Bomb attack kills one Bahraini policeman, wounds eight

Police and crime scene officials are seen near the scene where a blast killed one and seriously injured two police officers in the village of Diraz west of Manama, Bahrain on June 19, 2017. (File photo by Reuters)
Updated 28 October 2017
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Bomb attack kills one Bahraini policeman, wounds eight

DUBAI: Militants attacked a Bahraini police bus near the Jidhafs area outside the capital Manama, killing one policeman and wounding eight others, the interior ministry said on Friday.
The attack targeted the bus on the Khalifa bin Salman highway, the ministry said, adding that the militant group used a handmade bomb.
“Investigations are underway to determine the circumstances of this premeditated terrorist attack and arrest the group involved,” the ministry said in a statement on its website.
The incident was the latest in a series of attacks targeting policemen in the country where the US Fifth Fleet is based.
The government blames the attacks on Shiite militants it says are backed by Iran to destabilize the country, a charge Tehran denies.
This month, a blast wounded five policemen on Budaiya road, near Manama, while they were guarding a procession by Shiite Muslims marking the annual Ashura festival, which commemorates the death of Prophet Muhammad’s grandson Imam Hussein some 1400 years ago.


Pakistan’s national security directly linked to its economic security— PM Sharif 

Updated 3 min 40 sec ago
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Pakistan’s national security directly linked to its economic security— PM Sharif 

  • Shehbaz Sharif cautions against growing militancy in Pakistan at National Security Workshop 
  • Reaffirms resolve to form political consensus on key economic reforms among stakeholders

ISLAMABAD: Pakistan’s national security is directly linked to its economic security, Prime Minister Shehbaz Sharif said on Thursday, stressing the need for united efforts to ensure the country prospers as it grapples with surging militancy and economic challenges. 

Pakistan has suffered from a macroeconomic crisis that has seen its foreign exchange reserves fall to historic lows and its currency weaken significantly over the past two years. The South Asian country narrowly avoided a sovereign default last year after it clinched a last-gasp $3 billion loan from the International Monetary Fund (IMF). 

Islamabad’s economic crisis has compounded its problems as it deals with a surge in militancy in its western provinces bordering Afghanistan. The country has been struggling to contain attacks in Balochistan and Khyber Pakhtunkhwa provinces from separatist and religiously motivated banned groups. 

“I am very convinced that our national security has direct linkage with economic security, and both go hand-in-hand,” Sharif said.

Sharif said Pakistan had suffered economic losses of $130 billion due to the so-called War on Terror, adding that the country only received “a fraction of these losses” from allies. The rest Islamabad had to bear from its coffers, he said. 

“This monster has come back and is showing its ugly face again,” the prime minister said. “And as I speak, on a daily basis, there is a sad incident in the south of Khyber Pakhtunkhwa and in Balochistan, anti-Pakistan nefarious elements are driving this nefarious scheme over there through active support of Pakistan’s enemies.”

Sharif reiterated his desire to introduce a “Charter of Economy,” calling for political consensus on key economic reforms. 

“Today, as prime minister, I once again reaffirm my resolve for the Charter of Economy,” he said. 

In response to a question, Sharif said he agreed the government should not be in business. Rather, he said it should facilitate it. 

“I believe Pakistan’s governments, whether it be in the center or provinces, it is not our business to do business,” the premier said. 

“We should completely end this and hand it over to the private sector in transparent manner.”
 


Saudi women’s U20 national team ready for West Asian Football Federation Championship in Jordan

Updated 3 min 45 sec ago
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Saudi women’s U20 national team ready for West Asian Football Federation Championship in Jordan

  • Team led by head coach Pauline Hamill will face Palestine, Jordan, Lebanon and Syria
  • Event is part of team’s preparation for the 2026 AFC U20 Women’s Asian Cup qualifiers

RIYADH: The Saudi Arabian under-20 women’s national team makes its competitive tournament debut against Palestine on Thursday night at the West Asian Football Federation U20 Women’s Championship in Jordan.

The championship will feature women’s national U20 sides from Palestine, Jordan, Lebanon and Syria. Head coach Pauline Hamill’s side will play their opening match in Aqaba, before facing the remaining sides to determine the winners of the tournament.

After a camp in Jeddah in October, the upcoming tournament concludes the U20 side’s first year since the formation of the team as part of the Women’s National Team program in December 2023.

As the first competitive tournament appearance for Hamill’s squad, the U20 WAFF Women’s Championship will provide a platform to prepare for the upcoming qualification matches for the AFC U20 Women’s Asian Cup in 2026.

Aalia Al Rasheed, head of women’s football at the Saudi Arabian Football Federation, said: “We believe in the abilities of our players, and this tournament is an opportunity to build competitive experience for the players and develop their football capabilities.

“It’s incredible to look at the growth of this team since the formation of the squad in December 2023, we look forward to seeing our under-20 side performing in their tournament debut and representing our nation with honor in a fitting conclusion to their first year.”

The latest tournament for the Saudi Women’s National Team programme highlights the rapid growth of women’s football in the Kingdom since the official introduction of the national team in 2021 and the first professional football league in 2022, with more than 70,000 girls also participating in the national schools’ league.


Closing Bell: Saudi main index rises to close at 11,641 

Updated 25 min 41 sec ago
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Closing Bell: Saudi main index rises to close at 11,641 

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 50.52 points, or 0.44 percent, closing at 11,641.31 on Thursday. 

The total trading turnover of the benchmark index was SR6.02 billion ($1.60 billion), with 134 stocks advancing and 85 retreating.  

Similarly, the Kingdom’s parallel market Nomu rose 229.98 points, or 0.76 percent, to close at 30,394.70. Of the listed stocks, 44 advanced while 38 retreated. 

The MSCI Tadawul Index increased by 8.37 points, or 0.58 percent, to close at 1,460.35.  

The best-performing stock of the day was Tamkeen Human Resource Co., whose share price surged 18.00 percent to SR76.70. 

Other top performers included Zamil Industrial Investment Co., whose share price rose 8.70 percent to SR29.35, and Dr. Soliman Abdel Kader Fakeeh Hospital Co., whose stock price increased 5.66 percent to SR63.50.  

Saudi Cable Co. recorded the biggest drop, falling 6.93 percent to SR84.60. 

Saudi Enaya Cooperative Insurance Co. also saw its share price fall 4.25 percent to SR13.08. 

Meanwhile, Saudi Automotive Services Co. saw its stock price drop 4.23 percent to SR68.00. 

On the announcements front, Saudi Telecom Co. revealed that it had received foreign investment authorization from the Spanish Council of Ministers, allowing it to increase its voting rights from 4.97 percent to 9.97 percent and gain the right to appoint a board member at Telefonica. 

According to a Tadawul statement, the change in stc ownership from 9.9 percent in the previous announcement to 9.97 percent reflects Telefonica’s cancellation of shares in April. stc is currently completing the necessary steps to finalize the increase in its voting rights, which is expected to be completed in the coming period. 

stc ended the session at SR39.95, with no change in its share price.  

Nofoth Food Products Co. announced the acquisition of a mixed-use commercial and residential land in Riyadh’s Hittin neighborhood for SR22 million, covering 1,580.37 sq. meters. This acquisition is part of the company’s strategic plan to expand operations with new commercial offices and develop its headquarters. 

According to a bourse filing, the deal will be financed through the company’s internal resources. The land acquisition will increase the firm’s fixed assets and positively impact financial ratios such as return on assets.  

Nofoth Food Products Co. ended the session at SR18.00, down 1.69 percent.  


Germany offers re-deployment of Patriot air defense units to Poland

Updated 24 min 55 sec ago
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Germany offers re-deployment of Patriot air defense units to Poland

  • The units could be deployed for up to six months, the ministry said
  • From January to November 2022, Germany had already deployed 300 troops

BERLIN: Germany has offered to re-deploy Patriot air defense systems to NATO ally Poland at the start of the new year, the German defense ministry said on Thursday.
The units could be deployed for up to six months, the ministry said in a statement.
“With this we will protect a logistical hub in Poland which is of central importance for the delivery of materials to Ukraine,” German Defense Minister Boris Pistorius said.
From January to November 2022, Germany had already deployed 300 troops together with three Patriot units to Poland.
They were based in the town Zamosc, about 50 km (31 miles) from the Ukrainian border, to protect the southern town and its crucial railway link to Ukraine.
The deployment was triggered by a stray Ukrainian missile that struck the Polish village of Przewodow in November 2022, in an incident that raised fears of the war in Ukraine spilling over the border.


Putin says Russia would use all weapons at its disposal against Ukraine if Kyiv gets nuclear weapons

Updated 30 min 39 sec ago
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Putin says Russia would use all weapons at its disposal against Ukraine if Kyiv gets nuclear weapons

  • Putin said it was practically impossible for Ukraine to produce a nuclear weapon

ASTANA: President Vladimir Putin said on Thursday that Russia would head off any attempt by Ukraine to acquire nuclear weapons and would use all weapons at its disposal against Ukraine if such a scenario unfolded.
The New York Times reported last week that some unidentified Western officials had suggested US President Joe Biden could give Ukraine nuclear weapons before he leaves office.
Putin, speaking in Astana, Kazakhstan, said it was practically impossible for Ukraine to produce a nuclear weapon, but that it might be able to make some kind of “dirty bomb.”