No one doubted that the funeral last Sunday of Hezbollah’s former leader, Hassan Nasrallah, would be a major affair. Yet the number of attendees could not hide something obvious – namely, that burials are usually a closing of the page rather than an opportunity for renewal. This is certainly true with Mr Nasrallah’s funeral, which comes at a time when Hezbollah is in need of reinventing itself, but hasn’t even begun thinking of doing so.
Since November, when Hezbollah signed off on a ceasefire agreement with Israel negotiated by its main ally in Parliament, Speaker Nabih Berri, the party has absorbed successive setbacks. Joseph Aoun, a man Hezbollah had opposed for the presidency, is now in office. Nawaf Salam, whom the party had also blocked, is Prime Minister. The ceasefire agreement itself was no less than a surrender, and claims by the party’s new secretary general, Naim Qassem, that Hezbollah won the war sound absurd.
In light of this, the ceremony for Mr Nasrallah was seen as a way for Hezbollah and its supporters among the Shiite community to reassert themselves and affirm their presence. That’s perfectly understandable but also somewhat misguided, as no one in Lebanon is seriously contemplating banishing Shiites from the political landscape.
What Hezbollah has not engaged in, or not yet engaged in, is an internal discussion on the future of its weapons. Since Mr Aoun stated in his inaugural address in January that the Lebanese state must have a monopoly over weapons, the party has remained quiet on this question, wanting to avoid a confrontation with the President.
What is left? Keeping the weapons to potentially turn them against the Lebanese?
And yet, it is increasingly apparent that without a regional strategy that makes the weapons relevant, Hezbollah will continue to have great difficulty justifying retaining them. It is highly improbable the party will be in a position to use them against Israel, since its heartland in southern Lebanon could not long sustain a new and devastating Israeli retaliation.
So, what is left? Keeping the weapons to potentially turn them against the Lebanese and again secure power at home? That’s not likely to work either, since the mood in the country is largely hostile towards Hezbollah. Any effort by the party to intimidate its rivals would almost certainly lead to conflict, in a context in which Hezbollah is isolated. Moreover, since the fall of its ally the Assad government in Syria, the party would have no way of resupplying itself.
For all intents and purposes, if the weapons no longer serve a purpose, then it may be time for Hezbollah’s leaders to ask whether it would not be better to secure political objectives inside Lebanon by coming to an agreement with the state over its disarmament. This would represent a revolution in the party, but it would make sense in light of the collapse of Iran’s strategy to surround Israel with hostile non-state actors.
In fact, a major problem for Hezbollah is that Iran today is nowhere to be seen in Lebanon. The Iranian economy is in such crisis that it cannot spare money to help rebuild destroyed Lebanese Shiite areas. The contract between Iran and its Hezbollah allies has, therefore, been seriously undermined, amid a perception among many in the Shiite community that they were used by Tehran as cannon fodder, for no advantage to themselves.
Yet while Iran may be absent from the reconstruction effort, all the indications are that it has also taken effective control of Hezbollah since the Israeli assassination of Mr Nasrallah, his apparent successor, Hashem Safieddine, and the man many regarded as third in line, Nabil Qaouq, once the deputy head of the party’s Executive Council. It was the Iranians who allegedly appointed Mr Qassem after the three figures were killed, though many view him as a bland facade for Iran’s influence.
Another question that has arisen is whether Hezbollah is united when it comes to accepting the ceasefire agreement. There have been reports, as well as indications, that there are differences of opinion within the party over how to address the coming phase. Mr Qassem, for now, is avoiding domestic conflicts, while a younger group of party militants has reportedly taken more aggressive actions, including recently engaging in intimidations tactics on scooters and burning UN vehicles on the airport road.
It’s unlikely that this will lead to a rift in Hezbollah, especially if Iran retains some control over the party, but it does show confusion at a sensitive time. That is why Mr Nasrallah’s funeral was also very likely seen by party leaders as an occasion to unify Hezbollah’s ranks around the memory of its dominant figure for three decades.
But that won’t be enough. Without clarity from Iran on the party’s future, Hezbollah will remain in a twilight zone, unsure of which direction to take on its weapons and, beyond that, on its very identity. And the Iranians themselves may be in disagreement over this, as support for Hezbollah plays into Iran’s factional politics. All that seems certain today is that, unless such issues are resolved, the party will continue to drift.
Hassan Nasrallah’s death was a major blow to Hezbollah, and he surely understood early on the dangers in the party’s decision to support Gaza after the October 7, 2023, attack on Israel. If so, he ended up being trapped by a suicidal strategy. With his burial, this strategy – surrounding Israel with a ring of fire – is being buried too. Unless Hezbollah can refashion itself quickly, the party risks going the same way.
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INDIA SQUAD
Virat Kohli (capt), Rohit Sharma, Shikhar Dhawan, KL Rahul, Vijay Shankar, MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik, Yuzvendra Chahal, Kuldeep Yadav, Bhuvneshwar Kumar, Jasprit Bumrah, Hardik Pandya, Ravindra Jadeja, Mohammed Shami
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
QUALIFYING RESULTS
1. Max Verstappen, Netherlands, Red Bull Racing Honda, 1 minute, 35.246 seconds.
2. Valtteri Bottas, Finland, Mercedes, 1:35.271.
3. Lewis Hamilton, Great Britain, Mercedes, 1:35.332.
4. Lando Norris, Great Britain, McLaren Renault, 1:35.497.
5. Alexander Albon, Thailand, Red Bull Racing Honda, 1:35.571.
6. Carlos Sainz Jr, Spain, McLaren Renault, 1:35.815.
7. Daniil Kvyat, Russia, Scuderia Toro Rosso Honda, 1:35.963.
8. Lance Stroll, Canada, Racing Point BWT Mercedes, 1:36.046.
9. Charles Leclerc, Monaco, Ferrari, 1:36.065.
10. Pierre Gasly, France, Scuderia Toro Rosso Honda, 1:36.242.
Eliminated after second session
11. Esteban Ocon, France, Renault, 1:36.359.
12. Daniel Ricciardo, Australia, Renault, 1:36.406.
13. Sebastian Vettel, Germany, Ferrari, 1:36.631.
14. Antonio Giovinazzi, Italy, Alfa Romeo Racing Ferrari, 1:38.248.
Eliminated after first session
15. Antonio Giovinazzi, Italy, Alfa Romeo Racing Ferrari, 1:37.075.
16. Kimi Raikkonen, Finland, Alfa Romeo Racing Ferrari, 1:37.555.
17. Kevin Magnussen, Denmark, Haas Ferrari, 1:37.863.
18. George Russell, Great Britain, Williams Mercedes, 1:38.045.
19. Pietro Fittipaldi, Brazil, Haas Ferrari, 1:38.173.
20. Nicholas Latifi, Canada, Williams Mercedes, 1:38.443.
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Genes in Space is an annual competition first launched by the UAE Space Agency, The National and Boeing in 2015.
It challenges school pupils to design experiments to be conducted in space and it aims to encourage future talent for the UAE’s fledgling space industry. It is the first of its kind in the UAE and, as well as encouraging talent, it also aims to raise interest and awareness among the general population about space exploration.
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Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
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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.”
The Baghdad Clock
Shahad Al Rawi, Oneworld
Jordan cabinet changes
In
- Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
- Dr Bassam Samir Al Talhouni, Minister of Justice
- Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
- Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
- Falah Abdalla Al Ammoush, Minister of Public Works and Housing
- Basma Moussa Ishakat, Minister of Social Development
- Dr Ghazi Monawar Al Zein, Minister of Health
- Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
- Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth
Out
- Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
- Hala Noaman “Basiso Lattouf”, Minister of Social Development
- Dr Mahmud Yassin Al Sheyab, Minister of Health
- Yahya Moussa Kasbi, Minister of Public Works and Housing
- Nayef Hamidi Al Fayez, Minister of Environment
- Majd Mohamed Shoueika, Minister of Public Sector Development
- Khalid Moussa Al Huneifat, Minister of Agriculture
- Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
- Mounir Moussa Ouwais, Minister of Water and Agriculture
- Dr Azmi Mahmud Mohafaza, Minister of Education
- Mokarram Mustafa Al Kaysi, Minister of Youth
- Basma Mohamed Al Nousour, Minister of Culture
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Name: Dr Hassan Mohsen Elhais
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