A top Canadian official on Friday declared Iran’s Islamic Revolutionary Guard Corps a terrorist organisation, as she unveiled sweeping travel sanctions on the group's members.
“The IRGC leadership are terrorists, the IRGC is a terrorist organisation,” Canadian Deputy Prime Minister and Minister of Finance Chrystia Freeland said.
Canadian Prime Minister Justin Trudeau said the federal government will be imposing immigration restrictions on the Iranian regime.
About half of the organisation's members — some 10,000 people — “will be inadmissible to Canada forever”, he said.
“We will be pursuing a listing of the Iranian regime, including the IRGC leadership, under the most powerful provision of the Immigration and Refugee Protection Act,” Mr Trudeau said.
He added that the decision was permanent.
The US listed the IRGC as a terrorist organisation in 2019 under Donald Trump. President Joe Biden's administration has declined Tehran's request to delist the force as a condition of reviving the nuclear deal.
The Canadian government's move falls short, however, of a terrorist designation.
Instead, the government is using provisions under the Immigration and Refugee Protection Act (Irpa) to target members of the regime and the IRGC, the CBC reported.
A majority in the Canadian Parliament passed a motion in 2018 calling on the government to designate the IRGC as a terrorist organisation, but Mr Trudeau remains reluctant to do so, reportedly over security fears.
This week, conservative leader Pierre Poilievre urged the government again to make the designation.
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Demonstrators chant slogans during the March of Solidarity for Iran in Washington. AFP -

Another group of demonstrators at the march. AFP -

A protest in support of Iranian women in Barcelona. Reuters -

Iranian citizens and locals joined in the Barcelona protest. Reuters -

People attend a demonstration in solidarity with Mahsa Amini and other Iranian women in Castello Square, Turin. EPA -

A person places a candle during the demonstration in Turin. EPA -

A protester holds a pre-Islamic Revolution Iranian flag during a demonstration in Brussels in support of the Iranians fighting for their freedom. AFP -

A protester wearing a top with a logo that reads 'No to an Islamic state" as she takes part in a rally in support of the Iranian people, in Brussels. AFP -

People wave the Shah-era Iranian flag during a protest in Paris. AFP -

A woman shows her true colours in the protest against the Iranian government, in Paris. AFP -

A woman holds a flag, as people protest against the Iranian regime outside Iran's embassy in central London. Reuters -

Supporters of the Kurdistan Workers' Party (PKK) carry placards and wave party flags in Beirut, during a protest against the death of Ms Amini. EPA -

People demonstrate against the Iranian government outside the Houses of Parliament in London following the death of Amini. Reuters -

A mural in Paris depicts women cutting their hair to show support for Iranian protesters. AP -

People take part in a rally against the Iranian government in Vancouver, Canada, on Saturday. AP -

Protesters take to the streets of Tehran. EPA -

Iranian protesters run after clashing with with police. EPA -

A protester shaves their head outside the Houses of Parliament in London. Reuters -

Iranians living in Athens hold a protest in solidarity. AFP -

People take part in a rally in The Hague. AFP -

A woman cuts her hair during a demonstration in Santiago, Chile, by feminist groups and Iranian migrants in support of Iranian women following the death of Amini. AFP -

Members of feminist groups and Iranian migrants during the protests in Santiago. AFP -

Iranian activists shout slogans during a protest against the government in Tehran, in Amsterdam, The Netherlands. EPA -

A protester holds a painted portrait of Mahsa Amini in Berlin, Germany. EPA -

A protester shows red paint on her face, resembling blood splatters and bloody handprints next to the national Iranian emblem, during a rally in Berlin. EPA -

Iranian protesters shout slogan during a protest in Istanbul, Turkey. EPA -

A woman holds a sign during a protest against the Iranian government, in front of the country's embassy in Madrid, Spain. The protests were triggered by the death of a young Iranian woman, Mahsa Amini, in police custody. Reuters -

A woman cuts her hair during the protest in front of the Iranian embassy in Madrid. Reuters -

Israelis show their support for women in Iran as they hold up placards of Amini during a protest in Jerusalem. EPA -

Amini, 22, was arrested in Tehran on September 13, 2022, by the morality police. She fell into a coma while in police custody and was declared dead on September 16. EPA -

People walk by graffiti in support of the protests triggered by Amini's death, in Jerusalem. EPA -

A protest in Nantes, western France, after the death of Amini in Iranian police custody. AFP -

Women gather for a demonstration in Barcelona, Spain. AFP -

Demonstrators in Nantes. Amini's death has sparked a global protest movement. AFP -

Women protest outside the town hall in in Montpellier, southern France. AFP -

A woman at a protest in Catalunya Square, Barcelona. Reuters -

Campaigners and football fans protest at a Champions League match between Porto and Bayer Leverkusen at the Dragao stadium in Portugal. EPA -

People hold placards during a demonstration in solidarity with the Iranian people near the European Parliament in Strasbourg, France. EPA -

An Iranian woman living in Turkey with 'Freedom' written on her forehead takes part in a protest near the Iranian consulate in Istanbul. Reuters -

In Barcelona, protesters take part in a demonstration in support of Iranian women. AFP -

A Lebanese activist takes part in a protest in Beirut, triggered by the death of Amini, 22. AP -

A Turkish protester takes off her head scarf while giving a performance in Instanbul during a protest against Iran over Amini's death. Getty -

A woman in Istanbul cuts her hair during a protest against Iran. Getty -

A Lebanese activist holds a poster depicting Amini during a protest in Beirut organised by feminist groups in support of women protesters in Iran. EPA -

Demonstrators in Los Angeles, California, hold the Iranian flag during a protest against the government in Tehran. AFP -

Demonstrators hold placards in Mexico City during a protest against Iran. Reuters -

People demonstrate in Montreal, Canada, during a protest triggered by Amini's death. AFP -

Iranian Americans participate in a rally in central Los Angeles, in solidarity with women in Iran. AP -

Demonstrators march during a protest in Los Angeles, California. AFP -

A woman with the colours of the Iranian flag painted on her face participates in a rally as thousands demonstrate in support of Iranian women in Los Angeles. EPA -

Australians protest over Amini's death in Melbourne. EPA -

Police block protesters from entering Iran's embassy in Oslo, Norway. EPA -

Demonstrators in front of the European headquarters of the UN in Geneva, Switzerland, during a rally against Iran. EPA -

A candlelight vigil for Amini in Los Angeles. AFP -

Afghan women hold placards as they take part in a protest in front of the Iranian embassy in Kabul. AFP -

Protestors take part in a rally outside the Iranian consulate in Istanbul. AFP -

An Iranian woman shows a lock of hair she cut off during a protest outside the Iranian consulate in Istanbul. EPA -

Demonstrators outside the Iranian consulate in Istanbul. Getty -

Iranian Americans rally on Capitol Hill in Washington to show support for protesters in Iran. AFP -

Protesters on Capitol Hill hold a sign condemning the crackdown by Tehran. AFP -

German demonstrators gather in Berlin after the death of Amini in Iranian police custody. AP -

A protester cries during a rally in Berlin. Reuters -

A demonstration in Madrid, Spain. Thousands have gathered in cities across Europe to support protests in Iran. AP -

Demonstrators gather outside the Iranian embassy in Madrid. Reuters -

People take part in a protest in Lausanne, Switzerland. EPA -

Protesters hold signs featuring images of Amini during the protest in the western Swiss city. EPA -

Demonstrators in front of the Iranian embassy in Buenos Aires, Argentina. EPA -

An activist outside the Iranian embassy in Buenos Aires, Argentina, with a sign that reads 'Justice for Mahsa Amini'. AFP -

A demonstration against violence in Iran is held in Quito, Ecuador. The Iranian community in Ecuador protested outside the Iranian embassy. EPA -

Protesters at a demonstration outside the Iranian embassy in Quito, Ecuador. EPA
Friday's sanctions come as protests in Iran approach their fourth week over the death of Mahsa Amini, who died in police custody after improperly wearing her headscarf.
Human rights organisations have reported that hundreds may have been killed or injured in the protests.
On Thursday, Amnesty International accused Iranian security forces of killing at least 66 people, including children, and injuring “hundreds of others after firing live ammunition, metal pellets and teargas at protesters, bystanders and worshippers during a violent crackdown” after Friday prayers in Zahedan, as well as Sistan and Baluchestan provinces.
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ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
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 specs: 2018 Mercedes-Benz E 300 Cabriolet
Price, base / as tested: Dh275,250 / Dh328,465
Engine: 2.0-litre four-cylinder
Power: 245hp @ 5,500rpm
Torque: 370Nm @ 1,300rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.0L / 100km
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
'How To Build A Boat'
Jonathan Gornall, Simon & Schuster
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
Diriyah%20project%20at%20a%20glance
Saudi National Day
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Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
ARSENAL IN 1977
Feb 05 Arsenal 0-0 Sunderland
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
Tomorrow 2021
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
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Under 19 Cricket World Cup, Asia Qualifier
Fixtures
Friday, April 12, Malaysia v UAE
Saturday, April 13, UAE v Nepal
Monday, April 15, UAE v Kuwait
Tuesday, April 16, UAE v Singapore
Thursday, April 18, UAE v Oman
UAE squad
Aryan Lakra (captain), Aaron Benjamin, Akasha Mohammed, Alishan Sharafu, Anand Kumar, Ansh Tandon, Ashwanth Valthapa, Karthik Meiyappan, Mohammed Faraazuddin, Rishab Mukherjee, Niel Lobo, Osama Hassan, Vritya Aravind, Wasi Shah
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September 30
South Africa v Australia
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October 7
South Africa v New Zealand
Argentina v Australia

