As a follow-up to the ceasefire agreement between Lebanon and Israel in November, the two countries agreed to form committees earlier this month to discuss three issues: their outstanding land border disagreements; Israel’s withdrawal from five border hills it still occupies in Lebanon; and the release of Lebanese prisoners being held by the Israelis.
From the beginning, Israel has sought to portray such negotiations as the first step towards diplomatic relations. “The goal is to reach normalisation,” an Israeli official recently declared, quoted by The Times of Israel newspaper. On the Lebanese side, however, the official position is that there is no intention to normalise, only to secure an Israeli withdrawal from Lebanese territory, seek the release of Lebanese citizens, and reach an agreement over disputed border points and close this contentious file.
From the Lebanese perspective, allegations that the administration of US President Donald Trump is trying to push Beirut in the same direction as Israel have been even more disturbing. On March 18, Lebanon’s An-Nahar newspaper published an article quoting an unnamed “Lebanese personality” who met US special envoy Steve Witkoff in Doha recently. The envoy reportedly told him that “Lebanon will be asked to move to direct face-to-face political negotiations with Israel and name a civilian official for this task”. The Israelis, Mr Witkoff is believed to have added, would be represented by that country’s Minister of Strategic Affairs, Ron Dermer.
The envoy also allegedly told his Lebanese interlocutor that there would be no reconstruction in the south, the Bekaa, and Beirut’s southern suburbs before such a process begins, nor would the inhabitants of “frontline border towns” be allowed to return home. Israel would continue to hold the occupied hills for about a year and would not negotiate over the 13 land border points still in dispute.
Mr Witkoff publicly denied the An-Nahar report, describing it as “baseless, false and misleading”. Yet few in Beirut were reassured, given the Israeli statements on normalisation and how close the Trump administration is to Israel. One can speculate whether such off-the-record remarks were designed to raise the heat on Lebanon, given that Mr Witkoff allegedly told his interlocutor that the Americans were dissatisfied with how Lebanon was dealing with Hezbollah.
If that’s the thinking in Washington, the Americans should be careful. Lebanon is too divided a country today to be able to afford a divisive internal dispute over relations with Israel, particularly when it has much more pressing challenges. Any idea that, because Lebanon is fragile and Hezbollah is weakened, the country can be bludgeoned into a normalisation process that it doesn’t want may crack open its dangerous rifts.
At the same time, if there is some truth in the An-Nahar report, and this echoes the mood in the Trump administration, it’s up to the Lebanese to prepare a pre-emptive approach to address the implications. To assume that such a detailed exchange was simply invented by a Lebanese figure visiting Qatar is unconvincing. Hence, some anticipatory Lebanese steps may be necessary. What might the contours of such an approach be?
First of all, the Lebanese government has to again make clear that normalisation with Israel would be a step too far for a country that needs to rebuild the domestic authority of the state. To push Hezbollah and its communal supporters in such a direction would provoke a backlash that would not only undermine the state’s credibility; it would also be exploited by the group to revive itself, mobilise its base and retain its weapons.
Second, the Lebanese have to bring long-term discussions with Israel back to a format that can be legitimised. The obvious format is the Lebanese-Israeli Mixed Armistice Commission established when the two countries negotiated the Armistice Agreement of March 23, 1949. However, the agreement may need to be updated in light of realities today, which can be done by amending the agreement’s annexes.
With regard to Mr Witkoff’s purported demand that a civilian representative be designated, there is a precedent from which Lebanon can take advantage: the maritime border negotiations concluded in 2022. Ultimately, it was then-president Michel Aoun, a civilian, who carried them out, albeit indirectly through Amos Hochstein, the US envoy at the time.
Direct talks through the Mixed Armistice Commission and indirect talks through President Joseph Aoun on the land border disputes may be a way of nipping any potential American demands in the bud, thereby relying on precedents that can preserve domestic unity. This won’t lead to a peace agreement, but it will revive an Armistice Agreement that guarantees that no military actions again take place across the southern border.
In parallel, the Lebanese should initiate negotiations with the new government in Syria to resolve the contested border in the Shebaa Farms area. Their outcome would end any ambiguity over to which country the farms belong – Syria or Lebanon.
Finally, the Lebanese government must begin a dialogue with Hezbollah on finding a solution to the group’s weapons and implementing UN Security Council Resolutions 1559 and 1701. A return to the Armistice Agreement, like the large Lebanese majority’s opposition to the group’s holding weapons, could compel Hezbollah to make concessions on this front.
Such measures may fall short of normalisation, if that is indeed what the Americans want, but they would fall within the confines of what the government could sell at home. By pushing too hard, the US may throw the baby out with the bathwater. Most Lebanese want an end to hostilities with Israel, but do not necessarily embrace normalisation. A formula that balances these aims is what is needed today.
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
The Lowdown
Us
Director: Jordan Peele
Starring: Lupita Nyong'o, Winston Duke, Shahadi Wright Joseqph, Evan Alex and Elisabeth Moss
Rating: 4/5
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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The specs
Engine: 2.5-litre, turbocharged 5-cylinder
Transmission: seven-speed auto
Power: 400hp
Torque: 500Nm
Price: Dh300,000 (estimate)
On sale: 2022
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
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.”
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%3Cp%3EEncourage%20innovation%20in%20the%20metaverse%20field%20and%20boost%20economic%20contribution%3C%2Fp%3E%0A%3Cp%3EDevelop%20outstanding%20talents%20through%20education%20and%20training%3C%2Fp%3E%0A%3Cp%3EDevelop%20applications%20and%20the%20way%20they%20are%20used%20in%20Dubai's%20government%20institutions%3C%2Fp%3E%0A%3Cp%3EAdopt%2C%20expand%20and%20promote%20secure%20platforms%20globally%3C%2Fp%3E%0A%3Cp%3EDevelop%20the%20infrastructure%20and%20regulations%3C%2Fp%3E%0A
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
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COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
Mohammed bin Zayed Majlis
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