The warmth of Col Samih Khalil’s greeting contrasts with the bitter cold outside. On the top floor of the Youssef Rahme Barracks above the mountaintop town of Bcharre, he offers coffee and tea, accompanied by manoucheh flatbreads.
Lebanon is experiencing one of its coldest winters in decades. Throughout the season, drifts of snow have progressively accumulated around the base.
During the summer the nearby Cedars of God, one of Lebanon’s oldest cedar forests, attracts plenty of tourists. In the colder months, the town attracts winter sports enthusiasts.
The National visits Bcharre on a weekday and the town is quiet, save for a few enthusiastic shopkeepers selling tourist merchandise. And, of course, the 150 or so Lebanese soldiers who staff the base.
When coffee grounds are all that remain at the bottom of cups, Col Khalil shows portraits of the former base commanders – his predecessors – mounted on the wall above an imposing fireplace. The photographs at the top have started to fade with age.
"The base in the past had a great history, even internationally," he says. It has been a key element of the army’s training strategy since the foundation of the state of Lebanon "because we have lots of mountains in Lebanon and we have many units stationed in the mountains".
Recruits learn how to move across the snow with little support and how to treat the injured in inhospitable conditions.
The army’s training up here is not just military in nature, Col Khalil says, because the army is often called to help stranded civilians in the rugged, isolated mountain terrain. "We offer them help, we evacuate the injured, we evacuate the sick," he says.
This should have been the perfect posting for Col Khalil, who grew up in the mountains and adores skiing. But he arrived at the base in 2019, shortly before Lebanon’s devastating financial crisis. A few months later, he was dealing with the effects of the Covid pandemic.
"I didn’t have time to enjoy, because the last two years, in 2020 and 2021, we couldn’t do any events. We couldn’t even organise the military championship," he says. "The last two years, we did almost nothing."
The base is slowly working towards resuming some of its activities. Col Khalil is preparing to inspect a downhill ski training session for some of the recruits and so goes to change out of his military fatigues.
In his ski gear, without the trappings of his military rank, he could be any middle-aged enthusiast. It is what he would have wanted to become in a few years, had his retirement plans not been completely upended by the financial crisis.
A line of polished red snowmobiles demonstrate one of the base’s lifelines. Foreign army units have been coming here to train since the barracks was opened, but the base has become increasingly reliant on aid from its international partners. These snowmobiles were donated by Canada, but it is not a sustainable model and the budget for updating the rest of the inventory has vanished.
"It is affecting our performance here because all the equipment we use in training is imported," Col Khalil says. "Now, with the budget that we have, we can barely buy one pair of skis a year."
At the end of a short drive between two-metre banks of snow on either side are a handful of tired looking ski lifts. This is the oldest ski resort in the country – and looks it too, especially when compared with larger resorts closer to Beirut that still attract Lebanon’s fashionable elites on the weekend.
Here, the rental equipment on offer is ancient by comparison and the advertising campaigns on the lifts and shop fronts were envisioned for different generations of gear and skiers.
Col Khalil clips into his skis and expertly takes the drag lift offered to him by one of the lift attendants. From the top, gaps in the clouds reveal some of Lebanon’s most spectacular mountain scenery. The resort below nestles in a vast natural mountain amphitheatre, adjoining the rugged Qadisha Valley that winds down towards Tripoli.
He gestures towards the other side of the piste. "You can see there, this old chairlift. It’s not working any more." The lift belongs to the army and has been taking trainees up the slopes since the 1950s, but no longer.
"Now, we cannot find spare parts any more," he says. The army is looking to replace the lift, but that depends on finding someone willing to donate it.
The base is snowed under, struggling to carry on amid the global pandemic and the crippling financial crisis, with its staff's salaries dwindling to almost nothing and ever more reliant on international aid for equipment. Nonetheless, Khalil says, the base 'will get through the crisis because the crisis won't stay forever.'
In the meantime, the army makes do. The recruits wear a hodgepodge of different clothing. A seasoned French instructor guides them down the slopes, one turn at a time.
Col Khalil stays with them, watching, not interfering. But as the group gets closer to the bottom of the piste, the colonel skis off and grabs another drag lift. Time for one more run before returning to base.
Killing of Qassem Suleimani
The%20specs
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
The five pillars of Islam
AIDA%20RETURNS
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VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Company%20profile
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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.”
Opening day UAE Premiership fixtures, Friday, September 22:
- Dubai Sports City Eagles v Dubai Exiles
- Dubai Hurricanes v Abu Dhabi Saracens
- Jebel Ali Dragons v Abu Dhabi Harlequins
AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
The five pillars of Islam
SQUADS
Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed
Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran
EA Sports FC 24
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
BUNDESLIGA FIXTURES
Friday (UAE kick-off times)
Borussia Dortmund v Paderborn (11.30pm)
Saturday
Bayer Leverkusen v SC Freiburg (6.30pm)
Werder Bremen v Schalke (6.30pm)
Union Berlin v Borussia Monchengladbach (6.30pm)
Eintracht Frankfurt v Wolfsburg (6.30pm)
Fortuna Dusseldof v Bayern Munich (6.30pm)
RB Leipzig v Cologne (9.30pm)
Sunday
Augsburg v Hertha Berlin (6.30pm)
Hoffenheim v Mainz (9pm)
UAE currency: the story behind the money in your pockets
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
More from Neighbourhood Watch
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
COMPANY%20PROFILE
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The specs: 2018 Jeep Compass
Price, base: Dh100,000 (estimate)
Engine: 2.4L four-cylinder
Transmission: Nine-speed automatic
Power: 184bhp at 6,400rpm
Torque: 237Nm at 3,900rpm
Fuel economy, combined: 9.4L / 100km
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Kill%20Bill%20Volume%201
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What to watch out for:
Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways
The hulls of three ships will be used for the roof
The hulls will painted to make the largest Italian tricolour in the country’s history
Several pillars more than 20 metres high will support the structure
Roughly 15 tonnes of steel will be used
Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm
FOOTBALL TEST
Team X 1 Team Y 0
Scorers
Red card
Man of the Match