Strong US-Saudi ties will weather JASTA impact: Fahad Nazer

September 30, 2016

Jeddah, Sep 30: A leading Washington-based analyst feels that firmly rooted Saudi-US ties will weather all possible consequences of Wednesday’s passage of the controversial 9/11 bill, known as the Justice Against Sponsors of Terrorism Act (JASTA).

fahad nazerFahad Nazer, a non-resident fellow with the Arab Gulf States Institute in Washington (AGSIW), told Arab News that the current state of Saudi-US relations is strong and solid.

“Their close cooperation on counterterrorism, the continued Saudi preference for American weapons, the important role that Saudi Arabia plays in stabilizing international energy markets and the $70 billion worth of annual trade between the two countries will sustain the relationship for the foreseeable future,” he said.

In addition, he said, one should certainly not underestimate the massive soft power of “the thousands of Saudis who have studied in the US and the thousands of Americans who have made a living in Saudi Arabia over the years — they have all played an important role in building a level of trust and familiarity between Saudis and Americans.”

Having said all that, he admitted that it would be difficult to argue that the relationship has not experienced strain.

“JASTA’s becoming the law of the land is clearly troubling to Saudi officials,” said Nazer. “Crown Prince Mohammed bin Naif reiterated Saudi Arabia’s concern for the implications of the legislation and the principle of sovereign immunity. This concern was made clear in his address to the UN General Assembly last week.”

The Saudis have repeatedly said that the legislation could have an adverse impact on the way that international relations are conducted and that the US could leave itself open to similar measures by other countries which would make American diplomatic and military personnel vulnerable to prosecution.

“This is the same argument that senior US administration officials, including President Barack Obama himself and Secretary of Defense Ash Carter, have made on multiple occasions,” said Nazer. “The legislation goes beyond straining US-Saudi relations.”

According to Nazer, although Saudi officials are clearly frustrated by the continuing accusations that they are to blame for the Sept. 11, 2001, attacks, US government investigations have concluded that there is no evidence to support these allegations.

“It appears that Saudi officials take some solace in the fact that many US security and counterterrorism officials give Saudi Arabia high marks for the measures it has taken to counter Daesh and other terrorist groups,” he said.

“Yes, JASTA is now a serious concern, but Saudi officials are well aware that the US administration shares some of the same concerns,” said Nazer. “I think they understand that the American government and public are not monolithic.”

That can also be said of the US Congress, he said, pointing out that there is a stark contrast between the views of Senators John McCain and Rand Paul as far as relations with Saudi Arabia are concerned.

“The defeat of Sen. Paul’s measure that would have blocked $1.5 billion worth of weapons to Saudi Arabia last week suggests that some of the pillars of this relationship, including military purchases and training, remain strong,” he said.

“If one takes into account the administration’s position and various Congressional leaders’ public pronouncements, it appears that a majority of American officials in both parties still appreciate and support strong US-Saudi relations,” added Nazer.

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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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Agencies
July 2,2020

With the launch of the Emirates Mars Mission less than a couple of weeks away, the spacecraft that will carry the UAE's Hope Probe to outer space has already been fuelled, it was announced today.

At a virtual briefing by the Mohammed bin Rashid Space Centre (MBRSC) today, the media was informed that scientists are busy giving finishing touches to the Hope Mars Mission, which will give mankind a complete picture of the Martian atmosphere once the UAE's indigenous probe reaches the Red Planet's orbit in 2021.

As the monitoring continues, final charging of the batteries is also ongoing, scientists said.

The space engineers averred that with this mission, the momentum in the region for space awareness will continue not only among young Emiratis but also among other youngsters in the Arab world.

The Hope Probe is scheduled to take off from Japan's Tanegashima Space Centre on July 15 at 00:51:27 UAE time.

The first Arab space mission to the Red Planet remained on track despite the challenges arising from the Covid-19 pandemic.

The spacecraft will provide the first global pictures of the Martian atmosphere and data will be shared freely with over 200 research centres across the world. It will help answer key questions about the global Martian atmosphere and the loss of hydrogen and oxygen gases into space over the span of one Martian year.

450 engineers, technicians and experts are involved in the project.  This comprises of 12,000 tasks in 6 years and entails 5.5 million working hours.

It includes 200 new technologies and 15 scientific partnerships with global universities and institutions.

The spaceship will travel 495 million km. It has a cruise speed of 121,000km/hour.

MBRSC is responsible for the execution and supervision of all stages of the design, development and launch of the Hope Probe. The UAE Space Agency is funding and supervising procedures and necessary details for the implementation of this project. After its launch in mid-July and following a journey of several months, the probe is expected to enter the Red Planet's orbit in 2021, coinciding with the Golden Jubilee of the Union.

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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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