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Hariri Family
The Hariri family is a prominent family from Lebanon, involved in politics and business. They are Jordan's largest real estate property investors. Business The family has investments in banking, including a significant stake in the Arab Bank, one of the largest banks in the Middle East. They have also been involved in various financial holdings through their family companies, such as GroupeMed, which has interests in banking and real estate. Saad Hariri, before entering politics, served as the Chairman of Oger Telecom, which operates in several countries, including Turkey and Saudi Arabia. The company provides various telecommunications services and has been involved in significant investments in the sector. The Hariri family owns several media outlets, including Future TV and Al-Mustaqbal newspaper. They are also involved in other media ventures through intermediary companies, reflecting their influence in the media landscape of Lebanon. They are also involved in Annahar throu ...
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Lebanon
Lebanon, officially the Republic of Lebanon, is a country in the Levant region of West Asia. Situated at the crossroads of the Mediterranean Basin and the Arabian Peninsula, it is bordered by Syria to the north and east, Israel to the south, and the Mediterranean Sea to the west; Cyprus lies a short distance from the coastline. Lebanon has a population of more than five million and an area of . Beirut is the country's capital and largest city. Human habitation in Lebanon dates to 5000 BC. From 3200 to 539 BC, it was part of Phoenicia, a maritime civilization that spanned the Mediterranean Basin. In 64 BC, the region became part of the Roman Empire and the subsequent Byzantine Empire. After the seventh century, it Muslim conquest of the Levant, came under the rule of different Islamic caliphates, including the Rashidun Caliphate, Rashidun, Umayyad Caliphate, Umayyad and Abbasid Caliphate, Abbasid. The 11th century saw the establishment of Christian Crusader states, which fell ...
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The Daily Star (Lebanon)
''The Daily Star'' was an English-language newspaper in Lebanon which was distributed across the Middle East. It was founded by Kamel Mrowa in 1952, ceased its print format in February 2020, and completely closed on 31 October 2021. History The paper was founded in 1952 by Kamel Mrowa, the publisher of the Arabic daily ''Al-Hayat'', to serve the growing number of expatriates brought by the oil industry. ''The Daily Star'' was established as an English supplement of ''Al-Hayat''. First circulating in Lebanon and then expanding throughout the region, ''The Daily Star'' not only relayed news about foreign workers' home countries, but also served to keep them informed about the region. By the 1960s, it was the leading English language newspaper in the Middle East. Upon the death of Mrowa in 1966, his widow Salma El Bissar took over the paper, running it until the outbreak of the Lebanese Civil War forced the suspension of publication. With peace hopes running high in the beginning ...
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2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ...
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Al-Madina Bank Scandal
Al-Madina Bank (Arabic: بنك المدينة) was a Lebanese bank that was seized by the Banque du Liban and closed completely in 2003 because of its mysterious case of suspicion in money laundering, corruption and fraud. The main figure in the scandal was Rana Koleilat, but also Adnan Abu Ayyash, the bank owner, and his brother Ibrahim. As many as 135 people may have been involved in the corruption case, included political, military, financial and legal figures. The total amount of money lost from the bank was 1.65 billion US dollars. History Bank Al-Madina began operating in 1982, with its headquarters in Hamra. Adnan Abu Ayyash bought the bank in 1986, and was its main shareholder, along with his brother Ibrahim. The bank expanded to 18 branches in Lebanon throughout the 90's. Scandal A report was filed accusing the bank of embezzling millions of dollars and writing bad checks, and 411 people were suspected of receiving suspicious funds from the bank. In 2003, a co ...
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Assassination Of Rafic Hariri
On 14 February 2005, former Prime Minister of Lebanon Rafic Hariri was assassinated along with 21 others in an explosion in Beirut, Lebanon. Explosives equivalent to around 1,000 kilograms (2,200 pounds) of TNT were detonated as his motorcade drove near the St. George Hotel. Among the dead were several of Hariri's bodyguards and former Minister of Economy and Trade, Bassel Fleihan. Hariri had been part of the anti-Syrian opposition in Lebanon. His assassination triggered the Cedar Revolution, a popular movement which forced Syria to withdraw all its troops in Lebanon by April 2005. The United Nations set up the Special Tribunal for Lebanon to investigate the killing, which along with an independent investigation carried out by Lebanese Brigadier General Wissam al-Hassan, found compelling evidence that Hezbollah carried out the assassination.Ronen Bergman. (15 February 2015)"The Hezbollah Connection" ''The New York Times Magazine''. Retrieved 5 August 2020. One of the in ...
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Rafic Hariri
Rafic Bahaa El Deen al-Hariri (; 1 November 1944 – 14 February 2005) was a Lebanese businessman and politician who served as Prime Minister of Lebanon, prime minister of Lebanon from 1992 to 1998 and again from 2000 to 2004. Hariri headed five cabinets during his tenure. He was widely credited for his role in constructing the Taif Agreement that ended the 15-year Lebanese Civil War. He also played a huge role in reconstructing the Lebanese capital, Beirut. He was the first post-civil war prime minister and the most influential and wealthiest Lebanese politician at the time. During Hariri's first term as prime minister, tensions between Israel and Lebanon increased, as a result of the Qana massacre. In 2000, during his second premiership, his biggest achievement was the Israeli withdrawal from Southern Lebanon, ending an 18-year old Israeli occupation of Southern Lebanon, occupation, while his government solidified relations with Ba'athist Syria. On 14 February 2005, Assassina ...
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Bahia Hariri
Bahia Hariri (; born 26 June 1952) is a Lebanese politician and sister of former Lebanese Prime Minister Rafik Hariri. Early life and education Bahia Hariri was born in Sidon, Lebanon, on 23 June 1952 to a Sunni Muslim family. Her two brothers are Shafic and Rafik Hariri. She graduated from the Teacher Training College in Sidon. Career Hariri worked as a teacher upon graduation in Sidon and southern Lebanon until 1979. She then headed the Hariri Foundation in Sidon, founded by her brother Rafik Hariri in 1979. The foundation is a major educational and charitable institution. In 1992, Hariri was elected as member of Parliament for the Sunni seat in Saida. She was reelected in 1996 and 2000 for the same seat. From July 2008 to November 2009 she was the minister of education. She was again elected to Parliament in June 2009. She headed the Parliamentary commission for education and culture in the Lebanese Parliament, in addition to being member of the Parliamentary commission for ...
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Bahaa Hariri
Bahaa El-Dine Rafic Al-Hariri (; born 26 April 1966) is a Lebanese-Saudi billionaire businessman. He is the eldest son of assassinated former Lebanese Prime Minister Rafic Hariri, from his father's first marriage with Nida Bustani, an Iraqi national. He is the brother of former Lebanese Prime Minister Saad Hariri. Since the start of the uprising in Lebanon in October 2019, Hariri has been vocal in his support of the protestors, speaking out about corruption in the political system and the failure of the state to support the people. He is currently listed at #1545 on Forbes' list of top billionaires. Early years Bahaa Hariri was born in Saudi Arabia on 26 April 1966. He holds a master's degree in business administration from Boston University. After completing his studies, he moved to work for his family Construction and Development company, Saudi Oger Ltd. Business activities In 2002, Hariri founded Horizon Group, a real estate holding company with investments in Lebanon, ...
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Saad Hariri
Saad El-Din Rafik Al-Hariri ( ; born 18 April 1970) is a Lebanese people, Lebanese businessman and politician who served as the Prime Minister of Lebanon, prime minister of Lebanon from 2009 to 2011 and 2016 to 2020. The son of Rafic Hariri, he founded and has been leading the Future Movement party since 2007. He is seen as "the strongest figurehead" of the March 14 Alliance. Hariri served as Prime Minister of Lebanon from 9 November 2009 to 13 June 2011. After three years living overseas, he returned to Lebanon on 8 August 2014 and served a second term as prime minister from 18 December 2016 to 21 January 2020. Hariri's surprise announcement of an intent to resign, broadcast on 4 November 2017 on Saudi state TV, has widely been seen as part of the Iran–Saudi Arabia proxy conflict in Lebanon, and triggered 2017 Lebanon–Saudi Arabia dispute, a dispute between Lebanon and Saudi Arabia. The resignation was later suspended, following President Michel Aoun's request to "put it on ...
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Ayman Hariri
Ayman Rafic Hariri (أيمن الحريري; born 16 May 1978) is a Lebanese billionaire businessman, the second-youngest son of tycoon Rafic Hariri. He is the CEO and co-founder of the social network Vero, and the former deputy CEO of Saudi Oger. Early life Ayman Hariri is the second-youngest son of Rafic Hariri. Born in Saudi Arabia, but at the age of two he moved to Lebanon, the birth place of his father. Ayman moved to Paris at age 12 to attend school.Breaking Away: Billionaire Ayman Hariri on Becoming A Tech Entrepreneur
''Forbes''. Retrieved 5 August 2020.
Following the path of his three half-brothers Bahaa, Saad and Houssam who were all college educated in the US, Hariri moved to the United States to study at
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Fahd Hariri
Fahd Hariri (born 1980/1981) is a Lebanese billionaire heir and property developer, the youngest son of Rafic Hariri. Early life Fahd Hariri was born in Riyadh, Saudi Arabia the youngest son of Rafic Hariri. In 2004, he graduated from the École Spéciale d'Architecture in Paris. Rafic Hariri was assassinated in a 2005 car bombing. Career Fahd Hariri is a Lebanese businessman primarily involved in the development of residential properties in Beirut. He also holds the position of president at the Har Investment Fund and serves as a member of the advisory council at Lutetia Capital SAS, based in Paris. In 2012, Fahd divested his shares in the family construction firm Saudi Oger to his brother, Saad Hariri, who went on to become Lebanon's prime minister until January 2020. Fahd's international investments have been meticulously planned by investment bankers, including Alex Knaster, a former Credit Suisse executive with ties to Mikhail Fridman, the co-founder of Alfa-Bank, one of R ...
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Hind Hariri
Hind Rafic al-Hariri (; born in 1984) is the youngest child of Lebanese businessman and politician Rafic Hariri. She graduated from the Lebanese American University in Beirut and campaigned for her half-brother Saad in Lebanese elections. In 2008, ''Forbes'' magazine listed her as "one of the world's youngest billionaires". In 2009, she married Mohammad Anas Al Karout. They had their first son, Mohammad in 2010, and in December 2011 they had their second son, Rafik. Controversy around the Lycée Abdel Kader high school. In November 2018, Hind Hariri was reported to be behind the controversial decision to relocate the historic Lycée Abdel Kader School. Hind Hariri allegedly put on sale the high school with the goal to construct a mall in its location. ''L'Orient Le Jour'', a Lebanese Francophone newspaper, reported that students, their parents and professors rejected the move in a protest in front of the school's main entrance. References 1984 births Living people Hin ...
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