Rene Moawad, the father of Michel Moawad, centre, was assassinated in 1989 after serving as president for 17 days. AP
Rene Moawad, the father of Michel Moawad, centre, was assassinated in 1989 after serving as president for 17 days. AP
Rene Moawad, the father of Michel Moawad, centre, was assassinated in 1989 after serving as president for 17 days. AP
Rene Moawad, the father of Michel Moawad, centre, was assassinated in 1989 after serving as president for 17 days. AP

What next for Lebanon's opposition in presidential race, Michel Moawad or Plan B?


Jamie Prentis
  • English
  • Arabic

It has been two and a half months since Michel Aoun left the presidential palace in Baabda, and again Lebanon finds itself without a president.

True to form, each of the 10 sessions of the 128-seat parliament since Mr Aoun's departure have failed to elect someone to replace the former army chief in a legislature with no majority bloc.

Voting, unsurprisingly, has not been smooth.

While Michel Moawad is the only candidate to secure a significant chunk of support at each round, it is nowhere near the two-thirds majority required in the first round or the simple majority of 65 votes needed in round two.

Mr Moawad has been outstripped by blank ballots or jokes cast for the late Chilean president Salvador Allende or his South African counterpart Nelson Mandela, among others.

The second rounds of each session have been abandoned because of a lack of quorum as MPs walked out.

The presidential vacuum, although a common occurrence in Lebanon’s deeply divided confessional political scene, comes at a particularly serious time.

The country is embroiled in a devastating economic crisis, with many citizens plunged into poverty. Prime Minister Najib Mikati’s government is in caretaker status and thus largely stripped of its powers.

Mr Moawad, whose father Rene was assassinated in 1989 after serving as president for only 17 days, has consistently been able to count on a core bloc of about 40 MPs. That core is often referred to as the “opposition”, but contains traditional political parties as well as new MPs.

In Lebanon’s confessional power-sharing system, the presidency is reserved for a Maronite Christian.

As with Mr Aoun and others, that person usually ascends after a series of backdoor deals and compromises between factions.

While Mr Moawad has been able to count on the support of a large and vocally anti-Hezbollah bloc, including parliament's largest party, the Lebanese Forces, many see him as too divisive to cross the vote threshold. This is illustrated by the fact he is still regularly coming second to blank or invalid votes.

Those have largely come from the powerful group that had held a parliamentary majority until elections last year — Hezbollah, its Shiite ally Amal, and the Christian Free Patriotic Movement, which was founded by Mr Aoun. They have their own preferred candidates.

So far, Mr Moawad has also been backed by the Kataeb Party, the Druze Progressive Socialist Party and a handful of independent MPs, including some of those closely linked to the 2019 protest movement against Lebanon’s ruling classes that led to the collapse of the government.

“Before we nominated Mr Moawad as our candidate, we screened all the sovereign and reformist personalities within the Maronite community,” George Okais, a Lebanese Forces MP for Zahle, told The National.

“And [the LF] found out that Mr Moawad has exactly the same positioning vis-a-vis all the files, all the topics, all the crises in Lebanon. He has a clear vision about sovereignty and the reform needed in the country,” he added.

Despite the uphill battle in a deeply fractured parliament, Mr Moawad's supporters appear steadfast ― for now.

  • Soldiers scuffle with retired army members outside the Beirut parliament building. AP
    Soldiers scuffle with retired army members outside the Beirut parliament building. AP
  • Retired army members run from tear gas fired by riot police. AP
    Retired army members run from tear gas fired by riot police. AP
  • A retired army member chants slogans from the ground. AP
    A retired army member chants slogans from the ground. AP
  • A demonstrator holds a Lebanese flag during the protest. Reuters
    A demonstrator holds a Lebanese flag during the protest. Reuters
  • The was a heavy army presence. AP
    The was a heavy army presence. AP
  • Emotions run high in central Beirut. EPA
    Emotions run high in central Beirut. EPA
  • Lebanese army soldiers clash with protesters. EPA
    Lebanese army soldiers clash with protesters. EPA
  • Politicians were attending a parliament session to approve the 2022 budget. EPA
    Politicians were attending a parliament session to approve the 2022 budget. EPA
  • Retired army members tried to enter to the parliament building. AP
    Retired army members tried to enter to the parliament building. AP

Sources within the bloc said the current plan is still to lobby other MPs with a like mind to join them and in doing so push Mr Moawad over the threshold.

A separate Lebanese Forces source described these groups as having “one single denominator, which is that they are all against the policies of Hezbollah and of the allies of Hezbollah”, referring to the Iran-backed political party and armed group which, in theory, has an alliance with Amal and the FPM.

They formed the majority bloc in the previous parliament and hold many positions in Mr Mikati’s cabinet.

The "opposition" grouping includes the 13 Change MPs who are closely linked to the 2019 protests that led to the collapse of the government at the time. While a few have begun voting for Mr Moawad, the majority still back names such as Issam Khalifeh, despite te academic never receiving more than 10 votes.

It includes a dozen or so Sunni MPs, formerly of the Future Movement of former prime minister Saad Hariri, who have not shown their hand thus far.

But his backers deny speculation that Mr Moawad's name could be dropped in favour of another.

“Right now, we still believe that MP Moawad is the main candidate, he’s a serious one, and is still on the same page with us and with the majority of the opposition's bloc,” Mr Okais said.

“We are maintaining our nomination of MP Moawad. No other opposition faction is presenting any other competitors to Mr Moawad. So why should we change the formula? There is no other formula to challenge it.”

But the stark reality is this: the three main parties submitting blank ballots — Hezbollah, Amal and the FPM — are opposed to Mr Moawad, even if at the moment they are divided among themselves.

Hezbollah is regarded as being supportive of Marada Movement leader Suleiman Frangieh, who is close to the Syrian regime. Mr Aoun’s son-in-law and FPM president, Gebran Bassil, has long harboured presidential ambitions for himself.

They have all been calling for compromise and dialogue. Mr Bassil told The National in October that his opponents are failing to propose realistic candidates who can bridge the divide in Lebanon's deeply divided political class.

While Mr Moawad's supporters try to convert MPs to their side in the hope of getting the 65 votes in the second round, even getting a second round of the vote without widespread consensus is almost impossible.

Hezbollah MPs and their allies have left most sessions after the first two-thirds majority threshold vote and therefore deny the quorum needed for the simple majority second round.

But a source close to parliament speaker and Amal Movement leader Nabih Berri said the quorum is two thirds of parliament, meaning that Mr Moawad's supporters would need their agreement to even hold a second vote.

Despite this, the pro-Moawad bloc insists that they will continue with him and say a symbolic majority would be enough to change the conversation even without a second-round vote.

The LF source said that if Mr Moawad hits the 65-vote mark it would represent a “major turning point” because he would command a majority of the parliament — a “de facto president” — even if he's unable to assume power.

There have also been calls from some for European sanctions on those obstructing the election of the president.

“Right now, we don't have any plan B, we don't have any other nomination to negotiate about or to think about or discuss with others about any other name. We don't have any other choice than working hard to reach the 65,” Mr Okais said.

So with no other clear name put forward, what are Mr Moawad's opponents hoping will change?

The only other serious name seen as sufficiently unifying to potentially win is army commander Joseph Aoun.

But he is barred from running while in the military and immediately after he stands down, barring a swift resolution ― although historically when it has become apparent that the army commander is the best choice for president, parliament has found a way to get that candidate into the job.

Karim Bitar, professor of international relations at the Saint Joseph University of Beirut, said Mr Frangieh and Gen Aoun were leading contenders for the presidency.

But he said it was likely the bloc supporting Mr Moawad would continue to vote for him, at least in the current weeks.

“What would make them change their position at this stage is the emergence of an international consensus. Historically, Lebanese presidential elections were never a domestic matter,” Prof Bitar said.

Mr Okais insisted his party is not holding out to extract key posts as concessions if another candidate comes forward with a path to a majority.

“We don’t need to manoeuvre. We are the biggest bloc in parliament. We can play this way with any other candidate, we can play this with Frangieh. So many politicians in Lebanon are approaching us with the same mentality. ‘Go make a deal with Frangieh instead of Bassil, and take all the available positions in the government.’ This is not the way we think. We are not doing a bargain,” he said.

Lebanon’s parliament will return on Thursday for its 11th presidential session.

It took 49 sessions, two and a half years, and a series of political deals for Mr Aoun to eventually come to power, suggesting the country could be in for a long ride before the next president is named.

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

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

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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Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

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
Step by step

2070km to run

38 days

273,600 calories consumed

28kg of fruit

40kg of vegetables

45 pairs of running shoes

1 yoga matt

1 oxygen chamber

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Four%20scenarios%20for%20Ukraine%20war
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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Transmission: CVT auto

Power: 181bhp

Torque: 244Nm

Price: Dh122,900 

The specs
Engine: 2.5-litre, turbocharged 5-cylinder

Transmission: seven-speed auto

Power: 400hp

Torque: 500Nm

Price: Dh300,000 (estimate)

On sale: 2022 

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
What it means to be a conservationist

Who is Enric Sala?

Enric Sala is an expert on marine conservation and is currently the National Geographic Society's Explorer-in-Residence. His love of the sea started with his childhood in Spain, inspired by the example of the legendary diver Jacques Cousteau. He has been a university professor of Oceanography in the US, as well as working at the Spanish National Council for Scientific Research and is a member of the World Economic Forum’s Global Future Council on Biodiversity and the Bio-Economy. He has dedicated his life to protecting life in the oceans. Enric describes himself as a flexitarian who only eats meat occasionally.

What is biodiversity?

According to the United Nations Environment Programme, all life on earth – including in its forests and oceans – forms a “rich tapestry of interconnecting and interdependent forces”. Biodiversity on earth today is the product of four billion years of evolution and consists of many millions of distinct biological species. The term ‘biodiversity’ is relatively new, popularised since the 1980s and coinciding with an understanding of the growing threats to the natural world including habitat loss, pollution and climate change. The loss of biodiversity itself is dangerous because it contributes to clean, consistent water flows, food security, protection from floods and storms and a stable climate. The natural world can be an ally in combating global climate change but to do so it must be protected. Nations are working to achieve this, including setting targets to be reached by 2020 for the protection of the natural state of 17 per cent of the land and 10 per cent of the oceans. However, these are well short of what is needed, according to experts, with half the land needed to be in a natural state to help avert disaster.

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

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%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
FIGHT%20CARD
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World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

UAE central contracts

Full time contracts

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Part time contracts

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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

MATCH INFO

BRIGHTON 0

MANCHESTER UNITED 3

McTominay 44'

Mata 73'

Pogba 80'

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

Updated: January 19, 2023, 2:00 AM