A Lebanese soldier adjusts a machine gun mounted on a military vehicle upon the arrival of a shipment of US weapons at the Beirut port on February 8, 2015. Anwar Amro/AFP Photo
A Lebanese soldier adjusts a machine gun mounted on a military vehicle upon the arrival of a shipment of US weapons at the Beirut port on February 8, 2015. Anwar Amro/AFP Photo

US arms arrive in Beirut as date is set for Saudi-French deliveries



BEIRUT // A US shipment of military equipment worth US$25 million arrived at Beirut’s port on Sunday, as it was announced that the first deliveries of Saudi-funded French weapons to Lebanon would begin in April.

Both are aimed at bolstering the Lebanese army’s fight against extremist forces on the border with Syria.

The US shipment included howitzers, Humvees and 26 million rounds of ammunition. It comes in addition to more than $100m (Dh367m) in military aid that Lebanon received from the United States last year.

A time frame for the French weapons delivery was confirmed by France’s foreign minister Laurent Fabius in a meeting with Lebanese prime minister Tammam Salam at the global security conference in Munich on Sunday.

It comes after Saudi Arabia pledged $3 billion to fund the purchase of French weapons – including helicopter gunships, armoured personnel carriers, heavy artillery and surveillance drones – in December 2013.

The military aid, which will allow the Lebanese army to modernise, will be supplied over the next three years.

The announcement will come as welcome news to Lebanon, which has been facing growing daily battles with ISIL and Jabhat Al Nusra on the country’s eastern frontier.

Military experts previously expressed fears that the army’s fight against the militants was being hampered by the delay in military aid arriving, and had called for the speedier delivery of arms.

The US stepped up its shipments of military aid to Lebanon when the threat of extremists on the border became clear and the UK has helped the Lebanese army reinforce its frontier with watchtowers, materials to build defensive positions and donations of body armour and Land Rovers.

But the biggest prize so far has been the arms pledge from Saudi Arabia, which was formally signed in November last year. Last August, the Saudis also announced they were giving Lebanon's security forces an additional $1bn grant to confront ISIL and Jabhat Al Nusra, who have launched a series of brutal attacks on the country.

On January 23, militants attacked a remote Lebanese army outpost on the border, killing eight Lebanese soldiers. Last August, Jabhat Al Nusra and ISIL captured the Sunni border town of Arsal in a joint attack before Lebanese artillery and armour wrested control of the town from the militants.

Despite news of the impending weapons deliveries from France, however, the impact of the Saudi-French arms deals may not be felt for some time.

“It’s not really a direct impact because you need time … to train the people, to incorporate it into the system,” said Elias Hanna, a retired Lebanese army general. “If they start today they need more than six months for good results.”

Of the additional $1bn grant announced in August, more than $500m is earmarked for the Lebanese army, according to Aram Nerguizian, a senior fellow at the Washington-based Centre for Strategic and International Studies. Mr Nerguizian said this would probably be spent on US weapons, including advanced systems that Lebanon has never had before.

“If you didn’t have the Syrian civil war and the threat from [ISIL] and Nusra … you wouldn’t have this degree of willingness to entertain the kinds of transfers that might take place” within the coming months and years, he said.

But considering the scale of the threat, the pace of delivery has been slow.

While the US has increased its arms transfers to Lebanon, some say the army has so far received relatively little. “I wouldn’t say peanuts, but not sophisticated or heavy weapons”, said Hisham Jaber, a retired Lebanese general, who also served as the country’s defence attaché to France. He said Western nations’ long-standing hesitancy to give Lebanon sophisticated weapons was driven by a desire to appease Israel.

“We need everything: we need tanks, we need artillery, we need helicopters, we need hospitals,” he said.

Before France’s announcement on Sunday, Gen Jaber had said that Beirut should entertain previous Iranian offers to arm the military. In supporting the Assad regime in Syria and government-aligned Shiite militias in Iraq, Tehran has shown its ability to flood conflict zones with arms quickly and effectively.

Hizbollah politicians had also decried how long the Saudi-French arms transfer has taken and encouraged Lebanon to seek arms from Iran.

But Gen Hanna said that the kinds of arms that could be immediately furnished by Iran would not necessarily be of the type required by the Lebanese Army in its fight against the militants.

“We don’t need heavy arms to defeat [ISIL] … we need drones, night-vision goggles, information [gathering technology], choppers – they don’t have it in Iran,” he said.

And so far, the violence on the border has been light compared to the bloodshed across in Syria. The Lebanese army, while suffering some losses, has proven capable of holding its ground.

Mr Nerguizian said he was confident that the army could hold its line on the eastern front, citing the recent acquisitions of US-made Hellfire missiles and large ammunition transfers by Washington.

But Gen Jaber believes cracks could begin to show if the impact of military aid in Lebanon is not felt soon.

“[ISIL] and Al Nusra will make a breakthrough somewhere.” he said. “They cannot stay where they are. They did not come to Lebanon for tourism.”

foreign.desk@thenational.ae

* Additional reporting by Agence France-Presse

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

BACK%20TO%20ALEXANDRIA
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ETamer%20Ruggli%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENadine%20Labaki%2C%20Fanny%20Ardant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

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.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon