Lebanon’s Hariri on track to become PM for third time

Lebanon’s Saad Hariri won the backing of a majority of MPs in official consultations on Thursday to become prime minister for a third time. (AFP)
Updated 25 May 2018
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Lebanon’s Hariri on track to become PM for third time

  • The post of prime minister is reserved for a Sunni Muslim in Lebanon’s sectarian power sharing system, and the Western-backed Hariri was the clear frontrunner as the country’s leading Sunni despite losing more than a third of his MPs in a May 6 election.
  • While Hariri won wide backing, Hezbollah MPs named nobody for the post. The group would cooperate “positively” with whoever was designated, Mohammed Raad, head of Hezbollah’s parliamentary bloc, said after meeting Aoun.

BEIRUT: Lebanon’s Saad Hariri is on track to become prime minister for a third time after winning the backing of a majority of MPs in official consultations on Thursday, and is expected to launch negotiations on a coalition government.

The post of prime minister is reserved for a Sunni Muslim in Lebanon’s sectarian power sharing system, and the Western-backed Hariri was the clear frontrunner as the country’s leading Sunni despite losing more than a third of his MPs in a May 6 election.

Lebanon's president began consultations on Thursday with lawmakers on naming a new prime minister following this month's parliamentary elections and amid increasing pressures by the US and its Arab allies on the militant Hezbollah group.

President Michel Aoun was holding the official talks with MPs who were holding separate meetings with him on Thursday. The meetings are due to continue into the afternoon. Aoun must designate the candidate with the greatest backing.

By noon, many of the blocs, including the two largest in Parliament, named Hariri as their favorite.

The new coalition government is expected to reflect the enhanced political position of the Iran-backed Shiite group Hezbollah and allies that support its possession of arms, which together won at least 70 of Parliament’s 128 seats.

 

Hariri wins backing

While Hariri won wide backing, Hezbollah MPs named nobody for the post. The group would cooperate “positively” with whoever was designated, Mohammed Raad, head of Hezbollah’s parliamentary bloc, said after meeting Aoun.

Hezbollah, which has 13 seats in the legislature, did not name its own candidate for the premiership as it has done in the past — signaling it will likely go along with Hariri's re-appointment despite tense relations between the Iran-allied Shiite group and the Western-backed Hariri.

All Lebanese leaders have called for the rapid formation of a new government that will aim to revitalize a stagnant economy situation and address unsustainable public debt levels.

But like the outgoing Cabinet, the new government will have to balance out the interests of all the main competing Lebanese parties and may take time.

Hezbollah, which is designated a terrorist group by the US, intends to secure three Cabinet seats in the next coalition government, an increase from the two portfolios it held in the outgoing Cabinet of 30 ministers, a senior official familiar with the group’s thinking told Reuters.

A UN-backed tribunal has indicted five Hezbollah members in the 2005 assassination of Hariri's father and former Premier Rafik Hariri. Hezbollah denies the charges.

Hezbollah, which has to date held only marginal Cabinet posts, is also seeking more significant service-providing ministries in the new Cabinet, sources familiar with its thinking have told Reuters.

Hezbollah also believes a Cabinet post should be allocated to one of its Sunni allies who wrested seats away from Hariri’s Future Movement.

The staunchly anti-Hezbollah Lebanese Forces party, which almost doubled its number of MPs to 15, is also seeking a bigger slice of Cabinet portfolios.

Parliament re-elected the Hezbollah-allied Shiite politician Nabih Berri as its speaker on Wednesday, extending his tenure in the post he has held since 1992. Another Hezbollah ally, Elie Ferzli, was elected as his deputy. A wave of sanctions by the US and its Arab allies has targeted Hezbollah, which made gains in this month's balloting and which says it wants to play a bigger role in Lebanon's new government. Those demands could complicate Hariri's mission in the coming weeks.

The six GCC countries and the US consider Hezbollah a terrorist organization while the European Union only labels its military wing as a terrorist group.

“This action highlights the duplicity and disgraceful conduct of Hezbollah and its Iranian backers,” said Secretary of the Treasury Steven T. Mnuchin in a statement. "Despite Nasrallah’s claims, Hezbollah uses financiers like Bazzi who are tied to drug dealers, and who launder money to fund terrorism,” 


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 29 sec ago
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.