Latest news with #Gonet
Gulf Business
29-07-2025
- Business
- Gulf Business
Arab Bank posts solid H1 2025 results with $535.3m in net income
Arab Bank Headoffice/Image: Supplied Arab Bank Group reported strong financial results for the first half of 2025, recording a 6 per cent increase in net income after tax to $535.3m, up from $502.8m during the same period last year. The bank also maintained a robust capital position, with total equity reaching $12.5bn. The Group's assets expanded by 9 per cent to $75.2bn. Loans rose to $39.8bn, reflecting a 6 per cent increase, while deposits climbed 9 per cent to reach $55.3bn. Commenting on the results, Sabih Masri, chairman of the board of directors, stated that 'the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model.' He added that 'despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders.' Looking ahead, Masri affirmed the bank's long-term direction: 'The bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients.' Merger Masri also highlighted that Arab Bank Switzerland successfully completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA ('ONE'), enhancing its presence in Switzerland and other global markets. Following the merger, Arab Bank Switzerland Group's assets under management grew to CHF18bn ($22bn). Randa Sadik, chief executive officer, commented on the bank's performance: 'The underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5 per cent in revenue while maintaining a solid balance sheet growth of 9 per cent.' Read: Sadik further emphasised the bank's prudent approach to liquidity and asset quality: 'The Group's loan-to-deposit ratio stood at 72 per cent and credit provisions held against non-performing loans continue to exceed 100 per cent.' She added that the bank's capital adequacy ratio stood at 17.1 per cent, with a capital base primarily composed of common equity. Arab Bank's ongoing strength and strategic vision have also earned it recognition on the global stage.
&w=3840&q=100)
Business Standard
16-07-2025
- Politics
- Business Standard
Brazilian ex-President echoes Trump, calls coup plot trial 'witch hunt'
Brazil's chief prosecutor has called for a guilty verdict in the case of far-right former President Jair Bolsonaro, who is on trial accused of leading an alleged coup plot. The evidence is clear: the defendant acted systematically, throughout his mandate and after his defeat at the polls, to incite insurrection and the destabilization of the democratic rule of law, Prosecutor-General Paulo Gonet said in a 517-long page document released late Monday. Bolsonaro is accused of seeking to overturn the 2022 election in which he was defeated by a left-wing rival. All the accusations are false. I never violated democracy or the constitution, Bolsonaro said on X hours before Gonet submitted his final report. The ex-president said that the trial was a witch hunt, echoing a term used by US President Donald Trump when he came to his South American ally's defense last week. The prosecution accuses Bolsonaro of leading an armed criminal organization, attempting to stage a coup and attempting violent abolition of the democratic rule of law, aggravated damage and deterioration of listed heritage. The defence will present its case shortly. Then the panel of Supreme Court justices that opened a trial against the former leader will vote on whether to convict or acquit him. Experts expect that to happen in the second half of the year. A coup conviction carries a sentence of up to 12 years. A conviction on that and other charges could bring decades behind bars. The former president has repeatedly denied the allegations and asserted that he's the target of political persecution. A lawyer for Bolsonaro didn't immediately respond to a request for comment. Last week, Trump imposed a 50% import tax on Brazil, directly tying the tariffs to Bolsonaro's trial. The U.S. president has hosted the former Brazilian president at his Mar-a-Lago resort when both were in power in 2020. Last week, he compared the Brazilian's situation to his own. Speaking to reporters at the White House on Tuesday, Trump repeated the claim that the trial is a witch hunt. Bolsonaro is not a dishonest man, he said. Nobody is happy with what Brazil is doing because Bolsonaro was a respected president. Trump added that Bolsonaro isn't a friend, but someone he knows. Gonet formally charged Bolsonaro and 33 others in February in connection with an alleged coup days after President Luiz Incio Lula da Silva took office. Gonet said Bolsonaro's actions were not limited to a passive stance of resistance to defeat, but were a conscious effort to create an environment conducive to violence and a coup. He added that the criminal organization documented almost all of the actions described in the indictment through recordings, handwritten notes, digital files, spreadsheets and exchanges of electronic messages. The prosecution is also seeking convictions for several close allies of Bolsonaro, including his running mate during the 2022 election and former defense minister, Walter Braga Netto, ex-Justice Minister Anderson Torres and his aide-de-camp Mauro Cid. Brazil's Supreme Court president, Justice Lus Roberto Barroso, said that the US sanctions a reference to Trump's tariffs are based on an inaccurate understanding of events. For those who didn't live through a dictatorship or don't remember one, it's worth remembering: there was a lack of freedom, torture, forced disappearances, the closure of Congress, and the persecution of judges. In today's Brazil, no one is persecuted, Barroso said. Bolsonaro, a former military officer who was known to express nostalgia for the country's past dictatorship, openly defied Brazil's judicial system during his 2019-2022 term in office. He has been banned by Brazil's top electoral court from running in elections until 2030 over abuse of power while in office and casting unfounded doubts on the country's electronic voting system. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Yahoo
15-07-2025
- Politics
- Yahoo
Brazil's Bolsonaro echoes Trump by describing coup plot trial as a 'witch hunt'
RIO DE JANEIRO (AP) — Brazil's chief prosecutor has called for a guilty verdict in the case of far-right former president Jair Bolsonaro, who is on trial accused of leading an alleged coup plot. 'The evidence is clear: the defendant acted systematically, throughout his mandate and after his defeat at the polls, to incite insurrection and the destabilization of the democratic rule of law,' Prosecutor-General Paulo Gonet said in a 517-long page document released late on Monday. Bolsonaro is accused of seeking to overturn the 2022 election in which he was defeated by a left-wing rival. 'All the accusations are false. I never violated democracy or the constitution,' Bolsonaro said on X hours before Gonet submitted his final allegations. He said the trial was a 'witch hunt,' echoing a term used by U.S. President Donald Trump when he came to his South American ally's defense last week. The prosecution accuses Bolsonaro of leading an armed criminal organization, attempting to stage a coup and attempting violent abolition of the democratic rule of law, aggravated damage and deterioration of listed heritage. The defence will present its case shortly. Then the panel of Supreme Court justices that opened a trial against the former president will vote on whether to convict or acquit him. Experts expect that to happen in the second half of the year. A coup conviction carries a sentence of up to 12 years. A conviction on that and other charges could bring decades behind bars. The former president has repeatedly denied the allegations and asserted that he is the target of political persecution. A lawyer for Bolsonaro did not immediately respond to a request for comment. Trump last week imposed a 50% import tax on Brazil, directly tying the tariffs to Bolsonaro's trial. The U.S. president has described Bolsonaro as a friend and hosted the former Brazilian president at his Mar-a-Lago resort when both were in power in 2020. President Donald Trump said that Brazil 'is doing a terrible thing in their treatment' of Bolsonaro. He added that Bolsonaro 'is not guilty of anything, except for having fought for the people,' and compared the Brazilian's situation to his own. Gonet formally charged Bolsonaro and 33 others in February in connection with an alleged coup days after President Luiz Inácio Lula da Silva took office. Gonet said Bolsonaro's actions 'were not limited to a passive stance of resistance to defeat, but were a conscious effort to create an environment conducive to violence and a coup.' He added that 'the criminal organization documented almost all of the actions described in the indictment through recordings, handwritten notes, digital files, spreadsheets, and exchanges of electronic messages.' The prosecution is also seeking convictions for several close allies of Bolsonaro, including his running mate during the 2022 election and former defense minister, Walter Braga Netto, ex-Justice Minister Anderson Torres and his aide-de-camp Mauro Cid. Brazil's Supreme Court president, Justice Luís Roberto Barroso, said the U.S. 'sanctions' — a reference to Trump's tariffs — are based on 'an inaccurate understanding' of events. 'For those who didn't live through a dictatorship or don't remember one, it's worth remembering: there was a lack of freedom, torture, forced disappearances, the closure of Congress, and the persecution of judges. In today's Brazil, no one is persecuted,' Barroso said. Bolsonaro, a former military officer who was known to express nostalgia for the country's past dictatorship, openly defied Brazil's judicial system during his 2019-2022 term in office. He has been banned by Brazil's top electoral court from running in elections until 2030 over abuse of power while in office and casting unfounded doubts on the country's electronic voting system.
Hamilton Spectator
15-07-2025
- Politics
- Hamilton Spectator
Brazil's Bolsonaro echoes Trump by describing coup plot trial as a ‘witch hunt'
RIO DE JANEIRO (AP) — Brazil's chief prosecutor has called for a guilty verdict in the case of far-right former president Jair Bolsonaro, who is on trial accused of leading an alleged coup plot. 'The evidence is clear: the defendant acted systematically, throughout his mandate and after his defeat at the polls, to incite insurrection and the destabilization of the democratic rule of law,' Prosecutor-General Paulo Gonet said in a 517-long page document released late on Monday. Bolsonaro is accused of seeking to overturn the 2022 election in which he was defeated by a left-wing rival. 'All the accusations are false. I never violated democracy or the constitution,' Bolsonaro said on X hours before Gonet submitted his final allegations. He said the trial was a 'witch hunt,' echoing a term used by U.S. President Donald Trump when he came to his South American ally's defense last week. The prosecution accuses Bolsonaro of leading an armed criminal organization, attempting to stage a coup and attempting violent abolition of the democratic rule of law, aggravated damage and deterioration of listed heritage. The defence will present its case shortly. Then the panel of Supreme Court justices that opened a trial against the former president will vote on whether to convict or acquit him. Experts expect that to happen in the second half of the year. A coup conviction carries a sentence of up to 12 years. A conviction on that and other charges could bring decades behind bars. The former president has repeatedly denied the allegations and asserted that he is the target of political persecution. A lawyer for Bolsonaro did not immediately respond to a request for comment. Trump last week imposed a 50% import tax on Brazil , directly tying the tariffs to Bolsonaro's trial. The U.S. president has described Bolsonaro as a friend and hosted the former Brazilian president at his Mar-a-Lago resort when both were in power in 2020. Trump said that Brazil 'is doing a terrible thing in their treatment' of Bolsonaro. He added that Bolsonaro 'is not guilty of anything, except for having fought for the people,' and compared the Brazilian's situation to his own. Gonet formally charged Bolsonaro and 33 others in February in connection with an alleged coup days after President Luiz Inácio Lula da Silva took office. Gonet said Bolsonaro's actions 'were not limited to a passive stance of resistance to defeat, but were a conscious effort to create an environment conducive to violence and a coup.' He added that 'the criminal organization documented almost all of the actions described in the indictment through recordings, handwritten notes, digital files, spreadsheets, and exchanges of electronic messages.' The prosecution is also seeking convictions for several close allies of Bolsonaro, including his running mate during the 2022 election and former defense minister, Walter Braga Netto, ex-Justice Minister Anderson Torres and his aide-de-camp Mauro Cid. Brazil's Supreme Court president, Justice Luís Roberto Barroso, said the U.S. 'sanctions' — a reference to Trump's tariffs — are based on 'an inaccurate understanding' of events. 'For those who didn't live through a dictatorship or don't remember one, it's worth remembering: there was a lack of freedom, torture, forced disappearances, the closure of Congress, and the persecution of judges. In today's Brazil, no one is persecuted,' Barroso said. Bolsonaro, a former military officer who was known to express nostalgia for the country's past dictatorship , openly defied Brazil's judicial system during his 2019-2022 term in office. He has been banned by Brazil's top electoral court from running in elections until 2030 over abuse of power while in office and casting unfounded doubts on the country's electronic voting system. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
15-07-2025
- Politics
Brazil's Bolsonaro echoes Trump by describing coup plot trial as a 'witch hunt'
RIO DE JANEIRO -- Brazil's chief prosecutor has called for a guilty verdict in the case of far-right former president Jair Bolsonaro, who is on trial accused of leading an alleged coup plot. 'The evidence is clear: the defendant acted systematically, throughout his mandate and after his defeat at the polls, to incite insurrection and the destabilization of the democratic rule of law,' Prosecutor-General Paulo Gonet said in a 517-long page document released late on Monday. Bolsonaro is accused of seeking to overturn the 2022 election in which he was defeated by a left-wing rival. 'All the accusations are false. I never violated democracy or the constitution,' Bolsonaro said on X hours before Gonet submitted his final allegations. He said the trial was a 'witch hunt,' echoing a term used by U.S. President Donald Trump when he came to his South American ally's defense last week. The prosecution accuses Bolsonaro of leading an armed criminal organization, attempting to stage a coup and attempting violent abolition of the democratic rule of law, aggravated damage and deterioration of listed heritage. The defence will present its case shortly. Then the panel of Supreme Court justices that opened a trial against the former president will vote on whether to convict or acquit him. Experts expect that to happen in the second half of the year. A coup conviction carries a sentence of up to 12 years. A conviction on that and other charges could bring decades behind bars. The former president has repeatedly denied the allegations and asserted that he is the target of political persecution. A lawyer for Bolsonaro did not immediately respond to a request for comment. Trump last week imposed a 50% import tax on Brazil, directly tying the tariffs to Bolsonaro's trial. The U.S. president has described Bolsonaro as a friend and hosted the former Brazilian president at his Mar-a-Lago resort when both were in power in 2020. Trump said that Brazil 'is doing a terrible thing in their treatment' of Bolsonaro. He added that Bolsonaro 'is not guilty of anything, except for having fought for the people,' and compared the Brazilian's situation to his own. Gonet formally charged Bolsonaro and 33 others in February in connection with an alleged coup days after President Luiz Inácio Lula da Silva took office. Gonet said Bolsonaro's actions 'were not limited to a passive stance of resistance to defeat, but were a conscious effort to create an environment conducive to violence and a coup.' He added that 'the criminal organization documented almost all of the actions described in the indictment through recordings, handwritten notes, digital files, spreadsheets, and exchanges of electronic messages.' The prosecution is also seeking convictions for several close allies of Bolsonaro, including his running mate during the 2022 election and former defense minister, Walter Braga Netto, ex-Justice Minister Anderson Torres and his aide-de-camp Mauro Cid. Brazil's Supreme Court president, Justice Luís Roberto Barroso, said the U.S. 'sanctions' — a reference to Trump's tariffs — are based on 'an inaccurate understanding' of events. 'For those who didn't live through a dictatorship or don't remember one, it's worth remembering: there was a lack of freedom, torture, forced disappearances, the closure of Congress, and the persecution of judges. In today's Brazil, no one is persecuted,' Barroso said. Bolsonaro, a former military officer who was known to express nostalgia for the country's past dictatorship, openly defied Brazil's judicial system during his 2019-2022 term in office. He has been banned by Brazil's top electoral court from running in elections until 2030 over abuse of power while in office and casting unfounded doubts on the country's electronic voting system.
