RAMALLAH: Two Palestinians were killed Saturday during an Israeli army raid in the occupied West Bank, the Palestinian health ministry said.
The two young men were shot dead by Israeli forces “during an assault on the village of Jaba, south of Jenin” in the north of the West Bank, the ministry said.
No further details were provided on the circumstances surrounding their deaths.
The Israeli army said in a brief statement that it had launched “counterterrorism activity” near the village, during which “suspects shot live fire” at them from a passing vehicle.
“The soldiers responded with live fire. Hits were identified,” it said, adding that no Israeli soldiers were reported injured.
The Palestinian health ministry named the two young men killed as Ezzedine Bassem Hamamra, 24, and Amjad Adnan Khaliliya, 23.
A third Palestinian, 19-year-old Yazen Samer Jaabari, died of his injuries after he was shot by Israeli forces earlier this month, the ministry said.
He was wounded during in Israeli army operation on January 2 in the village of Kafr Dan, near Jenin, in which two other Palestinians were killed, according to the official Palestinian news agency Wafa.
The latest deaths bring up to 12 the toll of Palestinians killed this year during violence in the West Bank, occupied by Israel since 1967.
Israeli forces have launched near-daily raids in the West Bank following a wave of deadly attacks in Israel last year.
The surge in bloodshed last year saw at least 26 Israelis and 200 Palestinians killed across Israel and the West Bank, according to an AFP tally.
More than 150 of the fatalities were in the West Bank.
Israeli forces kill two Palestinians in West Bank: Palestinian ministry
https://arab.news/7m84p
Israeli forces kill two Palestinians in West Bank: Palestinian ministry
- Israeli army said it had launched “counterterrorism activity” near the village
- The two young men killed were Ezzedine Bassem Hamamra, 24, and Amjad Adnan Khaliliya, 23
Saudi Arabia’s KSrelief donates tonnes of dates and food aid to families in need
RIYADH: Saudi aid agency KSrelief has donated 40 tonnes of dates to Malaysia and Poland, the Saudi Press Agency reported on Thursday.
In Warsaw, Poland, 15 tonnes of dates were handed over, while in Malaysia a further 23 tonnes were distributed as part of the agency’s ongoing work to assist those most in need.
On Wednesday, meanwhile, the Saudi Ministry of Islamic Affairs, Dawah and Guidance launched the Kingdom’s gift program to distribute dates and iftar meals in Amman, Jordan.
The first stage involves the delivery of approximately 5 tonnes of dates to more than 20,000 people.
The second part of the program aims to provide iftar meals to over 7,000 people.
KSrelief also provided 2,900 food aid parcels to Montenegro, Bangladesh, Pakistan, Benin and Sudan, benefiting 14,275 people.
Saudi media giant SRMG’s revenue grows to $997m
RIYADH: Saudi Research and Media Group’s revenues hit SR3.74 billion ($997 million) in 2023, reflecting a 0.98 percent increase compared to 2022 figures.
According to a Tadawul statement, this increase in sales is primarily attributed to enhanced revenue generated by the publishing and visual and digital content segment, as well as other divisions.
However, the printing and packaging business witnessed a decline in revenues due to several planned projects not being secured.
The total shareholders’ equity for the parent company, after excluding non-controlling interest, as of Dec. 31, 2023, stands at SR3.08 billion, reflecting a 16.26 percent increase compared to the corresponding period a year earlier.
Meanwhile, SRMG’s net profits reached SR559 million by the end of last year, showing a decrease of 13.74 percent compared to the same period in 2022.
The decline was primarily attributed to the drop in revenue of the printing and packaging division, along with the goodwill impairment associated with the same segment, in addition to the operating costs of certain projects.
In January, SRMG, the largest integrated media group from the Middle East and North Africa region, announced the appointment of several new editors-in-chief, deputy editors-in-chief, and assistant editors-in-chief.
This announcement aligned well with SRMG’s digital transformation, growth, and expansion strategy, showcasing the group’s dedication to cultivating the next generation of journalists and media professionals to meet the demands of audiences worldwide.
Moreover, this decision reflected the significant shift in regional media consumption habits, particularly with the increasing popularity of digital, social, and audio-visual media platforms.
Foreign direct investment inflows to Saudi Arabia hit $5.17bn in Q4 2023
RIYADH: Foreign direct investment inflows to Saudi Arabia rose 17 percent in the fourth quarter of 2023 compared to the previous period, according to recent data.
The analysis, released by the General Authority of Statistics, utilizes an updated approach characterized by heightened transparency and governance standards. FDI inflows were shown to have reached SR19.38 billion ($5.17 billion), up from SR16.6 billion in the third quarter.
FDI outflows, representing the Kingdom’s investments in foreign countries, also increased by around 17 percent to SR6.19 billion during this period. Consequently, the net inflow, reflecting the difference between the two, reached SR13.187 billion.
The updated methodology for calculating FDIs aligns with international standards and was developed to enhance accuracy and comprehensiveness through collaborative efforts by the Ministry of Investment, the General Authority for Statistics, and the Saudi Central Bank, in conjunction with the International Monetary Fund.
The new methodology reflects the Kingdom’s commitment to enhancing investment promotion and transparency, aiming to create an attractive global financial environment.
This effort includes initiatives such as the National Investment Strategy, the Regional Headquarters Program, and zero-income tax incentives for foreign companies. These measures are seen as essential for advancing Vision 2030, which aims to expand and diversify Saudi Arabia’s economy.
In 2023, the Kingdom saw a 12 percent increase in FDI inflows, reaching SR72.28 billion compared to SR64.6 billion in 2022. This excludes a major SR58.1 billion deal with Aramco in 2022, where a consortium led by BlackRock Real Assets and Hassana Investment Co. acquired a 49 percent stake in a new gas pipeline subsidiary.
Saudi Arabia’s regional headquarters program has attracted multinational corporations like Google, Microsoft, and Amazon to establish operations in the Kingdom. Additionally, companies such as Northern Trust, Bechtel, and Pepsico from the US, as well as IHG Hotels & Resorts, PwC, and Deloitte from the UK, have joined this initiative.
These moves enable these companies to participate in government contracts, energize Saudi Arabia’s hospitality sector, and establish it as a global business hub.
Looking ahead, the Kingdom aims to achieve an FDI inflow target of SR388 billion by 2030, equivalent to 5.7 percent of gross domestic product, while positioning itself among the 15 largest economies in the world.
Oman reveals artistic team headed to Venice Biennale
DUBAI: The Sultanate of Oman has announced its second national pavilion at the 60th International Art Exhibition - La Biennale di Venezia. The exhibition, titled "Malath-Haven," will run from Apr. 20 to Nov. 24, this year.
Curated by artist and gallerist, Alia Al-Farsi, the inaugural display in Venice showcases new artworks by Omani contemporary artists Dr. Ali Al-Jabri, Essa Al-Mufarji, Sarah Al-Olaqi, Adham Al-Farsi and Alia Al-Farsi.
In line with the 2024 Biennale’s curatorial theme "Foreigners Everywhere," the artists will present a body of work that captures the essence of Oman's multicultural legacy.
Sayyid Saeed Al Busaidi, Commissioner, Undersecretary for the Ministry of Culture, Sports and Youth for Culture, said in a statement: “We are delighted to return to this enchanting city for the second time, showcasing the rich artistic heritage of our nation. Our presentation will spotlight a diverse collection of contemporary artwork created by talented Omani artists.”
“Additionally, the Ministry is committed to fostering artistic development nationwide through various programs aligned with the Venice Exhibition. The participation of the Sultanate of Oman in the International Art Exhibition holds significant importance within the framework of intercultural dialogue and human interaction diversity. As a platform renowned for its celebration of global artistic expression, the Biennale Arte offers Oman a unique opportunity to showcase its rich cultural heritage and artistic innovation on an international stage.”
Curator Al-Farsi added, “The four chosen artists representing the Sultanate of Oman at the 60th International Art Exhibition have each made noteworthy and commendable contributions to their communities, effectively revitalizing the contemporary art scene in Oman throughout their careers. Their impact extends beyond their artistic endeavours, serving as inspiration for new generations of artists.”
Unemployment rate in Saudi Arabia drops to 4.4% in Q4 2023: GASTAT
RIYADH: Saudi Arabia’s overall unemployment rate dropped to 4.4 percent in the fourth quarter of 2023, marking a decrease of 0.4 percentage points from the same period in 2022.
When compared with the previous three months, the latest report from the General Authority for Statistics revealed a 0.7 percentage point decline in the Kingdom’s joblessness rate in the fourth quarter of 2023.
GASTAT data showed that non-employment among Saudi nationals stood at 7.7 percent in the fourth quarter of last year, indicating a decrease of 0.3 percentage points compared to the same period in 2022.
However, the participation of locals in the labor force during the last three months of 2023 decreased by 1.2 percentage points year on year, reaching 51.3 percent.
Reducing the number of people without jobs is a crucial objective outlined in Saudi Arabia’s Vision 2030, with goals set for such rate to decrease to 7 percent by the end of the decade, alongside a projected women’s participation rate in the workforce of 30 percent.
In the fourth quarter, the unemployment rate among Saudi females decreased by 2.6 percentage points to 13.7 percent compared to the previous three months.
For Saudi males, this remained unchanged at 4.6 percent in the fourth quarter, while their labor force participation decreased by 0.2 percentage points to 66.6 percent.
Meanwhile, the employment-to-population ratio among women increased by 0.6 percentage points to 30.70 percent during the same period.
The GASTAT survey revealed that a significant 94.9 percent of Saudi nationals without jobs are open to working in the Kingdom’s private sector.
Moreover, 80.1 percent of non-employed Saudi females and 91 percent of males indicated that they would accept work for eight hours or more per day.
The report showed that 62.1 percent of non-employed Saudi females and 43.8 percent of males are willing to commute for a maximum of one hour.
The most commonly used active job search method among Saudis was to seek assistance from friends and relatives, with 85.6 percent of aspirants following this practice.
GASTAT reported that 73 percent of Saudi job seekers applied directly to employers, while 59.4 percent made use of the National Employment Platform, also known as Jadarat.