Jordan's Foreign Minister Ayman Safadi speaks during the inauguration of the 14th regional security summit "The Manama Dialogue" in Manama, Bahrain October 26, 2018. REUTERS/Hamad l Mohammed
Jordan's Foreign Minister Ayman Safadi speaks during the inauguration of the 14th regional security summit 'The Manama Dialogue' in Manama, Bahrain  REUTERS/Hamad l Mohammed

King Abdullah says 'full funds' must go to Palestinian aid agency



Jordan's Foreign Minister Ayman Safadi called on Friday for "full funds" to be allocated to UN's Palestinian refugee agency, following a financial crisis triggered by US funding cuts.

Mr Safadi spoke on behalf of King Abdullah of Jordan who cancelled a scheduled appearance at a security conference in Manama, Bahrain, after the deaths of at least 21 people in flash floods near the Dead Sea.

"A critical security concern for the region and the world is the long denial of Palestinian statehood. This conflict has been a global disrupter of peace and stability," Mr Safadi said, reading a statement written by King Abdullah at the The Manama Dialogue summit in Bahrain.

The minister called for schools and opportunities for the youth to be nurtured, and the full funding of the United Nations Relief and Works Agency (UNRWA).

In September, the US administration described the organisation as "irredeemably flawed", announcing it had “carefully reviewed" the issue and "will not make additional contributions to UNRWA

_________

Read more:

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In this hospital, Palestinians' healthcare may feel brunt of Donald Trump's cuts

Donald Trump axes $25 million funding for East Jerusalem hospitals

Trump targets Palestinian right of return with UN funding cut

_________.

A spokesman for the agency, Chris Gunness, rejected Washington's decision.

"We reject in the strongest possible terms the criticism that UNRWA's schools, health centres, and emergency assistance programs are 'irredeemably flawed'," he said on Twitter.

The United States was by far the biggest contributor to the agency.

It received pledges of $118 million (DH433 million) from donor countries to help it overcome the crisis.

Kuwait and the European Union were among the biggest contributors along with Germany, Ireland and Norway.

The agency was founded in 1949 after the first Arab-Israeli war, in the wake of the exodus of around 700,000 refugees who fled or were driven out of Israel on its founding as a state.

UNRWA now looks after more than 5 million descendants of those original refugees, in Jordan, Lebanon, Syria and the Palestinian territories of the West Bank and Gaza Strip.

The Palestinians assert the right under international law to return to homes abandoned in Israel or be compensated. Jordan says funding cuts to UNRWA undermine that right.

Mr Safadi urged the international community to assist Israel and Palestine in finding a durable two-state solution.

"In order for people to live in peace, they must be empowered to prepare for the day of peace," Mr Safadi said.

"Security and stability will not prevail until a two state solution is accepted," he said, adding that lasting peace cannot be unilateral.

A solution must be one that meets the needs of both sides, is fully in accord with international law and resolutions, that creates, a viable, independent, sovereign Palestinian state, on the 1967 lines, with East Jerusalem as its capital.

"Any such solution, based on unilateral acts and unequal rights, would be a moral disaster and a recipe for continued conflict," he warned.

“Peace can only be built by respecting the rights, hopes, and needs of both sides. This is the real security of peace,” he urged.

"We need all of you in the lead to help the international community work together, talk together, and keep to its principles," the minister said.

The currency conundrum

Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”

Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.

This is a race to the bottom, and everybody wants to be a winner.

THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

ANDROID VERSION NAMES, IN ORDER

Android Alpha

Android Beta

Android Cupcake

Android Donut

Android Eclair

Android Froyo

Android Gingerbread

Android Honeycomb

Android Ice Cream Sandwich

Android Jelly Bean

Android KitKat

Android Lollipop

Android Marshmallow

Android Nougat

Android Oreo

Android Pie

Android 10 (Quince Tart*)

Android 11 (Red Velvet Cake*)

Android 12 (Snow Cone*)

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Android 14 (Upside Down Cake*)

Android 15 (Vanilla Ice Cream*)

* internal codenames

Company profile

Name: Homie Portal LLC

Started: End of 2021 

Founder: Abdulla Al Kamda 

Based: Dubai

Sector: FinTech 

Initial investment: Undisclosed 

Current number of staff: 14 

Investment stage: Launch 

Investors: Self-funded

MATCH INFO

CAF Champions League semi-finals first-leg fixtures

Tuesday:

Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)

Second legs:

October 23

Results

5.30pm: Maiden (TB) Dh82,500 (Dirt) 1,600m, Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)

6.05pm: Maiden (TB) Dh82,500 (Turf) 1,400m, Winner: Mayehaab, Adrie de Vries, Fawzi Nass

6.40pm: Handicap (TB) Dh85,000 (D) 1,600m, Winner: Monoski, Mickael Barzalona, Salem bin Ghadayer

7.15pm: Handicap (TB) Dh102,500 (T) 1,800m, Winner: Eastern World, Royston Ffrench, Charlie Appleby

7.50pm: Handicap (TB) Dh92,500 (D) 1,200m, Winner: Madkal, Adrie de Vries, Fawzi Nass

8.25pm: Handicap (TB) Dh92,500 (T) 1,200m, Winner: Taneen, Dane O’Neill, Musabah Al Muhairi

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

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SPECS

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Power: 630hp
Torque: 850Nm
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Price: From Dh599,000
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Meydan Racecourse racecard:

6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 1,900m

7.05pm: Maiden for 2-year-old fillies (TB) Dh165,000 1,400m

7.40pm: The Dubai Creek Mile Listed (TB) Dh265,000 1,600m

8.15pm: Maiden for 2-year-old colts (TB) Dh165,000 1,600m

8.50pm: The Entisar Listed (TB) Dh265,000 2,000m

9.25pm: Handicap (TB) Dh190,000 1,200m

10pm: Handicap (TB) Dh190,000 1,600m.

'Will of the People'

Artist: Muse
Label: Warner
Rating: 2.5/5