English हिन्दी
Connect with us

Latest world news

Israel to connect Saudi Arabia with rail transport

Published

on

Israel to connect Saudi Arabia with rail transport

Netanyahu to promote “Track of Regional Peace”

Amidst growing contacts between Israel and Saudi Arabia without formally having diplomatic ties, Israeli Prime Minister Benjamin Netanyahu and his transport minister Katz have agreed to begin promoting their “Tracks for Regional Peace” initiative which is aimed to create route connecting Europe with Gulf and Israel.

Israel’s Hadashot news revealed it on Saturday saying “Track of Regional peace” is based on the planned extension of railway tracks in northern Israel. It would link Haifa’s seaport to Jordan’s rail network, which in turn will be linked with that of Saudi Arabia and other Sunni Arab states.

The Times of Israel reports that “the network is envisioned as creating a regional transportation system to enhance trade relations and promote peaceful coexistence.”

According to a Public Relations video from Netanyahu and Katz’s offices, the initiative will see the erstwhile extension of the Haifa-Beit She’an rail line to Jordanian border and will also include a stop in Jenin, connecting the Palestinians to the broader plan. Goods would be shipped from Europe to Haifa, allowing them to bypass civil war-torn Syria.

Israel to connect Saudi Arabia with rail transportEarlier in April, Israeli Intelligence and Transport Minister Yisrael Katz told London based Saudi funded online newspaper, had described about the railway project. He reportedly said, “This is not a dream at all. This can be realized if there is a will”.

The Israeli minister was allowed to reach Arabic speaking people through Saudi publication at a time when there were wide-spread protests against US President Donlad Trump’s announcement of his intention to recognize Jerusalem as the capital of Israel.

Read More: Isolated Trump gets Saudi Arabia, Israel support on Iran deal withdrawal

Katz’s proposal was to :revive” the historic Hejaz railway by extending the current Haida-Beit Shein train line in Israel into Jordan and joining it with an extra line extending from the Palestinian city of Jenin. New tracks will be laid in Jordan from the crossing to Irbid, which would connect with esisting and new lines extending north to Damascus, the Syrian capital, east towards Iraqi capital Baghdad, South through Saudi Arabia to the Red Sea and the Gulf.

He reportedly said, “My vision to connect Saudi Arabia and the Gulf states and Jordan to the Haifa port and the Mediterranean Sea will transform Israel into a centre for naval transport and strengthen the Israeli economy.”

Read More: US, Saudi Arabia ask Palestinians to talk to Israel

Israel has allocated 15 million shekals ($4.3 billion), in its 2019 budget, to extend the current railway to Sheikh Hussein border crossing in Jordan.

TRT World reported at that time saying, “Unlike the environment Israel found itself in during its establishment in Palestine 70 years ago, it has forged ties with several unlikely allies and partners in the region as the dynamics in the Middle East are increasingly shaped by Saudi Arabia’s attempts to counter Iran’s growing presence and power in the region.”

Read More: Mike Pompeo visits Saudi Arabia, Israel and Jordan

Beirut based Hezbollah owned Al-Manar network reports, “It is worth noting that Netanyahu and other Israeli officials have repeatedly highlighted the cooperation ongoing between the Zionist entity and a number of Arab states in various domains”. Like Iran, Hezbollah does not recognize Israel as a country, instead they call it “Zionist entity”.

Latest world news

Pakistan hit by 5.5-magnitude earthquake, no casualties or damage reported

A 5.5-magnitude earthquake jolted Pakistan on Friday, with authorities reporting no immediate casualties or significant damage.

Published

on

earthquake-tremors

A magnitude 5.5 earthquake struck Pakistan on Friday, sending tremors across several parts of the country. However, authorities said there were no immediate reports of casualties or significant property damage.

According to seismic monitoring agencies, the earthquake was recorded at a considerable depth, which may have reduced the impact on the surface. Residents in several cities reported feeling the tremors, prompting many to move outdoors as a precaution.

Emergency and disaster management authorities began assessing the situation soon after the quake. Initial assessments indicated that no major damage to infrastructure or loss of life had been reported. Officials continue to monitor the situation for possible aftershocks.

Pakistan lies in a seismically active region due to the interaction of the Indian and Eurasian tectonic plates, making earthquakes a frequent occurrence in several parts of the country.

Continue Reading

Latest world news

Twin earthquakes strike Venezuela within 39 seconds, triggering panic in Caracas

Venezuela witnessed two powerful earthquakes within 39 seconds, triggering panic in Caracas, damaging infrastructure and leading authorities to declare a state of emergency.

Published

on

Two powerful earthquakes struck Venezuela within just 39 seconds, causing widespread panic, damaging buildings and disrupting key infrastructure in and around the capital, Caracas.

According to the United States Geological Survey (USGS), the first earthquake measured magnitude 7.2 and struck on Wednesday evening near the coastal town of Moron. Just 39 seconds later, a stronger 7.5-magnitude tremor hit roughly 45 kilometres away, creating what seismologists described as a “doublet” earthquake sequence.

The back-to-back quakes sent residents rushing into the streets as buildings shook violently across Caracas. Several structures suffered severe damage, with reports of building collapses in parts of the capital. Rescue workers were deployed to search through rubble while emergency teams assessed the extent of the destruction.

Visuals shared on social media showed scenes of chaos at Simon Bolivar International Airport, where parts of the terminal roof reportedly collapsed, filling sections of the facility with dust and smoke. Passengers were seen evacuating the airport as power flickered during the tremors. Authorities later announced the closure of the airport because of significant damage.

More than 20 aftershocks were recorded following the twin earthquakes, raising concerns about additional structural damage. The USGS warned that the disaster could result in significant casualties and economic losses, while landslides were also reported in affected areas.

Venezuela’s interim president Delcy Rodriguez declared a state of emergency following the earthquakes and urged citizens to remain cautious as emergency response efforts continued. Opposition leader Maria Corina Machado also expressed solidarity with those affected by the disaster.

The earthquakes are being described as among the strongest to strike Venezuela in more than a century. Authorities continue to assess the full scale of the damage and search for possible victims trapped beneath collapsed structures.

Continue Reading

Latest world news

London court orders Nirav Modi to pay Bank of India over $11.5 million in loan guarantee case

A London court has ruled that fugitive businessman Nirav Modi must pay Bank of India more than $11.5 million, including interest, in a loan guarantee dispute.

Published

on

Fugitive diamond merchant Nirav Modi has been ordered by a London court to pay Bank of India more than $11.5 million, including accrued interest, in connection with a personal guarantee linked to a loan extended to one of his Dubai-based firms.

In a significant ruling delivered by the London Circuit Commercial Court, Justice Simon Tinkler held that Modi remained liable under the personal guarantee issued for a loan granted to Firestar Diamond FZE, a Dubai-incorporated company associated with him. The court rejected Modi’s challenge to the enforceability of the guarantee.

The court examined whether Modi had been properly served with a demand notice, whether the demand related to a liability owed to the bank, and whether the personal guarantee was legally enforceable. Justice Tinkler ruled in favour of Bank of India on all three issues.

According to the judgment, Modi is liable for the principal outstanding amount of $4.1 million. After adding accumulated interest, the total payable amount has risen to an estimated $11.5 million as of March 2026, with additional interest continuing to accrue.

The public sector lender has been pursuing recovery proceedings against Modi since 2018, following the emergence of allegations involving companies linked to the businessman. Modi, who has largely represented himself in the proceedings, is currently lodged in a UK prison while contesting his extradition to India in a separate Punjab National Bank fraud and money laundering case.

Law firm Fladgate LLP, representing Bank of India, clarified after the verdict that the proceedings were strictly related to a commercial banking recovery claim and did not deal with the wider allegations connected to the Punjab National Bank fraud case.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com