AL-MUKALLA: A missile believed to have been launched by Yemen’s Houthi militia struck a vessel off Yemen’s southern city of Aden on Thursday, as the US military said that it had shot down a fresh barrage of Houthi missiles and drones in the Gulf of Aden.
The UK Maritime Trade Operations, which documents ship attacks, said that it received a report from a vessel master about an explosion at “a distance astern of” the vessel while sailing 50 nautical miles southeast of Yemen’s city of Aden. The master reported no damage, and the crew was unharmed.
“The vessel is proceeding to its next port of call. Authorities are investigating,” UKMTO said.
The latest ship attack comes as the US Central Command said that the Houthis launched one anti-ship ballistic missile from areas under their control between 2 a.m. and 4:50 p.m. (Sanaa time) on Wednesday against international commercial and naval ships in the Gulf of Aden, but no ship was struck.
On Thursday, the US military shot down four drones and one surface-to-air missile launched by the Houthis from regions under their control in Yemen, according to a CENTCOM statement on social media site X.
The Houthis did not immediately take credit for assaulting the ship in the Gulf of Aden on Thursday or launching drones or missiles that were intercepted by US forces.
However, the Houthis routinely claim credit for Red Sea ship strikes hours after they occur.
Houthi media said on Thursday that the US and UK launched four strikes on the Al-Jah district of the Red Sea province of Hodeidah, a day after another round of strikes hit Hodeidah airport.
Since November, the Houthis have fired hundreds of drones, missiles, and remotely controlled boats at commercial and navy ships in the Red Sea, Bab Al-Mandab Strait, and Gulf of Aden, claiming that their actions are intended to force Israel to allow humanitarian assistance, including water and food, into the Palestinian Gaza Strip.
At the same time, the diplomatic missions of Australia, Canada, Japan, New Zealand, the UK, and the US all condemned the Houthi attacks on ships in the Red Sea, including the Houthi missile attack on the Liberian-owned MV True Confidence, which killed two Filipino and one Vietnamese civilian sailors.
“It is critical that the Houthis cease these attacks immediately. These illegal attacks have taken the lives of innocent sailors and only serve to destabilize the region and harm the people of Yemen,” the diplomats said in a joint statement.
The top Houthi negotiator, Mohammed Abdul Sallam, responded to the global condemnation of the militia’s attacks on ships by saying that they would continue to uphold their “religious, humanitarian and moral responsibilities” toward Palestinians by blocking the Red Sea before all ships headed to Israel and striking ships until Israel ends its siege on Gaza.
“We emphasize that Yemen’s stance is solid and will remain on Gaza’s side until the Israeli assault ceases, the blockade is removed, and aid reaches the whole Strip,” Abdul Sallam said on X.
Houthis attack ship in Gulf of Aden
https://arab.news/gcnc3
Houthis attack ship in Gulf of Aden
- Militia fired missile in Gulf of Aden, no damage reported, US Central Command says
- US military shoots down 4 drones, 1 surface-to-air missile launched by Houthis from area under their control
Artificial Intelligence in cricket’s landscape is here to stay
- AI is transforming the way that matches are approached, played, and, increasingly, how teams are managed
The revelation that the England’s women’s cricket team used artificial intelligence in its selection process has attracted attention in the English press. It should not have done so. During the announcement of the England women’s squads to play Pakistan in May, the head coach, Jon Lewis, said that during the Ashes series in 2023, AI proved to be very helpful in several selections. As an example, a decision was made in relation to two players who were in very good form. They were equally selectable, but AI guided a borderline decision which proved to be crucial.
Purists will, no doubt, wring their hands at the thought of selectors abrogating responsibility to a machine outcome. If they fear that teams are being selected entirely by a machine rather than humans, they are likely to have to wait a little longer. Selectors and coaches remain people oriented, needing to understand a player’s individual state and motivation at any given time. Data about performance is used to supplement that knowledge. This has always been the case. Averages, though not perfect, have long been used to guide selection and many a captain and coach has kept a “black book” to record the strengths, weaknesses and idiosyncrasies of opponents.
However, enhanced computing power and programs, coupled with the recording of longer runs of historic data, have combined to create an explosion of analytical capability over the last 15 years. AI’s simulation of human intelligence, based on quick processing of large data sets, generates learning on which intelligent decisions can be made. Such outcomes can provide an objective view of what could happen in certain situations between a batter and a bowler, based upon what happened in previous encounters. This leads to so-called “matchups,” in which one or the other is targeted by someone they do not perform so well against. There is nothing new in this approach, but data analysis allows much more precise assessments to be made.
There are now armies of data analysts in cricket and T20 franchise tournaments have been at the root of their proliferation. This has been especially prevalent in India, driven by the Indian Premier League, the fervent interest in the game amongst the Indian population and the country’s ever burgeoning IT capabilities.
The use of AI outcomes is transforming the way that matches are approached, played, and, increasingly, how teams are managed. It is argued that better informed decisions will enhance human capabilities, particularly in situations where split-second decisions determine the outcome of a game. It is not easy to comprehend how AI is going to help a captain make a split-second decision on the last ball or two of a match. Surely, it is then down to human instinct and calculation.
In terms of selection, AI is already being used, especially in terms of attempting to generate matchups. One area in which it could present clarity is in assessing pitch conditions, a variable which can confound captains and match planners. Those who may resent AI’s growing influence must realize that it is already ubiquitous in the game.
An early manifestation was Hawk-Eye, back in 2001. This multi-camera setup tracks the flight of a ball and predicts what will happen to it next. It has been used in cricket for more than 20 years and is an integral part of the Decision Review System, now a fixture of cricket’s international landscape. Under this, a batter or fielding side can request that a decision of the on-field umpire can be reviewed by an off-field umpire using off-field technology. None of this would be possible to achieve without prior analysis of multiple previous examples of ball tracking.
There are less obvious applications of AI, at least to the spectator. Wearable technology is one. In cricket and other sports, wearables are used to monitor health and fitness. AI algorithms analyze the data to provide intelligence on a player’s health, injury potential and an appropriate training regime. In recruitment, much more detailed and extensive data is available for analysis than ever before about a player’s performance and suitability for a team.
One aspect of AI which fans will recognize is that of ever-increasing efforts to engage them more. Algorithms generate personalized content, manage ticket pricing and generate chatbots to provide real-time, personalized responses to queries, all aiming to enhance the overall fan experience. A part of this revolves around score and result prediction. These have become increasingly prevalent and accurate, of particular relevance to the betting community. They base calculations on how players and teams have performed against opposition previously and train the model accordingly.
If this is sounding too unlike some people’s previous understanding, association and understanding of cricket, in which uncertainty and unpredictability loomed large, then best gear up for the future. There, we can expect a leveraging of the most advanced technologies to T20 cricket. In-play algorithms will analyze in-game strategies, predict outcomes and suggest strategic adjustments. The age of the commentator is under threat.
Customized training programs for players will be augmented by their emotional and psychological state. They will train in virtual environments which simulate match conditions, including crowd noise. Wearables will incorporate sensors which provide real-time data on player health, performance and potential injury areas, with personal treatment plans and diets designed to ensure faster recovery. Clothing will adapt to weather conditions so as to maintain optimal temperatures (spectators might do the same!). Smart helmets will monitor impacts and send back data. Sensors on helmets and other equipment will provide more detailed data.
Already, every movement of every player is monitored on the field. Off-field monitoring is likely to increase. The players are well paid, so most are likely to accept. There has been concern in the 2024 IPL about the domination of bat over ball. One unnamed player suggested that a bowling machine should replace bowlers. However tongue in cheek the comment, the IPL seems headed toward a robotic future. The rest of the world needs to wake to this prospect.
Saudi Arabia to boost private sector investments in manufacturing: deputy minister
RIYADH: Saudi Arabia aims to bolster private sector investment in the manufacturing industry, capitalizing on the Kingdom’s swift growth, according to a top official.
During his opening speech on the second day of the Riyadh International Industry Week 2024, Deputy Minister of Industry and Mineral Resources for Industrial Affairs Khalil bin Salamah pointed out that partnership with non-government bodies is of great importance in achieving industrial development in the Kingdom.
He affirmed that building strategic partnerships with the private sector contributes to driving economic growth in the Kingdom, and the integration and harmony of work between government and non-government entities contributes to overcoming the obstacles, according to the Saudi Press Agency.
Bin Salamah added: “We look forward to leading the private sector in increasing investment in the manufacturing sector and leveraging the rapid growth in the Kingdom.”
Private sector investments in Saudi Arabia’s industrial field more than doubled in the first quarter of 2024, surpassing SR7 billion ($1.8 billion), according to a report released by the Saudi Authority for Industrial Cities and Technology Zones, also known as MODON, in April.
The deputy minister went on to explain that the national industrial strategy was built primarily in partnership with the private sector, and there is a partnership-based business model within the industrial system.
The Kingdom is set to boost private sector investments with the desire to enhance cooperation between core and transformational companies to develop businesses and create new opportunities, the top official affirmed.
Bin Salamah stated: “We are currently working on maximizing current production capacities, where a committee has been established to integrate petrochemical supply chains, addressing challenges related to the availability and competitiveness of petrochemical materials.”
He added: “We encourage all companies in the sector to collaborate with us to address challenges and contribute to finding appropriate solutions.”
The deputy minister highlighted that the Kingdom is a leading country in the petrochemical industry, enabling it to expand supply chains to support economic growth and enhance supply chains of related industries.
He added that the Ministry of Industry and Mineral Resources is working with the Ministry of Energy and the government system to empower the sector by enhancing the integration of petrochemical supply chains in the Kingdom.
These efforts, according to Bin Salamah, aim to ensure the availability and competitiveness of petrochemical materials used to produce specialized products, enabling sector growth and enhancing supply chain integration.
He further explained that the Kingdom aims to strengthen its industrial base and diversify its economy, with attracting private sector investments being a fundamental part of its industrial strategy.
The deputy minister emphasized that the industrial system plays a pivotal role in enabling growth and development in the industrial sector in the Kingdom through enhancing integration between sectors and their supply chains, developing basic and specialized infrastructure and facilities, and encouraging investment in joint projects between companies operating in various sectors.
He pointed out that the ministry is keen on creating continuous industrial momentum in the Kingdom, noting that the Industry Week includes four major industrial exhibitions under one roof, including the Saudi Plastics & Petrochem, Saudi Print & Pack, Saudi Smart Manufacturing, and Smart Logistics Services.
Saudi Arabia records 16% surge in credit card loans in Q1 2024
RIYADH: Saudi Arabia recorded a 16 percent annual surge in credit card loans in the first quarter of 2024 to reach SR27.25 billion ($7.3 billion), the latest central bank data showed.
The Saudi Central Bank, also known as SAMA, figures indicate a shift in consumer behaviors about cashless payment options and show that the Kingdom is on track to become a cashless society.
In an April report by GlobalData, Ravi Sharma, a banking and payments analyst, emphasized the transition from cash to electronic payments, noting: “While cash has traditionally been a preferred method of payment in Saudi Arabia, its usage is on the decline in line with the rising consumer preference for electronic payments.”
GlobalData’s payment card analytics revealed that card payments value in Saudi Arabia registered a growth of 17.8 percent in 2022, followed by 9.7 percent in 2023 to reach SR511.5 billion.
Commenting on the payments trend in Saudi Arabia, Sharma said: “The country has a robust digital payment infrastructure, supported by a developing card market and a well-established card acceptance infrastructure. The government is taking steps to enhance the infrastructure in the country by encouraging merchants to adopt at least one electronic payment option apart from cash.”
The increase in credit card loans can also be attributed to recent collaborations to introduce new credit card offerings and payment solutions across the Kingdom.
One such collaboration involves Mastercard partnering with a digital payments technology company Loop to issue Bank Identification Numbers for credit cards. A BIN is used to determine the issuing financial institution that a credit card belongs to. They also help in the speedier execution of financial transactions and offer a shield to cardholders from identity theft and fraud.
These innovative payment solutions are expected to facilitate seamless and secure digital payments for consumers, merchants, and fintechs, thereby driving digitization in daily transactions.
This move comes at a time when the Kingdom’s small and medium enterprises and fintech community are thriving, presenting a favorable environment for digital payment solutions.
On the contrary, SAMA data revealed a slight 1 percent uptick in consumer loans, totaling approximately SR451 billion in the three months ending March. Within this category, education loans surged by 24 percent to SR8 billion, while travel and tourism loans saw a 19 percent increase to SR990 million.
Consumer loans typically involve borrowing a specific amount of money, to be repaid over a fixed period with interest. One advantage of consumer loans is that they often come with lower interest rates compared to credit card loans, making them a cost-effective option for large purchases or long-term financing needs. Additionally, consumer loans provide borrowers with a structured repayment plan, allowing them to budget and manage their debt more effectively.
On the other hand, credit card loans do not have a fixed repayment period, and borrowers can repay the borrowed amount over time, as long as they make at least the minimum monthly payments. One of the key advantages is the convenience and flexibility they offer, allowing individuals to make purchases and manage expenses without the need to carry large amounts of cash.
Additionally, they come with rewards programs, cashback incentives, and other perks that can provide additional benefits to cardholders.
First group of Hajj pilgrims arrives in Saudi Arabia
- The Makkah Route Initiative is part of Saudi Arabia’s Guests of God Service Program
- 7,700 flights will arrive through six airports during the Hajj season
RIYADH: The first group of Hajj 2024 pilgrims arrived at Prince Mohammed bin Abdulaziz International Airport in Madinah on Thursday.
The 283 pilgrims from India were welcomed by the Minister of Transport and Logistics Services, Saleh bin Nasser Al-Jasser, and Deputy Minister of Hajj and Umrah, Abdel Fattah bin Sulaiman Mashat, reported SPA.
Al-Jasser highlighted the ministry's commitment to providing the best services to Hajj pilgrims during their stay in the Kingdom.
He said that 7,700 flights will arrive through six airports during the Hajj season, with more than 27,000 buses in service, while the high-speed Al-Haramain and Al-Mashaer trains will provide more than 5,000 trips.
The Makkah Route Initiative is part of Saudi Arabia’s Guests of God Service Program, inaugurated by King Salman in 2019. The scheme seeks to provide visitors to the holy sites with the finest possible services to help them perform their Hajj rituals easily and comfortably.
Pakistan’s PSO proposes swapping debt for stake in public sector companies
- Stopping the pile-up of unresolved debt across Pakistan’s power sector and settling it is a top IMF concern
- PSO’s aggregate receivables from government agencies and autonomous bodies stands at about $1.8 billion
KARACHI: Pakistan State Oil, the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as the national airline.
Stopping the pile-up of unresolved debt across Pakistan’s power sector, and ultimately settling it, is a top concern of the International Monetary Fund (IMF), with which Islamabad begin talks this month for a new long-term loan deal.
“Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against (PSO’s receivables),” said Syed Muhammad Taha, the managing director and chief executive of state-backed PSO.
“That is our proposal and this is under consideration, so we are working with the government,” Taha said in an interview on Wednesday with Reuters, which is the first to report the plan.
Pakistan’s government, with a stake of about 25 percent, is the biggest shareholder of PSO, but private shareholders own the rest.
Government officials, including the petroleum minister and the information minister, did not reply to a Reuters request for comment.
Total circular debt in Pakistan’s power and gas sectors stood at 4.6 trillion rupees ($17 billion), or about 5 percent of GDP by June 2023, the IMF says.
Circular debt is a form of public debt that stems in part from failure to pay dues along the power sector chain, starting with consumers and moving to distribution companies, which owe power plants, which then have to pay fuel supplier PSO.
The government is either the biggest shareholder, or outright owner of most these companies, making it tough to resolve debt as fiscal tightening leaves it strapped for cash.
Among other steps sought by the IMF, Pakistan has raised energy prices to stop the build-up of debt. But the accumulated amount still has to be resolved.
Taha said the IMF reforms helped the sector by boosting creditors’ ability to pay, which will continue to improve.
PSO’s aggregate receivables from government agencies and autonomous bodies stood at 499 billion rupees ($1.8 billion), the largest share owed by gas provider Sui Northern Gas, whose largest shareholder is the government.
PSO’s annual report last year said the crisis of owed debt was a serious issue for it.
Taha said PSO had initially floated the idea of acquiring stakes or complete ownership of assets such as power plants in Nandipur in the northern Punjab province and Guddu in southern Sindh, as well as the government-owned holding entity for power generation companies.
It also discussed equity stakes in profitable public sector companies such as the Oil and Gas Development Co, he added.
PIA DEAL
Taha said PSO was also a part of the broader settlement framework for the privatization of Pakistan International Airlines, which would potentially include a “clean asset swap” and a stake in the airline’s non-core assets, such as property.
The government is putting on the block a stake ranging from 51 percent to 100 percent in debt-ridden PIA as part of the public-sector reforms sought by the IMF.
In March, media said the principal alone that PIA owed PSO for fuel supply amounted to roughly 15.8 billion rupees ($57 million).
Taha added that he expected modest growth in demand for petroleum products as the economy opens up, thanks to lower interest rates and higher disposable income.
As economic conditions improve, he added, PSO is working with big strategic investors from China and the Middle East to upgrade and expand its refinery arm, Pakistan Refinery Ltd.
PSO has a network of 3,528 retail outlets in addition to 19 depots, 14 airport refueling facilities, operations at two seaports, and Pakistan’s largest storage capacity of 1.14 million tons.
