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Trump upbeat on peace plan despite Palestinian rejection

President Donald Trump said on Monday that while the Palestinians have already rejected his proposed Mideast peace deal, he expects they ultimately will agree to the blueprint the White House plans to announce following meetings with Israeli Prime Minister Benjamin Netanyahu and his chief challenger Benny Gantz.
The meetings come just a month before Netanyahu and Gantz are set to face off in national elections for the third time in less than a year and amid skepticism over whether the plan has any chance for success. Palestinians haven’t been consulted about it and have preemptively rejected any proposal from a White House it considers biased toward Israel.
But Trump said he expects that while the Palestinians will say no to the plan he’s expected to publicly release on Tuesday, they will quietly be negotiating.
“It’s something they should want,” Trump said in the Oval Office with Netanyahu. “They probably won’t want it initially. I think in the end they will. I think in the end they’re going to want it. It’s very good for them.”
Trump called the proposal a great “opportunity” but wouldn’t discuss further details, noting that its release has long been delayed because of the uncertain political situation in Israel. He refused to answer questions over whether it would include Israeli annexation of parts of the West Bank.
“We’re going to show a plan. It’s been worked on by everybody and we’ll see whether or not it catches hold. If it does that would be great and if it doesn’t, we can live with it too. But I think it might have a chance,” he said.
The proposal is expected to be very favorable to Israel, and Netanyahu has hailed it as a chance to “make history” and define Israel’s final borders.
In the run-up to the March 2 vote, Netanyahu has called for annexing parts of the West Bank and imposing Israeli sovereignty on all its settlements there. Israel captured the West Bank in the 1967 Mideast war, and the Jordan Valley, in particular, is considered a vital security asset.
Reports in Israeli media have speculated Trump’s plan could include the possible annexation of large pieces of territory that the Palestinians seek for a future independent state. American approval could give Netanyahu the type of cover to go ahead with a move that he’s resisted taking for more than a decade in power.
Annexing Israel’s settlements in the occupied West Bank would appeal to Netanyahu’s hard-line nationalist supporters but would almost certainly torpedo the viability of an independent Palestinian state and likely infuriate neighboring Jordan. In 1994, Israel and Jordan signed a peace treaty, the second between Israel and its Arab neighbors after Egypt.
Netanyahu, with an eye to his base, invited several settler leaders to join him in Washington for the rollout of the plan.
Palestinian Prime Minister Mohammad Shtayyeh denounced the still-unpublished proposal again on Monday in Ramallah, saying it “doesn’t constitute a basis for resolving the conflict.” He said the plan violates international law and “comes from a party that has lost its credibility to be an honest broker in a serious and genuine political process.”
A Palestinian official said that President Mahmoud Abbas has rejected overtures from mediators in recent weeks to arrange a phone call with Trump. The official spoke on the condition of anonymity because he was discussing a classified diplomatic issue. Abbas’ spokesman also called on ambassadors of Arab countries who have been invited to the White House Tuesday to boycott the event.
The Trump administration took several steps in recent years that angered the Palestinians. Those included recognizing the contested city of Jerusalem as Israel’s capital and moving the US Embassy there, closing Palestinian diplomatic offices in Washington and cutting funding to Palestinian aid programs.
source: The Associated Press
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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