TACLOBAN: At least three people were killed and tens of thousands were driven from their homes by floods as Tropical Storm Kai-Tak pounded the eastern Philippines on Saturday, cutting off power and triggering landslides, officials said.
Kai-Tak, packing gusts of up to 110 km/per hour, hit the country’s third-largest island Samar in the afternoon and tore through a region devastated by Super Typhoon Haiyan four years ago, the state weather service said.
Local officials reported three deaths on neighboring Leyte island — a two-year-old boy who drowned in the town of Mahaplag, a woman buried by a landslide and another person who fell into a flooded manhole in Ormoc city.
Samar and Leyte, with a combined population of about 4.5 million, had borne the brunt of Haiyan in 2013, which left more than 7,350 people dead or missing.
Bus driver Felix Villaseran, his wife and four children hunkered down in their two-story house in the Leyte city of Tacloban along with 11 relatives whose homes were flooded from incessant rain.
“We have yet to shake off our phobia. I hope we don’t have a repeat of that,” Villaseran, who lost 39 cousins in the Haiyan onslaught, told AFP.
“My missus stockpiled on groceries before the storm hit, but since we also have to feed these three other families we’re now running low on food,” he added.
Military trucks drove through rising floodwaters on Samar and Leyte to rescue trapped residents, with more than 77,000 people now in evacuation centers, local officials said.
Strong winds toppled trees and power pylons, knocking out power throughout the region while floods, small landslides and rock falls blocked roads and buried some homes, local officials and witnesses said.
Farmland in the mainly rural region was also under water, while seven people were injured by landslides and flying objects, the regional civil defense office said in a report.
A spokeswoman for the national government’s National Disaster Risk Reduction and Management Council told AFP it was trying to confirm reports of two other deaths from landslides and floods on the islands of Biliran and Dinagat.
“It was like a flashback again for residents of Tacloban city,” its Vice Mayor Sambo Yaokasin told Manila TV ABS-CBN, referring to the Haiyan disaster.
The station broadcast images of flooded streets and corrugated iron roofing sheets flying off homes.
“Nearly half the villages here are flooded,” Marcelo Picardal, vice governor of Eastern Samar province told ABS-CBN in an interview.
Three other people were missing in Ormoc after being swept away by floods on Saturday, city Mayor Richard Gomez told CNN Philippines TV in an interview.
“We need a lot of water and a lot of blankets,” Gomez added, citing widespread flooding that may have contaminated the tap water system of the city of 200,000 people.
The state weather service said more heavy rain was expected in the eastern Philippines in the coming hours with Kai-Tak forecast to slice across the rest of the central Philippines over the weekend.
Ferry services on the storm’s path were suspended due to rough seas, the civil defense office in the area said.
About 20 typhoons or weaker storms either make landfall in the Philippines or reach its waters each year, bringing annual misery and death and consigning millions of survivors to perennial poverty.
3 dead, 77,000 flee as storm pounds Philippines
3 dead, 77,000 flee as storm pounds Philippines
Closing Bell: TASI edges down to close at 12,372 points
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 0.61 points, to close at 12,372.50.
The total trading turnover of the benchmark index was SR7.36 billion ($1.96 billion) as 116 stocks advanced, while 110 retreated.
Similarly, the MSCI Tadawul Index decreased by 2.63 points, or 0.17 percent, to close at 1,549.13.
On the other hand, the parallel market, Nomu, increased, gaining 0.85 points, to close at 26,791. This comes as 20 stocks advanced while as many as 39 retreated.
The best-performing stock was Bupa Arabia for Cooperative Insurance Co. as its share price surged by 10 percent to SR275.
Other top performers included the Mediterranean and Gulf Insurance and Reinsurance Co. and Al-Rajhi Company for Cooperative Insurance, whose share prices soared by 9.97 percent and 9.93 percent, to stand at SR33.10 and SR148.40 respectively.
The worst performer was Arabian Internet and Communications Services Co., whose share price dropped by 4.46 percent to SR334.4.
Saudi Cable Co. as well as Gulf Insurance Group, did not perform well, as their share prices dropped by 3.55 percent and 3.01 percent to stand at SR76 and SR33.85, respectively.
On the announcements front, Bupa Arabia for Cooperative Insurance Co’s profits surged to SR359 million, during the first quarter of 2024, up 91 percent from SR189 million in the same quarter of the previous year.
According to Al-Ekhbariya, net investment income reached SR158 million in the first quarter compared to SR102 million in the same quarter of the previous year, marking a 54 percent increase.
Insurance revenues for the current quarter amounted to SR4.37 million, compared to SR3.75 million in the same quarter of the previous year, reflecting a significant increase of 16.63 percent.
This growth is primarily attributed to operational expansion and an increase in the number of insured individuals, as reported by the channel.
Al-Rajhi Company for Cooperative Insurance also announced its interim financial results for the period ending March 31 with revenues increasing to SR1.4 million from to SR865,298 during the similar quarter of the previous year.
This marked an increase of 50.6 percent attributed the increase to a growth in overall business volume, according to a Tadawul statement.
Similarly, net profit after zakat attributable to shareholders for the current quarter amounted to SR111,376, compared to SR61,282 during the similar quarter in previous year, an increase of 81.7 percent.
According to the company, the improvement stemmed from increased net insurance service results, rising to SR113,229 from SR97,616 in the previous year, a 16 percent surge due to business growth.
King Salman academy to host Arabic education forum in Seoul
- Scholars, teachers, linguistic experts will attend May 9 and 10
- Discussions on curricula, teaching methods and Arab culture
RIYADH: The King Salman Global Academy for Arabic Language is partnering with the Korean Association of Arabic Language and Literature and Hankuk University of Foreign Studies to host an international conference in Seoul, South Korea.
The conference, titled “Challenges and Prospects of Teaching Arabic Language and Literature,” is set for May 9 and 10, the Saudi Press Agency reported on Monday.
Participants will discuss key issues involving Arabic-language education globally and explore new approaches in response to evolving trends and needs.
The event will involve scholars, researchers and language experts; and will help promote Arab culture, the SPA reported.
The conference will focus six key areas related to teaching Arabic as a second language in Korea: modern methodologies, teaching materials, evaluation techniques, instructional strategies, and the current state of Arabic-language learning in Korea.
By bringing together experts and academics from Saudi Arabia, Korea and other regions, the conference is designed to assist Arabic-language teachers and non-native speakers.
The King Salman academy is also set to launch its upcoming international conference on computational linguistics.
Media watchdogs raise alarm over Al Jazeera ban, call for it to be lifted
- Israel’s decision sets ‘dangerous precedent,’ Committee to Protect Journalists says
- News channel vows to continue Gaza coverage, will pursue ‘every legal step’ to fight block
LONDON: Media watchdogs have condemned Israel’s decision to block Al Jazeera, raising concerns about the erosion of media freedom in the country, especially amid the ongoing conflict in Gaza.
The US-based Committee to Protect Journalists said the government’s decision set a dangerous precedent for other international media outlets operating in Israel.
“CPJ condemns the closure of Al Jazeera’s office in Israel and the blocking of the channel’s websites,” program director Carlos Martinez de la Serna said in New York.
Israel should allow Al Jazeera and all international media outlets to operate freely, particularly during wartime, he said.
The Committee to Protect Journalists condemns the Israeli cabinet’s decision to shut down Al-Jazeera’s operations in Israel and warns that the vote could set a dangerous precedent for other international media outlets working in Israel. Our statement:https://t.co/X4wQEsYl1b
— Committee to Protect Journalists (@pressfreedom) May 5, 2024
Israel’s executive authority voted on Sunday to pass a law allowing the temporary shutdown of a foreign channel’s broadcasts if the content was deemed to be a threat to security during the ongoing war.
Soon after Prime Minister Benjamin Netanyahu announced the decision, reports emerged of raids on the offices of the Qatar-backed broadcaster.
The Foreign Press Association released a statement condemning the decision as a “dark day for the media” and accused Israel of joining “a dubious club of authoritarian governments” by banning the broadcasts.
The UN’s Human Rights office also urged the Israeli government to reverse the ban
“A free & independent media is essential to ensuring transparency & accountability. Now, even more so given tight restrictions on reporting from Gaza,” it said on X.
We regret cabinet decision to close Al Jazeera in Israel. A free & independent media is essential to ensuring transparency & accountability. Now, even more so given tight restrictions on reporting from Gaza. Freedom of expression is a key human right. We urge govt to overturn ban
— UN Human Rights (@UNHumanRights) May 5, 2024
There has also been criticism of the decision from within the country, with the Association for Civil Rights in Israel filing a request to the Supreme Court to overturn the ban.
The news came amid a yearslong campaign waged against Al Jazeera by the Israeli government, which accuses it of anti-Israeli bias and “being a mouthpiece for Hamas.”
The broadcaster rejected the claims and said it would “pursue every legal step” to fight the decision.
Al Jazeera also vowed to continue its coverage from Gaza, as it remains one of the few networks with a strong presence on the ground, as foreign journalists are banned from entering the Strip without Israeli army supervision.
The network accused Israel of deliberately targeting its staff in an attempt to silence them.
“Israel’s suppression of free press to cover up its crimes by killing and arresting journalists has not deterred us from performing our duty,” it said in its response to Sunday’s ban.
Despite the ruling, the channel remains accessible through Facebook in Israel.
Pakistan ‘high priority' economic opportunity for us, Saudi top minister says in Islamabad
- 50-member Saudi delegation with representatives from 30 companies in Pakistan for investment conference
- 125 Pakistani companies negotiating with Saudi companies visiting Pakistan, petroleum minister says
ISLAMABAD: Pakistan is a “high-priority economic investment and business opportunity” for Saudi Arabia, the Kingdom’s Assistant Minister of Investment Ibrahim Al-Mubarak said on Monday, as a two-day Pak-Saudi investment conference kicked off in Islamabad with a focus on business-to-business engagements.
A 50-member delegation led by Al-Mubarak arrived in Pakistan on Sunday, comprising some 30 Saudi companies from the fields of IT, telecoms, energy, aviation, construction, mining exploration, agriculture and human resource development.
“To the Saudi government and Saudi companies, Pakistan is considered a high-priority economic investment and business opportunity,” Al-Mubarak said as he addressed the investment summit.
“We believe in the great potential of Pakistan's economy, demographics and talent as well as location and natural resources.”
Al-Mubarak said this was his second visit to Pakistan in two weeks and many influential leaders from globally renowned Saudi companies were part of his delegation.
“Today, we want to connect you [Pakistan] all to Saudi companies who desire to continue building their international presence, for Saudi Arabia's ambitions do not stop at our borders and we would like to see Pakistan as one of our leading international partners,” the Saudi official added.
“So, this gathering provides a wonderful opportunity for them [Saudi companies] to develop a deeper understanding of the great opportunities available for investment in Pakistan and to learn about related regulations, requirements, and incentives.”
Addressing a press conference in Islamabad, Petroleum Minister Dr Musadik Malik said 125 Pakistani companies were negotiating with the Saudi companies who were visiting Pakistan.
“First, there were government-to-government agreements during the visit of the Saudi foreign minister [last month] and now there will be business-to-business agreements,” he said.
“To facilitate the visiting Saudi companies, the Pakistani commerce ministry has affiliated one focal person with each Saudi company.”
Minister for Commerce Jam Kamal Khan said Pakistani and Saudi companies were discussing joint ventures and collaboration in diverse sectors.
“This delegation includes high officials of more than 32 Saudi companies … Saudi businessmen will invest in Pakistan in different stages,” Khan said at the press conference.
“Pakistani companies are present here, in the energy sector, in the food sector, in the construction sector, in the renewable section, in the ports and shipping section, and the IT services and general services.”
He said the visit by the Saudi delegation was “just the beginning” and now a Pakistani delegation would visit the Kingdom “to move forward towards the implementation phase.”
INVESTMENT PUSH
Pakistan and Saudi Arabia have been closely working in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman last month reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.
The Saudi business delegation’s visit comes on the heels of one by Sharif to Riyadh from Apr. 27-30 to attend a special two-day meeting of the World Economic Forum.
On the sidelines of the WEF conference, the Pakistani PM met and discussed bilateral investment and economic partnerships with the crown prince and the Saudi ministers of finance, industries, investment, energy, climate, and economy and planning, the adviser of the Saudi-Pakistan Supreme Coordination Council and the presidents of the Saudi central bank and Islamic Development Bank.
This was Sharif’s second meeting with the crown prince in a month. Before that he also met him when he traveled to the Kingdom on April 6-8. The Saudi foreign minister was also in Pakistan last month, a trip during which Pakistan pitched projects worth at least $20 billion to Riyadh.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as a top source of remittances to the cash-strapped South Asian country. During the first half of the current financial year, bilateral trade between Pakistan and Saudi Arabia was recorded at $2.482 billion, with Pakistan’s exports of $262.58 million and Saudi exports of $2.219 billion.
Saudi Arabia has often come to Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up forex reserves.
As things stand, Pakistan desperately needs to shore up its foreign reserves and is in talks with the International Monetary Fund (IMF) for a new bailout deal, for which it needs to signal that it can continue to meet requirements for foreign financing which has been a key demand in previous loan packages.
Last year Pakistan set up the Special Investment Facilitation Council, a body consisting of Pakistani civilian and military leaders and specially tasked to promote investment in Pakistan. The council is so far focusing on investments in the energy, agriculture, mining, information technology and aviation sectors and specifically targeting Gulf nations.
Red Wave-7 naval drill kicks off in Saudi Arabia
RIYADH: The Red Wave-7 naval exercise has started at King Faisal Naval Base, home of the Western Fleet.
As well as the Royal Saudi Naval Forces, taking part are countries including Jordan, Egypt, Djibouti, and Yemen, along with the Royal Saudi Land Forces, the Royal Saudi Air Force, and units of the Saudi Border Guard.
The commander of the Western Fleet, Rear Admiral Mansour bin Saud Al-Juaid, said the drill aimed to enhance maritime security for countries bordering the Red Sea and protect territorial waters, according to Saudi Press Agency.
The drill includes a number of scenarios featuring exercises that offer significant training opportunities. There will be strategic lectures and simulated combat exercises designed to reflect potential real-world situations.
It will promote joint and combined operations, such as surface and air warfare, electronic warfare, and countering speedboat attacks. The forces will also conduct maritime security exercises, including protecting shipping lines and combating smuggling, terrorism, piracy and illegal immigration.
Al-Juaid said naval ships, helicopters, fast response boats, naval infantry, maritime special security forces and various types of combat aircraft would all be deployed over the duration of the drill.
