Ousted Pakistani PM Sharif arrested after flying home to face jail

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In this file photo, Pakistan's former prime minister Nawaz Sharif speaks during a news conference in Islamabad, Pakistan September 26, 2017. (Reuters)
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Ousted Pakistani Prime Minister Nawaz Sharif gestures as he boards a Lahore-bound flight due for departure, at Abu Dhabi International Airport, UAE July 13, 2018. (Reuters)
Updated 13 July 2018
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Ousted Pakistani PM Sharif arrested after flying home to face jail

LAHORE: Ousted Pakistani Prime Minister Nawaz Sharif and his daughter Maryam were arrested on Friday after flying back to the country to face lengthy prison sentences, in a high-stakes gamble to galvanize their beleaguered party ahead of a July 25 election.
Uniformed men escorted the Sharifs, who were sentenced in absentia on corruption charges last week, from their airplane after it touched down in the central city of Lahore at around 8:45 p.m. (1645 GMT), a Reuters reporter on board said.
A spokesman for Sharif’s Pakistan Muslim League-Nawaz (PML-N) party confirmed they were arrested soon afterwards. Local Geo TV said Sharif and his daughter were taken to another waiting aircraft to be flown out of Lahore, where more than 10,000 Sharif supporters were gathered to greet him.
Their return could shake up an election race marred by accusations Pakistan’s powerful military is working behind the scenes to skew the contest in favor of ex-cricket hero Imran Khan, who describes Sharif as a “criminal” who deserves no support.
Clashes broke out Friday evening at the main highway entry point to Lahore between pro-Sharif protesters and police who had been deployed in their thousands, a Reuters witness said. There were no immediate reports of injuries.
Mobile phone service had been cut off in mid-afternoon, as Sharif’s brother, Shehbaz, led around 10,000 party supporters on a march toward the city center in defiance of a citywide ban on public gatherings, according to a Reuters witness.
Nawaz Sharif decried the tactics ordered by the caretaker government that took over in June ahead of the general election, as Pakistan’s constitution requires.
“What credibility will these elections have when the government is taking such a drastic action against our people and this crackdown is taking place all over the country?” he told Reuters at the airport in Abu Dhabi as he waited for a connecting flight to Lahore.
Pakistan’s third major political movement, the Pakistan Peoples Party, joined the criticism of the crackdown, with its prime ministerial candidate Bilawal Bhutto Zardari questioning why Sharif’s supporters would be prevented from gathering.
“Why is Lahore under siege? Right to peaceful protest is fundamental for democracy,” tweeted Bhutto Zardari, the son of two-time prime minister Benazir Bhutto, who was assassinated at a political rally in 2007.
The country’s media regulator warned local news channels to abstain from airing statements “by political leadership containing defamatory and derogatory content targeting various state institutions specifically judiciary and armed forces,” the regulator said in a statement.
Adding to the tension surrounding the upcoming poll, a suicide bomber hit an election rally of a regional party in southwestern Pakistan, killing 85 people. The bombing was the biggest attack in Pakistan in more than a year and the third incident of election-related violence this week.


Saudi, Australian defense ministers meet in Riyadh

Updated 11 min 28 sec ago
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Saudi, Australian defense ministers meet in Riyadh

  • Prince Khalid, Richard Marles discuss latest developments in region

RIYADH: Saudi Minister of Defense Prince Khalid bin Salman on Wednesday received his Australian counterpart, Richard Marles, at his office in Riyadh.

The pair discussed relations between their countries as well as the latest developments in the region, including efforts to support security and stability, the Saudi Press Agency reported.

A number of other senior officials from the two sides attended the meeting. Marles is also Australia’s deputy prime minister.


Thirteen dead after naval vessel hits passenger boat off Mumbai

Passengers who were rescued after an Indian Navy speedboat lost control and crashed into a ferry carrying 100 passengers.
Updated 18 min 48 sec ago
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Thirteen dead after naval vessel hits passenger boat off Mumbai

  • The navy said 99 people were rescued with efforts ongoing for others
  • Local TV channels showed a boat carrying at least five people hitting the passenger vehicle, causing the accident

MUMBAI: At least 13 people died when a boat with more than 100 passengers capsized off the coast of India’s financial capital Mumbai after colliding with an Indian Navy boat on Wednesday, officials said.
The navy said 99 people were rescued with efforts ongoing for others.
“An Indian Navy craft lost control while undertaking engine trials in Mumbai Harbor due to engine malfunction. As a result, the boat collided with a passenger ferry which subsequently capsized,” the Navy said in a statement on X.
Local TV channels showed a boat carrying at least five people hitting the passenger vehicle, causing the accident.
“The speedboat crashed into our boat and water started entering our boat and it overturned. The driver asked us to wear lifejackets,” a passenger on board the vessel told ABP Majha news channel.
“I swam for fifteen minutes before I was rescued by another boat,” said the passenger, who did not identify himself.
The privately-owned passenger boat, called Neelkamal, was heading toward the Elephanta caves, a popular tourist destination off the coast of Mumbai, when it capsized, BMC said.
The caves, which see a steady stream of tourists through the year, are a UNESCO heritage site and were constructed in the 5th-6th centuries A.D.
Boats from the Gateway of India, Mumbai’s southernmost point, make regular trips to ferry tourists to the site, an hour away.


Riyadh events industry conference draws to a close

Updated 25 min 54 sec ago
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Riyadh events industry conference draws to a close

  • Industry leaders highlight investment opportunities
  • 3-day summit saw numerous deals agreed

RIYADH: Experts in the meetings, incentives, conferences and exhibitions sector spoke to Arab News about the need for international collaboration and local investment on the last day of industry talks in Riyadh.

On the final day of the International MICE Summit on Tuesday, business leaders highlighted how the booming industry offered unique opportunities for job creation and investment.

The three-day event covered sector-related issues and hosted the signing of several agreements and memoranda of understanding.

Six Saudi ministers took part in IMS24, which was organized by the Saudi Conventions and Exhibitions General Authority. A total of 20 speaking sessions and 19 workshops were held, and eight MoUs signed.

IMS24 also witnessed companies including RX Global, Messe Munich, and Clarion announce the opening of new offices in Saudi Arabia, in preparation for 12 new events due to start in 2025.

Faisal Al-Rajhi, CEO of Almatar Travel Group, told Arab News that the Kingdom’s hosting of numerous exhibitions and conferences in recent years had helped it become a pioneering destination for the MICE industry.

Exhibitions and conferences were boosting job growth and offering local investors the chance to gain valuable insights from international experts, he added.

Mansour Al-Jabarty, CEO of YNZ, said IMS24 was an ideal platform for those seeking to gain expertise in the field and held exceptional significance given Saudi Arabia’s prominence in hosting such events.

Bilal Al-Barmawi, CEO and managing director of 1st Arabia, stressed the importance of building partnerships to increase MICE capabilities, while Ahmed Al-Saif, chairman of Max Group, added local investment in the sector had become an urgent necessity for companies seeking to go global.

The MICE segment was a key driver of economic growth, and the Saudi market was now an attractive destination for foreign investment, he added. This would not have been realized without the boom in exhibitions and conferences that the Kingdom has witnessed in recent times.


Saudi Arabia’s ACWA Power launches $3bn renewable projects in Uzbekistan

Updated 27 min 29 sec ago
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Saudi Arabia’s ACWA Power launches $3bn renewable projects in Uzbekistan

  • ACWA Power has been significantly involved in Uzbekistan’s renewable energy sector in recent years
  • Uzbekistan aims to generate 40 percent of its electricity from renewable sources by 2030

JEDDAH: Saudi utility giant ACWA Power launched three renewable projects in Uzbekistan, including wind, solar, and battery storage, marking a $3 billion investment in the country’s energy transition.

On Dec. 18, Uzbekistan’s President Shavkat Mirziyoyev and the Kingdom’s Minister of Energy, Prince Abdulaziz bin Salman, who joined virtually, inaugurated the projects.

The initiatives include the Bash and Dzhankeldy Wind Power Plants with a total capacity of 1,000 megawatts and a transmission line, the Samarkand 1 and 2 solar projects with 1,000 MW of solar power and a 1,000 MWh battery energy storage system, and the Tashkent BESS Project, which consists of a 500 MWh BESS.

Uzbekistan aims to generate 40 percent of its electricity from renewable sources by 2030, a critical milestone in its broader plan to achieve 20 gigawatts of clean energy capacity by the decade’s end.

Mohammad Abunayyan, the chairman of ACWA Power’s board of directors, who also chairs the Saudi-Uzbek Business Council, emphasized the significant progress in his company’s collaboration with the Uzbek government, highlighting its role as a key strategic investor in the country’s rapidly growing clean energy sector.

Abunayyan said: “Today’s groundbreaking highlights the multitude of large-scale foreign direct investments and commendable efforts by Uzbekistan to strengthen the potential of the country’s energy system and capacity. It also paves the way for the commencement of ACWA Power projects that are expected to yield widespread benefits for Uzbekistan’s key regions and communities.”

Prince Abdulaziz commended the robust relationship between the Kingdom and Uzbekistan and said the alliance has nurtured deep collaboration across multiple sectors, with a particular focus on energy, which has brought mutual benefits to both nations, according to a statement from the company.

The Saudi minister also praised the economic cooperation between the two countries, particularly in the context of Saudi Vision 2030 and Uzbekistan Strategy 2030. He stressed their shared goals of economic development, diversification, renewable energy, and sustainable growth, as well as the Kingdom’s growing investment in Uzbekistan’s electricity sector amid the country’s energy transition.

In October, ACWA Power announced it signed a letter of intent with the Asian Infrastructure Investment Bank to secure $150 million for the development of three wind power plants in Uzbekistan, namely the Kungrad 1, 2, and 3 plants in the Karakalpakstan region.

The company, listed on the Saudi Stock Exchange, said in a press release that the financing will support the three facilities, each with a capacity of 500 MW.

The financing term is set at four years and will be backed by an institutional guarantee from ACWA Power.

Uzbekistan is a key foreign market for ACWA Power, which has been significantly involved in the country’s renewable energy sector in recent years.

The company’s current portfolio in Uzbekistan includes 11.6 GW of power, with 10.1 GW from renewable sources, along with the country’s first green hydrogen project, which has an annual capacity of 3,000 tonnes.

Since the partnership began, four major projects worth approximately $3 billion have been successfully implemented, with an ongoing portfolio of initiatives valued at $15 billion, ACWA Power said in the statement.


Saudi Arabia unveils enhanced e-guide to boost exports

Updated 18 December 2024
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Saudi Arabia unveils enhanced e-guide to boost exports

JEDDAH: The Kingdom’s businesses now have access to an enhanced support system through the newly launched electronic guide by the Saudi Export Development Authority.

SEDA has introduced the first digital version of its Export Incentive Service, or Incentives, which provides a comprehensive overview of key benefits, application procedures, and eligibility criteria aimed at promoting exports.

The initiative is designed to help Saudi companies expand into global markets by offering nine distinct incentives that adhere to World Trade Organization regulations, according to the Saudi Press Agency.

This launch is part of SEDA’s ongoing efforts to enhance the export environment, raise awareness of export practices, develop human capital within the sector, and create new opportunities for Saudi exporters.

Additionally, the program seeks to address the challenges faced by exporters through collaboration with both public and private sector stakeholders. By supporting these efforts, the program aligns with the Kingdom’s Vision 2030 goals of diversifying sources of national income.

The guide caters to the specific needs of exporters, covering a wide range of activities, including e-commerce platform registration, product certification, participation in international trade shows, marketing, advertising, product registration, and facilitating visits to potential buyers. It also offers legal consultations and specialized training.

A notable feature of the program is its cost-sharing component. The initiative compensates companies for a portion of the costs associated with entering new markets, offering reimbursement ranging from 50 percent to 75 percent, depending on specific terms and conditions.

In the third quarter of 2024, Saudi Arabia’s non-oil exports reached SR79.48 billion ($21.17 billion), marking an impressive 16.76 percent increase compared to the same period in 2023, according to data from the General Authority for Statistics.

Notably, the Kingdom’s exports to the UAE amounted to SR19.58 billion, followed by India at SR6.78 billion and China at SR6.48 billion.

Chemical products led the Kingdom’s non-oil exports, representing 25.5 percent of total shipments, with a 5.3 percent year-on-year increase. Plastic and rubber products followed, accounting for 24.9 percent of exports, reflecting an 8.9 percent growth compared to the previous year.

In addition to the export incentives program, SEDA recently introduced another initiative exempting industrial inputs from customs duties.

Developed in collaboration with the Ministry of Industry and Mineral Resources, this service provides industrial companies with customs duty exemptions on inputs used to produce export goods. This move aligns with Vision 2030’s broader goal of diversifying the economy and increasing non-oil exports.

The service covers industrial inputs, such as raw materials, labor, fuel, equipment, and buildings, enabling Saudi manufacturers to reduce costs associated with production for export. By improving cost efficiency, the initiative aims to enhance the global competitiveness of Saudi industries.

Together, these programs are designed to diversify income sources, enhance non-oil exports, and promote sustainable growth, offering innovative solutions tailored to the needs of exporters while supporting the competitiveness of the Kingdom’s industrial sector.