MENA

Lebanon

Beirut airport's screens hacked with anti-Hezbollah message

Screens at Rafic Hariri International Airport warned Hezbollah against dragging Lebanon into war

Jamie Prentis
Jamie Prentis

January 07, 2024

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  • Arabic

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Beirut airport's departure screens appeared to be hacked on Sunday night with messages that warned Hezbollah against dragging Lebanon into a war with Israel.

Images shared online showed passengers watching a screen in the departure lounge at Rafic Hariri International Airport that would normally display flight information.

Instead, it displayed a message that said the airport was not the airport of Hezbollah and Iran, while urging the Lebanese armed group and its Secretary-General Hassan Nasrallah not to pull Lebanon into war.

"You're going to blow up our airport by bringing in weapons. Let the airport be freed from the grip of the (Hezbollah) statelet," the airport message said.

At the top right of the message was the symbol of Jnoud El Rabb or 'Soldiers of God,' a radical Christian group active in Beirut. It has previously attacked LGBTQI people and events, and railed against Hezbollah, abortion and refugees.

However, the group issued a video statement saying they were not behind the message.

Iran-backed Hezbollah is widely believed to wield significant control over Lebanon's only international airport.

A text message that appeared to come from flag carrier Middle East Airlines said: “Following the disruption of Beirut airport, travellers are requested to adhere to the instructions of the security services.”

Flights were unaffected but there appeared to be an issue with the baggage system.

Hezbollah and its arch nemesis Israel have been engaged in daily cross border clashes since October 8, with tens of thousands of people evacuated their homes on both sides.

While the clashes had been contained to the border region, on Tuesday the latest violence came to Beirut for the first time since October 7 when Israel assassinated Hamas deputy Saleh El Arouri in a densely packed neighbourhood of the Lebanese capital. Hezbollah and Hamas are close allies, and part of the so-called, Iran-led Axis of Resistance

Mr Nasrallah has said Hezbollah's actions were part of efforts “to halt [Israel's] aggression against Gaza” and “to alleviate the military pressure on Gaza”.

Nearly 23,000 people have been killed in Gaza since October 7 as a result of Israel's brutal bombardment of the Palestinian enclave. That came in response to Hamas's unprecedented and deadly incursion into southern Israel on October 7.

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  • Sunday - Chennai v Punjab - Chennai

Final top-four (who will make play-offs): Chennai, Hyderabad, Mumbai and Bangalore

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All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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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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German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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Updated: January 07, 2024, 6:10 PM
LebanonIsraelHezbollahHamas