Demonstrators hold placards in support of Nazanin Zaghari-Ratcliffe. Reuters
Demonstrators hold placards in support of Nazanin Zaghari-Ratcliffe. Reuters

Nazanin Zaghari-Ratcliffe collapses in prison for second day in a row



Nazanin Zaghari-Ratcliffe, the British-Iranian mother who was granted a three-day temporary release from a Tehran prison last week, received medical treatment at a  clinic on Wednesday after suffering a blackout for a second day in a row.

According to a former political prisoner and her family, Ms Zaghari-Ratcliffe lost consciousness following a panic attack. She is currently serving a five-year jail sentence for allegedly spying in a high-profile case that has strained British-Iranian relations since she was arrested in April 2016.

Richard Ratcliffe, who has led a high-profile campaign for his wife’s release from prison, told Sky News his wife had been suffering from headaches and had been feeling “very very down.”

She is also said to have been feeling numbness in her right arm. Ms Zaghari-Ratcliffe was taken ill a week after she was reunited with her daughter Gabriella during a three-day release that was not granted the requested extension.

Mr Ratcliffe said his wife’s condition “feels like the physical symptoms of crushing disappointment since she went back into prison.”

Ms Zaghari-Ratcliffe had been told by authorities that the request put in by her lawyer for an extension of the release had been granted, but was later notified that the permit had not been signed off.

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Read more:

Nazanin Zaghari-Ratcliffe's husband hopeful for her permanent release

Nazanin Zaghari-Ratcliffe returned to Iran jail

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The 40-year-old charity worker from Hampstead, north London, had travelled to see her family north east of Tehran when she was arrested for plotting to overthrow the Iranian regime - something she has always denied.

Mr Ratcliffe said the family is "clearly very, very worried" and added that "when I spoke to her on the phone [Monday] morning, she was devastated and it was amongst the hardest phone calls I've had with her.”

He said his wife was “gutted” to be back in jail. "They'll be trying to assess how serious they think it is but the fact that it's happened now two days in a row, and that she passed out… they'll be worried, as are we," Mr Ratcliffe said.

Foreign Secretary Jeremy Hunt tweeted Wednesday that “all our thoughts and prayers with Nazanin and her family today. Unbearable suffering to be apart from daughter with her hopes raised then dashed. We must redouble efforts to find a way to get her home.”

Mr Ratcliffe previously praised Mr Hunt, saying gave the case greater priority than his predecessor, Boris Johnson. Officials have discussed the possibility of granting diplomatic protection to Ms Zaghari-Ratcliffe to get her out.

KEY DEVELOPMENTS IN MARITIME DISPUTE

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

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Fuel consumption: 6.1L/100km

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Factfile on Garbine Muguruza:

Name: Garbine Muguruza (ESP)

World ranking: 15 (will rise to 5 on Monday)

Date of birth: October 8, 1993

Place of birth: Caracas, Venezuela

Place of residence: Geneva, Switzerland

Height: 6ft (1.82m)

Career singles titles: 4

Grand Slam titles: 2 (French Open 2016, Wimbledon 2017)

Career prize money: $13,928,719

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.”

War and the virus
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)