Egypt scraps parliamentary election results in 19 districts over violations    Egypt's public prosecution hands over seized gold worth $34m to central bank    Finance ministry pushes trade facilitation with ACI rollout for air freight    Abdelatty stresses Egypt's commitment to peaceful conflict resolution    Deep Palestinian divide after UN Security Council backs US ceasefire plan for Gaza    Health minister warns Africa faces 'critical moment' as development aid plunges    Egypt's drug authority discusses market stability with global pharma firms    SCZONE chair launches investment promotion tour in France    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt, Germany launch government talks in berlin to boost economic ties    Egypt signs host agreement for Barcelona Convention COP24 in December    Egypt's FRA Sandbox signs 3 tech partnerships to boost cybersecurity, innovation    Gold prices fall on Tuesday    Regional diplomacy intensifies as Gaza humanitarian crisis deepens    Egypt's childhood council discusses national nursery survey results    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Arab oil windfall must benefit Lebanese, says Libya
Published in Daily News Egypt on 22 - 07 - 2006


TRIPOLI: Arab leaders must divert windfall revenues from record high oil prices to help Lebanese and Palestinian people weathering Israeli attacks, the son of Libyan leader Muammar Gaddafi said on Thursday. Saif Al-Islam, his father s most influential envoy abroad, said any future Arab summit on the latest wave of Middle East violence would be a big embarrassment if it failed to shift extra oil profits to Lebanon and the Palestinian territories. The oil windfall is a result of the rise of oil prices stemming from the shedding of Lebanese and Palestinian blood, he said in a statement faxed to Reuters, referring to the latest increase in world crude oil prices, which has been attributed partly to the latest Middle East conflict. But after talks in Cairo with President Hosni Mubarak, Gaddafi s cousin, Ahmed Gaddaf El-Damm, said Libya had no specific proposal. There is no initiative in the first place, he told reporters who asked him about the idea. Gaddaf El-Damm holds the title of coordinator of Libyan-Egyptian relations. Islam, who heads the Gaddafi Foundation, said his charity would fly planes carrying humanitarian relief to Lebanon in defiance of Israel s air, sea and road blockade of the country. The nine-day-old war in Lebanon was triggered by Israel s retaliation against Hezbollah s July 12 capture of two Israeli soldiers in a cross-border operation. Eight Arab governments have so far backed a call for an Arab summit on the violence pitting Israel against Hezbollah and the Palestinians. That backing however remains short of the necessary two-thirds majority of the 22 Arab League members for the meeting to take place. Reuters

Clic here to read the story from its source.