BEIRUT: Israeli raids hit warehouses storing weapons for the Lebanese Hezbollah group in Syria Tuesday, a war monitor said, as a Syrian military source said air defenses had intercepted several missiles.
Israel has launched hundreds of air strikes in Syria since civil war broke out in 2011, targeting Iran-backed forces including Hezbollah as well as Syrian army positions.
The strikes have increased since Israel’s war with Palestinian militant group Hamas, a Hezbollah ally, began on October 7.
The Syrian Observatory for Human Rights said the latest strikes near the capital Damascus Tuesday had destroyed weapons and ammunition, causing secondary explosions and fires.
A military source quoted by Syrian state media said Israeli “air aggression” had targeted several military positions near Damascus.
“Our air defenses took action and shot down several missiles,” the source added.
The Britain-based Observatory said it was the second such strike in two days, coming after raids on Sunday hit another Hezbollah weapons depot and a separate site near Damascus.
Earlier this month, an Israeli strike reportedly killed an Iranian Revolutionary Guard and two other people in Banias on Syria’s Mediterranean coast.
The Israeli army said last week it had hit about 4,500 Hezbollah targets in Lebanon and Syria over the past five months.
Israel rarely comments on individual strikes but has repeatedly said it will not allow Iran to expand its presence in Syria.
Israel hits Hezbollah arms depots in Syria: war monitor
https://arab.news/wk926
Israel hits Hezbollah arms depots in Syria: war monitor
- Strikes have increased since Israel’s war with Palestinian militant group Hamas, a Hezbollah ally, began on October 7
Kuwait authorizes Investment Authority to borrow abroad, central bank to borrow domestically
- Law allows the government to issue financial instruments with maturities of up to 50 years
KUWAIT CITY: Kuwait’s minister of finance has authorized the country’s Investment Authority to carry out foreign borrowing operations and the Central Bank of Kuwait to conduct domestic borrowing operations on behalf of the ministry.
In March, Kuwait issued a decree law on public debt that outlined a framework for managing public borrowing, as the country prepares to return to global debt markets for the first time in eight years.
The law allows the government to issue financial instruments with maturities of up to 50 years and sets a ceiling for public debt at 30 billion Kuwaiti dinars ($97.9 billion), or its equivalent, in major convertible foreign currencies, said a statement on the official gazette.
Article 1 of the decision, signed by Finance Minister Noura Al-Fusam, authorizes the Central Bank of Kuwait, on behalf of the Ministry of Finance and “in coordination and consultation” with it, to carry out borrowing operations in Kuwaiti dinars or major convertible foreign currencies within the state “in accordance with recognized financial instruments and methods.”
Article 2 authorizes the Kuwait Investment Authority, on behalf of the Ministry of Finance and “in coordination and consultation” with it, to carry out borrowing operations in major convertible foreign currencies in global markets “in accordance with recognized financial instruments and methods.”
The last time Kuwait issued bonds was in 2017.
Pakistan, Uzbekistan hope to finalize framework agreement for 573-km railway line via Afghanistan
- The $4.8 billion project aims to enhance regional trade and logistics movement by connecting the three countries
- It is part of Pakistan’s efforts to position itself as a key transit hub, connecting landlocked Central Asia to the world
ISLAMABAD: Pakistan’s Foreign Minister Ishaq Dar on Sunday discussed the Uzbekistan-Afghanistan-Pakistan (UAP) railway line project with his Uzbek counterpart Saidov Bakhtiyor Odilovich, the Pakistani foreign ministry said, adding the two figures expressed hope the project’s framework agreement would be completed soon.
The $4.8 billion Uzbekistan–Afghanistan–Pakistan railway line is an extensive project with the objective of creating a direct railway link between Uzbekistan and Pakistan, passing through Afghanistan’s territory.
It aims to enhance trade and logistics efficiency by establishing a 573-kilometer rail connection that would connect Termiz in Uzbekistan to the northwestern Pakistani city of Peshawar via Afghanistan’s Mazar-i-Sharif.
The project is part of Pakistan’s efforts to position itself as a key trade and transit hub, connecting landlocked Central Asian states to the global market through its strategic location.
“Foreign Minister Senator Mohammad Ishaq Dar today held a telephone conversation with the Foreign Minister of the Republic of Uzbekistan, Saidov Bakhtiyor Odilovich. The two leaders discussed existing bilateral relations, particularly Uzbekistan-Afghanistan-Pakistan (UAP) Railway Line Project,” the Pakistani foreign office said.
“They expressed the hope that framework agreement for the regional connectivity project will be finalized soon. Views were also exchanged on current regional situation.”
The three neighboring countries signed an agreement to build the regional connectivity project in February 2021. Dar also visited Afghanistan in April this year and discussed the project with the Afghan Taliban rulers in Kabul.
Pakistan is seeking to leverage its strategic position as a key trade and transit hub to connect Central Asia with global markets and since last year, there has been a flurry of high-level visits, investment discussions and other economic engagements between Islamabad and Central Asian republics.
Pakistan and Uzbekistan have also been working toward optimizing cargo flows, establishing green corridors at border customs points, and digitalization of customs clearance processes to facilitate smoother trade operations.
Man killed by automatic gunfire in French city of Dijon
- The police criminal investigation unit determined the shooter
- The southern Chenove district where the killing occurred was known for drug trafficking
LYON: A 29-year-old man was fatally shot overnight in the eastern French city of Dijon, the local prosecutor said on Sunday, adding that a gangland killing was suspected.
The southern Chenove district where the killing occurred was known for drug trafficking, the prosecutor, Olivier Caracotch, said in a statement.
“A dozen shell casings used by an automatic weapon” were found in the street where the killing took place, he said.
Nearby vehicles and a third-floor apartment were hit by some of the shots, but there were no other casualties, he said.
The police criminal investigation unit determined the shooter had approached a group that included the victim around midnight, opened fire, then escaped by car, Caracotch said.
The man killed lived in the city and had no police record for drug-related crimes, he said, adding that the investigation opened was for organized gang murder and criminal association.
Pakistan allocates 2,000MW for bitcoin mining, AI data centers in digital transformation push
- Pakistan offers a strategic location in the world for data flow and digital infrastructure as a digital bridge between Asia, Europe, and the Middle East
- The country is positioning itself as a sovereign economy that can accumulate digital assets, export digital services, and lead in technological transformation
KARACHI: The Pakistani government has allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and Artificial Intelligence (AI) data centers, the finance ministry announced on Sunday, in a push to transform Pakistan into a global leader in digital innovation.
The initiative is spearheaded by the Pakistan Crypto Council (PCC), a government-backed body under the Ministry of Finance, as part of a broader strategy to monetize surplus electricity, create high-tech jobs, attract billions of dollars in foreign direct investment.
Pakistan is uniquely positioned, both geographically and economically, to become a global hub for data centers, and offers the most strategic location in the world for data flow and digital infrastructure as a bridge between Asia, Europe, and the Middle East.
Pakistan’s combination of surplus power, geographic advantage, advanced subsea cable connectivity, renewable energy potential, and a large, digitally engaged population creates a compelling case for becoming a regional epicenter of Web3, AI, and digital innovation.
“This strategic allocation marks a pivotal moment in Pakistan’s digital transformation journey, unlocking economic potential by turning excess energy into innovation, investment, and international revenue,” Finance Minister Muhammad Aurangzeb was quoted as saying by his ministry.
Since the inception of the PCC, there has been tremendous interest from global bitcoin miners and data infrastructure companies, and several international firms have already visited Pakistan for exploratory discussions, according to the finance ministry. Following this landmark announcement, more global players are expected to visit in the coming weeks.
It said Pakistan’s underutilized power generation capacity is now being repurposed into a high-value digital asset.
“AI data centers and Bitcoin mining operations, known for their consistent and heavy energy usage, provide an ideal use case for this surplus,” the ministry said. ‘Redirecting idle energy, especially from plants operating below capacity, allows Pakistan to convert a long-standing financial liability into a sustainable, revenue-generating opportunity.”
PCC CEO Bilal bin Saqib emphasized the transformative nature of this initiative, saying Pakistan could become a global crypto and AI powerhouse with proper regulation, transparency, and international collaboration.
“This energy-backed digital transformation not only unlocks high-value investment but enables the government to generate foreign exchange in USD through bitcoin mining,” he said.
“Additionally, as regulations evolve, Pakistan can accumulate bitcoin directly into a national wallet, marking a monumental shift from selling power in Pakistani Rupees (PKR) to leveraging digital assets for economic stability.”
In April, Pakistan introduced its first-ever policy framework to regulate virtual assets and service providers, aligning with compliance and financial integrity guidelines of the global Financial Action Task Force (FATF). The move followed the establishment of the PCC in March to create a legal framework for cryptocurrency trading in a bid to lure international investment.
With the right incentives, strategic investments, and collaborative partnerships, Pakistan is positioning itself not only as a destination for global digital infrastructure but also as a sovereign economy that can accumulate digital assets, export digital services, and lead in the next generation of technological transformation.
“By offering stable and affordable energy, Pakistan presents a highly competitive environment compared to regional counterparts like India and Singapore, where rising power costs and land scarcity limit scalability,” the finance ministry said.
“Pakistan’s strategic advantage is further underscored by the global context: while AI data center demand has soared to over 100GW, global supply remains around 15GW. This massive shortfall creates an unprecedented opportunity for countries like Pakistan with surplus power, land, and an emerging regulatory framework.”
Pakistan’s digital connectivity has also been significantly strengthened by the landing of the world’s largest submarine Internet cable. The Africa-2 Cable Project, a 45,000-kilometer global network connecting 33 countries through 46 landing stations, has now landed in Pakistan. This milestone enhances Pakistan’s Internet bandwidth, latency, and resilience through redundant fiber routes — key for ensuring high availability and operational continuity for AI data centers.
With a population of over 250 million and more than 40 million crypto users, Pakistan holds immense potential as a regional leader in digital services, according to the finance ministry.
Establishing local AI data centers will not only address growing concerns around data sovereignty but will also enhance cybersecurity, improve digital service delivery, and empower national capabilities in AI and cloud infrastructure. These centers are expected to create thousands of direct and indirect jobs, catalyzing the development of a skilled workforce in engineering, IT, and data sciences.
“This announcement marks only the first phase of a broader, multi-stage digital infrastructure rollout. Future developments are expected to include renewable energy-powered facilities — leveraging Pakistan’s immense wind (50,000 MW potential in the Gharo-Keti Bandar corridor), solar, and hydropower resources — strategic international partnerships with leading blockchain and AI companies, and the establishment of fintech and innovation hubs,” the ministry said.
“These efforts will be complemented by proposed incentives such as tax holidays, customs duty exemptions on equipment, and reduced taxes for AI infrastructure developers.”
Iran’s Jafar Panahi Wins Palme d’Or at Cannes
DUBAI: Iranian filmmaker Jafar Panahi made a triumphant return to the global stage, winning the prestigious Palme d’Or for his latest film “It Was Just an Accident” at the 78th Cannes International Film Festival.
Panahi, long a symbol of artistic defiance in Iran, had previously faced imprisonment and a 20-year ban on filmmaking and international travel. His emotional appearance at the festival, where he received the award from jury president Juliette Binoche — a vocal supporter of his work — marked a significant moment for both the director and Cannes.
The political thriller centers on a former prisoner who kidnaps the man he believes tortured him and grapples with fellow dissidents over whether to exact revenge or offer forgiveness.
The ceremony also recognized other global talents. Chinese director Bi Gan received a special jury prize for “Resurrection,” while Iraqi filmmaker Hasan Hadi made history as the first from his country to win the Camera d’Or for debut feature “The President’s Cake.”
Brazil’s Wagner Moura took home best actor honors for “The Secret Agent,” a 1970s-set political drama by Kleber Mendonça Filho, who also won best director.
German director Mascha Schilinski and Spain’s Oliver Laxe shared the Jury Prize for their respective films “Sound of Falling” and “Sirat.” The former is a sweeping multigenerational family saga, while the latter explores an apocalyptic vision of the Moroccan desert through techno-infused storytelling.
Actor John C. Reilly surprised audiences with a rendition of “La Vie en Rose” before presenting best screenplay to Jean-Pierre and Luc Dardenne for “Young Mothers,” the Belgian brothers' latest social drama.
