Search Site

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Hungary unsure of shifting Israeli embassy to Jerusalem

Over the years, Hungary’s Prime Minister Orban has assisted Netanyahu. (AFP)
  • The Times of Israel reported Friday the decision by Hungary is an act of support for Israel by Prime Minister Orban
  • If Hungary shifts its capital to Jerusalem, it would become the first European Union country to do so

Budapest, Hungary – Hungary President Katalin Novak said Friday his country has taken no decision on moving its embassy to Jerusalem.

He was reacting to a report in The Times of Israel that Hungary will shift its embassy to Jerusalem next month as a mark of support for Israel by Prime Minister Viktor Orban, Reuters reported.

If Hungary shifts its capital to Jerusalem, it will become the first European Union country to do so, the report said.

Israel claims Jerusalem as its capital, but most countries refuse to recognize the claim due to its dispute under international law and a pending resolution of the conflict between Israel and Palestine.

“I also read news in the press,” the Hungarian President Novak said. “In Hungary, a decision so far has not been made on moving our embassy in Israel,” he added.

“The ministry would provide updates on any changes to the embassy in all cases,” Hungary’s Foreign Ministry spokesperson Mate Paczolay said, while refusing to confirm the report.

An Israeli foreign ministry spokesman did not comment on the issue.

Over the years, Hungary’s Prime Minister Orban has assisted Netanyahu by blocking EU activities that criticized Israel in the past, the report said.