Lebanese central bank seeks to strengthen currency after slump

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Reuters
ID: 
1642182575152259100
Fri, 2022-01-14 20:51

BEIRUT: Lebanon’s central bank said on Friday it aimed to boost the Lebanese pound’s value by easing restrictions on dollar purchases after the currency hit a record low, fueling fresh protests about rising prices and a collapsing economy.
The pound, which has lost more than 90 percent of its value since Lebanon’s financial crisis erupted in 2019, dropped beyond 33,000 to the dollar, though it had clawed back some ground to around 27,200 by Friday.
Before the crisis, which has driven a significant proportion of residents into poverty, it traded at 1,500 to the dollar.
In response to the sharp decline, the central bank said it was removing a ceiling related to bank purchases of dollars using the official Sayrafa exchange rate platform.
“This initiative aims at curbing the volatility of the exchange market and aims at strengthening the pound’s value against the dollar,” bank Governor Riad Salameh told Reuters,
.”..The operation consists of decreasing the amount of bank notes in Lebanese pounds.”
Salameh also said there had been “signs of manipulation of the prices of the dollar to the pound,” without giving details.
One analyst has described the central bank move as like taking “a Panadol pill to treat a major crisis,” saying the government needed a program of reforms to tackle deep economic problems.
Commercial banks have all but shut their doors to depositors amid a liquidity crunch caused by the economy crumbling under a mountain of state debt.
A new cabinet was formed in September, promising to start fixing the economy and restart talks with the International Monetary Fund, but ministers have not met for three months because of dispute over the conduct of an investigation into a huge explosion in Beirut port in 2020.
Salameh is facing multiple domestic and international investigations into his conduct at the head of the central bank, which he has led for three decades. He denies any wrongdoing.

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UN Security Council condemns Houthi seizure of Rwabee cargo ship

Fri, 2022-01-14 19:49

NEW YORK: The UN Security Council unanimously condemned the Houthi seizure and detention of UAE-flagged vessel Rwabee on Friday.

The cargo ship was seized by the militia in an Iranian-backed and planned operation from the Yemeni port of Hodeidah, the Coalition to Support Legitimacy in Yemen said.

In a statement drafted by the UK, Security Council members demanded the immediate release of the vessel and its crew, urging the Houthis to ensure the crew’s wellbeing and safety until their release.

They also called for a quick resolution to the issue and underscored “the importance of freedom of navigation in the Gulf of Aden and Red Sea, in line with international law.”

The council memebers also urged all parties to “stop the escalation of the situation in Yemen,” and to cooperate constructively with the UN Special Envoy toward the resumption of talks to resolve the crisis.

The cargo ship was seized by the militia in an Iranian-backed and planned operation from the Yemeni port of Hodeidah. (Reuters/File Photo)
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Syrian war criminals will face justice ‘sooner or later, at home or abroad’

Fri, 2022-01-14 00:25

NEW YORK: “This conviction has put state authorities on notice: no matter where you are or how senior you may be, if you perpetrate torture or other serious human rights violations you will be held accountable, sooner or later, at home or abroad.”

The warning came from Michelle Bachelet, the UN High Commissioner for Human Rights, after the “historic” conviction by a German court of a former senior intelligence official for the Syrian regime, who was jailed on Thursday for life for crimes against humanity.

Anwar Raslan, 58, was standing trial in Koblenz on charges of murder, torture, rape and sexual assault, and hostage-taking. He was a supervisor of Eyad Al-Gharib, a junior regime officer sentenced in February last year, also in Koblenz, to four-and-a-half years in prison for aiding and abetting crimes against humanity in Syria.

Al-Gharib was accused of rounding up peaceful anti-government protesters and delivering them to a detention center where he knew they would be tortured. The verdict marked the first time a court outside of Syria had ruled on a case involving state-sponsored torture by members of the Assad regime.

Christoph Heusgen, Germany’s permanent representative to the UN when Al-Gharib was convicted, said at the time that the verdict sent a clear message to Assad that “whoever commits such crimes cannot be safe anywhere.” He added: “Assad’s state has turned the cradle of civilization into a torture chamber.”

On Thursday, Bachelet urged other countries to follow Germany’s lead by investigating and prosecuting international crimes using established principles of universal and extra-territorial jurisdiction.

She said that Raslan’s trial “cast a much-needed, renewed spotlight on the kinds of sickening torture, cruel and truly inhuman treatment — including abject sexual violence — that countless Syrians were subjected to in detention facilities.”

She added: “It is a landmark leap forward in the pursuit of truth, justice and reparations for the serious human rights violations perpetrated in Syria over more than a decade.”

The verdict serves as a powerful deterrent and will help to prevent future atrocities, Bachelet said as she urged other nations to intensify their efforts to “widen the net of accountability” for those guilty of crimes committed during the Syrian conflict.

“This is a clear example of how national courts can and should fill accountability gaps for such crimes, wherever they were committed, through fair and independent investigations and trials carried out in line with international human rights laws and standards,” she added.

Bachelet also paid tribute to the Syrian victims, their families and the civil society organizations who have braved “tremendous obstacles” in their persistent calls for justice.

A dozen other criminal and civil cases involving Syrian former government officials and members of other armed groups are in progress in Germany and other countries including Austria, France, Hungary, Sweden, Switzerland and the Netherlands.

The Security Council has for years called for those guilty of crimes committed during the Syrian civil war to be held accountable, but has not referred the matter to the International Criminal Court because Syria is not a party to the court’s Rome Statute.

Michelle Bachelet, the UN High Commissioner for Human Rights, warned that Syrian war criminals would face justice ‘sooner or later.’ (Reuters/File Photo)
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US reiterates concern over Houthi detention of Yemeni staff

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Fri, 2022-01-14 00:03

LONDON: The US reiterated on Thursday its concern over the Iran-backed Houthi militia’s continued obstruction of the peace process in Yemen and harassment American and UN-employed local Yemeni staff.
“If they are serious about peace and upholding international norms, they will release our colleagues immediately,” said Samantha Power, administrator of the US Agency for International Development.
The UN Security Council had condemned in the strongest terms the Houthis’ seizure and intrusion into a compound that was formerly used to house the US embassy in Sanaa, when dozens of local employees were detained.
Power was speaking a day after US ambassador to the UN Linda Thomas-Greenfield issued a similar statement saying the Houthi militia is continuing these actions despite condemnation from the Security Council.
“The Houthis must immediately cease threats, release unharmed those detained, vacate the compound, return seized US property, and cease their threats against our employees and their families.” she said during a Security Council briefing on Yemen on Wednesday.

UNESCO and the UN High Commissioner for Human Rights on Dec. 28 said they continued to be deeply concerned for the well-being of two of their staff members who were detained in early November in Sanaa. 
No communication from the UN has been possible with the staff members since that time.
“Although the two staff members remain in custody, the UN has not received information about the grounds or legal basis for their detention, or their current status, despite earlier assurances by the Ansar Allah movement (who are also called Houthis) of their immediate release,” the two UN bodies said in a joint statement.
“OHCHR and UNESCO recall the privileges and immunities accorded to staff of the UN system under international law, which are essential to the proper discharge of their official functions, and call for the staff members’ immediate release without any further delays,” they added.

Houthi militants walk past the the US embassy’s gate in Sanaa, Yemen. (File/Reuters)
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Controversial tree planting bid nearly topples Israeli government

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Thu, 2022-01-13 22:47

AMMAN: A controversial tree-planting effort on lands owned by Palestinians in the Negev area of Israel by the Jewish National Fund has threatened to blow up the razor-thin ruling coalition in Israel.

Jafar Farah, head of the Mossawa (Equality) NGO, told Arab News that the controversy had been brewing for weeks.

Farah said: “Last week, security-protected JNF employees dug up the area of Sawa in the Negev.

“Knesset Member Mansour Abbas, whose list received 40 percent of its vote from Palestinians in the Negev, came to the area and promised the tree planting would stop.

“It didn’t, as the JNF came against this Monday. Abbas responded by threatening not to vote in favor of any government laws in protest.”

The Israeli coalition needs Abbas’s four votes to retain their one-member majority of 61 out of 120 Knesset members.

Farah told Arab News that his organization has three demands.

“We call on the government to recognize the rights of the Palestinian landowners, issue building permits to 36 unrecognized villages where 100,000 Palestinian Citizens of Israel live, and thirdly the JNF should be dissolved.”

Botrus Mansour, a Nazareth-based lawyer and political analyst, told Arab News that Abbas needs to show his constituentcy that he can defend them and their rights.

“The government already approved providing electricity to homes built without a license in Israel. Even though the implementer is right-wing Interior Minister Ayelet Shaked, but the coalition needs to understand the needs of one of its partners. Now he needs to use his power to end the JNF’s controversial involvement.”

Wadie Abu Nassar, director of the International Center for Consultations, told Arab News that he is not sure of the outcome of the situation in the Negev. Israel’s strategy for confiscating land through tree planting has seen the state take control of more than 90 percent of the land. Nassar warned that Israel is seeking more gains.

“MK Mansour appears to have averted temporarily the crisis but it will be interesting to see what happened to the 30 detainees who are in jail now,” said Nassar.

The Association for Civil Rights in Israel tweeted that “the intent of JNF’s ‘foresting’ is clear: To seize as much land as possible and prevent Bedouin communities from accessing their lands.”

Jessica Montell, executive director of the Jerusalem-based Human Rights Organization, Hamoked, tweeted: “Don’t be fooled by any green-washing. JNF’s mission is to dispossess Arabs/Palestinians.”

Ofer Zalzberg, director of the Middle East Program at the Herbert C. Kelman Institute, told Arab News that the disagreement in the Negev is particularly challenging because the issue relates to land ownership and use, therefore evoking national and religious sentiments on both sides.

Moreover, the coalition faces pressures from both ends simultaneously: Right-leaning parties in government are criticized by Likud for betraying settlement ideals; and Raam, — Abbas’s Islamic party — whose electoral base draws heavily on Negev Bedouins, is criticized by the Joint List and the Islamic movement’s Northern Branch for being complicit in Israeli land grabs.

“The coalition seems likely to overcome this and in so doing signal that it can address even differences regarding highly symbolic matters.”

Bedouin protesters clash with Israeli forces over an afforestation project by the Jewish National Fund in the southern Israeli village of Sa'we al-Atrash in the Negev Desert on Jan. 13, 2022. (AP Photo/Tsafrir Abayov)
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