Lebanon's Hezbollah leader Naim Qassem has led the group since 2024. Reuters
Lebanon's Hezbollah leader Naim Qassem has led the group since 2024. Reuters
Lebanon's Hezbollah leader Naim Qassem has led the group since 2024. Reuters
Lebanon's Hezbollah leader Naim Qassem has led the group since 2024. Reuters

Naim Qassem warns Hezbollah 'will not allow anyone to disarm' group


Jamie Prentis
  • English
  • Arabic

Hezbollah chief Naim Qassem has said the group “will not allow anyone to disarm” it and that no dialogue over a broader defence strategy in Lebanon will take place until Israel withdraws from Lebanese territory.

“Our weapons are the backbone of the resistance, they are the ones that liberated our country,” Mr Qassem said in a televised speech on Friday night. “We must cut this idea of disarmament from the dictionary.”

Mr Qassem said those who publicly called for the disarmament of Hezbollah were seeking to “create strife” between the group and the Lebanese Army and he said they would not succeed.

Lebanon is under pressure from countries such as the US to fully disarm Hezbollah, the Lebanese armed group and political party that was weakened by its war with Israel last year.

But disarming the group, which still wields considerable firepower and support from its Shiite follower base, is a deeply sensitive issue in Lebanon – and once an unthinkable conversation.

“Lebanon cannot submit to American commands,” Mr Qassem said.

President Joseph Aoun has said he wants to bring all weapons under state control by the end of the year, but has insisted this must only be done through dialogue. The former army commander has also said Hezbollah fighters could be allowed to join the Lebanese military.

Despite a ceasefire deal being agreed last November between Hezbollah and Israel, the latter has continued to regularly bombard Lebanon and retains five positions within Lebanese territory.

Under the truce, Hezbollah was to pull its fighters back north of Lebanon's Litani River and dismantle any remaining military infrastructure in the south.

The Lebanese Army has gradually increased its presence in the south under the terms of the deal.

Mr Qassem said Hezbollah and Lebanon had abided by the agreement, but Israel had broken it more than 2,700 times. Hezbollah insists the ceasefire terms do not apply to the rest of Lebanon.

“The ceasefire agreement clearly mentions that the scope of the agreement is strictly in the south of the Litani area,” Mr Qassem said.

He became the secretary general of Hezbollah last year after his long-time predecessor Hassan Nasrallah was killed by Israel in bombing of Beirut. In 2024, Israel also wiped out almost all of Hezbollah's senior leadership, but killed more than 4,000 people – while its attacked displaced more than 1.2 million people in Lebanon.

The financial cost to Lebanon is many billions of dollars, and vast parts of the country have been levelled. Who will rebuild Lebanon remains unclear, as it was already grappling with a major economic crisis and with international donors holding back. Some, such as the US, have hinted that any future aid is conditional on a further weakening of Hezbollah.

Mr Qassem said “the Lebanese state must begin to commit to its duty of reconstruction” and warned against “tying the beginning of reconstruction to disarming”.

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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: April 19, 2025, 10:30 AM