Thousands rally in support of Chechen leader Kadyrov

Updated 24 January 2016
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Thousands rally in support of Chechen leader Kadyrov

GROZNY: Tens of thousands of people rallied in the capital of Russia’s Chechnya republic in support of strongman leader Ramzan Kadyrov and Russian President Vladimir Putin.
Kadyrov in recent weeks has been speaking out against independent journalists and opposition activists, calling for them to be sent to psychiatric hospitals or prosecuted as traitors in the service of a hostile West.
His comments have an ominous ring. In the past, Russian journalists or opposition leaders have been killed after challenging Putin or Kadyrov, who describes himself as the president’s loyal “foot soldier.” Some of the slaying were preceded by similar threats and some of the suspected killers have been Chechens.
Rights activists in Russia and the West have criticized Kadyrov, with some demanding that he be fired.
Participants at Friday’s rally in Grozny praised Kadyrov for bringing stability to the predominantly Muslim region after two separatist wars, punctuating their speeches with cries of “God is great!” and “Kadyrov is a Russian patriot.”
Malika Murtaeva, a 53-year-old homemaker, said she came to show her support for Kadyrov, who took over the leadership of Chechnya after the assassination of his father in 2004 and rebuilt the war-torn republic with generous funding from Moscow.
“But some don’t like his good deeds and come up with various accusations against him,” Murtaeva said. “Everything they say against Kadyrov, I take as a personal attack against me, because their goal is to deprive me of the person who brought peace and stability to me and everyone in our republic, independent of nationality or creed.”

The rally, organized by Chechen trade unions, drew people from across Chechnya and neighboring regions. Chechen police put the size of the crowd at 1 million, a figure that was not possible to confirm independently. But the entire population of Chechnya is 1.3 million.
In a commentary in the Izvestia newspaper this week, Kadyrov called opposition leaders “jackals” intent on destroying the strong Russian state. He suggested sending them to a psychiatric hospital in Chechnya, saying, “I could help them deal with this clinical problem and I promise we won’t stint on injections. Where one is prescribed, we could do two.”
The Chechen leader also condemned independent media organizations, including the respected Ekho Moskvy radio, for giving air time to opposition leaders.
Alexei Venediktov, the longtime Ekho Moskvy editor, attributed the verbal attacks to the station’s coverage of the investigation into the killing of opposition leader Boris Nemtsov, who was shot dead Feb. 27 last year just outside the Kremlin.
The suspects under arrest in Nemtsov’s slaying are all Chechens, including the suspected triggerman, a former officer in Kadyrov’s security forces. Nemtsov’s family has petitioned investigators to look into Kadyrov’s possible role, but he has not been officially linked to the killing and has denied any involvement.
Amnesty International and the New York-based Committee to Protect Journalists have urged Putin and his government to respond to Kadyrov’s statements. Amnesty noted that the killings of journalist Anna Politkovskaya in 2006 and Chechen rights defender Natalya Estemirova in 2009 were preceded by similar threats.
Putin spokesman Dmitry Peskov stopped just short of defending Kadyrov, saying the Chechen was referring to opposition activists who work outside the system and “are ready to break the law, including in ways that damage the country.” Friday’s mass rally served as Kadyrov’s response.
“Those who are against Kadyrov are against Russia,” said Ibrahim Khasanov, 55. “And patriots of Russia should remember all of this.”


Aid cuts could destabilize Daesh-linked camps in northeastern Syria: diplomats

Updated 3 min 30 sec ago
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Aid cuts could destabilize Daesh-linked camps in northeastern Syria: diplomats

  • The humanitarian workers were not authorized to speak to the media, and the Roj camp resident had an unauthorized phone used to talk to Reuters

DAMASCUS: Moves by the US administration to cut foreign aid funding risk destabilizing two camps in northeastern Syria holding tens of thousands of people accused of affiliation with the Daesh, aid officials, local authorities and diplomats say.
The seven sources said Washington’s funding freezes and staff changes had already disrupted some aid distribution and services in Al-Hol and Roj, which host people who fled cities where Daesh was making its last stand between 2017-2019.
They are “closed camps,” meaning residents were not detained or charged as Daesh extremists but cannot independently leave the camps because of suspicions that they are affiliated with or support the group.
Aid workers and camp officials — led by the Syrian Democratic Forces, a Kurdish-led force that helps run a semi-autonomous zone in northeastern Syria — have long called for the repatriation of camp residents, among them thousands of foreigners including Westerners.
But the rapid changes to US funding streams have prompted contingency plans for the spread of disease, riots, or Daesh attempts to retrieve residents they see as unlawfully detained, two senior humanitarian sources and a Roj resident said, requesting anonymity.
The humanitarian workers were not authorized to speak to the media, and the Roj camp resident had an unauthorized phone used to talk to Reuters.
“If there’s no unfreezing then everything except the camp guards stop. We’re expecting mass rioting and breakout attempts.
Kurdish authorities in the northeast said last month they expected breakout attempts at detention centers holding Daesh fighters and have refused to hand control of them to the new transitional government in Damascus.
The anticipated violence adds to the complex security challenges in Syria, where Islamist rebels installed the transitional government after toppling Bashar Assad and are holding talks with authorities in the northeast to bring all security forces under Damascus’s control.
Sheikhmous Ahmed, head of camps and displaced persons in the autonomous administration of northeast Syria, said US-funded organizations had been crucial in “covering the existing gaps” in basic service provision in the camps.
But if funding halts altogether, Daesh affiliates “can benefit from these existing gaps and lack of support,” he said.
At least one of the organizations operating in the two camps, aid contractor Blumont, has received waivers allowing it to keep operating, said a Blumont official and Al-Hol director Jihan Hanan. The waiver would last the 90 days.
The organization has had to shutter other USAID-funded humanitarian and management services at about 100 unofficial “collective centers” for other displaced people, the Blumont official said.

 


What We Are Reading Today: Habitats of Africa

Updated 25 min 3 sec ago
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What We Are Reading Today: Habitats of Africa

Authors: Ken Behrens, Keith Barnes & Iain Campbell

With breathtaking wildlife and stunningly beautiful locales, Africa is a premier destination for birders, conservationists, ecotourists, and ecologists. 

This compact, easy-to-use guide provides an unparalleled treatment of the continent’s wonderfully diverse habitats. 

Incisive and up-to-date descriptions cover the unique features of each habitat, from geology and climate to soil and hydrology, and require no scientific background. Knowing the surrounding environment is essential to getting the most out of your travel experiences.


Togo holds first-ever senate vote despite opposition outcry

President of Togo Faure Gnassingbe. (AFP file photo)
Updated 36 min 38 sec ago
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Togo holds first-ever senate vote despite opposition outcry

  • A leading opposition group, the Alliance of Democrats for Integral Development, or ADDI, has confirmed that it would participate in Saturday’s elections

LOME: Municipal and regional councilors began voting on Saturday in Togo’s first-ever senatorial elections amid fears that President Faure Gnassingbe is looking to use the new constitution to hold on to power indefinitely.
Several opposition parties have said they will boycott the vote, and civil society groups have denounced the parliamentary reform for the West African nation of 9 million people as rigged.
The new constitution replaces the direct election of the head of state with a parliamentary system, making the presidential position merely honorific.
Power will be transferred to the president of the Council of Ministers, a position currently held by Gnassingbe, who has led the country since 2005 when he took over from his father, who had been in power for 38 years.
Under the previous constitution, Gnassingbe was limited to one last presidential run in an election set for this year.
More than 1,500 municipal councilors and 179 regional councilors will elect 41 out of 61 new senate members from the 89 candidates standing.
The president of the Council of Ministers, or Gnassingbe, will appoint the rest of the senators.
“It’s a new constitution that we have never tested. We had to test it to see the sides that are not good and to appreciate the rest,” said municipal councilor Vimenyo Koffi, who voted on Saturday morning in the capital, Lome.
A leading opposition group, the Alliance of Democrats for Integral Development, or ADDI, has confirmed that it would participate in Saturday’s elections.
But several other opposition parties, including the National Alliance for Change, or ANC, and the Democratic Forces for the Republic, or FDR, have said they would boycott it, calling the overhaul and Senate vote a “constitutional coup d’etat.”
The ANC on Wednesday expressed its “firm rejection of this anti-democratic process that aims to install an illegal and illegitimate republic.”
Earlier in the week, FDR slammed a “parody” vote and said the Senate would be a costly institution “while our municipalities and regions painfully lack the financial means to address the population’s vital needs.”
The president’s supporters say the constitutional change ensures more representation.
Gnassingbe’s governing party, the Union for the Republic, won legislative elections last April in a landslide.
Opponents had called the ballot an “electoral hold-up” marred by “massive fraud.”

 


Saudi expat remittances surge to three-year high $38.5bn, SAMA reveals

Updated 38 min 46 sec ago
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Saudi expat remittances surge to three-year high $38.5bn, SAMA reveals

  • Surge largely attributed to the robust growth of the Saudi economy, driven by Vision 2030 projects

RIYADH: Expatriate remittances from Saudi Arabia surged to SR144.2 billion ($38.45 billion) in 2024, a 14 percent increase over the preceding year, according to recent data.

Figures from the Saudi Central Bank, also known as SAMA, revealed that this figure is the highest in three years. In December alone, non-Saudi transfers totaled SR14.02 billion, a 31.7 percent increase on the same month last year.

Remittances sent abroad by Saudi citizens reached a two-year high in 2024, totaling SR68.61 billion — a 10.74 percent increase compared with 2023, according to SAMA data. 

In December, these transfers surged to their highest monthly value in more than seven years, reaching SR7.66 billion.

Thamer Al-Harbi, an expert on remittances, told Arab News that this significant surge can be largely attributed to the robust growth of the Saudi economy, driven by Vision 2030 projects.

He flagged up the “high demands to get (laborers) from different levels and skills and from many parts in the world,” adding that the statistics underline an increase in non-Saudi workers.

As these projects continue to expand, they require skilled and unskilled workers from all over the world, leading to a significant increase in the foreign workforce.

He also explained that expatriates sending money “to their loved ones” during the holiday season largely drove the 31.7 percent annual surge in December.

Reflecting on how economic and regulatory trends in Saudi Arabia and the recipient countries affect remittance fluctuations, he said: “It is playing a role. For example, the stability of their currency will reflect on remittance through banking channels as they trust the currency and they get a good rate.”

The expert said that the top destinations for remittances from Saudi Arabia align closely with the largest expatriate communities in the Kingdom. 

FAST FACT

Remittances sent abroad by Saudi citizens reached a two-year high in 2024, totaling SR68.61 billion — a 10.74 percent increase compared with 2023, according to SAMA data.

Citing data from the General Authority for Statistics, he noted that the five largest expatriate groups in Saudi Arabia are from Bangladesh, India, Pakistan, Egypt, and the Philippines.

These same countries are among the primary recipients of remittances, particularly for person-to-person transfers. The strong presence of these communities, coupled with family obligations and economic ties, continues to drive significant money flows to these destinations.

“The fintech post-COVID played a role in easing the customer experience, speeding up the movement of money to global bank accounts, and saving time by allowing senders to use the service at home without visiting centers or waiting in long queues,” Al-Harbi added.

“Today, most of the apps even provide the service in different languages, which gives customers the confidence to do this by themselves,” he said.

To explain the surge in transfers by Saudis, Al-Harbi said that the Kingdom’s citizens usually transfer to relatives abroad in Europe or the US to pay for tuition and bills related to their properties. 

Advances in blockchain technology and compliance solutions driven by artificial intelligence are enhancing the efficiency and security of cross-border transactions, according to a report by IBS Intelligence released in July. These innovations are crucial for improving financial inclusion and supporting the growth of the digital economy in the Middle East. Several fintech companies are driving this transformation, particularly in the realm of cross-border payments.

These include Careem Pay, a digital wallet service from the popular ride-hailing app, which facilitates peer-to-peer and bill payments, and international money transfers.

Other companies operating in this space are Mamo, a Dubai-based financial services company; PayMe, a fintech based in Egypt; and Saudi company urpay.

Al-Harbi said that, in general, the Kingdom offers lower transfer fees compared ith other GCC countries and regions such as Southeast Asia and Africa, particularly for major remittance corridors.

This can be attributed to the high volume of transactions and the presence of numerous remittance service providers, which create a competitive market and help keep costs relatively low for expatriates sending money abroad. 

Al-Harbi said that economic and regulatory trends in Saudi Arabia and recipient countries play a crucial role in shaping remittance flows.

One key factor is currency stability. When a local currency is stable, expatriates are more likely to send money through official banking channels, because they trust that their funds will retain value and that they will receive favorable exchange rates.

Additionally, regulatory policies in Saudi Arabia and recipient nations influence remittance trends. Policies that allow smooth and secure money transfers encourage more transactions through formal channels, while stricter regulations or economic instability in recipient countries may push some expatriates to seek alternative methods.


Saudi Arabia to lead region’s initial public offerings in 2025 — EY

Updated 48 min 43 sec ago
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Saudi Arabia to lead region’s initial public offerings in 2025 — EY

  • Firm says overall MENA region expected to witness the listing of 38 companies and 22 funds in 2025

RIYADH: The outlook for initial public offerings in the Middle East and North Africa region remains positive in 2025, with Saudi Arabia leading the market with 27 potential listings, according to an analysis. 

In its latest report, professional services network firm EY said the overall MENA region was expected to witness the listing of 38 companies and 22 funds in 2025, across a variety of sectors. Three listings are in the pipeline of the exchanges in the UAE, while Qatar is expected to witness one IPO. 

This comes as the Gulf Cooperation Council region has emerged as a hotspot for IPOs in recent years, fueled by robust economic reforms, diversification efforts away from oil dependence, and growing interest from both regional and international investors. 

“The region continues to drive positive developments in areas such as governance and ESG to enhance its attractivity to local and international investors alike,” said Gregory Hughes, EY MENA IPO and transaction diligence leader. 

According to the analysis, Panda Retail Co. and Riyad Capital from Saudi Arabia, as well as Etihad Airways and Amanat Holdings from the UAE, are the notable companies considering an IPO in 2025. 

Outside the GCC region, Egypt has announced five IPOs for 2025, while Algeria has two businesses intending to list. 

In December, the Egyptian Cabinet announced plans to accelerate the government offerings program procedures in 2025 to maximize the private sector’s economic role and attract more investments. 

The move from the government aligns with the nation’s broader effort to expand the number of publicly traded companies and attract greater investment. 

The EY report set out how ESG goals remain “a priority” in the Middle East, and this will have an impact on potential IPOs.

It cited a new law in the UAE, set to come into force in May, requiring companies to report carbon emissions and adopt decarbonization strategies — including renewable energy and carbon offsetting. It sets penalties for noncompliance and encourages research and development. It also promotes carbon trading through a dedicated registry. 

“These measures align with the UAE’s 2050 net zero goals and are likely to influence IPO market dynamics, as companies prioritize sustainability to attract investors,” said the report.

The expected listings activity in the Gulf is in line with global forecasts, with the IPO market on track for a “strong performance” in 2025, according to EY.

“This is supported by a cautiously optimistic economic environment, increasingly accommodative monetary policies, heightened liquidity, valuation levels and investor confidence,” the report added.

The firm said that while there were challenges — particularly around fiscal and monetary policies, geopolitical tensions, artificial intelligence and digital transformation — they also “open the door to new opportunities.” 

EY called on businesses to focus on adapting their strategies to align with shifting market demands and “leveraging IPOs as a platform to drive growth and innovation.”

MENA IPO activity in 2024

EY revealed that markets in the MENA region witnessed a total of 54 IPOs in 2024, representing a 12.5 percent rise compared to 2023. 

These IPOs raised $12.6 billion in proceeds, also marking a 17.6 percent rise compared to the previous year. 

The year-on-year increase in proceeds for 2024 was impacted by a number of large-value IPOs such as Talabat Holding plc, OQ Exploration & Production and Lulu Retail Holdings that were listed during the last quarter of the year. 

The region continues to drive positive developments in areas such as governance and ESG to enhance its attractivity to local and international investors alike.

Gregory Hughe, EY MENA IPO and transaction diligence leader

“The year 2024 ended on a strong note with 54 IPOs in total, the highest in MENA over the past seven years. The region has been one of the busiest when compared to the global market,” said Brad Watson, EY MENA strategy and transactions leader. 

He added: “The momentum is expected to continue into 2025, with companies from various sectors announcing their intention to come to market. In addition, regional exchanges are actively working on initiatives to promote family-owned businesses and small to medium enterprises, aiming to strengthen the capital markets infrastructure and boost future liquidity.”

Earlier this month, a report released by the Kuwait Financial Center revealed that Saudi Arabia led the GCC IPO market in 2024, raising $4.1 billion through 42 listings, the highest number in the region. 

According to that analysis, the GCC region saw an increase of 23 percent in IPO proceeds compared to 2023, reaching a total of $13.2 billion across 53 public offerings. 

The EY report states that the MENA region witnessed 25 IPOs in the fourth quarter of 2024 raising $7.9 billion — a 32 percent increase in number and a 59.4 percent surge in proceeds compared to the same period in 2023. 

Saudi Arabia dominated the region’s IPO activity with 17 of the listings, and the Kingdom also raised $1.2 billion in proceeds during the period. 

Five IPOs took place on Saudi Arabia’s main market during the fourth quarter, raising proceeds worth $1.1 billion. The remaining 12 IPOs happened on the Kingdom’s parallel market Nomu, with proceeds valued at $119 million. 

Arabian Mills for Food Products Co. and United International Holding Co. marked the highest proceeds in Saudi Arabia at $300 million each. 

“The last quarter of 2024 was a bumper quarter for the MENA region with 25 IPOs, making up 46 percent of the total IPO activity in that year. Nomu listings accounted for 50 percent, indicating robust activity in the junior Saudi market,” said Hughes. 

According to EY, Talabat Holding plc, which is listed on the Dubai Financial Market, raised the highest proceeds valued at $2 billion, contributing 25.8 percent of the overall number in the fourth quarter. 

The Abu Dhabi Securities Exchange welcomed two IPOs in the fourth quarter, with proceeds valued at $2 billion. 

In the ADX, Lulu Retail Holding raised $1.7 billion, followed by ADNH Catering at $235 million. 

The Bahrain bourse witnessed the Al-Abraaj Restaurants Group IPO that raised $23.9 million. 

Outside of the GCC region, there were two MENA IPOs in the fourth quarter: Compagnie Marocaine de Goutte a Goutte et de Pompage in Morocco and the United Bank in Egypt.