Gebran Bassil has tweeted that the US sanctions don't scare him. Reuters
Gebran Bassil has tweeted that the US sanctions don't scare him. Reuters
Gebran Bassil has tweeted that the US sanctions don't scare him. Reuters
Gebran Bassil has tweeted that the US sanctions don't scare him. Reuters

Why US sanctions on Lebanon's Gebran Bassil 'won't make a difference'


Sunniva Rose
  • English
  • Arabic

The US sanctioned Lebanon's most powerful Christian leader Gebran Bassil on Friday for corruption and for ties with Iran-backed Hezbollah.

The move may harm Mr Bassil's political party and ambitions but will have little impact on local politics, party supporters and Lebanese analysts told The National.

“To tell you the truth, it won’t make a difference for many reasons,” said Hilal Khashan, a political science professor at the American University of Beirut.

"Lebanese politicians are not sensitive to criticism or sanctions. President Macron came twice to Lebanon and spoke to them in very harsh terms but they do not care."

Mr Macron has tried in the past months to pressure Lebanon's political class to reform in exchange for much-needed financial aid but his efforts have yielded no results yet.

Politicians have done little to respond to the country's severe financial crisis that started mid-2019 and has pushed more than half the population into poverty.

Mr Bassil, who has held various ministerial portfolios in the past decade and leads the largest parliamentary bloc, is “the strongman of Lebanon,” said Mr Khashan. “No deal can be processed without his hand in them,” he said.

Mr Bassil, 50, was sanctioned under the Magnitsky Act which targets political corruption.

In a press release the US department of state wrote that “in 2014, while Minister of Energy, Bassil was involved in approving several projects that would have steered Lebanese government funds to individuals close to him through a group of front companies".

Mr Bassil is barred from entering the United Sates. Any assets he owns in the US will be frozen.

Mr Bassil reacted to the US sanctions on Friday by tweeting that they “do not scare” him. “I will not save myself to destroy Lebanon. I have become accustomed to injustice,” he wrote.

Blow to Bassil's political ambitions

Political analyst Imad Salamey warned that the sanctions could deal a severe blow to Mr Bassil's political party, the Free Patriotic Movement, by singling him out as a "persona non grata". "A lot of people will not want to be associated with Bassil politically," he told The National.

Mr Bassil has been rumoured to hope to succeed his father-in-law President Michel Aoun, 85.

“Any US funds or economic activities with him will be forbidden, so there could be legal implications to anyone dealing with him. This could seriously jeopardise his presidential ambitions,” said Mr Salamey.

Hezbollah is labelled as a terror organisation by the US and is the country’s only party that also wields a powerful regional militia.

In a press released published Friday evening, the party called the sanctions a “blatant interference in the internal affairs of Lebanon”.

But the US move will probably not affect ongoing discussions to form a cabinet by the Prime Minister designate, Sunni Muslim leader Saad Hariri, according to most sources The National spoke to.

A pro-Western figure, Mr Hariri was nominated on October 22 after the previous government resigned in the wake of a devastating explosion on August 4 at Beirut port that killed 204 people.

Mr Hariri has consulted with all political groups, including with Mr Bassil. Ongoing discussions are focusing on the number and distribution of ministries among sectarian groups. The process usually takes months.

Business 'as usual'

“The FPM has been anticipating these sanctions,” said Mr Salamey. “There will be some political irritations, some shadows on the future career of Bassil and his presidential ambitions. But business will continue to run as usual.”

Rumours of sanctions on Mr Bassil have been circulating for months in local and international media and come two months after the US targeted two former Lebanese ministers, including a Christian figure from another political party, over similar claims.

Former Lebanese finance minister Ali Hassan Khalil was sanctioned by the US under counter-terrorism measures. Reuters.
Former Lebanese finance minister Ali Hassan Khalil was sanctioned by the US under counter-terrorism measures. Reuters.

"It's not a surprise at all," said a senior member of the FPM's youth movement, who spoke to The National on condition of anonymity. "It will change nothing. We're going to continue our life just as it is … If he [Mr Bassil] has any assets [in the US], let them freeze them. It won't be the end of the world."

Several high-profile party members declined to speak on the topic when approached by The National.

I do not believe that these sanctions are established on any strong basis. We need to see proof of corruption

Mr Bassil emerged as the most vilified public figure among the hundreds of thousands of anti-government protesters who took to the streets in October 2019.

They blamed all of Lebanon’s political class for widespread corruption and causing the country’s current economic crisis but used particularly colourful language against Mr Bassil.

The widely chanted insults shocked his supporters, who say today that the sanctions heaped on him by the US are yet another example of their leader being unfairly targeted.

"I'm very upset," Christina El Hage, a 27-year old marketing manager, told The National. "I do not believe that these sanctions are established on any strong basis. We need to see proof of corruption."

"If it’s because of affiliation to Hezbollah, the Free Patriotic Movement [Mr Bassil’s party] does not provide neither money nor weapons to Hezbollah,” she said. “It makes me want to defend this guy [Mr Bassil] even more.”

“Who does not speak to Hezbollah in Lebanon?” continued Ms El Hage. “Hezbollah has been part of all of [Saad] Hariri’s government lately. Why isn’t Hariri sanctioned? Why not [Parliament Speaker] Nabih Berri, who has been their ally for the past 30 years?”

Hezbollah unavoidable, argues Bassil

Due to Lebanon’s consensus power-sharing system, all Lebanese political parties represented in the government, which includes Hezbollah since 2005, cooperate with each other.

Speaking to the Wall Street Journal, which first reported on the sanctions on Friday, Mr Bassil made similar comments earlier this year. "Everybody should be sanctioned in Lebanon, because everybody deals with Hezbollah in Lebanon, on all terms," he said.

But the FPM, founded by Mr Aoun, is Hezbollah’s most influential non-Shiite Muslim ally and has been accused by its detractors of providing a “Christian cover” to the party.

In 2006, the FPM sealed a partnership with Hezbollah that helped Mr Aoun become President a decade later.

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MATCH INFO

Karnatake Tuskers 114-1 (10 ovs)

Charles 57, Amla 47

Bangla Tigers 117-5 (8.5 ovs)

Fletcher 40, Moores 28 no, Lamichhane 2-9

Bangla Tiger win by five wickets

MATCH INFO

Day 1 at Mount Maunganui

England 241-4

Denly 74, Stokes 67 not out, De Grandhomme 2-28

New Zealand 

Yet to bat

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

88 Video's most popular rentals

Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.  

Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.

Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

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Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Price: From Dh149,900

FIXTURES

December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm

December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm

December 30
3rd/4th place play-off, 5pm
Final, 7pm

Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

Thanksgiving meals to try

World Cut Steakhouse, Habtoor Palace Hotel, Dubai. On Thursday evening, head chef Diego Solis will be serving a high-end sounding four-course meal that features chestnut veloute with smoked duck breast, turkey roulade accompanied by winter vegetables and foie gras and pecan pie, cranberry compote and popcorn ice cream.

Jones the Grocer, various locations across the UAE. Jones’s take-home holiday menu delivers on the favourites: whole roast turkeys, an array of accompaniments (duck fat roast potatoes, sausages wrapped in beef bacon, honey-glazed parsnips and carrots) and more, as  well as festive food platters, canapes and both apple and pumpkin pies.

Ruth’s Chris Steakhouse, The Address Hotel, Dubai. This New Orleans-style restaurant is keen to take the stress out of entertaining, so until December 25 you can order a full seasonal meal from its Takeaway Turkey Feast menu, which features turkey, homemade gravy and a selection of sides – think green beans with almond flakes, roasted Brussels sprouts, sweet potato casserole and bread stuffing – to pick up and eat at home.

The Mattar Farm Kitchen, Dubai. From now until Christmas, Hattem Mattar and his team will be producing game- changing smoked turkeys that you can enjoy at home over the festive period.

Nolu’s, The Galleria Mall, Maryah Island Abu Dhabi. With much of the menu focused on a California inspired “farm to table” approach (with Afghani influence), it only seems right that Nolu’s will be serving their take on the Thanksgiving spread, with a brunch at the Downtown location from 12pm to 4pm on Friday.

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ICC Awards for 2021

MEN

Cricketer of the Year – Shaheen Afridi (Pakistan)

T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)

ODI Cricketer of the Year – Babar Azam (Pakistan)

Test Cricketer of the Year – Joe Root (England)

WOMEN

Cricketer of the Year – Smriti Mandhana (India)

ODI Cricketer of the Year – Lizelle Lee (South Africa)

T20 Cricketer of the Year – Tammy Beaumont (England)

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.”

MATCH INFO

Championship play-offs, second legs:

Aston Villa 0
Middlesbrough 0

(Aston Villa advance 1-0 on aggregate)

Fulham 2
Sessegnon (47'), Odoi (66')

Derby County 0

(Fulham advance 2-1 on aggregate)

Final

Saturday, May 26, Wembley. Kick off 8pm (UAE) 

'Spies in Disguise'

Director: Nick Bruno and Troy Quane

Stars: Will Smith, Tom Holland, Karen Gillan and Roshida Jones 

Rating: 4 out of 5 stars

Results

5pm: Warsan Lake – Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Dhaw Al Reef, Sam Hitchcott (jockey), Abdallah Al Hammadi (trainer) 

5.30pm: Al Quadra Lake – Maiden (PA) Dh80,000 (T) 1,600m; Winner: Mrouwah Al Gharbia, Sando Paiva, Abubakar Daud 

6pm: Hatta Lake – Handicap (PA) Dh80,000 (T) 1,600m; Winner: AF Yatroq, George Buckell, Ernst Oertel 

6.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,600m; Winner: Ashton Tourettes, Adries de Vries, Ibrahim Aseel 

7pm: Abu Dhabi Championship – Listed (PA) Dh180,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami 

7.30pm: Zakher Lake – Rated Conditions (TB) Dh80,000 (T) 1,400m; Winner: Alfareeq, Dane O’Neill, Musabah Al Muhairi.