US airman sets himself on fire outside Israeli embassy in Washington

Police are deployed outside the Israeli Embassy in Washington, Sunday, Feb. 25, 2024, after an active-duty member of the US Air Force was critically injured after setting himself ablaze outside the diplomatic compound. (AP)
Police are deployed outside the Israeli Embassy in Washington, Sunday, Feb. 25, 2024, after an active-duty member of the US Air Force was critically injured after setting himself ablaze outside the diplomatic compound. (AP)
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Updated 27 February 2024
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US airman sets himself on fire outside Israeli embassy in Washington

Police are deployed outside the Israeli Embassy in Washington, Sunday, Feb. 25, 2024.
  • The man had filmed himself shouting “Free Palestine” as he lit himself on fire, according to footage shared on social media
  • In the video, the man is seen wearing military fatigues and declaring he will “not be complicit in genocide” before dousing himself in liquid

WASHINGTON: An active member of the US Air Force has died after setting himself on fire outside the Israeli embassy in Washington over the weekend in protest of the war in Gaza, the Pentagon said Monday.
Emergency responders on Sunday had rushed to the scene just before 1:00 p.m. (1800 GMT) in response to a “call for person on fire outside the Israeli Embassy,” according to a message on X, formerly Twitter, by the capital city’s fire department.
They arrived to find that officers from the Secret Service — the US law enforcement agency tasked with protecting embassies in Washington — had already extinguished the fire.
The man had filmed himself shouting “Free Palestine” as he lit himself on fire, according to footage shared on social media.
He was initially transported to hospital with “critical life-threatening injuries,” the fire department said.
An Air Force spokeswoman told AFP Monday morning that the unnamed “individual involved in yesterday’s incident succumbed to his injuries and passed away last night.”
“We will provide additional details 24 hours after next-of-kin notifications are complete.”
A spokesperson for the Israeli embassy said no staff were injured in the incident, and that the man was “unknown” to them.
In the video shared on social media, the man is seen wearing military fatigues and declaring he will “not be complicit in genocide” before dousing himself in liquid.
He then lights himself on fire while yelling “Free Palestine!” until he falls on the ground.
The video was reportedly first shared in a livestream on the social platform Twitch.
The shocking act came as protests are increasing across the United States against Israel’s actions in Gaza, where it is waging a retaliatory war for an attack on October 7 by Hamas militants.
With the death toll in Gaza nearing 30,000, according to the Hamas-run health ministry there, international pressure has been increasing on the United States to rein in its ally Israel and call for a ceasefire.


Shipment of ‘heavy’ US bombs arrives in Israel

Shipment of ‘heavy’ US bombs arrives in Israel
Updated 11 min 56 sec ago
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Shipment of ‘heavy’ US bombs arrives in Israel

Shipment of ‘heavy’ US bombs arrives in Israel
  • Development takes place as US secretary of state discusses Gaza truce with Israel PM 
  • Israel, Hamas complete sixth swap of nearly month-old ceasefire after 15-month war

TEL AVIV:  Israel’s defense ministry said Sunday that a shipment of “heavy” US-made bombs arrived overnight in Israel, as Marco Rubio began his first visit to the country as Washington’s top diplomat.
“A shipment of heavy aerial bombs recently released by the US government was received and unloaded overnight in Israel,” the ministry said in a statement, referring to MK-84 munitions recently authorized by President Donald Trump’s administration.
Rubio landed at Ben Gurion Airport in Tel Aviv and is due to hold talks with Israeli officials on Sunday when he will highlight Trump’s controversial proposal to take control of the Gaza Strip, which has been devastated by more than 15 months of war between Hamas and Israel.
Coming from Munich, where he took part in a security conference dominated by the Ukraine war, the top US diplomat is set to meet with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Sunday.
Netanyahu, who recently visited Washington where he met Donald Trump, expressed his appreciation for the US president’s “full support” for Israel’s next moves in Gaza.
“Israel will now have to decide what they will do,” Trump posted on Truth Social on Saturday.
“The United States will back the decision they make!” he added.
Rubio arrived in Israel hours after Hamas freed three Israeli hostages in Gaza in exchange for the release of hundreds of Palestinian prisoners in the sixth swap of a nearly month-old ceasefire.
The ceasefire came close to collapse earlier this week and Netanyahu credited “President Trump’s firm stance” with ensuring Saturday’s releases went ahead.
In his meetings, the US top diplomat is expected to discuss the second phase of the ceasefire, which should see the release of remaining hostages and a more permanent end to the war but which has yet to be agreed in detail.
A source close to the negotiations said mediators hope to begin talks on the second phase “next week in Doha.”
Washington has expressed openness to alternative proposals from Arab governments but has stressed that currently, “the only plan is Trump’s.”
Trump has proposed taking control of the Palestinian territory and displacing its residents to Egypt or Jordan, both of which strongly oppose the proposal.
Trump has warned of repercussions for Egypt and Jordan if they do not allow in the more than two million Palestinians in Gaza.
“Right now the only plan — they don’t like it — but the only plan is the Trump plan. So if they’ve got a better plan, now’s the time to present it,” Rubio said on Thursday.

 


Indonesia in talks with UAE to develop aluminium industry

Indonesia in talks with UAE to develop aluminium industry
Updated 12 min 8 sec ago
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Indonesia in talks with UAE to develop aluminium industry

Indonesia in talks with UAE to develop aluminium industry
  • Indonesia has vast reserves of critical minerals, including bauxite, the main source of aluminium
  • UAE’s EGA to help expand production capacity by up to 400,000 tons a year at North Sumatra smelter

JAKARTA: The Indonesian government is in talks with UAE’s Emirate Global Aluminium to develop its aluminium industry, as the Southeast Asian nation seeks to utilize its vast reserves of minerals.

Indonesia has rich deposits of minerals like copper and bauxite — the main source of aluminium — and is the world’s largest source of nickel. Its government has been working to attract foreign investment to help develop its mineral processing industry.

In a meeting with EGA CEO Abdulnasser Ibrahim Saif bin Kalban, Coordinating Minister for Economy Affairs Airlangga Hartarto discussed ways to move forward plans for the Dubai-based company to help aluminium production in Indonesia.

“We need to make sure that cooperation in the aluminium sector will have a significant impact on the Indonesian economy, especially for jobs creation,” he said in a statement issued on Saturday.

Hartarto was at the World Governments Summit in Dubai, where he also held talks with other UAE officials and business leaders.

EGA and state-owned Indonesia Asahan Aluminium, or Inalum, have signed several strategic partnership agreements in the last few years, aimed at boosting Indonesia’s aluminium production capacity. This includes increasing that of Inalum’s North Sumatra smelter by up to 400,000 tons a year.

The Emirati company, one of the world’s largest aluminium producers, also said it was planning to explore alternative sources of renewable energy in Indonesia to support its aluminium production plans.

“With our capabilities and the advanced technology that we use, along with the natural resources potential in Indonesia — we will be able to produce the best alumina in high quantities,” Abdulnasser was quoted as saying.

But Indonesia still needs to work out low-carbon options to generate enough electricity for green aluminium production, according to the Coordinating Ministry for Economic Affairs.

Green aluminium, or low-carbon aluminium, is a sustainable metal produced using methods powered by renewable energy sources, essentially reducing the carbon footprint.


Ministers urge fiscal discipline, smart investment to tackle debt challenges

Ministers urge fiscal discipline, smart investment to tackle debt challenges
Updated 13 min 48 sec ago
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Ministers urge fiscal discipline, smart investment to tackle debt challenges

Ministers urge fiscal discipline, smart investment to tackle debt challenges

RIYADH: Effective debt restructuring requires a thorough understanding of its root causes, said the Russian finance minister at the AlUla Conference for Emerging Market Economies. 

Speaking during a panel titled “High Debt-Low Fiscal Space—Fiscal Consolidation and Multilateral Solutions to Debt Restructuring,” Anton Siluanov emphasized that fiscal prudence and policy monitoring are essential in addressing economic challenges.

“When we restructure the debt, we must be fully cognizant of the underlying causes,” Siluanov said, stressing the importance of careful analysis before implementing financial adjustments. 

He further underscored the responsibility of finance ministries to adopt prudent fiscal policies, ensuring that governments do not exacerbate their debt situations. “If it’s difficult to cut costs, don’t blow them, don’t increase them,” he warned.

The panelists highlighted the need for efficient and targeted financial measures. Mauricio Cardenas, a professor at Columbia University and former Colombian finance minister, argued against indiscriminate budget cuts, saying: “I don’t believe in across-the-board cuts in government expenditures because governments have priorities, countries also have priorities.”

Instead, he called for channeling financial resources more effectively to stimulate economic growth and stability. “In essence, channeling more financing, making sure that financing is more efficient is crucial.”

Saudi Finance Minister Mohammed Al-Jadaan reinforced the importance of strategic financial planning, urging countries to “utilize your fiscal space in the most optimal way.”

His remarks were particularly relevant in the context of Saudi Arabia’s economic positioning, as the Kingdom continues to lead major financial initiatives in the region.

Zambian Finance Minister Situmbeko Musokotwane pointed to investment opportunities in resource-rich nations, particularly critical minerals necessary for global decarbonization efforts. 

“Countries like Saudi Arabia, with a lot of financial capital, the good news is that with the efforts to decarbonize the materials—copper, manganese, nickel, and so forth—they’re in my country, so come and invest,” he said.

The discussion underscored the necessity of maintaining fiscal discipline while ensuring targeted investments that drive sustainable economic growth. 

The panelists agreed that careful financial oversight, efficient resource allocation, and strategic investment remain central to overcoming debt challenges in emerging markets.

The two-day summit, held in the Arabian oasis of AlUla, aims to generate actionable recommendations to strengthen financial stability and promote sustainable growth in emerging economies.

Key discussions will focus on the role of artificial intelligence and digital transformation in driving economic progress. Participants will explore strategies for enhancing economic resilience and fostering stronger cooperation between emerging and advanced economies to promote a more equitable and sustainable future.


Financial discipline crucial while pursuing economic diversification efforts: Qatari minister

Financial discipline crucial while pursuing economic diversification efforts: Qatari minister
Updated 22 min 46 sec ago
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Financial discipline crucial while pursuing economic diversification efforts: Qatari minister

Financial discipline crucial while pursuing economic diversification efforts: Qatari minister
  • Qatar’s minister of finance said Middle East countries have engaged in healthy competition as they pursue economic diversification
  • He was speaking during a panel discussion at the AlUla Conference for Emerging Market Economies

RIYADH: Maintaining financial discipline is crucial for countries in the Middle East as they work to diversify their economies and reduce reliance on energy revenues, according to a Qatari minister. 

During a panel discussion at the AlUla Conference for Emerging Market Economies organized by the Saudi Ministry of Finance and the International Monetary Fund, Ali bin Ahmed Al-Kuwari, Qatar’s minister of finance, said that countries in the Middle East have engaged in healthy competition as they pursue their economic diversification journeys. 

Saudi Arabia’s Vision 2030, Qatar’s Vision 2030, and the UAE’s Vision 2031 programs are focused on transitioning from a hydrocarbon-based economy to a knowledge-driven one.

These initiatives also aim to strengthen non-energy sectors, which include tourism, hospitality, manufacturing, and technology.

“While we build the diversification, it is very important to have a long-term view of how we see things change in terms of revenue and expenditure. The fiscal policy framework in Qatar builds different scenarios for revenue. We build discipline around the spending so the spending goes to the right places. We make sure that surpluses go in the right direction,” said Al-Kuwari. 

He added: “Surplus goes to the Qatar Investment Authority because it is Qatar’s revenue diversification engine. A part of the surplus also goes to the shock absorption buffer by enhancing the Qatar Central Bank reserves. Part of it is also reinvested in the economy itself to achieve diversification.” 

A panel discussion was held during the AlUla Conference for Emerging Market Economies on ‘Emerging Markets: Policy Challenges Amid Structural Shifts in the World Economy.’ AN Photo

According to the minister, countries including the Kingdom, the UAE, Bahrain, Kuwait, and Oman are all diversifying their economies effectively. 

“Saudi, UAE, Bahrain, Kuwait, Oman everyone is working together. It is a healthy competition. We are also complementing each other,” the minister said.

He also said that Qatar’s economic diversification is based on four sectors, including technology, low-carbon manufacturing, logistics, and tourism, adding that the nation has already started seeing the results. 

“In tourism, during the World Cup in 2022, we received 2.3 million visitors. In 2023, the year after the World Cup, visitors increased to 4 million, and in 2024, we welcomed 4 million,” said Al-Kuwari. The Qatari minister also said his country seeks to increase the production of liquefied natural gas by 80 percent in a phased manner by 2030, and it will help ensure a sufficient energy supply in the world. 

During the event, which was held in the historic city of AlUla and runs from Feb. 16— 17, Jin Liqun, president and chairman of the Asian Infrastructure Investment Bank, said the entity is closely cooperating with other multilateral development banks to assist the funding needs in emerging economies. 

“We do not work alone, as a new institution, we work with our peer institutions, and other members of the MBD family. We develop our policy lending to support the countries’ efforts toward net zero,” said Liqun. 

He added: “We provide local currency financing. We can help countries to avoid currency risks, and also we believe that it is important to introduce climate-resilient debt crisis financing. This provides temporary relief after climate disasters. We have a soft fund window to help reduce the costs of infrastructure investments.” 

Jin Liqun, president and chairman of the Asian Infrastructure Investment Bank, speaks during the panel discussion. AN Photo

Liqun further said that the Asian Infrastructure Investment Bank is assisting emerging economies in positioning themselves within the global green economy and accessing its value chains.

“The green transition is a major opportunity for emerging countries, especially countries in the Gulf Cooperation Council regions. This is a great opportunity for GCC countries to develop sustainable and resilient economies,” added Liqun. 

The Dean of the School of Economics and Business at the University of Chile, Jose De Gregorio, said emerging markets should continue doing what they are doing now but should also effectively address the potential risks as time progresses. 

“Emerging markets should keep doing things which they are doing now. However, there are risks which we have to take into account and be prepared for. First, fiscal policies are not as strong as they were fifteen years ago. Why? Because we have spent a lot of money during the previous crisis. The second one is the geopolitical thing,” added De Gregorio. 

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, said countries should possess a deep knowledge of their economies before making strategic fiscal policy decisions. 

“My experience has been that it is important for economies to understand their own economies and not just necessarily go in line with what everybody else is doing,” said Cardoso.


Saudi Arabia’s Northern Borders region holds $1.22tn in mining resources

Saudi Arabia’s Northern Borders region holds $1.22tn in mining resources
Updated 39 min 28 sec ago
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Saudi Arabia’s Northern Borders region holds $1.22tn in mining resources

Saudi Arabia’s Northern Borders region holds $1.22tn in mining resources

JEDDAH: Saudi Arabia’s Northern Borders region, home to an estimated SR4.6 trillion ($1.22 trillion) in mineral resources, is emerging as a key driver of economic growth and investment, according to the Ministry of Industry and Mineral Resources.

The region is a major hub for phosphate production, a critical component in global food security due to its use in agricultural fertilizers. Mining projects in Waad Al-Shamal, an industrial city dedicated to the sector, have positioned Saudi Arabia among the world’s leading phosphate producers and exporters.

As part of Vision 2030, the Kingdom is accelerating efforts to develop its mining sector and reduce its reliance on oil and gas. The ministry has identified mining as a key pillar of economic transformation, focusing on resource efficiency and attracting both local and international investment.

Jarrah bin Mohammed Al-Jarrah, spokesman for the ministry, said the region contains significant deposits of phosphate, coal, dolomite, limestone, and silica sand. It also has five phosphate ore sites and 29 active mining licenses, including 15 for building material quarries and 14 for mineral exploitation.

Beyond mining, the Northern Borders region is expanding its industrial footprint, with 61 factories operating across Arar, Tarif, and Rafha in sectors such as building materials, food processing, and chemicals, Al-Jarrah said.

The developments come as minister of industry and mineral resources Bandar bin Ibrahim Al-Khorayef began a visit to the region on Feb. 16 to assess industrial and development projects aimed at strengthening its role as a mining hub. His visit aligns with the ministry’s broader strategy to attract investment and position mining as a key sector in Saudi Arabia’s economic diversification.

Saudi Arabia’s mining ambitions have gained significant momentum in recent years. At a meeting in July, Alkhorayef highlighted that the estimated value of the Kingdom’s mineral wealth had surged from $1.3 trillion to $2.5 trillion by early 2024 — a 90 percent increase — driven by government investments in geological surveys, exploration, and private sector participation. 

The rise in valuation reflects a more comprehensive understanding of the country’s vast mineral potential, as well as increasing demand for critical minerals needed for global energy transitions.