Don't miss

Replay


LATEST SHOWS

THE BUSINESS INTERVIEW

Sir Martin Sorrell: Brexit referendum would be ‘very damaging for UK economy’

Read more

WEB NEWS

Facebook cracks down on viral hoaxes

Read more

THE INTERVIEW

Colombia's Santos 'convinced' that FARC rebels 'want peace'

Read more

IN THE PAPERS

Auschwitz commemorations: 'We must never forget'

Read more

WEB NEWS

'Snowmageddon 2015': Web users brace for massive snow storm

Read more

IN THE PAPERS

'Tsipras’s cumbersome ally'

Read more

MEDIAWATCH

Far-left and far-right celebrate Syriza's victory

Read more

DEBATE

Greece takes on Europe: Historic elections rock status quo (part 1)

Read more

DEBATE

Greece takes on Europe: Historic elections rock status quo (part 2)

Read more

Middle east

Arab leaders pledge $2bn for Gaza but fail to reach unified stance

Latest update : 2009-01-20

Arab leaders meeting in Kuwait Tuesday called for faster integration of Arab states' economies and approved an aid package of 2 million dollars for Gaza. The summit failed, however, to produce a unified stance on the Israeli assault on Gaza.

REUTERS - Arab leaders will agree at a summit on Tuesday to launch a $2 billion reconstruction fund but differences persisted over finding a united stance on the Israeli offensive in Gaza.

Israel’s three-week assault that killed more than 1,300 people has underscored the divide between those allied to Egypt and Saudi Arabia on one side, and those allied to Syria and Qatar on the other.

The debate in Kuwait, which delayed the summit’s final session, was over whether to include strongly worded resolutions recommended at a special meeting on Gaza in Qatar last week, Arab diplomats said.

The Doha meeting called on Arab countries to review their ties with Israel and to suspend a 2002 Arab peace initiative.

However, Arab foreign ministers last week prepared a different set of resolutions for approval by leaders on Tuesday, including a pledge of support for the Palestinian Authority headed by President Mahmoud Abbas.

Abbas, who controls the West Bank but lost control of Gaza to Hamas in 2007, is backed by the West but seen as weak by leaders of some Arab states such as Syria.

The 2002 peace initiative offered Israel normal relations in return for full withdrawal from all Arab land and a just solution to the issue of Palestinian refugees.

King Abdullah said on Monday the initiative was still on the table, but that the Jewish state should not expect it to stay forever.


 

AID AND ENERGY

Leaders were expected to back a $2 billion fund to rebuild Gaza. Saudi Arabia has committed $1 billion to the fund.

A draft of the final declaration obtained by Reuters showed that leaders would focus on increased economic cooperation, with the emphasis on energy.

The draft calls on Arab states to work together to tackle the impact of the global financial crisis on the region and to take part in global efforts to restore financial stability. It urges financial institutions to facilitate credit.

World Bank President Robert Zoellick told Arab leaders in a speech to the summit on Monday that the Arab world must be a part of the global response to the crisis. Western governments have also asked cash-rich Arab oil exporters to contribute to efforts to ease the crisis.

Arab central bankers and finance ministers meeting ahead of the summit last week urged their governments to keep state spending high to shore up domestic economies amid a collapse in oil prices and recession in the industrialised world.

The slump in oil prices has slowed a phase of rapid regional growth, battered investor confidence and strained budgets.

Arab leaders will call for cooperation in the use of nuclear energy for peaceful purposes and the expansion of regional power grids and natural gas networks, according to the draft.

Governments across the Arab world have expressed interest in nuclear power to meet rapidly rising electricity demand. Some of the world’s top oil exporters are looking at nuclear energy to avoid burning fuel at home and keep oil export cash rolling in.

Arab interest in nuclear power has raised fears of a regional arms race with Iran, although Arab states have said they would avoid the processes that could be used to build nuclear bombs.

Date created : 2009-01-20

COMMENT(S)