Arab opposition group claims pipeline bombings in Iran

January 5, 2017

Dubai, Jan 5: An Arab opposition group has claimed two pipeline bombings in Iran’s oil-rich south and threatened to launch more attacks in the coming year as the country tries to boost production following the nuclear deal with world powers.arab

Iranian Interior Ministry spokesman Salman Samani later denied the claim by the Arab Struggle Movement for the Liberation of Ahwaz, which said it bombed the pipelines early Tuesday morning in Khuzestan province.

The militants released an online video they said showed one of the pipelines exploding.
The Associated Press could not immediately verify the footage, though previous attacks have been attributed to the group.

The statement from the opposition said the bombings came in response to Iran’s Oil Ministry publishing a list of 29 international companies qualified to bid for projects following the atomic accord.

The group said 2017 will be “very different to previous years since the movement has prepared detailed and precise plans to carry out a number of high-quality important operations against the Iranian enemy state.”

Coordinated pipeline attacks could hinder Iran’s efforts to recoup cash lost under international sanctions. The country has boosted production to around 3.8 million barrels of oil a day since the deal.

Iran has faced low-level unrest from Kurds in its northwest, the Baluch in its east and Arabs in its south since the 1979 revolution. In recent months, however, such attacks have grown in scale. Iran in June announced breaking up what it called one of the “biggest terrorist plots” ever on Iranian soil by extremists.

Separately, the chief prosecutor of Tehran has revealed that there are as many as 70 spies serving sentences in the Iranian capital’s prisons, far more than what had been estimated.

The 70 convicts had “offered intelligence to enemies in various fields including atomic, military, political, social and cultural,” Abbas Jafari Dolatabadi said, quoted by the Mizan Online news website.

Dolatabadi did not name the countries alleged to have recruited the spies.

Only a handful of cases of people charged with espionage had been made public in the country prior to his comments, which were published late Tuesday.
Among them are two Iranian-American dual nationals.

In October, business consultant Siamak Namazi and his 80-year-old father Baquer were sentenced to 10 years in prison for “espionage and collaboration with the American government.” The father, a former employee of the UN children’s fund UNICEF, was arrested when he returned to Iran to seek Siamak’s release, a few months after his arrest.

The United States has demanded the release of the Namazis and has also expressed concerns about reports of the “declining health” of Baquer Namazi.

Nezar Zaka, a Lebanese national, was found guilty of “numerous deep links to the US military intelligence community” and handed a 10-year sentence on the same day as the Namazis, along with three Iranians. They have been identified as Farhad Abd-Saleh, Kamran Ghaderi and Alireza Omidvar.

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News Network
March 21,2020

Mar 21: Qatari authorities arrested 10 nationals for breaking home quarantine rules as Doha tightens regulations amid the coronavirus outbreak, local daily The Peninsula Qatar reported on Saturday.

The Ministry of Public Health released a statement naming the detainees and said that the violators were currently being referred to prosecution.

The tiny country, where expatriates comprise the majority of the population, on Thursday reported eight more infections to take its tally to 470, the highest number among the six Gulf Arab states that have reported a total of more than 1,300 coronavirus cases.

Government spokeswoman Lulwa Rashed Al-Khater told a news conference the new cases included two Qataris who had been in Europe, with the rest migrant workers.

Qatari authorities on Tuesday announced the closure of several square kilometers of the industrial area in Doha, the capital, which also contains labor camps and other housing units.

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Agencies
May 17,2020

Abu Dhabi, May 17: Another 731 people have tested positive for coronavirus in the UAE, pushing the total number of COVID-19 infections to 23,358, the Ministry of Health and Prevention announced on Sunday.

Six more deaths from the novel coronavirus have been also confirmed, taking the country’s death toll to 220.

The ministry also announced the full recovery of 581 new cases after receiving the necessary treatment, taking that number up to 8,512 of total recovered patients.

New tests conducted

The latest coronavirus patients, all of whom are in a stable condition and receiving the necessary care, were identified after conducting more than 40,000 additional COVID-19 tests among UAE citizens and residents over the past few days, the ministry said.

It expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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