Bahrain says conference co-hosted with US aimed at helping Palestinians

Bahrain’s foreign minister, Sheikh Khalid bin Ahmed Al-Khalifa, defended his country’s decision to host a White House-engineered summit to address the Israeli-Palestinian crisis, saying Bahrain’s only objective is to support the “brotherly Palestinian people.” (File/AP)
Updated 21 May 2019

Bahrain says conference co-hosted with US aimed at helping Palestinians

DUBAI: Bahrain said Tuesday a peace conference it is co-hosting next month with the US is aimed at helping the Palestinians, who have criticized the kingdom for failing to consult them about the event.
The conference “serves no other purpose” than to help the Palestinian people “through developing their abilities and enhancing their resources,” said Foreign Minister Khalid bin Ahmed Al-Khalifa.
The kingdom “remains supportive of the brotherly Palestinian people in restoring their legitimate rights on their land as well as establishing an independent state with east Jerusalem as its capital,” Bahrain’s top diplomat said in a statement.
The White House announced Sunday it would co-host the June 25-26 conference with Bahrain focusing on economic aspects of the long-delayed US peace plan, with the declared aim of achieving Palestinian prosperity.
“We were not consulted by any party on the announced meeting to take place in Manama, Bahrain,” Saeb Erekat, secretary general of the Palestine Liberation Organization, said in a statement.
“We have not mandated any party to negotiate on our behalf.”
The Palestinians have boycotted the US administration since President Donald Trump broke with decades of consensus and recognized Jerusalem as Israel’s capital in December 2017.
They consider the eastern part of the city the capital of their future state and have shown little interest in the US peace plan, which they fear will be heavily biased in favor of Israel.
Dubbed “Peace for Prosperity,” the conference is expected to bring together leaders from several governments, civil society and the business sector.
Trump’s office said the conference was a “pivotal opportunity... to share ideas, discuss strategies, and galvanize support for potential economic investments and initiatives that could be made possible by a peace agreement.”
The Palestinians see this as offering financial rewards in exchange for accepting ongoing Israeli occupation.
“Attempts at promoting an economic normalization of the Israeli occupation of Palestine will be rejected,” Erekat said.


Banks in Lebanon reopen amid security increase

Updated 19 November 2019

Banks in Lebanon reopen amid security increase

  • Two security guards will be placed in front of each bank, and security patrols will be conducted in cities

BEIRUT: Banks in Lebanon will reopen on Tuesday after the Association of Banks in Lebanon approved measures to ease the anger of depositors and customers. 

More than 3,000 members of Beirut’s police, the regional gendarmerie, the judicial police, and the information division of the Internal Security Forces will provide protection to banks and their employees, who carried out an open strike for a week.

They did so due to customers’ anger over measures applied by banks on withdrawals and transfers amid Lebanon’s severe political and economic crisis, which sparked mass protests that have been ongoing for 33 days.

Two security guards will be placed in front of each bank, and security patrols will be conducted in cities.

The Association of Banks in Lebanon decided on Sunday to “stop restrictions on new funds transferred from abroad, provided that remittances abroad only cover urgent personal expenses.”

It also decided to lift restrictions on the circulation of checks, transfers, and the use of credit cards in Lebanon. 

As for the use of credit cards abroad, ceilings are determined by agreements between banks and customers.

The association has determined a maximum cash withdrawal rate of $1,000 per week for holders of current accounts in dollars, while checks issued in foreign currencies will be transferred into their account.

It has also urged customers to “use their credit cards, especially in Lebanese pounds, to buy their needs.”

Meanwhile, protesters are preparing to block roads leading to Parliament in the heart of Beirut on Tuesday, to prevent a legislative session from taking place. The session had already been postponed for a week.

In an attempt to placate protesters, the presidential palace’s media office said the president has ordered investigations into “financial crimes, waste, forgery, money laundering and suspicious transactions,” as well as “negligence at work, promotion of counterfeit medicines and suspicious reconciliation contracts.”