Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire and release of hostages. President Nikos Christodoulides stated on Friday that he, “fully endorses (the statement by) Presidents Joe Biden, Abdel Fattah el-Sisi … Read more
West Texas Intermediate (WTI) extended losses for the third session, trading around $81.50 per barrel in Asian markets on Tuesday. Crude oil prices faced pressure after Hurricane Beryl, which struck a key US oil-producing hub in Texas, caused less damage than anticipated by markets. Despite slowdowns in refining activity and evacuations at production sites, major … Read more
The price of Silver halted its five-day winning streak, with XAGUSD trading around $30.40 per troy ounce on Thursday. The decline in the safe-haven metal is attributed to increased optimism following signs of renewed efforts to secure a ceasefire deal between Israel and Hamas, as reported by Reuters. Mediators Egypt and Qatar delivered a response from … Read more
West Texas Intermediate remains steady with thin trading, possibly due to anticipation of upcoming producer price figures from the US. The WTI crude oil hovers around $78.00 per barrel in European trading on Thursday. Oil traders have absorbed the hawkish stance maintained by the US Federal Reserve, with the Federal Open Market Committee (FOMC) keeping … Read more
Cyprus is ready to provide humanitarian assistance to migrants stranded in the buffer zone, with the Red Cross already offering aid. The country has obligations under the EU’s Green Line Regulation and is cautious about becoming a new route for illegal immigrants. Fourteen migrants from Afghanistan, Sudan, Cameroon, and Iran are stranded near a university campus in Aglantzia. The UN Peacekeeping Force and UNHCR are working to assist them, as Cyprus has temporarily suspended asylum applications and increased patrols along the buffer zone. Additionally, asylum applications for Syrian nationals have been suspended due to human rights violations in Syria.
A group of United Nations experts are urging countries to recognize a Palestinian state to help achieve peace in the Middle East. Spain, Ireland, and Norway have officially recognized a Palestinian state, angering Israel. The experts believe recognizing Palestine is crucial for lasting peace and security in the region. Israel has faced isolation after months of conflict in Gaza, with the 7th October attack being the deadliest in its history.
The Rafah border crossing cannot operate unless Israel returns control to the Palestinians, according to Egyptian Foreign Minister Sameh Shoukry. Israel took over the crossing last month during its offensive against Hamas in Rafah, which serves as the only connection to the outside world for Gaza’s residents. Shoukry emphasized the importance of the 1979 Egyptian-Israeli peace treaty for regional security and stability. Egypt suggested European monitors at the border if Palestinian authorities resume control. Israel is attempting to destroy tunnels between Gaza and Egypt used by Hamas, but Egypt denies their existence. Shoukry urged Hamas and Israel to accept a ceasefire proposal from U.S. President Joe Biden. Israel has accepted the framework deal for ending the Gaza war but believes it requires more work.
Recognizing the State of Palestine is fully in line with international law and UN resolutions, serving as an opportunity to revive the peace process between the two sides, according to Palestine’s Minister of Foreign Affairs and Expatriates, Dr Varsen Aghabekian Shahin. This recognition empowers the Palestinian government to fulfill its duties and address the daily needs of its citizens.
Germany and Europe are preparing for two significant events: the European Parliament elections and the UEFA EURO 2024 football tournament in Germany. The German Ambassador to Cyprus expressed concern about the rise of right-wing parties in the elections and emphasized Germany’s support for a solution to the Cyprus issue based on UN resolutions. Germany aims to host EURO 2024 as a symbol of cohesion in Europe, promoting sustainability, diversity, and inclusion. Germany also advocates for a strong and united EU, despite facing challenges like Putin’s war in Ukraine. The 2004 enlargement of the EU serves as a lesson on the importance of unity and speaking with one voice in foreign policy. Germany’s proposals for EU decision-making reform aim to ensure the Union remains capable of action. Germany is committed to supporting Cyprus in finding a comprehensive solution to the Cyprus issue, emphasizing the importance of confidence-building between Greek-Cypriot and Turkish-Cypriot communities.
Countries mediating ceasefire negotiations, including Qatar, the USA, and Egypt, called on Israel and Hamas to finalize an agreement based on a plan presented by US President Joe Biden. The plan includes a three-phase approach to achieve a permanent ceasefire, with conditions such as the release of hostages and the withdrawal of troops. Israeli Prime Minister Benjamin Netanyahu stated his government’s conditions for a ceasefire, including the destruction of Hamas and the release of all hostages. Hamas responded cautiously, demanding the withdrawal of Israeli troops before agreeing to a ceasefire. Netanyahu faces pressure from both right-wing ministers and Israeli citizens demanding the return of hostages.