Iranians attacked a religious school in Karaj province near Tehran during renewed protests over the economy ahead of the reimposition of US sanctions this week.
The attack was reported by the Fars news agency on Saturday, after days of protests in the major cities of Isfahan, Shiraz, Mashhad and Tehran that were barely mentioned by the authorities.
"At 9pm [on Friday] they attacked the school and tried to break the doors down and burn things," Fars quoted the head of the school in the town of Ishtehad, Hojatoleslam Hindiani, as saying.
It gave only his clerical rank - Hojatoleslam - not his given name.
"They were about 500 people and they chanted against the system but they were dispersed by the riot police and some have been arrested," Mr Hindiani told Fars.
"These people came with rocks and broke the sign and all the windows of the prayer house and they were chanting against the system."
There have been several many protests in Iran since last year, driven by concerns over the economy as well as wider anger at the political system. During demonstrations, Iranian news outlets have focused on attacks against sensitive symbols such as religious buildings as a way of tarnishing the protests.
Videos posted on social media in recent days have shown people marching in the streets of several cities, chanting "Death to the dictator" and other slogans.
But these have been impossible to verify and the authorities have charged that they are promoted by foreign-based opposition groups funded by the US, Israel and Saudi Arabia.
Foreign media are barred from observing or filming "unauthorised" protests.
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Read more:
Iran's gold demand triples as investors seek safe haven before US sanctions
Comment: Iranian hardliners not moderates are to blame for Iran's economic malaise
Missile components for Iran seized at Heathrow Airport
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The videos on social media suggest the protests in recent days are smaller in scale compared to the unrest in December and January, when at least 25 people were killed in demonstrations that spread to dozens of towns and cities.
But Iranians are deeply concerned about the effect the return of US sanctions will have on the already troubled economy.
The US withdrew from the 2015 Iran nuclear deal in May and is reimposing "maximum pressure" sanctions in two phases - the first on Tuesday and then a second on November 5.
The first phase includes blocks on financial transactions and imports of raw materials, as well as sanctions on Iran's car sector and commercial aircraft purchases.
Iran Air announced that it would take delivery of five ATR aircraft from the French-Italian company on Sunday, sneaking under the wire before the sanctions on aircraft purchases return.
Iran says the sanctions are endangering lives by blocking the sale of new planes and spare parts for its ageing fleets.
Iran's Aseman Airlines was ordered to ground its fleet of ATR planes in February after one of them crashed in the Zagros mountains, killing all 66 people on board.
Remaining sanctions - including on Iran's oil and gas sector and central bank - will resume on November 5.
Although smaller foreign companies have vowed to work around the US sanctions, multinationals such as France's Total and Peugeot and Germany's Siemens have already said they will have to pull out.
Increased US hostility has also driven a run on Iran's currency, which has lost around two thirds of its value in six months.
It is not yet clear how all this will affect ordinary Iranians but a western diplomat in Tehran who monitors the economy said prices of basic foods were already creeping up.
"We are already seeing car prices going through the roof over fears about raw material imports," the diplomat said.
"In November, when oil sales are affected, we will have a clearer view of the impact on daily lives."
The diplomat said the collapse in the value of the rial was not driven by purely economic factors but instead by people rushing to buy gold or hard currency as a safe haven for their savings because they do not trust the government to improve the situation.
"There is a massive loss of confidence in the financial system and the government's ability to control things and withstand sanctions."
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.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
More coverage from the Future Forum
Company%20Profile
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Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
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.”
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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MATCH INFO
Manchester United 1 (Rashford 36')
Liverpool 1 (Lallana 84')
Man of the match: Marcus Rashford (Manchester United)
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Manikarnika: The Queen of Jhansi
Director: Kangana Ranaut, Krish Jagarlamudi
Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
Rating: 2.5/5
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
More from Neighbourhood Watch:
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Pathaan
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Siddharth%20Anand%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Deepika%20Padukone%2C%20John%20Abraham%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
EA%20Sports%20FC%2024
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The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
The 15 players selected
Muzzamil Afridi, Rahman Gul, Rizwan Haider (Dezo Devils); Shahbaz Ahmed, Suneth Sampath (Glory Gladiators); Waqas Gohar, Jamshaid Butt, Shadab Ahamed (Ganga Fighters); Ali Abid, Ayaz Butt, Ghulam Farid, JD Mahesh Kumara (Hiranni Heros); Inam Faried, Mausif Khan, Ashok Kumar (Texas Titans
Killing of Qassem Suleimani
Company%20Profile
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ASSASSIN'S%20CREED%20MIRAGE
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Company%C2%A0profile
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COMPANY%20PROFILE
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Mohammed bin Zayed Majlis