The US pledged on Friday to give $120 million to the Lebanese Armed Forces, boosting annual aid by 12 per cent as a severe economic crisis takes a toll on the military.
The decision was announced at a virtual meeting between Eliot Kang, US senior official for arms control and international security, and Lebanon Armed Forces commander Gen Joseph Aoun. Senior officials from both sides were also present at the meeting.
"The US Department of State renewed its commitment to the [Lebanese Armed Forces] by announcing $120m in foreign military financing assistance to Lebanon,” the US embassy in Beirut said.
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The American aid will go towards reinforcing “shared priorities in counter-terrorism, border security and defence-institution building".
The US announcement follows a warning by Gen Aoun in March in which he said the military is in dire need of help lest soldiers “go hungry” as Lebanon grapples with the economic crisis.
His warning had raised concerns among Lebanon’s allies that the army may be stretched too thin, with paramilitary groups such as Iran-backed Hezbollah and militant groups operating in neighbouring Syria.
This year, the Lebanese Army announced it would no longer be serving meat to its soldiers as it was too expensive.
The Lebanese pound has lost more than 80 per cent of its value in the past year and a half, slashing the purchasing power of Lebanese residents, including military personnel, at a time of social and political unrest.
In a letter sent to US Secretary of State Antony Blinken on Tuesday, the House Foreign Affairs Committee said that the economic hardship of Lebanese soldiers “threatens to lead to desertions, degradation of the force and further civil conflict".
“Non-state armed groups like Hezbollah and other militias that threaten Israel and the broader region stand to gain in their stead,” the letter says.
Lebanon is one of the biggest recipients of US security assistance, the American embassy stated.
Since 2006, the armed forces have benefited from more than $2 billion in military investments from the US.
The assistance aims to strengthen border control and fend off extremist groups, which briefly took control of the town of Arsal bordering Syria in 2014.
The aid is meant for the fiscal year 2021, which starts in October.
The specs
Greatest of All Time
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
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PRISCILLA
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part two: how climate change drove the race for an alternative
Engine: 3.5-litre V6
Transmission: eight-speed automatic
Power: 290hp
Torque: 340Nm
Price: Dh155,800
On sale: now
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Honeymoonish
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Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
While you're here
Editorial: The case for repatriating ISIS Europeans
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
COMPANY%20PROFILE
The Specs
Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now
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EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
more from sholto byrnes
School uniforms report
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Voy!%20Voy!%20Voy!
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Start-up hopes to end Japan's love affair with cash
Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.
Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.
Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.
Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.
Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.
PRESIDENTS CUP
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland
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Copa del Rey final
Sevilla v Barcelona, Saturday, 11.30pm (UAE), match on Bein Sports
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.