Syria peace chance faints

April 8, 2012

mid_east


Beirut, April 8: Syrian troops pounded opposition areas, activists said, killing 74 civilians in an offensive that has sent thousands of refugees surging into Turkey before next week’s UN-backed cease-fire aimed at staunching a year of bloodshed.


At least 15 rebels and 17 security force members were also killed, raising the death toll in violence to over 100. Each side has accused the other of intensifying assaults in the run-up to the truce due to take effect early Thursday if government forces begin pulling back from towns 48 hours earlier in line with UN-Arab League envoy Kofi Annan’s peace plan.


The military shelled Deir Baalba district in the restive city of Homs, killing four people, the grassroots Local Coordination Committees opposition group said. Thirteen men were also found killed in cold blood in the same area, it said.


Amateur activist video showed scenes of carnage said to be the aftermath of the shelling. Mangled limbs and body parts in blankets were being loaded on a pick-up truck. A second video showed 13 men who appeared to have been tied up and executed.


The Syrian Observatory for Human Rights said at least 53 people had been killed, including 40 in an army attack on Al-Latmana, in Hama province, that began on Friday. In an activist video from the town, mourners held aloft the limp corpse of a child. Bodies were laid out in a row on the ground.


A rocket hit a bus traveling from Lebanon to Syria at Jousa just inside Syria, a Lebanese security source said. Witnesses said six Syrians were killed. Lebanese medics confirmed two dead and nine wounded. It was not clear who had fired the rocket.


Rebels trying to oust President Bashar Assad attacked army posts north of Aleppo before dawn, killing an officer and two men, and assaulted a helicopter base, activists said. Syrian commandos shot dead three rebels in an overnight raid on a “terrorist den,” Syria’s state news SANA agency reported. Country towns north of Aleppo have endured days of clashes and bombardment, prompting 3,000 civilians to flee over the Turkish border on Friday alone — about 10 times the daily number before Assad accepted Annan’s plan 10 days ago.


The Syrian leader is fighting a popular uprising, which he blames on foreign-backed “terrorists,” that has spawned an armed insurgency in response to violent repression of protests. The bloodletting of the past week or so does not bode well for implementation of Annan’s cease-fire plan. This requires Assad to “begin pullback of military concentrations in and around population centers” by Tuesday.


Rebel Free Syrian Army commander Col. Riad Al-Asaad said his men would cease fire, provided “the regime ... withdraws from the cities and returns to its original barracks.”


Syria has said the plan does not apply to armed police, who have played a significant role in battling the uprising in which security forces have killed more than 9,000 people, according to UN estimate. Syria says its opponents have killed more than 2,500 troops and police since the unrest began in March 2011.


Annan’s plan does not stipulate a complete army withdrawal to barracks or mention police. Satellite pictures published by US Ambassador Robert Ford showed Syrian artillery and tanks still close to communities.


“This is not the reduction in offensive Syrian government security operations that all agree must be the first step for the Annan initiative to succeed,” Ford said in Washington.


A statement by UN Secretary-General Ban Ki-moon said the April 10 timeline “is not an excuse for continued killing.”


“The Syrian authorities remain fully accountable for grave violations of human rights and international humanitarian law. These must stop at once,” Ban said.


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News Network
April 18,2020

Dubai, Apr 18: Saudi Arabia has reported 1,132 new coronavirus cases, taking the total number of confirmed COVID-19 patients to 8,274, the Ministry of Health revealed on Saturday.

The ministry has also announced five more deaths from the virus, taking to 92 the Kingdom’s death toll.

Recoveries
As for recoveries, 280 new recoveries were reported, pushing the total number of patients recovered to 1,329.

The ministry revealed that 79 per cent of today’s cases are expatriates and that 65 per cent of the cases were detected through intensified and active COVID-19 screening in densely-populated areas.

A total of 201 patients of Saturday’s cases have contracted the disease due to being in contact with existing cases, the ministry added.

The new infected cases have been placed under complete isolation and they are receiving necessary medical care, an official from the ministry said.

He affirmed that medical teams are intensifying efforts and screening tests in workers' neighbourhoods and accommodations in order to limit the spread of the disease.

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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
August 8,2020

Beirut, Aug 7: A devastating explosion that destroyed much of Beirut might have been the result of a missile attack or bomb, Lebanese President Michel Aoun said, as the death toll from the blast rose to 154.

More than 2,700 tons of ammonium nitrate had been sitting in a port warehouse for six years, but there have been conflicting accounts about why Lebanese authorities decided to empty the shipment of explosive material. The vessel carrying the flammable cargo was heading from Georgia to Mozambique when it stopped in the Lebanese port to load up on iron, according to the ship’s captain.

By Friday, 19 suspects had been arrested and Lebanon’s former director general of customs Chafic Merhy had been questioned by military police.

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