Five years on: 'Hariri did not die in vain'


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BEIRUT // Tens of thousands of mourners and political supporters of the slain former prime minister Rafik Hariri arrived at Beirut's Martyr's Square yesterday to commemorate the popular Sunni Muslim leader's murder five years ago as his son, the current prime minister, attempted to bolster the fading political movement sparked by his father's death.

"Five years ago, you came down to this very square to demand justice and freedom - and we are not turning back," Saad Hariri told the cheering crowd. One of them, Zeina al Sidani, who was carrying a Lebanese flag in one hand and a red rose in the other, said: "I am here to say Rafik Hariri did not die for nothing. We will continue to fight for our independence." One month after Hariri died in a car bomb attack along with more than 20 other people in 2005, a reported million people gathered in this same square with the hopes of unifying Lebanon's fractured political environment into a cohesive non-sectarian political force. It briefly succeeded. The government, then widely seen as a Syrian puppet was forced from power, and within months Syria itself was forced, by those who believed it complicit in the murder, to withdraw the military and security apparatus that dominated Lebanon for almost 30 years.

But despite a resounding win in June's parliamentary elections and the arrival in 2008 of a president, Michel Suleiman, widely seen as Lebanon's most independent in decades, Mr Hariri needed to use yesterday's event to rebuild momentum for his "March 14" movement. The alliance has been plagued by defections, indiscipline and a nagging sense by many Lebanese voters that determining actual accountability for the assassination has been put aside by both the international community and even Mr Hariri himself. His visit to Damascus last year for a meeting with the Syrian president, Bashar Assad, did nothing to dispel those doubts.

"We learnt the truth when Hariri kissed Assad," said Joelle, a pharmacist, who was working just a few hundred metres from the rally yesterday. To fight the appearance that political realities shelved much of the promise of the March 14 movement, including the visit to Damascus and a power-sharing agreement with his bitter political and religious foes in Hizbollah, Mr Hariri tackled some of the tougher issues with a defence cheerfully received by his political supporters, who composed the vast majority of the crowd.

Mr Hariri said his visit to Damascus was "part of inter-Arab reconciliation" efforts launched by Saudi King Abdullah, who preceded him to the Syrian capital. "My visit to Syria was part of that initiative," Mr Hariri said, prompting jeers from the crowd in downtown Beirut. "I am keen on launching a new phase of ties between Lebanon and Syria as two sovereign, independent countries." Mr Hariri's ally Amin Gemayel, a former president who heads the Christian Maronite Phalange Party, said the path to reconciliation with Syria was a long one.

"We want Syria to take concrete steps, with a deadline, to bring to an end issues that are still hanging between our countries," Mr Gemayel said. His son Pierre, a former cabinet minister, was gunned down in 2006. Absent from Mr Hariri's side on the platform yesterday was one of his father's closest political allies, Walid Jumblatt. The Druze chieftain and leader of the powerful Popular Socialist Party is expected to meet Mr Assad in the near future. He had used his own father's murder in 1977 at the hands of the Syrians to help Mr Hariri rally considerable support in the early days of the movement.

But yesterday, Mr Jumblatt, who split from the March 14 alliance, only agreed to accompany Mr Hariri to pray at the grave of the prime minister's father, immediately departing the event before the political speeches began, marking the first major March 14 event to proceed without a bombastic speech by one of Lebanon's most colourful political figures. Although Hizbollah's website says a delegation of its political figures paid its respects to Hariri, they did so in private on Saturday, leaving yesterday's rally conspicuous for its narrow participation.

This was highlighted by the speakers' efforts to excite the crowd by calling out the names of Lebanese cities to the eruption of applause by people attending from those places. Sunni Muslim-dominated areas such as Akkar, Tripoli, and Sidon, Hariri's birthplace, were met by frantic cheers, but when the announcer called to hear from the people of Baalbek, a predominately Shiite and Hizbollah stronghold, a painful silence ensued. Embarrassed, the announcer tried again.

"Everyone from Ashrafiya?" he said, referring to the hard-right centre of Lebanese Christian life in Beirut, located just a few hundred metres away. Some people applauded. Others just bought small cups of coffee and cheese sandwiches from Syrian vendors.
mprothero@thenational.ae

UAE currency: the story behind the money in your pockets
Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

Company%20Profile
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Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

2019 Asian Cup final

Japan v Qatar
Friday, 6pm
Zayed Sports City Stadium, Abu Dhabi

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

Final round

25 under -  Antoine Rozner (FRA)

23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)

21 - Grant Forrest (SCO)

20 - Ross Fisher (ENG)

19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)

RESULTS
%3Cp%3E%3Cstrong%3E9pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(Dirt)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Mubhir%20Al%20Ain%2C%20Antonio%20Fresu%20(jockey)%2C%20Ahmed%20Al%20Mehairbi%20(trainer)%3Cbr%3E%3Cstrong%3E9.30pm%3A%20Handicap%20(TB)%20Dh70%2C000%20(D)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Exciting%20Days%2C%20Oscar%20Chavez%2C%20Doug%20Watson%3Cbr%3E%3Cstrong%3E10pm%3A%20Al%20Ain%20Cup%20%E2%80%93%20Prestige%20(PA)%20Dh100%2C000%20(D)%202%2C000m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Suny%20Du%20Loup%2C%20Marcelino%20Rodrigues%2C%20Hamad%20Al%20Marar%3Cbr%3E%3Cstrong%3E10.30pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C800m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Jafar%20Des%20Arnets%2C%20Oscar%20Chavez%2C%20Ahmed%20Al%20Mehairbi%3Cbr%3E%3Cstrong%3E11pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(D)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Taj%20Al%20Izz%2C%20Richard%20Mullen%2C%20Ibrahim%20Al%20Hadhrami%3Cbr%3E%3Cstrong%3E11.30pm%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Majdy%2C%20Antonio%20Fresu%2C%20Jean%20de%20Roualle%3Cbr%3E%3Cstrong%3E12am%3A%20Maiden%20(PA)%20Dh70%2C000%20(D)%201%2C400m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Hamloola%2C%20Sam%20Hitchcott%2C%20Salem%20Al%20Ketbi%3C%2Fp%3E%0A
LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

The UN General Assembly President in quotes:

YEMEN: “The developments we have seen are promising. We really hope that the parties are going to respect the agreed ceasefire. I think that the sense of really having the political will to have a peace process is vital. There is a little bit of hope and the role that the UN has played is very important.”

PALESTINE: “There is no easy fix. We need to find the political will and comply with the resolutions that we have agreed upon.”

OMAN: “It is a very important country in our system. They have a very important role to play in terms of the balance and peace process of that particular part of the world, in that their position is neutral. That is why it is very important to have a dialogue with the Omani authorities.”

REFORM OF THE SECURITY COUNCIL: “This is complicated and it requires time. It is dependent on the effort that members want to put into the process. It is a process that has been going on for 25 years. That process is slow but the issue is huge. I really hope we will see some progress during my tenure.”

Points Classification after Stage 1

1. Geraint Thomas (Britain / Team Sky) 20

2. Stefan Kueng (Switzerland / BMC Racing) 17

3. Vasil Kiryienka (Belarus / Team Sky) 15

4. Tony Martin (Germany / Katusha) 13

5. Matteo Trentin (Italy / Quick-Step) 11

6. Chris Froome (Britain / Team Sky) 10

7. Jos van Emden (Netherlands / LottoNL) 9

8. Michal Kwiatkowski (Poland / Team Sky) 8

9. Marcel Kittel (Germany / Quick-Step) 7

10. Edvald Boasson Hagen (Norway / Dimension Data) 6

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

States of Passion by Nihad Sirees,
Pushkin Press