Three-time prime minister Saad Hariri announced on Monday that he had suspended his participation in Lebanese politics and would not run in the coming elections, in a widely anticipated move that leaves the Sunni Muslim community with no clear leader as the country struggles with its worst economic crisis to date.
In an emotional address, Mr Hariri asked members of his political party, the Future Movement, to also withdraw from politics. Mr Hariri, 51, said the party would not present candidates in the elections in May.
“I announce my suspension from politics and I ask my family in the Future Movement to do the same,” he said. “I am not presenting myself as a candidate in the parliamentary elections and am not presenting any candidates from the Future Movement or in the name of the Future Movement.”
Speculation about Mr Hariri's intentions has been rife in Beirut since his return on Wednesday from a several-month stay in the UAE.
A veteran politician, Mr Hariri succeeded his late father and former prime minister Rafik Hariri when he was assassinated in 2005 as the leader of the Future Movement, which largely represents Lebanon's Sunni Muslim community.
'It wasn't written'
Visibly tearing up at the end of his speech, Mr Hariri recognised that he had failed to improve living conditions for the Lebanese population. The country's economic meltdown has pushed over three quarters of the population into poverty.
“The project of Rafik Hariri can be summarised in two ideas. First, stopping the civil war in Lebanon, and secondly, a better life for the Lebanese,” he said, referring to his father acceding the premiership in the aftermath of the country's 1975-1990 bloody civil war. “It wasn’t written for me that I would succeed in the second one.”
Mr Hariri blamed political compromise for his failures, including accepting the election of President Michel Aoun, who is allied with the Future Movement's political rival, Iran-backed Hezbollah.
These deals “may be the reason why I didn’t succeed in giving the Lebanese a get a better life. History will judge,” he said.
Mr Hariri recognised losses in his personal finances and “friendships abroad”, in a thinly-veiled allusion to Gulf states distancing themselves from him for cosying up to Hezbollah in the past years.
Mr Hariri's businesses, mostly inherited from his billionaire father, have faced difficulties, including the closure of the family's construction company in Saudi Arabia in 2017.
“I believe there is no positive opportunity for Lebanon due to Iranian influence, international floundering, national divisions, sectarian agitation and the state falling apart,” he said.
Mr Hariri's retreat from political life is widely viewed by Lebanese media as a new chapter in local politics. No other dominant Sunni leader has emerged but several politicians are vying for the position, including Mr Hariri's brother Bahaa.
Lebanon's government is designed to provide political representation of all Lebanese religious groups, with its three largest being Christian Maronites, Sunni Muslims, and Shiite Muslims.
The prime ministers are always Sunni Muslim, while the president is Christian and the parliament speaker is Shiite Muslim.
Local media reported at the weekend that Mr Hariri's supporters drove from all over the country to his house in Beirut, waving his party's blue flag and asking him to participate in the electoral process.
Mr Hariri responded by saying that his home would “remain open to all".
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
THREE
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SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
T10 Cricket League
Sharjah Cricket Stadium
December 14- 17
6pm, Opening ceremony, followed by:
Bengal Tigers v Kerala Kings
Maratha Arabians v Pakhtoons
Tickets available online at q-tickets.com/t10
Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)
5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami
6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami
6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel
7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel
7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar
Asia Cup Qualifier
Venue: Kuala Lumpur
Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September
Fixtures:
Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6: Final
Asia Cup
Venue: Dubai and Abu Dhabi
Schedule: Sep 15-28
Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier
if you go
The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.
The trip
Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
THE SPECS
Engine: Four-cylinder 2.5-litre
Transmission: Seven-speed auto
Power: 165hp
Torque: 241Nm
Price: Dh99,900 to Dh134,000
On sale: now