In the past three years since Lebanon’s financial collapse, almost nothing has been done by the country’s political class to remedy the situation. None of the International Monetary Fund (IMF) reforms have been implemented (except indirectly), and almost nobody believes the politicians will reverse this in the foreseeable future.
That’s not to say the country’s finances and the economy haven’t changed. Economic realities, particularly dwindling foreign currency reserves, have forced the state to cut back on most subsidies. The mass departure of civil servants from the public administration due to the radical depreciation of the Lebanese pound has effectively led to an administrative purge. And the collapse of the pound, which has lost 96 per cent of its value since November 2019, has reduced the value of the domestic debt.
However, the politicians’ indolence has led to enormous suffering, pushing the World Bank to describe the economic situation as a “deliberate depression”. Yet until now, there has been no accountability for those responsible. In last May's elections, leading politicians and their allies were re-elected to parliament, as many voters returned those who had robbed them.
As it observes the situation, how might Hezbollah react? The question has more than academic value since the party has been on a sharp learning curve in the past six years. In 2016, it imposed Michel Aoun as president and essentially took control of most of the major posts in the state. The president was an ally, as was the speaker of parliament, while the prime minister was largely circumscribed by Hezbollah and its allies in the government.
Yet this enhanced control did the party little good. The financial crises and Mr Aoun’s catastrophic presidency showed Hezbollah the risks of supporting one side against the other in a divided and volatile country. By the end of the president’s term, Hezbollah was looking for a way to avoid being blamed for the deteriorating situation, which is why it has not backed Mr Aoun’s son in law, Gebran Bassil, to succeed him.
Aoun’s catastrophic presidency showed Hezbollah the risks of supporting one side against the other in a divided and volatile country
However, beyond that, does Hezbollah need to plan for a more transformative period ahead in the country? That may sound like an odd question when Lebanon appears immune to change. Yet the party cannot be indifferent to the current uprising in Iran, which has shown a fundamental rift between the country’s leadership and a significant part of Iranian society. Even if the authorities reimpose order, many observers believe the system will have to change to survive.
Hezbollah has also learnt that the Lebanese sectarian system can be treacherous. Last year alone, the party and its allies found themselves caught up in three sectarian incidents – with the Sunnis, Druze, and Christians – any one of which could have had serious repercussions not only for internal stability, but also on Hezbollah’s relations with other communities.
In this context, might Hezbollah try to secure its role in Lebanon by placing it on a stronger footing? Might this imply concessions on its part? The sceptics say no, and they may well be right. Hezbollah will not budge on any of its principles – retaining its weapons, the alliance with Iran, and the need to control the commanding heights of the state – until it is forced to. However, it’s equally conceivable that by that time things may be too late.
Some of the things to watch for in the near future will help us to better assess how Hezbollah views the future. The refusal to endorse Mr Bassil has already shown the party doesn't want to be burned again by imposing a president. However, Hezbollah is widely understood to back Suleiman Franjieh today, but has not ruled out other candidates, including the army commander Joseph Aoun, who enjoys wider national and international support.
It will be interesting to see if Hezbollah would be willing to go so far as to support Joseph Aoun’s election, if Mr Franjieh fails to get enough votes. If it does, it would be a calculated risk. The army commander’s election would be a sign to other parts of the region that the party is willing to compromise over a candidate. At the same time, it remains evident that no president, no matter how popular, could govern against Hezbollah. That reality may make the party more amenable to Joseph Aoun.
Second, might the party support an IMF plan for Lebanon? Most people assume there is nothing Hezbollah would like less. However, in an interview with Reuters last June, the party’s deputy secretary general was more ambiguous, saying that financial recovery was a priority, and that an IMF deal was a “necessary bridge” towards other funding.
A third sign to watch out for is how Hezbollah deals with other Arab states. Until recently, it had reacted with hostility to whatever these states did. However, there have been signs lately that Hezbollah may seek a compromise with Saudi Arabia. Most recently, this involved having a journalist with ties to Hezbollah proposing a presidential quid pro quo, whereby the president would be close to the party and the prime minister close to Riyadh.
There are contradictory reports on the Saudi reaction. Some argue the Saudis have rejected this idea, while others are saying they may be willing to consider it. Whatever the truth, the fact that the idea was floated shows Hezbollah may be altering its attitude.
It’s best not to be over-optimistic about the party's flexibility. However, facing real challenges inside Lebanon and in the region, Hezbollah may wonder about whether it can sustain its current ascendency indefinitely, or whether change is needed. The coming weeks will tell us if that is indeed the case, or whether Hezbollah sees no need to loosen its grip.
UAE currency: the story behind the money in your pockets
Superliminal%20
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The%20Afghan%20connection
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Cheeseburger%20ingredients
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Company%20profile
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RACE CARD
6.30pm Maiden Dh165,000 (Dirt) 1,200
7.05pm Handicap Dh165,000 (D) 1,600m
7.40pm Maiden Dh165,000 (D) 1,600m
8.15pm Handicap Dh190,000 (D) 1,600m
8.50pm Handicap Dh175,000 (D) 1,400m
9.25pm Handicap Dh175,000 (D) 2,000m
The National selections:
6.30pm Underwriter
7.05pm Rayig
7.40pm Torno Subito
8.15pm Talento Puma
8.50pm Etisalat
9.25pm Gundogdu
ODI FIXTURE SCHEDULE
First ODI, October 22
Wankhede Stadium, Mumbai
Second ODI, October 25
Maharashtra Cricket Association Stadium, Pune
Third ODI, October 29
Venue TBC
Brief scoreline:
Manchester United 0
Manchester City 2
Bernardo Silva 54', Sane 66'
ANATOMY%20OF%20A%20FALL
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJustine%20Triet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ESandra%20Huller%2C%20Swann%20Arlaud%2C%20Milo%20Machado-Graner%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
MATCH INFO
Day 2 at Mount Maunganui
England 353
Stokes 91, Denly 74, Southee 4-88
New Zealand 144-4
Williamson 51, S Curran 2-28
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Arabian Gulf League fixtures:
Friday:
- Emirates v Hatta, 5.15pm
- Al Wahda v Al Dhafra, 5.25pm
- Al Ain v Shabab Al Ahli Dubai, 8.15pm
Saturday:
- Dibba v Ajman, 5.15pm
- Sharjah v Al Wasl, 5.20pm
- Al Jazira v Al Nasr, 8.15pm
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Company%20Profile
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Sreesanth's India bowling career
Tests 27, Wickets 87, Average 37.59, Best 5-40
ODIs 53, Wickets 75, Average 33.44, Best 6-55
T20Is 10, Wickets 7, Average 41.14, Best 2-12
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The Uefa Awards winners
Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)
Uefa Women's Player of the Year: Lucy Bronze (Lyon)
Best players of the 2018/19 Uefa Champions League
Goalkeeper: Alisson (Liverpool)
Defender: Virgil van Dijk (Liverpool)
Midfielder: Frenkie de Jong (Ajax)
Forward: Lionel Messi (Barcelona)
Uefa President's Award: Eric Cantona
COMPANY%20PROFILE
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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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The biog
Name: Atheja Ali Busaibah
Date of birth: 15 November, 1951
Favourite books: Ihsan Abdel Quddous books, such as “The Sun will Never Set”
Hobbies: Reading and writing poetry
Scoreline:
Everton 4
Richarlison 13'), Sigurdsson 28', Digne 56', Walcott 64'
Manchester United 0
Man of the match: Gylfi Sigurdsson (Everton)
UK%20record%20temperature
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THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
Women%E2%80%99s%20Asia%20Cup
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MATCH INFO
Liverpool 2 (Van Dijk 18', 24')
Brighton 1 (Dunk 79')
Red card: Alisson (Liverpool)
match details
Wales v Hungary
Cardiff City Stadium, kick-off 11.45pm
Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
'Doctor Strange in the Multiverse Of Madness'
Director: Sam Raimi
Cast: Benedict Cumberbatch, Elizabeth Olsen, Chiwetel Ejiofor, Benedict Wong, Xochitl Gomez, Michael Stuhlbarg and Rachel McAdams
Rating: 3/5
The%20specs
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
INVESTMENT PLEDGES
Cartlow: $13.4m
Rabbitmart: $14m
Smileneo: $5.8m
Soum: $4m
imVentures: $100m
Plug and Play: $25m
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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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
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
GULF MEN'S LEAGUE
Pool A Dubai Hurricanes, Bahrain, Dubai Exiles, Dubai Tigers 2
Pool B Abu Dhabi Harlequins, Jebel Ali Dragons, Dubai Knights Eagles, Dubai Tigers
Opening fixtures
Thursday, December 5
6.40pm, Pitch 8, Abu Dhabi Harlequins v Dubai Knights Eagles
7pm, Pitch 2, Jebel Ali Dragons v Dubai Tigers
7pm, Pitch 4, Dubai Hurricanes v Dubai Exiles
7pm, Pitch 5, Bahrain v Dubai Eagles 2
Recent winners
2018 Dubai Hurricanes
2017 Dubai Exiles
2016 Abu Dhabi Harlequins
2015 Abu Dhabi Harlequins
2014 Abu Dhabi Harlequins
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
What is graphene?
Graphene is a single layer of carbon atoms arranged like honeycomb.
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.
At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.
It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.
But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Meydan race card
6.30pm: Baniyas (PA) Group 2 Dh125,000 (Dirt) 1,400m
7.05pm: Maiden (TB) Dh165,000 (D) 1,200m
7.40pm: Maiden (TB) Dh165,000 (D) 1,400m
8.15pm: Handicap (TB) Dh170,000 (D) 1,900m
8.50pm: Rated Conditions (TB) Dh240,000 (D) 1,600m
9.25pm: Handicap (TB) Dh175,000 (D)1,200m
10pm: Handicap (TB) Dh165,000 (D) 1,400m
How it works
Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com
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