Countries ban UK flights as Britain says new virus strain ‘out of control’

Travellers wearing protective face coverings to combat the spread of the coronavirus prepare to depart on the high-speed Eurostar service from St Pancras International railway station in London on December 20, 2020. (AFP)
Short Url
Updated 21 December 2020
Follow

Countries ban UK flights as Britain says new virus strain ‘out of control’

  • Kuwait's civil aviation authority added the UK to its high-risk list of countries, meaning all flights from it are banned
  • Macron, Merkel, and EU chiefs Ursula von der Leyen and Charles Michel held a call about the matter

LONDON: European countries banned travel from the UK on Sunday and the WHO called for stronger containment measures as the British government warned that a highly infectious new strain of the virus was “out of control.”
As the World Health Organization urged its European members to beef up measures against a new variant of COVID-19 circulating in Britain, France blocked people and goods crossing the Channel while Germany, Ireland, Italy, Austria, Romania, The Netherlands and Belgium said they were moving to block air travel.
A German government source said the restriction could be adopted by the entire 27-member European Union and that countries were also discussing a joint response over sea, road and rail links with Britain.
Despite growing concerns about the new strain, European Union experts believe it will not impact the effectiveness of existing vaccines, Germany’s health minister said.
“According to everything we know so far” the new strain “has no impact on the vaccines,” which remain “just as effective,” Jens Spahn told public broadcaster ZDF, citing “talks between experts at European authorities.”
France’s ban on all but unaccompanied freight arriving from Britain is especially painful, as companies are scrambling to shift merchandise with days to go until Britain finally quits EU trade structures in the wake of Brexit.
But “flows of people or goods toward the UK will not be affected,” Paris said in a statement.
Rome and Berlin said on Sunday they would both be suspending flights to and from Britain from midnight. Dublin said it would suspend air links with Britain for “at least” 48 hours.
The Netherlands imposed a ban on UK flights from 6 am (0500 GMT) on Sunday and Belgium said it would follow suit from midnight with a ban on planes and trains from the UK.
Alarm bells were ringing across Europe — which last week became the first region in the world to pass 500,000 deaths from COVID-19 since the pandemic broke out a year ago — after it appeared that a new, even more infectious strain of the virus was raging in parts of Britain.
Austria’s health ministry told the APA news agency that it would also impose a flight ban, the details of which were still being worked out.
A spokeswoman for WHO Europe told AFP that “across Europe, where transmission is intense and widespread, countries need to redouble their control and prevention approaches.”
Romania also said it had banned all flights to and from the UK for two weeks starting Monday afternoon.
French President Emmanuel Macron, German Chancellor Angela Merkel, and EU chiefs Ursula von der Leyen and Charles Michel held a conference call on Sunday about the matter, Macron’s office said.

British Prime Minister Boris Johnson said the infectiousness of the new strain had forced his hand into imposing a lockdown across much of England over the Christmas period.
“Unfortunately the new strain was out of control. We have got to get it under control,” UK Health Secretary Matt Hancock told Sky News after Johnson U-turned on his previously stated policy of easing containment measures over the festive season.
Scientists first discovered the new variant — which they believe is 70 percent more transmissible — in a patient in September. And Public Health England notified the government on Friday when modelling revealed the full seriousness of the new strain.
But Britain’s chief medical officer Chris Whitty pointed out that while the new strain was greatly more infectious, “there is no current evidence to suggest (it) causes a higher mortality rate or that it affects vaccines and treatments, although urgent work is underway to confirm this.”
The novel coronavirus has killed at least 1,685,785 people since the outbreak emerged in China last December, according to a tally from official sources compiled by AFP at 1100 GMT on Sunday.
And with the onset of colder winter weather in the northern hemisphere where respiratory diseases flourish, countries are bracing for new waves of COVID-19 with tighter restrictions, despite the economic damage such lockdowns wrought earlier this year.
The Netherlands is under a five-week lockdown until mid-January with schools and all non-essential shops closed to slow a surge in the virus.
Italy also announced a new regime of restrictions until January 6 that included limits on people leaving their homes more than once a day, closing non-essential shops, bars and restaurants and curbs on regional travel.
In Russia, health authorities said that the number of people who have died from the coronavirus has surpassed the 50,000 mark and now stands at 50,858.

The rapid rollout of vaccinations is now seen as the only effective way to end the crisis and the economically devastating shutdowns used to halt its spread.
Europe is expected to start a massive vaccination campaign after Christmas following the United States and Britain, which have begun giving jabs with an approved Pfizer-BioNTech shot, one of several leading candidates.
Russia and China have also started giving out jabs with their own domestically produced vaccines.
The United States on Friday authorized Moderna’s COVID-19 vaccine for emergency use, the first nation to authorize the two-dose regimen from Moderna-- now the second vaccine to be deployed in a Western country after the one developed by Pfizer and BioNTech.
The Wall Street Journal reported that US lawmakers had agreed on pandemic spending powers for the Federal Reserve late Saturday, clearing the way for a vote on a roughly $900-billion COVID-19 relief package for millions of Americans.


Dubai Basketball face deciding game in ABA League quarterfinals

Updated 28 sec ago
Follow

Dubai Basketball face deciding game in ABA League quarterfinals

  • Third game against Cedevita Olimpija will be at Coca-Cola Arena on Tuesday

DUBAI, UAE: Dubai Basketball lost to Cedevita Olimpija (94-89) in Game 2 of the ABA League quarterfinals, resulting in a final deciding game, to take place on Tuesday, May 20 at Coca-Cola Arena in Dubai.

Dubai entered Game 2 in Ljubljana with a 1-0 lead in the best-of-three series, following a one-point home win. Victory in Slovenia would have secured immediate qualification to the semifinals. However, Dubai Basketball were facing one of the league’s most physical contenders at Stozice Arena.

Cedevita Olimpija wasted no time asserting their home-court advantage, taking the lead early in the first quarter. But as witnessed last week at Coca-Cola Arena, the game quickly turned into a fierce back-and-forth. Dubai’s Danilo Andusic and Italian fan favourite Awudu Abass stepped up under pressure, narrowing the gap with swift offensive responses.

Despite Dubai Basketball fighting back and briefly gaining an advantage in the second quarter, the traveling team were unable to cement a long-lasting lead over the Dragons at their home court. A momentary six-point difference in the second quarter offered a glimpse of victory, but Cedevita’s offense came back strong, closing the advantage and overtaking the visitors.

Aleksej Nikolic of Cedevita delivered a standout performance, finishing as the top scorer of the night with 30 points. Second highest scorer of the night was Dubai Basketball’s Andusic with 23 points.

The decisive clash on Tuesday is more than just a pivotal game in the ABA League — it represents a historic opportunity for Dubai Basketball to cement its place among the best in the league. As the only team representing the Middle East, Dubai has already made a powerful statement in its debut season, with top-tier performances and a winning mentality that has captured international attention.

With every team in the league beaten at least once, a 14-game unbeaten streak, and a record-breaking performance for the most points scored in a single quarter, the team has already made history. Now, they stand on the edge of another milestone, qualification for the semifinals.


Death toll from IED blast in Pakistan’s southwest rises to four

Updated 8 min 1 sec ago
Follow

Death toll from IED blast in Pakistan’s southwest rises to four

  • Pakistan has been battling a separatist insurgency in Balochistan for decades
  • The attack comes days after four paramilitary troops were killed in the province

QUETTA: At least four people have been killed and 12 others wounded in a bomb blast in Pakistan’s turbulent southwestern province of Balochistan, a security official said Monday.

An improvised explosive device (IED) was planted in a parked car in Killa Abdullah district of Balochistan, less than 100 kilometers (60 miles) from the provincial capital of Quetta.

“It seems the IED exploded before reaching its intended destination,” a local security official, Ghulab Khan, told AFP.

“All those killed are civilian passersby,” he added.

Riaz Khan Dawar, a senior local government official, confirmed the details to AFP, adding the explosion took place close to a paramilitary compound on Sunday evening.

Pakistan has been battling a separatist insurgency in Balochistan for decades, where militants target state forces, foreign nationals, and non-locals in the mineral-rich southwestern province bordering Afghanistan and Iran.

The attack came days after four paramilitary troops were killed in the province.

The Baloch Liberation Army (BLA) is the most active group in the region and often carries out deadly attacks against security forces, but the local chapter of Daesh and the Pakistani Taliban have also claimed recent attacks.

Pakistan has witnessed a sharp rise in violence in its regions bordering Afghanistan since the Taliban returned to power in Kabul in 2021, with Islamabad accusing its western neighbor of allowing its soil to be used for attacks against Pakistan — a claim the Taliban deny.

In Balochistan, separatist violence has intensified, including a March attack by ethnic Baloch militants on a train carrying 450 passengers, which sparked a two-day siege and left dozens dead.

More than 241 people, mostly security officials, have been killed in attacks since the start of the year by armed groups fighting the government in both Khyber Pakhtunkhwa and Balochistan, according to an AFP tally.


Saudi banks’ March profits jump 27% on lending boom

Updated 17 min 34 sec ago
Follow

Saudi banks’ March profits jump 27% on lending boom

RIYADH: Saudi banks recorded a 27.1 percent year-on-year increase in net profits in March, reaching SR8.81 billion ($2.35 billion).

According to the Saudi Central Bank, also known as SAMA, this figure reflects earnings before zakat and tax.

The robust performance marks one of the strongest monthly earnings in recent years. It underscores growing confidence in the Kingdom’s banking sector amid steady economic activity and a strong pipeline of Vision 2030-related projects.

According to a January report by S&P Global Ratings, Saudi banks are expected to maintain stable profitability throughout the year. The analysis highlighted a favorable economic environment and declining interest rates as key enablers of continued credit expansion.

In particular, corporate lending is anticipated to remain the primary driver of loan growth in 2025, supported by increased construction activity, infrastructure investment, and government-led initiatives.

S&P expects lending growth to hover around 10 percent for the year, with corporate lending closely tied to Vision 2030 implementation leading the surge. Meanwhile, mortgage lending is projected to recover moderately in response to lower borrowing costs.

Saudi banks are also expected to continue leveraging international capital markets to fund growth. S&P estimated credit losses will stabilize at 50 to 60 basis points, supported by strong provisioning cushions built in recent quarters.

The March performance aligns with broader credit dynamics observed in Saudi Arabia. According to SAMA, total bank credit reached SR3.1 trillion in March, an annual increase of 16.26 percent, the highest growth in over three years.

Corporate loans accounted for 55.19 percent of the total, rising 22.3 percent year-on-year to over SR1.71 trillion.

This trend reflects a shift in Saudi lending priorities, with businesses now driving the lending landscape. The uptick in business credit signals increased private sector activity, particularly across construction, real estate, and manufacturing.

This robust banking performance aligns with the Kingdom’s broader non-oil economic momentum. According to the Riyad Bank Saudi Arabia Purchasing Managers’ Index compiled by S&P Global, the Kingdom recorded a PMI of 58.1 in March, the highest among its Middle Eastern peers and well above the 50.0 threshold, indicating expansion.

Saudi Arabia’s Ministry of Economy and Planning reported in February that non-oil activities now make up 52 percent of gross domestic product, having grown 20 percent since the launch of Vision 2030.

With the government targeting $100 billion in annual foreign direct investment by 2030, the expansion of the banking and non-oil sectors plays a critical role in attracting global capital and supporting long-term economic sustainability. As corporate activity intensifies and lending strategies evolve, Saudi banks appear well-positioned to balance growth, profitability, and resilience.


Netanyahu: Israel must prevent Gaza famine for ‘diplomatic reasons’

Updated 24 min 25 sec ago
Follow

Netanyahu: Israel must prevent Gaza famine for ‘diplomatic reasons’

  • Israel's blockade of Gaza since March 2 came under increasing international pressure to restore aid

JERUSALEM: Prime Minister Benjamin Netanyahu on Monday said it was necessary for Israel to prevent a famine in Gaza for “diplomatic reasons,” after his government announced it would allow limited food aid into the territory.
The premier’s defense of the decision to at least partially lift a more than two-month aid blockade followed criticism from far-right members of his coalition who opposed the move.
“We must not let the population (of Gaza) sink into famine, both for practical and diplomatic reasons,” Netanyahu said in a video posted to his Telegram channel, adding that even friends of Israel would not tolerate “images of mass starvation.”
Israel has said its blockade since March 2 was aimed at forcing concessions from the Palestinian militant group.
But it came under increasing international pressure to restore aid to Gaza, where UN agencies have warned of critical shortages of food, clean water, fuel and medicines.
The territory was at “critical risk of famine,” with 22 percent of the population facing an imminent humanitarian “catastrophe,” the UN- and NGO-backed Integrated Food Security Phase Classification (IPC) said this month.
Neytanyahu on Monday shrugged off criticism of the aid resumption as “natural,” calling the decision “difficult, but necessary.”


MAGRABi Retail Group acquires Kefan Optics, eyes potential IPO

Updated 1 min 25 sec ago
Follow

MAGRABi Retail Group acquires Kefan Optics, eyes potential IPO

RIYADH: Eyewear giant MAGRABi Retail Group has signed a deal to acquire Kuwait’s optical chain, Kefan Optics, as part of its strategy to expand its footprint in the Gulf market.

Known for its professional eye care services, technical expertise, and loyal customer base, Kefan Optics provides MAGRABi a strategic entry point in Kuwait’s competitive optical retail sector.

The acquisition is projected to increase MAGRABi’s top-line sales by 5 percent and boost its earnings before interest, taxes, depreciation, and amortization by more than 10 percent within the first year following integration.

In an exclusive interview with Arab News, MAGRABi CEO Yasser Taher said the deal would elevate the company’s market share in Kuwait from 5 percent to an estimated 30 percent, positioning the company as a market leader in the country’s optical retail sector.

“Kefan is a highly trusted optician in Kuwait,” said Taher, adding: “They are highly recognized as a very professional optician, they provide high-quality technical service, and the brand is associated with professional optometry ... so they come across as a great fit in terms of clientele.”

Instead of phasing out the Kefan brand, MAGRABi plans to preserve its legacy while enhancing its operations. Planned changes include a refreshed logo, redesigned stores, and a revamped customer experience, all supported by advanced omnichannel capabilities tailored to younger demographics, particularly Gen Z.

Amin Magrabi, chair of MAGRABi Retail Group, called the deal a milestone in the company’s regional expansion. “This acquisition marks another defining moment in our transformation journey. We are proud to strengthen our presence in Kuwait and reinforce our leadership in a region poised for consolidation,” he said in a press statement.

“Our goal remains clear: to lead the evolution of eye care in the Middle East,” Magrabi added.

Kefan Optics Chairman Wael Al-Subaih noted the brand’s long-standing history and welcomed the transition.

“For 47 years, Kefan Optics — a proud, family-owned business — has been at the forefront of the optics and lenses industry in Kuwait, serving its valued clients through 37 branches across the country,” he said in a press statement. 

“Today marks a significant milestone as Kefan Optics continues its journey of excellence under the Magrabi Retail Group. We celebrate this new chapter with great optimism and extend our best wishes to all involved,” Al-Subaih added.

Deal timeline and financing

Although the acquisition agreement has been signed, the deal remains subject to regulatory approvals from Kuwait’s Competition Authority and Saudi Arabia’s General Authority for Competition. Taher anticipates a formal closing by late August or early September 2025.

“There are a lot of approvals that we should be able to get,” he said. “There are also other stakeholders, including shopping malls and so on. So it’s the usual closing process of any transaction. Yet, the deal is done, and we have already assigned a signed agreement that we are presenting accordingly to authority approvals.”

Regarding the financing structure, Taher said the company follows a hybrid model.

“We would usually try to fund 70 percent from banks and 30 percent from our own equity,” he added.

IPO on the horizon

Looking ahead, MAGRABi is exploring the possibility of going public, though no formal steps have been taken yet.

“There is a strong intention to become a publicly listed company. No official approvals have been obtained from the board or the shareholders yet, we’re still working toward the plan and to be ready. The timelines are not in the immediate future,” Taher said.

Interestingly, as part of the Kefan Optics transaction, existing shareholders will have the opportunity to participate in MAGRABi’s future IPO, aligning both companies’ long-term interests.

M&A vs. organic growth

MAGRABi has been expanding through a combination of organic growth and strategic acquisitions, including its purchase of Rivoli Vision in 2024. Still, Taher emphasized that mergers and acquisitions only make sense when there are strong operational synergies.

“To have a successful M&A strategy, you must have very strong synergies to deploy; otherwise, you’re paying a very high premium for an acquisition, and you will not be able to improve results,” he said. “If that’s the case, then for sure, organic would be a better option, because M&A definitely comes at a premium.”

In Kefan Optics’ case, the synergies are clear. MAGRABi gains a well-established brand with loyal customers, while Kefan benefits from enhanced operational support.

“We chose that option because it makes financial sense for us, but strategically, we would like to be as well recognized as a local player in every market. So, if our brand is not necessarily highly recognized in this market. We would prefer to operate with a highly recognized and trusted brand in this market, which is the case in Kuwait,” Taher explained.

Sustained financial growth

Taher highlighted MAGRABi’s consistent financial performance, with the company targeting a 15-20 percent compound annual growth rate — and achieving it. In 2024, organic growth reached 14-15 percent compared to 2023.

When including the impact of the Rivoli Vision acquisition, net sales and EBITDA each rose by 43 percent year over year.

The company’s mainstream brand, Doctor M, also saw a 70 percent increase in sales, while online sales grew 25 percent during the same period.

“The big growth drivers remain our M&A,” Taher noted. “The introduction of Rivoli Vision as part of the MAGRABi Retail Group, also our mainstream banner, Doctor M, is a very big contributor. We’ve also been able to grow our online business by 25 percent year over year.”

Elevating the brand

MAGRABi intends to apply its retail expertise and backend capabilities — such as procurement, supply chain logistics, lens manufacturing, and retail analytics — to optimize Kefan Optics’ performance.

“We can definitely modernize the brand,” Taher explained. “Our intention is to keep the brand but evolve it into a premium and more appealing modern brand. We will refresh the brand, create a more appealing positioning, push the brand a bit more into the premium segment, and rebrand the logo and stores.”

He also pointed to the benefits of incorporating MAGRABi’s central glazing lab and digital retail tools to improve operational efficiency and enhance customer service.

Omnichannel strategy and future plans

As part of its growth strategy, MAGRABi aims to become a leading omnichannel retailer in the Middle East, investing in technology, customer experience, and product innovation.

“The objective is to really become one of the best omnichannel retailers in the Middle East, across all categories,” Taher said. “We’re investing a lot on tech and new customer experience, new services, new product ranges. It’s a fully empowered proposition.”

The company is also actively pursuing further acquisitions across the region.

“M&A is a key pillar of our growth. We are active, and we have a pipeline that we’re working on, and we’re extremely excited about being able to deploy our capabilities across more and more banners, in different markets,” Taher confirmed.

With the Kefan Optics acquisition and IPO plans in motion, MAGRABi is positioning itself as the dominant force in the region’s optical retail sector.

As Taher concluded: “It will be a very proud moment for us to take a brand that is highly trusted, like this in Kuwait, highly recognized in Kuwait, and evolve it to the next level and modernize it.”