Ƶ

Four environmental concerns for Gazans after the end of combat

Four environmental concerns for Gazans after the end of combat

Smoke rises following an Israeli airstrike in the Gaza Strip, as seen from southern Israel on Oct. 23, 2023. (AP)
Smoke rises following an Israeli airstrike in the Gaza Strip, as seen from southern Israel on Oct. 23, 2023. (AP)
Short Url

Local, regional, and international leaders are spending a lot of time trying to plan the political and security issues that need to be addressed on the day after a comprehensive and permanent ceasefire in Gaza. But a huge problem looming ahead has to do with the environmental challenges that Palestinians of Gaza will face as they try to reconstruct their lives.

At least four top risks must be tackled early on and given priority over all other issues.

Defuse unexploded ordnance.

When war ends, lots of unexploded ordnance is usually left behind after failing to explode. No real progress can occur on any level without defusing all ordnance, otherwise, children can be injured or killed and the rebuilding process can be threatened by hasty and unsafe development.

Dealing with water, sewage and electricity.

The Israeli bombardment reached water purifying and desalination sites. Israeli bulldozers trying to open roads for tanks or attempting to discover tunnels ruined sewage and water pipes. Electricity producing and distributing networks were also bombed. Before any other development can be addressed, water and sewage lines must be fixed so that the population will receive clean water, otherwise disease might quickly spread. Energy sources must be fixed because the water purifying network, for example, cannot work without electricity.

Recycling solid waste.

A huge amount of solid waste littered the Gaza Strip as the population ran for their lives. Services, including local maintenance and garbage collection, had abruptly stopped. If left unaddressed, this waste is another potential source of disease. The most appropriate way to resolve the problem is to initiate recycling sites to deal with the huge amount of solid waste.

Recycling construction debris.

Satellite photos of the Gaza Strip reveal huge destruction to homes, mosques, churches, universities and other private and public buildings. This rubble needs to be dealt with in an environmentally healthy way. The best way to do that and at the same time help the rebuilding process is to recycle the rubble and debris and make it available for all future construction.

A failure to deal with the environmentally disastrous results of the war in Gaza by the Israeli military cannot be belittled

Daoud Kuttab

The carnage in Gaza is hard to imagine but a failure to deal with the environmentally disastrous results of the war in Gaza by the Israeli military cannot be belittled.

A well organized and committed effort will need to be ready for execution the morning after a permanent ceasefire is ratified and takes effect.

There is great danger in leaving things as is and failing to tend to unexploded ordnance, the destroyed water and sewage networks, and the exceedingly large amount of solid waste.

Instead of removing such debris and solid waste from one location to another, the most efficient and proper way to dispose of the solid waste and construction debris is to recycle it on-site.

Therefore, it can be properly channeled into the reconstruction effort, which will most likely begin immediately once the guns fall silent.

Daoud Kuttab is an award-winning Palestinian journalist and a director of Community Media Network. X: @daoudkuttab

 

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Ancient spring festival kicks off in Pakistan’s Chitral, drawing crowds with traditional music and dance

Ancient spring festival kicks off in Pakistan’s Chitral, drawing crowds with traditional music and dance
Updated 13 min 49 sec ago

Ancient spring festival kicks off in Pakistan’s Chitral, drawing crowds with traditional music and dance

Ancient spring festival kicks off in Pakistan’s Chitral, drawing crowds with traditional music and dance
  • Chilm Josht festival is celebrated by the Kalash people, often described as pagan due to their religious practices
  • The annual event is integral to the identity of the Kalash community and the continuity of its ancient traditions

PESHAWAR: The Khyber Pakhtunkhwa (KP) Tourism Authority on Tuesday announced the beginning of a popular cultural festival in Pakistan’s northwestern Chitral region, saying the event had attracted large numbers of foreign and local tourists like in the past.

The Chilm Josht festival is celebrated by the Kalash people, who are often described as pagan due to their religious beliefs and practices involving the worship of multiple gods and spirits, to mark the arrival of spring and celebrate the bounty of nature.

Known for music, dance, and colorful clothes, the festival is also associated with the preparation for new crops, symbolizing hope and prosperity for the community.

“The ancient Kalash festival ‘Chilm Josht’ has kicked off in full swing,” the KP tourism authority said in a statement. “Young women of Kalash danced to the beat of drums while wearing intricately embroidered garments, enhancing the colors of the festival.”

The statement added that district administration officials, members of the Kalash Development Authority and a large number of domestic and foreign tourists were also attending the festivity.

“The district administration has arranged foolproof security for the festival,” it added. “Tourism police are also providing services for the guidance of tourists.”

Chilm Josht is said to be the oldest festival of the Kalash tribe. It involves various rituals, the most well-known being the one where people dance with walnut branches in hand.

The festival will last for three days in the area known for its rugged terrain and scenic beauty. The annual event is considered integral to the identity of the indigenous Kalash community and the continuity of its ancient traditions.
 


GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut

GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut
Updated 11 min 4 sec ago

GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut

GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut

RIYADH: A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong in 2024, according to S&P Global Ratings.

This comes as most GCC central banks typically mirror the Fed’s rate movements to preserve their currency pegs. 

In a statement, the US credit rating agency revealed that it also expects asset quality to remain robust despite the prolonged high interest rates, thanks to supportive economies, contained leverage, and a high level of precautionary reserves.

“We anticipate a slight deterioration in profitability in 2025, as the Fed could start cutting rates in December 2024, and most GCC central banks are likely to follow suit to preserve their currency pegs,” the statement said.

“However, we believe that several factors will mitigate the overall effect,” it added. 

Moreover, S&P disclosed that every 100-basis point drop in rates cuts an average of around 9 percent off the region’s banks’ bottom lines.

This is based on the GCC banks’ December 2023 disclosures and assumes a fixed balance sheet and a parallel shift in the yield curve.


Pakistan shares hit fresh record on rate cut hopes, IMF talks

Pakistan shares hit fresh record on rate cut hopes, IMF talks
Updated 24 min 19 sec ago

Pakistan shares hit fresh record on rate cut hopes, IMF talks

Pakistan shares hit fresh record on rate cut hopes, IMF talks
  • Pakistan last month completed a short-term, $3 billion IMF program, seeking fresh, longer-term bailout 
  • IMF mission is in Pakistan to discuss financial year 2025 budget, policies, reforms under potential new program

Pakistan’s benchmark share index touched a lifetime high on Wednesday, breaching the key level of 75,000, on hopes that easing inflation could pave the way for interest rate cuts as early as June.

Still attractive stock valuations, expectations of more foreign inflows, and the start of talks with the IMF on a new loan program added to the bullish sentiment.

The index was trading at 75,013 points at 0531 GMT, up 0.7 percent, after hitting an intraday high of 75,115. It has surged 80 percent over the past year, and it is up 16.1 percent year-to-date after an IMF rescue last summer helped the government avert a debt default.

On Monday, the index closed at a record of 73,822, up 1 percent.

Mohammed Sohail, CEO of Topline Securities, said Wednesday’s gains were fueled by foreign fund buying.

On Tuesday, the MSCI index added a Pakistani bank, National Bank of Pakistan, to the MSCI frontier market index. Its shares rose 1.6 percent on Wednesday, outperforming the benchmark index.

“We estimate Pakistan’s weight will also increase, thereby having the potential to attract more passive foreign funds,” said Sohail.

The market is picking up steam due to an anticipated decline in inflation to 13.5 percent for May and expectations of a monetary easing cycle starting in June, said Shahid Habib, CEO of Arif Habib Limited.

Investors were also optimism about discussions on a new International Monetary Fund financing program and the economic roadmap ahead, Habib said.

Pakistan last month completed a short-term, $3 billion IMF program, but the government of Prime Minister Shehbaz Sharif has stressed the need for a fresh, longer-term program.

An IMF mission is in Pakistan to discuss the financial year 2025 budget, policies, and reforms under a potential new program.

Wall Street bank Citi expects Pakistan to reach a four-year agreement with the IMF worth up to $8 billion by end-July, and recommends going long on the country’s 2027 international bond.


Global conference in Riyadh spotlights procurement and supply chain challenges

Global conference in Riyadh spotlights procurement and supply chain challenges
Updated 42 min 49 sec ago

Global conference in Riyadh spotlights procurement and supply chain challenges

Global conference in Riyadh spotlights procurement and supply chain challenges

RIYADH: Key issues concerning procurement and supply chains will take center stage at a global conference in the Saudi capital, featuring over 35 international speakers.

The upcoming CIPS MENA Conference and Excellence in Procurement Awards, slated to be hosted by the Government Expenditure and Projects Efficiency Authority on May 16 at the Hilton Riyadh Hotel and Residences, reflects the Kingdom’s position as a hub of expertise in procurement and supply chains, according to the Saudi Press Agency.

The agenda will address critical topics, including building sustainable supply chains, enhancing local content, and promoting industry localization. It will also tackle current supply chain challenges and discuss the digital transformation in procurement and corruption in public procurement.

The conference will also focus on building partnerships between organizations in the private sector and government agencies, targeting specialists in the field of procurement and supply chains in the public and the private sectors, decision-makers in the field, and procurement technical systems companies. 


EU urges Israel to end Rafah military operation ‘immediately’

EU urges Israel to end Rafah military operation ‘immediately’
Updated 42 min 26 sec ago

EU urges Israel to end Rafah military operation ‘immediately’

EU urges Israel to end Rafah military operation ‘immediately’
  • EU statement: ‘Further disrupting the distribution of humanitarian aid in Gaza and is leading to more internal displacement, exposure to famine and human suffering’

BRUSSELS: The European Union on Wednesday urged Israel to end its military operation in Gaza’s Rafah “immediately,” warning that failure to do so would undermine ties with the bloc.
“Should Israel continue its military operation in Rafah, it would inevitably put a heavy strain on the EU’s relationship with Israel,” said the statement issued in the EU’s name by its foreign policy chief Josep Borrell.
“The European Union urges Israel to end its military operation in Rafah immediately,” the statement said, warning it was “further disrupting the distribution of humanitarian aid in Gaza and is leading to more internal displacement, exposure to famine and human suffering.”
The bloc — the main aid donor for the Palestinian territories and Israel’s biggest trading partner — said more than a million people in and around Rafah had been ordered by Israel to flee the area to other zones the UN says cannot be considered safe.
“While the EU recognizes Israel’s right to defend itself, Israel must do so in line with International Humanitarian Law and provide safety to civilians,” it said.
The law requires Israel to allow in humanitarian aid, the statement stressed.
The EU also condemned a Hamas attack on the Kerem Shalom border crossing which blocked humanitarian relief supplies.
“We call on all parties to redouble their efforts to achieve an immediate ceasefire and the unconditional release of all hostages held by Hamas,” it said.
Israel’s military operations in Gaza were launched in retaliation for Hamas’s October 7 attack on Israeli which killed more than 1,170 people, mostly civilians, and saw around 250 hostages taken, according to an AFP tally of Israeli official figures.
Israel’s military has conducted a relentless bombardment from the air and a ground offensive inside Gaza that has killed more than 35,000, mostly civilians, according to the Gaza health ministry.
Israel’s main allies, the United States and the EU, as well as the United Nations, have all warned Israel against a major operation in Rafah given that it would add to the civilian toll.