Benjamin Netanyahu fails to form government, Israel faces fresh poll

Agencies
May 30, 2019

Jerusalem, May 30: Israeli lawmakers voted to dissolve parliament on Thursday, paving the way for a new election after veteran Prime Minister Benjamin Netanyahu failed to form a coalition government before a midnight deadline.

Netanyahu preferred a new ballot, set for September 17, to the alternative, under which Israeli President Reuven Rivlin could have asked another politician to try and form a ruling coalition.

The election, Israel’s second this year after an April 9 poll in which Netanyahu claimed victory, means unprecedented upheaval even for a country used to political infighting.

“We will win,” Netanyahu, head of the right-wing Likud party, vowed after parliament voted for a fresh election when the deadline expired for him to assemble his fifth government.

But the need for a rematch was a blow to a combative leader, who has ruled for the past decade but faces looming indictments in three corruption cases.

The turmoil arose - officially, at least - from a feud over military conscription between Netanyahu’s presumed allies: ex-defense minister Avigdor Lieberman, a far-right secularist, and ultra-Orthodox Jewish parties.

Those parties want young religious scholars exempted, en masse from mandatory national service. But Lieberman and many other Israelis say they should share the burden.

Faced with the prospect of having to step aside at the end of a 42-day period to put together a government, Netanyahu instead drummed up votes to dissolve the Knesset, accusing Lieberman of aiming to topple him. Lieberman denied the allegation.  

The new election, with coalition-building that could stretch into November, could further delay US efforts to press ahead with President Donald Trump’s forthcoming plan to resolve the Israeli-Palestinian conflict.

Even before it has been announced, Palestinians have spurned the plan described by Trump as “the deal of the century” as a blow to their statehood hopes.

“Now it is the deal of the next century,” Palestinian chief negotiator Saeb Erekat told Israel Radio after the new Israeli election was set.

The White House team behind the peace proposal, including Trump’s son-in-law Jared Kushner, is in the Middle East to drum up support for what he styles as an economic workshop in Bahrain next month to encourage investment in the occupied West Bank and Gaza.

The group planned to meet Netanyahu later on Thursday.

First elected in the late 1990s, Netanyahu will in July overtake Israel’s founding father, David Ben-Gurion, as Israel’s longest-serving premier.

But the failed coalition building of a 69-year-old leader, who just weeks ago was hailed by supporters as a political magician, may open rifts and stir up challenges within Likud.

The last election, in which Netanyahu showcased his warm relations with Trump and frequent contacts with Russian President Vladimir Putin, ended with him neck-and-neck with Benny Gantz, a politically untested ex-armed forces chief and head of the centrist Blue and White party.

But Netanyahu was given the nod to form a government after ultranationalist, right-wing and religious party leaders voiced their support.

Dubbed “crime minister” by his opponents, Netanyahu has denied any wrongdoing in the graft investigations he faces. In February, Israel’s attorney general said he intended to charge him with bribery and fraud. Netanyahu, who denies wrongdoing, faces a pre-trial hearing in October.

Until the coalition collapsed, public attention had been focused on moves by Netanyahu loyalists to grant the prime minister immunity from criminal prosecution and to pass a law ensuring such protection could not be withdrawn by the Supreme Court.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 22,2020

Riyadh, Jun 22: The Ministry of Municipal and Rural Affairs (MMRA) in Saudi Arabia has announced the continuation of the ban on providing Shisha (hubble-bubble), and the closure of children's play areas in restaurants as a precautionary measure for protecting the health of citizens and residents from the novel coronavirus COVID-19 infection.

The new stage, in which the Kingdom is beginning to coexist with the virus, focuses on the concept of "social distancing" that has emerged since the start of the coronavirus crisis throughout the world,

It stipulates leaving at least 2 meters between one person and the other in public places to prevent the transmission of infection, in addition to covering the mouth and nose by wearing a facemask.

It also specifies complying with the preventive protocols in workplaces, stores, shops, mosques and tourist attractions, with human gatherings not to exceed 50 people, as a maximum.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
May 1,2020

Saudi Arabia has initiated refund of work visa fee to foreigners unable to travel to the Kingdom due to the suspension of international flights in the aftermath of Covid-19 pandemic.

Several work visas were cancelled, following which the Ministry of Human Resources and Social Development, in cooperation and coordination with the Ministry of Foreign Affairs, announced the refund. The cancellation and refunding of the stamped visas will be considered effective from the date of issuance of the royal decree on March 18, reported Saudi Gazette.

As a precautionary measure to curb the spread of coronavirus, the Kingdom suspended all international flight. The ministry of health in Saudi Arabia on Wednesday announced 1,325 new Covid-19 coronavirus cases and 169 recoveries. With this, the total number of cases in the Kingdom now stands at 21,402, while recoveries stand at 2,953, as on Wednesday reported KT.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.