Although Lebanon was not invited to the Sharm El Sheikh summit on October 13, Lebanese officials are watching closely how the end of the hostilities in Gaza progresses, as this may affect their own highly uncertain situation.
A clear sign of the link came on the same day as the summit, when Lebanese President Joseph Aoun told a group of journalists: “The general atmosphere today is one of settlements, therefore it is necessary to negotiate [with Israel]; as for the form of the negotiation, this will be determined at the [proper] time.”
A week later, the interim US envoy to Lebanon, Tom Barrack, appeared to support this view, when he tweeted: “The second leg [of Israel’s northern security framework] must be the disarmament of Hezbollah within Lebanon and the beginning of security and border discussions with Israel.” Without this, he warned, “Hezbollah’s military arm will inevitably face major confrontation with Israel at a moment of Israel’s strength and Iran-backed Hezbollah’s weakest point”.
Since the administration of former US president Joe Biden facilitated a ceasefire in Lebanon last November, the situation has been one of no war, no peace. To reach an agreement, the US gave Israel a side letter allowing it to strike against supposed Hezbollah threats. This effectively meant the ceasefire was imposed on one side. Meanwhile, the Lebanese authorities were urged to disarm Hezbollah, and in the absence of disarmament, the Israelis have continued to bomb Hezbollah and civilian sites in Lebanon as well as target the group’s members.
When Mr Barrack presented a timetable for Hezbollah’s demilitarisation in the summer, the Lebanese approved his plan and were hopeful this would lead to a curtailing of Israeli attacks. However, the envoy failed to secure Israeli buy-in for his plan, leading the Lebanese to declare it dead, though not their intention to enforce a state monopoly over weapons. Mr Barrack had no White House or State Department support in his talks with Israel, and he is soon expected to hand the Lebanon file over to someone else.
The US point-man on Lebanon policy will reportedly be the newly appointed ambassador in Beirut, Michel Issa. Mr Issa grew up in Lebanon and is close to US President Donald Trump. Lebanese media reports have suggested the Americans may be preparing a new plan for the country, one that complements the Barrack proposal and that is inspired by Mr Trump’s plan for Gaza.
Given that the Gaza and Lebanese situations are different, what would this mean? Some media reports suggest that the step-by-step mechanism inherent in the Gaza plan – in which the actions of one side lead to corresponding actions by the other – are part of it. They also point to the fact that the US plan appears to include the principle of direct negotiations between Lebanon and Israel, hence the importance of Mr Aoun’s and Mr Barrack's remarks.
The Lebanese are still adamant that even if Lebanon and Israel speak to each other, negotiations should take place through the Americans. In other words, officially at least, there has been no acceptance of direct negotiations, and it was noticeable that Mr Aoun was evasive on this matter. For the Lebanese, the October 2022 agreement over a maritime border is a good model to follow, as it involved indirect negotiations.
What would such negotiations cover? Certainly, they would seek to finalise the land border, with Lebanon and Israel still disagreeing over 13 points along the boundary. It would certainly also include security arrangements, with a high likelihood that Israel would seek an early warning capability inside Lebanon, perhaps even try to impose a Lebanese border zone empty of inhabitants.
The US assumption last year, advanced by the Biden administration’s envoy Amos Hochstein, was that delineating the land border would remove any excuse for Hezbollah to pursue its resistance in the south on the grounds that Israel was occupying parts of Lebanon. The Trump administration appears to agree with this approach.
No political-military organisation willingly signs off on its own elimination. Hezbollah cannot be expected to do so either
The Gaza deal also had other implications, this time for Hezbollah. The fact that Hamas signed off on an arrangement that included its disarmament and the return of hostages will have an echo on the Lebanese scene. As Mohanad Hage Ali of the Carnegie Middle East Centre noted: “The Lebanese government can go to Hezbollah and say, ‘Your strategic ally agreed to a plan that includes disarmament, why can’t you?’”
One could point out that Hamas has not agreed to disarmament, but it is undeniable that the group is locked into a plan explicitly calling for this. If it doesn’t implement the Trump road map, we will probably return to a state of war, one in which Hamas no longer has any leverage through the hostages it previously controlled.
However, Gaza may also have other repercussions in Lebanon. Two years of a vicious Israeli onslaught on the territory failed to destroy Hamas, which last week sought to reassert its authority by publicly executing opponents. Indeed, to reach a deal, the US negotiated directly with senior members of the organisation. So, what does this mean for a military solution to Hezbollah’s weapons in Lebanon? It is now far more difficult for those who desire such an outcome to make the case that it would go smoothly.
Hamas’s ambiguous position on the Gaza deal is hardly surprising. No political-military organisation willingly signs off on its own elimination. Hezbollah cannot be expected to do so either. If the Americans end up somehow accepting this reality in Gaza, principally because Mr Trump does not want his ceasefire plan to be undermined, it will be difficult for them to take a hard line when it comes to Lebanon.
A resort to simplistic military outcomes is not the way to go, and more imaginative approaches are needed to break the deadlock over Hezbollah’s weapons. If the Lebanese move towards negotiations with Israel on border demarcation, the group’s margin of manoeuvre will narrow.
Only by advancing patiently, through a process that seeks political solutions and avoids violence, might a resolution be found in Lebanon.
Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
2019 ASIAN CUP FINAL
Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
MATCH INFO
Qalandars 112-4 (10 ovs)
Banton 53 no
Northern Warriors 46 all out (9 ovs)
Kumara 3-10, Garton 3-10, Jordan 2-2, Prasanna 2-7
Qalandars win by six wickets
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.”
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Full list of Emmy 2020 nominations
LEAD ACTOR IN A COMEDY SERIES
Anthony Anderson, Black-ish
Don Cheadle, Black Monday
Ted Danson, The Good Place
Michael Douglas, The Kominsky Method
Eugene Levy, Schitt’s Creek
Ramy Youssef, Ramy
LEAD ACTRESS IN A COMEDY SERIES
Christina Applegate, Dead to Me
Rachel Brosnahan, The Marvelous Mrs. Maisel
Linda Cardellini, Dead to Me
Catherine O’Hara, Schitt’s Creek
Issa Rae, Insecure
Tracee Ellis Ross, Black-ish
OUTSTANDING VARIETY/TALK SERIES
The Daily Show with Trevor Noah
Full Frontal with Samantha Bee
Jimmy Kimmel Live
Last Week Tonight with John Oliver
The Late Show with Stephen Colbert
LEAD ACTOR IN A DRAMA SERIES
Jason Bateman, Ozark
Sterling K. Brown, This Is Us
Steve Carell, The Morning Show
Brian Cox, Succession
Billy Porter, Pose
Jeremy Strong, Succession
LEAD ACTRESS IN A DRAMA SERIES
Jennifer Aniston, The Morning Show
Olivia Colman, The Crown
Jodie Comer, Killing Eve
Laura Linney, Ozark
Sandra Oh, Killing Eve
Zendaya, Euphoria
OUTSTANDING REALITY/COMPETITION PROGRAM
The Masked Singer
Nailed It!
RuPaul’s Drag Race
Top Chef
The Voice
LEAD ACTOR IN A LIMITED SERIES/TV MOVIE
Jeremy Irons, Watchmen
Hugh Jackman, Bad Education
Paul Mescal, Normal People
Jeremy Pope, Hollywood
Mark Ruffalo, I Know This Much Is True
LEAD ACTRESS IN A LIMITED SERIES/TV MOVIE
Cate Blanchett, Mrs. America
Shira Haas, Unorthodox
Regina King, Watchmen
Octavia Spencer, Self Made
Kerry Washington, Little Fires Everywhere
OUTSTANDING LIMITED SERIES
Little Fires Everywhere
Mrs. America
Unbelievable
Unorthodox
Watchmen
OUTSTANDING COMEDY SERIES
Curb Your Enthusiasm
Dead to Me
The Good Place
Insecure
The Kominsky Method
The Marvelous Mrs. Maisel
Schitt’s Creek
What We Do In The Shadows
OUTSTANDING DRAMA SERIES
Better Call Saul
The Crown
The Handmaid’s Tale
Killing Eve
The Mandalorian
Ozark
Stranger Things
Succession
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final
SOUTH%20KOREA%20SQUAD
%3Cp%3E%0D%3Cstrong%3EGoalkeepers%3A%20%3C%2Fstrong%3EKim%20Seung-gyu%2C%20Jo%20Hyeon-woo%2C%20Song%20Bum-keun%0D%3Cbr%3E%3Cstrong%3EDefenders%3A%20%3C%2Fstrong%3EKim%20Young-gwon%2C%20Kim%20Min-jae%2C%20Jung%20Seung-hyun%2C%20Kim%20Ju-sung%2C%20Kim%20Ji-soo%2C%20Seol%20Young-woo%2C%20Kim%20Tae-hwan%2C%20Lee%20Ki-je%2C%20Kim%20Jin-su%0D%3Cbr%3E%3Cstrong%3EMidfielders%3A%20%3C%2Fstrong%3EPark%20Yong-woo%2C%20Hwang%20In-beom%2C%20Hong%20Hyun-seok%2C%20Lee%20Soon-min%2C%20Lee%20Jae-sung%2C%20Lee%20Kang-in%2C%20Son%20Heung-min%20(captain)%2C%20Jeong%20Woo-yeong%2C%20Moon%20Seon-min%2C%20Park%20Jin-seob%2C%20Yang%20Hyun-jun%0D%3Cbr%3E%3Cstrong%3EStrikers%3A%20%3C%2Fstrong%3EHwang%20Hee-chan%2C%20Cho%20Gue-sung%2C%20Oh%20Hyeon-gyu%3C%2Fp%3E%0A
Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets
Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2