BEIRUT // The threat posed by ISIL has seen historic enemies fighting on the same side. The United States battles the same enemy as Shiite militias that once laid improvised explosive devices along paths patrolled by American troops. Kurds warily fight alongside Arabs they accuse of trying to perpetrate genocide against them in the past.
In Lebanon, the country’s normally factious political parties agree on the urgent need to fight ISIL and Jabhat Al Nusra forces building up on the country’s eastern border with Syria.
Yet, the accord only goes so far. Exactly how to protect Lebanon is a matter of contention. The country remains deeply divided between those who support the uprising against Bashar Al Assad, and those who still back the Syrian president.
In a speech on Monday, Hizbollah leader Hassan Nasrallah — a supporter of Mr Al Assad — warned that when the snow melts on Lebanon’s mountainous eastern frontier and ISIL and Jabhat Al Nusra forces can move easier, Lebanon will have to figure out a way to protect itself from stepped up attacks.
To protect the border, the leader of the Iranian-backed militant group called on Lebanon to coordinate with the Syrian army, a force many here despise for its long, heavy-handed occupation of their country.
The frontier is currently manned by the Lebanese army — which battles attackers infiltrators on a near daily basis — along with Hizbollah forces. The group is also fighting inside Syria and Iraq, an intervention Mr Nasrallah has defended as necessary to safeguard the country from the threat of extremists.
“I call for those who are urging us to withdraw from Syria to join us in our fight in Syria,” Mr Nasrallah said. “Let’s go to Iraq and everywhere to face off this threat because this is the right way to defend Lebanon.”
This defence strategy does not sit well with Hizbollah’s domestic opponents.
While Hizbollah says its fights in foreign countries are about keeping Lebanon safe, their detractors blame those interventions for inviting the region’s wars to Lebanon.
“Withdraw from Syria. Stop dragging the fires from Syria to our country,” said Saad Hariri, the figurehead of the anti-Syrian government, anti-Hizbollah March 14 coalition in a speech last week.
Mr Hariri spoke at the 10th anniversary of the assassination of his father, former prime minister Rafik Hariri. An international tribunal has charged five Hizbollah members with involvement in the former premier’s Valentine’s Day death in 2005.
“The main thing for the March 14 group is that the intervention of Hizbollah is what led those radicals to target Lebanon’s borders and try to have access to Lebanese soil,” said Mario Abou Zeid, an analyst with the Carnegie Middle East Center in Beirut. To March 14, “if Hizbollah would withdraw from the Syrian conflict and the Lebanese Armed Forces would assume its responsibility to protect the borders, things would change,” he added.
Lebanon falls within the area ISIL claims for its caliphate. Extremists have also carried out bombings in the country in revenge for Hizbollah’s role in Syria.
Lebanon's army of 65,000 is a force that often sits on the sidelines of the country's delicate sectarian conflicts, afraid of disintegrating as it did during the country's civil war and too weak to maintain control in many areas. The military has received increased military aid from the US and UK since ISIL appeared on the border and is waiting on the delivery of US$3 billion (Dh11bn) in French arms purchased with money from Saudi Arabia.
But despite the will to fight and the bolstered armouries, some still doubt the army’s capabilities to confront an assault from a group that has embarrassed much stronger military powers in the region such as the Iraqi Army.
“The people inside March 14 know very well that if it wasn’t for Hizbollah intervening inside Syria, we would be fighting ISIL inside Beirut,” said Kamel Wazne, a Lebanese political analyst and founder of the Centre for American Strategic Studies in Beirut.
But American University of Beirut political science professor Hilal Khashan said it is important to remember that Hizbollah is “fighting all shades of the Syrian opposition” and is battling ISIL and Jabhat Al Nusra for its own agenda, reasons “unrelated to what other Lebanese factions may want.”
Hizbollah has been active in the Syrian civil war for several years now, entering the conflict initially to help the government fend off the Free Syrian Army. That move enraged many Sunnis in Lebanon and sparked unrest.
Late last year, Hizbollah and the Future Movement, the Sunni-backed political party that Mr Hariri also heads, began a series of reconciliation talks aimed at quieting inflamed sectarian tensions.
There has been some progress: Earlier this month, the sides struck an agreement to take down provocative political posters in Beirut and other Lebanese cities. A national antiterror strategy is being discussed by the two parties, but reconciliation remains elusive and hostility continues.
“The aim of these negotiations is to manage the conflict in Lebanon, not to solve the conflict in Lebanon,” said Mr Khashan.
foreign.desk@thenational.ae
IF YOU GO
The flights
FlyDubai flies direct from Dubai to Skopje in five hours from Dh1,314 return including taxes. Hourly buses from Skopje to Ohrid take three hours.
The tours
English-speaking guided tours of Ohrid town and the surrounding area are organised by Cultura 365; these cost €90 (Dh386) for a one-day trip including driver and guide and €100 a day (Dh429) for two people.
The hotels
Villa St Sofija in the old town of Ohrid, twin room from $54 (Dh198) a night.
St Naum Monastery, on the lake 30km south of Ohrid town, has updated its pilgrims' quarters into a modern 3-star hotel, with rooms overlooking the monastery courtyard and lake. Double room from $60 (Dh 220) a night.
Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
Meydan race card
6.30pm: Maiden; Dh165,000; (Dirt) 1,200m
7.05pm: Handicap; Dh170,000; (D) 1,200m
7.40pm: Maiden; Dh165,000; (D) 1,900m
8.15pm: Handicap; Dh185,000; (D) 2,000m
8.50pm: Handicap; Dh185,000; (D) 1,600m
9.25pm: Handicap; Dh165,000; (D) 2,000m
Read more from Aya Iskandarani
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
RESULTS
6.30pm UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m
Winner Final Song, Christophe Soumillon (jockey), Saeed bin Suroor (trainer).
7.05pm Handicap (TB) $135,000 (Turf) 1,000m
Winner Almanaara, Dane O’Neill, Doug Watson.
7.40pm Handicap (TB) $175,000 (D) 1,900m
Winner Grand Argentier, Brett Doyle, Doug Watson.
8.15pm Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m
Winner Major Partnership, Patrick Cosgrave, Saeed bin Suroor.
8.50pm Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m
Winner Gladiator King, Mickael Barzalona, Satish Seemar.
9.25pm Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m
Winner Universal Order, Richard Mullen, David Simcock.
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.”
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J%20Street%20Polling%20Results
%3Cp%3E97%25%20of%20Jewish-Americans%20are%20concerned%20about%20the%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E76%25%20of%20US%20Jewish%20voters%20believe%20Donald%20Trump%20and%20his%20allies%20in%20the%20Republican%20Party%20are%20responsible%20for%20a%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E74%25%20of%20American%20Jews%20agreed%20that%20%E2%80%9CTrump%20and%20the%20Maga%20movement%20are%20a%20threat%20to%20Jews%20in%20America%22%3Cbr%3E%3C%2Fp%3E%0A
Zayed Sustainability Prize
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Race card
6.30pm: Emirates Holidays Maiden (TB), Dh82,500 (Dirt), 1,900m
7.05pm: Arabian Adventures Maiden (TB), Dh82,500 (D), 1,200m
7.40pm: Emirates Skywards Handicap (TB), Dh82,500 (D), 1,200m
8.15pm: Emirates Airline Conditions (TB), Dh120,000 (D), 1,400m
8.50pm: Emirates Sky Cargo (TB), Dh92,500 (D)1,400m
9.15pm: Emirates.com (TB), Dh95,000 (D), 2,000m