LONDON: The UN special envoy for Yemen Martin Griffiths is meeting with the ambassadors of Arab coalition countries ahead of a Security Council meeting on Thursday.
Griffiths is expected to announce on Thursday the date of the Geneva talks that are due to take place in September and an outline of his vision of the Yemen peace settlement, a report by Asharq Al-Awsat said.
KARACHI: Pakistan recorded its highest current account surplus in April after a span of nine months, driven by increased remittances and exports that collectively improved the current account situation by 95 percent in the ongoing fiscal year, according to data released by the central bank on Friday.
The country posted a monthly current account surplus of $491 million last month, the highest since June 2023. During the first 10 months of the current fiscal year (10MFY24), the country’s deficit decreased by 95 percent on a year-on-year basis to $202 million. This was in marked contrast to a deficit of $3.92 billion recorded in the corresponding period last year, as per the data released by the State Bank of Pakistan (SBP).
“Pakistan’s current account improvement was mainly driven by an increase in remittances, month-on-month export growth, along with a decline in imports,” Tahir Abbas, head of research at Arif Habib Limited, told Arab News.
Pakistan received $2.8 billion of workers’ remittances in April 2024, which is 27.9 percent higher on an annual basis. The total inflow of remittance stood at $23.8 billion in the 10-month period of FY24.
“The remittance inflows are mainly due to the upcoming Eid Al-Adha,” Abbas said, referring to a Muslim festivity that follows the Hajj pilgrimage in Makkah. “This is the major contributor to the overall current account improvement.”
The central bank statistics show the monthly information technology (IT) exports from Pakistan increased by 62 percent on an annual and one percent on a monthly basis in the month of April to $310 million.
“This is the highest ever export number in a single month, with the previous highest of $306 million recorded in March 2024,” Topline Securities, a Karachi-based brokerage firm, said in its report issued on Friday.
The monthly IT exports in April are higher than the last 12-month average of $245 million, the brokerage firm added.
The growth in IT exports is due to the expansion of local companies in the Gulf market, especially Saudi Arabia, a relaxation of the permissible retention limit by the SBP from 35 percent to 50 percent in the exporters’ specialized foreign currency accounts, allowing them greater control over their earnings, and stability in the national currency, according to Topline Security.
All of these factors have encouraged IT exporters to bring a higher portion of profits back to the country, it added.
The cumulative IT exports in the first 10 months of the fiscal year increased by 21 percent on an annual basis, reaching $2.59 billion, compared to $2.14 billion recorded in the corresponding period last year. The net IT export number in April is also higher than last 12-month average of $214 million.
The central bank released data on foreign direct investment (FDI) as well that hit $359 million, up 172 percent on a yearly and 39 percent on a monthly basis in April.
This is the highest monthly inflow in nearly four and a half years. The major FDI inflow of $177 million came from China. During the first 10-month period of the ongoing fiscal, the net FDI inflow increased by eight percent on an annual basis to $1.45 billion compared to an inflow of $1.35 million in the corresponding period last year.
BUENOS AIRES, Argentina: Even before kicking off a three-day visit to Madrid on Friday, Argentina’s libertarian President Javier Milei stirred controversy, accusing the socialist government of bringing “poverty and death” to Spain and weighing in on corruption allegations against the prime minister’s wife.
In such circumstances, a typical visiting head of state may strive to mend fences with diplomacy.
Not Milei. The brash economist has no plans to meet Spanish Prime Minister Pedro Sánchez during his three days in the Spanish capital — nor the Spanish king, nor any other government official. Instead, he’ll attend a far-right summit Sunday hosted by Sánchez’s fiercest political opponent, the Vox party.
The unorthodox visit was business as usual for Milei, a darling of the global far right who has bonded with tech billionaire Elon Musk and praised former US President Donald Trump. Earlier this year on a trip to the United States, Milei steered clear of the White House and took the stage at the Conservative Political Action Conference, or CPAC, where he railed against abortion and socialism and shared a bear hug with Trump.
Milei presented his 2022 book, “The Way of the Libertarian,” in Madrid Friday at a literary event organized by La Razón, a conservative Spanish newspaper.
The book — withdrawn from circulation in Spain earlier this month because the back-flap biography erroneously said Milei had earned a doctorate — traces his meteoric rise in politics from eccentric TV personality to national lawmaker and outlines his radical free-market economic ideas.
To thunderous applause, Milei condemned socialism as “an intellectual fraud and a horror in human terms.”
“The good thing is that the spotlight is shining on us everywhere and we are making the reds (leftists) uncomfortable all over the world,” Milei said.
He took the opportunity to promote the results of his harsh austerity campaign in Argentina, celebrating a decline in monthly inflation in April though making no mention of the Buenos Aires subway fares that more than tripled overnight.
Repeating a campaign pledge to eliminate Argentina’s central bank — without giving further details — Milei promised to make Argentina “the country with the most economic freedom in the world.”
At the event Milei gave a huge hug to his ideological ally Santiago Abascal, the leader of the hard-right Vox party and the only politician with whom Milei has actual plans to meet in Madrid.
The Vox summit Sunday seeks to bring together far-right figures from across Europe in a bid to rally the party’s base ahead of European parliamentary elections in June. Milei described his attendance a “moral imperative.” He also has plans to meet Spanish business executives Saturday.
Tensions between Milei and Sánchez have simmered since the moment the Spanish prime minister declined to congratulate the libertarian economist on his shock election victory last November.
But hostility exploded earlier this month when one of Sánchez’s ministers suggested Milei had taken narcotics. The Argentine presidency responded with an unusually harsh official statement accusing Sánchez’s government of “endangering the middle class with its socialist policies that bring nothing but poverty and death.”
The lengthy government statement also accused Sánchez of having “more important problems to deal with, such as the corruption accusations against his wife.”
The allegations of influence peddling and corruption brought by a right-wing group against Sánchez’s wife, Begoña Gómez, had prompted Sánchez, one of Europe’s longest serving Socialist leaders, to consider stepping down.
ACCRA: Ghana’s president Friday urged his visiting Senegalese counterpart to use his goodwill within the Economic Community of West African States to help resolve disputes with Niger, Burkina Faso and Mali.
President Bassirou Diomaye Faye arrived in the capital Accra early in the morning after visiting Nigeria’s President Bola Ahmed Tinubu.
Niger, Mali and Burkina Faso in January 2024 announced they were leaving ECOWAS after they were suspended by the group over military coups in all three nations.
“We are lucky to have a new leader in place because I think he is also going to help us to try and resolve the big problem that we have in the ECOWAS community,” Ghana’s President Nana Akufo-Addo said after meeting Faye.
“President Faye is very committed to seeing what he and the rest of us can do to reach out and revive the dialogue.”
Speaking to reporters after bilateral talks, Akufo-Addo said Faye had demonstrated commitment to ECOWAS efforts to bring the three countries to the table for further talks and back to the bloc.
Faye, 44, won a resounding victory as an anti-establishment candidate promising major reforms to become Senegal’s youngest-ever president.
His election has been seen as an inspiration for change in contrast to some of the continent’s aging leaders who have been in power for years and to other countries now run by military governments.
He welcomed the challenge to help reconcile ECOWAS with Mali, Burkina Faso, and Niger.
ECOWAS “is going through difficult times but we are going to do all we can to consolidate the gains made in integration, in a spirit of common, fraternal solidarity,” Faye told reporters.
Unity was “primordial” in the region, he added.
Earlier in Nigeria, Faye said that alongside Nigeria, which currently chairs ECOWAS, he hoped to convince the countries to “come back and share our common democratic values and what we stand for.”
CAIRO: Israeli forces battled Hamas fighters in the narrow alleyways of Jabalia in northern Gaza on Friday in some of the fiercest engagements since they returned to the area a week ago, while in the south militants attacked tanks massing around Rafah.
Residents said Israeli armor had thrust as far as the market at the heart of Jabalia, the largest of Gaza’s eight historic refugee camps, and that bulldozers were demolishing homes and shops in the path of the advance.
“Tanks and planes are wiping out residential districts and markets, shops, restaurants, everything. It is all happening before the one-eyed world,” Ayman Rajab, a resident of western Jabalia, said via a chat app.
Israel had said its forces cleared Jabalia months earlier in the Gaza war, triggered by the deadly Hamas-led attacks on southern Israel on Oct. 7, but said last week it was returning to prevent Islamist militants re-grouping there.
In southern Gaza bordering Egypt, thick smoke rose over Rafah, where an escalating Israeli assault has sent hundreds of thousands of people fleeing from what was one of the few remaining places of refuge.
“People are terrified and they’re trying to get away,” Jens Laerke, UN humanitarian office spokesperson, said in Geneva, adding that most were following orders to move north toward the coast but that there were no safe routes or destinations.
As the fighting raged, the US military said trucks started moving aid ashore from a temporary pier, the first to reach the besieged enclave by sea in weeks.
The World Food Programme, which expects food, water, shelter and medical supplies to arrive through the floating dock, said the aid was transported to its warehouses in Deir Al Balah in central Gaza and told partners it was ready for distribution.
The United Nations earlier reiterated that truck convoys by land — disrupted this month by the assault on Rafah — were still the most efficient way of getting aid in.
“To stave off the horrors of famine, we must use the fastest and most obvious route to reach the people of Gaza – and for that, we need access by land now,” deputy UN spokesperson Farhan Haq said.
US aid was arriving in Cyprus for delivery to Gaza via the new pier, Washington said.
Hamas demanded an end to Israel’s siege and accused Washington of complicity with an Israeli policy of “starvation and blockade.”
The White House said US national security adviser Jake Sullivan would visit Israel on Sunday and stress the need for a targeted offensive against Hamas militants rather than a full-scale assault on Rafah.
A group of US medical workers left the Gaza Strip after getting stuck at the hospital where they were providing care, the White House said.
Humanitarian fears
The Israel Defense Forces said troops killed more than 60 militants in Jabalia in recent days and located a weapons warehouse in a “divisional-level offensive.”
A divisional operation would typically involve several brigades of thousands of troops each, making it one of the biggest of the war.
“The 7th Brigade’s fire control center directed dozens of airstrikes, eliminated terrorists and destroyed terrorist infrastructure,” the IDF said.
At least 35,303 Palestinians have now been killed, according to figures from the enclave’s health ministry, while aid agencies have warned repeatedly of widespread hunger and dire shortages of fuel and medical supplies.
Israel says it must capture Rafah to destroy Hamas and ensure the country’s safety. In the Hamas attack on Oct. 7, 1,200 people died in Israel and 253 were taken hostage, according to Israeli tallies. About 128 hostages are still being held in Gaza.
Israel said on Friday that its forces retrieved the bodies of three people killed at the Nova music festival in Israel on Oct. 7 and taken into Gaza.
In response, Hamas said negotiations were the only way for Israel to retrieve hostages alive: “The enemy will not get its prisoners except as lifeless corpses or through an honorable exchange deal for our people and our resistance.”
Talks on a ceasefire have been at an impasse.
’Tragic war’
Israeli tanks and warplanes bombarded parts of Rafah on Friday, while the armed wings of Hamas and Islamic Jihad said they fired anti-tank missiles and mortars at forces massing to the east, southeast and inside the Rafah border crossing with Egypt.
UNRWA, the main UN aid agency for Palestinians, said more than 630,000 people had fled Rafah since the offensive began on May 6.
“They’re moving to areas where there is no water — we’ve got to truck it in — and people aren’t getting enough food,” Sam Rose, director of planning at UNRWA, told Reuters on Friday by telephone from Rafah, where he said it was eerily quiet.
At the International Court of Justice, or World Court, in The Hague, where South Africa has accused Israel of violating the Genocide Convention, Israeli Justice Ministry official Gilad Noam defended the operation.
The South African legal team, which set out its case for fresh emergency measures the previous day, framed the Israeli military operation as part of a genocidal plan aimed at bringing about the destruction of the Palestinian people.
SAN FRANCISCO: A man who attacked the elderly husband of former US House Speaker Nancy Pelosi with a hammer was sentenced Friday to 30 years in prison.
David DePape was convicted last year of breaking into the couple’s San Francisco home and bludgeoning Paul Pelosi in a horrifying attack captured on police bodycam.
At the time of the October 2022 assault, Democrat Nancy Pelosi was second in line to the presidency and a regular target of outlandish far-right conspiracy theories.
Jurors in his trial last year heard how DePape — a Canadian former nudist activist who supported himself with occasional carpentry work — had initially planned to target Nancy Pelosi, planning to smash her kneecaps if she did not admit to her party’s “lies.”
On arriving at their home armed with rope, gloves and duct tape, DePape instead encountered her then-82-year-old husband, and kept asking, “Where’s Nancy?“
During what DePape told officers was a “pretty amicable” conversation with Paul Pelosi, the husband managed to call for help from law enforcement officers.
Moments later when police arrived DePape hit Pelosi with a hammer before officers rushed at him and took the weapon away.
Pelosi was knocked unconscious and had his skull fractured. He spent almost a week in a hospital, where he underwent surgery.
Nancy Pelosi was not at home the night of the attack.
Prosecutors had asked the federal court in San Francisco to sentence DePape to 40 years in prison.
In the lead up to Friday’s sentencing, Nancy Pelosi had asked the judge to impose a “very long” sentence for an attack that “has had a devastating effect on three generations of our family.”
“Even now, eighteen months after the home invasion and assault, the signs of blood and break-in are impossible to avoid.
“Our home remains a heartbreaking crime scene,” she wrote, according to court documents cited by the San Francisco Chronicle.
On Friday her office said the family was proud of Paul Pelosi “and his tremendous courage in saving his own life on the night of the attack and in testifying in this case.”
DePape had pleaded not guilty to charges that included assault on a family member of a US official, and attempted kidnapping of a US official.
While not denying the attack, his defense rested on contesting federal prosecutors’ claims that he had targeted Nancy Pelosi in her official capacity.
Instead, his lawyers argued that DePape was driven to target a number of prominent liberal figures, due to his exposure to a web of obscure conspiracy theories.
In social media posts, DePape shared QAnon theories and false claims that the last US election was stolen.
The trial heard how DePape did not intend to stop his supposed anti-corruption crusade with Pelosi, and had drawn up a list of other targets including a feminist academic whom he accused of turning US schools into “pedophile molestation factories.”
Other personalities the defendant admitted wanting to attack included California Governor Gavin Newsom, President Joe Biden’s son Hunter, and actor Tom Hanks.
Jurors took less than 10 hours to reject DePape’s explanation of the attack, which took place just a few days before the US midterm elections.
The attack itself became politicized in the weeks after it occurred, with some members of the Republican Party mocking the incident and suggesting lurid and unsubstantiated explanations for why there was a man in Pelosi’s house late at night.
US Attorney General Merrick Garland said Friday that DePape’s sentence should serve as a warning that attacks on political figures and their families were unacceptable.
“In a democracy, people vote, argue, and debate to achieve the policy outcome they desire,” he said.
“But the promise of democracy is that people will not employ violence to affect that outcome.
“The Justice Department will aggressively prosecute those who target public servants and their families with violence.”
