Russia: Hypersonic missiles used to destroy weapons depot in western Ukraine

Above, an airman examines MiG-31K fighter of the Russian air force carrying a Kinzhal hypersonic cruise missile on Feb. 19, 2022. (Russian Defence Ministry/AFP)
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Updated 19 March 2022
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Russia: Hypersonic missiles used to destroy weapons depot in western Ukraine

  • First use of the Kinzhal hypersonic weapons for ‘special military operation’ in pro-Western Ukraine

MOSCOW: Russia used its newest Kinzhal hypersonic missiles for the first time in Ukraine on Friday to destroy a weapons storage site in the country’s west, the defense ministry said.
“The Kinzhal aviation missile system with hypersonic aeroballistic missiles destroyed a large underground warehouse containing missiles and aviation ammunition” in the village of Deliatyn in the Ivano-Frankivsk region,” the Russian defense ministry said Saturday.
State news agency RIA Novosti said it was the first use of the Kinzhal hypersonic weapons during what Moscow calls a “special military operation” in pro-Western Ukraine.


Pakistan’s stock market gained 87% during 2024 with transport, pharmaceuticals top-performing sectors — report

Updated 24 min 50 sec ago
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Pakistan’s stock market gained 87% during 2024 with transport, pharmaceuticals top-performing sectors — report

  • Analysts attribute stock market’s strong performance to sharp rate cuts, strengthening rupee and disbursement of IMF loan
  • Pakistan’s central bank slashed key policy rate by 200 basis points to 13% on Dec. 16, making it fifth straight reduction since June

ISLAMABAD: The KSE-100 index of the Pakistan Stock Exchange (PSX) recorded an impressive 85% gain in Pakistani rupees and 87% in US dollars during 2024, a report by the country’s top brokerage house said this week, listing pharmaceuticals, jute and transport among the top-performing sectors of the market.
Pakistan’s stock market has enjoyed gains and bullish trends since the past two months. Financial analysts have attributed the stock market’s bullish trend to drastic cuts in key policy rate, strengthening of the rupee and economic gains triggered by Islamabad signing a $7 billion loan with the International Monetary Fund (IMF) this year.
Pakistan’s central bank cut its key policy rate by 200 basis points to 13% on Dec. 16, making it the fifth straight reduction since June, as the country keeps up efforts to revive a sluggish economy with inflation on the decline as per official figures.
According to a yearly market review by Topline Securities on Tuesday, the market capitalization of companies listed at the Pakistan Stock Exchange (PSX) increased by 61% to reach Rs14.6 trillion this year.
“Benchmark KSE 100 Index jumped 85% in PKR (87% in USD) in 2024, with only one trading session left,” the report said. “Market value (market capitalization) of listed companies at PSX also increased by 61% to reach Rs14.6trn.”
The report pointed out that pharmaceuticals, jute and transport were the best performing sectors in 2024 as their market cap increased by 198%, 182% and 130% respectively. On the other hand, chemicals, modarabas, and textile weaving sectors remained the worst performing sectors that posted declines of 54%, 33% and 2%, respectively in 2024.
Raza Jafri, the head of equity at Intermarket Securities, told Arab News that the gains enjoyed by the PSX made it one of the “best-performing equity markets in the world.”
He highlighted that the Pakistan stock market’s gains outpaced those of the Morgan Stanley Capital International Emerging Markets Index and the Morgan Stanley Capital International Frontier Markets Index, which gained only around five percent in 2024.
“Macro stabilization, which reflected in sharp interest rate cuts and a stable Pakistani rupee, enabled equity market valuations in Pakistan to bounce back from record lows,” Jafri told Arab News on Wednesday.
Meanwhile, Arif Habib Commodities CEO Ahsan Mehanti said the PSX outperformed other stock markets due to the central bank’s key policy rate, robust economic indicators and the successful disbursement of the new IMF program.
“Government bond yields fell by over an unprecedented 1100bps during the year inviting institutional interest in equities,” he said. “Fall in global crude oil prices reduced import bill by up to $5 billion and helped CPI inflation to fall below five percent resulting in current account surplus and rupee stability.”
According to Topline Securities, the best-performing stocks in Pakistan were GlaxoSmithKline Pakistan (GLAXO), which recorded a 385% increase; Air Link Communication (AIRLINK), which gained 268%; Sazgar Engineering (SAZEW), which gained 252 percent; Fauji Fertilizer Company (FFC), which rose 246 percent; and Mari Petroleum Company (MARI), which gained 220 percent.
It added that the top performers among all listed stocks in 2024 were Ali Asghar Textile Mills (AATM), which gained 2,774%; Khalid Siraj Textile Mills (KSTM), which rose by 1,156%, Thatta Cement Company (THCCL), whose share price soared by 1,027%; and Dewan Automotive Engineering (DWAE), which surged by 1,073%.
Pakistan’s Prime Minister Shehbaz Sharif also expressed his happiness over the Pakistani stock market’s performance in a post on social media platform X.


“Alhamdolilah! What great news to end the year on!” he wrote on Wednesday.


Mother’s fight for education breaks disability stigma in rural Bangladesh

Updated 34 min 10 sec ago
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Mother’s fight for education breaks disability stigma in rural Bangladesh

  • Rikta Akter Banu is featured on BBC’s 2024 list of 100 inspiring women
  • She founded Rikta Akter Banu Learning Disability School in Kurigram in 2010

DHAKA: After three years of struggling to enroll her autistic daughter in a local school, Rikta Akter Banu had had enough. Refusing to accept the constant rejections, she decided to build her own school instead.

It all started in 2007, when Bristi Moni, now 23, was going to start her education. Having also cerebral palsy, which sometimes causes drooling, she was rejected by primary school teachers.

“When I first tried to admit Moni in 2007, I was told that children with special needs are not enrolled in general schools. But Moni was very eager to attend school. I tried again the following year, but once again my attempt failed,” Banu, a senior nurse, told Arab News.

She then traveled to Dhaka to the Ministry of Education and learned that every primary school had a quota to admit five children with disabilities. She cited the rule as she approached her local school again.

But despite the government rule, the authorities had not equipped the schools with the logistics and human resources needed to care for children with disabilities and she was requested to provide an attendant for her daughter. For some time, one of Moni’s friends, also a student, would help but the arrangement was not sustainable.

In 2009, Banu started building a school on her own.

“I was not ready to give up,” she said. “My husband donated a piece of ancestral land to build the school. To help with the construction, I sold a piece of land that I had inherited from my father. In total, it cost me around $8,000 to build the school.”

In 2010, the Rikta Akhter Banu Learning Disability School in Chilmari, Kurigram district opened its doors to the first batch of students.

Initially built for children who are autistic or have a learning disability, it now enrolls 300 students with different intellectual and physical disabilities.

“We teach the students various sign languages, body language, sports, music, sewing, and more. In addition, we provide them with primary health care, meals, and other services. We offer education up to grade 5,” Banu said.

“Our school is registered with the Department of Social Welfare, and as such, our curriculum is also approved by the authorities. A total of 21 teachers and support staff work at our school, with a portion of their salaries paid by the government.”

About 4.3 million Bangladeshis live with different types of disabilities. More than 50 percent of them have not received any kind of education.

The 2021 National Survey on Persons with Disabilities shows that only 23 percent of them have completed primary school.

Banu strives to expand the reach of her school. To run the institution, she spends about $2,500. As government support is limited, much of the amount comes from her own savings, contributions from teachers, and external donors.

“I dream of running a school with residential arrangements for all children with disabilities, so that children from distant areas can enroll here. Sometimes, family members hide these children away at home,” she said.

“My dream is that these children will receive an education and life skills while staying here, and find good livelihood opportunities with dignity. I hope the reputation of this school will spread across the country and around the world, so that many others will come forward to support learning opportunities for children with disabilities. They need cooperation and support, not sympathy.”

Last month, the Rikta Akhter Banu Learning Disability School was recognized for making a “positive impact on the community’s views around disability,” as Banu featured on the BBC’s 2024 list of 100 inspiring women.

It is also recognized at home but needs more support to flourish.

“Her school has become a symbol of possibility, showcasing how local solutions can address systemic challenges. Rikta’s work has not only provided education to children with disabilities but also changed perceptions within her community, fostering greater acceptance and understanding,” said Safi Rahman Khan, director of education, skills development and migration at Bangladesh’s largest development organization, BRAC.

“Her work is a testament to the power of inclusion and a call to action for us all to invest in initiatives that promote accessibility, opportunity, and respect for every individual. By supporting leaders like Rikta, we can create a future where no child is left behind, and every person can contribute to a more equitable and compassionate society.”


Heritage in hand: ‘Year of Handicrafts’ honors Saudi Arabia’s cultural legacy, artisans

Updated 30 min 9 sec ago
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Heritage in hand: ‘Year of Handicrafts’ honors Saudi Arabia’s cultural legacy, artisans

  • Saudi women’s craft in Northern Borders region links past to present

RIYADH: Handicrafts have long held a special place in Saudi Arabia’s cultural fabric, representing a prosperous heritage passed down through generations.

Rooted in the creativity and skill of Saudi artisans of both sexes, these traditional crafts symbolize the nation’s ingenuity and resilience while highlighting its diverse cultural identity.

Throughout 2025, the Saudi Ministry of Culture will organize an array of events, exhibitions, educational programs and competitions under the banner of “Year of Handicrafts,” the Saudi Press Agency reported.

These activities aim to emphasize the cultural and historical significance of handicrafts while supporting their relevance in modern life.

Minister of Culture Prince Badr bin Abdullah bin Farhan said: “Saudi handicrafts reflect the creativity of Saudi society through weaving, handmade artifacts and artistic innovations passed down through generations.”

The initiative seeks to foster appreciation for traditional arts and encourage their continued practice and preservation. “Among these are pottery, traditional clothing, ceramic utensils, leatherwork, copperwork, tailoring, dyeing, blacksmithing, gold and jewelry crafting, and other handmade creations by Saudi artisans,” he said.

The Ministry of Culture aims to elevate Saudi handicrafts locally and internationally, empowering artisans and boosting their contribution to the economy. This will be achieved through events organized with partners to highlight the cultural, historical and economic importance of handicrafts.

Through partnerships across the public, private and non-profit sectors, the Year of Handicrafts will cultivate sustainable practices, foster innovation and contribute to cultural dialogue.

In Saudi Arabia’s Northern Borders region, women play a pivotal role in preserving these traditional arts.

Handicrafts are passed down through generations and traditionally inherited by women, and are intricately connected to the region’s natural environment, as reported by the Saudi Press Agency.

Most notable are Sadu, tent and textile making and embroidered handicrafts, some of which may take 10 continuous days to make.

With these handicrafts, women record a strong presence at national events and festivals, in the region and beyond, the report said.

The traditional market in Arar, which opened more than 10 years ago, supports many elderly craftswomen and their granddaughters, allocating them places to display their products and handicrafts.

The market, in addition to Al-Khozama Hall, has emerged as an important heritage destination that offers families specialized courses on buying and selling, saving money and e-marketing.

Several craftswomen said that they inherited their craft from their mothers and passed them on to their granddaughters, especially since marketing these products to many people in the region also created economic opportunities, SPA reported.

Meanwhile, the Royal Institute of Traditional Arts in Riyadh will launch the Wrth Community initiative on Saturday, marking the beginning of its year-long celebration of the “Year of Handicrafts.”

The initiative will feature a series of meetings and dialogues with leading figures in the field, as well as educational workshops. The initiative seeks to revitalize and modernize traditional handicrafts by incorporating contemporary design and technologies, fostering collaboration among institutions and the local community, and highlighting the crucial role of traditional arts in preserving cultural identity.

The initiative will also help individuals to use these arts in innovative ways through specialized training, the SPA reported.

It covers a diverse range of areas — education, handicrafts and entrepreneurship — and features dialogue sessions, providing a platform for skill development, experience exchange and the fostering of creativity and innovation.


Chinese delivery app Keeta launches in Jeddah with exclusive offers

Updated 42 min 56 sec ago
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Chinese delivery app Keeta launches in Jeddah with exclusive offers

Keeta, the international subsidiary of Meituan, China’s on-demand delivery giant, announced today its highly anticipated launch in Jeddah, introducing new benefits to the city’s bustling delivery market. With Keeta, residents can now enjoy free delivery on orders without any subscription fees, along with an exclusive delivery offer for McDonald’s and a SR100 ($26.6) voucher. 

Building on its reputation as a leader in the delivery space, Keeta partners with over 13,000 restaurants, from beloved local eateries to global chains. Customers can order from iconic names such as KFC, Hardees, Dominos, Starbucks, Al-Tazaj, Dunkin, Herfy, Baskin Robbins, Al-Romansiah, Deep Fries, Shawarma Alrimal, and N9 Darzan. To support this extensive network, Keeta has registered more than 15,000 riders, ensuring seamless deliveries. Both partner and rider numbers continue to grow rapidly, reflecting Keeta’s commitment to excellence.

Jeddah’s vibrant economy and growing demand for efficient delivery services underscore the importance of this expansion. With a thriving population and an increasing reliance on digital platforms, the city is poised to benefit from Keeta’s innovative approach to delivery.

“Our launch in Jeddah marks a significant milestone for Keeta as we continue to grow our presence in the Kingdom,” said Keeta’s CEO and VP of International Business at Meituan Tony Qiu. “Aligned with Vision 2030, we aim to empower local businesses and enhance the quality of life for residents. We’re thrilled to bring our industry-leading services to one of Saudi Arabia’s most dynamic cities.”

Keeta’s value proposition focuses on affordability, offering unlimited free delivery with no subscription fees, a dependable on-time delivery guarantee, and a wide selection of restaurants and cuisines. The platform aims to deliver an exceptional food delivery experience tailored to customer needs. As Keeta expands across Saudi Arabia, it remains dedicated to transforming the food delivery industry and supporting the Kingdom’s economic growth.


KSrelief continues aid projects in Yemen, Gaza

Updated 52 min 22 sec ago
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KSrelief continues aid projects in Yemen, Gaza

  • The project aims to improve services and promote hygiene among those affected by the humanitarian crisis

RIYADH: Saudi Arabia’s aid agency KSrelief has signed an agreement with a civil society organization to implement a $359,000 water and sanitation project in Yemen’s Hodeidah governorate. 

The project aims to improve services and promote hygiene among those affected by the humanitarian crisis, the Saudi Press Agency reported recently.

It includes the distribution of personal hygiene kits, toilet cleaning supplies, and the installation of 20 mobile toilets. Access to safe drinking water for domestic use will also be ensured, benefiting 131,662 individuals.

Ahmed Al-Baiz, assistant supervisor general of operations and programs at KSrelief, signed the agreement in Riyadh. 

Meanwhile, KSrelief distributed 2,100 shelter kits to support residents and displaced families in northern Gaza, benefiting 21,000 people.

This aid comes amid a large influx of displaced people due to ongoing Israeli military operations in northern Gaza for over two months, the SPA added. 

KSrelief’s executive partner in Gaza, the Saudi Center for Culture and Heritage, has begun distributing the aid packages to alleviate suffering during the severe cold and ongoing siege.

The kits include blankets, mattresses, cooking utensils, and water containers to help families cope with the harsh conditions.

The distribution is expected to continue in the coming days, reaching thousands more displaced and needy families in Gaza, the SPA reported.