Mangoush Not First Woman to Chair Arab League FMs Session

(L to R) Arab League Secretary-General Ahmed Aboul Gheit, Libyan Minister of Foreign Affairs Najla Mangoush, and Arab League Assistant Secretary-General Hossam Zaki attend a meeting of the Arab League Foreign Ministers in the Egyptian capital Cairo on September 6, 2022. (Photo by AFP)
(L to R) Arab League Secretary-General Ahmed Aboul Gheit, Libyan Minister of Foreign Affairs Najla Mangoush, and Arab League Assistant Secretary-General Hossam Zaki attend a meeting of the Arab League Foreign Ministers in the Egyptian capital Cairo on September 6, 2022. (Photo by AFP)
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Mangoush Not First Woman to Chair Arab League FMs Session

(L to R) Arab League Secretary-General Ahmed Aboul Gheit, Libyan Minister of Foreign Affairs Najla Mangoush, and Arab League Assistant Secretary-General Hossam Zaki attend a meeting of the Arab League Foreign Ministers in the Egyptian capital Cairo on September 6, 2022. (Photo by AFP)
(L to R) Arab League Secretary-General Ahmed Aboul Gheit, Libyan Minister of Foreign Affairs Najla Mangoush, and Arab League Assistant Secretary-General Hossam Zaki attend a meeting of the Arab League Foreign Ministers in the Egyptian capital Cairo on September 6, 2022. (Photo by AFP)

An ordinary session for Arab League foreign ministers kickstarted on Tuesday in Cairo with Libya heading the meeting after taking over from Lebanon to chair the talks.

The session is being led by Libyan Foreign Minister Najla Mangoush, who indicated in a tweet that she is “the first woman to chair the meeting of Arab foreign ministers.”

“I am overjoyed and proud that Libya has regained leadership of the ministerial meeting of the Arab League for the first time in 9 years, and I am honored to be the first woman to lead the healing of Arabs on the land of Egypt,” tweeted Mangoush.

“We hope that this will be a good start for our country to return to its pioneering role at the heart of the Arab family,” added Mangoush.

Despite Mangoush’s claims, she is not the first woman to head a meeting for Arab League foreign ministers. Two women had chaired Arab League meetings before.

In July 2014, Morocco's Minister-Delegate of Foreign Affairs and Cooperation Mbarka Bouaida chaired an emergency meeting of Arab foreign ministers held in Cairo.

Morocco chaired the 141st Arab League session and Bouaida was chosen to stand in place of former Moroccan Foreign Minister Salah Mezouar, who could not attend the session at the time due to his travel abroad.

As for the second woman to chair a meeting of Arab League foreign ministers, she was Mauritanian Minister of Foreign Affairs Vatma Vall Mint Soueina.

Soueina chaired a session held in March 2015 to prepare for an Arab League summit in Sharm el-Sheikh.

Five Arab women have held the position of Minister of Foreign Affairs.

The first female Arab foreign minister was Mauritania’s Naha Mint Mouknass, who was appointed in the government of Moulaye Ould Mohamed Laghdaf between 2009 and 2011.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.