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)


Pakistan PM urges efforts for economic, political stability as opposition plans anti-government protest

Updated 23 sec ago
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Pakistan PM urges efforts for economic, political stability as opposition plans anti-government protest

  • Pakistan Tehreek-e-Insaf has announced it will lead ‘long march’ to Islamabad on Sunday
  • PM says all parties have to decide whether to hold protests or work for economic progress 

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday called for prioritizing economic and political stability over “sit-ins and long marches,” in a veiled reference to the opposition Pakistan Tehreek-e-Insaf (PTI) party, which has announced it will hold an anti-government protest in Islamabad on Nov. 24. 

PTI announced last week it would lead a ‘long march’ to the capital on Sunday over alleged rigging in Feb. 8 general elections and to call for the release of political prisoners, including jailed founder ex-Prime Minister Imran Khan, and in support of the independence of the judiciary. Recent protests by the party have seen clashes between police and supporters and led to the government shutting down cities and main highways to keep crowds from gathering. The government also imposed a two-month ban on public gatherings in Islamabad on Monday. 

The PTI, arguably the country’s most popular party, has a history of drawing huge crowds to rallies.

“The country’s progress and prosperity, stability of economy, and political stability are interlinked with each other, and without it no society can move ahead,” Sharif said as he addressed the National Action Plan’s apex committee meeting in Islamabad, attended by his cabinet, provincial chief ministers and the three armed services chiefs. 

“It is imperative for progress and prosperity that there needs to be economic and political stability, and you all have to play a role for it,” he said,. “We have to decide whether to hold dharnas, long marches, or work for the progress and prosperity [of the country]. It is all up to us.”

The meeting had been called to discuss a rise in militant attacks in recent months, particularly in Pakistan’s northwestern Khyber Pakhtunkhwa and southwestern Balochistan provinces. Attacks in KP are mostly claimed by Tehreek-e Taliban Pakistan (TTP) militants while Balochistan has been plagued by a worsening separatist insurgency by ethnic militants.

“If we want to advance national development, national unity, political unity, then it is connected to the elimination of terrorism, without it, nothing will advance. I think that this is the biggest challenge of Pakistan today,” Sharif said. 

“So for me, as the head of this country, for you [army chief], as the head of the army, we have no choice but to first crush terrorism. After that, it is about economy, it is about production, employment and prosperity.”

Analysts say the government is lacking a “holistic approach” to address rising ethnic militancy and political violence in the country and achieve economic stability.

“Amid political polarization, ethnic militancy in KP and Balochistan provinces is emerging as a new challenge for Pakistan that needs to be addressed through a comprehensive approach and with the support of all segments of the society,” Dr. Qamar Cheema, executive-director at Sanober Institute in Islamabad, told Arab News.

Tahir Malik, a political analyst and professor at the National University of Modern Languages in Islamabad, said the government should open dialogue with the PTI to find a political solution to all problems, 

“The prime minister should walk the talk to achieve political and economic stability by engaging the opposition in constructive dialogue ahead of the planned PTI protest,” Malik said. 


Argentina withdraws from UN peacekeeping mission in Lebanon

Updated 17 min 30 sec ago
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Argentina withdraws from UN peacekeeping mission in Lebanon

  • “Argentina has asked its officers to go back (to Argentina),” UNIFIL spokesperson Andrea Tenenti said
  • He declined to comment on the reason for their departure, referring the question to Argentina’s government

GENEVA: Argentina has notified the UN peacekeeping mission in Lebanon of its withdrawal from the force, a UNIFIL spokesperson said on Tuesday, in the first sign of cracks in the unity of the mission following attacks it has blamed on Israel.
The 10,000-strong peacekeeping mission known as UNIFIL is deployed in southern Lebanon to monitor the demarcation line with Israel, an area where there have been hostilities between Israeli troops and Iran-backed Hezbollah fighters for over a year.
“Argentina has asked its officers to go back (to Argentina),” UNIFIL spokesperson Andrea Tenenti said in response to a question about a newspaper report.
He declined to comment on the reason for their departure, referring the question to Argentina’s government.
Argentina is one of 48 countries contributing peacekeepers to UNIFIL, with a total of three staff currently in Lebanon, a UN website showed. It did not immediately respond to Tenenti’s comments.
UNIFIL has previously referred to “unacceptable pressures being exerted on the mission through various channels.”
Peacekeepers have refused to leave their posts despite more than 20 injuries in the past two months and damage to facilities which UNIFIL blames on the Israeli military.
Israel has denied such incidents are deliberate attacks. Israel says UN troops provide a human shield for Hezbollah fighters and has told UNIFIL to evacuate from southern Lebanon for its own safety — a request that the force has rejected.
Tenenti said there was no broader indication of declining support for the mission.
“The idea is to stay. So there is no discussion of withdrawing at all,” he said.
He said that its monitoring activities were “very, very limited” because of the Israel-Hezbollah conflict and repairs to some of its facilities.
“We’re still working on fixing some of the positions, but this has been definitely a very difficult moment, because we’ve been deliberately attacked by the IDF (Israeli Defense Force) in recent months, and we’re doing our utmost to rebuild the areas,” he said.
Israel’s military did not immediately comment on Tenenti’s remarks.


Italy says Hezbollah staged UN base attack it had blamed on Israel

UNIFIL vehicles ride along a street in Marjayoun, near the border with Israel, southern Lebanon November 19, 2024. (Reuters)
Updated 18 min 54 sec ago
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Italy says Hezbollah staged UN base attack it had blamed on Israel

  • The UNIFIL force has complained of increasing attacks since Israel started its campaign targeting Hezbollah in Lebanon

BEIRUT: Italy’s defense minister said Tuesday that the Hezbollah group staged an attack on a UN peacekeeping base in Lebanon that it initially blamed on Israel.
Defense Minister Guido Crosetto had said in Brussels that Israeli forces staged the new attack on the UN base in the Lebanese town of Chamaa. But a defense ministry source said that Crosetto “did not have the right information” when he spoke. “Hezbollah was responsible for the attack,” the source told AFP.
The UNIFIL force has complained of increasing attacks since Israel started its campaign targeting Hezbollah in Lebanon.

Israeli attacks have killed at least 3,544 people and wounded 15,036 in Lebanon since October 2023, with 28 fatalities reported on Monday, the Lebanese health ministry said in a statement on Tuesday.


Seven cops abducted by armed gunmen in northwest Pakistan released — police

Updated 19 November 2024
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Seven cops abducted by armed gunmen in northwest Pakistan released — police

  • Policemen were abducted by dozens of armed gunmen from Bannu district on Monday, police said
  • Over 82 policemen have been killed in attacks, ambushes, targeted killings in northwest this year

PESHAWAR: Seven policemen abducted from a check post on Monday in northwest Pakistan have been recovered through the efforts of local tribal elders and a massive search operation by police in the unforgiving mountainous terrain, officials said on Tuesday.

Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province has seen a rise in militant attacks in recent months, which Islamabad says are mostly carried out by Afghan nationals and their facilitators and by Tehreek-e Taliban Pakistan (TTP) and other militant groups who cross over into Pakistan using safe haven in Afghanistan. The Taliban government in Kabul denies the charges, saying Pakistan’s security challenges are a domestic issue.

Over 82 policemen have been killed in attacks, ambushes and targeted killings in KP this year, according to official data.

Speaking to Arab News on Tuesday, Ziauddin Ahmed, the District Police Officer (DPO) for Bannu district where the abduction happened, said all seven abductees had been released and were in police custody. 

“Police carried out a search operation to locate the abducted officials but their release was secured following hectic efforts by local elders,” Ahmed said, without giving more details of the rescue operation. 

No group has as yet claimed responsibility for the kidnapping. 

Noorzad Khan, a police officer in Bannu, said dozens of well-armed militants on Monday forced their way inside the Rocha check post in the jurisdiction of Utmanzi police station, a region on the edge with the restive North Waziristan tribal district, long a haven for Taliban and other militants. 

The gunmen were able to get away with all the weapons and equipment at the checkpoint. 

“The attackers besieged the check post and then held the policemen hostage at gunpoint,” Khan said, confirming the return of the seven officers. 

The TTP is separate from the Afghan Taliban movement, but pledges loyalty to the Islamist group that now rules Afghanistan after US-led international forces withdrew in 2021.

Islamabad says TTP uses Afghanistan as a base and that the ruling Taliban administration has provided safe havens to the group close to the border. The Taliban deny this.


Climate change is a key driver of worldwide hunger, according to IFAD

Updated 54 min 8 sec ago
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Climate change is a key driver of worldwide hunger, according to IFAD

  • IFAD President Alvaro Lario: Food security is intertwined with the current extreme weather events, as it has impacted the world
  • Saudi Arabia has contributed over $536 million to IFAD since it started and is among the top 10 donors

BAKU: Climate change is dangerously impacting crops and driving worldwide hunger, according to the head of the International Fund of Agricultural Development.

“Food security is intertwined with the current extreme weather events, as it has impacted the world,” IFAD President Alvaro Lario said in an interview with Arab News on the sidelines of the COP29 UN climate conference in Baku, Azerbaijan.

IFAD reported that in 2023, about 735 million people suffered from hunger caused by climate change.

In addition, unusual rainfalls, according to IFAD, caused a decrease in wheat production and food quality in Europe.

Floods and heat waves caused damage to orange crops in Brazil. In Southern Africa, above-average temperatures led to below-average maize harvests, and in parts of West Africa, erratic rains affected cocoa production and cut output by half.

“We are seeing a lot of the crops are fully being impacted in Brazil, which has been hit by a historic drought, or in Ghana, for example, where there has not been enough rain, cutting the cocoa production by half.”

The IFAD is a UN specialized agency as well as a development finance institution. The organization provides concessional funds and grants to countries and invests in the private sector.

The organization’s key focus is to provide livelihoods and raise income as well as production in low- and middle-income countries.

“Our biggest investments are in the Sub-Saharan region. Fifty-five percent of our funding goes to Sub-Saharan Africa, and up to 60 percent into Africa. But we also operate in the Middle East, Asia, and Latin America. We are currently investing in 90 countries,” said Lario.

The Kingdom of Saudi Arabia is one of the main contributors to IFAD. According to the organization, Saudi Arabia has contributed over $536 million to IFAD since it started and is among the top 10 donors.

In the last 10 years alone, the Kingdom has contributed a total of $96.6 million.

IFAD implemented the first phase of a project to support coffee and mango farmers in the Jazan region.

From 2018 to 2023, the project established 50 model coffee farms and five mango farms in the region, which benefited nearly 30,000 smallholder farmers, according to IFAD.

Furthermore, the project adopted strategic plans through a group of development solutions and pillars that include agricultural sustainability and innovation.

“Small-state islands are among the most vulnerable (to climate change),” said Lario. “We are seeing that sea levels are rising. They are also suffering from hurricanes and long droughts. They suffer from access to potable drinking water.”

Strategies to address the problem and implement adequate solutions have been developed by IFAD according to each country’s climate situation.

“For IFAD, we do have strategies on how we work and how we design our projects. All the strategies are to promote sustainable food systems, also to increase rural non-farm crops, so they can also diversify their income.”

One of the programs the organization is working on is in Belize, in Central America, for heat-tolerant and drought-resistant crops such as maize or beans. Another project involves mixing trees with crops that provide shade to conserve water and combat the rising temperatures in Cuba.