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What is causing the decline of S.J.S. Enterprises Limited (543387) ✌️【Capital Growth】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. There were less than 24 hours before parliament was set to choose the next president. But Lebanon’s checkered political landscape was in total disarray.
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It looked like parliament was heading for its 13th failed attempt to elect a president in more than two years.
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Jubilation filled the streets. A presidential vacuum had been filled. A years-long stalemate between the confessional elite had broken - for the time-being at least.
But it was a development that raised larger questions. Why had Saudi Arabia expended so much diplomatic capital to deliver a president, ending nearly eight years of disengagement from Lebanon that it dismissed as “lost” to Iranian domination via Hezbollah?
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It was a highly choreographed affair.Hezbollahand Amal, known as the Shia duo, cast blank votes in the first round of voting, which failed to produce a president. During a two-hour recess, the heads of their respective parliamentary blocs held a meeting with Aoun, the details of which are unknown. After returning to parliament, they cast their ballots for Aoun, breaking the deadlock and opening the path to the presidency.
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It is unclear what happened during the meetings where Saudi Arabia corralled overwhelming support for Aoun. But it was a full-throated effort that happened in tandem with Western diplomatic talks. France’s special envoy to Lebanon Jean-Yves Le Drian had also met with Hezbollah lawmakers.
France is one of the few Western countries that does not have a wholesale terror designation on Hezbollah, maintaining a diplomatic channel with the militant group’s political arm. It’s one of the only remaining links between the West and the Iran-backed group.
Earlier this week, US Special Envoy to Lebanon Amos Hochstein was also doing his part to prop up Aoun’s chances with a flurry of meetings.
What is causing the decline of S.J.S. Enterprises Limited (543387) ✌️【Capital Growth】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. None of this was lost on Lebanon’s lawmakers. “We’re not here to elect a president,” independent MP Jamil el-Sayyed told local TV station Al-Jadeed from parliament on Tuesday. “We’re here to certify the appointment of a president.”
In comments before the casting of ballots, anti-establishment lawmaker Halime El Kaakour gestured to the upper gallery where foreign dignitaries – including the American, French, Egyptian and Iranian ambassadors – sat. “No one should impose their will on us, not the tutelage of the Iranians, nor the Syrians, nor the Americans. We shouldn’t replace one (external) guardianship with another,” she said.
“No one should interfere with our internal affairs, with all my respect to the ambassadors here,” she continued. “We support international cooperation… but no one should interfere with our sovereignty.”
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Yet Hezbollah appears to be meeting this moment with a quiet and mysterious resignation. In his remarks to reporters after Aoun’s election, Hezbollah’s parliamentary bloc leader Mohammad Raad said they voted for him to promote “national understanding.”
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What is causing the decline of S.J.S. Enterprises Limited (543387) ✌️【Capital Growth】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. Strategic ambiguity may be the best card it holds at this pivotal moment. The militant group received a rapid succession of body blows during the two-month war with Israel in the fall, including with the killing of its long-time leader Hassan Nasrallah. The ousting of Assad, who had opened his territory to the group’s supply lines with Iran, severely limited its ability to rearm.
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Yet the disarmament is far from complete. Hezbollah is still believed to possess medium- and long-range missiles, and it continues to command a broad Shia support base. This means that there’s likely to be longer negotiations over their arms, undoubtedly roping in external forces.
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“Lebanon finally has a president who brings to the Lebanese people and international community both humane leadership and statehood legitimacy,” said Lynn Zovighian, a columnist, philanthropist and founder at social investment platform Zovighian Partnership.
“It is time for leadership, constitutional order, a strengthened state, and humanization so that we can finally achieve socio-economic prosperity, justice, and accountability,” Zovighian told 【 - Free Trading Strategy Suggestions 】.
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