When Zine el Abidine Ben Ali was ousted from power in Tunisia, soon to be followed by Hosni Mubarak in Egypt, America's foes in the Middle East cried victory. The upheavals in the region would play to their advantage, they gloated, and among the loudest voices was that of Iran's president, Mahmoud Ahmadinejad. Now things are looking more complicated, as unrest ravages Libya and spreads to Syria.
One organisation in particular, Hizbollah, is warily watching developments, and not only in the Middle East. Growing sectarian polarisation in the Gulf, protests in Syria, the likely naming of Hizbollah members in the assassination of the former Lebanese prime minister Rafik Hariri, and even the difficulties faced by Shiite expatriates in Ivory Coast have all heightened anxieties in party ranks. Hizbollah has also seen its political influence inside Lebanon shaken lately, as it faces deepening Sunni hostility.
Most of Hizbollah's injuries have been self-inflicted. As the recent protests in Bahrain took on a sectarian colouring, the party's secretary general, Hassan Nasrallah, proclaimed his solidarity with the kingdom's Shiites and condemned the ruling Al Khalifa family. The upshot was to effectively jeopardise the livelihood of thousands of Lebanese, especially Shiites, working in Bahrain and the Gulf. The Bahraini authorities interrupted air links between Manama and Beirut and warned of further retaliatory measures. Now Sheikh Nasrallah must explain to his co-religionists still in the kingdom, or who have had to leave, why he dragged them into a battle that was not theirs.
Lebanese earning a living in the Gulf, Shiites above all, will be equally alarmed by the growing tension between the Gulf Cooperation Council states and Iran. Lebanon offers few economic opportunities and relies heavily on foreign remittances. There would be severe repercussions if Gulf labour markets were closed to them for political reasons. Most expatriates have no interest in being associated with Hizbollah's militancy, even less Iran's. Sheikh Nasrallah knows this, but is caught between balancing the preferences of his Lebanese followers with his allegiances to Tehran and its regional agenda.
The dramatic breakdown in the Ivory Coast was no fault of Hizbollah. However, the party may well face the backlash of whatever occurs there. The Lebanese ambassador in Abidjan was one of the few envoys to attend the January inauguration of Laurent Gbagbo, even though his alleged election victory was universally contested. As a result, Lebanese businesses appear to have been targeted by the men of Allasane Ouattara as they sought to remove Mr Gbagbo from office.
The ambassador is close to Lebanon's Shiite parliament speaker, Nabih Berri, a political ally of Hizbollah. This means Hizbollah may have to absorb the discontent, albeit indirect, of another emigrant community if the Ivory Coast's Lebanese lose everything. The party may also have to help bear the burden of assisting expatriates who return to Lebanon. Hizbollah is not poor, but it has paid out much money to its Shiite base in recent years: for reconstruction after the summer 2006 war, but also in compensation after the collapse of a Ponzi scheme by an investor whom the party had endorsed.
Hizbollah has been even more uncomfortable with the ongoing repression in Syria, which potentially threatens an Assad regime that has supported and armed the party. Not only has the Syrian revolt shattered the narrative that Arab dissatisfaction is directed solely against the United States, it has placed Hizbollah on the side of the oppressors. For a party that purportedly identifies with the deprived everywhere, this poses problems. Hizbollah's Al Manar television station has played down the Syrian regime's brutality, even as the death toll has risen.
Inside Lebanon, Hizbollah has fared little better. The prospect that party members will be indicted in the Hariri assassination has been a source of domestic discord for months. This provoked the downfall of Saad Hariri's government when ministers affiliated with Hizbollah and its political partners resigned, after Mr Hariri refused to break with the special tribunal dealing with the case. Since then the Hizbollah-led coalition has failed to put together a new cabinet under Najib Miqati, after the party blocked Mr Hariri's return.
Not surprisingly, Lebanese Sunni-Shiite relations have worsened markedly, feeding off regional sectarian polarisation. Hizbollah has long tried to sell itself as the vanguard of a unified Arab resistance to Israel and the United States. For it now to be pigeonholed as a sectarian organisation under Iran's thumb represents an important step backward. In that context, any charge that the party contributed to the murder of a major Sunni leader like Rafik Hariri is anathema.
Hizbollah may be down, but it is hardly out. The party's leeway to combat Israel on behalf of Iran has been impeded. Sheikh Nasrallah cannot afford to impose the trauma of a new war in south Lebanon on his own community. However, an increasingly insecure Hizbollah is also potentially a dangerous one. Now is the time for the party's Lebanese rivals to consider innovative ideas for integrating Shiites into the political system. One such idea is to offer a swap - Hizbollah's weapons in exchange for more political power for the Shiites - in the framework of a broader reform effort.
Hizbollah will resist this. But the pillars of the party's power - its unquestioning, confident Shiite support, its ability to intimidate Lebanon's other communities, its regional alliances and its capacity to fight Israel - are all being put to a serious test. Hizbollah's adversaries, above all Mr Hariri, must offer the Shiites a way forward, a safety net if power shifts decisively away from the party. This can allay Shiite fears that what is lost to Hizbollah will necessarily be lost to them, and reduce the odds of a new conflict in Lebanon.
Michael Young is opinion editor of the Daily Star newspaper in Beirut and author of The Ghosts of Martyrs Square: An Eyewitness Account of Lebanon's Life Struggle
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Virtual banks explained
What is a virtual bank?
The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.
What’s the draw in Asia?
Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.
Is Hong Kong short of banks?
No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year.
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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COMPANY%20PROFILE
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
COMPANY%20PROFILE%20
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
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COMPANY%20PROFILE
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
All%20The%20Light%20We%20Cannot%20See%20
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ESteven%20Knight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMark%20Ruffalo%2C%20Hugh%20Laurie%2C%20Aria%20Mia%20Loberti%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E1%2F5%C2%A0%3C%2Fp%3E%0A
The specs
Price, base / as tested Dh1,470,000 (est)
Engine 6.9-litre twin-turbo W12
Gearbox eight-speed automatic
Power 626bhp @ 6,000rpm
Torque: 900Nm @ 1,350rpm
Fuel economy, combined 14.0L / 100km
What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY PROFILE
Name: N2 Technology
Founded: 2018
Based: Dubai, UAE
Sector: Startups
Size: 14
Funding: $1.7m from HNIs
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The 100 Best Novels in Translation
Boyd Tonkin, Galileo Press
COMPANY%20PROFILE
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INVESTMENT PLEDGES
Cartlow: $13.4m
Rabbitmart: $14m
Smileneo: $5.8m
Soum: $4m
imVentures: $100m
Plug and Play: $25m
Company%C2%A0profile
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UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
UAE currency: the story behind the money in your pockets
Results
2pm: Handicap (PA) Dh80,000 1,600m; Winner: AF Al Baher, Bernardo Pinheiro (jockey), Ernst Oertel (trainer).
2.30pm: Handicap (TB) Dh100,000 1,600m; Winner: Talento Puma, Xavier Ziani, Salem bin Ghadayer.
3pm: Handicap (TB) Dh90,000 1,950m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.
3.30pm: Jebel Ali Stakes Listed (TB) Dh500,000 1,950m; Winner: Mark Of Approval, Patrick Cosgrave, Mahmood Hussain.
4pm: Conditions (TB) Dh125,000 1,400m; Winner: Dead-heat Raakez, Jim Crowley, Nicholas Bachalard/Attribution, Xavier Ziani, Salem bin Ghadayer.
4.30pm: Jebel Ali Sprint (TB) Dh500,000 1,000m; Winner: AlKaraama, Antonio Fresu, Musabah Al Muhairi.
5pm: Handicap (TB) Dh100,000 1,200m; Winner: Wafy, Richard Mullen, Satish Seemar.
5.30pm: Handicap (TB) Dh90,000 1,400m; Winner: Cachao, Tadhg O’Shea, Satish Seemar.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
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Naga
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Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania
Verdict: 4 Stars
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
ADCC AFC Women’s Champions League Group A fixtures
October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA
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