'No life for Lebanon if government confronts us', Hezbollah chief warns


Jamie Prentis
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Hezbollah chief Naim Qassem has warned that there will be “no life” for Lebanon if authorities confront the Iran-backed movement, as tension over Beirut's plan to disarm the group escalates.

The Hezbollah secretary general accused the government of effectively handing Lebanon over to Israel by pushing for disarmament.

The Lebanese government last week adopted the objectives of a US proposal that includes the disarmament of Hezbollah, despite all Shiite ministers storming out of the cabinet meeting where the plan was being discussed.

The cabinet decision drew praise from the US, but sparked street protests in areas where Hezbollah has support.

“Are you satisfied that [Israeli Prime Minister Benjamin] Netanyahu congratulated you?” Mr Qassem said, accusing the government of following US and Israeli demands. “The government is implementing an American-Israeli order to end the resistance, even if it leads to civil war and internal strife,” Mr Qassem said.

In response, Prime Minister Nawaf Salam posted an excerpt of an interview he gave to the Asharq Al Awsat newspaper on X, in which he said Mr Qassem's comments "carry an implicit threat of civil war".

"No one in Lebanon today wants a civil war, and threatening or hinting at it is completely unacceptable," he said. "The talk that the Lebanese government is implementing an American-Israeli project is baseless," he said, insisting that decisions taken were "purely Lebanese".

"No party in Lebanon is authorised to bear arms outside the scope of the Lebanese state," he said. "No one has demanded that Hezbollah's weapons be handed over to the Israeli enemy, as some promote, but rather to the Lebanese army."

While Hezbollah has repeatedly rejected the government's plan to disarm it, Mr Qassem's speech is the strongest statement yet by the group. He called on authorities to build the country together, respecting all sects and religions. He spoke at an event to mark Arbaeen, which comes 40 days after the commemoration of Ashura.

“This is our land together, this is our homeland together, we live with pride together, and we build its sovereignty together,” he said. “Or there is no life for Lebanon if you try to confront us and eliminate us.”

He criticised the government, holding it responsible for failing to stop Israel's daily bombings of Lebanon and for not pursuing Israel over the five points of Lebanese territory it occupies.

“The resistance will not surrender its weapons while aggression continues, occupation persists, and we will fight it … if necessary to confront this American-Israeli project no matter the cost,” he said.

Hezbollah has repeatedly said it will not discuss a national defence strategy until Israel withdraws from Lebanon and ceases its bombing.

“There is still room for discussion, for adjustments, and for a political resolution before the situation escalates to a confrontation no one wants,” Mr Qassem said.

“But if it is imposed on us, we are ready.”

Mr Qassem said Hezbollah and the Amal movement, its Shiite ally, had decided to delay street protests against a US-backed disarmament plan because they still believe there is room for dialogue with the Lebanese government. But he threatened that protests could reach the US embassy in Lebanon.

The Hezbollah leader's speech was also criticised by some of the group's opponents.

“Naim Qassem's party brought occupation, humanitarian catastrophe and economic collapse to Lebanon,” said Ashraf Rifi, an MP and former interior minister. “Today, after its defeat, it threatens the Lebanese state and people, presents itself as a victim and accuses the majority of treason.”

Mr Qassem's speech follows a meeting this week with Ali Larijani, Secretary of Iran's Supreme National Security Council. He was visiting Beirut and held a number of tense meetings with Lebanese officials.

In a powerful rebuke of the group's main backer, Lebanon's President and Prime Minister told Mr Larijani of their deep dissatisfaction over Iran's criticism of plans to disarm Hezbollah.

Last week the government gave the army until the end of the month to prepare a plan to bring all weapons under state control by the end of 2025.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

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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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Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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Updated: August 29, 2025, 12:53 PM