Conflict after conflict, and still Lebanon never learns


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It’s hard to write anything this week without thinking about Gaza and the chronic, perhaps even terminal, condition we suffer from in this neck of the Middle East of putting an appetite for conflict before economic and social development.

I can speak first hand about what it feels like to be targeted by Israel. I was in Lebanon during the short-lived but intense conflicts of 1993, 1996 and, in particular, 2006. My wife lived through all these as well as the 1982 invasion, and most of the civil war.

The 2006 war, a month-long gutter fight that Hizbollah claimed to have won, cost Lebanon more than 1,000 dead, 1 million displaced and US$5 billion, roughly 12 per cent of GDP, in material damages.

Of course in the summer of 1982, it was worse. More than 19,000 Lebanese, mostly civilians, died during Israel’s four-month operation to get rid of the Palestinian Liberation Organization (PLO). Financially, the cost was $2bn – quite an amount back then – in infrastructure with 40,000 homes and 85 per cent of schools destroyed.

In both conflicts, the fighting was provoked by parties that put their own agendas before the national good, and I fear that, for all its principles and martial fervour, and the fact that right is on its side, Hamas’s defiance will only lead to more death and destruction. Lebanon is liberal, wealthier and arguably more democratic than its Palestinian neighbours, but we are still in the grip of a seven-decade obsession with the Zionist state. This has resulted in important development initiatives being ignored and created deep rifts within Lebanese society, rifts that, in the continued absence of fully functioning basic services and a non-existent national economic strategy, are destined to only get deeper.

This sorry state of affairs was highlighted last week when someone in the Lebanese government blurted out to the media that it was considering buying water from Turkey to make up for the disastrous shortfall we are experiencing this year.

Those five words again: “make up the shortfall” and “Turkey”. Was it not the Turkish company Karadeniz Holding that the Lebanese state contracted to supply extra electricity to make up the “shortfall” in a deal said to be worth $370 million over three years”?

Anyway, our joy at the news that we’d be getting Turkish water was short-lived. The next day the deputy prime minister, Samir Moqbel told the media that, instead of buying water from the Turks, plans were being drafted to dig for new wells, while in the medium to long-term plans would be drawn up to create extra dams and lakes.

Someone must have sent him a memo reminding him of the numerous water studies gathering dust in various government offices. Indeed, only last February, the Civic Influence Hub, an NGO, unveiled its Blue Gold for Lebanon initiative, one that would create a privatised water company as well as lobby for new legislation to properly husband our considerable water resources. Blue Gold assured us that Lebanon could have a 500 million m3 surplus by 2020, rising to a 1 billion m3 surplus by 2030.

But the trouble with Lebanon, which puts partisan and sectarian self-interest before the basic requirements of state management, is that there is never any institutional “grip”. The latest deadline for 24-hour power is 2015, but that was before the population grew by 45 per cent in one year. In any case, nothing will ever happen, because there never is any genuine will. Instead we are left with a quick fix/quick please policy of spending rather than investing.

In 2006, the world called for a ceasefire in Lebanon just as they are calling for a ceasefire now in Gaza. When the guns eventually fell silent and we surveyed the rubble, Hizbollah’s Hassan Nasrallah, in what was admittedly a stunning bit of PR, claimed a “Divine Victory”.

Great. But exactly eight years later, we still have no electricity. If that was a victory, I would hate to be around for a defeat.

Michael Karam is a freelance writer based in Lebanon

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

MATCH INFO

Azerbaijan 0

Wales 2 (Moore 10', Wilson 34')

RESULT

Arsenal 1 Chelsea 2
Arsenal:
Aubameyang (13')
Chelsea: Jorginho (83'), Abraham (87') 

MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Winners

Best Men's Player of the Year: Kylian Mbappe (PSG)

Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)

TikTok Fans’ Player of the Year: Robert Lewandowski

Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)

Best Women's Player of the Year: Alexia Putellas (Barcelona)

Best Men's Club of the Year: Chelsea

Best Women's Club of the Year: Barcelona

Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)

Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)

Best Coach of the Year: Roberto Mancini (Italy)

Best National Team of the Year: Italy 

Best Agent of the Year: Federico Pastorello

Best Sporting Director of the Year: Txiki Begiristain (Manchester City)

Player Career Award: Ronaldinho

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  • Individuals must register on UAE Drone app or website using their UAE Pass
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  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
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  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

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Engine: 3.0-litre twin-turbo flat-six

Power: 480hp at 6,500rpm

Torque: 570Nm from 2,300-5,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 10.4L/100km

Price: from Dh547,600

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5.30pm: Maiden (PA) Dh80,000 (T) 1,600m, Winner: Hisham Al Khalediah II, Fernando Jara, Mohamed Daggash.

6pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: Qader, Adrie de Vries, Jean de Roualle

6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 (T) 1,600m, Winner: Mujeeb, Fabrice Veron, Eric Lemartinel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,600m, Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

7.30pm: Handicap (TB) Dh90,000 (T) 1,600m, Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly

8pm: Handicap (TB) Dh100,000 (T) 1,400m, Winner: Nayslayer, Bernardo Pinheiro, Jaber Ramadhan