High hopes in Bangladesh as Nobel-winning economist takes charge

Nobel laureate Muhammad Yunus salutes to the attendees upon arrival at the Bangabhaban to take oath as the head of the interim government, in Dhaka, Bangladesh, August 8, 2024. (REUTERS)
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Updated 09 August 2024
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High hopes in Bangladesh as Nobel-winning economist takes charge

  • Muhammad Yunus heads the interim government after a student-led uprising ousted former PM Sheikh Hasina
  • Among members of his cabinet are top Bangladeshi technocrats, lawyers and leaders of the student movement

DHAKA: Jubilant and hopeful, Bangladeshis welcomed on Friday their new interim government headed by the Nobel-winning economist Muhammad Yunus and manned by renowned lawyers, academics and leaders of the student movement that has ousted the previous regime.
The new administration took the oath of office at the presidential palace in Dhaka on Thursday night, three days after Prime Minister Sheikh Hasina was forced to resign and fled to neighboring India after weeks of nationwide demonstrations and a deadly crackdown on protesters.
“The brutal, autocratic regime is gone,” Yunus said in a televised address after he was sworn in by President Mohammed Shahabuddin along with more than a dozen members of his caretaker government.
He pledged that “democracy, justice, human rights, and full freedom of fearless expression will be enjoyed by all, regardless of party affiliation.”
The 84-year-old economics professor will lead the country as “chief adviser” and the titles of his Cabinet members advisers too, not ministers.
They include Nahid Islam and Asif Mahmud, top leaders of Students Against Discrimination, a group that led the protests that toppled Hasina, and civil servants such as former attorney general A.F. Hassan Ariff, former foreign secretary Touhid Hossain, and Salehuddin Ahmed — economist and a former governor of the country’s central bank.
There are also Adilur Rahman Khan, a prominent human rights activist, Syeda Rizwana Hasan, an international award-winning environmental lawyer, and Asif Nazrul, a public intellectual, writer and professor of law at Dhaka University.
As the new administration took office, Bangladeshis were enthusiastic about the nominations and hopeful for their country’s future.
“After our total anarchy and a very serious uprising that we experienced very recently, this is a new dynamic,” Gautam Barua, an academic and researcher, told Arab News.
“I’m very hopeful, very, very much hopeful about this interim government ... I think they will bring about a beautiful change.”
He was glad to see that famous lawyers and economists would be at the helm.
“This cabinet, I think, has the finest of the fine of the country ... they are globally recognized, and they are domestically, nationally, recognized,” Barua said.
“The country’s present economy needs a notch ... It has gone down quite drastically in the last government’s regime. So, I believe they can notch it up. They can turn the wheel of the economy.”
There was also pride in having a government full of celebrity intellectuals and technocrats.
“I think they can bring us a positive change,” said Mahfuz Kaiser, a student in Dhaka. “Dr. Yunus is a very famous person. He’s a Nobel laureate. First Nobel winner in Bangladesh.”
An economics professor, Yunus is a social entrepreneur and banker who was awarded the 2006 Nobel Peace Prize for his pioneering microfinance work that helped alleviate poverty in Bangladesh and has been widely adopted around the world.
“He’s going to help us to build this nation again,” said Jannatul Ferdous Mawa, who is pursuing a degree in media studies and participated in the recent protests.
“I think whatever is happening right now, it’s good for us because we are learning something. From this protest, we learned one thing: that if we are together, we can build this nation again.”
Political transition in Bangladesh, ending 15 years of Hasina’s rule, comes after nationwide protests that began in early July against a quota system for government jobs, which was widely criticized for favoring those with connections to the ruling party.
The demonstrations soon turned violent as security forces clashed with demonstrators, leaving at least 300 people dead.
After the deadly clashes and a week-long communications blackout, the Supreme Court eventually scrapped most of the quotas, but the ruling was followed by a crackdown on protesters.
The arrests of 11,000 participants of the rallies, mostly students, triggered new demonstrations last week, which culminated in a civil disobedience movement, which on Monday forced Hasina to resign.
A day later, the president dissolved the parliament, clearing the way for the interim administration, which now will preside over new elections.
“There are lots of expectations from this government because this government is headed by the Nobel laureate Prof. Dr. Yunus. I think everyone is looking forward to his work, to his progress, to his visions. He used to say that there are three zeros: zero poverty, zero unemployment and zero net carbon. So, I think he will work on these three issues,” Dr. Rawnak Khan, who teaches anthropology at Dhaka University, told Arab News.
“Our institutional infrastructure, the whole situation, we need to build it up. The government needs to ensure transparency, accountability. My expectation of this government is very high. Not only mine, I think everyone’s, because it is headed by Prof. Yunus and it depends on his ability to navigate the complex political landscape of Bangladesh.”


Indian women entrepreneurs to visit UAE to study AI governance, medical innovation

Updated 31 October 2024
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Indian women entrepreneurs to visit UAE to study AI governance, medical innovation

  • Delegation will attend panel discussions, networking opportunities with UAE industry leaders in Dubai
  • India, UAE have witnessed significant rise in bilateral exchanges since signing free trade pact in 2022

NEW DELHI: Dozens of women entrepreneurs from the Indian Women Network of the Confederation of Indian Industry will depart to the UAE next week to study AI governance in education and medical innovation.

IWN was launched in 2013 by India’s largest and oldest industrial body, the CII, to create the largest network for professional women and promote their participation, growth and leadership in the workplace. Today, it has established chapters in almost two dozen Indian states.

For its first international trip, IWN will lead a 35-member delegation comprising women entrepreneurs from various sectors of Indian industries for a two-day visit to the UAE’s commercial capital, Dubai, starting Nov. 4.

“Dubai was chosen as the destination because of its progressive strides in areas such as AI governance in education, medical innovation, R&D and women’s empowerment,” Megha Chopra, co-chair of CII’s IWN chapter in New Delhi, told Arab News on Thursday.

“The delegation will explore how Dubai has successfully implemented forward-thinking strategies in these sectors, drawing valuable insights to inspire similar growth and innovation in India.”

The trip, which also includes panel discussions and networking opportunities, aims to “foster knowledge-sharing, networking and leadership development” as well as making connections with UAE-based industry pioneers, she added.

For Chopra, executive director at software company RateGain Travel Technologies, the learning retreat is an important extension of the India-UAE economic partnership.

“This trip also highlights the significance of women’s roles in enhancing bilateral ties and contributing to economic progress, with IWN creating a platform where Indian women entrepreneurs can not only draw inspiration, but also forge connections that could lead to tangible business partnerships and investments,” she said.

India and the UAE have significantly advanced bilateral exchanges since they signed the Comprehensive Economic Partnership Agreement in 2022.

The UAE is the largest Middle Eastern investor in India, with investments amounting to about $3 billion in the financial year 2023-24, according to Indian government data.

The two countries also expect to increase the total value of bilateral trade in non-petroleum products to more than $100 billion and trade in services to $15 billion by 2030.

“By connecting 35 women entrepreneurs from diverse Indian industries with eminent leaders and disruptors in Dubai, the delegation fosters knowledge exchange and cultivates potential avenues for cross-border collaborations,” Chopra said.

“In essence, the IWN delegation strengthens the India-UAE economic bond, championing women’s leadership as a key driver of continued growth and collaboration between the two nations.”


Taliban FM goes viral riding motorcycle through Kabul

Updated 32 min 39 sec ago
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Taliban FM goes viral riding motorcycle through Kabul

  • Amir Khan Muttaqi filmed on a motorbike in Wazir Akbar Khan area
  • Kabul residents admit that public safety has been increasing in the city

Kabul: A video of Afghanistan’s acting foreign minister riding a motorcycle through Kabul has gone viral on social media, with people saying it showed improving security under Taliban rule.

Officials at the Ministry of Foreign Affairs confirmed to Arab News that the video shot this week shows Amir Khan Muttaqi riding after sunset in the Wazir Akbar Khan area of the Afghan capital.

The street where Muttaqi was driving is less than 1 km away from the Arg — the presidential palace, which since the Taliban takeover of Afghanistan three years ago has served as the meeting place of the country’s interim government.

The surrounding neighborhood was known as the diplomatic zone of Kabul before most representatives of the international community left the country after its Western-backed government collapsed and US-led troops withdrew in August 2021.

The sighting of a minister riding on the street was for some residents a reflection of the country being safer now than during the two-decade period of foreign military presence following the US invasion of Afghanistan in 2001.

“The security is very good now. The security forces are trying day and night to make sure people live in peace without any fear,” Hamza Kawsar, a resident of Kabul, told Arab News on Thursday.

“Unlike the leaders in previous regimes, our current leaders are not hiding from the people. They live a simple life. The foreign minister’s move to come out alone is proof of this.”

While people generally acknowledged that security had improved, many other pending issues were left unaddressed or aggravated.

“It’s been two weeks, and I can’t get my national ID. I go from one office to the other and my work is delayed,” said Rahmanullah, 22, who came from Logar province to Kabul to have his documents issued.

“It’s good that the ministers and other people are able to go around in the city without any worries. But in some offices it’s very difficult to see director-level officials, let alone a minister.”

For Javed Rahimi, a shopkeeper, the motorcycle video was a PR stunt and many new problems emerged with Taliban rule, including huge unemployment, poverty and bans on women’s education and work.

He admitted, however, that cases of theft, robbery, and deadly blasts, which were common before, had decreased.

“The good thing is that there’s no war and conflict anymore,” he said. “Our countrymen are not dying in explosions and attacks every day.”


Russia’s ‘comprehensive’ treaty with Iran will include defense, Lavrov says

Updated 31 October 2024
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Russia’s ‘comprehensive’ treaty with Iran will include defense, Lavrov says

  • The United States accused Tehran in September of delivering close-range ballistic missiles to Russia for use against Ukraine
MOSCOW: A treaty that Russia and Iran intend to sign shortly will include closer defense cooperation, Russian Foreign Minister Sergei Lavrov said on Thursday.
Military ties between the two countries are a source of deep concern to the West as Russia wages war in Ukraine while Iran and Israel have exchanged missile and air strikes in the Middle East.
“The treaty on a comprehensive strategic partnership between Russia and Iran that is being prepared will become a serious factor in strengthening Russian-Iranian relations,” Lavrov told state television.
He said the agreement was being prepared for signing “in the near future.” Russia has said it expects Iran’s President Masoud Pezeshkian to visit Moscow before the end of the year.
“It will confirm the parties’ desire for closer cooperation in the field of defense and interaction in the interests of peace and security at the regional and global levels,” Lavrov said. He did not specify what form the defense ties would take.
Russia has deepened its ties with Iran and North Korea, which are both strongly antagonistic toward the United States, since the start of its war with Ukraine.
President Vladimir Putin and North Korean leader Kim Jong Un signed a similarly titled “comprehensive” treaty in June, including a mutual defense clause, and the US and NATO say Pyongyang has sent some 10,000 soldiers to Russia for possible deployment in the war.
Russia has not denied their presence, and says it will implement the treaty as it sees fit.
The United States accused Tehran in September of delivering close-range ballistic missiles to Russia for use against Ukraine, and imposed sanctions on ships and companies it said were involved in delivering Iranian weapons.
Tehran denies providing Moscow with the missiles or with thousands of drones that Kyiv and Western officials have said Russia uses against military targets and to destroy civilian infrastructure, including Ukraine’s electrical grid.
The Kremlin declined to confirm its receipt of Iranian missiles but acknowledged that its cooperation with Iran included “the most sensitive areas.”

India says frontier disengagement with China along their disputed border is ‘almost complete’

Updated 31 October 2024
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India says frontier disengagement with China along their disputed border is ‘almost complete’

  • The two countries reached a new pact on military patrols that aims to end a four-year standoff that hss strained relations
  • Ties between the two countries deteriorated in July 2020 after a military clash killed at least 20 Indian soldiers and four Chinese

NEW DELHI: India and China have moved most of their frontline troops further from their disputed border in a remote region in the northern Himalayas, India’s defense minister said Thursday, some 10 days after the two countries reached a new pact on military patrols that aims to end a four-year standoff that’s strained relations.
Rajnath Singh said the “process of disengagement” of Indian and Chinese troops near the Line of Actual Control in Ladakh is “almost complete.”
The Line of Actual Control separates Chinese and Indian-held territories from Ladakh in the west to India’s eastern state of Arunachal Pradesh, which China claims in its entirety. India and China fought a deadly war over the border in 1962.
Ties between the two countries deteriorated in July 2020 after a military clash killed at least 20 Indian soldiers and four Chinese. That turned into a long-running standoff in the rugged mountainous area, as each side stationed tens of thousands of military personnel backed by artillery, tanks and fighter jets in close confrontation positions.
Earlier this month the two neighbors announced a border accord aimed at ending the standoff, followed by a meeting between India’s Prime Minister Narendra Modi and China’s President Xi Jinping on the sidelines of the recent BRICS summit in Russia, their first bilateral meeting in five years.
It’s not clear how far back the troops were moved, or whether the pact will lead to an overall reduction in the number of soldiers deployed along the border.
“Our efforts will be to take the matter beyond disengagement; but for that, we will have to wait a little longer,” Singh said.
Chinese Defense Ministry spokesperson Zhang Xiaogang said Thursday that the frontline troops were “making progress in implementing the resolutions in an orderly manner.”
The pact called for Indian and Chinese troops to pull back from the last two areas of the border where they were in close positions. After the deadly confrontation in 2020, soldiers were placed in what commanders called “eyeball to eyeball” positions at least six sites. Most were resolved after previous rounds of military and diplomatic talks as the two nations agreed to the creation of buffer zones.
However, disagreements over pulling back from in the Depsang and Demchok areas lasted until the Oct. 21 pact.
“It is a positive move,” said Lt. Gen. D.S. Hooda, who from 2014 to 2016 headed Indian military’s Northern Command, which controls Kashmir region, including Ladakh. “Given how deep mistrust has been between the two countries and how all confidence building measures collapsed, it is quite a positive beginning,” he said.
However, Hooda added, it will take time for both countries to return to their pre-2020 positions. “It does not mean everything is going to as normal as it existed earlier. We have to re-establish traditional patrolling and also the buffer zones need to be sorted out,” he said.
The border standoff also damaged business ties between the two nations, as India halted investments from Chinese firms and major projects banned.


India says frontier disengagement with China along their disputed border is ‘almost complete’

Updated 31 October 2024
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India says frontier disengagement with China along their disputed border is ‘almost complete’

  • Two countries have reached new pact on military patrols that aims to end four-year standoff that has strained relations
  • India says “process of disengagement” of Indian and Chinese troops near Line of Actual Control is “almost complete”

NEW DELHI: India and China have moved most of their frontline troops further from their disputed border in a remote region in the northern Himalayas, India’s defense minister said Thursday, some 10 days after the two countries reached a new pact on military patrols that aims to end a four-year standoff that’s strained relations.
Rajnath Singh said the “process of disengagement” of Indian and Chinese troops near the Line of Actual Control in Ladakh is “almost complete.”
The Line of Actual Control separates Chinese and Indian-held territories from Ladakh in the west to India’s eastern state of Arunachal Pradesh, which China claims in its entirety. India and China fought a deadly war over the border in 1962.
Ties between the two countries deteriorated in July 2020 after a military clash killed at least 20 Indian soldiers and four Chinese. That turned into a long-running standoff in the rugged mountainous area, as each side stationed tens of thousands of military personnel backed by artillery, tanks and fighter jets in close confrontation positions.
Earlier this month the two neighbors announced a border accord aimed at ending the standoff, followed by a meeting between India’s Prime Minister Narendra Modi and China’s President Xi Jinping on the sidelines of the recent BRICS summit in Russia, their first bilateral meeting in five years.
It’s not clear how far back the troops were moved, or whether the pact will lead to an overall reduction in the number of soldiers deployed along the border.
“Our efforts will be to take the matter beyond disengagement; but for that, we will have to wait a little longer,” Singh said.
Chinese Defense Ministry spokesperson Zhang Xiaogang said Thursday that the frontline troops were “making progress in implementing the resolutions in a orderly manner.”
The pact called for Indian and Chinese troops to pull back from the last two areas of the border where they were in close positions. After the deadly confrontation in 2020, soldiers were placed in what commanders called “eyeball to eyeball” positions at at least six sites. Most were resolved after previous rounds of military and diplomatic talks as the two nations agreed to the creation of buffer zones.
However, disagreements over pulling back from in the Depsang and Demchok areas lasted until the Oct. 21 pact.
“It is a positive move,” said Lt. Gen. D.S. Hooda, who from 2014 to 2016 headed Indian military’s Northern Command, which controls Kashmir region, including Ladakh. “Given how deep mistrust has been between the two countries and how all confidence building measures collapsed, it is quite a positive beginning,” he said.
However, Hooda added, it will take time for both countries to return to their pre-2020 positions. “It does not mean everything is going to as normal as it existed earlier. We have to re-establish traditional patrolling and also the buffer zones need to be sorted out,” he said.
The border standoff also damaged business ties between the two nations, as India halted investments from Chinese firms and major projects banned.