ANKARA: Turkey never used chemical weapons in its operations in Syria, and takes the utmost care of civilians, a Turkish diplomatic source said, after Syrian Kurdish forces and a monitoring group accused it of carrying out a gas attack in Syria’s Afrin region.
“These are baseless accusations. Turkey never used chemical weapons. We take utmost care about civilians in Operation Olive Branch,” the source said.
Syrian Kurdish forces and a monitoring group said the Turkish military carried out a suspected gas attack that wounded six people in Syria’s Afrin region on Friday.
The source also described the accusations of wounding six civilians through a suspected gas attack as “black propaganda.”
Turkey launched an air and ground offensive last month on the Afrin region, opening a new front in the multi-sided Syrian war, to target Kurdish fighters in northern Syria.
Birusk Hasaka, a spokesman for the Kurdish YPG (people’s protection units) militia in Afrin, told Reuters that Turkish bombardment hit a village in the northwest of the region, near the Turkish border. He said it caused six people to suffer breathing problems and other symptoms indicative of a gas attack.
The Syrian Observatory for Human Rights told Reuters that Turkish forces and their Syrian insurgent allies hit the village on Friday with shells. The Britain-based war monitoring group said medical sources in Afrin reported that six people in the attack suffered breathing difficulties and dilated pupils, indicating a suspected gas attack.
The Syrian regime’s media, citing a doctor in a Afrin hospital, said Turkish shelling of the village caused choking in six people.
The claims could not be independently confirmed, and videos released from the hospital showed people being fitted with oxygen masks who did not otherwise show symptoms of gas attack inhalation such as twitching, foaming at the mouth or vomiting.
The Turkish military repeated in a weekly statement published Saturday that it does not use internationally “banned ammunition” in its Afrin operation and said, “the Turkish Armed Forces does not keep such ammunition in its inventory.”
The army also said it is careful to not harm civilians and only targets “terrorists” and their positions in the Afrin region.
On Feb. 6, the UN called for an immediate humanitarian cease-fire in Syria.
Since the onset of the conflict in 2011, the YPG and its allies have set up three autonomous cantons in the north, including Afrin. Their sphere of influence expanded as they seized territory from Daesh with US help, though Washington opposes their autonomy plans as does the Syrian regime.
US support for Kurdish-led forces in Syria has infuriated Ankara, which views them as a security threat along its frontier. Turkey sees the YPG as terrorists and an extension of the outlawed Kurdistan Workers Party (PKK) that has waged a three-decade insurgency on Turkish soil.
Turkey denies use of chemicals in Afrin, says accusations baseless
Turkey denies use of chemicals in Afrin, says accusations baseless
Closing Bell: TASI edges down to close at 12,254 points
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 101.16 points, or 0.82 percent, to close at 12,254.53.
The total trading turnover of the benchmark index was SR6.9 billion ($1.84 billion) as 75 stocks advanced while 144 retreated.
Similarly, the MSCI Tadawul Index decreased by 8.99 points, or 0.58 percent, to close at 1,539.63.
The Kingdom’s parallel market, Nomu, increased, gaining 362.13 points, or 1.38 percent, to close at 26,688.25. This comes as 34 stocks advanced while as many as 27 retreated.
The best-performing stock of the day was Fawaz Abdulaziz Alhokair Co. The company’s share price surged by 6.39 percent to SR11.32.
Other top performers include Etihad Atheeb Telecommunication Co. and Saudi Cable Co., whose share prices soared by 5.57 percent and 5.35 percent, to stand at SR125and SR74.8 respectively. National Metal Manufacturing and Casting Co. and Saudi Steel Pipe Co. also fared well.
The worst performer was Al Sagr Cooperative Insurance Co., whose share price dropped by 7.11 percent to SR33.30.
ACWA Power as well as Bawan Co., did not perform well as their share prices dropped by 6.87 percent and 5.78 percent to stand at SR420 and SR44, respectively.
On the announcements front, a general assembly of Bank AlJazira approved increasing the capital by SR2.05 billion, representing a 25 percent increase.
This growth will be achieved through the capitalization of a portion of the statutory reserves, granting one share for every four shares to strengthen the bank’s capital base and enable it to achieve its strategic objectives, according to Al-Ekhbariya.
Additionally, authorization was granted to the board of directors to distribute interim dividends on a semi-annual/quarterly basis for the fiscal year 2024. Approval was also given to the compensation and benefits policy for senior executives at Bank AlJazira.
Moreover, the profits of Banque Saudi Fransi rose to SR1.15 billion during the first quarter of 2024, a 7 percent increase compared to the same period in 2023, which stood at SR1.07 billion.
The bank attributed this growth to a rise in commission income by 27.5 percent, primarily due to higher returns on financing and investments. However, there was a slight decrease in net commission income by 0.3 percent due to an increase in specific commission expenses.
Additionally, total operating expenses decreased 6.2 percent, mainly due to a reduction in the provision for expected credit losses on loans and advances. This was partially offset by an increase in the provision for other financial assets and rising staff salaries and expenses.
On another note, the stock of Al-Rajhi Co. for Cooperative Insurance SJSC, Al Rajhi Takaful, which is counted for in the insurance sector on the main market, recorded its highest price since listing on April 25, at SR142.
Furthermore, Saudi Exchange approved the listing request for government debt instruments issued by Saudi Arabia, totaling SR5.1 billion.
These instruments comprise issuance number 2024-04-07, valued at SR1.6 billion, and 2024-04-12, valued at SR3.5 billion. Trading of these instruments will commence on April 29.
Additionally, Rawabi Holding Co., also referred to as Rawabi, has successfully concluded its largest Saudi Riyal-denominated sukuk issuance, totaling SR1.2 billion. Driven by high market demand, this milestone surpasses Rawabi’s previous issuance record of SR875 million in 2023.
Since the launch of its sukuk program in 2020, Rawabi Holding has issued approximately SR6.5 billion across 18 tranches and redeemed seven tranches totaling around SR2.9 billion.
Sweden to send NATO troops to Latvia next year: PM
- The Swedish troop contribution was the first to be announced since the Scandinavian country joined NATO in March
- The battalion would be comprised of around 400 to 500 troops
STOCKHOLM: Sweden will next year contribute a reduced battalion to NATO forces in Latvia to help support the Baltic state following Russia’s invasion of Ukraine, Prime Minister Ulf Kristersson said Thursday.
The Swedish troop contribution was the first to be announced since the Scandinavian country joined NATO in March.
Kristersson had in January announced that Sweden would likely send a battalion to take part in NATO’s permanent multinational mission in Latvia, dubbed the Enhanced Forward Presence, aimed at boosting defense capacity in the region.
“The government this morning gave Sweden’s armed forces the formal task of planning and preparing for the Swedish contribution of a reduced mechanized battalion to NATO’s forward land forces in Latvia,” Kristersson told reporters during a press conference with his Latvian counterpart Evika Silina.
He said the battalion, which will be in Latvia for six months, would be comprised of around 400 to 500 troops.
“Our aim is a force contribution, including CV 90s armored vehicles and Leopard 2 main battle tanks.”
“We’re planning for the deployment early next year after a parliament decision,” he said.
Pakistani court bars ex-PM Khan, wife from issuing statements against state institutions
- Accountability court directs media personnel to confine reporting to proceedings of the trial only
- Khan widely believed to have fell out with army, leading to ouster from PM office in 2022
ISLAMABAD: A Pakistani accountability court judge recently barred former prime minister Imran Khan and his wife, Bushra Bibi, from issuing “derogatory” or “inflammatory” statements against state institutions and their officials.
Khan, who was PM from 2018-2022, remains jailed in multiple cases, including a 14-year jail sentence for him and his wife for the illegal sale of state gifts. Khan was first imprisoned after being handed a three-year prison sentence in August 2023 by the Election Commission for not declaring assets earned from selling gifts worth more than 140 million rupees ($501,000) in state possession and received during his premiership. In January, Khan and wife Bushra Bibi were handed 14-year jail terms following a separate investigation by the country’s top anti-graft body into the same charges involving state gifts.
Khan blames Pakistan’s powerful military, which has ruled the country directly for over 30 years, for colluding with his rivals to remove him from office via a parliamentary vote in April 2022 and subsequently cracking down on his supporters. The military denies his accusations and has repeatedly said it does not interfere in political matters.
On Friday, accountability court judge Nasir Javed Rana heard Khan’s petition requesting a fair trial. The PTI founder had sought the removal of glass and wooden structures erected at the Central Prison in Rawalpindi, where an appeal against his conviction is being heard. He had also alleged that reporters were not being allowed to attend proceedings, saying that the actions violated the principles of an open trial ordered by the court.
“The accused persons shall refrain from making any political, inflammatory and/or derogatory statements vis-a-vis state institutions and the officials insinuating anything to them,” a copy of the order, seen by Arab News that emerged on Thursday, read.
“The media personnel shall confine their reporting to the proceedings of the trial and shall not publish/report any statements in the trial proceedings, as witness or as counsel,” it added.
Khan’s convictions mean he is banned from holding public office and ruled the 71-year-old out of general elections earlier this year. Arguably Pakistan’s most popular politician, Khan says all cases against him are motivated to keep him out of politics.
Tensions between Khan and the military escalated in May 2023, when angry supporters of his party took to the streets in response to his brief detention, and torched government buildings and ransacked military installations in many parts of the country.
The army cracked down on Khan’s supporters and leaders following the attacks. Khan denied he had incited his supporters to protest violently, saying he was in detention when they erupted.
Doner diplomacy: German president’s kebab trip to Turkiye sparks controversy
- German-Turkish say 60-kg kebab skewer brought from Germany in diplomatic mission reduces community’s contributions to stereotypical image
LONDON: German President Frank-Walter Steinmeier’s visit to Turkiye this week has stirred controversy after he brought along a 60-kg kebab skewer as part of his diplomatic mission.
Starting his three-day tour in Istanbul instead of Ankara, Steinmeier served kebabs at a reception, viewing it as a symbol of cultural exchange between the two nations.
“It is these special and intense relationships that bridge distances, and also some differences, today,” he said.
However, rather than emphasizing the close personal ties between Germans and Turks, the gesture drew criticism from many in the diaspora who viewed it as reducing their community’s contributions to a stereotypical image.
Germany, home to 2.7 million people of Turkish descent, welcomed hundreds of thousands of workers in the 1960s as part of its “guest worker” program, a bilateral agreement with Ankara to address labor shortages.
Turkish-Germans took to social media to condemn what they saw as a clumsy attempt to represent their community, accusing Steinmeier of failing to take them seriously or treat them as equals.
“Turkish-Germans discovered the 1st COVID vaccine in the world; some were movie directors who won awards on behalf of Germany, numerous writers, musicians, intellectuals from Turkey call Germany home,” wrote Evren Celik Wiltse, a professor of political science, on X.
“Of all of these, the (German) president chose the kebab maker to accompany him to (Turkiye)”, she added.
Turkish-Germans discovered the 1st COVID vaccine in the world; some were movie directors who won awards on behalf of Germany, numerous writers, musicians, intellectuals from Turkey call Germany home.
— Evren Celik Wiltse (@EvrenWiltse) April 22, 2024
Of all these, the president chose the kebab maker to accompany him to https://t.co/ZVMHyi48P0
Berkay Mandıracı, a senior analyst of Turkish-German heritage at the non-governmental organization Crisis Group, acknowledged that the gesture was well-intentioned but felt it was “anachronistic and reductionist.”
A well-intended gesture, I'm sure, but somehow not belonging to this age. As someone born and raised (until I was 12) in Germany, this feels anachronistic and reductionist.
— Berkay Mandıracı (@BerkayMANDIRACI) April 23, 2024
But let's not read too much into it and hope the rest of the visit will deepen Turkish-German ties https://t.co/ZjUvCLH7ES
The faux pas, which risked overshadowing the celebration of 100 years of diplomatic ties between the two nations, received the approval of Arif Keles, a third-generation kebab shop owner invited on the delegation trip by Steinmeier.
Keles, who served kebabs during the reception, described the opportunity as a “great honor.”
The dish of thinly sliced meat cooked on a vertical rotisserie was introduced to Germany by Turkish migrants.
Packed with chopped vegetables and doused with mayonnaise, the doner kebab has gained iconic status.
Local sales of the kebab total an estimated €7 billion ($7.5 billion), an immigrant success story the German presidency wanted to celebrate as an example of “how much Turkiye and Germany have grown together.”
Relations between Berlin and Ankara have been strained by various disputes, including disagreements over the Gaza conflict.
Steinmeier, visiting Turkiye for the first time since assuming office in 2017, has had a challenging relationship with Turkish President Recep Tayyip Erdogan, criticizing him for his approach to concerns about democratic norms in Turkiye.
Turkish-Germans have long spoken up about economic and social exclusion. Last year, Germany agreed to significantly ease citizenship rules to allow more dual nationals, a move welcomed by many Turkish individuals who have lived in Germany for decades.
With AFP
Rapid expansion of batteries crucial to meet COP28 climate goals: IEA
RIYADH: Global battery production must be scaled up to meet the climate security goals set at COP28, according to the International Energy Agency.
In its latest report, IEA said battery technology witnessed unprecedented growth in 2023, outstripping almost all other clean power source solutions.
The think tank added that an expected sharp fall in battery costs will accelerate the shift to renewable energy from fossil fuels in the coming years.
“Growth in batteries outpaced almost all other clean energy technologies in 2023 as falling costs, advancing innovation and supportive industrial policies helped drive up demand for a technology that will be critical to delivering the climate and energy targets outlined at the COP28 climate conference in Dubai,” said IEA in the report.
It added: “After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets.”
During the COP28 summit, nearly 200 countries agreed to triple renewable energy capacity by 2030, double the pace of power source efficiency improvements, and transition away from fossil fuels.
The report added that 1,500 gigawatts of battery storage would be required to triple renewable capacity globally by the end of this decade.
However, IEA warned that a shortfall in deploying enough batteries could stall clean energy transitions in the power sector.
Battery manufacturing
According to IEA, battery manufacturing has more than tripled in the last three years, with China accounting for 83 percent of current production capacity, up from 75 percent in 2020.
The report added that 40 percent of announced plans for new battery manufacturing are in advanced economies such as the US and EU.
“If all those projects are built, those economies would have nearly enough manufacturing to meet their own needs to 2030 on the path to net zero emission,” said IEA.
In the earlier days, the most common type of batteries, those based on lithium-ion, were typically associated with consumer electronics. However, today, the energy sector accounts for over 90 percent of overall battery demand, said the report.
The intergovernmental organization added that battery deployment in the power sector increased by more than 130 percent in 2023 compared to the previous year, adding a total of 42 GW.
Moreover, batteries have enabled electric car sales to surge from 3 million in 2020 to almost 14 million last year in the transport sector.
Earlier in April, another report by IEA revealed that global sales of electric cars grew by approximately 25 percent in the first quarter of this year compared to the same period in 2023.
“The electricity and transport sectors are two key pillars for bringing down emissions quickly enough to meet the targets agreed at COP28 and keep open the possibility of limiting global warming to 1.5 degrees Celsius, ” said Fatih Birol, IEA’s executive director.
He added: “Batteries will provide the foundations in both areas, playing an invaluable role in scaling up renewables and electrifying transport while delivering secure and sustainable energy for businesses and households.”
Falling costs
According to IEA, battery costs have fallen by over 90 percent in less than 15 years, one of the fastest declines ever seen in clean energy technologies.
However, the agency highlighted that costs must come down further without compromising quality and technology.
“The combination of solar PV (photovoltaic) and batteries is today competitive with new coal plants in India. And just in the next few years, it will be cheaper than new coal in China and gas-fired power in the US. Batteries are changing the game before our eyes,” said Birol.
According to IEA, ensuring energy security also requires greater diversity in supply chains, including extracting and processing the critical minerals used in batteries.
Birol noted that governments worldwide have an important role in building resilient local and international supply chains to ensure that securely and sustainably produced batteries come to market at a reasonable cost.
“Legislation such as the Inflation Reduction Act in the US, the Net-Zero Industry Act in the EU, and the Production Linked Incentive in India are good examples of how policy can affect real change in the industry by backing technology manufacturing,” said Birol.
He also underscored the necessity to implement supportive policies to help speed up deployment by minimizing barriers to market entry for developers and reducing red tape that can stifle new projects.
Key to energy transition
In its report, IEA also highlighted the versatility of battery storage to ensure clean energy transition.
“In the power sector, batteries help smooth out the variability of renewable electricity from technologies such as wind and solar,” said the agency.
IEA added that battery storage can alleviate grid congestion in times of high supply, offering an outlet to capture and store excess renewable electricity that would otherwise be lost.
“Reducing emissions and getting on track to meet international energy and climate targets will hinge on whether the world can scale up batteries fast enough. More than half the job that we need to do will rely, at least in some part, on battery deployment,” added Birol.
Moreover, batteries can also provide critical service in the case of emergencies caused by extreme weather or other disruptions.
The deployment of batteries will also provide the grid with highly technical services, such as voltage and frequency control, that can help system operators and provide access to people who lack electricity.
“In a pathway to achieving universal energy access worldwide by 2030, they help 400 million people in emerging and developing economies gain electricity access through decentralized solutions like solar home systems and mini-grids with batteries,” IEA concluded.
