Lokman Slim, who was found shot dead in his car on February 4, 2021 in the south of Lebanon. AFP
Lokman Slim, who was found shot dead in his car on February 4, 2021 in the south of Lebanon. AFP
Lokman Slim, who was found shot dead in his car on February 4, 2021 in the south of Lebanon. AFP
Lokman Slim, who was found shot dead in his car on February 4, 2021 in the south of Lebanon. AFP

Lokman Slim: the assassination of a most elegant critic


  • English
  • Arabic

The last time I saw Lokman Slim, the Lebanese publisher and independent activist, was a few weeks ago, on a sunny midweek day in Beirut. He was standing next to Riad Al Soloh square, the site of so many protests, smoking a cigarette, holding two pieces of paper in his hand and waiting to go inside a building housing many regional and international studios for one of his live interviews.

I was wearing my mask and several layers when I spotted him, and feared he might not recognise me through it all.

“I recognised you since I saw you taking a picture of the graffiti on the wall,” he said.

We laughed. It had been too long since we had last seen each other. I did not see him again on the way out. I also didn’t know it would be the last time I would see him in the sun.

I met Slim in 2012, as the Syrian revolution was dominating the world’s news, and criticism against Hezbollah, a Lebanese ally of the Syrian regime, was mounting. He was famous for his criticism of Hezbollah. I was a young journalist battling my way onto the scene, with so much to say. He invited me, through my boss at the time, to a round table between Lebanese and Syrian activists in Hamra, Beirut.

We soon became friends on social media. I used to admire him because, me being a recent graduate, in him I saw everything I had hoped to see in my university professors: a critical thinker, a fierce yet calm fighter with a distinguished voice, a listener. I was always amazed by the fact that Slim was a man dealing with politics every day who never interrupted me as I spoke, me the young female journalist squeezing her way into a challenging career.

After our round table, I learned that he was born in Haret Hreik, where in 1990 he founded an independent Lebanese publishing house called Dar Al Jadeed. Many of his and the Dar’s publications were deemed controversial because they stirred discussions, tested ideologies and put forth questions that conservative sections of our society often did not want asked.

A Lebanese protester demands justice after Slim's assassination. Getty
A Lebanese protester demands justice after Slim's assassination. Getty

He never left Haret Hreik. He continued living there to develop his work and never shied away from his causes – be they political, social or historical. Slim was an eloquent opposition figure. He knew what he was up against.

The fact that he came from Hezbollah’s own Shiite community lent an added layer of authority – but also challenges – to his already-controversial views. Pro-Hezbollah media labelled him as a “Shiite of the US embassy”, a term often used against those who reject Hezbollah’s ideology in an effort to paint them as “traitors”. They published recurring, indirect threats to him and other opposition members at the time. He responded with historical facts, tackling the political psychology of his society and referring back to something stronger that any propaganda: research with analysis based on reason.

And because politics were never enough, his love for Lebanon and Beirut’s memory was so immense that in 2004 he cofounded the Umam Documentation and Research Centre, where he and his team worked on collecting a large portion of resources to document Lebanese history. Preserving history was one of his missions, he used to say repeatedly, because Lebanon has so much history, and to him it was too precious to go to waste.

One of his main causes was to keep the memory of the missing Lebanese in the Syrian regime’s prisons alive. The Syrian revolution was also a cause that he strongly believed in; in 2016, he co-directed the documentary “Tadmor”.

I didn't know it would be the last time I would see him in the sun

In the fall of 2019, during an event in Beirut, I was moderating a panel about memory and history in Beit Beirut, a building which I knew Slim enjoyed so much. After discussing innovation, politics, technology and the memories of Syria, it was time to talk about Beirut.

When I asked him about the role of the memory in the revolution (which was still happening back then), he answered with a smile: “There is no revolution without memory.”

Thought never dies.

A few weeks later, his house in Harit Hreik was in the spotlight when a large group of Hezbollah supporters protested in his garden, asking him and his family to leave, sending them clear messages by hanging papers on the walls outside that said “Lokman Slim, the traitor agent”, “Lokman the Zionist” and “Glory to the one who silences him” – all terms that refer to what would eventually transpire today, his assassination.

Slim was a prominent personality who had no real political aspirations, but only hopes that Lebanon would remain a cultural hub and a space to maintain freedom of thought. It was, for him, a space to share even with those with whom we do not necessarily agree.

With Lokman Slim’s death, Lebanon lost a part of its memory. I’m afraid now that Lebanon is entering an era where all good memories, including those Slim strongly believed in, will be silenced or disappeared, one way or another.

Luna Safwan is a Lebanese freelance journalist who works on press freedom

RESULTS
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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.”

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

Persuasion
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Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

Bio:

Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour

Favourite Hobby: Serving poor people 

Favourite Book: The Alchemist by Paulo Coelho

Favourite food: Fish and vegetables

Favourite place to visit: London

The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia