Mekunu subsides after leaving 10 dead, 40 missing in Oman, Yemen

Arab News
May 27, 2018

Dubai, May 27: Cyclone Mekunu was downgraded to a tropical storm on Saturday after lashing eastern Yemen and southern Oman, leaving several people dead in its wake and soaking arid Oman and Yemen under 200 ml of rainfall.

Latest satellite images, analysis of weather maps and the results of numerical models of the tropical cyclone Mekunu, in the Arabian Sea, have shown that it became a second class cyclone and expected to move north to northwest, with the storm eye away from Saudi Arabia, by about 350 kilometers and the wind speed around the center of the hurricane, to be between 157 to 167 km/h, according to the General Authority of Meteorology and Environment Protection (GAMEP).

The commission’s predictions indicate that the tropical situation, in Oman and the Republic of Yemen is likely to change.

As the cyclone has turned into a tropical storm, it may affect parts of Saudi Arabia from Saturday to next Tuesday.

Southern parts of the eastern desert of the Rubu Al-khali (the Empty Quarter) and the Eastern parts of Najran will be affected by torrential rains that may lead to flash floods and active winds of up to 75 km/h, in addition to dusty weather.

GAMEP called on everyone to follow up new reports on the situation, which may change course in the coming days, through the daily weather reports and alerts issued by the early warning system on the official website and the means of social communication.

Cyclone Mekunu caused flash flooding that tore away whole roadways and submerged others in Salalah, Oman’s third-largest city, stranding drivers. Strong winds knocked over street lights and tore away roofing.

Rushing waters from the rain and storm surges flooded typically dry creek beds. The holiday destination’s now-empty tourist beaches were littered with debris and foam from the churning Arabian Sea.

Three people, including a 12-year-old girl, died in Oman, and another two bodies were recovered from the Yemeni island of Socotra. More than 30 people were still missing in Socotra, including Yemeni, Indian and Sudanese nationals.

Yemeni officials also reported damage in the country’s far east, along the border with Oman. Rageh Bakrit, the governor of Al-Mahra province, said on his official Twitter account late Friday that strong winds had blown down houses and taken out communication lines and water services. He said there were no fatalities in the province.

India’s Meteorological Department said the storm packed maximum sustained winds of 170-180 kilometers (105-111 miles) per hour with gusts of up to 200 kph (124 mph). It called the cyclone “extremely severe.”

Portions of Salalah, home to some 200,000 people, lost power as the cyclone made landfall.

Branches and leaves littered the streets. Several underpasses became standing lakes. Some cars were left abandoned on the road. Electrical workers began trying to repair lines in the city while police and soldiers in SUVs patrolled the streets. On the outskirts of the city, near the Salalah International Airport, what once was a dry creek bed had become a raging river.

The airport, closed since Thursday, will reopen early Sunday, Oman’s Public Authority for Civil Aviation said. The Port of Salalah — a key gateway for the country and for Qatar amid a regional diplomatic dispute — remained closed, its cranes secured against the pounding rain and winds.

Omani forecasters said Salalah and the surrounding area would get at least 200 millimeters (7.87 inches) of rain, over twice the city’s annual downfall. It actually received 278.2 mm, nearly three times its annual rainfall.

Authorities remained worried about flash flooding in the area’s valleys and potential mudslides down its nearby cloud-shrouded mountains. In nearby Wadi Darbat, the storm’s rains supercharged its famous waterfall.

Police and others continued their rescue efforts even as the winds and rains calmed. Capt. Tarek Al-Shanfari of the Royal Oman Police’s public relations department said there had been at least three fatalities in the storm, including the death of a 12-year-old girl who was hit in the head by a door flung open by the wind.

An Asian laborer died in a flooded valley and an Omani national in a 4x4 died when his vehicle was swept away, Al-Shanfari said.

On Socotra, authorities relocated over 230 families to sturdier buildings and other areas, including those more inland and in the island’s mountains, Yemeni security officials said.

Flash floods engulfed Socotra’s streets, cutting electricity and communication lines. Some humanitarian aid from Saudi Arabia and the United Arab Emirates arrived on the island just hours after the cyclone receded.

Yemeni security officials said rescuers recovered two bodies on Socotra, while more than 30 people remain missing. They spoke on condition of anonymity because they were not authorized to brief reporters.

The island, listed by UNESCO as a World Heritage Site, has been the focus of a dispute between the UAE and Yemen’s internationally recognized government, which are ostensibly allied against Shiite rebels known as Houthis.

Socotra has a unique ecosystem and is home to plants, snails and reptiles that can be found nowhere else.

In Oman, Mohammed Omer Baomer warned his neighbors about a torn-away chunk of road just down the street from his home after earlier getting his SUV stuck over it.

“It was a scary feeling, as if it was the end of world,” he said of the cyclone. “You can’t even go outside. You try to watch from the window and you can’t.”

Yet even as Mekunu barreled overhead, the eye of the storm provided a moment’s respite early Saturday morning. At one luxury hotel in Salalah, which already had evacuated its guests, workers sat down early for “suhoor,” a meal Muslims eat before sunrise during the holy fasting month of Ramadan. They laughed and shared plates by flashlight in a darkened ballroom, the cyclone’s wind a dull roar behind their clatter.

Critical response units

“The past two days were really very critical and difficult for everyone to survive…For me, its personally the first time I am inside a cyclone,” Dr. Naif Bazzi, General Manager of Dhofar’s Rehabilitation center told Arab News, adding that “the rate of the readiness of the systems of the government, health, emergency etc.… everything was still working during the very critical times during the cyclone.”

“The civil defense and police and army were all around, whatever you want you could have and whatever you need to do they would help you – many phone numbers for people to ask for any kind of help, everything was arranged,” the Lebanese expat added.

“It is clear that the cyclone has gone away and we now have ordinary winter weather. In Salalah, lots of trees and lamp posts displaced but the life is coming back now to the streets and Dhofar region…its calm now and everyone is going out.”

UAE not to be affected

“According to the Medium Ranged Forecast from Numerical Weather Predictions, the tropical cyclone will not reach the UAE,” the UAE’s National Center of Meteorology said in a statement.

It added that however medium and high clouds and moist air mass may lead to convective cloud formations at times in the eastern and the southern parts of the country associated with fresh winds.

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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
May 22,2020

Riyadh, May 22: The family of murdered Saudi journalist Jamal Khashoggi on Friday said that they forgave his killers. Washington Post journalist Jamal Khashoggi, who had written columns critical of Saudi Arabia, was brutally killed in October 2018, allegedly at the behest of Crown Prince Mohammad bin Salman.

“In this blessed night of the blessed month [of Ramadan] we remember God’s saying: If a person forgives and makes reconciliation, his reward is due from Allah,” Jamal Khashoggi’s son Salah Khashoggi said in a tweet. “Therefore, we the sons of the Martyr Jamal Khashoggi announce that we pardon those who killed our father, seeking reward [from] God almighty.”

The legal outcome of this announcement is not yet clear. Earlier, Salah Khashoggi said he had “full confidence” in the judicial system, and that the accused were trying to exploit the case.

Jamal Khashoggi’s body was said to have been dismembered inside the Saudi consulate in Istanbul and disposed of elsewhere, but his remains were never found.

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Arab News
March 21,2020

Jeddah, Mar 21: Saudi government ministers on Friday announced a war chest of more than SR120 billion ($32 billion) to fight the “unprecedented” health and economic challenges facing the country as a result of the killer coronavirus pandemic.

During a press conference in Riyadh, finance minister and acting minister of economy and planning, Mohammed Al-Jadaan, unveiled a SR70 billion stimulus package to support the private sector, especially small- and medium-sized enterprises (SMEs) and businesses worst-hit by the virus outbreak.

And the Saudi Arabian Monetary Authority (SAMA) has also sidelined SR50 billion to help the Kingdom’s banking sector, financial institutions and SMEs.

Al-Jadaan said the government had introduced tough measures to protect the country’s citizens while immediately putting in place a financial safety net. He added that the Kingdom was moving decisively to address the global COVID-19 disease crisis and cushion the financial and economic impact of the outbreak on the country.

The SR70 billion package of initiatives revealed by the minister will include exemptions and postponement of some government dues to help provide liquidity for private-sector companies.

Minister of Health Dr. Tawfig Al-Rabiah noted the raft of precautionary measures that had been introduced by the Kingdom in cooperation with the private sector and government agencies to combat the spread of the coronavirus, highlighting the important contribution of the data communication services sector.

He reassured the Saudi public that the Kingdom would continue to do whatever was required to tackle the crisis.

“This pandemic has a lot of challenges. It’s difficult to make presumptions at this moment as we’ve seen; many developed countries did not expect the rate of transmission of this virus.

“We see that the reality of the situation is different from what many expected. The virus is still being studied and though we know the means of transmission, it is transmitted at a very fast rate, having spread to many countries faster than expected.

“We see that many countries have not taken the strong precautionary measures from the beginning of the crisis which led to the vast spread of the virus in these countries,” Al-Rabiah said.

He pointed out that social distancing would help slow the spread.

Al-Jadaan said the Saudi government had the financial and economic capacity to deal with the situation. “We have large reserves and large investments, but we do not want to withdraw from the reserves more than what was already announced in the budget. We do not want to liquidate any of the government’s investments so we will borrow.

“We have approval from the government after the finance committee raised its recommendations to increase the proportion of the domestic product borrowing from 30 percent to 50 percent. We do not expect to exceed 50 percent from now until the end of 2022,” he added.

The government would use all the tools available to it to finance the private sector, especially SMEs, and ensure its ongoing stability.

The finance minister said that at this stage it was difficult to predict the economic impact of the pandemic on the private sector, but he emphasized that international coordination, most notably through G20 countries and health organizations, was ongoing.

On recorded cases of the COVID-19 disease in the Kingdom, Al-Rabiah said: “Many of the confirmed cases are without symptoms, this is due to the precautionary measures being considered.

“As soon as a case is confirmed, we contact and examine anyone who was in direct contact with the patient. This epidemiological investigation, is conducted on a large scale to investigate any case that was in contact with the patient.”

Al-Jadaan also announced the formation of a committee made up of the ministers of finance, economy and planning, commerce, and industry and mineral resources, along with the vice chairman of the board of the Saudi National Development Fund, and its governor.

The committee will be responsible for identifying and reviewing incentives, facilities, and other initiatives led by the fund.

Committees had also been established, said Al-Jadaan, to study the impact and repercussions of the coronavirus crisis on all sectors and regions, and look at ways of overcoming them through subsidies or stimulus packages.

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