Niger’s president receives Saudi ambassador

Niger’s President Mahamadou Issoufou (right) meeting with  Saudi ambassador Turki bin Naji Al-Ali. (SPA)
Updated 21 September 2019
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Niger’s president receives Saudi ambassador

Niger’s President Mahamadou Issoufou received the Saudi ambassador to his country, Turki bin Naji Al-Ali, at the presidential palace in the capital Niamey.

During the meeting, Issoufou thanked Saudi Arabia for serving Islam and Muslims worldwide.

He reiterated Niger’s solidarity with the Kingdom in all its stances on regional and international issues, and lauded relations between the two countries in all domains.

 

 

 

 

 


Saudi Arabia hosts Italy’s football giants for Italian Super Cup

Updated 5 min 6 sec ago
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Saudi Arabia hosts Italy’s football giants for Italian Super Cup

  • Inter Milan, AC Milan, Juventus and Atalanta prepare to battle it out in Riyadh

RIYADH: The Italian Super Cup hosted by Saudi Arabia gets underway on Thursday with giants Inter Milan, AC Milan, Juventus and Atalanta preparing to battle it out for the silverware.

The four-team knock-out tournament will take place at Al-Awwal Park Stadium in Riyadh.

Serie A champions Inter Milan will play the first semifinal against the Italian Cup runners-up Atalanta on Thursday. 

AC Milan, who finished second in Serie A last season, on Friday will play the second semifinal against Juventus, the Italian Cup winners.

The final will take place on Sunday, Jan. 6.

It will be the fifth time that Saudi Arabia has hosted the Italian Super Cup.

The event is organized by the Ministry of Sports and is expected to attract local and international attention from fans and media alike.

It is the latest major global sporting event to be hosted by the Kingdom as part of the Ministry of Sports’ commitment to the Saudi Vision 2030 reform program.

 


Ukraine halts transit of Russian gas to Europe after a prewar deal expired

Updated 28 min 29 sec ago
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Ukraine halts transit of Russian gas to Europe after a prewar deal expired

  • Ukraine’s energy minister said Kyiv had stopped the transit “in the interest of national security”
  • Until now, Russian natural gas kept flowing through Ukraine’s pipeline network after the 2022 invasion

KYIV, Ukraine: Ukraine on Wednesday halted Russian gas supplies to European customers through its pipeline network after a prewar transit deal expired at the end of last year.
Ukraine’s energy minister, Herman Halushchenko, confirmed on Wednesday morning that Kyiv had stopped the transit “in the interest of national security.”
“This is a historic event. Russia is losing markets and will incur financial losses. Europe has already decided to phase out Russian gas, and (this) aligns with what Ukraine has done today,” Halushchenko said in an update on the Telegram messaging app.
At a summit in Brussels last month, Ukrainian President Volodymyr Zelensky vowed that Kyiv would not allow Moscow to use the transits to earn “additional billions ... on our blood, on the lives of our citizens.” But he had briefly held open the possibility of the gas flows continuing if payments to Russia were withheld until the war ends.
Russia’s Gazprom said in a statement on Wednesday morning that it “has no technical and legal possibility” of sending gas through Ukraine, due to Kyiv’s refusal to extend the deal.
Even as Russian troops and tanks moved into Ukraine in 2022, Russian natural gas kept flowing through the country’s pipeline network — set up when Ukraine and Russia were both part of the Soviet Union — to Europe, under a five-year agreement. Gazprom earned money from the gas and Ukraine collected transit fees.
Before the war, Russia supplied nearly 40 percent of the European Union’s pipeline natural gas. Gas flowed through four pipeline systems, one under the Baltic Sea, one through Belarus and Poland, one through Ukraine and one under the Black Sea through Turkiye to Bulgaria.
After the war started, Russia cut off most supplies through the Baltic and Belarus-Poland pipelines, citing disputes over a demand for payment in rubles. The Baltic pipeline was blown up in an act of sabotage, but details of the attack remain murky.
The Russian cutoff caused an energy crisis in Europe. Germany had to shell out billions of euros to set up floating terminals to import liquefied natural gas that comes by ship, not by pipeline. Users cut back as prices soared. Norway and the US filled the gap, becoming the two largest suppliers.
Europe viewed the Russian cutoff as energy blackmail and has outlined plans to completely eliminate Russian gas imports by 2027.
Russia’s share of the EU pipeline natural gas market dropped sharply to about 8 percent in 2023, according to data from the EU Commission. The Ukrainian transit route served EU members Austria and Slovakia, which long got the bulk of their natural gas from Russia but have recently scrambled to diversify supplies.
Gazprom halted supplies to Austria’s OMV in mid-November over a contractual dispute, but gas flows through Ukraine’s pipelines continued as other customers stepped in. Slovakia this year inked deals to begin buying natural gas from Azerbaijan, and also to import US liquefied natural gas through a pipeline from Poland.
Among the hardest-hit will be EU candidate country Moldova, which was receiving Russian gas via Ukraine and has brought in emergency measures as residents brace for a harsh winter and looming power cuts.
Separately from Kyiv’s decision to let the transit deal expire, Gazprom said last month it will halt gas supplies to Moldova starting on Jan. 1, citing unpaid debt. Gazprom has said Moldova owes close to $709 million for past gas supplies, a figure the country has fiercely disputed, citing international audits.
Heating and hot water supplies were abruptly cut off on Wednesday to households in Transnistria, Moldova’s breakaway region that has for decades hosted Russian troops, as Russian natural gas stopped flowing to the territory, local transit operator Tiraspoltransgaz-Transnistria said.
In an online statement, the company urged residents to gather household members together in a single room, hang blankets over windows and balcony doors, and use electric heaters. It said some key facilities including hospitals were exempt from the cuts.
On Dec. 13, Moldova’s parliament voted in favor of imposing a state of emergency in the energy sector, as fears mounted that the gas shortages could trigger a humanitarian crisis in Transnistria, for decades dependent on Russian energy supplies.
Many observers have predicted that the looming energy shortage could force people in the separatist territory to travel to Moldova proper, seeking basic amenities to get through the harsh winter and placing further strain on resources.
Moldova, Ukraine and EU politicians have repeatedly accused Moscow of weaponizing energy supplies.
On Wednesday, Polish Foreign Minister Radek Sikorski called Ukraine’s move to halt supplies a “victory” for those opposed to the Kremlin’s policies. In a post on X, Sikorski accused Moscow of systematic attempts to “blackmail Eastern Europe with the threat of cutting off gas supplies,” including through a Baltic pipeline bypassing Ukraine and Poland and running directly to Germany.
Slovakian PM Robert Fico Slovakia’s Prime claimed Wednesday that the end of gas flows via Ukraine “will drastically affect us all in the EU but not Russia.”
Fico, whose views on Russia have sharply differed from the European mainstream, has previously hit out at Kyiv’s refusal to extend the transit deal, and threatened to end electricity supplies to Ukraine in response.
Moscow can still send gas to Hungary, as well as non-EU states Turkiye and Serbia, through the TurkStream pipeline across the Black Sea.
The steady reduction of Russian gas supplies to European countries has also spurred them to hasten the integration of Ukraine’s energy grids with its neighbors to the west.
Last week, private Ukrainian energy utility DTEK said it had received its first shipment of liquefied natural gas from the US, to be delivered through a newly expanded network spanning six countries from Greece to Ukraine – and marking a significant step in reducing regional dependence on Russian energy.
Separately, overnight into New Year’s Day, Russia launched a drone strike on Kyiv that left two people dead under the rubble of a damaged building, according to the city administration. At least six people were wounded across the Ukrainian capital, according to Mayor Vitali Klitschko.
Russian shelling also killed a man and wounded two women in Ukraine’s southern city of Kherson, regional authorities reported.


Saudi Venture Capital invests in VC fund by Global Ventures

Updated 38 min 3 sec ago
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Saudi Venture Capital invests in VC fund by Global Ventures

  • Fund will include supply chain technology, agritech, enterprise software as a service, and emerging technologies
  • Partnership underscores growing commitment to innovation and entrepreneurship

RIYADH: Startups in Saudi Arabia’s technology sector are poised to benefit from a new investment announcement by Saudi Venture Capital, which has committed funds to Global Ventures III, according to a press release.

The early-stage venture capital fund managed by Global Ventures exceeds $150 million in size and will primarily target investments in technology and tech-enabled sectors across Saudi Arabia, the Middle East and North Africa, and Sub-Saharan Africa. 

The focus areas for the VC fund will include supply chain technology, agritech, enterprise software as a service, and emerging technologies such as artificial intelligence and deep-tech.

Established in 2018, SVC is a subsidiary of the Small and Medium Enterprises Bank, which is part of Saudi Arabia’s National Development Fund. 

The investment is in line with SVC’s broader goal of boosting venture capital activity in the Kingdom and supporting the growth of startups and small and medium-sized enterprises in the region.

Nabeel Koshak, the CEO and board member at SVC, highlighted the strategic importance of this investment, saying: “Our investment in the venture capital fund by Global Ventures is part of SVC’s Investment in Funds Program, in alignment with our strategy to catalyze venture investments by fund managers investing in Saudi-based startups, especially during their early stage.”

Noor Sweid, founder and managing partner at Global Ventures, emphasized the significance of the investment in strengthening Saudi Arabia’s startup ecosystem. 

“The market opportunity continues to be immense, with emerging technologies across platforms being built by exceptional founders continuing to shine through,” Sweid said.

The partnership underscores the growing commitment to innovation and entrepreneurship in Saudi Arabia’s rapidly evolving tech landscape.


Pakistan Navy seizes drugs worth $1 million at Arabian Sea in counter-narcotics operation

Updated 40 min 22 sec ago
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Pakistan Navy seizes drugs worth $1 million at Arabian Sea in counter-narcotics operation

  • “Large cache of narcotics” were being transported via sea to international destinations, says Pakistan Navy
  • Pakistan’s navy frequently carries out anti-narcotics seizure operations in the country’s territorial waters

ISLAMABAD: A Pakistan Navy ship seized drugs worth $1 million during a counter-narcotics operation at the Arabian Sea, the navy’s media wing said on Wednesday, vowing to disrupt illegal marine activities to maintain law and order.
Pakistan Navy, in collaboration with other law enforcement agencies, frequently carries out such narcotics seizure operations in the country’s territorial waters. 
PNS MOAWIN, supported by Pakistan Navy’s air assets, successfully intercepted a Dhow during an operation at the North Arabian sea, the navy said. It conducted boarding operations and seized the narcotics, adding that the contraband was stowed in a hidden compartment of the vessel.
“Pakistan Navy Ship MOAWIN seized a large cache of narcotics during a counter-narcotics operation in North Arabian Sea,” it said. “The seized narcotics are estimated to be worth approximately USD 1 million in international market.”

This combination of photos, released by Pakistan Navy on January 1, 2025, shows Pakistani security personnel intercepting a Dhow during a counter-narcotics operation at the Arabian Sea. (Photo courtesy: Pakistan Navy)

Without mentioning the quantity of the drugs seized, the navy said that the narcotics were being transported via sea to international destinations.
“The successful execution of this anti-narcotics operation demonstrates Pakistan Navy’s vigilance, professionalism and resolve to deter and disrupt all illegal activities, ensuring good order at sea,” the navy said.
In October, Pakistan’s navy seized 1.3 tons of narcotics valued at approximately $26 million during a targeted operation. In June, it seized 389 kilograms of highly valuable drugs during an anti-narcotics operation in the Arabian Sea. 
Last year in May, the navy also seized over 4,000 kilograms of hashish worth over $65 million with the help of the country’s Anti-Narcotics Force.


Saudi Arabia executes 6 Iranians for drug trafficking

Saudi Arabia has executed six Iranians sentenced for drug trafficking. (File/Getty Images)
Updated 01 January 2025
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Saudi Arabia executes 6 Iranians for drug trafficking

  • Iranian nationals were executed in the Eastern Province after being convicted of smuggling hashish into the Kingdom
  • Ministry of Interior said that the government is protecting the security of citizens and residents from the scourge of drugs

RIYADH: Saudi Arabia has executed six Iranians sentenced for drug trafficking, the Saudi Press Agency reported on Wednesday.

The Iranian nationals were executed in the Eastern Province after being convicted of smuggling hashish into the Kingdom.

After being arrested by Saudi security authorities, the smugglers were referred to the competent court. A ruling was issued against them after their guilt was proven and they were sentenced to death. The ruling became final after it was appealed and then upheld by the Supreme Court, and a royal order was issued to enforce the punishment, the SPA said.

The Ministry of Interior said that the government is protecting the security of citizens and residents from the scourge of drugs, and imposing the most severe penalties stipulated by the system on smugglers and dealers.