Kylie Moore-Gilbert warned that the release from prison of four Americans by Iran in return for the unfreezing of funds could 'incentivise' Tehran. Photo: Ultimo
Kylie Moore-Gilbert warned that the release from prison of four Americans by Iran in return for the unfreezing of funds could 'incentivise' Tehran. Photo: Ultimo
Kylie Moore-Gilbert warned that the release from prison of four Americans by Iran in return for the unfreezing of funds could 'incentivise' Tehran. Photo: Ultimo
Kylie Moore-Gilbert warned that the release from prison of four Americans by Iran in return for the unfreezing of funds could 'incentivise' Tehran. Photo: Ultimo

Iran 'incentivised' to take hostages after US prisoners freed, fears Kylie Moore-Gilbert


Tariq Tahir
  • English
  • Arabic

The release from prison of four Americans by Iran in return for the unfreezing of funds could “incentivise” Tehran to take more hostages, former captive Kylie Moore-Gilbert has warned.

Dr Moore-Gilbert told The National the deal in which South Korea unfroze $6 billion of Iranian funds amounted to the paying of a “ransom” and called for action to “resolutely” deal with Iran’s hostage diplomacy.

The Australian-British academic was held in Iran's notorious Evin prison on trumped-up espionage charges and was sentenced to 10 years.

She was detained for a total of 804 days and spent months in solitary confinement before she was returned to her homeland in a prisoner swap in November 2020.

“In my view, the transfer of Iran's frozen assets in South Korea does amount to the payment of ransom,” she said.

“And we should be concerned about the prospect that such a payment will only incentivise Iran's hostage diplomacy further, which will endanger the lives of even more foreign and dual nationals visiting Iran, as well as provide the regime with more funds to further its crackdown on human and women's rights inside the country.”

Authorities in Tehran released four Iranian-American prisoners from Evin prison and placed them under house arrest.

Those released were businessmen Siamak Namazi, 51, Emad Shargi, 58, and 67-year-old environmentalist Morad Tahbaz, who also has British citizenship.

The fourth American citizen's identity has not been made public while another, also an unnamed American had already been released.

The funds freed by South Korea will be held in an account of Qatar’s central bank and Iran will reportedly be given access to the funds for humanitarian purposes.

Emad Shargi, Morad Tahbaz and Siamak Namazi are three of those released from Evin prison. Reuters
Emad Shargi, Morad Tahbaz and Siamak Namazi are three of those released from Evin prison. Reuters

Dr Moore-Gilbert said the deal was the third “major cash-for-hostages deal Western countries have agreed upon with Iran, and by far the most lucrative, with the Americans transferring more than $1 billion per hostage”.

While welcoming the restrictions on Iran’s access to the funds, she said “it remains to be seen how Qatar will be able to ensure that funds aren't siphoned off to boost the IRGC's budget or finance various Iranian proxy groups abroad”.

Dr Moore-Gilbert, a former lecturer in Islamic studies, was arrested in September 2018 and accused of spying as she tried to leave Iran.

She was fulfilling an invitation from an Iranian university to join a seminar on Shiite Islam and carry out three weeks of research.

Iran's hostage diplomacy strategy must be actively and resolutely curtailed to prevent further ransom payments and further hostage-takings
Kylie Moore-Gilbert

In her book, The Uncaged Sky, she recounts the oppression of her time within prison and judicial systems, the companionship and hope she found with her fellow prisoners and her frustration at efforts by Australia and the UK to secure her release.

She said it was time the world stood up more vigorously to Iran’s hostage diplomacy.

“I am overjoyed for the families of the American hostages, who have campaigned tirelessly for years for their loved ones to be brought home from unjust detention,” said Dr Moore-Gilbert.

Kylie Moore-Gilbert being released from prison in Iran. AP
Kylie Moore-Gilbert being released from prison in Iran. AP

“However, Iran's hostage diplomacy strategy must be actively and resolutely curtailed to prevent further ransom payments and further hostage-takings.

“The Americans in particular must develop policy in this area to establish red lines around negotiating the release for American hostages abroad, and in my view, they should rule out any future cash-for-hostages deals, as they do when a non-state actor kidnaps an American citizen.”

She added there is a “pressing need for international collaboration to address hostage diplomacy, not just by Iran but by an increasing number of authoritarian actors like Russia, China, Venezuela and North Korea”.

“Assorted denunciations, condemnations, declarations etc no longer cut it if they are not followed up by concrete action.”

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Engine: 3.7-litre V6

Transmission: seven-speed automatic

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HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

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.”

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Transmission: 8-speed auto

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UAE currency: the story behind the money in your pockets

Chelsea 2 Burnley 3
Chelsea
 Morata (69'), Luiz (88')
Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)

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

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UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Tesalam Aleik

Abdullah Al Ruwaished

(Rotana)

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

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SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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Despacito's dominance in numbers

Released: 2017

Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon

Views: 5.3 billion on YouTube

Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification

Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.

Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

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The%20specs
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SUCCESSION%20SEASON%204%20EPISODE%201
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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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Founder: Smeetha Ghosh, one co-founder (anonymous)

Launch year: 2020

Employees: four – plans to add another 10 by July 2021

Financing stage: $250,000 bootstrap funding, approaching VC firms this year

Investors: Co-founders

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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