عربي English Türkçe اردو فارسى
Logo
Latest News
Arab World

From Beirut, Vatican Expresses Concern over Lebanon's Presidential Vacuum

Lebanese caretaker Prime Minister Najib Mikati (R) shakes hands with the Holy See Secretary of State Cardinal Pietro Parolin (L) during their meeting at the government palace in downtown Beirut, Lebanon, 26 June 2024. Cardinal Parolin is on a five-day state visit to Lebanon. (EPA)
Lebanese caretaker Prime Minister Najib Mikati (R) shakes hands with the Holy See Secretary of State Cardinal Pietro Parolin (L) during their meeting at the government palace in downtown Beirut, Lebanon, 26 June 2024. Cardinal Parolin is on a five-day state visit to Lebanon. (EPA)
TT
TT

From Beirut, Vatican Expresses Concern over Lebanon's Presidential Vacuum

Lebanese caretaker Prime Minister Najib Mikati (R) shakes hands with the Holy See Secretary of State Cardinal Pietro Parolin (L) during their meeting at the government palace in downtown Beirut, Lebanon, 26 June 2024. Cardinal Parolin is on a five-day state visit to Lebanon. (EPA)
Lebanese caretaker Prime Minister Najib Mikati (R) shakes hands with the Holy See Secretary of State Cardinal Pietro Parolin (L) during their meeting at the government palace in downtown Beirut, Lebanon, 26 June 2024. Cardinal Parolin is on a five-day state visit to Lebanon. (EPA)

Vatican Secretary of State Pietro Parolin on Wednesday urged warring parties in the Middle East to accept "peace proposals", saying the region including Lebanon "doesn't need war".

"The Middle East is going through a critical moment," Parolin told a press conference in Beirut during a days-long visit to Lebanon.

The Holy See "asks for peace proposals to be welcomed, so that fighting stops on each side, so hostages in Gaza are released, so that the necessary aid arrives unhindered to the Palestinian population", he said.

"Lebanon, the Middle East, the whole world certainly doesn't need war," the cardinal added.

The bloodiest ever Gaza war started with Hamas's October 7 attack on southern Israel that resulted in the deaths of 1,195 people, mostly civilians, according to an AFP tally based on Israeli figures.

The gunmen also seized about 250 hostages, 116 of whom remain in Gaza although the army says 42 are dead.

Israel's retaliatory offensive has killed at least 37,718 people, also mostly civilians, the health ministry in the Hamas-run Palestinian territory says.

US President Joe Biden on May 31 laid out a plan for a ceasefire in Gaza and the release of hostages, but the conflict has continued to rage, with fears growing of a wider regional war drawing in Lebanese Hamas ally Hezbollah.

Lebanon's caretaker Prime Minister Najib Mikati on Wednesday urged against linking "Lebanon's stability and interests to extremely complicated conflicts and never-ending wars".

Israel and Hezbollah have traded near-daily cross-border fire since Hamas's October 7 attack.

The violence has killed more than 480 people in Lebanon, mostly fighters but also including 94 civilians, according to an AFP tally, with 15 soldiers and 11 civilians dead in Israel, according to authorities.

During his visit, Parolin has met political and religious leaders, and said on Wednesday the Vatican was "seriously concerned" at Lebanon's presidential vacuum.

Electing a head of state is "an urgent and absolute necessity", he said, expressing the hope "that the political parties will be able find a solution without delay".

Lebanon, long divided on sectarian lines, has been without a president since the end of October 2022.

Neither of parliament's two main blocs -- Hezbollah and its opponents -- have the majority required to elect one, and successive votes have ended in deadlock.

Most Viewed

 
 
Arab World

UN Warns of Profound Liquidity Crisis in Yemen’s Houthi-Controlled Areas

For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)
For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)
TT
TT

UN Warns of Profound Liquidity Crisis in Yemen’s Houthi-Controlled Areas

For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)
For the first time, the Houthis will face difficulties in financial transfers and foreign currency supply (local media)

A UN program recently warned of low foreign currency reserves and a liquidity crisis in Houthi-controlled areas if the economic conflict with the internationally recognized government continues in Yemen.

It also noted that the poor food consumption significantly worsened in the north, increasing by 78% year-on-year, compared to a 52% increase in the south.

In its Food Security Update, the World Food Program (WFP) warned that a banking crisis is looming in Yemen, as a transaction ban has been announced between the intentionally recognized government and the Houthis-controlled areas.

“These developments, coupled with diminished foreign currency reserves in the north, could result in liquidity crisis with profound implications on markets, livelihoods, and food security situation,” it said.

The Program also noted that the current escalation in the “economic conflict” is likely to disrupt the flow of remittances and the overall financial and banking sectors, posing significant challenges for importers to procure essential food and non-food items, and ultimately impacting food supply and food price.

According to the WFP Update, this conflict comes while limited income opportunities are a key challenge to accessing food, reported by 71% in the north and 60% in the south.

It added that the depth and severity of food deprivation (poor food consumption) also peaked in May, at 32% in the north and 31% in the south.

This trend significantly worsened in the north, increasing by 78% year-on-year, compared to a 52% increase in the south.

Severe food deprivation reached an all-time high in Al Jawf, Al Bayda, Hajjah, Amran, and Al Hodeidah, WFP said.

Around 8% of households in the north reported relying on begging to meet their essential needs, compared to three percent in the south, it showed, adding that this practice was particularly pronounced in Sadah, Hajjah, Amran, and Al Bayda.

WFP also said the total volume of fuel imported via the Red Sea ports increased by 32% during Jan-May 2024 compared to the same period in 2023.

Fuel imports via the southern ports of Aden and Mukalla decreased by 41% year-on-year, as local crude oil production from Marib largely contributes to covering domestic fuel needs in government controlled areas.

However, the WFP update said it is crucial to closely monitor import flows over the coming months, especially given the increased insurance costs for Yemeni ports, the diminished foreign currency reserves, and the banking crisis.

Also, by the end of May 2024, WFP said that the Yemeni riyal (YER) depreciated to an all-time low of YER 1,749 per dollar in government-controlled areas, losing around 25% of its value against the US dollar year-on-year.

“This decline is primarily attributed to low foreign currency reserves and revenue shortages due to reduced crude oil exports,” it said.

The UN program also noted that the overall volume of food imports via all Yemeni seaports increased by 22% during the first five months of 2024 compared to the same period in 2023.

However, it showed that the Red Sea ports saw a 35% annual rise in food imports during Jan-May 2024, while the southern ports of Aden and Mukalla exhibited a 16% annual decline.