There are those in Lebanon who thought that the new cabinet – finally formed two weeks ago after 11 months of waiting – would put an end, or at least limit, the acts of terrorism that have swept the country in recent months. But instead it shows Lebanon’s crisis runs too deep and is closely linked to the Syrian crisis.
Hence, it would be inconceivable to look at the factors that will be involved in the solution for Lebanon separately from the ongoing events in Syria, suggested the columnist Khalil Hassan in the Sharjah-based daily Al Khaleej.
It has long been expected that the war in Syria would spill over the border into Lebanon and it did, in the form of car bombs that started during the first days of Al Qusair battle.
Soon after, the situation escalated with the opening of the Qalamoun front and as the Geneva negotiations ended in a gridlock.
In the meantime, other world events have directly and indirectly affected events in Syria and consequently in Lebanon. Hostility between Russia and the US is running high in Ukraine, Egypt and elsewhere.
The Iran and P5+1 talks also seem to have taken a new turn as the issue of Iran’s ballistic missiles came into play, making it seem like a restructuring and a reshuffling of the cards is being carried out in the region.
“The Syrian crisis and its related sub-issues, including the Lebanese crisis, is undergoing a restructuring process too these days,” the writer said.
A third Geneva conference is needed and it looks as if the South Syrian and Lebanese fronts will have an essential role in the next phase of negotiations.
“This entails additional political and security burdens on Lebanon, which translates at present into additional pressure via car bombs in various regions,” he added.
“Lebanon was purposely and directly thrown into the cauldron of terrorism in anticipation of changes that may affect its current political system. Acts of terrorism on the Lebanese scene have a function as they help in forging the new regional order that has yet to materialise,” he suggested.
In the 1980s, at the time of major regional and international shifts, Lebanon was subjected to internal warring that was orchestrated outside its borders to serve foreign interests. Today, once again, Lebanon finds itself in the same situation.
“Once could say that Lebanon’s destiny, even before its real birth date in 1920, is closely tied to power balances and settlements in the region and in the world. It is prone to change swiftly at any junction,” the writer added.
Until the shape of the new order in the region is clearly defined, Lebanon will have to gear up for a wave of arbitrary violence and terrorist attacks.
No change, but still plenty of firsts for Algerian elections
Three years after the Arab people rose up against their tyrants, while Ukrainians and Venezuelans are revolting against their governments and at a time when Italy’s new prime minister is in his 30s, Algeria’s 77-year-old president – partially paralysed and practically absent from public life for two years – has announced he will run for a fourth term, remarked Taoufik Rabbahi in the London-based newspaper Al Quds Al Arabi.
Despite reports about change in Algeria, the announcement came as no surprise to people with knowledge of the country’s upper echelons. They knew that the announcement would be made either by the president himself or by the powers that be on his behalf.
Despite this, the elections due to be held in April will involve several firsts: a president who will run for another term while he is absent due to a force majeure and his candidacy is made by proxy; a president running without the approval of the intelligence service, and with divisions about his presidency echoing through the corridors of power.
While another El Sisi emerging in Algeria will not be hopeful news, the future relies on Algeria’s independent elite, at home and abroad – the intelligentsia, the artists and the labour unions, whose hands have not been stained with dirty politics, must ignore their ideological differences and fight for change in Algeria, the writer said.
Parsing Saudi’s stand on the Syrian conflict
The Syrian crisis could lead any observer to lose their sanity, wrote columnist Mashari Al Thiyadi in Asharq El Awsat.
Barrel bombs are the latest invention devised by Bashar Al Assad’s regime, the Revolutionary Guard and Hizbollah – criminals who decided to kill children and entire families with sarin gas and to create images of hell on Earth. All this has turned the situation into a global tragedy.
Saudi Arabia continues to advocate a peaceful solution, and it only cut ties with the Assad regime until several months into the uprising, at a time when Mr Al Assad showed he was ready to create a bloodbath and to make the conflict a sectarian one.
Saudi Arabia knew its security would be affected if Syria turned into a magnet for extremists and Islamists, and was among the first to stand with the Syrian people, against the regime, Iran’s intentions for Syria and against Al Qaeda and its factions.
Saudi officials believe the Isil and Al Qaeda members now fighting in Syria are part of a greater plan to target Saudi Arabia, stressed Al Thiyadi.
Saudi Arabia faces the same enemies both within its borders and in Syria. The kingdom’s humanitarian and political motives lead it to fight against both, taking a stand with the Syrian people, the writer concluded.
Translation@thenational.ae
The%20specs
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UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km
Multitasking pays off for money goals
Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
"By putting off saving for the future, you are really inhibiting yourself from benefiting from that wonderful magic," says Kimberly Zimmerman Rand , an accredited financial counsellor and principal at Dragonfly Financial Solutions in Boston. "If you can start saving today ... you are going to have a lot more five years from now than if you decide to pay off debt for three years and start saving in year four."
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Try out the test yourself
Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer
Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer
Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer
The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania.
Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press
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Scores in brief:
Day 1
New Zealand (1st innings) 153 all out (66.3 overs) - Williamson 63, Nicholls 28, Yasir 3-54, Haris 2-11, Abbas 2-13, Hasan 2-38
Pakistan (1st innings) 59-2 (23 overs)
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Barbie
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THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5