Jordan, Egypt, Syria and Lebanon's energy ministers will meet in Amman on Wednesday after Syria agreed to allow gas and electricity to pass through its territory to help Lebanon tackle its energy crisis, state media said.
A delegation led by Lebanon's caretaker deputy prime minister Zeina Akar met Syria's Foreign Minister Faisal Mekdad and Oil Minister Bassam Tomeh In Damascus on Saturday to finalise the details.
Lebanon hopes to strike a deal to import gas from Egypt and electricity from Jordan using Syrian infrastructure. Beirut wants Washington's blessing, despite the US imposing sanctions on the Syrian regime.
Fuel shortages and power cuts caused by Lebanon's economic collapse have paralysed businesses, as well as vital services such as hospitals.
Analysts said such a deal could be a step to opening the door for Syria's reintegration into the international community over a decade after the regime's bloody crackdown on protests escalated into a devastating civil war.
Syria is ready to help Lebanon with "transit for Egyptian gas and Jordanian electricity via Syrian territory", said Nasri Khoury, secretary general of the Lebanese-Syrian Higher Council.
"The parties agreed to set up a joint team to track technical details," he said.
A meeting is to be held next week in Jordan with representatives from Beirut, Amman, Damascus and Cairo to discuss technical and financial issues and to decide on a work plan and timetable, Lebanese Energy Minister Raymond Ghajar said.
Work will be needed to get Syria's war-ravaged infrastructure up to the task of transferring the energy.
Lebanon's presidency has previously spoken of US-led talks with the World Bank to finance its imports of electricity and fuel.
Lebanon has maintained diplomatic ties with Syria but adopted a policy of dissociation from the Syrian conflict after it started in 2011, putting a dampener on official dealings.
Lebanese security officials and politicians have made several visits to Syria in recent years, but almost exclusively in a personal capacity or on behalf of political parties that support the government of President Bashar Al Assad.
They include representatives of the Iran-backed Hezbollah movement, which has been fighting alongside regime forces since the early stages of the war.
The Lebanese presidency said last month that the US agreed to help Lebanon secure electricity and natural gas from Jordan and Egypt through Syrian territory.
This implies the US is willing to waive Western sanctions that prohibit official transactions with the Syrian government and that hampered previous attempts by Lebanon to bring in gas from Egypt.
That announcement followed a statement from Hezbollah that Iran would begin sending fuel to Lebanon.
On Friday, shipping website Tanker Trackers said the first two ships had set off.
Lebanon, a country of more than six million people, is suffering from an economic crisis that the World Bank has described as one of the worst in the world in modern times.
The central bank is struggling to pay for basic imports, including fuel, which has caused shortages and power cuts that now last up to 22 hours a day.
Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.
The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.
The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.
Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.
The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
Mindful Eating by Dr Jan Bays
How to Raise a Mindful Eaterby Maryann Jacobsen
Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix
GP3 qualifying, 10:15am
Formula 2, practice 11:30am
Formula 1, first practice, 1pm
GP3 qualifying session, 3.10pm
Formula 1 second practice, 5pm
Formula 2 qualifying, 7pm
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.
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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.
UAE currency: the story behind the money in your pockets
Sanju
Produced: Vidhu Vinod Chopra, Rajkumar Hirani
Director: Rajkumar Hirani
Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani
Rating: 3.5 stars
Company%20profile
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