Marawi, Philippines: Philippine authorities on Tuesday warned Islamist militants occupying parts of a southern city to surrender or die, as attack helicopters pounded the gunmen’s strongholds where up to 2,000 residents were feared trapped.
More than 100 people have been confirmed killed in the conflict, which began last week when gunmen waving black flags of the Islamic State (IS) group rampaged through the mostly Muslim-populated city of Marawi.
President Rodrigo Duterte declared martial law across the entire southern region of Mindanao, home to roughly 20 million people, in response to the crisis as he warned that local militant groups were uniting behind IS and becoming a major security threat.
But the militants, initially estimated by the nation’s defense chief to number just 100, have withstood eight days of intense air assaults and street-to-street combat, prompting the government’s threats on Tuesday.
“We call on the remaining terrorists to surrender while there is an opportunity,” military spokesman Brig.-General Restituto Padilla said in a statement.
“For the terrorists, not surrendering will mean their sure death.”
Padilla also told AFP the surrender call warning was aimed at limiting the loss of more lives and property.
Up to 2,000 residents were trapped in areas held by the militants, according to the local government, and the International Committee of the Red Cross had voiced alarm they would be caught in the bombing raids or crossfire.
The militants also took a priest and up to 14 other people hostage at the start of the crisis, and their fate remains unknown.
The militants released a video in which they threatened to kill the hostages, according to a report by the SITE Intelligence Group on Monday that could not be verified.
And clashes on Tuesday appeared to be as intense as previous days, according to an AFP reporter who followed security forces who had to run from militants’ sniper fire coming from nearby buildings.
Military helicopters fired rockets repeatedly on that part of the city on Tuesday morning, and black smoke rose from the buildings that were apparently hit.
The gunmen were being backed by foreign fighters, including Malaysians, Indonesians and Singaporeans, authorities said.
The militants had killed at least 19 civilians, while 20 security forces and 65 gunmen had died, according to the military.
The death toll looked likely to climb, with soldiers reporting the smell of corpses in a public market still being held by the militants.
Martin Thalmann, deputy head of the ICRC’s Philippine delegation who is in Marawi, also told AFP on Monday his staff had received reports from people trapped inside the militants’ areas that residents had died from stray bullets and sickness.
The violence began when dozens of gunmen went on a rampage in response to an attempt by security forces to arrest Isnilon Hapilon, a veteran Filipino militant regarded as the local leader of IS.
Hapilon, a senior member of the Abu Sayyaf kidnap-for-ransom gang, is on the US government’s list of most-wanted terrorists.
He was being protected in Marawi by the local Maute group, which has pledged allegiance to IS.
Hapilon, the Maute and other militants had been planning a major attack on Marawi, one of the few Islamic cities in the mainly Catholic Philippines with a population of 200,000 people, armed forces chief General Eduardo Ano said.
He said they were planning to launch the assault to coincide with the Muslim holy month of Ramadan, which began on the weekend, but the raid on Hapilon triggered them to attack earlier, according to Ano.
Muslim separatist rebellion in the southern Philippines has claimed more than 120,000 lives since the 1970s.
The main Muslim rebel groups have signed accords with the government aimed at forging a final peace, giving up their separatist ambitions in return for autonomy.
The Maute, the Abu Sayyaf and other hard-line groups are not interested in negotiating and have in recent years looked to IS to help them.
The Marawi violence was intended to highlight their credentials to IS, security analysts have said.
Duterte said Saturday he was prepared to enforce martial law for as long as was necessary to end the terrorist threat.
Philippines warns Islamist militants to surrender or die
Philippines warns Islamist militants to surrender or die
Public gatherings banned in Islamabad for two months ahead of opposition protest
- District magistrates bans gathering of more than five people for next two months
- Ban comes as Pakistan Tehreek-e-Insaf is planning protest in Islamabad on Nov. 24
ISLAMABAD: A two-month ban on public gatherings has been imposed in Pakistan’s federal capital, Islamabad, a notification from the district magistrate said on Monday, days ahead of a planned protest march by the party of jailed former Prime Minister Imran Khan.
The Pakistan Tehreek-e-Insaf party (PTI) announced last week it would lead a ‘long march’ to the capital on Nov. 24 over alleged rigging in Feb. 8 general elections and to call for the release of political prisoners, including Khan, and in support of the independence of the judiciary.
The party’s recent rallies and marches have been thwarted by similar bans on public gatherings imposed under Section 144 of the Pakistan Penal Code which allows the government to prohibit various forms of political assembly, gatherings, sit-ins, rallies, demonstrations, and other activities for a specified period.
In a notification dated Nov. 18, the district magistrate, without naming the PTI, said processions being planned in the capital “can disrupt public place and tranquility and keeping in view the current law & order and security environment, it is necessary to control such types of illegal activities which present a threat to public peace, tranquility and maintenance of law & order.”
He added that the demonstrations would cause “public annoyance or injury, endanger human life and safety, pose a threat to public property, and may lead to a riot or an affray including sectarian riot within the revenue/territorial limits of district Islamabad.”
In light of this, all gatherings of more than five people are banned in the capital, the notification said:
“This order shall come into force with immediate effect and shall remain in force for a period of TWO MONTHS.”
Khan has been in jail since August 2023 and has faced dozens of cases since he was removed as prime minister in 2022 after which he launched a protest movement against a coalition of his rivals led by current Prime Minister Shehbaz Sharif and backed by the all-powerful military, which denies interfering in politics.
Khan says cases against him, which disqualified him from contesting the February elections, are politically motivated. His party has held several protest rallies in recent months to build public pressure for its leader’s release.
With regards to the latest protest, the PTI’s first demand is a rollback of recent constitutional amendments like the 26th amendment that the PTI says is an attempt to curtail the independence of the senior judiciary. It is also calling for the release of party leaders and supporters and a return of what it describes as a “stolen mandate” after Feb. 8 general elections.
Pakistan’s government denies being unfair in its treatment of Khan and his party and the election commission rejects allegations the elections were rigged. The government also says recent amendments related to the judiciary are meant to smooth out its functioning and tackle a backlog of cases.
Alfanar Projects, SEC sign $5.33bn deals to support Saudi energy modernization
RIYADH: Energy deals worth SR20 billion ($5.33 billion) have been signed between Alfanar Projects and Saudi Electricity Co. to advance the Kingdom’s power modernization and sustainability efforts.
The agreements, announced during the Energy Localization Forum hosted by the Ministry of Energy, include the construction of the Middle East’s largest High-Voltage Direct Current Converter Station, according to a press release.
This facility, developed in partnership with China Electric Power Equipment and Technology Co., will deliver 7 gigawatts of power between the Central, Western, and Southern regions.
The deals also include projects for battery storage systems, smart distribution centers, and renewable energy integration, aimed at improving grid reliability and supporting Saudi Arabia’s Vision 2030 goals of energy self-sufficiency and sustainability.
Saudi Arabia aims to get 50 percent of its power from renewable energy by 2030, with a total capacity of 130 GW. This includes 58.7 GW from solar and 40 GW from wind, making it the most ambitious renewable energy target in the Gulf Cooperation Council.
Amer Al-Ajmi, executive vice president of sales and marketing at Alfanar Projects, said: “The confidence placed in us by the Ministry of Energy, through its representative, Saudi Electricity Co., affirms our commitment to deliver and execute transformative projects of this scale.”
He added: “At Alfanar Projects, we combine our robust resources, technical expertise, and a highly skilled national workforce to create a sustainable energy infrastructure that supports the Kingdom’s self-sufficiency goals and strengthens its role as a leader in renewable energy.”
The signing ceremony was attended by Saudi Energy Minister Prince Abdulaziz bin Salman, Minister of State Hamad bin Mohammed Al-Sheikh, and Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef.
Other key representatives included Khaled Al-Ghamdi, CEO of Saudi Electricity Co., and Sabah Al-Mutlaq, vice chairman of Alfanar Co. and managing director of Alfanar Projects, who represented both organizations.
Alfanar Projects is a Saudi-based company developing sustainable energy projects that support economic growth and environmental goals in the Kingdom and beyond.
Earlier this month, Saudi Electricity Co. reported a net profit of SR5.6 billion for the first nine months of 2024, up from SR 4.6 billion last year. The company’s power generation capacity grew by 1.4 percent, with its directly owned capacity rising to 56.9 GW.
Closing Bell: Saudi benchmark index edges up to close at 11,830
RIYADH: Saudi Arabia’s Tadawul All Share Index rose by 0.16 percent or 18.40 points to reach 11,830.38 points on Monday.
The total trading turnover of the benchmark index was SR5.4 billion ($1.46 billion), as 78 of the listed stocks advanced, while 151 retreated.
The MSCI Tadawul Index increased by 1.22 points, or 0.08 percent, to close at 1,487.07.
The Kingdom’s parallel market Nomu also increased, gaining 119 points, or 0.40 percent, to close at 29,596.35 points. This comes as 44 of the listed stocks advanced while as many as 34 retreated.
The index’s top performer, the National Co. for Glass Industries, saw a 9.11 percent increase in its share price to close at SR53.90.
Other top performers included Arriyadh Development Co., which saw a 5.76 percent increase to reach SR27.55, while Almasane Alkobra Mining Co.’s share price rose by 4.41 percent to SR68.70.
The Power and Water Utility Co. for Jubail and Yanbu also recorded a positive trajectory, with share prices rising 3.26 percent to reach SR57. CATRION Catering Holding Co. also witnessed positive gains, with 3.20 percent reaching SR129.
East Pipes Integrated Co. for Industry was TASI’s worst performer, with the company’s share price dropping by 3.78 percent to SR137.40.
Arabian Pipes Co. followed with a 3.68 percent drop to SR109.80. Alkhorayef Water and Power Technologies Co. also saw a notable drop of 3.31 percent to settle at SR140.
Elm Co. and MBC Group Co. were among the top five poorest performers, with Elm Co.’s share declining by 3.24 percent to settle at SR1.127.60 and MBC Group’s falling by 3.18 percent to sit at SR44.15.
On Nomu, Shalfa Facilities Management Co. was the best performer, with its share price rising by 14.03 percent to reach SR95.90.
Sure Global Tech Co. and Mohammed Hasan AlNaqool Sons Co. also delivered strong performances. Sure Global Tech Co. saw its share price rise by 13.24 percent, reaching SR83.80, while Mohammed Hasan AlNaqool Sons Co. recorded a 12.20 percent increase, standing at SR43.70.
Osool and Bakheet Investment Co. also fared well with 9.81, and Banan Real Estate Co. increased 7.73 percent.
Alqemam for Computer Systems Co. shed the most in Nomu, with its share price dropping by 12 percent to reach SR88.
Natural Gas Distribution Co. experienced a 5.87 percent decline in share prices, closing at SR54.50, while Horizon Educational Co. dropped 5.66 percent to settle at SR75.
Raoom Trading Co. and Lana Medical Co. were also among the top decliners, with Raoom Trading Co. falling 5.26 and Lana Medical Co. declining 4.89 percent.
G20 leaders gather for deadlocked talks on climate, Middle East, Ukraine wars
- Wars which have bitterly divided G20 members are set to feature prominently in discussions in Brazil
- Biden will attend his last summit of world’s leading economies with China’s XI as the most influential leader
Rio de Janeiro: G20 leaders began arriving for a summit in Brazil on Monday to try reignite deadlocked climate talks and overcome their differences on the Middle East and Ukraine wars ahead of Donald Trump’s return to the White House.
US President Joe Biden will attend his last summit of the world’s leading economies, but as a lame duck leader eclipsed by Chinese President Xi Jinping, the most influential leader at this year’s meeting.
Brazil’s left-wing President Luiz Inacio Lula da Silva is using his hosting duties to promote issues close to his heart, including fighting hunger and climate change and taxing the super-rich.
But the wars which have bitterly divided G20 members are also set to feature prominently in the discussions.
A Brazilian foreign ministry source said Monday that some countries wanted to renegotiate a draft summit communique.
“For Brazil and other countries the text is already finalized, but some countries want to open up some points on wars and climate,” he told AFP.
Biden’s decision Sunday to allow Ukraine to use long-range US missiles to strike targets inside Russia — a major policy shift — could prompt European allies to also review their stance.
G20 leaders are also under pressure to try rescue UN climate talks in Azerbaijan, which have stalled on the issue of greater climate finance for developing countries.
UN Secretary-General Antonio Guterres has called for G20 members, who account for 80 percent of global emissions, to show “leadership” to facilitate a deal.
Security is tight for the gathering, which comes days after a failed bomb attack on Brazil’s Supreme Court in Brasilia by a suspected far-right extremist, who killed himself in the process.
The get-together will cap a farewell diplomatic tour by Biden which took him to Lima for a meeting of Asia-Pacific trading partners, and then to the Amazon in the first such visit for a sitting US president.
Biden, who has looked to burnish his legacy as time runs down on his presidency, insisted in the Amazon that his climate record would survive another Trump mandate.
All eyes at the stalled COP29 climate conference in Azerbaijan are on Rio to break an impasse over how to raise $1 trillion a year for developing countries to cope with global warming.
Rich countries want fast-developing economies like China and Gulf states to also put their hands in their pockets.
The meeting comes in a year marked by another grim litany of extreme weather events, including Brazil’s worst wildfire season in over a decade, fueled by a record drought blamed at least partly on climate change.
At the last G20 in India, leaders called for a tripling of renewable energy sources by the end of the decade, but without explicitly calling for an end to the use of fossil fuels.
Conspicuously absent from the summit is Russian President Vladimir Putin, whose arrest is sought by the International Criminal Court over the Ukraine war.
Lula, 79, told Brazil’s GloboNews channel on Sunday that he did not want the wars in Ukraine and the Middle East to take the focus off global poverty.
“Because if not, we will not discuss other things which are more important for people that are not at war, who are poor people and invisible to the world,” he said.
The summit opens on Monday with Lula, a former steelworker who grew up in poverty, launching a “Global Alliance against Hunger and Poverty.”
Brazil is also pushing for higher taxes on billionaires.
Lula had faced resistance to parts of his agenda from Argentinian President Javier Milei, a libertarian Trump uber-fan who met the Republican last week at his Mar-a-Lago resort.
The head of the Argentine delegation, Federico Pinedo, told AFP that Buenos Aires has raised some objections and would not “necessarily” sign the text, however. He did not elaborate.
But the Brazilian foreign ministry source on Monday downplayed the likelihood of Argentina blocking a consensus.
Pakistan Stock Exchange may gain at least 27% by end of 2025 — Bloomberg
- Benchmark KSE-100 Index forecast to increase to 127,000 points by Dec. 2025, a 34% rise, from 94,704 points it closed on Friday
- Key index advanced as much as 0.6% on Monday, taking gains to more than 50% this year, the second best performer globally
ISLAMABAD: Pakistan’s stocks are expected to advance by more than a quarter by the end of next year as the nation’s economy shows improvement under a loan program with the International Monetary Fund and the currency stabilizes, Bloomberg reported on Monday, quoting two brokerage houses.
The benchmark KSE-100 Index is forecast to increase to 127,000 points by December 2025, or a 34% rise, from the 94,704 points it closed last Friday, according to Topline Securities Ltd. in a report announced on Nov. 16. Arif Habib Ltd. targets the index to reach 120,000 points, a gain of 27%.
“The stage is set for a potential market re-rating with declining interest rates, a stable rupee, and improving macroeconomic indicators,” Karachi-based brokerage Arif Habib commented in a report.
Pakistan’s economy has stabilized with inflation easing from record levels that has allowed the central bank to cut the interest rate for four straight meetings to 15 percent, the lowest in two years.
The key index advanced as much as 0.6% on Monday, taking its gains to more than 50% this year, the second best performer globally, according to data compiled by Bloomberg.
The equity market will be offering a 37% return including 10% dividend yield by the end of 2025 because of economic stability and falling bond yields, Karachi-based Topline said in a separate report.
Pakistan is also increasingly attracting the attention of foreign investors, particularly in its debt and equity markets, said Arif Habib.
