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

Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov

The organizers said that Russian Foreign Minister Sergey Lavrov will be the guest of honor at the Valdai Middle East Forum. (TASS)
  • According to the Russian foreign minister, the initiative is driven by the intention to de-escalate things and bring the situation back to normal.
  • He said that the Turkish initiative is rooted in the desire to ensure a balance of interests, rather than favoring one party.

PYONGYANG, NORTH KOREA – Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the Israeli-Palestinian conflict, with Moscow and Ankara staying in touch on the issue, Russian Foreign Minister Sergey Lavrov said here.

“We are ready to discuss any constructive proposals. The said initiative … is clearly driven by the intention to de-escalate things and bring the situation back to normal,” Russia’s top diplomat said.

To him, the Turkish initiative is rooted in the desire to ensure a balance of interests, rather than favoring one party at the expense of another, TASS news agency reported.

“We are ready to work together to consider this (initiative),” Lavrov said.

Earlier, Turkish Foreign Minister Hakan Fidan announced Ankara’s plans to address the Organization of Islamic Cooperation (OIC) with a proposal to join forces to resolve the conflict between Palestine and Israel based on a guarantor system.

Tensions flared up again in the Middle East on October 7 when the Palestinian group Hamas staged a surprise incursion into Israeli territory from the Gaza Strip.

Hamas described its attack as a response to the aggressive actions of Israeli authorities against the Al-Aqsa Mosque in Jerusalem’s Old City.

In response, Israel announced a total blockade of the Gaza Strip and began delivering air strikes on the enclave and certain parts of Lebanon and Syria.

Clashes are underway in the West Bank of the Jordan River as well.