AOAD Unveils Initiative to Contain 'Food Security Issue'

Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)
Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)
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AOAD Unveils Initiative to Contain 'Food Security Issue'

Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)
Sudanese farmers harvest eggplant in a field near the capital, Khartoum (Reuters)

The competent organizations of the Arab League approved an initiative prepared by the Arab Organization for Agriculture Developments (AOAD) to address challenges of food security and the exacerbation of agricultural and social crises.

AOAD General Director Ibrahim al-Dukhairi acknowledged the exacerbation of food challenges after the rise in grain, animal, and agricultural product prices because of the proxy wars in several Arab and African countries.

Dukhairi revealed in an interview with Asharq Al-Awsat that the tensions around the world, the escalation of conflict between Russia and NATO countries, and the war in Sudan further complicated the matter.

He explained that the Arab League Secretary-General, Ahmed Aboul Gheit, decided to support the initiative with Arab financial institutions in implementing the decisions of the Arab summit.

Sudan alone can provide most of the needs of Arab and African countries regarding animal and vegetable food once minimum stability is guaranteed and wars and rebellions have stopped, Dukhairi said.

He denied that the devastating war that Sudan is currently witnessing has directly affected its agricultural and food production, noting that the armed conflicts are concentrated in Khartoum and partly Darfur, not agrarian areas.

However, he warned of the dangers of extending the devastating war and the current rebellion in Sudan and its negative impact on the neighboring countries' harvest season and animal movement.

The initiative aims to push Arab, African, and international capitals to secure agricultural production and transport food inside Sudan to tens of millions of its citizens and all Arab and African countries.

- Sudan's neighbors

Asharq Al-Awsat asked the Director about the connection between the initiative, the outcomes of the Arab Summit, the recent Sudan's neighbors conference in Cairo, and the recent announcement of signs of settling old disputes over the Nile waters and the Grand Ethiopian Renaissance Dam.

Dukhairi responded that the meeting supported the initiative, and Aboul Gheit personally announced that he would provide at least $1 billion to support it and to ensure "food security and agricultural production in Sudan."

He said that Sudan is one of the most prominent Arab and African countries with enormous agricultural capabilities if security, peace, and stability are achieved.

The Director expected the relations of Sudan's neighboring countries concerned with the dispute over the Nile waters to develop positively after their leaders' recent meeting in Cairo and the announcement of "opening a new page."

He noted the strategic nature of the Nile water file for the agricultural, food, and decent living sectors in Sudan, Egypt, Ethiopia, and neighboring countries.

He considered the AOAD's initiative particularly important due to the accumulated dangers of "food scarcity" in light of the war in Sudan and Ukraine.

- Planting 50 billion trees

Furthermore, the official announced in his interview with Asharq Al-Awsat that the organization's initiative for developing agricultural and food products regionally and internationally includes combating desertification in old agrarian areas.

It also supports the Saudi Crown Prince Mohammed bin Salman's initiative to plant 50 billion new trees in Arab countries, including 10 billion trees inside Saudi Arabia, as part of the Middle East Green initiative.

Dukhairi confirmed that he discussed with representatives of specialized Arab organizations at their annual conference in Tunis ways to mobilize their capabilities and the institutions of the Arab League General Secretariat to save harvest seasons and develop agricultural capabilities in Sudan and all Arab countries.

He revealed that his organization received "strong support" from all Arab countries and the Arab League General Secretariat to contribute to this goal and activate its new comprehensive initiative through its central and regional headquarters in Sudan, Egypt, Algiers, Rabat, Tunis, and Syria.

It receives the support of joint Arab action institutions and all regional and international agricultural, development, and food organizations, including the UN Food and Agriculture Organization (FAO).



Lebanese Cabinet Approves Draft Law on Financial Crisis Losses

A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
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Lebanese Cabinet Approves Draft Law on Financial Crisis Losses

A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)

Lebanon's government on Friday approved a draft law to distribute financial losses from the 2019 economic crisis that deprived many Lebanese of their deposits despite strong opposition to the legislation from political parties, depositors and banking officials.

The draft law will be submitted to the country's divided parliament for approval before it can become effective.

The legislation, known as the "financial gap" law, is part of a series of reform measures required by the International Monetary Fund (IMF) in order to access funding from the lender.

The cabinet passed the draft bill with 13 ministers in favor and nine against. It stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.

Prime Minister Nawaf Salam defended the bill, saying it "is not ideal... and may not meet everyone's aspirations" but is "a realistic and fair step on the path to restoring rights, stopping the collapse... and healing the banking sector.”

According to government estimates, the losses resulting from the financial crisis amounted to about $70 billion, a figure that is expected to have increased over the six years that the crisis was left unaddressed.

Depositors who have less than $100,000 in the banks, and who constitute 85 percent of total accounts, will be able to recover them in full over a period of four years, Salam said.

Larger depositors will be able to obtain $100,000 while the remaining part of their funds will be compensated through tradable bonds, which will be backed by the assets of the central bank.

The central bank's portfolio includes approximately $50 billion, according to Salam.

The premier told journalists that the bill includes "accountability and oversight for the first time.”

"Everyone who transferred their money before the financial collapse in 2019 by exploiting their position or influence... and everyone who benefited from excessive profits or bonuses will be held accountable and required to pay compensation of up to 30 percent of these amounts," he said.

Responding to objections from banking officials, who claim components of the bill place a major burden on the banks, Salam said the law "also aims to revive the banking sector by assessing bank assets and recapitalizing them.”

The IMF, which closely monitored the drafting of the bill, previously insisted on the need to "restore the viability of the banking sector consistent with international standards" and protect small depositors.

Parliament passed a banking secrecy reform law in April, followed by a banking sector restructuring law in June, one of several key pieces of legislation aimed at reforming the financial system.

However, observers believe it is unlikely that parliament will pass the current bill before the next legislative elections in May.

Financial reforms in Lebanon have been repeatedly derailed by political and private interests over the last six years, but Salam and Lebanese President Joseph Aoun have pledged to prioritize them.


Türkiye Says Russia Gave It $9 Billion in New Financing for Akkuyu Nuclear Plant

Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)
Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)
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Türkiye Says Russia Gave It $9 Billion in New Financing for Akkuyu Nuclear Plant

Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)
Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)

Türkiye's energy minister said Russia had provided new financing worth $9 billion for the Akkuyu nuclear power plant being built by ​Moscow's state nuclear energy company Rosatom, adding Ankara expected the power plant to be operational in 2026.

Rosatom is building Türkiye's first nuclear power station at Akkuyu in the Mediterranean province of Mersin per a 2010 accord worth $20 billion. The plant was expected ‌to be operational ‌this year, but has been ‌delayed.

"This (financing) ⁠will ​most ‌likely be used in 2026-2027. There will be at least $4-5 billion from there for 2026 in terms of foreign financing," Alparslan Bayraktar told some local reporters at a briefing in Istanbul, according to a readout from his ministry.

He said ⁠Türkiye was in talks with South Korea, China, Russia, and ‌the United States on ‍nuclear projects in ‍the Sinop province and Thrace region, and added ‍Ankara wanted to receive "the most competitive offer".

Bayraktar said Türkiye wanted to generate nuclear power at home and aimed to provide clear figures on targets.


China Bets on Advanced Technologies to Revive Tepid Industrial Sector

A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)
A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)
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China Bets on Advanced Technologies to Revive Tepid Industrial Sector

A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)
A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)

China pledged on Friday to double down on upgrading its manufacturing base and ​promised capital to fund efforts targeting technological breakthroughs, after its industrial sector delivered an underwhelming performance this year.

China's industry ministry expects output of large industrial companies to have increased 5.9% in 2025 compared with 2024, state broadcaster CCTV said on Friday, almost unchanged from the 5.8% pace in 2024.

It would also be less than the ‌6% pace ‌of the first 11 months of ‌2025, ⁠based ​on ‌data released by the National Bureau of Statistics, as a weak Chinese economy suppressed domestic demand.

Industrial output, which covers industrial firms with annual revenue of at least 20 million yuan ($2.85 million), recorded growth of 4.8% in November, the weakest monthly year-on-year rise since August 2024.

Chinese policymakers have been looking ⁠to create new growth drivers in the economy by focusing on advancing ‌its industrial sector.

China has also vowed stronger ‍efforts to achieve technological self-reliance ‍amid intensifying rivalry with the United States over dominance ‍in advanced technology.

At the annual two-day national industrial work conference in Beijing that ended on Friday, officials pledged to deliver major breakthroughs in building a "modern industrial system" anchored by advanced manufacturing.

The ​focus will be on sectors such as integrated circuits, low-altitude economy, aerospace and biomedicine, an industry ministry ⁠statement showed.

The statement comes after China launched on Friday a national venture capital fund aimed at guiding billions of dollars of capital into "key hard technologies" such as quantum technology and brain-computer interfaces.

On artificial intelligence, the industry ministry said it will expand efforts to help small and medium-sized enterprises adopt the technology, while fostering new intelligent agents and AI-native companies in key industries.

Officials also vowed to "firmly curb" deflationary price wars, dubbed "involution", referring to excessive and low-return competition among ‌firms that erodes profits.