Marching through the Lebanese capital in the scorching heat with pictures of their deceased loved ones, there may have been a sense of deja vu for the families of the victims of the deadly 2020 Beirut port blast.
They hold such vigils on each anniversary, carrying placards demanding justice, and many smaller protests throughout the year, with little result.
Three years after the August 4 explosion, which killed more than 200 people, injured thousands and destroyed large parts of Beirut, no officials have been held accountable – a symbol of a deeply politicised and dysfunctional justice system.
“This makes me feel angry and sad. They are not numbers, they are lives,” said Rima Misto, whose sister Rawan was killed in the explosion.
“My sister was very friendly, very kind. She loved animals, she was vegan. She always wanted to create an organisation for sexually assaulted kids … and shelters for animals."
The explosion is regarded as a symptom of decades of corruption and mismanagement by Lebanon's ruling elite which also let to the devastating economic collapse in 2019 that pushed most of the population into poverty.
“The Beirut blast and what happened is not the cause of my daughter, the victims,” said Paul Naggear, whose daughter Alexandra, three, was one of the youngest to be killed in the explosion.
“This is a national cause,” he told The National.
The explosion occurred after a huge stock of ammonium nitrate – stored at the port for years with the knowledge of senior officials – caught fire, creating one of the largest non-nuclear blasts in history.
It led to apocalyptic scenes, the scars of which can still be seen across the city and its people.
And yet, at least in Lebanon, there has been no justice for the victims or their families. An investigation by judge Tarek Bitar has been obstructed repeatedly by legal challenges, including by some of the country’s most senior officials whom he has sought to question.
When he tried to resume the inquiry at the start of the year, Mr Bitar was charged by Lebanon’s top prosecutor – himself wanted for questioning – and told that the case remained on hold.
Ms Misto said she had mixed emotions of “anger, sadness and betrayal”.
“I still can’t describe them, which is sad because I want the people to know how it feels. But sometimes I can’t even cry about it.”
The Lebanese judiciary is deeply politicised, with some judges considered close to the country’s political elite.
“It’s a challenge that we find in all our judicial cases, that they don’t allow judges to work in a case which involves politicians or the government,” said Nizar Sagieh, a lawyer and founder of human rights group Legal Agenda.
“We had a civil war, a [economic] collapse due to 30 years of corruption and nobody was ever sentenced.”
Mr Bitar "has been threatened and even bullied in the media”, he said.
However, “the lawyers are resisting and, most importantly, the victims are resisting” in their search for justice, he said.
In the absence of domestic justice, families, individuals and organisations are calling for international support.
“There are 47 countries that are member states of the [UN] Human Rights Council, we are working and lobbying for the establishment of a fact-finding mission,” said Mr Naggear.
“We need this to complement the work that judge Tarek Bitar is doing. He needs pressure to unlock the state it is in today, and it’s been two years. He’s been blocked for two years.
“It is a cry to the international community to hear our call for justice.”
Lama Fakih, director of the Middle East and North Africa section of Human Rights Watch, described the domestic investigation as “paralysed”.
“For any hope of justice, for the truth to come out over who is really responsible for the explosion, we need the international community to step up.”
Outside of Lebanon, however, there have been hints of progress, with lawsuits launched in other countries.
This year, Savaro Ltd, the UK-registered company found liable for the blast, was told to pay a total of $1 million to a victim who was severely injured and the families of three who were killed – including Mr Naggear and his wife Tracy.
“Yes, absolutely, we think that there has been progress. Over the past few years, we didn’t have anything to show to our daughter," Mr Naggear said.
“It also gave us hope, and hope to others, to keep on pursuing such cases.”
For Mr Sagieh, the lawyer, the long-term goal is to “reform our institutions” if Lebanon is to progress. “There is no other solution,” he said.
Ms Misto added: “I just want [the world] to know we didn’t get justice – even a bit of justice – for the people who passed away, in Lebanon.
“And we don’t feel like we are getting any. And we’re just trying so hard.”
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
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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
When Umm Kulthum performed in Abu Dhabi
Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.
Company%C2%A0profile
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THE BIO
Favourite author - Paulo Coelho
Favourite holiday destination - Cuba
New York Times or Jordan Times? NYT is a school and JT was my practice field
Role model - My Grandfather
Dream interviewee - Che Guevara
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
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.”
Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
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The specs: 2018 Dodge Durango SRT
Price, base / as tested: Dh259,000
Engine: 6.4-litre V8
Power: 475hp @ 6,000rpm
Torque: 640Nm @ 4,300rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 7.7L / 100km