BEIRUT // For more than 18 months, political gridlock and ceaseless bickering has left Lebanon without a president.
In a country where politicians cannot come to an agreement on the most basic things, such as how to get rid of the rubbish that has piled up in the capital’s streets for months, choosing a president from the small pool of Christian former warlords, military officers, businessmen and feudal leaders who are eligible for the post and command political clout is a tall order.
Parliament has met 32 times so far to try and fill the power vacuum and convenes again on Wednesday to consider the latest candidate – the divisive Sleiman Franjieh, an ally of Syrian president Bashar Al Assad.
Mr Franjieh, a 50-year-old Maronite Christian, was proposed for the post last month as part of a deal that would see former prime minister Saad Hariri, a Sunni who adamantly opposes the Syrian government, return to power. The deal quickly won the backing of several powerful leaders and the Maronite Church, as well as the blessings of Saudi Arabia and France.
Under a sectarian power-sharing agreement established at independence in 1943, Lebanon’s president will always be a Christian, its prime minister a Sunni and its speaker of parliament a Shiite.
Despite the initial momentum behind Mr Franjieh’s candidacy, the bid has stalled in recent days. His election remains a possibility, though obstacles surrounding his run underscore the difficulties a sharply divided Lebanon faces in ending the presidential vacuum.
Mr Franjieh’s life, career and political leanings were largely shaped by one bloody night in Lebanon’s 15-year-long civil war.
In 1978, when Mr Franjieh was just 13, his immediate family was massacred at their mansion in the northern town of Ehden after a rival Christian militia launched what was meant to be a decapitation strike against his father’s Marada Movement. In a war where atrocities were abundant, the Ehden massacre still stood out for its brutality, with fighters not even sparing Mr Franjieh’s three-year-old sister Jihane and, by some accounts, forcing his parents to watch her execution.
By a stroke of luck, Mr Franjieh was not at home when the attackers came.
Samir Geagea, now head of the powerful Lebanese Forces party and a man who has been seen as long eyeing the presidency, is believed to have commanded the attack in Ehden.
Suddenly orphaned, Mr Franjieh was brought to Syria by relatives and became close friends with Bashar Al Assad’s older brother Basel, who was being groomed for the presidency until his 1994 death in a car accident. That relationship paved the way for his close ties with Syria’s rulers that remain strong today.
At 17, Mr Franjieh became the commander of the Marada Movement and its militia.
With Lebanon already split politically over Syria’s civil war, Mr Franjieh’s candidacy adds to the controversy.
If he took the presidency “it would have the potential of radicalising the Sunni community and polarising the Christian one”, said Sami Nader, director of the Beirut-based Levant Institute for Strategic Affairs. “Because at the end of the day, Franjieh has always been perceived as somebody who is close to the Assad regime.”
Since Syria’s civil war began, Lebanon’s leaders have maintained a policy of disassociation from the conflict and been careful not to take sides.
The election of an openly pro-Assad president could rile Lebanon’s Sunni community, large segments of which have been sympathetic to Syria’s mostly Sunni rebels. At times during the conflict, Sunni militants in Lebanon have fought against pro-Syria groups here and have also streamed across the border to join Free Syrian Army units and extremist groups. On the other side, Lebanon’s Shiite Hizbollah movement has sent its fighters into Syria to support Mr Al Assad.
“It is a fact that when he [Mr Franjieh] is president, he has to open up to the 14 of March camp,” said Mr Nader, referring to Lebanon’s anti-Syria alliance, which is led by Mr Hariri’s Future Movement, the main Sunni political party in Lebanon.
With support from Mr Hariri and Saudi Arabia, the plan to put Mr Franjieh into the presidency seems to be an attempt at a compromise with Lebanon’s pro-Syria parties, but that in itself is not enough to quell opposition to his election.
Mr Franjieh also faces significant opposition from the country’s main Christian political parties: the Phalange, the Lebanese Forces and the Free Patriotic Movement.
While the Phalange and Lebanese Forces are in the anti-Syria camp, the Free Patriotic Movement is an ally of Hizbollah – just as Mr Franjieh’s Marada Movement is. However its leader, Michel Aoun, has thus far been unable to secure the necessary support to become president.
Mr Aoun’s movement and other pro-Syria groups have boycotted parliament sessions aimed at finding a new president, forcing meetings to be adjourned over a lack of quorum.
Hizbollah leader Hassan Nasrallah has reportedly told Mr Franjieh that Mr Aoun – his group’s more powerful Christian ally – remained its first choice for the presidency.
Both of Hizbollah’s Christian partners vying for the presidency puts it in a difficult position.
“While it might seem that Hizbollah has a simple task of choosing between its two main Christian allies, it is also probably the easiest and fastest way to lose one of them,” said Ramez Dagher, a Lebanese political blogger.
Under Lebanon’s constitution, a president is elected by a two-thirds majority in the country’s 128-member parliament. If no candidate can secure two-thirds of the vote, a second round of voting is held in which a candidate needs only a simple majority.
Mr Geagea of the Lebanese Forces led after an initial round of voting in April last year, securing 48 votes. Fifty-two MPs submitted blank ballots. He needed only 65 votes in a second round to become president, but parliament has not been able to muster a quorum since.
Finding a president in Lebanon depends more on careful deal-making and negotiations than popularity. All of the top contenders for the post are former warlords, strong-headed men with significant baggage and lingering vendettas from the civil war decades ago. All face major hurdles in their quests to be elected.
Without a deal cut – or a new candidate thrown into the ring – paralysis will continue.
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David Haye record
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Wins by KO: 26
Losses: 4
How to vote
Canadians living in the UAE can register to vote online and be added to the International Register of Electors.
They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi
Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday)
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Miguel Cotto world titles:
WBO Light Welterweight champion - 2004-06
WBA Welterweight champion – 2006-08
WBO Welterweight champion – Feb 2009-Nov 2009
WBA Light Middleweight champion – 2010-12
WBC Middleweight champion – 2014-15
WBO Light Middleweight champion – Aug 2017-Dec 2017
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.”
the pledge
I pledge to uphold the duty of tolerance
I pledge to take a first stand against hate and injustice
I pledge to respect and accept people whose abilities, beliefs and culture are different from my own
I pledge to wish for others what I wish for myself
I pledge to live in harmony with my community
I pledge to always be open to dialogue and forgiveness
I pledge to do my part to create peace for all
I pledge to exercise benevolence and choose kindness in all my dealings with my community
I pledge to always stand up for these values: Zayed's values for tolerance and human fraternity
Global state-owned investor ranking by size
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China
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Japan
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars