Rescue team members and locals work to find bodies under the rubble of buildings destroyed by an Israeli air strike in southern Lebanon. EPA
Rescue team members and locals work to find bodies under the rubble of buildings destroyed by an Israeli air strike in southern Lebanon. EPA
Rescue team members and locals work to find bodies under the rubble of buildings destroyed by an Israeli air strike in southern Lebanon. EPA
Rescue team members and locals work to find bodies under the rubble of buildings destroyed by an Israeli air strike in southern Lebanon. EPA

France offers Lebanon symbolic sympathy in descent into war


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French Foreign Minister Jean-Noel Barrot was in Beirut on Monday to meet senior Lebanese officials in an effort to prevent an Israeli invasion of Lebanon and deliver humanitarian aid as the European Union held emergency talks to discuss bolstering support for Lebanese institutions.

"There is still hope, but there is little time left" for a diplomatic solution to the conflict, Mr Barrot said in a press conference in the Lebanese capital.

Deadly Israeli attacks on Lebanon continued after the EU, the US, France, the UK and Gulf countries over the weekend called for a 21-day ceasefire on the sidelines of the UN General Assembly in New York.

“It is still on the table. There is still hope, but there is little time left,” Mr Barrot said of the ceasefire proposal. “I want to clarify that this proposal is not just a simple call for a ceasefire. It has been discussed with both parties, and it is the only viable option.”

"Hezbollah bears a heavy responsibility for the current situation, given its decision to involve Lebanon. Its responsibility is to bring an end to the escalation," added Mr Barrot, who declined to answers reporters' questions about the lack of condemnation by France over the killing of two citizens in the recent Israeli strikes.

France, a former colonial power in the region, has traditionally supported Lebanon in times of crises and has called on Israel to stop its bombing campaign, which has killed at least 1,000 people and displaced one million.

“Lebanon must not become a new Gaza,” President Emmanuel Macron said.

Yet many in Beirut view Mr Barrot's visit as largely symbolic, Karim Emile Bitar, professor of international relations at St Joseph University of Beirut, told The National.

“It aims at showing that France has not abandoned its traditional role in Lebanon. However, it is unlikely to yield political results. France has lost considerable soft power in the region as it is perceived as having adopted a pro-Israel position,” Mr Bitar said.

“There is a stark contrast between France’s current pusillanimity and [former French president Charles] de Gaulle’s courage when in December 1968, he imposed a total arms embargo on Israel to punish it after its attack on 14 civilian planes at the Beirut airport.”

France's allies in Lebanon appeared to have little hope that calls for a ceasefire either in Gaza or in Lebanon would be heard in Israel.

Speaking to radio France Inter on Monday, Lebanese Druze leader Walid Joumblatt appeared unconvinced that Mr Barrot's visit to Lebanon could achieve a diplomatic breakthrough.

France has lost considerable soft power in the region as it is perceived as having adopted a pro-Israel position
Karim Emile Bitar,
professor of international relations at St Joseph University of Beirut

“Can Mr Barrot get a ceasefire via the UN and then apply 1701? Can he? We saw that Mr Macron was unable to do so in the US,” said Mr Joumblatt, a former militia commander.

Diplomats have repeatedly said the solution to the decade-old conflict between Hezbollah and Israel is to observe the long-ignored 2006 UN resolution 1701, which calls for the withdrawal of Hezbollah from south Lebanon and an end to Israeli breaches of Lebanese airspace.

Hezbollah appears to have been significantly weakened by the killing of its leader and a number of other important figures, which came after an attack using pagers and walkie-talkies rigged with explosives maimed thousands.

"Arms should be silenced"

Speaking after emergency talks among EU foreign ministers on Monday, EU foreign affairs chief Josep Borrell said the bloc must work to prevent Lebanese state institutions, already weakened by a five-year financial crisis, from collapsing.

This includes the Lebanese army, which Lebanon's Western allies would like to see deployed more heavily across the south of the country as a replacement for Hezbollah fighters. UN peacekeepers, who monitor the border with Israel, should also be supported, said Mr Borrell.

"Arms should now be silenced, and the voice of diplomacy should speak and be heard by all," Mr Borrell said. "The sovereignty of both Israel and Lebanon has to be guaranteed, and any further military intervention will dramatically aggravate the situation, and it has to be avoided."

A number of EU countries including Germany have also individually called for Israel to stop bombing Lebanon. Yet Germany, which is the second biggest weapons exporter to Israel after the US, has so far refused to put significant diplomatic pressure on Israel.

EU countries should reconsider this position given the high risk of a wider regional war involving Iran, which supports Hezbollah in Lebanon and Hamas in Gaza, said Julien Barnes-Dacey, director of the Middle East and North Africa programme at the think tank ECFR.

“While continuing to press Iran and its allies to end all attacks, European leaders should also use their collective leverage to dissuade Israel from ongoing escalation and press it into an immediate ceasefire in Gaza, which is the clearest and probably only pathway to de-escalating wider tensions,” said Mr Barnes-Dacey.

“This should include suspending arms sales to Israel and reviewing the EU’s Association Agreement with the country – the linchpin of their bilateral relations and a key source of economic leverage. Europeans should work closely with Arab Gulf states to press the US to use its military leverage over [Israeli Prime Minister Benyamin] Netanyahu before it is too late.”

French Minister of Foreign Affairs Jean-Noel Barrot, centre, arrives to meet Lebanon's Parliament Speaker in Beirut on September 30, 2024. AFP
French Minister of Foreign Affairs Jean-Noel Barrot, centre, arrives to meet Lebanon's Parliament Speaker in Beirut on September 30, 2024. AFP

During his two-day visit to Lebanon, Mr Barrot was scheduled to meet Lebanese Christian Maronite patriarch Bechara Boutros Rai, Prime Minister Najib Mikati, army chief Gen Joseph Aoun, Parliament Speaker Nabih Berri, and representatives of the UN interim force in Lebanon, which is deployed along the border with Israel.

No meeting with Hezbollah political leaders appeared on Mr Barrot's agenda, although Mr Macron and his special envoy for Lebanon, Jean-Yves Le Drian, have previously met the leader of Hezbollah's parliamentary bloc, Mohammad Raad. Mr Borrell also met Mr Raad in January.

The EU and France have classified Hezbollah's military wing as a terrorist organisation but not its political leaders so as to keep diplomatic channels open.

Mr Barrot said on social media that France was sending medical aid to Lebanon to help hundreds of seriously injured patients. Photo: Jean-Noel Barrot/X
Mr Barrot said on social media that France was sending medical aid to Lebanon to help hundreds of seriously injured patients. Photo: Jean-Noel Barrot/X

Mr Barrot's first step on arrival in Beirut on Sunday night was to deliver 12 tonnes of medical aid to Lebanese authorities, enough to treat 1,000 seriously wounded people in hospitals. “We will always stand on the side of civilians,” Mr Barrot wrote on X.

He also announced the release of emergency humanitarian aid of €10 million ($11.2 million) to support the work of humanitarian organisations, including the Lebanese Red Cross.

“I have also allocated €10 million to support these humanitarian organisations, including the Red Cross. These funds are part of the €100 million we have already spent in Lebanon this year,” he said during the press conference.

In a statement on Saturday, the French Foreign Affairs Ministry called for an “immediate cessation of Israeli strikes in Lebanon and condemned any indiscriminate action against civilians.” It added that: “France is opposed to any ground operation in Lebanon.”

“Lebanon is going to need all the help it can get because the humanitarian situation is going to be very tough,” said Rym Momtaz, editor in chief of Carnegie Europe’s blog Strategic Europe.

But France can do more than simply sending humanitarian aid by working with the Lebanese army and Unifil to bolster their presence in south Lebanon, paving the way to putting UN Resolution 1701 into effect, Ms Momtaz told The National.

Mr Barrot announced his government was sending emergency humanitarian aid worth €10 million ($11.2 million) to aid agencies working in Lebanon. Photo: Jean-Noel Barrot/X
Mr Barrot announced his government was sending emergency humanitarian aid worth €10 million ($11.2 million) to aid agencies working in Lebanon. Photo: Jean-Noel Barrot/X

Israel must also play its part by not invading Lebanon and ceasing its constant breaches of Lebanese sovereignty, whether with drones, sonic booms or air strikes, added Ms Momtaz. “Without that, there cannot be peace,” she said.

In Beirut, where France is viewed as not having done enough to pressure Israel to stop expanding its military campaign, there was little hope for change.

Nobody can stop Israel, said Mr Joumblatt. “Israel does what it wants in Middle Eastern skies. Nobody dares stop Netanyahu, neither France, nor the US, nor anybody,” he said.

TO A LAND UNKNOWN

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Rating: 4.5/5

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Rating: 4/5

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COMPANY%20PROFILE
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MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia on October 10

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Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

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.”

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

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Rating: 4/5

Updated: September 30, 2024, 6:33 PM