BEIJING: French President Emmanuel Macron said on Thursday he was counting on his Chinese counterpart Xi Jinping to “bring Russia to its senses” over its war in Ukraine.
The French president, who arrived on Wednesday for a three-day state visit, has made clear he is seeking to dissuade China from supporting Russia’s invasion of its neighbor.
“I know I can count on you to bring Russia to its senses and everyone to the negotiating table,” the French head of state told Xi during a bilateral meeting in Beijing.
And in a joint statement following those talks, the two leaders reaffirmed their call for peace talks between Kyiv and Moscow “as soon as possible.”
The two sides also reaffirmed their opposition to the use of nuclear weapons during the conflict.
To coincide with their meeting, Chinese state broadcaster CCTV released a report in which Xi hailed China’s “positive and steady” ties with France as the world undergoes “profound historical changes.”
Macron has said during his trip that Beijing can play a “major role” in finding a path to peace in the conflict and welcomed China’s “willingness to commit to a resolution.”
His visit to China — his first since 2019 — comes as Western pressure mounts on Beijing to help push for peace in Ukraine.
Though Beijing is officially neutral, Xi has never condemned the Russian invasion.
While he recently went to Moscow to reaffirm his alliance with Vladimir Putin — framed as an anti-Western front — Xi has not spoken on the phone with Ukrainian President Volodymyr Zelensky.
Macron, who is accompanied on his visit by European Commission chief Ursula von der Leyen, said he wants to “be a voice that unites Europe” over Ukraine, and that coming to China with her serves to “underline the consistency of this approach.”
In a Thursday morning meeting with Chinese Premier Li Qiang at the Great Hall of the People, Macron stressed the importance of dialogue between China and France “in these troubled times.”
“The ability to share a common analysis and build a common path is essential,” he said.
And in a separate meeting with Li, von der Leyen told the premier that relations between the EU and China had grown “complex in recent years.”
“It is important that we discuss all aspects of this relationship together today,” she said, especially in the current “volatile geopolitical environment.”
Following Macron’s talks with Xi, the pair will give statements to the press, followed by a meeting with von der Leyen and then a state dinner.
Macron will travel to Guangzhou in southern China to meet students on Friday, taking with him a broad delegation of top politicians, business leaders and even celebrities, including composer Jean-Michel Jarre.
Macron appeals to China’s Xi to ‘bring Russia to its senses’
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Macron appeals to China’s Xi to ‘bring Russia to its senses’
- French president Emmanuel Macron: ‘We need to find a lasting peace’
- China is the biggest buyer of Russian oil and gas, which helps prop up the Kremlin’s revenue in the face of Western sanctions
Netanyahu says Israel will continue to act against the Houthis
“Just as we acted forcefully against the terrorist arms of Iran’s axis of evil, so we will act against the Houthis,” he said in a video statement a day after a missile fired from Yemen fell in the Tel Aviv area, causing a number of mild injuries.
On Thursday, Israeli jets launched a series of strikes against energy and port infrastructure in Yemen in a move officials said was a response to hundreds of missile and drone attacks launched by the Houthis since the start of the Gaza war 14 months ago.
On Saturday, the US military said it conducted precision airstrikes against a missile storage facility and a command-and-control facility operated by Houthis in Yemen’s capital, Sanaa.
Netanyahu, strengthened at home by the Israeli military’s campaign against Iran-backed Hezbollah forces in southern Lebanon and by its destruction of most of the Syrian army’s strategic weapons, said Israel would act with the United States.
“Therefore, we will act with strength, determination and sophistication. I tell you that even if it takes time, the result will be the same,” he said.
The Houthis have launched repeated attacks on international shipping in waters near Yemen since November 2023, in support of the Palestinians over Israel’s war with Hamas.
Diriyah Co. partners with Saudi cybersecurity federation to bolster digital infrastructure
- Under the agreement, Diriyah Co. will join BugBounty, the Middle East’s first cybersecurity research platform
RIYADH: The Diriyah Co. signed a memorandum of understanding with the Saudi Federation for Cybersecurity, Programming, and Drones, known as SAFCSP, on Sunday to strengthen the digital security of Diriyah city, the Saudi Press Agency reported.
The partnership will enhance cybersecurity measures and safeguard the city’s digital infrastructure as it continues to evolve into a modern hub of culture and heritage, SPA added.
Under the agreement, Diriyah Co. will join BugBounty, the Middle East’s first cybersecurity research platform.
BugBounty uses the expertise of cybersecurity specialists to identify and address software vulnerabilities, which will allow Diriyah Co. and SAFCSP to implement strategies to mitigate potential digital threats.
To further support this, SAFCSP will provide specialized training programs to Diriyah Co. employees, equipping them with cybersecurity skills and raising awareness about the importance of digital security.
The MoU will grant the company access to SAFCSP’s database of professionals, facilitating the recruitment of cybersecurity talent. The partnership also enables the design of tailored assessments to evaluate candidates’ suitability for cybersecurity roles. In addition, outstanding students with relevant certifications will be identified for potential training opportunities.
Speaking about the collaboration, Jerry Inzerillo, group CEO of Diriyah Co., said:
“This MoU aligns with Diriyah’s commitment to realizing Saudi Vision 2030, marking a crucial step toward creating a secure and sustainable digital future for Diriyah. Our collaboration with government and private sectors, especially the Saudi Federation for Cybersecurity, Programming, and Drones, is essential for empowering the next generation in advanced technology, driving cultural and economic growth.”
The partnership will also involve joint cybersecurity projects, including conferences, workshops, and public awareness initiatives aimed at fostering a culture of digital security.
Saudi Arabia hosts first Council of Arab Ministers of Cybersecurity in Riyadh
- Arab League established body following proposal from Saudi Arabia
- Aim is to enhance collaboration among Arab nations
RIYADH: Saudi Arabia is hosting the first meeting of the Council of Arab Ministers of Cybersecurity in Riyadh on Monday, featuring officials and experts from a variety of Arab League countries.
The Secretary-General of the Arab League Ahmed Aboul Gheit will participate in the meeting to discuss cooperation in cybersecurity and joint cyber frameworks, the Saudi Press Agency reported.
The Arab League established the council in September 2023 following a proposal from Saudi Arabia to consolidate Arab efforts in the sector due to increasing cyber threats and computer-related attacks.
The Saudi National Cybersecurity Authority is hosting the event. Established in 2017, the body aims to protect Saudi national security and interests from cyber breaches and attacks.
The Riyadh meeting’s primary objective is to enhance collaboration among Arab nations on all cybersecurity-related matters.
It also aims to function as a platform for exchanging expertise and creating a reliable Arab cyberspace that enables growth and prosperity for all member states of the Arab League.
Pakistani naval ships visit Kuwait and Iraq, conduct joint exercises in Arabian Gulf
- Pakistan regularly holds joint exercises with allies to increase synergy and deter piracy, drug trafficking and other illicit activities
- The visit of Pakistan Navy flotilla to Kuwait and Iraq will further enhance the existing diplomatic and naval relations, the military says
ISLAMABAD: Pakistani naval ships have visited Kuwaiti and Iraqi ports to conduct joint exercises with both navies in the Arabian Gulf, the Pakistani military said on Sunday, adding the visits would enhance existing relations.
Pakistan Navy Ships (PNS) Rasadgar and Azmat visited the Kuwaiti port of Al-Shuwaikh, while Pakistan Maritime Security Agency (PMSA) ship Dasht visited the Iraqi port of Umm Qasr, according to the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing.
On arrival at both ports, Pakistani diplomatic and host naval officials warmly welcomed the Pakistan Navy ships and the mission commander, along with commanding officers of the ships, held meetings with the naval leadership of both countries.
“Later, naval exercises were also conducted together with Kuwaiti and Iraqi navy ships,” the ISPR said in a statement. “The exercises were aimed at improving mutual cooperation between the navies and developing the capacity for joint operations.”
During the meetings, naval officials discussed matters of mutual interest, cooperation in maritime security and communication, according to the statement.
“The visit of Pakistan Navy flotilla to Kuwait and Iraq will further enhance the existing diplomatic and naval relations with friendly countries,” it read.
Pakistan Navy regularly collaborates and holds joint military exercises with allies to increase synergy, promote regional peace and stability and deter piracy, drug trafficking and other illicit maritime activities.
This month, Pakistan Navy conducted joint naval exercises and drills with Royal Oman ship ‘Alseeb.’ The bilateral naval exercise, “Samar Al-Tayeb,” is conducted regularly between the navies of the two nations.
In July, Pakistan Navy also assumed command of a multinational task force responsible for ensuring maritime security in the southeastern waters of the Middle East, operating in the Arabian Sea, Gulf of Oman and Gulf of Aden.
Closing Bell: Saudi main index slips to close at 11,849
- Parallel market Nomu lost 205.92 points, or 0.65%, to close at 31,238.29
- MSCI Tadawul Index shed 4.86 points, or 0.33%, to close at 1,484.56
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 43.07 points, or 0.36 percent, to close at 11,849.37.
The total trading turnover of the benchmark index was SR4.14 billion ($1.1 million), as 84 of the stocks advanced and 137 retreated.
The Kingdom’s parallel market Nomu lost 205.92 points, or 0.65 percent, to close at 31,238.29. This comes as 37 of the listed stocks advanced while 49 retreated.
The MSCI Tadawul Index also lost 4.86 points, or 0.33 percent, to close at 1,484.56.
The best-performing stock of the day was Saudi Vitrified Clay Pipes Co., whose share price surged 9.89 percent to SR38.90.
Other top performers included SHL Finance Co., whose share price rose 6.43 percent to SR18.20, as well as Taiba Investments Co., whose share price surged 4.97 percent to SR39.05.
Riyadh Cables Group Co. recorded the biggest drop, falling 6.30 percent to SR136.80.
Al Hassan Ghazi Ibrahim Shaker Co. saw its stock prices fall 5.15 percent to SR26.70.
Dr. Sulaiman Al Habib Medical Services Group also saw its stock prices decline 4.02 percent to SR286.60.
Meanwhile, Al-Baha Investment and Development Co. has announced moving its headquarters to Riyadh.
The company’s shares will be suspended for two business days starting Dec. 22, following the board of directors’ recommendation to reduce capital by 26.5 percent from SR 297 million to SR 218.3 million during an extraordinary general meeting held on Dec. 19.
The National Agricultural Development Co. has announced the release of its Sustainability and Environmental, Social, and Governance report.
According to a Tadawul statement, it outlines the company’s approach to embedding sustainability criteria within its strategic direction and operations as well. It reflects the firm’s commitment to its ESG responsibilities along with its devotion to sustainable development objectives in line with the Global Reporting Initiative standards.
NADEC’s strategy complements the requirements for economic growth, keeps pace with developments in the Kingdom, and aligns with Vision 2030, which emphasizes environmental sustainability and renewable energy as fundamental components of development.
The analysis further provides a comprehensive insight into NADEC’s sustainability initiatives and commitments for the year 2023. The statement also disclosed that NADEC will periodically issue reports to keep stakeholders informed of ongoing developments going forward.
NADEC ended the session at SR25.50, up 0.98 percent.
Alhasoob Co. has announced the termination of the non-binding memorandum of understanding to acquire all shares of Alkhorayef Printing Solutions Co. by issuing shares to its owner Alkhorayef Group Co.
A bourse filing revealed that this comes without reaching an agreement between the two parties and without any obligation on either party.
Alhasoob Co. ended the session at SR64.20, down 3.07 percent.
Saudi Basic Industries Corporation has announced the board decision to distribute SR5.1 billion in interim cash dividends to shareholders for the second half of the year.
According to a Tadawul statement, the total number of shares eligible for dividends amounted to 3 billion shares, with the dividend per share standing at SR1.70. The statement also revealed that the percentage of dividend to the share par value stood at 17 percent.
SABIC ended the session at SR67.00, up 0.30 percent.
