LCCC ENGLISH DAILY NEWS BULLETIN
February 26.2020
Compiled & Prepared by: Elias Bejjani
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Bible Quotations For today
Giving to the Needy/Be careful not to practice your
righteousness in front of others to be seen by them
Matthew 06/01-04: “Be careful not to practice your righteousness
in front of others to be seen by them. If you do, you will have no reward from
your Father in heaven. “So when you give to the needy, do not announce it with
trumpets, as the hypocrites do in the synagogues and on the streets, to be
honored by others. Truly I tell you, they have received their reward in full.
But when you give to the needy, do not let your left hand know what your right
hand is doing, so that your giving may be in secret. Then your Father, who sees
what is done in secret, will reward you.
Titles For The Latest English LCCC Lebanese & Lebanese
Related News & Editorials published on February 25-26/2020
Lebanon Allows 'Necessary Trips' to Corona-stricken Countries
Lebanon limits flights to countries with coronavirus, stops pilgrimage trips
Lebanese Authorities Release Activist Previously Detained Over Facebook Post
Lebanon Faces Lower Expectations to Recover Looted Funds
Lebanon approves debt restructuring advisers: Government source
Cabinet Discusses Precautionary Measures against Virus Threat
Report: Diab’s Govt. Makes 'First' Contact with Arab States
Casino du Liban Denies Coronavirus Rumors
Report: EU Countries ‘Pleased’ with Govt. Performance
Rafik Hariri Hospital: 3 Out of 34 Isolated despite Showing No Virus Signs
Geagea Slams French Journalist who Claimed He Has Cancer
Drillship Off Lebanon to Start Oil and Gas Exploration
Hariri, Jumblat Mourn 'Friend of Lebanon' Mubarak
Parliament General Secretariat Hits Back at U.N. Coordinator
Renault Files Civil Claim against Ghosn
Lebanese star Elissa: Govt. still allowing Iran flights ‘not to upset Hezbollah’
Protesters cut off Jbeil Highway's western
lane
Minister of Economy: We will have no mercy on those who manipulate prices,
monopolize goods
Future Bloc: To draw coronavirus threat out of politicization circle
Nasr to NNA: Drillship works will take 55-60 days
European Union launches 15th Edition of "Samir Kassir Award for Freedom of the
Press"
Lebanon: Hezbollah does 'not accept' IMF managing economic crisis
Distrust in Lebanese banks spurs bitcoin boom/Timour Azhari/Al Jazeera/February
25/2020
Lebanon bars citizens from religious pilgrimages over coronavirus fears/The News
Arab/February 25/2020
Lebanese Political Science Professor Al-Naboulsi: Coronavirus - Possible
Anti-Chinese Biological Warfare by the U.S./MEMRI/February 25/2020
Is creative nonviolent resistance possible in Lebanon?/Perla Kantarjian/Annahar/February
25/2020
Titles For The Latest LCCC English analysis & editorials from miscellaneous
sources published on February 25-26/2020
Deadly Toronto hammer attack was terrorism, police allege/Steward Bell &
Cathrine Mcdonald/Globe News/February 25/2020
Pompeo Says Iran Must 'Tell the Truth' on Coronavirus
Fear not Coronavirus, Iran ‘endures hardships to make enemy regretful’: Rouhani
Gulf States Cut Iran Links as Coronavirus Cases Rise
Mubarak, Egypt's autocrat ousted by protests, dies at 91
Netanyahu to Announce Retirement, Use Fears of Coronavirus to Reduce Arab Votes
US Mapping Team For West Bank Annexation Arrivs In Tel Aviv
Russia’s FM Lavrov rejects Idlib ceasefire as ‘capitulating before terrorists’
Turkish-backed Syrian Fighters Capture Idlib Town from Regime
Algerian Judiciary Urged to Summon Bouteflika on Corruption Charges
Kurds Set 3 Conditions to Support New Iraq Government
Titles For The Latest English LCCC Miscellaneous Reports And News published on
February 25-26/2020
Iran’s Supreme Leader Faces Some Supreme Problems/Bobby Ghosh/Bloomberg/February
25/2020
Treasury Targets Maduro’s Oil Lifeline/John Hardie/FDD/February 25/2020
Climate Change Is Coming to Your Hometown Bonds/Brian Chappatta/Bloomberg/February
25/2020
Something is rotten in the Islamic Republic: Iran’s sinister coronavirus
cover-up/Mohammed Alyahya/Al Arabiya/February 25/2020
Pariah states seek to unseat the mighty dollar with crypto/Sultan Althari/Al
Arabiya/February 25/2020
The problem with Trump's Middle East peace plan/David Makovsky & Dennis Ross/The
Hill/February 25/2020
Inoculating economic growth against the
coronavirus/John Defterios/Arab News/February 26/2020
Idlib the latest example of UN’s irrelevance/Dr. Azeem Ibrahim//Arab
News/February 26/2020
The Latest English LCCC Lebanese & Lebanese Related News &
Editorials published on February 24-25/2020
Lebanon Allows 'Necessary Trips' to Corona-stricken Countries
Beirut - Asharq Al-Awsat/Tuesday, 25 February, 2020
The Lebanese government has prohibited residents from traveling to areas that
have been infected with the new Coronavirus (Covid-19), including China, South
Korea, Iran and Milan, with the exception of essential trips for medical,
education and work purposes. Minister of Health Dr. Hamad Hassan called on the
Lebanese to “trust the measures taken in coordination with the World Health
Organization (WHO) to prevent the spread of the Corona epidemic, as well as the
civil society to cooperate to refute the rumors and false news circulating
around it.” Following a meeting with President Michel Aoun, Hassan said:
“President Aoun was responsive to the need to support the health sector to face
the challenges.”“This sector is a red line for everyone,” he remarked. The
Health minister stressed that additional measures were taken with the Iranian
and Italian planes to ensure that the epidemic does not spread, revealing that
medical supplies were available in the Lebanese market, “but there are those who
monopolize them.”“This is unethical and unlawful, which entails legal
prosecutions,” he stated. Two Iranian planes landed on Monday at the Rafic
Hariri International Airport. The first arrived in the morning with 215
passengers onboard, and was found to be clear of Coronavirus. “The measures we
take today, with the Iranian and Italian airplanes are additional, ensuring that
the virus does not spread, if present,” Hassan told reporters at the Baabda
Palace. “The plane landed at the airport, after Iranian authorities conducted a
health test for all travelers. We have subjected the travelers to a second
medical examination, and those who suffer from symptoms will be directly
isolated at Rafic Hariri University Hospital, and those who do not suffer from
any symptoms will be taken to resorts or scout centers, in regions,” he
explained. A ministerial crisis cell convened on Monday and decided to “isolate
people who show symptoms of infection, and those coming from infected areas, at
the Rafic Hariri Governmental Hospital.”
Lebanon limits flights to countries with coronavirus, stops
pilgrimage trips
Abby Sewell, Al Arabiya EnglishTuesday, 25 February 2020
The Lebanese government has decided to restrict flights to countries with
coronavirus outbreaks and to completely halt flights for pilgrims, the
information minister said after a cabinet meeting on Tuesday. Lebanese Muslims
regularly fly to Iran, Iraq and Saudi Arabia on pilgrimage. Lebanon declared its
first confirmed case of coronavirus on Friday, a 45-year-old woman who had
returned from Iran. Some people in Lebanon have called for flights from Iran and
other countries to be cancelled over coronavirus fears, after infection rates in
Iran rose sharply. Lebanon’s parliamentary Health and Social Affairs Committee
met Tuesday to discuss measures to prevent the spread of coronavirus in the
country. The committee’s head said some members asked for flights from countries
experiencing outbreaks be suspended. Lebanon reported its first case last week
in a woman returning from Iran. “It was a wish of some of the colleagues that
all the flights from the affected countries be stopped – after the Lebanese who
are there return to Lebanon, because we are responsible for them,” Assem Araji,
a Future Movement member of Parliament from the Zahle region in east Lebanon,
told Al Arabiya English. The parliament committee met with Health Minister Hamad
Hassan and made recommendations he then brought to Cabinet Tuesday afternoon. At
the close of the session, Cabinet said it discussed "preventative measures."
Araji noted that a number of other countries, including Iraq, the UAE, and
Kuwait, had already suspended flights to and from Iran and other countries with
significant outbreaks of coronavirus. To date, 27 people have tested positive
for coronavirus in six countries in the Arab region after returning from Iran.
Iran has reported 15 deaths from coronavirus, the highest number outside China,
although the accuracy of the number is disputed. Lebanon has reduced, but not
halted, the number of flights coming from Iran and has put in place additional
screening measures on arrival for passengers coming from countries experiencing
outbreaks. Italy has also reported a substantial number of coronavirus cases.
The Beirut airport’s flight tracker showed a flight scheduled to arrive from
Rome Tuesday afternoon. To date, Lebanon has one confirmed case of coronavirus,
a 45-year-old woman who came on a flight from Iran last week. She is under
quarantine at Rafik Hariri University Hospital, a government-run hospital in
south Beirut. Hassan said Monday that out of 34 potential cases tested in
Lebanon since February 20, including 18 who arrived on the same plane as the
infected woman, she was the only one that had tested positive.
Lebanese Authorities Release Activist Previously Detained Over Facebook Post
Beirut - Asharq Al-Awsat/Tuesday, 25 February, 2020
The Lebanese judiciary released on Monday activist Charbel Khoury hours after he
was arrested over a statement he posted on social media against an advisor close
to the Free Patriotic Movement. Last Saturday, Khoury was summoned by the
Criminal Investigation Department for interrogation in light of a lawsuit filed
against him by the FPM's economic advisor, Charbel Kordahi. In a recent post on
his Facebook account, Khoury had criticized Kordahi, who has good ties with the
head of the Free Patriotic Movement, MP Gebran Bassil. Mount Lebanon Public
Prosecutor Judge Ghada Aoun ordered Khoury’s arrest after he refused to delete
the tweet critical to the economic advisor. Following his release on Monday, the
activist said, “I fear nothing. I will not delete statements posted on my
account.”Khoury said the lawsuit against him was dropped "because of the October
17th uprising,” adding that he has no faith in the Lebanese judiciary. As Khoury
was interrogated on Monday, several protesters rallied outside the Cybercrimes
Bureau in support of his release. The Alternative Syndicate of Journalists had
called for the protest in solidarity with Khoury against the arbitrary detention
of an activist over anti-government posts on social media. Also, a massive
social media campaign was organized in the past days to demand his release,
using the hashtag, “No to Police Repression.”The activist was summoned during
the weekend along with an online blogger, Gino Raidy, and journalist Dima Sadek.
In Lebanon, activists, including lawyers, journalists, media personalities and
writers, have faced physical attacks, arrest, psychological pressure and threats
to their families.
Lebanon Faces Lower Expectations to Recover Looted Funds
Beirut- Asharq Al-Awsat/Tuesday, 25 February, 2020
Head of the Finance and Budget Committee MP Ibrahim Kanaan has lowered
expectations about the possibility of recovering looted funds, pointing to a
study by the World Bank saying that the global recovery rate according to the
United Nations does not exceed 0.2%.The Parliamentary Finance and Budget
Committee is currently assisting a government panel “to set up an integrated
plan that includes, in addition to restructuring the public debt, a
comprehensive economic and financial strategy that restores confidence in
Lebanon’s finances and banking sector,” Kanaan said, following a meeting between
the committee and the visiting IMF delegation on Monday. During a workshop on
mechanisms for recovering looted funds in Parliament, the deputy noted that a
new system of legislation was aimed at fighting corruption. “But the problem
lies in immunities and interference in the work of the judiciary,” he said,
stressing that Lebanon was one of the countries classified by the World Bank as
“suffering from such interventions and lack of independence.” Pointing to the
World Bank study, Kanaan said that the looting of public money amounted to $40
billion annually “in countries that suffer the same situation as in Lebanon, and
so far there are no fruitful results in recovering the looted money, which is
not only a Lebanese issue, but a global one, as the global recovery rate
according to the United Nations is only 0.2 percent.”
Lebanon approves debt restructuring advisers: Government
source
Al Arabiya English and agencies/Tuesday, 25 February 2020
Lebanon has given approval for asset management company Lazard to be its
financial adviser on debt restructuring, a government source said on Tuesday,
with the heavily indebted state facing a major financial crisis.The approval was
given during a cabinet meeting on Tuesday. Approval was also given for law firm
Cleary Gottlieb Steen & Hamilton LLP to act as the government’s legal adviser,
the source said. Lebanon is currently in the throngs of an unprecedented
economic and financial crisis. With a March 9 deadline fast approaching for a
$1.2 billion eurobond payment, officials in Beirut are weighing options about
whether to repay the bond. Last week, the country’s banking association head
called for an orderly rescheduling of the upcoming eurobond payment. “If the
government is heading toward debt rescheduling, then this rescheduling must take
place in an orderly manner,” Salim Sfeir told Prime Minister Hassan Diab,
according to a press statement from Sfeir’s office. Previously, Lebanon
approached the International Monetary Fund for technical assistance, and a
delegation from the fund was in Beirut for meetings last week. It is expected
that the IMF will ask Lebanon to unify its current parallel exchange rate that
emerged as the crisis deepened when protests broke out mid-October and fix its
ailing electricity sector that runs a $1.5-$2 billion annual deficit. Eight
firms had been invited to be Lebanon’s financial adviser as it studied options
for dealing with its sovereign debt. Moelis & Company, Rothschild & Co,
Guggenheim Partners, Citibank, Lazard, JP Morgan, PJT Partners and Houlihan
Lokey were the firms identified, according to Reuters. Earlier this week, two
major credit rating agencies, S&P and Moodys, downgraded Lebanon further into
junk territory. S&P Global lowered its long-term foreign and local currency
sovereign credit ratings to “CC” from “CCC” with a negative outlook. Moodys
posted a similar reduction to Ca from Caa2 with a stable outlook.-With Reuters
Cabinet Discusses Precautionary Measures against Virus Threat
Naharnet/February 25/2020
Lebanon’s government met on Tuesday at Baabda Presidential Palace in a session
dedicated to counter threats of the deadly Coronavirus disease that has infected
around 80,000 individuals to date globally. President Michel Aoun chaired the
meeting in the presence of PM Hassan Diab and ministers. The cabinet is
scheduled to discuss all the precautionary measures to be adopted by the
Lebanese state facing Coronavirus. The Ministers will also get a briefing on the
most recent Coronavirus updates from Minister of Public Health, Hamad Hassan.
The first case of Coronavirus in Lebanon was confirmed Saturday in a 45-year-old
Lebanese woman who had traveled from Qom in Iran. MTV station said the cabinet
will discuss the possibility of suspending flights to and from countries where
the disease has spread, and the decisions of the committee dedicated to follow
up on the virus outbreak.
Report: Diab’s Govt. Makes 'First' Contact with Arab States
Naharnet/February 25/2020
Minister of Interior and Municipalities Mohammed Fahmi is scheduled to attend
the Arab Interior Ministers Council in Tunisia this week, MTV station said on
Tuesday. The conference will be the “first opportunity” for PM Hassan Diab’s
government to communicate with Arab governments through one of Lebanon's new
ministers, added MTV. According to information obtained by the station, Fahmi
will hold meetings with his Arab counterparts on the sidelines of the
conference. New premier Diab, a little-known academic and former education
minister, was tasked with forming a government in December after mass rallies
against official corruption and economic woes forced premier Saad Hariri to
resign. His government was formed late in January but angry demonstrators charge
that the new cabinet fails to address their demands and won't be able to rescue
Lebanon's ailing economy. Diab’s government reportedly “did not receive Arab and
Gulf consent,” because they consider Diab “affiliated” to the March 8 camp,
“endorsed” by Hizbullah and “close” to Syrian President Bashar Asaad.
Casino du Liban Denies Coronavirus Rumors
Naharnet/February 25/2020
Casino du Liban refuted on Tuesday claims attributed to al-Mayadeen TV channel
alleging that a case of the deadly coronavirus disease was detected at the
Casino, the National News Agency reported on Tuesday. The administration of the
Casino, issued a statement denouncing what it said was “malicious rumors
disguised under the name of al-Mayadeen," NNA said. It assured that no cases of
coronavirus were detected at the Casino. The Casino confirmed that after
contacting an official at al-Mayadeen, he confirmed the absence of such news on
any of the news channel's websites.
Report: EU Countries ‘Pleased’ with Govt. Performance
Naharnet/February 25/2020
Countries of the European Union reportedly “support” the reform goals set by the
Lebanese government and are “committed” to the goals agreed at the CEDRE
conference, al-Joumhouria daily reported on Tuesday. Quoting western diplomatic
sources, the daily said that “EU countries are fully committed to support
Lebanon, its people, its unity, sovereignty, stability and political
independence as well as commitment to the goals agreed at the Cedre (support)
conference,” for Lebanon. The sources said that EU countries are “pleased” with
the path taken by the Lebanese government and “the tangible seriousness” in
approaching the economic crisis. They said the “government's response to the
legitimate demands of the Lebanese people will yield fruitful results,
especially in terms of fighting corruption and implementing urgent and
long-awaited reforms.”According to the daily, the EU’s position differs from
that of the US administration which believes that Lebanon’s crisis may grow even
more difficult. The US administration sees “Lebanon’s government facing a very
difficult test prompting it for serious reforms and combating corruption. Only
then will Lebanon receive US and international assistance,” said the sources.
Rafik Hariri Hospital: 3 Out of 34 Isolated despite Showing
No Virus Signs
Naharnet/February 25/2020
The Rafik Hariri University Hospital announced Monday that three out of 34
people examined for the coronavirus over the past 24 hours have been quarantined
although they tested negative. Accordingly, the hospital said the number of
those quarantined has risen to five – four who have “tested negative” and a
45-year-old woman who tested positive and was declared Friday as the country’s
first coronavirus case. The woman “is in a stable condition and is receiving the
necessary treatment,” the state-run hospital added in a daily statement. “Lab
tests were conducted for 29 cases and they all tested negative as three patients
were discharged from hospital after being asked to isolate themselves in their
homes for 14 days,” the hospital said. “They were provided with all the
necessary instructions and prevention means, according to the directions of the
World Health Organization,” the hospital added, noting that the three
individuals had tested negative twice. Two Iranian planes and an Italian plane
landed Monday at Beirut’s airport where they were inspected by Health Ministry
teams. Iran and Italy have emerged as two of the virus’ main hotspots in the
world along with South Korea and the epicenter China. Iran's confirmed death
toll rose to 12 on Monday, with the government promising transparency and
dismissing a lawmaker's claim the toll could be as high as 50. The World Health
Organization said Monday that COVID-19 had "peaked" in China but warned the
surge in cases elsewhere was "deeply concerning" and all countries should
prepare for a "potential pandemic."
Geagea Slams French Journalist who Claimed He Has Cancer
Naharnet/February 25/2020
Lebanese Forces leader Samir Geagea on Tuesday lashed out at a French journalist
who has published a report claiming that he has cancer, describing the
allegations as “totally baseless.”“Last week, I appeared at least three times
through the media and I had an interview with more than 30 journalists, so how
can the report about my treatment in France for three days be true?” Geagea said
at a press conference dedicated to refuting the claims of the journalist,
Richard Labévičre. “We will file lawsuits in France and Switzerland against this
paid journalist,” Geagea added, blasting Labévičre as “a friend of Michel Samaha
and Jamil al-Sayyed and a defender of President Bashar al-Assad.”The LF leader
also criticized the Lebanese media outlets which published the allegations
without exerting efforts to verify them. The blog post published by Labévičre on
prochetmoyen-orient.ch claims that Geagea has been suffering for several years
from advanced cancer localized in the pulmonary and urological systems. “His
illness was detected about two years ago and his doctors believe his life
expectancy does not exceed one year,” the post alleges. MP al-Sayyed meanwhile
hit back swiftly at Geagea, stressing that Labévičre is not his friend and that
he has not contacted him in years. “Geagea is a liar and his remarks prove that
his illness is more dangerous than cancer: his illness is in his brain! May God
heal him,” al-Sayyed tweeted.
Drillship Off Lebanon to Start Oil and Gas Exploration
Agence France Presse/Naharnet/February 25/2020
A drillship anchored off Lebanon Tuesday to explore for oil and gas, an energy
firm and the government said, raising hopes for a future boost to the country's
crumbling economy. Information Minister Manal Abdul Samad said the first ever
such exploration would start within 48 hours.
The Tungsten Explorer was to start drilling in its first exploration well
situated some 30 kilometers (16 nautical miles) offshore from Beirut, French oil
firm Total said. "Total is pleased to start exploration operations on block 4,
which is the first deepwater exploration well in Lebanon," Total's Lebanon chief
Ricardo Darre said. Anticipation has been high in Lebanon for exploration to
start, with many hoping a major hydrocarbon discovery could help redress the
debt-burdened economy. Energy Minister Raymond Ghajar said on Twitter the ship
had anchored in block 4. Total said the drilling would last two months, and
start at 1.5 kilometers (0.9 miles) below sea level. "The exploration well aims
at exploring targets located more than 2,500 meters below the sea bed," it said.
A consortium composed of energy giants Total, Eni and Novatek was awarded two of
Lebanon's 10 exploration blocks in 2018 -- block 4 and block 9 near the Israeli
border. Drilling was initially supposed to start in December for block 4.
Exploration of block 9 had been scheduled for several months later, but has been
far more controversial as Israel claims it belongs to it. Total has said it was
aware of a border dispute affecting less than eight percent of block 9, and
would drill away from that area. Lebanon is one of the most indebted countries
in the world, with a burden equivalent to 150 percent of its GDP. It is in the
grips of a severe liquidity crunch that has hampered imports, sparked price
hikes and caused the value of the Lebanon pound to plummet on the parallel
exchange market.
Hariri, Jumblat Mourn 'Friend of Lebanon' Mubarak
Naharnet/February 25/2020
Al-Mustaqbal Movement leader ex-PM Saad Hariri on Tuesday mourned late Egyptian
president Hosni Mubarak as a “loyal friend of Lebanon.”“With the death of
president Hosni Mubarak, we turn the page on an epoch of the history of Egypt
and the Arab nation, which was rife with both achievements and failures and
carried landmarks in development and modernity in all fields,” Hariri tweeted.
“President Mubarak was a loyal friend of Lebanon and a bright icon for Arab
solidarity. We remember his good deeds… and we offer the warmest condolences to
the Egyptian leadership and the family of the great departed,” Hariri added.
Progressive Socialist Party leader ex-MP Walid Jumblat meanwhile said
“historical honesty requires acknowledging that president Mubarak was a great
friend of Lebanon who stood by us during the peak of the crisis after Rafik
Hariri’s assassination in order to pull out the Syrian regime forces.”“He also
contributed to the establishment of the Special Tribunal for Lebanon,” Jumblat
added in a tweet. “Arab Egypt remains a supporter of Lebanon’s stability and
independence and a key nation in the Arab Levant,” Jumblat went on to say.
Mubarak, who ruled for three decades before he was ousted amid the Arab Spring
protests in 2011, died Tuesday at age 91. The burly autocrat with the trademark
sunglasses went on to spend years behind bars for his role in the deaths of
protesters but was freed in 2017 after the convictions were overturned. His
death was confirmed by the presidency and on state TV, and his son Alaa Mubarak
tweeted that "this morning my father, president Mubarak, passed away."
Parliament General Secretariat Hits Back at U.N.
Coordinator
Naharnet/February 25/2020
Parliament’s General Secretariat on Monday responded to remarks voiced by U.N.
Special Coordinator for Lebanon Jan Kubis. “We do not need lessons in
legislation and we have never legislated behind closed doors,” the General
Secretariat said in a statement. Kubis had earlier tweeted that “anti-corruption
laws need to be discussed by the Parliament in full transparency, not behind
closed doors.” “Draft laws need to be accessible to public for comments in a
truly inclusive way, not only to few selected ones,” he added.
Renault Files Civil Claim against Ghosn
Agence France Presse/Naharnet/February 25/2020
French car giant Renault said Monday it was filing a civil claim for damages
against former CEO Carlos Ghosn over alleged financial misconduct. "Renault has
filed a legal action to assert its rights," the company said in a statement,
adding that it reserved the right "to solicit damages with interest" from an
investigation into numerous claims of financial misconduct in France. Renault
added it would cooperate fully with judicial authorities. Lawyers for
Brazilian-born Ghosn, who jumped Japanese bail in December and is now in his
native Lebanon, on Friday delayed a lawsuit seeking a hefty retirement payout
for their client from Renault, saying the company had not given them enough time
to prepare arguments. Ghosn is seeking a 250,000 ($270,000) retirement payout,
which Renault refuses to pay because it says he was forced to quit after his
shock November 2018 arrest in Japan on multiple charges of financial wrongdoing.
The former industry titan claims he retired in due form of his own accord. He
faces a French inquiry into two parties he threw at the Palace of Versailles,
including his opulent 2016 wedding, allegedly financed in part by Renault funds.
A party for his 60th birthday two years earlier, replete with musicians, a top
chef, period costumes for attendees and a firework display ostensibly to mark 15
years of the Reault-Nissan alliance allegedly cost 530,000 euros. Ghosn is also
under investigation by France's tax fraud office over suspicious financial
transactions between Renault and its distributor in the Gulf state of Oman, and
over contracts signed by Renault and Nissan's Dutch subsidiary RNBV, the public
prosecutor said last week. In Japan, he still faces multiple charges including a
claim he under-reported millions of dollars in salary as chairman of Nissan. He
has denied all the charges, but fled while on bail before he could face trial.
Lebanese star Elissa: Govt. still allowing Iran flights
‘not to upset Hezbollah’
Leen Alfaisal, Al Arabiya English/Tuesday, 25 February 2020
Lebanese superstar Elissa criticized in a tweet on Monday the Lebanese
government for not banning flights to and from Iran after the coronavirus
outbreak in the Islamic republic. “Our country is shameless. I cannot find a
better word to express what is going on,” the star said. Lebanon confirmed its
first coronavirus case on Friday, a 45-year-old woman who had arrived from Iran
and was being quarantined in a Beirut hospital. Elissa argued that even if the
infected came from the Vatican, the Lebanese government should stop flights to
and from that country. “Only because we don’t want to upset Hezbollah, we don’t
stop Iran flights,” she said. “On top of all that, they tell us not to
panic!”Coronavirus has killed around 50 people in Qom, the Iranian city's
representative in parliament said, according to the semi-official ILNA news
agency, despite official figures saying that only 15 have died. In a harsher
tone, Elissa tweeted again saying: “When will we be rid of the sheep’s mentality
and start talking logic and science?? What is this place we live in??”Other
Lebanese figures also tweeted their frustration with the matter. Jerry Maher, a
Lebanese journalist, listed the countries which have banned Iran flights and
said: “Lebanon continues to allow Iran to export its virus, sectarianism, arms,
and funds to Hezbollah.”
Protesters cut off Jbeil Highway's western lane
NNA/February 26/2020
Protesters have cut off once again the western lane of Jbeil Highway, NNA
Correspondent reported on Tuesday. The army instantly arrived at the scene,
while the aforementioned Highway is currently witnessing heavy traffic jam.
Minister of Economy: We will have no mercy on those who
manipulate prices, monopolize goods
NNA/February 26/2020
Minister of Economy and Trade Raoul Nehme emphasized that "the ministry's
priority is consumer protection," stressing that “we will have no mercy on
violators [of the law], or on those who manipulate prices and monopolize
goods."He announced that an agreement was reached today with the bakeries union,
to establish a mechanism to cover the cost of bread production.
Future Bloc: To draw coronavirus threat out of
politicization circle
NNA/February 26/2020
The Future Parliamentary Bloc met this Tuesday under the chairmanship of MP
Bahia Hariri, with talks touching on the latest political developments and the
country's overall conditions, indicating at the end of the meeting that the
confirmed coronavirus case in Lebanon "should be given the highest importance,
commensurate with the size of the risks arising from the spread of the virus,
according to specialists who are unanimous in urging preventive measures that do
not tolerate any form of recklessness and irresponsibility, whether from the
governmental and medical institutions or from the citizens and residents on
Lebanese lands." The bloc stressed "commitment to health guidelines, especially
in areas of overpopulation, schools and universities, and avoiding travel to
countries where the virus is spreading."It also called to "draw the coronavirus
threat out of the politicization circle," and "give priority to the safety of
citizens and residents in Lebanon (...) by subjecting the returnees through
Beirut airport to the quarantine that is adopted in other countries, or through
the mandatory ban on travel to the affected countries." Conferees blamed "the
prime minister for joining the team of marketers for the accumulations of the
past thirty years, and holding [some] responsible for the exacerbation of public
debt, without specifying the main party answerable for debt since 1992, as half
of the public debt has resulted from waste in the electricity sector." "The
Prime Minister's statements last week on 'starting to address the accumulations
of 30 years of wrong policies' are unacceptable. They fall within the framework
of the campaigns targeting martyred Prime Minister Rafik Hariri and the Hariri
policies that have lifted Lebanon from the state of destruction caused by the
war, as well as from the policies of procrastination and disruption that had
been adopted by alternated governments, covenants or parties which are no secret
to any honorable Lebanese," the bloc statement read.
Nasr to NNA: Drillship works will take 55-60 days
NNA/February 26/2020
Head of the Lebanese Petroleum Administration, Walid Nasr, stressed in an
interview with the "National News Agency", that the drilling process by the
Tungsten Explorer drillship, which arrived in Lebanon today, will take between
55 and 60 days in block 4 of the Lebanese waters, at a depth of 1500 meters.
Nasr also noted that the depth of the well is about 4,100 meters below sea
level. Asked about the step that will follow the drilling process, he said: "It
takes about two months to analyze the results of the drilling.""According to the
results, there are two possibilities: either finding a dry well, i.e., no gas
and no oil, or finding quantities of these two substances, at which time Total
may need to drill additional wells to be able to determine the quantities and to
know whether they are commercially viable or not." Nasr deemed that whatever the
results, this step is considered important and positive for Lebanon. "In both
cases, this process is important and positive for Lebanon.. Even if the well is
found to be dry, the geological information that we will attain is of great
significance in terms of studying the nature of the seabed in Lebanon with
regard to oil, and for better planning for drilling additional wells in the
future.""If it becomes evident that commercial quantities are available, then we
will enter the phase of preparations and planning for the production stage that
requires drilling additional wells and building the necessary infrastructure to
start the extraction process."
European Union launches 15th Edition of "Samir Kassir Award
for Freedom of the Press"
NNA/February 26/2020
During a press conference held today at the Delegation of the European Union to
Lebanon, Ambassador Ralph Tarraf launched the 15th edition of the "Samir Kassir
Award for Freedom of the Press" together with Ms Gisčle Khoury-Kassir, President
of the Samir Kassir Foundation, former winners of the Award, and representatives
from the Lebanese media. The "Samir Kassir Award for Freedom of the Press",
which has been awarded by the European Union since 2006, honours the Lebanese
journalist and writer Samir Kassir who was assassinated in 2005. The competition
for the Award has attracted since its creation more than 2,500 candidates the
Middle East, the Gulf and North Africa.
Ambassador Tarraf reaffirmed the commitment made by the European Union 15 years
ago to pursue Samir Kassir's struggle for free speech and an independent free
press. He added that "freedom of expression lies at the core of the European
Union values, and we are strongly committed to defend independent media and
protect press freedom and media pluralism".
Ms Khoury added: “No country can truly address the challenges facing our
societies without transparency, without freedom of thought and expression.
Autocratic regimes claim to be providing stability, but we do not accept the
factitious choice between stability and freedom.” She also recalled Samir
Kassir’s call to the citizens of the region, in 1995, to “break the walls of
silence.”
The contest is open to candidates from North Africa, the Middle East and the
Gulf. The deadline for sending in contributions is 1 April 2020. Three awards
will be granted for the best:
- Opinion Article
- Investigative Article
- Audiovisual News Report
The contributions must be centred on one or more of the following topics: rule
of law, human rights, good governance, fight against corruption, freedom of
expression, democratic development and citizen participation. The winner of each
of the three categories will receive a prize of €10,000.
The jury will be composed of seven voting members from Arab and European media
and one observer representing the European Union. The names of the jury members
will be communicated during the prize-awarding ceremony which will take place on
2 June 2020 in Beirut, marking the 15th anniversary of Samir Kassir’s
assassination.
The contest regulations, application forms and details of the candidature file
are available on the following website: www.samirkassiraward.org
Delegation of the European Union to Lebanon
Lebanon: Hezbollah does 'not accept' IMF managing economic
crisis
Al Jazeera/Reuters/February 25/2020
A team of IMF experts arrived in Beirut last week at the new government's
request to offer technical support
Hezbollah on Tuesday spoke out against the International Monetary Fund managing
Lebanon's financial crisis but said it does not oppose the country seeking the
IMF's advice. "We will not accept submitting to [imperialist] tools ... meaning
we do not accept submitting to the International Monetary Fund to manage the
crisis," Hezbollah deputy leader Sheikh Naim Qassem said. "Yes, there is nothing
to prevent consultations [with the IMF], and this is what the Lebanese
government is doing," he added.Iran-backed Hezbollah is one of the main parties
that threw its support behind the new Beirut government, which has asked for
technical but not financial assistance from the IMF. A team of IMF experts
arrived in Beirut last week at the government's request to offer technical
support. Facing a huge public debt burden and an acute liquidity crisis, the
Lebanese state appointed international investment and law firms as its financial
and legal advisers on a widely expected restructuring of its sovereign debt. One
of the world's most heavily indebted countries, Lebanon is tasked with deciding
how to handle forthcoming maturities of sovereign debt including a $1.2bn
Eurobond due on March 9.
Parliament Speaker Nabih Berri, a Hezbollah ally and one of Lebanon's most
influential figures, last week echoed Qassem's view, saying Lebanon could not
surrender itself to the IMF because the nation could not bear the IMF's
conditions. The government gave approval for US asset management company Lazard
to act as Lebanon's financial adviser and law firm Cleary Gottlieb Steen &
Hamilton LLP to act as its legal adviser on the debt restructuring. Ratings
agencies and investors expect the debt restructuring to happen.Lazard has
previously advised on some of the world's largest sovereign debt restructurings
including Argentina, Greece and Ukraine. Lazard Freres, a French subsidiary of
Lazard, was one of the firms that advised Argentina in overhauling its debt
after it defaulted on some $100bn loans during its crisis in 2002.
Distrust in Lebanese banks spurs bitcoin boom
Timour Azhari/Al Jazeera/February 25/2020
Beirut, Lebanon - When Maher, an engineer in his mid-30s, returned to Lebanon
flush with cash from working in the Gulf, he deposited his hard-earned savings
in a bank - believing they would be safe.
But as Lebanon has spiralled into its worst economic crisis in decades, banks
have imposed informal capital controls that force people to withdraw their
savings in Lebanese pounds at the official exchange rate that effectively values
their savings at 40 percent less than what its worth on the parallel market.
"Nothing can prepare you for the shock of this," Maher told Al Jazeera. But
Maher, who asked his surname be withheld to protect his privacy, is not standing
by helplessly. He is trying to move what is left of his savings out of Lebanon
via a financial instrument many in the country have not embraced - until
recently. More Lebanese are embracing the notoriously volatile cryptocurrency as
the country's economy founders.
Bitcoin.
"Suddenly everything turns upside down and all the options are open," said
Maher. With confidence in Lebanese banks at an all-time low over increasing
restrictions on foreign currency movements, more Lebanese are turning to digital
currencies like bitcoin as a way to shift their money in and out of the country.
"Right now, Lebanese are interested in escaping tight restrictions on cash
withdrawals and transfers. They basically want financial freedom," 29-year old
Mahmoud Dgheim, who has traded bitcoin since 2015, told Al Jazeera. "If you want
to go around the banking system, bitcoin is a solution."
Bitcoin - the first and most well-known cryptocurrency - is neither issued nor
controlled by any government or financial entity. Rather than go through a bank
or another middleman, transactions made in bitcoin are peer-to-peer, anonymous
and verified by a centralised global network of computers.
Since its launch over a decade ago, bitcoin has gained legions of converts
around the globe who use it to buy everything from hotel bookings, to cars,
laptops and furniture. But it never really took off in Lebanon where central
bank restrictions on purchasing bitcoin with Lebanese credit cards, glacial
internet speeds and unreliable electricity have acted as serious impediments to
adoption. Risk aversion is another reason Lebanese have steered clear. Bitcoin
is famously volatile, whereas the Lebanese pound has long been pegged to the
dollar, with which it was used interchangeably.
But faith in the stability of the Lebanese pound has been badly shaken recently.
Lebanese Banks began imposing increasingly restrictive informal capital controls
after a popular uprising first swept the country more than four months ago.
Foreign currency withdrawals are now limited to between $50 and just a few
hundred dollars a month. Transfers abroad were recently capped at $50,000 a year
for so-called "necessary matters".
Fears that the Lebanese banking system, and indeed the entire heavily indebted
Lebanese state, could collapse have led many to invest their cash in assets
rather than keep it in the banks. They have bought gold, jewellery, cars, real
estate and, increasingly, bitcoin.
Seven Lebanese bitcoin traders said in interviews with Al Jazeera that the
volume of their trade had spiked since November, when capital controls were
first introduced, with the value of transactions collectively reaching millions
of dollars a month.
"It started slow but now, it's going exponential," Simon Tadros, a 33-year-old
bitcoin trader who is also the chief technology officer of web development firm
cnepho.com, told Al Jazeera. "Before the uprising, bitcoin gave me supplementary
income, but now, it's definitely become the primary," Omar Debian, a 24-year old
Beirut-based bitcoin trader told Al Jazeera.
Making the transaction
Moving money out of Lebanon via bitcoin often begins with pairing buyers who
want to convert foreign exchange or other hard assets into the cryptocurrency,
with sellers who have a surplus of bitcoin. The sellers profit from the
transaction by charging a commission- typically between 1 percent and 5 percent
of the total value of the hard asset being exchanged. Most of these transactions
happen by referral, Tadros says. "It's a small community but there are lots of
scammers around, so we try to keep things close, verify and establish trust
between people."
Some buyers and sellers meet through groups on popular messaging apps like
WhatsApp.
In one such group, participants regularly post offerings anywhere between
hundreds of dollars worth of bitcoin, to hundreds of thousands of dollars worth.
Houses, cars and phones have also been put up for sale in the cryptocurrency on
that single group of more than 250 members.
Once a buyer and seller are matched, there are two commonly used avenues for
completing the transaction. The first and simplest involves meeting in person
and exchanging physical cash for a bitcoin transfer, a method referred to as
'over-the-counter' or OTC. "Basically, this means we meet up in a Starbucks, he
gives me the [physical] money, and right there, I transfer him the bitcoin,"
Tadros explained. Debian said that one of his customers liquidated their assets
in Lebanon and bought hundreds of thousands of dollars worth of bitcoin in cash,
in order to transfer that wealth to Germany.
A second popular method for transacting involves buyers handing sellers a
physical banker's cheque verified by Lebanon's central bank. These banker's
cheques can only be deposited in another Lebanese bank. Once the seller takes
possession, they transfer bitcoin to the buyer.
Sellers charge a steep commission on this type of transaction - 25 to 40 percent
- because the money they receive remains tied up in a Lebanese bank that could
potentially collapse or impose even tighter capital controls. They also assume a
normal exchange rate risk.
"I'm basically hedging that I'll still make a profit and the dollar won't
devalue by more than 40 percent," a bitcoin trader said on condition of
anonymity. For buyers though, the steep commission can be worth it given their
only alternative for moving money out of Lebanon is converting their savings at
the official exchange rate of 1,500 - which values the Lebanese pound at 40
percent less than the parallel exchange rate of 2,500.
Bitcoin is protected by mathematics, fiat [traditional] currencies are protected
by governments. Which do you trust?
SIMON TADROS, A 33-YEAR-OLD BITCOIN TRADER
'It puts your mind at ease'
Many Lebanese banks have allowed customers who put new money in the bank, either
in cash or via transfer from outside Lebanon, to open so-called "fresh money"
accounts that are not subject to capital controls. In theory, this allows
customers all the ease of transferring money that makes bitcoin attractive. But
trust in banks has been so eroded that many fear new restrictions could be
imposed at any moment, barring their access to even fresh money. "We distrust
the banking system, so we just don't use it at all any more," the founder of a
Lebanon-based tech company with about a dozen employees told Al Jazeera. The
founder, who spoke on condition of anonymity, said they transfer about $30,000
worth of bitcoin into Lebanon every month to pay employees. The bitcoin is
bought from a foreign account and then sold "over-the-counter" in Lebanon to
established buyers. "Some people need to get money out, others need to get money
in, when we find each other we match," the founder said. "Over time, we've
developed stable relationships." Bitcoin is also attractive because large sums
can be transferred within just a few minutes, while waiting periods for bank
transfers can top a week, Debian says.
"Fresh money takes at least a week to 10 days to be transferred, and that's if
it's sent. Meanwhile, I can transfer bitcoin in $100,000 batches in less than 30
minutes. It puts your mind at ease."A 28-year-old bitcoin trader who goes by
CryptoLira on Twitter told Al Jazeera that in addition to Lebanese, wealthy
Arabs with investments in Lebanon are also turning to bitcoin. The trader
manages large Middle Eastern accounts. "They just want to get their money out of
Lebanon - we're talking really large sums," he said, adding that they were doing
so using the banker's cheque method, incurring significant losses.
A volatile currency for volatile times
Bitcoin has had significant ups and downs since it was launched, hitting a peak
of around $20,000 in 2017 before crashing to just a few thousand. It currently
sits around $9,650. But CryptoLira said the cryptocurrency is still a smart
investment in Lebanon, given the country's uncertain financial outlook.
"When people talk about the volatility of bitcoin it's important to remember how
volatile currency can be, too - I mean, just look at the Lebanese lira [pound],"
he said. "Yes, bitcoin is volatile but it's volatile on the up, it's one of the
best-performing assets in the world."
This is true for 2019. The Financial Times reported earlier this month that
dedicated cryptocurrency investment funds brought in returns of more than 16
percent in 2019, while traditional hedge fund strategies yielded just 10.4
percent. However, go back a few years and the volatility of the digital currency
led many who bought in the leadup to the 2017 peak, or even in 2018, to lose
large sums. Still, the inherent anarchy of bitcoin makes it irresistible for
many Lebanese living through the country's unprecedented anti-establishment
uprising. "If you're fighting for a world where bitcoin is a main currency,
you're fighting for the end of all governments," CryptoLira said. "We had the
separation of church and state - today, bitcoin is working towards the
separation of money and state." Tadros agrees. "Bitcoin is protected by
mathematics, fiat [traditional] currencies are protected by governments. Which
do you trust?"
Lebanon bars citizens from religious pilgrimages over
coronavirus fears
The News Arab/February 25/2020
As coronavirus continues to spread to parts of the Middle East, Lebanon joins a
number of countries who have halted flights to virus-ridden
places.Tags:Coronavirus, Lebanon, Iran, Qom, Middle East
The Lebanese government has banned nationals from taking part in pilgrimages to
Iran and other Middle East countries, after an explosion of fresh coronavirus
cases were reported in the region.
Oman has reported two new cases of the coronavirus, bringing the total to four.
Iraq has also reported four new cases, after one other person was reported to
have the disease. Iran has 16 recorded deaths due to the virus – though that
number could be as high as 50 (this has been denied by the Iranian government).
Iran has the second highest number of fatalities outside of China. Iran's deputy
health minister said on Tuesday he had been diagnosed with the virus. Flights to
coronavirus-hit countries have also been restricted, the information minister
said. Lebanese Muslims regularly fly to Iraq, Iran and Saudi Arabia for
religious trips, including Mecca for Haj or Umrah. Shia Muslims also regularly
travel to Iran's holy city of Qom for pilgrimage. Last week Lebanon revealed its
first confirmed case of the virus, contracted by a 45-year-old woman who had
returned to the country after visiting Iran. This comes as tension between
Tehran and Washington over the Shia state's apparent under-reporting of cases
and deaths.
Tehran last week were forced to deny that 50 people had died as a result of the
virus, claiming that number had at the time only stood at 13.
Since then, 16 people have been confirmed to have died in Iran, and the number
of confirmed cases stands at 95. Now, US Secretary of State Mike Pompeo said
he's "deeply concerned" that the Iranian government have been suppressing
important information about the outbreak in the country.
"The United States is deeply concerned by information indicating the Iranian
regime may have suppressed vital details about the outbreak in that country," he
told reporters today.
"All nations, including Iran, should tell the truth about the coronavirus and
co-operate with international aid organisations."
Iran's deputy Health Minister Iraj Harirchi has tested positive for coronavirus,
who condessed to in isolation and receiving treatment following his diagnosis.
Despite the growing alarm in Iran and the Middle East, President Hassan Rouhani
refused to "shut down the country" and claimed it is an "enemy's" plot to spread
panic over coronavirus.
The coronavirus, or Covid-19 as it is called, is believed to have started in
China’s Wuhan and spread across Asia, Europe and the Middle East.
Symptoms of the virus vary, but it can cause pneumonia. Those who have fallen
ill are reported to suffer coughs, fever and breathing difficulties. Sever cases
report organ failure and death.
Antibiotics do not cure the illness, and though scientists are working on a
cure, currently there is none.
Lebanese Political Science Professor Al-Naboulsi:
Coronavirus - Possible Anti-Chinese Biological Warfare by the U.S.
MEMRI/February 25/2020
Source: OTV (Lebanon)
In an interview with OTV (Lebanon), Sadek Al-Naboulsi, a political science
professor at the Lebanese University postulated that the U.S. has engaged in
biological warfare against China, using the coronavirus to prevent China from
gaining world economic dominance. The interview aired on February 23, 2020.
Interviewer: "Do you believe that the [corona] virus..."
Sadek Al-Naboulsi: "Yes, part of modern warfare...
Interviewer: "Is to cause diseases."
Sadek Al-Naboulsi: "Biological warfare. Why do we rule this out in advance?"
Interviewer: "Do you believe that the source for this virus is a conspiracy
against China?"
Sadek Al-Naboulsi: "I don't have information. I don't know this for sure, but I
do not rule out that as a result of the fierce tensions between the U.S. and
China, the U.S. would resort to such nefarious methods in an effort to prevent
China from leading the world economically by 2025. We all know that by 2025,
China will become the world's number one economic power, while the economic
power of America will decline. Is this virus part of the confrontation with
China, in an attempt to dethrone it or to prevent it from reaching the top? I
don't have an answer but this is a legitimate question."
Is creative nonviolent resistance possible in Lebanon?
Perla Kantarjian/Annahar/February 25/2020
In an intimate environment, the event swarmed with full and dynamic intellectual
conversation which speculated the validity of nonviolent resistance in the
context of the ongoing Lebanese revolution.
BEIRUT: In the heat of the Lebanese revolution, whether or not to adopt tactics
of nonviolent resistance has been sparking controversy within protesters, many
of whom, “mistakenly correlate nonviolence with weakness,” as Ogarit Younan
believes.
In pursuit of expanding on the topic of nonviolent resistance, TEDxHamraSalon
hosted an evening of deep-dive discussions at The Olive Grove with guest speaker
Ogarit Younan, researcher, writer, and international trainer and advocate of
nonviolent resistance worldwide.
Younan is also the founder of the Academic University for Nonviolence and Human
Rights (AUNOHR), which is the first of its kind in Lebanon and the Arab region.
At the Sunday event which commenced with an opening word by Sara Sibai, TEDX
ambassador and licensee and curator of TedxHamra salon, attendees were shown a
TED talk in which Filmmaker Julia Bacha shares stories of effective nonviolent
resistance, focusing on the crucial leadership role played by women in their
waging. Afterward, guest speaker Younan unraveled the world of nonviolent
resistance first by exemplifying powerful strategies from around the world, such
as the Indian Independence Movement led by Mahatma Gandhi, and the American
Civil Rights Movement led by Martin Luther King and then relating them to the
local situation. “Revolutions are often associated with violence,” Younan said,
“and supporters of violent resistance throughout uprisings tend to underestimate
the power of the non-violent approach to resistance, even when they are not
fully familiar of its efficacy.”
She added that nonviolent revolutions, if not generating resistance, are
invalid. Similarly, she explained, nonviolent revolutions cannot succeed without
patient determination, proper strategizing and directing focus on specific
objectives.
In an intimate environment, the event swarmed with full and dynamic intellectual
conversation which speculated the validity of nonviolent resistance in the
context of the ongoing Lebanese revolution.
“In Lebanon, because of the sectarianism, protesters need to be extra creative
with their ways since complete unification is difficult to achieve,” Younan
said. “However, no protestor has the right to execute a violent resistance which
may hurt another individual who may not want to be involved with violence in the
first place.”Through the whole of her speech, Younan emphasized on the
importance of being strategically planned. If the opponent is throwing bombs,
peacefully standing under the bomb is not smartness, but suicide, she said.
In this case, she added, even if we want to respond with violence, we cannot do
so unless strategically planned, and that “studying the case is always
essential.”
As an attendee who requested anonymity told Annahar, “the process of learning
has to continue, and us as Lebanese, who have been neglecting their role in
Lebanon for too long, need to realize we are at the beginning of a process which
takes years to materialize.”
Another attendee Jad Safwan, a research coordinator at the Samir Kassir, told
Annahar that the event “got him thinking” and unveiled methods and implications
of resistance he did not previously take into consideration, such as how our
actions throughout revolutions affect others.
TEDxHamraSalon is a local forum of monthly salons that aim to connect people
both to ideas and to each other in an intimate environment, with the hopes of
inspiring people to change their lives, their futures and ultimately their
world.
The Latest English LCCC Miscellaneous Reports And News
published on February 25-26/2020
Deadly Toronto hammer attack was
terrorism, police allege
Steward Bell & Cathrine Mcdonald/Globe News/February 25/2020
https://globalnews.ca/news/6594305/deadly-hammer-attack-terrorism/?fbclid=IwAR2InVmARmHa-arbgNpfNK6LyYxv2KSLxafwmNz5pgGTWgxCCF46akJe-5o
A hammer attack that killed a 64-year-old woman in Toronto on
Feb. 21 has been linked by police to terrorism, with the alleged murderer now
facing a terrorism-related charge.
Saad Akhtar, 30, was already facing a first-degree murder charge over the
apparently random killing of the woman, attacked by a man with a hammer on
Friday evening.
But on Tuesday, prosecutors updated charge to “murder – terrorist activity.” The
charge applies to a murder “if the act or omission constituting the offence also
constitutes a terrorist activity.”
The RCMP and Toronto police said in a joint news release the attack “appears to
be an isolated incident and there is no further known threat to the public
associated to the accused at this time.”
The victim has been identified by police as Hang-Kam Annie Chiu. She was walking
on Toronto’s Sheppard Ave. East near Markham Rd. when she was attacked at around
7 p.m.
The accused’s mother told Global News she had no idea who the victim was,
calling Chiu “a stranger” to the family and her son.
Akhtar turned himself in to the Toronto Police Service’s 42 Division following
the attack.“As part of our investigation into the homicide, we came across
evidence that lead us to believe there may be a terrorism-related offence,” said
Toronto police spokesperson Meaghan Gray.
Police then contacted the RCMP-led Integrated National Security Enforcement Team
in Toronto, which probes terrorism cases.
“And that’s what’s brought us to today where the updated charge was laid in
court this morning,” said Gray.
Saad Akhtar has been charged with the terrorism-related murder of a 64-year-old
Toronto woman. Family Handout
University of Calgary law professor Michael Nesbitt said he believed this was
the first time the specific charge of murder – terrorist activity had been used.
He said there were two reasons to apply the charge.
“One, signalling, and calling it what it is, if authorities think it’s
terrorism. And two, it gets you from second degree murder to first-degree murder
without having to prove that the murder was ‘planned and deliberate’,” he said.
“That in turn gets you a longer sentence in terms of the parole ineligibility
going from 10 to 25 years, but still life in prison.
Akhtar’s mother said the family had left Pakistan in 2001 to escape terrorism.
She said her son had completed a co-op at the University Health Network at the
end of December.
He would punch the walls in her townhouse when he was angry.
Asked if she had been concerned about his behavior, she said: “Of course I am
worried but I can’t help because he don’t want to take help.”
He walked an hour every day to a mosque and back but did not return home on
Friday night as usual, she said, adding the attack did not occur on his regular
route home.
Police later told her he had been arrested.
It would be Canada’s first deadly terrorist attack since a self-described
follower of the misogynist Incel movement ploughed a rented van into pedestrians
on Toronto’s Yonge Street in April 2018, killing 10 people.
It was unclear whether Akhtar was attached to any terrorist group.
The so-called Islamic State has since 2014 been urging followers to conduct
attacks using readily-available weapons such as knives and vehicles.
The Canadian Security Intelligence Service’s latest annual report said
extremists inspired by ISIS and Al Qaeda were “the number one national security
threat to public safety in this country. Investigating these threats remains a
top priority for CSIS.”
Stewart.Bell@globalnews.ca
Pompeo Says Iran Must 'Tell the Truth' on
Coronavirus
Agence France Presse/Naharnet/February 25/2020
U.S. Secretary of State Mike Pompeo on Tuesday demanded that Iran "tell the
truth" about a coronavirus outbreak, voicing alarm at allegations of a cover-up.
"The United States is deeply concerned by information indicating the Iranian
regime may have suppressed vital details about the outbreak in that country,"
Pompeo told reporters in Washington. "All nations including Iran should tell the
truth about the coronavirus and cooperate with international aid organizations,"
he said. Iran has reported 15 deaths from the epidemic, more than in any country
other than China. Both countries are considered top adversaries by President
Donald Trump's administration. The Iranian government has pledged greater
transparency after a lawmaker alleged that the clerical regime was playing down
the outbreak and that the toll could be as high as 50. Pompeo said that both
China and Iran could have better contained coronavirus if they allowed free
expression and he saluted foreign journalists who have reported on the epidemic.
"If China permitted its own important journals and medical personnel to speak
and investigate freely, Chinese officials and other nations would have been far
better prepared to address the challenge," Pompeo said. Pompeo said that the
United States had quarantined all people known to have contracted the virus and
that Washington would take further "appropriate action" if needed.
Fear not Coronavirus, Iran ‘endures hardships to make enemy
regretful’: Rouhani
Yaghoub Fazeli/Tuesday, 25 February 2020
Iranians should not be afraid of coronavirus, President Hassan Rouhani said on
Tuesday, assuring citizens that Iran will overcome the virus, the semi-official
ISNA news agency reported. Iranian officials on Tuesday reported three more
deaths from the novel coronavirus, bringin the total number of fatalities to 15,
state media reported. “We will, God willing, get past this virus,” said Rouhani.
“Influenza B virus had 16,000 causalities in America, while it had just over 100
casualties in Iran,” he said. “Coronavirus spreads more quickly but it is not
tougher than influenza.”He called on Iranians to follow the health ministry’s
instructions and added that they should not be afraid of coronavirus. “This
[Persian] year, we had a lot of problems and sadness,” the president said. “From
the martyrdom of commander [Qassem] Soleimani, to the death of the people of
Kerman and the plane’s passengers, and natural disasters … our nation does not
surrender to sanctions and endures hardships to make the enemy regretful.”The
Iranian city of Qom's representative in parliament said on Monday coronavirus
has killed around 50 people in his city alone, according to the semi-official
ILNA news agency. The number of confirmed coronavirus cases in Iran has risen to
95, the health ministry’s spokesman Kianush Jahanpour said on Tuesday, the
official IRNA news agency reported. The death toll from the virus in Iran is
currently at 15, Jahanpour said. Eleven countries across the Middle East have
closed their air and land borders to Iran as the deadly coronavirus continues
its spread throughout the Islamic Republic.
Gulf States Cut Iran Links as Coronavirus Cases Rise
Agence France Presse/Naharnet/February 25/2020
Gulf countries announced new measures Tuesday to cut links with Iran to prevent
coronavirus spreading after the confirmation of 20 new cases, all of them people
returning from the Islamic republic. The United Arab Emirates suspended
passenger and cargo flights to Iran, while Bahrain closed schools and nurseries
for two weeks. This came after Gulf countries Kuwait and Bahrain announced
additional cases of COVID-19. Over the past two days, Kuwait, Bahrain and Oman
have reported 29 cases of the novel coronavirus among people returning from
pilgrimages to Iran, which is battling the deadliest outbreak outside China.
The three countries have large Shiite Muslim populations who frequently travel
to Iran to visit holy shrines. The UAE General Civil Aviation Authority
"suspended all passenger flights and cargo to and from Iran starting today and
for one week," a statement carried by the official WAM news agency said, adding
that the ban could be extended. Bahrain's health ministry said 15 more people --
including six Saudi women -- had tested positive for the virus after returning
to the kingdom from Iran via Dubai and Sharjah in the UAE. Shortly after, the
Bahraini authorities said citizens were banned from travelling to Iran "until
further notice" and suspended "all public and private schools as well as
nurseries for two weeks", according to the official Bahrain News Agency. The
first case of coronavirus in Bahrain was of a man who had transported children
to three schools after returning home from Iran on February 21 via Dubai
airport. In neighboring Kuwait, three new cases were recorded among Kuwaiti men
who had been under quarantine in the emirate after returning from Iran. And Oman
-- which on Monday reported its first cases of coronavirus, two Omani women who
had returned from Iran -- said it had detected an additional two cases. Muscat
was making arrangements to bring back its citizens from the Islamic republic,
the foreign ministry said, a day after it suspended all flights to and from
Iran. Oman also announced that it would suspend trade with Iranian goods from
Wednesday. The UAE has already announced 13 coronavirus cases, all foreigners,
including an Iranian couple who had traveled from Iran. Kuwait has cancelled
celebrations for national holidays on Tuesday and Wednesday and also scrapped
all sports events to counter the spread of the disease.
Mubarak, Egypt's autocrat ousted by protests, dies at 91
Associated Press SAMY MAGDY/February 25/2020
CAIRO (AP) — Hosni Mubarak, the Egyptian leader who was the autocratic face of
stability in the Middle East for nearly 30 years before being forced from power
in an Arab Spring uprising, died Tuesday, state-run TV announced. He was 91.
Mubarak was a stalwart U.S. ally, a bulwark against Islamic militancy and
guardian of Egypt's peace with Israel. But to the hundreds of thousands of young
Egyptians who rallied for 18 days of unprecedented street protests in Cairo's
Tahrir Square and elsewhere in 2011, Mubarak was a latter-day pharaoh and a
symbol of autocratic misrule.
His overthrow, however, plunged the country into years of chaos and uncertainty,
and set up a power struggle between the military and the Muslim Brotherhood
group that he had long outlawed. Some two and a half years after his ouster,
Abdel Fattah el-Sissi led the military overthrow of Egypt's first freely elected
president and rolled back freedoms gained in the 2011 uprising.
State TV said Mubarak died at a Cairo hospital where he had undergone an
unspecified surgery. The report said he had health complications but offered no
other details. One of his sons, Alaa, announced over the weekend that the former
president was in an intensive care after undergoing surgery.
El-Sissi offered condolences and praised Mubarak's service during the 1973 war
with Israel, when he commanded the air force, but made no mention of Mubarak's
almost three-decade rule as president of the most populous Arab state. He
announced three days of national mourning beginning Wednesday.
“The Presidency mourns with great sorrow the former President of the Republic,
Mr. Mohammed Hosni Mubarak," he said in a statement. It referred to Mubarak as
"one of the leaders and heroes of the glorious October war, as he assumed
command of the Air Force during the war that restored dignity and pride to the
Arab nation.”
Israeli Prime Minister Benjamin Netanyahu expressed “deep sorrow” over Mubarak’s
death. “President Mubarak, a personal friend of mine, was a leader who guided
his people to peace and security, to peace with Israel,” Netanyahu said.
Palestinian President Mahmoud Abbas said Mubarak “spent his life serving his
homeland and the issues of righteousness and justice in the world, with the
issue of our Palestinian people at the top of them.”
Born in May 1928, Mubarak was vice president on Oct. 14, 1981, when his mentor,
President Anwar Sadat, was assassinated by Islamic extremists while reviewing a
military parade. Seated next to Sadat, Mubarak escaped with a minor hand injury
as gunmen sprayed the reviewing stand with bullets. Eight days later, the brawny
former air force commander was sworn in as president, promising continuity and
order.
Over the next three decades, as the region was convulsed by one crisis after
another, Mubarak was seen as a steady hand and a reliable U.S. partner against
Islamic extremism. He sent troops as part of the U.S.-led coalition in the
1990-1991 Gulf war and contributed to efforts to resolve the Israeli-Palestinian
conflict.
Within Egypt he presided over slow but steady economic growth and largely kept
the country out of armed conflicts after decades of war with Israel. Unlike his
predecessors, both Sadat and Egypt's towering nationalist leader Gamal Abdel
Nasser, Mubarak pursued no grand ideology beyond stability and economic
development.
Over the years, Mubarak tinkered with reform but shunned major change,
presenting himself as Egypt's sole protection against Islamic militancy and
sectarian division. The U.S., particularly under President George W. Bush,
pressed for democratic reforms but was wary of alienating a key ally.
The failure to fulfill repeated promises of change steadily deepened public
despair. Those seeking a democratic future were dismayed to see Mubarak making
apparent moves to groom his businessman son, Gamal Mubarak, for a dynastic
succession.
“At multiple points during Mubarak's reign, he had the opportunity to reform the
Egyptian state,” H.A. Hellyer, a scholar at the Carnegie Endowment for
International Peace, tweeted. “He didn't.”
The Jan. 25 uprising “didn't come out of nowhere — it was the result of many
years of pent-up anger at how the state was failing the citizenry, save a tiny
slice at the top," he added.
Inspired by the first Arab Spring revolt in Tunisia, protesters took to the
streets in January 2011. They harnessed the power of social media to muster
tumultuous throngs, unleashing popular anger over the graft and brutality that
shadowed Mubarak's rule.
In the end, with millions massed in Tahrir Square and other city centers, and
even marching to the doorstep of Mubarak's palace, his resignation was announced
on Feb. 11, 2011. The generals took power, hoping to preserve what they could of
the system he had led.
Though Tunisia's president fell before him, the ouster of Mubarak was a
watershed moment in the history of the region, and gave impetus to uprisings in
Libya, Syria, Yemen and Bahrain.
Over the next two years Egypt held a referendum on an amended constitution, as
well as parliamentary and presidential elections. Turnout was high as
enthusiastic Egyptians got their first taste of democracy. But the Muslim
Brotherhood emerged victorious again and again, raising fears among their
opponents that the country would be transformed into an Islamic state.
The struggle came to a head in the summer of 2013, when the military removed
President Mohammed Morsi, a senior Brotherhood figure, from power amid mass
protests against his divisive rule. The military assumed power and launched a
massive crackdown on dissent. El-Sissi was elected president the following year.
Rights groups and activists say his rule has proved far more oppressive than
Mubarak's.
Mubarak was jailed shortly after his overthrow and later relocated to a military
hospital as he went on trial in an array of cases. The televised images of
Mubarak on a stretcher in a defendant's cage were in sharp contrast to the
portraits of the leader that had hung from billboards during his long rule.
For the man who was long untouchable — even a word of criticism against him in
the media was forbidden for much of his rule — prison was a shock. When he was
flown from the court to Torah Prison in Cairo in 2011, he cried in protest and
refused to get out of the helicopter.
In June 2012, Mubarak and his security chief were sentenced to life in prison
for failing to prevent the killing of some 900 protesters during the 18-day
uprising. Both appealed the verdict and a higher court later cleared them in
2014.
The following year, Mubarak and his two sons — wealthy businessman Alaa and
Mubarak’s one-time heir apparent Gamal — were sentenced to three years in prison
on corruption charges during a retrial. The sons were released in 2015 for time
served, while Mubarak walked free in 2017. Following his release, he was taken
to an apartment in Cairo’s Heliopolis district, where he lived until his death.
Mubarak is survived by his wife, Suzanne, his two sons and four grandchildren.
*Associated Press writer Joseph Krauss in Jerusalem contributed.
Netanyahu to Announce Retirement, Use Fears of Coronavirus to Reduce Arab Votes
Tel Aviv- Nazir Majli/Asharq Al-Awsat/Tuesday, 25 February, 2020
Israeli Prime Minister Benjamin Netanyahu plans to take several steps to achieve
a surge in his power during the electoral battle’s last few days, sources said.
One of these steps is to announce retiring from politics after the end of the
next government’s ruling period. His other plan is to benefit from the horror
spread due to Coronavirus to reduce the number of Arab voters on election day,
scheduled for next Monday. According to political sources, Netanyahu has been
circulating news among his party activists about attracting new groups of
voters.
He also called on his right-wing allies to support him on his path and have
“more patience, faith, and a commitment to work to achieve the right-wing’s
interests in the electoral battle.” Other sources indicated that the Premier is
also planning a surprise for Arab voters on the big day. In April 2019’s
elections, he released a video warning that “Arab voters are arriving in masses
to the polls on buses funded by European parties in order to bring down the
right-wing government.” In September 2019’s elections, he tried to install
cameras at the poll stations in Arab towns, fearing fraud. While in the upcoming
March 2 elections, sources say he is planning to broadcast horrific news that
Coronavirus is spreading in certain areas, mainly Arab, to intimidate Arab
voters and prevent them from reaching the ballot boxes. In other news, two
opinion polls have shown that Netanyahu’s Likud party will overtake Israeli
opposition Leader Benny Gantz’s party Kahol Lavan and regain the parliamentary
seats. According to Channel 12, Netanyahu's Likud is expected to win 34 seats
while Kahol Lavan is expected to win 33 seats. While a poll by Channel 12 from
last week predicted Gantz would win 35 seats and Netanyahu 33.
The third-largest party in both polls is the Arab-majority Joint List, predicted
to win 14 seats according to Kan and 13 seats according to Channel 12. The
fourth-largest party according to both polls is the Labor-Gesher-Meretz
alliance, projected to win 10 seats according to Channel 12 and nine seats
according to Kan. Ultra-orthodox parties maintain their seats, with Shas
predicted to win eight seats in both polls, and United Torah Judaism predicted
seven according to Kan and eight according to Channel 12. Both polls revealed
that the Likud is regaining its power, yet Netanyahu will not be able to for his
planned right-wing government, and the Blue and White party is losing its
popularity. They indicated that Gants will not be able to for his government
unless he agrees to form a government with Avigdor Lieberman and the Joint List
together. However, Lieberman, MP Ayman Odeh, chairman of the Joint List, and
other leaders have clearly disagreed to do so. Arabs say they would support
Gantz’s government provided that Lieberman is part of it, and Lieberman stated
that he is not ready to engage in a government based on Arab voices.
US Mapping Team For West Bank Annexation Arrivs In Tel Aviv
Tel Aviv, Ramallah - Asharq Al-Awsat/Tuesday, 25 February, 2020
The US members of a committee formed to map out areas of the West Bank that
Israel plans to annex as part of US President Donald Trump administration’s
peace plan has arrived in Tel Aviv on Monday. Meanwhile, Prime Minister Benjamin
Netanyahu and Defense Minister Naftali Bennett were seen racing to press ahead
with the project. Netanyahu had announced that 3,000 homes would be built for
Jewish residents in Jerusalem while Bennett spoke about the establishment of
around 2,000 residential units in the Bank settlements. The Israeli PM had also
ordered that 12 unauthorized settlement outposts in the occupied West Bank be
connected to the state’s power grid while the Defense Minister spoke of a
settlement development plan at the Ibrahimi Mosque in Hebron. Under Trump’s
peace deal, all West Bank settlements are to become part of sovereign Israel.
However, the status of Jewish Hebron and the Tomb remains unclear. Accordingly,
a joint US-Israeli committee should complete a detailed map of the territory
that could be annexed before Israel applies sovereignty to West Bank
settlements. The US mapping committee includes US Ambassador to Israel David
Friedman, his adviser Aryeh Lightstone, and C. Scott Leith, senior adviser for
the Israeli-Palestinian conflict of the National Security Council. The committee
already held preparatory talks over the issue in Washington before it arrived in
Tel Aviv.
The US team should immediately begin talks with the Israeli mapping team, which
includes Tourism and Immigration Minister Yariv Levin and Acting Director of the
Prime Minister’s Office Ronen Peretz. On Monday, Netanyahu toured the occupied
East Jerusalem along with Levin and Peretz. From the West Bank settlement of
Ariel, where a meeting with the US mapping team was held, Netanyahu said: “The
mapping is underway to prepare the way for extending sovereignty on these
territories.” Meanwhile, Palestinian presidential spokesman, Nabil Abu Rudeineh
said the US-Israeli maps that Netanyahu said will be drawn soon according to the
so-called "deal of the century" would not give legitimacy to anyone and that all
settlements are going to demise. "These maps that violate United Nations
resolutions cannot be transformed into a fait accompli, and the only map that
can be recognized and dealt with is the map of the state of Palestine on the
1967 borders with East Jerusalem as its capital," he stressed. The Palestinian
spokesman called on the international community to take immediate action to stop
this dangerous Israeli-US escalation, which will lead to the elimination of any
opportunity for a just and comprehensive peace based on United Nations
resolutions. On Sunday, European foreign policy chief Josep Borrell criticized
Israel’s announced plans to build a new neighborhood in East Jerusalem and
expand another, warning such action “would be deeply detrimental to a
two-state-solution.”
Russia’s FM Lavrov rejects Idlib ceasefire as ‘capitulating
before terrorists’
AFP, Geneva/Tuesday, 25 February 2020
Russian Foreign Minister Sergei Lavrov on Tuesday rejected calls for a halt to a
Russia-backed Syrian offensive in Idlib in northwest Syria. “This is
capitulating before terrorists and even a reward for their activities in
violation of international treaties and numerous UN Security Council
resolutions,” Lavrov told the UN Human Rights Council in Geneva. Lavrov accused
some governments of “a desire to justify outrageous acts committed by radical
and terrorist groupings. “Otherwise, it would be difficult to explain
admonishments about the possibility of concluding peace agreements with
bandits,” he said, referring to the situation in Idlib. A months-long offensive
by Russia-backed Syrian troops against factions backed by Turkey in Idlib has
seen hundreds of thousands of people flee the violence. Turkish President Recep
Tayyip Erdogan has said he is planning to hold a summit on March 5 with the
leaders of Russia, France and Germany over the escalating conflict. But on
Tuesday he said he might instead hold face-to-face talks with Russian President
Vladimir Putin on that date, either in Istanbul or in Ankara. The Geneva-based
International Committee of the Red Cross also on Tuesday said in a statement it
was “deeply alarmed” by the situation for civilians fleeing the fighting. “This
is the worst wave of displacement we’ve seen during the Syrian conflict. Amid
the harsh winter conditions in Idlib, we see people trapped, isolated and
running out of ways to cope. It’s completely unacceptable,” said Fabrizio
Carboni, the ICRC’s director for the Near and Middle East. Carboni called for
all sides in the current fighting to “immediately” allow civilians to flee to a
safe area.
Turkish-backed Syrian Fighters Capture Idlib Town from
Regime
Asharq Al-Awsat/Tuesday, 25 February, 2020
Syrian opposition factions backed by the Turkish military have seized the town
of Nairab in northwest Syria's Idlib, Turkish and opposition officials said on
Tuesday, the first area to be taken back from Syrian regime forces advancing in
the province. Regime forces, supported by Russian air power, are trying to
retake the last large opposition-held region in Syria after nine years of war.
Nearly a million Syrians have been displaced by the latest fighting. Turkey has
responded by sending thousands of troops and equipment into the region to
support the opposition factions in resisting the offensive.
"With the help of our Turkish friends, we have regained control of the strategic
town of Nairab, the gateway of Saraqeb, after expelling the terrorist Russian
militias," Yusef Hamoud, spokesman for the Turkey-backed National Army, told
Reuters.
A Turkish security official said that the Turkish military had supported the
opposition offensive with shelling and that bomb disposal teams and the rebels
were now clearing the town. Their next goal was to capture the strategic town of
Saraqeb, where Syria's main north-south highway linking Damascus and Aleppo
meets the road west to the Mediterranean. "This will happen soon. The regime
suffered heavy losses in the clashes last night. Also, a serious amount of
weapons and ammunition was seized," the Turkish official told Reuters. He said
there had been no clash between Turkish and Russian forces in Monday's advance
on Nairab and that no Turkish soldiers had lost their lives in the clashes.
Separately, Turkish shelling Monday killed nine regime fighters in northwest
Syria, a monitor said. Turkish shelling killed four regime fighters near Nairab
and another five near the town of Saraqeb to its east, the Britain-based Syrian
Observatory for Human Rights said. Two weeks ago, the Turkish Defense Ministry
said Syrian regime forces briefly abandoned Nairab as the Turkey-backed fighters
advanced on the town. However, the fighters were subsequently pushed back from
the area.
Since Turkey poured its forces into northwest Syria to halt the Syrian regime
forces' campaign, 17 members of the Turkish forces have been killed. The
fighting has strained ties between Turkey and Russia, which although backing
opposing sides in Syria's conflict had worked to contain the violence until the
latest flare-up. Turkish President Recep Tayyip Erdogan said there was not yet
full agreement on holding a proposed March 5 summit with Russia, France and
Germany on the Idlib conflict, but he may meet Russia's Vladimir Putin on that
date. At a news conference in Ankara before leaving on a trip to Azerbaijan,
Erdogan said that a Russian delegation was set to come to Turkey on Wednesday to
discuss the situation. "There is no full agreement yet between (French President
Emmanuel) Macron...(German Chancellor Angela) Merkel, and Putin," he said.
Macron and Merkel have both urged Putin to end the conflict, concerned about the
humanitarian situation. On Saturday, Erdogan said that Turkey had set out a
"roadmap" for Syria after calls with the three leaders, while the Kremlin has
said it was discussing the possibility of holding a four-way summit.
Turkey already hosts 3.7 million Syrian refugees and says it cannot handle
another wave. It has closed its borders. Regime forces are advancing closer to
the camps for displaced persons near the Turkish border, where the migrants fear
being caught up in the fighting. The Syrian Observatory, a war monitor, said on
Monday that pro-Damascus forces had seized control of 10 more towns in southern
areas of Idlib province in less than 24 hours.
Algerian Judiciary Urged to Summon Bouteflika on Corruption Charges
Algiers - Boualem Goumrassa/Asharq Al-Awsat/Tuesday, 25 February, 2020
An Algerian court has ordered Mokhtar Reguieg, Chief of Protocol of the
Presidency, to be held under temporary detention, as part of an investigation
into corruption cases. Reguieg is facing charges related to the abuse of power
and smuggling subsidized commodities, in addition to violating the legislation
and regulation on exchange and the movement of capital in return for unjustified
privileges. A judicial source, who preferred to remain anonymous, told Asharq
Al-Awsat that he is accused of exploiting his power as a high-ranking official
at the presidency, where he served for eight years, to allow prominent
businessmen to get government banking loans and facilitation in importing. he
same source affirmed that several executive directors in ministries and
government bodies and officials in financial authorities will be summoned to
court soon to be interrogated regarding their role in the squandering of huge
funds during former President Abdelaziz Bouteflika’s time in office from 1999 to
2019. The Court of Sidi M’hamed in Algiers sentenced late last year former prime
ministers Ahmed Ouyahia and Abdelmalek Sellal to 15 and 12 years in prison,
respectively. Other ministers and businessmen were sentenced for accepting
bribes and exploiting their posts to provide unearned privileges. They were
close to former Bouteflika and his brother Said, who in turn received a sentence
of 15 years in prison on charges of conspiracy against the state and army.
Activists and attorneys demanded that Abdelaziz Bouteflika be summoned for
questioning because the imprisoned officials were following his orders and
policies. Human rights activist Hassan Bouras is leading a campaign demanding
that he brought to trial.
Kurds Set 3 Conditions to Support New Iraq Government
Erbil - Asharq Al-Awsat/Tuesday, 25 February, 2020
Top Kurdistan officials met Monday to determine whether the region will
participate in the government of Iraqi Prime Minister-designate Mohammed Tawfiq
Allawi. The meeting was headed by Kurdistan Region President Nechirvan Barzani
and various Kurdistan Regional Government (KRG) officials, including Prime
Minister Masrour Barzani, Speaker Rewaz Fayaq and leaders of several political
parties. Member of Kurdistan’s negotiation team, Mohammed Saadeddine, had said
the Kurds have a set of conditions for participating in the Allawi government,
stating that despite receiving verbal approval on them, the Kurdish parties are
demanding guarantees. The conditions are ensuring the constitutional rights of
the people of Kurdistan, providing financial dues and normalizing security
conditions in the disputed areas listed in Article 140 of the constitution,
Rudaw media network quoted Saadeddine as saying.
He expected the meeting of between the Kurdish president with the political
parties to result in a decision to participate in the government if there are
guarantees to meet these conditions. The parties agreed with Allawi on Kurdish
representation in cabinet. It will include four Kurdish ministers, three of whom
will be chosen by the Kurds themselves and one appointed by the PM. Adel Karim
has been nominated to the Ministry of Trade, Shwan Ibrahim Taha to the Ministry
of Justice and Rizgar Mohammad Amin to the Ministry of Justice. No final
agreement has been reached on the candidates yet.
Deputy Speaker of the Iraqi parliament Bashir al-Haddad said the talks are
ongoing, adding that Allawi showed some flexibility in his positions, which was
seen as a positive sign.
The Latest LCCC English analysis & editorials from miscellaneous
sources published on February 25-26/2020
Iran’s Supreme Leader Faces Some Supreme
Problems
Bobby Ghosh/Bloomberg/February 25/2020
Low turnout in the parliamentary elections are the latest sign of public anger
and mistrust over the Islamic Republic’s failures.
Not quite two months in, 2020 is already proving to be Ali Khamenei’s annus
horribilis. In word, deed and vote, Iranians are demonstrating a profound loss
of faith in the Islamic Republic, and a deep contempt for its Supreme Leader.
Trust in Iran is also dwindling in its neighborhood, and in the international
community. If he were capable of self-reflection, Khamenei would recognize that
he bears most of the blame. Instead, the ageing theocrat continues to rail
against the U.S., and more generally the West, for all that ails Iran.
This bodes ill for Iranians: A regime in denial is unlikely to respond
constructively to the overlapping crises that have so far characterized the
year. And since denial is usually accompanied by deflection and disruption, it
could also be bad news for the wider Middle East, long the stage for Iranian
mischief.
But, as Khamenei learned this past weekend, distracting his people is becoming
harder. The parliamentary election he fixed for his favored hard-liners turned
into a vote of no-confidence in him: The hard-liners won, but it was the
smallest turnout in the country’s modern history, despite calls from Khamenei
and the Islamic Revolutionary Guard Corps for a massive mandate.
Per usual, the Supreme Leader tried to pass this off as the result of “negative
propaganda” about the spread of the coronavirus. In turn, leaders in the holy
city of Qom, where the virus has hit hardest, conjured up an American plot to
undermine the religious institutions.
Ironically, an honest appraisal of the threat might have worked to Khamenei’s
advantage. He could have used it to postpone the elections and avoided, at least
for a while, the loss of face — and of legitimacy — that the low turnout
represents.
The crisis brought on by the virus — Iran already accounts for the most
fatalities outside China — is a microcosm of the regime failures that have left
Iranians with little faith in their leaders. The authorities have gone from
underplaying the threat to grudging acknowledgment and blame-shifting. (In Qom,
the director of the medical university who had said there was nothing to worry
about was found to have tested positive for the virus.) By then, the death toll
was swiftly climbing toward the three-figure mark.
Iranians could hardly have missed the parallels with the response to the downing
of a Ukrainian airliner shortly after takeoff from Tehran in January: After
denying responsibility, the government belatedly admitted that the plane was
struck by Iranian missiles — and then blamed the U.S. for creating the
atmosphere of heightened tension that led to the error. If Iranians are outraged
by the regime’s handling of the virus crisis, the country’s neighbors are taking
no chances. Most Middle Eastern states have closed their borders with Iran and
halted flights.
Almost lost in the panic was Friday’s news of a different kind of isolation: the
decision by the Financial Action Taskforce to keep Iran on its blacklist for the
regime’s failure to comply with rules preventing the financing of terrorism. The
FATF also called on member states to impose fresh sanctions on the Islamic
Republic. The FATF designation is a blow to Iran’s hopes, already reduced by
American sanctions, for a resumption of trade with Europe. Tehran responded in
the only way it knows how, by fingering the U.S. and a Western conspiracy. But
ordinary Iranians know who to blame: Although parliament passed legislation to
bring the country into compliance, it was overruled by a clerical body led by
Khamenei.
The regime is already shrugging off the FATF designation as inconsequential. It
can count on ordinary Iranians not paying much attention, but only because the
virus scare has given them more immediate anxieties. Social media platforms buzz
with rumors of a run on face masks and hand-sanitizer. To contain contagion,
doctors and health officials are calling for a weeks-long holiday for schools
and universities, and restrictions on public assemblies, including all religious
gatherings.
But the virus crisis, by shutting businesses and keeping shoppers at home, will
have a much more immediate impact than the FATF designation on an economy
already hobbled by sanctions, feeding the widespread anger at the regime that
has sporadically bubbled over into the streets.
For Khamenei, the only silver lining here is that Iranians too frightened to
leave home for fear of the virus are unlikely, at least for now, to resume the
anti-regime street protests.
But pretty soon, he will need to find a new way to distract his subjects. He
can’t rely on the Trump administration to provide one, as it did with the
killing of Qassem Soleimani at the start of the year. The regime had counted on
the death of its most famous military commander to rally Iranians behind the
flag and leadership — but the outpouring of grief at his funeral was swiftly
replaced by rage after the downing of the Ukrainian Airlines flight.
Soleimani ran Iran’s complex network of proxy militias across the Arab world,
and his death has limited Khamenei’s ability to stage distractions far from
home. This was demonstrated over the weekend, when the Iran-backed Houthi rebels
in Yemen launched attacks on Saudi Arabia, as finance ministers and central
bankers of the G-20 nations gathered in Riyadh. Missiles fired from Houthi-held
territory were intercepted, and an explosives-laden boat heading for the
shipping channel of the Red Sea was destroyed.
Other Iranian proxies, like Hezbollah in Lebanon and Shiite militias in Iraq,
are preoccupied with local political struggles and popular movements against
Tehran’s influence.
And the Supreme Leader’s terrible, horrible, no good, very bad year has only
just begun.
This column does not necessarily reflect the opinion of Bloomberg LP and its
owners.
Treasury Targets Maduro’s Oil Lifeline
John Hardie/FDD/February 25/2020
The U.S. Treasury Department last week sanctioned a subsidiary of Russian energy
giant Rosneft for its leading role in illicit exports of Venezuelan oil. With
this much-anticipated step, the Trump administration aims to sever a key
financial lifeline for Venezuelan dictator Nicolás Maduro, who has proven
surprisingly durable despite nearly 60 countries’ recognition of Juan Guaido as
Venezuela’s rightful leader.
Treasury designated Rosneft’s Swiss-incorporated oil brokerage firm Rosneft
Trading S.A. (RTSA) along with RTSA’s chairman and president, Didier Casimiro,
for violating U.S. sanctions on Venezuela’s oil sector. Treasury blocked their
U.S. assets and added them to its Specially Designated Nationals and Blocked
Persons list pursuant to Executive Order 13850, which empowers Treasury to
sanction those operating in key sectors of the Venezuelan economy, those
complicit in the deceptive or corrupt practices of the Maduro regime, or those
transacting with a person already blocked for doing so.
While the United States and European Union previously designated both Rosneft
and RTSA under separate, Ukraine-related authorities, those sanctions are
relatively narrow in scope; their aim is to restrict the Russian firms’ access
to Western capital markets and energy-related technologies, not to block them
entirely. Tuesday’s action, on the other hand, strictly prohibits RTSA from
accessing the U.S. financial system and threatens potential sanctions for
foreign persons doing business with RTSA.
Treasury was careful to make clear, however, that the RTSA designation does not
apply to Rosneft as a whole. The administration likely showed restraint toward
Rosneft both because it is a state-controlled firm and because its production of
5.8 million barrels of oil per day helps to stabilize global prices.
As Secretary of State Mike Pompeo said on Tuesday, Rosneft Trading SA is “the
primary broker of global deals for the sale and transport of Venezuela’s crude
oil” on behalf of Venezuelan state-owned oil company Petróleos de Venezuela S.A.
(PdVSA), which Treasury sanctioned in January 2019. Oil exports account for at
least a quarter of Venezuela’s budget and virtually all of its export revenue,
making Rosneft crucial for the Maduro regime’s access to hard currency.
Via RTSA, Rosneft initially focused mainly on reselling Venezuelan oil to
foreign trading firms. Yet in July 2019, RTSA also began handling the bulk of
PdVSA’s marketing and distribution needs as U.S. sanctions led foreign trading
houses and importers to eschew Venezuelan crude. By August, Rosneft was moving
an estimated 70 percent of Venezuelan oil exports, helping them rebound from a
low of 637,000 barrels per day (bpd) in September to roughly 1 million bpd by
December, with shipments going mainly to India and China.
Beyond oil, Russia has provided Maduro with significant military, security,
diplomatic, informational, humanitarian, and financial support. Along with
assistance from Cuba, these efforts have helped Maduro maintain control of
Venezuela’s armed forces and security services despite U.S.-led efforts to
encourage defections. In addition to propping up an ally, Russia aims to recoup
the tens of billions of dollars in investments and loans its companies have
poured into Venezuela. Moscow also seeks to expand its control over Venezuela’s
massive oil reserves while turning a healthy profit from reselling discounted
Venezuelan oil. Going forward, Treasury should continue to target the shipping
companies, financial institutions, and illicit networks that support the Maduro
regime, and should prevent Rosneft and PdVSA from circumventing U.S. sanctions
by finding a replacement for RTSA, such as TNK Trading International, another
Rosneft subsidiary. Finally, Washington should push Venezuela’s oil customers to
reduce their purchases, perhaps by offering temporary sanctions waivers in
exchange for significant reductions, an approach the White House previously
employed to limit Iranian exports.
*John Hardie is research manager and Russia research associate at the Foundation
for Defense of Democracies (FDD), where he also contributes to FDD’s Center on
Economic and Financial Power (CEFP). For more analysis from John and FDD, please
subscribe HERE. Follow FDD on Twitter @FDD and @FDD_CEFP. FDD is a Washington,
DC-based, nonpartisan research institute focusing on national security and
foreign policy.
Climate Change Is Coming to Your Hometown Bonds
Brian Chappatta/Bloomberg/February 25/2020
In some corners of finance, climate-change risks are only starting to appear on
investors’ radars. By contrast, in the $3.8 trillion US municipal-bond market,
natural disasters have been a nagging concern for decades.
In the wake of Hurricane Katrina in 2005, Moody’s Investors Service slashed New
Orleans’s credit rating by three levels to junk. It didn’t win back its
investment grade until May 2007. Joplin, Missouri, suffered the deadliest US
tornado in almost six decades in May 2011. Two years later, almost half of its
7,500 students were still in temporary classrooms, but construction progressed
on new schools thanks in part to voters approving the largest bond sale in city
history. In August 2014, the strongest earthquake in 25 years hit Napa County,
California, and traders exchanged a record amount of its debt in the following
days amid concern that it could halt payments because of the damage. The list
goes on.
Yet for all the examples, pinning down the risk has always been elusive for the
muni market, which is known for its dispersion. The US has more than 90,000
“local government units,” according to the most recent Census data, and although
not all of them issue bonds, those that do tend to borrow across a range of
maturities and with varying revenue streams. While many deal documents now
include some language about climate change, and investment banks and legal
counsels are more thoroughly conducting due diligence around the issue,
ultimately there’s little evidence that the risks are baked into bond prices.
Enter Boston-based startup risQ Inc. Pronounced like “risk,” the company has
made moves recently that make it a contender as the go-to source for
municipal-bond buyers as they assess the likelihood that climate change and
natural disasters will disrupt any potential local government, school district,
hospital or utility system.
At the core of risQ is a blend of climate science, catastrophe modeling and
geospatial machine-learning technology. It categorizes climate risk based on the
probabilities of a given type of hazard — wildfire, flood and hurricane — and
also “climate conditioning,” which takes into account changes to variables that
would increase the odds of a natural disaster. It breaks down the US into a grid
of 100-meter-square cells and spells out two specific variables: Risk to
property value and impairment of gross domestic product. And the grid is
flexible enough for risQ to compile climate risks across boundaries large and
small.
Now, risQ isn’t the only provider of geospacial data. As Bloomberg News’s Amanda
Albright and Mallika Mitra reported earlier this month, more investment firms
say they’re starting to focus on information from sources like Google Earth as a
way to assess climate risks. S&P Global Ratings analyzed US water utilities with
data from National Aeronautics and Space Administration satellite missions.
“Largely, finance lives in columns and rows in Excel spreadsheets — climate
change is not a row and column exercise,” said Chris Goolgasian, director of
climate research at Wellington Management.
Chris Harsthorn, chief commercial officer at risQ, isn’t so sure about that.
The company last month announced a partnership with Intercontinental Exchange,
in which risQ will provide its climate data and ICE will connect it to specific
bonds so investors can analyze and compare distinct securities or even full
portfolios. In other words: Working in Excel spreadsheets.
“We’re linking to CUSIPs, which was almost a binary for a lot of the additional
folks we’ve been talking to,” Harsthorn said in a phone interview, referring to
the nine-character identifier assigned to a given bond. “These are real numbers
that can immediately be interpolated into the same sorts of metrics that the
analysts are already using.”
The climate product went live Feb. 3. It went through beta testing in the final
three months of 2019 with about 10 different entities and 140 users, Harsthorn
said.
All the while, risQ had an advocate within the market in Tom Doe, president and
founder of Municipal Market Analytics. MMA for a time was itself something of a
startup in the state and local government debt market. Now it’s arguably the
most well-known independent research firm in the space. Doe said in an interview
that he was captivated by the book “The Uninhabitable Earth” and concluded that
“climate will be a disruptive element in the municipal market.” He closely
watched how Hurricane Florence flooded North Carolina in 2018. “Wouldn’t it be
disruptive if you had a wide swath of IG credits become junk because of some
circumstance? Could climate be that?” The answer, he decided, was yes.
Doe was among those who told risQ leadership that its climate data probably
needed to be attached to specific bonds for investment managers — and, in fact,
himself — to buy in. Harsthorn and others were on board with that direction, and
Doe helped make introductions to the right people at ICE.
With the product launched, the obvious question is at what point any of it will
matter for bond prices. As I wrote earlier this month, munis are in the middle
of a relentless rally, with benchmark 10-year tax-exempt yields close to record
lows and cash streaming into mutual funds week after week. Money managers as a
whole don’t have the luxury of being choosy with their bonds, even if it’s a
coastal Florida city vulnerable to hurricanes or a locality in California
susceptible to wildfires. Likely, any penalty for those risks will just be
viewed as a better buying opportunity.
As with many things involving climate, that view might be too short term. Doe
sees risQ as a way to put information into the market, if not for the bond
buyers of today then for those two years, five years or 10 years from now.
“While people may disregard it at this point, there will be a clear track record
that this data was there,” Doe said. “We can utilize the data and be voices for
it in order to create awareness, even though the end investor may not yet be
engaged.”
There’s no guarantee that risQ will become the muni market’s defining
climate-risk tool. In July, Moody’s Corp. acquired a majority stake in Four
Twenty Seven Inc., which also provides climate data and analysis. The
announcement uses similar buzzwords and phrases, like “quantifying
climate-related exposures and producing actionable risk metrics.”
Those who expect climate risks to intensify in the coming years should welcome
the competition. As for risQ, it seems to have committed partners, and, perhaps
most crucially, is willing to listen to what investors and analysts truly want.
A little flattery doesn’t hurt, either.
“Each individual user will have their own strategies and their own opinions and
their own scenarios — we don’t want to take the ball out of hands of the smart
people on the user side,” Harsthorn said. “We want to give them the tools to
allow them to make their own decisions and factor in climate in a way they think
is sensible.”
Something is rotten in the Islamic Republic: Iran’s
sinister coronavirus cover-up
Mohammed Alyahya/Al Arabiya/February 25/2020
Something is rotten in the state of Persia: the Islamic Republic of Iran is
engaging in a large-scale cover-up of the coronavirus epidemic that could wreak
misery on the lives of millions.
If we take the government’s claims at face value, the coronavirus outbreak in
Iran went from zero cases to 95 infections and 15 dead, the highest death toll
outside China, in about a week.
If true, these figures give a mortality rate of about 15 percent -- an
extraordinary number compared to the Chinese and global average of 2 percent.
Even worse, if 15 people have really died, this would suggest at least 750 and
maybe as many as 1,500 people are infected in the country, according to a
Harvard professor of epidemiology speaking to Al Arabiya English. The government
doesn’t seem to know or care where these people are or what they are doing.
Adding to doubts over the official numbers, the MP for the Iranian city of Qom
said 50 people had died from the disease in his city alone, versus the official
toll of 15.
Remarkably, only today, two senior government officials have announced that they
tested positive for the virus. The first was Iran’s deputy minister of health,
Iraj Harirchi, and the second is prominent member of parliament, Mahmoud Sadeghi.
The glaring discrepancies are the result of incompetence or deception. My guess,
based on years of watching this sclerotic regime, is that it is probably both.
It seems Mike Pompeo, the US secretary of state who today accused Iran of
suppressing vital details about the outbreak, agrees with me.
Two days ago, Iran’s Supreme Leader Ali Khamenei accused the foreign media of
using the coronavirus issue to stop people from going to vote in parliamentary
elections. On his official website, he wrote: “Under the pretext of an illness
and a virus, their media did not miss the slightest opportunity to discourage
people from voting.”
In other words, the wellbeing of Iran’s ruling order is more important than
Iranian lives, Arab lives or indeed the risk of a global pandemic.
What is happening inside Iran matters because the outbreak is not limited to one
country. It is a global problem and people are still travelling in and out of
affected areas inside Iran.
Today, 27 people in six Arab countries have already been infected with
coronavirus after visiting Iran. The Iraqi Health Ministry confirmed another
case today of an Iranian student in Iraq. Three infected in Kuwait had recently
returned from Iran. Some affected countries, like Kuwait, have the money and
organization to cope. But what of Afghanistan, right next door? An outbreak
could be devastating in such a country.
The Iranian regime has never had a good track record of honesty, but in the past
few weeks, the paranoia and delusion of its rulers has worsened.
First came the government's reaction to mass anti-government demonstrations in
November – a violent crackdown that killed at least 1,500 people.
A real shock soon followed, with the spectacular assassination of its top agent
provocateur. The commander of the Quds Force, the overseas arm of the Islamic
Revolutionary Guard Corps (IRGC), stomped around countries of the Arab world,
arrogant in his belief that he could wage war without facing the consequences.
That impunity ended early one morning in Baghdad.
The death of Qassem Soleimani shook the regime and it began to display
increasingly erratic behavior. So badly organized was his burial that fifty
people were killed in a stampede. Immediately afterwards, when the armed forces
shot down a Ukrainian passenger plane just after take-off from Tehran’s airport,
killing all 176 people on board, the regime went into lockdown. For days, the
Iranian authorities denied what video footage clearly showed, compounding the
suffering of its own citizens while they mourned.
This not a government that can be trusted to tell the truth, even when lives are
at stake. If the regime would do that over an accident, is there any doubt it
would seek to cover up the extent of the coronavirus outbreak, which has surely
been worsened by its own incompetence? This is a regime that cynically suggested
the coronavirus outbreak was a reason for the historically low turnout in last
week's election, rather than understandable voter apathy and exhaustion with its
incompetent rule.
In fact, the regime appears to be in denial. Has it learned nothing from its
disastrous handling of the Ukrainian plane tragedy? Then, the mass protests seen
were expressions of anger in how badly the government behaved, lying and then
seeking to hide the truth. The same could easily happen if it turns out the full
extent of the coronavirus outbreak is being suppressed.
The epidemic is causing episodes of panic in airports as passengers traveling
from Iran are escorted to quarantine, and mass disruption around the world and
inside Iran. But out of step with the world, out of touch with reality and
disconnected from the concerns even of their own people, the geriatric ruling
order refuses to respond in a competent or humane manner.
Once again, the Iranian regime has chosen not to play its part in the
international community, to show it can play by the rules of the rest of the
world. Once again it appears Iran's rulers want to go their own way at the
expense of Iranian and Arab lives, no matter how many.
Pariah states seek to unseat the mighty dollar with crypto
Sultan Althari/Al Arabiya/February 25/2020
The fundamental nature of money is changing: only a few years ago, the nexus
between geopolitical risk and cryptocurrency was virtually non-existent. Today,
their intersection is central to long-term global economic order. Before delving
into how that relationship is playing out, some basics: A cryptocurrency – like
bitcoin – is a type of digital currency based on a network of independent
computer nodes that confirm transactions through decentralized consensus. Put
simply, Blockchain is the underlying technology of bitcoin. Oil and uranium have
long been considered geopolitical tools of influence – similarly, national
cryptocurrencies and blockchain will be employed to create and sustain influence
in the global financial system. That reality has shaped an ongoing arms race to
the next global reserve currency. It’s one thing having profit-driven tech
giants like Google, Amazon, IBM and Microsoft invest in blockchain for
innovation; but it’s an entirely different matter when states go into blockchain
technologies with various – often conflicting – national priorities. This begs
the following question: So what? What would the rise of an encrypted digital
currency mean for world order? Why is there a fierce competition for digital
currency supremacy? These are the questions animate my take, and more
importantly, the future of geopolitical great-power competition.
The rise of an encrypted digital currency has significant security implications,
particularly as they pertain to the US. The global financial system is one that
is dollar-led – the US dollar (USD) is the world’s reserve currency, granting
the US unique supremacy and influence over the global financial system. This
leverage means that the US can a) effectively employ economic sanctions to
maintain geopolitical stability by cutting off adversaries’ access to dollars
and, b) global trade must run through US banks. The US’s ability to leverage
economic sanctions as a policy tool is central to geopolitical stability and a
rules-based global order. It is therefore no surprise that nation-states
impacted by – or at risk of – US sanctions aim to upend Washington’s financial
prowess, granting their economies sanction-immunity. How exactly are states
attempting to achieve that goal? By developing decentralized payment systems
through blockchain technology and cryptocurrencies. A new report from the
Foundation for Defense of Democracies (FDD) exposes such efforts by a
“crypto-rogue” quartet: Russia, Iran, Venezuela, and China.
Of the four crypto-rogues, China leads the race. Analysts argue that displacing
a dollar-led global financial system with a blockchain-based system is nothing
less of national priority to policymakers in Beijing. The Digital Currency
Research Lab of the People's Bank of China (PBoC) is devoting substantial
resources and expertise to digital currency development. However, in the
short-to-medium term, China is constrained by its status as the largest holder
of US treasury bonds – therefore, strategic caution is imperative.
Crippled by sanctions and public discontent, Iran has been looking for a
lifeline. Rather than acting like a rational law-abiding nation where citizens
are granted basic services, the Iranian regime has looked into the use of
cryptocurrency to evade US sanctions. These efforts include blockchain pilot
projects and university-level blockchain tech education. Tehran’s efforts are
unlikely to change the dismal reality on the ground where Iranian public
discontent has arguably reached a tipping point.
A 2019 United Nations report relays conditions in Venezuela today: stagflation
ensues as 94 percent of citizens live in poverty, while chronic hyperinflation
persists leading to violence and starvation. Maduro’s administration seems to
follow Iranian logic, prioritizing the development of a state-sponsored
cryptocurrency – the petro-coin – over internal stability and meaningful
accountability. Like Iranian attempts to evade sanctions, Maduro failed
miserably.
The Russian impetus to develop blockchain technology is driven by the need to
“avoid various limitations in global finance trade,” according to President
Vladimir Putin. Moscow has ventured into an effort to develop a regional
cryptocurrency with members of the Eurasian Economic Union (EAEU), while running
various blockchain pilots.
The competition for digital currency supremacy is likely to persist, generating
a host of policy challenges that demand greater attention by US policymakers. In
the short-to-medium term, it is unlikely that a blockchain-based value transfer
system will displace the dollar-led global financial infrastructure. However,
the successful deployment of an alternative financial system by any of the
foregoing nations would have a dramatic impact on global security and
geopolitical stability. As such, it is imperative that US economic policy is
nimble in detecting and responding to paradigm-shifting scenarios. One way the
US can strengthen in-house blockchain expertise is through deeper and more
meaningful private-public partnerships. These partnerships must actively engage
the offices of Google, Twitter, and Facebook to develop proactive mechanisms to
improve financial resilience and propel innovation in the blockchain domain.
*Sultan Althari is a Masters Candidate in Middle Eastern Studies at Harvard
University’s Center for Middle Eastern Studies and Student-Affiliate at the
Kennedy School's Middle East Initiative.
The problem with Trump's Middle East peace plan
David Makovsky & Dennis Ross/The Hill/February 25/2020
The Trump administration cannot decide if its peace plan is an opening gambit to
trigger a compromise or a fait accompli that precludes one. Secretary of State
Mike Pompeo in answering a question about Palestinian responses to the Plan
said, “I hope they will then present a counteroffer if what’s presented isn’t
acceptable.” Fair enough, except that David Friedman, the U.S. ambassador to
Israel, declared that Israel can unilaterally annex territories allotted in the
plan once a bilateral U.S.-Israeli panel finishes its work on defining,
precisely, Israel’s boundaries.
But if Israeli annexation is front-loaded and proceeds in the coming months, any
Palestinian counter-offer would be pre-empted.
Perhaps this is simply the administration’s style in which it seeks to maximize
the pressure on the Palestinians by indicating that their possibilities will
shrink unless they make a counter-offer; however, if that is the case, what is
the meaning of the borders the bilateral U.S.-Israeli committee is finalizing if
the Palestinians can propose an alternative map?
Both approaches cannot be true.
Moreover, to have any chance the plan must be taken seriously by someone other
than the Israelis. Currently, the administration is taking comfort from the
Palestinian inability to mobilize international support for their bitter
rejection of the plan — two perfunctory statements by the Arab League and the
Organization of Islamic Cooperation pale in comparison to Palestinian President
Mahmoud Abbas, uncharacteristically, being unable to muster 9 votes on the UN
Security Council to present a resolution condemning the U.S. plan.
Still, the administration should have no illusions. Others may not be backing
the Palestinians, but like European and other representatives at the UN, the
general tendency is to point to the plan’s shortcomings. Worse, among
Palestinians, polling shows that the public — and not just the leaders —
overwhelmingly reject the plan. Palestinians may no longer believe their own
leadership, but they see the Trump plan as a proposal not to produce a state but
a humiliation.
They cannot see past a map that leaves a truncated state, completely surrounded
by Israel, and with its territory fragmented to accommodate 128 Israeli
settlements, including all 77 settlements outside or east of the security
barrier. With Israel being responsible for overall security and controlling who
can enter and leave the Palestinian state, this does not look like a state to
Palestinians. And, while Israel gets to front-load annexation and its security
needs are understandably addressed, Palestinians don’t receive what Israel’s
Foreign Minister Yisrael Katz calls the “broad autonomy” provided in the plan
until the Palestinians have fulfilled all their obligations, including disarming
Hamas in Gaza — something that even Israel has avoided.
Saying no to such a plan is easy, while acknowledging its merits is impossible
for Arab leaders who feel they have nothing to point to. Thus, Egypt, Jordan,
Saudi Arabia, the UAE and Morocco, have largely avoided criticism or direct
comment on the plan and instead called for negotiations between the Israelis and
Palestinians.
The Arab posture reflects their growing fatigue with continual (and historic)
Palestinian rejection as well as new realities in the region. Many Arab leaders
see cooperation with Israel as necessary given the common threats they face and
their belief that America is unable to deter those threats. They want to be able
to work with Israel not in the shadows but in the daylight, and they are
increasingly frustrated by a Palestinian leadership that is divided and
incapable of making peace, much less offering serious counter-proposals.
The Trump administration is not wrong to seek to adjust Palestinian
expectations. It is not wrong to signal the Palestinians that there is a cost to
saying no.
It may even be right to signal that time is running out for the Palestinians if
they want a state of their own, and it is better to seize the moment before even
worse alternatives are the only ones available to them.
But the administration was wrong to think that its offer would be taken as a
credible initial move. To be credible, its offer had to provide for a contiguous
state in most of the West Bank and not one largely segmented in roughly
two-thirds of the territory.
It is ironic that President Trump referred to the map unveiled at the White
House ceremony as Bibi’s map, which offers the Palestinians significantly less
than what Netanyahu outlined to the Knesset in 2010. At that time, he privately
told Secretary of State Hillary Clinton that he could envision the Palestinians
getting around 90 percent of the West Bank.
Another irony is that while time is not on the Palestinian’s side due to
increasing frustration with rejection, time is also not Israel’s friend. Israel
needs to be careful not to cross the tipping point in which it loses the ability
to separate from Palestinians — and one state for two peoples becomes the only
option. Precisely because no Palestinian or Arab can sell the Trump plan as a
serious response to Palestinian national aspirations, a one state outcome is
becoming more likely.
One last irony: If Trump were to stick to his own words and treat the plan as a
“vision” that could be adjusted, not permit annexation for the four-year window
he gave the Palestinians to negotiate it, and work with the Europeans and Arabs
to jump-start his “vision’s” economic projects to show Palestinians something
real is happening, he might rescue his plan. That may be the only way to stop
the clock ticking towards one state — an outcome in which Israel loses either
its Jewish or democratic identity and the Palestinians lose a state of their
own.
It may also be the only way to resolve the inherent contradiction in the Trump
approach: Offer an opening gambit that elicits compromise and does not create an
irreversible reality that makes compromise impossible.
*Dennis Ross is counselor and the William Davidson Distinguished Fellow at the
Washington Institute for Near East Policy. He served as special assistant to
President Obama, as Special Middle East Coordinator under President Clinton, and
as director of the State Department's Policy Planning Staff in the first Bush
administration. He is the author, with David Makovsky, of "Be Strong and of Good
Courage: How Israel’s Most Important Leaders Shaped Its Destiny." Follow him on
Twitter @AmbDennisRoss.
*David Makovsky is the Ziegler Distinguished Fellow and director of the Project
on Arab-Israel Relations at the Washington Institute for Near East Policy.
Between 2013-2014 he served in the Office of the Secretary of State as a senior
adviser to the Special Envoy for Israeli-Palestinian Negotiations. Follow him on
Twitter @DavidMakovsky.
Inoculating economic growth against the coronavirus
John Defterios/Arab News/February 26/2020
Alarm over the coronavirus continues to spread as cases skyrocket in Far East
Asia, Iran and Italy, creating an economic contagion that may prove difficult to
contain as well.
To dampen panic, the International Monetary Fund’s managing director Kristalina
Georgieva said at the recent Global Women’s Forum in Dubai that her economic
crystal ball was being clouded by the coronavirus, but that she was still hoping
for a “V shaped” recovery from China — a pronounced drop followed by a quick
return to growth. At the G20 summit in Riyadh just a week later, she struck a
tone that was clearly less optimistic.
Prior to the coronavirus, China was pegged to grow 6 percent, its slowest pace
in nearly three decades.
Phase 1 of the US-China trade agreement lifted a cloud of uncertainty over
protectionism, but that 18-month dispute seems like a blip on the screen today
based on a sky-high level of uncertainty. Georgieva said China could slow to 5.6
percent, which is already forcing is Asian neighbors from South Korea to
Southeast Asia to act.
The Philippines cut interest rates, Singapore announced a $4.5 billion emergency
financial package, South Korea described the situation as an emergency that will
need funding and the ZEW economic institute in Germany said virus fears are
undermining sentiment and that was before Italy was gripped by a sharp rise of
infections.
One should not overlook that it was Asia, not the US, that’s been the real
engine of global growth the last two decades. The gross domestic product growth
of China speaks wonders about the interconnectedness of today’s economy. Back
during the sars virus in 2003, China was a $1.6 trillion economy. In 2020, it is
a $14 trillion giant that vacuumed up products from all of Asia. That is clearly
under threat, as oil, coal, copper and other commodities remain under pressure.
But the coronavirus in an era of globalization poses a much bigger threat to
global supply chains — where one manufacturing hub, say in South Korea or Japan,
is highly dependent on supplies from China.
There is no shortage of analysis on how this is already affecting technology,
pharmaceutical and aerospace companies, but at the G20 meeting the first bout of
protectionist realism bubbled to the surface. France’s finance minister Bruno Le
Maire went so far as to suggest that the West has become too dependent on China
and its low-cost, highly productive manufacturers. It is not national pride or
protectionism, claimed Le Maire, but industrial logic that needs to be applied
to future policy.
I remember covering the final GATT trade agreement under the Uruguay round in
1988 before the creation of the World Trade Organization. It was France that
posed the biggest challenge to a successful trade deal due to fears of US
cultural colonialism from Hollywood and the threat to Europe’s highly subsidized
farming sector. Neither proved true, but the language itself does not bode well
for a global rules based system.
The coronavirus in an era of globalization poses a much bigger threat to global
supply chains — where one manufacturing hub, say in South Korea or Japan, is
highly dependent on supplies from China.
But it was Japan that signaled the clear and present danger of the coronavirus
to the health of global commerce. China and Japan continue to have strained
political relations, but the second and third largest economies are glued
together as never before. Japan’s finance minister Taro Aso said it would be a
mistake to remain complacent and those who have fiscal space to support growth
should do so. Germany immediately comes to mind with its trade surplus and
growing dependency on exports to China and the rest of Asia. Japan has its own
issues to contend with after the economy collapsed in the fourth quarter by more
than 6 percent and with the coronavirus in the mix, a recession seems
inevitable.
This emergency policy call to action may give new life to what has been a
dormant institutional structure at the G20. The group now represents more than
80 percent of GDP, with a quarter of the group from Asia. During the global
financial crisis over a decade ago, then British Prime Minister Gordon Brown
revamped the G20 to put forth a coordinated stimulus package that was the right
move at the right time to resuscitate growth.
We heard murmurings of the same at the G20 in Riyadh with Saudi Arabia holding
the rotating president this year.
“We will enhance global risk monitoring, including of the recent outbreak of
COVID-19. We stand ready to take further action to address these risks,”
according to the final communique of the conference.
Host finance minister Mohammed Al-Jaadan of the Kingdom said countries are ready
to pull the policy trigger if needed.
“We all agreed that all countries and states will be ready to intervene as
needed to face these risks and it’ll be a multilateral intervention including
the WHO (World Health Organization) to monitor these risks and use relevant
policies as needed,” said Al-Jadaan.
Despite that outlook, the G20 said that global economic growth is expected to
pick up “modestly” this year and next. At this stage of the coronavirus threat,
I would not bank on it.
• John Defterios is CNN Business emerging markets editor and anchor based in Abu
Dhabi. Twitter: @JDefteriosCNN
Idlib the latest example of UN’s irrelevance
Dr. Azeem Ibrahim/Arab News/February 26/2020
Alarm over the coronavirus continues to spread as cas
Syrians stand on the rubble of a destroyed building that covers a street after
Assad regime airstrikes in the town of Ariha, in Idlib province. (AP Photo)
Almost a decade after it started — and after many, many chemical weapons attacks
on civilian populations, the systematic use of starvation sieges, and the utter
devastation of entire cities and regions at the hands of the Damascus government
and its Russian and Iranian allies — the Syrian civil war is still raging, and
it is still seeing an escalation of human brutality with almost every passing
month.
Now, Mark Cutts, the UN deputy regional humanitarian coordinator for Syria, is
expecting that the regime’s latest assault on Idlib province, the last major
rebel holdout in the country, will see “a massacre on a scale that has never
been seen in this entire war.”
In situations such as these, there are normally two avenues to head off a
complete humanitarian disaster. The first is for the UN Security Council to
fulfill its obligations under international law and deploy peacekeeping troops
to separate the warring sides. The second is for some Western country or
alliance, usually headed by the US, to intervene with overwhelming force against
the aggressors.
However, the US has long washed its hands of Syria and has no standing to
intervene now, after it failed to enforce its own red lines on the use of
chemical weapons earlier in the war under the Obama administration. Under
President Donald Trump, it also has no interest in humanitarian interventions.
And, as far as the UN is concerned, one permanent member of the Security
Council, Russia, will be at the forefront of the killing in northern Syria, just
as it has been at the forefront of the sieges of civilian areas and the
deliberate and systematic targeting of civilian hospitals and international
medical organizations in the years since it joined the war on the side of
Damascus. Any move by any other Security Council member aimed at doing anything
about the situation in Syria will be vetoed by Moscow. Western countries have
long since stopped trying.
As so many times before, this leaves us asking: Just what is the UN for if it
cannot and will not do anything about even unquestionable humanitarian
disasters, like Syria, Myanmar, Yemen and so many others proliferating around
the world at the moment?
In the best case scenario, the Security Council can just about get itself to do
stuff when some far-off small country, in which no permanent member has an
interest, does something truly horrific. For reference, Rwanda did not count as
far-off and small enough to meet the criteria — in that case, it was protected
by France.
Nowadays, any country that is not at least in some sense a protectorate of the
US, or a former colonial possession of Britain or France with close ties to
their former imperial masters, can count almost by default on Russian or Chinese
backing in the Security Council. China will back just about any country that is
willing to embrace an expansion of Chinese influence and commercial ties, as it
rises to a prominent position in the global trading system. Meanwhile, Russia is
desperately flailing around, grasping at any opportunity for geopolitical
relevance and any opportunity to stick it to the West — mostly driven by
internal politics in Moscow, as well as Vladimir Putin’s Cold War fixations.
Just what is the UN for if it cannot and will not do anything about even
unquestionable humanitarian disasters?
For these two reasons, just about any conflict and any humanitarian abuse
anywhere in the world is an opportunity for a proxy conflict between Russia and
the West, or an opportunity for Beijing to gain leverage over some smaller
nation so as to draw it into their sphere of influence. Thus, one can guarantee
that any attempt by any side to do anything through the Security Council will be
vetoed by some member or other.
There has been exactly one occasion when this was not the case: In the 1990s,
when American reigned supreme, Russia had no desire or capacity to relitigate
the Cold War, and China was not yet a global player. That world is gone. And,
with it, any chance that the Security Council can serve any purpose. So we find
ourselves once again calling for a complete overhaul of the Security Council and
the UN system, and the abolition of the unilateral vetoes.
*Dr. Azeem Ibrahim is the Director of the Displacement and Migration Program at
the Center for Global Policy in Washington, D.C., where he chairs the Rohingya
Legal Forum. He is also author of “Rohingya: Inside Myanmar’s Genocide” (Hurst
2017). Twitter: @AzeemIbrahim