News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Lebanon to Ask Saudi Arabia for $3-Billion Army Grant

Lebanon's President Joseph Aoun plans to ask Saudi Arabia to reactivate a $3-billion aid package to the Lebanese army during his upcoming visit, amid efforts to rebuild the country after a year of Israeli strikes. The request comes as Lebanon faces significant reconstruction costs and foreign support is contingent on enacting long-awaited financial reforms. Aoun's goal is to strengthen economic and political ties with Saudi Arabia while addressing pressing domestic issues.

See Also

Lebanon Seizes $2.5 Million Bound for Hezbollah Δ1.78

Lebanon seized $2.5 million in cash from a man arriving from Turkey on Friday, the finance ministry said, with three sources saying the money was destined for militant group Hezbollah. The seizure was made under terms of a ceasefire agreement reached by Israel and Hezbollah in November, requiring Lebanon to deploy its army into south Lebanon. A senior Lebanese source close to Hezbollah denied allegations that the group is trying to regain strength and rearm with Iranian assistance.

Gaza Reconstruction Plan Gets Global Backing Despite Israeli Rejection Δ1.77

The foreign ministers of France, Germany, Italy, and the UK have expressed support for an Arab-backed plan to reconstruct Gaza, which would cost $53 billion and prioritize Palestinian self-governance. The plan aims to create a more sustainable and realistic path for Gaza's reconstruction, promising swift and significant improvements in living conditions. However, Israel and the US have rejected the proposal, with the latter presenting its own vision for transforming the Gaza Strip into a "Middle East Riviera".

Arab Summit to Focus on Egypt's Alternative to Trump's 'Gaza Riviera' Δ1.76

Egypt is preparing to present a $53 billion reconstruction plan for Gaza at an upcoming Arab summit, emphasizing the need to avoid the resettlement of Palestinians while addressing the devastation caused by the ongoing conflict. The plan, which lacks clarity on governance in Gaza and who will fund the reconstruction, aims to offer a counter-narrative to U.S. President Trump's proposed vision for the region. As Arab leaders discuss this plan, the imperative of establishing Palestinian self-governance remains a contentious and unresolved issue.

Yemen's Houthis Give Israel Four-Day Deadline to Lift Gaza Aid Blockage Δ1.75

The leader of Yemen's Houthis has issued a four-day ultimatum to Israel to lift its blockade on aid entering Gaza, threatening to resume naval operations against Israeli interests if the demand is not met. This announcement marks a potential escalation in the Houthis' military engagement, which had previously diminished after a ceasefire in January, and reflects their ongoing support for Palestinians amid the conflict with Hamas. The situation highlights the intricate web of alliances and tensions in the region, as the Houthis, aligned with Iran, continue to assert their influence over maritime operations linked to the broader conflict.

Gaza Reconstruction Plan Ready, Pushes Efforts for Ceasefire's Second Phase Δ1.75

Egypt's Gaza reconstruction plan is ready and will be presented at an emergency Arab summit in Cairo on Tuesday, ensuring Palestinians remain in their land. Egyptian Foreign Minister Badr Abdelatty said the plan, which has international backing and funding, aims to counter a U.S. proposal that has sparked anger among Palestinians and Arab nations. The fragile ceasefire agreement's first phase has expired, with Israel blocking aid trucks into Gaza as tensions escalate.

Us Plans Emergency $3 Billion Israel Arms Deals Δ1.74

The U.S. State Department has approved the potential sale of nearly $3 billion worth of bombs, demolition kits and other weaponry to Israel, which could fuel concerns about truce violations between the two sides in a fragile ceasefire agreement. The prospective weapons sales were notified to Congress on an emergency basis, sidestepping a long-standing practice of giving lawmakers more time to review the sale. The deliveries are expected to begin in 2026, but the possibility of immediate delivery for some of the weapons raises questions about the urgency and intentions behind the deal.

Trump Selects Michel Issa to Be US Ambassador to Lebanon Δ1.73

The U.S. President's selection of Michel Issa as the next U.S. ambassador to Lebanon marks a significant shift in diplomatic strategy, with Trump's endorsement reflecting a desire to promote American business interests and economic ties with the region. As a seasoned banking expert and international trade leader, Issa brings valuable experience to the role, which is crucial given Lebanon's complex geopolitical landscape. The appointment also underscores the administration's commitment to strengthening bilateral relations between the U.S. and Lebanon.

Macron to Meet with Army Chiefs as US Pauses Intelligence Sharing with Ukraine Δ1.73

The United States has temporarily halted intelligence sharing and military aid to Ukraine, raising concerns about the future of US support following a breakdown in relations between President Trump and President Zelensky. In response, French President Emmanuel Macron has called for a meeting of European army chiefs, emphasizing the need for Europe to prepare for a future without US assistance and to increase defense spending. This development highlights the fragile dynamics of international alliances and the potential implications for Ukraine's defense capabilities in the ongoing conflict.

TRUMP May Restore Ukraine Aid PENDING Confidence-Building Measures Δ1.73

President Donald Trump will consider restoring aid to Ukraine if peace talks are arranged and confidence-building measures are taken, White House national security adviser Mike Waltz said on Wednesday. Trump halted military aid to Ukraine on Monday, his latest move to reconfigure U.S. policy and adopt a more conciliatory stance toward Russia. The letter from Ukrainian President Volodymyr Zelenskiy that expressed willingness to come to the negotiating table was seen as a positive first step.

Egypt's Alternative to Trump's 'Gaza Riviera' Aims to Sideline Hamas Δ1.73

Egypt has drafted a plan for Gaza that seeks to replace Hamas with interim governance bodies managed by Arab, Muslim, and Western states, countering U.S. President Trump’s controversial vision for the region. The proposal, which will be presented at an Arab League summit, does not address critical issues such as funding for reconstruction or the timeline for implementation, leaving significant uncertainties regarding governance and security in the aftermath of ongoing conflict. While the plan aims to facilitate humanitarian aid and reconstruction, it faces rejection from Hamas and lacks detailed provisions for the future political landscape of Gaza.

Norway Plans to Raise Financial Support for Ukraine, Prime Minister Says Δ1.73

The Norwegian government is set to ask parliament to increase its financial backing for Ukraine, with Prime Minister Jonas Gahr Stoere stating that the country will return to parliament in the near future with a proposal to boost support. Norway's parliament agreed to spend 35 billion Norwegian crowns ($3.12 billion) on military and civilian aid for Ukraine last year, and has also committed to spending 155 billion crowns from 2023 to 2030. The move comes as tensions between Russia and the West continue to escalate over the ongoing conflict in Ukraine.

Rubio Signs Declaration to Expedite $4 Billion in Military Aid to Israel Δ1.72

U.S. Secretary of State Marco Rubio has signed a declaration to expedite the delivery of approximately $4 billion in military assistance to Israel, allowing for swift execution of long-standing commitments to the country's security. The Trump administration previously approved nearly $12 billion in major foreign military sales to Israel, with Rubio using emergency authority to accelerate this process. This decision comes as tensions between Israel and Hamas remain high, despite a fragile ceasefire agreement that halted 15 months of fighting.

US to Press Ukraine for Truce Commitments at Saudi Meeting Δ1.72

The US and Ukrainian officials will meet in Saudi Arabia this week to discuss the timing and scope of an initial ceasefire with Russia, with multiple points of tension still to be ironed out. The planned talks follow intense pressure by President Trump's administration on Ukrainian leader Volodymyr Zelenskiy, including the suspension of military aid and intelligence assistance. An economic agreement between Washington and Kyiv on Ukraine's natural resources has been tied to securing a truce commitment.

PGA Tour Looking to 'Reunify the Game' With $1.5 Billion LIV Golf Deal, Commissioner Says Δ1.72

The PGA Tour is making a significant investment in an effort to reunify the golfing world, as a deal with Saudi Arabia-backed LIV Golf could potentially bring back some of the top players who have defected to the rival league. The proposed $1.5 billion deal would not only address the talent drain but also help to revitalize the game by increasing purses and offering more competitive opportunities for golfers. This move is a response to the growing influence of LIV Golf, which has disrupted the traditional golf landscape with its lucrative offers and innovative approach.

Poland May Redirect EU Funds Towards Defence, Minister Says Δ1.71

Poland will review its Recovery and Resilience Plan with a view to redirecting funds towards defence and economic resilience, according to Polish Funds Minister Katarzyna Pelczynska-Nalecz. The country has received nearly 60 billion euros in grants and cheap loans from the EU recovery facility, which could be reallocated to support national security efforts. Poland's government is also working on a bill to increase public investments in defence, with the aim of adopting it next week.

Israel Lobbies Us to Keep Russian Bases in Weak Syria Δ1.71

Israel is lobbying the United States to keep Russia's military presence in Syria weak and decentralized, including by letting Russia keep its military bases there to counter Turkey's growing influence in the country. Israel supports Russia's military presence in Syria, as it sees Turkish President Tayyip Erdogan's alliance with Syria's new Islamist rulers as a threat to Israel's borders. The lobbying points to a concerted Israeli campaign to influence U.S. policy at a critical juncture for Syria.

Exclusive Funding for Germany's Defence and Infrastructure in Jeopardy Δ1.71

Economists are considering billions of euros for special funds to boost Germany's defence and infrastructure spending, with a sense of urgency heightened by a heated meeting between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. The proposed funds are expected to be substantial, with estimates ranging from 400 billion to 500 billion euros for the infrastructure fund alone. However, no final decisions have been made yet, and parties in talks to form Germany's new government coalition have declined to comment on the details.

Kremlin Says Pause of U.S. Military Aid to Ukraine Is Best Hope for Peace Δ1.71

The Kremlin has expressed support for pausing US military aid to Ukraine, suggesting it could be a significant step towards peace in the conflict-torn region. Russia's President Vladimir Putin sent tens of thousands of troops into Ukraine in 2022, triggering a major confrontation with Western powers. The pause in aid, proposed by US President Donald Trump following his clash with Ukrainian leader Volodymyr Zelenskiy, could potentially reduce tensions and encourage Kyiv to engage in peace talks.

Neom's Futuristic City Plans Taken over by Financial Disaster, Except for Mckinsey & Co Δ1.71

Neom's massive, 105-mile-long linear city project has become a financial sinkhole due to delays and cost overruns. The project, which was initially envisioned as a futuristic, carbon-neutral hub, is now projected to take another 55 years to complete and will likely cost $8.8 trillion, exceeding Saudi Arabia's annual budget by more than 25 times. The internal audit presented to Neom's board last summer revealed the bleak financial outlook, raising concerns about the project's viability.

Israel to Send Delegation to Doha for Ceasefire Talks as Mediators Push for Progress Δ1.70

Israel has accepted an invitation from mediators to send a delegation to Qatar's Doha on Monday to advance ceasefire negotiations, following positive indicators from Hamas for the start of the second-phase talks. Hamas has reaffirmed its readiness to engage in the negotiations, calling for intensified efforts to aid the Gaza Strip and lift the blockade on its people. The fragile 42-day truce that began in January is set to expire soon, prompting concerns about a potential escalation of violence.

Norway Should Raise Ukraine Aid, Defence Spending, Says PM Δ1.70

Norway aims to boost financial aid to Ukraine significantly and also raise its own defence spending at a time of heightened global uncertainty, Prime Minister Jonas Gahr Stoere of the ruling Labour Party told parliament on Thursday. The country has seen soaring income from gas sales to Europe as a result of Russia's 2022 Ukraine invasion, and faces pressure at home and abroad to boost its aid. Norway has already agreed to spend 35 billion crowns ($3.22 billion) on military and civilian support for Ukraine in 2025.

Zelenskiy Heads to Saudi Arabia Ahead of Crunch US Talks Δ1.70

Ukraine's President Volodymyr Zelenskiy is set to meet with Saudi Crown Prince Mohammed bin Salman on Monday, as tensions over the war in Ukraine continue to escalate. The US has shifted its stance, engaging directly with Moscow while cutting off military assistance and intelligence sharing for Kyiv. A bilateral minerals deal between Ukraine and the US will also be discussed during the talks, with Zelenskiy emphasizing the need for a realistic peace agreement.

Foreign Aid Groups Ask Us Supreme Court to Require Trump to Release Funds Δ1.70

Foreign aid organizations have petitioned the U.S. Supreme Court to compel the Trump administration to release nearly $2 billion in withheld payments for work already completed by contractors and grantees associated with USAID and the State Department. A federal judge had mandated these payments, arguing that the ongoing funding freeze would cause irreparable harm to both the organizations and the vulnerable populations they serve. The case highlights the tension between governmental authority and the operational capabilities of independent agencies as foreign aid efforts face severe disruptions.

Turkey Wants Iraq-Turkey Pipeline to Operate at Maximum Capacity Δ1.70

Turkey wants an Iraq-Turkey oil pipeline to operate at maximum capacity once it resumes flows through Turkey's Ceyhan, as stated by Turkish Energy Minister Alparslan Bayraktar. The pipeline was halted in 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion in damages for unauthorized exports between 2014 and 2018. Turkey has been ready to resume operations at the pipeline since late 2023, with Bayraktar stating that it is essential to use the full capacity of the pipelines.