World demands full account after Iran admits downing Ukraine jet

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Rescue workers carry the body of a victim of a Ukrainian plane crash in Shahedshahr near Tehran on Jan. 8. Iran has invited the US, Ukraine, Canada to join the crash investigation. (AP)
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A view shows the area after the Boeing 737-800 plane, flight PS 752, crashed after take-off from Iran's Imam Khomeini airport, on the outskirts of Tehran, in this handout Maxar's WorldView-3 satellite image obtained January 11, 2020. (Reuters)
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A handout picture provided by the Iranian Red Crescent on January 8, 2020 shows rescue teams working at the scene after a Ukrainian plane carrying 176 passengers crashed near Imam Khomeini airport in the Iranian capital Tehran. (AFP)
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In this file photo provided by the Iranian Students News Agency and taken on January 08, 2020, child's shoe lies at the scene of a Ukrainian airliner that crashed January 8, 2020 shortly after take-off near Imam Khomeini airport in the Iranian capital Tehran. (AFP)
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Updated 12 January 2020
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World demands full account after Iran admits downing Ukraine jet

  • ‘Because of human error and in a unintentional way, the flight was hit’: Iran

PARIS: Iran said on Saturday it had unintentionally shot down the Ukrainian airliner that crashed this week outside Tehran killing 176 people, calling it an “unforgivable mistake.”

The statement sparked some relief that at least the immediate cause of the disaster would not be concealed amid international calls for a full accounting and compensation for the victims.
Iran has invited the US, Ukraine, Canada and others to join the crash investigation. Herewith are some of the remarks made by top leaders in response to the Iranian statement on its responsibility for the crash.
Ukraine President Volodymyr Zelensky demanded that Iran punish those responsible, pay compensation and apologize.
“We expect Iran ... to bring the guilty to the courts,” the Ukrainian leader wrote on Facebook, calling for the “payment of compensation” and the return of remains.
“We hope the inquiry will be pursued without deliberate delay and without obstruction,” Zelensky added. He also urged “total access” to the full inquiry for 45 Ukrainian experts and in a tweet also sought an “official apology.”
Canadian Prime Minister Justin Trudeau, with the country mourning the loss of many of its nationals, said closure and accountability were needed after Iran’s announcement.
He demanded “transparency, and justice for the families and loved ones of the victims. “This is a national tragedy, and all Canadians are mourning together,” Trudeau’s office said in a statement. Iran must “learn lessons” from the disaster, the chairman of the Russian parliament’s foreign affairs committee said.
“If decryption of the black boxes and the work of the investigation do not prove that the Iranian army did this intentionally, and there are no logical reasons for this, the incident must be closed. “Hoping that lessons will be learned and action taken by all parties,” Konstantin Kosachev was quoted as saying by the Interfax news agency.
French Defense Minister Florence Parly said it was “important to seize this moment to give space to discussions and negotiations” on the Iran nuclear deal.
“The lessons that we should learn from the dramatic sequence of events that we have experienced ... is that we must put an end to this escalation,” Parly told France Inter radio.
She reiterated the French position that everything must be done to salvage the landmark 2015 nuclear accord with Iran, which US President Donald Trump withdrew from in 2018.
German Foreign Minister Heiko Maas said: “It was important that Iran brought clarity to this issue.
“Now Tehran needs to draw the right consequences in the continued appraisal of this dreadful catastrophe, and take measures to ensure that something like this cannot happen again,” Mass told Funke media. The plane was shot down early on Wednesday, hours after Iran launched a ballistic missile attack on two military bases housing US troops in Iraq in retaliation for the killing of Iranian Gen. Qassem Soleimani in an American airstrike in Baghdad. No one was wounded in the attack on the bases.
A military statement carried by state media said the plane was mistaken for a “hostile target.” The military was at its “highest level of readiness,” it said, amid the heightened tensions with the US.
“In such a condition, because of human error and in a unintentional way, the flight was hit,” the military said. It apologized and said it would upgrade its systems to prevent future tragedies.
Those responsible for the strike on the plane would be prosecuted, the statement added.

FASTFACT

A military statement carried by state media said the plane was mistaken for a ‘hostile target.’

Gen. Amir Ali Hajjizadeh, the head of the Guard’s aerospace division, later said his unit accepts “full responsibility” for the shootdown. In an address broadcast by state TV, he said that when he learned about the downing of the plane, “I wished I were dead.”
Iran’s supreme leader, Ayatollah Ali Khamenei, expressed his “deep sympathy” to the families of the victims and called on the armed forces to “pursue probable shortcomings and guilt in the painful incident.”
Ukraine’s President Volodymyr Zelenskiy issued a statement saying the crash investigation should continue and the “perpetrators” should be brought to justice. He said Iran should compensate victims’ families, and he requested “official apologies through diplomatic channels.”
Iran’s acknowledgement of responsibility for the crash was likely to inflame public sentiment against authorities after Iranians had rallied around their leaders in the wake of Soleimani’s killing. Soleimani, the leader of the Guard’s elite Quds Force and the architect of Iran’s regional military interventions, was seen as a national icon, and hundreds of thousands of Iranians had turned out for funeral processions across the country.
The majority of the plane crash victims were Iranians or Iranian-Canadians. Iranian officials had repeatedly ruled out a missile strike, dismissing such allegations as Western propaganda that officials said was offensive to the victims.
The crash came just weeks after authorities quashed nationwide protests ignited by a hike in gasoline prices. Iran has been in the grip of a severe economic crisis since President Donald Trump withdrew the US from the 2015 nuclear deal and imposed crippling sanctions.
Iran’s President Hassan Rouhani blamed the shoot-down of the plane in part on “threats and bullying” by the US after the killing of Soleimani. He expressed condolences to families of the victims, and he called for a “full investigation” and the prosecution of those responsible.
“A sad day,” Iran’s Foreign Minister Mohammad Javad Zarif tweeted. “Human error at time of crisis caused by US adventurism led to disaster. Our profound regrets, apologies and condolences to our people, to the families of all victims, and to other affected nations.”
The jetliner, a Boeing 737 operated by Ukrainian International Airlines, went down on the outskirts of Tehran shortly after taking off from Imam Khomeini International Airport.
The US and Canada, citing intelligence, said they believed Iran shot down the aircraft with a surface-to-air missile, a conclusion supported by videos verified by The Associated Press.
The plane, en route to the Ukrainian capital of Kyiv, was carrying 167 passengers and nine crew members from several countries, including 82 Iranians, 57 Canadians and 11 Ukrainians, according to officials. The Canadian government had earlier lowered the nation’s death toll from 63.
“This is the right step for the Iranian government to admit responsibility, and it gives people a step toward closure with this admission,” said Payman Parseyan, a prominent Iranian-Canadian in western Canada who lost a number of friends in the crash.
“I think the investigation would have disclosed it whether they admitted it or not. This will give them an opportunity to save face.”
Iran’s acknowledgement of responsibility was likely to renew questions of why authorities did not shut down the country’s main international airport and its airspace after the ballistic missile attack, when they feared US reprisals.
It also undermines the credibility of information provided by senior Iranian officials. As recently as Friday, Ali Abedzadeh, the head of the national aviation department, had told reporters “with certainty” that a missile had not caused the crash.
On Thursday, Cabinet spokesman Ali Rabiei dismissed reports of a missile, saying they “rub salt on a painful wound” for families of the victims.
Iran had also invited Ukraine, Canada, the US and France to take part in the investigation of the crash, in keeping with international norms. The Boeing 737 was built in the US and the engine was built by a US-French consortium.
Ukraine’s president said its team of investigators, who are already on the ground in Iran, should continue their work with “full access and cooperation.”
The military statement, issued by the Joint Chiefs of the Armed Forces, said Guard officials had been ordered to “provide a detailed explanation” to the public.
The semi-official Fars news agency reported that the supreme leader on Friday morning had ordered top security officials to review the crash and announce the results.
Fars, which is close to the Guard, appeared to deflect blame.
“If some individuals, in any position, were aware of the issue but made statements contradicting the reality or hid the truth for any reason, they should be named and tried,” it said.
Others speculated that the security forces may have concealed information from civilian authorities.
“Concealing the truth from the administration is dreadful,” Mohammad Fazeli, a sociology professor in Tehran, wrote on social media. “If it had not been concealed, the head of civil aviation and the government spokesmen would not have persistently denied it.”


5 treated after stabbing in south London, 1 man arrested

Updated 2 min 57 sec ago
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5 treated after stabbing in south London, 1 man arrested

Metropolitan Police said that a man was arrested following the stabbing in Croydon
Authorities didn’t provide a motive for the stabbing

LONDON: Five people have been treated following a stabbing Thursday morning in south London, according to London’s Ambulance Service.
London’s Metropolitan Police said that a man was arrested following the stabbing in Croydon, which British media reports said happened near an Asda supermarket. Authorities didn’t provide a motive for the stabbing.
The ambulance service said that one person was taken to a major trauma center in London and four other people were hospitalized.
“We sent a number of resources to the scene, including ambulance crews, a paramedic in a fast response car, an incident response officer, members of our Tactical Response Unit and London’s Air Ambulance,” the service said.
The violence came on the same day that a teenager faced sentencing for fatally stabbing three girls at a Taylor Swift-themed summer dance class in the northwestern English town of Southport.

GCC banks to issue over $30bn in US dollar debt in 2025: Fitch Ratings 

Updated 12 min 3 sec ago
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GCC banks to issue over $30bn in US dollar debt in 2025: Fitch Ratings 

RIYADH: Gulf Cooperation Council banks are projected to issue over $30 billion in US dollar-denominated debt in 2025, following a record $42 billion in 2024, Fitch Ratings said in a new report. 

The surge in debt issuance is set to be driven by nearly $23 billion in maturing debt, lower US dollar interest rates, and strong regional credit demand, particularly in Saudi Arabia and the UAE. 

This comes as GCC banks accounted for 18 percent of total US dollar debt issuance by emerging-market banks in 2024, with this figure rising to 36 percent if Chinese banks are excluded. Favorable global financing conditions, supported by high oil prices expected to stay around $70 per barrel in 2025, are expected to continue to bolster investor confidence in the region. 

“We expect Saudi banks’ US dollar debt issuance to continue representing a high proportion of overall GCC issuance given the country’s strong credit growth outlook, especially in the corporate segment, and the banks’ increased use of external funding due to high competition for liquidity locally,” stated Fitch Ratings. 

Last year, GCC banks broke their previous debt issuance record of $25.6 billion set in 2020. This increase was largely attributed to strong credit growth in Saudi Arabia, banks’ efforts to diversify funding sources, and high debt maturities. The issuance of certificates of deposits alone totaled $8.6 billion, benefiting from investor optimism and the region’s economic stability, the report noted. 

Saudi and UAE banks were the leading issuers, each accounting for around a third of total GCC debt issuance. Saudi banks, in particular, have become active in international debt markets since 2020, using external funding to support aggressive growth strategies, diversify funding bases, and meet rising foreign currency demands. 

Short-term CDs were a key instrument in GCC banks’ debt strategies in 2024, accounting for about 21 percent of total debt issuance. Key financial hubs such as New York, London, Hong Kong, and Singapore facilitated much of this activity, broadening investor bases and enhancing liquidity options. 

The report noted that Islamic finance stayed strong, with sukuk issuance accounting for nearly half of the total 2024 issuance, excluding CDs. The growth in sukuk highlights its appeal to shariah-compliant investors and competitive pricing that makes it an attractive funding instrument for regional banks. 

Fitch expects Saudi banks to maintain a dominant share of GCC debt issuance in 2025, driven by strong credit growth in the corporate sector and increasing competition for local liquidity. 

In 2025, GCC banks will face substantial debt maturities, with Qatari banks expected to account for one-third of the $23 billion due. Saudi and UAE banks will each represent about a quarter of the maturing debt. 

Despite global economic uncertainties, Fitch stated that GCC banks are expected to leverage their solid credit ratings and favorable economic conditions to secure advantageous financing terms. 

Sukuk issuance is expected to grow further as banks tap into the expanding pool of shariah-compliant investors. Fitch said the continued use of short-term instruments like CDs will provide banks with greater flexibility in managing funding needs and expanding their global investor base. 

Additionally, GCC banks are expected to issue $2.2 billion in additional Tier 1 instruments with first call dates in 2025, followed by $3.1 billion in 2026. This will further support debt issuance, as most GCC bank AT1s are likely to be called due to favorable financing conditions. 

AT1 issuance reached $5 billion in 2024, up from $1.7 billion in 2023, marking the highest level since 2021. This surge was driven mainly by Saudi banks. 

As GCC banks continue to play a key role in regional economic growth, their strategic debt issuance and diversified funding solutions are expected to drive further financial stability and market confidence in 2025. 


Becoming Man City’s first Egyptian player an ‘honor’ says Marmoush

Updated 10 min 1 sec ago
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Becoming Man City’s first Egyptian player an ‘honor’ says Marmoush

  • 25-year-old joins Premier League champions from Eintracht Frankfurt on four-and-a-half-year deal for undisclosed fee
  • Omar Marmoush: ‘I’m very happy to be the first Egyptian to play for Manchester City - it’s an honor for me to raise my country’s name here in the English league’

MANCHESTER: Egyptian international forward Omar Marmoush has completed his move from Bundesliga club Eintracht Frankfurt to English Premier League champions Manchester City on a four-and-a-half-year contract.

Although the transfer fee was not officially disclosed by the clubs, UK media have speculated it is close to $72.8 million.

Since joining Eintracht Frankfurt from VfL Wolfsburg in 2023, Marmoush has netted 37 goals and registered 20 assists in 67 appearances.

The 25-year-old spoke to Manchester City’s official club channel.

On being the first Egyptian to play for Manchester City

I’m very happy to be the first Egyptian to play for Manchester City. It’s an honor for me to raise my country’s name here in the English league. This is just the beginning, and it will be a successful start. I can’t wait to be on the field and show everyone what I can do. Over the coming days, we’ll work hard to prove that and make it happen.

On support from fans in the Middle East

I’m honored to be here, and I’m very happy to be here. God willing, this will be a successful start. In the coming period, I hope it will be great for me, the club, and the fans. We’ll hope to achieve many championships and victories.

On having former City players as role models

Ever since I was young, I used to watch Sergio Aguero, because he had a playing style similar to mine. He wasn’t a big striker but he always moved into spaces and when the ball reached his feet, he was dangerous. So Aguero, of course.


Pakistan parliament passes controversial bill to amend cybercrime law

Updated 29 min 40 sec ago
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Pakistan parliament passes controversial bill to amend cybercrime law

  • Bill proposes Social Media Protection and Regulatory Authority to block illegal online content
  • Disinformation will be punishable by three years in prison and fine of $7,150 under new law

ISLAMABAD: Pakistan's National Assembly on Thursday passed a bill to amend the country’s cybercrime law amid a walkout by opposition parties and journalists who fear the new legislation will be used to censor social media platforms. 
Pakistan adopted the much-criticized Pakistan Electronic Crimes Act (PECA) in 2016, granting sweeping powers to regulators to block private information they deemed illegal. The law provided for up to seven years in prison for “recruiting, funding and planning of terrorism” online. It also allowed “authorized officers” to require anyone to unlock any computer, mobile phone or other device during an investigation.
The government said at the time restrictions under the new law were needed to ensure security against growing threats, such as terrorism, and to crackdown on unauthorized access, electronic fraud and online harassment. However, journalists and rights activists complain that the law has been largely used to go after journalists, bloggers and other people critical of the government and state institutions like the military. 
The new amendment bill now proposes the establishment of the Social Media Protection and Regulatory Authority to perform a range of functions related to social media, including awareness, training, regulation, enlistment and blocking. SMPRA would be able to order the immediate blocking of unlawful content targeting judges, the armed forces, parliament or provincial assemblies or material which promotes and encourages terrorism and other forms of violence against the state or its institutions. The law also makes spreading disinformation a criminal offense punishable by three years in prison and a fine of two million rupees ($7,150).
“Whoever intentionally disseminates, publicly exhibits, or transmits any information through any information system, that he knows or has reason to believe to be false or fake and likely to cause or create a sense of fear, panic or disorder or unrest in general public or society shall be punished with imprisonment which may extend up to three years or with fine which may extend to Rs2m or with both,” a copy of the bill says.
The bill was presented in the National Assembly on Thursday by Federal Minister Rana Tanveer Hussain from the ruling Pakistan Muslim League-Nawaz party of premier Shehbaz Sharif. 
“The bill will not harm but protect working journalists,” Information Minister Ataullah Tarar told reporters after the passage of the bill. “This is the first time the government has defined what social media is. There is already a system in place for print and electronic media and complaints can be registered against them.”
He said “working journalists” should not feel threatened by the bill, which had to be passed because the Federal Investigation Agency, previously responsible for handling cybercrime, “does not have the capacity to handle child pornography or AI deep fake cases.”
Tarar said the government was also aiming to bring social media journalists, including those operating YouTube accounts, under the tax framework.
The operative part of the new bill outlines that the Social Media Protection and Regulatory Authority would have the power to issue directions to a social media platform for the removal or blocking of online content if it was against the ideology of Pakistan, incited the public to violate the law or take the law in own hands with a view to coerce, intimidate or terrorize the public, individuals, groups, communities, government officials and institutions, incited the public to cause damage to governmental or private property or coerced or intimidated the public and thereby prevented them from carrying on their lawful trade and disrupted civic life.
The authority will also crackdown on anyone inciting hatred and contempt on a religious, sectarian or ethnic basis as well as against obscene or pornographic content and deep fakes.  
Rights activists say the new bill is part of a widespread digital crackdown that includes a ban on X since February last year, restrictions on VPN use and the implementation of a national firewall. The government says the measures are not aimed at censorship.


WEF panelists urge for efforts to bridge ‘AI divide’

Updated 30 min 47 sec ago
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WEF panelists urge for efforts to bridge ‘AI divide’

  • According to UN figures, 2.7 billion people do not have access to the Internet

DUBAI: While smart technologies unleash opportunities in investment and trade, concerted efforts must seek to bridge the “AI divide” in developing countries, a World Economic Forum panel heard on Thursday.

Deemah Al-Yahya, secretary-general of the Digital Cooperation Organization, said the need for energy, computing power and talent to activate AI would expand the digital gap in the developing world.

“An AI-generated image consumes more energy than charging your smartphone. That’s going to cause a great challenge for developed countries, so let alone developing countries that do not even have reliable energy.”

She added: “Another factor is who is going to get access to the computing power, considering the supply chain and cost? How can talents access the computer power to produce algorithms, local content and innovation?”

According to UN figures, 2.7 billion people do not have access to the Internet, with AI growth threatening to widen the digital gap.

However, using trading digital assets can increase access to new technologies, including AI, quantum computing and blockchain, in the global south, Al-Yahya said.

Highlighting the varying degrees of advancement of digital infrastructures among countries, Al-Yahya stressed harmonizing collaboration and bridge communication between the public and private sector, which served as the drivers of the digital economy.

One of the Digital Cooperation Organization’s mandates is to harmonize policies and regulations among 16 member states from Asia, Europe, Africa and the Middle East to expand technology use and grow their digital economy.

Addressing the benefits of AI in improving efficiency and reducing errors, Thani Ahmed Al-Zeyoudi, UAE minister of state for foreign trade, highlighted synergies and links to different tech systems, even within the same country.

“Many of those technologies are under deployment, but in various scattered ways. Each stakeholder is following their own way when it comes to customers, procedures and managements system,” said Al-Zeyoudi, highlighting the role of governments in implementing regulations that put AI to good use and ensure communication across stakeholders.

He addressed the UAE’s export of technologies to Africa, noting that the private sector took the lead in such initiatives.

“To avoid fragmentation as governments, we need to take the lead by putting (in place) a regulatory system that ensures that the private sector has the freedom to start doing their job, get the funding whenever required, and support them in talking to the right stakeholders,” he said.