A Lebanese anti-government protester, draped in a national flag, sits on the rooftop of 'The Egg' buidling overlooking the Mohammed Al Amin mosque and Martyrs square in Beirut. AFP
A Lebanese anti-government protester, draped in a national flag, sits on the rooftop of 'The Egg' buidling overlooking the Mohammed Al Amin mosque and Martyrs square in Beirut. AFP
A Lebanese anti-government protester, draped in a national flag, sits on the rooftop of 'The Egg' buidling overlooking the Mohammed Al Amin mosque and Martyrs square in Beirut. AFP
A Lebanese anti-government protester, draped in a national flag, sits on the rooftop of 'The Egg' buidling overlooking the Mohammed Al Amin mosque and Martyrs square in Beirut. AFP

Former Lebanon finance minister Mohammad Safadi proposed as new prime minister


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Lebanese caretaker Foreign Minister Gebran Bassil on Friday confirmed reports that property tycoon and former finance Mohammad Safadi was being considered to take the post of prime minister in a new government of technocrats demanded by protesters.

The move, first reported on Thursday night, prompted protests in the billionaire's home city of Tripoli and was dismissed as unlikely by a member of caretaker Prime Minister Saad Hariri's party.

Mr Bassil told the broadcaster MTV that Mr Safadi had agreed to accept the post if he won the support of major parties, and that the process to formally appoint him should begin on Monday.

"If matters move normally, the consultations should begin on Monday with Safadi named at the end of them, otherwise we will continue to go in circles waiting to agree on a name," MTV quoted Mr Bassil as saying.

Mohammad Safadi pictured on October 20, 2010. Reuters / File photo
Mohammad Safadi pictured on October 20, 2010. Reuters / File photo

The nomination of Mr Safadi, 75, was agreed at a meeting between Mr Hariri, Lebanon's leading Sunni politician, and senior representatives of the Shiite groups Amal and Hezbollah, according to sources quoted in Lebanese media.

However, Moustapha Allouche, a political bureau member in Mr Hariri's Future Movement party, said there were several factors that made Mr Safadi's nomination unlikely, including his age and the challenges he would face amid the country's acute economic crisis.

"He's outside the country now and he's old and his health is not good enough," Mr Allouche told The National. "At the same time, he's not ready for this type of government where he has to fight with everyone around."

Mr Allouche suggested Mr Safadi's was name "was just thrown among people as a test".

The reaction was immediate in the northern city Tripoli, a Sunni stronghold that Mr Safadi has represented in parliament. Demonstrators gathered in front of one of his properties to protest against his nomination, which they said was the opposite of the changes demanded in a month of protests across the country.

As a business tycoon and former minister, Mr Safadi is an embodiment of the kind of political class the protest movement wants to remove, Samer Anous, a university professor, told AFP.

"He's an integral part of this leadership's fabric. Safadi does not meet the aspirations of the popular uprising in Lebanon," he said.

Another protester, 60-year-old Jamal Badawi, said: "Choosing Mohammed Safadi for prime minister proves that the politicians who rule us are in a deep coma, as if they were on another planet."

A protest was planned on Friday afternoon at Zaytuna Bay, a luxury marina in central Beirut which is run by a company Mr Safadi chairs.

Mr Safadi has courted controversy in the past and was once investigated as part of the UK's Serious Fraud Office's controversial arms deal inquiry.

His property firms have previously received contracts from the British arms company BAE.

Mr Hariri quit as premier on October 29 in response to protesters' demands for sweeping change in Lebanon's political system and an end to corruption and sectarian cronyism but politicians had been unable to agree on a new cabinet.

Lebanon’s caretaker Defence Minister, Elias Bou Saab, said on Thursday that the country was in a “very dangerous situation” and compared recent street unrest to the start of the 1975-1990 civil war.

Rallies have been overwhelmingly peaceful but a protester was shot dead in an altercation with soldiers on Tuesday.

A funeral was held for the protester, a follower of Druze politician Walid Jumblatt, while the soldier who shot him has been detained.

Mr Bou Saab said tension on the street and road closures “have reminded us of the civil war, what happened in 1975. And this situation is very dangerous".

An ally of President Michel Aoun, he said demonstrators had the right to protest and to be protected, but the army and security services could not tolerate violence.

Mr Aoun had said he hoped a government could be soon formed to meet the demands of the protesters.

UAE SQUAD

Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Shaiman Anwar, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Ahmed Raza, Sultan Ahmed, Imran Haider, Qadeer Ahmed, Chirag Suri , Zahoor Khan

Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

The Book of Collateral Damage

Sinan Antoon

(Yale University Press)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A

The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books

New Zealand 57-0 South Africa

Tries: Rieko Ioane, Nehe Milner-Skudder (2), Scott Barrett, Brodie Retallick, Ofa Tu'ungfasi, Lima Sopoaga, Codie Taylor. Conversions: Beauden Barrett (7). Penalty: Beauden Barrett

ENGLAND SQUAD

Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope 
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold 
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph 
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck

MATCH INFO

Euro 2020 qualifier

Norway v Spain, Saturday, 10.45pm, UAE

WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

(Sunday, 12pm, UAE)

 

ENGLAND SQUAD

Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope 
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold 
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph 
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck

Liverpool 4-1 Shrewsbury

Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')

Shrewsbury
Udoh (27'minutes)

Man of the Match: Kaide Gordon (Liverpool)

SERIE A FIXTURES

Friday (UAE kick-off times)

Sassuolo v Bologna (11.45pm)

Saturday

Brescia v Torino (6pm)

Inter Milan v Verona (9pm)

Napoli v Genoa (11.45pm)

Sunday

Cagliari v Verona (3.30pm)

Udinese v SPAL (6pm)

Sampdoria v Atalanta (6pm)

Lazio v Lecce (6pm)

Parma v Roma (9pm)

Juventus v Milan (11.45pm)

 

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.