Lebanon is a tale of two billionaires: the prime minister Najib Mikati and his predecessor, Saad Hariri.
Mr Mikati, 55, amassed his US$3 billion (Dh11.01bn) fortune from mobile telecoms in Africa, after selling his stake in Investcom to South Africa's MTNin June. He heads up a government that came to power in January last year, using Hizbollah's veiled threat of violence to force its way into the government palace, Grand Serail.
However, he has confounded those who initially labelled him a stooge by holding the country together, especially while Syria, whose interests the government was formed to protect, fell apart.
Mr Hariri, 42, is reputed to be worth $1.7bn and runs the family owned Saudi Oger.
The son of the slain former prime minister Rafik Hariri and the man Mr Mikati's more unsavoury colleagues helped to unseat, Mr Hariri is supposedly on the side of angels.
He was propelled from obscurity following his father's murder and now heads the Future Movement, part of the March 14 coalition that forced out Syrian hegemony and promised to unlock Lebanon's undoubted potential.
The Saudi-born Mr Hariri reportedly feels betrayed by his co-religionist (both are Sunnis, the sect that is the backbone of the nation's merchant class and the one from which the Lebanese choose their prime minister), but in the past 18 months he has done woefully little and has been shamefully absent in his role as head of the opposition.
A much-tweeted skiing accident in France in January only served to highlight his playboy image, while his extended residence in Saudi Arabia has merely stoked rumours that he is, and always was, Riyadh's man.
Last Sunday, at a Future Movement rally in Tripoli, those present were assured of Mr Hariri's "salutations, love and loyalty" but it was a hollow gesture. Mr Hariri's credibility among the wider Lebanese population is at an all-time low and a far cry from when he was at the fore of the 2005 Cedar Revolution.
Mr Mikati had it all to do. After the bloodless coup of January 2011, many saw him as an opportunist, a man with a chance to cement his name in Lebanese Sunni politics, while others reminded us of his close ties to Syria's Al Assad family.
His government did what Lebanese all expected it to do and has failed spectacularly, but while there have been multiple calls for its resignation, even its fiercest critics concede that Mr Mikati may be invited to head up a new administration, should the cabinet fold.
Not only has he been showing up to work, but he fended off pressure from both Syria and within his own cabinet to kill off the international tribunal for Lebanon, the international court created to bring Rafik Hariri's killers to justice. The prime minister has also spoken out against Syrian border violations.
He understands Lebanon's priorities. Last week, at the inauguration of the second Lebanon Economic Forum, Mr Mikati admitted that, while he had high hopes for the potential of his country's apparently substantial undersea oil and gas deposits, the nation still faced enormous challenges in "administrative and economic reforms as well as developing and rehabilitating the infrastructure".
This was supposed to be Mr Hariri's script, but the man who has resorted to Twitter to reach out to his followers has gone off message. His party is now embroiled in allegations that it is arming Syrian rebels.
Meanwhile, Mr Mikati still has to convince many Lebanese that he has no time for the more unsavoury elements in his cabinet.
Everything still to play for.
Michael Karam is a freelance writer based in Beirut.
Company%20Profile
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
COMPANY%20PROFILE
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ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
Notable salonnières of the Middle East through history
Al Khasan (Okaz, Saudi Arabia)
Tamadir bint Amr Al Harith, known simply as Al Khasan, was a poet from Najd famed for elegies, earning great renown for the eulogy of her brothers Mu’awiyah and Sakhr, both killed in tribal wars. Although not a salonnière, this prestigious 7th century poet fostered a culture of literary criticism and could be found standing in the souq of Okaz and reciting her poetry, publicly pronouncing her views and inviting others to join in the debate on scholarship. She later converted to Islam.
Maryana Marrash (Aleppo)
A poet and writer, Marrash helped revive the tradition of the salon and was an active part of the Nadha movement, or Arab Renaissance. Born to an established family in Aleppo in Ottoman Syria in 1848, Marrash was educated at missionary schools in Aleppo and Beirut at a time when many women did not receive an education. After touring Europe, she began to host salons where writers played chess and cards, competed in the art of poetry, and discussed literature and politics. An accomplished singer and canon player, music and dancing were a part of these evenings.
Princess Nazil Fadil (Cairo)
Princess Nazil Fadil gathered religious, literary and political elite together at her Cairo palace, although she stopped short of inviting women. The princess, a niece of Khedive Ismail, believed that Egypt’s situation could only be solved through education and she donated her own property to help fund the first modern Egyptian University in Cairo.
Mayy Ziyadah (Cairo)
Ziyadah was the first to entertain both men and women at her Cairo salon, founded in 1913. The writer, poet, public speaker and critic, her writing explored language, religious identity, language, nationalism and hierarchy. Born in Nazareth, Palestine, to a Lebanese father and Palestinian mother, her salon was open to different social classes and earned comparisons with souq of where Al Khansa herself once recited.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
MATCH INFO
Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)
Man of the match Harry Kane
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
The Bio
Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride
She is the eldest of 11 children, and has four brothers and six sisters.
Her dream is to meet with all of her friends online from around the world who supported her work throughout the years
Her favourite meal is pizza and stuffed vine leaves
She ams to improve her English and learn Japanese, which many animated programmes originate in
Company%20Profile
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UAE'S%20YOUNG%20GUNS
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