Armenian President Armen Sarkissian on Sunday announced that he was resigning his largely ceremonial position because his office was unable to influence policy during times of national crisis.
The announcement comes after a period of instability in the small and economically struggling former Soviet nation following a war with its long-standing rival, Azerbaijan.
Armenia's humiliating defeat and loss of disputed territory in late 2020 sparked massive street rallies and a domestic crisis that pitted Mr Sarkissian against Prime Minister Nikol Pashinyan.
"This is not an emotionally driven decision and it comes from a specific logic," Mr Sarkissian said on his official website.
"The president does not have the necessary tools to influence the important processes of foreign and domestic policy in difficult times for the people and the country."
At the core of that disagreement was the dismissal of the Armenian military's chief of staff, and Mr Sarkissian refused to sign an order from Mr Pashinyan to see him moved, in what was a serious blow to the embattled prime minister.
The departing president said at the time that the crisis could not be defused through frequent personnel changes.
Mr Sarkissian late on Sunday lashed out at a "reality in which the president cannot veto laws that he believes to be bad for the people and the country".
He said various political groups in the landlocked country regarded the office of the presidency not as a boon to Armenia, but as "a danger to them".
"I hope that eventually the constitutional changes will be implemented and the next president and presidential administration will be able to operate in a more balanced environment," Mr Sarkissian said.
The war, which killed more than 6,000 people, saw Russian peacekeepers sent to the disputed mountainous region.
Armenia's constitution stipulates that the parliament, which is controlled by parties aligned with Mr Pashinyan, should hold a vote to decide the next president within 35 days.
Mr Sarkissian, a former physics teacher, was born in 1953 in the capital Yerevan. He served as prime minister between 1996 and 1997, according to an official biography.
He was Armenia's ambassador to the UK when he was elected president in March 2018 by the legislature.
The announcement of Mr Sarkissian's resignation comes shortly after his office announced that he would be taking a leave of absence to undergo medical checks, without providing details.
Armenia's economy has struggled since the Soviet collapse and money sent home by Armenians abroad has aided the construction of schools, churches and other infrastructure projects, including in Nagorno-Karabakh, the region at the centre of the war with Azerbaijan.
Armenia has a large and politically powerful diaspora spread across the world after Ottoman-era massacres, and is now estimated at 10 million people, mostly in Russia, the US and France.
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Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
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Transmission: eight-speed automatic
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On sale: now
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Director: Joseph Kosinski
Rating: 4/5
Specs
Engine: 2-litre
Transmission: Eight-speed automatic
Power: 255hp
Torque: 273Nm
Price: Dh240,000
The Gandhi Murder
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
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Day 2
England: 277 & 19-0
West Indies: 154
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The story in numbers
18
This is how many recognised sects Lebanon is home to, along with about four million citizens
450,000
More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps
1.5 million
There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m
73
The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association
18,000
The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme
77,400
The number of people believed to be affected by the current nationality law, according to the 2009 UN study
4,926
This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee
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What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."