Mehdi Karroubi, the former Iranian parliament speaker, announced his candidacy yesterday for the Iranian presidential race in 2009.
Mehdi Karroubi, the former Iranian parliament speaker, announced his candidacy yesterday for the Iranian presidential race in 2009.

Reformist little threat to Iran's hardliners



A prominent reformist cleric, who has declared his readiness to pursue a trust-building policy with the West over Iran's nuclear programme, is the first Iranian leader officially to announce his candidacy for June's vital presidential elections. Mehdi Karroubi, a former two-term parliamentary speaker and once a confidante of Ayatollah Khomeini, the father of Iran's 1979 Islamic Revolution, is a serious figure. However, his challenge, delivered at a press conference in Tehran yesterday is unlikely to perturb the hardline incumbent, Mahmoud Ahmadinejad - especially if it means that the charismatic standard-bearer of Iran's reformist movement, Mohammad Khatami, has decided against running. Given his popularity and moral authority, Mr Khatami would be a much more formidable reformist contender than Mr Karroubi. But he has yet to say whether he will again seek the post that he held between 1997 and 2005 when an unelected, hardline minority exploited its iron grip on key power centres to thwart his drive to liberalise Iranian politics and society.

Mr Khatami acknowledged last week that he was considering entering the electoral fray, but his reluctance was clear. He would do so only if he was allowed this time to fulfil the expectations of the Iranian people "for freedom, progress and justice". Mr Khatami, a mild-mannered philosopher-politician who is regarded by some as too gentlemanly for the hurly-burly of Iran's perennial power struggle, declared: "I do not want to return to power at any cost." His reaction to Mr Karroubi's candidacy is keenly awaited by Iran watchers. It will signal whether the notoriously fractious reformist camp has succeeded in uniting behind a single presidential candidate. None of Mr Ahmadinejad's potential conservative rivals has yet thrown his hat into the election ring. One of them, the powerful parliamentary speaker, Ali Larijani, told reporters on Saturday he would not run. He was Iran's chief nuclear negotiator until he resigned last year after falling out with Mr Ahmadinejad about how to handle the nuclear dispute with the West. Another is the conservative mayor of Tehran, Mohammed Qalibaf, a suave, 50-year-old technocrat. He is popular in the capital, where he once served as police chief, but is not known well in the provinces, which the president has toured widely, dispensing largesse in cash and loans. Continuing division in the demoralised reformist camp, which won just 46 of the 290 seats in April's parliamentary elections, would work to Mr Ahmadinejad's advantage. But even if Mr Khatami chooses not to run, he could yet play an influential role as kingmaker if he backs Mr Karroubi, analysts say. Despite calls for unity, Mr Karroubi, 71, obstinately refused to allow his National Confidence Party to be integrated with Mr Khatami's main reformist coalition in last spring's parliamentary elections. But yesterday he did not rule out withdrawing from the presidential race if Mr Khatami decides to enter it. "I made a proposal to other candidates to declare their candidacy, to hold their campaigns and after that we will discuss the situation and determine who is the most likely to succeed," he said. Some senior reformists suggest Mr Khatami should not run unless he is determined to stand up to the inevitably ferocious hardline opposition he would face if elected. Ironically, the more combative Mr Ahmadinejad, they point out with grudging admiration, has stood his ground firmly when confronted by hostile opposition. For example, he recently rebuffed furious calls to sack one of his senior aides who suggested Iranians were "friends with all people in the world - even Israelis". Mr Ahmadinejad, the 52-year-old son of a blacksmith, is virtually certain to seek a second four-year term and remains the firm favourite to win the election despite harsh criticism from reformists and conservatives alike over his handling of the economy. Inflation rose 1.8 percentage points in September to reach 29.4 per cent compared with 12 per cent at the time of his election, which he won with pledges to make life easier for Iran's poor. Mr Ahmadinejad's opponents also accuse him of indulging in needlessly confrontational rhetoric that has isolated Iran and exposed it to three rounds of UN sanctions over Tehran's cherished nuclear programme. "I believe Mr Ahmadinejad has failed in foreign policy and in economic problems," Mr Karroubi said yesterday. He also lashed out at the president for questioning the scale of the Holocaust: "The president has talked about this event: it has cost the country enormously and I don't understand what it has gained," he said. Iran should pursue "good relations with all countries except for Israel or at least not have any animosity", Mr Karroubi insisted. But Mr Ahmadinejad has won vital backing from the supreme leader, Ayatollah Ali Khamenei, and enjoys the support of the mighty Revolutionary Guard Corps in which he once served. Iran's hardliners also have manoeuvred deftly to head off any repeat of the surprise that brought Mr Khatami's landslide election victory in 1997. Reformists cannot even be confident that Mr Karroubi - or even Mr Khatami should he stand - will be allowed to run by Iran's hardline Council of Guardians, which vets candidates for elections and has often blocked reformists in the past. Mr Karroubi carried the reformist banner in 2005 - when he made a bizarre promise to give cheques worth US$55 (Dh202) to every Iranian if he won. He finished in third place in the first round of the elections, receiving 17 per cent of the vote, but complained bitterly that voting irregularities had robbed him of winning the contest. Mr Ahmadinejad's supporters appear confident the reformist camp still poses little challenge. Kayhan, a hardline daily newspaper that backs the president, has challenged Mr Khatami to throw his gauntlet into the election ring, suggesting this would enable the electorate to expose definitively Iran's reformers as a spent force. mtheodoulou@thenational.ae

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Ways to control drones

Countries have been coming up with ways to restrict and monitor the use of non-commercial drones to keep them from trespassing on controlled areas such as airports.

"Drones vary in size and some can be as big as a small city car - so imagine the impact of one hitting an airplane. It's a huge risk, especially when commercial airliners are not designed to make or take sudden evasive manoeuvres like drones can" says Saj Ahmed, chief analyst at London-based StrategicAero Research.

New measures have now been taken to monitor drone activity, Geo-fencing technology is one.

It's a method designed to prevent drones from drifting into banned areas. The technology uses GPS location signals to stop its machines flying close to airports and other restricted zones.

The European commission has recently announced a blueprint to make drone use in low-level airspace safe, secure and environmentally friendly. This process is called “U-Space” – it covers altitudes of up to 150 metres. It is also noteworthy that that UK Civil Aviation Authority recommends drones to be flown at no higher than 400ft. “U-Space” technology will be governed by a system similar to air traffic control management, which will be automated using tools like geo-fencing.

The UAE has drawn serious measures to ensure users register their devices under strict new laws. Authorities have urged that users must obtain approval in advance before flying the drones, non registered drone use in Dubai will result in a fine of up to twenty thousand dirhams under a new resolution approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

Mr Ahmad suggest that "Hefty fines running into hundreds of thousands of dollars need to compensate for the cost of airport disruption and flight diversions to lengthy jail spells, confiscation of travel rights and use of drones for a lengthy period" must be enforced in order to reduce airport intrusion.

DMZ facts
  • The DMZ was created as a buffer after the 1950-53 Korean War.
  • It runs 248 kilometers across the Korean Peninsula and is 4km wide.
  • The zone is jointly overseen by the US-led United Nations Command and North Korea.
  • It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
  • Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
  • Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
  • Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012. 
  • Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.

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.”

Company%20Profile
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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

RESULTS

Welterweight

Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)

(Unanimous points decision)

Catchweight 75kg

Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)

(Second round knockout)

Flyweight (female)

Manon Fiorot (FRA) beat Corinne Laframboise (CAN)

(RSC in third round)

Featherweight

Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki

(Disqualification)

Lightweight

Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)

(Unanimous points)

Featherweight

Yousef Al Housani (UAE) beat Mohamed Fargan (IND)

(TKO first round)

Catchweight 69kg

Jung Han-gook (KOR) beat Max Lima (BRA)

(First round submission by foot-lock)

Catchweight 71kg

Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)

(TKO round 1).

Featherweight title (5 rounds)

Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

(TKO round 1).

Lightweight title (5 rounds)

Bruno Machado (BRA) beat Mike Santiago (USA)

(RSC round 2).

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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COMPANY%20PROFILE
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