Iran lives with dual character


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"Tehran's mass rally highlighted the dual character of Iranians," wrote Satea Nourredine in an opinion piece for the Lebanese daily Assafir. "On the one hand, an overwhelming majority of the public supports the reformists' agenda of western liberal values. On the other hand, there is the hardline power of the religious and military establishment that is literally committed to a radical  political, religious, and social  model."

It would be premature to conclude that the sudden events that has rumbled Iranian streets will mark a turning point in the history of Iran and consequently give way to a radical change in the Islamic regime. But it has been proven that the majority of Iranians are reformists, and this fact may compel the reformist movement to design a clear political work plan and structure its leadership. "So while waiting for the new reformist agenda to emerge, it is likely that amid the latest developments the conservative regime will review its priorities. This is because it can no longer overlook the claims of the majority of Iranians even if it  tries to deprive them of their votes or oppress them. One possible scenario is that the regime would give the opposition larger margins to manoeuvre outside the system's institutions. It is similarly possible that the authorities would promise a review of its irrational external ambitions."

"Yemen is facing serious challenges that threaten its security and stability," reported the leading article of the London-based daily Al Quds al Arabi. "The most prominent challenges are the Houthi rebellion in the north and the mounting protests against the regime in the south. The kidnapping  of nine foreigners, including five members of one German  family, added another burden on the already crisis-battered  Yemeni government."

Criminal acts like these are neither new nor surprising in Yemen, but this time the abductors killed  at least three of the nine hostages in Saada district, while the fate of the other six remains unknown. The way kidnappers behaved left no room for doubt that they aimed at disrupting the stability of the country and embarrassing the government as well as damaging further the faltering tourism industry.

"As events unfold, the Yemeni government stands responsible for the crimes committed against foreigners because it does not offer them the necessary protection and does not warn them of staying away from areas of high risk. The government is also to blame for its lax attitude in dealing with lawless tribes. "Yemen today is in dire need of international  support so that it can surmount its crises and prevent the country from sliding into anarchy."

"Some people believe that the US president Barack Obama's description of the speech of the Israeli prime minister Benjamin Netanyahu being a 'great step forward' reflects the way the west treats Israel as a country that emerged as a victim of the Holocaust. It also reflects that the west tends to avoid direct confrontation with the Jewish state," wrote Randa Taqi al Dine in a comment piece featured in the London-based daily Al Hayat.

Others found President Obama's welcome as a step prior to exerting more pressure on Israel to enter into direct negotiations with Palestinian leaders. According to this view, the progress made following the advent of President Obama's administration revealed that the US had pressed the Israeli government in just the same way James Baker did during the former president George HW Bush's era. Backed by both the Congress and the Jewish community, President Obama forced Israel to engage in talks about peace and take some concrete actions. Americans appeared to have adopted a "grading" strategy. First, they want the  Israeli premier to accept the fundamental question: the establishment of Palestinian state. Then they can press him to waive his conditions.  So if Americans read the speech as positive, this means they are willing to put further pressure on Israel. Yet no one can estimate to what degree the US can be successful.

The UAE newspaper Al Khaleej carried an opinion piece by Amjad Araar, who wrote: "The meeting this week between Fatah and Hamas witnessed an exchange of lists of political prisoners held in the Gaza Strip and the West Bank. Good move as it is, political detention is unacceptable and should be terminated altogether. "Palestinians should understand that freedom is a fundamental human right and cannot by any means be a matter of bargaining, especially since most of the leaders of the Palestinian factions have been jailed previously and experienced hardship in occupation detention centres."

They also should understand that political detention had been one of the causes that led to the current  crisis of division. So if  the intention to put an end to this issue is a genuine one, it will be a major step towards overcoming persistent national differences. Yet for it to be successful, it should  be treated separately and be considered as a main national priority per se. "One year after the national division, all Palestinian forces are urged to engage in self-analysis. If they do, surely they will reach the same conclusion: the state of division in serves the interests of no one."

* Digest compiled by Moustapha Elmouloudi melmouloudi@thenational.ae

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Indoor Cricket World Cup

Venue Insportz, Dubai, September 16-23

UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty

Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.

The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.

All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.

No person who has received refuge in Poland will be sent back to a country torn by war.

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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.”

The biog

Hobby: Playing piano and drawing patterns

Best book: Awaken the Giant Within by Tony Robbins

Food of choice: Sushi  

Favourite colour: Orange

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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Scores in brief:

Day 1

New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38

Pakistan (1st innings) 59-2 (23 overs)

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

AndhaDhun

Director: Sriram Raghavan

Producer: Matchbox Pictures, Viacom18

Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan

Rating: 3.5/5

COMPANY%20PROFILE
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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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

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates