Hamas warns against US ‘deal of the century’ aimed at demolishing Palestinian cause

AL jazeera
December 27, 2017

Dec 27: Hamas leader Ismail Haniya has said that the US had offered the Palestinian Authority government a Jerusalem suburb, Abu Dis, as an alternative to East Jerusalem for the capital of a future Palestinian state.

Speaking at a meeting with Palestinian clan leaders in the Gaza Strip on Tuesday, Haniya labelled President Donald Trump's recent decision to recognise Jerusalem as Israel's capital a ploy to demolish the Palestinian cause in line with the so-called deal of the century.

"The US is still offering deals and continues to be on the side of the Palestinian Authority (PA) one way or another, in order to give them a capital or entity in the Abu Dis area, away from Jerusalem, with a bridge linking to al-Aqsa Mosque allowing for the freedom of prayer," he said.

Haniya said certain regional forces are seeking to divide the West Bank into three sections, in addition to creating a political entity in the Gaza Strip with its own controlling powers.

Al Jazeera's Wael al-Dahdouh, reporting from Gaza City, said Haniya cautioned local, regional and international players against working to implement the US plan for the Middle East, which is yet to be published.

Jared Kushner, Trump's son-in-law and a White Houser adviser, has been spearheading efforts to gauge the possibility of resuming the Israeli-Palestinian peace process.

"Haniya sent a warning to all the parties that are involved in this 'deal of the century', whether they are Palestinian, Arab or Muslim, or international," Dahdouh said.

"There are also signs that the Israelis will take advantage of this deal to impose their version of facts on the ground, such as the Judaization of Jerusalem bill that will be voted on tomorrow."

Haniya said the US decision to recognise Jerusalem as the capital of Israel introduces new risks that could affect the nature of the relationship between Palestine and Jordan.

He cited reports of discussions regarding an alternative homeland for Palestinians and a confederation between Jordan and Palestine.

Haniya said he hasd spoken to King Abdullah of Jordan about what he saw as the dangers arising from the Jerusalem decision, the resettlement project and alternative homeland.

He also asked Palestinians to continue their "uprising" against Trump's decision, and for popular movements in the Arab and Muslim capitals to carry on their protests.

Addressing the ongoing reconciliation process between the two main Palestinian groups, Fatah and Hamas, Haniya said the internal political issues need to be addressed quickly In order for a unified government to devote itself to major national issues.

He also sounded a warning regarding the potential "grave" consequences of the slow implementation of the Egypt-brokered reconciliation agreement, which was signed in October in Cairo by Fatah and Hamas representatives.

For his part, Yahya Sinwar, the prime minister of the Hamas government, speaking at Tuesday's meeting in Gaza, called for efforts to support reconciliation efforts aimed at "uniting in the battle of Jerusalem".

He also demanded that the Palestinian leadership "convene the unified leadership framework of the Palestinian Liberation Organisation (PLO) in the presence of all Palestinians".

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
May 20,2020

New Delhi, May 20: With 5,611 new cases reported in the last 24 hours, India's COVID-19 tally reached 1,06,750 on Wednesday, according to the Union Ministry of Health and Family Welfare.

As many as 140 deaths have been reported in the last 24 hours, taking the total number of deaths to 3,303.

Out of the total cases, 61,149 are actives cases and 42,298 patients have been cured/discharged/migrated.

Maharashtra continues to remain the worst-affected state with 37,136 cases, followed by Tamil Nadu (12,448 cases), Gujarat (12,140 cases), and Delhi (10,554 cases).

The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.

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News Network
February 14,2020

Feb 14: R K Pachauri, a former chief of The Energy and Resources Institute, passed away on Thursday after a prolonged cardiac ailment, TERI Director General Ajay Mathur said.

He was 79.

"It is with immense sadness that we announce the passing away of R K Pachauri, the founder Director of TERI. The entire TERI family stands with the family of Dr Pachauri in this hour of grief," Mathur said in a statement issued by the TERI.

"TERI is what it is because of Dr Pachauri's untiring perseverance. He played a pivotal role in growing this institution, and making it a premier global organisation in the sustainability space," said Mathur, who succeeded Pachauri at TERI in 2015. Pachauri was admitted to Escorts Heart Institute in the national capital where he underwent open heart surgery and was put on life support on Tuesday, sources said.

In the statement issued by TERI, its Chairman Nitin Desai hailed Pachauri's contribution to global sustainable development as "unparalleled".

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