The Biden administration has finally woken up to the danger of disregarding the economic crisis in Lebanon, hitherto considering the country a small, insignificant and secondary theatre in its geopolitical calculus. However, this awakening could yet come too late and at too high a cost. It may also lack momentum, vitality and the kind of strategic vision so desperately required right now.
Earlier in the week, the American and French ambassadors in Beirut visited Riyadh to secure Saudi Arabia's assistance in finding a solution to the longstanding crisis. Lebanon’s political leaders are divided over the formation of a new government, which will be responsible for handling the crisis that erupted in late 2019.
But Lebanon needs rescuing not just from economic collapse but from the systemic problems its ruling class has engendered over the years. At first glance, this political class seems too shrewd to be reined in by a US administration focused on reviving its 2015 nuclear deal with Iran. President Joe Biden, therefore, needs to pursue a serious policy, in concert with allies, whereby he can extract accountability from Beirut’s leaders, while keeping Iranian-backed Hezbollah – which has a stranglehold on the Lebanese state and – in check.
If not, this belated US-led initiative could end up giving the impression that it is simply rehabilitating Lebanon’s ruling class and doing nothing else.
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In a way, we have been here before. After pledging accountability from Lebanon's leaders and vowing sanctions against them – following last year’s deadly blast in Beirut Port – French President Emmanuel Macron backtracked. This provided the Lebanese leaders with room to consolidate their control over the country, which served to push ordinary people even further into misery.
In its early days of the Biden administration, it stood by as it watched the crisis unfold in Lebanon. Then it delegated the task of saving the country to France – its former colonial master – thereby washing its hands. But the prospects of economic collapse and the Lebanese army's failure to maintain internal security have raised alarm bells in Washington and forced it to reconsider its ambivalence.
Strategically, US national interests are not served if it allows Lebanon to be controlled by the so-called Iranian-Russian camp. After all, Lebanon shares its borders with Israel and Syria, and overlooks the Mediterranean Sea. It has not been wise for Washington to pretend that Hezbollah, which it recognises as a terrorist group, does not largely command the fate of the country and those borders.
Pope Francis deserves some credit for the Biden team’s involvement. His meeting with US Secretary of State Antony Blinken was quickly followed by the latter’s conference with his French and Saudi counterparts last week on the sidelines of the G20 summit in Italy.
The Vatican’s intervention was necessary, too.
Over the past few months, Lebanon’s Maronite patriarch, Bechara Al Rai, has been pursuing a campaign to secure his country’s “neutrality” – a policy of staying out of regional conflicts and preserving its sovereignty – in order to save it from total chaos. But Hezbollah, which instead favours a closer alignment between Beirut and Tehran, called Patriarch Al Rai a traitor. Politicians failed him. The Americans ignored him. And the French thought they knew better than him. Only Pope Francis heeded his call. He understood the need for the Vatican to restore its role in Lebanon, at the political, humanitarian and even strategic levels.
The Vatican still retains immense influence in international relations and among the faithful in the world, and is working to use this leverage to help all Lebanese, not just the Christians among them. Its intervention may well present the last chance to save Lebanon from perdition, from Hezbollah, and from the greedy and power-hungry political class.
The question is whether the Biden administration’s diplomatic strategy will work. It is essentially trying to find ways to pressurise Lebanese politicians into adopting much-needed reforms, or be banned from entering Europe, the US and key Arab countries.
The Vatican still retains immense influence in international relations and among the faithful in the world
But this is a tactic the French have already used and has proved inadequate, because temporary travel bans are insufficient. It has, moreover, served to confer legitimacy upon a corrupt political class that continues to control Lebanon against its people's will.
Instead, US diplomacy should pressurise European countries to adopt effective sanctions on Lebanon’s politicians by denying them the fortunes they have parked on the continent.
The Biden administration should also ignore French calls to drop the powerful Magnitsky Act – a legislative tool to sanction powerful individuals – when it comes to Lebanon. Dropping it would effectively mean that Beirut’s politicians can act with impunity. The odd move of abandoning sanctions that the Trump administration had adopted and replacing them with travel bans and other minor measures will only open the doors for illicit bargains.
Any attempt to strike deals with politicians that include a trade-off between “good behaviour” and their continued hold on power is harmful – as long as they contain no mechanism for international legal accountability for a corrupt class that has destroyed people’s livelihoods and confiscated their wealth, their dreams and their rights.
Saudi Arabia seems willing to work with the US and France, but it is seeking guarantees. Riyadh is only right to act prudently even as it remains open to helping Lebanon stave off collapse. After all, Paris has done much to undermine its own initiative from last year. Also, it is no secret that Hezbollah will not play ball; it takes its orders from Tehran alone.
For its part, Russia is waiting for more clarity from the US-led initiative. Moscow, after all, continues to see Lebanon through the lens of its co-operative relationship with Iran. A meeting this month between the two countries’ foreign ministers will throw up clues on how it will respond to Washington’s bid.
None of this is to say that the US should not act right now. Perhaps the collective pressure from Washington, Paris and Riyadh will put enough fear into the hearts of Lebanon’s politicians to begin resolving problems in their country.
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
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Director: Jesse Armstrong
Rating: 3.5/5
Day 3 stumps
New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)
Pakistan require another 139 runs with 10 wickets remaining
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
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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UAE v Hong Kong
TV:
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Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
Ferrari 12Cilindri specs
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Power: 819hp
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How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Killing of Qassem Suleimani
Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
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.