Lebanese military officials deny fatal battle reveals Hizbollah ties



GAZA CITY // The bloody firefight that claimed four lives along the Israeli-Lebanese border last week does not represent closer coordination between the Lebanese army and the Shiite militant group Hizbollah, despite Israeli accusations to the contrary, according to top officials in the Lebanese military and Hizbollah.

Immediately after the fighting, in which three Lebanese and one Israeli were killed, Israeli officials suggested there was cooperation between Hizbollah militants, who have controlled south Lebanon for more than a decade, and the Lebanese army, which only began regular patrols of the area in the wake of the 2006 war. "We know that any piece of information that goes to the Lebanese army immediately goes to Hizbollah's hands," said Michael Oren, Israel's ambassador to the US, in an interview last week. He added that in the eyes of Israel's military, the distinction between the two has become "cloudy".

But top-ranking officials in the Lebanese military and security establishment denied that the Lebanese military has operational ties with Hizbollah and described last Tuesday's incident as a legitimate attempt by the armed forces of a sovereign nation to defend the country's borders, even if the exact location of the border remains in dispute in some areas. "The decision to open fire on the IDF [Israel Defense Forces] was taken by an experienced platoon commander who was not only acting within his authority as the senior officer on the scene, but he was following long-standing orders to defend Lebanese territory," said a senior official in Lebanese military intelligence with extensive experience working alongside both Hizbollah and the United Nations Interim Force in Lebanon (Unifil).

"The officer had no reason to even call his superiors, let alone inform Hizbollah," the official said, indicating that the Lebanese army has grown tired of repeated Israeli violations of Lebanese territory and the perception internationally that it is subservient to Hizbollah and requires protection from Israel, from the militants and Unifil. Israeli forces and aeroplanes regularly enter Lebanese territory under the guise of intelligence collection.

"It was going to happen eventually because of these violations," the officer said, adding: "Why last Tuesday? Maybe it was really hot and people are just tired of being ignored. But it was his - and our - right to defend Lebanon." Another source close to the Lebanese military leadership said the incident sent a double message, not just to Israel's military but also to Hizbollah, that the Lebanese army is the nation's military force and will protect its borders. Otherwise, he said, "they're just traffic cops".

With the US military having supplied nearly a billion dollars in military aid since 2005 to upgrade the capabilities of the Lebanese army, Israeli accusations that Hizbollah and the Lebanese army coordinated their operations against Israeli forces are seen as a potential problem by staunch American supporters of Israel's security, even if the Lebanese army is gaining some credibility as a legitimate authority in southern Lebanon.

"Israel largely supports the idea of a strong Lebanese armed forces that can render Hizbollah irrelevant," said Andrew MacDonald Exum, of the Center for a New American Security, a Washington-based think tank. "But if Israel decides that the Lebanese armed forces have become a belligerent actor, its allies in the US Congress will, not without some justification, start asking why the United States is arming an adversary of our closest ally in the region."

According to the Lebanese military intelligence official, the idea that the Lebanese army would not coordinate some of its activities with Hizbollah is ridiculous considering the number of armed groups engaged in operations in the south. "Of course Hizbollah often come directly from these villages, so there is obviously an informal line of communication both with them, the army and Unifil," the official said.

"But Israeli claims that Hizbollah instigated this fight through sympathetic officers are ridiculous. The officer who gave the command to fire is a Sunni officer from Akkar," he added, alluding to a stronghold of anti-Hizbollah sentiment in northern Lebanon. What US policymakers and top Israeli military officials need to recognise, said another expert in Lebanese military affairs, is that even if Hizbollah and the Lebanese army swing between unofficial communication and even open rivalry as the protectors of Lebanon, they both often see Israel as a threat to the safety of the country.

"It's definitely true that within the army there is an ideology that Israel is the enemy, and it's Israel that has to be prevented from attacking. So maybe in that way there is a kind of ideological complicity" between Hizbollah and Lebanon's military, said Sahar Atrache, of the International Crisis Group. mprothero@thenational.ae * With additional reporting by Joshua Hersh in Beirut

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.”

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

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Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
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Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
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Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

Women’s T20 World Cup Qualifier

From September 18-25, Abu Dhabi . The two finalists advance to the main event in South Africa in February 2023

Group A: United States, Ireland, Scotland, Bangladesh
Group B: UAE, Thailand, Zimbabwe, Papua New Guinea

UAE group fixtures:
Sept 18, 3pm, Zayed Cricket Stadium – UAE v Thailand
Sept 19, 3pm, Tolerance Oval - PNG v UAE
Sept 21, 7pm, Tolerance Oval – UAE v Zimbabwe

UAE squad: Chaya Mughal (captain), Esha Oza, Kavisha Kumari, Rinitha Rajith, Rithika Rajith, Khushi Sharma, Theertha Satish, Lavanya Keny, Priyanjali Jain, Suraksha Kotte, Natasha Cherriath, Indhuja Nandakumar, Vaishnave Mahesh, Siya Gokhale, Samaira Dharnidharka

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Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid