When Lebanese billionaire Najib Mikati was appointed prime minister in 2011, he was forced to resign after a falling out with Hezbollah.
But on Thursday, he secured his fourth term at the helm of the country, gaining the support of 54 of Parliament's 128 members — including those from Hezbollah and its Shiite ally Amal.
Mr Mikati, who returned to the leadership in July 2021 amid hopes that he would help lead Lebanon out of its worst crisis in decades, will continue in a caretaker role until a government is formed, a process that typically goes on for months as political factions divvy up roles in the Cabinet and beyond.
Analysts and politicians expect this Cabinet formation process to be further complicated by a looming struggle over who will replace President Michel Aoun, the Hezbollah-aligned Maronite Christian head of state, when his term ends on October 31.
“The Mikati of 2021 is different from the Mikati of 2011,” Fadi Ahmar, a lecturer in Middle East studies, told The National last year.
He pointed to Mr Mikati’s distance from his former allies the Syrian regime of Bashar Al Assad and Hezbollah. The Iran-backed militia sent its forces to fight alongside Mr Al Assad after the 2011 uprising, without the Lebanese state's permission.
“He is aware that close ties with the Syrian regime and Hezbollah will impede the work of any future government,” Dr Ahmar said.
Lebanon has been in economic meltdown since late 2019 after decades of corruption and financial mismanagement, pushing more than half of the population below the poverty line.
Yet Mr Mikati, one of the richest men in the Arab world, is a member of the entrenched political elite accused by protesters of running Lebanon’s economy into the ground.
He is the latest in a line of business tycoons to assume the premiership since the end of Lebanon’s 15-year civil war in 1990.
Political career
Mr Mikati is a self-made billionaire, twice former prime minister and member of Parliament representing the northern city of Tripoli — one of the poorest on the Mediterranean.
His political career began in the 1990s, when Lebanon was largely under Syrian control. From 1998 until 2004, he was minister of public works and transport.
“His Syria ties helped him get a ministerial portfolio when Lebanon was under Syrian rule,” Dr Ahmar said.
“It was even rumoured he had a personal relationship with Bashar Al Assad.”
He changed his stance because his Sunni community could not accept it any more after Rafik Hariri’s killing
Fadi Ahmar,
lecturer in Middle East studies
Damascus had troops in Lebanon for nearly 30 years until 2005 and still holds influence in Beirut despite a weakening hold since the onset of its civil war in 2011.
Mr Mikati’s Syria ties even secured him a slice of the Syrian mobile phone sector through his company MTN, the smaller of two mobile network operators in Syria, which he later sold.
But his relations with Damascus and its Lebanese ally Hezbollah began to shift after the assassination of former prime minister Rafik Hariri in 2005. An international court found that Hariri was murdered by a Hezbollah operative.
“He changed his stance because his Sunni community could not accept it any more after Rafik Hariri’s killing, and especially after the Syrian revolution against the regime,” Dr Ahmar said.
The Assad regime is unpopular in Lebanon’s Sunni-majority north. Animosity towards Damascus grew further after its security apparatus murdered mostly Sunni peaceful protesters, initiating Syria’s descent into war.
Mr Mikati has also distanced himself from the Syrian regime and Hezbollah to regain the trust of Lebanon’s estranged allies in the West and the Gulf, Dr Ahmar said.
“He never publicly condemned the regime but he is no longer on good terms with the Syrian government.”
In 2000, Mr Mikati was elected to Parliament for the first time as a representative of Tripoli, a seat he has held continuously except from 2005 to 2009.
He first became prime minister in 2005 after the assassination of Hariri, the father of Saad Hariri. His term lasted only a few months and was focused on organising parliamentary elections.
He became prime minister again in 2011 and led a Hezbollah-dominated government for two years before resigning.
Business empire
Together with his brother Taha, Mr Mikati made his fortune in telecoms.
A former employee described his management style as hands-on.
“Mikati is a one-man show. He likes to be in charge of everything,” the former employee said.
The brothers founded Investcom in 1982 and built mobile phone masts in Ghana, Liberia and Benin, Forbes reported.
In 2007, they co-founded the investment company M1 group, which specialises in telecoms, property, aircraft financing, fashion and energy, Mr Mikati’s official website says.
The company recently bought the Myanmar business of Norwegian telecoms company Telenor after the military coup there pushed them to leave.
Forbes Middle East listed Najib and Taha Mikati as two of the richest Arabs in 2020, ranking ninth and seventh, respectively.
Protesters routinely held sit-ins in front of Mr Mikati’s house in Tripoli in the past year, accusing him of amassing wealth while residents of his city slip further into poverty.
Dr Ahmar, who teaches at the Lebanese University, told The National that Mr Mikati “has a non-confrontational personality”.
“He tries to be on good terms with everyone. He never really cut ties with Hezbollah or the Syrians but he is also close to his Arab, Sunni base.”
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The five pillars of Islam
The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre
In%20the%20Land%20of%20Saints%20and%20Sinners
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERobert%20Lorenz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Liam%20Neeson%2C%20Kerry%20Condon%2C%20Jack%20Gleeson%2C%20Ciaran%20Hinds%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
Mobile phone packages comparison
Dubai World Cup factbox
Most wins by a trainer: Godolphin’s Saeed bin Suroor(9)
Most wins by a jockey: Jerry Bailey(4)
Most wins by an owner: Godolphin(9)
Most wins by a horse: Godolphin’s Thunder Snow(2)
The biog
Name: Dhabia Khalifa AlQubaisi
Age: 23
How she spends spare time: Playing with cats at the clinic and feeding them
Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need
Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman
Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs
Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing
Anti-semitic attacks
The annual report by the Community Security Trust, which advises the Jewish community on security , warned on Thursday that anti-Semitic incidents in Britain had reached a record high.
It found there had been 2,255 anti-Semitic incidents reported in 2021, a rise of 34 per cent from the previous year.
The report detailed the convictions of a number of people for anti-Semitic crimes, including one man who was jailed for setting up a neo-Nazi group which had encouraged “the eradication of Jewish people” and another who had posted anti-Semitic homemade videos on social media.
If you go
The flights Etihad (www.etihad.com) and Spice Jet (www.spicejet.com) fly direct from Abu Dhabi and Dubai to Pune respectively from Dh1,000 return including taxes. Pune airport is 90 minutes away by road.
The hotels A stay at Atmantan Wellness Resort (www.atmantan.com) costs from Rs24,000 (Dh1,235) per night, including taxes, consultations, meals and a treatment package.
Scoreline
Saudi Arabia 1-0 Japan
Saudi Arabia Al Muwallad 63’
more from Janine di Giovanni
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Teaching in coronavirus times
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
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
More from Mohammed Alardhi
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Scores:
Day 4
England 290 & 346
Sri Lanka 336 & 226-7 (target 301)
Sri Lanka require another 75 runs with three wickets remaining
The Kingfisher Secret
Anonymous, Penguin Books