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Hezbollah says it won’t be dragged into war after Beirut bloodshed

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(Last Updated On: October 17, 2021)

The deadly clashes that broke out in Beirut on Thursday amounted to a “massacre” and its perpetrators should be held to account, the pro-Iranian al-Mayadeen TV cited a Hezbollah representative in the Lebanese parliament as saying on Sunday.

“What the criminals … did is a massacre and it will have important ramifications,” MP Hassan Fadallah said, according to the Beirut-based channel.

“Those who incited, planned … and opened fire should be held to account all the way up to the top.”

On Friday the Lebanese Shi’ite group Hezbollah said it would not be dragged into civil war even as it stepped up accusations against the Christian Lebanese Forces (LF) party it says killed seven Shi’ites in Beirut’s bloodiest street violence in years.

The accusation, denied by the LF, underlines worsening sectarian tensions after Thursday’s violence which began as people were gathering for a protest called by Hezbollah against the judge investigating last year’s Beirut port blast.

The probe into the catastrophic blast appears in increasing doubt, fuelled by a bitter political dispute over the lead investigator’s attempts to question officials who include Hezbollah allies.

The violence, which erupted at a boundary between Christian and Shi’ite Muslim neighbourhoods, has added to concerns for the stability of a country that is awash with weapons and grappling with one of the world’s sharpest ever economic meltdowns.

The Lebanese Forces condemned the violence on Thursday which it blamed on Hezbollah “incitement” against Judge Tarek Bitar, the investigator.

The sound of gunfire could be heard across Beirut during funerals on Friday.

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Pakistan receives $3 billion loan from Saudi Arabia

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(Last Updated On: December 5, 2021)

Pakistan on Saturday received a $3 billion loan from Saudi Arabia, the prime minister’s finance adviser said, as part of an economic support package.

The South Asian country has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency, Reuters reported.

Pakistan’s total liquid foreign reserves stand at $22,498.8 million, based on central bank data.

Shaukat Tarin, finance adviser to Pakistan’s prime minister Imran Khan, said in a tweet: “I want to thank His Excellency Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia for the kind gesture.”

The loan from Saudi Arabia will be for one year at a 4% interest rate under the terms of the package, which was signed last month, Reuters reported.

“This is positive news … and will help bolster both the foreign exchange reserves and sentiments in the forex market,” Saad Hashemy, executive director at BMA Capital said.

The loan comes a week after the International Monetary Fund agreed with Pakistan on measures needed to revive a stalled $6 billion funding program.

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Uzbekistan’s Samarkand city named 2023 World Tourism Capital

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(Last Updated On: December 5, 2021)

Uzbekistan’s historic city of Samarkand was chosen as the 2023 World Tourism Capital at the 24th General Assembly of the UN World Tourism Organization (UNWTO) in Spain, Uzbekistan’s Tourism and Sports Ministry said in a statement on Saturday.

Samarkand will host the 25th General Assembly of the UNWTO, which will be a “historic event” as it marks the first time in history that the gathering will be held in Uzbekistan, read the statement.

The summit in Madrid was attended by a delegation led by Uzbekistan’s Tourism and Sports Minister Aziz Abdukhakimov, who is also the country’s deputy prime minister.

The opportunity to host a UN organization meeting for the first time is the result of the Uzbek government’s policies and efforts to develop tourism in the country, the statement added.

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Russia, Southeast Asia conclude first joint naval exercise

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(Last Updated On: December 4, 2021)

Russia and the Association of Southeast Asian Nations (ASEAN) have concluded their first joint naval exercise, Indonesia’s navy said on Saturday, as the region faces rising tensions with China.

The three-day exercise off the coast of Indonesia’s Sumatra island aimed at increasing interoperability between the ASEAN member states and the Russian navy in the strategic maritime area. It comes amid rising tensions between major powers in the South China Sea, a resource-rich waterway of geopolitical significance, Reuters reported.

“The exercise has a strategic impact because it was designed to cultivate friendships between the Indonesian government, ASEAN countries and Russia,” the navy said.

The two-stage drills involved eight warships and four aircraft from Russia, Indonesia, Malaysia, Thailand, Vietnam, Singapore and Brunei.

Aleksei Bolotnikov, commander of the Russian warship Admiral Panteleyev, was quoted as saying he hoped the next ASEAN-Russia exercise could take place in Vladivostok, Reuters reported.

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