A picture of the late President Ebrahim Raisi is seen on a street in Tehran on Monday. The full impact of his sudden death, along with that of other senior Iranian political figures in a helicopter crash, will only be understood days or months from now. Reuters
A picture of the late President Ebrahim Raisi is seen on a street in Tehran on Monday. The full impact of his sudden death, along with that of other senior Iranian political figures in a helicopter crash, will only be understood days or months from now. Reuters
A picture of the late President Ebrahim Raisi is seen on a street in Tehran on Monday. The full impact of his sudden death, along with that of other senior Iranian political figures in a helicopter crash, will only be understood days or months from now. Reuters
A picture of the late President Ebrahim Raisi is seen on a street in Tehran on Monday. The full impact of his sudden death, along with that of other senior Iranian political figures in a helicopter cr


Iran's loss is a turning point for the Middle East


  • English
  • Arabic

May 21, 2024

When reports emerged on Sunday afternoon that a helicopter carrying Iranian President Ebrahim Raisi, Foreign Minister Hossein Amirabdollahian and other Iranian figures made a “hard landing” due to heavy fog while travelling from Azerbaijan to the north-western city of Tabriz, many were understandably concerned about the fate of those on board. Sadly, the worst-case scenario has come to pass.

For any country to lose its president and foreign minister in a single incident would be a major blow. When that country is as consequential for the Middle East as Iran, such a loss is an abrupt and unforeseen injection of further uncertainty in a region that is already in the grip of considerable turmoil.

Offers to help find Mr Raisi and his companions came swiftly from many Arab countries as well as Russia, Turkey and China. The EU offered its Copernicus rapid response satellite mapping service to help find the crash site. When news of Mr Raisi’s death was confirmed, condolences followed swiftly.

President Sheikh Mohamed extended his sympathies to the Iranian government and people, and said the UAE stands in solidarity. Indian Prime Minister Narendra Modi said he was “deeply saddened and shocked by the tragic demise” of Mr Raisi. The leaders of Qatar and Iraq also expressed their condolences, as did Russian Foreign Minister Sergey Lavrov, who described Mr Raisi and Mr Amirabdollahian as “true and reliable friends of our country”.

Personal relationships are important in international diplomacy, and many leading figures will have had experience of dealing with Mr Raisi and Mr Amirabdollahian on a one-to-one basis. Those relationships have been abruptly cut short.

Nevertheless, Iran, despite foreign and domestic challenges, has clear mechanisms in place for Mr Raisi’s succession; Vice President Mohammad Mokhber has been announced as interim president, providing a measure of continuity. Still, uncertainty looms: an election for a new president must be arranged within 50 days. Elections held in Iran earlier this year amid deep social polarisation saw a record low turnout despite calls from the country’s leadership for citizens to have their say. This is nothing to say of the jockeying for power and influence that will take place among the country’s various factions in the weeks and months ahead.

The full impact of these sudden deaths in north-western Iran will only be understood days or months from now. What is certain, however, is that they will be consequential in critical diplomatic and economic issues, such as Iran’s involvement in international talks regarding its nuclear programme. It is a measure of Iran’s strategic importance that those who value stability in the Middle East will be watching closely to see what happens next.

UAE currency: the story behind the money in your pockets
The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

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%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

Tentative schedule of 2017/18 Ashes series

1st Test November 23-27, The Gabba, Brisbane

2nd Test December 2-6, Adelaide Oval, Adelaide

3rd Test Dcember 14-18, Waca, Perth

4th Test December 26-30, Melbourne Cricket Ground, Melbourne

5th Test January 4-8, Sydney Cricket Ground, Sydney

Results

2pm: Handicap (PA) Dh80,000 1,600m; Winner: AF Al Baher, Bernardo Pinheiro (jockey), Ernst Oertel (trainer).

2.30pm: Handicap (TB) Dh100,000 1,600m; Winner: Talento Puma, Xavier Ziani, Salem bin Ghadayer.

3pm: Handicap (TB) Dh90,000 1,950m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.30pm: Jebel Ali Stakes Listed (TB) Dh500,000 1,950m; Winner: Mark Of Approval, Patrick Cosgrave, Mahmood Hussain.

4pm: Conditions (TB) Dh125,000 1,400m; Winner: Dead-heat Raakez, Jim Crowley, Nicholas Bachalard/Attribution, Xavier Ziani, Salem bin Ghadayer.

4.30pm: Jebel Ali Sprint (TB) Dh500,000 1,000m; Winner: AlKaraama, Antonio Fresu, Musabah Al Muhairi.

5pm: Handicap (TB) Dh100,000 1,200m; Winner: Wafy, Richard Mullen, Satish Seemar.

5.30pm: Handicap (TB) Dh90,000 1,400m; Winner: Cachao, Tadhg O’Shea, Satish Seemar.

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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Updated: May 21, 2024, 3:00 AM`