The investigation into the killing in February of prominent Lebanese intellectual and Hezbollah critic Lokman Slim will start again later this month after a five-month break, a high-ranking judicial source told The National.
Beirut First Investigative Judge Charbel Abou Samra is expected to hear plaintiffs’ claims on October 21, said the source.
Under Lebanon's system, an investigative judge carries out pretrial inquiries into allegations of crime and in some cases makes a recommendation for prosecution.
No accused party will be present because no one has claimed responsibility for the assassination of Slim, 58, who was found shot dead in his car on February 4 in south Lebanon on the side of a busy motorway near Saida city.
“We have been waiting for this the whole summer,” said Slim’s widow Monika Borgmann. “Things are moving forward.”
Neither the family nor their lawyer Moussa Khoury had been officially notified of the hearing at the time of writing, but the judicial source said that this should take place on Monday.
Lebanon has been suffering for the past two years from a crippling economic crisis the has caused the near-collapse of public services, including the state power utility.
Legal proceedings are delayed.
The investigation was put on hold after being transferred from Saida city, to Mr Abou Samra in Beirut in June, at the request of state prosecutor Ghassan Oueidat.
Mr Abou Samra had a choice between taking over the investigation himself or handing it over to another judge.
A lawyers’ strike and a two-month judicial holiday, which happens annually, were major factors in the five-month interruption in the probe.
Mr Khoury said that such transfers of an investigation may take place when a judge believes that public safety is at risk. This could include protests or public displays of anger triggered by controversial cases.
Hezbollah, which Slim’s family believes is responsible for his death, has a strong influence in south Lebanon. Legal experts previously told The National that the first judge to work on Slim’s death, Rahif Ramadan, was close to Hezbollah’s political ally the Amal Movement. Mr Ramadan denies this.
Information gathered by Mr Ramadan has been transferred to Mr Abou Samra, who can also work with documents provided by Slim’s family and ask for assistance from the local police or another judge, said the judicial source.
Hezbollah, which also has a powerful national and regional militia, has repeatedly rejected accusations that it is linked to Slim’s killing.
Yet a report recently published by Lebanese media watchdog Skeyes shows that high-profile pro-Hezbollah journalists led a Twitter campaign to vilify Slim shortly after his death. They both denigrated Slim as an irrelevant commentator and accused him of collaborating with the US and Hezbollah’s arch-enemy Israel.
Slim, who co-ran a local NGO with his wife, had been receiving death threats for more than a decade. In December 2019, after threats were placarded directly on his home’s walls, Slim wrote that the leaders of Hezbollah and its ally Amal should be personally held responsible if something happened to him. Slim lived in a Hezbollah controlled southern suburb of Beirut, home to his family for more than a century.
His killing added to a list of political assassinations in Lebanon, a grim phenomenon that some trace back to the start in 1975 of a bloody 15-year civil war, when Saida-born politician Maarouf Saad became the first prominent victim.
Killers are rarely found or jailed. Activists often criticise what they call Lebanon's “culture of impunity and political interference” in judicial processes.
UN human rights experts called in March for the Lebanese government to ensure a “credible and effective investigation” into Slim’s death, writing that authorities should consider embedding a unit of international experts to advice and support local probes into political assassinations.
If you go
Flights
Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.
This month, Dubai Medical College launched the Middle East’s first master's programme in addiction science.
Together with the Erada Centre for Treatment and Rehabilitation, the college offers a two-year master’s course as well as a one-year diploma in the same subject.
The move was announced earlier this year and is part of a new drive to combat drug abuse and increase the region’s capacity for treating drug addiction.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The details
Heard It in a Past Life
Maggie Rogers
(Capital Records)
3/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
How to turn your property into a holiday home
Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
Research equivalent Airbnb homes in your location to ensure competitiveness.
Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm
Who are the Sacklers?
The Sackler family is a transatlantic dynasty that owns Purdue Pharma, which manufactures and markets OxyContin, one of the drugs at the centre of America's opioids crisis. The family is well known for their generous philanthropy towards the world's top cultural institutions, including Guggenheim Museum, the National Portrait Gallery, Tate in Britain, Yale University and the Serpentine Gallery, to name a few. Two branches of the family control Purdue Pharma.
Isaac Sackler and Sophie Greenberg were Jewish immigrants who arrived in New York before the First World War. They had three sons. The first, Arthur, died before OxyContin was invented. The second, Mortimer, who died aged 93 in 2010, was a former chief executive of Purdue Pharma. The third, Raymond, died aged 97 in 2017 and was also a former chief executive of Purdue Pharma.
It was Arthur, a psychiatrist and pharmaceutical marketeer, who started the family business dynasty. He and his brothers bought a small company called Purdue Frederick; among their first products were laxatives and prescription earwax remover.
Arthur's branch of the family has not been involved in Purdue for many years and his daughter, Elizabeth, has spoken out against it, saying the company's role in America's drugs crisis is "morally abhorrent".
The lawsuits that were brought by the attorneys general of New York and Massachussetts named eight Sacklers. This includes Kathe, Mortimer, Richard, Jonathan and Ilene Sackler Lefcourt, who are all the children of either Mortimer or Raymond. Then there's Theresa Sackler, who is Mortimer senior's widow; Beverly, Raymond's widow; and David Sackler, Raymond's grandson.
Members of the Sackler family are rarely seen in public.
MATCH INFO
What: Brazil v South Korea When: Tonight, 5.30pm Where: Mohamed bin Zayed Stadium, Abu Dhabi Tickets:www.ticketmaster.ae
