Some protesters threw rocks at the justice building on Tuesday. Jamie Prentis / The National
Some protesters threw rocks at the justice building on Tuesday. Jamie Prentis / The National
Some protesters threw rocks at the justice building on Tuesday. Jamie Prentis / The National
Some protesters threw rocks at the justice building on Tuesday. Jamie Prentis / The National

Beirut port blast protesters clash with police over delayed investigation


Jamie Prentis
  • English
  • Arabic

A gate to the Lebanese Palais de Justice was breached on Tuesday by protesters angered by the delayed Beirut port blast investigation.

They clashed with riot police and smashed windows in the demonstration against Lebanon's elite.

The demonstration in the Lebanese capital had started peacefully, amid a delay of more than a year in the investigation by Judge Tarek Bitar.

Protesters held pictures of the victims and signs including one which read: “Each one of us can make a difference. We went a fully independent judiciary.”

A few dozen people — largely comprising those who lost loved ones in the blast, but also those angered at the actions of Lebanon's ruling classes — gathered outside the palace to protest the absence of justice and delays to the investigation.

Families say not enough has been done to bring those responsible for the blast to justice. Jamie Prentis / The National
Families say not enough has been done to bring those responsible for the blast to justice. Jamie Prentis / The National

Not long after, many in the crowd pushed through the gate and banged against the doors. A few threw rocks and other objects at the glass windows. Some shouted "thawra", reminiscent of the nationwide 2019 protests against Lebanon's ruling classes that led to the collapse of the then-government.

The absence of justice has compounded the grief felt after the 2020 explosion which happened after a huge stock of ammonium nitrate, left in storage at the port for years, caught fire.

Among those charged in connection with the blast investigation are two sitting MPs who have refused to attend hearings.

Mr Bitar, who also charged several top security officials in the matter and is the second judge to take on the case, has repeatedly been impeded by legal challenges from former Cabinet ministers.

More than 215 people died, thousands were injured and many parts of Beirut destroyed in the August 4 blast, which is regarded as a symptom of decades of corruption and mismanagement by Lebanon’s ruling elite.

“First of all we want to remind the ruling class that we are here — this is our first protest of 2023 with all the different groups and families,” said Paul Naggear, whose daughter Alexandra, three, was one of the youngest victims.

“We will never forget. We are here to keep pushing. We have to keep the message going all the time."

Waddeh Sadek, one of the new MPs elected last year with links to the 2019 protest movement, said the issue had "reached a place that cannot be tolerated".

"There are parents who have lost their children and children who have lost their parents. Their rights are being eroded, and no one is moving towards justice," he said.

The legal blockage has meant Mr Bitar is unable to summon suspects or press charges, but also means that some individuals detained over the blast but cleared of suspicion remain in custody.

Lebanese judicial officials, including justice minister Henry Khoury, have explored the possibility of appointing a secondary judge to the investigation while Mr Bitar's investigation is blocked.

But it has been condemned by many as another move by Lebanon's rulers to evade responsibility and further stall the inquiry.

Mr Naggear said it was "a way for this criminal regime to once and for all" end the bid for justice over the blast. "They will shut [the bid for justice] completely. We are totally against it and we will fight it very hard," he said.

The 2020 blast happened less than a year after Lebanon's economic collapse, described as one of the worse in modern history by the World Bank, first became apparent.

There are widespread shortages in basic essentials, much of the population has been pushed into poverty and the local currency has lost more than 95 per cent of its value to the dollar on the parallel market.

War and the virus
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Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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.”

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2025 Fifa Club World Cup groups

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MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Updated: January 10, 2023, 4:35 PM