In a region that desperately needs shining examples of resilience, perseverance and growth under the most difficult circumstances, the American University of Beirut remains a towering beacon of excellence. This month, AUB’s first Lebanese president, Fadlo Khuri, commemorates a decade at the helm of this unique institution.
AUB is unlike most outposts of American education in the Arab world. It was founded in 1866 as the Syrian Protestant College, and was registered and remains accredited as a New York state university. A degree from AUB isn’t an American-style education or from a satellite campus of a US university, but a fully accredited US university degree.
The legacy of the institution is prodigious and much of its gorgeous campus dates back well into the 19th century. It has produced countless world-class scholars and continues to add to that profound body of knowledge, particularly in its medical school.
When Dr Khuri – for full disclosure, a good friend of mine since we were infants – inherited the leadership of the school, there was considerable alienation among the faculty and student body. The first thing he did to stabilise the institution, by no means an easy feat, was to restore the institution of tenure for faculty. This is essential for allowing the academic freedom necessary for true scholarship to function, and is considered a rarity in the region.
The catalogue of crises that have stricken Lebanon, and therefore AUB, during his tenure can hardly be overstated. By my count, there has been one major challenge for every year of his decade in leadership – many of them almost immeasurable.
First was the huge “thawra” protests against all established leaders following a madcap effort to tax WhatsApp use, which led to the downfall of the government. Shortly thereafter was the Beirut Port explosion, one of the largest non-nuclear urban explosions in human history, which devastated much of the city.
Third came a total economic collapse when it became clear that most of the money supposedly held in the banking system had been surreptitiously stolen and removed to parts unknown by persons unknown, rendering most bank account holders utterly impoverished and the Lebanese currency devalued by more than 90 per cent.
Fourth, Lebanon was hit with a gigantic wave of about 1.5 million Syrian refugees, straining all social services. Fifth, the country was hit by recurrent waves of wildfires that destroyed much of the countryside.
Sixth, the judicial system melted down, proving completely incapable of investigating either the port explosion or the robbery of most of the money supposedly held in the banking system. Seventh was a protracted period of political paralysis following the completion of the term of president Michel Aoun.
Eighth, the Covid-19 pandemic hit Lebanon along with the entire globe – although AUB was instrumental in getting virtually the whole country eventually vaccinated.
Ninth, the national infrastructure remains in deep debilitation, and in some senses in decline.
And finally came the devastating war between Israel and Hezbollah last year and the subsequent cancellation of Unifil, the UN peacekeeping mission in that part of the Levant.
AUB has remained largely untouched by all sides during the various conflicts that have swirled around it since 1975
That’s one shattering crisis per year of his tenure. So it’s all the more extraordinary that AUB remains such a dynamic and potent presence. It is the second-largest employer in the country after the government. And under Dr Khuri’s leadership, it has established an online learning centre and a second campus in Cyprus – part of the university’s well-thought through “Vital 2030 Strategy”. Any country in the region ought to be honoured to host a third or even a fourth such outpost.
The university’s world-class hospital has provided invaluable medical care for crises running from the pandemic to the 2024 war.
Remarkably, in the last year AUB jumped forward 91 slots in the US news global education ranking. In the QS world rankings, it was placed in the top 17 per cent of universities globally. But what really makes AUB stand out is the combination of its commitment to excellence and to humanistic, tolerant, diverse and secular values in a region that often falls victim to irrational prejudices, suspicions or unjustifiable preferences.
Dr Khuri has chosen to lead by example, working tirelessly on behalf of all communities in Lebanon and beyond, and seeking to make sure that the university is an asset not merely to its students and faculty but to the community in general. It has worked hard to revive traditional crafts in rural villages. And it has sought to integrate public service, especially to local underserved communities, as part of its training and degree programmes.
AUB has remained largely untouched by all sides during the various conflicts that have swirled around it since 1975 – with the obvious exceptions of the assassination of its then-president Malcolm Kerr in 1984, some kidnappings and the bombing of its College Hall clock tower in 1991.
One key reason has been the university’s steadfast refusal to take sides in any confrontation. But another is the fact that almost all factions in Lebanon have recognised that they benefit from the ongoing vitality of the university and would gain nothing by destroying it.
While the 10 years under Dr Khuri have been beyond tumultuous, they have also given the university an opportunity – that he has taken full advantage of – to strongly reinforce this understanding among potential antagonists. Even when the government can’t function, AUB can and does.
If someone’s legs have been blown off, no one at the hospital is going to stop and interrogate them about their political orientation. And all Lebanese students, plus huge numbers from abroad, are welcome to apply on an equal basis.
The university has thrived over the past 10 years, but it has had to endure exceptionally painful cuts in budget and staff because of the financial and other crises besetting the country. It richly deserves much more support from western and Arab donors and funders, including individuals, institutions and governments.
The rate of return on investment in terms of the functionality, civility, stability and productivity of the region cannot be overstated. And as he reaches this milestone of 10 unbelievably tumultuous and trying years at the helm of this flagship university, Dr Fadlo Khuri deserves a hearty round of collective regional and global applause and continued support.
Your Guide to the Home
- Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
- Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
- Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.
The specS: 2018 Toyota Camry
Price: base / as tested: Dh91,000 / Dh114,000
Engine: 3.5-litre V6
Gearbox: Eight-speed automatic
Power: 298hp @ 6,600rpm
Torque: 356Nm @ 4,700rpm
Fuel economy, combined: 7.0L / 100km
Plan to boost public schools
A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.
It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.
Aspects of the school model will be extended to international private schools, the education minister has previously suggested.
Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.
TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
Recipe
Garlicky shrimp in olive oil
Gambas Al Ajillo
Preparation time: 5 to 10 minutes
Cooking time: 5 minutes
Serves 4
Ingredients
180ml extra virgin olive oil; 4 to 5 large cloves of garlic, minced or pureed (or 3 to 4 garlic scapes, roughly chopped); 1 or 2 small hot red chillies, dried (or ¼ teaspoon dried red chilli flakes); 400g raw prawns, deveined, heads removed and tails left intact; a generous splash of sweet chilli vinegar; sea salt flakes for seasoning; a small handful of fresh flat-leaf parsley, roughly chopped
Method
▶ Heat the oil in a terracotta dish or frying pan. Once the oil is sizzling hot, add the garlic and chilli, stirring continuously for about 10 seconds until golden and aromatic.
▶ Add a splash of sweet chilli vinegar and as it vigorously simmers, releasing perfumed aromas, add the prawns and cook, stirring a few times.
▶ Once the prawns turn pink, after 1 or 2 minutes of cooking, remove from the heat and season with sea salt flakes.
▶ Once the prawns are cool enough to eat, scatter with parsley and serve with small forks or toothpicks as the perfect sharing starter. Finish off with crusty bread to soak up all that flavour-infused olive oil.
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
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
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
At Eternity’s Gate
Director: Julian Schnabel
Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen
Three stars
Film: Raid
Dir: Rajkumar Gupta
Starring: Ajay Devgn, Ileana D'cruz and Saurabh Shukla
Verdict: Three stars
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
RESULT
Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')
Man of the match: Diogo Jota (Liverpool)
List of alleged parties
- May 15 2020: Boris Johnson is said to have attended a Downing Street pizza party
- 27 Nov 2020: PM gives speech at leaving do for his staff
- Dec 10 2020: Staff party held by then-education secretary Gavin Williamson
- Dec 13 2020: Mr Johnson and his then-fiancee Carrie Symonds throw a flat party
- Dec 14 2020: Shaun Bailey holds staff party at Conservative Party headquarters
- Dec 15 2020: PM takes part in a staff quiz
- Dec 18 2020: Downing Street Christmas party
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
UAE currency: the story behind the money in your pockets
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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JUDAS AND THE BLACK MESSIAH
Directed by: Shaka King
Starring: Daniel Kaluuya, Lakeith Stanfield, Jesse Plemons
Four stars
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