Saudi foreign minister meets Spanish counterpart

Prince Faisal bin Farhan and Jose Manuel Albarez. (SPA)
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Updated 04 July 2024
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Saudi foreign minister meets Spanish counterpart

  • Saudi and Spanish FMs reviewed bilateral relations and explored ways to enhance cooperation across various fields
  • Meeting attended by Saudi Ambassador to Spain Princess Haifa bint Abdulaziz Al-Muqrin

MADRID: Prince Faisal bin Farhan, Saudi minister of foreign affairs, met on Thursday the Spanish Minister of Foreign Affairs Jose Manuel Albarez on the sidelines of the annual European Council on Foreign Relations meeting in Madrid.

During the meeting, the two reviewed bilateral relations and explored ways to enhance cooperation across various fields. They also discussed regional and international developments, particularly the situation in Gaza and efforts to address it.

The meeting was attended by Princess Haifa bint Abdulaziz Al-Muqrin, Saudi ambassador to Spain, and Abdulrahman Al-Daoud, director-general of the minister of foreign affairs’ office.


Israeli strikes batter Beirut in heaviest bombardment so far

Updated 9 min 4 sec ago
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Israeli strikes batter Beirut in heaviest bombardment so far

  • On Sunday, a grey haze hung over city and rubble was strewn across streets in southern suburbs, while smoke columns rose over area
  • Israel said its air force had ‘conducted a series of targeted strikes on a number of weapons storage facilities belonging to the Hezbollah’

BEIRUT: Israeli air attacks battered Beirut’s southern suburbs overnight and early on Sunday, the most intense bombardment of the Lebanese capital since Israel sharply escalated its campaign against Iran-backed group Hezbollah last month.
During the night, the blasts sent booms across Beirut and sparked flashes of red and white for nearly 30 minutes visible from several kilometers away.
It was the single biggest attack of Israel’s assault on Beirut so far, witnesses and military analysts on local TV channels said.
On Sunday a grey haze hung over the city and rubble was strewn across streets in the southern suburbs, while smoke columns rose over the area.
“Last night was the most violence of all the previous nights. Buildings were shaking around us and at first I thought it was an earthquake. There were dozens of strikes — we couldn’t count them all — and the sounds were deafening,” said Hanan Abdullah, a resident of the Burj Al-Barajneh area in Beirut’s southern suburbs.
Videos posted on social media, which Reuters could not immediately verify, showed fresh damage to the highway that runs from Beirut airport through its southern suburbs into downtown.
Israel said its air force had “conducted a series of targeted strikes on a number of weapons storage facilities and terrorist infrastructure sites belonging to the Hezbollah terrorist organization in the area of Beirut.”
Lebanese authorities did not immediately say what the missiles had hit or what damage they caused.
This weekend’s intense bombardment came just ahead of the anniversary of the Oct. 7 attack by Palestinian militant group Hamas on southern Israel in which some 1,200 people were killed and more than 250 taken hostage, according to Israeli figures.
The target of Israel’s airstrikes across Lebanon and its ground invasion in the south of the country is the Lebanese armed group Hezbollah, Iran’s chief ally in the region. The assault has killed hundreds of people including civilians and has displaced 1.2 million, Lebanese officials say.
For days Israel has bombed the Beirut suburb of Dahiyeh — considered a stronghold for Hezbollah but also home to thousands of ordinary Lebanese, Palestinian and Syrian refugees — killing its leader Sayyed Hassan Nasrallah on Sept. 27.
A Lebanese security source said on Saturday that Hashem Safieddine, Nasrallah’s potential successor, had been out of contact since Friday, after an Israeli airstrike on Thursday near the city’s international airport that was reported to have targeted him.
Israel continues to bomb the area of the strike, preventing rescue workers from reaching it, Lebanese security sources said.
Hezbollah has not commented on Safieddine.
His loss would be another blow to the group and its patron Iran. Israeli strikes across the region in the past year, sharply accelerated in recent weeks, have devastated Hezbollah’s leadership.

Gaza war
Israel’s war in Gaza, launched after the Oct. 7 attacks and aimed at eliminating Hamas, another Iran-backed group, has killed nearly 42,000 people, Palestinian authorities say. The coastal enclave lies in ruins.
At least 26 people were killed and 93 others wounded when Israeli airstrikes hit a mosque and a school sheltering displaced people in the Gaza Strip early on Sunday, the Hamas-run Gaza government media office said.
Hezbollah began firing rockets at Israel a day after the Oct. 7 attacks and after Israel had begun bombing Gaza, saying it was acting in solidarity with the Palestinian group.
Cross-border fire continued between Israel and Hezbollah for months, but were mostly limited to the Israel-Lebanon border area before the recent upsurge.
Israel says it stepped up its assault on Hezbollah last month to enable the safe return of tens of thousands of citizens to homes in northern Israel, bombarded by the group since last Oct. 8.
Israeli authorities said on Saturday that nine Israeli soldiers had been killed in southern Lebanon so far.
In northern Israel, air raid sirens sounded on Sunday and the Israeli military said it had intercepted rockets fired from Lebanese territory.
Iran has signalled it does not want a direct war with Israel but has launched responses on occasion to Israeli attacks. It fired a barrage of ballistic missiles at Israel on Tuesday that did little damage.
Israel has been weighing options for its response.


Indian women notch cautious 6-wicket win over archrival Pakistan at T20 World Cup

Updated 11 min 1 sec ago
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Indian women notch cautious 6-wicket win over archrival Pakistan at T20 World Cup

  • Pakistan was stifled by fast bowler Arundhati Reddy (3-19) and off-spinner Shreyanka Patil (2-12) to score a modest 105-8
  • India reached 108-4 in 18.5 overs as captain Harmanpreet Kaur made a calm 29 off 24 balls before retiring hurt late in the chase

DUBAI: India notched a cautious six-wicket win over its sub-continent archrival Pakistan for its first points at the Women’s T20 World Cup on Sunday.
Pakistan was stifled by fast bowler Arundhati Reddy (3-19) and off-spinner Shreyanka Patil (2-12) to score a modest 105-8 on a slow wicket at the Dubai International Stadium with seasoned Nida Dar top-scoring with 28 off 34 balls.
India, which lost its first group A game against New Zealand by 58 runs, reached 108-4 in 18.5 overs as captain Harmanpreet Kaur made a calm 29 off 24 balls before retiring hurt late in the chase.
With only two needed for victory Kaur briefly lost her balance but regained her ground as wicketkeeper Muneeba Ali missed a stumping opportunity. Kaur clutched the back of her neck as she walked back to the dug out before Sajeevan Sajana reached the target with a boundary.
Despite the win, India is still fourth in the group with a poor net run-rate of -1.217 behind third place Pakistan, which beat Sri Lanka in its opening game and has a net run-rate of 0.555. New Zealand and Australia occupy the first two spots after winning their respective opening group games.
India had squeezed Pakistan to 7-71 in the 15th over despite Asha Sobhana dropping two easy catches off Muneeba Ali (17) and captain Fatima Sana (13). Muneeba’s struggling knock of 26 balls finally ended when she got stumped off Patil’s wide ball.
Sana smashed two boundaries but was brilliantly snapped by wicketkeeper Richa Gosh, who plucked a one-handed catch over her head behind the wicket to give some consolation to leg-spinner Sobhana (1-24) for her early lapse in the field.
Dar held the innings together in the death overs with a 28-run partnership with Syeda Aroob Shah, who scored 14, before Reddy had Dar clean bowled in the final over.
India’s batting powerhouse was over-cautious against Pakistan’s spin heavy bowling attack in their run-chase. Shafali Verma, who top-scored with 32 off 35 balls, successfully overturned a leg before wicket decision against her through television referral early in her knock but India’s top-order batters struck only five boundaries in their entire run-chase.
Sana (2-23) picked up two late wickets off successive balls when Jemimah Rodrigues (23) and Gosh both were caught behind. Sana came close to have Deepti Sharma lbw in her final over but the onfield decision was overturned by the third umpire when TV replays suggested the batter had got a thick inside edge.
In the second game of the day, Scotland won the toss and elected to bat against West Indies in a group B game with both teams looking for their first win in the tournament after losing their opening games of the tournament.


Saudi national team train in Jeddah ahead of crucial World Cup qualifiers

Updated 11 min 27 sec ago
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Saudi national team train in Jeddah ahead of crucial World Cup qualifiers

  • Green Falcons gear up for matches against Japan, Bahrain

JEDDAH: The Saudi Arabian national football team were put through their paces at a training camp in Jeddah on Sunday in preparation for the upcoming third and fourth rounds of the Asian qualifiers for the 2026 FIFA World Cup.

The Green Falcons are gearing up for two key matches, hosting Japan on Oct. 10 and Bahrain five days later. Both fixtures are taking place at the King Abdullah Sports City Stadium in Jeddah.

Head coach Roberto Mancini has called up 28 players for the games, with the squad featuring notable names such as Salem Al-Dawsari, Firas Al-Buraikan, and Saud Abdulhamid.

Saudi Arabia are in Group C in the third phase of the Asian qualifiers, and face strong competition from Japan, Australia, Bahrain, China and Indonesia as they aim to secure a place at the World Cup in the US, Canada and Mexico in two years’ time.


UN refugee chief says humanitarian law violated in strikes on Lebanon

A man stares at the devastation in the aftermath of an Israeli strike that targeted the Sfeir neighbourhood.
Updated 1 min 51 sec ago
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UN refugee chief says humanitarian law violated in strikes on Lebanon

  • Israeli air attacks battered Beirut’s southern suburbs overnight and early on Sunday

BEIRUT: The United Nations’ refugee chief Filippo Grandi said on Sunday that many strikes on Lebanon had violated international humanitarian law, in apparent reference to Israel’s bombardment of large parts of the country.
Grandi’s statement comes as Israeli air attacks battered Beirut’s southern suburbs overnight and early on Sunday in the most intense bombardment of the Lebanese capital since Israel sharply escalated its campaign against Hezbollah last month.
During the night, the blasts sent booms across Beirut and sparked flashes of red and white for nearly 30 minutes visible from several kilometers away.
It was the single biggest attack of Israel’s assault on Beirut so far, witnesses and military analysts on local TV channels said.
On Sunday a grey haze hung over the city and rubble was strewn across streets in the southern suburbs, while smoke columns rose over the area.
“Last night was the most violence of all the previous nights. Buildings were shaking around us and at first I thought it was an earthquake. There were dozens of strikes — we couldn’t count them all — and the sounds were deafening,” said Hanan Abdullah, a resident of the Burj Al-Barajneh area in Beirut’s southern suburbs.


Closing Bell: Saudi main index slips to close at 11,769

Updated 34 min 15 sec ago
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Closing Bell: Saudi main index slips to close at 11,769

  • Parallel market Nomu lost 259.40 points, or 1.04%, to close at 24,655.96
  • MSCI Tadawul Index lost 22.10 points, or 1.48%, to close at 1,474.92

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 188.50 points, or 1.58 percent, to close at 11,769.04.

The total trading turnover of the benchmark index was SR6.20 billion ($1.65 billion), as 19 of the stocks advanced and 213 retreated. 

The Kingdom’s parallel market Nomu lost 259.40 points, or 1.04 percent, to close at 24,655.96. This comes as 17 of the listed stocks advanced while 48 retreated. 

The MSCI Tadawul Index lost 22.10 points, or 1.48 percent, to close at 1,474.92. 

The best-performing stock of the day was Al-Baha Investment and Development Co., whose share price rose 7.14 percent to SR0.30. 

United Wire Factories Co. and Kingdom Holding Co. were among the other top performers.

The worst performer was Saudi Ceramic Co., whose share price dropped 7.26 percent to SR28.75. 

Other worst performers were Elm Co. and Arab Sea Information System Co.

Announcements

Almarai Co. has announced its interim condensed consolidated financial results for the period ending on Sept. 30. According to a Tadawul statement, the firm recorded a net profit of SR1.88 billion in the first nine months of the year, reflecting a 12.15 percent surge compared to the same period in 2023.

The increase in consolidated profits attributable to the company’s shareholders in the current period compared to last year is due to higher revenue growth, disciplined cost control, a favorable product mix, and stabilized commodity costs.

Al-Etihad Cooperative Insurance Co. has announced that it is signing a contract with the Ministry of Human Resources and Social Development to ensure the financial dues of non-Saudi workers in the private sector per the agreed terms and conditions and the insurance policy approved by the Insurance Authority.

A bourse filing revealed that the one-year SR391 million contract provides insurance coverage for the financial dues of non-Saudi workers in the delinquent entities of the private sector, in cooperation with several Saudi insurance and reinsurance companies, and in accordance with the agreed terms and conditions for one year. This will commence from the date of signing the agreement with the Ministry of Human Resources and Social Development and after obtaining the final approval of the Insurance Authority.

The policy represents the cooperation between the Ministry of Human Resources and Social Development and the Insurance Authority to protect the financial rights of non-Saudi workers in delinquent entities according to the ministry’s classification.

The insurance cover includes wages, unpaid dues, and a return ticket to the worker’s home country within the agreed-upon cover limits and following an agreed set of terms and conditions.

It is expected that the financial impact of this agreement will be reflected in the company’s financial performance starting from the fourth quarter of the year.