Iran's Foreign Minister Abbas Araghchi speaking during a memorial event for Hezbollah leader Hassan Nasrallah in Tehran. AFP
Iran's Foreign Minister Abbas Araghchi speaking during a memorial event for Hezbollah leader Hassan Nasrallah in Tehran. AFP
Iran's Foreign Minister Abbas Araghchi speaking during a memorial event for Hezbollah leader Hassan Nasrallah in Tehran. AFP
Iran's Foreign Minister Abbas Araghchi speaking during a memorial event for Hezbollah leader Hassan Nasrallah in Tehran. AFP


Iran won't loosen its grip on Lebanon anytime soon and that could backfire


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November 20, 2024

Last week, US ambassador to Lebanon Lisa Johnson handed a ceasefire proposal to the country’s Parliament Speaker, Nabih Berri, to bring the fighting in the country to an end. Mr Berri is the main Lebanese interlocutor with Hezbollah. A day later, an Iranian special envoy, Ali Larijani, arrived in Beirut to discuss the Lebanese response to the draft ceasefire proposal. This sequence of events revealed a great deal.

Since Hezbollah’s political and military leaderships were decapitated by Israel, Iran has come to play a direct role in the group’s decision-making. It may have been an anomaly to see Mr Berri reviewing a ceasefire proposal addressed to Lebanon with a foreign official, but the war in Lebanon is effectively now a conflict between Israel and Iran, with the Lebanese serving as Iranian cannon fodder.

Whatever else happens, Iran’s position in Lebanon is bound to come under increasing stress in the coming months. Most of the country’s communities would like to see Hezbollah disarmed and its weapons integrated into the state. This has left the group isolated at home as it continues to face a major Israeli onslaught, which is likely to escalate if no ceasefire agreement is soon agreed to.

Lebanese Parliament Speaker Nabih Berri, centre, walks with Ali Larijani, an adviser to Iran's supreme leader Ali Khamenei, in Beirut, on November 15. AP
Lebanese Parliament Speaker Nabih Berri, centre, walks with Ali Larijani, an adviser to Iran's supreme leader Ali Khamenei, in Beirut, on November 15. AP
The US ceasefire plan was concocted with the Israelis, and some have described it as a take-it-or-leave-it offer

Yet Iran has little incentive to accept the US proposal passed on to the Lebanese, largely because it sets up a committee, reportedly to be headed by an American general, to implement UN Security Council resolution 1701. The plan, which the US envoy Amos Hochstein discussed with Lebanon's parliamentary speaker on Tuesday in Beirut, calls for a Hezbollah withdrawal to the Litani River, but also reaffirms past UN resolutions requiring the disarmament of all militias in Lebanon, including Hezbollah.

The US ceasefire plan was concocted with the Israelis, and some have described it as a take-it-or-leave-it offer. Any Lebanese rejection of its conditions could allow Israel to widen its operations to grind down Hezbollah militarily. The Israelis have repeatedly indicated that this is their preference.

Nabih Berri, right, meets US special envoy Amos Hochstein, in Beirut. EPA
Nabih Berri, right, meets US special envoy Amos Hochstein, in Beirut. EPA

What are Iran’s options in light of this? It is widely believed in Lebanon that Iran appointed Naim Qassem as Hezbollah’s secretary general to succeed Hassan Nasrallah, and that its hold over him is near complete. There are even rumours the new secretary general was transferred to Tehran so that Israel could not assassinate him as they did Nasrallah and his anticipated successor Hashem Safieddine.

In a sign of the mood in Beirut, the Druze leader Walid Joumblatt lamented the fact in an interview last week that with Nasrallah dead, “there no longer is a local interlocutor” in Hezbollah. Instead, it was preferable in this case “to deal with the Islamic Republic”. This perception may come back to haunt officials in Tehran.

A billboard image of assassinated senior Hezbollah official Hashem Safieddine in Tehran, Iran. Reuters
A billboard image of assassinated senior Hezbollah official Hashem Safieddine in Tehran, Iran. Reuters

The Iranians do not want to lose their Lebanese card in the Axis of Resistance, and therefore are encouraging Hezbollah to fight on against the Israelis, in the hope that if the group is successful this would allow Iran to engage in talks over a ceasefire, through Hezbollah, from a more advantageous position. Beyond that, the Iranians must also be foreseeing eventual direct negotiations with the incoming US administration under president-elect Donald Trump, and, again, wouldn’t want to enter into them with their major regional ally militarily debilitated.

This suggests that, for now, both Hezbollah and Lebanon’s Shiite community will continue to pay a heavy price because of Iran’s calculations. This comes in a context where the tide may be turning against Hezbollah. With southern Lebanon cut off from the rest of the country and under constant surveillance from Israeli drones, the group will find it more and more difficult to resupply its forces there with rockets.

As the war drags on, the significant Israeli superiority on the ground may increase, with reportedly more than 50,000 troops stationed in the border area. Such a force is not there just to enter border villages and blow up Hezbollah tunnels; it is present for a much larger push, which the Israelis may be planning for when Hezbollah has been worn down further and its weapons supplies depleted.

If so, Iran’s decision to have Hezbollah soldier on rather than to reassess its entire Axis of Resistance strategy, may prove suicidal for its Lebanese allies. It might not only lead to more destruction of Shiite areas and Hezbollah’s decisive weakening, but also alienate a community already paying a prohibitive price for the conflict.

Israel may also conceivably expand operations in Syria to try to cut off Hezbollah’s arms supplies from Iran. Already, bombings have escalated in recent days, targeting the border area of Qusayr and individuals apparently involved in the supply network based in Damascus. Amid reports that the Israelis are building a road in the demilitarised zone in the Golan Heights, it is possible they are preparing an escalation to neutralise Hezbollah and Iranian forces on the Syrian-controlled side of Qunaitra.

Under these circumstances, and with the US supporting Israel, the Iranians may soon find that their options have narrowed dramatically. Allowing the conflict to persist in the hope that things might improve is a risky strategy, especially if matters end with Hezbollah crippled and much of southern Lebanon occupied.

Iran still has a base of support among Lebanon’s Shiite population, but it must accept that if it prioritises its militarised Axis of Resistance approach, which has been catastrophic, it may lose everything in the country. The Shiite community has been deeply dislocated, and for Tehran to allow this situation to worsen in order merely to save itself would be a cynical choice that could permanently undermine its regional sway.

Live updates: Follow the latest on Israel-Gaza

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

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

Brief scores:

Toss: South Africa, chose to field

Pakistan: 177 & 294

South Africa: 431 & 43-1

Man of the Match: Faf du Plessis (South Africa)

Series: South Africa lead three-match series 2-0

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Racecard

6.35pm: The Madjani Stakes – Group 2 (PA) Dh97,500 (Dirt) 1,900m 

7.10pm: Evidenza – Handicap (TB) Dh87,500 (D) 1,200m 

7.45pm: The Longines Conquest – Maiden (TB) Dh82,500 (D) 2,000m 

8.20: The Longines Elegant – Conditions (TB) Dh82,500 (D) 

8.35pm: The Dubai Creek Mile – Listed (TB) Dh132,500 (D) 1,600m 

9.30pm: Mirdif Stakes – Conditions (TB) Dh120,000 (D) 1,400m 

10.05pm: The Longines Record – Handicap (TB) Dh87,500 (D) 1,900m  

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The years Ramadan fell in May

1987

1954

1921

1888

Brown/Black belt finals

3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA

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

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.”

Mobile phone packages comparison
Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)

Team Angel Wolf Beach Blast takes place every Wednesday between 4:30pm and 5:30pm

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Iran's dirty tricks to dodge sanctions

There’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Here’s a description of how some work.

1 Going Dark

A common method to transport Iranian oil with stealth is to turn off the Automatic Identification System, an electronic device that pinpoints a ship’s location. Known as going dark, a vessel flicks the switch before berthing and typically reappears days later, masking the location of its load or discharge port.

2. Ship-to-Ship Transfers

A first vessel will take its clandestine cargo away from the country in question before transferring it to a waiting ship, all of this happening out of sight. The vessels will then sail in different directions. For about a third of Iranian exports, more than one tanker typically handles a load before it’s delivered to its final destination, analysts say.

3. Fake Destinations

Signaling the wrong destination to load or unload is another technique. Ships that intend to take cargo from Iran may indicate their loading ports in sanction-free places like Iraq. Ships can keep changing their destinations and end up not berthing at any of them.

4. Rebranded Barrels

Iranian barrels can also be rebranded as oil from a nation free from sanctions such as Iraq. The countries share fields along their border and the crude has similar characteristics. Oil from these deposits can be trucked out to another port and documents forged to hide Iran as the origin.

* Bloomberg

Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

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Company%20profile
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Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

Updated: November 20, 2024, 1:12 PM