FHB Bank to take over Allianz Hungary banking ops

June 17 (Reuters) – Hungarian mortgage lender FHB Bank FHBK.BU will take over the banking operations of German insurer Allianz (ALVG.DE) in Hungary as part of a long-term cooperation agreement, FHB said in a release on Thursday. “FHB Mortgage Bank Plc. would take over 100 percent of the shares of Allianz Bank Ltd. from Allianz Hungaria Insurance Co. Ltd. in a share exchange deal,” the bank said in a statement posted on the Internet site of the Budapest Stock Exchange. FHB said the companies signed a letter of intent on Wednesday about a 20-year strategic cooperation in which they would sell each other’s products. The deal will swell FHB’s retail network to more than 70 branches.

(Reporting by Marton Dunai; Editing by Michael Shields))

Israel to up pressure on Hamas after prisoner negotiation collapse

Tel Aviv – Israel plans to increase its pressure on Hamas after indirect negotiations broke down on a prisoners exchange with the radical Islamist movement ruling Gaza, Israeli media reported Wednesday.

Outgoing Premier Ehud Olmert has formed a ministerial committee which will look into how Israel can legally worsen the conditions in which Hamas prisoners are being held.

Israel will also discuss again reducing the volume of goods allowed through its border crossings with Gaza to the bear minimum needed to avoid a humanitarian crisis. Israel had allowed in larger amounts of humanitarian aid during and since its 22-day offensive in Gaza, launched December 27 in a bid to curb rocket attacks from the strip.

Among others, the committee will examine whether it is legal to strip Hamas militants jailed in Israel of certain rights and privileges, including visits by family members and Red Cross representatives. They also receive newspapers in Hebrew and Arabic, as well as television sets, radios and kettles in their cells.

As part of the pressure, Ofer Dekel, Olmert’s envoy charged with leading the indirect negotiations in a prisoners exchange with Hamas, plans to distribute in the prisons a list of which prisoners Israel was prepared to release in exchange for Israeli Corporal Gilad Shalit, held captive in Gaza since June 2006. Israel will place responsibility on Hamas for their continued incarceration.

Olmert had hoped to secure a prisoners exchange deal with Hamas during his final days in office, before prime minister-designate Benjamin Netanyahu forms a new government following February 10 elections.

But he announced on Tuesday that the negotiations had broken down, saying he had “red lines” which he would not cross.

Olmert’s office late Tuesday released a partial list of those prisoners whom he had agreed to free and those whom he had refused to let go.

Hamas had demanded more than 1,000 prisoners in exchange for Shalit, including 450 names determined by it. Of those 450 names, Israel had agreed to free some 320. But the remainder, Israel says, are hardcore militants whom Olmert said he will not release.

The list of names of detainees Olmert would not release includes Abas Sayad, 43, a Hamas militant from the northern West Bank city of Tulkarm. Sayad has admitted on camera from his Israeli prison that he was involved in the March 2002 suicide bombing on the eve of the Jewish Passover in a Netanya hotel, north of Tel Aviv, calling it “successful.”

One of the deadliest bombings in Israel, it killed 30 people who had sat down for the Passover meal. Sayad was sentenced to 37 life sentences, one for each death in the suicide bombings he helped orchestrate. So far, he has served seven.

Other Hamas militants involved in major suicide attacks and serving multiple life sentences are also on the list. (dpa)

Pak Taliban demand release of their men in exchange for Polish engineer’s body

Peshawar, Mar. 7 (ANI): Pakistan’s Darra Adamkhel based Taliban has refused to give the body of the slain Polish engineer, Petr Stanczak, and demanded the release of some Talibani militants in exchange for his body.

The Karak Maulana Shah Abdul Aziz led jirga has been seeking return of the Polish engineer’s body, but its efforts have proved to be futile till now.

The News quoted Aziz, as saying that he was planning to take a jirga to the tribal area to contact the commanders of Taliban from Darra Adamkhel to request them to return Stanczak’s body.

Aziz now plans to undertake a trip to Orakzai Agency to seek a meeting with the Darra Taliban commanders.

Last year, the Taliban had kidnapped the Polish engineer from Attock District and demanded release of their men in an exchange deal.

They had also demanded the withdrawal of Polish troops from Afghanistan.

Later, they announced that Stanczak had been killed as a consequence of the Pakistan government not paying heed to their demand.

The assassination of the Polish engineer established the reputation of the Taliban from Darra Adamkhel as the most intolerant and radical group of militants in Pakistan. (ANI)