Iran’s hard-line parliament approves all members of president’s Cabinet, first time since 2001

Iran’s hard-line parliament approves all members of president’s Cabinet, first time since 2001
Iranian President Masoud Pezeshkian speaks during the debate on his proposed ministers at an open session of parliament, in Tehran, Iran, Wednesday, Aug. 21, 2024. Iran’s hard-line parliament on Wednesday approved all members of reformist President Masoud Pezeshkian’s Cabinet, the first time in over two decades a leader has been able to get all of his officials through the body. (AP)
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Updated 22 August 2024
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Iran’s hard-line parliament approves all members of president’s Cabinet, first time since 2001

Iran’s hard-line parliament approves all members of president’s Cabinet, first time since 2001

TEHRAN: Iran’s hard-line parliament on Wednesday approved all members of reformist President Masoud Pezeshkian’s Cabinet, the first time in over two decades a leader has been able to get all of his officials through the body.
The approval marks an early win for Pezeshkian, a longtime lawmaker who found himself catapulted into the presidency after a helicopter crash in May killed his hard-line predecessor.
Getting his officials approved shows Pezeshkian picked a Cabinet of consensus with names palatable to all of the power centers within Iran’s theocracy, as opposed to going for controversial choices as well.
Underlining that point, Pezeshkian immediately posted an image online with him standing next to Iran’s judiciary chief, a Shiite cleric, and the country’s parliament speaker, a hard-liner he once faced in the election.
“Consensus for Iran,” he wrote in the caption.
Former Foreign Minister Mohamamad Javad Zarif, who campaigned for Pezeshkian in his election, later resigned as a vice president for the new leader over the Cabinet selections.
Among those in Pezeshkian’s new Cabinet is Abbas Araghchi, 61, a career diplomat who will be Iran’s new foreign minister.
Araghchi was a member of the Iranian negotiating team that reached a nuclear deal with world powers in 2015 that capped Tehran’s nuclear program in return for the lifting of sanctions.
In 2018, then-President Donald Trump pulled the US out of the deal and imposed more sanctions on Iran. Pezeshkian said during his presidential campaign that he would try to revive the nuclear deal.
The candidate who received the most support from lawmakers was the country’s new defense minister, Aziz Nasirzadeh, who received 281 votes out of 288 present lawmakers. The chamber has 290 seats.
Nasirzadeh was chief of the Iranian air force from 2018 to 2021.
Health Minister Mohammad Reza Zafarghandi received the lowest number of votes with 163.
The only female minister proposed, Housing and Road Minister Farzaneh Sadegh, a 47-year-old architect, received 231 votes. She is the first female minister in Iran in more than a decade.
The parliament also approved Pezeshkian’s proposed Intelligence Minister Ismail Khatib, as well as Justice Minister Amin Hossein Rahimi, both of whom served under the late President Ebrahim Raisi. Pezeshkian also put Raisi’s minister of industries, Abbas Aliabadi, in the post of energy minister.
Dropping proposed ministers has been a tradition in Iran’s parliament, making Pezeshkian’s success that much more striking. Former reformist President Mohammad Khatami was the only president who received vote of confidence for all of his proposed ministers in both 1997 and 2001.


Nujuma, a Ritz-Carlton Reserve — a great escape 

Nujuma, a Ritz-Carlton Reserve — a great escape 
Updated 1 min 38 sec ago
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Nujuma, a Ritz-Carlton Reserve — a great escape 

Nujuma, a Ritz-Carlton Reserve — a great escape 
  • The island-based Red Sea resort offers the chance for both relaxation and adventure 

RED SEA: The latest offering from Saudi Arabia’s Red Sea Global Project — Nujuma, a Ritz-Carlton Reserve — is situated off the Kingdom’s west coast in the relatively untouched Ummahat Islands. It offers guests the opportunity to immerse themselves in Saudi Arabia’s nature, culture and cuisine. 

Red Sea International Airport — situated where the expansive desert meets the cerulean coast — is fairly small. It took around five minutes from the plane stopping to being ushered out of the airport, luggage in hand, which has to be some kind of record. 

The deck of an overwater villa. (Supplied)

It's a further 15-to-20-minute drive to the Red Sea arrival center, from which you take a boat transfer — or, if the weather is suitable, a seaplane — to Nujuma. 

We found ourselves there on an extremely windy day, so the 40-minute boat ride was a bit of an adventure, featuring a white-knuckled woman fighting for her life to stay put in her seat (yours truly) and a captain who kept looking back, big smiles and all, to flash a reassuring thumbs up every now and then, all while ever-increasing waves crashed against the boat. It could have all been a bit much, but the sight of the captain's assistant nonchalantly watching YouTube videos in the seat in front of me put my hyperbolic fears to rest.  

The bumpy ride proved well worth it when I arrived at Nujuma (Arabic for stars), and was promptly whisked to my over-water villa, offering unobstructed views of endless blue waters and the approaching sunset. There are 63 villas in total, both over-water and on the beach, and each shell-inspired domed structure comes with a private pool and offers complete privacy while simultaneously giving full access to the views with floor-to-ceiling windows in all rooms, as well as a telescope to stargaze at the light-pollution-free night sky. 

The first thing that will strike you about Nujuma is a true feeling of otherworldliness. Courting a high-end clientele, Nujuma seems like the perfect getaway for a celebrity looking for a discreet holiday or a honeymooning couple wanting some privacy. 

Each villa also has a personal host to handle all guest requests. The service of Jeddah-born Omar, who was assigned to my room, was exceptional and he was enthusiastic and knowledgeable about both the Kingdom and the Red Sea. 

When it comes to dining, Nujuma provides four excellent options. Sita, the all-day restaurant, was my favorite, combining the delicacies of a French patisserie with a Levantine eatery. The shakshuka and the chocolate pain perdu with a side of fresh berries remain standouts. If the weather is fine, I’d recommend enjoying your meal outdoors under the arched woven-wood ceiling.

A shot of Sita. (Supplied)

The seafood outpost Tabrah (Arabic for “luckiest catch”) is a charming villa-style restaurant where you can sample everything from the catch of the day to lobster to a seafood paella that will have you asking for a second helping. 

The alfresco Jamaa is the beach-side lounge offering light eats and incomparable sunset views, as you sit close to the outdoor pool and cabanas. 

Just indoors is Maia, a cozy “bar” with a roof dotted with twinkling constellations, and bartenders ready to whip up any mocktail you can think of. 

But for those looking for more than just food, drink and great views, Nujuma offers an array of activities, especially for those who’d like to learn more about the Kingdom. The Conservation House, for example, is dedicated to the culture and history of Saudi Arabia, and the resident historian is available for a chat with anyone who so desires. 

There’s also Sean Laughlin, a naturalist who gives talks on the ecology and marine life of the Red Sea, and who accompanied me on my very first snorkeling trip. The clearer-than-crystal waters give breathtaking views of the area’s coral reef system, the fourth largest in the world. 

Guests can also enjoy other outdoor activities like sailing, kayaking, paddleboarding and guided tours of the mangroves. 

On my last night at Nujuma, I also had the pleasure of talking to the charming house stargazer, Saudi astrophysicist Habib Bafeil, who, wielding his laser pen with the panache of Indiana Jones handling his whip, pointed out the constellations in the sky as he told stories of the pre-Islamic Arabs who navigated the deserts using the stars alone. Families travelling with children especially will love this particular activity, which will spark their curiosity in science and the world around us. 

All in all, Nujuma offers a getaway like no other. 


At least 1000 people evacuated as flooding hits northern Italy

At least 1000 people evacuated as flooding hits northern Italy
Updated 1 min 57 sec ago
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At least 1000 people evacuated as flooding hits northern Italy

At least 1000 people evacuated as flooding hits northern Italy
  • Rivers flooded in three of the region’s provinces — Ravenna, Bologna and Faenza — as local mayors asked people to stay on upper floors

ROME: About a thousand residents were evacuated in the northern Italian region of Emilia-Romagna after it was hit by torrential rains and severe flooding overnight, local media reported Thursday.
Rivers flooded in three of the region’s provinces — Ravenna, Bologna and Faenza — as local mayors asked people to stay on upper floors or leave their houses.
At least 800 residents in the Ravenna area and almost 200 in Bologna province spent the night in shelters, schools and sports centers as local rivers overflowed.
Trains were suspended and schools closed across the affected areas, and residents have been advised to avoid travel and work from home where possible.
The Faenza area was just recovering from the devastating floods that hit Emilia-Romagna in May 2023, claiming 17 lives and causing billions of euros in damages.
“The night was dramatic, we waited for the river flood to cross the city,” Faenza mayor Massimo Isola told state TV Rainews. “It rose really close to the limit, but thanks to the works done over the past year we managed to avoid an overflow in the center of the city.”
Several Central and Eastern European nations have been plagued by severe flooding in recent days, including Austria, the Czech Republic, Poland and Romania, with the death toll rising over 20 people across the region.


Saudi Central Bank lowers benchmark rate by 50 bps, following US Fed decision  

Saudi Central Bank lowers benchmark rate by 50 bps, following US Fed decision  
Updated 10 min 47 sec ago
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Saudi Central Bank lowers benchmark rate by 50 bps, following US Fed decision  

Saudi Central Bank lowers benchmark rate by 50 bps, following US Fed decision  

RIYADH: Saudi Arabia’s benchmark interest rate, held at 6 percent since July last year, has been lowered to 5.5 percent following a 50-basis-point cut announced by the Kingdom’s central bank.

This move aligns with the US Federal Reserve’s recent policy shift, which lowered interest rates by the same amount on Wednesday to a target range of 4.75-5 percent. It marks a shift in monetary policy after two years of rate hikes aimed at curbing inflation. 

Gulf Cooperation Council central banks, including Saudi Arabia, followed suit as their currencies are pegged to the US dollar. 

Lower interest rates are expected to relieve pressure on businesses and households with existing loan facilities, boosting domestic spending and improving corporate cash flow.

In a statement the central bank, also known as SAMA, said: “In line with its objective of preserving monetary stability, SAMA has decided to reduce the rate of Repurchase Agreement by 50 basis points to 5.50 percent, and the rate of Reverse Repurchase Agreement by 50 basis points to 5 percent.” 

This is the first rate cut in over four years, reflecting progress on inflation and a reassessment of economic risks.   

The policy shift could rejuvenate corporate activities and lending, particularly in the real estate sector, which has already seen substantial growth in Saudi Arabia.   

As global economic conditions change, GCC countries could leverage their resources and capital to drive internal growth.  

With lower borrowing costs, there is potential for investment in infrastructure, technology, and innovation — areas critical to the long-term diversification goals under Saudi Vision 2030.     

This initiative aims to reduce the region’s dependence on oil revenues while strengthening Saudi Arabia’s position as a hub for innovation and sustainable development.   

Lower rates are expected to have a significant impact on corporate lending. Saudi businesses, especially those in capital-intensive sectors like real estate, construction, and infrastructure, stand to benefit from cheaper credit, enabling more aggressive expansion and investment.  

This is crucial as the Kingdom continues to invest in large-scale projects such as NEOM, the Red Sea Project, and other key initiatives under Vision 2030.  

For Saudi banks, the rate cut presents both opportunities and challenges. Lower rates typically encourage more borrowing, potentially driving growth in lending portfolios, particularly in the real estate sector, where demand for housing has surged, fueled by a young population and urbanization trends.  

The sector could receive a further boost as lower interest rates make mortgages and property financing more affordable for consumers. 

While a rate cut can stimulate lending, it also compresses profit margins banks earn from loans. According to recent SAMA data, banks posted record-high profits of SR7.83 billion ($2.1 billion) in July, a 23 percent increase year on year.     

GCC rate decision 

Following the US Federal Reserve’s decision on Sept. 18, central banks in the UAE and Bahrain also lowered their interest rates by 50 basis points. 

Qatar took a slightly different approach, cutting its deposit, lending, and repo rates by 55 basis points.     

Meanwhile, Kuwait, which pegs its currency to a basket rather than solely to the US dollar, opted for a more modest reduction, trimming its discount rate by 25 basis points. 

These coordinated moves reflect the GCC's alignment with global monetary trends while balancing local economic considerations.    

Gulf countries generally did not require high interest rates compared to the US due to relatively stable inflation rates, often at or below 2 percent.    

As the US Federal Reserve begins its rate-cutting cycle, many economists view this as beneficial for the Gulf region.  

Lower rates in the US can help ease funding pressures, particularly as the region faces a weaker oil-price outlook.

Reduced interest rates in the Gulf can support investment programs and alleviate financial strains from lower oil revenues, aiding in managing economic development and infrastructure projects.   


Best and Worst: Tamaraah Al-Gabaani talks style moments, fashion trends, and good and bad advice

Best and Worst: Tamaraah Al-Gabaani talks style moments, fashion trends, and good and bad advice
Updated 12 min 35 sec ago
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Best and Worst: Tamaraah Al-Gabaani talks style moments, fashion trends, and good and bad advice

Best and Worst: Tamaraah Al-Gabaani talks style moments, fashion trends, and good and bad advice

DUBAI: Saudi Arabia-based fashion influencer Tamaraah Al-Gabbani talks style moments, fashion trends, and good and bad advice.  

Best TV show or film you’ve ever seen?    

My favorite show is “This is Us.” I loved it. It was a very realistic depiction of a modern family. I do not think I have ever cried so much as I have watching that show. I also felt really connected to all the characters and, over time, you become very attached to them and the outcome. I highly recommend it.  

My favorite movie is probably “The Usual Suspects.” It’s the only movie I’ve ever watched that completely threw me off regarding the end. It’s very intelligently put together. I really love that. And then I also love the whole “Game of Thrones,” “House of the Dragon,” “Lord of the Rings,” series and movies.  

Worst TV show or film you’ve ever seen?   

Any horror thing. I can’t watch it. I can’t watch anything negative in general. 

Best personal style moment so far?    

My Atlantis The Royal opening looks. I did a few. The red-carpet look was one of my favorite ever. Also, this year’s Dubai World Cup look was actually covered by CNN. So those are probably my favorite style moments.   

Worst personal style moment?    

Oh, let’s not even go there. I have so many. It is so embarrassing.  

Best accessory for a little black dress?    

Red lipstick.  

Worst accessory for a little black dress?    

It’s very hard to say. Almost anything goes with a little black dress. You can’t really go wrong.  

Best fashion trend of 2024?    

I am in love with socks, tights and stockings of all colors and styles. I’m having so much fun styling them this year.  

Worst fashion trend of 2024?    

Elevated activewear. Like, wearing your yoga outfit with a pair of heels. As creative as I am, and as much as I like to break boundaries, I just can’t seem to like this trend.  

Best advice you’ve ever been given?   

‘Be a blessing.’ During COVID-19, I did a lot of Tony Robbins courses. They were life -changing. This is one of the mission statements he lives by. I found it so inspiring; it really resonated with me. I want to leave this life knowing that I did my best.  

Worst advice you’ve ever been given? 

That I shouldn’t work in fashion and that fashion isn’t for me.  

Best thing to do when you’re feeling low?    

Move your body. That came from a Tony Robbins course. He said whenever you’re not feeling good, move your body. And since I started doing that, I’ve been able to regulate my emotions much better.  

Worst thing to do when you’re feeling good?    

Be around negative people, or people that complain or gossip about other people.  

Best holiday destination?    

I love winter holiday destinations. So, snow and skiing. Like Courchevel 1850 in France, for example.  

Worst holiday destination?    

I’m not really a beach person, so it would be an island holiday where there’s nothing to do but lay on a beach. I like to move. 

Best thing to do to ensure you have a productive day?   

Get up early, get some sunlight and move my body. I usually wake up between 6:30 a.m. and 7:30 a.m. and then I go to ballet, which I do about five times a week first thing in the morning.  

Worst thing to do when you’re trying to have a productive day?    

Be sedentary. Do not sit still if you’re trying to be productive. 

Best concert you’ve ever been to?   

The best concert I have ever been to would be Guns N’ Roses. I went backstage to meet Axl Rose afterwards. It was like a high point in life, and I went with my best friend at the time, and it was her dream. So, I did everything to make it come true. And obviously her happiness made me happy, and it’s an amazing memory that we have together. Another great concert was Prince at Yas Island in Abu Dhabi.  

Worst concert you’ve ever been to? 

I don’t think I’ve ever been to a bad concert. 


Hezbollah says 20 members dead, hours after walkie-talkie blasts

Hezbollah says 20 members dead, hours after walkie-talkie blasts
Updated 31 min 45 sec ago
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Hezbollah says 20 members dead, hours after walkie-talkie blasts

Hezbollah says 20 members dead, hours after walkie-talkie blasts
  • Hezbollah chief Hassan Nasrallah is due to give his first televised speech since the attacks on Thursday afternoon

Beirut: Lebanon’s Hezbollah group said 20 of its members were killed, with a source close to the group telling AFP on Thursday that they had died in walkie-talkie blasts blamed on Israel the day before.
The group sent separate death notices for each member from Wednesday evening to Thursday morning, saying they had been killed “on the road to Jerusalem” — the phrase used by Hezbollah to refer to fighters killed by Israel.
“The 20 Hezbollah members were killed by walkie-talkie explosions” across Lebanon on Wednesday, the source told AFP, requesting anonymity to discuss sensitive matters.
Earlier Wednesday, the health ministry said the second wave of explosions of electronic devices in Hezbollah strongholds in Lebanon killed 20 people and left more than 450 people wounded.
Wednesday’s blasts came a day after the simultaneous detonation of pagers used by Hezbollah killed 12 people, including two children, and wounded up to 2,800 others across Lebanon, in an unprecedented attack blamed on Israel.
Israel did not comment on the incidents.
Hezbollah chief Hassan Nasrallah is due to give his first televised speech since the attacks on Thursday afternoon.