Last week, after having long threatened to do so, the US sanctioned the Lebanese politician Gebran Bassil, son-in-law of Lebanon’s president Michel Aoun and a prominent figure in the country’s Christian political leadership. Mr Bassil was sanctioned under the Global Magnitsky Act, which targets individuals involved in corruption, and for his ties with the militant group Hezbollah.
In the immediate term, Mr Bassil is likely to weather the storm, but down the road the sanctions will raise major questions related to his political future. When the sanctions came, he was in the midst of negotiations with prime minister-designate Saad Hariri over his stake and that of his party, the Free Patriotic Movement (FPM), in the new government that Mr Hariri is trying to form. Among other things, Mr Bassil insists upon naming the energy minister.
After he was sanctioned, Mr Bassil received a generous endorsement from the leader of Hezbollah, Hassan Nasrallah. This was to be expected. The FPM is Hezbollah’s main Christian ally, giving the militant group cross-confessional legitimacy. More importantly, Mr Bassil has influence over Mr Aoun, and Hezbollah regards the President’s approval as valuable official consent for its actions.
However, things may not be so simple for Mr Bassil. Hezbollah has long felt that he is damaged goods, with many Lebanese regarding him as the personification of venality. He is also viewed with distaste internationally, particularly among governments that are encouraging Lebanon to adopt economic reforms and who see Mr Bassil as an obstacle to this.
This context suggests that Hezbollah – while it doesn’t want a complete split with Mr Bassil – may soon have to reassess how far it is willing to go in backing him, particularly in his disputes with Mr Hariri over the structure of the cabinet.
Mr Hariri is trying to put together a government that will implement a French-sponsored plan to reform the economy. His failure to do so would represent a blow to France, which sent an envoy to Beirut last week to urge Lebanon’s politicians to agree.
Hezbollah appears to want to see implementation of the French initiative, particularly when a new administration is about to take office in the US. France could play a role in mediating between Washington and Tehran, so Hezbollah may not want the French to be humiliated in Lebanon.
In the coming months Mr Bassil could be worth less to Hezbollah than an understanding with Mr Hariri
At the same time, France has promised to help Lebanon secure international financial assistance and even to organise a conference to help the country.
Hezbollah is aware of the severity of the economic crisis and how this is neutralising its ability to fight Israel on Iran’s behalf. It is also wary about the crisis’ damaging impact on domestic stability, which the militant party wants to preserve.
That is why there is a question as to whether Hezbollah can afford to go all the way for Mr Bassil in his demand that he name the energy minister, a demand Mr Hariri adamantly rejects.
The French, too, reportedly oppose such a nomination, as a change in the management of the energy ministry is vital to kick off serious reforms. However, Mr Bassil has pointed out that because Mr Hariri has already agreed to give the finance ministry to Lebanon’s two Shia parties (Hezbollah and Amal) he, too, should be entitled to certain ministries.
While there is some logic to his argument, it ignores the balance of forces. When Mr Hariri announced in an interview that he would be a candidate for prime minister, he did so with the subliminal message that once he and the Shia parties agreed, others would have to go along.
Indeed, Hezbollah obliged Mr Aoun to hold consultations for a new prime minister in order to pave the way for Mr Hariri’s return.
Hezbollah realises that Mr Hariri remains the most credible link with the international community on economic issues. He is also the main Lebanese Sunni representative.
That means that the party gains more by working out an understanding with him than it does with Mr Bassil, who has been weakened by sanctions and a perception that he is now entirely dependent on Hezbollah.
If the incoming US administration of Joe Biden shows openness towards renewed dialogue with Iran, Hezbollah may see a further benefit in having good ties with Mr Hariri, as it would indirectly imply better relations with his regional backers.
This could lower the heat on the party from Washington, facilitating a package deal that includes foreign financial aid to the Lebanese economy.
In other words, in the coming months Mr Bassil could be worth less to Hezbollah than an understanding with Mr Hariri. It seems unlikely that Hezbollah will allow the French plan to facilitate aid to Lebanon to fall apart just so that Mr Bassil can retain the energy ministry.
Therefore, It would not be surprising if Nasrallah encouraged Mr Bassil to make a concession so a government can be formed.
Finally, Mr Bassil’s own political ambitions may have taken a fatal blow, too. Within the FPM there is an increasing number of members displeased with how he has damaged the party’s reputation.
Mr Bassil wants to succeed his father-in-law as president, but the fact that he is facing US sanctions, in addition to opposition among his own, has reduced his chances significantly. Mr Bassil’s dilemma is that he needs the support of Mr Hariri’s bloc and the Shia parties to be elected, and today none of them see a compelling reason to vote for him.
Michael Young is a senior editor at the Carnegie Middle East Centre in Beirut and a columnist for The National
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
UAE currency: the story behind the money in your pockets
If you go
The flights
Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.
The trip
The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore offers an eight-day levada trails tour from Dh3,050, not including flights.
The hotel
There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.
HWJN
%3Cp%3EDirector%3A%20Yasir%20Alyasiri%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Baraa%20Alem%2C%20Nour%20Alkhadra%2C%20Alanoud%20Saud%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
MATCH INFO
Barcelona 5 (Lenglet 2', Vidal 29', Messi 34', 75', Suarez 77')
Valladolid 1 (Kiko 15')
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.
UAE currency: the story behind the money in your pockets
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
Iraq negotiating over Iran sanctions impact
- US sanctions on Iran’s energy industry and exports took effect on Monday, November 5.
- Washington issued formal waivers to eight buyers of Iranian oil, allowing them to continue limited imports. Iraq did not receive a waiver.
- Iraq’s government is cooperating with the US to contain Iranian influence in the country, and increased Iraqi oil production is helping to make up for Iranian crude that sanctions are blocking from markets, US officials say.
- Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, pumped last month at a record 4.78 million barrels a day, former Oil Minister Jabbar Al-Luaibi said on Oct. 20. Iraq exported 3.83 million barrels a day last month, according to tanker tracking and data from port agents.
- Iraq has been working to restore production at its northern Kirkuk oil field. Kirkuk could add 200,000 barrels a day of oil to Iraq’s total output, Hook said.
- The country stopped trucking Kirkuk oil to Iran about three weeks ago, in line with U.S. sanctions, according to four people with knowledge of the matter who asked not to be identified because they aren’t allowed to speak to media.
- Oil exports from Iran, OPEC’s third-largest supplier, have slumped since President Donald Trump announced in May that he’d reimpose sanctions. Iran shipped about 1.76 million barrels a day in October out of 3.42 million in total production, data compiled by Bloomberg show.
- Benchmark Brent crude fell 47 cents to $72.70 a barrel in London trading at 7:26 a.m. local time. U.S. West Texas Intermediate was 25 cents lower at $62.85 a barrel in New York. WTI held near the lowest level in seven months as concerns of a tightening market eased after the U.S. granted its waivers to buyers of Iranian crude.
UAE currency: the story behind the money in your pockets
Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
SCORES IN BRIEF
New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)
Mohammed bin Zayed Majlis
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Ain Issa camp:
- Established in 2016
- Houses 13,309 people, 2,092 families, 62 per cent children
- Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
- Most from Deir Ezzor and Raqqa
- 950 foreigners linked to ISIS and their families
- NGO Blumont runs camp management for the UN
- One of the nine official (UN recognised) camps in the region
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Fixtures and results:
Wed, Aug 29:
- Malaysia bt Hong Kong by 3 wickets
- Oman bt Nepal by 7 wickets
- UAE bt Singapore by 215 runs
Thu, Aug 30:
- UAE bt Nepal by 78 runs
- Hong Kong bt Singapore by 5 wickets
- Oman bt Malaysia by 2 wickets
Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal
Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore
Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong
Thu, Sep 6: Final
Fitness problems in men's tennis
Andy Murray - hip
Novak Djokovic - elbow
Roger Federer - back
Stan Wawrinka - knee
Kei Nishikori - wrist
Marin Cilic - adductor