Iran has executed a once-exiled journalist Rouhollah Zam over his online work that helped drive nationwide economic protests in 2017.
Iranian state television and the state-run Irna news agency said Zam was hanged early Saturday morning.
In June, a Tehran court sentenced Zam to death, saying he had been convicted of “corruption on earth”, a charge often used in cases involving espionage or attempts to overthrow Iran’s government.
Iran's Supreme Court upheld his death sentence on Tuesday.
The official Irna news agency said Zam was convicted of espionage for France and an unnamed country in the region, co-operating with the "hostile government of America", acting against "the country's security," insulting the "sanctity of Islam" and instigating violence during the 2017 protests.
Zam fled Iran after the 2009 'Green Movement' protests over the re-election of president Mahmoud Ahmadinejad and was granted asylum in France. He was arrested in Iran under unknown circumstances in October last year.
The French Foreign Ministry said he had left France on October 11 and that it had no information about his arrest.
Iran's Islamic Revolutionary Guard Corps said it ran a “meticulous intelligence operation” to deceive foreign intelligence services and lure Zam back into the country for prosecution.
Reporters Without Borders said Zam was kidnapped and forcibly returned to Iran.
The Paris-based media watchdog said it was "outraged" by Zam's execution, describing it as a "new crime of Iranian justice". It also accused Iranian supreme leader Ayatollah Ali Khamenei of being the mastermind of Zam's killing.
After fleeing Iran, Zam set up the Amadnews website and a channel on the messaging app Telegram that spread the timings of the 2017 protests and embarrassing information about figures in Iran’s Shiite theocracy.
The demonstrations in December 2017 and January 2018, sparked by the rising cost of food, posed the biggest challenge to Iran's regime since the 2009 protests and set the stage for similar mass unrest that broke out in November last year after the government raised fuel prices.
Telegram suspended Zam's Amadnews feed in 2018 for allegedly inciting violence but it later reappeared under another name.
Zam is the son of Shiite cleric Mohammad Ali Zam, a reformist who once served in a government policy position in the early 1980s. The cleric wrote a letter published by Iranian media in July 2017 in which he said he did not support his son's reporting on Amadnews.
Iran aired a series of a televised confessions by Zam earlier this year.
During an interview in July, Zam said he had lost about 30 kilograms since his arrest. He said that following the arrest he was able to meet his father after nine years and his mother and sister after some six years.
Zam is one of several people to have been put on death row over participation or links to protests that rocked Iran between 2017 and 2019.
Navid Afkari, a 27-year-old wrestler, was executed at a prison in the southern city of Shiraz in September.
The judiciary said he had been found guilty of "voluntary homicide" for stabbing to death a government employee in August 2018.
Shiraz and several other urban centres across Iran had been the scene of anti-government protests and demonstrations at the time over economic and social hardship.
Three young men were also sentenced to death over links to the 2019 protests, but Iran's supreme court said last week that it would retry them after a request by their lawyers.
Their sentences were initially upheld by a tribunal over evidence the judiciary said was found on their phones of them setting fire to banks, buses and public buildings during protests.
Amnesty International said Iran executed at least 251 people last year, the world's second highest toll after China.
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The five pillars of Islam
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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