People push luggage outside Beirut international airport. Many countries have urged their citizens to leave Lebanon. Reuters
People push luggage outside Beirut international airport. Many countries have urged their citizens to leave Lebanon. Reuters
People push luggage outside Beirut international airport. Many countries have urged their citizens to leave Lebanon. Reuters
People push luggage outside Beirut international airport. Many countries have urged their citizens to leave Lebanon. Reuters

Canada tells citizens to leave Lebanon as Israel-Hezbollah conflict intensifies


Jamie Prentis
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Canada has reiterated its call for its citizens to leave Lebanon due to the deteriorating security situation, as Israel and Hezbollah trade daily exchanges of fire.

“Security situation in Lebanon is becoming increasingly volatile and unpredictable due to sustained and escalating violence between Hezbollah and Israel and could deteriorate further without warning,” Canada's Foreign Minister Melanie Joly said.

“My message to Canadians has been clear since the beginning of the crisis in the Middle East: it is not the time to travel to Lebanon. And for Canadians currently in Lebanon it is time to leave, while commercial flights remain available.”

Since October, when the clashes broke out in parallel to the Israel-Gaza war, many countries have urged their citizens to leave Lebanon.

While the exchanges of fire have been generally contained to the Israel-Lebanon border region, increasingly they have expanded further into both countries.

Israel has hit as far as Hermel in Lebanon's north-eastern border region with Syria.

“If the armed conflict intensifies, it could impact your ability to leave the country and our ability to provide you with consular services,” Ms Joly added.

“Canada is not currently offering assisted departures or evacuations for Canadians in Lebanon and these are not guaranteed.”

2006 evacuations

In 2006, the last time Hezbollah and Israel engaged in an all-out war, Canada leased seven ships to evacuate a possible 50,000 Canadians. Ultimately, about 15,000 people were evacuated in what was known as Operation Lion, although not all were Canadians. Many Lebanese hold dual citizenships, including from Canada.

Tens of thousands of people have been displaced either side of the Lebanese-Israel border due to the conflict, which shows no sign of abating.

On a visit to Beirut on Wednesday, Vatican Secretary of State Pietro Parolin urged parties in the Middle East to accept peace proposals, saying the region, including Lebanon, “doesn't need war”.

“The Middle East is going through a critical moment,” Mr Parolin said.

The Holy See “asks for peace proposals to be welcomed, so that fighting stops on each side, so hostages in Gaza are released, so that the necessary aid arrives unhindered to the Palestinian population”, he said.

“Lebanon, the Middle East, the whole world certainly doesn't need war.”

Israel has repeatedly threatened to launch a ground incursion into south Lebanon, while Hezbollah has said it will not end its attacks until Israel stops its brutal bombardment of the Gaza Strip.

German Foreign Minister Annalena Baerbock, who visited Israel and Lebanon this week, said any “miscalculation” could trigger all-out war between Israel and Hezbollah in Lebanon, and called for caution.

“With every rocket across the Blue Line between Lebanon and Israel, the danger grows that a miscalculation could trigger a hot war,” she wrote on X during her stop in Beirut on Tuesday, referring to the demarcation line separating the neighbouring countries.

“All who bear responsibility must exercise extreme restraint.”

Also on Tuesday, the UN's Interim Force in Lebanon (Unifil) said three contractors returning home from the peacekeepers' base in the south Lebanon village of Shamaa “had their vehicle hit by gunfire”, reporting “no serious injuries”.

“We reiterate our condemnation of any attack on civilians, or any action that puts civilian lives in danger,” Unifil deputy spokeswoman Kandice Ardiel said, without indicating the source of the fire.

“This includes the locals who continue to reside in their villages and provide essential services to support peacekeepers in their work.”

Unifil soldiers clean the weapons of UN vehicles in a base at the Israel-Lebanon border. Oliver Marsden for The National
Unifil soldiers clean the weapons of UN vehicles in a base at the Israel-Lebanon border. Oliver Marsden for The National

Turkish President Recep Tayyip Erdogan said on Wednesday that Turkey stood in solidarity with Lebanon in light of the growing tensions and called on regional countries to also support Beirut.

“Israel, which has destroyed Gaza, has now set its sight on Lebanon,” Mr Erdogan said in parliament. “[Israeli President Benjamin] Netanyahu’s plans to spread the war to the region, with the consent of the West, will lead to a great disaster.”

He said Western support for Israel was “pitiful”.

Israel's military said last week that plans for an offensive in Lebanon were “approved and validated”, prompting fresh threats from Hezbollah chief Hassan Nasrallah.

Mr Netanyahu said on Monday that some forces involved in the campaign against Hamas in Gaza would be redeployed to the northern border with Lebanon.

The US, Israel's key ally, warned of the risk of a major conflict against Hezbollah, which is backed by Iran.

“Hezbollah’s provocations threaten to drag the Israeli and Lebanese people into a war that they do not want, and such a war would be a catastrophe for Lebanon, and it would be devastating for innocent Israeli and Lebanese civilians,” US Defence Secretary Lloyd Austin told his visiting Israeli counterpart Yoav Gallant on Tuesday.

“Another war between Israel and Hezbollah could easily become a regional war, with terrible consequences for the Middle East.”

2006 Israel-Lebanon war – in pictures

  • A Lebanese boy on a car destroyed during the conflict between Israel and Hezbollah in a Beirut suburb in September 2006. All photos: Reuters
    A Lebanese boy on a car destroyed during the conflict between Israel and Hezbollah in a Beirut suburb in September 2006. All photos: Reuters
  • A Hezbollah gunman in a Beirut suburb, July 17, 2006
    A Hezbollah gunman in a Beirut suburb, July 17, 2006
  • A man passes a destroyed building in the southern suburbs of Beirut, August 10, 2006
    A man passes a destroyed building in the southern suburbs of Beirut, August 10, 2006
  • Lebanese residents in the rubble of their homes after returning to Beirut's southern suburbs, August 16, 2006
    Lebanese residents in the rubble of their homes after returning to Beirut's southern suburbs, August 16, 2006
  • Residents watch an excavator remove rubble from damaged apartment blocks in a south Beirut suburb, September 1, 2006
    Residents watch an excavator remove rubble from damaged apartment blocks in a south Beirut suburb, September 1, 2006
  • A Lebanese woman outside her destroyed apartment in south Beirut, July 2006. Israeli jets bombed the area late the night before
    A Lebanese woman outside her destroyed apartment in south Beirut, July 2006. Israeli jets bombed the area late the night before
  • A fire at Beirut international Airport after Israeli air strikes, July 14, 2006
    A fire at Beirut international Airport after Israeli air strikes, July 14, 2006
  • A Greek soldier stands guard as Greek citizens board the Greek frigate 'Psara' during an evacuation operation in Beirut port, July 18, 2006
    A Greek soldier stands guard as Greek citizens board the Greek frigate 'Psara' during an evacuation operation in Beirut port, July 18, 2006
  • A girl calls her mother to board a bus taking civilians from Beirut during an evacuation operation, July 18, 2006
    A girl calls her mother to board a bus taking civilians from Beirut during an evacuation operation, July 18, 2006
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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.”

Updated: June 26, 2024, 1:08 PM