Lebanese prime minister Saad Hariri greets the audience on his arrival at a regional banking conference in Beirut on November 23, 2017. Hussein Malla / AP Photo
Lebanese prime minister Saad Hariri greets the audience on his arrival at a regional banking conference in Beirut on November 23, 2017. Hussein Malla / AP Photo

Stability is top priority for Lebanon, Hariri tells bankers



The stability of Lebanon is paramount, Lebanese prime minister Saad Hariri told a meeting of regional bankers in Beirut on Thursday, a day after agreeing to suspend his resignation.

"Our primary concern in Lebanon is stability, and that is what we are going to focus on," Mr Hariri said at the opening of the annual Arab Banking Conference.

It was Mr Hariri's fourth public appearance since his return to Lebanon on Tuesday after announcing his resignation while in Saudi Arabia on November 4. His attributed his surprise decision in part to the meddling by Iran and the Iran-backed Lebanese group Hizbollah in regional affairs.

“The stage that passed constitutes an awakening for all of us to seek Lebanon's interests first before looking at the problems around us,” he said, referring to his sudden resignation and the subsequent political turmoil in the country.

"We must look at all means to reach the point where Lebanon stands back, in practice, and not just in rhetoric," he said.

Hizbollah, which is a part of Mr Hariri's government formed last December, has sent its fighters into the civil war in Syria on behalf of president Bashar Al Assad. Saudi Arabia, a supporter of Mr Hariri, has accused the group of assisting rebels in Yemen, where a Saudi-led coalition is seeking to restore the UN-recognised government.

In its first remarks since Mr Hariri's return, Hizbollah said the move was "promising" and sent a signal that matters can "return to normal".

Hassan Fadlallah, a Hizbollah MP, said Mr Hariri's independence Day remarks on Wednesday could form the basis for efforts to find "appropriate" solutions to the country's crisis.

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Besides stability, Lebanon also needed to focus on reviving its economy, Mr Hariri told the banking conference.

One of the main concerns following the his resignation was the prospect of a return to the political paralysis that affected growth since 2011. Lebanon’s economic stability has been maintained through the strength of its currency, the pound, which has remained stable at about 1,500 pounds to the US dollar since the 1990s.

Mr Salameh told the conference Lebanon was "on track for a 2.5 per cent growth this year".

Mr Hariri thanked the central bank governor Riad Salameh, who was able "to fortify the Lebanese pound, even when we politicians disagreed with each other".

The prime minister on Thursday also hosted a meeting of his Future Movement parliamentary bloc at his residence in Beirut.

Mr Hariri "provided essential updates regarding the political developments locally and regionally with his own assessment of the recent developments, and how we should monitor them and respond", according to a statement ready out by the bloc's deputy chief, Bassem Al Sabeh.

The bloc also praised Mr Hariri's decision to postpone his resignation, saying it showed his "commitment to protecting the independence of the country, and to avoid sliding into the risks and conflicts surrounding Lebanon”.

The prime minister also met with the French ambassador on Thursday. French president Emmanuel Macron was instrumental in arranging Mr Hariri's return to Lebanon following his resignation.

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Scores

Bournemouth 0-4 Liverpool
Arsenal 1-0 Huddersfield Town
Burnley 1-0 Brighton
Manchester United 4-1 Fulham
West Ham 3-2 Crystal Palace

Saturday fixtures:
Chelsea v Manchester City, 9.30pm (UAE)
Leicester City v Tottenham Hotspur, 11.45pm (UAE)

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
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  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
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Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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