Near empty roads in the Jal El Dib area of north Beirut in Lebanon on January 23. The lockdown has been extended till Febraury 8. EPA
Near empty roads in the Jal El Dib area of north Beirut in Lebanon on January 23. The lockdown has been extended till Febraury 8. EPA
Near empty roads in the Jal El Dib area of north Beirut in Lebanon on January 23. The lockdown has been extended till Febraury 8. EPA
Near empty roads in the Jal El Dib area of north Beirut in Lebanon on January 23. The lockdown has been extended till Febraury 8. EPA

Why Lebanon just can't seem to form a government


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Since October, Lebanon has been mired in a government-formation process that is going nowhere. While the country continues to suffer, President Michel Aoun and Prime minister-designate Saad Hariri remain divided over who is the final authority on naming ministers, essentially creating a constitutional crisis.

Several weeks ago Mr Hariri took a draft cabinet proposal to Mr Aoun for his approval. The president rejected the list brought to him. The presidency argued that the Prime minister-designate had failed to respect the “standards of fair representation in accordance with the provisions of the constitution".

It is odd to hear Mr Aoun talk about "fair representation" as he and his son-in-law Gebran Bassil have spent years eliminating all rival Christian representatives from successive governments. In fact, their wanting to do so once again is at the heart of the problem between the president and Mr Hariri.

Mr Aoun wants to appoint all Christian ministers, and has accused Mr Hariri of denying him what he conceded to the two Shiite parties, Hezbollah and Amal. The Prime minister-designate has indeed allowed the two parties to name all Shiite ministers, but insists that because he himself has a cross-sectarian parliamentary bloc, he is entitled to name a certain number of Christians.

Mr Hariri’s position notwithstanding, there are other issues that have also been raised in the government formation process that have reflected badly on the president. The first is that his approach has been driven by a desire to see Mr Bassil succeed him as president. The second is that by blocking a government, he is drifting into questionable constitutional territory.

Mr Aoun’s desire to name all Christian ministers – like his demand that he name ministers to major portfolios such as the interior, justice, and defence ministries – is apparently destined to have a tight hold over the government for when Mr Aoun’s term ends in 2022. Mr Bassil had initially demanded a so-called blocking third in the government. In that way he could bring the government down before Mr Aoun’s departure if all his ministers resign, and use the vacuum to blackmail other politicians into voting for him as president.

It is unclear whether Mr Aoun and Mr Bassil have given up on this condition. A statement last week from the presidential palace stated that the president had not demanded a blocking third. It is entirely unclear, however, if Mr Bassil agrees. Whatever the truth, by demanding ministries involved in domestic security and justice issues, Mr Aoun and Mr Bassil seek to open corruption files against their political rivals and leverage this into support for a Bassil presidency.

A mask-clad woman and boy walk past shuttered shops in Souk Sabra in the southern suburbs of the Lebanon's capital Beirut on January 16. AFP
A mask-clad woman and boy walk past shuttered shops in Souk Sabra in the southern suburbs of the Lebanon's capital Beirut on January 16. AFP

A second problem is that Mr Aoun appears to have overstepped his constitutional role in the government formation process. The constitution is vague, saying only that once a prime minister is designated by parliament, he “shall conduct the parliamentary consultations involved in forming a cabinet.” The decree establishing the cabinet though must be co-signed with the president.

Mr Aoun has interpreted his signatory role as veto power over any government of which he does not approve. Yet such power would effectively mean the president forms the government. The revised constitution of 1990 was notable for curtailing presidential power in the cabinet’s favour, so it would be odd for it to allow the president to establish the government, albeit indirectly.

The French have all but given up on the Lebanese political class

Mr Aoun’s approach, if normalised, implies eroding the powers of the Sunni prime minister. This has generated Sunni unanimity behind Mr Hariri. It is all too apparent that if Mr Hariri does not form a government, no Sunni will be willing to do so in his place. That is what makes Mr Aoun’s position so reckless, at a time when Lebanon is facing economic ruin on top of a serious Covid-19 crisis. Beyond Mr Bassil’s interests, he seems indifferent to the welfare of his people.

Snow-covered fields in the Tannourine area in the Lebanese mountains, on January 22. AFP
Snow-covered fields in the Tannourine area in the Lebanese mountains, on January 22. AFP

What is the way out of this impasse? For the moment there seems to be no solution, nor does it appear yet that Hezbollah, the main power broker in the country, wants to alienate Mr Aoun by pushing him to make concessions. However, it is uncertain how long the party can allow the situation to deteriorate, as the Hezbollah's Shiite base is suffering like everyone else in Lebanon.

If the deadlock reaches the point where Hezbollah’s domestic and regional interests are threatened, the party could try to impose a median solution. Yet the context has changed. Initially, when Mr Hariri agreed to head a government, he said he would create a “working cabinet” to implement reforms asked for by France and the international community, to unlock foreign funding to Lebanon. Today, the French have all but given up on the Lebanese political class.

When Lebanon’s economic crisis occurred a year ago, many Lebanese understood that the corrupt politicians in power would block any true reform in the country to protect their interests. They could not have imagined, however, that the situation would be even worse than that. Five months after the horrific explosion in Beirut port, the sordid politicians are still fiddling while Lebanon burns.

Michael Young is a Lebanon columnist for The National

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

FULL%20FIGHT%20CARD
%3Cp%3EFeatherweight%20Bout%3A%0D%20Abdullah%20Al%20Qahtani%20v%20Taha%20Bendaoud%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Ali%20Taleb%20v%20Nawras%20Abzakh%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Xavier%20Alaoui%20v%20Rachid%20El%20Hazoume%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Islam%20Reda%20v%20Adam%20Meskini%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Tariq%20Ismail%20v%20Jalal%20Al%20Daaja%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Elias%20Boudegzdame%20v%20Hassan%20Mandour%0D%3Cbr%3EAmateur%20Female%20Atomweight%20Bout%3A%0D%20Hattan%20Al%20Saif%20v%20Nada%20Faheem%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Maraoune%20Bellagouit%20v%20Motaz%20Askar%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Ahmed%20Tarek%20v%20Abdelrahman%20Alhyasat%0D%3Cbr%3EShowcase%20Featherweight%20Bout%3A%0D%20Mido%20Mohamed%20v%20Yazeed%20Hasanain%0D%3Cbr%3EShowcase%20Flyweight%20Bout%3A%0D%20Malik%20Basahel%20v%20Harsh%20Pandya%0D%3C%2Fp%3E%0A
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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

DIVINE%20INTERVENTOIN
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Specs%3A%202024%20McLaren%20Artura%20Spider
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

While you're here
COMPANY%20PROFILE
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MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia on October 10

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

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.”

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

88 Video's most popular rentals

Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.  

Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.

Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.

MATCH INFO

Serie A

Juventus v Fiorentina, Saturday, 8pm (UAE)

Match is on BeIN Sports

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.