University students attend a protest inside Tehran University while a smoke grenade is thrown by anti-riot Iranian police. Ten people have been killed so far according to Iranian state television. AP
University students attend a protest inside Tehran University while a smoke grenade is thrown by anti-riot Iranian police. Ten people have been killed so far according to Iranian state television. AP
University students attend a protest inside Tehran University while a smoke grenade is thrown by anti-riot Iranian police. Ten people have been killed so far according to Iranian state television. AP
University students attend a protest inside Tehran University while a smoke grenade is thrown by anti-riot Iranian police. Ten people have been killed so far according to Iranian state television. AP

Iran death toll rises after police officer shot during protest


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Iranians took to the streets for a fifth night of demonstrations on Monday in a snub to the country’s clerical leadership as tensions rose further with the first killing of a police officer.

A gunman killed the officer and wounded three others in the central city of Najafabad, according to Iran’s semi-official Mehr news agency, bringing the total number of dead during the largest protests against the regime since 2009 to at least 13.

Cars were reportedly torched in Tehran after nightfall on Monday as protesters chanted anti-government slogans in defiance of an appeal for calm by president Hassan Rouhani on Sunday night when he promised more "space for criticism".

"The people are absolutely free in expressing their criticisms and even protests," Mr Rouhani told his cabinet in remarks reported on state media. "But criticism is different to violence and destroying public property."

On Monday, he tried to play down the unrest in a statement on the presidency website.

"This is nothing," Mr Rouhani said. "Our nation will deal with this minority who chant slogans against the law and people's wishes, and insult the sanctities and values of the revolution.

Ten people were reported killed Monday in the most deadly night of violence since protests began in the second city Mashhad on Thursday. State media said that armed protesters tried to over-run police stations and military bases.

Six people were reportedly killed by gunfire in the western town of Tuyserkan, and a local lawmaker said two people had been shot dead in the south-western town of Izeh.

"People of Izeh, like some other cities, held a protest against economic problems and unfortunately it led to the killing of two people and injuries to some others," Hedayatollah Khademi, the local MP, told the ILNA news agency, adding it was unclear who had fired the shots.

The state broadcaster said two others died in the western town of Dorud when they were hit by a fire engine stolen by protesters, and ILNA reported a school for clergy and government buildings were burnt in the north-western town of Takestan.

Although media access has been restricted, videos on social media showed demonstrations in many areas of the country. New protests broke in Tehran on Monday, with reports on social media of a heavy police presence in the centre of the capital.

The protests have become the biggest test for the regime since demonstrations following the disputed 2009 presidential election.

Police used tear gas and water cannons to disperse a small protest in Tehran's Enghelab Square on Sunday evening, according to unverified social media videos. There were also reports of protests in the cities of Kermanshah, Khorramabad, Shahinshahr and Toyserkan in the west, and Zanjan in north Iran.

More than 400 people have been arrested in the four days of protests.

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Read more:

Iran unrest is 'start of a big movement': Nobel Peace Prize-winner Ebadi

Protesters 'shot dead' during third day of demonstrations in Iran

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Verifying reports remained challenging due to travel restrictions and sporadic blocks on mobile internet and social media sites, including Telegram and Instagram.

The protests began as demonstrations against economic conditions in Mashhad but quickly turned against the government, with thousands marching in towns across Iran to chants of "Death to the dictator".

US president Donald Trump, a critic of Tehran, commented again on the protests in tweets on Monday.

"Iran is failing at every level despite the terrible deal made with them by the Obama administration," Mr Trump said, referring to the nuclear pact agreed under his predecessor Barack Obama.

"The great Iranian people have been repressed for many years. They are hungry for food & for freedom. Along with human rights, the wealth of Iran is being looted. TIME FOR CHANGE!"

In a statement, Boris Johnson, Britain’s foreign secretary, said that the UK was watching events carefully.

“We regret the loss of life that has occurred in the protests in Iran, and call on all concerned to refrain from violence and for international obligations on human rights to be observed,” he said.

Mr Rouhani had dismissed Mr Trump's earlier comments on Sunday.

"This man who today in America wants to sympathise with our people has forgotten that a few months ago he called the nation of Iran terrorist."

State media began showing some footage of the demonstrations on Sunday, focusing on young men attacking banks and vehicles, an attack on a town hall in Tehran, and images of a man burning the Iranian flag.

"Those who damage public property, disrupt order and break the law must be responsible for their behaviour and pay the price," interior minister Abdolrahman Rahmani Fazli said on Sunday.

There have been reminders of the continued support for the regime among conservative sections of society, with pro-government students staging counterdemonstrations at the University of Tehran over the weekend.

Meanwhile, Bahrain became the first Arab Gulf state to issue a travel warning for Iran. The foreign ministry called on citizens not to travel to Iran "under any circumstances" because of protests there, and also urged any Bahrainis in the country to leave immediately.

In a statement on Twitter, the ministry cautioned that Iran was seeing "large-scale disturbances and an unstable security situation" as well as "grave acts of violence".

Bahrain's Shiite community generally travels to Iran for religious reasons, although relations between the countries are strained over allegations by Manama that Tehran interferes in its internal affairs.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The Brutalist

Director: Brady Corbet

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McIlroy's recent struggles

Last six stroke-play events (First round score in brackets)

Arnold Palmer Invitational Tied for 4th (74)

The US Masters Tied for 7th (72)

The Players Championship Tied for 35th (73)

US Open Missed the cut (78)

Travellers Championship Tied for 17th (67)

Irish Open Missed the cut (72)