Egypt Agrees to Receive Yemen 'Truce Flights' from Sanaa Airport

A Yemen Airways is prepared for departure at Sanaa Airport as the first commercial flight from the airport in around six years, in Sanaa, Yemen May 16, 2022. (Reuters)
A Yemen Airways is prepared for departure at Sanaa Airport as the first commercial flight from the airport in around six years, in Sanaa, Yemen May 16, 2022. (Reuters)
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Egypt Agrees to Receive Yemen 'Truce Flights' from Sanaa Airport

A Yemen Airways is prepared for departure at Sanaa Airport as the first commercial flight from the airport in around six years, in Sanaa, Yemen May 16, 2022. (Reuters)
A Yemen Airways is prepared for departure at Sanaa Airport as the first commercial flight from the airport in around six years, in Sanaa, Yemen May 16, 2022. (Reuters)

Egyptian authorities agreed to receive flights from the Yemeni capital Sanaa, marking a breakthrough in the war-torn country's truce.

The two-month nationwide truce, announced in early April, calls for two commercial flights a week to and from Sanaa to Jordan and Egypt. The first flight from Sanaa in six years took off to Amman last week. Sanaa is held by the Iran-backed Houthi militias.

In a tweet on Tuesday, Yemeni Foreign Minister Ahmed Awad bin Mubarak thanked Egyptian authorities for agreeing to operate direct flights between Sanaa and Cairo.

He said authorities in their countries will work in the coming days to coordinate and complete the technical details to launch the flights.

The Egyptian Foreign Ministry said Foreign Minister Sameh Shoukry had received a telephone call from United Nations Secretary-General Antonio Guterres, who expressed his gratitude to President Abdel Fattah al-Sisi for allowing the flights to be operated.

Shoukry hoped that the move would help consolidate the UN truce in Yemen, ease the suffering of the people and help efforts to achieve stability and security in Yemen.

Other points in the truce include a nationwide ceasefire, allowing 18 fuel ships into Hodeidah port and easing the Houthi siege on Taiz.

In spite of the truce, the military continues to confirm Houthi violations. It said the militias were preparing to launch an attack on the Maqbana front in western Taiz.

The Houthis also launched several drones from Sanaa. They crashed in the capital, killing three people.

Meanwhile, UN Special Envoy for Yemen, Hans Grundberg, concluded on Tuesday a two-day meeting with Yemeni economic experts from diverse backgrounds to consult on priorities for the multi-track peace process. Participants underlined the momentum provided by the truce on economic issues and identified opportunities for incentivizing further progress, said a UN statement.

Discussions centered on identifying key issues to be addressed in a future dialogue between the parties and in the economic track of a UN-led multi-track process. Issues discussed included the coordination of financial and monetary policies, currency exchange rate stabilization across Yemen, public revenues, the financing of public service salaries, the rising costs of goods due to freedom of movement restrictions and double taxation, reconstruction, as well as other strategic questions of priority. Furthermore, discussions emphasized the need for coordination in vital sectors that could have a direct impact on civilians and their livelihoods.

Participants also highlighted challenges faced by the private sector and ways to address those challenges to help revive the Yemeni economy in a manner that serves the public good and the future of Yemen. They also underlined the urgent need to support the Yemeni commercial banking sector and its ability to engage internationally and support trade.

“Addressing the deteriorating Yemeni economy will be central to both alleviating the chronic suffering of Yemeni civilians and reaching a sustainable solution to some of the key drivers of this conflict,” said Grundberg. “It is important to identify those areas where our efforts could prove useful and efficient in helping parties find common ground in addressing the issues that affect all Yemenis across the country.”

Various international stakeholders, including UN humanitarian agencies and international financial institutions participated in the meeting, offering their perspectives and expertise to enrich pointed discussions.



Pro-Palestinian Protesters Set up Encampments at Universities in Australia

Members of the Australian Palestinian community shout slogans at the Palestinian Protest Campsite at University of Sydney in Sydney on May 3, 2024. (AFP)
Members of the Australian Palestinian community shout slogans at the Palestinian Protest Campsite at University of Sydney in Sydney on May 3, 2024. (AFP)
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Pro-Palestinian Protesters Set up Encampments at Universities in Australia

Members of the Australian Palestinian community shout slogans at the Palestinian Protest Campsite at University of Sydney in Sydney on May 3, 2024. (AFP)
Members of the Australian Palestinian community shout slogans at the Palestinian Protest Campsite at University of Sydney in Sydney on May 3, 2024. (AFP)

Pro-Palestinian protesters were camped on university campuses across Australia on Friday, with some scuffling with pro-Israel protesters in Sydney, mirroring similar events in the United States.

Students have set up encampments at universities in major Australian cities over the last two weeks to protest Israel's offensive in Gaza. The students are demanding that universities sever all academic ties with Israel and cut off research partnerships with arms manufacturers.

No arrests were made, as the violence seen on some American campuses has not occurred in Australia.

Hundreds of pro-Palestinian protesters on Friday met a counterprotest supporting Israel at the University of Sydney, Australia’s oldest university. The Australian Broadcasting Corp. reported a scuffle between the groups.

Supporters of both sides later backed down because of a heavy security presence.

University of Sydney Vice Chancellor Mark Scott said there was space for both groups of protesters.

“They may strongly disagree with the matters that have been discussed. ... We can host that conversation and we should be able to do that in a non-threatening way,” he told ABC.

Scott said not all of the protesters were students, and that some might not be committed to peaceful and productive engagement. “We are working with security and police,” he said.


Political Agreement in Iraq Leads to Postponement of Kurdistan Elections

Iraqi Kurdistan Region President Nechervan Barzani. (AP file photo)
Iraqi Kurdistan Region President Nechervan Barzani. (AP file photo)
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Political Agreement in Iraq Leads to Postponement of Kurdistan Elections

Iraqi Kurdistan Region President Nechervan Barzani. (AP file photo)
Iraqi Kurdistan Region President Nechervan Barzani. (AP file photo)

Shiite and Kurdish forces have reached an agreement to postpone the parliamentary elections in the Iraqi Kurdistan Region that were set for June, said Iraqi sources.

They said Kurdistan President Nechervan Barzani was expected to make an official announcement over the issue.

The Kurdistan Democratic Party (KDP), headed by Masoud Barzani, had announced in March that it was going to boycott the polls, threatening to quit the political process in Iraq should political powers in Baghdad fail to respect agreements that led to the formation of the Baghdad government.

Masoud Barzani was objecting at the time to the Federal Supreme Court of Iraq’s decision to divide Kurdistan into four electoral districts and eliminating the quota of minorities.

It had also tasked the Independent High Election Commission with overseeing the elections instead of the Kurdistan region commission, sparking objections from the KDP.

A Kurdish source told Asharq Al-Awsat that Nechervan Barzani, who had paid two visits to Baghdad in the past two months, had finally reached a political settlement to postpone the elections.

It remains unclear what guarantees he received in return for the postponement.

A source close to the leaderships of the pro-Iran Shiite Coordination Framework told Asharq Al-Awsat that the visits played a decisive role in reaching an agreement over the postponement.

It explained that the majority of the players in the Framework recognize the importance of the KDP taking part in the elections because it is a strategic partner of the Shiite forces in spite of the tensions that have emerged between them in recent years.

They expected President Barzani to make an announcement over the elections next week. This will allow the KDP to submit its candidacies to the elections commission.

The source was not briefed on the guarantees and concessions that President Barzani received while he was in Baghdad.

On Tuesday, Iraqi Prime Minister Mohammed Shia al-Sudani stressed during talks with the commission the need to hold the Kurdistan elections with the “participation of all parties” - a reference to the KDP.


Al-Jadaan: Reforms Will Lead Us to Bright Future in Financial Sector

Finance Minister Mohammed Al-Jadaan and Director General of the International Monetary Fund Kristalina Georgieva during a joint press conference in Washington (AFP)
Finance Minister Mohammed Al-Jadaan and Director General of the International Monetary Fund Kristalina Georgieva during a joint press conference in Washington (AFP)
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Al-Jadaan: Reforms Will Lead Us to Bright Future in Financial Sector

Finance Minister Mohammed Al-Jadaan and Director General of the International Monetary Fund Kristalina Georgieva during a joint press conference in Washington (AFP)
Finance Minister Mohammed Al-Jadaan and Director General of the International Monetary Fund Kristalina Georgieva during a joint press conference in Washington (AFP)

Saudi Minister of Finance and Chairman of the Financial Sector Development Program Committee, Mohammed Al-Jadaan, said that Saudi Arabia continues, under Vision 2030, “the ongoing process of economic development thanks to the financial and economic reforms that lead us towards a bright and developed future in the financial sector.”
He added that the Financial Sector Development Program seeks to achieve an economic and advanced future, by connecting the financial sector to the digital and technical economy, and exploiting modern technologies such as artificial intelligence and big data.
Al-Jadaan’s words came in the introduction of the annual report of the Financial Sector Development Program, one of the eleven executive programs launched by the Council of Economic and Development Affairs to achieve the goals of Vision 2030.
The program aims to develop and diversify the financial sector to support the development of the national economy, stimulate savings, financing and investment, and increase the sector efficiency and ability to confront and address challenges.
The finance minister stressed that his country maintained its progress in competitive indicators related to the financial market, ranking third among the most competitive countries in the G20, according to the Global Competitiveness Center of the International Institute for Administrative Development.
He added that the number of financial technology companies exceeded the targets of 2023, reaching 216, and approached the desired goal of 525 firms by 2030.
For his part, Minister of Investment Khaled Al-Falih said in the annual report of the Financial Sector Development Program that in light of geopolitical fluctuations, high financing costs, and strict monetary policies aimed at curbing high inflation rates, Saudi Arabia affirmed its commitment to its strategic vision and was able to adapt to the complexities of the global scene.
He added that the country moved forward with structural financial and economic reforms that resulted in lower inflation rates and enhanced the attractiveness of the investment climate, which in turn led to raising the Kingdom’s credit rating to A+.
Al-Falih noted that Saudi Arabia has also topped the Middle East and North Africa region in terms of the volume of venture investments, and witnessed a remarkable growth in the number of investment licenses for financial and insurance institutions.
Moreover, the minister said that the Ministry of Investment, in cooperation with various government agencies, contributed to attracting some of the most important international financial institutions to the Kingdom, enabling foreign direct investment in the insurance sector, and listing the first exchange-traded fund to track Saudi stocks on the Hong Kong Stock Exchange, in order to make the Kingdom a global financial hub.
Minister of Economy and Planning Faisal Al-Ibrahim said in the report that the achievements of the Financial Sector Development Program contributed to the growth of the volume of financial, insurance, and business services activities, by about 5.2 percent on an annual basis until the end of the third quarter of 2023.
The program’s efforts, led by the Central Bank and the Capital Market Authority, also helped increase the financing capacity of the Kingdom’s economy, thus supporting the objectives of the National Investment Strategy, he added.
Al-Ibrahim noted that the program works to support the diversification and development of investment financing sources through the financial market, and to attract foreign investment, through private financing channels affiliated with investment funds, in addition to the financing platforms of financial technology companies.
In the report, Governor of the Central Bank of Saudi Arabia, Ayman Al-Sayari, pointed out the continuation of initiatives aimed at developing regulatory frameworks and empowering the financial technology sector.
Those initiatives included issuing rules regulating postpaid companies, instructions for practicing digital brokerage activity, in addition to working to digitize supervisory procedures. He pointed out that the number of technology companies exceeded the 2023 targets, reaching 216.
The Chairman of the Capital Market Authority, Mohammad Al-Kuwaiz, said that in order to stimulate foreign investment, raise the attractiveness and efficiency of the financial market, and enhance its international competitiveness, the Kingdom adopted rules regulating foreign investment in securities, which helped increase the volume of foreign investments to SAR 401 billion ($106.9 billion).
The head of the Global Investment Finance Department at the Public Investment Fund (PIF), Fahd Al-Saif, stated that the Fund has a role in empowering small and medium-sized institutions, in order to increase their contribution to the domestic product, through the various efforts made by its portfolio companies.
He also revealed that the PIF seeks to raise the percentage of local content contribution in its projects and subsidiaries to 60 percent by the end of 2025.
For his part, the Chief Administrator of the National Development Fund, Khaled Al-Shareef, said that the Fund, through the Small and Medium Enterprises Bank, played an important role in developing the financial sector, by identifying needs and filling the financing gaps for various economic sectors, as well as improving the financing services provided to the SMEs.
According to the report, the Central Bank aspires to achieve a set of goals in 2024, including empowering local and international financial technology companies in the Saudi market, in addition to launching a number of digital banks, and a project for general rules for savings products.
As for the Capital Market Authority, it aims to increase the attractiveness of the Saudi market for foreign investors, and raise foreign investors’ ownership of the total market value of free shares to reach 17 percent by the end of this year.

 


Biden Calls Japan and India ‘Xenophobic’ Along with China, Russia

US President Joe Biden (AFP)
US President Joe Biden (AFP)
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Biden Calls Japan and India ‘Xenophobic’ Along with China, Russia

US President Joe Biden (AFP)
US President Joe Biden (AFP)

Japan and India are struggling economically because they are “xenophobic,” US President Joe Biden told a campaign event, lumping the American allies in with rivals China and Russia as countries rejecting immigrants.
“Why is China stalling so badly economically? Why is Japan in trouble? Why is Russia in trouble? And India? Because they're xenophobic. They don't want immigrants,” Biden said on Wednesday, with a transcript not made public until Thursday.
The 81-year-old Democrat, who is seeking reelection against Republican rival Donald Trump in the November presidential vote, made the remarks at a campaign fundraising event in Washington marking the start of Asian American, Native Hawaiian, and Pacific Islanders Heritage Month.
Such events are neither filmed nor recorded, but a small number of journalists attend and provide a written account.
“One of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants,” the president said.
While China and Russia are considered US rivals, Biden's remarks on Japan and India came as a surprise.
Since taking office in 2021, Biden has made a point of strengthening ties with US allies in Asia, in particular with New Delhi and Tokyo.
He has hosted state dinners -- a rare high-level diplomatic gesture -- for both Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida.
The White House sought to downplay the president's remarks on Thursday.
“The broader point the president was making, and I think people all around the world recognize this, is that the United States is a nation of immigrants, and it's in our DNA,” National Security Council spokesman John Kirby told reporters.
“Our allies know very well how much the president respects them, values their friendship, values their contributions,” he added.

 


Iraq Cracks Down on ISIS Remnants in 3 Cities

Iraqi soldiers during a mission to crack down on ISIS remnants. (Iraq Defense Ministry)
Iraqi soldiers during a mission to crack down on ISIS remnants. (Iraq Defense Ministry)
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Iraq Cracks Down on ISIS Remnants in 3 Cities

Iraqi soldiers during a mission to crack down on ISIS remnants. (Iraq Defense Ministry)
Iraqi soldiers during a mission to crack down on ISIS remnants. (Iraq Defense Ministry)

Iraq’s national security service announced on Thursday the arrest of 20 members of an ISIS cell in the Nineveh, al-Anbar and Kirkuk regions.

During interrogation, four of the detainees in Nineveh disclosed the location of their hideout where several light and medium weapons and explosive devices were found.

In Kirkuk, the security forces arrested a prominent ISIS terrorist.

The agency said he played an influential role in Iraq when the “terrorist gangs controlled some parts of the country.”

On Tuesday, Iraq received 185 relatives of ISIS members who were held in Syria's al-Hol camp that holds extremists.

The relatives have been moved to a rehabilitation center in the al-Jadaa region, said Nineveh MP Sherwan Al-Doberdani.

The return of relatives of ISIS terrorists is a contentious issue in Iraq, which waged three years of war against the extremists from 2014 to 2017 that ended with ISIS’ defeat.

At the height of its power, the group had seized nearly a third of Iraq. Remnants of the group remain active in the country despite the defeat.

Iraqi authorities often make announcements of the arrest of its members and cells.

In early 2024, Iraq erected a border fence with Syria to tighten security along the porous border that Iraq has said has been easily infiltrated by terrorists.

The wall stretches 160 kms from the al-Qaim region and rises up to three meters.


OECD: High Flows of Immigration Help Strengthen Jobs Markets in Rich Countries

FILE - People arrive before the start of a naturalization ceremony at the US Citizenship and Immigration Services Miami Field Office in Miami, Aug. 17, 2018. (AP Photo/Wilfredo Lee, File)
FILE - People arrive before the start of a naturalization ceremony at the US Citizenship and Immigration Services Miami Field Office in Miami, Aug. 17, 2018. (AP Photo/Wilfredo Lee, File)
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OECD: High Flows of Immigration Help Strengthen Jobs Markets in Rich Countries

FILE - People arrive before the start of a naturalization ceremony at the US Citizenship and Immigration Services Miami Field Office in Miami, Aug. 17, 2018. (AP Photo/Wilfredo Lee, File)
FILE - People arrive before the start of a naturalization ceremony at the US Citizenship and Immigration Services Miami Field Office in Miami, Aug. 17, 2018. (AP Photo/Wilfredo Lee, File)

High flows of immigration into rich countries are helping to strengthen jobs markets and bolster growth, the Organization for Economic Cooperation and Development (OECD) said on Thursday, as it raised its projection for global economic growth for 2024 to 3.1%, up from a previous projection in February of 2.9%.
“Cautious optimism has begun to take hold in the global economy, despite modest growth and the persistent shadow of geopolitical risks,” the Paris-based organization said in its latest economic outlook.
Also, the global economy would maintain the 3.1% growth rate seen last year and pick up marginally to 3.2% next year, the Organization said, upgrading forecasts dating from February for growth of 2.9% this year and 3% in 2025.
It added that a faster than expected fall in inflation set the stage for major central banks to begin rate cuts in the second half of the year while also fueling gains in consumers' incomes.
United States
However, the speed of recoveries diverged widely, the OECD warned, saying lingering sluggishness in Europe and Japan was being offset by the United States, whose growth forecast was hiked to 2.6% this year from a previous estimate of 2.1%.
Next year US growth was expected to cool to a rate of 1.8%, up slightly from 1.7% in February.
The Organization said the Federal Funds Rate is projected to fall to around 3.75 to 4% by the end of 2025. As for the European Central Bank, it expected a reduction in interest rates from the third quarter to 2.5% by the end of 2025.
Clare Lombardelli, the OECD’s chief economist, said the US economy was looking “remarkably strong”, with increasing evidence of it pulling away from European economies. The more subdued demand outlook in the eurozone could give the European Central Bank scope to cut interest rates sooner than the US Federal Reserve, she said.
Boosted by fiscal stimulus, China's economy was also expected to grow faster than expected with its growth now forecast at 4.9% in 2024 and 4.5% in 2025, up from 4.7% and 4.2% respectively in February.
While weakness in Germany would continue to weigh on the broader euro zone, the bloc's growth was projected to pick up from 0.7% this year to 1.5% next year as lower inflation boosts households' purchasing power and paves the way for rate cuts. The OECD had previously forecast euro zone growth of 0.6% this year and 1.3% in 2025.
Britain's outlook was one of the few to be downgraded with the OECD now forecasting only 0.4% this year compared with 0.7% previously. As interest rates start coming lower from the third quarter of this year, UK growth was seen picking up to 1% in 2025, compared with 1.2% expected in February.
The OECD forecasts also showed Britain's annual rate of consumer price growth was likely to be the highest among G7 countries, both this year and next.
“This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," British finance minister Jeremy Hunt said in response to the OECD forecast. He pointed to more optimistic forecasts from the International Monetary Fund.
Meanwhile, in Japan, income gains, easy monetary policy and temporary tax cuts would help its growth rate to accelerate from 0.5% in 2024 to 1.1% in 2025, compared with forecasts of 1% for both years previously, the OECD said.
Migration
The OECD said high flows of immigration into rich countries are helping to strengthen jobs markets and bolster growth, as it lifted its outlook for the global economy.
The Paris-based organization said “exceptionally large” migration inflows into OECD countries, including the US, UK, Canada, Spain and Australia, last year had loosened tight labor markets and boosted gross domestic product.
Lombardelli said strong labor force numbers were part of the growth picture in the US and other economies, adding that “extraordinary” rates of migration had “definitely” played a role in supporting growth.
In October, the OECD said that humanitarian crises and labor shortages had driven migration to an all-time high, with 6.1mn permanent migrants moving to its 38 member countries in 2022 and cross-border movement forecast to rise even further in 2023.
“There is a positive role for migration in economies, it clearly helps with productivity, transfer of knowledge and ideas, it helps with labor mobility. That is all incredibly welcome, and in the longer term it will be part of how we cope with the demographic challenge,” the OECD’s chief economist said.
She added that it was unclear how migration was affecting the pace of wage growth — a crucial concern for central banks worried that pay pressures are fueling persistent inflation.
Some economists believe the surge in US immigration is one reason why the growth in jobs has been so much stronger than expected in recent months. The US Congressional Budget Office said in March that net immigration totalled 3.3mn last year — much higher than the Census Bureau estimates that underpin official data on the size of the labor force, according to the Financial Times.
Also, economists say that if the higher estimates of immigration are correct, recent rapid employment gains would not be such a worry for the Fed as they would reflect an expanding workforce. This would make it easier for employers to fill vacancies, where they might otherwise have had to raise pay sharply to hire from an existing, limited pool of workers.
Jay Powell, governor of the Fed, said in an address at Stanford University last month “a strong pace of immigration” that boosted labor supply was one reason why US GDP and employment had grown strongly in 2023, “even as inflation fell substantially.”

 


Washington Pledges Continued Efforts to Improve Jordan’s Air Defense

Senior US officials expressed their government’s support for the modernization of Jordan’s fleet of F-16 fighter aircraft (AP)
Senior US officials expressed their government’s support for the modernization of Jordan’s fleet of F-16 fighter aircraft (AP)
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Washington Pledges Continued Efforts to Improve Jordan’s Air Defense

Senior US officials expressed their government’s support for the modernization of Jordan’s fleet of F-16 fighter aircraft (AP)
Senior US officials expressed their government’s support for the modernization of Jordan’s fleet of F-16 fighter aircraft (AP)

The Pentagon said on Thursday that a meeting of the US-Jordan Joint Military Commission (JMC) in Washington discussed “the destabilizing impacts of ongoing conflicts within the region.”
The 44th JMC meeting, attended by US and Jordanian senior defense officials, also discussed the proliferation of Uncrewed Aerial Systems (UASs), the Pentagon said in a statement.
The Commission then tackled the importance of maintaining security along Jordan's borders with Iraq and Syria, the Pentagon added.
At the meeting, senior US officials expressed their government’s support for the modernization of Jordan's fleet of F-16 fighter aircraft.
“The US officials pledged to continue efforts to improve Jordan's air defense and ability to counter UASs, which will improve the interoperability and effectiveness of the Royal Jordanian Air Force,” the statement noted.

 


Berri to Asharq Al-Awsat: French Proposal Has Some Acceptable Points, Others Need Amendment

Lebanese parliament Speaker Nabih Berri (R) shows a map in his office showing the expansion of the Israeli attacks on Lebanon to visiting French Foreign Minister Stephane Sejourne (L) during their meeting in Beirut, Lebanon, 28 April 2024. (EPA)
Lebanese parliament Speaker Nabih Berri (R) shows a map in his office showing the expansion of the Israeli attacks on Lebanon to visiting French Foreign Minister Stephane Sejourne (L) during their meeting in Beirut, Lebanon, 28 April 2024. (EPA)
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Berri to Asharq Al-Awsat: French Proposal Has Some Acceptable Points, Others Need Amendment

Lebanese parliament Speaker Nabih Berri (R) shows a map in his office showing the expansion of the Israeli attacks on Lebanon to visiting French Foreign Minister Stephane Sejourne (L) during their meeting in Beirut, Lebanon, 28 April 2024. (EPA)
Lebanese parliament Speaker Nabih Berri (R) shows a map in his office showing the expansion of the Israeli attacks on Lebanon to visiting French Foreign Minister Stephane Sejourne (L) during their meeting in Beirut, Lebanon, 28 April 2024. (EPA)

Lebanon’s parliament Speaker Nabih Berri said on Thursday he will reply on Friday or Saturday to France’s latest proposal over how to resolve tensions with Israel.

In remarks to Asharq Al-Awsat, he said the latest proposal included "some acceptable points and others that were not and must be amended."

French officials shared on Tuesday proposals made to Lebanese authorities to defuse tensions between Israel and Iran-backed Hezbollah, Foreign Minister Stephane Sejourne said as Paris attempts to work as an intermediary between the sides.

Israel and Hezbollah have been engaged in escalating daily cross-border strikes over the past six months - in parallel with the war in Gaza - and their increasing range and sophistication has raised fears of a wider regional conflict.

Hezbollah has amassed a large arsenal since 2006 and since October thousands of people on both sides of the border have been displaced.

"A number of proposals that we made to the Lebanese side have been shared (with you)," Sejourne said.

Sejourne was in Lebanon on Sunday where he met officials including politicians close to Hezbollah. French officials say they had seen progress in the responses from Lebanese authorities. Sejourne said the basis of the proposals was to ensure UN resolution 1701 was implemented.

Hezbollah has said it will not enter any concrete discussion until there is a ceasefire in Gaza, where the war between Israel and Hamas is in its seventh month.

Israel has flagged a potential military operation along its northern front, saying it wants to restore calm on the border with Lebanon so thousands of Israelis can return to the area without fear of rocket attacks, even if Hezbollah has said it will not stop exchanges until there is a ceasefire in Gaza.

Sejourne presented this year a written proposal to both sides that included Hezbollah's elite unit pulling back 10km (6 miles) from the Israeli border and Israel halting strikes in southern Lebanon.

It also looked at long-term border issues and was discussed with partners including the United States, which is making its own efforts to ease tensions and exerts the most influence on Israel.

Berri did not go into details, saying the proposal will be up for debate.

"It wouldn’t be right to discuss it before the media before receiving the French response and how much they will be receptive to our comments," he told Asharq Al-Awsat.

He revealed that the proposal was written in English, rather than French, "which came as a surprise."

Berri added that a ceasefire reached in Gaza will inevitably be implemented in southern Lebanon because both conflicts are connected.

Furthermore, he condemned Israel for its "systematic destruction of Lebanese towns and villages along the border."

"Israel is bent on destroying them the same way it is levelling Gaza to the ground," he stated. "It wants to turn the areas into scorched earth in a flagrant attempt to incite the supporters of the resistance against the fighters who are confronting the Israeli occupation that is violating resolution 1701."

He cited Israel’s use of phosphorous bombs, which are banned by the international community, that destroy agricultural lands and render them unusable.

Meanwhile, a prominent source from the Shiite duo of Hezbollah and Berri’s Amal movement said the speaker’s response to the French proposal enjoys "unconditional" support from Hezbollah and caretaker Prime Minister Najib Mikati.


Luxury Brands Lure Chinese Shoppers despite Slowdown

Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP
Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP
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Luxury Brands Lure Chinese Shoppers despite Slowdown

Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP
Louis Vuitton described its 'Voyager' show in Shanghai last month as the 'next chapter in a strong, longstanding relationship' with China. Hector RETAMAL / AFP

Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty –- a lavish affair designed to win customers in China's crucial market.
China is the world's biggest spender in the luxury sector, accounting for half of global sales. But as its post-pandemic recovery falters, consumption has flagged, sending jitters through the industry.
For years, wealthy Chinese tourists had traveled to Europe to shop at its boutiques, but when the Covid-19 pandemic struck, the country introduced draconian restrictions that stopped them from leaving the country.
The measures also threw the world's second largest economy into a slowdown that it is struggling to recover from, with consumer confidence hit and attitudes towards high-end purchases starting to shift.
Now, as China emerges from its coronavirus haze, luxury brands are trying to woo its shoppers back.
Shares in Gucci owner Kering tumbled in April after it reported sales in the first quarter had fallen by 11 percent, citing tough market conditions in China.
"Gucci will... not be alone here as other brands have also been feeling the pinch from China's domestic spending," Fflur Roberts, head of luxury at Euromonitor International, told AFP.
Brands with a strong presence in China like Louis Vuitton are staging special events and handing out perks to VICs –- an acronym for Very Important Clients.
Louis Vuitton described its "Voyager" show in Shanghai last month as the "next chapter in a strong, longstanding relationship" with China.
Its leading pieces –- boldly colored dresses marked with large cartoon-like animals -– were a collaboration with contemporary Chinese artist Sun Yitian, with the brand hailing "the tremendous stylistic vitality" of the country's youth.
Hollywood A-listers Cate Blanchett and Jennifer Connelly strode down the runway to their seats before the show began, as did Chinese megastars and brand ambassadors Liu Yifei and Jackson Wang.
At the afterparty, influencers and VICs, many dressed head-to-toe in Louis Vuitton, mingled under flashing neon street signs, sampling fancified Chinese street food from stalls bedecked with the brand's logo.
'More cautious consumers'
Louis Vuitton's parent company LVMH is among the fashion houses so far proving fairly resilient in the face of China's economic headwinds.
While its first quarter results showed its slowest rate of growth in years, the brand said that sales to domestic and overseas Chinese customers increased by about 10 percent.
Prada and Hermes's first quarter results both beat analysts' expectations, posting 18 and 17 percent rises in sales, respectively.
Overall, however, the market has slowed down, with consultancy firm Bain & Company forecasting single-digit growth in the Chinese luxury market in 2024 compared to 12 percent last year.
"The economic downturn is impacting Chinese luxury consumers' confidence," said Lisa Nan, correspondent for Jing Daily, which reports on the Chinese luxury sector.
"We are facing much more cautious and value-driven consumers, that also check the handbag's second-hand market value before making a purchase."
Travel, not bags
Post-pandemic, there has also been a shift in consumer tastes and priorities.
Near Shanghai's Wukang Mansion, a landmark regularly swarmed by influencers, a woman surnamed Liu said that while she occasionally bought designer items, she would never go line up for a bag.
"I like traveling a bit more," she said. "I'm not so crazy about brand names."
That's a trend evident in a report on high net-worth individuals' preferences compiled by research firm Hurun.
"There is a significant shift towards experiential luxury rather than luxury goods," said Nan of Jing Daily.
During the pandemic, the absence of high-spending Chinese tourists hit Europe's luxury goods sector hard.
Some of that spending transferred to China, as global brands focused on organizing events and creating goods more tailored to their biggest market.
Euromonitor International's Roberts said the outlook for the luxury market remained "challenging", and that brands should "err on the side of caution".
"That said, China is still home to over 2.5 million people with a net wealth over $1 million," she added.
On a sunny day in central Shanghai, passers-by clutched their designer handbags as they went shopping.
"Some people say that if you buy classic styles, they may appreciate in value and it can be an investment," said a 28-year-old media worker named Winnie carrying a Dior bag.
"But for me... it's not an investment. As long as I like it, it's fine."
"I think China is still in a period where (European) brands are important," Jennifer Sheng, a woman in her 60s, told AFP.
In her eyes, the allure of owning designer products remained strong.
"Twenty years, thirty years ago, we didn't have anything," Sheng said.
"We want to have these things."


Xi Heads to Europe to Defend Russia Ties

Chinese President Xi Jinping (R) and French President Emmanuel Macron met in China in April 2023. Thibault Camus / POOL/AFP
Chinese President Xi Jinping (R) and French President Emmanuel Macron met in China in April 2023. Thibault Camus / POOL/AFP
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Xi Heads to Europe to Defend Russia Ties

Chinese President Xi Jinping (R) and French President Emmanuel Macron met in China in April 2023. Thibault Camus / POOL/AFP
Chinese President Xi Jinping (R) and French President Emmanuel Macron met in China in April 2023. Thibault Camus / POOL/AFP

Xi Jinping heads to Europe on Sunday to defend China's "no limits" alliance with Russia, first to key Ukraine backer France, then to Serbia and Hungary, which have close ties to the Kremlin.
The world's second-biggest economy is seeking to deepen political and economic ties in Europe to counterbalance difficult relations with rival Washington, AFP reported.
But analysts say that if France and other Ukraine allies in Europe believe that Xi can be coaxed into abandoning his friendship with Russian President Vladimir Putin, they will be disappointed.
Despite French President Emmanuel Macron's red carpet welcome for Xi when he arrives on Sunday, their talks will be far from straightforward.
In Paris on Monday, Xi and Macron will hold talks with European Commission President Ursula von der Leyen, who has urged Beijing to play a greater role in ending the Ukraine war.
"If the European side expects China to impose sanctions on Russia, or to join the United States and Europe in imposing economic sanctions on Russia, I think it's clearly unlikely to happen," said Ding Chun, director of the Centre for European Studies at Shanghai's Fudan University.
Xi is seeking to push back on recent European Union probes into China's industry, but France has made clear that "first and foremost" on the agenda will be Russia's war in Ukraine.
China claims to be a neutral party in Ukraine but has never condemned Russia's invasion, while the United States has said Moscow would struggle to sustain its war without Beijing's support.
Beijing is "the international player with the greatest leverage to change Moscow's mind", a French diplomat told AFP on condition of anonymity.
"Paris will put China's support to Russia at the core of the discussion," said Abigael Vasselier, at the Mercator Institute for China Studies.
"This will certainly not be conducive to a feel-good moment, despite the optics."
How far will Xi go?
Xi's visit to Europe will be the first since the end of China's Covid isolation.
It also comes a year after Macron conducted a state visit to China in April 2023, during which he said he was counting on Xi to "bring Russia to its senses" over Ukraine.
At the time, Macron exasperated European allies by saying the bloc should not be dragged into a conflict between China and its main rival the United States over Taiwan -- while earning praise in Beijing over the comments.
In February this year, China's Foreign Minister Wang Yi visited France and told Macron that Beijing appreciated its "independent foreign policy".
"We will see how far Xi Jinping will go to please Emmanuel Macron," said Valerie Niquet, from the Foundation for Strategic Research.
After he ends his European trip, Xi will return to China, with Putin expected to visit later in May.
"China will not budge on Ukraine," Niquet said.
'Price to pay'
While Macron and von der Leyen will seek to focus on Ukraine, Xi will want to fight a series of probes launched by the bloc into alleged unfair trade practices by China.
The investigations run the gamut across China's industrial output, from solar panels and electric vehicle subsidies, to procurement in its medical devices sector.
Beijing has slammed the moves as "protectionism".
"The Chinese side is very keen to bring this to the table, but France is behind the European Commission plans," Philippe Le Corre, from the Asia Society Policy Institute's Center for China Analysis, told AFP.
"It is time for European leaders to explain to China that the price to pay for its growing support to Russia's war effort will increase," the Mercator Institute's Vasselier said.
'Eastern opening'
From France, Xi will head to Serbia, and then Hungary on May 8-10.
The visit to the Serbian capital Belgrade will coincide with the anniversary of the 1999 US bombing of the Chinese embassy there -- allowing for Xi to send a pointed anti-Western message.
China has invested heavily to expand its economic footprint in central and eastern Europe, including vast battery and electric vehicle (EV) manufacturing plants in Hungary, and copper and gold operations in Serbia.
"The plan to commemorate the... NATO bombing of the Chinese Embassy... also paves the way for Putin's visit to China: NATO is a threat to international security," said Wang Yiwei, director of the Center for European Union Studies at Renmin University of China.
In Budapest, he will meet Prime Minister Viktor Orban, an avowed nationalist who opposes the official EU position on Russia.
Orban has been championing an "Eastern opening" foreign policy since his return to power in 2010, seeking closer economic ties to China, Russia and other Asian countries.
Despite its small size, the Central European country of 9.6 million people has attracted a flood of major Chinese projects in recent years.
Orban spoke last month about his vision for a "sovereignist world", where the "global economy is organized non-ideologically along the lines of mutual benefit."