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East Med: Greece ratifies deal with Egypt; Turkey to hold drills | Greece News

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Greece has ratified an accord on maritime boundaries with Egypt, hours after Turkey extended the operation of a seismic survey vessel in the Eastern Mediterranean and said it will hold firing exercises in the region next week.

The Athens-Cairo agreement is seen as a response to a Turkish-Libyan accord signed in 2019 allowing Turkey access to areas in the region where large hydrocarbon deposits have been discovered.

Under their treaty, Egypt and Greece are now allowed to seek maximum benefit from the resources available in an exclusive economic zone, including oil and gas reserves.

A similar accord between Italy and Greece was approved on Wednesday.

Greek government spokesman Stelios Petsas on Thursday said “their ratification is urgent” given “Turkey’s illegal activities”.

Greek Prime Minister Kyriakos Mitsotakis told parliament another bill will extend Greece’s coastal zone in the Ionian Sea from six (about 11km) to 12 nautical miles (22km) under international maritime conventions.

Will Greece and Turkey fight over energy?

Turkey and Greece – both NATO allies – are at odds over the rights to potential hydrocarbon resources in the eastern Mediterranean area, based on conflicting claims over the extent of their continental shelves.

Tensions escalated this month after Ankara dispatched the Oruc Reis seismic survey vessel in a disputed area following the pact between Athens and Cairo.

Turkey has said the pact infringes on its own continental shelf. The agreement also overlaps with maritime zones Turkey agreed to with Libya last year, decried as illegal by Greece.

Al Jazeera’s John Psaropoulos, reporting from Athens, said “Greece got what it wanted legally and diplomatically” following the maritime accord with Egypt.

‘It has the backing of Europe, it has the agreement in legal terms with Egypt, a very good agreement in legal terms with Italy,” he said.

“Greece now feels to be in a position of legal strength to demand that Turkey agrees to have talks on the basis of international maritime law.”

Sinem Koseoglu, Al Jazeera correspondent in Istanbul, however, said it is unlikely that Turkey will “come to a negotiating table” and the Greece-Egypt deal means the “military tensions are going to rise” in the region.

“But will it turn into a conflict? This is still a question mark,” she said.

‘Gunnery exercises’

Earlier on Thursday, the Turkish navy issued the latest advisory, known as a Navtex, saying it will hold “gunnery exercises” in the Eastern Mediterranean off the coast of Iskenderun, northeast of Cyprus on September 1 and 2.

It also extended the seismic work of the Oruc Reis vessel southwest of Cyprus, until September 1.

Greece says the Turkish advisories are illegal.

Maritime zones give a state rights over natural resources. Largely unexplored, the Eastern Mediterranean is thought to be rich in natural gas.

As the dispute widened, France said on Wednesday it was joining military exercises with Italy, Greece and Cyprus in the Eastern Mediterranean.

Turkish Foreign Ministry spokesman Hami Aksoy said the deployment of French military aircraft in Cyprus violated treaties regarding the control and administration of the island after independence from Britain in 1960.

Aksoy said France’s stance was dangerously encouraging Greece and Cyprus to further escalate tensions in the region.

Cyprus was divided in 1974 following a Turkish invasion triggered by a Greek-inspired coup.

Turkey recognises the Turkish-populated north of Cyprus as a separate state, which is not recognised by other countries.

Greece said on Wednesday it plans to extend its territorial waters in the Ionian Sea to 12 nautical miles (22km) from its coast, from six nautical miles, after the ratification of a maritime deal with Italy.

To the east of Greece, Turkey has warned that a similar move by Athens in waters east of Greece would be a cause for war.

SOURCE:
Al Jazeera and news agencies



Source – www.aljazeera.com

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Charles Mbire gains $1.2 million as stake in MTN Uganda rises above $51 million

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Ugandan businessman and MTN Uganda Chairman Charles Mbire has seen the market value of his stake in MTN Uganda surge above $51 million in just two days, as the share price in the leading teleco company increased by a single digit.

The single-digit bump in the share price caused the market value of Mbire’s stake to gain UGX4.42 billion ($1.24 million) in less than two days.

The million-dollar increase in the value of his stake came after Uganda’s largest telecom company delivered the country’s largest-ever IPO through the listing of 22.4 billion ordinary shares on the Uganda Securities Exchange (USE).

Upon completing the largest IPO in Uganda’s history, MTN Uganda raised a record UGX535 billion ($150.4 million) from the applications that it received for a total of 2.9 billion shares, including incentive shares.

As of press time, Dec. 7, shares in the company were trading at UGX204.95 ($0.0574), down six basis points from their opening price this morning.

Data gathered by Billionaires.Africa revealed that since the telecom company registered its shares on the Ugandan bourse on Mon., Dec. 6, its share price has increased by 2.5 percent from UGX200 ($0.056) to UGX204.95 ($0.0574) as of the time of writing, as retail investors sustained buying interest long after the public offering.

The increase in the company’s share price caused the market value of Mbire’s 3.98-percent stake to rise from UGX178.45 billion ($49.96 million) to UGX182.86 billion ($51.2 million).

In less than two days, his stake gained more than UGX4.42 billion ($1.24 million).

In a statement after the successful listing of MTN Uganda’s shares, Mbire said the IPO shows the confidence that Ugandans and other investors have in the company, its brand and strategic intent.

“We commend all the regulators for their support in our work to become a USE-listed company and to comply in a timely manner with the listing provisions of the national telecommunications operators’ license,” he said.

Steady but sure-MBIRE who is the biggest investor on Ugandas Stock exchange with stocks valued at more than $55 million is laughing all the way to the bank after MTN declared the latest dividend payout.He has steadily grown his business empire which is believed to be more that $350 million (debt free).

Steady but sure-MBIRE who is the biggest investor on Ugandas Stock exchange with stocks valued at more than $55 million is laughing all the way to the bank after MTN declared the latest dividend payout.He has steadily grown his business empire which is believed to be more that $350. ( debt free).

He is into communications-revenue assurance-cement-distribution-oil services-real estate-oil exploration and logistics.

Source: Billionaires Africa

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2-year-old dies at Arua hospital as nurse demands Shs 210,000 bribe

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A two-year-old child died at Arua Regional Referral hospital after a nurse, Paul Wamala demanded a bribe amounting to Shs 210,000 before carrying out an operation. 

The incident happened on Saturday, after Aron Nabil, a two-year-old child was referred to the hospital for an operation after he was diagnosed with intestinal obstruction, a medical emergency caused by a blockage that keeps food or liquid from passing through the small intestine or large intestine.

According to the relatives of the child, Wamala allegedly asked them to initially give him Shs 30,000 to buy medicines to commence the procedure. He however returned shortly asking for an additional Shs 180,000 from the relatives.

Emily Adiru, a resident of Osu cell, in Bazar Ward, Central Division, and a relative of the child says although they paid money to Wamala, he abandoned the child without carrying out the operation. According to Adiru, Wamala later refunded Shs 200,000 through mobile money, after she threatened to report him to the police.

“They told us this boy needs an operation which was supposed to be done in the morning on Sunday at around 7 am. They took him inside there, some doctor came from the theatre, he called one of us and said, we should pay Shs 70,000 for buying medicine to start the operation. We paid the Shs 30,000 [but] after paying the Shs 30,000, after some minutes, the same man came and opened the door and called us again, and told us we should pay another Shs 100,000. We also paid the Shs 100,000 and we thought it is finished. We were outside there waiting for our patient to come out [but] then this man came back again and said we should pay another Shs 80,000,” said Adiru.

Although the operation was later carried out after a 7-hour delay, the child didn’t make it, and relatives attribute the death to negligence. Miria Ahmed, a concerned resident wonders why such incidents have persisted at the facility which is supposed to service the citizens.

“Is the problem the hospital, is it the management or it is the human resource that is the problem in the hospital? A small child like this you demand Shs 210,000 for the operation? Well, if the money was taken and the operation is done, I would say anything bad but this money was taken and the small boy was abandoned in the theatre,” she said. 

When contacted Wamala refused to comment on the allegations. Dr Gilbert Aniku, the acting hospital director says that the hospital will issue an official statement later since consultations about the matter are ongoing.

Arua City resident district commissioner, Alice Akello has condemned the actions of the nurse saying she has ordered his arrest so as to set an example to the rest. The case has been reported to Arua regional referral hospital police post under SD reference No:05/30/05/2022.



Source – observer.ug

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Mexican president’s Mayan Train dealt new legal setback | Tourism News

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Activists say the planned tourist train will harm the wildlife and natural features of the Yucatan Peninsula.

Mexican President Andres Manuel Lopez Obrador has been dealt the latest setback to an ambitious plan to create a tourist train to connect the country’s southern Yucatan Peninsula.

On Monday, a judge indefinitely suspended construction on a portion of the project, known as the Mayan Train, saying the plans currently do not comply “with the proceedings of the environmental impact evaluation”.

The ruling follows a legal challenge by activists who said they were concerned the 60km (37 mile) portion of the train that would connect the resorts of Playa del Carmen and Tulum would adversely affect the area’s wildlife, as well as its caves and water-filled sinkholes known as cenotes.

The original plan for the disputed section was for an overpass over a highway, but the route was modified early this year to go through jungle at ground level.

The federal judge cited the “imminent danger” of causing “irreversible damage” to ecosystems, according to one of the plaintiffs, the non-governmental group Defending the Right to a Healthy Environment. In a statement, the group said that authorities had failed to carry out the necessary environmental impact studies before starting construction of the section.

Lopez Obrador had announced the ambitious project in 2018, with construction beginning in 2020. The roughly 1,500km (930 mile) cargo and passenger rail loop was presented as a cornerstone of a wider plan to develop the poorer states and remote towns throughout the about 181,000sq km (70,000sq mile) Yucatan Peninsula.

The railway is set to connect Caribbean beach resorts with Mayan archaeological ruins, with authorities aiming to complete the project by the end of 2023. The plan is estimated to cost about $16bn.

The project has split communities across the region, with some welcoming the economic development and connectivity it would bring. Others, including some local Indigenous communities, have challenged the project, saying it could not only disrupt the migratory routes of endangered species, including jaguars, tapirs and ocelots, but could also potentially damage centuries-old Mayan archaeological sites.

The National Fund for the Promotion of Tourism, the government agency overseeing the project, has said that it expects to “overcome” the latest challenge and that work should continue after an environmental impact statement is finalised. It said the Environment Ministry was currently reviewing its environmental application for the project.

For his part, Lopez Obrador has insisted the railway will not have a significant environmental effect and has accused activists of being infiltrated by “impostors”.



Source – www.aljazeera.com

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