Al Joumhouria” News Summary”
Al Joumhouria” News Summary”
Monday, 04-Mar-2024 22:30
"The cessation of ongoing military operations on the borders between Lebanon and Israel formed the focal point of the sudden visit by US envoy Amos Hochstein, who conducted a shuttle tour today with a number of Lebanese political forces, affirming from Baabda Palace that 'Washington believes that diplomatic resolution is the only way to end the current confrontations and thus achieve long-term stability, ensuring everyone's right to live safely and securely.' Hochstein emphasized that 'a temporary ceasefire is not sufficient, and limited war cannot be contained. The security situation along the Blue Line must ensure the safety of all parties.' In the same context, the Amal Movement stated that 'the Lebanese position is clear, manifested in restraining Israeli aggression and compelling the enemy to implement Resolution 1701 while keeping internal issues Lebanese affairs addressed through dialogue.' On the southern front, the escalating field scene continues amid ongoing Israeli missile attacks, while Hezbollah continues to abide by the rules of engagement by striking strategic-military sites and espionage equipment, amidst international warnings of the potential outbreak of a comprehensive and devastating regional war. Under the slogan 'We Want the Investigation to Continue,' the families of the victims of the Beirut port explosion called on the Supreme Judicial Council to form the prosecutorial body and complete the quorum of the General Assembly of the Cassation Court with the appointed and delegated judges.' Regionally, the war in Gaza continues into its 150th day, resulting in more than 30,000 deaths so far, while Hamas and Israel are nearing an agreement to cease-fire before the start of Ramadan. Egyptian state TV reported significant progress during ongoing talks in Cairo to reach a ceasefire in Gaza. Israeli newspaper Yedioth Ahronoth reported that the Israeli government estimates the number of living prisoners held by Hamas to be only 40 individuals, which is why it insists on obtaining a list of names of the living prisoners. Jordan's King Abdullah II emphasized the need for maximum efforts to reach an immediate and permanent ceasefire in Gaza to protect civilians, reaffirming that the kingdom will continue to push for an end to the war. Meanwhile, Egyptian and Emirati air forces continue to drop tons of humanitarian aid for Palestinians in Gaza through an airlift. On another note, the Palestinian Ministry of Foreign Affairs warned that Israel is expanding its 'war of extermination' to gradually include Rafah and its area, and that famine is already claiming lives in northern Gaza due to the blockade on aid. UN High Commissioner for Human Rights Volker Türk warned that the war in Gaza is like a 'powder keg' that could lead to a wider war in the Middle East. In executing their threats to retaliate against hostile targets and Western military operations, the Houthis announced targeting an Israeli ship in the Arabian Sea hours after targeting American warships in the Red Sea. Houthi media reported American and British airstrikes targeting the Yasinim area in Baqem district, Saada governorate, northern Yemen. Internationally, the Iranian government announced that the voter turnout for the Assembly of Experts and the Islamic Consultative Assembly on Friday reached 41% of eligible voters, compared to 42.57% in the legislative elections in 2020. Furthermore, the Russian Ministry of Foreign Affairs requested clarification from German Ambassador Alexander Lambsdorff regarding a conversation among German officers planning to strike the Crimean Bridge. Judicially, the US Supreme Court overturned a ruling by the Colorado court declaring Donald Trump ineligible to run in the Republican primaries due to his involvement in the January 2021 Capitol attack." Economically,the Beirut Stock Exchange recorded the following: Solidere A: 74.00 -3.70 (-4.76%) Solidere B: 74.00 -0.75 (-1.00%) Economically ,this is what the global markets recorded: Americas INDU:IND DOW JONES INDUS. AVG 39,131.53 +62.42 SPX:IND
S&P 500 INDEX 5,088.80 +1.77 CCMP:IND NASDAQ COMPOSITE 15,996.82 -44.80 NYA:IND NYSE COMPOSITE INDEX 17,616.02 +50.95 SPTSX:IND S&P/TSX COMPOSITE INDEX 21,413.15 +95.07 Europe, Middle East & Africa SX5E:IND Euro Stoxx 50 Pr 4,872.57 +17.21 UKX:IND FTSE 100 INDEX 7,706.28 +21.79 DAX:IND DAX INDEX 17,419.33 +48.88 CAC:IND CAC 40 INDEX 7,966.68 +55.08 IBEX:IND IBEX 35 INDEX 10,130.60 -8.30 Asia Pacific NKY:IND NIKKEI 225 39,098.68 +836.52 TPX:IND TOPIX INDEX (TOKYO) 2,660.71 +33.41 HSI:IND HANG SENG INDEX 16,725.86 -17.09 SHSZ300:IND CSI 300 INDEX 3,489.74 +3.07 AS51:IND S&P/ASX 200 INDEX 7,643.59 +32.34 MXAP:IND MSCI AC ASIA PACIFIC 173.01 +0.13 Bank Audi SAL Latest Trade 2.35 USD Today's Range 2.35 - 2.35 52 Week Range 1.50 - 2.40 Previous Close 2.35 Open 2.35 Volume 1,350.00 3 Month Average Trading Volume 0.02 Oil Prices: WTI CRUDE 79.97 +2.19% BRENT CRUDE 83.55 +2.00% MURBAN CRUDE 83.56 +1.63% NATURAL GAS 1.835 -1.34%