Young Indian entrepreneurs seek ‘strategic alliances’ with Saudi Arabia at G20 meet

Young Indian entrepreneurs pose with Prince Fahad bin Mansour, the chair of the Saudi Entrepreneurship Vision, in Riyadh, May 11, 2023. (Entrepreneurship Vision)
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Updated 13 July 2023
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Young Indian entrepreneurs seek ‘strategic alliances’ with Saudi Arabia at G20 meet

  • G20 Young Entrepreneurs Alliance Summit in Delhi from July 13-15
  • Prince Fahad bin Mansour is leading the Kingdom’s delegation

NEW DELHI: Indian startups will pursue new alliances with Saudi Arabia, their representatives said on Thursday, as the Kingdom’s delegation arrived in New Delhi for the G20 Young Entrepreneurs Alliance Summit.

The summit from July 13 to 15 will see hundreds of young entrepreneurs from the G20 member nations sharing their experiences and best practices.

It is hosted by Young Indians, a group of young businessmen who are part of the Confederation of Indian Industry.

The Saudi delegation is led by Prince Fahad bin Mansour, the chair of the board of directors of the Saudi Entrepreneurship Vision and president of the Saudi G20 Young Entrepreneurs Alliance.

The prince also represented the Kingdom earlier this month during the summit of the Startup20 — an engagement group, which was initiated under India’s G20 presidency to help implement policies supporting the global startup ecosystem.

With about 60 delegates, the Saudi team is a key player at the Young Entrepreneurs Alliance meeting.

“Saudi is the key player,” Young Indians vice chairman Tarang Khurana told Arab News. 

 

“We have Invest Saudi, NEOM and MISA (the Saudi Ministry of Investment) who are our strategic partners for the event. And Prince Fahad is obviously a patron of the summit.”

The Saudi delegates, he said, are “heavily involved with the startup curation culture” and are likely to “take it across the borders and bring it to India as well.”

Over the last decade, the Indian startup ecosystem has grown rapidly and since the launch of the Startup India initiative in 2016, the Indian Ministry of Commerce and Industry has recognized more than 92,600 entities as startups.

The government expects the number to grow 12 to 15 percent annually, but they also need investment and international collaborations, which they are expecting to foster during the meeting of young entrepreneurs.

“We will also exclusively ensure that there is a lot of delegate networking and potential for businesses to come through, because the focus of this summit is to build an entrepreneurial system, to engage, explore opportunities,” Khurana said. “Lots of strategic alliances are happening over here.”

Vishal Kumar Agarwalla, also a vice chairman of Young Indians, said he expects that relationship building between businesses would reach the next level and that a dedicated forum would be established for them during the summit.

“We want to find a way that a Saudi-India investment forum to be launched. That is on the policy level. On the entrepreneurship level, we want to make sure entrepreneurs from each country find partners in each other’s country, so that they can grow together,” he said.

“The trust has been built already.”

In recent months, there have been numerous exchanges between Saudi and Indian startups and in May a group of 25 young Indian entrepreneurs visited Saudi Arabia on Prince Fahad’s invitation to exchange know-how and views.

Faheem Al-Hamid, senior adviser to the Saudi G20 delegation, told Arab News he was optimistic about the future of cooperation between them.

“The potential is very huge, especially with the vast entrepreneurial culture in India,” he said.

“Saudi Arabia is also leveraging the entrepreneurship culture ... We can learn from each other and our experiences.”


Baroness Warsi accuses UK Conservative Party of demonizing her over Islamophobia claims

Updated 4 sec ago
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Baroness Warsi accuses UK Conservative Party of demonizing her over Islamophobia claims

  • Party recently told Warsi she would not have whip restored in UK’s upper house of parliament
  • Internal inquiry clears Warsi of ‘bringing the party into disrepute’ over support for pro-Palestinian protester

LONDON: The UK’s first Muslim cabinet member has accused her Conservative Party of attempting to “demonize” her after she criticized the party over Islamophobia.

Baroness Sayeeda Warsi was told recently she was not welcome back into the Conservative Party in the UK’s upper house of parliament, where she holds a seat, The Independent reported on Wednesday.

Warsi resigned from the party in the House of Lords in September, claiming the Conservatives had moved too far to the right.

The former co-chair of the Conservative Party had also come under pressure from senior party members over language used in a tweet supporting a pro-Palestinian protester.

Warsi has now been cleared of being “divisive” and “bringing the party into disrepute” by a disciplinary panel investigating the tweet.

But the Conservatives wrote to Warsi saying that while she could remain a member of the party, they would not restore to her the party whip, meaning she could not be affiliated with the party in the Lords.

In response, Warsi said she had not asked to have the whip restored, and accused the Conservatives of playing games.

She told The Independent that the party was attempting to “demonize” her for challenging the party’s “rising levels of extremism, racism and Islamophobia.”

Warsi was appointed as the first Muslim Conservative Party chair in 2010 by Prime Minister David Cameron as he sought to modernize the party. 

But in recent years the Conservatives have shifted further right as they seek to counter the growing popularity of far-right parties. 

In March, Warsi said the party had become known as “the institutionally xenophobic and racist party.” She has also repeatedly accused it of failing to tackle Islamophobia within the party and criticized significant figures for their rhetoric over immigration.

In 2014, she resigned as a minister in the Foreign and Commonwealth Office over the government’s “morally indefensible” approach to Gaza.

Warsi’s decision to resign the whip in September was, she said: “A reflection of how far right my party has moved and the hypocrisy and double standards in its treatment of different communities.”

The move came after complaints against her for a tweet congratulating a pro-Palestinian protester acquitted of a racially aggravated public order offense. The protester had used a placard depicting Rishi Sunak, who was prime minister at the time, as a coconut.

 


Poland shuts consulate in Saint Petersburg on Russian order

Updated 08 January 2025
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Poland shuts consulate in Saint Petersburg on Russian order

  • Russia ordered the closure in December after Poland said in October it was closing Russia’s consulate in the Polish city of Poznan
  • “The Polish Consulate General in Saint Petersburg was shut down upon Russia’s withdrawal of its consent to the activity of the Polish post,” Poland’s foreign ministry said

WARSAW: Poland announced Wednesday it had shut its consulate in the Russian city of Saint Petersburg, after Russia ordered the closure in a tit-for-tat move.
Russia ordered the closure in December after Poland said in October it was closing Russia’s consulate in the Polish city of Poznan, accusing Moscow of “sabotage” attempts in the country and its allies.
“The Polish Consulate General in Saint Petersburg was shut down upon Russia’s withdrawal of its consent to the activity of the Polish post,” Poland’s foreign ministry said in a statement Wednesday.
“It is in retaliation for a decision of the Polish foreign minister to close down Russia’s Consulate General in Poznan in the aftermath of acts of sabotage committed on Polish territory and linked to Russian authorities.”
After Russia ordered the closure, Poland responded that it would close all the Russian consulates on its soil if “terrorism” it blamed on Moscow carried on.
Tensions between Russia and NATO member Poland have escalated since Moscow sent troops into Ukraine in February 2022, with both sides expelling dozens of diplomats.
Poland is a staunch ally of Kyiv and has been a key transit point for Western arms heading to the embattled country since the conflict began.
In one of the largest espionage trials, Poland in 2023 convicted 14 citizens of Russia, Belarus and Ukraine of preparing sabotage on behalf of Moscow as part of a spy ring.
They were found guilty of preparing to derail trains carrying aid to Ukraine, and monitoring military facilities and critical infrastructure in the country.


2 Russian firefighters died in blaze caused by Ukraine drone: governor

Updated 08 January 2025
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2 Russian firefighters died in blaze caused by Ukraine drone: governor

  • “As a result of the liquidation (of the fire), there are two dead,” said the governor of Saratov region

MOSCOW: Two Russian firefighters died on Wednesday fighting a blaze caused by a Ukrainian drone attack, the local governor said, after Kyiv said it hit an oil depot that supplies Russia’s air force.
“Unfortunately, as a result of the liquidation (of the fire), there are two dead — employees of the emergency situations ministry’s fire department,” Roman Busagrin, governor of the Saratov region where the strike happened, said on Telegram.


UK police investigating suspicious vehicle in central London, carry out controlled explosions

British police carried out a number of controlled explosions as a precaution in central London as they investigated vehicle.
Updated 08 January 2025
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UK police investigating suspicious vehicle in central London, carry out controlled explosions

  • Road closures are in place in the vicinity of Regent Street and New Burlington Street in central London, police said on X

LONDON: British police carried out a number of controlled explosions as a precaution in central London as they investigated a suspicious vehicle on Wednesday, the city’s police force said on social media.
Road closures are in place in the vicinity of Regent Street and New Burlington Street in central London, police said on X.


Sri Lanka vows crackdown on illegal activities by Israeli tourists

People enjoy the beach in Colombo, Sri Lanka. (File/AFP)
Updated 08 January 2025
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Sri Lanka vows crackdown on illegal activities by Israeli tourists

  • Government reacts to complaints over emergence of Israeli-run businesses and place of worship in Arugam Bay
  • Last month, Sri Lankan civil groups demanded screenings of Israeli visitors to keep out potential war criminals

COLOMBO: Sri Lanka will crack down on reported illegal activities carried out by Israeli tourists, its prime minister said on Wednesday, following a series of complaints since last year regarding their arrivals in the country.

A total of 25,514 Israelis visited Sri Lanka in 2024, according to government data. One of their favorite destinations is Arugam Bay, a small town on the southeastern coast, which is widely recognized as one of the world’s best surfing spots.

The predominantly Muslim region made international headlines in October last year, when US and Israeli authorities warned visitors of what they said was a “terrorist threat” focused on tourist areas and beaches. The alleged threat followed a series of altercations between Israelis and local residents.

Social media posts by visitors to Arugam Bay and complaints by locals themselves indicate that many of the arriving Israelis come for vacations after taking part in the ongoing deadly onslaught on Palestinians in Gaza.

Residents have also complained over the emergence of Israeli businesses in the area and the establishment of a Chabad house — a Jewish community center and place of worship.

Prime Minister Harini Amarasuriya said during Wednesday’s parliament session that Sri Lankan authorities have not granted “any permission for Israeli citizens to build religious places of worship or related buildings” and “the government will take prompt action to stop it.”

Responding to questions raised by opposition lawmaker Mujibur Rahman, she also addressed reports regarding Israelis running businesses in the area.

“We have identified this as a problem. Action will be taken against this, and steps will be taken to hold talks regarding it and stop such business activities,” Amarasuriya said.

“The government has not issued any visa for Israelis to engage in business activities in Sri Lanka, especially under tourist visas. They are engaging in such activities by violating our laws.”

The government’s reaction follows last month’s protests in Sri Lanka’s capital and a petition by civil society groups demanding special screenings of Israelis arriving in the country.

The direct trigger for the protest was the identification of at least one Israeli tourist as a soldier accused of war crimes.

The man was spotted in Sri Lanka by the Hind Rajab Foundation, a nongovernmental organization based in Belgium, which pursues legal action against Israeli military personnel involved in the killing of tens of thousands of Palestinians in Gaza over the past 15 months.

Swasthika Arulingam, a human rights lawyer and leader of the People’s Struggle Movement, which helped organize the protest, slammed the former Israeli personnel.

She said those “coming here after/between service rounds, taking rest or time off from attacking Palestinians in the ongoing genocide,” and their “sympathizers who hold vigils and events for their genocidal comrades” were the most problematic groups of tourists arriving in the country and often spotted in Arugam Bay.

“We are also hearing stories of illegal tourist businesses being carried out by Israelis in Sri Lanka,” she told Arab News.

“The local economy is impacted by the factor these people are running operations in Sri Lanka making use of resources here and not paying their dues.”

The recent “terrorist threat” warning by the US has also affected the local community.

“Local residents and local tourism providers have told us that in the last couple of weeks, the advisories and threats have meant their own properties are subject to surveillance and checking from the military,” Arulingam said.

“As citizens of Sri Lanka, we are yet to know if there were actual security concerns or was this simply bullying tactics by the US to keep Sri Lanka in check. We are concerned regarding what’s transpiring in Arugam Bay.”