G20 summit officially opens in Japan’s Osaka

Japan’s Prime Minister Shinzo Abe opened the meeting. (AFP)
Updated 28 June 2019

G20 summit officially opens in Japan’s Osaka

  • The first session of the meeting is focused on the digital economy
  • The summit will be dominated by contentious discussions on trade, geopolitical tensions, and climate change

OSAKA: Leaders of the Group of 20 opened a high-stakes summit in Japan’s Osaka Friday that is expected to be one of the most fractious in years.
Japan’s Prime Minister Shinzo Abe opened the meeting, which will be dominated by contentious discussions on trade, geopolitical tensions, and climate change.
But the mood appeared friendly in the opening minutes, with smiles on the faces of the arriving leaders as they posed for the traditional “family photograph.”
US President Donald Trump and China’s Xi Jinping, whose countries are mired in a damaging trade war, exchanged a handshake before the photo.
And as the leaders headed into the first session, French President Emmanuel Macron leaned down to whisper something into Trump’s ear, covering his mouth for privacy as he did so.
The first session of the meeting is focused on the digital economy, with concerns about privacy and security on the agenda.
“Digitalization has rapidly changed various aspects of our society and economy,” Abe said as he opened the session.
“I’m happy to see the momentum to globally tackle the digital economy.”
But in a sign of the ongoing tensions likely to dominate talks, Trump appeared to make reference to US concerns about the security threat posed by Chinese telecoms firm Huawei.
As “we expand digital trade, we must also ensure the resilience and security of our 5G networks,” he said.
Trump’s administration has taken measures to ban Huawei, with China reportedly seeking an end to the restrictions as part of any resumption of talks on resolving the trade war.
The summit is being overshadowed by the trade war between the world’s top two economies, with hopes that Xi and Trump can reach a truce when they hold talks on Saturday on the sidelines of the summit.


UAE dives into Lake Manzala project

Updated 21 September 2020

UAE dives into Lake Manzala project

  • Egyptian campaign aims to return the lake to its previous state and revive local fishing industry

CAIRO: The UAE National Marine Dredging Company (NMDC) has announced that it won the rights to the expansion project of Lake Manzala in Egypt, valued at 600 million UAE dirhams ($163 million).

The company’s announcement of the new project came following a disclosure published on the Abu Dhabi Securities Exchange website. It ensures compliance with the principle of disclosure and transparency in force in the UAE.

Lake Manzala is one of Egypt’s largest natural lakes. It is known for its potential fishing opportunities, as it has the basis for high fish stocks due to natural nutrients and a moderate climate throughout the year. It produces about half of the natural fish production in lakes.

The lake has witnessed neglect in recent years, losing much of its importance and wealth. In May 2017 Egyptian President Abdel Fattah El-Sisi launched a national project to develop Egyptian lakes, with a key focus on Lake Manzala.

NMDC said in a statement that winning the project came through its partnership with the Egyptian-Emirati Challenge Company. It said that it will take about two years to implement the project.

NMDC is one of the leading companies in the field of dredging, land reclamation and civil and marine construction in the Middle East. The Lake Manzala development project aims to improve the quality of water to restore free fishing and return the lake to its previous state, which will boost the local market and export output.

President El-Sisi said that Lake Manzala will contribute to enhancing Egypt’s fishing industry, and export operations will be activated after its full development. He directed the border governorates, in coordination with the Ministry of Interior and the Armed Forces, to remove all encroachments and criminal outposts on the lake.

Several days ago, Dakahlia governorate completed a difficult operation to remove encroachments on the lake. A large campaign that used Armed Forces Engineering Authority equipment removed 301 houses in the Abdo El-Salhy area in El-Matareya city, known as the “fishermen’s land,” which was built on areas that were filled in from the lake. The operation occurred after local fishermen were persuaded to obtain compensation for vacating their houses.

Magdy Zaher, executive director of Manzala Lake, said that the engineering authority used 320 excavators and 20 imported suction dredgers to work in the lake.

The authority dredged the upper islands isolated from the water with the help of an Emirati bulldozing company to increase the efficiency and purification of Lake Manzala.

Zaher said the lake project will require several steps.

The most important is the removal of encroachments on the water surface and doubling its area to 250,000 feddans, he said. Dredging and deepening the lake, opening the gates and extending the radial channels to allow Mediterranean waters to enter the lake will follow, he added.

A safety belt will come in the form of a road 80 km long and 30 meters wide, which will surround the lake and prevent future encroachments. It will also divert the course of the Bahr El-Baqar water treatment plant, which pours 12 million cubic meters of sanitary, industrial and agricultural drainage into the lake, Zaher said.