Donald Trump pledges Mideast peace plan within months

Agencies
September 27, 2018

United Nations, Sep 27: President Donald Trump vowed Wednesday to present a "very fair" Middle East peace plan by the end of the year and endorsed a two-state solution, apparently confident that the Palestinians would return to talks despite his unwavering support for Israel.

Holding talks with Israeli Prime Minister Benjamin Netanyahu in New York, Trump said it was a "dream" of his to bring about a peaceful solution to a conflict that has eluded several of his predecessors.

While Trump said he expected Israel to make concessions in any final settlement of the decades-old conflict, the Palestinians said his administration's policies in the Middle East were destroying hopes of peace.

Jared Kushner, who is Trump's son-in-law as well as a senior advisor in the White House, has been working on a peace plan for more than a year, but there have been few clues to date on what he is expected to propose.

"I would say over the next two to three to four months," Trump said, referring to his prospective timetable for presenting a plan.

Trump, who met with Netanyahu on the sidelines of the UN General Assembly, said explicitly for the first time that he backed a two-state solution, saying: "That's what I think works best, that's my feeling." "I really believe something will happen. It is a dream of mine to be able to get that done prior to the end of my first term," added Trump, who was elected to serve four years through January 2021.

"Jared, who's so involved, he loves Israel but he's also going to be very fair with the Palestinians," the US president later told a news conference.

"I think probably two-state is more likely but if they do a single, if they do a double, I'm okay with it if they're both happy. If they're both happy, I'm okay with either. I think the two-state is more likely," he said.

Middle East peace efforts effectively stalled when the Palestinians broke off contacts with the Trump administration last year in protest at Trump's landmark decision to recognize Jerusalem as the capital of Israel.

Palestinian foreign affairs minister Riyad al-Maliki was unimpressed with Trump's remarks, saying the US president chose his tone because he was appearing with Netanyahu.

Maliki -- speaking after meeting in New York with representatives from 40 countries but not Kushner or other US officials -- said Trump needed to state clearly that a two-state solution would include a return to borders from before the 1967 Six-Day War and that east Jerusalem is occupied rather than part of Israel.

"These are important statements that President Trump has to say in order just to convince anyone that he is committed to real peace in our region," Maliki told reporters.

Maliki said that the Palestinians met more than 40 times with Trump's envoys only "to discover that they have opted to open that war against the Palestinians to inflict the most damage." 

Relations between the Palestinian Authority and the United States plummeted even lower in recent weeks after Washington cut off all funding to a UN agency that helps millions of Palestinian refugees, triggering a budget panic.

Trump said, however, that he was in no doubt that the Palestinians would soon return to the negotiating table. "Absolutely, 100 percent," he said.

"Lots of good things are happening," said Trump, before adding: "Israel will have to do something that will be good for the other side." 

Israeli media quoted Netanyahu as saying that Israel must retain security control in any peace deal with the Palestinians west of Jordan to the Mediterranean -- which includes the occupied West Bank.

"Israel will not relinquish security control west of Jordan. This will not happen so long as I am prime minister and I think the Americans understand that," he reportedly said.

Several of Trump's predecessors have played leading roles in trying to bring an end to the conflict, including Jimmy Carter, who brokered the 1978 Camp David agreement, which saw Egypt formally recognize Israel.

Bill Clinton oversaw the Oslo peace accords in 1993 which spelled out the aim of a two-state solution and allowed for the creation of the Palestinian Authority which is meant to rule over the West Bank and Gaza Strip.

But it left issues such as the borders and status of Jerusalem unresolved.

Egypt and Jordan are still the only Arab nations that formally recognize Israel.

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News Network
July 20,2020

The International Cricket Council (ICC) today confirmed the ICC Men’s T20 World Cup in Australia 2020 has been postponed due to the ongoing COVID-19 pandemic

At today’s meeting of the IBC Board (the commercial subsidiary of the ICC), windows for the next three ICC men’s events were also agreed to bring clarity to the calendar and give the sport the best possible opportunity over the next three years to recover from the disruption caused by COVID-19.

The windows for the Men’s events are:

1. ICC Men’s T20 World Cup 2021 will be held October – November 2021 with the final on 14 November 2021

2. ICC Men’s T20 World Cup 2022 will be held October – November 2022 with the final on 13 November 2022

3. ICC Men’s Cricket World Cup 2023 will be held in India October – November 2023 with the final on 26 November 2023

The IBC Board agreed to continue to monitor the rapidly changing situation and assess all the information available in order to make a considered decision on future hosts to ensure the sport is able to stage safe and successful global events in 2021 and 2022.

The IBC Board will also continue to evaluate the situation in relation to being able to stage the ICC Women’s Cricket World Cup 2021 in New Zealand in February next year. In the meantime, planning for this event continues as scheduled.

The Board will also continue to evaluate the situation in relation to being able to stage the ICC Women’s Cricket World Cup 2021.

ICC Chief Executive Manu Sawhney said: “We have undertaken a comprehensive and complex contingency planning exercise and through this process, our number one priority has been to protect the health and safety of everyone involved in the sport.

“The decision to postpone the ICC Men’s T20 World Cup was taken after careful consideration of all of the options available to us and gives us the best possible opportunity of delivering two safe and successful T20 World Cups for fans around the world.

“Our Members now have the clarity they need around event windows to enable them to reschedule lost bilateral and domestic cricket. Moving the Men’s Cricket World Cup to a later window is a critical element of this and gives us a better chance of maintaining the integrity of the qualification process. This additional time will be used to reschedule games that might be lost because of the pandemic ensuring qualification can be decided on the field of play.

“Throughout this process we have worked closely with our key stakeholders including governments, Members, broadcasters, partners and medical experts to enable us to reach a collective decision for the good of the game and our fans. I would like to thank everyone involved for their commitment to a safe return to cricket.”

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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.

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News Network
January 3,2020

Hong Kong, Jan 3: Oil prices soared more than four per cent Friday following claims that the US had killed a top Iranian general, ratcheting up tensions between the foes and fuelling fears of a conflict in the crude-rich region.

The head of Iran's Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.

Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.

“Oil prices still have room for further upside as many analysts are still having to upgrade their demand forecasts to include a rather calm period on the trade front,” Moya said, referring to the warming trade relation between China and the United States.

“President Trump is likely to take a break on being ‘tariff man’ until we get beyond the presidential election in November.”

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