Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Abbas, US speaker Pelosi hold rare West Bank meeting

Palestinian Authority President Mahmoud Abbas (R) speaks with US House Speaker Nancy Pelosi in Ramallah, West Bank, on February, 17, 2022.
  • Abbas urged US action on what he described as "unilateral Israeli practices" that "undermine a two-state solution."
  • Those included expansion of Jewish settlements in the West Bank and moves to evict Palestinians from various parts of Israeli-annexed east Jerusalem

Palestinian president Mahmud Abbas met with US House Speaker Nancy Pelosi in the Israeli-occupied West Bank Thursday for talks on reviving a two-state solution to the conflict, Abbas’s office said.

It was one of the highest-level meetings with an American official in recent years for the 86-year-old Palestinian president.

Abbas urged US action on what he described as “unilateral Israeli practices” that “undermine a two-state solution.” 

Those included expansion of Jewish settlements in the West Bank and moves to evict Palestinians from various parts of Israeli-annexed east Jerusalem, which Palestinians claim as their future capital.

Relations between the US and the Palestinian Authority effectively collapsed during former president Donald Trump’s administration, notably after Trump recognised Jerusalem as Israel’s “undivided capital.”

There have been a series of US outreaches to Abbas and the PA since President Joe Biden took office last year.

Palestinian opinion polls show that support for Abbas and the PA are at historic lows, especially after the ageing president scrapped plans to hold elections last year.

Experts say Washington is keen to work with its staunch ally Israel to bolster the embattled PA, especially as a bulwark against Hamas, the Islamists who control the Gaza strip.

Hamas is designated as a terrorist organisation by much of the West.

Pelosi, who was leading a delegation of eight Democratic party lawmakers to the region, had previously met top Israeli officials, including Prime Minister Naftali Bennett earlier Thursday.

Bennett thanked her for her “ongoing support for Israel.”

In talks with Israeli officials, Pelosi and the US delegation affirmed “America’s ironclad commitment to the State of Israel,” the speaker’s office said in a statement.

“We repeatedly reaffirmed America’s commitment to a just and enduring two-state solution that enhances stability and security for Israel, Palestinians and their neighbors.”