Saudi wants US to launch 'surgical strike' on Iran

Agencies
May 17, 2019

Dubai, May 17: Saudi Arabia accused Tehran of being behind a drone strike that shut down a key oil pipeline in the kingdom, and a newspaper close to the palace called for Washington to launch “surgical” strikes on Iran, raising the spectre of escalating tensions as the US boosts its military presence in the Persian Gulf.

Concerns about the possible conflict have flared after the US dispatched warships and bombers to the region to counter an alleged but unspecified threat from Iran. There also have been allegations that four oil tankers were sabotaged on Sunday off the coast of the United Arab Emirates, and Iran-aligned rebels in Yemen claimed responsibility for Tuesday’s attack on the Saudi pipeline.

Fears have grown out of President Donald Trump’s decision last year to withdraw the US from the 2015 nuclear accord between Iran and world powers and impose wide-reaching sanctions — the latest levied as recently as last week — that have crippled Iran’s economy.

But Trump took a soft tone Thursday, a day after tweeting that he expected Iran to look for talks. Asked if the US might be on a path to war with the Iranians, the president answered, “I hope not.”

Saudi prince Khalid bin Salman, who is King Salman’s son and the country’s deputy defence minister, tweeted that the drone attack on two Saudi Aramco pumping stations running along the East-West pipeline were “ordered by the regime in Tehran, and carried out by the Houthis” — a reference to the Yemeni rebel group.

A state-aligned Saudi newspaper went further, running an editorial calling for “surgical” US strikes on Iran in retaliation. Iran has been accused by the US and the UN of supplying ballistic missile technology and arms to the Houthis, which Tehran denies.

The front-page editorial in the Arab News, published in English, said it’s “clear that (US) sanctions are not sending the right message” and that “they must be hit hard,” without elaborating on specific targets. It said the Trump administration had already set a precedent with airstrikes in Syria, when the government there was suspected of using chemical weapons.

Ali Shihabi, who runs the Saudi-leaning Arabia Foundation in Washington, said there’s a sense that if the Iranians can get away with targeting Saudi oil infrastructure, then “the whole security infrastructure in the Gulf will be called into question and security premiums on oil will rise.”

He said it would seem that Riyadh would like to coordinate with Washington how it responds to Iran, but “eventually what may happen is that just Saudi Arabia and the UAE may have to do something.”

“Nobody is going to start a war with them (Iran), but I think they should be defanged and, you know, things like their naval capabilities, things like their missile capabilities should be downgraded at least to make their capacity to inflict such dangerous activity more painful, more costly,” Shihabi said.

Saudi crown prince Mohammed bin Salman, who also is defence minister and controls major levers of power in the Sunni kingdom, has not commented publicly on this week’s incidents. In a Saudi TV interview in 2017, he said the kingdom knows it is a main target of Shiite Iran and there is no room for dialogue with Tehran.

A top Emirati diplomat said late Wednesday the Saudi-led coalition fighting the Houthis in Yemen would “retaliate hard” for attacks on civilian targets, without elaborating. However, Anwar Gargash also said the UAE is “very committed to de-escalation” after the alleged sabotage of the tankers off the country’s coast. He declined to blame Iran directly, although he repeatedly criticised Tehran.

In response to the oil pipeline attack, the coalition said it launched airstrikes on Houthi targets in the rebel-held capital, Sanaa, killing at least six people, including four children. At least 40 other people were wounded, according to Yemen’s Health Ministry.

Residents of Sanaa scrambled to pull wounded people from the rubble of a building hit by the airstrikes. Fawaz Ahmed told The Associated Press he saw three bodies — a man, a woman and a child, all buried together.

The coalition, which includes the UAE, has been at war with the Houthis since 2015, carrying out near-daily airstrikes. The pipeline attack marked one of the rebels’ deepest and most significant drone strikes inside Saudi territory since the conflict began.

Washington already has warned shipping companies that “Iran or its proxies” could be targeting maritime traffic in the Persian Gulf region and said it deployed an aircraft carrier strike group and B-52 bombers there to counter the threat.

Last week, US officials said they had detected signs of Iranian preparations for potential attacks on US forces and interests in the Middle East but did not provide any evidence to back up the claims.

The US State Department has ordered all nonessential government staff to leave its embassy and consulate in Iraq. Germany and the Netherlands both suspended their military assistance programs in the country in the latest sign of tensions.

Iraq is home to powerful pro-Iranian militias, while also hosting more than 5,000 US troops. The US military’s Central Command said its troops were on high alert, without elaborating.

European nations have urged the US and Iran to show restraint. Also, a senior British officer in the US-backed coalition fighting the Islamic State group, Maj Gen. Chris Ghika, said earlier this week that there had been no increased threat from Iranian-backed forces in Iraq and Syria. His comments exposed international skepticism over the US military buildup.

Iranian Foreign Minister Mohammad Javad Zarif said during a visit to Tokyo that Iran has the right to respond to the “unacceptable” US sanctions, but has exercised “maximum restraint.” Speaking about Iran’s nuclear deal with world powers, Zarif was quoted as also saying: “A multilateral deal cannot be treated unilaterally.”

Iran recently said it would resume enriching uranium at higher levels if a new nuclear deal is not reached by 7 July. That would potentially bring it closer to being able to develop a nuclear weapon, something Iran insists it has never sought.

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News Network
January 8,2020

Dubai, Jan 8: A Ukrainian airliner crashed soon after taking off from Tehran's Imam Khomeini airport on Wednesday, killing all 176 people aboard, Iran's state television and Ukraine's leaders said.

The Boeing 737 belonging to Ukraine International Airlines crashed near the airport and burst into flames. Ukraine's embassy in Iran, citing preliminary information, said the plane had suffered engine failure and the crash was not caused by "terrorism".

Ukraine President Volodymyr Zelenskiy said there were no survivors.

"My sincere condolences to the relatives and friends of all passengers and crew," Zelenskiy said in a statement, adding that Ukraine was seeking to establish the circumstances of the crash and the death toll.

Iranian TV said the crash was due to technical problems but did not elaborate. State broadcaster IRIB said on its website that one of the plane's two black boxes - the flight data recorder and the cockpit voice recorder - had been found.

Iranian media quoted an Iranian aviation official as saying the pilot of the airliner did not declare an emergency.

There was no official word from Ukraine International Airlines. It was the Kiev-based airline's first fatal crash.

"The fire is so heavy that we cannot (do) any rescue... we have 22 ambulances, four bus ambulances and a helicopter at the site," Pirhossein Koulivand, head of Iran's emergency services, told Iranian state television.

Ukraine's prime minister and Iranian state TV said 167 passengers and 9 crew were on board. Iranian TV said 32 of those on board were foreigners.

Television footage showed debris and smouldering engine parts strewn across a field, and rescue workers with face masks retrieving bodies of the victims.

According to air tracking service FlightRadar24, the plane that crashed was Flight PS 752 and was flying to Kiev. The plane was three years old and was a Boeing 737-800NG, it said.

The model's twin engines are made by CFM International, a U.S.-French venture co-owned by General Electric and France's Safran.

Modern aircraft are designed and certified to cope with an engine failure shortly after take-off and to fly for extended periods on one engine. However, an uncontained engine failure releasing shrapnel can cause damage to other aircraft systems.

A spokesman for Boeing said the company was aware of media reports of a plane crash in Iran and was gathering more information. The plane manufacturer grounded its 737 MAX fleet in March after two crashes that killed 346 people.

The 737-800 is one of the world's most-flown models with a good safety record and which does not have the software feature implicated in crashes of the 737 MAX.

Under international rules overseen by the United Nations, Iran is responsible for leading the crash investigation.

Ukraine would be involved and the United States would usually be accredited as the country where the Boeing jet was designed and built. France, where the engine maker CFM has half its activities, may also be involved.

There was no immediate word on whether the U.S. National Transportation Safety Board would be involved in the probe amid escalating tensions between the U.S. and Iran. The NTSB usually invites Boeing to give technical advice in such investigations.

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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
February 22,2020

Washington, Feb 22: US President Donald Trump will raise the issue of religious freedom with Prime Minister Narendra Modi during his visit to India next week, the White House said on Friday, noting that the US has great respect for India's democratic traditions and institutions.

"President Trump will talk about our shared tradition of democracy and religious freedom both in his public remarks and then certainly in private. He will raise these issues, particularly the religious freedom issue, which is extremely important to this administration," a senior official told reporters in a conference call.

The official was responding to a question on whether the president was planning to speak to Modi on the Citizenship (Amendment) Act or the National Register of Citizens.

"We do have this shared commitment to upholding our universal values, the rule of law. We have great respect for India's democratic traditions and institutions, and we will continue to encourage India to uphold those traditions," the official said, requesting anonymity.

"And we are concerned with some of the issues that you have raised," the senior administration official said, in response to the question on CAA and NRC.

"I think the President will talk about these issues in his meetings with Prime Minister Modi and note that the world is looking to India to continue to uphold its democratic traditions, respect for religious minorities," the official said.

"Of course, it's in the Indian constitution -- religious freedom, respect for religious minorities, and equal treatment of all religions. So this is something that is important to the president and I'm sure it will come up," said the official.

Pointing out that India has a strong democratic foundation, the official said India is a country rich in religious, linguistic, and cultural diversity.

"In fact, it's the birthplace of four major world religions," the official noted.

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