Field Marshal Khalifa Haftar, commander of the Libyan National Army, arrives at a meeting for talks over a political deal to help end Libya’s crisis in La Celle-Saint-Cloud near Paris on July 25, 2017. Philippe Wojazer / Reuters
Field Marshal Khalifa Haftar, commander of the Libyan National Army, arrives at a meeting for talks over a political deal to help end Libya’s crisis in La Celle-Saint-Cloud near Paris on July 25, 2017Show more

The rise and rise again of Libya's Field Marshal Khalifa Haftar



A glance at the map shows why outside powers are taking Libya's Field Marshal Khalifa Haftar seriously. 
 
After three years of civil war, the commander's Libyan National Army holds more than two thirds of the country, and the bulk of its oil infrastructure.
 
That perhaps explains the smiles from France's president Emmanuel Macron on July 25 when the field marshal agreed in Paris on an embryonic Libya peace deal with Fayez Al Sarraj, head of Libya's UN-backed Government of National Accord.
 
Field Marshall Haftar's consent does not mean the agreement, named the Joint Declaration, will work, but his rejection would certainly have doomed it to failure.
 
His arrival in Paris as the person to whom negotiators had to listen represented a personal triumph for the 73-year-old commander, who has been involved in Libyan politics for four decades.
 
In 1969, he was one of a group of army officers who supported Muammar Qaddafi's seizure of power from former King Idris.
 
Qaddafi later placed him in charge of troops invading neighbouring Chad in the 1980s. When the operation was defeated by French-backed Chadian forces, Qaddafi denied the presence of troops in Chad. Field Marshal Haftar then turned against Qaddafi, later moving to the US to support opposition groups.
 
In 2011, he returned to Libya to command some of the forces that, backed by Nato-led air power, toppled and killed Qaddafi.
 
If the Libyan revolution had been followed by transition to civilian rule, the field marshal might have slipped into graceful retirement. However, militias formed during the revolution remained after the fighting ended, becoming political players in their own right. Some of these militias included militants, among them Ansar Al Sharia, which Washington has accused of killing its Libya ambassador, Chris Stevens, in Benghazi in 2012.
 
In February 2014, Field Marshal Haftar broadcast a televised appeal for the overthrow of the transitional parliament, the General National Congress, accusing it of corruption and failing to disband the militias.
 
His appeal failed to see an uprising against the transitional parliament, but it won him support among Libyans fed-up with militia anarchy.
 
In May 2014, the field marshal launched Operation Dignity, aimed at pushing militant groups — including Ansar Al Sharia — out of Benghazi. His growing support saw the House of Representatives parliament, which replaced the GNC in elections in June 2014, appoint him its army commander in March 2015.
 
In September 2016, the Libyan National Army captured four key central oil ports from a militia, the Petroleum Facilities Guard, giving the parliament control of the so-called Oil Crescent, centre of the country's production. A grateful parliament, based in the eastern town of Tobruk, then promoted Haftar to his field marshal rank.
 
Earlier this year, having secured most of eastern Libya, the Libyan National Army pushed west, seizing airbases in south-west and central parts of the country. On July 3, after three years of fighting, it overran the last militant enclaves in Benghazi.
 
The Libyan National Army's victories have come in part because it is better trained and organised than the militias, who often fight each other. It also has Libyan Air Force, whose air strikes have proved to be the trump card in recent battles. 
 
Part of the army's success is also because of Field Marshal Haftar's blunt message.
 
In a country dominated by dozens of factions who make and break alliances with bewildering speed, Field Marshal Haftar has a reputation for sticking to the same uncompromising demand, which is for militias to disband. That consistency has won him supporters, who praise his commitment to bringing order to a chaotic country. It has also made him enemies among militia leaders and critics who accuse him of authoritarianism.
 
Following the capture of Benghazi, Field Marshal Haftar announced his intention to move on to Tripoli and rid the capital of militias, expressing the hope that this would happen peacefully with public support.
 
Diplomats fear such an offensive might see bloody fighting. That concern has provided impetus for a peace process begun in May when the UAE, with Egyptian support, invited Field Marshall Haftar and Mr Al Sarraj to meet in Abu Dhabi.
 
Those talks laid the basis for the July 25 Joint Declaration, an agreement by both Libyan leaders for a ceasefire, unity government and elections.
 
However, there are questions about whether Mr Al Sarraj can deliver on a key part of the agreement, which calls for Tripoli militias to dissolve.
 
Mr Al Sarraj's Government of National Accord was installed with UN support in Tripoli in March last year but has failed to win public backing, while also being rejected by both the parliament and Field Marshal Haftar. The Government of National Accord relies for security on the same Tripoli militias the Paris Declaration says must now dissolve, and so far none have done so. 
 
Days after the Paris meeting Field Marshal Haftar said that "extremists" will continue to be battled by the Libyan National Army.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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What is double taxation?
  • Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
  • Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
  • The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
  • Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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.”

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Ticket prices
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km