Even in the grim, overcrowded Evin jail, optimism has been rising for weeks among prisoners held by Iran as bargaining chips that, after years of setbacks, freedom could soon be possible.
About 20 prisoners from countries including the US, UK, Germany, Austria, Sweden and France are being held on what are widely considered to be fabricated charges. Several have been threatened with the death penalty.
Prisoners include Emad Sharghi, an Iranian American held since 2018, and Nazanin Zaghari-Ratcliffe, a British-Iranian citizen who has served a five-year prison sentence but is still barred from leaving the country to join her husband and daughter in the UK.
Their families have long said that there can be no international dealings with Iran unless the prisoners are released.
Britain said on Tuesday that a conclusion to the talks was imminent — but the future of the hostages remains unclear. Media reports said on Tuesday that a “prisoner swap” between the US and Iran was expected soon.
“Now in the endgame of this negotiation. Time for us to conclude,” said Stephanie Al-Qaq, the UK Foreign Office’s director of the Middle East and North Africa department.
Families of prisoners told The National that they began lobbying their governments hard when talks started in Vienna in April 2021 to ensure that foreign political prisoners and those held on trumped up charges were part of an agreement to resume the nuclear deal under US President Joe Biden.
A US-based group — Hostage Aid Worldwide — was set up before the Vienna talks to tackle the global industry in prisoner-taking for political gain.
At its launch, a former US prisoner in Iran, Xiyue Wang, said: “Any political deal that does not explicitly address Iran’s hostage-taking behaviour will not stop Iran’s hostage-taking.”
Campaigners said that the US had hardened its public stance since the talks started, with the US special envoy for Iran Robert Malley saying last month it would be “very hard” to return to the deal while four Americans were still being held.
The US-led team had been much quieter on linking the two issues a year ago, said Hadi Ghaemi, executive director of the US-based Centre for Human Rights in Iran.
“It would be inconceivable to have a new deal with the EU, US and Iran while people remained in jails,” he said.
“There is no way these diplomats can go home and tell the public that the fate of their hostages was not resolved.”
Once advised by their governments to keep quiet, the families have begun to speak out to demand the release of their loved ones and to criticise the tactics of their governments.
Several former and current detainees — including British-Iranian prisoner Anoosheh Ashoori; Nizar Zakka, a Lebanese citizen who was held on spying charges from 2015-2019 — went on hunger strike this year to press their demand that no new nuclear deal should be reached without the release of the prisoners.
Vienna negotiations
The talks have focused on the unfreezing of Iranian funds and the release of western prisoners, diplomats told Reuters. The talks included negotiators from the UK, France, Germany and the US — all of which have prisoners in Iran held on what are considered to be false charges.
Mariam Claren, whose mother, Nahid Taghavi, was detained during a crackdown on rights activists in October 2020, said she had told the German government in April last year that her mother’s case had to be considered as part of the talks.
Families and supporters on Friday told The National that none of them had been briefed by their governments on the talks and what it meant for their relatives.
“Imagine the mental torture the families will go through in the coming weeks. Nobody knows what’s going to happen or knows if their family member is involved in a deal,” said Ms Claren.
Mr Namazi, a businessman working in Dubai, was arrested on a visit to Tehran in 2015. His father was also jailed after coming to visiting his son before being released on health grounds.
Friends of Mehran Raoof, a British-Iranian labour activist swept up with Ms Taghavi during the October 2020 arrests, said he was optimistic about a possible release in the coming months if the talks were successful.
“I spoke to him three weeks ago,” said his friend, Satar Rahmani. “He’s hoping he’ll be released after a year — he’s thinking about the negotiations and a possible prisoner exchange.”
Mr Ashoori, held since 2017 and jailed for a decade on fabricated charges of spying for Israel, has discussed the political situation with other prisoners, including Siamak Namazi, the longest-serving American prisoner in Evin, and is more hopeful of release than he has been for years, his wife said.
“There’s a feeling now that it’s all or nothing,” said Mr Ashoori’s wife, Sherry Izadi.
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.”
MATCH DETAILS
Chelsea 4
Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)
Ajax 4
Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55)
The years Ramadan fell in May
A%20QUIET%20PLACE
%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Lupita%20Nyong'o%2C%20Joseph%20Quinn%2C%20Djimon%20Hounsou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EMichael%20Sarnoski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
A list of the animal rescue organisations in the UAE
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
'Top Gun: Maverick'
Rating: 4/5
Directed by: Joseph Kosinski
Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris
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
Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
The%20specs%3A%20Taycan%20Turbo%20GT
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C108hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C340Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%20(front%20axle)%3B%20two-speed%20transmission%20(rear%20axle)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh928%2C400%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOrders%20open%3C%2Fp%3E%0A
Miss Granny
Director: Joyce Bernal
Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa
3/5
(Tagalog with Eng/Ar subtitles)