Israel to remain in five posts in south Lebanon, missing withdrawal deadline


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Israel will keep troops in five posts in southern Lebanon beyond the February 18 deadline for its withdrawal from the country, the Israeli military said on Monday.

Military spokesman Lt Col Nadav Shoshani told reporters the move was in accordance with the ceasefire agreement. "We need to remain at those points at the moment to defend Israeli citizens, to make sure this process is complete and eventually hand it over to the Lebanese armed forces," he said.

An MP from the Hezbollah-Amal bloc told The National: "It was clear that the occupation would delay its scheduled withdrawal on February 18, citing the security of the settlements as a pretext to remain in several locations."

Contact is being made between the Lebanese government, the US, France and members of the overseeing committee, he added.

"This constitutes a new violation of the ceasefire agreement. The continued presence of Israelis in five areas will subject Lebanon and the new administration to internal and external pressures that are not in their favor," the MP said.

The areas include Jabal Blat, a mountainous region less than 1km from the border with Israel and about 10km from the coast, the nearby Labbouneh area and the three adjacent hills of Al Azziyeh, Al Awidah and El Hamames, further north-east and closer to the Syrian-occupied Golan region. “These points are in high areas and directly overlook some settlements in northern Israel such as Metula, Shlomi and Zarit,” a Lebanese political source has said previously.

"The Israelis want to give the impression to their settlers in the north that they are ensuring a safe return," a source close to Hezbollah said. "The Israelis are acting as if Lebanon has a defeated will, believing they can impose new facts on the ground, including continuing the series of assassinations, as happened today in Sidon. The resistance is keen on giving the new government the opportunity and time to work on ending these occupation points."

Senior Hamas commander Mohammed Shaheen was killed on Monday in a strike in the southern city of Sidon, the Israeli army said, a day before the deadline for Israel to withdraw from Lebanon under a fragile ceasefire.

Mr Shaheen was the chief of Hamas's military operations in Lebanon, according to the Israeli military and the Shin Bet. "Shaheen was a significant source of knowledge within the organization and was involved throughout the war with advancing various terror attacks, including rocket fire on the Israeli home front," the army said.

Hezbollah leader Naim Qassem said on Sunday it was the recently formed Lebanese government's responsibility to ensure that the Israeli army withdraws from the country by February 18 – the ceasefire deadline – as Israel carried out air strikes and fired at residents returning to the south.

A fragile ceasefire has been in place between Israel and Hezbollah since November 27 but both sides have accused each other of breaching the agreement. Under the deal, the Lebanese army was to be posted alongside the UN peacekeeping force as the Israeli army withdrew over a 60-day period that was extended to February 18.

During Israel’s war on Lebanon and Hezbollah from October 2023, Sidon was sporadically attacked but the city had been spared since the truce took hold in November last year.

Under the deal, Lebanon's military was to deploy in the south alongside United Nations peacekeepers as the Israeli army withdrew over a 60-day period that was later extended to February 18.

“Israel must fully withdraw on February 18, it has no excuse,” Mr Qassem said. “It is the responsibility of the Lebanese state” to make every effort “to make Israel withdraw”, he added.

Lebanese media reported Morgan Ortagus, deputy presidential envoy for the Middle East, was expected to arrive in Beirut on Monday for talks ahead of the deadline. Israel last week said its troops would remain in southern Lebanon – a move fiercely contested by the government and Hezbollah. Lebanese President Joseph Aoun rejected reports that Beirut had agreed to extend the ceasefire deal, saying he had repeatedly insisted that Israel must withdraw before the February 18 deadline.

A woman was killed and several others were injured when Israeli troops opened fire on a group of residents attempting to return to their homes in the village of Houla, in southern Lebanon, the National News Agency (NNA) reported. There was no comment from the Israeli military on the incident but it acknowledged carrying out air strikes attacking what it described as Hezbollah military sites.

The military said the Israeli Air Force "conducted precision, intelligence-based strikes on a number of military sites in Lebanese territory containing rocket launchers and weapons, where Hezbollah activity had been identified”, without specifying the exact location of the strikes. Lebanese media reported three strikes in the Bekaa Valley in the east.

Two people taken from Houla by Israeli troops were forced to return on foot to the entrance of the town where the Lebanese army is stationed, the NNA reported.

Supporters of Hezbollah shout slogans as they carry the group's flag and a photo of its late leader Hassan Nasrallah during a protest at Beirut-Rafic Hariri International Airport. EPA
Supporters of Hezbollah shout slogans as they carry the group's flag and a photo of its late leader Hassan Nasrallah during a protest at Beirut-Rafic Hariri International Airport. EPA

The violence came after a weekend of unrest over the government's decision to ban Iranian flights, fuelling internal tension. Hezbollah supporters gathered for protests on Beirut's Airport Road when a UN convoy passed through. The force's departing deputy commander, Maj Gen Chok Bahadur Dhakal, was injured in the incident. Mr Qassem condemned the attack on the Unifil convoy but also criticised the Lebanese army for tear-gassing protesters who he said had “gathered peacefully”.

Lebanon halted an Iranian flight to Beirut this week after the Israeli military accused Tehran of using civilian aircraft to smuggle cash to Beirut to arm the group. Tehran said it would not allow Lebanese flights to land until its own planes were cleared to land in Beirut. Hezbollah said it “demands that the government reverse its decision to ban Iranian planes from landing at Beirut airport and take serious measures to prevent the Israeli enemy from imposing its dictates”.

Lebanese sources told AFP the decision to block Iranian flights was made after US warnings that Israel would attack the airport. “The security of Beirut airport takes precedence over any other consideration,” Lebanese Prime Minister Nawaf Salam said on Saturday. “And the safety of travellers as well as the safety of Lebanese citizens are elements on which we will not compromise.”

In Israel, US Secretary of State Marco Rubio said the US and Israel expected the Lebanese government to work towards disarming Hezbollah. “In the case of Lebanon, our goals are aligned in the same. A strong Lebanese state that can take on and disarm Hezbollah,” Mr Rubio said in a joint press conference with Israeli Prime Minister Benjamin Netanyahu.

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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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Updated: February 17, 2025, 4:29 PM