Close friends and family members of murdered Lebanese intellectual Lokman Slim spoke about their deep sense of loss after his death on Thursday.
He had a deep Lebanese personality. He was Shiite in life but also deeply Lebanese
His sister Rasha Al Ameer, a novelist and editor, said: "It’s a tragedy for Lebanon and the Arab world. He loved life and they took him."
Slim was focused on life, friendships, travel, writing and books, she said.
"I lost a brother, a partner in work, a personal confidante. My life is completely torn," Al Ameer said.
In addition to being a well-known researcher of Lebanese history and culture, Slim was also known as an outspoken critic of Hezbollah, the powerful militia whose political wing is influential in Lebanese government.
No group has claimed responsibility, but his death provoked a political outcry in Lebanon. There is widespread belief that Hezbollah was behind the killing.
Slim, 58, co-founded publishing house Dar Al Jadeed with Al Ameer in 1990.
In recent years, he was increasingly involved in his work with research centre Umam.
He produced two documentaries about Lebanon and Syria with his German wife Monika Borgmann.
A man of many talents
Ali El Amine, 53, a journalist and longtime friend, said the death was ultimately a loss for Lebanese society at large. His prolific research on the country's history and culture was invaluable, El Amine said.
"What characterised Lokman Slim was his strong character and positions. The depth of his culture. The cleverness of his words. Lokman was a researcher. Lokman was a writer. Lokman was an artist. Lokman was a man of political opinions. Lokman was an outstanding personality," he said.
Intimidation
Asked why any militia might kill a public figure with a profile as high as Slim's, El Amine said he was unsure. But the killing was intended to send a strong political message, most likely directed at Washington, he said.
"There are two contradictory reasons," he said.
"Maybe Hezbollah feels that it has been pushed into a corner by Israel and the international community and wants to send a message," he said.
"Or it feels comfortable now and this decision to assassinate him was taken before, but implemented now. Maybe it was taken during Trump’s mandate, but they went ahead with it under Biden, because his administration is less concerned by them [Hezbollah]. Maybe."
Some said it was too early to say who may have been responsible for the killing. They described the south of Lebanon as suffering from a lack of rule of law.
MP Yassine Jaber, a member of Amal, a party allied with Hezbollah, said it was too early to jump to conclusions.
“We have to wait and see if he was targeted on purpose or whether it was thieves,” he said.
El Amine was more certain.
"I believe that all signs show ... the crime has Hezbollah's signature: the place of the crime, the person who was targeted."
Al Ameer agreed.
"The two totalitarian Shiite parties, and the government – all these people are working together to kill anybody who is different," she said, referring to Amal and Hezbollah.
"I know who his enemies were. They were all those people who didn't want a bright Lebanon."
For El Amine, Slim's assassination will cause fear among all Lebanese activists.
"It will have deep repercussions. Maybe they [Hezbollah] think it’ll help in making people stay quiet, so that they do not protest or object."
As to whether anti-Hezbollah voices and the protest movement in general could be silenced by the killing, El Amine was defiant.
"Of course it’s scary but what’s the choice? We have no other choice but to express ourselves. We are working to defend ourselves and our rights. We are not attacking anyone. That’s our fight."
The murder may change the nature of the struggle against Hezbollah, El Amine said.
"There has never been a targeted Shiite assassination in the past 15 years, only Christian and Sunni figures. He’s the first Shiite."
In this regard, El Amine said Slim's daringly outspoken views had now raised his status as a patriot and a man who died for his beliefs.
"He had a deep Lebanese personality. He was Shiite in life but also deeply Lebanese."
El Amine was physically assaulted by unknown assailants in south Lebanon when he ran as an independent for parliamentary elections in 2018.
He noted that Slim's research touched on controversial and sometimes taboo periods in modern Lebanese history, including the legacy of the civil war and contemporary issues such as the rights of those detained by security forces.
"Recently he was leaning towards working with civil society and organisations and he had dozens of ongoing projects in relation with the war, detainees ... topics nobody else in Lebanon was working on in such detail," he said.
Al Ameer told The National that the family would respect his wish to be incinerated and scatter his ashes in places he loved.
THE BIO
Born: Mukalla, Yemen, 1979
Education: UAE University, Al Ain
Family: Married with two daughters: Asayel, 7, and Sara, 6
Favourite piece of music: Horse Dance by Naseer Shamma
Favourite book: Science and geology
Favourite place to travel to: Washington DC
Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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.”
UAE%20v%20West%20Indies
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra