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Time has stopped in Beirut, the capital of Lebanon, as its inhabitants wait for a war that has yet to begin.
Following Hamas's attack in Israel on October 7 that kicked off a massive escalation of violence in Gaza, the southern border of Lebanon has been the site of tit-for-tat clashes between Iran-backed Hezbollah and an ally of the Palestinian militant group on one side, and Israel on the other.
Beirut residents told The National they are fearful of what could come next, as some governments, including Canada and the US, have advised their citizens to leave.
The skirmishes Israel and Hezbollah, which have resulted in dozens of fatalities, including civilians, have been contained so far, as the two sides loosely follow the so-called rules of engagement, which have prevented escalation since a full-blown war in 2006.
However, the situation could shift in an instant: a ground invasion of Gaza – which could potentially lead to Hezbollah and its primary backer, Iran, coming to the rescue of Hamas – or miscalculation by either side could lead the entire nation to be pulled into the conflict.
The national mood is sombre as Lebanon's almost ruined economy teeters on the edge of collapse, with many fearing another war will be the final straw
In Beirut, the line between war and peace already seems blurred. The usual vibrant streets are quieter, with many events being cancelled in solidarity with Gaza, where Israeli air strikes have so far killed more than 5,000.
Faced with uncertainty, many in Beirut are preparing for the worst.
Some have already begun stockpiling food and emergency provisions as they recall the 2006 war, a month-long conflict that pitted Hezbollah against Israel and claimed the lives of more than 1,200 Lebanese – mostly civilians – and 165 Israelis, mainly soldiers.
Mariam, a 35-year-old mother of two living in Beirut’s southern suburb of Dahieh, which was heavily affected during the 2006 conflict, told The National she had packed suitcases in case she needs to quickly evacuate her family.
“Each bag has several changes of clothes, water, food and medicine in case of emergencies,” she said. “Because who knows where we’d end up if we had to leave suddenly.”
She and her husband Mohammad own a small chain of accessory shops in Dahieh.
Last weekend, the couple packed up all their merchandise and stored it in a nearby warehouse for safekeeping.
“If the area gets hit, we can’t afford to lose all our merchandise,” she said. “We need to make sure our capital is protected.”
Unfortunately, that means the couple are out of work for the time being. They sell the occasional accessory online but it is not the same revenue stream as having an active storefront.
“The worst part is that we don’t know when or if things are going to get worse. And in the meantime, we can’t do much besides sitting and waiting for something to happen.”
While many Lebanese find themselves with no alternative but to wait, some foreign residents, among them staff from NGOs and international organisations, have already initiated the process of evacuation.
Many embassies, including those of the US and Britain, have advised their citizens to leave Lebanon while flights remain available. The primary concern is that the airport could become a target, as was the case during the 2006 war.
Lebanon's Middle East Airlines has cancelled half of its flights due to changes in insurance coverage. the airline has also transferred a significant portion of its fleet from Beirut–Rafic Hariri International Airport due to the security risks in the region.
Several other airlines, such as Swiss International Air Lines and Germany's Lufthansa, have already temporarily suspended flights to Beirut.
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Results
6.30pm: The Madjani Stakes (PA) Group 3 Dh175,000 (Dirt) 1,900m
Winner: Aatebat Al Khalediah, Fernando Jara (jockey), Ali Rashid Al Raihe (trainer).
7.05pm: Maiden (TB) Dh165,000 (D) 1,400m
Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer.
7.40pm: Maiden (TB) Dh165,000 (D) 1,600m
Winner: Dubai Avenue, Fernando Jara, Ali Rashid Al Raihe.
8.15pm: Handicap (TB) Dh190,000 (D) 1,200m
Winner: My Catch, Pat Dobbs, Doug Watson.
8.50pm: Dubai Creek Mile (TB) Listed Dh265,000 (D) 1,600m
Winner: Secret Ambition, Tadhg O’Shea, Satish Seemar.
9.25pm: Handicap (TB) Dh190,000 (D) 1,600m
Winner: Golden Goal, Pat Dobbs, Doug Watson.
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KILLING OF QASSEM SULEIMANI
Sanchez's club career
2005-2006: Cobreloa
2006-2011 Udinese
2006-2007 Colo-Colo (on loan)
2007-2008 River Plate (on loan)
2011-2014 Barcelona
2014–Present Arsenal
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Test series fixtures
(All matches start at 2pm UAE)
1st Test Lord's, London from Thursday to Monday
2nd Test Nottingham from July 14-18
3rd Test The Oval, London from July 27-31
4th Test Manchester from August 4-8
Company profile
Name: The Concept
Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal
Based: Abu Dhabi
Founded: 2017
Number of employees: 7
Sector: Aviation and space industry
Funding: $250,000
Future plans: Looking to raise $1 million investment to boost expansion and develop new products
Honeymoonish
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More from Aya Iskandarani
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
