BEIRUT // Prosecutors at a UN-backed tribunal have started presenting evidence that may point to Syrian complicity in the assassination of Lebanon’s top Sunni statesman.
The trial chamber of the Special Tribunal for Lebanon (STL) decided this month to hear the testimony of more than a dozen political witnesses.
They include politicians, journalists and advisers close to Rafik Hariri who will speak about how relations broke down between the former premier and Syrian president Bashar Al Assad in the months before the assassination.
“Let us not be coy about it: the prosecutor now is putting his case on the basis of Syria being behind the assassination of Rafik Hariri,” defence lawyer Iain Edwards told the court before the judges agreed to include the evidence. “Is Bashar Assad going to be formally named as a co-conspirator in the killing of Rafik Hariri? Rustom Ghazaleh? Are they going to be added to the indictment?” he asked, referring to Syria’s intelligence chief in Lebanon at the time of Hariri’s killing. “We are entitled to know.”
The tribunal is trying in absentia five members of Hizbollah accused of complicity in the 2005 bombing that killed Lebanon’s charismatic billionaire former prime minister.
The fresh focus on Syria comes after the investigation has for years stayed away from the involvement of Damascus in the attack that killed Hariri and 21 others.
Fingers initially pointed to the Assad regime as being the culprit behind the massive explosion that targeted Hariri’s motorcade. While the initial investigation stopped short of directly accusing Syria, it said the regime’s intelligence service had thoroughly infiltrated Lebanon and the plot was so intricate and complex that it could not have been conducted without the knowledge of Syrian and Lebanese officials.
In the intervening years, however, Syria’s role took a backstage as leaks about the investigation started highlighting Hizbollah’s alleged involvement. The indictment, made public in the summer of 2011, accused four Hizbollah operatives of complicity in the attack, and a fifth party supporter was added to the indictment last year.
The suspects included Mustafa Badreddine, a top military commander related to Imad Mughniyeh, Hizbollah’s military chief who was assassinated in Damascus in 2008.
Prosecutors relied on a massive tranche of telecommunications data to indict the suspects. The data allegedly shows how they tracked Hariri until his death, the purchase of a Mitsubishi van that contained the bomb, and the preparation of a false claim of responsibility for the attack.
But prosecutors never gave a motive for why five members of Hizbollah would want to kill Hariri. His Future Movement and Hizbollah were planning to run in joint parliamentary lists in some districts during elections slated for mid-2005. Hariri also enjoyed close relations with Hizbollah chief Hassan Nasrallah at the time.
But prosecutors are now saying that the political motive for the crime will be revealed in the testimony of the political witnesses, who will describe the breakdown in relations between Hariri and Mr Al Assad and the subsequent creation of an opposition movement aimed at rolling back Syria’s influence in Lebanon.
Marwan Hamade, a Lebanese MP and former minister close to Hariri, was the first political witness to testify in court last week. His testimony centred around two crucial meetings between Hariri and Mr Al Assad during which the Syrian leader ordered Lebanon’s premier to back the reelection of Emile Lahoud, a pro-Syria general to the Lebanese presidency.
Mr Hamade told judges that Mr Al Assad had threatened to “break” Lebanon over Hariri’s head, and that Druze leader Walid Jumblatt had advised the prime minister to resign and leave Lebanon for his personal safety.
Mr Jumblatt himself may testify before the court, and has indicated his willingness to do so. Hariri’s successor, former prime minister Fouad Siniora, will also testify.
Testimony by the witnesses is expected to continue next week.
But it remains unclear how prosecutors plan to link the estrangement of Mr Al Assad and Hariri to the actions of the men suspected of carrying out the bombing. Their whereabouts is unknown and Hizbollah has vowed not to hand them over.
Prosecutors argued that the conspiracy took place in tandem with political developments. The plot allegedly began a month after an August 2004 meeting between Mr Al Assad and Hariri, and after the passage of UN Security Council Resolution 1559 ordering the departure of all foreign forces from Lebanon and the disarmament of all militias. This was seen as a threat to Syria’s military presence in the country and the weapons of its ally, Hizbollah.
They also said the plot rapidly gained pace after a meeting between Hariri and Syria’s chief of military intelligence in Lebanon, Rustom Ghazaleh, in January 2005.
Defence lawyers revealed in a hearing this month that prosecutors were seeking to include a telephone number belonging to Mr Al Assad in court documents, and they were also seeking to link a telephone network used by the alleged commanders of the assassination plot to Hizbollah.
Prosecutors have not indicted any Syrian officials so far, nor have they explicitly said they plan to do so. Still, defence lawyers have called on prosecutors to lay out their theory of Syrian complicity in an amended indictment, and to explicitly say if they plan on formally accusing Syrian officials in the case.
“This ghost of the Syrians is coming out of the cupboard,” said Philippe Larochelle, a lawyer for one of the suspects in the case, at a hearing earlier this month.
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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.”
Day 3 stumps
New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)
Pakistan require another 139 runs with 10 wickets remaining
Mane points for safe home colouring
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Document everything immediately; including dates, times, locations and witnesses
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Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Series information
Pakistan v Dubai
First Test, Dubai International Stadium
Sun Oct 6 to Thu Oct 11
Second Test, Zayed Stadium, Abu Dhabi
Tue Oct 16 to Sat Oct 20
Play starts at 10am each day
Teams
Pakistan
1 Mohammed Hafeez, 2 Imam-ul-Haq, 3 Azhar Ali, 4 Asad Shafiq, 5 Haris Sohail, 6 Babar Azam, 7 Sarfraz Ahmed, 8 Bilal Asif, 9 Yasir Shah, 10, Mohammed Abbas, 11 Wahab Riaz or Mir Hamza
Australia
1 Usman Khawaja, 2 Aaron Finch, 3 Shaun Marsh, 4 Mitchell Marsh, 5 Travis Head, 6 Marnus Labuschagne, 7 Tim Paine, 8 Mitchell Starc, 9 Peter Siddle, 10 Nathan Lyon, 11 Jon Holland
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Result
6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m; Winner: Brraq, Ryan Curatolo (jockey), Jean-Claude Pecout (trainer)
7.05pm: Handicap (TB) $65,000 (Turf) 1,800m; Winner: Bright Melody, James Doyle, Charlie Appleby
7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m; Winner: Naval Crown, Mickael Barzalona, Charlie Appleby
8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m; Winner: Volcanic Sky, Frankie Dettori, Saeed bin Suroor
8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m; Winner: Star Safari, William Buick, Charlie Appleby
9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m; Winner: Zainhom, Dane O’Neill, Musabah Al Muhairi
The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
MATCH INFO
Tottenham 4 (Alli 51', Kane 50', 77'. Aurier 73')
Olympiakos 2 (El-Arabi 06', Semedo')