Latest news with #Explosives
Associated Press
06-05-2025
- Politics
- Associated Press
Turkey thwarted another attack with pagers in Lebanon last year, officials say
ANKARA, Turkey (AP) — Turkey's intelligence service thwarted a remote attack using pagers last year in Lebanon, days after similar attacks by Israel killed dozens and wounded thousands, including members of Lebanon's Hezbollah group , a Turkish daily and officials said Tuesday. Daily Sabah reported that 1,300 pagers and 710 chargers rigged with explosives were confiscated inside a cargo shipment at Istanbul Airport that was on its way to Beirut from Hong Kong. A Turkish security official, speaking on condition of anonymity in line with regulations, confirmed the report but would not provide further details. In Beirut, Hezbollah's chief spokesman Youssef el-Zein told The Associated Press Tuesday that days after the Sept. 17 pagers attack in Lebanon and Syria, Hezbollah informed Turkish intelligence that a shipment of pagers was in Turkey and about to be sent to Lebanon. El-Zein said Turkish authorities confiscated the pagers and most likely destroyed them. He had no further details. The Israeli military did not immediately respond to a request for comment on the report. Israel triggered the Sept. 17 attack when pagers all over Lebanon started beeping. The devices exploded even if a person carrying one failed to push buttons to read an incoming encrypted message. The next day, Israel activated walkie-talkies , some of which exploded at funerals for some of the people who were killed in the pager attacks. The attacks marked a major escalation in the Israel-Hezbollah war that started after Hamas launched its attack on southern Israel on Oct. 7, 2023, triggering the ongoing war in the Gaza Strip. Although the Lebanon attack struck many Hezbollah members, civilians were also killed or wounded. At least 37 people were killed, including two children, and some 3,000 were wounded in the two-day explosions. Daily Sabah said that acting on a tip that a shipment of pager devices would be in Istanbul to be delivered to Lebanon two days after the attacks, Turkish intelligence agents launched an operation. The newspaper said that authorities discovered a shipment that arrived in Istanbul from Hong Kong one day before the Lebanon explosions. The cargo had 61 boxes and was scheduled to depart from Istanbul to Beirut on Sept. 27 through Istanbul Airport. The cargo was described as a shipment of food choppers, Daily Sabah said. Inside, authorities found 1,300 Gold Apollo brand pagers and 710 desktop chargers. After the pagers attack, Israel expanded the war against Hezbollah with strikes that killed nearly 500 people on Sept. 23, forcing hundreds of thousands to flee their homes. On Sept. 27, Israeli airstrikes on a southern suburb of Beirut killed Hassan Nasrallah, Hezbollah's leader and one of its founding members, in the biggest blow for the Iran-backed group. The war ended on Nov. 27, when a U.S.-brokered ceasefire went into effect. ____ Mroue reported from Beirut.
Forbes
11-04-2025
- Business
- Forbes
Did No-One See It Coming? Lessons Of Brexit For The Trade War
SALISBURY, ENGLAND - OCTOBER 15: Britain's Queen Elizabeth II speaks with staff during a visit to ... More the Defence Science and Technology Laboratory (Dstl) at Porton Down science park on October 15, 2020 near Salisbury, England. The Queen and the Duke of Cambridge visited the Defence Science and Technology Laboratory (Dstl) where they were to view displays of weaponry and tactics used in counter intelligence, a demonstration of a Forensic Explosives Investigation and meet staff who were involved in the Salisbury Novichok incident. Her Majesty and His Royal Highness also formally opened the new Energetics Analysis Centre. (Photo by Ben Stansall -) In November 2008, in the darkest hour of the global financial crisis, Queen Elizabeth II asked an audience at the London School of Economics 'Why did no one see it coming'. We might ask the same question today in respect of Donald Trump's tariff war, where he has diminished the things that he was reputed to hold dear – the economy, the stock market and the dollar. One disturbing template that might offer insight into the path that the American economy takes is Brexit. As noted by the current prime minister of Canada, Brexit was not the solution to the problems that Britain faces. Certainly, the disengagement of the US from the world trade system is becoming as soap operatic and sometimes ludicrous as Brexit was. An even more pertinent example might be Britain at the turn of the 19th century when there was a palpable sense that the might of its empire was peaking. At the time tariffs and trade were widely debated, and leading politicians like Joseph Chamberlain proposed the idea of an 'imperial preference', a lower tariff on trade with its colonies, to create a trading zone that would buffer the rise of the US and Germany. To a certain extent, tariffs and trade became the issue of the day, but in the 1906 general election the public voted overwhelmingly for liberal, open trade (less restrictive tariffs) candidates. This I suspect was also the intention of those who supported Donald Trump in November last – keep the economy and markets strong, whilst evening up the status quo (a little). That tariff rates set by the US (and China) are at levels only last seen in the 1920's completes the shock, and rhymes with history. One reason tariffs were a popular policy tool one hundred years ago is that the fiscal side of the economy was not well developed (only a small proportion of Americans paid tax) and, in some cases, central banks did not exist. Today, tax systems are well developed and as small, open economies show, they are the best mechanism to reduce inequality, and to entice investment, both stated objectives of the Treasury secretary. This particular market crisis is interesting because it is nearly entirely man-made. Turkey has taken a similar path in recent years, all but eviscerating its bond market and currency, but these are inconsequential compared to the depth of US markets. Whilst the president has stepped nimbly and profitably (some say) away from the financial brink, he still risks contagion of his actions in a number of respects. Two such risks loom on the horizon, an economic war with China and a crisis of credibility in US financial assets. We are now led to believe that 'it was China all along', but it would have been easier to tackle China with the support of America's former allies in Canada, Japan, the UK and Europe. For its part, China has plenty of tools to respond to the US with – it can allow its currency to weaken further and through supply chain disruption can inflict higher consumer prices, shortages of goods and lower (Chinese) demand on the US. Informal boycotts of American goods, investigations of US service firms and rare earth restrictions are just a few other tools at China's disposal. Should an economic war between the US and China materialise, my sense is that a supportive response from the Federal Reserve has been made less likely by Wednesday's tariff capitulation by the White House, which demonstrates how arbitrary policy is under this administration. In the longer-run, the actions of the Trump team could manifest themselves in a capital crisis in the context of the way they have undermined confidence in the US and by extension its financial system. What the likes of Peter Navarro seem not to have grasped is that the quid pro quo of America's trade deficit is its enormous financial power – the role of the dollar and Treasuries as lynchpins of the international financial system, the dominance of US financial systems and its integral role in the fabric of capital markets, and the capital that overseas investors provide them. With Mr Trump behaving in the way that some might caricature as 'emerging market', If we apply an emerging market stock market valuation rating to US stocks, the SPX index would be half its current size for instance. Equally, the mid-week selloff in Treasuries which was most likely the result of hedge funds unwinding positions, but the poor performance of bonds underlines the sceptical view that markets are starting to take on the administration. In this context, we may be at the beginning of a great unwind of American financial power.
Mid East Info
11-02-2025
- Business
- Mid East Info
Global attention turns to Abu Dhabi next week as the largest edition of IDEX and NAVDEX kicks off
The number of exhibiting companies has risen to 1,565 from 65 countries, reflecting a 16% increase compared to the previous edition. The total exhibition space has expanded by 10% to reach 181,501 square metres. 731 new companies are participating, marking an 82% increase from the last edition. 41 national pavilions are present, with the UAE pavilion being the largest, growing by 4% in size compared to the previous edition. 213 national companies are exhibiting, accounting for 16% of total exhibitors, while international companies make up 84%. Seven new countries are participating: Qatar, Ethiopia, Hungary, Latvia, Lithuania, Romania, and Cyprus. A new exhibition hall has been added, featuring 341 exhibiting companies. A dedicated platform for CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosives) awareness has been launched, with participation from 38 companies across 13 countries. Over 3,300 products and technologies will be showcased at the 2025 editions of IDEX and NAVDEX. More than 156 start-ups, both local and international, will be participating, making up 10% of total exhibitors. Abu Dhabi, February 2025: Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, the largest edition in the history of the International Defence Exhibition (IDEX 2025) and the Naval Defence and Maritime Security Exhibition (NAVDEX 2025) is set to take place from 17 to 21 February 2025 at ADNEC Centre Abu Dhabi. The 17th edition of IDEX, the 8th edition of NAVDEX, and the accompanying International Defence Conference, organised by ADNEC Group in collaboration with the Ministry of Defence and the Tawazun Council, will bring together leading global companies, decision-makers, and experts in the defence industry to showcase the latest technologies and solutions in the sector, aimed at enhancing international peace and security. His Excellency Major General Staff Pilot Faris Khalaf Al Mazrouei, Chairman of the Higher Organising Committee of IDEX and NAVDEX, stated: 'This edition of IDEX and NAVDEX marks a milestone in the 32-year journey of success, garnering unprecedented global attention, which underscores its growing influence in the defence and security sector. This success would not have been possible without the visionary leadership and unwavering support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. His guidance has firmly established the UAE as a leading regional and international hub in the defence and security fields.' He added: 'IDEX and NAVDEX provide a global platform that brings together decision-makers and experts to explore the latest advancements in defence technology and innovation. These exhibitions play a pivotal role in strengthening international security and fostering global peace. This edition has attracted the participation of major global defence companies, high-level delegations, and industry specialists, further underscoring the strategic significance of these exhibitions and their role in shaping the future of the global defence industry.' Al Mazrouei emphasised that the Higher Organising Committee remains committed to working closely with all partners to deliver an exceptional edition that reflects the UAE's leadership in hosting world-class events. He expressed gratitude to ADNEC Group, the organising committees, and national institutions for their relentless efforts, which will play a crucial role in the success of this edition and its accompanying events. He also looked forward to welcoming participants and visitors from around the world to the For his part, His Excellency Major General Staff Mubarak Saeed bin Gafan Al Jabri, Deputy Chairman of the Higher Organising Committee for IDEX and NAVDEX 2025, stated: 'Since its inception in 1993, IDEX has become a landmark event in the global defence sector, directly contributing to enhancing the UAE's position as a key player in this field. NAVDEX stands as a testament to our commitment to innovation and sustainable security, showcasing the rapid advancements in maritime technologies and serving as a leading platform for presenting the latest defence solutions in the naval sector.' He added: 'Over the years, both exhibitions have witnessed significant expansion in the number of local and international participants, alongside an increase in announced deals and the number of official delegations. Additionally, the International Defence Conference 2025 will set a new record by hosting more than 1,800 participants, marking a 414% increase since its launch in 2015. This growth reflects the rising importance of strategic dialogue in shaping the future of defence.' Al Jabri revealed that the organising committee, in collaboration with ADNEC Group, the Tawazun Council, and relevant entities, has developed a comprehensive plan to ensure the fulfilment of the expectations of guests and official delegations while providing a seamless and integrated experience for participants and visitors. He noted that critical topics such as cybersecurity, space security, and defence readiness will be addressed, with experts presenting practical solutions to enhance resilience and effective responses to global challenges. Discussions will also focus on how advanced technology and international collaboration are reshaping modern defence systems, with the UAE playing a leading role in driving this transformation on a global scale. The Deputy Chairman further highlighted that the event is not only about technical showcases and commercial deals but also aims to build sustainable strategic partnerships, foster trust, and enhance international cooperation in defence and security. This commitment aligns with the UAE's vision to support innovation, economic diversification, and cement its position as a global leader in the defence industry. Through IDEX and NAVDEX 2025, the UAE seeks to strengthen its national defence industries, expand its global network, and position itself as a key partner in developing future defence solutions. Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, stated: 'Since its inception in 1993, IDEX has witnessed significant growth in terms of exhibition space, participating companies, and countries. The 2025 edition will be exceptional in every aspect.' Al Dhaheri revealed that the 2025 edition of IDEX and NAVDEX has seen an increase in participating companies, reaching 1,565 from 65 countries, reflecting a 16% growth compared to the previous edition. The total exhibition space has expanded by 10% to 181,501 square metres, while 731 new companies are participating, marking an 82% increase. 'This edition will feature 41 national pavilions, with the UAE pavilion being the largest at 25,000 square metres, a 4% increase from the previous edition. The number of national companies has reached 213, making up 16% of exhibitors, while international companies constitute 84%.' Al Dhaheri highlighted that seven new countries—Qatar, Ethiopia, Hungary, Latvia, Lithuania, Romania, and Cyprus—are participating. A new exhibition hall, Hall 14, opposite the grandstand, has been added, featuring 341 exhibiting companies. Additionally, a dedicated CBRNE platform, with participation from 38 companies across 13 countries, has been introduced to raise awareness of chemical, biological, radiological, nuclear, and explosive threats. Furthermore, more than 3,300 products and technologies will be displayed, demonstrating the significant role IDEX and NAVDEX play in supporting the defence industry and enhancing the competitiveness of UAE-based companies on regional and international levels. The exhibitions will also host over 156 start-ups, accounting for 10% of total exhibitors. Mona Ahmed Al Jaber, the Official Spokesperson for Tawazun Council at IDEX & NAVDEX 2025, stated that the Council's participation as the 'Principal Partner' of the exhibitions, in collaboration with the Ministry of Defence, reflects its firm commitment to advancing the defence ecosystem and enabling the UAE's defence and security industries. The participation, she continued, is also an opportunity to showcase the Council's achievements in supporting national industries and enhancing their global standing. She indicated that Tawazun Council's presence at IDEX will span a 2,040-square-meter pavilion, where it will highlight its key initiatives and strategic objectives in supporting the defence sector and pointed out that the exhibition represents an international platform for exploring the latest technological and defence advancements, underscoring the distinction and professionalism in organising this world-class event. Al Jaber further noted that this year's edition of IDEX continues to cement its prominent position established during previous editions by bringing together global leaders in the defence and security industries to showcase the latest innovations and advanced technological solutions. The exhibition also serves as a hub for collaboration, knowledge exchange, and fostering integration with strategic partners across various sectors. She added that the Tawazun Council, as the government entity responsible for the acquisition and procurement budget system for defence purchases in the country, works closely with the Ministry of Defence and security agencies. The Council plays a pivotal role in developing an innovative and competitive defence industry base, in addition to its role in setting regulatory frameworks and quality standards, as well as issuing the necessary licenses for defence and security products, in line with the UAE's vision to develop a world-class industrial sector. She noted that this year's edition of the exhibition continues to reinforce its prominent position achieved in previous editions by bringing together leading defence and security industry players from around the world to showcase the latest innovations and advanced technological solutions. The current edition of the exhibition is set to witness the announcement of numerous deals and the signing of strategic partnership agreements, further enhancing its competitiveness and solidifying its position as one of the most prominent international platforms. The event continues to bring together defence industry leaders from across all six continents, underscoring its global significance and role in shaping the future of the defence sector.
