Michel Moawad, centre, has garnered the support of about a third of the Lebanese parliament. AP
Michel Moawad, centre, has garnered the support of about a third of the Lebanese parliament. AP
Michel Moawad, centre, has garnered the support of about a third of the Lebanese parliament. AP
Michel Moawad, centre, has garnered the support of about a third of the Lebanese parliament. AP

Lebanese presidential candidate Michel Moawad on putting ego aside to prevent 'chaos'


Jamie Prentis
  • English
  • Arabic

The circus over who will become Lebanon’s next president continues to scale new heights.

Speaker Nabih Berri has even stopped scheduling presidential sessions in the deeply divided 128-seat legislature, while two new MPs are holding an indefinite sit-in in parliament in a bid to find a successor to Michel Aoun.

And then, on Monday, representatives of the US, France, Saudi Arabia, Qatar and Egypt warned Prime Minister Najib Mikati — whose cabinet is in a caretaker role — that they would reconsider “all ties” if Lebanon failed to elect a president.

The governance vacuum comes at a time when Lebanon finds itself entrenched in one of the worst economic crisis in modern history, blamed on decades of corruption and mismanagement by the country’s elite.

Amid the deadlock, one name has stood out from the rest in the 11 parliamentary sessions.

Michel Moawad has consistently courted the support of a third of parliament — a long way off the two-thirds majority required in the first round and the absolute majority needed in subsequent sessions in the same round — but his voice still carries weight.

Mr Moawad is very open in saying that he would happily stand aside for another candidate if they are able to secure more votes and have the credentials he supports.
Mr Moawad is very open in saying that he would happily stand aside for another candidate if they are able to secure more votes and have the credentials he supports.

“Having a president is extremely important,” he told The National from his office in Baabda, minutes away from the presidential palace that Mr Aoun departed from in October.

“But … it’s not the election of any president. It’s the election of a president that is sovereigntist, that is reformist, and that is ready to tackle clearly the issues and problems that have led Lebanon to the total collapse that we are living in today.”

Politics runs in the family. His mother Nayla was once an MP and minister. His father Rene was assassinated in 1989 after serving as president for only 17 days.

“I lost my father — I was 17. And, of course, after that, I had that very big questioning,” he said.

“Is it worth continuing the battle? Or should I drop everything and do something else? And that has been a question that has haunted me throughout my political and public life.”

Lebanon has a sovereignty problem

The bloc behind Mr Moawad, which is sometimes referred to as the “opposition”, is an array of traditional political parties, independent MPs and others linked to the 2019 protests against Lebanon's ruling classes that led to the collapse of the government at the time.

But, generally speaking, they are united by their opposition to Iran-backed Hezbollah, the powerful armed group and political party with significant influence across Lebanon.

So, when there is talk of a president dedicated to supporting Lebanon’s sovereignty, Mr Moawad sees a problem where “the state does not have the monopoly on arms, where the strategic decisions are taken today by Hezbollah”.

He also attributes Lebanon's apparent isolation on the world stage to the problem of sovereignty.

Gulf countries were once major supporters of Lebanon but have distanced themselves amid Hezbollah's alleged influence in the country's day-to-day operations.

Mr Moawad is also keen to stress the important of an independent judiciary — long politicised in Lebanon — and the need for a meritocratic system.

Hezbollah is believed to support Suleiman Frangieh, a close ally of Syria who is also from Mr Moawad’s hometown of Zgharta.

Together with its allies, Hezbollah has largely cast blank ballots during elections to pick a president. The party attributes this to the lack of a realistic candidate from its opponents in parliament.

A bloc led by the group held the majority in the previous parliament and many positions in the current cabinet.

That bloc includes the Amal Movement, Hezbollah's Shiite ally, and the Free Patriotic Movement founded by Mr Aoun.

One issue, Mr Moawad believes, is that there is no full consensus within the opposition grouping.

While he has secured more support, a handful of other votes from potentially sympathetic MPs have been for other candidates or protest ballots.

“I think that transforming the issue into an issue of a name is a false problem. I wish it was only a problem of name, we would have found a compromise within days or weeks. But I believe it's a problem of direction for the country,” he said.

“It's either we decide to have everyone find a solution through freeing the state institutions from the grip of arms and corruption, and build an inclusive Lebanon, built on sovereignty and reforms — or we accept the continuation of things as is today. That will only lead to more chaos.”

Mr Moawad's supporters believe there are enough potentially like-minded MPs inside parliament that they could at least galvanise an absolute majority.

That would not initially lead to an election — the second rounds of each session have been abandoned because of a lack of quorum as Hezbollah MPs and their allies have walked out. But it would at least put them in a powerful position.

Mr Moawad is very open in saying that he would happily stand aside for another candidate if they are able to secure more votes and have the credentials he supports.

“[It’s] totally true. I think that my candidacy is a political candidacy and a clear statement. It’s not about me; it's about the project itself. And any person that could embody this project and [has the chance] to get elected will have my full support on this.”

It took two and half years for parliament to finally agree on Mr Aoun, which came after a series of backdoor deals.

The matter was finalised when the Lebanese Forces — currently Mr Moawad’s largest backer — agreed on a deal with Mr Aoun for the latter to begin a six-year term as president.

A similar thing will not happen this time, Mr Moawad said as he highlighted the importance of the next six years.

“We will not allow the revival of the strategy they did in 2014 — block parliament for two and a half years and then in one way or another impose a solution that is not acceptable. We have paid a very heavy price for this,” he said.

“Today, having a bad president will not only have effects on Lebanon in the next six years, it will have effects on Lebanon in the decades to come. Because in the next six years, very important decisions will be taken that will have effects on the generations to come.”

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.”

The specs: 2019 Mercedes-Benz C200 Coupe


Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season
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Roger Federer's 2018 record

Australian Open Champion

Rotterdam Champion

Indian Wells Runner-up

Miami Second round

Stuttgart Champion

Halle Runner-up

Wimbledon Quarter-finals

Cincinnati Runner-up

US Open Fourth round

Shanghai Semi-finals

Basel Champion

Paris Masters Semi-finals

 

 

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Price, base / as tested Dh460,000

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Transmission Six-speed manual

Power 645hp @ 6,200rpm

Torque 813Nm @ 5,000rpm

Fuel economy, combined 16.8L / 100km

Tour de France

When: July 7-29

UAE Team Emirates:
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The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

UAE currency: the story behind the money in your pockets
INDIA SQUADS

India squad for third Test against Sri Lanka
Virat Kohli (capt), Murali Vijay, Lokesh Rahul, Shikhar Dhawan, Cheteshwar Pujara, Ajinkya Rahane, Rohit Sharma, Wriddhiman Saha, Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Vijay Shankar

India squad for ODI series against Sri Lanka
Rohit Sharma (capt), Shikhar Dhawan, Ajinkya Rahane, Shreyas Iyer, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni, Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Siddarth Kaul

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Coffee: black death or elixir of life?

It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?

Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.

The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.

The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.

Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver. 

The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.

But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.

Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.

It also raises blood pressure, which is largely problematic for people with existing conditions.

So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.

Rory Reynolds

MATCH INFO

Euro 2020 qualifier

Norway v Spain, Saturday, 10.45pm, UAE

Gertrude Bell's life in focus

A feature film

At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.

A documentary

A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.

Books, letters and archives

Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
 

Results

Male 51kg Round 1

Dias Karmanov (KAZ) beat Mabrook Rasea (YEM) by points 2-1.

Male 54kg Round 1

Yelaman Sayassatov (KAZ) beat Chen Huang (TPE) TKO Round 1; Huynh Hoang Phi (VIE) beat Fahad Anakkayi (IND) RSC Round 2; ​​​​​​​Qais Al Jamal (JOR) beat Man Long Ng (MAC) by points 3-0; ​​​​​​​Ayad Albadr (IRQ) beat Yashar Yazdani (IRI) by points 2-1.

Male 57kg Round 1

Natthawat Suzikong (THA) beat Abdallah Ondash (LBN) by points 3-0; Almaz Sarsembekov (KAZ) beat Ahmed Al Jubainawi (IRQ) by points 2-1; Hamed Almatari (YEM) beat Nasser Al Rugheeb (KUW) by points 3-0; Zakaria El Jamari (UAE) beat Yu Xi Chen (TPE) by points 3-0.

Men 86kg Round 1

Ahmad Bahman (UAE) beat Mohammad Al Khatib (PAL) by points 2-1

​​​​​​​Men 63.5kg Round 1

Noureddin Samir (UAE) beat Polash Chakma (BAN) RSC Round 1.

Female 45kg quarter finals

Narges Mohammadpour (IRI) beat Yuen Wai Chan (HKG) by points.

Female 48kg quarter finals

Szi Ki Wong (HKG) beat Dimple Vaishnav (IND) RSC round 2; Thanawan Thongduang (THA) beat Nastaran Soori (IRI) by points; Shabnam Hussain Zada (AFG) beat Tzu Ching Lin (TPE) by points.

Female 57kg quarter finals

Nguyen Thi Nguyet (VIE) beat Anisha Shetty (IND) by points 2-1; Areeya Sahot (THA) beat Dana Al Mayyal (KUW) RSC Round 1; Sara Idriss (LBN) beat Ching Yee Tsang (HKG) by points 3-0.

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

India Test squad

Virat Kohli (c), Mayank Agarwal, Rohit Sharma, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Rishabh Pant (wk), Wriddhiman Saha (wk), Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill

Updated: February 14, 2023, 1:59 PM