Saudi Arabia: Palestinian initiative ‘a great opportunity to bring prosperity and opportunities’

Saudi Arabia: Palestinian initiative ‘a great opportunity to bring prosperity and opportunities’
Saudi Arabia's Finance Minister Mohammed Al-Jadaan speaking during a panel discussion in Bahrain on a plan for Palestinian economic prosperity. (Screengrab)
Updated 27 June 2019

Saudi Arabia: Palestinian initiative ‘a great opportunity to bring prosperity and opportunities’

Saudi Arabia: Palestinian initiative ‘a great opportunity to bring prosperity and opportunities’
  • UAE’s Minister of State for Financial Affairs Obaid Humaid Al-Tayer said "we should give this initiative a chance."
  • Tony Blair insists to Jared Kushner that there must be a two-state solution

MANAMA: Saudi Arabia's Finance Minister Mohammed Al-Jadaan said Wednesday the Kingdom will support whatever economic plan will bring prosperity to the Palestinians.

Speaking on the second day of an international conference on a US initiative to improve the economic plight of Gaza and the West Bank, Al-Jadaan said he was “very, very optimistic” about the plan. 

“The region is in desperate need of prosperity and hope and we and our colleagues share the view that whatever brings prosperity to this region, we will support it,” he said, alongside US Treasury Secretary, Steven Mnuchin and the Bahraini and Emirati finance ministers.

“We have been a great supporter of Palestine for decades … so its not something we are going to shy away from and we will continue supporting the Palestinians,” Al-Jadaan added.

 

 

The initiative was outlined by Donald Trump's senior advisor and son-in-law Jared Kushner on Tuesday as the conference in Bahrain got under way. The $50 billion economic formula would see investment in infrastructure, tourism and education.

Palestinian leaders have accused the plan of legitimising Israel’s occupation of their territory and for being secondary to a political resolution to the conflict. But on the second day of the conference, both Arab and western political leaders, ministers and  business chiefs discussed what needed to be done to make the plan work.

Al-Jadaan said the plan was a “great opportunity” and that there was a “significant international commitment” to support the people of Palestine to bring prosperity and opportunities.

“You need political commitment, you need clear transparency, you need predictability for the private sector to join, you need the rule of law … and you want to make sure that there is proper governance in place,” he said. 

The UAE’s Minister of State for Financial Affairs Obaid Humaid Al-Tayer said "we should give this initiative a chance."

Earlier, Jared Kushner discussed the initiative with the former British prime minister Tony Blair, who insisted there still must be a two-state solution to the conflict. The White House has not said it backs the principle, and the political element of its plan has not yet been revealed.

 

 

"It's absolutely foolish to believe you can have economics without sound politics, but it's likewise completely futile to think politics will work without economics buttressing it," Blair told the gathering.

The foreign minister of Bahrain also reiterated the need for a two-state solution but said the plan was an "opportunity not to be missed".

"I think if we take this matter seriously it could be a very important game-changer," Sheikh Khalid bin Ahmed Al-Khalifa said.

In an earlier panel, Arab News Editor-in-Chief Faisal J. Abbas said the initiative “will definitely require a lot of work but it is definitely achievable.”

Bahrain’s Labor Market CEO Osama Al-Absi, told the panel, entitled Empowering the People, “we must look at how post-war economies were built” in order to make the plan work.

International Monetary Fund managing director, Christine Lagarde, said generating economic growth in conflict-riven countries can be a struggle.

The IMF puts unemployment at 30 percent in the West Bank and 50 percent in Gaza, which has suffered years of Israeli and Egyptian blockades and recent foreign aid cuts and sanctions by the Palestinian Authority, Hamas' rival in the Israeli-occupied West bank.

"Gaza right now is feeling a lot of pain because of bad leadership and the sanctions that have been imposed on them because of it," Kushner said. "So the question that (Hamas)leadership has to ask themselves is...do they hate their neighbour in Israel more than they love their citizens and their people?"

The 179 proposed infrastructure and business projects in the plan include a $5 billion transportation corridor to connect the West Bank and Gaza, which has been floated before and stalled for lack of underlying political or security agreements.

Palestinian businessman Ashraf Jabari, chairman of the Palestinian Business Network, told the gathering it is difficult to build an economy with a "siege and unstable situation".

"Frankly, we demand an independent Palestinian state on the territories occupied by Israel in 1967," said the businessman from Hebron who has co-founded a trade group to boost business between Palestinians and Israeli settlers."

Neither the Israeli nor Palestinian governments attended the Bahrain meeting, which takes place amid a years-long stalemate in other international efforts to resolve the conflict.
Senior Palestine Liberation Organisation official Hanan Ashrawi, speaking in Ramallah, said the Manama conference was "quite disingenuous".
"It is totally divorced from reality. The elephant in the room is the (Israeli) occupation itself," she said.

*With Reuters


UAE confirms record 3,529 new COVID-19 cases plus 4 more deaths

UAE confirms record 3,529 new COVID-19 cases plus 4 more deaths
Updated 22 January 2021

UAE confirms record 3,529 new COVID-19 cases plus 4 more deaths

UAE confirms record 3,529 new COVID-19 cases plus 4 more deaths
  • Dubai Economy issued 2,100 fines and warnings, and closed down 175 businesses in 2020
  • Kuwait records 570 cases, Oman reports 169 cases and 1 death

DUBAI: Authorities in the UAE on Thursday recorded 3,529 new confirmed cases of COVID-19, the highest daily count to date, and four more deaths related to the disease.
Officials from the Ministry of Health and Prevention said the total number of cases in the country has reached 267,258, while the death toll stands at 766. A total of 239,322 patients have recovered from the disease, including 3,901 in the past 24 hours.
Dubai Economy, the emirate’s economic development authority, said it carried out 140,000 inspection visits last year, as a result of which it issued 2,100 fines and warnings, and closed down 175 businesses for failing to comply with precautionary measures designed to slow the spread of the virus.

During their latest daily inspection tours, the authority’s officials ordered one business to close, and issued 23 fines and two warnings for not following the health precautions.
Meanwhile Dubai Municipality announced it has stepped up its inspection campaigns. It added that five businesses were ordered to close, 18 were fined, and warnings were issued to 31 for lack of compliance with precautionary measures.
Dubai Tourism said it has issued more than 200 violation notices during the past three weeks and closed down about 20 establishments. It also announced that all previously issued entertainment permits are “on hold, effective immediately,” and added it will continue to evaluate the situation in consultation with the health authorities.
The General Department of Punitive and Correctional Institutions in Dubai Police has started to give the coronavirus vaccine to inmates of penal and correctional institutions, as part of the emirate’s efforts to achieve acquired immunity, according to a report by state news agency WAM.

Inmates reportedly said they were happy to be vaccinated and praised Dubai Police and medical staff in the prisons for providing them with the vaccinations, medical advice and check ups.
The Zayed Higher Organization for People of Determination, in cooperation with the Abu Dhabi Health Services Company, has launched a campaign to vaccinate people with disabilities, and their families. The effort will begin at the organization’s headquarters in Abu Dhabi, before expanding to Al-Ain and Al-Dhafra regions.

Abdullah Abdul Ali Al-Humaidan, the organization’s secretary-general, said that the vaccine is the safest and most effective way to limit the spread of COVID-19 and maintain the health and safety of the public.
Meanwhile, Umm Al-Quwain’s Executive Council informed all government agencies in the emirate that anti-coronavirus measures due to be implemented from Jan. 24 are being amended. The notice said all government employees will be required to take a PCR test every seven days, at their own expense, if they have not received the required two doses of the COVID-19 vaccine. This also applies to outsourced employees and public-service companies.
The council also urged all government agencies in the emirate to encourage their employees and workers to get the vaccination, which is available to everyone free of charge.
Elsewhere, Kuwait reported 570 new cases of COVID-19, raising the total in the country to 159,834. The death toll remains at 951, with no additional deaths reported in the previous 24 hours.

Oman’s health ministry confirmed 169 new cases and one additional death, bringing the national totals to 132,486 and 1,517, respectively.

In Bahrain the death toll stands at 366 after no new deaths were reported. The number of confirmed cases in the country increased by 305.