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G8 calls for urgent Syria peace talks despite Russia split

G8 calls for urgent Syria peace talks despite Russia split (AFP) / 19 June 2013 G8 leaders called for a peace conference on Syria to be held as soon as possible but deep divisions remained as Russia stood by its embattled Middle East ally. At the end of two days of tough talks in Northern Ireland, the leaders agreed to push for a transitional government in Syria that could include members of President Bashar Al Assad’s regime who switched sides. The Syria crisis overshadowed a deal by the world’s leading industrialised nations gathered on the picturesque banks of Lough Erne to crack down on tax evasion and share more cross-border financial information. British Prime Minister David Cameron insisted the leaders had forged a strong agreement on Syria despite a split with Russian President Vladimir Putin, but their closing statement was short on concrete steps. Cameron, the summit host, said Assad could not join a transitional administration after the deaths of 93,000 people and what Western nations say is the use of chemical weapons. The G8 communique pointedly made no reference to him however in an apparent concession to Moscow, Assad’s chief arms supplier. The statement said only that the transitional body should be “formed by mutual consent”. The G8 harked back to the chaos after the 2003 invasion of Iraq, saying that Syrian military and security services “must be preserved and restored” in a future set-up. The leaders did not suggest a date for the proposed Syria peace talks, which were supposed to take place this month in Geneva to follow up on a similar meeting last year but have already been delayed. They did however urge Syria to admit chemical weapons investigators and say they were “deeply concerned” by the threat of extremism among the rebels. The Syria conflict has sparked fears of a new cold war with Washington saying last week that it would start arming the rebels against the Russian-backed Syrian regime. Putin, who had an icy confrontation with US President Barack Obama on Monday, was in defiant mood after the summit, saying that Russia would not rule out new arms supplies. He denied however that he had felt frozen out of the summit by the G8, to which Russia was only admitted in 1998 and said that “not a single time did it happen that Russia was left alone in defending its approach to the solution of the Syrian problem”. British officials pointed to Cameron’s efforts to win over Putin in the run-up to the summit, including travelling for talks with the Russian president in Sochi in May. The Black Sea resort will host the next G8 summit on June 4-5, 2014. The G8 nations pledged almost $1.5 billion (1.1 billion euros) in humanitarian aid for refugees inside and outside Syria, including $300 million from the United States and 200 million euros from Germany. French President Francois Hollande meanwhile said that Iranian president-elect Hassan Rohani would be welcome at the Syria peace talks “if he can be useful.” The G8 leaders were more united on tax, vowing concrete steps to target not only illegal tax evasion but also tax avoidance by multinational companies that costs taxpayers billions in lost revenues. And they agreed to stamp out the payment of ransoms for hostages kidnapped by “terrorists”, and called on companies to follow their lead in refusing to pay for the release of their employees. On tax, Cameron heralded a commitment in the declaration to fight the “scourge” of tax evasion and to promote corporate transparency. But activists said the deal came up short. Alex Wilks, campaign director at global civic organisation Avaaz said opposition from Canada and Germany “blocked the strong deal the world demanded.” Hollande said the deal was a “big step forward” but admitted: “We wanted to go even further.” The summit also saw the launch of formal negotiations on a vast trade pact between the United States and the European Union. The meeting was guarded by 8,000 police officers in the biggest security operation ever mounted in Northern Ireland’s troubled history, but protesters were thin on the ground. The G8 brings together Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.   Continue reading

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RTA could bring Dubai Metro expansion forward

Leaders at Dubai's Roads and Transport Authority (RTA) have confirmed that plans to expand the city's Metro network could be brought forward if the emirate's bid for the World Expo in 2020 is successful.The organisation is hoping to complete an AED 5 billion (£866 million) upgrade of the Red Line, but the project could be fast-tracked if the high-profile international event is staged in Dubai.Organisers of the city's bid have outlined potential sites to host the conference and it is likely to end up next to Dubai World Central Airport. If the showpiece is awarded to the sheikhdom, the RTA will be under pressure to provide Metro links between the airport and the rest of the region.Mattar Mohammad Al Tayer, chairman of the board and executive director of the RTA, said plans to expand the Red Line out towards the airport have been in place for some time, Gulf News reports.”As soon as the bid results are out and if we win – which we will Inshallah (God willing), we start the planning and development of the project,” he was quoted as saying.Dubai World Central has only been used to transport cargo to date, but the aviation facility is scheduled to launch passenger flights in October 2013.Conveniently, organisers of the World Expo 2020 are expected to announce the host city just one month later.Mr Al Tayer said the new-look Metro servive will also cover Jebel Ali, which is close to the Expo site, thus enabling even more people to travel to the venue.”We have already floated the tenders for the next stage of Etihad Rail's development. The entire project is expected to be completed by 2017, and that will bring additional traffic to the area,” he added.Earlier this week, the Bureau International des Expositions scrutinised each Expo 2020 bidder and confirmed that Dubai has moved on to the next stage of the process. Thailand's Ayutthaya has withdrawn from the competition, leaving just four contenders, including Izmir in Turkey, Sao Paulo in Brazil, Yekaterinburg in Russia and Dubai. Continue reading

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World Expo 2020 bid and new market status buoy UAE economy

UAE presentation in Paris wins appreciation; Nation is awarded emerging market status Paris and Dubai: Wednesday was a red letter day for the UAE, marking a milestone in the nation’s march to economic progress and prosperity on the international stage. In Paris, the UAE ramped up its bid for World Expo 2020 with an impressive presentation. Dubai is competing against Turkey’s Izmir, Brazil’s Sao Paulo and Russia’s Yekaterinburg following the disqualification of Thailand’s Ayutthaya. The UAE also announced a €150 million (Dh726 million) aid package to support the developing countries’ participation at the Expo 2020 on Wednesday, in addition to the €100 million Partnership Fund to support innovative ideas for creating opportunities, mobility and sustainability as part of Dubai’s bid. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, was present at the presentation at the General Assembly of the Bureau of International Expositions (BIE). Shaikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Shaikh Abdullah Bin Zayed Al Nahyan, Minister for Foreign Affairs, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman of the UAE Higher Committee for Expo 2020, Reem Al Hashemi, UAE Minister of State and Managing Director of the Higher Committee for Expo 2020 bid, and senior officials were present. In the presentation by Princess Haya Bint Al Hussain, wife of Shaikh Mohammad Bin Rashid, the UAE announced a key initiative, Expo Live, which includes funds to ensure greater participation and aid innovation. BIE officials were full of praise for Dubai’s presentation. “It’s impressive and Dubai is a very strong contender,” Ferdinand Nagy, President of BIE, told Gulf News. Vicente Gonzalez Loscertales, Secretary General of the BIE, is keen to see that the Arab world gets its fair share of exposure in the international exposition. “The UAE’s bid is excellent,” he told Gulf News. The final decision will be made at the next general assembly in Paris in November. In New York, the UAE was awarded the coveted emerging market status and inclusion in the MSCI Emerging Market Index. Both the UAE and Qatar were upgraded in a move that could see in infusion of $800 million in local markets, according to estimates from HSBC in London. UAE shares rose on Wednesday as the Abu Dhabi Securities General Index advanced the most since 2009. Dubai also ended in positive territory and Qatar’s benchmark QE Index surged to its highest level in almost five years. Continue reading

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