English हिन्दी
Connect with us

Latest world news

Saudi Arabia, Egypt to set up joint $10 b fund for mega-city

Published

on

Saudi Arabia, Egypt to set up joint $10 b fund for mega-city

In a major bonhomie development between two major US allies in the Middle East, Saudi Arabia and Egypt have decided to set up a joint fund worth more than $ 10 billion to develop a megacity and business zone planned to be built by Riyadh on more than 1,000 square kms of land in the southern Sinai Peninsula, committed by Cairo.

Reuters quoted unnamed Saudi official saying that Egypt has committed land to a planned mega-city and business zone unveiled by Saudi Arabia last October. The territory along the Red Sea is part of a joint fund worth more than $10 billion and announced by the two countries late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman, also known as MBS.

Read More:- Vision 2030: Saudi Crown Prince Unveils Dream City Project

Saudi Crown Prince arrived in Cairo on Sunday evening for a three-day visit and held meeting with President Abdel Fettah el-Sisi. He will travel to London and Washington after Cairo. This is his maiden foreign trip taking him to one of its closest allies in the region

Egypt, UAE and Bahrain had followed Riyadh’s suggestion for severing ties with Qatar in June last year.

Read More:- Saudi Arabia, UAE, Bahrain and Egypt snap ties with Qatar

Prince Mohammed previously announced plans for the 26,500 square km zone, known as NEOM, with its own judicial system and legislation designed to attract international investors, at an international investment conference in Riyadh. The mega-city is supposed to focus on industries such as energy and water, biotechnology, food, advanced manufacturing and tourism.

The location of NEOM, close to Israeli territory and also Egyptian  city of Sharm al-Sheikh, known for its beaches popular among western tourists coupled with ongoing cultural transformation under Crown Prince Mohammed bin Salman indicates the future scenario. The NEOM was originally conceived to develop across Saudi Arabia, Egypt and Jordan.

Saudi Arabia plans to build seven cities and tourism projects, while Egypt will focus on developing the existing resort cities of Sharm El Sheikh and Hurghada, the Saudi official said. The public and private investment in the area was eventually expected to $500 billion mark.

Saudi Arabia, Egypt to set up joint $10 b fund for mega-city

Saudi Arabia is known for its conventional and extremist Wahabi ideology. In recent months thousands of Wahabi preachers were reportedly detained. Videos of religious preachers’ detention even during their speeches in mosques were in public domain.

The Saudi official has also disclosed that the kingdom will also work with Egypt and Jordan to attract European cruise companies to operate in the Red Sea during the winter season. Riyadh is negotiating with seven important cruise companies.

Saudi Arabia will also set up 50 resorts and four small cities as part of a separate tourism initiative announced last August and backed by the country’s Public Investment Fund (PIF).

The Red Sea Project, made up of some 50 islands, will offer a nature reserve, diving on coral reefs and heritage sites. Construction will commence in 2019 and is scheduled to complete its first phase by late 2022.

Latest world news

Asim Munir appointed Pakistan’s first Chief of Defence Forces, to serve 5-year term

Field Marshal Asim Munir has been appointed Pakistan’s first Chief of Defence Forces, consolidating top military authority under a new constitutional amendment.

Published

on

Pakistan has named Field Marshal Syed Asim Munir as its first Chief of Defence Forces (CDF), marking a major restructuring in the country’s military command. The appointment was approved by President Asif Ali Zardari following a formal recommendation from Prime Minister Shehbaz Sharif.

Munir to hold dual charge as COAS and CDF

According to the President’s office, Munir will serve concurrently as Chief of the Army Staff (COAS) and Chief of Defence Forces for a five-year tenure. The creation of the CDF role — introduced under the 27th Constitutional Amendment — aims to centralise top-level military authority.

This decision comes after days of speculation due to delays in issuing the official notification, which was originally expected on November 29, the day Munir’s previous three-year term as army chief ended.

Former Indian security official Tilak Devasher had earlier commented to media that the Prime Minister appeared to be avoiding issuing the notification, leading to confusion within Pakistan’s military command structure.

Zardari also approves extension for Air Chief

Alongside Munir’s elevation, President Zardari approved a two-year service extension for Air Chief Marshal Zaheer Ahmad Babar Sidhu, effective from March 2026. The President extended his best wishes to both officers.

Munir, promoted to Field Marshal earlier this year, becomes only the second military officer in Pakistan’s history to hold this rank — the first being Gen. Ayub Khan.

Continue Reading

Latest world news

Imran Khan accuses Asim Munir of mental torture, says sister after rare jail meeting

Imran Khan has alleged “mental torture” inside Adiala Jail, according to his sister who met him after weeks of blocked access. The family claims authorities are withholding information about his condition.

Published

on

Former Pakistan Prime Minister Imran Khan has alleged that he is being “mentally tortured” in prison and held General Asim Munir responsible for his continued isolation, according to his sister Dr Uzma Khanum, who met him inside Rawalpindi’s Adiala Jail for 20 minutes.

Sister says Khan “angry” over isolation

Dr Khanum told reporters that her brother is allowed out of his cell only briefly and has no means of communication with the outside world. She said Khan expressed anger over the conditions in which he is being held, stating he remains confined all day with no access to his family or party members.

She also said Imran Khan directly blamed General Asim Munir — now seen as Pakistan’s most powerful authority, having consolidated military control and secured lifetime immunity for top officials — for the treatment he is receiving in custody.

Meeting follows weeks of denied access

The rare meeting came after weeks of barred family visits, which fuelled speculation about Khan’s health. His sisters earlier claimed they were assaulted when they sought permission to meet him, while his sons publicly alleged that jail authorities were concealing “something irreversible” about his condition.

One of his sons, Kasim Khan, told media that despite a court order for weekly family meetings, they had no direct or verified contact.

Family members also said prison authorities repeatedly refused entry to Imran Khan’s personal doctor.

Rumours and protests intensify

Before Tuesday’s meeting, neither his relatives nor his Pakistan Tehreek-e-Insaf colleagues had seen him for over 25 days, triggering widespread rumours of his death — speculation that officials did not counter with proof of life even as pressure mounted on Prime Minister Shehbaz Sharif’s government.

PTI’s Senator Khurram Zeeshan claimed Khan was being kept in isolation to force him into leaving Pakistan and accused authorities of withholding photos or videos due to fears over his influence.

The situation has sparked protests across Islamabad and Rawalpindi, including demonstrations outside the Islamabad High Court.

In jail since August 2023

Imran Khan, the 72-year-old former cricketer and World Cup-winning captain, has been incarcerated since August 2023. Rumours about his wellbeing first circulated from social media accounts in Afghanistan, at a time when both countries have been locked in military tensions over a border dispute.

Continue Reading

Latest world news

Trump pledges permanent pause on migration from Third World countries in Thanksgiving message

US President Donald Trump declared that migration from all Third World countries will be permanently paused, criticising current immigration policies and announcing measures to remove non-citizens who he says do not benefit the US.

Published

on

US President Donald Trump has announced that he will “permanently pause migration from all Third World countries”, asserting that the move is necessary for the United States to “recover” and “heal”. His remarks were delivered in a Thanksgiving post, where he sharply criticised the Biden administration’s immigration policies and outlined sweeping measures aimed at restricting migration and removing non-citizens who, he says, do not contribute to the country.

Trump said he intends to reverse what he described as “illegal admissions”, end federal benefits for non-citizens, and strip citizenship from migrants who pose security concerns. He also reiterated plans to deport individuals he considers a “public charge” or “non-compatible with Western Civilization”.

The statement came shortly after two members of the National Guard were shot near the White House, an attack Trump called an “act of terror”.

One National Guard member dies after Washington shooting

Trump confirmed that Specialist Sarah Beckstrom, 20, one of the two West Virginia National Guard soldiers shot near Farragut West Metro station on Wednesday, died of her injuries. The ambush occurred while Trump was in Florida.

The alleged shooter was identified as Rahmanullah Lakanwal, a 29-year-old Afghan national who entered the US in September 2021, according to enforcement officials.

‘Reverse migration’ needed, says Trump

In his post, Trump said his actions aim to significantly reduce “illegal and disruptive populations”, adding that only “reverse migration” can address the current situation. He accused the Biden administration of admitting migrants through an “unauthorized and illegal” approval process.

Concluding his message, he wished Americans a Happy Thanksgiving but added that those who “hate, steal, murder, and destroy” would “not be here for long”.

Attacks on foreign populations and Minnesota officials

Trump also targeted Somali refugees in Minnesota, alleging that gangs from the community are creating fear on the streets. He accused the Minnesota Governor of failing to address the situation due to “fear or incompetence”.

He further criticised Ilhan Omar, accusing her of complaining about the US despite her origins in a “crime ridden” nation.

Comments on America’s foreign-born population

Citing Census estimates, Trump claimed that the US foreign-born population stood at 53 million, alleging that “most are on welfare” or come from “failed nations” or criminal backgrounds. He said American citizens continue to support this population despite personal discomfort.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com