Tel Aviv Current Affairs - 2019

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14th Organisation of Islamic Cooperation (OIC) summit held in Mecca

The 14th summit of the Organisation of Islamic Cooperation (OIC) held in Mecca, Saudi Arabia was hosted by Saudi King Salman bin Abdul Aziz Al Saud.

Key Highlights of Summit

  • Agenda: The official agenda of meeting was to address ‘current issues in Muslim world’ and ‘recent developments in a number of OIC member states. Also, amid soaring tension between Iran and the US and its Gulf allies the OIC summit discussed the regional security issues. The Mecca summit supported Palestinians and backed Saudis in Iran standoff.
  • Background: In December 2017, The United States President Donald Trump broke the decades of established protocol by recognizing Jerusalem as Israel’s capital. In May 2018 US embassy was transferred from Tel Aviv to Jerusalem. The suit was soon followed by Guatemala.
  • Political leaders and heads of state from Islamic nations unanimously condemned countries including United Sates decision of making “illegal and irresponsible decision” to recognise Jerusalem as the capital of Israel.
  • In a joint statement at OIC summit in Saudi Arabia, the leaders called on countries  that have moved their embassies to Jerusalem (by recognizing it as Israel’s capital) to rethink their strategy and which OIC considered as a serious violation of international law and international legitimacy.

About Organisation of Islamic Cooperation (OIC)

  • It was established in 1969 by 24 member states and presently has 57 member states from four continents.
  • Members: Out of total 57 member states the organisation has several significant non-Arab member states, like Turkey, Iran and Pakistan. The 22 members of the Arab League are also part of OIC. It has five observer members, including Russia and Thailand.
  • With a collective population of more than 1.8 billion, it is the second largest intergovernmental body after the United Nations (UN).
  • Objective: As per OIC charter, it aims to preserve Islamic values, safeguard and defend national sovereignty and independence of its member states and also to contribute to international peace and security.
  • OIC states itself as ‘the collective voice of the Muslim world’ and works towards protecting interests of Muslim world.
  • Summit: OIC holds an Islamic Summit once every three years at which heads of state discuss ways to achieve OIC’s charter’s objectives and make policy decisions that concern its member states.
  • OIC has permanent delegations to the UN and the European Union (EU)
  • Its official languages are Arabic, English and French.

Worldwide Cost of Living Survey 2019 by Economist Intelligence Unit

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019.

Findings of the Survey

  • For the first time in its 30-year history, three cities have been accorded the title of the world’s most expensive city in the Worldwide Cost of Living Survey from The Economist Intelligence Unit.
  • Singapore which top’s of the rankings for the sixth consecutive year is joined there by Hong Kong and Paris.
  • Zurich in Switzerland stood at the fourth position followed by Japan’s Osaka which shared fifth place with Geneva, also in Switzerland.
  • Seoul (South Korea), Copenhagen (Denmark) and New York (US) were jointly placed at the seventh spot.
  • Los Angeles (US) along with Israel’s Tel Aviv was named the 10th most expensive city in the world.
  • The cost of living in Chinese cities remains relatively stable, while Southeast Asian destinations were moving up the ranks.
  • Weaker local currencies have pushed all five Australian and two New Zealand cities surveyed down in the ranking.
  • While parts of Asia remain the most expensive places on Earth, Asian Cities also makes several appearances at the bottom of the list.
  • World’s cheapest cities include Caracas (Venezuela), Damascus (Syria), Tashkent (Uzbekistan), Almaty (Kazakhstan), Karachi (Pakistan), Lagos (Nigeria), Buenos Aires (Argentina) as well as the three Indian cities of Bengaluru, Chennai and Delhi.

 

The Survey compares more than 400 individual prices across 160 products and services in cities around the world by keeping New York as the benchmark city.