CAIRO: At least four security personnel were killed in clashes at a police compound in the city of El Arish in Egypt’s Sinai Peninsula, two security sources said on Monday.
The clashes broke out on Sunday when a group of detainees seized weapons inside El Arish’s Central Security compound in northern Sinai and attacked forces stationed there, said the sources, who spoke on condition of anonymity.
The four dead included a police colonel, they said. Six people were also wounded.
The interior ministry did not respond to a request for comment and there was no official statement from authorities about the incident.
Egyptian security forces battled an insurgency by Islamist militants in northern Sinai for years and have recently extended their control over the coastal area, which runs between the border with the Gaza Strip and the northern end of the Suez Canal.
Northern Sinai has still seen occasional attacks and the army and police maintain a heavy presence.
At least four killed in clash in Egypt’s Sinai — security sources
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At least four killed in clash in Egypt’s Sinai — security sources
- Detainees seized weapons inside El Arish’s Central Security compound and attacked forces stationed there
Closing Bell: TASI closes in green to reach 12,198 points
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 95.24 points, or 0.79 percent, to close at 12,198.44.
The total trading turnover of the benchmark index was SR7.15 billion ($1.9 billion) as 81 stocks advanced, while 144 retreated.
Similarly, the MSCI Tadawul Index increased by 17.75 points, or 1.17 percent, to close at 1,530.05.
However, the Kingdom’s parallel market Nomu dipped by 182.13 points, or 0.68 percent, to close at 26,484.03. This comes as 21 stocks advanced, while as many as 33 retreated.
The best-performing stock of the day was Allied Cooperative Insurance Group, with the company’s share price surging by 6.5 percent to SR21.30.
Other top performers included ACWA Power Co. and MBC Group Co., whose share prices soared by 6.19 percent and 4.69 percent, to stand at SR459.6 and SR53.6, respectively.
The worst performer was BinDawood Holding Co. whose share price dropped by 9.98 percent to SR8.03.
Other subdued performers were Al-Babtain Power and Telecommunication Co. as well as Al-Baha Investment and Development Co., whose share prices dropped by 7.67 percent and 7.14 percent to stand at SR42.75 and SR0.13, respectively.
On the announcements front, MBC Group Co. announced its interim financial results for the period ending March 31, with revenues amounting to SR1.23 million and net profits reaching SR121,28.
The group does not have comparative figures for the current reporting period, as it was incorporated on April 20, 2023, which is subsequent to the comparative reporting period.
BinDawood Holding Co. also announced its financial results for the same period with revenues amounting to SR1.47 billion, up from SR1.38 billion in the first three months of 2023.
In a statement on Tadawul, the company said: “This growth was driven by exceptional performances from both retail brands (BinDawood and Danube) where sales for BinDawood stores increased by 8.5 percent compared to Q1 2023, while Danube stores increased by 7.1 percent compared to Q1 2023.”
It added that the improvement in performance was fueled by enhanced preparations for the pre-Ramadan season and the ongoing success of the loyalty program.
Its net profits also rose in this period reaching SR60.54 million, marking a 15.9 percent year-on-year increase, due to the rise in sales and gross margin.
In another development, Qassim Cement Co.’s revenues in this period surged by 18.8 percent to SR196.41 million compared to SR174.07 million in the first quarter of 2023. This increase was attributed to the rise in sales volume as well as the increase in the average selling price.
The company’s net profit surged to SR74.22 million compared to SR54.93 million in the corresponding period last year. The reason for the increase was attributed to the increase in sales value and volume, despite the increase in the general and administrative expenses.
Arabian Centers Co.’s revenues saw a slight increase of 1.56 percent to SR585.8 million in the first quarter of this year, compared to SR576.8 million in the corresponding period in 2023.
The rise was mainly attributed to a 21.9 percent increase in media sales and a 48.0 percent increase in other revenue.
Its net profit decreased by 52.1 percent from SR388 million in the first quarter of 2023 to reach SR185.6 million in the corresponding period this year.
Slovakia PM Fico’s fate remains in balance after surgery, deputy PM says
- The shooting was the first major assassination attempt on a European political leader for more than 20 years
- "Unfortunately, I cannot say yet that we are winning (the battle to save Fico) or that the prognosis is positive," Deputy Prime Minister Robert Kalinak said
BRATISLAVA: Slovakia’s Prime Minister Robert Fico remains in a serious condition and it is too soon to say whether he will recover, a deputy prime minister said on Thursday, a day after an assassination attempt that has sent shock waves across Europe.
The shooting was the first major assassination attempt on a European political leader for more than 20 years, and has drawn international condemnation. Political analysts and lawmakers say it has exposed an increasingly febrile and polarized political climate both in Slovakia and across Europe.
“Unfortunately, I cannot say yet that we are winning (the battle to save Fico) or that the prognosis is positive because the extent of the injuries caused by four gunshot wounds is so extensive that the body’s response will still be very difficult,” Deputy Prime Minister Robert Kalinak said.
Interior Minister Matus Sutaj Estok, speaking at the same news conference, said the shooter — whom police have charged with attempted murder — had acted alone and had previously taken part in anti-government protests.
“This is a lone wolf who had radicalized himself in the latest period after the presidential election (in April),” Sutaj Estok said.
The suspect listed government policies on Ukraine and its plans to reform the country’s public broadcaster and dismantle the special prosecutor’s office as reasons for the attack, the interior minister added.
Miriam Lapunikova, director of the F.D. Roosevelt University Hospital in Banska Bystrica where Fico is being treated, said the 59-year-old prime minister had undergone five hours of surgery with two teams to treat multiple gunshot wounds.
“At this point his condition is stabilized but is truly very serious, he will be in the intensive care unit,” she told reporters.
Slovak President Zuzana Caputova called for a calming of political tensions. Fico ally and President-elect Peter Pellegrini urged parties to suspend or tone down their campaigning for next month’s European Parliament elections.
“If there is anything the people of Slovakia urgently need today, it is at least a basic consensus and unity among Slovaks’ political representatives,” said Pellegrini, who won an April election for the mainly ceremonial post of president.
VETERAN LEADER
Fico has dominated Slovak politics for much of the past two decades, winning re-election last October for a fourth stint as premier.
He has fused left-leaning economic views with nationalism, tapping into widespread discontent over living standards, but has also proved a divisive figure. His critics say new reforms threaten the rule of law and media freedoms in Slovakia, a member state of the European Union and NATO.
Fico’s calls for ending sanctions on Russia and halting arms supplies to Ukraine have endeared him to Moscow, and President Vladimir Putin and other Russian politicians have been prominent among those condemning Wednesday’s assassination attempt.
Fico was shot while greeting supporters in the street after chairing a government meeting in the central town of Handlova.
Slovak news media reported that the 71-year-old gunman was a former security guard at a shopping mall, the author of three collections of poetry and a member of the Slovak Society of Writers. News outlet Aktuality.sk cited the suspect’s son as saying his father was the legal holder of a gun license.
There has been no official confirmation of the gunman’s identity and background.
The incident raised questions over Fico’s security arrangements, as the attacker managed to fire five shots at point blank range despite the prime minister being accompanied by several bodyguards.
In an undated video posted on Facebook, the alleged attacker was seen saying: “I do not agree with government policy” and criticizing government plans to revamp the public broadcaster.
Reuters verified the person in the video matched images of the man arrested after Fico’s shooting.
Fico and his government coalition allies have criticized sections of the media and the opposition, saying they had inflamed tensions in the central European state.
Slovakia’s biggest opposition party, the liberal, pro-Western Progressive Slovakia, was quick to condemn the shooting and called off a protest rally planned for Wednesday evening. It has also urged all politicians to avoid stoking tensions.
GCC housing ministers discuss joint action in Qatari capital
RIYADH: Gulf Cooperation Council countries are set to have better coordination in their housing projects as top ministers met in Doha to discuss the Joint Housing Action Plan for 2024.
Saudi Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail headed the Kingdom’s contingent at the 22nd meeting of the GCC Housing Ministers Committee in the Qatari capital, where leaders deliberated over key housing issues and made multiple decisions.
These included the approval of the Real Estate Incentive Guide, which aims to link landowners with developers and financial entities.
They also approved the guide for evaluating the flexibility of cities in the field of housing in GCC countries, as well as the economic framework for partnership with private institutions to encourage investment in the real estate sector.
The meeting also announced the launch of the sixth edition of the GCC Housing Work Award under the theme “Smart Digital Applications and Technologies in Housing Projects and Programs.”
The monetary value of the award was increased to SR375,000 ($99,987) instead of SR100,000, emphasizing the importance of ministries and relevant institutions in the Gulf countries promoting the new award cycle to expand participation.
Ministers emphasized the importance of continued participation in regional and international activities and meetings related to accommodation to showcase the region’s efforts.
The UAE was nominated for membership in the Executive Bureau of the Asian-Pacific Assembly and the upcoming presidency of the UN Human Settlements Programme General Assembly. Additionally, the committee highlighted the necessity of activating the mechanism for exchanging experts among GCC countries.
Furthermore, discussions were held regarding the General Secretariat’s proposal to sign agreements with various specialized organizations serving the residency sector, including the International Federation for Housing and Planning and the International Housing Association.
Following the meeting, the dignitaries toured the accompanying exhibition, where the ministries in the Gulf countries showcased their prominent efforts and projects through their participating pavilions.
At the end of the tour, Qatar’s Minister of Social Development and Family Mariam Al-Misnad honored the GCC ministers.
Pakistan minister praises Saudi king, crown prince for providing ‘excellent facilities’ to Hajj pilgrims
- Pakistan’s religious affairs minister inspects Hajj 2024 arrangements in Madinah
- Over 15,000 Pakistani pilgrims have arrived in Madinah weeks before Hajj kicks off
ISLAMABAD: Pakistan’s religion minister arrived in Madinah on Thursday to inspect Hajj 2024 arrangements, praising Saudi Arabia’s king and Crown Prince Mohammed bin Salman for ensuring “excellent facilities” were provided to pilgrims ahead of the Islamic pilgrimage.
Chaudhry Salik Hussain, Pakistan’s religious affairs minister, arrived in Jeddah on Wednesday to inspect Hajj 2024 arrangements for Pakistani pilgrims. The Hajj is an annual Islamic pilgrimage to the holy places of worship in Makkah and is obligatory on every Muslim adult who is physically and financially able to make the journey.
Over 15,000 Pakistani pilgrims have arrived in the holy city of Madinah from various parts of the country in a month-long flight operation that kicked off on May 9. Pilgrims are expected to depart for Makkah on May 17 after completing an eight-day stay in Madinah.
“We are thankful to the Custodian of the Two Holy Mosques Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman for providing excellent facilities to Hajj pilgrims,” Salik was quoted as saying by Pakistan’s religion ministry.
Hussain visited the Pakistan Hajj Mission and reviewed arrangements at the complaint management cell there.
“Timely redressal of complaints of Hajj pilgrims is proof of the system’s success,” Hussain said.
The minister said he was satisfied that Pakistani pilgrims were provided accommodations near the Prophet’s Mosque in Madinah, describing it as a notable achievement of the Pakistan Hajj Mission.
Pakistan has a Hajj quota of 179,210 pilgrims this year, of which 63,805 people will perform the pilgrimage under the government scheme, while the rest will use private tour operators.
Pakistan has set up two control rooms, one in Madinah and another at Makkah, to facilitate Hajj pilgrims. This year’s pilgrimage is expected to run from June 14-19.
Russian tycoon Deripaska calls latest US sanctions ‘balderdash’
- “I strongly believe that we need to do everything we can to establish peace, not serve the interests of warmongers,” Deripaska said
- Since Russia’s invasion of Ukraine, Deripaska has been sanctioned by Britain for his alleged ties to Putin
FRANKFURT: Russian tycoon Oleg Deripaska dismissed the latest US sanctions on a series of companies that the US Treasury said were connected to a scheme to evade sanctions and unlock frozen shares as nonsense.
“This balderdash isn’t worth the time,” Deripaska said by message via a spokesperson in response a Reuters request for comment about the latest US sanctions.
“While the horrific war in Europe claims hundreds of thousands of lives every year, politicians continue to engage in their dirty games. I strongly believe that we need to do everything we can to establish peace, not serve the interests of warmongers,” he said.
The US Treasury on Tuesday announced it had sanctioned a web of Russian companies it said were being used to disguise ownership of a $1.6 billion industrial stake controlled by Deripaska.
Austria’s Raiffeisen Bank International was planning to buy the stake and dropped the transaction following mounting US pressure to abort the bid.
In its sanctions announcement, the US Treasury alleged it was an “attempted sanctions evasion scheme” to unfreeze a stake using “an opaque and complex supposed divestment.”
Since Russia’s invasion of Ukraine, Deripaska has been sanctioned by Britain for his alleged ties to Putin. He has mounted a legal challenge against the sanctions which he says are based on false information and ride roughshod over the basic principles of law and justice.
Deripaska, who made his fortune by buying up stakes in aluminum factories has also been subjected to sanctions by the United States, which in 2018 took measures against him and other influential Russians.
Those sanctions were “groundless, ridiculous and absurd,” Deripaska has previously said.
