Hariri named Lebanon’s new PM, gains speaker’s backing

Lebanese President Michel Aoun (L) meets with his new Prime Minister Saad Hariri at the presidential palace in Baabda, east of Beirut. (AFP/Anwar Amro)
Updated 04 November 2016
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Hariri named Lebanon’s new PM, gains speaker’s backing

BEIRUT: Lebanon’s president asked Sunni leader Saad Al-Hariri to form a new government on Thursday, after he won the support of a majority of MPs including the influential parliament speaker who said he would cooperate with efforts to set up the new cabinet.
Hariri’s nomination is part of a political deal that resulted in the election of Christian leader Michel Aoun, a close ally of the Iran-backed group Hezbollah, as head of state on Monday, ending a 2-1/2 year long presidential vacuum.
The quick formation of a new administration with cross-party support will help revive government in a country where political conflict has paralyzed decision-making, economic development and basic services, and raised fears for its stability.
The central bank governor said Aoun’s election and the formation of a government would boost confidence in the economy and attract foreign aid: Lebanon is hosting some 1.5 million refugees from the war in neighboring Syria.
Hariri, 46, said he aimed for the quick formation of a government of “national accord.”
Speaking at the presidency, he said “we owe it to the Lebanese to start working as soon as possible to protect our country from the flames burning around it, to reinforce its immunity in the face of terrorism.”
Lebanon has been buffeted by instability from the war in neighboring Syria, where Hezbollah is fighting in support of President Bashar Assad. Jihadists have mounted attacks in Lebanon targeting Shiite areas and the army.
Underscoring Hezbollah’s continued mistrust of Hariri, who remains critical of its role in Syria, the group did not name him as prime minister, though it is expected to take part in his cabinet.

Support from Berri
Parliament Speaker Nabih Berri, head of the Shiite Amal movement and close Hezbollah ally, had come out in opposition to the deal struck by Hariri and Aoun, voicing objections that had threatened to obstruct the formation of the new government.
But announcing his decision to endorse Hariri for prime minister on Thursday, Berri indicated he would cooperate in efforts to set up the new administration. “If there was no intention to cooperate, we would not have named him,” he said.
Hariri took on the political mantle of his father, Rafik Al-Hariri, after his assassination in 2005. A UN-backed tribunal has charged five members of Hezbollah over the killing. The group denies any role.
After his father’s assassination, Hariri led a coalition of Lebanese parties through years of political conflict with Hezbollah and its allies, including Aoun. He was prime minister of a unity government from 2009 to 2011.
Hezbollah and its allies brought down that government by resigning while he was in Washington meeting the US president.


ICAO summit in Riyadh shows recognition of Saudi Arabia’s role in aviation sector: GACA president

Updated 57 sec ago
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ICAO summit in Riyadh shows recognition of Saudi Arabia’s role in aviation sector: GACA president

RIYADH: The decision of the International Civil Aviation Organization to host its Facilitation Global Summit in Riyadh underscores Saudi Arabia’s leading position in the sector, an official said. 

Abdulaziz Al-Duailej, president of the Kingdom’s General Authority of Civil Aviation, noted that Riyadh’s selection to host the summit also recognizes the Kingdom’s outstanding contributions to the international civil aviation community.

The ICAO Facilitation 2024 Global Summit was launched in Riyadh on May 21, in conjunction with the Future Aviation Forum being held in the Saudi capital. 

During the event’s opening speech, Al-Duailej highlighted that the summit is an opportunity to share various initiatives GACA has implemented in the Kingdom to elevate the passenger experience. 

The gathering includes 30 speakers and more than 500 aviation experts and specialists who will discuss the industry’s opportunities and challenges. 

The GACA president further noted that the authority has implemented a monitoring and inspection program to ensure that Saudi international airports comply with the standards and recommendations outlined in ICAO’s Annex 9 directives. 

“Annex 9 — Facilitation is based on 10 articles of the Chicago Convention which require that the civil aviation community comply with laws governing the inspection of aircraft, cargo and passengers by authorities concerned with customs, immigration, agriculture and public health,” according to the ICAO website. 

It added: “Under the Convention, States are obligated to adopt standards and expedite the necessary formalities in order to minimize operational delays.” 

Al-Duailej pointed out that Saudi Arabia is cooperating with international aviation authorities and continuing its investments in advanced safety technologies to provide passengers transiting the Kingdom’s airports with a smooth travel experience. 

For his part, Salvatore Sciacchitano, president of ICAO, said that the summit will empower aviation mechanisms globally. 

Speaking to Arab News on May 21, Sciacchitano said that Saudi Arabia is a “model” for sustainable practices in the aviation sector, as the Kingdom’s growth in the industry aligns with global standards. 

He also predicted that global air traffic will reach 11.5 billion by 2050, up from the current 4.6 billion. 

Sciacchitano added that the technological revolution will accelerate the aviation sector’s growth, allowing the world to accommodate more airplanes in the sky and more space on the ground. 


Pakistan forms inquiry committee to probe mob attacks in Kyrgyzstan, says over 4,000 students evacuated

Updated 8 min 45 sec ago
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Pakistan forms inquiry committee to probe mob attacks in Kyrgyzstan, says over 4,000 students evacuated

  • Ishaq Dar says the inquiry committee will coordinate with the Kyrgyz authorities and submit report in two weeks
  • Deputy PM says he asked his Kyrgyz counterpart to legalize 1,100 Pakistani workers being pursued for deportation

ISLAMABAD: Pakistan on Wednesday constituted an inquiry committee to establish what led to the mob attacks on its students in Bishkek, Kyrgyzstan, said the country’s Deputy Prime Minister Ishaq Dar, as over 4,000 Pakistani nationals were brought back from the Central Asian state.
Dar visited Bishkek on Tuesday to address the concerns of young students from his country enrolled in various educational institutions who witnessed the mob violence last week.
According to some media reports, the situation went out of hand in Bishkek last Friday after videos of a brawl between Kyrgyz and Egyptian students went viral on social media, prompting groups of local residents to target university hostels and private lodgings of international students, including those from Pakistan.
Official figures shared by the Pakistan embassy in Kyrgyzstan reveal nearly 10,000 Pakistani students are enrolled in the Central Asian country, with about 6,000 in Bishkek. The frenzied violence forced them to confine themselves for several hours in their rooms without food and drinking water, prompting many of them to make evacuation requests online.
“The additional secretary administration of the foreign ministry, Muhammad Saleem, will head a fact-finding committee to look into the incident, including the reason for such developments and subsequent reaction of the Pakistani mission and the government,” Dar told the media in a news briefing.
He said the committee would coordinate with the Kyrgyz authorities to review all the findings and developments in Bishkek and submit its report within two weeks.
The deputy prime minister informed a total of 4,036 students had returned from Bishkek by last night.
“To date, 3,233 students have returned on commercial flights, while 513 have benefitted from special flights arranged by the federal government,” he added. “The special flights arranged by the Khyber Pakhtunkhwa government have also brought back 290 students.”
Dar said during his meeting with the Kyrgyz deputy PM, he inquired about the fate of the perpetrators of the violence and was told that the administration in Bishkek had zero tolerance in such matters.
“My counterpart told me that the Kyrgyz President had publicly announced that action would be taken [against those involved in the mob violence],” he added. “Many people have already been arrested by law enforcement agencies.”
Asked about the future of the returning students, he informed he had called for a meeting of the all stakeholders on Friday to look into the possibility of accommodating them in the Pakistani medical institutions.
Dar said he also found out that nearly 1,100 workers from Pakistan residing in Kyrgyzstan were being pursued for deportation by the government due to their illegal stay.
“I requested the Kyrgyz deputy prime minister to legalize them instead of deporting them and he agreed by saying that he would seek approval from the National Security Committee and Ministry of Immigration to make that possible,” he continued.
Dar said he had instructed the foreign secretary and the country’s diplomatic mission in Bishkek to pursue the issue until its implementation.
“This will benefit around 1,100 families in Pakistan,” he added.


Saudi Arabia gears up for first Esports World Cup

Updated 15 min 26 sec ago
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Saudi Arabia gears up for first Esports World Cup

  • The competition will bring together more than 2,500 gamers
  • The tournament will support the Kingdom’s efforts to elevate the world of esports and highlight its positive impact on society

RIYADH: Riyadh is set to host the first-ever Esports World Cup.

The competition, which will take place at Boulevard Riyadh City from July 4 to Aug. 25, will bring together more than 2,500 gamers representing elite teams and clubs. The event features a prize pool of $60 million, the largest in esports history.

Powered by the Esports World Cup Foundation, the tournament aims to propel the e-gaming industry forward while creating promising opportunities for players and multi-team clubs.

The largest event in esports history, it will unite a global community that includes players, fans, game producers and publishers, with a focus on fostering connections and collaborations.

The unprecedented size of the prize pool means the cup is poised to become a milestone for the EWCF, which seeks to attract top talent and celebrate the popularity of esports.

The tournament will support the Kingdom’s efforts to elevate the world of esports and highlight its positive impact on society.

It will play a vital role in promoting cultural exchange and encouraging brands and companies to invest in the sector.


Far-right Israeli Cabinet minister visits contested Jerusalem holy site, raising tensions

Updated 22 min 23 sec ago
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Far-right Israeli Cabinet minister visits contested Jerusalem holy site, raising tensions

  • The visit was a response to a move by three European countries to unilaterally recognize an independent Palestinian state

TEL AVIV, Israel: Israel’s far right national security minister, Itamar Ben Gvir, visited Jerusalem’s Al Aqsa Mosque compound on Wednesday, declaring the contested holy site belongs “only to the state of Israel.”
Ben-Gvir said Wednesday’s visit was a response to a move by three European countries to unilaterally recognize an independent Palestinian state.
“We will not even allow a statement about a Palestinian state,” he said.
The hilltop compound is revered by Jews and Muslims, and the conflicting claims have led to numerous rounds of violence in the past.
Israel allows Jews to visit the compound, but not to pray there. But the visit is likely to be seen around the world as a provocation.
Norway, Ireland and Spain said Wednesday they are recognizing a Palestinian state in a historic move that drew condemnation from Israel and jubilation from the Palestinians. Israel immediately ordered back its ambassadors from Norway and Ireland.
The formal recognition will be made on May 28. The development is a step toward a long-held Palestinian aspiration that came against the backdrop of international outrage over the civilian death toll and humanitarian crisis in the Gaza Strip following Israel’s offensive there.
It was a lightning cascade of announcements. First was Norway, whose Prime Minister Jonas Gahr Støre said “there cannot be peace in the Middle East if there is no recognition.”
“By recognizing a Palestinian state, Norway supports the Arab peace plan,” he said and added that the Scandinavian country will “regard Palestine as an independent state with all the rights and obligations that entails.”
Several European Union countries have in the past weeks indicated that they plan to make the recognition, arguing a two-state solution is essential for lasting peace in the region. The decision may generate momentum for the recognition of a Palestinian state by other EU countries and could spur further steps at the United Nations, deepening Israel’s isolation.
Norway, which is not a member of the EU but mirror its moves, has been an ardent supporter of a two-state solution between Israel and the Palestinians.
“The terror has been committed by Hamas and militant groups who are not supporters of a two-state solution and the state of Israel,” the Norwegian government leader said. “Palestine has a fundamental right to an independent state.”
Since the unprecedented attack by Hamas-led militants on Israel on Oct. 7, Israeli forces have led assaults on the northern and southern edges of the Gaza Strip in May, causing a new exodus of hundreds of thousands of people, and sharply restricted the flow of aid, raising the risk of famine.
Wednesday’s announcements come more than 30 years after the first Oslo agreement was signed in 1993. Since then, “the Palestinians have taken important steps toward a two-state solution,” the Norwegian government said.
It added that the World Bank determined that a Palestinian state had met key criteria to function as a state in 2011, that national institutions have been built up to provide the population with important services.
“The war in Gaza and the constant expansion of illegal settlements in the West Bank still mean that the situation in Palestine is more difficult than it has been in decades,” it said.
In making his announcement, Irish Prime Minister Simon Harris said the move was coordinated with Spain and Norway — and that it was a “historic and important day for Ireland and for Palestine.” He said it was intended to help move the Israeli-Palestinian conflict to resolution through a two-state solution.
Harris said he thinks other countries will join Norway, Spain and Ireland in recognizing a Palestinian state “in the weeks ahead.”
Spanish Prime Minister Pedro Sánchez, Spain’s Socialist leader since 2018, made the expected announcement to the nation’s Parliament on Wednesday. He had spent months touring European and Middle Eastern countries to garner support for the recognition, as well as for a possible ceasefire in Gaza. He has said several times that he was committed to the move.
“We know that this initiative won’t bring back the past and the lives lost in Palestine, but we believe that it will give the Palestinians two things that are very important for their present and their future: dignity and hope,” Sánchez said.
“This recognition is not against anyone, it is not against the Israeli people,” Sánchez added, while acknowledging that it will most likely cause diplomatic tensions with Israel. “It is an act in favor of peace, justice and moral consistency.”
Sánchez argued that the move is needed to support the viability of a two-state solution that he said “is in serious danger” with the war in Gaza.
“I have spent weeks and months speaking with leaders inside and outside of the region and if one thing is clear is that Prime Minister (Benjamin) Netanyahu does not have a project of peace for Palestine, even if the fight against the terrorist group Hamas is legitimate,” the Spanish leader said.
Earlier this month, Spain’s Foreign Minister José Albares said he had informed US Secretary of State Antony Blinken of his government’s intention to recognize a Palestinian state.
Hugh Lovatt, a senior policy fellow at the European Council on Foreign Relations, said “recognition is a tangible step toward a viable political track leading to Palestinian self-determination.”
But in order for it to have an impact, he said, it must come with “tangible steps to counter Israel’s annexation and settlement of Palestinian territory – such as banning settlement products and financial services.”
Israel’s Foreign Minister Israel Katz ordered Israel’s ambassadors from Ireland and Norway to immediately return to Israel. He spoke before Spain’s announcement.
“Ireland and Norway intend to send a message today to the Palestinians and the whole world: terrorism pays,” Katz said.
He said that the recognition could impede efforts to return Israel’s hostages being held in Gaza and makes a ceasefire less likely by “rewarding the jihadists of Hamas and Iran.” He also threatened to recall Israel’s ambassador to Spain if the country takes a similar position.
Regarding the Israeli decision to recall its ambassador in Oslo, Gahr Støre said “we will take note of that. This is a government with which we have many disagreements. What we agree on is to condemn Hamas’s cruel attack on Oct. 7.”
Palestinian President Mahmoud Abbas, speaking after Norway’s announcement, welcomed the move and called on other countries to follow.
In a statement carried by the official Wafa news agency, Abbas said Norway’s decision will enshrine “the Palestinian people’s right to self-determination” and support efforts to bring about a two-state solution with Israel.
Some 140 countries have already recognized a Palestinian state — more than two-thirds of United Nations members — but none of the major Western powers has done so. This move could put more pressure continental heavyweights France and Germany to reconsider their position.
The United States and Britain, among others, have backed the idea of an independent Palestinian state existing alongside Israel as a solution to the Middle East’s most intractable conflict. They insist, however, that Palestinian independence should come as part of a negotiated settlement.
The head of the Arab League called the step taken by the trio of European nations as “a courageous step.”
“I salute and thank the three countries for this step that puts them on the right side of history in this conflict,” Arab League Secretary-General Ahmed Aboul-Gheit wrote on the social media platform X.
Turkiye also applauded the decision, calling it an important step toward the restoration of the “usurped rights of the Palestinians.”
The Turkish Foreign Ministry also said the move would help “Palestine gain the status it deserves in the international community.”


GCC banks’ net profit surge 10.5% to 14.4bn: Kamco Invest

Updated 31 min 28 sec ago
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GCC banks’ net profit surge 10.5% to 14.4bn: Kamco Invest

RIYADH: Net profit of banks in the Gulf Cooperation Council region surged by 10.5 percent year-on-year in the first quarter of 2024 to $14.4 billion, an analysis showed.

In its latest report, Kamco Invest said that the bottom line performance of these banks also witnessed a rise of 11.8 percent in the first quarter compared to the previous three months. 

The study added that an increase in lending continued in the region despite higher borrowing costs. 

“The strong growth came despite a fall in revenues during the quarter and reflected a fall in total operating expenses coupled with a steep fall in quarterly impairments,” said the asset management company. 

According to the analysis, banks in Saudi Arabia registered the most robust growth in the first quarter of 2023 at 3.3 percent, while gross credit data for UAE banks showed an increase of 1.1 percent during the first two months of the year. 

“Data on listed banks showed gross loans reaching a record high of $2.02 trillion at the end of the first quarter of 2024, registering a quarter-on-quarter growth of 1.8 percent while aggregate net loans reached $1.92 trillion after a sequential growth of 2.3 percent,” the report added. 

Kamco Invest revealed that customer deposits grew at a much stronger pace during the quarter as depositors eyed higher interest income. 

The report noted that total customer deposits in the GCC region reached $2.45 trillion at the end of the first quarter after witnessing the most extensive quarter-on-quarter growth in for a year at 2.8 percent. 

However, in the first quarter, the total revenue of listed banks in the GCC region fell for the first time in 12 quarters to $31.4 billion due to the impact of elevated interest rates. 

According to the analysis, the first quarter registered a flattish gain in total interest income, reaching $50.5 billion, with the yield on credit averaging at 4.3 percent, in line with the trend over the last three quarters. 

However, the continued rise in interest expenses, which reached $29.3 billion for the quarter, more than offset the growth in interest income

On the other hand, aggregate non-interest income declined for the first time in six quarters during the first quarter to reach $10.2 billion, from $10.7 billion in the last three months of 2023. 

“Non-interest income also witnessed a decline during the quarter after a fall in other interest income more than offset a growth in management fees and commission income during the first quarter of 2024,” the report added.