German chancellor tells Trump US remains an ‘indispensable’ friend

German chancellor tells Trump US remains an ‘indispensable’ friend
German Chancellor Friedrich Merz addresses young people who took part in the youth4peace project in the Chancellery in Berlin on May 8, 2025. (AFP)
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Updated 09 May 2025
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German chancellor tells Trump US remains an ‘indispensable’ friend

German chancellor tells Trump US remains an ‘indispensable’ friend
  • Friedrich Merz discussed the Ukraine war and trade rows with the US president on Thursday, using their first phone call to attempt to heal frayed ties

BERLIN: Germany’s new Chancellor Friedrich Merz discussed the Ukraine war and trade rows with US President Donald Trump on Thursday and said the United States remained Berlin’s “indispensable” partner, using their first phone call to attempt to heal frayed ties.

Since Trump returned to the White House, he has rattled Europe with head-pinning changes in security and trade policy, while his top administration officials have strongly supported Germany’s far-right AfD party.

Merz, despite being an avowed transatlanticist, has called for Europe to become more independent of its traditional NATO ally and said after his February election win that he had “no illusions” about the new tone from Washington.

But in their talk on Thursday, the conservative Merz “assured the American President that, 80 years after the end of the Second World War, the USA remains an indispensable friend and partner of Germany,” said a statement from Berlin.

“Both agreed to a close exchange and announced mutual visits to the USA and Germany,” it added without giving dates.

Merz’s spokesman Stefan Kornelius highlighted broad agreement to jointly resolve major crises, from the Ukraine war to the escalating US-EU trade row sparked by Trump’s blizzard of tariffs.

The new chancellor “shared the President’s call for a swift end to the killing in Ukraine” and said that “Russia must now agree to a ceasefire to create space for negotiations.”

The statement added that “Trump said he would strongly support Germany’s efforts, together with France, Great Britain, Poland and other European partners, to achieve lasting peace.”

The call came after Merz took power on Tuesday in a bumpy first day during which he was only elected in a second-round vote my MPs, having lost the first one in a surprise upset.

His inauguration ended half a year of political paralysis in Europe’s top economy since center-left ex-chancellor Olaf Scholz’s government collapsed last November 6, the day Trump was re-elected to the White House.

Trump’s inauguration came about a month before the German election on February 23 and heavily impacted the final stretch of the campaign.

The new US president reached out directly to Russia to end the Ukraine war and fueled doubts about the future strength of NATO, while threatening a trade war that would harm especially export power Germany.

Merz, straight after winning the election, urged the speedy formation of a new coalition government, warning that “the world isn’t waiting for us.”

He said his “absolute priority will be to strengthen Europe as quickly as possible so that, step by step, we can really achieve independence from the USA” in security matters.

During the campaign, the anti-immigration Alternative for Germany (AfD) won strong backing from Trump ally Elon Musk, the technology billionaire, who called it the “best hope” for Germany.

Last week, after Germany’s domestic intelligence agency designated the AfD a “right-wing extremist” party, US Secretary of State Marco Rubio called the move “tyranny in disguise.”

Vice President JD Vance wrote on X that “the West tore down the Berlin Wall together. And it has been rebuilt — not by the Soviets or the Russians, but by the German establishment.”

Merz on Tuesday condemned what he labelled the recent “absurd observations” from the United States and said he “would like to encourage the American government... to largely stay out of” German domestic politics.

A politician with longstanding US ties, Merz said he had always felt “from America that they can clearly distinguish between extremist parties and parties of the political center.”

Merz also noted on Tuesday that “I did not interfere in the American election campaign” that elected Trump.

The Berlin statement after the first Trump-Merz phone call made no mention of the row over the AfD.

 


ITFC signs $513m syndicated Murabaha financing with Pakistan to support energy imports

ITFC signs $513m syndicated Murabaha financing with Pakistan to support energy imports
Updated 17 min 44 sec ago
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ITFC signs $513m syndicated Murabaha financing with Pakistan to support energy imports

ITFC signs $513m syndicated Murabaha financing with Pakistan to support energy imports

RIYADH: The International Islamic Trade Finance Corp. has signed a $513 million syndicated Murabaha financing facility with Pakistan to fund vital oil and gas imports, bolstering the country’s energy sector.

This deal marks ITFC’s largest syndicated financing for the South Asian country in the past three years, with the final amount raised being more than double the initial target, highlighting strong investor interest and confidence, the Emirates News Agency, or WAM, reported.

This latest financing aligns with ITFC’s commitment to delivering effective, Shariah-compliant trade solutions that meet the pressing needs of its member countries.

This also corresponds with projections from Apex Solar, which expect Pakistan’s energy storage market to expand at a compound annual growth rate of 22 percent in 2025.

The newly released WAM statement said: “The proceeds of the financing will be used for the import of crude oil, petroleum products, and liquefied natural gas to meet Pakistan’s energy needs.”

It added: “By supporting Pakistan’s energy sector, the facility contributes to broader goals of economic stability, sustainable development, and enhanced trade integration across the Organization of Islamic Cooperation region.”

In addition, Pakistan’s climate change minister reaffirmed the country’s commitment to launching its first national carbon market, following talks with an UN-supported initiative aimed at implementing policy guidelines introduced in 2024.

Federal Minister for Climate Change and Environmental Coordination Musadik Malik hosted a delegation from the Supporting Preparedness for Article 6 Cooperation initiative, which is overseen by the UN Environment Program.

The five-year undertaking is supporting Pakistan, Colombia, Thailand, and Zambia in developing the capacity to trade carbon credits under Article 6 of the Paris climate accord.

SPAR6C’s work in Pakistan includes technical assistance, student training, and pilot activities to help the country develop robust standards for carbon trading.

Malik explained that the South Asian country is committed to building a robust, transparent, and inclusive carbon market, adding that deeper cooperation with international partners and the domestic private sector will be key to delivering on the country’s climate goals, according to a statement released by his office.

Pakistan ranks among the world’s most climate-vulnerable countries, facing frequent floods and heatwaves, yet it contributes only a fraction of global greenhouse gas emissions.

The nation has set a goal of generating 60 percent of its electricity from renewable sources by 2030 and cutting projected carbon emissions by 50 percent.


Saudi human rights society praises UN resolution for children’s digital safety

Saudi human rights society praises UN resolution for children’s digital safety
Updated 26 min 45 sec ago
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Saudi human rights society praises UN resolution for children’s digital safety

Saudi human rights society praises UN resolution for children’s digital safety
  • Khalid Al-Fakhri, the society’s president, said the resolution marks major progress in strengthening legal and preventive protections for children against digital risks and violations

RIYADH: The National Society for Human Rights in Saudi Arabia welcomed the unanimous adoption by the UN Human Rights Council of a resolution on protecting children in cyberspace.

The society called it a significant step that strengthens international efforts to safeguard children’s rights amid the growing challenges of the digital world, the Saudi Press Agency reported on Tuesday.

It noted that the resolution aligns with the global initiative launched by Crown Prince Mohammed bin Salman to protect children in cyberspace, reflecting a strong commitment to upholding children’s rights in the digital sphere.

Khalid Al-Fakhri, the society’s president, said the resolution marks major progress in strengthening legal and preventive protections for children against digital risks and violations, and establishes an international framework to support countries’ and communities’ efforts in this field.

He stressed that protecting children’s rights is a core priority the society actively supports and promotes, and praised the Kingdom’s mission to the UN and international organizations in Geneva for its role in supporting and engaging with the resolution.

Al-Fakhri highlighted the need to integrate national and international efforts to advance human rights, particularly children’s rights in the digital age, the SPA reported.

The society reaffirmed its commitment to supporting all international and local initiatives to protect children’s rights and raise public and legislative awareness of the dangers of cyberspace.

These efforts, it added, are crucial to ensuring a safe digital environment and advancing the Kingdom’s Vision 2030 for a cohesive and secure society.


‘World’s oldest marathon runner’ dies aged 114 in road accident

‘World’s oldest marathon runner’ dies aged 114 in road accident
Updated 31 min 1 sec ago
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‘World’s oldest marathon runner’ dies aged 114 in road accident

‘World’s oldest marathon runner’ dies aged 114 in road accident
  • Fauja Singh gained global fame after taking up long-distance running at 89, completing marathons past 100
  • Tributes pour in for Sikh athlete who inspired generations with message of resilience, fitness and faith

NEW DELHI: India’s Fauja Singh, believed to be the world’s oldest distance runner, has died in a road accident aged 114, his biographer said Tuesday.

Singh, an Indian-born British national, nicknamed the “Turbaned Tornado,” died after being hit by a vehicle in Punjab state’s Jalandhar district on Monday.

“My Turbaned Tornado is no more,” Fauja’s biographer Khushwant Singh wrote on X.

“He was struck by an unidentified vehicle... in his village, Bias, while crossing the road. Rest in peace, my dear Fauja.”

Singh did not have a birth certificate but his family said he was born on April 1, 1911.

He ran full marathons (42 kilometer) till the age of 100.

His last race was a 10-kilometer (six-mile) event at the 2013 Hong Kong Marathon when 101, where he finished in one hour, 32 minutes and 28 seconds.

He became an international sensation after taking up distance running at the ripe old age of 89, after the death of his wife and one of his sons, inspired by seeing marathons on television.

Although widely regarded as the world’s oldest marathon runner, he was not certified by Guinness World Records as he could not prove his age, saying that birth certificates did not exist when he was born under British colonial rule in 2011.

Singh was a torchbearer for the Olympics at Athens 2004 and London 2012, and appeared in advertisements with sports stars such as David Beckham and Muhammad Ali.

His strength and vitality were credited to a routine of farm walks and a diet including Indian sweet “laddu” packed with dry fruits and home-churned curd.

Indian Prime Minister Narendra Modi paid tribute on social media.

“Fauja Singh was extraordinary because of his unique persona and the manner in which he inspired the youth of India on a very important topic of fitness,” said Modi on X

“He was an exceptional athlete with incredible determination. Pained by his passing away. My thoughts are with his family and countless admirers around the world.”


Saudi Arabia’s inflation holds steady at 2.3% in June

Saudi Arabia’s inflation holds steady at 2.3% in June
Updated 39 min 20 sec ago
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Saudi Arabia’s inflation holds steady at 2.3% in June

Saudi Arabia’s inflation holds steady at 2.3% in June

RIYADH: Saudi Arabia’s annual inflation rate stood at 2.3 percent in June, up slightly from 2.2 percent in May, according to the latest data released by the General Authority for Statistics.

The increase in prices was primarily driven by a rise in housing rents, which continued to exert upward pressure on the cost of living, even as other consumer categories experienced mixed price movements.

Housing and utility costs remained the biggest contributor to inflation, rising by 6.5 percent year on year. This surge was largely due to a 7.6 percent increase in actual housing rents, with villa rental prices alone climbing 7.1 percent compared to June last year.

Given that the housing component carries a significant weight of 25.5 percent in the consumer price index basket, its persistent escalation has had an outsized impact on overall inflation.

Compared to its Gulf Cooperation Council neighbors, the Kingdom’s inflation sits near the regional average. In the UAE, annual inflation hovered around 2.3 percent in recent months, reflecting similar housing-related pressures.

The Saudi food and beverage segment experienced an annual increase of 1.5 percent, driven by a 2.4 percent rise in meat and poultry prices. The cost of personal goods and services rose by 4.1 percent, influenced in large part by a 26.5 percent spike in jewelry, watches, and antiques.

Restaurants and hotels also saw moderate inflation, rising 1.6 percent annually, while education prices increased by 1.4 percent, driven mainly by a 5 percent hike in tertiary education fees.

At the same time, downward pressure came from a handful of categories. Prices for furnishings and household equipment fell by 1.7 percent due to a decline in furniture and carpeting. Clothing and footwear prices dipped 0.6 percent, primarily due to a reduction in garment costs, while transportation prices declined 0.7 percent year on year, reflecting a 1.7 percent drop in vehicle prices.

On a monthly basis, the CPI remained broadly stable in June, registering a modest 0.2 percent increase from May according to the report. This was once again led by a 0.2 percent rise in the housing category, alongside slight increases in food, personal goods, and recreation services.

Prices of health services and communication saw minor declines, while tobacco and transportation remained flat compared to the previous month.

Saudi Arabia’s inflation rate remains moderate by global and regional standards. A combination of government subsidies, regulated utility prices, and the riyal’s fixed exchange rate to the US dollar are key stabilizing forces.

Additionally, the country’s subsidy framework, particularly in energy and essential food items, continues to shield consumers from global price shocks.

 

While the Kingdom’s inflation rate is in line with that seen in Kuwait — which reported a figure of approximately 2.2 percent as of May — other countries have seen a marked difference.

Qatar’s inflation remained significantly lower at just 0.5 percent year-on-year in April, and Bahrain experienced deflation, with consumer prices falling by about 1 percent annually in May.

Oman also recorded one of the lowest rates in the bloc, holding under 1 percent for much of 2025. The shared currency pegs and regional subsidy models have collectively contributed to a subdued inflationary landscape across the Gulf.

Oranges and lemons up

Saudi Arabia’s Wholesale Price Index saw an annual rise of 2.1 percent in June, driven mainly by 4.5 percent increase in transportable goods except metal products, machinery and equipment.

The price of agriculture and fishery product also increased by 4.4 percent annually according to the General Authority of Statistics.

Prices for metal products, machinery, and equipment declined by 0.3 percent due to a fall in electronics and industrial machinery costs. On a monthly basis, however, wholesale prices edged down 0.1 percent compared to May, suggesting some easing of cost pressures at the producer level.

GASTAT’s accompanying report on the Average Prices of Goods and Services offered a closer look at individual items affecting consumers directly.

The price of medium African lemons surged by 12.6 percent in June compared to the previous month, marking one of the sharpest increases among fresh produce. Abu Sorra Egyptian oranges and Pakistani mandarins also saw notable jumps.

Conversely, local onions became significantly cheaper, falling 16.7 percent month-on-month, while okra and imported onions dropped by 13.4 percent and 10.3 percent, respectively.

These fluctuations underscore the seasonal and supply-driven nature of food price changes in the Kingdom.

With inflation remaining broadly contained and economic diversification efforts continuing under Vision 2030, Saudi Arabia is maintaining a stable macroeconomic environment.

While rents and discretionary spending categories such as jewelry and education continue to rise, broader price stability across essential goods and services reflects the resilience of the Kingdom’s economic framework amid global uncertainty.


Riyadh to host global falcon auction in August 

Riyadh to host global falcon auction in August 
Updated 42 min 41 sec ago
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Riyadh to host global falcon auction in August 

Riyadh to host global falcon auction in August 

RIYADH: The Saudi Falcons Club has announced that preparations are underway for this year’s International Falcon Breeders Auction from Aug. 5 to 25 at the club’s headquarters in Malham, north of Riyadh. 

The auction has become a key event for falconers worldwide, attracting sellers and buyers of elite local and international breeding stock, the Saudi Press Agency reported. 

Last year’s auction featured 56 production farms — 13 from Saudi Arabia and 43 international — with 866 falcons sold to buyers from 19 countries.

Total sales topped SR10.6 million ($2.8 million), and more than 18,000 visits were recorded during the three-week event, the SPA added. 

The 2024 auction included the highest-priced locally bred falcon, sold for SR210,000 by Al-Aradi Production and Protection Center, and the most expensive international falcon, sold for SR400,000 by Pacific Northwest Falcons, US.

Recognized as one of the world’s largest specialized falcon auctions, the Malham event has created investment opportunities in the sector, according to the SPA.

The auction has also helped local farms adopt international best practices and contributed to Saudi Arabia’s emergence as a global falconry hub.