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Category: Middle East

  • MIL-OSI Asia-Pac: Prime Minister welcomes Amir of Qatar H.H. Sheikh Tamim Bin Hamad Al Thani to India

    Source: Government of India (2)

    Posted On: 17 FEB 2025 8:53PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi extended a warm welcome to the Amir of Qatar, H.H. Sheikh Tamim Bin Hamad Al Thani, upon his arrival in India.

    The Prime Minister said in X post;

    “Went to the airport to welcome my brother, Amir of Qatar H.H. Sheikh Tamim Bin Hamad Al Thani. Wishing him a fruitful stay in India and looking forward to our meeting tomorrow.

    @TamimBinHamad”

     

     

    ***

    MJPS/ST

    (Release ID: 2104225) Visitor Counter : 77

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: India-Qatar Joint Business Forum on the sidelines of the visit of His Highness Sheikh Tamim Bin Hamad Al-Thani, The Amir of the State of Qatar to Enhance Economic Cooperation

    Source: Government of India (2)

    Posted On: 17 FEB 2025 6:52PM by PIB Delhi

    India and Qatar are set to strengthen their economic and trade ties with the India-Qatar Joint Business Forum, scheduled for February 18, 2025, in New Delhi.Joint Business Forum will be organized by the Confederation of Indian Industry (CII) in collaboration with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, which will convene top business leaders, policymakers, and industry stakeholders to explore investment opportunities, technological collaboration, and economic partnerships.

    The event takes place on the sidelines of the visit of H.H. Sheikh Tamim bin Hamad Al Thani, the Amir of Qatar, to India from February 17-18, 2025. The business forum will be graced by H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Hon’ble Minister of Commerce and Industry, State of Qatar, and Shri Piyush Goyal, Hon’ble Minister of Commerce and Industry, Government of India, who will deliver keynote addresses. The high-level Qatari delegation includes leading enterprises from energy, infrastructure, finance, technology, food security, logistics, advanced manufacturing, and innovation.

    The forum will feature three panel discussions on:

    • Investment as a vehicle to build long – term strategic partnership between India and Qatar
    • Cooperating and leveraging competencies in the fields of logistics, advanced manufacturing and food security
    • Promoting and strengthening cooperation in futuristic areas (AI, innovation, sustainability, etc.)

    These discussions will enable Indian and Qatari businesses to explore joint ventures, foreign direct investment (FDI), technology partnerships, and policy-driven collaborations. Representatives from both governments and leading industry players will contribute in shaping a forward-looking trade and investment framework.

    India and Qatar enjoy a robust economic partnership, with bilateral trade expanding across multiple sectors. Qatari firms have invested in India’s technology, infrastructure, and manufacturing sectors, while Indian companies have established a strong presence in Qatar. The forum will highlight strategic investment opportunities aligned with Make in India, Aatmanirbhar Bharat, and India’s infrastructure growth initiatives. Key areas for investment include logistics, warehousing, ports, airports, railways and highways, semiconductors, food security, tech and innovation, space, biosciences, banking and fintech, smart cities, pharmaceuticals, electric vehicles, and renewable energy. Additionally, the India-Qatar Startup Bridge is fostering innovation-driven partnerships in AI, fintech, and deep tech, strengthening bilateral economic cooperation.

    With India emerging as a global hub for manufacturing, technology, and entrepreneurship, this forum serves as a crucial platform to enhance business-to-business (B2B) and government-to-business (G2B) engagements. It aims to:

    • Deepen industry collaboration between Indian and Qatari businesses.
    • Facilitate foreign direct investment (FDI) and joint ventures.
    • Promote technology transfer and innovation partnerships.
    • Strengthen trade through policy reforms and strategic agreements.

    This forum underscores the shared vision of India and Qatar for long-term economic cooperation, reinforcing their commitment to fostering trade, investment, and innovation across key sectors.

    ***

    Abhishek Dayal /  Abhijith Narayanan

    (Release ID: 2104171) Visitor Counter : 99

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Europe: Written question – Inclusion of Israel and human rights criteria in the FP10 – E-000488/2025

    Source: European Parliament

    Question for written answer  E-000488/2025
    to the Commission
    Rule 144
    Lynn Boylan (The Left), Kathleen Funchion (The Left), Rima Hassan (The Left), Anthony Smith (The Left)

    The next Framework Programme for Research and Innovation (FP10) succeeding Horizon Europe is currently under consideration. There has been significant controversy regarding the inclusion of Israel in Horizon – particularly given the extensive links and collaboration between Israeli universities and the Israeli arms industry and military infrastructure.

    Will the Commission:

    • 1.Ensure that Israel is not permitted to participate in the FP10?
    • 2.Ensure that human rights criteria are stringently applied to funding granted under the FP10?
    • 3.Ensure that funding under the FP10 cannot be used for research with a military or dual-use purpose?

    Submitted: 4.2.2025

    Last updated: 17 February 2025

    MIL OSI Europe News –

    February 18, 2025
  • MIL-OSI Europe: Written question – Sale of Meteor missiles to Türkiye – E-000419/2025

    Source: European Parliament

    Question for written answer  E-000419/2025/rev.1
    to the Commission
    Rule 144
    Loucas Fourlas (PPE)

    According to intelligence, Türkiye has reached an agreement for the supply of Meteor missiles from France. At the very same time, Türkiye’s President Erdoğan, is making public statements that question European borders, claiming that his country’s borders extend to Cyprus and Thessaloniki. Such revisionist positions, combined with Türkiye’s procurement of advanced European weapons, raise serious concerns. It is noted that France had stopped arms sales to Türkiye since the 1970s, but it now appears to be allowing them again, at the very moment that the Turkish leadership is adopting more extreme rhetoric than ever.

    In view of the above:

    • 1.Does the Commission have information at its disposal regarding the sale of Meteor missiles to Türkiye, and if so, which EU Member States have been involved in this transaction?
    • 2.How does the Commission assess the provision of advanced European weapons to Türkiye, given the increasingly aggressive rhetoric of the Turkish leadership towards EU Member States?
    • 3.Will the Commission consider imposing restrictions on exports of military equipment to Türkiye to ensure that the European defence industry does not support destabilising policies?

    Submitted: 30.1.2025

    Last updated: 17 February 2025

    MIL OSI Europe News –

    February 18, 2025
  • MIL-OSI United Nations: Time for Reparatory Justice, Permanent Security Council Seats for Africa, Secretary-General Tells Continental Summit

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks at the African Union Summit, held today in Addis Ababa:

    President Mohamed Ould Ghazouani — thank you for your leadership in the outstanding exercise of your mandate.  Presidente João Lourenço — parabéns e aguardo com expetativa a oportunidade de trabalhar consigo como novo Presidente da União Africana.

    I also want to give a very special expression of gratitude to the Chairperson of the African Union Commission, Moussa Faki, for his eight years of strong and permanent commitment to multilateralism and impeccable cooperation with the United Nations.  Dear Moussa, working with you is a privilege, a pleasure and an honour.

    The partnership between the African Union and the United Nations has never been stronger.  Together, we see an Africa brimming with hope and possibility.  You have a booming, enterprising population, including the largest number of young people in the world.  The African Continental Free Trade Area is poised to turbocharge the region’s economy.

    And calls to address the legacies of colonialism and slavery are growing louder, as reflected in your theme this year — and as reflected in the leadership of so many passionate voices for the liberation of Africa such as the great Dr. Sam Nujoma of Namibia whose life we celebrate and whose loss we mourn.

    The world must never forget that Africa is the victim of two colossal and compounded injustices.  First, the profound impact of colonialism and the trans-Atlantic slave trade.  The roots stretch back centuries and the bitter fruit continues to affect Africans and people of African descent to this day.

    Decolonization, alone in itself, was not a panacea.  Political independence did not free countries from structures based on exploitation and decades of economic, social and institutional underinvestment.  It is high time for reparatory justice frameworks to be put in place.

    Second, Africa was under colonial domination when today’s multilateral system was created — and that injustice endures.  Look no further than the United Nations Security Council. There is no excuse that Africa still lacks permanent representation in the twenty-first century.

    I will keep working with the African Union and all Member States to ensure the representation Africa needs and the justice you deserve — including with two permanent members of the Security Council. And we will keep pressing together for an international financial architecture that is no longer outdated, dysfunctional and unfair.

    Correcting age-old injustices is essential to address here-and-now challenges.  And the good news is that we have many of the solutions we need.  Last year, you helped drive that effort at the United Nations, with the Pact for the Future.  I thank Africa for its support that was vital to approve the Pact.  Our task now is to make those commitments a reality.  South Africa’s Group of 20 (G20) Chairmanship could not come at a better time.

    Let me point to four areas for action.

    First, we must push for peace, security and alleviating appalling levels of human suffering.  Sudan is being torn apart before our eyes — and is now home to the world’s largest displacement crisis and famine.

    As we near the holy month of Ramadan, it is time for an immediate cessation of hostilities.  The international community must come together to stop the flow of weapons and the bankrolling of bloodshed.

    In the Democratic Republic of the Congo, the Congolese people have been suffering — yet again — from a brutal cycle of violence.  And the fighting that is raging in South Kivu — as a result of the continuation of the M23 [23 March Movement] offensive — threatens to push the entire region over the precipice.

    Regional escalation must be avoided at all costs. There is no military solution.  The deadlock must end — the dialogue must begin. And the sovereignty and territorial integrity of the DRC must be respected.

    The conclusions of the recent joint EAC-SADC [East African Community-Southern African Development Community] Summit offer a way forward — with a renewed call for an immediate ceasefire and new momentum for regional efforts based on the Luanda and Nairobi processes.

    Now is the time for swift implementation.  And you can count on the continued support of the United Nations, including the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO).

    In the Sahel, the clear and present threat of terrorism is undermining peace, security and sustainable development.  And in Somalia, we are urging predictable funding for the African Union Support and Stabilization Mission, and I hope that our voice will be heard by the Security Council.

    And as we gather here in Africa, I know all our minds are also very much on Gaza.  A resumption of hostilities must be avoided at all costs.  The Palestinian people have suffered too much.  I welcome efforts by the parties to abide by the ceasefire agreement — and urge action for a permanent ceasefire and release of all hostages.

    Peace is possible in the Middle East — and that starts with tangible, irreversible and permanent progress toward the two-State solution — Israel and Palestine — living side-by-side in peace and security.

    On all fronts, we stand shoulder-to-shoulder with the African Union to advance security, stability, human rights and the rule of law.

    Second, we must keep working together to deliver the AU 2063 Agenda and the 2030 Agenda for Sustainable Development — and drive action on finance.  African countries pay up to eight times more to borrow than developed countries.  Twenty are in or at risk of debt distress.

    The Pact for the Future supports international a financial architecture reform to reflect today’s economy, ensuring fair representation, and urging effective action on debt relief.  And I will stand with Africa as a matter of justice and to right the historic wrongs.

    Third, the climate crisis.  Climate disasters are tearing across Africa:  Destroying lives, upending livelihoods, devastating economies, and inflaming conflict.  At the same time, the renewables revolution is unstoppable — and Africa is poised to become a global clean energy powerhouse.

    Yet today Africa receives just 2 per cent of global renewables investment.  Realizing Africa’s potential requires access to affordable finance — including by implementing the twenty-ninth Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) finance decision fully and on time  and supporting development of a road map to realize $1.3 trillion a year.

    Africa has contributed little to the climate crisis, yet is paying the price with record droughts, floods and heat.  Climate justice requires a massive investment in adaptation, with the international community bearing an enormous responsibility.

    Developed countries must double adaptation finance.  And countries must significantly boost the Loss and Damage Fund.  Allow me a note, when the Loss and Damage Fund was created, the pledging conference that took place has allowed for an amount that is equivalent to the highest contract for a [baseball] player in the United States.  It is absolutely necessary to make the Loss and Damage Fund an effective instrument to support developing countries in adaptation.

    And we also need justice when it comes to your abundant critical minerals.  Too often, your countries are plundered — bound to the bottom of value chains — as others grow rich on your resources.

    The work of the United Nations Panel on Critical Energy Transition Minerals is designed to help embed justice, sustainability and human rights across the value chain.  Africa’s minerals must benefit Africa’s people.

    Finally, we need action on new technologies, including artificial intelligence (AI).  Almost two thirds of all Africans have no reliable internet access.  We have a historic responsibility to ensure AI benefits humanity, not just a privileged few, States and businesses.

    The Global Digital Compact shares the ambitions of the African Digital Compact — universal connectivity, capacity- building, and responsible AI governance.  I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help the global South harness AI for the greater good.  Together, let’s ensure these commitments are honoured.

    The United Nations and the African Union stand united in our determination to deliver justice for your continent, leaving no one behind.  We have much to build upon.  So, together, let’s make commitments reality.  And say with one voice:  Viva Africa!

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI: Taitiko: Pioneering the Future of Blockchain Gaming with ‘Troll-And-Earn’ Mechanics

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 17, 2025 (GLOBE NEWSWIRE) — Taitiko, an innovative blockchain-based gaming platform, is set to redefine the crypto gaming landscape with its unique ‘Troll-And-Earn’ (T2E) model. Drawing inspiration from popular titles like Fall Guys, Taitiko offers a series of engaging mini-games designed for both crypto enthusiasts and casual gamers.

    A New Era of Non-Speculative Gaming

    Unlike traditional play-to-earn models that often rely on volatile market dynamics, Taitiko introduces a stable in-game economy. Players earn Taitiko Coins (TTC), a stablecoin pegged to USDT and BUSD, ensuring consistent value and mitigating market speculation. This approach provides a secure and predictable earning environment for users.

    Diverse and Accessible Gameplay

    Taitiko’s platform features a variety of mini-games that require no prior skills, leveling the playing field for all participants. From classic games like “rock, paper, scissors” to innovative challenges reminiscent of playground favorites, Taitiko emphasizes fun and inclusivity. The system is designed without handicaps, ensuring that success is determined by player engagement and luck.

    Empowering the Community with $TTG

    Central to Taitiko’s ecosystem is the Taitiko Token ($TTG), which offers holders exclusive benefits such as access to special tournaments, unique in-game assets, and community events. A notable feature is the redistribution of 50% of the profits from every match back to $TTG holders, reinforcing Taitiko’s commitment to a sustainable and rewarding community-driven platform.

    Strategic Collaborations and Growth

    In a significant move to expand its reach, Taitiko has partnered with TON Station, a premier Web2/Web3 gaming platform developed by industry leaders Sidus Heroes and SuperVerse. This collaboration integrates Taitiko ARENA into TON Station’s ecosystem, granting access to a user base exceeding 7.5 million and offering enhanced engagement opportunities through quests and tournaments.

    Join the Taitiko Revolution

    As Taitiko continues to evolve, it invites gamers and crypto enthusiasts worldwide to experience its unique blend of entertainment and earning potential. With a focus on community, stability, and innovation, Taitiko is poised to set new standards in the blockchain gaming industry.

    For more information and to start your Taitiko journey, visit www.taitiko.com.

    Media Contact:

    Taitiko Media Relations

    info@taitiko.com

    Website: www.taitiko.com

    Twitter: @TaitikoOfficial

    Telegram: Taitiko Official

    Instagram: taitiko.official

    Disclaimer: This content is provided by Taitiko. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before investing in or trading cryptocurrency and securities .Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/89cf9d45-cc42-4d33-9b8e-2b4564f8a19d

    The MIL Network –

    February 18, 2025
  • MIL-OSI USA News: Remarks by President Trump After Air Force One Arrival

    Source: The White House

    class=”has-text-align-center”>Palm Beach International Airport

    West Palm Beach, Florida

    (February 16, 2025)

    4:00 P.M. EST

         THE PRESIDENT:  So, Daytona was fantastic.  The crowd was amazing.  The people love that sport, and they’re wonderful people that run it.  And they had a little rain delay, but we’ll go home and watch it, I guess — or some of you will.  And others will try and create peace throughout the world.

         Do you have any questions, please?

         Q    Sir, did you speak to Secretary Rubio this morning?

         THE PRESIDENT:  I did.

         Q    What is the latest with the negotiations in Saudi Arabia?  What’s he taki- —

         THE PRESIDENT:  We’re moving along.  We’re trying to get a peace with Russia-Ukraine, and we’re working very hard on it.  It’s a war that should have never started.

         Q    Do you expect Zelenskyy to be involved in these conversations?  What will his role be?

         THE PRESIDENT:  Yeah, I do.  I do.  He will be involved, yes.

         Q    Mr. President, would you allow the Europeans to buy U.S.-made weapons for Ukrainians?

         THE PRESIDENT:  Yeah, I would.

         Q    Sir, Zelenskyy said today that Russia is going to wage war on NATO.  Do you — do you agree with that?  Do you have any concerns about —

         THE PRESIDENT:  No, I don’t agree.  I don’t agree with that.  Not even a little bit.

         Q    Vice President Vance said that the United States would potentially take military action against Russia if they won’t come to an agreement.  Do you agree with that stance?

         THE PRESIDENT:  I don’t know if that’s what he said.  I don’t think he said that.

         Q    Sir, based on your conversations — based on your conversations with President Putin, what do you think he wants, ultimately, in Ukraine?

         THE PRESIDENT:  I think he wants to stop fighting.  I see that.  We spoke long and hard.  Steve Witkoff was with him for a very extended period, like about three hours.  I think he wants to stop fighting.

         They have a big, powerful machine.  You understand that.  And they defeated Hitler, and they defeated Napoleon.  You know, they’ve been fighting a long time.  They’ve done it before and — but I think he would like to stop fighting.

         Q    Do you think he wants the whole of Ukraine, or just a pa- — like, what do you think he wants in terms territory?

         THE PRESIDENT:  No, I think he wants to stop.  That was my question to him.  Because if he’s going to go on, that would have been a big problem for us, and that would have caused me a big problem, because you just can’t let that happen. 

         I think he wants to end it, and they want to end it fast — both of them.  And Zelenskyy wants to end it too.

         Q    Sir, when do you think that could actually happen?  When do you think the fighting can stop?

         THE PRESIDENT:  Well, we’re working to get it done.  I mean, you know, it’s too bad it started.  It would have been a lot easier to end it before it started.  Right?  But it started because we had an incompetent president that — he didn’t know what he was doing.  That should have never started.

         That war was so easy to stop.  Remember this: that under Bush, they took a lot.  Under Obama, they took a lot.  Under Biden, they’re trying to take the whole thing.  And under Trump, they took nothing — nothing.  Nothing was gone, not even a little bit.  So, it’s too bad.  It’s really too bad. 

         A lot of people are dead right now that should be alive, and a lot of cities are destroyed that can never come back like they were.  Those beautiful golden domes and all of the multi-colored domes that were 1,000 years old, they’re all laying in — you know, just shattered.  So, it’s very sad.  They ruined a culture.

         Q    They’re beginning phase two — they’re beginning phase two of the ceasefire deal —

         THE PRESIDENT:  Yeah.

         Q    — between Israel and Hama- — Hamas.  What is — what’s going on there?  Have you been briefed on the latest relating to that?

         THE PRESIDENT:  Well, I told you — I have been briefed.  I told Bibi, “You do whatever you want.”  Because, you know, my statement was, “They got to come back now.”  The reason I made that statement: because they said they weren’t going to deliver — they were not going to deliver the people that they said they were going to deliver, that they agreed to deliver.  And they did agree to do that, but they broke that agreement.  When I made the statement, they delivered everybody, plus an American.

         Now, the good news is, they look like they’re in pretty good shape, because the people from the week before didn’t look like they were in good shape.  They looked like Holocaust survivors, frankly — horrible.  Whatever happened to them was horrible.
        
         But that will be up to Israel what the next step is, in consultation with me.

         Q    Sir, what would the — what are they supposed to use these weapons for that you’ve now allowed to be shipped?  Given the fact that there’s a ceasefire supposed to be in effect, why ship those big bombs now?

         THE PRESIDENT:  Peace through strength.  You understand that, right?  It’s called peace through strength.  You know, they contracted for those weapons a long time ago, in the Biden administration, and then Biden wouldn’t deliver the weapons.

         But I look at it differently.  I say “peace through strength.”  They were sitting there.  Nobody knew what to do with them.  They bought them.  But I believe in that very strongly.

         Q    On the EU —

         Q    Sir, do you have an update on your —

         Q    Sir, on the EU.  The — the European Union is talking about banning food imports from the U.S., kind of along the lines of your reciprocal tariffs.

         THE PRESIDENT:  Why is that?  Why?

         Q    They says it’s like the reciprocal tariffs.  They don’t like the (inaudible) —

         THE PRESIDENT:  That’s all right.  I don’t mind.  Let them do it.  Let them do it.  They’re just hurting themselves if they do that.  I can’t imagine it, but doesn’t matter.

         We’re having reciprocal tariffs.  Whatever they charge, we charge.  Very simple.

         If a certain country, like India, which is very high tariff — if they charge us X dollars, we charge them X dollars.  It’s all right.  It’s a fair — it’s a fair thing to do.  Even the media said it was fair.  And it’s going to be very good for the United States.

         Q    Do you have an update on your timing of your meeting with Putin in Saudi Arabia?

         THE PRESIDENT:  No, we — there’s no time set, but it could be very soon.

         Q    Like this — this month or —

         THE PRESIDENT:  Well, it’ll be soon.  We’ll see what happens.  But they’re meeting right now, and that’s more — I mean, this should have been done four years ago — three years ago, before it started.  But it should have been done immediately after it started, as opposed to now, three years later.

         Q    Sir, egg prices have reached an all-time high.  What’s your administra- —

         THE PRESIDENT:  Which is?  What?

         Q    Egg prices have reached an all-time high.

         THE PRESIDENT:  Well, there’s the flu.  And it was a long — before I ever got here, it was at an all-time — this didn’t st- — remember, I’ve been here for three weeks.  And when you saw the inflation numbers, I’ve been here for three weeks.  I have had nothing to do with inflation.  This was caused by Biden.
        
         I had four years of virtually no inflation.  So, I’m just taking over.

         But I’ll tell you what, this country has made more progress in the last three weeks than it’s made in the last four years, and we’re respected again as a country.

         Thank you very much.  Thank you.

                                  END                    4:07 P.M. EST

    MIL OSI USA News –

    February 18, 2025
  • MIL-OSI Russia: Joint Statement by the Saudi Finance Minister and IMF Managing Director at the conclusion of the Inaugural Al Ula Economic Conference for Emerging Market Economies

    Source: IMF – News in Russian

    February 17, 2025

    Al Ula, Saudi Arabia – February 17, 2025: A two-day inaugural annual global Conference on Emerging Market Economies was held in Al Ula, Saudi Arabia from February 16-17, co-hosted by the Saudi Finance Ministry and the International Monetary Fund (IMF). Mohammed Aljadaan, Finance Minister of Saudi Arabia, and Kristalina Georgieva, Managing Director of the IMF, made the following statement at the end of the conference:

    “We would like to thank Emerging Markets policymakers, academics, and representatives of the regional and international financial institutions for joining us and helping to make this first-ever Al Ula Economic Conference for Emerging Market Economies a successful forum for building greater collaboration and discussing the specific challenges facing emerging markets (EMs).

    “Over the past two days, we have discussed how emerging economies can navigate the risks and, importantly how they can embrace the opportunities ahead. One common emerging theme is the importance of unity of purpose and the need to continue working together to sustain EM economies’ resilience to shocks and sustain growth. Three takeaways to highlight:

     “First, this is a time of sweeping transformations—from technology to trade, or climate to capital flows. And these changes are reshaping the global economy. How all these changes will unfold remains to be seen. But we know that in a more uncertain and shock-prone world, building resilience through sound macroeconomic and financial policies must continue to be a priority.

    “Second, emerging markets are seizing these transformations to make their economies stronger. With widespread digitalization and ambitious policies, the prospects for harnessing the benefits of AI are promising. Tapping the potential of AI would enhance Emerging Market Economies’ productivity and resilience, but it will require reforms to boost investments in digital infrastructure and human capital. Deeper regional trade and financial integration would also be important.

    “Third, while these transformations offer great opportunities, we must work together to help avoid the very real risk of some countries falling behind. The first line of defense will of course be strong domestic policies and reforms to help seize these opportunities. But the international community can also support countries and reduce the risk of growing divergence.

    “We are proud to have co-hosted the first global forum that is focused solely on the economic prospects for Emerging Market Economies and we look forward to continuing the discussions in the year ahead and at the second Al Ula conference next year.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/02/17/pr-25039-saudi-arabia-joint-statement-by-the-saudi-finance-minister-and-imf-md

    MIL OSI

    MIL OSI Russia News –

    February 18, 2025
  • MIL-OSI: Yael Eckstein, IFCJ President, Announces Completion of 2024 Salary and Compensation Audit

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 17, 2025 (GLOBE NEWSWIRE) — The International Fellowship of Christians and Jews (IFCJ), a global nonprofit dedicated to humanitarian aid and strengthening Christian-Jewish relations, has completed its 2024 Salary and Compensation Audit. The independent audit, conducted by Willis Towers Watson (WTW), provides a comprehensive evaluation of executive compensation to ensure alignment with industry standards and responsible financial stewardship.

    Image by International Fellowship of Christians and Jews

    WTW, a global leader in advisory, brokering, and HR solutions, assessed total remuneration for four key executive positions, including IFCJ’s President and CEO. The review examined base salaries and total cash compensation, incorporating annual incentive awards, to benchmark IFCJ’s pay structures against those of comparable nonprofit organizations.

    The audit confirmed that IFCJ’s compensation practices are fair, competitive, and in line with best practices within the nonprofit sector.

    “Financial accountability and responsible donor stewardship are at the core of our mission,” said Robin Van Etten, IFCJ’s U.S. CEO and Global Chief Operating Officer. “This audit reaffirms our commitment to transparency, ensuring that our compensation structures—particularly for our President and CEO, Yael Eckstein—remain competitive while reflecting the values and responsibilities of our organization.”

    The analysis considered multiple data points, including:

    • Compensation benchmarks from recognized salary surveys and industry sources
    • Role-specific responsibilities and nonprofit sector trends
    • Financial indicators, including IFCJ’s 2024 budgeted revenue
    • Adjustments for inflation and projected nonprofit executive merit increases

    The audit findings further demonstrate IFCJ’s commitment to maintaining transparency and ethical financial practices.

    “Trust is the foundation of our work, and this independent review reinforces our dedication to managing donor contributions responsibly,” said Yael Eckstein, IFCJ’s President and CEO. “We remain focused on our mission to provide humanitarian aid, support Israel, and build bridges between Christian and Jewish communities worldwide.”

    Detailed financial reports and audited statements for IFCJ are available upon request through IFCJ’s Donor Services Department at (800) 486-8844.

    About the International Fellowship of Christians and Jews
    For over 40 years, IFCJ has been a leading nonprofit fostering cooperation between Christians and Jews while providing critical aid to Israel and Jewish communities worldwide. In 2023, IFCJ provided humanitarian assistance to over two million people, supported aliyah efforts, and strengthened Israel’s security infrastructure. To learn more, visit www.ifcj.org.

    About Yael Eckstein
    As President and CEO of IFCJ, Yael Eckstein leads the organization’s global efforts, oversees programs, and serves as its international spokesperson. A respected leader in the nonprofit sector, she has been recognized on multiple occasions as one of the “50 Most Influential Jews” by The Jerusalem Post and is a recipient of the publication’s Humanitarian Award. Yael resides in Israel with her family.

    Media Contact:

    International Fellowship of Christians and Jews (IFCJ)
    press@ifcj.org
    https://www.ifcj.org/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/707a4525-bbba-4c01-9469-bc9418fd89f1

    The MIL Network –

    February 18, 2025
  • MIL-OSI Economics: Joint Statement by the Saudi Finance Minister and IMF Managing Director at the conclusion of the Inaugural Al Ula Economic Conference for Emerging Market Economies

    Source: International Monetary Fund

    February 17, 2025

    Al Ula, Saudi Arabia – February 17, 2025: A two-day inaugural annual global Conference on Emerging Market Economies was held in Al Ula, Saudi Arabia from February 16-17, co-hosted by the Saudi Finance Ministry and the International Monetary Fund (IMF). Mohammed Aljadaan, Finance Minister of Saudi Arabia, and Kristalina Georgieva, Managing Director of the IMF, made the following statement at the end of the conference:

    “We would like to thank Emerging Markets policymakers, academics, and representatives of the regional and international financial institutions for joining us and helping to make this first-ever Al Ula Economic Conference for Emerging Market Economies a successful forum for building greater collaboration and discussing the specific challenges facing emerging markets (EMs).

    “Over the past two days, we have discussed how emerging economies can navigate the risks and, importantly how they can embrace the opportunities ahead. One common emerging theme is the importance of unity of purpose and the need to continue working together to sustain EM economies’ resilience to shocks and sustain growth. Three takeaways to highlight:

     “First, this is a time of sweeping transformations—from technology to trade, or climate to capital flows. And these changes are reshaping the global economy. How all these changes will unfold remains to be seen. But we know that in a more uncertain and shock-prone world, building resilience through sound macroeconomic and financial policies must continue to be a priority.

    “Second, emerging markets are seizing these transformations to make their economies stronger. With widespread digitalization and ambitious policies, the prospects for harnessing the benefits of AI are promising. Tapping the potential of AI would enhance Emerging Market Economies’ productivity and resilience, but it will require reforms to boost investments in digital infrastructure and human capital. Deeper regional trade and financial integration would also be important.

    “Third, while these transformations offer great opportunities, we must work together to help avoid the very real risk of some countries falling behind. The first line of defense will of course be strong domestic policies and reforms to help seize these opportunities. But the international community can also support countries and reduce the risk of growing divergence.

    “We are proud to have co-hosted the first global forum that is focused solely on the economic prospects for Emerging Market Economies and we look forward to continuing the discussions in the year ahead and at the second Al Ula conference next year.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI United Nations: Secretary-General Strongly Condemns Attack on United Nations Peacekeepers Near Beirut Airport

    Source: United Nations 4

    The following statement was issued today by the Spokesman for UN Secretary-General António Guterres:

    The Secretary-General strongly condemns the attack on a United Nations Interim Force in Lebanon (UNIFIL) convoy near Rafik Hariri International Airport, Beirut on 14 February, in which several peacekeepers were injured by a group of protestors on the main road to the airport.  A UNIFIL vehicle was also set ablaze.

    Such attacks are absolutely unacceptable.  The perpetrators must be held accountable.  The safety and security of UN personnel and property must be respected at all times.  Attacks against peacekeepers are in breach of international law, including international humanitarian law as applicable, and may constitute war crimes.

    Our blue helmets are continuing to work in Lebanon to support the parties to uphold their obligations under Security Council resolution 1701 (2006).

    Pursuant to resolution 1701 (2006), UNIFIL must be allowed unrestricted freedom of movement throughout Lebanon in the implementation of its mandated activities.

    The Secretary-General again urges the parties to uphold their obligations and work towards the full implementation of  resolution 1701 (2006) and its ultimate goal, a permanent ceasefire between Lebanon and Israel.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI Economics: Christodoulos Patsalides: The Central Bank of Cyprus agenda – strategic vision and priorities

    Source: Bank for International Settlements

    Introduction – Strategic Vision Statement and Elaboration

    Distinguished guests, esteemed colleagues,

    I would like to extend my sincere thanks to the organizers of the 12th Banking Forum and Fintech Expo for bringing us together for this important exchange of ideas and insights.

    It is my privilege to have today the opportunity to present the strategic vision and priorities of the Central Bank of Cyprus. In an ever-evolving global and digital economy, we are committed to leading the way in fostering a resilient, innovative, and sustainable financial sector for Cyprus. Our agenda focuses on embracing digital transformation, ensuring robust governance, addressing societal and environmental challenges, and safeguarding financial stability.

    Today, I will outline our key priorities, including advancements in the digital economy, the evolving role of digital payments, the potential introduction of a digital euro, and the regulatory frameworks that ensure responsible governance and societal considerations in our financial systems. Through these efforts, we aim to strengthen Cyprus’ position as a dynamic player within the European financial landscape.

    Cyprus Economy

    To ground our strategic vision, we must first examine the economic landscape in which the Cyprus economy operates. With its key sectors-ICT (Information Communication Technology), tourism, trade, shipping, and construction-, the economy has demonstrated resilience and adaptability despite the consecutive significant geopolitical challenges, including the ongoing conflicts in Ukraine and the Middle East. In recent years, Cyprus has achieved robust growth rate well above the EU average and maintained a strong fiscal position, consistently posting surpluses that have bolstered public finances. As a result, international rating agencies have upgraded their ratings well within the investment grade, highlighting our sound economic management, fiscal discipline, and reforms in the banking sector.

    Banking Sector in Cyprus

    Building on the strength of our economy is the Cypriot banking sector, which has built up remarkable resilience and robustness despite a series of unprecedented and successive crises in recent years. The sector’s solvency, as indicated by the Common Equity Tier 1 (CET1) ratio, rose to 23,5% in the third quarter of 2024, achieving its highest level on record and significantly surpassing the European average of 16,0%. Additionally, the Liquidity Coverage Ratio (LCR)-a key indicator of credit institutions’ capacity to withstand severe liquidity stress-reached 336% in September 2024. This level exceeds the regulatory minimum of 100% by more than threefold and stands well above the European average of 161,4%. The non-performing loan (NPL) ratio fell to 6,5% in the third quarter of 2024, marking its lowest level since 2014, when the NPL definition was standardized across the European Union.

    However, there is no room for complacency as macroeconomic uncertainty, geopolitical risks, and emerging threats like cyber and climate risks grow. Banks must adapt quickly to identify and address these evolving challenges effectively. Moreover, technological advancements bring about a new landscape in which banks are called upon to compete. The pursuit of an appropriate business model is key.

    Digital Economy and Global Digital Trends

    As we look toward the future, the digital economy emerges as a defining feature of global trends. Technology has the ability to sustain and improve our standards of living and the long-term productivity of our economy. Examples of innovative technologies used in financial services (usually referred to as FinTech) include artificial intelligence, cloud computing, digital wallets, big data analytics and biometrics. These technologies have been applied to improve customer service, automate payments, reengineer business processes, detect suspicious activity, and assist with customer profiling and digital onboarding. However, we are yet to see the realization of potential in other promising new technologies such as distributed ledger technology (DLT), smart contracts and tokenization.

    As technology becomes more widespread in our evolving digital economy, cyber risk and data security continue to be by far the most prominent driver of operational risk for banks. Technological advances with increased sophistication, growing reliance on digital solutions, but also growing capabilities of cyber offenders, have all resulted in enhanced risk exposure for banks, including vulnerability to sophisticated cyber-attacks. Cyber risk is often driven by geopolitical risk, thus raising overall risk to a much higher level. Supervising these risks remains one of our priorities.

    To take full advantage of the potential of innovative technologies responsibly while managing risks, common supervisory and regulatory approaches are essential. The EU has introduced key legislation such as DORA, PSD3, FiDA, MiCAR, and the AI Act, which aim to strengthen financial sector resilience and boost consumer and investor confidence by guiding responsible innovation. Recognizing the evolving market dynamics, the Central Bank of Cyprus has established an Innovation Hub to foster dialogue with fintech stakeholders and support domestic financial innovation.

    Digital Payments in Cyprus

    A key element of the digital economy is the rapid rise of digital payments. We find ourselves in an era where digital transformation is reshaping economies, and Cyprus is no exception. One of the most prominent trends is the proliferation of digital payments, which now capture around 96% of cashless payments. At the same time, preference for cash payments is shrinking, as evidenced by a remarkable decline of 11% since 2022 that placed Cyprus at the top of euro area countries. Cypriots use cards 1,3 times more frequently than their European peers, while our contactless card payments capture more than half of all card payments consistently since 2022. This reflects the readiness of local businesses to accept cards and to opt for terminals that embed Near-Field-Technology. 

    In the same vein, e-commerce exhibits gradual expansion, manifested by online purchases via cards almost doubling over a six-year period to 28% of the total of card payments. It is indeed remarkable that the use of mobile phones for online purchases has almost reached one quarter of the total, outperforming the EU average which stands at 16%.

    As of the 9th of January of this year, instant payments have become a reality for all banking participants. This signifies that account-to-account payments can be effected at the speed that people demand in the digital and social media age: transmission within 10 seconds, with immediate access to funds on a 24/7/365 basis, as opposed to the current 1-2 days waiting time. Consumers and businesses will reap the benefits in the months to come. 

    Electronic Money Institutions & Payments Institutions

    E-money payments are gaining traction, driven by opportunities in fintech, e-commerce, and digital payments. Having licensed 4 electronic money institutions this year, the Central Bank of Cyprus now supervises 27 electronic money institutions and 11 payment institutions. 

    As part of our broader strategic agenda, we are committed to drawing on international experience in supporting the Central Bank of Cyprus in refining its approach for regulating, licencing and supervising Electronic Money Institutions (EMIs) and Payment Institutions (PIs) in Cyprus.

    In December, the CBC, announced the establishment of a comprehensive licensing and supervisory strategy for the sector of these institutions.

    For the development of this strategy, the CBC appointed an international consultancy firm whose experts, in collaboration with CBC staff, conducted an analysis of the sector and its inherent risks.

    The objective of the new strategy is to pursue the prudent and sustainable growth of the sector. Among other measures, the strategy includes:

    • The enhancing and enriching of the licensing processes for institutions applying to participate in the sector.
    • The Strengthening of the supervision of institutions by implementing a risk-based supervisory approach for each institution and enriching supervisory tools. 
    • And the adoption of best practices for the operation of the sector.

    To achieve these objectives, a Division for the Supervision of Electronic Money and Payment Institutions is being established, which will henceforth undertake the prudential supervision of the sector.

    Digital Euro

    Moving on to the digital euro, I will give a brief status update from last year’s forum. As legislative negotiations continue in Brussels, the Eurosystem is progressing through the first part of the preparation phase for the digital euro, focusing on calibrating the holding limits without compromising financial stability or bank intermediation as the banks will retain their role vis-à-vis their customers. The ECB continues to rapport with the market, with specific holding entitlements to be defined later. The rulebook formulation, developed with stakeholder input, will set standards for future digital euro distributors, leveraging existing frameworks for cost efficiency and allowing flexibility for innovation. Consumers and businesses prioritize functionalities like conditional payments and effortless bill-splitting, guiding expectations for future services.

    Moving on to the platform and infrastructure preparations, the ECB is now selecting candidates from its recent application process and plans to enhance engagement with distributors to ensure readiness for the potential issuance and successful distribution of the digital euro, if and when the decision to issue is made.

    Allow me to take a moment to refer to our efforts at raising awareness within our market through various communication channels, targeting the general public, the business community, and financial institutions. Aside from articles that we regularly publish in the press and on professional social networking platforms, we invite various stakeholder groups to the CBC premises. Last July we gave a press conference with Mr Piero Cipollone, member of the Executive Board of the European Central Bank, as keynote speaker. In November we held a focus session with business associations and their members, and in December we presented a thorough status update of the project to the members of our National Payments Committee. Last but not least, the Central Bank of Cyprus participates in panel discussions and presents the digital euro project at various local and international conferences.

    ESG Regulatory Landscape: Governance, Society, and Climate Change

    A. Governance

    As we embrace these innovations, we remain steadfast in our commitment to strong governance. Governance, a core pillar of ESG, is crucial in enhancing transparency, accountability, and ethical standards in financial institutions. Strong governance enables sound lending decisions, reduces conflicts of interest, and ensures compliance with regulations including the updated Directive on Corporate Sustainability and ESG provisions in the recently enacted CRD 6, protecting institutional reputation and minimizing financial risks.

    B. Encompassing Society Considerations in Business Activity: Financial Conduct

    Social factors, including diversity, labour practices, community engagement, and adherence to human rights standards, are also vital for modern credit institutions. Embedding diversity in governance and fair pricing in operations fosters trust among stakeholders, promotes financial inclusion, and enhances institutional resilience, strengthening reputation and market standing.

    C. Climate Change – CBC Initiatives

    The Central Bank of Cyprus actively engages in thematic reviews, stress tests, and in-depth analyses led by the European Central Bank to assess institutions’ preparedness on climate risk and its integration into their strategy, governance, risk management and disclosures. This supervision helps ensure credit institutions speed up their preparations to manage ESG risks while meeting necessary sustainability and resilience standards. Additionally, the smaller institutions, directly supervised by us, were requested to develop implementation plans, with specific milestones, in order to advance the management of climate related risks, in line with the ECB’s 13 supervisory expectations which stipulate how banks should integrate climate and environment risks into their business models and strategies, governance and risk appetite.

    Beyond what is expected from the supervised institutions, the Central Bank of Cyprus has set up internally a Sustainability Team, aiming to support the CBC in addressing climate change in line with its mandate to maintain price stability, safeguard financial stability, supervise banks and support the general economic policy of the State, while also contributing to the target of net zero carbon emissions, and the continuation of strong governance. The recent visit of Mr Frank Elderson, member of the ECB’s Executive Board and Co-Chair of the Task Force on Climate-related Financial Risks of the Basel Committee on Banking Supervision touched upon these issues as well.

    Concluding remarks

    Let me now conclude: the strategic vision of the Central Bank of Cyprus is built on the pursuit of price stability and financial stability in its capacity as the macroprudential authority of the country. By embracing the digital economy, ensuring robust governance, and addressing climate change, we are positioning Cyprus as a forward-looking financial hub in Europe. Together, we will navigate the challenges and opportunities of the future, ensuring stability and prosperity for all.

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Economics: Christodoulos Patsalides: Cyprus and the euro area – navigating growth, stability, and opportunities

    Source: Bank for International Settlements

    I would like to thank the Cyprus Shipping Chamber for giving me the opportunity to address this meeting today and discuss key economic developments. My remarks will begin with an overview of Cyprus’ economic performance. I will then discuss the notable progress achieved in the banking sector and underscore the critical role of the shipping industry in driving export revenues. Following this, I will turn to the broader economic outlook for the Euro Area, concluding with insights into the European Central Bank’s latest monetary policy decision on achieving price stability.

    Domestic economic outlook

    The Cypriot economy continues to exhibit robust growth, despite facing persistent external challenges in a turbulent and uncertain global environment. Geopolitical risks, such as the ongoing war in Ukraine, conflicts in the Middle East, and rising international tensions, have elevated economic uncertainty.

    Amidst these conditions, the Cypriot economy has consistently demonstrated remarkable resilience and flexibility. This is clearly reflected in its recent upgrades by credit rating agencies to the “A” category, further cementing its reputation in international financial markets. These upgrades underscore the growing confidence in Cyprus’s fiscal policies and the solid outlook for its economic and banking systems.

    Improved fiscal performance has been a cornerstone of these positive developments. Public debt has been reduced significantly, declining from 114% of GDP in 2020 to 74% in 2023, highlighting disciplined financial management. Projections from the Ministry of Finance indicate that this downward trajectory will continue, with public debt expected to fall below 50% of GDP by 2028. This progress strengthens fiscal sustainability and enhances the country’s ability to respond to future challenges, reflecting a strong commitment to long-term economic stability.

    According to the December 2024 projections of the Central Bank of Cyprus (CBC), economic growth for 2024 is expected to reach 3.7%, significantly higher than the projected Eurozone average of 0.7%. The expansion of productive sectors such as technology, trade, tourism, financial and professional services, shipping, and construction-particularly large private sector infrastructure projects-has been a key driver of growth.

    For the period 2025-2027, GDP is expected to grow by approximately 3% annually, driven primarily by a projected increase in domestic demand and, to a lesser extent, external demand. Domestic demand is expected to be supported by a rise in private consumption due to the increase in real disposable household income and the continued resilience of the labour market. Additionally, domestic demand will benefit from ongoing large-scale private non-residential investments, infrastructure projects aimed at supporting digital and green development, and other reform projects under the Recovery and Resilience Plan.

    Regarding the shipping sector in particular, our small island has a maritime history spanning hundreds of years, and it is rightly is considered as one of the main pillars of the Cypriot economy. The country’s maritime industry considerably contributes directly and indirectly to the country’s GDP. Based on 2023 data, the shipping sector ranks third with a share of 17.2% to the total value of exports of services, after the Information and Communication Technology sector, the financial services and the tourism sectors, with shares of 30.2%, 20.3% and 11,5% respectively. In view of the aforementioned figures, it is evident that the sector managed to stay focused and strong despite the unprecedented challenges faced in the last few years, namely the covid pandemic, the wars in Ukraine and Gaza as well as the tensions in the Red Sea. 

    The strength of the labour market further reinforces this positive narrative. Unemployment has declined to 5% in the first nine months of 2024, compared to 5.8% in 2023. It is projected to remain at 5% for the full year and to fall further to 4.6% by 2027, approaching levels indicative of full employment. These figures compare favourably to the euro area, where unemployment is forecast to stabilize at 6.1% by 2027.

    On the prices front, inflationary pressures have eased significantly, with inflation dropping to 2.2% in the first eleven months of 2024, compared to 4.1% in the same period of 2023. According to the CBC’s December 2024 projections, inflation is expected to stabilize near the 2% medium-term target, reaching 1.9% in 2025, 2.1% in 2026, and 2.0% in 2027.

    The Cyprus banking sector

    The Cyprus banking sector has demonstrated tangible progress and resilience, with key financial metrics reflecting a strong and sound performance. A primary indicator of this strength is the solid improvement in terms of solvency, with the Common Equity Tier 1 (CET1) ratio increasing from 21.5% in December 2023 to 23.5% in September 2024. This increase marks the highest CET1 ratio in the Union, surpassing the EU average of 16.0%.

    Despite the challenges posed by consecutive crises, no tangible signs of credit quality deterioration are observed up to this point. In fact, the Non-Performing Loans (NPL) ratio has continued its positive downward trend. As of September 2024, the NPL ratio stands at 6.5%, a marked improvement from 7.9% in December 2023. This reduction reflects the sector’s ongoing commitment to addressing legacy issues, bolstering the financial health of the asset side of its balance sheet, and reinforcing its capacity to support economic recovery. Yet, there is still some way to go, particularly considering that the average NPL ratio of the EU sector stands as of September 2024 at 1.9%. Furthermore, the improvement within the Cyprus banking sector has not been homogeneous across all institutions, with certain banks lagging behind. These institutions must therefore accelerate their efforts to align with the sector-wide advancements.

    Profitability metrics have been robust, with the Return on Equity (RoE) reaching 23.2% in September 2024 as opposed of 11,1% of the EU average. Operational efficiency has improved as the cost-to-income ratio declined to 35.5%, a notable reduction from previous years and lower than the EU average of 53%.

    Cyprus banks also exhibit some of the highest liquidity standings in the EU, reinforcing their ability to meet potential liquidity demands. The Liquidity Coverage Ratio (LCR), a measure of a bank’s ability to withstand large liquidity outflows under a stressed period, stands as of September 2024 at 336%, compared to the EU average of 161% and minimum requirement of 100%. Furthermore, the Net Stable Funding Ratio (NSFR), which assesses the stability of a bank’s funding base, stands also high at 187%, surpassing both the EU average of 127% and the minimum regulatory requirement of 100%. The Cypriot banking sector is thus well-positioned to face potential market disruptions and continue driving economic stability.

    Through the first 11 months of 2024, Cypriot banks granted €3.3 billion in new loans to households and non-financial corporations (NFCs), surpassing the already high €2.9 billion provided during the same period in 2023. A negative side effect of a strongly liquid banking sector in a small country is the slow adjustment of interest rates in response to ECB monetary policy actions. Banks must exhibit responsible pricing policies in the face of reputation risk and the need to support the competitiveness of the economy.

    Looking to the future, the banking sector faces challenges such as adapting to AI, mitigating cyber risks, addressing geopolitical uncertainties, and transitioning to a greener economy. Tackling these priorities is essential for sustaining the sector’s positive trajectory and remains central to our supervisory agenda.

    Economic Developments in the Euro Area

    The risks to economic growth continue to lean towards the downside. Increased disruptions in global trade may hinder euro area growth by suppressing exports and slowing the global economy. Additionally, reduced confidence could delay the recovery of consumption and investment beyond current expectations. The ECB’s December projections estimate economic growth of 0.7% in 2024, 1.1% in 2025, 1.4% in 2026, and 1.3% in 2027. This recovery is expected to be driven primarily by rising real incomes, which should enable households to boost consumption, alongside increased investment by firms.

    On the price front, euro area inflation rose to 2.4%, in December 2024, up from 2.2% in November, primarily driven by increased energy costs but this was expected due to energy-related upward base effects.

    Despite the upticks in recent months, the disinflation process is well on track. ECB Staff see headline inflation averaging 2.4 per cent in 2024, 2.1 per cent in 2025, 1.9 per cent in 2026 and 2.1 per cent in 2027 when the expanded EU Emissions Trading System becomes operational. Services inflation continues to be sticky at around 4%, largely stemming from the delayed catch-up adjustment of certain services prices to past inflation surges and ongoing wage pressures. At the same time, recent signals point to continued moderation in wage pressures and to the buffering role of profits.

    Inflation is expected to fluctuate around its current level in the near term. It should then settle sustainably at around the two per cent medium-term target. Easing labour cost pressures and the continuing impact of past monetary policy tightening on consumer prices should help this process. Most measures of longer-term inflation expectations continue to stand at around 2 per cent.

    ECB Monetary Policy

    Based on our updated assessment of the inflation outlook, underlying inflation dynamics, and the effectiveness of monetary policy transmission, we decided at our January Governing Council meeting to further reduce the three key ECB interest rates by 25 basis points. This adjustment brought the deposit facility rate-the primary tool for steering our monetary policy stance-to 2.75%

    Overall, the euro area’s economic environment remains intricate, with the risks to economic growth tilted to the downside and with both upside and downside risks to inflation present. The ECB continues to navigate these challenges through measured, careful adjustments in its monetary policy stance. Growth is a factor influencing inflation dynamics. It is crucial to ensure that the economy does not grow too slowly, as this could lead to inflation stabilizing below the target. As we move forward, in the current environment of elevated uncertainty stemming from potential global trade frictions and geopolitical tensions, the ECB’s prudent data-dependent meeting by meeting approach shall continue to be important in addressing the evolving economic conditions within the euro area to ensure the timely return to the inflation target in a sustainable manner. The ECB is not pre-committing to a particular rate path.

    Conclusion

    Let me now conclude: the Cypriot economy has shown resilience and adaptability, supported by strong performance, prudent fiscal policies, and a stable financial system, with key contributions from banking and shipping. As one of the pillars of our economy, the shipping sector continues to demonstrate global competitiveness and innovation, further strengthening Cyprus’s position as a leading maritime hub. Looking ahead, challenges like climate change and geopolitical risks demand strategic foresight, but Cyprus is well-prepared to sustain growth.

    At the Euro Area level, the economic outlook balances risks and opportunities, with the ECB ensuring price stability and sustainable growth through proactive, data-driven policies. By remaining data-driven and proactive, we can ensure that the monetary framework across the region remains resilient and responsive to evolving global dynamics.

    Thank you.

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Global: Who are Ismaili Muslims and how do their beliefs relate to the Aga Khan’s work?

    Source: The Conversation – USA – By Shariq Siddiqui, Assistant Professor of Philanthropic Studies, Indiana University

    Prince Karim Aga Khan at an event on Oct. 2, 2019, in London. Max Mumby/Indigo/Getty Images

    Prince Karim Aga Khan, who died on Feb. 4, 2025, served as the religious leader of Ismaili Muslims around the world since being appointed as the 49th hereditary imam in 1957. He came to be known around the world for his enormous work on global development issues and other philanthropic work.

    The Ismaili community considers the imam a direct descendant of the Prophet Muhammad. Ismaili Muslims are considered to be a branch of Shiite Islam. They constitute the second-largest community within the Shiite sect.

    An estimated 15 million Ismaili Muslims live in 35 countries, across all parts of the world. In the U.S., with around 40,000 Ismailis, Texas has the largest concentration of the community.

    As a scholar of Muslim philanthropy, I have long been impressed by the philanthropic and civic engagement of the Ismailis.

    Ismaili religious beliefs

    Following the death of the Prophet in A.D. 632, differences emerged over who should have both political and spiritual control over the Muslim community. A majority chose Abu Bakr, one of the Prophet’s closest companions, while a minority put their faith in his son-in-law and cousin, Ali. Those Muslims who put their faith in Abu Bakr came to be called Sunni, and those who believed in Ali came to be known as Shiite.

    Like other Shiite sects, Ismailis believe that Ali should have been selected as the successor of the Prophet Muhammad. They also believe that he should have been followed by Ali’s two sons – the grandsons of Muhammad through his daughter Fatima.

    The key difference among other Shiites and Ismailis lies in their lineage of imams. While they agree with the first six imams, Ismailis believe that Imam Ismail ibn Jafar was the rightful person to be the seventh imam, while the majority of Shiites, known as Twelvers, believe that Imam Musa al-Kazim, Ismail’s younger brother, was the true successor. They both agree that Ali was the first imam and on the next five imams, who are direct descendant of Ali and Fatima.

    The Ismaili sect split into two branches in 1094. Aga Khan was the leader of the Nizari branch, which believes in a living imam or leader. The second branch – Musta’lian Tayyibi Ismailis – believes that its 21st imam went into “concealment”; in his physical absence, a vicegerent or “da’i mutlaq” acts as an authority on his behalf.

    Like all Muslims, Ismailis believe that God sent his revelation to the Prophet Muhammad through Archangel Gabriel. However, they differ on other interpretations of the faith. According to the Ismailis, for example, the Quran conveys allegorical messages from God, and it is not the literal word of God. They also believe Muhammad to be the living embodiment of the Quran. Ismailis are strongly encouraged to pray three times a day, but it is not required.

    Ismailis believe in metaphorical, rather than literal, fasting. Ismailis believe that the esoteric meaning of fasting involves a fasting of the soul, whereby they attempt to purify the soul simply by avoiding sinful acts and doing good deeds.

    In terms of “Zakat,” or charity – the third pillar of Islam, which Muslims are required to follow – Ismailis differ in two ways. They give it to the leader of their faith, Aga Khan, and believe that they have to give 12.5% of their income versus 2.5%.

    Pluralism and its embrace

    Ismaili history has a strong connection to pluralism – part of their philosophy of embracing difference. The Fatimid Empire that ruled over parts of North Africa and the Middle East from 909 to 1171 is said to have been a “golden age of Ismaili thought.”

    It was a pluralistic community, in which Shiite and Sunni Muslims, as well as Christian and Jewish communities, worked together for the success of the flourishing empire, under the rule of the Ismaili imams.

    In the modern period, Ismailis have sought to further pluralism within their own communities by arguing that pluralism goes beyond tolerance and requires people to actively engage across differences and actively embrace difference as a strength. For example, Eboo Patel, an Ismaili American, has established the nonprofit Interfaith America as a way to further pluralism among faith communities.

    The Aga Khan’s philanthropic work

    Prince Karim Aga Khan established the Aga Khan Development Network and Aga Khan Foundation in 1967.

    Some 53 nurses and 98 midwives from Ghazanfar Institute of Health Sciences, supported by The Aga Khan University in Karachi, Pakistan, and the United States Agency for International Development, attend a graduation ceremony in Kabul, Afghanistan, on March 29, 2009.
    Massoud Hossaini AFP via Getty Images

    The network supports health care, housing, education and rural economic development in underprivileged areas. The foundation is one of nine agencies of the network that focuses on philanthropy. The Aga Khan Development Network has hospitals serving the poor in several parts of the world. The Aga Khan Medical University in Karachi, Pakistan, is considered to be a leading medical school globally.

    While previous imams or leaders also led charity and development projects, the Aga Khan was the first to create a formal, global philanthropic foundation.

    The Aga Khan Foundation operates in countries with Ismaili populations or historical connections to the Ismaili community, such as Afghanistan, Egypt, India, Kenya, Kyrgyzstan, Madagascar, Mozambique, Pakistan, Portugal, Syria, Tajikistan, Tanzania and Uganda. The foundation also has offices in Australia, Canada, the United Kingdom and the United States, focusing primarily on raising funds and advocating for the foundation.

    According to the foundation, in 2023 it served over 20 million people through 23,310 civil society partner organizations.

    The Ismaili community will now be led by the Aga Khan’s eldest son, Rahim Al-Hussaini, as the 50th imam. He has been actively involved with the Aga Khan Development Network and is expected to continue the important philanthropic and development work of his global community.

    Shariq Siddiqui does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Who are Ismaili Muslims and how do their beliefs relate to the Aga Khan’s work? – https://theconversation.com/who-are-ismaili-muslims-and-how-do-their-beliefs-relate-to-the-aga-khans-work-249318

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI Global: What does the US public think about sending troops to foreign wars? Here’s what the evidence shows

    Source: The Conversation – UK – By Dafydd Townley, Teaching Fellow in International Security, University of Portsmouth

    The US public’s commitment to sending its sons and daughters to war has declined in recent years. Polls suggest that US involvement in modern conflicts is more likely to be viewed as mistaken than in the early and middle parts of the 20th century. Today, around 47% of Americans consider the Iraq war a mistake, and 43% feel the same about the war in Afghanistan.

    Recent announcements by the US president, Donald Trump, about the possibility of using US forces as part of his Gaza strategy is unlikely to improve those figures.

    On February 4, Trump proposed that the US effectively take control of the Gaza Strip and rebuild the area into what he has called the riviera of the Middle East.

    When he was asked at a press conference whether he would be willing to use US troops to secure the region, Trump answered that “as far as Gaza is concerned, we’ll do what is necessary. If it’s necessary, we’ll do that. We’re going to take over that piece that we’re going to develop it”.

    Trump walked back on that initial claim of the use of military personnel just days later, stating that the US military force would be unnecessary. “The Gaza Strip would be turned over to the United States by Israel at the conclusion of fighting,” adding that “No soldiers by the U.S. would be needed! Stability for the region would reign!” But others have suggested a US military presence would have to be involved.

    Putting US troops on the ground would fly in the face of current American public opinion. In a survey taken on February 12, only a quarter of those polled supported the prospect of US troops being sent to the region, and just over half (52%) of Republicans disapproved of the plan.

    Less than 25% of Americans supported the US taking ownership of the Gaza Strip, while 62% showed opposition to it. Less than half (46%) of Republican voters polled expressed support while only 10% of Democrats showed any kind of enthusiasm for the initiative, according to the poll.

    Of those polled, the majority said they opposed all of Trump’s plans to expand US-controlled territory, whether that was the Panama Canal, Greenland, Canada, or Gaza.

    The lack of support from the US public in deploying troops overseas has been constant since the withdrawal from Afghanistan in 2021 – and the American public appears to be questioning US military involvement in world affairs more generally.

    In a poll taken by foreign policy thinktank Defense Priorities in February 2024, 56% of respondents were “very worried” or “somewhat worried” that the presence of US troops in Syria could escalate into a broader conflict in the region. Of those that opposed a US military presence in Syria, 66% felt that it was a waste of resources.

    And just last September, a Pew Research Center poll revealed that 75% of those polled were worried about the Israel-Hamas conflict expanding in the region and US troops becoming more directly involved.

    Recruitment ad for the US Marines.

    This lack of public support for US military involvement abroad, as well as the poor recent record of recruitment into the military, may be informing Trump’s negotiations in both Gaza, and over the Ukraine war.




    Read more:
    US kicks off debate on conscription as other Nato members introduce drafts


    While the US public shows high levels of respect for those who serve in the military, around 80% of American teenagers are not interested in military service, while 55% of adults and 67% of parents are not likely to recommend it as a career to teenagers.

    The US has tried numerous recent initiatives, including offering substantial bonuses to entice recruits to join up, but without much success. The army, navy and air force all failed to reach their target recruitment numbers in 2023.

    This week Trump opened early discussions with Vladimir Putin, and latterly Kyiv, over proposals for a Ukraine peace deal. In a meeting with European defense ministers in Brussels on February 12, the new US defense secretary Pete Hegseth ruled out the participation of US troops in any peacekeeping mission in Ukraine, although in an interview with the Wall Street Journal on February 13 vice-president JD Vance did not rule out using the military.

    Hegseth also said that the US was planning to pull back from its role in European security, sparking high levels of concern from many European leaders.

    Some Republican senators have not been particularly supportive of Trump’s Ukraine proposals, especially those that have backed Ukraine over the last three years.

    In an interview, Senate armed services chair, Roger Wicker, said that “there are good guys and bad guys in this war, and the Russians are the bad guys. They invaded, contrary to almost every international law, and they should be defeated. And Ukraine is entitled to the promises that the world made to it.” Republican Senator Mike Rounds joined Wicker in demanding that: “Russia be recognised for the aggressor that they are.”

    There’s a similar level of concern on Trump’s Gaza plan – even from Trump’s close allies in the party. Rand Paul, the libertarian senator for Kentucky, suggested this idea flew in the face of Trump’s foreign policy proposals espoused during the campaign.

    “I thought we voted for America First. We have no business contemplating yet another occupation to doom our treasure and spill our soldiers’ blood,” he wrote on X.

    It is unlikely that the majority of Republican voters would be supportive of Trump’s Gaza initiative (or sending troops to Ukraine). This is partly because of the demands that it would make on the federal government – but also because of the necessity of using armed forces to implement it.

    Trump’s recent controversial executive orders have barely damaged his early job approval ratings. But the deployment of armed forces to Gaza or Ukraine runs counter to a long-term significant decline in public support for US overseas military intervention and that might be a step too far for many voters.

    Dafydd Townley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. What does the US public think about sending troops to foreign wars? Here’s what the evidence shows – https://theconversation.com/what-does-the-us-public-think-about-sending-troops-to-foreign-wars-heres-what-the-evidence-shows-249419

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI Global: Too distracted to watch? Netflix has the perfect ‘second-screen’ show for you

    Source: The Conversation – Canada – By Daphne Rena Idiz, Postdoctoral fellow, Department of Arts, Culture and Media, University of Toronto

    Overly expository dialogue, repeating plot points and lots of voice-overs to narrate action help distracted viewers along. (Shutterstock)

    Netflix knows we’re on our phones while we watch TV. Recent articles discuss Netflix’s or streamers’ requests for creatives to produce content optimized for casual viewing, meaning intentionally scripted for distracted viewers.

    I’ve spent the last few years researching how Netflix shapes European screen production, a region where the streaming giant has invested billions in original content.

    I first encountered the concept of “second-screen shows” — created with distracted viewing in mind — in 2022.

    At the time, I was doing interviews with producers, showrunners, screenwriters and directors who had worked on European Netflix originals (due to confidentiality, they have been given pseudonyms here). Two of my interviewees described what they saw as very unusual feedback coming from Netflix executives: make a show that the audience can follow without looking at the screen.

    Recipe for a ‘second-screen show’

    So, how exactly do you make a second-screen show?

    One of my interviewees, Eleven, said that Netflix explicitly labels certain series “second-screen shows” and develops them as such. Another, Tokyo, shared their experience encountering similar directives:

    “[Netflix] basically said, ‘What you need to know about your audience here is that they will watch the show, perhaps on their mobile phone, or on a second or third screen while doing something else and talking to their friends, so you need to both show and tell, you need to say much more than you would normally say. […] You need your audience to understand what’s going on, even if they’re not looking at the screen.’”

    These series are designed around the viewing behaviours of their target audience, described by my interviewees as “younger” and “young adult” viewers.

    As Eleven explained, a Netflix executive would talk about how “in this show, we have to make sure that the points come through, even though kids are watching TikTok while they watch it.”

    Because Netflix knows a certain target audience will be “second-screening” these series, the streamer wants the show’s writing to facilitate this practice. Concretely, this means overly expository dialogue, repeating plot points and adding lots of voice-overs to narrate the action and help the distracted viewer follow along.

    Other sources cite examples where screenwriters were told to have characters announce what they’re doing and make the show less distracting from the viewer’s “primary screen” (their phone).

    Eleven joked about how if a character was sad, Netflix would ask to include a line of dialogue for the character saying, “I’m sad” with tears streaming down their face, while rain pours, and mournful violins play in the background.

    Here, the golden rule of screenwriting “show, don’t tell,” is cast aside for “show and tell” (and tell again). Joking aside, they reflected: “It saddens me, on behalf of great storytelling traditions.”

    The revival of casual viewing

    But are second-screen shows really the final nail in the coffin for prestige TV? The idea of casual or background viewing is not new.

    There is a long history of content targeting the distracted viewer.
    (Shutterstock)

    From soap operas to sitcoms to reality TV, there is a long history of content targeting the distracted viewer.

    Sometimes we’re just tired and need an easy watch. But these types of series are a far cry from the era of HBO-style Netflix, hyping itself as the home of quality TV, a place where showrunners could find unprecedented creative freedom.

    There is still a time and place for complex storytelling. But data suggests
    that over half of viewers in many national markets — including in India, the United Arab Emirates, Australia, the United States, Britain and Denmark — are periodically checking their phones while watching TV. And Netflix is creating shows that enable this ritual.

    ‘Cult’ of data

    Netflix’s strategy has always hinged on a granular understanding of its users. Netflix collects a huge amount of data on its subscribers and their viewing behaviors: what they’re watching, how, when, where and on what device. This information is used by teams of data scientists to not only improve Netflix’s personalization but also to help with decisions about what content to develop and how.

    Yet research suggests Netflix has really cultivated the “myth of big data,” flip-flopping over the years about how much data influences the creative process of Netflix productions.

    And while screen workers may resist what they sense about analytics as they participate in creative processes, ultimately, it is the executives greenlighting content who interpret data and choose how to use it.

    Geralt, another producer I interviewed, described how “whenever you talk to the algorithm people and the data people at Netflix, it feels like a cult. They talk about the algorithm like it’s a god, like ‘Well the algorithm tells us…’”

    One part of the content strategy

    With that said, it’s critical to take blanket statements about Netflix’s operations with a grain of salt.

    The behemoth operates in more than 190 countries, with offices in 30, housing different teams and producing content around the globe. It’s estimated that 589 new Netflix originals were added in 2024.

    Recent articles about “second screen” productions focused on the U.S. context, and my research did not seek to determine how many Netflix productions are made this way.

    Netflix’s goal these days, according to CEO Ted Sarandos, is to be “equal parts HBO and FX and AMC and Lifetime and Bravo and E! and Comedy Central.”

    Second-screen shows, it seems, are one part of this strategy.

    Outlook for storytellers

    It’s clear that viewing behaviours are driving changes in storytelling. But for screenwriters today, second-screen shows are only a symptom of bigger problems.

    Between a shrinking drama market and the competition for attention from platforms like YouTube and TikTok, streamers are investing a lot less in content than they used to. They’re also much more risk-averse with these investments.

    Even before now, producing for streamers brought its own set of challenges.

    Writer advocates with the 2023 TV writers strikes highlighted how streaming introduced new and exciting formats for TV writing, but also a new kind of precarity. And concerns continue to loom around how AI might impact creativity, career sustainability and IP rights.

    Last year, the Canadian Media Producers Association joined production organizations around the world in issuing a call for streaming regulation that underscores independence, IP rights and fair remuneration.




    Read more:
    Online Streaming Act: As we revisit Netflix support for Canadian content, it’s about more than money


    It’s no surprise the mantra across the media industries last year was “survive ‘til ’25.”

    As media creators become increasingly dependent on data-driven tech companies, they will continue producing content to the whims of executives following the holy algorithm.

    The next time you’re watching a Netflix show and feel the urge to scroll during another repetitive voice-over, the question is: Are some shows written like this because the audience is disengaged, or is the audience disengaged because shows are written like this?

    Daphne Rena Idiz does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Too distracted to watch? Netflix has the perfect ‘second-screen’ show for you – https://theconversation.com/too-distracted-to-watch-netflix-has-the-perfect-second-screen-show-for-you-249012

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI: BYD Energy Storage Signed World’s Largest Grid-scale Battery Storage Projects of 12.5GWh

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, Feb. 17, 2025 (GLOBE NEWSWIRE) — Recently, BYD Energy Storage and Saudi Electricity Company successfully signed the world’s largest grid-scale energy storage projects contracts with a capacity of 12.5GWh at the time. Combined with the previously delivered 2.6GWh project, the total cooperation now has amounted to a massive 15.1GWh of projects.

    The Project Kick-off Meeting

    This cooperation is a pivotal stride towards advancing Saudi Arabia’s renewable energy industry and aligning with the ambitious goals set forth in Saudi Arabia’s Vision 2030 initiative. In response to the pressing global climate challenges, SEC has been steadfast in its commitment to reshaping Saudi Arabia’s energy landscape and spearheading exploration in renewable energy, driven by the Kingdom’s ambition to achieve its optimal energy mix of 50% of renewables by 2030.

    The BESS equipment in the projects will be installed at five sites in the country. BYD Energy Storage will supply new-generation MC Cube-T ESS that adopt its globally pioneering CTS (Cell-to-System) super-integrated technology, with a Vcts (proportion of cell volume to system volume) index exceeding 33%. These installations will integrate into Saudi Arabia’s power transmission network, playing a pivotal role in addressing challenges posed by the rising number of renewable energy generation systems, ensuring stable power supply, and meeting peak energy demands.

    17 years ago, the first pilot BESS system was delivered from BYD to the market to seek for the potential value of LFP-based battery storage system to be coupled in electricity network system. To date, BYD Energy Storage has delivered over 75GWh of BESS equipment to 350 projects spanning more than 110 countries and regions worldwide. Its diverse product portfolio caters to various application scenarios across generation side, utility side and consumption side, forming a complete industrial chain encompassing research, development, manufacturing, sales, and service. BYD Energy Storage proved itself to be well-equipped to supply an ultra-large-scale project exceeding 15.1GWh.

    This landmark project will redefine the value and status of electrochemical energy storage solutions in the global energy landscape. Taking this cooperation as a new starting point, BYD Energy Storage will continue to increase investment in technology research and development and join hands with global partners to usher in a new era of energy transition, leading the energy storage industry towards a clean and sustainable future.

    Links:
    www.bydenergy.com
    www.bydglobal.com

    Media Contact:
    Qifen Zhong
    zhong.qifen@fdbatt.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/de81db5a-c23a-4e43-85ae-89dc133ea635

    The MIL Network –

    February 18, 2025
  • MIL-Evening Report: Hamas, PIJ slam Israel’s ‘barbaric’ raid on Palestinians at Ofer Prison

    Asia Pacific Report

    Two Palestinian resistance groups have condemned “the brutal assault” on prisoners at Ofer Prison, saying it was “barbaric criminal behaviour that reflects the fascist and terrorist nature of” Israel.

    In the joint statement, Hamas and Palestine Islamic Jihad (PIJ) called the attack a “miserable attempt” by Israel “to restore its shattered prestige”, reports Al Jazeera.

    They called on the world to expose “these inhuman crimes against the prisoners”, which “blatantly violate all international conventions and norms”.

    The statement called on the international community to intervene to protect the “prisoners, stop criminal violations against them, document them and work to hold the criminal occupation leaders accountable”.

    The statement came after Palestinian authorities said Israeli forces had raided a section of Ofer Prison, west of Ramallah in the occupied West Bank, and assaulted detainees.

    “Prisoners were beaten and sprayed with gas,” the Palestinian Prisoners Media Office said.

    Persistent serious allegations of torture and abuse of Palestinian prisoners — many who have not been charged or are held on administrative detention — and beatings right up until the release of detainees under the ceasefire have been made over all six exchange events so far.

    Medical director severely tortured
    Last week, lawyers representing Kamal Adwan Hospital’s medical director Dr Hussam Abu Safiya met him for the first time since he was detained by Israeli forces in north Gaza last December 27.

    He told them he was severely tortured with electric shocks and was being denied needed medication.


    Lawyer spells out torture allegations over Israeli detention of doctor.  Video: Al Jazeera

    Samir Al-Mana’ama, a lawyer with the Al Mazan Center for Human Rights, described his brutal torture in a failed attempt to “extract a confession” from him in an interview with Al Jazeera.

    Al-Mana’ama said Dr Abu Safiya suffered from “an enlarged heart muscle and from high blood pressure” and was beaten up and refused treatment for the heart condition.

    Transferred to Ofter Prison on January 9, he was held in solitary confinement for 25 days and interrogated nonstop by the Israeli army, Israeli intelligence and police, the lawyer added.

    There was “no legal justification” for Abu Safia’s arrest and no evidence against him, the lawyer said.

    Since the interview, Israeli authorities said he was being held under an “unlawful combatant” law — despite his status as a civilian doctor — stripping him of any rights as a detainee.

    Al Jazeera’s Nour Odeh, reporting from Amman in Jordan, said the doctor was one of hundreds of medical workers taken from Gaza by Israeli forces to the notorious Sde Teiman detention camp and other Israeli military prisons.

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-OSI United Kingdom: GB Energy & Grangemouth show ‘You can’t trust Labour’

    Source: Scottish National Party

    ‘You can’t trust Labour’. It was an oft made comment during the latter year’s of Tony Blair’s premiership; particularly because of his role in dragging the UK into the Iraq war on the basis of a lie.

    But it took six years for that phrase to become common usage. With the current Westminster Labour government of Keir Starmer it’s only taken six months.

    And recently we saw an example which explains why trust in Keir Starmer’s Labour party has nosedived.

    Before the 2024 election Labour promised that Aberdeen would get 1,000 jobs from hosting the GB Energy headquarters; but now the appointed boss of GB Energy says it will only create 200 jobs in five years.

    The GB Energy boss who won’t even be working in Aberdeen but Manchester! So much for a ‘headquarters’ in Aberdeen.

    These revelations have been followed more recently by news that Grangemouth’s refinery is to close after 100 years.

    Again, another example of how Labour can’t be trusted.

    Before the election Labour, along with Keir Starmer and Anas Sarwar, promised to save the jobs:

    :wilted_flower: Before the Westminster election, Labour promised to save Grangemouth – they’ve broken that promise. :point_down: pic.twitter.com/coS3gDL2l0

    — The SNP (@theSNP) February 6, 2025

    Now it’s scenes of Anas Sarwar repeatedly pleading that he’s powerless because it’s a private company…

    Anas Sarwar promised in the 2024 Westminster election that Labour would save the jobs at Grangemouth.

    Labour broke that promise. pic.twitter.com/GAng87jhjz

    — The SNP (@theSNP) February 7, 2025

    …a private company Labour will financially support when it comes to a football stadium in England and a refinery in Belgium!

    Labour Government promises to back Ineos owners Old Trafford project and has also been given a £600million loan guarantee by the UK Labour Government for a refinery in Belgium.

    I thought Labour promised to save Grangemouth! pic.twitter.com/MMqNq2TaqR

    — Gordon Macdonald MSP (@GMacdonaldSNP) February 9, 2025

    And it was Westminster who tied their own hands when it gave Grangemouth to the private sector:

    The SNP’s @MichelleThomson on @bbcdebatenight reminding us that Westminster tied its own hands when it gave Grangemouth to the private sector.

    Once again, Scotland is bearing the brunt of Westminster’s mismanagement. pic.twitter.com/kVeXePfm7k

    — The SNP (@theSNP) February 6, 2025

    Is it any wonder that even Grangemouth’s own Labour MP sounds like he doesn’t trust Labour?

    :face_with_peeking_eye: Even Labour’s own MPs know they’ve betrayed Grangemouth

    Watch below :point_down: pic.twitter.com/roXsOcP17m

    — The SNP (@theSNP) February 10, 2025

    Even a letter he wrote to Starmer was signed by only one other Scottish Labour MP. So much for Scottish Labour MPs standing up for Scotland.

    But those two examples are just the tip of the iceberg when it comes to Labour promises.

    Take the WASPI women pensioners; betrayed so often by the Tories and now by Labour. As leader of the opposition, Starmer promised to “do something about it”, saying he understood their anger at having “the goalposts moved”.

    In 2020 he railed against the two-child cap on child benefits. In the days running up to the election Scots were told to vote Labour to end child poverty.

    Yet just after the election he suspended seven Labour MPs for voting with the SNP to scrap the cap on child benefit and tackle child poverty.

    Then there’s the winter fuel payment for pensioners. In the run up to voting in July 2024 Starmerrailed against the Tories about how pensioners suffered under the Tories and promised them security.

    Safely in Downing Street his government announced a cut to pensioners’ winter fuel payments despite research by his own party that it could cause 4,000 deaths.

    And what about National Insurance?

    Labour’s manifesto specifically pledged that they would not raise national insurance. In her budget Rachel Reeves increased employer national insurance – a policy that will hit those employing lower paid workers the hardest, charities, GPs and care homes.

    You would think such a level of untrustworthy behaviour would be more than enough after seven months; but there’s more that specifically affects Scotland.

    In the July 2024 election Anas Sarwar expressly promised that Scottish Labour ‘would put Scotland at the heart of Starmer’s government‘; and ‘stand up to Keir Starmer and defend Scotland’s interests‘.

    Instead, as a group, Scottish Labour MPs have meekly voted for cutting the winter fuel payment, keeping the two-child benefit, and failing to support WASPI women.

    And there’s a range of issues where that group of MPs have been subdued when it comes to putting Scotland at the heart of Starmer’s government.

    In August 2024 Rachel Reeves pulled funding for an £800 million computer at Edinburgh University with a Labour source saying the project made “little strategic sense.”

    Yet by January Keir Starmer was announcing that his government had arranged £14 billion of investment in various AI projects.

    At the end of January Rachel Reeves announced her plans for growth in the UK … which amounted to a concentration of UK government assistance between the cities hosting the UK’s two elitist universities.

    The absence for similar assistance for Scotland was notable despite claiming it would deliver to “all corners of the UK“:

    Labour have announced they are investing taxpayer money to drive growth “across the UK”.

    Guess where almost all of it is going. pic.twitter.com/Fo332thuae

    — The SNP (@theSNP) January 30, 2025

    Take CCS, or Carbon Capture & Storage; since the 2014 independence referendum the North East of Scotland has been repeatedly promised that Westminster would invest millions in it.

    Rachel Reeves eventually announced funding for Carbon Capture & Storage … in Teesside and Merseyside. No Scottish Labour MP or MSP has even mentioned this slap in the face to Scotland.

    Is it any wonder Scots believe Anas Sarwar doesn’t stand up to Keir Starmer. It’s no wonder Scottish Labour’s vote is at its lowest level in three years.

    And what is Anas Sarwar’s latest move as we approach a Scottish election year? To say he is open to ‘good ideas’ from Nigel Farage’s Reform party.

    A party that would like to abolish the Scottish Parliament and privatise the NHS. The party of Brexit which has increased the cost-of-living creating less money for public services.

    And Anas Sarwar’s latest gambit just raises more questions about trust in Labour. He’s now pledging to protect SNP policies like free tuition, free prescriptions and the Scottish Child Payment.

    After months of accusing the SNP government of ’18 years of failure’ he’s now saying it has been 18 years of “successes”.

    But why should anyone trust what many see as a panicked announcement by Anas Sarwar?

    On several occasions Labour’s Holyrood group of MSPs have voted against SNP government budgets which contained those policies. Even now they are not supporting the SNP budget containing those policies.

    A previous Scottish Labour leader notoriously called those policies a ‘something for nothing‘ culture which should end.

    Anas Sarwar’s health spokesperson, Jackie Baillie, is on record as saying prescription charges should “absolutely” be abolished.

    As for tuition fees it was only in February 2024 that Sarwar’s finance spokesperson, Michael Marra, said backdoor tuition fees, like endowments, would have to be considered.

    Shortly after Labour MSPs voted with the Tories in Holyrood against free tuition.

    And let’s not forget the behaviour of Anas Sarwar’s boss, Keir Starmer. In 2020 he promised Labour members in the party leadership election that he would “support the abolition of tuition fees”.

    Yet by September 2023 he claimed it would be ‘impossible‘ to abolish tuition fees … despite the fact that is the reality in Scotland.

    And let’s not forget which party first introduced tuition fees – whose policy they ultimately are.

    Just weeks before the 1997 election Tony Blair pledged: “Labour has no plans to introduce tuition fees for higher education.”

    A year after taking power, Blair went ahead and introduced tuition fees.

    It all just shows how the people of Scotland don’t and can’t trust any promise by Scottish Labour. Like a branch office they will always follow their bosses in Westminster.

    There’s only one party that Scots can trust to stand up and speak for Scotland. Speak out about Westminster ignoring your communities when it comes to investment. To vote for the benefit of Scotland’s pensioners, families and workers – the SNP.

    MIL OSI United Kingdom –

    February 18, 2025
  • MIL-OSI Russia: Day of Russian student brigades

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Concert in honor of the tenth anniversary of the headquarters of student teams of SPbGASU

    The Day of Russian Student Teams is celebrated on February 17. It was on this day in 2004 that the All-Russian Youth Public Movement “Russian Student Teams” was founded at the All-Russian Forum of Student Teams.

    The first detachment was formed in 1949 at LISI (SPbGASU). Today, the headquarters unites nine student detachments. In addition, our university has a detachment called “Lastochka”, representing the Youth Patriotic Action “Nevsky Desant”.

    Polina Yurkova, a representative of the SPbGASU student teams headquarters, spoke about what 2024 will be remembered for.

    As part of the international construction team project, Eliza Iskuzhina from the student construction team (SCT) “Polza” took part in the construction of the Akkuyu NPP in Turkey from February to March. Eliza joined the international student construction team “Bosphorus”. And in June she was appointed as the project commissioner.

    Ekaterina Bushueva from the Polza SSO and Andrey Repin from the Pyatnitsa SSO visited Egypt as part of the mixed all-Russian unit Dune. In order to take part in the large-scale project to build the El Dabaa NPP, the guys had to go through a competitive selection. But they gained experience, got to know an interesting country, and got new impressions.

    A bright event of May was the film festival of the Student Detachments of St. Petersburg “Svoy Zal”, in which the student pedagogical detachment (SPO) “Svoboda” won in several nominations with the film “Path”, dedicated to the search of young people for themselves and their place in life. The work of our students was awarded prizes for the best feature film, best camera work and best sound engineering.

    From April 27 to May 1, the SAO (student archaeological team) “Lin” organized the youth volunteer project “Memory Watch. Bridgehead at Fort Krasnaya Gorka.” The fighters of the student teams were engaged in the improvement of this historical place. Three members of the SAO “Lin” distinguished themselves here: Ekaterina Dementyeva was the project manager, Polina Yurkova was responsible for the evening cultural program, and Daria Obukhova was responsible for the photos from the event.

    There are two anniversaries in 2024: 65 years since the founding of the movement and 20 years of the modern history of student brigades. Our fighters took part in the All-Russian rally of Russian student brigades in Moscow on November 21–24, 2024, which was dedicated to this.

    The St. Petersburg Student Team Festival was held on December 9, 2024. The Kusto construction team was honored there, it turned 10 years old. The merits of the graduate of SPbGASU, fighter and former commander of the SAO Lin Ekaterina Dementyeva were recognized with a diploma. Two medals were awarded to a fighter of the SPO Arlekino, a graduate Kira Martel, one to a graduate Egor Anikin from the SPO Svoboda, who headed the city headquarters. According to tradition, newlyweds are given champagne at the festival – it was received by Dmitry and Maria Salnikov (SSO Kusto and SPO Arlekino, respectively).

    According to Polina Yurkova, the most important event of last year was the tenth anniversary of the headquarters of the student brigades of SPbGASU. A concert in honor of this date took place on December 2. The guys prepared numbers – songs, dances, comedy sketches. Veterans of the movement, family members, friends came to the concert. The fighters were congratulated by the Vice-Rector for Youth Policy Marina Malyutina.

    2025 has started actively. In January and February, fighters traditionally went to the Leningrad Region to clean up areas, hold concerts, lessons and master classes. 22 students from the Nevsky Desant detachment went to the Lastochka SPbGASU, and more than 30 students participated in the action as part of combined detachments. SPbGASU students visited settlements from the Lomonosov District to the Republic of Karelia.

    We wish the student teams of SPbGASU new interesting events and a successful work season!

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    February 18, 2025
  • MIL-OSI United Nations: Advancing early warning for all: A call to strengthen multi-hazard early warning systems in the Arab region

    Source: UNISDR Disaster Risk Reduction

    Kuwait, 9 February 2025 – The Early Warnings for All Multistakeholder Forum for the Arab States, held ahead of the Sixth Arab Regional Platform for Disaster Risk Reduction, underscored the urgent need to strengthen early warning systems across the region. Co-led by the United Nations Office for Disaster Risk Reduction (UNDRR) and the World Meteorological Organization (WMO), the forum brought together governments, scientific experts, private sector actors, and civil society organizations to discuss advancements in early warning technologies and strategies for risk communication.

    As climate-related disasters increase in both frequency and intensity, the forum emphasized that Multi-Hazard Early Warning Systems (MHEWS) are critical in saving lives and reducing economic losses. Experts highlighted innovative approaches, including artificial intelligence (AI), machine learning, and IoT-based forecasting, to improve accuracy and ensure that warning messages reach communities at risk.

    In his remarks, Dr. Abdulla Al Mandous, President of the World Meteorological Organization, reaffirmed that Early Warning for All (EW4All) is a top priority, stressing that “strengthening early warning systems, improving climate services, and enhancing regional and international partnerships are essential pillars for effective disaster risk reduction.”

    Key outcomes and commitments 

    Discussions at the forum emphasized the urgent need for governments and stakeholders to accelerate investments in early warning systems, ensuring that every country in the region reaches full operational capacity. Expanding and modernizing forecasting infrastructure, strengthening risk assessments, and investing in capacity-building emerged as critical priorities to enhance disaster preparedness.

    Recognizing that disasters do not respect borders, participants also called for stronger regional and cross-border cooperation. Enhanced data sharing, joint risk assessments, and the establishment of regional climate outlook forums were highlighted as essential measures to address transboundary hazards. Strengthening collaboration between national meteorological agencies, disaster risk management institutions, and local communities will be key to improving forecasting accuracy and ensuring timely, coordinated responses to climate-related threats.

    At the heart of the discussions was a strong call for people-centered early warning systems that leave no one behind. The forum underscored the need to ensure that alerts and preparedness measures reach all communities, particularly women, youth, displaced populations, and persons with disabilities. Community-based approaches, improved risk communication, and greater accessibility to warning information were identified as crucial components in ensuring that early warnings translate into early action.

    Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction, emphasized the need for multi-stakeholder collaboration, stating: “No single entity can build and maintain an effective early warning system alone. Governments, the private sector, academia, and civil society must work together to make sure no one is left behind.”

    By fostering regional cooperation, technological innovation, and inclusive approaches, the Early Warnings for All Forum laid the groundwork for scaling up early warning systems across the Arab region. These discussions informed the deliberations at the Sixth Arab Regional Platform for Disaster Risk Reduction, ensuring that early warning remains a central pillar of resilience-building efforts.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI Asia-Pac: M C Mary Kom, Avani Lekhara, and Suhas Yathiraj participate in 7th episode of Pariksha Pe Charcha 2025

    Source: Government of India (2)

    Posted On: 17 FEB 2025 3:57PM by PIB Delhi

    Continuing the insightful discussions initiated by Prime Minister Shri Narendra Modi in the inaugural episode of Pariksha Pe Charcha 2025, the seventh episode aired today, featured iconic sportspersons M C Mary Kom, Avani Lekhara, and Suhas Yathiraj. They talked about goal setting, resilience, and stress management through discipline. They also shared personal anecdotes from their own lives and what they have learned from sports in their life.

    Mary Kom spoke about how she defied the popular belief that boxing is not a women’s sport, challenging societal perceptions not just for herself but for women across the country. Citing Prime Minister Shri Narendra Modi’s advice to become one’s own anchor, she reflected on her 20-year journey as a daughter, wife, and mother. She also stressed the importance of hard work, emphasizing that dedication and perseverance are the true drivers of success.

     

     

    Suhas Yathiraj encouraged students to harness the power of the mind to overcome negative emotions like fear, which he identified as a major obstacle to success. He emphasized that overcoming fear is the only way to perform naturally and excel. Quoting, “To shine like the Sun, one must be ready to burn like the Sun,” he urged students to embrace challenges with resilience and determination. He also introduced them to music therapy to channel positive energy and highlighted the importance of mindful thinking, as thoughts shape one’s destiny.

    Avani Lekhara underscored the significance of skill development, explaining how acquiring the right skills builds confidence and reduces fear. Drawing parallels from sports, she stressed the importance of rest and recovery in studies, advocating for adequate sleep before examinations to ensure peak performance. She also guided students through an activity to boost confidence.

    During the session, students raised questions on topics such as convincing parents about career choices, developing the courage to face challenges, and staying focused. Students from Dubai and Qatar also participated, sharing their queries with the guests.

    All the guests unanimously emphasized that hard work is the key to success and that nothing can be achieved through shortcuts.

    To ensure comprehensive development, distinguished personalities from various fields—including sports icons, technical experts, toppers of competitive exams, entertainment industry professionals, and spiritual leaders—are enriching students with insights beyond textbooks. With three more episodes already aired, each session continues to provide students with essential tools and strategies to excel academically and personally. After the show the students reflected and shared their learning from the session.

    The eighth edition of Pariksha Pe Charcha (PPC) 2025, in its revamped and interactive format, has been receiving widespread appreciation from students, teachers, and parents across the nation. Breaking away from the traditional Town Hall format, this year’s edition commenced with an engaging session featuring Prime Minister Shri Narendra Modi at the scenic Sunder Nursery, New Delhi, on 10th February 2025.

    In the inaugural episode, the Prime Minister interacted with 36 students from across the country, discussing insightful topics such as Nutrition and Wellness, Mastering Pressure, Challenging Oneself, The Art of Leadership, Beyond Books – 360º Growth, Finding Positives, and more. His valuable guidance offered students practical strategies to tackle academic challenges with confidence while fostering a growth mindset and holistic learning.

    As Pariksha Pe Charcha 2025 continues to unfold, it remains a beacon of inspiration for students, equipping them with confidence and resilience to face academic and life challenges with a positive mindset.

    Link to watch the 1st episode: https://www.youtube.com/watch?v=G5UhdwmEEls

    Link to watch the 2nd episode: https://www.youtube.com/watch?v=DrW4c_ttmew

    Link to watch the 3rd episode: https://www.youtube.com/watch?v=wgMzmDYShXw

    Link to watch the 4thepisode: https://www.youtube.com/watch?v=3CfR4-5v5mk

    Link to watch the 5thepisode: https://www.youtube.com/watch?v=3GD_SrxsAx8

    Link to watch the 6thepisode: https://www.youtube.com/watch?v=uhI6UbZJgEQ

    Link to watch the 7thepisode: https://www.youtube.com/watch?v=y9Zg7B_o8So

    *****

    MV/AK

    MOE/PPC/17 February 2025/11

    (Release ID: 2104072) Visitor Counter : 64

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI: Two Enlight Facilities Win Bids in the Israel Electricity Authority’s Energy Storage Tender and the Company Expects to Construct Total Storage Capacity in the Range of 1,300 to 1,900 MWh

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, Feb. 17, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced today that two of the Company’s energy storage facilities have won bids in the Israel Electricity Authority’s first availability tariff tender process. The two sites, Neot Smadar and Ohad, are located in the south of Israel and have a combined grid connection capacity of 300 MW AC.

    According to the tender’s terms, after supplying power at the availability tariff rate for five years, the Company may transition to selling electricity into the deregulated market as well as increase the facilities’ storage capacity. Securing a grid connection of 300 MW AC will allow Enlight to build projects with a total storage capacity of 1,300 MWh, potentially rising to 1,900 MWh following the transition into the deregulated market. According to the tender’s terms, the projects are expected to reach commercial operation by 2028.

    The combined construction cost of the two facilities is expected to range between $210-250 million, depending on the ultimate amount of capacity the Company decides to build. The projects are expected to generate combined average annual revenues of $75-85 million and combined average annual EBITDA of $37-42 million over the full life of the projects.

    Enlight has approximately 8 GWh of Mature1 storage projects that are expected to enter into operations by 2027. In addition, the Company has a portfolio of energy storage assets in various stages of development totaling approximately 25 GWh, of which about 6 GWh are located in Israel. The two sites selected in the tender represent 20% of the total capacity awarded through the bidding process, further solidifying Enlight’s leadership of Israel’s energy storage market as the only company with significant presence in both medium-voltage and high-voltage storage sectors.

    Gilad Peled, CEO of Enlight MENA commented, “Enlight is proud to lead the energy storage revolution in Israel with a significant double win, representing 20% of the total capacity in the Israel Electricity Authority’s tender. Our success underscores Enlight’s leadership of the storage sector, and these projects will join the Israel Solar and Storage cluster that is already in operation. The massive investment in constructing these facilities in the south of Israel will contribute to greater energy security and create numerous jobs. Our advanced storage facilities in Neot Smadar and Ohad are part of Enlight’s broader vision to lead the transition to renewable energy production in Israel. We are proud to be part of this historic trend, accelerating the shift to clean energy, enhancing competition, and reducing electricity prices for Israel’s citizens.”

    1 Mature projects are defined as currently operating, under construction, and pre-construction (with construction start within a 0-12 month timeframe).

    About Enlight Renewable Energy

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

    Contacts:

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; the potential impact of the current conflicts in Israel on our operations and financial condition and Company actions designed to mitigate such impact; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

    February 18, 2025
  • MIL-OSI Africa: Islamic Finance Expands Africa’s Energy Investment Landscape, Strengthening Arab-African Cooperation

    Source: Africa Press Organisation – English (2) – Report:

    PARIS, France, February 17, 2025/APO Group/ —

    Africa’s energy sector is seeing growing interest from Islamic financial institutions, as demonstrated by the recent $400 million Murabaha financing secured by Africa Finance Corporation (AFC). This transaction not only underscores the growing role of Islamic finance in Africa’s infrastructure development, but also highlights significant opportunities for deeper financial cooperation between Arab and African nations in the energy sector.

    The strong demand for AFC’s facility, which attracted 11 Islamic financial institutions – including Abu Dhabi Islamic Bank, Al Rajhi Bank and Emirates Islamic Bank – signals growing appetite among Middle Eastern banks to engage in Africa’s development. The facility, upsized from an initial $300 million due to high investor interest, reinforces AFC’s strategy to diversify its funding base and aligns with broader efforts to expand energy investment partnerships between Arab and African countries.

    Islamic finance is emerging as a key source of funding for Africa’s energy sector, particularly for large-scale infrastructure projects. The Murabaha financing structure used in AFC’s deal aligns with Sharia principles, offering an attractive and ethical investment vehicle for Middle Eastern and North African financial institutions seeking exposure to African markets. This move complements AFC’s recent $500 million hybrid bond issuance and the corporation’s ongoing efforts to attract diverse capital sources, including potential Panda bonds in China.

    Opportunities for Arab Investment in Africa’s Energy Future

    The increasing participation of Islamic banks and financial institutions presents a strategic opportunity for Middle Eastern nations to play a larger role in Africa’s energy transition. Countries such as the UAE, Saudi Arabia and Qatar have well-capitalized financial institutions and sovereign wealth funds that can accelerate Africa’s energy infrastructure expansion, particularly in natural gas, renewables and power generation.

    Arab nations already have a growing footprint in Africa’s energy sector. The UAE’s Masdar has been investing in renewable projects across North and sub-Saharan Africa – committing $10 billion to deliver 10 GW of clean energy capacity in Africa by 2030 – while Saudi Arabia’s ACWA Power has been involved in developing solar and desalination projects across the continent. QatarEnergy has been actively advancing hydrocarbon exploration in Africa, expanding its interests in Namibia’s offshore Orange Basin, while ADNOC has strengthened its footprint by acquiring a 10% stake in the Area 4 concession of Mozambique’s Rovuma Basin. However, there remains significant untapped potential for Arab-African cooperation, particularly in financing LNG terminals, gas-to-power projects and oil and gas exploration. Countries like Egypt, Algeria and Libya, which straddle both regions, can serve as financial and logistical bridges between Middle Eastern investors and African energy markets.

    The Role of Energy-Focused Islamic Finance

    The AFC’s Murabaha financing comes at a time when global Islamic finance is experiencing sustained growth, with assets expected to see high single-digit expansion through 2025, according to S&P Global Ratings. This growth is supported by strong balance sheets, high profitability and increasing regulatory backing. The surge in Islamic finance presents a timely opportunity for African energy projects, which require significant capital investment to meet the continent’s growing energy demand.

    One of the major advantages of Islamic finance is its alignment with sustainable investment principles, making it particularly attractive for funding Africa’s energy transition. In addition to AFC’s investment in renewable energy ventures such as Xlinks’ renewable energy initiative and the expansion of Lekela Power’s 3 GW capacity target, Islamic financial institutions could extend their involvement to Africa’s gas sector, which is viewed as a transitional fuel to bridge the energy gap.

    Strengthening Arab-African Partnerships at IAE 2025

    The increasing role of Middle Eastern finance in Africa’s energy sector will be a critical focus at the upcoming Invest in African Energy (IAE) Forum in Paris this May.  Serving as the premier African energy project showcase outside of the continent, IAE 2025 provides a space for African governments, investors and key financial players from the Middle East to explore new partnerships and drive investment in gas, LNG and broader energy infrastructure projects. By tapping into Islamic finance, African countries can secure critical capital to accelerate its energy development. At the same time, Arab nations stand to benefit from deeper economic integration with Africa, gaining access to new markets and resources. The AFC’s successful Murabaha financing serves as a strong indicator that the time is ripe for greater energy sector collaboration between Africa and the Middle East.

    IAE 2025 (http://apo-opa.co/4hC0kAA) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    MIL OSI Africa –

    February 18, 2025
  • MIL-OSI Asia-Pac: President Lai meets former United States Deputy National Security Advisor Matthew Pottinger

    Source: Republic of China Taiwan

    Details
    2025-02-11
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

    Details
    2025-02-11
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-11
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

    Details
    2025-02-11
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-02-11
    President Lai meets delegation to 60th Inaugural Ceremonies of US president and vice president
    On the morning of January 16, President Lai Ching-te met with Taiwan’s delegation to the 60th Inaugural Ceremonies of the President and Vice President of the United States. In remarks, President Lai stated that democratic Taiwan stands united, working hard to deepen Taiwan-US ties together. He then entrusted the delegation with three missions: to convey best wishes from the people of Taiwan, convey our firm commitment to democracy, and help Taiwan-US relations reach a new milestone. A translation of President Lai’s remarks follows: The 60th Inaugural Ceremonies of the President and Vice President of the US will be held on January 20. I want to thank Speaker Han Kuo-yu (韓國瑜), president of the Legislative Yuan, for accepting my invitation to lead our nation’s representative delegation to the event. I also thank Legislative Yuan Members Ko Chih-en (柯志恩), Wang Ting-yu (王定宇), Ko Ju-chun (葛如鈞), Lee Yen-hsiu (李彥秀), Chen Kuan-ting (陳冠廷), Kuo Yu-ching (郭昱晴), and Chen Gau-tzu (陳昭姿) for joining this visit to the US to attend the inauguration of President Donald Trump and Vice President J.D. Vance. We have gathered together today despite differences in party affiliation because in democratic Taiwan, while parties may compete domestically, when it comes to engagement externally, they stand united and share responsibility, working hard to deepen Taiwan-US ties and strive for the best interests of the nation. We share the value of defending freedom and democracy, and we share the goal of advancing peace and prosperity. Today, we engage with the world together as those from the same country – the Republic of China (Taiwan). In this complex and volatile new international landscape, and as the nation faces difficulties and challenges, I want to stress that in Formosa, there is no hostility that cannot be let go, and no hardship that cannot be overcome. Unity is the most important, and I hope that Taiwan can stand united, because there is true strength in unity. Democratic Taiwan must stand united in engaging with the world and initiate exchanges with confidence. On that ground, I am entrusting this delegation with three key missions. First, convey best wishes from the people of Taiwan. Just last year, Taiwan and the US celebrated the 45th anniversary of the passage of the Taiwan Relations Act. And on May 20, the US sent a senior bipartisan delegation to congratulate me and Vice President Bi-khim Hsiao on our inauguration. As the leader of this cross-party delegation, Speaker Han must clearly convey the well-wishes of the people of Taiwan, congratulate President Trump and Vice President Vance on their inauguration, and wish success to the new administration and prosperity to the US. Second, clearly convey the firm commitment of the people of Taiwan to democracy. The theme of these inaugural ceremonies is “Our Enduring Democracy: A Constitutional Promise.” Taiwan and the US share the universal value of democracy and are staunch allies. I hope that the delegation can faithfully convey the firm commitment to democracy that the people of Taiwan have, which will not change even in the face of authoritarian threats. Taiwan is willing to stand side by side with the US and other members of the democratic community to defend the sustainable development of global democracy and prevent the expansion of authoritarianism. Third, help Taiwan-US relations reach a new milestone. In recent years, Taiwan-US relations have continued to grow, with the first agreement under the Taiwan-US Initiative on 21st Century Trade having formally taken effect last month. This morning, the House of Representatives also passed the US-Taiwan Expedited Double-Tax Relief Act. I hope that the delegation can help Taiwan-US relations reach a new milestone through these exchanges so that our relations continue to grow, our cooperation expands even more, and so that we can achieve even greater success after the new administration takes office. Four years ago, Taiwan’s representative to the US inaugural ceremonies was Vice President Hsiao, who was then our representative to the US. Everyone has a lot to learn from her. I have specially invited everyone here to converse so that you can draw from Vice President Hsiao’s experience and ensure an even smoother visit. Washington, DC was also hit by a rare blizzard recently, and the weather has been very cold, so make sure to stay warm. I am sending everyone off with hand warmers and thermoses so that you can bring some warmth from Taiwan with you on your journey. And I ask that Speaker Han exercise his wisdom to help generate some warmth between the ruling and opposition parties through cooperation, which they can then bring back to Taiwan. Let us unite to give our all for diplomacy so that we can unite to give our all for Taiwan. I wish the delegation a smooth and safe trip, and hope your missions can be carried out successfully. Speaker Han then delivered remarks, stating that it was an honor to be invited by President Lai to organize a delegation to represent our nation at the 60th Inaugural Ceremonies of the President and Vice President of the US in Washington, DC, and express the Republic of China’s sincere and cordial best wishes. The Legislative Yuan’s president has assumed this important task numerous times in the past, he said, not only to represent the government of the Republic of China, but also to take on the mission of conveying the voices of 23 million people. He went on to say that he is honored to take up the baton, lead eight legislators to the US to attend this celebration that will attract global attention, and express sincere best wishes to newly elected President Trump, Vice President Vance, and the new administration’s team. As enjoined by President Lai, he hopes the delegation’s trip will help open a new chapter in Taiwan-US exchanges. Speaker Han stated that the US is the most free and democratic country in the world. He noted that in 1776 in the US Declaration of Independence, founding father Thomas Jefferson propounded the concept of “unalienable rights,” and emphasized that the people have a right to freedom and the pursuit of happiness, democratic ideas that have long been rooted in the people’s hearts. Today, he said, democracy is also embedded in the DNA of Taiwan’s 23 million people, and this hard-won democratic achievement is a result of the concerted efforts of our pioneering predecessors, thinkers, and activists over the past 100 years. Speaker Han stated that during this visit, the Legislative Yuan delegation hopes to convey the voice of Taiwan as a democratic country. Taiwan’s security, he said, is like the four legs of a table: The first leg is defending the Republic of China, the second is defending freedom and democracy, the third is maintaining Taiwan-US relations, and the fourth is maintaining cross-strait peace. The delegation will travel to the US amidst severe cold weather to show that we value our relationship with the US, and our citizens have great hopes and expectations. Speaker Han stated that this will be a cross-party delegation of eight legislators, all of whom have a strong sense of mission. He hopes that all democratic nations will acknowledge Taiwan’s importance, and pay attention to Taiwan’s 23 million people. The delegation, he said, will do its utmost to convey the goodwill and warmth that the people of Taiwan give to each and every one of our good friends.

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News –

    February 17, 2025
  • MIL-OSI United Kingdom: Munich Security Conference: G7 foreign ministers’ statement, February 2025

    Source: United Kingdom – Government Statements

    G7 foreign ministers and the EU gave a joint statement on the margins of the Munich Security Conference on 15 February 2025.

    Foreign Secretary David Lammy with G7 foreign ministers and Vice-President of the European Commission Kaja Kallas at the Munich Security Conference.

    Joint statement:

    The G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America and the High Representative of the European Union, met on the margins of the Munich Security Conference for the first time under Canada’s 2025 Presidency.

    The G7 members discussed Russia’s devastating war in Ukraine.  They underscored their commitment to work together to help to achieve a durable peace and a strong and prosperous Ukraine and reaffirmed the need to develop robust security guarantees to ensure the war will not begin again.  

    The G7 members welcomed their discussion today with Andrii Sybiha, Minister of Foreign Affairs of Ukraine.  They recalled the G7’s important contribution towards ending the war in Ukraine, including through measures pursuant to the G7 Joint Declaration of Support for Ukraine, by supporting Ukraine financially through the use of extraordinary revenues stemming from Russian Sovereign Assets, by imposing further cost on Russia, if they do not negotiate in good faith, through caps on oil and gas prices, and by making sanctions against Russia more effective. Any new, additional sanctions after February should be linked to whether the Russian Federation enters into real, good-faith efforts to bring an enduring end to the war against Ukraine that provides Ukraine with long-term security and stability as a sovereign, independent country.  The G7 members reaffirmed their unwavering support for Ukraine in defending its freedom, sovereignty, independence and territorial integrity.

    The G7 members discussed the provision to Russia of dual-use assistance by China and of military assistance by DPRK and Iran.  They condemned all such support.

    The G7 members discussed political, security and humanitarian issues in the Middle East, including in Israel, Gaza, Lebanon, Syria and Iran, and their commitment to advancing regional peace and stability.  They underscored the importance of a durable, Israeli-Palestinian peace.  They reaffirmed their support for the full implementation of the ceasefire reached between Israel and Hamas, including for the release of all hostages and the expansion of humanitarian aid in Gaza.  The G7 members stand behind the ongoing efforts of Egypt, Qatar and the United States in continuing to work towards a permanent ceasefire.  They reiterated their unequivocal condemnation of Hamas and the need to ensure that Hamas neither reconstitutes militarily nor participates in governance.  They recognized Israel’s inherent right to self-defence, consistent with international law. 

    The G7 members welcomed the outcomes of the International Conference on Syria, hosted by France on February 13, 2025.  They reiterated their shared commitment to the people of Syria and their support for an inclusive political transition process, in the spirit of UN Security Council Resolution 2254.  They welcomed, as well, positive developments in Lebanon, including the recent election of President Joseph Aoun, the designation of Nawaf Salam as Prime Minister, and the formation of a new government.  The G7 members reaffirmed their commitment to both countries’ stability, sovereignty, and territorial integrity.

    The G7 members unequivocally condemned Iran’s destabilizing actions, including its rapid advancement of uranium enrichment without credible civil justification, its facilitation of terrorism organizations and armed groups across the Middle East and Red Sea, its proliferation of ballistic missiles and drones, and its transnational repression and violation of fundamental human rights.

    The G7 members reiterated their commitment to a free, open and secure Indo-Pacific region, grounded in respect for the rule of law and sovereignty.  They strongly opposed any attempts to change unilaterally the status quo using force and underscored the importance of resolving disputes peacefully.  They strongly opposed China’s attempts to restrict freedom of navigation through militarization and coercive activities in the East and South China Sea. 

    The G7 members expressed serious concern over the DPRK’s nuclear and ballistic missile programs and reaffirmed their commitment to the complete denuclearization of the Korean Peninsula. They demanded that the DPRK abandon all its nuclear weapons, existing nuclear programs, and any other weapons of mass destruction (WMD) and ballistic missile programs in a complete, verifiable, and irreversible manner in accordance with all relevant United Nations Security Council resolutions (UNSCRs). They underscored that direct DPRK support for Russia’s war of aggression against Ukraine marks a dangerous expansion of the conflict, with serious consequences for European and Indo-Pacific security. They urged the DPRK to cease immediately all assistance for Russia’s war of aggression against Ukraine, including by withdrawing its troops. The called upon DPRK to resolve the abductions issue immediately.

    The G7 members also discussed urgent situations of conflict and instability elsewhere in the world, including in the Democratic Republic of the Congo and Sudan, and in Haiti and Venezuela.

    The G7 Foreign Ministers looked forward to their meeting in Canada in Charlevoix, Quebec on March 12-14.

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    Updates to this page

    Published 15 February 2025

    MIL OSI United Kingdom –

    February 17, 2025
  • MIL-OSI Economics: Joint Statement by the Saudi Finance Minister and IMF Managing Director on Supporting Recovery in the Middle East’s Conflict-Affected Economies

    Source: International Monetary Fund

    February 17, 2025

    Al Ula, Saudi Arabia, – February 16, 2025: On the sidelines of the inaugural annual global Conference on Emerging Market Economies in Al Ula, Saudi Arabia (February 16-17), the Saudi Finance Ministry and the International Monetary Fund (IMF) co-hosted a high-level roundtable on “Working Together to Support Recovery in the Middle East’s Conflict-Affected Economies”, bringing together finance ministers of countries in the region, the Foreign Affairs Minister of Syria, representatives from the World Bank, and heads of other International Financial Institutions and the Arab Coordination Group.

    Following the meeting, Kristalina Georgieva, Managing Director of the IMF, and Mohammed Aljadaan, Finance Minister of Saudi Arabia, made the following statement:

    “This important meeting brought together representatives from the Middle East and key economic and development partners to discuss how we can work together to support recovery in the Middle East’s conflict-affected economies.”

    “We thank all participants for recognizing the urgency and importance of this task, as well as for their commitment to work together to ensure that the conflict-affected countries can start addressing their humanitarian needs. This would help them start rebuilding their economies in an efficient, swift, and durable way for the benefit of their people.”

    “Participants welcomed the meeting as an opportunity to discuss recent developments and build a common understanding of the challenges facing conflict-affected countries. They emphasized the importance of strengthening coordination to support the recovery of these countries as the spillovers would impact all. Particular attention was paid to the situation in Syria.”

    Participants agreed on the following priorities to support conflict-affected countries:

    • A Continuous Diagnosticof the challenges and economic and social context facing each conflict-affected country, including an assessment of humanitarian and reconstruction needs. Such a diagnostic should identify institution-building priorities, gaps in policies, and financing needs.
    • Enhanced Capacity Development (CD) aimed at rapidly scaling up IMF and World Bank CD initiatives to help strengthen and, as needed, build new institutions. Support would need to be tailored to strengthen essential functions of fiscal, monetary and banking institutions.
    • Mobilization of financial assistance from the international community . Financial support—coordinated with international and regional development partners—will be needed to fund comprehensive reform programs, including reconstruction and humanitarian aid.

    “Participants underscored their readiness to work together and complement each other’s efforts while focusing on their institutional mandates. They will continue to work closely and with other partners to further support the international response to the recovery of conflict-affected economies in the Middle East region.”

    They agreed to establish an informal coordination group to support these efforts. Discussions will be continued at the upcoming IMF/World Bank Spring Meetings on April 21-26 in Washington, D.C.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics –

    February 17, 2025
  • MIL-OSI Russia: Joint Statement by the Saudi Finance Minister and IMF Managing Director on Supporting Recovery in the Middle East’s Conflict-Affected Economies

    Source: IMF – News in Russian

    February 17, 2025

    Al Ula, Saudi Arabia, – February 16, 2025: On the sidelines of the inaugural annual global Conference on Emerging Market Economies in Al Ula, Saudi Arabia (February 16-17), the Saudi Finance Ministry and the International Monetary Fund (IMF) co-hosted a high-level roundtable on “Working Together to Support Recovery in the Middle East’s Conflict-Affected Economies”, bringing together finance ministers of countries in the region, the Foreign Affairs Minister of Syria, representatives from the World Bank, and heads of other International Financial Institutions and the Arab Coordination Group.

    Following the meeting, Kristalina Georgieva, Managing Director of the IMF, and Mohammed Aljadaan, Finance Minister of Saudi Arabia, made the following statement:

    “This important meeting brought together representatives from the Middle East and key economic and development partners to discuss how we can work together to support recovery in the Middle East’s conflict-affected economies.”

    “We thank all participants for recognizing the urgency and importance of this task, as well as for their commitment to work together to ensure that the conflict-affected countries can start addressing their humanitarian needs. This would help them start rebuilding their economies in an efficient, swift, and durable way for the benefit of their people.”

    “Participants welcomed the meeting as an opportunity to discuss recent developments and build a common understanding of the challenges facing conflict-affected countries. They emphasized the importance of strengthening coordination to support the recovery of these countries as the spillovers would impact all. Particular attention was paid to the situation in Syria.”

    Participants agreed on the following priorities to support conflict-affected countries:

    • A Continuous Diagnosticof the challenges and economic and social context facing each conflict-affected country, including an assessment of humanitarian and reconstruction needs. Such a diagnostic should identify institution-building priorities, gaps in policies, and financing needs.
    • Enhanced Capacity Development (CD) aimed at rapidly scaling up IMF and World Bank CD initiatives to help strengthen and, as needed, build new institutions. Support would need to be tailored to strengthen essential functions of fiscal, monetary and banking institutions.
    • Mobilization of financial assistance from the international community . Financial support—coordinated with international and regional development partners—will be needed to fund comprehensive reform programs, including reconstruction and humanitarian aid.

    “Participants underscored their readiness to work together and complement each other’s efforts while focusing on their institutional mandates. They will continue to work closely and with other partners to further support the international response to the recovery of conflict-affected economies in the Middle East region.”

    They agreed to establish an informal coordination group to support these efforts. Discussions will be continued at the upcoming IMF/World Bank Spring Meetings on April 21-26 in Washington, D.C.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/02/17/pr-25038

    MIL OSI

    MIL OSI Russia News –

    February 17, 2025
  • MIL-OSI Economics: Qatar 1812km: Preview TOYOTA GAZOO Racing starts WEC season with Qatar challenge

    Source: Toyota

    Headline: Qatar 1812km: Preview
    TOYOTA GAZOO Racing starts WEC season with Qatar challenge

    TOYOTA GAZOO Racing will continue its mission to make ever-better motorsports-bred cars and put smiles on the faces of fans across the globe by competing with two GR010 HYBRID race cars in the 2025 FIA World Endurance Championship, starting on Friday 28 February in Qatar.

    MIL OSI Economics –

    February 17, 2025
  • MIL-OSI: Nokia upgrades Orange Jordan’s broadband network gateway to enhance connectivity across the Kingdom

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Nokia upgrades Orange Jordan’s broadband network gateway to enhance connectivity across the Kingdom #MWC25

    • State-of-the-art Nokia 7750 SR BNG deployed to elevate broadband services and user experience in Jordan.
    • Strategic upgrade to 76 sites across the Kingdom reduces operational costs and boosts network efficiency.
    • Partnership underscores Nokia’s commitment to trusted performance and sustainable digital transformation.

    17 February 2025
    Amman, Jordan – Nokia and Orange Jordan have announced the successful upgrade of Orange Jordan’s Broadband Network Gateway (BNG) with Nokia’s cutting-edge 7750 Service Router (SR) platforms. This strategic initiative marks a significant milestone in enhancing broadband services across Jordan, delivering superior connectivity and operational efficiency for both the operator and its customers.

    The deployment spans 76 sites across Jordan’s north, central, and southern regions, positioning Orange Jordan to meet growing subscriber demands with enriched digital experiences, including high-speed internet, IPTV, and personalized broadband services. The upgrade also supports Orange Jordan’s sustainability goals by optimizing energy consumption and reducing operational expenses.

    This collaboration highlights Nokia’s value proposition of trusted performance across every network domain. By leveraging resilient, high-performance networks built on Nokia’s strong foundation of security, sustainability, and ethical standards, Orange Jordan can deliver exceptional services to its subscribers.

    Waleed Al Doulat, Chief ITN & Wholesale Officer at Orange Jordan, said: “This upgrade is a testament to our commitment to delivering the best broadband services to our customers. Nokia’s 7750 SR BNG allows us to enhance network efficiency and enrich our customers’ digital lives, while aligning with our sustainability and growth goals.”

    Bassel Megallaa, Head of IP Networks for Middle East & Africa at Nokia, said: “Our collaboration with Orange Jordan demonstrates Nokia’s dedication to providing trusted performance that empowers digital transformation. By providing scalable, resilient, and secure solutions, we enable Orange Jordan to deliver world-class broadband experiences while optimizing network efficiency. Together, we are driving connectivity and creating new opportunities for innovation across Jordan.”

    Resources and additional information
    Product page: Nokia 7750 Service Router

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Communications, Middle East & Africa
    Email: cordia.so@nokia.com

    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
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    The MIL Network –

    February 17, 2025
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