Israeli Prime Minister Benjamin Netanyahu (second from right), flanked by Deputy Prime Minister and Minister of Justice Yariv Levin (second from left), Foreign Minister Eli Cohen (left) and Cabinet Secretary Yossi Fuchs, attends cabinet meeting in Jerusalem on Sunday. EPA
Israeli Prime Minister Benjamin Netanyahu (second from right), flanked by Deputy Prime Minister and Minister of Justice Yariv Levin (second from left), Foreign Minister Eli Cohen (left) and Cabinet Secretary Yossi Fuchs, attends cabinet meeting in Jerusalem on Sunday. EPA
Israeli Prime Minister Benjamin Netanyahu (second from right), flanked by Deputy Prime Minister and Minister of Justice Yariv Levin (second from left), Foreign Minister Eli Cohen (left) and Cabinet Secretary Yossi Fuchs, attends cabinet meeting in Jerusalem on Sunday. EPA
Israeli Prime Minister Benjamin Netanyahu (second from right), flanked by Deputy Prime Minister and Minister of Justice Yariv Levin (second from left), Foreign Minister Eli Cohen (left) and Cabinet Se

Netanyahu to visit China despite US concerns


Thomas Helm
  • English
  • Arabic

Israeli Prime Minister Benjamin Netanyahu said on Tuesday that he has been invited to China, in a fresh sign that Beijing is trying to increase its power in the Middle East.

Mr Netanyahu made the announcement while meeting members of the US House of Representatives, according to Israel's government press office.

No dates for the visit have been given.

The Prime Minister is yet to receive an official invitation to the US, despite it being almost half a year since he formed his government, which is considered the most right-wing in Israel's history.

The lack of an invitation is widely seen as a sign of Washington's displeasure at what it views as Mr Netanyahu's government's radical agenda, which includes rapidly expanding Israel's settlement programme in the occupied West Bank and plans for a deeply controversial legal reform, which opponents say threatens democracy in the country.

Palestinian President Mahmoud Abbas shakes hands with China’s President Xi Jinping after a signing ceremony at the Great Hall of the People in Beijing on June 14, 2023. Getty
Palestinian President Mahmoud Abbas shakes hands with China’s President Xi Jinping after a signing ceremony at the Great Hall of the People in Beijing on June 14, 2023. Getty

Mr Netanyahu stressed in the meeting that the US remains Israel's "most vital and irreplaceable ally," a sign that Israel's government is trying to placate American concerns over Beijing's growing footprint in the region.

Opposition politician and former senior Mossad official Ram Ben Barak said the visit would be a “strategic mistake of the first order”.

Earlier this month, China hosted Palestinian President Mahmoud Abbas, during which both sides expanded plans to form a strategic partnership.

This included China putting Palestine forward for dialogue partner status at the Shanghai Co-operation Organisation, a multilateral body that focuses mostly on regional security threats.

The trip will be Mr Netanyahu's fourth visit to China.

While you're here
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

Updated: June 27, 2023, 12:25 PM