Is Hizbollah leader committing political suicide?



If there is one thing enemies and supporters of Hizbollah leader Hassan Nasrallah agree on, it is that he is not stupid. But the Arab people are not stupid either to believe his excuses for standing by the Assad regime in Syria, wrote Tunisian journalist Mohamed Krishan in the pan-Arab paper Al Quds Al Arabi.

In his most recent speech, Mr Nasrallah said that Syria is "the backbone of the resistance. And so the resistance cannot just stand by and watch its backbone falling apart ... otherwise we'll be stupid".

Certainly, Mr Nasrallah is not stupid. He knows that once the Assad regime falls, the "noose will be tightened around his neck, after it will have already put his ally to death", the writer said.

Everyone can fathom that, including Israel whose newspapers are commenting that Hizbollah is fighting for survival in Syria because the collapse of Bashar Al Assad will not only deprive him of the lifeblood that supplies him with weaponry, but could also spark a clash in his own surroundings.

No doubt the fall of the Assad regime would deal a crushing blow to the axis of Iran, Syria and Hizbollah. This is why Hizbollah elected to turn its back on the Syrian freedom fighters and stand by the regime, politically at the outset, and militarily when it felt that its survival was on the line.

In that sense, Mr Nasrallah was not stupid to back those without whom he would be disempowered and toothless. But, the writer commented: "I don't know why the Hizbollah leader supposed that we are the stupid ones to unquestionably accept that his Machiavellian option is in defence of Palestine against the US and Israel."

People are not idiots to swallow this when the regime Hizbollah is siding with has done nothing to reclaim its own land, never mind Palestine's, and has killed scores of its own people, Mohamed Krishan argued.

In the UAE-based Al Bayan, Omar Al Omar wrote that by opting for a short-sighted sectarian option, not only has Hizbollah lost all golden investment opportunities in the future Syria, but also all its pan-Arab credentials - a mistake that amounts to "political suicide".

Although Hizbollah might win the Qusair battle, Mr Nasrallah will lose his political career in the long run. Getting entangled in the Syrian conflict against people seeking freedom and justice runs counter to political reasoning and the logic of history, the writer noted.

Sectarianism has made Hizbollah blind - even to the extent of accusing the freedom-fighting Syrians of being sponsored by Israel, Al Omar said.

And yet, Arab tyrants, Octavia Nasr wrote in the London-based daily Asharq Al Awsat, "have fallen and will continue to fall like autumn leaves" despite Hizbollah electing to support Syria's tyrant.

Regime's flexibility is about buying time

The Syrian government will "in principle" attend the "Geneva 2" peace talks, Foreign Minister Walid Al Moualem said on Sunday, speaking to the Beirut-based channel Al Mayadeen.

"Two developments could be behind this apparently flexible step from the Syrian regime," commented yesterday in the London-based Al Quds Arabi. "The decreasing odds of holding the conference due to mounting disputes between the sponsors, the US and Russia; and the growing split within the opposition over this participation."

Aware of all these disputes, the veteran politician Mr Al Moualem knows that attending the meeting is a great opportunity, because it will be a recognition of the Syrian regime by the US and European nations which have been repeating for the past two years that the Syrian regime has lost legitimacy.

The Syrian opposition is still adamant that president Bashar Al Assad must leave for it to take part in the peace talks - a condition that might not be approved by the sponsors if the conference is held, because this would mean the regime's delegation will not attend.

"The Syrian regime is manoeuvring and attempting to buy time and gain ground, especially now that the reports coming out of the Qusair front, where fierce battles are raging between the regime troops alongside members from Hizbollah and the rebel forces, indicate progress by the regime troops," the paper said.

Mosque move makes room for dialogue

If you walk by the Fittja mosque at noon and hear the Muslim call to prayer from its minaret, you might have the impression that you are in Cairo, Baghdad or Rabat, not in Sweden's capital, Stockholm, noted Iraqi writer Abdul Hussein Shaaban in the Sharjah-based newspaper Al Khaleej.

The Swedish authorities have given the green light for Fittja mosque to sound Muslim prayer calls at midday on Fridays, despite opposition from the right wing, anti-immigration Sweden Democrats party.

It was an unprecedented move. Yet it did not get enough attention in Arab and Muslim nations, including those quarters that raved and ranted about the Danish cartoons insulting the Prophet Mohammed.

The Fittja mosque story deserves attention from those interested in dialogue among civilisations and cross-cultural communication, for it embodies the special relations between Sweden and Muslim nations, and could have a positive impact on Christian-Muslim relations.

Sweden hosts roughly 500,000 Arab and Muslim residents, who are treated on an equal footing with Swedish citizens, except in some limited areas such as voting.

Arabs and Muslims must build on the Swedish move to open new windows of cultural dialogue, the columnist said.

* Digest compiled by Abdelhafid Ezzouitni

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PREMIER LEAGUE STATS

Romelu Lukaku's goalscoring statistics in the Premier League 
Season/club/appearances (substitute)/goals

2011/12 Chelsea: 8(7) - 0
2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
2014/15 Everton: 36(4) - 10
2015/16 Everton: 37(1) - 18
2016/17 Everton: 37(1) - 25  

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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.”

The specs: 2018 Mitsubishi Eclipse Cross

Price, base / as tested: Dh101,140 / Dh113,800


Engine: Turbocharged 1.5-litre four-cylinder


Power: 148hp @ 5,500rpm


Torque: 250Nm @ 2,000rpm


Transmission: Eight-speed CVT


Fuel consumption, combined: 7.0L / 100km

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

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Brighton 1
Gross (50' pen)

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Kane (48)

Venom

Director: Ruben Fleischer

Cast: Tom Hardy, Michelle Williams, Riz Ahmed

Rating: 1.5/5

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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Key fixtures from January 5-7

Watford v Bristol City

Liverpool v Everton

Brighton v Crystal Palace

Bournemouth v AFC Fylde or Wigan

Coventry v Stoke City

Nottingham Forest v Arsenal

Manchester United v Derby

Forest Green or Exeter v West Brom

Tottenham v AFC Wimbledon

Fleetwood or Hereford v Leicester City

Manchester City v Burnley

Shrewsbury v West Ham United

Wolves v Swansea City

Newcastle United v Luton Town

Fulham v Southampton

Norwich City v Chelsea

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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HOSTS

T20 WORLD CUP 

2024: US and West Indies; 2026: India and Sri Lanka; 2028: Australia and New Zealand; 2030: England, Ireland and Scotland 

ODI WORLD CUP 

2027: South Africa, Zimbabwe and Namibia; 2031: India and
Bangladesh 

CHAMPIONS TROPHY 

2025: Pakistan; 2029: India  

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

TO ALL THE BOYS: ALWAYS AND FOREVER

Directed by: Michael Fimognari

Starring: Lana Condor and Noah Centineo

Two stars

Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

* Agence France Presse

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
UAE-based players

Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim

Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza

'Ashkal'
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures and results:
Monday, UAE won by three wickets
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match