Hezbollah leader Naim Qassem struck a defiant tone in a speech on Friday, two days after civilian envoys of Lebanon and Israel held direct talks about ending hostilities – a move the Lebanese armed group had tacitly accepted.
“Allowing a civilian delegation to take part in the [negotiations] contradicts every public statement that maintained no civilian delegation would take part until the aggression ends,” he said.
Despite a November 2024 ceasefire agreement stipulating Israel’s withdrawal and cessation of attacks, the country has continued to carry out strikes on Lebanon and occupy several points of its territory. Hezbollah, militarily weakened, has refrained from responding.
“The aggression did not end,” Mr Qassem warned Lebanese authorities. “You're granting Israel concessions that produce no results.”
He reiterated Hezbollah’s support for Lebanon’s choice of “a path of diplomacy to end the [Israeli] aggression”, but set clear limits on the group’s co-operation regarding disarmament north of the Litani River. He warned that Israel is not only targeting Hezbollah’s weapons but is also “paving the way for a gradual occupation”.
“Lebanon is facing a dangerous Israeli expansionist aggression that must be confronted by all means and methods,” he said.
A source close to Hezbollah told The National earlier that the Iran-backed group had warned that any diversion from “security issues” during negotiations with Israel would trigger a response.
Although Hezbollah had not yet publicly announced its position, it delivered its message to the government and the presidency in the past week, the source.
The comments came shortly after Thursday’s cabinet meeting, during which President Joseph Aoun described the first round of direct civilian negotiations as “positive” and stressed that negotiation is Lebanon’s only option.
The source, who serves as a liaison between the group and political entities, said that “in principle, Hezbollah has not opposed negotiations with the Israeli entity before, as was the case after the 2006 war or during the US-mediated maritime border talks.”
But Hezbollah insists that Lebanon must adhere to its “fundamental principles: ending the occupation and stopping the aggression. Any deviation from these will prompt a response from Hezbollah”.
He did not elaborate on what form a response might take, but said Hezbollah maintained that such talks “must not become an opening for direct political negotiations, nor a gateway to offering any concessions”.
Underscoring its message, the militant group released a quiet act of rebellion on Thursday night, shortly after the cabinet meeting. A video published on the its official Telegram channel, which quickly circulated, showed Hezbollah's orchestra playing defiantly on top of a snowcapped mountain, cut together with scenes of fighters loading rockets into launchers.
Footage of missile strikes on Israeli targets from last year’s war formed the track’s percussive backbone – a reminder of the group's military endurance.
Hezbollah is in a tough spot regardless of its rhetoric. It has few cards left amid continuous Israeli strikes, major intelligence breaches and intensifying US pressure to dismantle and disarm it as soon as possible.
“The President [Joseph Aoun] indeed has constitutional authority, but any progress in the talks requires agreement among the three leaderships – the presidency, parliament and the government,” said a member of parliament from the pro-Hezbollah bloc.
Wednesday’s talks, agreed to in the hope of “defusing tension”, according to Lebanese Prime Minister Nawaf Salam, marked a rare instance of direct civilian dialogue between Lebanon and Israel.
They were held during a meeting of the US-run ceasefire monitoring body. Previously, military officers from both sides have held talks only to discuss operational matters. The latest round of negotiations, however, hints at the possibility of broader discussions aimed at calming tensions after last year’s destructive war in Lebanon.
On Thursday, Mr Aoun announced that a new round of direct talks with Israel would take place this month. He emphasised that the agenda will be strictly limited to security issues, apparently a message directed at Hezbollah.
“The directives are to focus strictly on security negotiations: stopping the attacks, withdrawing from occupied points, demarcating the borders and securing the release of prisoners. Nothing beyond that is on the table,” he added.
'No other option'
Hezbollah, once a formidable regional proxy likened to a standing army, has lost much of its influence in Lebanon and the Middle East due to the war with Israel, which has eroded the group's arsenal and strained its finances.
Negotiating a way out might be its only option to avoid being completely overtaken by events, especially after losing its vital foothold in Syria with the downfall of Bashar Al Assad's regime a year ago. But western and Arab diplomats told The National that Israel and the US will not relent until the group is fully disarmed.
Iran, meanwhile, has made clear that any decision on Hezbollah’s future must involve Tehran, which has invested tens of billions of dollars in building the group since its creation by the Islamic Revolutionary Guard Corps in the 1980s.
Lebanon’s delegation is led by Simon Karam, a former ambassador known for his outspoken stance against foreign interference and non-state armed groups. He was a founding member of a coalition of prominent Christian political, religious and intellectual figures formed in 2001 to oppose Syria’s military and political domination of Lebanon.
Mr Karam was appointed by Mr Aoun to lead the civilian delegation in the US-led talks. He was chosen “for his experience and because there is a need for a diplomat with political and sovereign expertise”, a source close to the presidency told The National earlier this week.
Hezbollah, however, has made clear that it is unhappy with the choice, the two sources said. “A more national-minded figure with a clearer position on Israel could have been chosen and there are question marks over Simon Karam’s past and what he represents,” the source close to Hezbollah said.
In Israel, a spokeswoman for Prime Minister Benjamin Netanyahu called the direct meeting a “historic development” with “unique opportunities to create peace” between the countries. “This is the first step to paving a path with Lebanon and it's clear the Lebanese recognised the economic challenges they are facing,” she said.
But Mr Salam, in a briefing with journalists, played down the suggestion of economic ties. “Economic relations are part of normalisation, which have to follow peace,” he said. “Normalisation will follow peace. It cannot precede it.”
He told The National that Lebanon's civilian envoy was appointed to the monitoring mechanism in the hope of calming a tense situation marked by near-daily Israeli strikes and threats of a broader military operation in Lebanon.
The appointment of civilian representatives came after Mr Aoun indicated an openness to direct negotiations with Israel, amid US pressure to engage in negotiations. “There is no other option but negotiation,” he said on Thursday.
A senior security official agreed. “There is absolutely no other way. Lebanon has absolutely no pressure points, security-wise or militarily. Zero,” he told The National.
The biog
Born: High Wycombe, England
Favourite vehicle: One with solid axels
Favourite camping spot: Anywhere I can get to.
Favourite road trip: My first trip to Kazakhstan-Kyrgyzstan. The desert they have over there is different and the language made it a bit more challenging.
Favourite spot in the UAE: Al Dhafra. It’s unique, natural, inaccessible, unspoilt.
In The Heights
Directed by: Jon M. Chu
Stars: Anthony Ramos, Lin-Manual Miranda
Rating: ****
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
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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.”
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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The Rub of Time: Bellow, Nabokov, Hitchens, Travolta, Trump and Other Pieces 1986-2016
Martin Amis,
Jonathan Cape
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