Cabinet in Lebanon to tackle false witness issue


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BEIRUT // The Lebanese cabinet is set to debate today how to investigate witnesses who allegedly lied to United Nations investigators probing the 2005 assassination of former prime minister Rafiq Hariri.

In recent months, Hizbollah and its pro-Syrian allies have pressed the "false witnesses" issue in an apparent attempt to discredit the Netherlands-based Special Tribunal for Lebanon (STL), which is said to be preparing to hand down indictments within weeks, possibly against members of the Islamist movement. They claim witnesses were coerced into implicating Hizbollah and Syria in the killings of Hariri and at least 20 others.

Hizbollah and its allies want the issue referred to a quasi-independent judicial body for possible prosecution. These demands carry weight: as the top members of the political opposition in a unity government, the Shiite movement and its supporters control enough cabinet votes to bring down the government if their demands are unmet.

The speaker of parliament, Nabih Berri, has urged that the cabinet address the "false witnesses" issue head-on. "The method of procrastination and delay must stop. Cabinet should be decisive regarding the false witnesses' issue," the daily Al-Liwaa quoted Mr Berri as saying yesterday. "This issue should be resolved in cabinet's next meeting even if ministers are required to vote."

But the Lebanese prime minister Saad Hariri, whose political career has hinged upon supporting the investigation into his father's assassination, has already rejected not only such a referral to the Higher Judicial Council of Lebanon, but late Tuesday announced that he would not allow a vote on the issue on Wednesday regardless of the opposition's complaints.

Walid Jumblatt, a member of parliament and a one-time ally of Mr Hariri now considered neutral, has repeatedly warned that the tribunal could endanger Lebanon. Yesterday, he again recommended against any cabinet vote on the "false witnesses" issue.

In remarks published in As Saffir newspaper, while he was visiting with counterparts in Syria, Mr Jumblatt said that Lebanon needed stability "more than justice" and that continued dialogue, rather than a cabinet showdown, was Lebanon's only hope to avoid a government collapse. The tribunal has turned Lebanon into a political pressure cooker. After a series of speeches by Hizbollah's leader Hassan Nasrullah, in which he predicted the group would be accused and warned such indictments would spark new sectarian violence in Lebanon, other allies have issued a steady stream of threats and innuendo.

Hizbollah military officials have admitted to preparing responses to any indictments but have stressed to The National that such plans will only be considered as a last after the outcome of several other factors.

For his part, Mr Hariri told a gathering of his supporters at a meeting late Monday evening that his support for the tribunal would continue and that he would refuse any settlement of the crisis that did not allow the investigation into his father's death to move forward.

But even as many Lebanese hope for a compromise that could avert a potentially destabilising showdown, a prominent US senator and former Democratic Party candidate for president, John Kerry, said Lebanon could not stop the tribunal.

"Lebanon doesn't have the power to change the tribunal, because it was created by the United Nations at the request of this country," he said. "Even Prime Minister Hariri cannot halt the STL."

One tactic expected to be used by the opposition in the coming days, besides forcing a vote on the witness issue, would be an attempt to force the cabinet into removing financial support for the tribunal and forbidding Lebanese police investigators seconded to the investigation to cooperate.

Mr Hariri, however, has repeatedly refused to consider such a move, and even if such an effort was successful, it is doubtful that it would halt the issuing of indictments, according to one high-ranking police official, who asked to not be identified out of fear of angering Hizbollah.

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

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

UAE v Zimbabwe A, 50 over series

Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai

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The specs: 2017 Porsche 718 Cayman

Price, base / as tested Dh222,500 / Dh296,870

Engine 2.0L, flat four-cylinder

Transmission Seven-speed PDK

Power 300hp @ 6,500rpm

Torque 380hp @ 1,950rpm

Fuel economy, combined 6.9L / 100km