Members of the security forces of the newly formed Syrian government inspect vehicles at a security checkpoint on the Syrian border with Lebanon. AP
Members of the security forces of the newly formed Syrian government inspect vehicles at a security checkpoint on the Syrian border with Lebanon. AP
Members of the security forces of the newly formed Syrian government inspect vehicles at a security checkpoint on the Syrian border with Lebanon. AP
Members of the security forces of the newly formed Syrian government inspect vehicles at a security checkpoint on the Syrian border with Lebanon. AP

Lebanon deporting officers and soldiers of former regime back to Syria after illegal entry, sources confirm


Mohamad Ali Harisi
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Lebanese security forces have been deporting officers and soldiers from the former regime back to Syria after illegally crossing into Lebanon, security sources in Beirut said on Monday.

The National reported last week that high-ranking military and security officers and diplomats are among dozens of officials from Syria's collapsing regime who fled to Lebanon as rebels marched towards Damascus.

The security sources stated that since then, a "systematic illegal campaign" to smuggle soldiers and officers across the border has been under way, with Lebanese security forces actively pursuing these individuals, primarily young men, to deport them.

"A lot of Syrians fled to Lebanon, and many are still entering illegally," one of the sources said.

"Many young Syrians are arriving in buses after crossing illegally. The majority are officers and soldiers, while others have served briefly in the army but still fear being arrested," added the source. "Once they are stopped in Lebanon, they are sent back to Syria."

The security sources described multiple incidents where residents of some towns, suspecting Syrians were on board buses, attempted to stop the vehicles, interrogate the passengers, and then alerted security forces.

"In Tripoli [north] a few days ago, the army had to intervene to prevent residents of a neighbourhood from attacking a bus they had stopped. Upon inspection, it was discovered that the passengers were all Syrian soldiers. The army detained the Syrian men and sent them back across the border," one of the sources said.

Lebanon has been watching the collapse of the Syrian regime with a sense of anxiety. Syria invaded Lebanon in 1976 during the early years of the Lebanese civil war, maintaining an occupation and exerting substantial military and political influence for nearly 30 years before being forced out in 2005.

The Syrian regime maintained a firm grip on Lebanese affairs, infiltrating almost all facets of life. Top jobs in Lebanon would only go to allies of Damascus, and opponents risked assassination. Many of the Syrian regime officials owned properties in Lebanon.

The collapse of Syria's army has also flooded the country with firearms, pushing Lebanese gun dealers to profit by purchasing cheap guns and smuggling them into Lebanon, security and political sources said.

Until ten days ago, about 3,000 pieces had already been smuggled through illegal border crossings, especially in the north.

Syrians who have fled their country walk with their belongings after they arrived from Syria as they prepare to enter Lebanon. EPA
Syrians who have fled their country walk with their belongings after they arrived from Syria as they prepare to enter Lebanon. EPA

Lebanon has long struggled with the widespread presence of firearms and weaponry, with the ruling establishment, which has governed since the civil war that lasted between 1975 and 1990, remaining heavily armed. Among the dominant groups is Hezbollah, which fought a prolonged and devastating war with Israel that ended last November following a US-brokered ceasefire.

Israel's war, coupled with Hezbollah's diminishing power, led to fears of internal strife in Lebanon, as other armed groups might attempt to challenge Hezbollah's dominance. US officials involved in brokering the ceasefire have warned that the possibility of a civil war cannot be ruled out.

As the rebels looked set to take over Damascus two weeks ago, Lebanon immediately closed all of its land border crossings with Syria except for a main one that links Beirut with the Syrian capital. But many illegal border crossings, especially in the north, kept running.

A security source with access to border crossing data clarified that some Syrian officials and prominent figures who entered Lebanon as Damascus fell to the rebels have already departed through legal border terminals, including the airport. However, others either remain in Lebanon or have left through illegal channels.

Last week, Lebanese security forces arrested the wife and daughter of Duraid Al Assad, the nephew of ousted Syrian leader Bashar Al Assad, at Beirut’s Rafic Hariri International Airport. According to local media, the arrests were made after they were found with "forged" Syrian passports. This incident led to the halt of work at the Syrian embassy in Beirut amid suspicions that the passports were forged there.

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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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Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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Updated: December 31, 2024, 8:27 AM