Ammar A. Al-Khudairy, board chairman of the newly formed bank following the merger of NCB and Samba

Ammar A. Al-Khudairy
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Updated 13 October 2020
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Ammar A. Al-Khudairy, board chairman of the newly formed bank following the merger of NCB and Samba

Ammar A. Al-Khudairy is the board chairman of the newly formed bank following the merger of the National Commercial Bank and Samba Financial Group.
Before the merger, he had been working with the Samba group as its chairman since January 2019.
Al-Khudairy held key leadership positions in various Saudi financial institutions such as Riyad Bank, United Saudi Bank, and Banque Saudi Fransi.
With over 30 years of experience in the financial sector, he is considered an expert in corporate banking, project finance, corporate finance, mergers and acquisitions, and asset management. Al-Khudairy has been the managing director and executive partner at Amwal AlKhaleej Investment Co. since 2004. He has been a board member of various public and private organizations such as Almarai Co., Saudi Real Estate Development Fund, Arabian Shield Insurance Co., Fawaz Abdulaziz Alhokair Co., Real Estate Development Co., Zohoor Alreef Co., National Automotive Co., Al-Tayyar Travel Group, Savola, Kingdom Holding, Herfy and Economic Cities Authority. He has been serving as deputy chairman of Saudi Pharmaceutical Industries & Medical Appliances Corp. since 2019. Al-Khudairy is also the director of the Dubai-based Amwal Capital Partners Ltd. and the UAE-based Samba Financial Group.
He also served as board chairman at the Allianz Saudi Fransi for Insurance, Goldman Sachs Saudi Arabia, and Morgan Stanley, Saudi Arabia.
Al-Khudairy obtained a bachelor’s degree in civil engineering and a master’s degree in engineering administration at George Washington University in the US.

 


Israel says intercepted projectile fired from Yemen

Updated 5 min 7 sec ago
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Israel says intercepted projectile fired from Yemen

  • “Rocket and missile sirens were sounded following the possibility of falling shrapnel from the interception”

JERUSALEM: The Israeli army said Tuesday it had intercepted a projectile fired from Yemen after air raid sirens sounded in the center and south of Israel.
“Following the sirens that sounded a short while ago, a projectile that was launched from Yemen was intercepted prior to crossing into Israeli territory,” the Israeli army said on Telegram.
“Rocket and missile sirens were sounded following the possibility of falling shrapnel from the interception.”
Israel’s emergency medical service, Magen David Adom, reported no injuries from the projectile.
Israeli Prime Minister Benjamin Netanyahu on Monday warned the Iran-backed Houthi rebels of Yemen, who last week fired two missiles at Israel, including one that injured 16 people in the commercial hub of Tel Aviv on Saturday.
“I have instructed our forces to destroy the infrastructure of Houthis, because anyone who tries to harm us will be struck with full force,” he told lawmakers, “even if it takes time.”
Israeli warplanes retaliated against ports and energy infrastructure, which the military said contributed to Houthi rebel operations, after a rebel missile badly damaged an Israeli school last week.
The Houthis said the Israeli strikes killed nine people.
 

 


Inter beat Como to keep in touch with leaders Atalanta

Updated 29 min 17 sec ago
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Inter beat Como to keep in touch with leaders Atalanta

  • Como, coached by Cesc Fabregas, slipped a spot to 16th and sit just one point clear of the relegation zone

MILAN, Italy: Inter Milan saw off Como 2-0 on Monday to stretch their unbeaten run in Serie A to 11 games and move back to within three points of leaders Atalanta.
Defender Carlos Augusto headed in from a corner early in the second half before Marcus Thuram wrapped up a fourth successive league win with a thumping finish in stoppage time.
Inter goalkeeper Yann Sommer made a crucial save on the hour to deny Nico Paz an equalizer as Simone Inzaghi’s side showed signs of weariness at the San Siro in what was their third outing in a week.
Thuram’s goal was his 12th of the season and sent him level with Atalanta striker Mateo Retegui for the league lead.
“Marcus is a high-class player who always trains well and has adapted very quickly to the way we play,” said Inzaghi.
“You have to congratulate Como for coming here and giving it their all, but we stayed focused and showed great maturity.”
Third-placed Inter are a point behind Napoli but have played a game less than the top two teams after their match with Fiorentina was called off at the start of December following Edoardo Bove’s sudden collapse.
Reigning champions Inter visit lowly Cagliari this weekend and could put the pressure back on Atalanta, who are away to Lazio in the late game on Saturday.
Como, coached by Cesc Fabregas, slipped a spot to 16th and sit just one point clear of the relegation zone.
Fiorentina lost more ground in the title race after falling to a 2-1 home defeat by Udinese.
Moise Kean’s early penalty gave Fiorentina the lead as they sought to shake off last weekend’s loss to Bologna that snapped the club’s eight-match winning streak in Serie A.
However, Udinese equalized shortly after half-time through Lorenzo Lucca and former France international Florian Thauvin curled in the winner from outside the area.
“The most important thing for me is not the goal but the victory. These are three important points against a very strong team,” said Udinese captain Thauvin.
Udinese stayed ninth and are eight points off the European places.


German president urges unity after ‘dark shadow’ of Christmas market attack

Updated 35 min 45 sec ago
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German president urges unity after ‘dark shadow’ of Christmas market attack

  • Steinmeier recognized that there was a “great deal of dissatisfaction about politics” in Germany but insisted that “our democracy is and remains strong”

BERLIN: Germany’s president said Tuesday that a deadly car-ramming attack on a Christmas market had cast a “dark shadow” over this year’s celebrations but urged the nation not to be driven apart by extremists.
In his traditional Christmas address, President Frank-Walter Steinmeier sought to issue a message of healing four days after the brutal attack in the eastern city of Magdeburg killed five people and left over 200 wounded.
“A dark shadow hangs over this Christmas,” said the head of state, pointing to the “pain, horror and bewilderment over what happened in Magdeburg just a few days before Christmas.”
He made a call for national unity as a debate about security and immigration is flaring again: “Hatred and violence must not have the final word. Let’s not allow ourselves to be driven apart. Let’s stand together.”
His words came a day after the far-right Alternative for Germany (AfD) held what it called a memorial rally for the victims in Magdeburg, where one speaker demanded that Germany “must close the borders.”
Nearby an anti-extremist initiative was held under the motto “Don’t Give Hate a Chance.”
Steinmeier recognized that there was a “great deal of dissatisfaction about politics” in Germany but insisted that “our democracy is and remains strong.”
A Saudi doctor, Taleb Al-Abdulmohsen, 50, was arrested Friday at the scene of the attack in which a rented SUV plowed at high speed through the crowd of revellers, bringing death and chaos to the festive event.
His motive still remains unclear, days after Germany’s deadliest attack in years.
Abdulmohsen has in his many online posts voiced strongly anti-Islam views, anger at German authorities and support for far-right conspiracy narratives on the “Islamization” of Europe.
News outlet Der Spiegel reported he wrote on social media platform X in May that he expected to die “this year” and was seeking “justice” at any cost.
Investigators found his will in the BMW that he used in the attack, the outlet said — he stated that everything he owned was to go to the German Red Cross, and it contained no political messages.
Die Welt daily, citing unnamed security sources, said that Abdulmohsen had been treated for a mental illness in the past, thought this was not immediately confirmed by authorities.
The attack has fueled an already bitter debate on migration and security in Germany, two months before national elections and with the far-right AfD party riding high in opinion polls.
The government is facing mounting questions about possible errors and missed warnings about Abdulmohsen, who was arrested next to the battered BMW sports utility vehicle.
Saudi Arabia said it had repeatedly warned Germany about its citizen, who came to Germany in 2006 and was granted refugee status 10 years later.
A source close to the Saudi government told AFP that the kingdom had sought his extradition.
Chancellor Olaf Scholz’s government has pledged to fully investigate whether there were security lapses before the attack.
The Saudi suspect has been remanded in custody in a top-security facility on five counts of murder and 205 of attempted murder, prosecutors said, but not so far on terrorism-related charges.
German Christmas markets have been specially secured since a jihadist attacker rammed a truck through a Berlin Christmas market in 2016, killing 13 people.
The Magdeburg event too had been shielded by barricades, but the attacker managed to exploit a five-meter gap when he steered the car into the site and then raced into the unsuspecting crowd.
Steinmeier offered his condolences for relatives of those injured and killed “in such a terrible way” — when the attack killed a nine-year-old boy and four women aged 45 to 75.
“You are not alone in your pain,” he told the hundreds of affected families. “The people throughout our country feel for you and mourn with you.”


Sudan drops out of hunger-monitor system on eve of famine report

Children ride in a small canoe around the area where they live in Jonglei state, South Sudan, Thursday, Nov. 14, 2024. (AP)
Updated 48 min 55 sec ago
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Sudan drops out of hunger-monitor system on eve of famine report

  • Sudan’s withdrawal from the IPC system could undermine humanitarian efforts to help millions of Sudanese suffering from extreme hunger, said the leader of a non-governmental organization operating there, speaking on condition of anonymity

KHARTOUM: The Sudanese government has suspended its participation in the global hunger-monitoring system on the eve of a report that’s expected to show famine spreading across the country, a step likely to undercut efforts to address one of the world’s largest hunger crises.
In a letter dated Dec. 23, the government’s agriculture minister said the government is halting its participation in the Integrated Food Security Phase Classification (IPC) system. The letter accused the IPC of “issuing unreliable reports that undermine Sudan’s sovereignty and dignity.”
On Tuesday, the IPC is expected to publish a report finding that famine has spread to five areas in Sudan and could expand to 10 by May, according to a briefing document seen by Reuters. “This marks an unprecedented deepening and widening of the food and nutrition crisis, driven by the devastating conflict and poor humanitarian access,” the document stated.
A spokesperson for the Rome-based IPC declined to comment.
Sudan’s withdrawal from the IPC system could undermine humanitarian efforts to help millions of Sudanese suffering from extreme hunger, said the leader of a non-governmental organization operating there, speaking on condition of anonymity.
“Withdrawal from the IPC system won’t change the reality of hunger on the ground,” the NGO source said. “But it does deprive the international community of its compass to navigate Sudan’s hunger crisis. Without independent analysis, we’re flying blind into this storm of food insecurity.”
A diplomat with Sudan’s mission to the United Nations in New York didn’t immediately respond to a request for comment on the move to cut off the IPC.
The IPC is an independent body funded by Western nations and overseen by 19 large humanitarian organizations and intergovernmental institutions. A linchpin in the world’s vast system for monitoring and alleviating hunger, it is designed to sound the alarm about developing food crises so organizations can respond and prevent famine and mass starvation.
IPC analysts typically partner with national governments to analyze data related to food insecurity and to report on conditions within a country’s borders. The government has headed the IPC’s analysis group in Sudan. But the system has increasingly struggled to function since civil war erupted in April 2023.
The fighting between the army-backed government and its foe, the Rapid Support Forces (RSF) paramilitary, has disrupted data collection in areas held by both sides.
A recent Reuters investigation found that the Sudanese government obstructed the IPC’s work earlier this year, delaying by months a famine determination for the sprawling Zamzam camp for internally displaced people where some have resorted to eating tree leaves to survive.
Monday’s letter was addressed to the IPC and it s Famine Review Committee, which vets and verifies a famine finding, as well as to diplomats. It says the forthcoming IPC report lacks updated malnutrition data and assessments of crop productivity during the recent summer rainy season.
The growing season was successful, the letter says.
It also notes “serious concerns” about the IPC’s ability to collect data from territories controlled by the RSF.
The IPC’s struggles go beyond Sudan. In a series of reports this year, Reuters has reported that authorities in Myanmar and Yemen have also tried to thwart the global hunger-monitoring process by blocking or falsifying the flow of data to the IPC or suppressing its findings.
In Myanmar, the IPC recently scrubbed from its website its assessment on hunger there, fearing for the safety of researchers. Reuters recently reported that representatives of the country’s ruling military junta have warned aid workers against releasing data and analysis showing that millions in Myanmar are experiencing serious hunger.
In Ethiopia, the government disliked an IPC finding in 2021 that 350,000 people were experiencing catastrophic acute food insecurity – so it stopped working with the IPC.
Alex de Waal, executive director of the World Peace Foundation at Tufts University’s Fletcher School, called Sudan’s move to stop cooperating with the IPC “both pathetic and tragic.”
“It’s part of a long history of the government of Sudan denying famine going back more than 40 years,” said de Waal, a leading specialist on famine. “Whenever there’s a famine in Sudan, they consider it an affront to their sovereignty, and they’re more concerned about their pride and their control than they are over the lives of their citizens.”

 


Complete lineup for February UFC event in Riyadh announced

Updated 13 min 2 sec ago
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Complete lineup for February UFC event in Riyadh announced

RIYADH: Organizers confirmed on Monday the complete list of fighters for the UFC Fight Night event in the Saudi capital on Feb. 1.
Israel Adesanya versus Nassourdine Imavov is the main event for the second UFC event held in the Kingdom.
The card features Dagestani fighter Said Nurmagomedov (18-3-0) will face Brazilian Vinicius “Lok Dog” Oliveira (21-3-0), while Tajik Muhammad Naimov (11-3-0) squares off against Australian Kaan Ofli (12-3-1).
In another bout, American Terrance McKinney (15-7-0) will clash with Denmark’s Damir Hadzovic (14-7-0), and Austrian Bogdan Grad (14-2-0) will meet Brazilian Lucas Alexander (8-4-0).
Highlighting Arab representation, Egyptian Hamdy Abdelwahab (5-0-0) will take on American Jamal Boggs (11-4-0), while Bahraini Shamil Gaziev (13-1-0) faces a tough challenge against American Thomas Petersen (9-2-0).
The excitement continues as Americans Jordan Leavitt (11-3-0) and Abdul Kareem Al-Selwady (15-4-0) battle it out, and Russian Sergei Pavlovich (18-3-0) faces Surinamese fighter Jairzinho “Bigi Boy” Rozenstruik (15-5-0).
Dagestani Ikram Aliskerov (15-2-0) will take on Brazilian André Muniz (24-6-0) in a blockbuster bout.
Adesanya, the Nigerian-born New Zealander, is one of UFC’s all-time greats, making a return after a title fight against Dricus du Plessis earlier this year. He is determined to reclaim his dominance with a decisive victory over Imavov.
In June the UFC hosted the first ever event in the Kingdom, bringing the premier fighting championship to Saudi fans of MMA.
Tickets are available for the event at the anb Arena on Jan. 3.