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Egypt caps bread prices as shockwaves of Ukraine war hit Middle East

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Egypt caps bread prices as shockwaves of Ukraine war hit Middle East

“This disaster could also be considerably extra extreme than the coronavirus disaster,” stated Egyptian prime minister Mostafa Madbouly throughout a cupboard assembly Monday, referring to the financial influence of Russia’s struggle in Ukraine.

Significantly hit are Center East international locations that depend on each Russia and Ukraine, two of the world’s high grain exporters, for the majority of their grain imports.

For Egypt and different Center Jap nations grappling with the ripple results of the struggle, that is a trigger for concern. Simply 10 years in the past, revolutions throughout the area toppled longtime dictators partly due to an increase within the worth of commodities. “Bread, freedom, social justice!” was among the many hottest chants on the streets of Egypt throughout Arab Spring protests.

Meals costs in Egypt rose 4.6% month-on-month in February, and core inflation rose to 7.2% year-on-year in from 6.3% in January. By the tip of February, because the Russian army was mobilizing at Ukraine’s border, world wheat costs jumped to their highest stage since 2012.

Within the three weeks since Russia’s invasion of Ukraine, the value of unsubsidized bread in Egypt jumped by as a lot as 25% in some bakeries. Cairo on Monday fastened the value of unsubsidized bread to restrict the inflationary influence.

Ukraine has banned the export of some grains to maintain provides for the home market. The nation’s Black Sea ports additionally face a blockade by Russian forces, stopping grain exports.

Egypt is the world’s largest purchaser of wheat and roughly 80% its wheat imports got here from Russia and Ukraine in 2021, based on Reuters.

“Meals insecurity completely can lead to better political unrest,” Lama Fakih, the Center East and North Africa director at Human Rights Watch, instructed CNN. “These are a variety of international locations which have already been affected by battle [and] from political upheavals.”

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On Monday, the rights watchdog issued a report calling for regional governments to make sure that the battle in Ukraine would not worsen the meals disaster and warned them towards eradicating or decreasing meals subsidies, as some had deliberate to do.

Discontent has already manifested within the type of a protest in Iraq, the place a comparatively small March 9 rally within the central metropolis of Nasiriyah towards an increase in meals costs was attributed by the federal government to the Ukraine struggle. The federal government later introduced a assist bundle for residents which included one-time grants to these in want and reviewing the ration card finances forward of the Muslim fasting month of Ramadan.

“We’re nearing the month of Ramadan and are frightened about worth will increase,” stated Mohamed Ali, a 42-year-old Iraqi day laborer dwelling in Baghdad. “There is a rise in most meals costs, particularly cooking oil.”

A lot of the area had already been affected by poverty and meals insecurity, however the struggle in Europe is just aggravating the state of affairs, stated Timothy Kaldas, a fellow at Cairo’s Tahrir Institute for Center East Coverage.

“The 2011 [Egyptian] rebellion got here after a decade of rising ranges of poverty,” Kaldas instructed CNN. “And in 2019 when Egyptians protested in a number of cities throughout the nation, the regime discovered that the folks they arrested… have been primarily pushed by financial grievances.”

On Monday, the Egyptian pound dropped 14% towards the greenback after Russia’s invasion of Ukraine prompted international traders to tug billions of {dollars} out of Egyptian treasury markets. The central financial institution additionally spiked in a single day rates of interest by one share level and the federal government introduced a 130 billion Egyptian pound ($7.05 billion) financial reduction bundle.

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“Nations which might be already affected by widespread meals insecurity are those which were hardest hit,” stated Fakih, “And these embrace Yemen, Lebanon, and Syria.”

The wants of Yemen, which is going through from one of many world’s worst humanitarian crises, are reaching what Underneath-Secretary-Basic for Humanitarian Affairs and Emergency Reduction Coordinator Martin Griffiths known as “alarming heights.” Yemen imports no less than 27% of its wheat from Ukraine and eight% from Russia, stated Human Rights Watch.

Lebanon final month stated it had wheat reserves adequate for just one month. It imports practically 60% of its wheat from Ukraine.

Hend Zaki, a 38-year-old Egyptian mother-of-five who runs a meals enterprise from house, stated she has misplaced purchasers since she raised her meal costs two weeks in the past.

“I virtually pay double now for the whole lot,” she instructed CNN. “We’re vastly harmed … there are some very poor folks [here].”

With extra reporting from Adam Pourahmadi and Aqeel Najim, CNN

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Different high Center East information

Egypt, Israel and the UAE leaders maintain trilateral talks amid Iran issues

Israeli Prime Minister Naftali Bennett and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed met with Egyptian President Abdel Fattah el-Sisi on Monday, official experiences stated on Tuesday. The assembly centered on world developments “particularly relating to vitality, market stability and meals safety,” Egypt stated.

  • Background: The assembly in Egypt comes simply days after Syrian President Bashar al-Assad made a landmark journey to the UAE, his first to an Arab nation for the reason that begin of the Syrian rebellion in 2011. It additionally comes as nuclear talks between Western powers and Iran attain a sophisticated stage.
  • Why it issues: Israel has repeatedly expressed concern over Iran’s rising affect within the area. In latest days, Bennett stated he’s “very involved” that the US is contemplating eradicating Iran’s Revolutionary Guards from its terrorism blacklist. The State Division has not confirmed its intentions to take action.

Choose fees Lebanon’s central financial institution governor with illicit enrichment

Lebanese central financial institution governor Riad Salameh and his brother Raja have been charged with illicit enrichment on Monday, Lebanese Choose Ghada Aoun instructed CNN. She ordered Raja’s detention on Thursday “for the position he performed in serving to Riad to launder cash by buying property in France,” she stated. The governor didn’t reply to CNN’s request for a remark, however in a earlier assertion acquired by Reuters, Governor Salameh stated “not a single penny” was used from public funds to pay charges to an organization owned by his brother. Final week, Raja Salameh’s lawyer stated allegations of illicit enrichment and cash laundering towards his shopper have been unfounded. He known as the proof “media hypothesis with none proof,” reported Reuters. CNN wasn’t capable of attain Raja Salameh.

  • Background: Salameh’s tenure has confronted elevated scrutiny for the reason that monetary system imploded in 2019, probably the most destabilizing disaster since Lebanon’s 1975-90 civil struggle. In February, Choose Aoun issued a subpoena for him after he didn’t attend three hearings as a witness in investigations into his alleged misconduct on the central financial institution. Reuters experiences that court docket safety was unable to find him.
  • Why it issues: That is the primary cost introduced towards the governor who has held his place for nearly 30 years. His wealth can also be being investigated by authorities in France and Switzerland. The cost might exacerbate political tensions between Salameh’s highly effective backers and opponents.

Saudi Arabia emphasizes ‘important position’ of OPEC+ oil accord

Saudi Arabia’s cupboard emphasised on Tuesday “the important position” of the OPEC+ settlement in bringing stability and stability to grease markets.

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  • Background: A number of main consuming nations, together with the USA, have known as on producers to boost their output at a quicker price to assist calm crude oil costs, which have soared on the again of Russia’s invasion of Ukraine. The alliance has been elevating output by 400,000 barrels per day every month since August to unwind cuts made when the Covid-19 pandemic hit demand.
  • Why it issues: The assertion, a bit over every week earlier than OPEC+ is scheduled to satisfy, signifies little probability the grouping will resolve to boost oil output at a quicker tempo. OPEC+, which teams the Group of Petroleum Exporting Nations and its allies together with Russia, has thus far resisted calls to extend provide. It’s going to maintain its subsequent assembly on March 31.

What we’re watching

The Gulf states’ relations with the US have been underneath stress of late, most not too long ago being examined when the Biden administration requested requested Saudi Arabia and the UAE to assist scale back oil costs by ramping up manufacturing. That request was rebuffed. Becky Anderson dissects the fissure between the allies.

Across the area

Stan is pictured during a press preview at Christie's Rockefeller Center on September 15, 2020 in New York City.

Meet Stan, the world’s most full and costliest tyrannosaurus rex. Named after the paleontologist who unearthed him, the 67-million-year-old artifact was excavated in 1992. With

188 bones, it is likely one of the best-preserved and most studied T-Rex skeletons. For years, it remained behind closed doorways on the Black Hills Institute of Geological Analysis in Hill Metropolis,

South Dakota. However now, it has a brand new house.

In 2020, the 11-meter-long and 4-meter-high T-Rex was auctioned for $31.8 million, setting a world document for any skeleton sale. At first, the client was nameless, however a latest announcement by Abu Dhabi’s Division of Tradition and Tourism (DCT) has revealed Stan’s proprietor and a brand new improvement within the area: the Pure Historical past Museum Abu Dhabi.

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Set to open in 2025, the museum is part of the town’s plan to rework Abu Dhabi into a global cultural hub. Chairman of DCT Abu Dhabi, Mohamed Khalifa Al Mubarak, instructed

CNN’s Becky Anderson why Stan was price each penny: “It may be price the whole lot when guests come and simply search for at this wonderful specimen … the very last thing we wish is these wonderful objects to be sitting in personal fingers for no person to view.”

Stan is well-known in paleontology circles. Now, his presence is about to be part of the Pure Historical past Museum’s 13.8-billion-year journey by time and house. The T-Rex is about to showcase alongside different specimens, together with the 7-billion-year-old Murchison Meteorite, which crash-landed in Australia greater than 40 years in the past.

By Tasmiyah Randeree, CNN

Tweet of the day

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“Money is trash,” tweeted Jassim Alseddiqi, one of many UAE’s high traders. Alseddiqi is the CEO of Shuaa Capital, a Dubai-based asset supervisor and funding financial institution that manages $14.1 billion in property. Traders, together with billionaire Warren Buffet, have lengthy warned towards holding on to money throughout a significant struggle. Money solely loses worth throughout struggle, they are saying. Alseddiqi can also be the chairman of Bahrain-based GFH Monetary Group, Eshraq Investments and Khaleeji Business Financial institution. He sits on the board of the UAE’s largest financial institution, First Abu Dhabi Financial institution.

Picture of the day

Syrian Kurds celebrate the Nowruz holiday in the city of Afrin on March 21.
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Takeaways From Marco Rubio’s Senate Hearing

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Takeaways From Marco Rubio’s Senate Hearing

Marco Rubio, the Republican senator from Florida named by Donald J. Trump to be the next secretary of state, was warmly welcomed by senators from both parties at his confirmation hearing on Wednesday. He has served for years on the Foreign Relations and Intelligence Committees in the Senate, and is known as a lawmaker devoted to the details of foreign policy.

“I believe you have the skills and are well qualified to serve as secretary of state,” Senator Jeanne Shaheen, Democrat of Hampshire, said in her opening remarks.

The notable lack of tension at the hearing indicated that Mr. Rubio would almost certainly be confirmed quickly.

From the lines of questioning, it was clear what senators want Mr. Rubio and the Trump administration to focus on: China, Russia, North Korea and Iran. Mr. Rubio himself pointed to those four powers — what some call an “axis” — in his opening remarks.

They “sow chaos and instability and align with and fund radical terror groups, then hide behind their veto power at the United Nations and the threat of nuclear war,” he said. As permanent members of the U.N. Security Council, China and Russia have veto power over U.N. resolutions.

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Mr. Rubio repeatedly singled out the Chinese Communist Party for criticism, and, unlike Mr. Trump, he had no praise for any of the autocrats running those nations.

He did say the administration’s official policy on Ukraine would be to try to end the war that President Vladimir V. Putin of Russia started, and that leaders in both Kyiv and Moscow would need to make concessions. U.S. officials say Russia has drawn its allies and partners into the war, relying on North Korea for troops and arms, Iran for weapons and training, and China for a rebuilding of the Russian defense industrial base.

Mr. Rubio defended Israel’s conduct in the war in Gaza, blaming Hamas for using civilians as human shields and calling the deaths of tens of thousands of Palestinians in Gaza, most of them non-combatants, “one of the terrible things about war.”

He expressed concern about threats to Israel’s security. “You cannot coexist with armed elements at your border who seek your destruction and evisceration, as a state. You just can’t,” he said.

When asked whether he believed Israel’s annexing Palestinian territory would be contrary to peace and security in the Middle East, Mr. Rubio did not give a direct answer, calling it “a very complex issue.”

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Mr. Rubio’s hearing was about two hours in when the committee’s chairman announced that Israel and Hamas had sealed an agreement to begin a temporary cease-fire and partial hostage release in Gaza. An initial hostage and cease-fire agreement, reached in November 2023, fell apart after a week.

Mr. Rubio called the North Atlantic Treaty Organization, which Mr. Trump has repeatedly criticized, “a very important alliance” and insisted that Mr. Trump was a NATO supporter. But he also backed Mr. Trump’s argument that a strong NATO requires Europe to spend more money on its collective defense.

The United States, he said, must choose whether it will serve “a primary defense role or a backstop” to a self-reliant Europe.

Some prominent Trump supporters remain distrustful of Mr. Rubio. They recall his vote to certify the 2020 election results despite Mr. Trump’s false claims of election fraud. And they consider Mr. Rubio’s foreign policy record dangerously interventionist.

Mr. Rubio has long been a hawkish voice on national security issues, often in ways that clash with Mr. Trump’s views, even if the ideas are conventional ones among centrist Republican and Democratic politicians.

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In the past, Senator Rand Paul, Republican of Kentucky, has criticized Mr. Rubio for advocating aggressive American intervention overseas. Mr. Paul has been outspoken in pushing for less use of U.S. troops abroad and is skeptical about whether economic sanctions can lead to positive outcomes.

On Wednesday, Mr. Paul pointedly asked Mr. Rubio whether he saw any way to work with China rather then persisting in attacks on Beijing, and he also questioned the wisdom of many American and European policymakers who insisted that Ukraine must be admitted to NATO.

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Gaza ceasefire announced after 15 months of war

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Gaza ceasefire announced after 15 months of war

Israel and Hamas have agreed a ceasefire to halt the 15-month war in Gaza and free the remaining hostages, mediators said, raising hopes of an end to a devastating conflict that has shaken the Middle East and the world beyond.

But, despite celebrations erupting across the region, the office of Israel’s Prime Minister Benjamin Netanyahu warned that some details still had to be finalised as of Wednesday night.

The multiphase agreement, due to take effect on Sunday, a day before Donald Trump returns to office as US president, was announced by Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin al-Thani. However, he noted that the parties still had to give final approval.

The agreement offers hope of a halt — and potentially an end — to a brutal war that has become the deadliest chapter in the decades-long history of the Israeli-Palestinian conflict, leaving Gaza in ruins, consuming Israeli society, and pushing the Middle East to the brink of a full-blown war.

The fighting was triggered by Hamas’s brutal October 7, 2023 attack on Israel, during which fighters from the Palestinian militant group killed 1,200 people, and took 250 hostage, in the deadliest day for Jews since the Holocaust.

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Israel responded with a ferocious offensive in Gaza that has killed more than 46,000 people and fuelled a humanitarian catastrophe in the enclave.

Previous attempts to broker a deal to end the conflict and secure the release of the 98 mainly Israeli hostages still in Gaza — not all of whom are alive — had repeatedly foundered when Israel and Hamas refused to make the necessary concessions.

Supporters of Israeli hostages kidnapped during the October 7 2023 attack by Hamas © Ronen Zvulun/Reuters

But the re-election of Trump — who threatened that there would be “all hell to pay” if the hostages were not released before his inauguration — injected renewed momentum into the long-stalled talks.

Trump was among the first leaders to hail the deal on Wednesday, writing on his Truth Social platform ahead of the formal announcement: “WE HAVE A DEAL FOR THE HOSTAGES IN THE MIDDLE EAST. THEY WILL BE RELEASED SHORTLY.”

He added his national security team would “continue to work closely with Israel and our Allies to make sure Gaza NEVER again becomes a terrorist safe haven”.

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In comments of his own hailing the deal, US President Joe Biden described the Doha-based talks as “one of the toughest negotiations I have ever experienced”.

He added that the agreement would “halt the fighting in Gaza, surge much needed-humanitarian assistance to Palestinian civilians, and reunite the hostages with their families after more than 15 months in captivity”.

But Netanyahu’s office said shortly after Trump’s announcement that there were “still several sections left open in the proposal and we hope that the details will be finalised tonight”.

A person close to the talks said a deal had been done after the Qatari prime minister had met Hamas and Israeli negotiators separately in a final push for an agreement.

But the person added that, while Hamas had agreed to the deal, conceding on one of its final demands, Israel had since “raised a new outstanding issue”. They said: “Mediators are working to resolve it.”

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An Israeli official said that the final details which Netanyahu’s office said still needed to be finalised related to the identity of those Palestinian prisoners set to be released in exchange for hostages.

Israel’s government is due to vote on the deal, which is based on a three-phase proposal first outlined by Biden last year. Far-right ministers, including national security minister Itamar Ben-Gvir, have expressed opposition, but are not expected to be able to block the deal.

The first phase will involve a 42-day truce, during which 33 Israeli hostages — including children, all female prisoners, the sick and elderly — will be freed in exchange for Palestinian prisoners held in Israeli jails and a dramatic increase in humanitarian aid deliveries into Gaza.

The two parties would begin negotiating the second phase no later than day 16 of the truce. During this period the remaining hostages, including male soldiers, are meant to be released in exchange for more Palestinian prisoners.

If fully implemented, the second phase will also lead to a permanent ceasefire and the full withdrawal of Israeli troops from Gaza. 

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The final phase would involve the return of all the bodies of hostages who died, and the reconstruction of Gaza, under the supervision of Egypt, Qatar and the UN.

The talks over a deal intensified in mid-December after a ceasefire between Israel and Hizbollah in Lebanon.

A senior Biden administration official said one issue impeding the completion of the talks was Hamas’s refusal to acknowledge how many hostages it was holding and which ones would come out in the first phase of a deal.

The Palestinian group agreed at the end of December to a list of some 33 hostages, accelerating the end of the talks.

Biden’s top Middle East adviser Brett McGurk was joined in the last days of the talks by Trump’s Middle East envoy Steve Witkoff. A senior Biden administration official called it “a historic and crucial partnership” to finalise the arrangements. 

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The talks ran into the early hours of Wednesday, with McGurk, Witkoff and Egyptian and Qatari officials upstairs with the Israeli negotiators, and Hamas downstairs, nailing down dozens of final details.

Abu Shukri, a community organiser sheltering in the Maghazi refugee camp in Gaza, said people in the neighbourhood had lined the streets and balconies in anticipation of the announcement of the ceasefire deal. As news reached them, people shouted and shot in the air in celebration. 

“We just thank God,” Abu Shukri said of the news. “But we’ve given our children, we gave our parents.” 

Additional reporting by Malaika Tapper in Beirut and Neri Zilber in Tel Aviv

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LA fires are still raging, but forecasters expect calmer winds in the coming days

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LA fires are still raging, but forecasters expect calmer winds in the coming days

An urban search and rescue team from Mexico combs through the ruins of a beachfront house searching for victims in the aftermath of the Palisades Fire in Malibu, Calif., on Tuesday.

Valerie Macon/AFP via Getty Images


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Valerie Macon/AFP via Getty Images

This is a developing story. For the latest local updates head to LAist.com and sign up for breaking news alerts.

Another day of fierce winds gusting to 65 mph in mountainous areas of Los Angeles and Ventura Counties in Southern California was expected on Wednesday, but weather more conducive to firefighting operations is expected soon.

The National Weather Service (NWS) issued another red flag warning for the area until 3 p.m. PST, cautioning of more of the windy and dry conditions that have fed raging fires for more than a week. The strong Santa Ana winds have helped push the deadly blazes through the Los Angeles suburbs, killing at least 25 people and leveling expensive real estate in Pacific Palisades and Altadena.

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All told, the fires have engulfed more than 40,000 acres (more than 62 square miles), according to Cal Fire.

“The good news is that for the last two days we’ve had no increase in acreage at the Eaton Fire and it remains estimated at 14,117 acres with 35% containment,” Los Angeles County Fire Chief Anthony Marrone said of one of the largest fires. 

The Palisades fire, which spans more than 23,000 acres, is just 19% contained, according to Cal Fire.

On Tuesday, meteorologists initially called for particularly strong winds that turned out to be lighter that expected, according to NPR member station LAist.

But a reprieve in the high winds was expected from Thursday into Saturday. NWS meteorologist Ryan Kittell noted that the service is worried about “one last [wind] enhancement” through Wednesday and that peak winds would be highest in Ventura County.

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Speaking at a news conference on Wednesday, Los Angeles Mayor Karen Bass had difficulty describing the devastation that has befallen her city.

“The massive, massive destruction. Is unimaginable until you actually see it,” Bass said. Even so, she said, it was time “to begin to think about how we rebuild.”

Since the fires broke out last week, responders from across the U.S., Canada and Mexico have come to the aid of Southern California. “Yesterday, I also had the opportunity to meet with our international partners from Mexico to express our heartfelt gratitude for their assistance. The outpouring of support from both near and far, I tell you, is absolutely remarkable,” LA Fire Chief Kristin Crowley said.

Of the 25 dead, 17 were killed in the Eaton Fire and eight in the Palisades Fire, LAist says. Officials said of the 13 still listed as missing, two bodies had been recovered but not yet positively identified.

More than 55,000 customers were without power on Wednesday in Los Angeles and Ventura counties, according to PowerOutage.us.

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How to help and stay safe

Resources to help stay safe:

➡️ With fire danger still high, authorities implore you to follow evacuation orders

➡️ What to do — and not do — when you get home after a fire evacuation

➡️ Is smoke in your home? Here’s how to make an air purifier from a box fan

➡️Trying to stay safe in a wildfire? There’s an app that can help

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Ways to support the response and recovery:

➡️ Want to help fire victims? Here’s what experts say does the most good and places seeking volunteers

➡️ Wildfire donations and volunteering: How and where to help

➡️ Share: These are the steps fire victims need to take to make an insurance claim

The California Newsroom is following the extreme weather from across the region. Click through to LAist’s coverage for the latest.

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