Egypt’s El-Sisi confirms deadly car blast was ‘terrorist incident’

President Abdel Fattah El-Sisi offered his condolences to the victims’ families and the Egyptian people. (Shutterstock)
Updated 06 August 2019
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Egypt’s El-Sisi confirms deadly car blast was ‘terrorist incident’

  • Both the ministry and police said they suspected the Hasm group, an armed affiliate of the Muslim Brotherhood, of being behind the attack
  • Four of the 20 people killed remain unidentified, the health ministry said, while 47 others were wounded

CAIRO: A huge blast which killed 20 people in central Cairo was caused by a speeding car packed with explosives, Egyptian officials said Monday as the president decried a “terrorist incident.”

The car was driving against the traffic when it smashed into three other vehicles just before midnight Sunday evening, setting off a massive explosion just outside the country’s National Cancer Institute.

Four of the 20 people killed remain unidentified, the health ministry said, while 47 others were wounded. Between “three and four (of the injured) are in critical condition in the intensive care unit,” Khaled Megahed, a spokesman for the health ministry, told a press conference.
He said they suffered from burns of varying degrees.




At least 19 people were killed and more than 30 injured when a speeding car driving against traffic crashed into three others causing a huge explosion in the capital. (Aly FAHIM /AFP)

Body parts were also retrieved from the scene, he added. President Abdel Fattah El-Sisi described the blast as a “terrorist incident.” In a social media post, he offered his condolences to the victims’ families and the Egyptian people. The interior ministry said a technical inspection indicated “an amount of explosives was inside the car, which caused it to explode when it collided.”

Both the ministry and police said they suspected the Hasm group, an armed affiliate of the Muslim Brotherhood, of being behind the attack.

Social media users posted footage of cars ablaze at the scene and of patients being evacuated from the Cancer Institute, which was severely damaged and charred in the explosion. Megahed said 78 cancer patients from the institute were moved to other hospitals to continue their treatment.


PCB chief announces $100,000 reward for each player if Pakistan wins T20 World Cup

Updated 4 min 49 sec ago
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PCB chief announces $100,000 reward for each player if Pakistan wins T20 World Cup

  • Mohsin Naqvi made the announcement during his visit to Qaddafi Stadium, where the Babar Azam-led side has been practicing
  • The Pakistan side is scheduled to travel to Ireland, England for T20 tours later this month, followed by the World Cup in June

ISLAMABAD: Mohsin Naqvi, chief of the Pakistan Cricket Board (PCB), has announced $100,000 reward for each player in case the national side wins the upcoming Twenty20 World Cup, the PCB said on Sunday.
Naqvi made the announcement during his visit to the Qaddafi Stadium in Lahore, where the Babar Azam-led side began the national camp on Saturday, according to the PCB.
He stayed there for two hours and held a detailed discussion with Pakistan players on the strategy of upcoming games.
“This reward is nothing compared to Pakistan’s victory,” Naqvi was quoted as saying.
“I hope you will raise the green flag. Play without any pressure and compete hard. God willing, victory will be yours.”
The Pakistan side is scheduled to travel to Ireland and England for T20 tours later this month.
The tours will help the side prepare for the T20 World Cup scheduled to be held in the United States and the West Indies in June.


French classical concert tour for children in Saudi Arabia comes to an end

Updated 18 min 45 sec ago
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French classical concert tour for children in Saudi Arabia comes to an end

  • Audience was mostly made up of parents with young children
  • Concert was organized by Alliances Francaises in partnership with the French Embassy in Saudi Arabia and other French organizations

ALKHOBAR: Fresh from performances in Riyadh and Jeddah, the Concert Impromptu, a classical ensemble made up of French musicians that was established in 1991, journeyed into Alkhobar on Saturday for the final stop on a tour presenting a program designed specially for children. 

There was a palpable energy at the concert, which was held at the newly opened Saudi Music Hub space, a colorful cluster of buildings near the corniche. 

Yves Charpentier played the flute; Violaine Dufes the oboe; Jean Christophe Murer the clarinet; Emilien Drouin the French horn; and Vincent Legoupil the bassoon.

They started with Mozart, who had famously started off composing as a child, and then went on to other classical compositions that they joked were possibly something the audience had heard previously only as somebody’s ringtone.

The audience was mostly made up of parents with young children.

One such attendee was Abul Fahimuddin, who recently moved to Dhahran with his wife, Joana Macutkevic, and their two young daughters. As soon as he heard about the concert, he immediately signed them all up.

“Me and my family have just arrived from Norway several months (ago) … we came to know there is a music concert. We're very keen on what’s happening in the Alkhobar area because we’re living here in Aramco Camp,” Fahimuddin told Arab News.

His two daughters, dressed in pretty blue and white dresses, were plainly delighted to be there.

“I’m excited to see what instruments will be played and how the theater will look. I used to play piano but because of (the pandemic), I had to stop my piano lessons,” Kaja, 11, told Arab News before the show. 

Stella, 8, who likes to sing, was giddy. “I’m also excited — like Kaja,” Stella said. “Now in my school, we started to play the xylophone.”

The Fahimuddin family came to the concert to enjoy the experience, but also with the aim to connect with other families that have recently arrived in the Kingdom and to be part of the budding creative community in the area. 

“Music is a universal language; we don’t need to speak the same language to enjoy and feel the same atmosphere and the vibe,” Macutkevic told Arab News. “And, for the girls, hopefully the concert will make them more curious about the instruments and about the music,” she added. 

Each musician took the time to playfully interact with the audience, and took the time to ask and answer questions and to explain what each instrument was and how to play it.

While the musicians played as an ensemble, they also had solo parts and, at the end, Dufes took the lead, instructing the audience to snap their fingers, clap and make specific sounds while her fellow musicians played along.

“Now you are all musicians,” she told the crowd at the end, to roars of laughter. 

The event was organized by Alliances Francaises in partnership with the French Embassy in Saudi Arabia and other French organizations.


Saudi Rasan to offer 30% shares for IPO on Tadawul

Updated 26 min 24 sec ago
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Saudi Rasan to offer 30% shares for IPO on Tadawul

RIYADH: Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market.

The company, along with its subsidiaries, will list the shares, which represent 30 percent of its issued share capital, on Tadawul through the sale of 17.4 million existing ordinary shares as well as 5.3 million new ordinary shares, according to a statement.

While the existing ordinary shares account for 23 percent of the company’s issued share capital, the new ordinary shares represent 7 percent.

This comes following the Capital Market Authority’s approval in March of the fintech firm’s application for registering its share capital and offering the total number of ordinary shares, with a nominal value of SR1 ($0.27) per share.

Moreover, the offering proceeds after deducting IPO-related expenses will be distributed to the selling shareholders equally based on their shareholding in the existing ordinary shares.

The remaining proceeds are set to be distributed to the company in order to expand its current operations and products, market and develop new products, as well as finance the general purposes of the firm and its subsidiaries.

The final price of the offer shares, which account for the existing and new ordinary shares combined, will be determined by the existing shareholding and the company, in consultation with the financial advisers, following the book-building process and prior to commencement of the subscription period for individual subscribers.

The financial advisers include Saudi Fransi Capital and Morgan Stanley Saudi Arabia.


Saudi Aramco raises June’s Arab light crude price to Asia

Updated 32 min 27 sec ago
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Saudi Aramco raises June’s Arab light crude price to Asia

RIYADH: Saudi Aramco raised June’s official selling price for the flagship Arab light crude it sells to Asia, according to an official statement.

Differentials for the flagship Arab Light grade were priced at Platts Dubai/DME Oman +$2.90 per barrel, up from +$2 a barrel in April.

This was the highest OSP in five months and largely in line with expectations, based on a firmer market structure and higher spot premiums last month for tradable Middle East grades such as Oman, Al Shaheen and Upper Zakum.

The higher OSPs also came after the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, maintained the first quarter round of voluntary cuts into the second quarter, while the global crunch on supplies of sour crude also underpinned Middle East grades.

Arab Medium was increased by $1 per barrel to +$2.35 per barrel, while Arab Heavy was hiked $1.10 a barrel to +$1.60 per barrel.

For Northwest Europe, the Arab Light OSP was set +$2.10 per barrel over ICE Brent futures, up from +$0.30/b while Medium was hiked from minus $0.40/b to +$1.10/b. Both grades were hiked to reflect the relative weakness in Brent compared to sour barrels.

Arab Light for April to the US Gulf was kept unchanged at +$4.75 per barrel over ASCI, while Medium was at +$5.45/b and Heavy at +$5.10/b, respectively, both slightly lower on the month.


Jordanian-Iraqi economic forum begins at Dead Sea resort

Updated 37 min 26 sec ago
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Jordanian-Iraqi economic forum begins at Dead Sea resort

  • A specialized session will focus on investment prospects in various economic sectors

AMMAN: Jordanian Minister of Investment Kholoud Saqqaf opened the Economic Forum for Financial, Industrial, and Commercial Partnerships between Iraq and Jordan on Sunday.
The forum, which is organized jointly by the Iraqi Business Council in collaboration with the Jordan and Amman chambers of industry, aims to strengthen economic ties between the two countries.
Held at the King Hussein Convention Center on the shores of the Dead Sea, the forum is the largest regional gathering for fostering economic cooperation between Jordan and Iraq, Jordan News Agency reported.
Over two days, the event will promote regional integration by facilitating economic connectivity and encourage collaboration across sectors.
Discussions will cover investment opportunities in Jordan and Iraq, prospects for commercial and industrial ventures, economic modernization initiatives, and opportunities in Jordan’s free and development zones.
Key figures attending include Kamel Dulaimi, the Iraq president’s chief of staff, ministers from Jordan and Iraq, as well as business leaders, investors and representatives from Arab and foreign companies.
Discussions are expected to focus on the banking sector’s role in providing financial support, while highlighting success stories from investment companies in both countries.
A specialized session will focus on investment prospects in various economic sectors, with a particular emphasis on mining and industry.
At the opening, Saqqaf highlighted investment prospects displayed on the Invest in Jordan platform, which align with the kingdom’s Economic Modernization Vision.
Meanwhile, Iraqi Minister of Industry and Mineral Resources Khaled Battal Al-Najm drew attention to his country’s industrial strategy and plans for a joint economic zone with Jordan, alongside efforts to address unemployment and attract foreign investment, especially in mining.
Dulaimi emphasized the significance of Iraqi President Abdul Latif Rashid’s recent visit to Jordan, underscoring discussions aimed at strengthening ties and enhancing economic systems to facilitate investment projects.