Thought leaders meet in UAE for Milken Institute economic summit

Michael Milken
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Updated 11 February 2020
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Thought leaders meet in UAE for Milken Institute economic summit

  • Over two days there will be discussion panels on renewable energy, the new age of consumerism, and the future of banking

DUBAI: Thought leaders and decision-makers will meet in Abu Dhabi on Tuesday to thrash out solutions to some of the world’s most pressing challenges.

More than 1,000 business executives, investors, government officials and philanthropists will discuss trade, capital markets, financial inclusion, food security, job creation and gender parity at the Milken Institute’s 2020 Middle East and Africa Summit.

Over two days there will be discussion panels on renewable energy, the new age of consumerism, the future of banking, the convergence of big tech and national security, workforce development and entrepreneurial investment.

Speakers include Mariam Almheiri, UAE minister of state for food security; Paul Ryan, the former US House of Representatives Speaker; Dina Powell of Goldman Sachs; Raymond Dalio of Bridgewater Associates; and Mohammed Al-Shaya of AlShaya Group.

SPEEDREAD

More than 1,000 business executives, investors, government officials and philanthropists will discuss trade, capital markets, financial inclusion, food security, job creation and gender parity at the Milken Institute’s 2020 Middle East and Africa Summit.

Michael Milken, chairman of the Milken Institute, an economic think tank in California, will take part in discussions with Khaldoon Al-Mubarak, head of the Mubadala Investment Company, and Rajeev Misra, chief executive of SoftBank Investment Advisers.

Summit delegates will review the Global Opportunity Index report, a Milken Institute annual assessment of the Gulf Cooperation Council (GCC) countries’ development in 2019.

The report considers economic and financial factors that influence foreign investment activities, as well as business, legal and regulatory policies that governments use to drive investment. It also compares the Gulf states’ performance with those of upper-middle-income countries, and their performance on economic fundamentals, financial services, business perception, institutional framework, and international standards and policy.

 


Lebanon hopes for neighborly relations in first message to new Syria government

Updated 26 December 2024
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Lebanon hopes for neighborly relations in first message to new Syria government

  • Lebanon’s Iran-backed Hezbollah played a major part propping up Syria’s ousted President Bashar Assad through years of war
  • Syria’s new Islamist de-facto leader Ahmed Al-Sharaa is seeking to establish relations with Arab and Western leaders

DUBAI: Lebanon said on Thursday it was looking forward to having the best neighborly relations with Syria, in its first official message to the new administration in Damascus.
Lebanese Foreign Minister Abdallah Bou Habib passed the message to his Syrian counterpart, Asaad Hassan Al-Shibani, in a phone call, the Lebanese Foreign Ministry said on X.
Lebanon’s Iran-backed Hezbollah played a major part propping up Syria’s ousted President Bashar Assad through years of war, before bringing its fighters back to Lebanon over the last year to fight in a bruising war with Israel – a redeployment which weakened Syrian government lines.
Under Assad, Hezbollah used Syria to bring in weapons and other military equipment from Iran, through Iraq and Syria and into Lebanon. But on Dec. 6, anti-Assad fighters seized the border with Iraq and cut off that route, and two days later, Islamist militants captured the capital Damascus.
Syria’s new Islamist de-facto leader Ahmed Al-Sharaa is seeking to establish relations with Arab and Western leaders after toppling Assad.


Iraqi intelligence chief discusses border security with new Syrian administration

Updated 26 December 2024
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Iraqi intelligence chief discusses border security with new Syrian administration

BAGHDAD: An Iraqi delegation met with Syria’s new rulers in Damascus on Thursday, an Iraqi government spokesman said, the latest diplomatic outreach more than two weeks after the fall of Bashar Assad’s rule.
The delegation, led by Iraqi intelligence chief Hamid Al-Shatri, “met with the new Syrian administration,” government spokesman Bassem Al-Awadi told state media, adding that the parties discussed “the developments in the Syrian arena, and security and stability needs on the two countries’ shared border.”


Israeli minister’s Al-Aqsa mosque visit sparks condemnation

Updated 26 December 2024
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Israeli minister’s Al-Aqsa mosque visit sparks condemnation

  • Ben Gvir has repeatedly defied the Israeli government’s longstanding ban on Jewish prayer at the site in Israeli-annexed east Jerusalem

JERUSALEM: Israel’s National Security Minister Itamar Ben Gvir visited Jerusalem’s Al-Aqsa mosque compound on Thursday, triggering angry reactions from the Palestinian Authority and Jordan accusing the far-right politician of a deliberate provocation.

Ben Gvir has repeatedly defied the Israeli government’s longstanding ban on Jewish prayer at the site in Israeli-annexed east Jerusalem, which is revered by both Muslims and Jews and has been a focal point of tensions in the Israeli-Palestinian conflict.

“I went up to the site of our temple this morning to pray for the peace of our soldiers, the swift return of all hostages and a total victory, God willing,” Ben Gvir said in a message on social media platform X, referring to the Gaza war and the dozens of Israeli captives held in the Palestinian territory.

He also posted a photo of himself on the holy site, with members of the Israeli security forces and the famed golden Dome of the Rock in the background.

The Al-Aqsa compound in Jerusalem’s Old City is Islam’s third-holiest site and a symbol of Palestinian national identity.

Known to Jews as the Temple Mount, it is also Judaism’s holiest place, revered as the site of the second temple destroyed by the Romans in 70 AD.

Under the status quo maintained by Israel, which has occupied east Jerusalem and its Old City since 1967, Jews and other non-Muslims are allowed to visit the compound during specified hours, but they are not permitted to pray there or display religious symbols.

Palestinians claim east Jerusalem as their future capital, while Israeli leaders have insisted that the entire city is their “undivided” capital.

The Palestinian Authority’s foreign ministry said in a statement that it “condemns” Ben Gvir’s latest visit, calling his prayer at the site a “provocation to millions of Palestinians and Muslims.”

Jordan, which administers the mosque compound, similarly condemned what its foreign ministry called Ben Gvir’s “provocative and unacceptable” actions.

The ministry’s statement decried a “violation of the historical and legal status quo.”

The office of Israeli Prime Minister Benjamin Netanyahu said in a brief statement that “the status quo on the Temple Mount has not changed.”


UN force sounds alarm over Israeli ‘destruction’ in south Lebanon

Updated 26 December 2024
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UN force sounds alarm over Israeli ‘destruction’ in south Lebanon

  • Under the ceasefire agreement, UNIFIL peacekeepers and the Lebanese army were to redeploy in south Lebanon, near the Israeli border, as Israeli forces withdrew over 60 days

BEIRUT: The United Nations’ peacekeeping force in Lebanon expressed concern on Thursday at the “continuing” damage done by Israeli forces in the country’s south despite a ceasefire in the war with Hezbollah.
The truce went into effect on November 27, about two months after Israel stepped up its bombing campaign and later sent troops into Lebanon following nearly a year of exchanges of cross-border fire initiated by Hezbollah over the war in Gaza.
The warring sides have since traded accusations of violating the truce.
Under the ceasefire agreement, UNIFIL peacekeepers and the Lebanese army were to redeploy in south Lebanon, near the Israeli border, as Israeli forces withdrew over 60 days.
UNIFIL said in a statement on Thursday that “there is concern at continuing destruction by the IDF (army) in residential areas, agricultural land and road networks in south Lebanon.”
The statement added that “this is in violation of Resolution 1701,” which was adopted by the UN Security Council and ended the last Israel-Hezbollah war of 2006.
The UN force also reiterated its call for “the timely withdrawal” of Israeli troops from Lebanon, and “the full implementation of Resolution 1701.”
The resolution states that Lebanese troops and UN peacekeepers should be the only forces in south Lebanon, where Hezbollah exerts control, and also calls for Israeli troops to withdraw from Lebanese territory.
“Any actions that risk the fragile cessation of hostilities must cease,” UNIFIL said.
On Monday the force had urged “accelerated progress” in the Israeli military’s withdrawal.
Lebanon’s official National News Agency (NNA) reported on Thursday “extensive” operations by Israeli forces in the south.
It said residents of Qantara fled to a nearby village “following an incursion by Israeli enemy forces into their town.”
On Wednesday the NNA said Israeli aircraft struck the eastern Baalbek region, far from the border.


Syria forces carry out operation against pro-Assad ‘militias’: state media

Updated 26 December 2024
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Syria forces carry out operation against pro-Assad ‘militias’: state media

  • Operation had already succeeded in ‘neutralizing a certain number’ of armed men loyal to Assad

DUBAI: The new Syrian military administration announced on Thursday that it was launching a security operation in Tartous province, according to the Syrian state news agency.

The operation aims to maintain security in the region and target remnants of the Assad regime still operating in the area.

The announcement marks a significant move by the new administration as it consolidates its authority in the coastal province.

The operation had already succeeded in “neutralizing a certain number” of armed men loyal to toppled president Bashar Assad, state news agency SANA reported said.

The Syrian Observatory for Human Rights monitor has reported several arrests in connection with Wednesday’s clashes.

Further details about the scope or duration of the operation have not yet been disclosed.