US Secretary of State Mike Pompeo said Iranian 'assassins' killed government opponent and human rights activist Kazem Rajavi in 1990. AFP
US Secretary of State Mike Pompeo said Iranian 'assassins' killed government opponent and human rights activist Kazem Rajavi in 1990. AFP
US Secretary of State Mike Pompeo said Iranian 'assassins' killed government opponent and human rights activist Kazem Rajavi in 1990. AFP
US Secretary of State Mike Pompeo said Iranian 'assassins' killed government opponent and human rights activist Kazem Rajavi in 1990. AFP

US imposes visa restrictions on 14 Iranians over human rights violations


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The United States on Friday said it was imposing visa restrictions on 13 Iranian officials it accused of involvement in "gross violations of human rights" for a 1990 assassination of an Iranian opposition figure in Switzerland.

The US State Department did not name the 13, but in a statement said it was also designating a 14th Iranian, Hojatollah Khodaei Souri, who it said as director of Iran's Evin Prison ran an institution "synonymous with torture and other cruel, inhuman, or degrading treatment or punishment".

"The United States will continue to pressure Iran to treat its own people with dignity and respect," US Secretary of State Mike Pompeo said.

Mr Pompeo's statement barring the 13 officials from traveling to the United States was likely in reference to the 1990 killing of Kazem Rajavi, a leading opponent of the Iranian Government who was shot near his home in Switzerland.

Rajavi was the brother of the leader of the People's Mujahedeen, a leftist guerrilla group. The Mujahedeen's European office in Paris at the time issued a statement quoting Massoud Rajavi as saying the Iranian Embassy in Switzerland organised the killing.

Mr Pompeo said the officials, who he called "assassins," posed as Iranian diplomats and acted "under the highest orders of their government to silence opposition and show that no one is safe from the Iranian regime".

Tensions between Washington and Tehran have soared since Mr Trump unilaterally withdrew in 2018 from the Iran nuclear deal struck by his predecessor, Barack Obama, and began re-imposing sanctions that had been eased under the accord.

The United States moved on Thursday to restore UN sanctions on Iran, including an arms embargo, arguing Tehran was in violation of the deal it struck with world powers in 2015 even though Washington itself abandoned the agreement.

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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
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UAE currency: the story behind the money in your pockets
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Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

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Director: Venkat Prabhu
Rating: 2/5