In a thinly veiled message to president-elect Joe Biden, the foreign ministers of Egypt, Jordan, Germany and France said on Monday they were ready to work with Washington to further Middle East peace negotiations that would lead to a comprehensive and lasting peace in the turbulent region.
A joint statement by the four ministers also commended recent normalisation deals between Arab states and Israel, saying they contributed to the resolution of the Israeli-Palestinian conflict on the basis of a two-state solution. The UAE, Bahrain, Sudan and Morocco normalised relations with Israel during the second half of 2020 in accords sponsored by the United States.
The ministers met in Cairo “to pursue their co-ordination and consultation on means to advance the Middle East Peace Process towards a just, comprehensive and lasting peace,” the statement said.
They “emphasised their commitment to a negotiated two-state solution, ensuring an independent and viable Palestinian state based on June 4, 1967 lines and UN Security Council resolutions, living side by side [in] a secure and recognised Israel.”
Turning to Washington, which has for decades been the chief international sponsor of the Middle East peace process, the ministers “expressed willingness to work with the United States towards facilitating negotiations leading to a comprehensive, just and lasting peace in the region, based on the internationally recognised parameters, and relaunching a credible peace process between the Palestinians and Israelis”.
Mr Biden, a Democrat who defeated US President Donald Trump in the election on November 3, will be inaugurated on January 20. With a packed domestic agenda that includes dealing with the surging coronavirus death toll, and the need to reunite Americans after the divisive vote, commentators in the region believe his administration is unlikely to give its full attention to the Palestinian-Israeli conflict for weeks, or even months.
The ministers also called on Israel and the Palestinians to refrain from any unilateral measures that could undermine the future of a fair and lasting solution.
“They also concurred that the building and expansion of settlements, and confiscation of Palestinian structures and properties are a violation of international law that undermine the viability of the two-state solution,” the statement said.
The quartet comprising Egypt, Jordan, Germany and France was established on the sidelines of the Munich Security Conference, held last February. It is essentially designed to co-ordinate policies on the Middle East peace process and encourage the Israelis and the Palestinians to revive their peace talks, which have been frozen for years.
It last met in Amman, Jordan’s capital, in September. It also met in July and issued a warning to Israel against annexing Palestinian territories, saying that doing so would jeopardise bilateral relations.
Egypt and Jordan have peace treaties with Israel, while France and Germany are among the region’s biggest trade partners and enjoy close relations with most Arab states as well as Israel.
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
The cost of Covid testing around the world
Egypt
Dh514 for citizens; Dh865 for tourists
Information can be found through VFS Global.
Jordan
Dh212
Centres include the Speciality Hospital, which now offers drive-through testing.
Cambodia
Dh478
Travel tests are managed by the Ministry of Health and National Institute of Public Health.
Zanzibar
AED 295
Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.
Abu Dhabi
Dh85
Abu Dhabi’s Seha has test centres throughout the UAE.
UK
From Dh400
Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
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.
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
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