UAE warns Qatar to accept the list of demands or face 'divorce'

Agencies
June 24, 2017

Abu Dhabi, Jun 24: The United Arab Emirates warned Qatar Friday that it faces "divorce" from its Gulf neighbours unless it takes their demands seriously, as the United Nations offered to help resolve the regional diplomatic crisis.uaee

The list of demands includes the closure of Al-Jazeera television, a long-standing source of conflict between Doha and neighbouring countries which accuse it of fomenting regional strife.

The Qatar-based broadcaster denounced the move as an attack on media freedom.

Anwar Gargash, the UAE's state minister for foreign affairs, issued the warning more than two weeks into the oil-rich region's worst diplomatic crisis in years.

"It would be wiser that (Qatar) deal seriously with the demands and concerns of the neighbours or a divorce will take place," he wrote on Twitter.

The demands confirm that "the crisis is profound," Gargash added.

The affair has also drawn in the United States, whose Secretary of State Rex Tillerson has called for Gulf unity.

UN spokeswoman Eri Kaneko said the world body continued "to follow the situation with deep concern".

"We hope that the countries involved resolve the situation through dialogue," she said. "We are ready to assist if requested by the parties."

Qatar is the world's leading exporter of liquefied natural gas (LNG) and hosts the biggest American airbase in the Middle East.

Gargash accused Qatar of leaking a document containing the demands by Saudi Arabia, the UAE, Bahrain and Egypt, which have cut diplomatic ties and accused Qatar of sponsoring terrorism.

Qatar strongly denies such charges.

'Attempt to silence'

The demands have not been officially unveiled but Doha-based Al-Jazeera news channel said overnight Thursday they were handed to Qatar by Kuwait, which is mediating the dispute.

According to the document posted on social media, the four countries demand that Qatar closes Al-Jazeera, downgrades diplomatic ties with Iran and shuts a Turkish military base in the emirate.

Al-Jazeera, one of the largest news organisations in the world, said that it "deplores" calls for it to be taken off air.

"We in the network believe that any call for closing down Al-Jazeera is nothing but an attempt to silence the freedom of expression in the region and to suppress people's right to information," the broadcaster said in a statement.

Al-Jazeera English's managing director, Giles Trendle, said it was like "Germany demanding Britain to close down the BBC", in a video posted on social media.

Qatar is a member of the Gulf Cooperation Council with Bahrain, Kuwait, Oman, Saudi Arabia and the UAE.

On June 5, Saudi Arabia and the UAE led a severing of all links with Qatar for allegedly supporting groups, including some backed by Iran, "that aim to destabilise the region".

Other allies, including Egypt and Bahrain, followed.

Saudi Arabia regularly accuses Iran, its regional rival, of interference throughout the Middle East.

US 'mystified'

As well as cutting diplomatic ties, Qatar's neighbours closed their air space to Qatari carriers and blocked the emirate's only land border, vital for its food imports.

The list of 13 demands circulating on social media also says Qatar must cut ties to groups including the Muslim Brotherhood, the Islamic State organisation, Al-Qaeda and Lebanon's Iran-backed Hezbollah movement.

Qatar is also required to hand over opposition figures wanted by its three neighbours and Egypt.

In addition to Al-Jazeera, it must shut online information sites that it supports, according to the reported demands.

Although there has yet to be an official reaction to the list from the Doha government, Qatar's Human Rights Committee said the demands represented "gross violations" of basic rights.

In Qatar, the hashtag "the list is rejected" trended in Arabic on social media.

Gargash though urged Qatar to cede to the demands: "The brother (Qatar) must realise that the solution for its crisis lies not in Tehran or Beirut or Ankara or Western capitals or in media outlets, but in regaining the trust of its neighbours," he said.

Tillerson said on Wednesday that Washington had been pushing for a clear list of grievances that are "reasonable and actionable".

"Our role has been to encourage the parties to get their issues on the table, clearly articulated, so that those issues can be addressed and some resolution process can get underway to bring this to a conclusion," he said.

His spokeswoman Heather Nauert said Tuesday the United States was "mystified" that Saudi Arabia and its Gulf allies had failed to present details justifying their embargo on Qatar.

US President Donald Trump, however, has made statements siding with Saudi Arabia in the crisis.

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News Network
July 5,2020

Riyadh, Jul 5: Custodian of the Two Holy Mosques King Salman has approved the extension of the validity of the expired iqama (residency permit) and exit and reentry visas of expatriates who are outside the Kingdom for a period of three months without any fee.

The iqama of expatriates inside the Kingdom as well as the visa of visitors who are in the Kingdom of which the validity expires during the period of suspension of entry and exit from the Kingdom will also be extended for a period of three months without any charge.

The validity of final exit visas as well as exit and reentry visas issued for expatriates, who are in the Kingdom, but were not used during the lockdown period will be extended for a period of three months without any fee, the Saudi Press Agency reported quoting an official source at the Ministry of Interior.

The ministry source said that these measures were taken as part of the continuous efforts made by the government of King Salman to mitigate the effects of the coronavirus pandemic on individuals as well as on private sector establishments and investors, economic activities in the Kingdom, following the adoption of the preventive measures to stem the spread of the pandemic.

The beneficiaries of the King’s order include all expatriates who are outside the Kingdom on exit and reentry visas, which expired during the lockdown period and after lifting of the lockdown.

These expatriates are not in a position to return to the Kingdom due to the enforcement of suspension of international flight service and temporary ban on entry and exit from the Kingdom.

The beneficiaries also include those expatriates who are still in the Kingdom after issuance of final exit visas or exit and reentry visas but could not travel because of the suspension of entry and exit from the Kingdom.

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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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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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