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:
Mahmoud Abbas backing for refugee agency falls on deaf ears
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*)
Android 13 (Tiramisu*)
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.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
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