Saudi Arabia and France sign economic MoUs worth over $18 billion

(L-R) Panel moderator Eric Chaney of the Institut Montaigne, Saudi Arabia's Minister of Commerce and Investment Dr Majed Al-Qasabi, Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, CEO of French oil giant Total Patrick Pouyanne and BNP Paribas Chairman Jean Lemierre attend the during the Saudi-France CEO Forum in Paris on April 10, 2018. (AFP)
Updated 11 April 2018
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Saudi Arabia and France sign economic MoUs worth over $18 billion

DUBAI: Twenty memorandum's of understanding (MoUs) in energy and transportation sectors worth over $18 billion were signed between France and Saudi Arabia on Monday, Saudi state-news channel Al-Ekhbariya reported.
The companies involved in the MoUs were Saudi Arabia’s SABIC and France’s Schneider Electric and Orange, as well as Saudi Arabia’s Nas Air and France’s Safran.
(Developing)


Trump says there could be a Gaza deal next week after Hamas gives ‘positive’ response

Updated 9 min 19 sec ago
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Trump says there could be a Gaza deal next week after Hamas gives ‘positive’ response

WASHINGTON: President Donald Trump said on Friday it was good that Hamas said it had responded in “a positive spirit” to a US-brokered Gaza ceasefire proposal.
He told reporters aboard Air Force One there could be a deal on a Gaza ceasefire by next week but that he had not been briefed on the current state of negotiations.

Hamas said Friday it has given a “positive” response to the latest proposal for a ceasefire in Gaza but said further talks were needed on implementation.
It was not clear if Hamas’ statement meant it had accepted the proposal from US President Donald Trump for a 60-day ceasefire. Hamas has been seeking guarantees that the initial truce would lead to a total end to the war, now nearly 21 months old. Trump has been pushing hard for a deal to be reached, and Israeli Prime Minister Benjamin Netanyahu is due to visit the White House next week to discuss a deal.
The Hamas statement came as Israeli airstrikes killed 15 Palestinians in Gaza early Friday, while a hospital said another 20 people died in shootings while seeking aid.
The UN human rights office said it has recorded 613 Palestinians killed within the span of a month in Gaza while trying to obtain aid. Most were killed while trying to reach food distribution points run by an Israeli-backed American organization, while others were massed waiting for aid trucks connected to the United Nations or other humanitarian organizations, it said.
Efforts ongoing to halt the war
Trump said Tuesday that Israel had agreed on terms for a 60-day ceasefire in Gaza, during which the US would “work with all parties to end the war.” He urged Hamas to accept the deal before conditions worsen.
In its statement late Friday, Hamas said it “has submitted its positive response” to Egyptian and Qatari mediators.
It said it is “fully prepared to immediately enter into a round of negotiations regarding the mechanism for implementing this framework.” It did not elaborate on what needed to be worked out in implementation.
A Hamas official said the ceasefire could start as early as next week but he said talks were needed first to work out how many Palestinian prisoners would be released in return for each freed Israeli hostage and to specify the amount of aid that will enter Gaza during the truce. Hamas has said it wants aid to flow in greater quantities through the United Nations and other humanitarian agencies. The official spoke on condition of anonymity because he wasn’t authorized to discuss the response with the press.
The official also said that negotiations would start from the first day of the truce on a permanent ceasefire and full withdrawal of Israeli troops from Gaza in return for the release of remaining hostages. He said that Trump has guaranteed that the truce will be extended beyond 60 days if needed for those negotiations to reach a deal. There has been no confirmation from the United States of such a guarantee.
Previous rounds of negotiations have run aground over Hamas demands of guarantees that further negotiations would lead to the war’s end, while Netanyahu has insisted Israel would resume fighting to ensure the destruction of the militant group.
“We’ll see what happens. We’re going to know over the next 24 hours,” Trump told reporters on Air Force One late Thursday when asked if Hamas had agreed to the latest framework for a ceasefire.
20 killed Friday while seeking aid
Officials at Nasser Hospital in Khan Younis said at least three Palestinians were killed Friday while on the roads heading to food distribution sites run by the Israeli-backed the Gaza Humanitarian Foundation in southern Gaza.
Since GHF began distributions in late May, witnesses have said almost daily that Israeli troops open fire toward crowds of Palestinians on the roads leading to the food centers. To reach the sites, people must walk several kilometers (miles) through an Israeli military zone where troops control the road.
The Israeli military has said previously it fires warning shots to control crowds or at Palestinians who approach its troops. The GHF has denied any serious injuries or deaths on its sites and says shootings outside their immediate vicinity are under the purview of Israel’s military.
On Friday, in reaction to the UN rights agency’s report, it said in a statement that it was investigating reports of people killed and wounded while seeking aid. It said it was working at “minimizing possible friction between the population” and Israeli forces, including by installing fences and placing signs on the routes.
Separately, witnesses have said Israeli troops open fire toward crowds of Palestinians who gather in military-controlled zones to wait for aid trucks entering Gaza for the UN or other aid organizations not associated with GHF.
On Friday, 17 people were killed waiting for trucks in eastern Khan Younis in the Tahliya area, officials at Nasser Hospital said.
Three survivors told the AP they had gone to wait for the trucks in a military “red zone” in Khan Younis and that troops opened fire from a tank and drones.
It was a “crowd of people, may God help them, who want to eat and live,” said Seddiq Abu Farhana, who was shot in the leg, forcing him to drop a bag of flour he had grabbed. “There was direct firing.”
Airstrikes also hit the Muwasi area on the southern end of Gaza’s Mediterranean coast, where hundreds of thousands of Palestinians driven from their homes are sheltering in tent camps. Of the 15 people killed in the strikes, eight were women and one was a child, according to the hospital.
Israel’s military said it was looking into Friday’s reported airstrikes. It had no immediate comment on the reported shootings surrounding the aid trucks.
UN investigates shootings near aid sites
The spokeswoman for the UN human rights office, Ravina Shamdasani, said the agency was not able to attribute responsibility for the killings. But she said “it is clear that the Israeli military has shelled and shot at Palestinians trying to reach the distribution points” operated by GHF.
In a message to The Associated Press, Shamdasani said that of the total tallied, 509 killings were “GHF-related,” meaning at or near its distribution sites.
In a statement Friday, GHF cast doubt on the casualty figures, accusing the UN of taking its casualty figures “directly from the Hamas-controlled Gaza Health Ministry”and of trying “to falsely smear our effort.”
Shamdasani, the UN rights office spokesperson, told the AP that the data “is based on our own information gathering through various reliable sources, including medical, human rights and humanitarian organizations.”
Rik Peeperkorn, representative of the World Health Organization, said Nasser Hospital, the biggest hospital operating in the south, receives dozens or hundreds of casualties every day, most coming from the vicinity of the food distribution sites.
The International Committee of the Red Cross also said in late June that its field hospital near one of the GHF sites has been overwhelmed more than 20 times in the previous months by mass casualties, most suffering gunshot injuries while on their way to the food distribution sites.
Also on Friday, Israel’s military said two soldiers were killed in combat in Gaza, one in the north and one in the south. Over 860 Israeli soldiers have been killed since the war began, including more than 400 during the fighting in Gaza.
The Israeli military also issued new evacuation orders Friday in northeast Khan Younis in southern Gaza and urged Palestinians to move west ahead of planned military operations against Hamas in the area. The new evacuation zones pushed Palestinians into increasingly smaller spaces by the coast.
The Health Ministry in Gaza said the number of Palestinians killed in the territory has passed 57,000. The ministry does not differentiate between civilians and combatants in its count, but says more than half of the dead are women and children. The ministry is run by medical professionals employed by the Hamas government, and its numbers are widely cited by the UN and international organizations.
The war began when Hamas-led militants attacked southern Israel, killing 1,200 people and taking roughly 250 hostages.
 


BRICS nations to denounce Trump tariffs for causing economic uncertainty

Updated 05 July 2025
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BRICS nations to denounce Trump tariffs for causing economic uncertainty

  • Emerging nations representing about half the world’s population and 40 percent of global economic output are set to unite over what they see as unfair US import tariffs
  • Since coming to office in January, Trump has threatened allies and rivals alike with a slew of punitive tariffs

RIO DE JANEIRO, Brazil: BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump’s hard-line trade policies, but are struggling to bridge divides over crises roiling the Middle East.
Emerging nations representing about half the world’s population and 40 percent of global economic output are set to unite over what they see as unfair US import tariffs, according to sources familiar with summit negotiations.
Since coming to office in January, Trump has threatened allies and rivals alike with a slew of punitive tariffs.
His latest salvo comes in the form of letters due to be sent starting Friday informing trading partners of new tariff rates expected next week on July 9.
Diplomats from 11 emerging nations, including Brazil, Russia, India, China and South Africa, have been busy drafting a statement condemning the economic uncertainty.
Any final summit declaration is not expected to mention the United States or its president by name. But it is expected to be a clear political shot directed at Washington.
“We’re anticipating a summit with a cautious tone: it will be difficult to mention the United States by name in the final declaration,” Marta Fernandez, director of the BRICS Policy Center at Rio’s Pontifical Catholic University said.
This is particularly the case for China, which has only recently negotiated with the US to lower steep tit-for-tat levies.
“This doesn’t seem to be the right time to provoke further friction” between the world’s two leading economies, Fernandez said.

China leader to skip annual meeting

Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be seen as a Chinese-driven counterbalance to Western power.
But the summit’s political punch will be depleted by the absence of China’s Xi Jinping, who is skipping the annual meeting for the first time in his 12 years as president.
“I expect there will be speculation about the reasons for Xi’s absence,” said Ryan Hass, a former China director at the US National Security Council who is now with the Brookings Institution think tank.
“The simplest explanation may hold the most explanatory power. Xi recently hosted Lula in Beijing,” said Hass.
The Chinese leader will not be the only notable absentee. War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin.
Hass said Putin’s non-attendance and the fact that India’s prime minister will be a guest of honor in Brazil could also be factors in Xi’s absence.
“Xi does not want to appear upstaged by Modi,” who will receive a state lunch, he said.
“I expect Xi’s decision to delegate attendance to Premier Li (Qiang) rests amidst these factors.”
Still, the Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage.
In the year to November 2025, Brazil will have hosted a G20 summit, a BRICS summit, and COP30 international climate talks, all before heading into fiercely contested presidential elections next year, in which he is expected to run.

No consensus on response to Gaza, Iran wars
Iran’s President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel is also skipping the meeting.
A source familiar with the negotiations said the BRICS countries were still in disagreement over how to respond to the wars in Gaza and between Iran and Israel.
Iranian negotiators are pushing for a tougher collective stance that goes beyond referencing the need for the creation of a Palestinian state and for disputes to be resolved peacefully.
Artificial intelligence and health will also be on the agenda at the summit.
Original members of the bloc Brazil, Russia, India, and China have been joined by South Africa and, more recently, by Iran, the United Arab Emirates, Egypt, Ethiopia and Indonesia.
Analysts say that it has given the grouping more potential international punch.
But it has also opened many new fault lines.
Brazil hopes that countries can take a common stand at the summit, including on the most sensitive issues.
“BRICS (countries), throughout their history, have managed to speak with one voice on major international issues, and there’s no reason why that shouldn’t be the case this time on the subject of the Middle East,” Brazil’s Foreign Minister Mauro Vieira told AFP.
 


End to war in Gaza ‘is Saudi Arabia’s priority’: FM Prince Faisal

Updated 05 July 2025
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End to war in Gaza ‘is Saudi Arabia’s priority’: FM Prince Faisal

  • Says Israeli crushing of civilians ‘completely unacceptable and has to stop’

GAZA: A permanent ceasefire and an end to the war in Gaza are Saudi Arabia’s current priority, the Kingdom’s foreign minister said on Friday.

Prince Faisal bin Farhan was speaking on a visit to Moscow, where he was asked about the possibility of Saudi Arabia normalizing ties with Israel. 

The Kingdom’s main aim was peace in the Palestinian enclave, he said. “What we are seeing is the Israelis are crushing Gaza, the civilian population of Gaza. This is completely unnecessary, completely unacceptable, and has to stop.”

 

 

In 2024, the foreign minister said that there can be no normalization of ties with Israel without resolving the Palestinian issue.

US President Donald Trump said he expected Hamas to respond to his “final proposal” for a ceasefire in Gaza in the next 24 hours. 

Hamas said it was still studying the plan and consulting other Palestinian factions. 

The militant group is demanding guarantees that talks to end the war would take place during the proposed 60-day ceasefire, and that the pause in fighting would be extended until both sides came to terms.

At least 20 Palestinians were killed early on Friday in Israeli airstrikes in Gaza, 15 in an attack on a tent city for displaced people near Khan Younis in the south and the other five in Jabaliya in the north.

At funeral prayers for the dead in Khan Younis, Mayar Al-Farr, 13, wept over the body of her brother Mahmoud. “The ceasefire will come, and I have lost my brother? There should have been a ceasefire long before I lost my brother,” she said.

Adlar Mouamar, whose nephew Ashraf was also killed, said: “Our hearts are broken. We ask the world, we don’t want food ... we want them to end the bloodshed. We want them to stop this war.”

The local health ministry in Gaza says more than 57,000 Palestinians have been killed in Israel’s assault on the region since an October 7 attack on Israel by the Palestinian Islamist group Hamas.

According to Israel, 1,200 people were killed in that attack and more than 250 taken hostage into Gaza. 

 

 

 


 


PSG ‘dead’ unless they keep improving: Luis Enrique

Updated 05 July 2025
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PSG ‘dead’ unless they keep improving: Luis Enrique

  • PSG played an entertaining attacking style with three forward on their way to Champions League glory

ATLANTA: Paris Saint-Germain coach Luis Enrique said Friday his team will keep adapting and improving to pursue future success and if they failed to do so they would be “dead.”
The European champions face German giants Bayern Munich on Saturday in the Club World Cup quarter-finals in Atlanta and the Spanish coach said they will not keep relying on the same system.
PSG played an entertaining attacking style with three forward on their way to Champions League glory, but Luis Enrique said one day he would diverge.
“We will change it because teams adapt — in football there is nothing magical,” Luis Enrique told reporters.
“When you overcome the press, your opponent adapts, when you create superiority in an area, your opponent adapts, there is no magic formula.
“There is no coach who has a system or a move, and that’s it, that’s the difficulty of modern football, all coaches are prepared, all players are better physically and technically than ever.”
“So you adapt, you improvise, and you become unpredictable for your opponent, or you are dead.”
Luis Enrique said playing the same way that led PSG to a first treble this season would not suffice going forward.
“It’s not enough to do what we’ve done this past season in the next, we have to change, we have to improve things,” added Luis Enrique.
Bayern Munich beat PSG 1-0 in November in the Champions League group stage, before the French side found their stride and went on to triumph in the competition for the first time.
“We have a little bit of revenge to take, we know they’re a tough team, but we’re much stronger than in November,” said Ousmane Dembele, who was sent off in Munich.
“A lot has changed — the players have clearly raised their level, I’ve raised my level too, and we have a lot of confidence. We know what we need to do on the field, we can beat any team.”
The 28-year-old is a leading Ballon d’Or contender after a superb campaign, although has only made a brief cameo as a substitute in the Club World Cup thus far.
Dembele suffered a quadriceps injury during the Nations League at the start of June and came on in PSG’s 4-0 romp against Lionel Messi’s Inter Miami.
The forward said he is now “100 percent” fit but it is up to Luis Enrique whether he starts against Bayern at the Mercedes-Benz Stadium.
“It’s not the time to give information to my opponent — we’ll see tomorrow,” said Luis Enrique.


Ukraine blames Russian strike for power cut to Zaporizhzhia nuclear plant

Updated 05 July 2025
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Ukraine blames Russian strike for power cut to Zaporizhzhia nuclear plant

  • Ukrainian minister says Russian shelling caused the outage
  • Ukrainian energy distribution company says it restored power

VIENNA: All external power lines supplying electricity to the Russian-occupied Zaporizhzhia Nuclear Power Plant in Ukraine were down for several hours on Friday, the UN nuclear watchdog said, but the station’s management later said power had been restored.
The head of the International Atomic Energy Agency, Rafael Grossi, acknowledged that power had been restored after 3 1/2 hours. But he added in a statement on X that nuclear safety “remains extremely precarious in Ukraine.”
Ukraine’s energy minister blamed Russian shelling for severing the last power line to the plant and its six reactors. The country’s power distribution operator said its technicians had taken action to restore it.
Europe’s biggest nuclear power plant, which is not operating but still requires power to keep its nuclear fuel cool, switched during the outage to running on diesel generators, the IAEA said.
The organization has repeatedly warned of the risk of a catastrophic accident at Zaporizhzhia, which is located near the front line in the war in Ukraine. Its reactors are shut down, but the nuclear fuel inside them still needs to be cooled, which requires constant power.
The plant’s Russia-installed management issued a statement on Telegram saying the high-voltage line to the plant had been restored.
The statement said there had been no disruptions to operations at the plant, no violations of security procedures and no rise in background radiation levels beyond normal levels.
The IAEA had earlier said that the plant had lost all off-site power for the ninth time during the military conflict and for the first time since late 2023. “The ZNPP currently relies on power from its emergency diesel generators, underlining (the) extremely precarious nuclear safety situation,” it said.
Ukrainian Energy Minister German Galuschenko wrote on Telegram that a Russian strike had cut off the plant.
“The enemy struck the power line connecting the temporarily occupied (Zaporizhzhia Nuclear Plant) with the integrated power system of Ukraine.”
Ukrenergo, the sole operator of high-voltage lines in Ukraine, said its specialists had brought it back into service.
“Ukrenergo specialists have brought back into service the high-voltage line which supplies the temporarily occupied power station,” it said on Telegram.
Neither the IAEA nor the plant’s Russian-installed management initially cited a cause for the cut-off. Russian forces seized the Zaporizhzhia station in the first weeks of Russia’s February 2022 invasion of Ukraine. Each side regularly accuses the other of firing or taking other actions that could trigger a nuclear accident.