Escape from hell: Residents flee Aleppo as UN reports civilian slaughter

December 14, 2016

Jeddah/New York/Aleppo, Dec 14: A Syrian regime’s offensive in Aleppo, backed by Russia and Iran, was over, Russia’s UN envoy said on Tuesday as the US described the violence in the besieged city as “modern evil.”

Aleppo

Ambassador Vitaly Churkin said an agreement had been struck for opposition fighters to evacuate the northwestern city and he said civilians would be unharmed, despite western and UN accusations of the intentional killing of civilians.

“Over the last hour we have received information that the military activities in east Aleppo have stopped,” Churkin told a heated UN Security Council meeting called by France and Britain. “The Syrian government has established control over east Aleppo.”

The UN said on Tuesday it had reports that Syrian soldiers and allied Iraqi fighters had summarily shot dead 82 civilians in recaptured districts of Aleppo.

“They have gone from siege to slaughter,” British UN Ambassador Matthew Rycroft told the 15-member council.

Saudi Arabia’s Senior ulema panel said it’s time for world action against the Syrian regime’s “criminal massacres” in Aleppo.

“The criminal Syrian regime has committed the ugliest crimes in a way unknown in modern history, where the bodies of the dead fill the streets and under the rubble of destroyed buildings,” the secretariat of the Council of Senior Scholars said in a statement carried by SPA.

“The savage bombardment harvests lives everywhere, including in hospitals and houses of worship, while the international community is helpless or ineffective to take any decision to deter this criminal machine,” it added.

The panel said it’s time for the world and international organizations to end their indifference and move “to deter the criminal machine of Bashar Assad.”

It appealed to the Muslim world “to rise in support of its causes and stand with all its energy for its rights.”

The Gulf Cooperation Council (GCC) condemned “the barbaric shelling” of Aleppo and called on the UN to move quickly to provide relief to the Syrian people.

“The GCC states strongly denounce the killing, siege and starvation that the ancient and historic city of Aleppo is subjected to as a violation of all humanitarian rights guaranteed by international law,” the bloc said in a statement issued by its Secretary-General Abdullatif Al-Zayani.

The United Nations described the situation as a “complete meltdown of humanity.”

UN Secretary-General Ban Ki-moon, in his briefing to the council, called on the Syrian regime, Russia and Iran to urgently allow civilians to escape Aleppo.

“There was an abundance of early warning given to this council regarding the situation in Aleppo,” Ban said. “We have collectively failed the people of Syria ... History will not easily absolve us.”

The US ambassador to the United Nations, Samantha Power, said the Syrian regime, Russia and Iran would be responsible for atrocities committed in Aleppo.

“By rejecting UN/ICRC (International Committee of the Red Cross) evacuation efforts you are signaling to those militia who are massacring innocents to keep doing what they are doing,” Power said.

“Aleppo will join the ranks of those events in world history that define modern evil, that stain our conscience decades later — Halabja, Rwanda, Srebrenica and now Aleppo,” she said.

As the four-month siege neared its end, some survivors trudged in the rain past dead bodies to the regime-held west or the few districts still in rebel hands.

Others stayed in their homes and awaited the regime army’s arrival.

For all of them, fear of arrest, conscription or summary execution had added to the daily terror of bombardment.

“People are saying the troops have lists of families of fighters and are asking them if they had sons with the terrorists. (They are) then either left or shot and left to die,” said Abu Malek Al-Shamali in Seif Al-Dawla, one of the last rebel-held neighborhoods.

Abu Yousef, in his 30s, said he and his family fled bombardments, tanks and executions in his home neighborhood of Bustan Al-Qasr.

“Thanks be to God, we are still alive ... the regime is constantly bombing us. My two children are injured, I am injured. The regime wants to kill us all. We are very afraid,” he said.

“You tell me ‘may God protect you’ we want a solution! We want a cessation of hostilities. We want someone to get us out of here. It’s enough. People are dying,” he said.

The UN has called for international oversight for civilians and rebel fighters as the government takes over.

The civil defense wrote on its Twitter account on Tuesday it could no longer keep track of the numbers of dead.

UN human rights chief Zeid Ra’ad Al Hussein warned that what we are seeing now in Aleppo could happen to populations of other towns outside government control such as Douma, Raqqa and Idlib.

Qatar called for an emergency Arab League meeting to discuss the situation in Aleppo.

The request was made for a meeting at the level of representatives to the Cairo-based Arab League.

Egypt’s state news agency also reported that a request had been made by Qatar’s delegation to the Arab League “to discuss the tragic situation in Aleppo.”

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Rashid
 - 
Wednesday, 14 Dec 2016

It is UN sponsored massacre..deliberately avoiding interference and given mute approval to massacre rebels and its supportive civillian areas

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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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Agencies
August 2,2020

Kuwait, Aug 2: Kuwait has barred entry of foreign passengers from over 30 countries including India and China.

A circular from the Director General Civil Aviation, State of Kuwait directed all airlines operating at Kuwait International Airport to adhere to the instructions in this regard.

"Based on the decision of the Health Authority in State of Kuwait, no foreign passenger coming from the down listed countries will be allowed to enter the State of Kuwait," the circular read.

These include- India, Iran, China, Brazil, Colombia, Armenia, Bangladesh, Philippines, Syria, Spain, Singapore, Bosnia and Herzegovina, Sri Lanka, Nepal, Iraq, Mexico, Indonesia, Chile, Pakistan, Egypt, Lebanon, Hong Kong, Italy, North Macedonia, Moldova, Panama, Beirut ,Serbia Montenegro, Dominican Republic and Kosovo.

The circular stated that such restriction will also include the passengers were present 14 days before the date of travel until further notice.

The ban was announced the same day Kuwait began a partial resumption of commercial flights according to Khaleej Times, which quoted authorities stating that Kuwait International Airport would run at about 30 per cent capacity from Saturday, gradually increasing in coming months.

According to the latest data from Johns Hopkins University, Kuwait has reported 67,448 cases of coronavirus while the fatalities related to the virus stand at 453.

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News Network
May 11,2020

May 11: Saudi Arabia will triple its value-added tax rate and suspend a cost of living allowance for state workers, it said on Monday, seeking to shield finances hit by low oil prices and a slump in demand for its lifeline export worsened by the new coronavirus.

Historic oil output cuts agreed by Riyadh and other major producers have given only limited support to prices after they sank on oversupply caused by a war for petroleum market share between the kingdom and its fellow oil titan Russia.

Saudi Arabia, the world's largest oil exporter, is also being hit hard by measures to fight the new coronavirus, which are likely to curb the pace and scale of economic reforms launched by Crown Prince Mohammed bin Salman.

"The cost of living allowance will be suspended as of June 1, and the value added tax will be increased to 15% from 5% as of July 1," Finance Minister Mohammed al-Jadaan said in a statement reported by the state news agency. "These measures are painful but necessary to maintain financial and economic stability over the medium to long term...and to overcome the unprecedented coronavirus crisis with the least damage possible."

The austerity measures come after the kingdom posted a $9 billion budget deficit in the first quarter.

The minister said non-oil revenues were affected by the suspension and decline in economic activity, while spending had risen due to unplanned strains on the healthcare sector and the initiatives taken to support the economy.

"All these challenges have cut state revenues, pressured public finances to a level that is hard to deal with going forward without affecting the overall economy in the medium to long term, which requires more spending cuts and measures to support non-oil revenues stability," he added.

The government has cancelled and put on hold some operating and capital expenditures for some government agencies, and cut allocations for some reform initiatives and projects worth a total 100 billion riyals ($26.6 billion), the statement said.

Central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while oil revenues in the first three months of the year fell 24% from a year earlier to $34 billion, pulling total revenues down 22%.

"The reforms are positive from a fiscal side as greater adjustment is essential. However, the tripling of VAT is unlikely to help that much in 2020 revenue wise with the expected fall in consumption," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

She said she kept unchanged her deficit forecast of 16.3% of GDP for this year, which already factors in a greater than previously announced spending cut.

About 1.5 million Saudis are employed in the government sector, according to official figures released in December.

In 2018, Saudi Arabia's King Salman ordered a monthly payment of 1,000 riyals ($267) to every state employee to compensate them for the rising living costs after the government hiked domestic gas prices and introduced value-added tax.

DIFFICULT TIMES

A committee has been formed to study all financial benefits paid to public sector employees and contractors, and will submit recommendations within 30 days, the statement said.

In late 2015, when oil prices fell from record highs, the kingdom slashed lavish bonuses, overtime payments and other benefits once considered routine perks in the public sector.

In a country without elections and with political legitimacy resting partly on distribution of oil revenue, the ability of citizens to adapt to such reforms is crucial for stability.

"Tripling the VAT will test the limits of the balance between revenues and consumption as the economy dives into a deep recession. The move will impact consumption and could also lower the expected revenues," said John Sfakianakis, a Gulf expert at the University of Cambridge.

"These are pro-austerity and pro-revenue moves rather than pro-growth ones," he said.

Hasnain Malik, head of equity strategy at Tellimer, said the VAT rise could bring about $24-$26.5 billion in additional non-oil fiscal revenue. The rise would hit consumer spending further but was a needed step towards fiscal sustainability, he said.

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