Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Lebanon tests Turkish waters
Published in Ahram Online on 12 - 01 - 2021

Lebanon's Sunni Muslim leader Saad Al-Hariri had a business lunch with Turkish President Recep Tayyip Erdogan on Friday in Istanbul, in a meeting that neither man tried to keep secret. Soon after the talks, which lasted for a couple of hours, were concluded, both Al-Hariri and Erdogan posted notes on the meeting on social media.
The Turkish presidency website said the leaders had discussed “steps to enhance Turkey-Lebanon relations in political, economic, commercial and cultural areas as well as cooperation possibilities in regional issues.” Al-Hariri tweeted twice about the visit, saying that he and Erdogan had tackled issues relating to the reconstruction of Beirut after a new Lebanese government is formed.
The meeting is being seen as a sign of Lebanese-Turkish rapprochement, but the timing of the visit raises various political and economic questions.
Al-Hariri is currently facing tough times in forming a new ruling coalition in Lebanon, and it is no secret that Turkey is a foe of many Arab states in the region, including Saudi Arabia, which has conflicting policies over a number of Middle Eastern issues.
The domestic and regional outcomes of the visit will be something to watch out for in the coming period.
For Emad Salamey, an associate professor of political science at the Lebanese American University (LAU), Al-Hariri is “assessing his role” in local and regional dynamics and in the light of changes in the White House following the inauguration of Joe Biden as US president on 20 January as well as in the light of the Saudi-Qatari rapprochement.
Six days ago, Saudi Foreign Minister Faisal Bin Farhad declared that the four-year political crisis between Qatar and four Arab states, the so-called Quartet, including Saudi Arabia, Egypt, the UAE and Bahrain, has reached an end. Trade and business links have been restored between Riyadh and Doha.
The Quartet had accused Qatar, a major regional ally of Turkey and its Islamist president, of backing Islamist and terrorist groups in the region.
Al-Hariri seems to be “testing the water” on whether the regional environment is ripe for a Lebanese-Turkish rapprochement, Salamey explained. He noted that Turkey's support for Lebanon can only materialise in conjunction with Saudi and French efforts and through a comprehensive plan that would receive both US and Iranian backing, however.
“A convergence would require a far-reaching agreement and international sponsorship similar to the 1989 Taif Agreement” that ended the Lebanese Civil War, he said. “Al-Hariri feels that his best bet is to reposition himself between the Saudi, French and Turkish axes, which could give him leverage in pushing for a Sunni-Christian convergence and, consequently, in backing for his premiership,” Salamey said.
Salamey's key concern was related to Lebanon's domestic politics and not regional relations. Believing that Turkey “can indeed play a role in supporting Lebanon's recovery,” Salamey said that this “would remain short of being welcomed by the Lebanese, especially the Christian and Armenian communities.”
Lebanon and Turkey have a long history of relations. Rafik Al-Hariri, Saad's father and Lebanon's former prime minister, officially visited Turkey in 2004 to discuss cooperation. In August 2019, Turkish top diplomat Mevlüt Çavuşoğlu met with Lebanese President Michel Aoun and Parliamentary Speaker Nabih Berri, both allies of the Iran-sponsored Hizbollah group, in Lebanon.
Further tensions with the Lebanese sects is the last thing that Al-Hariri, trying to lead a Lebanese government for the fourth time, would want to see. No progress on forming a new government has been made over the past four months, and while the same thing happened with Al-Hariri's predecessor Mustafa Adib, who gave up after one month of his premiership after his appointment by Aoun, the situation is now even worse.
A war of words has emerged between Al-Hariri and Hizbullah allies over the deadlock, reportedly caused by a clash on who will get the majority of ministerial portfolios in a new government. In late December, Al-Hariri submitted a government lineup to Aoun. One week later, Al-Hariri's office urged Aoun to “cooperate” and disregard party affiliations.
Aoun's office responded by opposing Al-Hariri “going it alone in naming ministers, particularly Christians, without agreement from the president.” Accusing Al-Hariri of submitting a lineup different from the one discussed with Aoun, the latter's office added that “the president never proposed the names of party candidates to be ministers and did not present the prime minister-designate with a list of names.”
It can take months to form a coalition government in Lebanon. However, there is now a new urgency given the country's social and economic conditions, the Beirut port explosions last August that left 200 people dead, 6,000 injured and 300,000 homeless, and the country's long-running rubbish crisis, continuous power cuts, and increases in the prices of basic goods.
Even before the port blasts, the Lebanese currency had lost about 80 per cent of its value. The country, which mainly relies on dollars, has been losing its foreign-currency reserves, and the banks have imposed restrictions on withdrawing the US currency.
The Covid-19 pandemic has made a bad situation worse. The government has expanded a nationwide lockdown that started last week following a rise in cases, and Lebanon is now facing an all-day shutdown for 11 days.
For all these reasons, Al-Hariri might be interested in getting closer to Ankara despite the latter's ongoing economic challenges. Steve Hanke, a professor of applied economics at the Johns Hopkins University in the US, argues for the opposite, however.
“It's always doubtful that a country such as Turkey can offer much financial support when it is embroiled in its own currency and financial crisis,” he said, believing that Lebanon needs a “currency board” to handle its own problems.
The Turkish lira declined in value by 25 per cent in October 2020, getting close to the $8 mark. The World Bank has warned that Turkey's “overall macroeconomic picture is more vulnerable and uncertain” amid “rising inflation and unemployment, contracting investment, elevated corporate and financial sector vulnerabilities, and the patchy implementation of corrective policy actions and reforms.”
*A version of this article appears in print in the 14 January, 2021 edition of Al-Ahram Weekly.


Clic here to read the story from its source.