Syrian President Bashar Al Assad meets former Lebanese president Michel Aoun in Damascus. AFP
Syrian President Bashar Al Assad meets former Lebanese president Michel Aoun in Damascus. AFP
Syrian President Bashar Al Assad meets former Lebanese president Michel Aoun in Damascus. AFP
Syrian President Bashar Al Assad meets former Lebanese president Michel Aoun in Damascus. AFP

Lebanon's Michel Aoun denies seeking Bashar Al Assad's support in Damascus visit


Nada Homsi
  • English
  • Arabic

Former Lebanese president Michel Aoun has denied that his surprise visit to Damascus on Tuesday was to seek the backing of Syria's President Bashar Al Assad.

Mr Aoun's media office issued a statement amid speculation that the founder of the Free Patriotic Movement was seeking Mr Al Assad's intervention in the Lebanese presidential election amid differences with its ally Hezbollah over the choice of candidates. Both the FPM and the Iran-backed Hezbollah group are aligned with Syria.

The former president “did not request a mediation or support for the position of the Free Patriotic Movement leader,” the statement said, emphasising Mr Aoun's dedication to Lebanon’s sovereignty.

“President Aoun's visit was strategic, about Syria and Lebanon's shared interests and the return of refugees to Syria, and it was not related to internal affairs,” an FPM representative told The National.

Lebanon's presidential post has remained vacant for seven months since Mr Aoun completed his term last year as parties and political blocs attempt to find a consensus candidate.

Hezbollah backs Suleiman Frangieh, leader of the Christian Marada Movement and known to be close to Damascus.

But the FPM has categorically refused to support Mr Frangieh, allying with opposition parties to back former finance minister Jihad Azour.

An electoral parliamentary session has been called for June 14.

Mr Aoun’s visit to Lebanon's war-torn neighbour was his first since 2009.

It followed Syria’s readmission to the Arab League last month, ending years of regional isolation over Mr Al Assad’s crackdown on domestic opposition to his rule in 2011 that led to a deadly and multifaceted civil war powered by international proxies.

“He has wanted to visit with Assad for years but couldn’t when he was president due to the international restrictions and the political implications,” a source close to Mr Aoun said.

The meeting between Mr Aoun and Mr Al Assad was shrouded in secrecy. Sources close to the former Lebanese president said their talks covered Syria’s return to Arab life, changes in the Middle East’s political landscape, and the Syrian refugees living in Lebanon.

Both countries are undergoing interlinked economic crises. Lebanon's economy collapsed in 2019 following years of financial mismanagement and corruption, while Syria has been affected by the destructive civil war and international war-related sanctions that have also affected Lebanon.

“The rise and prosperity of Syria will undoubtedly reflect well on Lebanon,” Mr Aoun’s media office said, acknowledging the conjoined nature of the two countries.

Mr Al Assad emphasised the importance of Lebanon’s political and economic stability, which is “in the interest of Syria and the region in general”.

Lebanon shares a complicated history with Syria, which wields influence over Lebanese politics. Lebanon’s parliamentary blocs are split according to their relationship with Syria: there is the pro-Hezbollah, Syria-aligned bloc, which includes Mr’s Aoun’s party, and a coalition of parties characterised by their opposition to Hezbollah and Syrian influence.

Syria was a warring proxy in Lebanon’s 1975-1990 civil war and maintained a military presence long after the war’s end.

Syria withdrew its military from Lebanon in 2005, but its occupation has left a sour association in the minds of many Lebanese. For others, the neighbouring country is viewed as a natural ally.

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Ain Issa camp:
  • Established in 2016
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  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region
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Saturday Crotone v Spezia (6pm), Torino v Udinese (9pm), Lazio v Verona (11.45pm)

Sunday Cagliari v Inter Milan (3.30pm), Atalanta v Fiorentina (6pm), Napoli v Sampdoria (6pm), Bologna v Roma (6pm), Genoa v Juventus (9pm), AC Milan v Parma (11.45pm)

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Updated: June 07, 2023, 2:28 PM