Up to 70 migrants drown after their boat sinks off Tunisia

Agencies
May 11, 2019

Tunis, May 11: As many as 70 migrants trying to reach Europe from Libya drowned Friday when their boat capsized in the Mediterranean Sea, and at least 16 others on the boat were rescued, according to UN migration officials and Tunisia’s state news agency.

The International Organization for Migration called it the deadliest migrant boat sinking since January, and it comes as overall migrant arrivals to Europe are decreasing.

The smuggling boat was coming from Libya when it sent a distress signal in international waters early Friday off the Tunisian coastal city of Sfax, according to an IOM official in Tunisia. She said between 60 and 70 people drowned.

Tunisia’s state news agency TAP said 70 people drowned as the boat sank and that fishing boats rescued 16 others.

The survivors of the sinking are now being questioned and cared for by Tunisian authorities, the IOM official said. She said they included people from Bangladesh and Morocco, among other nationalities.

Joel Millman, an IOM spokesman in Geneva, said the reported death toll is the largest number of migrants killed since a Jan. 19 sinking in which 117 people were reported missing and presumed dead.

So far this year, 17,000 migrants and refugees have entered Europe by sea, about 30 percent fewer than the 24,000 arriving during the same period last year, according to the IOM. It said 443 people have reportedly died on dangerous Mediterranean Sea crossings so far this year, compared to 620 deaths for the same period in 2018.

Libya’s navy said Friday it rescued 213 Europe-bound African and Arab migrants off the Mediterranean coast this week. It said they were handed over to Libyan police after having received humanitarian and medical aid.

Lawless Libya in North Africa became a major conduit for African migrants and refugees fleeing to Europe after an uprising toppled and killed longtime dictator Muammar Qaddafi in 2011. Libyan authorities have stepped up efforts to stem the flow of migrants, with European assistance.

But human rights groups have strongly criticized Libya for its detention centers, saying migrants being sent back to Libya faced hunger, beatings, torture, rapes and a lack of medical care.

In addition, the head of the self-styled Libyan National Army launched an offensive against the government in the Libyan capital of Tripoli last month. The UN health agency says 443 people have died, 2,110 have been wounded and nearly 60,000 have been displaced by the violence.

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Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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Agencies
July 19,2020

Kuwait City, Jul 19: Kuwaiti ruler Sheikh Sabah al-Ahmad al-Jaber al-Sabah has successfully undergone surgery early on Sunday, the emir's office said.

"His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah ... has undergone surgery this morning, with thanks to God for its success," the head of the emir's office Sheikh Ali Jarrah al-Sabah said, as quoted by state news agency KUNA.

The 91-year-old was admitted to hospital for a medical checkup.

Yesterday, a royal order was issued assigning Crown Prince Sheikh Nawaf al-Ahmed al-Sabah, the emir's designated successor, "to take over some constitutional jurisdictions of His Highness the Emir temporarily"

In August 2019, Kuwait acknowledged the emir suffered an unspecified medical "setback" that required him to be hospitalised.

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