Saudi Arabia and France sign economic MoUs worth over $18 billion
Saudi Arabia and France sign economic MoUs worth over $18 billion/node/1282161/business-economy
Saudi Arabia and France sign economic MoUs worth over $18 billion
(L-R) Panel moderator Eric Chaney of the Institut Montaigne, Saudi Arabia's Minister of Commerce and Investment Dr Majed Al-Qasabi, Saudi Arabia's Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, CEO of French oil giant Total Patrick Pouyanne and BNP Paribas Chairman Jean Lemierre attend the during the Saudi-France CEO Forum in Paris on April 10, 2018. (AFP)
Saudi Arabia and France sign economic MoUs worth over $18 billion
Updated 11 April 2018
Arab News
DUBAI: Twenty memorandum's of understanding (MoUs) in energy and transportation sectors worth over $18 billion were signed between France and Saudi Arabia on Monday, Saudi state-news channel Al-Ekhbariya reported.
The companies involved in the MoUs were Saudi Arabia’s SABIC and France’s Schneider Electric and Orange, as well as Saudi Arabia’s Nas Air and France’s Safran.
(Developing)
KARACHI: The third-generation Haider tank was in the spotlight on Tuesday as Pakistan’s premier defense exhibition, IDEAS, kicked off in Karachi, hosting 550 exhibitors, including 340 international defense companies, as well as 350 civilian and military officials from 55 countries.
IDEAS has been held biennially since 2000 and has since grown into a key event for the Pakistani defense sector.
This year’s exhibition, running from Nov. 19-22 at the Karachi Expo Center, is showcasing a wide range of modern and traditional defense equipment, weapons systems and vehicles.
“This tank is locally produced in Pakistan at the Heavy Industry Taxila in collaboration with our local and international technology partners,” Anza Aqeel, Assistant Director Heavy Industry Taxila, told Arab News, explaining that Haider had auto-tracking, a remote-control weapon system and a 470-kilometer cruising range.
“It has the capability of firing in both the day and night. It can fire up to eight rounds per minute due to its autoloading capability.”
Aqeel said the Haider tank was of export quality, with production currently underway.
“This tank has an auto tracker installed and both the gunner and commander can fire using the auto tracker,” he added.
The second day of the exhibition, Wednesday, will see the launch of the Shahpar-III drone, the third generation of the GIDS Shahpar unmanned aerial vehicle (UAV) built by Global Industrial Defense Solutions of Pakistan and used by the Pakistani military.
Speaking at the inauguration ceremony, Defense Minister Khawaja Muhammad Asif said Pakistan’s volume of defense exports was not yet aligned with its potential.
“Though Pakistan is now exporting some high-tech products to more than 60 countries, the volume of exports is not at par with its actual potential,” Asif said.
“A crucial factor, however, has been the limited involvement of the private sector in defense production and activity.”
“In order to achieve this objective, I will stress upon the integration of public and private defense industry to achieve maximum results,” Asif added. “New ideas, entrepreneurship and management skills mastered by the private sector need to be co-opted with the public sector defense industry.”
This year’s event also features a “Startups Pavilion” designed to offer international exposure to young Pakistani entrepreneurs and give them an opportunity to showcase new projects and technologies.
Pakistani police arrest man accused of insulting Qur’an, save him from being lynched by mob
Khan said man allegedly made derogatory remarks about Qur’an during heated argument with brother
Demonstrators threw stones at police station, threatened to burn it if the man was not handed over to them
Updated 20 min 35 sec ago
AP
PESHAWAR: Police arrested a man accused of insulting Islam’s holy book, the Qur’an, in northwestern Pakistan on Tuesday after being alerted that a mob wanted to lynch him, police said.
The man, identified as Humayun Ullah, was arrested in Khazana, an area on the outskirts of Peshawar, the capital of Khyber Pakhtunkhwa province, police officer Nasir Khan said.
He said the man was arrested as a mob was trying to grab him in a street.
Video posted on social media showed hundreds of people blocking a road near a police station and demanding the man be handed over to them. Gunshots were also heard near the police station, where the man was being held for questioning.
Police officers beat an angry protestor who with others blocked a road near a police station and demanding to handover them an arrested man, accused of insulting Qur’an in Peshawar, Pakistan, on November 19, 2024. (AP)
Khan said the man allegedly made derogatory remarks about the Qur’an during a heated argument with his brother at the family’s home. He said some of the demonstrators threw stones at the police station and threatened to burn it and harm officers if the man was not handed over to them.
Police officers fire tear gas shells to disperse angry protestors, who blocked a road near a police station and demanding to handover them an arrested man, accused of insulting Qur’an in Peshawar, Pakistan, on November 19, 2024. (AP)
Under Pakistan’s blasphemy laws, anyone found guilty of insulting Islam or Islamic religious figures can be sentenced to death — though authorities have yet to carry out a death sentences for blasphemy.
The arrest Tuesday came two months after the government said police had orchestrated the killing of a doctor who was in custody after being accused of blasphemy in southern Sindh province. The doctor had voluntarily surrendered following assurances from officers that he would be given a chance to prove his innocence.
In November 2021, a mob burned a police station and four police posts in northwestern Charsadda district after officers refused to hand over a mentally unstable man accused of desecrating the Qur’an.
Saudi Arabia’s World Cup hopes dented in Indonesia
Depressing outcome for Herve Renard
Updated 19 min 12 sec ago
John Duerden
JAKARTA: Saudi Arabia lost 2-0 in Indonesia on Tuesday to leave hopes of automatic qualification for the 2026 World Cup in serious doubt.
Just six points in six games in Group C and no goals in the last four matches makes for depressing reading for head coach Herve Renard.
A goal in each half from Marselino Ferdinan had 60,000-plus fans in Jakarta on their feet and it will not have gone unnoticed by Renard — in his second game back in charge — that this creative talent made a difference just as his, Salem Al-Dawsari, was missing through injury.
And he was missed. Without the 2022 Asian Player of the Year, Saudi Arabia may have had the majority of the ball, but they created little going forward and were hit multiple times by the rapid counters of Indonesia.
Renard said: “Indonesia deserved to win this game. We now have four games and it will be tough and it will be tough for everybody. I accept the challenge to take Saudi Arabia to the World Cup; it doesn’t matter which way but we have to go to the World Cup.”
In the opening exchanges there was a white wave and Saudi Arabia could count themselves lucky that they were not at least a goal down inside the first 10 minutes.
Indeed, the hosts hit the post in the opening minute as Marselino could not quite connect with a right-sided cross from Ivar Jenner and all watched as the ball came back off the woodwork.
Rafael Struick had another great chance in the ninth minute, running on to a Thom Haye ball over the top but with just the goalkeeper to beat, Ahmed Al-Kassar made the save.
The Green Falcons thought they had an advantage midway through the first half. Justin Hubner’s leaping challenge against Mohammed Al-Qahtani succeeded in getting the ball but also ended with his boot in the face of the young Al-Hilal star. When the referee went to the pitchside monitor, the home fans feared the worst but, in the end, a yellow card was shown.
If that was a little fortunate for Indonesia, the lead they took after 32 minutes was deserved.
Saudi Arabia, already aggrieved at a couple of decisions, felt that they should have been given a penalty and then watched in horror as the hosts broke forward. Ragnar Oratmangoen pulled the ball back for Marselino standing near the penalty spot and the Oxford United player took his time, twisted and turned and then curled home into the top corner.
The referee ignored the protests from the men in green and seconds after the restart, Struick was through on goal again but just could not quite get the final touch.
Just before the break Indonesia went close again with Calvin Verdonk volleying just wide from the left. Firas Al-Buraikan then had a rare sight of goal but his shot on the turn was blocked.
Renard would have been the happier of the two coaches to hear the half-time whistle, but both he and his opposite number Shin Tae-yong knew there was a long way to go.
Saudi Arabia started brightly after the break and put pressure on the hosts without creating real chances and it was another breakaway that led to Indonesia’s second.
Verdonk broke down the right and fed Marselino inside the area. His first attempt was blocked by Ali Al-Bulaihi but fell kindly for the Oxford star who then lifted the ball over Al-Kassar into the net.
As they had to, Saudi Arabia started to push forward more and more. Al-Bulaihi headed just over from close range and then the lively Abdullah Al-Hamdan nodded just wide with a fine attempt that had goalkeeper Maarten Paes scrambling across his line. Soon after, the same forward headed straight into the arms of the No. 1.
There were not many more chances to come, though Mohamed Kanno shot against the bar, and the game ended with a flurry of cards, including a second yellow for Hubner.
Saudi Arabia will argue that the defender should have seen red long before but, in truth, they were second best for too much of the match.
Now, the race for the second of the automatic places behind leaders Japan, way ahead on 16 points, could not be tighter with four teams on six and one of those sides, Australia, facing Bahrain later on Tuesday.
Saudi Arabia will be hoping for a favor and, with just one win in six, they need all the help they can get.
Event features broad participation from experts, officials, academics and professionals, focusing on the women’s business sector
Prince Saud bin Naif highlighted the Saudi leadership’s commitment to empowering women across various sectors
Updated 12 min 34 sec ago
Arab News
RIYADH: Eastern Province Gov. Prince Saud bin Naif inaugurated the Women’s Economic Forum in Dammam on Tuesday.
The event, organized by the Asharqia Chamber through its Women’s Empowerment Center, features broad participation from experts, officials, academics and professionals, focusing on the women’s business sector.
Prince Saud highlighted the Saudi leadership’s commitment to empowering women across various sectors, the Saudi Press Agency reported.
He emphasized the importance of economic programs designed to enhance women’s contributions to the national economy.
The chamber’s chairman, Badr Al-Rizaiza, briefed the governor on the forum’s objectives and the key initiatives supporting Saudi women’s empowerment.
The forum featured four sessions examining the evolving role of Saudi women under Vision 2030.
Topics included women’s contributions to achieving Vision 2030’s goals, opportunities in the entrepreneurship ecosystem, strategies for business sustainability, and the significance of training in preparing women for leadership roles.
On Wednesday, the forum will host four workshops focusing on key areas, including the Dhahran Techno Valley system and its support for entrepreneurship, as well as tourism entrepreneurship.
The workshops will also cover fostering workplace diversity and inclusiveness, and creative leadership as a cornerstone for success in today’s dynamic business environment.
Israeli settler group slams US sanctions over West Bank
A statement by the group said the sanctions “result from baseless slander directed at Amana by hostile and extremist elements“
“Had the US administration bothered to verify the claims... it would have found them to be factually unfounded and refrained from taking action against us”
Updated 37 min 14 sec ago
AFP
JERUSALEM: Israeli organization Amana, a movement that backs developing settlements in the occupied West Bank, on Tuesday denounced sanctions imposed on it by the United States the previous day.
A statement by the group said the sanctions “result from baseless slander directed at Amana by hostile and extremist elements.”
“Had the US administration bothered to verify the claims... it would have found them to be factually unfounded and refrained from taking action against us,” the statement said.
US authorities said Monday they would impose sanctions on Amana and its construction branch Binyanei Bar Amana, as well as others who have “ties to violent actors in the West Bank.”
“Amana is a key part of the Israeli extremist settlement movement and maintains ties to various persons previously sanctioned by the US government and its partners for perpetrating violence in the West Bank,” the US Treasury said.
“More broadly, Amana strategically uses farming outposts, which it supports through financing, loans, and building infrastructure, to expand settlements and seize land,” it added.
All settlements in the West Bank, which Israel has occupied since 1967, are illegal under international law.
Settlement outposts are built by private actors including Amana, and are also illegal under Israeli law.
The new sanctions will block Amana assets in the United States and prevent financial transactions between it and US-based individuals and institutions.
Several Israeli settlers have already been the target of US sanctions.
Amana was founded in 1979 to develop the Jewish presence in the West Bank, the northern Israel region of Galilee and in the Negev region in the south.
It has founded and developed dozens of settlements and settlement outposts since then.
“We are confident that with the change of administration in Washington, and with proper and necessary action by the Israeli government, all sanctions will be lifted,” Amana said Tuesday of US President-elect Donald Trump’s perceived leniency toward Israeli actions.
Yossi Dagan, Shomron Regional Council president, in charge of settlements in the northern West Bank, called the sanctions move “the final act of the Biden administration, which is cynical and hostile toward the Near East’s only democracy.”
Violence in the West Bank, particularly in the north, has soared since the war in the Gaza Strip broke out on October 7 last year after Palestinian militants Hamas attacked southern Israel.
The UN office for the coordination of humanitarian affairs (OCHA), said in its latest report that 300 incidents involving settlers occurred in the West Bank between October 1 and November 4.
Not counting annexed east Jerusalem, about 490,000 settlers live in the West Bank, which is home to three million Palestinians.
