Nawaf Salam was named as Lebanon’s next Prime Minister after receiving the support of 84 MPs when they held binding consultations with newly elected President Joseph Aoun on Monday.
Antoine Choucair, the director General of the Presidency, announced the result, saying Mr Salam was abroad and would arrive in Beirut tomorrow.
The designation of Mr Salam, a president of the International Court of Justice in The Hague, appeared to be a blow to Hezbollah, which was seen to have supported caretaker prime minister Najib Mikati.
According to Lebanon's constitution, the president chooses the prime minister and is bound to select the candidate with the most support during consultations with the 128 MPs. This means the support of 65 MPs is enough to be designated as prime minister, a threshold Mr Salam passed on Monday afternoon.
His designation, along with Mr Aoun's election, would mark a new era in Lebanese politics. Many are hopeful his appointment will start a new chapter in Lebanon's history, recently marred by war, economic collapse, and deep distrust and widespread dissatisfaction with the ruling classes. Neither Mr Aoun or Mr Salam are seen as part of that elite echelon.
As the talks began on Monday at the presidential palace in Baabda, Mr Salam was regarded as the front-runner along with Mr Mikati. But in the end it was not even close, with Mr Salam receiving the support of 84 MPs to Mr Mikati's nine. Some 35 abstained, including Hezbollah and its Shiite ally the Amal Movement – led by Parliamentary Speaker Nabih Berri.
On Monday afternoon, the situation changed quickly as several major parties said they would support Mr Salam.
They included the Free Patriotic Movement and the Druze Progressive Socialist Party, whose stance had been unclear going into the consultations.
Hezbollah and Amal had appeared to signal they would back Mr Mikati. But as the victory of Mr Salam was becoming clearer, both changed tack and did not nominate anyone.
'The era of weapons is over'
Hezbollah parliamentary leader Mohammad Raad called for a government that takes into account Lebanon's multi-confessional state; essentially saying that the Shiite community must be represented.
He accused Hezbollah's opponents of working for fragmentation and exclusion. He said the group had "extended its hand" by electing Mr Aoun as president last week only to find the "hand cut".
Georges Adwan, the parliamentary leader of the legislature's largest party, the Lebanese Forces, called on Hezbollah to focus on “political work”.
“The era of weapons is over,” he said, after the LF endorsed Mr Salam.
Since President Joseph Aoun comes from outside the class that ruled the country, it is necessary for people from this sphere to join him
MP Melhem Khalaf
The new prime minister will have the responsibility of steering Lebanon through several challenges, including rebuilding efforts and ensuring a ceasefire between Hezbollah and Israel holds.
Melhem Khalaf, an independent MP and constitutional expert who previously took to sleeping in parliament to protest against his colleagues' failure to elect a president, said his vote for Mr Salam was one “for change”.
“Since President Joseph Aoun comes from outside the class that ruled the country, it is necessary for people from this sphere to join him,” he added.
Mr Salam is a diplomat, legal scholar and former ambassador, who served as Lebanon’s permanent representative at the UN from 2007 to 2017.
Known for his technocratic expertise and reformist stance, Mr Salam has gained support from opposition factions and reformists who view him as a figure capable of introducing institutional change.
Mr Mikati phoned Mr Salam, who is in The Hague, as soon as the designation was made to congratulate him.
"It was my destiny to lead this country in its most difficult times, when many hesitated to take responsibility," said Mr Mikati, who was essentially head of state in the absence of a president as Israel waged a devastating war on Lebanon last year.
After Mr Aoun was elected last week, Mr Mikati said he was ready to serve as prime minister again if asked.
Opponents of Mr Mikati say he is part of the old regime, having been prime minister for three terms.
One of the wealthiest businessmen in Lebanon, Mr Mikati has often been characterised, during political deadlocks, as a consensus candidate acceptable to Lebanon's entrenched political blocs. While his supporters praise his experience and pragmatism, critics argue his leadership has failed to deliver reforms during Lebanon’s economic collapse.
An important development emerged early on Monday when MP Fouad Makhzoumi announced he was withdrawing from the race and supporting Mr Salam.
Mr Makhzoumi is an influential member of the coalition opposed to Hezbollah. At the weekend he received the support of parliament's largest party, the LF, which on Monday then went with Mr Salam after Mr Makhzoumi's withdrawal. Mr Makhzoumi said he did not want to split the opposition's vote.
Under the country's unique confessional system, the prime minister must be a Sunni Muslim. Nominating a candidate does not guarantee a new government will be formed.
The process can take months given deep political divisions and trading within a parliament where no party or bloc holds a majority. Mr Aoun's election came at a time of significant international pressure, particularly from the US and Saudi Arabia, and ended a two-and-a-half-year power vacuum.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
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- Upload the training certificate from a centre accredited by the GCAA
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What are the regulations?
- Fly it within visual line of sight
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PSA DUBAI WORLD SERIES FINALS LINE-UP
Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)
Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)
The low down on MPS
What is myofascial pain syndrome?
Myofascial pain syndrome refers to pain and inflammation in the body’s soft tissue. MPS is a chronic condition that affects the fascia (connective tissue that covers the muscles, which develops knots, also known as trigger points).
What are trigger points?
Trigger points are irritable knots in the soft tissue that covers muscle tissue. Through injury or overuse, muscle fibres contract as a reactive and protective measure, creating tension in the form of hard and, palpable nodules. Overuse and sustained posture are the main culprits in developing trigger points.
What is myofascial or trigger-point release?
Releasing these nodules requires a hands-on technique that involves applying gentle sustained pressure to release muscular shortness and tightness. This eliminates restrictions in connective tissue in orderto restore motion and alleviate pain. Therapy balls have proven effective at causing enough commotion in the tissue, prompting the release of these hard knots.
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.”
Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
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More on Quran memorisation:
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.
The specs: 2018 Audi R8 V10 RWS
Price: base / as tested: From Dh632,225
Engine: 5.2-litre V10
Gearbox: Seven-speed automatic
Power: 540hp @ 8,250rpm
Torque: 540Nm @ 6,500rpm
Fuel economy, combined: 12.4L / 100km