Suleiman Frangieh, leader of the Marada movement. Reuters
Suleiman Frangieh, leader of the Marada movement. Reuters
Suleiman Frangieh, leader of the Marada movement. Reuters
Suleiman Frangieh, leader of the Marada movement. Reuters

Why have Hezbollah and Amal chosen to back Suleiman Frangieh?


Jamie Prentis
  • English
  • Arabic

It was the “secret” that everyone knew in private, but — until recently — had not been publicly declared.

On Monday night, Hassan Nasrallah, the secretary general of the highly influential Lebanese political party and Iran-backed armed group Hezbollah, lifted the veil of secrecy when he formally declared his support for Suleiman Frangieh in Lebanon’s stuttering presidential race.

Hezbollah’s backing of Mr Frangieh, a 56-year-old Maronite Christian with close ties to Syria’s Bashar Al Assad, followed soon after Speaker Nabih Berri, head of Hezbollah’s Shiite ally the Amal Movement, voiced his support for him as well.

In 11 sessions spanning nearly six months in the 128-seat legislature, the Shiite duo has almost always cast blank ballots. That they are now supporting Mr Frangieh is hardly a surprise, but in public they had been vague — until now.

“You need an indication. Now Suleiman shows he is ready to run,” said a source close to the Amal parliamentary bloc.

Asked what characteristics Mr Frangieh had that made the bloc want to support him, the source said: “His experience with the Lebanese political life. He has history, he is respected, he has weight in the Christian community. He has good relations with all Christian communities. He has good relations with Arab countries.”

Lebanon has been without a president since the end of October, when Michel Aoun stepped down at the end of his term.

MPs have held 11 sessions thus far, but come nowhere near finding a successor to the ex-army chief.

Michel Moawad has received support from about a third of MPs, mainly from those deeply opposed to Hezbollah — including the parliament’s largest party, the Christian Lebanese Forces. But the number of MPs supporting him has stagnated and, if anything, begun to drop.

Mr Berri had been scheduling regular presidential sessions in the deeply divided parliament, where no bloc holds a majority, but stopped doing so in January because of the impasse.

In the first round of voting, a two-thirds majority — or 86 seats ― is required for a successor to be named. An absolute majority is needed in subsequent ballots in the same session — although so far they have been abandoned for a lack of quorum, as Hezbollah and its allies left the room.

Now there are indications that Mr Berri could be set to resume the sessions, as soon as there are a number of serious candidates on the table. The source close to Amal indicated this could be as soon as next week, so long as Mr Frangieh formally declares his interest in the presidency.

Still, observers and opponents of Mr Frangieh feel like the timing of Hezbollah and Amal’s support is not a coincidence.

At recent talks in Paris between major powers interested in Lebanon, there were reports that Saudi Arabia had shown reservations over Mr Frangieh’s candidacy.

Hezbollah's man

“It was an open secret. We knew for a long time that Suleiman Frangieh was Hezbollah’s leading candidate,” said Karim Bitar, professor of international relations at Saint Joseph University of Beirut.

“Hezbollah is sending a signal to the local stakeholders, as well as to the regional powers, that Suleiman Frangieh is officially our candidate. At this stage we do not have a plan B.”

The reality is, however, that while the Shiite duo's support for Mr Frangieh is important, it is nowhere near enough to propel him to power.

Gebran Bassil, son-in-law of Mr Aoun and leader of Hezbollah’s Christian ally the Free Patriotic Movement, is opposed to Mr Frangieh and has designs on the presidency himself. As it is, that alliance is at risk of fracturing because of differences over who should be Lebanon's next president.

In the pro-Moawad camp, the announcement of the public support for Mr Frangieh has been given short shrift. Lebanese Forces leader Samir Geagea has said he would seek to block the appointment of any person seen as being close to Hezbollah.

“What’s really weird is that if Nasrallah was able on Monday to come out to the public and say that our candidate is Suleiman Frangieh, why didn’t he do it six months ago?” said a Lebanese Forces source. The source added that Hezbollah’s announcement came as “no surprise to anyone”.

The source also claimed that Mr Nasrallah was isolated and “cornered” as he struggled for backers — Amal notwithstanding — for Mr Frangieh.

“If he has a candidate, the best place to declare it is not on a TV screen. You have to go down to parliament and make your MPs vote.”

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
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Updated: March 08, 2023, 3:46 PM