Michael Karam: US-based Lebanese businesses will overcome Trump


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I’ll say one thing for the new and divisive US president, Donald Trump: he doesn’t waste any time. In his first week in office he signed about 20 different executive actions. He tore down the healthcare law; renegotiated trade deals and, in what was without doubt his most inflammatory act to date, barred refugees and citizens from seven terror-prone countries from entering the US. The ban extended to those citizens who have dual nationalities but were nonetheless born in those countries.

Lebanon wasn’t flagged but Iraq, Iran, Syria, Sudan, Somalia, Libya and Yemen were. The Lebanese, however, especially those from the business community who willed Trump to victory, must surely realise they have been very short-sighted in their support. It was a case of “the enemy of my enemy is my friend” and the enemy this time around was the Democratic candidate, the scandal-plagued Hillary Clinton.

Many Lebanese and Syrians looked to Mr Trump as a welcome antidote to Mrs Clinton, who they saw as continuing a pro-Israeli policy. The Donald, on the other hand, they reasoned, was simply looking to make America great again and this signalled a more isolationist, less interfering policy. Now it seems that the relationship between the Washington and Tel Aviv is likely to reach unparalleled levels of intimacy, especially if the US embassy is relocated to Jerusalem. After that, all bets are off.

The Lebanese have fallen for unconventional and unpredictable demagogues before (president Michel Aoun being the prime example); they lapped up the “Crooked Hillary” conspiracy theories and above all they felt they could trust a businessman whose hands were not soiled by international politics. He was a dealmaker, and they thought they understood his world. After all, the Lebanese are the last people to blame someone for wanting to turn a profit.

They also may have breathed a sigh of relief at having dodged this particular bullet, but it doesn’t mean there won’t be extra scrutiny at US borders – especially for Lebanese Muslims or those Christians with Arab names. And there is always the chance that Lebanon will be added to the list, especially if tensions with Iran escalate and Hizbollah comes into the Trump crosshairs. Many will fear that with heightened tensions over the Muslim terror threat and a sense of alienation in a country they call home, the current climate may signal the end for many Lebanese who live, work and own businesses in the US and who, crucially, send back remittances to Lebanon.

What will happen in huge Arab communities such as those in Dearborn, Michigan, which is also home to Iraqis, Syrians, Palestinians and Somalis? How many of those, like my sister-in-law, voted for Mr Trump because they saw Hillary as a Zionist pawn and now feel very silly? And now what of the Syrian Christians, in many cases the backbone of what is left of the Syrian economy? They will feel cheated by the man they embraced as a natural ally of the Russian president Vladimir Putin, who was helping the Assad regime fight ISIS.

But in this spontaneous era of extreme vetting, it won't hurt to end with a bit of levity. On Saturday, for no particular reason other than a burst of childhood nostalgia, I was leafing through a copy of Asterix the Gladiator in which there appears the wonderful Ekonomikrisis, the rotund and oily Phoenician trader who serves as the supreme symbol of the Roman Empire's free market. Ekonomikrisis, in fine Lebanese tradition, is both chairman and chief executive of his seaborne trading company, sailing, literally and metaphorically, close to the wind and possessed with a sense of spin that was millennia ahead of its time (Who else but an early Lebanese would shamelessly call the rowers on his galley his "partners"?).

Like Ekonomikrisis and the real Phoenicians, the Lebanese have been trading across oceans for millennia. It will take a lot more than a jumped-up construction mogul to dampen our spirit.

Michael Karam is a freelance writer who lives between Beirut and Brighton.

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Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

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Top New Zealand cop on policing the virtual world

New Zealand police began closer scrutiny of social media and online communities after the attacks on two mosques in March, the country's top officer said.

The killing of 51 people in Christchurch and wounding of more than 40 others shocked the world. Brenton Tarrant, a suspected white supremacist, was accused of the killings. His trial is ongoing and he denies the charges.

Mike Bush, commissioner of New Zealand Police, said officers looked closely at how they monitored social media in the wake of the tragedy to see if lessons could be learned.

“We decided that it was fit for purpose but we need to deepen it in terms of community relationships, extending them not only with the traditional community but the virtual one as well," he told The National.

"We want to get ahead of attacks like we suffered in New Zealand so we have to challenge ourselves to be better."

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Founders: Sebastian Stefan, Sebastian Morar and Claudia Pacurar

Based: Dubai, UAE

Founded: 2014

Number of employees: 36

Sector: Logistics

Raised: $2.5 million

Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

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5pm: Handicap (PA) Dh80,000 (Turf) 1,600m; Winner: Nadhra, Fabrice Veron (jockey), Eric Lemartinel (trainer)

5.30pm: Maiden (PA) Dh80,000 (T) 1,400m; Winner: AF Dars, Tadhg O’Shea, Ernst Oertel

6pm: Handicap (PA) Dh80,000 (T) 1,400m; Winner: AF Musannef, Tadhg O’Shea, Ernst Oertel

6.30pm: Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Taghzel, Malin Holmberg, Ernst Oertel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m; Winner: M’Y Yaromoon, Khalifa Al Neyadi, Jesus Rosales

7.30pm: Handicap (TB) Dh100,000 (PA) 1,400m; Winner: Hakeem, Jim Crowley, Ali Rashid Al Raihe

'Project Power'

Stars: Jamie Foxx, Joseph Gordon-Levitt, Dominique Fishback

Director: ​Henry Joost and Ariel Schulman

Rating: 3.5/5

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  • Disruption Lab and Research Centre for developing entrepreneurial skills
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Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

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6.30pm: Baniyas Group 2 (PA) Dh 97,500 (Dirt) 1,400m.

7.05pm Maiden (TB) Dh 82,500 (D) 1,200m

7.40pm Maiden (TB) Dh 82,500 (D) 1,400m

8.15pm Handicap (TB) Dh 82,500 (D) 1,400m

8.50pm Rated Conditions (TB) Dh 120,000 (D) 1,600m

9.25pm Handicap (TB) Dh 95,000 (D) 1,200m

10pm Handicap (TB) Dh 85,000 (D) 2,000m

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