Iraqi populist cleric Moqtada Al Sadr on Sunday welcomed the visit by Pope Francis to Iraq next month, and warned against those who might oppose it.
Francis is scheduled to make the first trip to Iraq by a Catholic pope from March 5-8, visiting Baghdad and four historic sites.
“I have heard there are opponents to the visit of the Pope to our beloved Iraq. I say the openness to religions is desirable and this visit is welcome,” Mr Al Sadr said in a tweet.
“Our hearts, before our doors, are open to him,” he said, referring to himself as “the advocate for unity among religions”.
Mr Al Sadr has millions of followers in Iraq.
Pope Francis is expected to visit the capital, Baghdad, the Plain of Ur, Mosul, Erbil and Najaf where he will meet with Grand Ayatollah Ali Al Sistani, Iraq's most senior Shiite cleric.
The pope is scheduled to sign a document on Human Fraternity for World Peace and Living Together with Ayatollah Al Sistani.
“Al Najaf Al Ashraf is the capital of religions and so he is welcomed as a peace lover,” Mr Al Sadr said.
After going to Najaf, Pope Francis will host an inter-faith meeting on the same day in the ancient city of Ur, the birthplace of Abraham, the prophet who is common to Muslim, Christians and Jews.
Pope Francis’ last full day in Iraq will take him to the northern Kurdish region, from where he will visit the city of Mosul and Qaraqosh, the largest Christian town in Iraq where the population fled when ISIS arrived in 2014.
He will hold a prayer service for those who lost their lives when the extremist militants took over the region and during the battle to drive them out.
Many of Mosul’s churches were destroyed by ISIS fighters and air strikes during the war.
The UAE is sponsoring the restoration of Al Tahera church and Al Saa’a monastery that were severely damaged in the conflict.
The UAE project in Mosul was launched in 2018 with the restoration of the 12th-century Al Nuri Mosque before being expanded to the nearby church and other buildings.
Killing of Qassem Suleimani
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
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UAE currency: the story behind the money in your pockets
Dubai World Cup Carnival card:
6.30pm: Handicap (Turf) | US$175,000 | 2,410 metres
7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) | $100,000 | 1,400m
7.40pm: Handicap (T) | $145,000 | 1,000m
8.15pm: Dubawi Stakes Group 3 (D) | $200,000 | 1,200m
8.50pm: Singspiel Stakes Group 3 (T) | $200,000 | 1,800m
9.25pm: Handicap (T) | $175,000 | 1,400m
The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
