INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Israel riled as Australia stops recognising Jerusalem as its capital

The Israeli foreign ministry said it had summoned the Australian ambassador to lodge a formal protest. (AFP)
  • In 2018, a conservative government led by Scott Morrison followed then US president Donald Trump's lead in naming west Jerusalem as the Israeli capital.
  • Jerusalem is claimed by both Israelis and Palestinians, and most foreign governments avoid formally declaring it the capital of any state.
JerusalemUndefined– Israeli Prime Minister Yair Lapid on Tuesday sharply criticized Australia’s decision to stop recognizing west Jerusalem as his country’s capital, reversing a decision by a previous right-wing government.

Lapid described the move as a “hasty response”, adding: “We can only hope that the Australian government manages other matters more seriously and professionally.

“Jerusalem is the eternal and united capital of Israel and nothing will ever change that,” the prime minister added in a statement released by his office.

The Israeli foreign ministry said it had summoned the Australian ambassador to lodge a formal protest.

Announcing the change of policy by Australia’s center-left government, Foreign Minister Penny Wong said the city’s status should be decided through peace talks between Israelis and Palestinians, and not through unilateral decisions.

“We will not support an approach that undermines” a two-state solution, she said, adding: “Australia’s embassy has always been, and remains, in Tel Aviv”.

In 2018 a conservative government led by Scott Morrison followed then-US president Donald Trump’s lead in naming west Jerusalem as the Israeli capital.

The move caused a domestic backlash in Australia and caused friction with neighboring Indonesia — the world’s most populous Muslim-majority nation — temporarily derailing a free trade deal.

Jerusalem is claimed by both Israelis and Palestinians, and most foreign governments avoid formally declaring it the capital of any state.