Articles for tag: agrees , ceasefire , Gaza , hopes , Israel , Latest , revive , rise , stalled , talks

Israel agrees to restore electricity to Gaza desalination plant: UNICEF

JERUSALEM: The United Nations children’s fund said on Thursday that Israel had agreed to restore electricity to a key desalination plant in southern Gaza that could provide much-needed water to one million displaced people. “UNICEF confirms that an agreement has been reached (with Israel) to restore the medium-voltage power line to the southern Gaza desalination plant,” said Jonathan Crickx, the agency’s spokesman in the Palestinian territories. Water has become scarce for the Palestinian territory’s 2.4 million residents since war broke out nearly nine months ago. More than two-thirds of Gaza’s water and sanitation facilities have been damaged or destroyed, according

June 11, 2024

Hamas agrees to UN-backed Gaza truce plan, US calls ‘hopeful sign’

CAIRO/TEL AVIV: Hamas accepts a UN resolution backing a plan to end the war with Israel in Gaza and is ready to negotiate details, a senior official of the Palestinian group said on Tuesday in what the US secretary of state called a “hopeful sign”. Talks on plans for Gaza after the end of the Israel-Hamas war will continue Tuesday evening and over the next two days, Foreign Minister Anthony Blinken said in Tel Aviv after talks with Israeli leaders. “It is imperative that we have these plans.” Blinken met with Israeli officials on Tuesday in a push to end

May 9, 2024

World Bank agrees on new partnership strategy

Islamabad: Pakistan and the World Bank on Wednesday agreed to work together on a new, robust and ambitious Country Partnership Framework to advance the country’s reform and development agenda. The agreement was reached during a meeting between Prime Minister Muhammad Shehbaz Sharif and a World Bank delegation led by its regional vice president for South Asia, Martin Raiser. Welcoming the Vice President, Prime Minister Shehbaz praised the World Bank’s contribution to Pakistan’s development. He appreciated the bank’s support for building climate-resilient infrastructure after the devastating floods of 2022. He briefed the delegation on the Government of Pakistan’s reform program, including

April 26, 2024

Hamas ‘pledged’ to release prisoner if Israel agrees to permanent ceasefire

GAUZE: The Palestinian resistance group Hamas said it had agreed to a deal with Israel if its conditions, including a lasting ceasefire in Gaza, were met. Al Jazeera reported on Friday. Khalil al-Hayya, a member of the Hamas politburo, confirmed that “Hamas is serious about the release of Israeli prisoners as part of an agreement” that emphasizes the release of Palestinian prisoners held in Israeli prisons. At least 17 countries, including Israel’s closest ally the United States, on Wednesday appealed to Hamas to release prisoners as a crucial step towards resolving the Gaza crisis. “We call for the immediate release

February 28, 2024

China agrees to swap $2 billion of debt on existing terms

Islamabad: China has agreed to rollover a $2 billion debt on existing terms after initially seeking a price hike as Pakistan’s policy of holding foreign exchange reserves through deposits from three countries becomes costly due to a 118% increase in interest costs. Treasury officials said an agreement had been reached with Beijing to further extend the repayment period of the $2 billion loan that ends on March 23 – Pakistan Day.The Chinese embassy’s response was awaited. Sources said China had initially asked to raise interest rates further on its $2 billion debt. Pakistan currently pays 7.1% interest based on the

February 21, 2024

Sports

Kylian Mbappe agrees to join Real Madrid in summer — What number will he wear?

Mbappe’s salary at Real Madrid would be lower than what he currently earns at PSG Paris St Germain’s Kylian Mbappe celebrates his third goal during the Ligue 1 match against RC Lens at Parc des Princes in Paris, France on August 26, 2023. — Reuters Kylian Mbappe’s potential move to Real Madrid from Paris Saint-Germain (PSG) has created a lot of buzz in the football world, but according to reports, the Frenchman has agreed to take a pay cut to join the Spanish giants. His move to Real Madrid marks “the most expensive free transfer in history”, according to Sky

January 19, 2024

Pak Suzuki agrees to 50% increase in buyback price

KARACHI: Pak Suzuki Motor Company has agreed to raise its share price under a buyback plan to Rs 609 per share to qualify for delisting from the Pakistan Stock Exchange (PSX). Earlier, the Japanese carmaker had offered to buy back its shares from the general public at Rs 406 per share in the first week of December 2023. However, PSX’s voluntary delisting committee a few days ago fixed the buyback price at Rs 609 per share, which was almost 50% higher compared to the company’s proposed price. In a notice sent to the PSX on Thursday, Pak Suzuki Motor said

January 17, 2024

Pakistan agrees with Riyadh, Doha to resort to international investment arbitration

Pakistan has negotiated to include a phased approach to settling investment disputes, sources say Caretaker Prime Minister Anwaar-ul-Haq Kakar presides over a SIFC meeting in Islamabad. — APP/File The domestic forums will be given 8 months to provide a solution. In the event of no resolution, Doha and Riyadh may approach the PCA/ICSID. SIFC approves in principle the establishment of Nidra. ISLAMABAD: Pakistan has agreed to allow the Kingdom of Saudi Arabia and Qatar to approach the Permanent Court of Arbitration (PCA) or the International Center for Settlement of Investment Disputes (ICSID) if they face any problem in the multi-billion

November 9, 2023