Impact of Hariri's Stepping Back from Lebanon's Political Life Will Be Felt by Allies, Rivals Alike

Former PM Saad Hariri delivers a speech in Beirut, Jan. 24, 2022. (Reuters)
Former PM Saad Hariri delivers a speech in Beirut, Jan. 24, 2022. (Reuters)
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Impact of Hariri's Stepping Back from Lebanon's Political Life Will Be Felt by Allies, Rivals Alike

Former PM Saad Hariri delivers a speech in Beirut, Jan. 24, 2022. (Reuters)
Former PM Saad Hariri delivers a speech in Beirut, Jan. 24, 2022. (Reuters)

Head of Lebanon's Mustaqbal movement former Prime Minister Saad Hariri announced on Monday that he was suspending political work, upending the political scene in a country that is gripped by one of the most severe economic crises in the past 150 years.

Before debating over who will fill in the void left by Hariri, one must assess the reactions from his Sunni community and beyond, among his allies and rivals alike.

A former government official told Asharq Al-Awsat that questions will not only be asked over the path chosen by the Sunnis, but rather where his decision will lead Lebanon given his unprecedented move.

Speaking on condition of anonymity, the official said the shock created by Hariri's announcement will go beyond the Sunni community. It raises questions over what sort of Lebanon needs to be established. Hariri has effectively reshuffled the political cards in the country as it prepares to hold parliamentary elections on May 15.

The official said that perhaps Lebanon needed an unprecedented shock to halt its collapse on all levels. He added that former prime ministers will not declare their stance over Hariri's move before they assess the situation on the Sunni scene. The official explained that the former PMs will then draw up a roadmap that will address the void left by Hariri.

The position of prime minister in Lebanon is always held by a Sunni figure.

Christian figures have yet to declare a stance from Hariri's stepping back from politics. Parliament Speaker Nabih Berri expressed his sadness over the move, saying Hariri represented the voice of moderation. Head of the Progressive Socialist Party Walid Jumblatt voiced alarm that the decision will grant Hezbollah and Iran free reign in Lebanon.

Shiite Hezbollah, meanwhile, is taking its time in commenting on Hariri's move, said a prominent political source. The party has lost in Hariri a main partner in Lebanon's complicated political scene even though they stand at opposite ends of the political spectrum.

The source said Hezbollah's strong commitment to its alliance with President Michel Aoun and his son-in-law Gebran Bassil had hindered Hariri from making even modest achievements in protecting himself and providing political cover to the settlements that he joined to protect Lebanon.

These settlements did not sit well with Hariri's loyal popular and political bases, which they reacted to with muted opposition. Notably some Mustaqbal MPs abstained from voting for Aoun as president in 2016 whose election was agreed to in a settlement struck with Hariri.

While Hariri stuck with the settlements he struck with rivals, Hezbollah fell short in meeting its pledges to him. When Hariri was designated to form a government in 2020, the party was among the blocs that did not nominate him to the post, evidence of its double standards.

Rather, Hezbollah opted to favor its alliance with Aoun and Bassil. Throughout all this, the party violated the country's policy of disassociation from regional disputes, turning Lebanon into a platform to verbally attack Arab Gulf countries. Bassil was complicit in this when he served as foreign minister.

The former government official said Aoun's position on Hariri's exit from the political scene is irrelevant because the president alone is responsible for destroying the partnership that they had struck up. Aoun's unyielding stances had prompted Hariri to step down from forming a new government months after his designation in 2020.

Aoun had effectively stood against the nomination of the strongest Sunni figure being appointed premier, while he, the strongest Maronite in the country was able to be elected president and the most powerful Shiite figure - Berri - parliament speaker.

As the Sunnis process the news of Hariri's departure, the political source said Hezbollah's rivals must take up the mantle in confronting it politically and stand firm against its attempts to alter Lebanon's identity.

The question remains: How will the main Christian parties, the Kataeb and Lebanese Forces, act without a main Sunni partner and how will the absence impact the elections?

As it stands, tensions had existed between the LF and Mustaqbal Movement and it appears unlikely that any rift will be mended in time for the polls. LF leader Samir Geagea had expressed his personal sympathy with Hariri after he stepped down. He also said he was ready to work with the Mustaqbal. Time will tell if they can move away from the past and open a new chapter in ties.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.