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A ceasefire between Israel and Hezbollah came into effect on Wednesday. It marks the first pause in Israel's war on Lebanon, which has killed more than 3,700 people in the past year.
The National has obtained the final version of the full text of the agreement from a senior official, after it was discussed in a government meeting in Beirut on Wednesday. It was agreed and sent to Lebanon's parliament for approval. The deal was mediated by the US envoy Amos Hochstein.
Announcement of a Cessation of Hostilities and Related Commitments on Enhanced Security Arrangements and Towards the Implementation of UNSCR 1701
After discussions with the governments of the republic of Lebanon (hereinafter “Lebanon”) and the state of Israel (hereinafter “Israel”), the United States of America and France understand that Lebanon and Israel seek a sustainable end to the current escalation of hostilities across the Blue Line and are each prepared to take steps to promote conditions for a permanent and comprehensive solution. These understandings reflect steps to which Israel and Lebanon are committed in order to implement fully UN Security Council Resolution (UNSCR) 1701, recognising that UNSCR 1701 also calls for full implementation of its predecessor UNSC resolutions, including “disarmament of all armed groups in Lebanon”, so that the only forces authorised to carry arms in Lebanon will be the Lebanese Armed Forces (LAF), Internal Security Forces, Directorate of General Security, General Directorate of State Security, Lebanese Customs and Municipal Police (hereinafter “Lebanon's official military and security forces”). To that end, the US and France understand the following:
1. Israel and Lebanon will implement a cessation of hostilities beginning at 4am, November 27, 2024 in accordance with the commitments detailed below.
2. From 4am, November 27, 2024 forward, the Government of Lebanon will prevent Hezbollah and all other armed groups in the territory of Lebanon from carrying out any operations against Israel, and Israel will not carry out any offensive military operations against Lebanese targets, including civilian, military or other state targets, in the territory of Lebanon by land, air or sea.
3. Israel and Lebanon recognise the importance of UNSCR 1701 to achieving lasting peace and security and commit to taking steps towards its full implementation, without violation.
4. These commitments do not preclude either Israel or Lebanon from exercising their inherent right of self-defence, consistent with international law.
5. Without prejudice to the UN Interim Force in Lebanon (Unifil) and its responsibilities, or to commitments in UNSCR 1701 and its predecessor resolutions, Lebanon's official military and security forces, infrastructure and weaponry will be the only armed groups, arms and related materiel deployed in the southern Litani area shown in the attached LAF Deployment Plan (hereinafter “the Southern Litani Area”).
6. Consistent with UNSCR 1701 and its predecessor resolutions, in order to prevent the re-establishment and rearmament of non-state armed groups in Lebanon, any sales or supply of arms and related materiel into Lebanon will be regulated and controlled by the Government of Lebanon. Additionally, all production of arms and related materiel within Lebanon will be regulated and controlled by the Government of Lebanon.
7. In order to implement UNSCR 1701, and upon the commencement of the cessation of hostilities according to paragraph one, the Government of Lebanon will provide all necessary authorities, including freedom of movement, to Lebanon's official military and security forces, and instruct them, consistent with UNSCR 1701 and its predecessor resolutions to:
a. Monitor and enforce against any unauthorised entry of arms and related materiel into and throughout Lebanon, including through all border crossings, and against the unauthorised production of arms and materiel within Lebanon.
b. Starting with the Southern Litani Area, dismantle all existing unauthorised facilities involved in the production of arms and related materiel, and prevent the establishment of such facilities in the future.
c. Starting with the Southern Litani Area, dismantle all infrastructure and military positions, and confiscate all unauthorised arms inconsistent with these commitments.
8. The US and France intend to work within the Military Technical Committee for Lebanon (MTC4L) to enable and achieve a total LAF deployment of 10,000 soldiers to southern Lebanon as soon as possible. Further, the US and France intend to work with the international community to support the LAF as appropriate to achieve such an increase in its deployment levels in Lebanon, and to improve its capabilities.
9. Upon the commencement of the cessation of hostilities according to paragraph one, and without prejudice to Unifil and its mandate and responsibilities in UNSCR 1701 and its predecessor resolutions, Israel and Lebanon resolve, in co-ordination with Unifil, to reformulate and enhance the tripartite mechanism (hereinafter: “the Mechanism”). The reformulated and enhanced Mechanism, hosted by Unifil, chaired by the US, and including France, will monitor, verify, and assist in ensuring enforcement of these commitments.
a. Israel and Lebanon will co-operate with and facilitate the work of the Mechanism and will ensure their safety.
b. The Mechanism will work with the MTC4L to strengthen the capacity and training of the LAF to inspect and dismantle unauthorised sites and infrastructure, above and below ground, confiscate unauthorised weapons, and prevent the presence of unauthorised armed groups.
c. Alongside the Mechanism's work, Unifil's work pursuant to its mandate will continue, including the efforts Unifil supports through its convening role that enhance the Mechanism's effectiveness.
10. Israel and Lebanon will report any alleged violations to the Mechanism and Unifil without prejudice to their respective rights to communicate directly with the UN Security Council. The Mechanism will develop appropriate procedures to consult, inspect, gather information, and assist in ensuring the enforcement of these commitments.
11. Upon the commencement of the cessation of hostilities according to paragraph one, Lebanon will deploy its official military and security forces to all borders, and to all regulated and non-regulated land, air and sea border crossings. In addition, the LAF will deploy forces, set road blocks and checkpoints on all the roads and bridges along the line delineating the Southern Litani Area.
12. Upon the commencement of the cessation of hostilities according to paragraph one, Israel will withdraw its forces in a phased manner south of the Blue Line, and in parallel the LAF will deploy to positions in the Southern Litani Area shown in the attached LAF Deployment Plan, and will commence the implementation of its obligations under the commitments, including the dismantling of unauthorised sites and infrastructure and confiscating unauthorised arms and related materiel. The Mechanism will co-ordinate execution by the Israel Defence Forces and LAF of the specific and detailed plan for the phased withdrawal and deployment in these areas, which should not exceed 60 days.
13. Israel and Lebanon request that the US – with the partnership of the UN – facilitate indirect negotiations between Israel and Lebanon with the objective of resolving remaining disputed points along the Blue Line, consistent with resolution 1701.
The US and France understand that the above commitments will be accepted by Israel and Lebanon concurrently with this announcement.
These commitments strive to enable civilians on both sides of the Blue Line to return safely to their lands and homes. The US and France further intend to lead international efforts to support capacity-building and economic development throughout Lebanon to advance stability and prosperity in this region.
COMPANY%20PROFILE%20
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
All or Nothing
Amazon Prime
Four stars
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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Company%20Profile
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How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Warlight,
Michael Ondaatje, Knopf
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.
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