Bangladesh continues curfew as students await official notice on government job reforms

A Bangladesh army personnel stands guard near the parliament house amid a curfew following clashes between police and protestors in Dhaka on July 22, 2024. (AFP)
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Updated 22 July 2024
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Bangladesh continues curfew as students await official notice on government job reforms

  • Bangladesh internet connection has been cut off since Thursday night
  • Main student group says not all of their demands have been met 

DHAKA: Bangladesh remains under curfew and a widespread communications blackout on Monday, a day after the Supreme Court scaled back a controversial job-quota system following deadly clashes that have killed more than 100 people over the past week. 

University students have been demonstrating since the beginning of this month to demand a reformation of the quota system that reserved 30 percent of government jobs for relatives of veterans who fought in Bangladesh’s 1971 liberation war. 

The peaceful protests turned violent last week, with clashes between student protesters and security forces killing 174 people and injuring thousands, according to a count by Bengali daily Prothom Alo, which reported over a dozen deaths on Sunday alone. 

Bangladesh was still under curfew for a third day on Monday, with military personnel patrolling the capital and other areas, while internet connection remained suspended across the country since it was disrupted from Thursday night. 

“Everything is in order today across the country, except a few separate incidents in Dhaka, Narayanganj and Narsingdi,” Biplab Barua, special assistant to Prime Minister Sheikh Hasina, told Arab News. 

“We hope that in the next 48 hours, the situation will take a better look, and the country will go for normal operations. We are expecting to restore the broadband Internet services tonight (Monday). As soon as the situation takes a normal look, the length of curfew hours will be eased.” 

On Sunday, the Supreme Court ordered for the quota reserved for relatives of veterans to be cut to 5 percent and for 93 percent of jobs to be allocated on merit, while the remaining 2 percent will be reserved for members of ethnic minorities and people with disabilities. 

Bangladesh’s top court was ruling on an appeal. The government had abolished the quotas following student protests in 2018 but they were reinstated by the High Court in June, setting off a fresh round of demonstrations. 

“Our students are not responsible for the anarchy and atrocities on the streets. It’s the opposition parties … which hijacked the movement from the students,” Barua said. 

“Students’ demands have been fulfilled by the court, and the government will issue a circular by Tuesday regarding the quota system in the government job.” 

Students Against Discrimination, the main protest organizing group, said on Monday that some of their demands are still unmet, including the reopening of universities as well as investigations into the deadly crackdown. 

Student protesters are also waiting for the government to issue an official notification on the Supreme Court decision. 

“Since the curfew is underway, we are not on the streets at the moment. It will endanger the lives of our students,” Sarjis Alam, a protest coordinator with Students Against Discrimination, told Arab News.  

“At the moment, we are waiting to see the government circular on the quota system … We demanded reformation of quota systems in all grades of government jobs … It’s very important to us,” he said. “(After) seeing the government’s circular, we can comment whether our demands were addressed or not.” 


ADX imposes mandatory insider trading blackout ahead of Q3 results 

Updated 10 min 29 sec ago
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ADX imposes mandatory insider trading blackout ahead of Q3 results 

RIYADH: A mandatory 15-day blackout on insider trading has been enforced by the Abu Dhabi Securities Exchange, effective Sept. 16, as companies prepare to release their third-quarter 2024 financial results. 

The restriction, in line with Securities and Commodities Authority regulations, prohibits board members, executives, and employees with insider information from trading shares until the earnings are fully disclosed. 

According to a report by state news agency WAM, the decision follows Article 14 of the Securities and Commodities Authority Board of Directors’ Decision No. 2/R of 2001, which outlines regulations on trading, clearing, settlement, transfer of ownership, and custody of securities. 

The rule is designed to ensure transparency and prevent insider trading ahead of major financial disclosures. 

Insider trading involves the buying or selling of a publicly traded company’s stock by individuals who possess non-public, material information about the company. This practice is not allowed because it gives an unfair advantage to people with inside information, which can affect the fairness of the market and reduce trust among investors. 

The report also stated that the resolution will be shared with the SCA, all listed companies, ADX departments, accredited brokers, and investors. 

Established in 2000, ADX facilitates the trading of various securities, including shares from public and private companies, debt instruments, exchange-traded funds, derivatives, and other financial instruments approved by the UAE’s SCA. 

On Aug. 30, WAM reported that ADX has become the most active and liquid ETF market in the Middle East and North Africa region, with notable value and volume since the start of the year. 

ETF trading on the exchange totaled 1.86 billion dirhams ($506.46 million) in the first eight months of 2024. The trading volume for ETFs on ADX reached approximately 450.7 million units, with 19,853 transactions recorded. 

Earlier this month, ADX also welcomed the listing of $1 billion in green bonds issued by Abu Dhabi Future Energy Co., known as Masdar. 

The green bonds are split into two tranches: the first, valued at $500 million, has a fixed interest rate of 4.87 percent and matures on July 25, 2029; the second tranche, also $500 million, offers a 5.25 percent interest rate and matures on July 25, 2034. 

WAM reported that the bond issuance witnessed strong demand from both international and domestic investors, with subscription orders peaking at $4.6 billion, representing an oversubscription of 4.6 times.


Central European flooding widens as death toll rises

Updated 9 min 27 sec ago
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Central European flooding widens as death toll rises

  • First Czech death report as toll in central Europe rises, Czech town Litovel submerged in water overnight
  • Polish government meets to decide state of disaster

JESENIK: More rivers in central Europe burst their banks on Monday and the number of deaths increased from the worst flooding in at least two decades, with some authorities starting to count the costs and others preparing for waters rising further.
Border areas between the Czech Republic and Poland were hit hard over the weekend as heavy rain seen since last week and surging water levels collapsed some bridges, forced evacuations and left a trail of destruction.
At least 15 people have died in flooding from Austria to Romania.
Poland’s government was due to meet on Monday to call a state of disaster.
Michal Piszko, mayor of the Polish town of Klodzko along the Czech border, said waters had receded there but help was needed.
“We need bottled water and dry provisions, because we have also set up a point for flood victims evacuated from flooded areas,” he told private broadcaster RMF FM.
“Children will not go to school until the end of the week. At the moment, half of the city has no electricity.”
Polish Education Minister Barbara Nowacka said that around 420 schools across four provinces had been closed. In the town of Nysa a hospital was evacuated.
In the Czech town of Jesenik, across the Polish border where floods ripped through the town on Sunday, clean-up was starting after waters receded to show damaged cars and debris left on streets.
In eastern Romania, where villages and towns were submerged over the weekend, Emil Dragomir, mayor of Slobozia Conachi, told television station Digi24 the flooding had devastating impact.
“If you were here you would cry instantly because people are desperate, their whole lives’ work is gone, there were people who were left with just the clothes they had on,” he said.
Preparation
While rivers in the Czech-Polish border area were starting to recede on Monday, flooding was widening and leaving bigger cities on alert.
Jacek Sutryk, mayor of Poland’s Wroclaw, said the city of some 600,000 was preparing water levels peaking on Wednesday.
“This high wave will pass through Wroclaw for several days,” he said.
In the Czech Republic, a rising Morava River overnight put Litovel, a city 230 km (140 miles) east of the capital Prague with a population of nearly 10,000, around 70 percent under water and shut down schools and health facilities, its mayor said in a video on Facebook.
Flooded parts of northeastern Czech regional capital Ostrava forced closures of a power plant supplying heat and hot water to the city as well as two chemical plants.
More than 12,000 people have been evacuated in the Czech Republic. A quarter of a million Czech households had been without power over the weekend although that figure had fallen to 118,000 on Monday, CTK news agency reported.
In Romania, the flooding killed six people over the weekend. An Austrian firefighter died on Sunday. In Lower Austria two men aged 70 and 80 were found drowned in their homes, a police spokesperson said on Monday.
State news agency PAP reported five deaths in Poland and in the Czech Republic one person died, a police official said.
Danube also rises
Hungarian Interior Minister Sandor Pinter said the government in Budapest was fully prepared to act and efforts for the time being focused on keeping the Danube River and its tributaries within their banks.
Pinter said up to 12,000 soldiers were on standby to help if needed.
Slovakia’s capital Bratislava and Hungarian capital Budapest were both preparing as the River Danube rose.
In Austria, the levels of rivers and reservoirs fell overnight as rain eased but officials said they were bracing for a second wave as heavier rain was expected in the coming hours.


Van Dijk urges Liverpool to hit back after ‘unacceptable’ Forest loss

Updated 25 min 24 sec ago
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Van Dijk urges Liverpool to hit back after ‘unacceptable’ Forest loss

  • Liverpool captain Van Dijk wants the defeat to serve as fuel to beat Milan and quickly get their campaign back on track

LONDON: Virgil van Dijk has urged Liverpool to hit back after their “unacceptable” defeat against Nottingham Forest as the Reds prepare to start their Champions League campaign.
Just days after their shock 1-0 loss to Forest in the Premier League, Arne Slot’s side begin the new Champions League format with a trip to AC Milan on Tuesday.
After winning the first three games of the Slot era, Liverpool were brought down to earth with a bump by Forest at Anfield on Saturday.
Liverpool captain Van Dijk wants the defeat to serve as fuel to beat Milan and quickly get their campaign back on track.
“We have a very good group that really understand that it was unacceptable and are disappointed,” the Dutch center-back said.
“We all know everyone can do better and we have to show that on Tuesday and that is what we focus on.
“We have been through losses and difficult moments together and I think we have to stay calm and we will stay calm.
“Hopefully if there are no injuries happening then rhythm is always a good thing.
“We need the whole squad and we know after the international break it will be a game every three days so we need everyone in their best shape and best form.”
Liverpool had looked impressive in their wins against Ipswich, Brentford and Manchester United.
They managed to avoid conceding a goal in any of those games, before Forest forward Callum Hudson-Odoi finally breached Van Dijk’s defense at the weekend.
Asked what they had to do to prevent the defeat impacting their early-season momentum, Van Dijk said: “Keep going and keep working and make sure the performances don’t go in that direction.
“We all know how the atmosphere can change but that is also part of the influence from outside which could affect you.
“I can’t wait to be out there hearing the Champions League tune and leading out the boys.
“A club like Liverpool needs to be in the Champions League and we are finally back and let’s go out there and put in a much better performance as it is needed otherwise you are going to have an issue.”


SMEs account for 90% of Saudi industrial and mining sectors: minister

Updated 30 min 33 sec ago
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SMEs account for 90% of Saudi industrial and mining sectors: minister

RIYADH: Small and medium enterprises constitute 90 percent of Saudi Arabia’s industry and minerals companies, highlighting that the sector is not “exclusive” to top players, according to a senior official.

The Kingdom’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, highlighted this during a dialogue session at an event organized by the General Authority for Small and Medium Enterprises, known as Monsha’at, according to the Saudi Press Agency.

During the Industry and Mineral Resources Pioneers week, officials highlighted the impact of pioneering projects in the sector, underlining how industrial technical applications, often led by SMEs, are proving effective in resolving challenges in large-scale industries, SPA reported. 

In recent years, the Saudi government has launched several initiatives to bolster SMEs’ presence and participation in various sectors, including industry and mining. 

These undertakings, spearheaded by entities such as Monsha’at, focus on providing a range of support services, including financing, licensing facilitation, and business development support. 

Programs like the SME loan guarantee program – known as Kafalah – and the Saudi Venture Capital Co. are designed to enhance access to capital, mitigating one of the significant challenges faced by smaller companies.

Other examples of SMEs demonstrating innovative capabilities in the sector include improving mine preservation, environmental safety, and productivity.

This reflects the broader trend within Saudi Arabia, where SMEs increasingly leverage technology and innovation to address complex industrial challenges.


Ukraine asks UN, ICRC to join humanitarian effort in Russia’s Kursk region

Updated 46 min 13 sec ago
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Ukraine asks UN, ICRC to join humanitarian effort in Russia’s Kursk region

  • Last week, Russian shelling killed three Ukrainians working for the ICRC and wounded two others in a village in the frontline Donetsk region

KYIV: Ukraine said on Monday it had asked the United Nations and the International Committee of the Red Cross (ICRC) to join humanitarian efforts in Russia’s Kursk region following a cross-border incursion by Ukrainian forces.
Ukraine’s army remains in the Kursk region more than a month after launching the assault, in which President Volodymyr Zelensky says Kyiv has taken control of about 100 settlements.
Foreign Minister Andrii Sybiha said he had instructed his ministry to formally invite the UN and ICRC to work in the Kursk region when he visited the northeast Ukrainian region of Sumy on Sunday. The ministry confirmed that it had issued the requests.
“Ukraine is ready to facilitate their work and prove its adherence to international humanitarian law,” Sybiha said on X after the visit to Sumy, from where Ukrainian forces launched the cross-borer attack.
He said the Ukrainian army was ensuring humanitarian assistance and safe passage to civilians in the Kursk region.
The Foreign Ministry said in a written statement that the invitations had been issued to the ICRC and UN, “taking into account the humanitarian situation and the need to properly ensure basic human rights in the territory of the Kursk region.”
The ministry said it had asked the ICRC to monitor Ukraine’s compliance with the principles of international humanitarian law in accordance with the Geneva Conventions, which cover the protection of victims of international armed conflicts.
Moscow, which invaded Ukraine in 2022, did not immediately comment on the invitations. It was not immediately clear how or whether the UN or ICRC had responded.
Russia’s state-run RIA news agency reported on Monday that ICRC President Mirjana Spoljaric had arrived on a visit to Moscow and planned to meet Foreign Minister Sergei Lavrov.
Last week, Russian shelling killed three Ukrainians working for the ICRC and wounded two others in a village in the frontline Donetsk region, Ukrainian officials said. Spoljaric has condemned the attacks.