Gunmen kill 11 at Iran army parade, Tehran blames US ally

Agencies
September 22, 2018

Tehran, Sept 22:  Militants shot dead at least 11 people at a military parade in southwestern Iran on Saturday, state media reported, in a rare attack the government blamed on a US ally in the region.

There was no immediate claim of responsibility for the shooting rampage dubbed a "terrorist" attack by the authorities, in which at least 30 people were also wounded.

But Foreign Minister Mohammad Javad Zarif said he held a US ally in the region responsible.

"Terrorists recruited, trained, armed & paid by a foreign regime have attacked Ahvaz," Zarif said in a tweet, adding: "Iran holds regional terror sponsors and their US masters accountable for such attacks".

The deadly shooting targeted the city of Ahvaz in Khuzestan, a province bordering Iraq that has a large ethnic Arab community and has seen separatist violence in the past which Iran has blamed on its regional rivals.

"The number of martyrs has reached 11 and could rise further, and the wounded are now more than 30," the semi-official ISNA news agency quoted Khuzestan deputy governor Ali-Hossein Hosseinzadeh as saying.

"One of the martyrs is a journalist," he added. Earlier he had said "eight to nine" of the dead were troops.

Four militants carried out the 9:00 am (0530 GMT) attack on the parade commemorating the start of the devastating 1980-88 conflict between Iran and Saddam Hussein's Iraq.

"Two were killed and two arrested," Hosseinzadeh said.

Several media reported the attackers were disguised in Iranian military uniforms.

The semi-official Fars news agency said they were overwhelmed by the security forces before they could attack the dignitaries watching the parade.

Finger pointed at Riyadh

Zarif did not specify which regional government he held responsible for the shooting, but Iran's elite Revolutionary Guards said the attackers were funded by Sunni arch rival Saudi Arabia.

"Those who opened fire on civilians and the armed forces have links to the Ahvazi movement," Guards spokesman Ramezan Sharif told ISNA.

"They are funded by Saudi Arabia and attempted to cast a shadow over the Iranian armed forces."

Zarif vowed Iran would "respond swiftly and decisively in defence of Iranian lives".

Khuzestan was a major battleground of the 1980s war with Saddam's Iraq and the attack on the anniversary parade in Ahvaz had significant symbolic value.

The province saw unrest in 2005 and 2011 but has since seen been largely quiet.

Attacks by Kurdish rebels on military patrols along the border further north are relatively common.

But attacks on regime targets inside major cities are far rarer.

On June 7, 2017, 17 people were killed and dozens wounded in simultaneous attacks in Tehran on the parliament building and on the tomb of revolutionary leader Ruhollah Khomeini -- the first inside Iran claimed by the Sunni Muslim extremists of the Islamic State group.

In April, 26 alleged IS jihadists went on trial on charges connected with that twin attack.

Police said that five people were arrested at the scene of the attacks and dozens more arrests were reported in the following months -- many along the borders with Iraq and Turkey.

- Rouhani defiant -

The attack in Ahvaz came as Iranian President Hassan Rouhani was among the dignitaries at the main anniversary parade in Tehran.

In a keynote speech, Rouhani vowed to boost Iran's ballistic missile capabilities despite Western concerns that were cited by his US counterpart Donald Trump in May when he abandoned a landmark nuclear deal with Tehran.

"We will never decrease our defensive capabilities... we will increase them day by day," Rouhani said at a military parade. "The fact that the missiles anger you shows they are our most effective weapons," he said, referring to the West.

Iran has ballistic missiles with a range of up to 3,500 kilometres (2,200 miles), enough to reach both Israel and US bases in the Middle East.

The United States reimposed crippling sanctions on Iran last month, and a new round of even harsher sanctions targeting Iran's vital oil sector is set to go back into effect on November 5.

Washington has said it is ready to open talks on a new agreement to replace the July 2015 accord, but Tehran has said repeatedly it cannot negotiate under the pressure of the sanctions.

Washington insists any deal should address Iran's ballistic missile programme and its "destabilising" and "malign" influence in the region, as well as concerns about it long-term nuclear ambitions.

Trump and Rouhani will both be in New York next week for the United Nations General Assembly. But Iran has repeatedly ruled out any meeting.

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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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News Network
April 28,2020

Dubai, Apr 28: Riyadh municipality has announced 13 requirements to restore commercial activity in malls starting Wednesday (April 29), in accordance with the government’s coronavirus precautionary measures.

The requirements include: the continued closure of all entertainment and playing areas inside malls, and not allowing the entry of children under the age of 15.

The municipality requires all malls to ensure the availability of medical examination and sterilization teams to measure the temperature of all individuals entering the mall at all entrances throughout opening hours, prevent any person with a temperature exceeding 38 degrees Celsius from entering, remove all chairs and benches in the corridors, and provide masks and gloves for visitors at the entrances.

All malls are to have security personnel stationed at all entrances to ensure that visitors are wearing masks.

The municipality also requires all malls to sterilize the entire facility every 24 hours, allocate rooms for medical isolation when there is any suspicion of an individual being infected with COVID-19, ensure the presence of a sufficient number of security personnel, and carry out regular rounds to verify full compliance, and suspend the valet service.

It also called for malls to put up explanatory signs of the guidelines to ensure that everyone understands the precautionary measures.

Malls should rely on the use of escalators and stairs for movement between floors, and in the event they are not available, only two people are allowed to ride the elevator at a time.

Revised curfew

Saudi Arabia had revised on April 21 its coronavirus curfew timings for the holy month of Ramadan, allowing residents in all areas and cities not currently under a 24-horu lockdown to go out between 9 a.m. and 5 p.m.

However, areas under a complete lockdown will only be allowed to go out for essential needs, such as grocery shopping or medical visits, between the hours of 9 a.m. and 5 p.m. Residents in these areas must stay within their neighborhoods

A 24-hour lockdown was previously imposed on the cities of Riyadh, Tabuk, Dammam, Dhahran, and Hofuf and throughout the governorates of Jeddah, Taif, Qatif, and Khobar.

The government had imposed a full lockdown on the holy cities of Makkah and Madinah as well. Other cities and governorates had a curfew implemented from 3 p.m. to 6 a.m. daily.

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News Network
May 6,2020

A massive fire engulfed a residential tower in UAE's Sharjah last night. The building has been identified as one Abbco Tower in Al Nahda.

According to the latest inputs, Sharjah Civil Defence teams rushed to the spot and evacuated all residents. 

Firefighters managed to douse the blaze after several hours. The building in question is reportedly a 48-storey structure. Officials are yet to reveal the cause of the fire.

All residents of the building were evacuated while seven incurred minor injuries during the evacuation and were treated at local hospitals, reported the United Arab Emirates' local media.

More details are awaited as this is a developing story.

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