BEIRUT // With minorities facing death and persecution at the hands of the Islamic State in Iraq and Syria, Lebanon’s Christians must lay aside their rivalries and agree on who should fill the vacant presidency, a leading Druze politician said.
Walid Jumblatt, the most influential figure in Lebanon’s Druze community, says he is as alarmed as anyone by the rise of the radical Islamist group guided by a puritanical vision of Islam that is a major threat to religious minorities including his own. Christians and Yazidis have fled its advance in Iraq.
Mr Jumblatt said Christian leaders in Lebanon, itself the target of a deadly incursion by Islamic State fighters from Syria this month, needed to recognise the danger of what is going on the region and agree on a new head of state.
Lebanon’s presidency, the only one reserved for a Christian in the Arab world, has been vacant since May, when Michel Suleiman’s term ended. Parliament has repeatedly failed to elect his successor in the absence of a political agreement.
Many observers believe that such an accord must be brokered by rival regional states that wield critical influence over Lebanon’s competing alliances, particularly Saudi Arabia and Iran.
But Mr Jumblatt said the problem was “local”.
“It’s a Christian mistake. They are not seeing what is (going on) in the surroundings,” he said. “It’s up to them to know that by keeping this division they are making the Christian presence in Lebanon weaker and weaker.
“They are weakening themselves and weakening Lebanon.”
Once the dominant force in Lebanon, the Maronites stand divided between rival alliances that define the country’s crises-ridden politics: the March 8 coalition including the Iranian-backed Hizbollah, and the Saudi-backed March 14 alliance led by Sunni politician Saad Hariri.
With Maronite leaders including civil war foes Michel Aoun and Samir Geagea both eyeing the presidency, it will only likely be filled by a deal on a candidate acceptable to all.
The army chief Gen Jean Kahwaji, whose forces battled Islamic State militants for five days in Arsal this month, is seen as one potential candidate. Both Mr Suleiman and his predecessor, Emile Lahoud, were former army commanders.
Besides the presidency, parliamentary elections have also fallen victim to political deadlock. Elections that were due to take place last year were postponed until later this year.
Mr Jumblatt linked his support for another extension of the existing parliament’s term to the election of a president: “I will just go for a technical prolongation of some months, maybe six months, conditioned on the election of a president.”
The Druze are one of Lebanon’s smaller sects but punch above their weight in politics. Mr Jumblatt has maximised his influence by switching allegiances several times in recent years.
Despite their differences, Lebanese leaders have managed to unite in the face of the threat posed by the Islamic State.
Together with other radical groups, its fighters seized Arsal on August 2, in the most serious spillover to date of Syria’s three-year-long civil war into Lebanon.
Dozens of people, including 19 soldiers, were killed in the ensuing battle. The militants withdrew on August 5, taking with them 19 captured soldiers and 17 policemen.
“The Islamic State is a threat to both the moderate Islam headed by Mr Saad Hariri and of course for Hizbollah,” said Mr Jumblatt. “There is a convergence, an anxiety of a common enemy ... which is good.”
Praising the army, he said: “Beyond our stupid political disputes, we still have institutions that can resist.”
The Arsal crisis brought Mr Hariri back to Lebanon after three years of self-imposed exile. He brought with him US$1 billion (Dh3.67bn) in Saudi aid to help the security forces fight extremism.
A religious minority spread across the region, the Druze, a faith rooted in Islam but influenced by ancient Greek and Indian philosophy, have survived previous waves of persecution throughout history.
The rise of the Islamic State appears to have pushed Mr Jumblatt closer to Hizbollah, whose highly trained guerrillas are fighting the Sunni Islamist-dominated insurgency in Syria alongside president Bashar Al Assad’s forces.
While maintaining his fierce opposition to Mr Al Assad, Mr Jumblatt has eased off in his criticism of Hizbollah’s role in Syria.
Hizbollah’s political foes, including Mr Hariri, still say its role in Syria has provoked Sunni attacks in Lebanon.
Mr Jumblatt said there was no point in blaming Hizbollah for fighting in Syria, saying that the group was implementing Iranian policy.
“Continuing to blame Hizbollah will lead to nowhere. Now we have to somewhere find a kind of coordination - a political effort, a political joint venture.
“It’s up to us now.”
* Reuters
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Company%20Profile
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Padmaavat
Director: Sanjay Leela Bhansali
Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh
3.5/5
The%20Roundup%20%3A%20No%20Way%20Out
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lee%20Sang-yong%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Don%20Lee%2C%20Lee%20Jun-hyuk%2C%20Munetaka%20Aoki%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
'The Ice Road'
Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne
2/5
UAE currency: the story behind the money in your pockets
Specs%20
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Company%20Profile
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
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Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Match statistics
Dubai Sports City Eagles 8 Dubai Exiles 85
Eagles
Try: Bailey
Pen: Carey
Exiles
Tries: Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3
Man of the match: Tomas Sackmann (Exiles)
The years Ramadan fell in May
RESULTS
Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)
Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)
Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)
Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)
Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)
Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)
Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)
Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)
Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)
Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)
Quick%20facts
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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.”
Killing of Qassem Suleimani
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