Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA
Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA
Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA
Lebanese MPs speak to each other prior to the start of a parliament session to elect a new Lebanese president, in Beirut, Lebanon, on November 10. EPA


Lebanon's tricky search for a consensus to pick a president


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November 23, 2022

The Taif Accord of 1989, which led to fundamental constitutional changes in Lebanon, reduced the powers of the country’s president. Yet the institution is significant.

According to the constitution, the president, who by custom is always a Maronite Christian, is described as “the head of state and the symbol of the nation’s unity". His or her main purpose is to “safeguard the constitution and Lebanon’s independence, unity, and territorial integrity".

While there is much in this formulation that is open to interpretation, there is also a refreshing clarity in that a president has responsibilities to which all Lebanese communities and factions can, or should, agree. You would have thought so, at least.

Yet in the last 10 days, several communal representatives, namely Hezbollah’s secretary general, Hassan Nasrallah, and three former prime ministers, have sought to define the kind of president they would view as ideal. Lebanon is in the midst of a presidential vacuum, after the end of Michel Aoun’s term, and the country’s many political forces have yet to agree on a successor.

While the preferred guidelines that have been announced do not necessarily contradict the constitution, it is revealing that everyone should still be defining the role of the presidency, sometimes beyond what the constitution mandates. If anything illustrates how far Lebanon’s political forces have drifted away from a document that should reflect a national consensus, it is the divisive way they continue to impose conditions on its fundamental provisions.

In a speech on November 11, Nasrallah declared that Hezbollah sought a president “who reassures” those backing the resistance. He must be someone “who will not sell” the resistance, “scare it, or plot against it". Hezbollah wants a president “who is courageous", and will not tremble if the US embassy, State Department, or US Central Command “shouts at him”.

Lebanon today is not a normal country and no new national consensus seems possible

Nasrallah’s comments were part of a more complicated process of advancing the fortunes of the party’s favourite candidate – by all accounts Suleiman Franjieh – at a time when its major Christian ally, Gebran Bassil, is seeking Hezbollah’s endorsement for his candidacy. But it is also more than that. What Nasrallah effectively did was impose a para-constitutional filter on all potential presidents, which effectively alters the constitution’s meaning.

Hezbollah’s main rival, the Lebanese Forces, has not acted very differently. Weeks ago, the party’s leader, Samir Geagea, declared that he would support a “confrontation president", one who would oppose “everyone who has ruined their lives". However, Mr Geagea has made clear many times since then that the main target to “confront” was Hezbollah and its allies.

Members of the presidential guards remove a Lebanese flag after six-year term of former Lebanese President Michel Aoun officially ended, at Baabda Palace, east of Beirut, Lebanon, on November 01. EPA
Members of the presidential guards remove a Lebanese flag after six-year term of former Lebanese President Michel Aoun officially ended, at Baabda Palace, east of Beirut, Lebanon, on November 01. EPA

By affirming their contrasting approaches, both Nasrallah and Mr Geagea paid little heed to the central role of the president as a “symbol of the nation’s unity". Neither of their projects will help unity, despite their belief in the contrary. To many Lebanese, Hezbollah’s resistance project is little more than a facade to ensure continued Iranian control over their country. As for Mr Geagea, most Lebanese would regard his ambition as placing Lebanon on a path to civil war.

In the wake of Nasrallah’s speech, three present and former prime ministers, who convene frequently to co-ordinate their positions, met on November 14 at prime minister-designate Najib Mikati’s home and outlined their vision of a president. They expressed support for a president “strong through his wisdom who should enjoy the backing and confidence of all Lebanese, not just one specific group". They went on to say that the president “should respect the constitution, the Taif Accord, and resolutions of the UN Security Council and the Arab League".

The prime ministers are all from the Sunni community, and their effort to defend the Saudi-sponsored Taif Accord and Security Council and Arab League decisions was clearly a riposte to Nasrallah’s speech, despite the denials of one of the three participants, Fouad Al Sanioura. Affirming Lebanon’s Arab identity has long been a cornerstone of the Sunni community, at a time when Hezbollah has sought to limit Lebanon’s ties with the Gulf states in particular.

Given these very different perceptions of what a president should be, it is no surprise that post-war presidents have fallen into two categories: They have either been figures who have had to satisfy all the major political actors, leaving them with almost no latitude to advance an agenda of their own; or they have sought to satisfy Hezbollah (and previously Syria) against a large segment of hostile Lebanese, dividing the country even more.

The simple reality is that Lebanon is so disunited over the most fundamental aspects of its social contract, that its head of state, whoever he or she is, cannot possibly be effective as a leader. Which makes one wonder why so many Maronites are willing to virtually destroy the country to get the job. But more profoundly, a normal country that cannot agree on what the president’s role is should seek harmony over a new social contract, then amend its constitution accordingly.

However, Lebanon today is not a normal country and no new national consensus seems remotely possible. That is why the presidency, towards which many Lebanese are looking, has become far more a symptom of the country’s ills than an institution that can help resolve them.

The Byblos iftar in numbers

29 or 30 days – the number of iftar services held during the holy month

50 staff members required to prepare an iftar

200 to 350 the number of people served iftar nightly

160 litres of the traditional Ramadan drink, jalab, is served in total

500 litres of soup is served during the holy month

200 kilograms of meat is used for various dishes

350 kilograms of onion is used in dishes

5 minutes – the average time that staff have to eat
 

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HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

Super 30

Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

MATCH INFO

Everton 0

Manchester City 2 (Laporte 45 2', Jesus 90 7')

Specs

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Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

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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.”

Scores

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Thanksgiving meals to try

World Cut Steakhouse, Habtoor Palace Hotel, Dubai. On Thursday evening, head chef Diego Solis will be serving a high-end sounding four-course meal that features chestnut veloute with smoked duck breast, turkey roulade accompanied by winter vegetables and foie gras and pecan pie, cranberry compote and popcorn ice cream.

Jones the Grocer, various locations across the UAE. Jones’s take-home holiday menu delivers on the favourites: whole roast turkeys, an array of accompaniments (duck fat roast potatoes, sausages wrapped in beef bacon, honey-glazed parsnips and carrots) and more, as  well as festive food platters, canapes and both apple and pumpkin pies.

Ruth’s Chris Steakhouse, The Address Hotel, Dubai. This New Orleans-style restaurant is keen to take the stress out of entertaining, so until December 25 you can order a full seasonal meal from its Takeaway Turkey Feast menu, which features turkey, homemade gravy and a selection of sides – think green beans with almond flakes, roasted Brussels sprouts, sweet potato casserole and bread stuffing – to pick up and eat at home.

The Mattar Farm Kitchen, Dubai. From now until Christmas, Hattem Mattar and his team will be producing game- changing smoked turkeys that you can enjoy at home over the festive period.

Nolu’s, The Galleria Mall, Maryah Island Abu Dhabi. With much of the menu focused on a California inspired “farm to table” approach (with Afghani influence), it only seems right that Nolu’s will be serving their take on the Thanksgiving spread, with a brunch at the Downtown location from 12pm to 4pm on Friday.

Day 1, Abu Dhabi Test: At a glance

Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.

Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.

The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.

Tell Me Who I Am

Director: Ed Perkins

Stars: Alex and Marcus Lewis

Four stars

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

INVESTMENT PLEDGES

Cartlow: $13.4m

Rabbitmart: $14m

Smileneo: $5.8m

Soum: $4m

imVentures: $100m

Plug and Play: $25m

Summer special
The biog

Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
 

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The specs

Engine: 5.0-litre V8

Power: 480hp at 7,250rpm

Torque: 566Nm at 4,600rpm

Transmission: 10-speed auto

Fuel consumption: L/100km

Price: Dh306,495

On sale: now

Updated: November 23, 2022, 4:00 AM