Gebran Bassil in Budapest, Hungary, 26 November 2019. EPA
Gebran Bassil in Budapest, Hungary, 26 November 2019. EPA
Gebran Bassil in Budapest, Hungary, 26 November 2019. EPA
Gebran Bassil in Budapest, Hungary, 26 November 2019. EPA

Gebran Bassil is damaged goods for Hezbollah


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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.

An empty street during the new lockdown in Beirut, Lebanon, November 15. EPA
An empty street during the new lockdown in Beirut, Lebanon, November 15. EPA

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.

Prime minister-designate Saad Hariri (R) meets Patrick Durel, an adviser to French President Emmanuel Macron, in Beirut on November 12
Prime minister-designate Saad Hariri (R) meets Patrick Durel, an adviser to French President Emmanuel Macron, in Beirut on November 12

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

Mercedes V250 Avantgarde specs

Engine: 2.0-litre in-line four-cylinder turbo

Gearbox: 7-speed automatic

Power: 211hp at 5,500rpm

Torque: 350Nm

Fuel economy, combined: 6.0 l/100 km

Price: Dh235,000

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

RESULTS

6.30pm: Emirates Holidays Maiden (TB) Dh 82,500 (Dirt) 1,900m
Winner: Lady Snazz, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Arabian Adventures Maiden (TB) Dh 82,500 (D) 1,200m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

7.40pm: Emirates Skywards Handicap (TB) Dh 82,500 (D) 1,200m
Winner: Rich And Famous, Royston Ffrench, Salem bin Ghadayer.

8.15pm: Emirates Airline Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Rio Angie, Sam Hitchcock, Doug Watson.

8.50pm: Emirates Sky Cargo (TB) Dh 92,500 (D) 1,400m
Winner: Kinver Edge, Richard Mullen, Satish Seemar.

9.15pm: Emirates.com (TB) Dh 95,000 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Aldar Properties Abu Dhabi T10

*November 15 to November 24

*Venue: Zayed Cricket Stadium, Abu Dhabi

*Tickets: Start at Dh10, from ttensports.com

*TV: Ten Sports

*Streaming: Jio Live

*2017 winners: Kerala Kings

*2018 winners: Northern Warriors

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%20at%206%2C000rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E800Nm%20at%202%2C750-6%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ERear-mounted%20eight-speed%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E13.6L%2F100km%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Orderbook%20open%3B%20deliveries%20start%20end%20of%20year%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh970%2C000%3C%2Fp%3E%0A
England's Ashes squad

Joe Root (captain), Moeen Ali, Jimmy Anderson, Jofra Archer, Jonny Bairstow, Stuart Broad, Rory Burns, Jos Buttler, Sam Curran, Joe Denly, Jason Roy, Ben Stokes, Olly Stone, Chris Woakes. 

TCL INFO

Teams:
Punjabi Legends 
Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17

TOP%2010%20MOST%20POLLUTED%20CITIES
%3Cp%3E1.%20Bhiwadi%2C%20India%0D%3Cbr%3E2.%20Ghaziabad%2C%20India%0D%3Cbr%3E3.%20Hotan%2C%20China%0D%3Cbr%3E4.%20Delhi%2C%20India%0D%3Cbr%3E5.%20Jaunpur%2C%20India%0D%3Cbr%3E6.%20Faisalabad%2C%20Pakistan%0D%3Cbr%3E7.%20Noida%2C%20India%0D%3Cbr%3E8.%20Bahawalpur%2C%20Pakistan%0D%3Cbr%3E9.%20Peshawar%2C%20Pakistan%0D%3Cbr%3E10.%20Bagpat%2C%20India%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20IQAir%3C%2Fem%3E%3C%2Fp%3E%0A
Thor%3A%20Love%20and%20Thunder%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Taika%20Waititi%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Chris%20Hemsworth%2C%20Natalie%20Portman%2C%20Christian%20Bale%2C%20Russell%20Crowe%2C%20Tessa%20Thompson%2C%20Taika%20Waititi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Previous men's records
  • 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
  • 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
  • 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
  • 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
  • 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
  • 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
  • 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
  • 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
  • 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
  • 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
Brief scores:

Juventus 3

Dybala 6', Bonucci 17', Ronaldo 63'

Frosinone 0

UAE jiu-jitsu squad

Men: Hamad Nawad and Khalid Al Balushi (56kg), Omar Al Fadhli and Saeed Al Mazroui (62kg), Taleb Al Kirbi and Humaid Al Kaabi (69kg), Mohammed Al Qubaisi and Saud Al Hammadi (70kg), Khalfan Belhol and Mohammad Haitham Radhi (85kg), Faisal Al Ketbi and Zayed Al Kaabi (94kg)

Women: Wadima Al Yafei and Mahra Al Hanaei (49kg), Bashayer Al Matrooshi and Hessa Al Shamsi (62kg)