The scene of a massive explosion in which Rafiq Hariri, the former Lebanese premier, was killed in central Beirut in 2005.
The scene of a massive explosion in which Rafiq Hariri, the former Lebanese premier, was killed in central Beirut in 2005.
The scene of a massive explosion in which Rafiq Hariri, the former Lebanese premier, was killed in central Beirut in 2005.
The scene of a massive explosion in which Rafiq Hariri, the former Lebanese premier, was killed in central Beirut in 2005.

The day they killed Hariri, they broke a family's heart


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Seven years after a Beirut suicide bombing killed the former Lebanese prime minister and 21 others, the aftershocks ripple through the country's politics and taint the lives of those left behind. Zoi Constantine, Foreign Correspondent, reports

BEIRUT // Talal Nabih Nasser was not meant to be on duty the day he died.

The night before the bombing that ended his life, he called a colleague to swap shifts so he could take his family away for a long weekend.

The next day he was one of 22 people killed when a van packed with 2,500 kilograms of TNT exploded next to the motorcade in which he was travelling with his boss, the former Lebanese prime minister Rafiq Hariri.

Seven years after the suicide bomb ripped through Beirut city centre, the impact of the assassination continues to reverberate through Lebanese politics and the lives of the bereaved.

For Nasser's mother, Siham, the pain of losing her son, who was 44, has not faded. On Monday she visited his grave at the mausoleum just off Martyrs' Square in the centre of the Lebanese capital. Nasser, who was one of Hariri's chief bodyguards, is buried a few metres away from the body of the former premier.

"The day he died was the worst day of my life," says Mrs Nasser, tears trickling down her face. "I feel so much sorrow. I didn't used to know sorrow or sadness in this house before that day."

In her apartment in the Tareeq al Jadeeda neighborhood of Beirut, Mrs Nasser, 71, browses the photographs of Hariri and his bodyguard that adorn the walls and sit in display cabinets. Among them is a sequence of images taken minutes before the bombing. They show Nasser in his trademark sunglasses, looking alert.

"I am so sad that my son died with Hariri," says Mrs Nasser, who has seven other children. "But if he had stayed alive and Hariri had been killed, he would not have recovered."

Nasser's younger brother, Bilal, who shares the apartment with his mother and sister, remembers the moment he heard about the bomb explosion.

A financial officer for education-related projects, Mr Nasser was in his office in Beirut when several colleagues burst in, saying there had been a bombing.

"'Please, Bilal', they said, 'call your brother to make sure he's OK'," Mr Nasser recalls, "I didn't expect that this could happen to Hariri, I thought the explosion was for the US embassy or something. So I told them I was busy."

A friend returned with news that Hariri's head of security, Yahya Al Arab, also known as Abu Tareq, was among the dead.

Suddenly, says Mr Nasser, "everything went black", but the one thing he clung to was that his brother was not meant to be on duty.

"The first thing I did was I looked to the sun," he says. "Talal told me the day before that he didn't have work that day and he was going to swim at the beach. I saw that it was sunny, so I felt a bit calm."

The family tried to reach Nasser but the phone lines were down. Finally, Mr Nasser decided to make his way to the hospital in Hamra where the injured were being treated. It was there that one of his brother's friends told him he had been killed in the blast.

"I didn't believe it, I can't explain, I thought it was the end of everything," he says. "But, it was his time to go."

Nasser, who had two young daughters, worked for Hariri for two decades. His work was a source of pride for his family, and they never really worried for his safety.

But in the last six months of his life Mr Nasser says his brother appeared increasingly anxious, as political tension with Syria was mounting.

"He didn't seem comfortable. He used to just say 'Allah yostor' - God knows what's going to happen," he says.

Mr Nasser is unequivocal about who he believes was behind the bombing. "We blame Syria for this. We blame Bashar Al Assad," he says. "From the first week, I swear, this is what I believed. Hariri had an agenda that was so different to Bashar Al Assad."

The assassination triggered what the opposition March 14 coalition refers to as the Cedar Revolution - mass demonstrations that precipitated the withdrawal of Syrian troops from Lebanon after a 29-year military presence.

Suspicion was initially cast on the Syrian regime, but four Hizbollah supporters from Lebabon were indicted last year by the United Nations-backed court investigating the killing.

The Lebanese prime minister, Najib Mikati, said this week that he expected the Special Tribunal for Lebanon (STL) to issue a new indictment this month.

The March 14 bloc held a gathering in Beirut yesterday to mark the anniversary of the assassination. Hariri's son Saad addressed the crowds in a televised speech from Paris, in which he and other opposition leaders expressed support for the Syrian uprising and for the STL.

"The course of justice in the case of the assassination has reached a point of no return. This course will definitely lead to uncover the perpetrators and the accused, and establish the rules that protect Lebanon from political assassinations," Mr Hariri said.

For Mr Nasser, the STL may be the only way to find out who was behind the bombing that killed his brother.

"The most important thing for me and my family is to find the truth," he says. "Justice will come, not soon, but in the long run."

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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.”

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WRESTLING HIGHLIGHTS
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Match info

Manchester United 1 (Van de Beek 80') Crystal Palace 3 (Townsend 7', Zaha pen 74' & 85')

Man of the match Wilfried Zaha (Crystal Palace)

THE DEALS

Hamilton $60m x 2 = $120m

Vettel $45m x 2 = $90m

Ricciardo $35m x 2 = $70m

Verstappen $55m x 3 = $165m

Leclerc $20m x 2 = $40m

TOTAL $485m

UAE FIXTURES

October 18 – 7.30pm, UAE v Oman, Zayed Cricket Stadium, Abu Dhabi
October 19 – 7.30pm, UAE v Ireland, Zayed Cricket Stadium, Abu Dhabi
October 21 – 2.10pm, UAE v Hong Kong, Zayed Cricket Stadium, Abu Dhabi
October 22 – 2.10pm, UAE v Jersey, Zayed Cricket Stadium, Abu Dhabi
October 24 – 10am, UAE v Nigeria, Abu Dhabi Cricket Oval 1
October 27 – 7.30pm, UAE v Canada, Zayed Cricket Stadium, Abu Dhabi

October 29 – 2.10pm, Playoff 1 – A2 v B3; 7.30pm, Playoff 2 – A3 v B2, at Dubai International Stadium.
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  • Create a savings and investments union to help companies access capital
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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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Brief scoreline:

Manchester United 2

Rashford 28', Martial 72'

Watford 1

Doucoure 90'