Lebanon formed a new government on Tuesday night under Prime Minister Hassan Diab, 34 days after he was nominated on December 19.
The former university professor is tasked with addressing Lebanon's worst economic crisis since the end of the civil war in 1990 amid nationwide violent protests.
While the line up includes many relative unknowns, the key posts of finance minister and foreign minister went to Ghazi Wazni and Nassif Hitti.
Mr Diab initially wanted a government of 18 ministers but agreed to include 2 more at the last minute to satisfy different political parties, which have greenlighted the ministers' nomination after intense behind-the-door negotiations. This is considered to be a small Cabinet in Lebanon where there are usually closer to 30 ministers to satisfy each religious community.
While many of those represented have some relevant expertise in their field, they are not the independent government that Mr Diab promised the protesters on the street. Demonstrators demanded a technocratic government after Saad Hariri resigned as prime minister, collapsing the government on October 29.
Many had already taken to the street on Tuesday night before the names were announced to reject the new government, already calling it a “one colour” Cabinet. This means they see it as an administration backed by President Michel Aoun and his allies, including Iran-backed Hezbollah.
The administration includes five women and the Middle East’s first woman defence minister.
The share of ministers nominated by party appears to breakdown as the following:
Prime minister’s share: 4.
Free Patriotic Movement: 6.
Amal Movement: 2.
Marada Movement: 2.
Hezbollah: 2.
Lebanese Democratic Party: 2.
The pro-Hezbollah Sunni Consultative Gathering: 1.
Tashnag: 1.
Ministers:
Prime Minister:
Hassan Diab (Sunni), elected by parliamentary blocs during presidential consultations.
The 60-year-old engineering professor at the American University of Beirut is a relatively little-known figure in Lebanon. Mr Diab was education minister between 2011 and 2014.
Because he was backed by Mr Aoun's Christian Free Patriotic Movement and two Shiite parties – Hezbollah and its ally Amal – he does not have strong backing from Lebanon's Sunni Muslim community, unlike his predecessor Saad Hariri.
After he was appointed, many protesters rejected him and quickly criticised his laudatory 136-page CV and the 1,315-page book he wrote dedicated to his achievements at the education ministry.
Deputy Prime Minister and Defence Minister:
Zeina Akar (Greek-Orthodox Christian), proposed by FPM
Mrs Akar is executive director of Information International, a Beirut-based research and consultancy firm that was founded by her husband Jawad Adra. On its website, it says that she leads the firm in survey research, database collection and project analysis for the Arab world and the Near East in the areas of health, education, agriculture, and infrastructure facilities.
She holds a degree in social sciences from the Lebanese America University.
Foreign Minister:
Nassif Hitti (Maronite Christian), proposed by FPM
Born in Tripoli, Mr Hitti is a former Lebanese ambassador the Arab League. He obtained a doctorate in International Relations at the University of South California. He is a regular contributor to Lebanese newspaper Annahar and Egyptian daily Shorouk.
Mr Hitti is also director of the higher institute of political and administrative sciences at the school of law and political sciences at the Holy Spirit University of Kaslik north of Beirut.
Interior Minister:
Mohammad Fahmy (Sunni), proposed by Hassan Diab
Born in Beirut in 1958, retired Brig Gen Mohamed Fahmy enrolled in the army in 1978, three years after the beginning of Lebanon's 15-year civil war. He left in 2016 and became security and safety advisor to the board of directors of Blom Bank, a job he still holds.
Brig Gen Fahmy obtained a diploma in management from James Madison University, Virginia, USA.
Telecoms Minister:
Talal Hawat (Sunni), proposed by Consultative Gathering
Born in 1969 in Tripoli, Mr Hawat studied electrical engineering and electronics at the University of San Jose, California. He worked 19 years with American multinational technology company Cisco, including 8 years in the US and 11 years in Lebanon. In 2018, he became regional vice president for the Middle East, Africa and Turkey with Canadian company Sandvine, a networking equipment company.
Education Minister:
Tarek Majzoub (Sunni), proposed by Hassan Diab
Mr Majzoub is a judge at State Shura Council, according to Lebanese media. He teaches law at Sagesse University in Beirut.
Environment Minister and Administrative Development:
Damianos Kattar (Maronite Christian), proposed by Hassan Diab
Born in Jezzine in 1960, Mr Kattar is an economist and served as Lebanon’s Finance Minister for four months in 2005.
Energy Minister:
Raymond Ghajar (Greek-Orthodox Christian), proposed by FPM
Mr Ghajar obtained a PhD in electrical engineering from the University of Saskatchewan in Canada. He worked as an engineer with several utility providers in Canada and the US. Mr Ghajar became senior energy policy advisor at the Energy Ministry in Lebanon in 2007 and helped prepare the electricity sector policy paper in 2010 that failed to deliver 24/7 power to the country. Dr Ghajar has been a professor of electrical engineering at the Lebanese American University since 1995.
Justice Minister:
Mary-Claude Najem (Maronite Christian), proposed by FPM
Mrs Najem is a law professor at the University Saint Joseph in Beirut, where she heads the centre of legal studies and research for the Arab world.
Economy Minister:
Raul Nehme (Greek Catholic Christian), proposed by FPM
Mr Nehme was appointed executive general manager at Lebanon’s BankMed in 2018. According to the lender, he occupied several other positions in the banking sector, including general manager at BLC Bank. Mr Nehme studied engineering at France’s Ecole Polytechnique and the Ecole des Mines in Paris.
Minister of Affairs for the Displaced:
Ghada Shreim (Greek Catholic Christian), proposed by FPM
According to Lebanese daily L’Orient-Le Jour, Ghada Shreim is a professor at the Lebanese University and used to work at a local magazine, Fairuz.
Labour Minister:
Lamia Yammine Doueihy (Maronite Christian), proposed by Marada Movement
Born in 1974 in Zgharta, Mrs Doueihy is an architect and university professor at the Lebanese University in Tripoli, where she previously studied architectural engineering. She is a member of the board of directors of a wood design company, Douaihy pour le bois.
Public Works Minister:
Michel Najar (Greek Orthodox Christian), proposed by Marada Movement
Born in 1958, Mr Najar obtained a doctorate in civil engineering from Oklahoma State University in the US. After working for several years in research, development, education and consulting in the West and the Gulf, he returned to Lebanon to work at Balamand University as a lecturer in 1991. Mr Najar is vice president for academic and administrative affairs at the American University of Technology in Lebanon.
Youth and Sports Minister:
Varti Ohanian (Armenian Christian), proposed by Tashnag
According to Lebanese daily L’Orient Le Jour, Mrs Ohanian heads an education centre in Beirut for children with special needs.
Social Affairs and Tourism Minister:
Ramzi Msharrafieh (Druze), proposed by LDP
According to his online CV, Mr Msharrafieh is a medical doctor specialised in orthopaedics, hand and reconstructive surgery at Clemenceau Medical Centre in Beirut. He is also a professor of orthopaedic surgery at St Georges University Medical Centre since 2005.
Information Minister:
Manal Abdel Samad (Druze), proposed by LDP
Born in Lebanon’s Chouf region, Mrs Samad obtained a doctorate in law from University Paris Pantheon Sorbonne in Paris. She joined the Finance Ministry in 1997 where she is head of the Tax and Auditing Authority. In 2000, she was a member of the first working group to create and implement VAT in Lebanon. She became a lecturer at AUB and Saint Joseph University in 2009 in administrative leadership, public finances and fiscal studies. She is currently pursuing her studies at the Harvard Kennedy School of Public Policy.
Finance Minister:
Ghazi Wazni (Shiite), proposed by Amal Movement
Mr Wazni served previously as a financial adviser to parliament’s finance and budget committee and heads his own research firm.
Agriculture and Culture Minister:
Abbas Mortada (Shiite), proposed by Amal Movement
Born in a Bekaa Valley village in 1981, Mr Mortada holds a master’s degree in history from the Lebanese University of Beirut and is currently working on a PhD. He was general manager of a Lebanese hotel between 2015 and 2019 as well as general manager of a real estate company.
Health Minister:
Hamad Hasan (Shiite), proposed by Hezbollah
Born in Baalbek in 1969, Mr Hasan obtained a PhD in Molecular Biological Sciences from the Institute of Biological and Environmental Research in Moscow in 1999. He is a professor at the College of Public Health at the Lebanese University and has headed the department of laboratory sciences since 2014. Mr Hasan was mayor of Baalbek from 2013 to 2016 before being appointed president of the Baalbek Municipalities Federation in 2019.
Industry Minister:
Imad Hoballah (Shiite), proposed by Hezbollah
Mr Hoballah became provost of the American University of Dubai in 2017. According to AUD, he taught previously at Syracuse University and Tulsa University in the US as well as at the American University of Beirut in Lebanon. Mr Hoballah was chairman and CEO of the Telecommunications Regulatory Authority in Lebanon for 5 years. He obtained a PhD in electrical engineering from the University of Syracuse.
WITHIN%20SAND
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
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.”
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Asia Cup Qualifier
Venue: Kuala Lumpur
Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September
Fixtures:
Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6: Final
Asia Cup
Venue: Dubai and Abu Dhabi
Schedule: Sep 15-28
Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier
How to volunteer
The UAE volunteers campaign can be reached at www.volunteers.ae , or by calling 800-VOLAE (80086523), or emailing info@volunteers.ae.
Not Dark Yet
Shelby Lynne and Allison Moorer
Four stars
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
RACE CARD
6.30pm Maiden Dh165,000 (Dirt) 1,200
7.05pm Handicap Dh165,000 (D) 1,600m
7.40pm Maiden Dh165,000 (D) 1,600m
8.15pm Handicap Dh190,000 (D) 1,600m
8.50pm Handicap Dh175,000 (D) 1,400m
9.25pm Handicap Dh175,000 (D) 2,000m
The National selections:
6.30pm Underwriter
7.05pm Rayig
7.40pm Torno Subito
8.15pm Talento Puma
8.50pm Etisalat
9.25pm Gundogdu
RESULTS
5pm: Handicap (PA) Dh80,000 (Turf) 2,200m
Winner: Jawal Al Reef, Fernando Jara (jockey), Ahmed Al Mehairbi (trainer)
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m
Winner: AF Seven Skies, Bernardo Pinheiro, Qais Aboud
6pm: Maiden (PA) Dh80,000 (T) 1,200m
Winner: Almahroosa, Fabrice Veron, Eric Lemartinel
6.30pm: Maiden (PA) Dh80,000 (T) 1,200m
Winner: AF Sumoud, Tadhg O’Shea, Ernst Oertel
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m
Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel
7.30pm: Handicap (TB) Dh90,000 (T) 1,400m
Winner: Adventurous, Sandro Paiva, Ali Rashid Al Raihe
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
New schools in Dubai
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
The specs: 2018 BMW R nineT Scrambler
Price, base / as tested Dh57,000
Engine 1,170cc air/oil-cooled flat twin four-stroke engine
Transmission Six-speed gearbox
Power 110hp) @ 7,750rpm
Torque 116Nm @ 6,000rpm
Fuel economy, combined 5.3L / 100km
UAE currency: the story behind the money in your pockets
The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
UAE currency: the story behind the money in your pockets
Results
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5