After seven years of on and off US mediation, Lebanon and Israel seem to be inching towards setting up a framework to negotiate their maritime borders, in a bid to accelerate offshore oil and gas exploration.
As gas started being discovered off the coast of Israel in the late 1990s, Lebanon, as well as neighbouring countries such as Syria and Cyprus, moved towards setting up their exclusive economic zones to potentially explore and drill offshore.
This led to a dispute between Lebanon and Israel, two hostile countries that have never established diplomatic relations, over a triangular 860 square kilometre wedge of the Mediterranean Sea.
In 2012, the US stepped in to mediate. But despite the efforts of several US diplomats, negotiations reached a dead end and were suspended after Donald Trump took office in 2017.
Tensions flared up early 2018 after Lebanon issued licences to several international companies, including in the disputed area, with Israeli Defence Minister Avigdor Lieberman calling it “very provocative”.
Hezbollah responded by saying the comments were “a new aggression”. The Iran-backed party and Israel fought a month-long war in the summer of 2006.
Shortly after, US envoy David Satterfield visited Beirut, but there was little progress.
Today, the tone has changed.
On May 27, Israeli Energy Minister Yuval Steinitz's office said in a statement after he met Mr Satterfield that talks to agree on a border could be "for the good of both countries' interests in developing natural gas reserves and oil".
The statement was welcomed by Lebanon, though it was not news.
Mr Satterfield had informed Lebanese officials a few weeks ago that Israel had agreed to Lebanon’s main request: that the UN supervise the talks.
"What started it all was when [US Secretary of State Mike] Pompeo was here" late March, Lebanese MP Yassine Jaber told The National.
Lebanese President Michel Aoun had stacked the odds in its favour a few weeks prior to Mr Pompeo’s visit by presenting a “unified” stance on the border dispute to the US ambassador to Lebanon Elizabeth Richard.
Despite previous disagreements, the president, Prime Minister Saad Hariri and Parliament Speaker Nabih Berri finally agreed that they wanted the land and maritime borders to be discussed at the same time and not separately.
Another major potential sticking point seemed to have been resolved when Hezbollah leader Hassan Nasrallah indicated he would allow Lebanon's politicians to negotiate in the best interests of the country. But, that is now in doubt after he spoke on Friday night and accused the US of trying to use the agreement over the maritime border to disposes Hezbollah of its rocket arsenal.
He added that the group does not have missile factories in Lebanon to domestically manufactory projectiles (as has long been reported), but that he would consider establishing them if Washington uses the talks to pressure Lebanese leaders over the paramilitary force’s arms.
Lebanon also wants the UN to host the maritime border talks, something which Israel was reluctant to accept previously.
Both requests were green-lighted by Israel, according to the Lebanese officials who spoke to The National.
That means that a US representative would be invited to attend the ongoing land border talks that occur roughly once a month in the Lebanese border town of Naqoura, and that discussions would be widened to include the maritime border.
The main mediation role will fall to the US, not to the UN, which is expected to take a step back.
Lebanese and Israeli representatives have discussed their land border together for more than two decades under UN supervision.
Most of it has been agreed on by the so-called “tripartite” committee.
The issue of maritime demarcation is currently outside the mandate of the United Nations Interim Force in Lebanon (Unifil), but that doesn’t seem to be a problem.
The UN has confirmed to Lebanon that it is ready to go forward with the talks, Ali Hamdan, a close advisor to Mr Berri –also the leader of the Amal party, a Hezbollah ally – told The National.
The office of the UN special coordinator for Lebanon said that “the United Nations is ready to provide support towards the resolution of the maritime issue, and to lend assistance in this regard, provided this is agreed by all parties and provided that the United Nations is formally requested to do so.”'
When Mr Pompeo arrived in Beirut, “he had a long and frank discussion with Lebanese leaders, especially with Mr Berri, who is handling this issue with interest. That’s when it was decided to turn the page and get the UN involved via a tripartite committee”, said Mr Jaber.
Mr Hamdan said that “there is no doubt that the visit and meeting with secretary Pompeo made a difference and helped the negotiations push forward”.
After Mr Pompeo’s visit, Mr Satterfield’s shuttling between Jerusalem and Beirut intensified, leading up to the Israeli Energy Minister’s statement.
Contacted by The National, a State Department official refused to discuss the substance of diplomatic discussions that occurred between Mr Pompeo or Mr Satterfield with Lebanese officials.
For the Lebanese, a US mediation is the best choice because of its proximity to both Israel and to Lebanon.
Choosing his words carefully, Mr Hamdan said that the US has “always kept in mind the stability and sovereignty of Lebanon”.
As proof of this, he mentioned the US support of the Lebanese army, which has totalled more than $2.29 billion since 2005. Over 80 per cent of the Lebanese armed forces' equipment comes from the US.
Lebanon is only the third country to operate the Bradley Fighting Vehicle troop transport – the others being the US themselves and Saudi Arabia.
“We also recognise the strong ties between the US and the Israelis”, added Mr Hamdan.
Lebanon has high hopes that income generated from offshore drilling will help its struggling economy.
“I hope the talks doesn’t take too much time. Both sides are interested in settling this issue so that they can go about their business in a stable environment”, said Mr Jaber.
However, the time frame is still a bit of a sticking point, recognised Mr Hamdan.
“We believe we need three months of serious work, but we refuse to have to abide by a deadline”, he said. “It doesn’t mean we want endless negotiations. We are here to solve something important. It’s not the time it takes that is a priority, but the result”.
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Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
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
FIGHT CARD
Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)
Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)
Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)
Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)
Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)
Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)
Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)
Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)
Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)
Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)
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
Coal Black Mornings
Brett Anderson
Little Brown Book Group
Monster Hunter: World
Capcom
PlayStation 4, Xbox One
The specs: 2018 Volkswagen Teramont
Price, base / as tested Dh137,000 / Dh189,950
Engine 3.6-litre V6
Gearbox Eight-speed automatic
Power 280hp @ 6,200rpm
Torque 360Nm @ 2,750rpm
Fuel economy, combined 11.7L / 100km
SERIE A FIXTURES
Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)
Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)
Monday Fiorentina v Genoa (11.45pm)
The five pillars of Islam
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
COMPANY%20PROFILE
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Score
New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs
New Zealand win by 47 runs
New Zealand lead three-match ODI series 1-0
Next match: Zayed Cricket Stadium, Abu Dhabi, Friday
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
UAE currency: the story behind the money in your pockets
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Recipe
Garlicky shrimp in olive oil
Gambas Al Ajillo
Preparation time: 5 to 10 minutes
Cooking time: 5 minutes
Serves 4
Ingredients
180ml extra virgin olive oil; 4 to 5 large cloves of garlic, minced or pureed (or 3 to 4 garlic scapes, roughly chopped); 1 or 2 small hot red chillies, dried (or ¼ teaspoon dried red chilli flakes); 400g raw prawns, deveined, heads removed and tails left intact; a generous splash of sweet chilli vinegar; sea salt flakes for seasoning; a small handful of fresh flat-leaf parsley, roughly chopped
Method
▶ Heat the oil in a terracotta dish or frying pan. Once the oil is sizzling hot, add the garlic and chilli, stirring continuously for about 10 seconds until golden and aromatic.
▶ Add a splash of sweet chilli vinegar and as it vigorously simmers, releasing perfumed aromas, add the prawns and cook, stirring a few times.
▶ Once the prawns turn pink, after 1 or 2 minutes of cooking, remove from the heat and season with sea salt flakes.
▶ Once the prawns are cool enough to eat, scatter with parsley and serve with small forks or toothpicks as the perfect sharing starter. Finish off with crusty bread to soak up all that flavour-infused olive oil.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
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Palestine and Israel - live updates
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
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UAE currency: the story behind the money in your pockets
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What is an FTO Designation?
FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes.
It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.
Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.
Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.
Source: US Department of State
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
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.”