In the aftermath of Saad Hariri’s withdrawal from politics last week, the question on many people’s minds was what would happen to Lebanon’s Sunni community, now that it was without its long-standing political leader.
One scenario was of particular concern. With Mr Hariri saying he would not be a candidate in parliamentary elections in May, and another former prime minister, Tammam Salam, also announcing he would not stand, all eyes turned to a third former prime minister, Fouad Siniora, and to the current head of government, Najib Mikati. Mr Mikati has hinted he himself might not run, while Mr Siniora may be constrained to do the same by the withdrawal of his ally, Mr Hariri.
What would happen then? One argument is that if four former prime ministers are not candidates, second-tier Sunni parliamentarians, who had been elected on their lists, might also choose to not participate. And if so, this could result in a de facto partial Sunni election boycott.
The implications for Lebanon’s sectarian system would be immense. The Sunnis are one of the country’s leading communities and numerically perhaps the largest. If their principal candidates opted not to run, it would effectively delegitimise the electoral process. Such a situation could lead to a postponement of elections.
Ironically, this outcome alarmed Mr Hariri’s political adversaries, namely Hezbollah and the Free Patriotic Movement of President Michel Aoun. Without a Sunni cover, Hezbollah would find itself isolated at the top of the state, amid growing hostility from Lebanese Sunnis and many Christians.
Mr Aoun’s primary aim today is to have his son-in-law, Gebran Bassil, succeed him later this year when his term ends. If Sunnis were to not participate in elections, it is conceivable that the current batch of Sunni parliamentarians could resign from parliament as well, undermining the election of a president (parliament elects presidents in Lebanon). This would derail Mr Bassil’s presidential ambitions.
Last weekend, the probability of such a development appeared to lessen somewhat, when Mr Mikati and Mr Siniora declared that they opposed a boycott. However, this was only mildly reassuring, as neither of them affirmed he would be a candidate, even if each one might support candidate lists. Yet the question remained the same: If the two men did not themselves run, might other leading Sunnis do so?
Sensing the political risks, Mr Aoun did something unprecedented on Saturday. He visited the leading Sunni religious figure, Mufti Abdul-Latif Deryan, and affirmed the importance of the Sunni contribution to politics. Mr Aoun stated, “We do not want the Sunni sect to leave political life in Lebanon, because we have heard a boycott may occur… When Lebanon loses one of its major components, it threatens the society to which we are accustomed and in which we were brought up.”
While the Mikati and Siniora statements, followed by the President’s, were reassuring, they did not dispel a suspicion that, by withdrawing, Mr Hariri may have also tried to set a trap for Hezbollah. In his speech announcing his decision to step down, he implied that because of Iranian and Hezbollah domination of Lebanon, involvement in domestic politics served no purpose. It was better to let Hezbollah run the country alone, and face the backlash to its errors.
If Sunnis were to act on this view, Hezbollah would face a very serious challenge. The Sunni action would be exacerbated by the fact that many Christians hold the party responsible for the Beirut port explosion of August 2020, which devastated mainly Christian areas, and believe it is now trying to block an investigation of the disaster.
Most Lebanese strongly oppose the party’s efforts to carry Lebanon into the Iranian camp
Assuming that a de facto boycott does happen, the solutions to avert the worst are not evident. The government may try to postpone elections, which would require that the parliament speaker, Nabih Berri, secure a vote by parliament to extend its term. However, if Sunni parliamentarians, mostly from Mr Hariri’s bloc, were to resign en masse, this would undermine the legitimacy of the move.
For many Sunnis, bringing home to Hezbollah how much the party is reliant on Sunni compliance to function would be very tempting. It would be doubly so as Hezbollah has not hesitated to humiliate Sunnis, as in May 2008 when it overran many Sunni neighbourhoods following a political dispute, or as it continues to do today, when its leaders regularly insult Sunni-majority Arab states.
The risk, however, is that a standoff between Sunnis and Shiites could balloon into a sectarian confrontation over the direction in which Hezbollah is taking Lebanon. Most Lebanese, it is safe to say, strongly oppose the party’s efforts to carry Lebanon into the Iranian camp. Hezbollah has shown it cares little about such misgivings. By pushing the party out on a limb to face the consequences of its actions alone, the Sunnis may see an opening to make Hezbollah pay for its haughtiness.
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The specs
The specs: 2019 Audi Q8
Price, base: Dh315,000
Engine: 3.0-litre turbocharged V6
Gearbox: Eight-speed automatic
Power: 340hp @ 3,500rpm
Torque: 500Nm @ 2,250rpm
Fuel economy, combined: 6.7L / 100km
Mohammed bin Zayed Majlis
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
The story of Edge
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.
It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.
Edge has an annual revenue of $5 billion and employs more than 12,000 people.
Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab
UJDA CHAMAN
Produced: Panorama Studios International
Directed: Abhishek Pathak
Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla
Rating: 3.5 /5 stars
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.”
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
LIKELY TEAMS
South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.
India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.
Company%20Profile
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