Arabs, Muslims condemn Egypt church bombings

April 10, 2017

Jeddah, Apr 10: Terrorist attacks targeting two Coptic Christian churches in Egypt, which killed at least 43 people and wounded as many as 100, have unified Arab and Western nations to further their efforts to defeat extremist violence.

ArabsEgyptian President Abdel Fattah El-Sisi announced a three-month state of emergency following twin church bombings.

King Salman on Sunday made a phone call to El-Sisi, expressing his condolences and sympathy to the Egyptian president, following the terrorist bombings.

During the phone call, the king expressed in the strongest words his denunciation and condemnation of the two sinful criminal terrorist acts and reiterated the Kingdom’s solidarity with Egypt and its people against whoever attempts to tamper with its security and stability.

Security and political analysts told Arab News that while the international community combines resources to fight terrorism, the strategy also makes their countries targets of retaliation. Yet it also strengthens their resolve to defeat groups like Daesh.

Bombs exploded at two Coptic churches in different cities in northern Egypt as worshippers were celebrating Palm Sunday in an attack claimed by Daesh. The claim was published by the militant group’s Aamaq news agency. It provided no further details.

The blasts came at the start of Holy Week leading up to Easter, and just weeks before Pope Francis was due to visit the Arab world’s most populous country, which has been beset by extremist violence against its minority Christians.

In the first attack, a bomb went off inside St. George’s Church in the Nile Delta city of Tanta, killing at least 27 people and wounding 78, officials said.

A few hours later, a suicide bomber rushed toward St. Mark’s Cathedral in the coastal city of Alexandria, the historic seat of Christendom in Egypt, killing at least 16 people and wounding 41, the Interior Ministry said.

Foreign, Arab and Muslim countries quickly condemned the terrorist attacks.

Saudi Arabia’s Foreign Ministry issued a condemnation in a statement issued in the aftermath of the attacks.

Extremists have claimed previous attacks against Egypt’s Coptic minority, and had recently vowed to step up violence against Christians, who they view as an ally of the West in a war against Islam.

Regional police chief Brig. Gen. Hossam Elddin Khalifa was fired over the incident, with Maj. Gen. Tarek Hassouna replacing him, the state-run newspaper Al-Ahram reported.

Pope Tawadros II had held Palm Sunday services at the cathedral, but his aides said he had escaped unharmed. The timing of the attack raised the question of whether the bomber had sought to assassinate the pope, leader of one of the world’s oldest Christian communities.

It is a serious security breech that calls on the Egyptian security institution to revise all its security measures, said Hani Nusseira, an expert in the affairs of Islamic groups. However, he said these attacks always have an opposite effect of what terrorists intended.

“The Egyptian society is known for their reliance,” he told Arab News on Sunday. “Every time a terrorist act takes place the people become more united and more supportive of any government measures to counter the terrorists.”

He added that despite authorities’ knowledge of being a target by the terrorist groups, they have yet to implement adequate security measures to ensure the public’s safety, especially during national or religious events.

Nusseira stressed that despite the attacks, the Egyptian case is not an exceptional one, but rather its fight against terrorist groups makes the country more subject to retaliatory acts.

Hamdan Al-Sheheri, a political analyst and international relations scholar, said the question is who is benefiting from these terrorist acts in the first place.

“This barbaric act is an attempt by terrorists to defragment the international focus, especially the US administration, which has started to see recently from the Syrian regime, back to fighting terrorism. This implies that the Syrian regime backed by the Iranians are trying to shift the pressure in a way that serves their agendas in the region,” Al-Sheheri told Arab News on Sunday.

The US administration in the wake of the recent chemical attack in Syria and the US missile strike against the Syrian regime could be a reason triggering these terrorist blast in Egypt, he said.

He said that it is also an attempt to put pressure on the Egyptian government not to support any international pressure on the Syrian regime and to keep their efforts focused on supporting a political settlement in Syria.

“Terrorism does not distinguish between countries or religions. The terrorists consider any successful breech of security in any targeted country a success to their agendas,” he said.

Over the past years, the Coptic community in Egypt has been subject to several terrorist attacks, he said.

“From the terrorist perspective, what is making them a target is their support to the current political system,” he said. “They are Egyptians, after all, and they are affected by whatever political development that takes place in Egypt, which gives them the right to take a political stance just like any other Egyptians.”

Nabil Haddad, founder and director of the Jordanian Interfaith Coexistence Research Center, said, “This cowardly act was committed at the hands of terrorist individuals who have nor regard to faith or humanity. Terrorism does not differentiate between religions and those cowardly groups are only tarnishing the image of Islam, which calls for tolerance and peaceful coexistence among different faiths.

“This will not deter us from living together in peace and harmony. On the contrary, it will make us more united and adamant to defeat terrorism."

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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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News Network
May 5,2020

Dubai, May 5: Saudi Arabian prosecutors have ordered the arrest of a Saudi citizen for insulting an Asian expatriate and abusing him for not embracing Islam.

A video went viral online showing the expat, apparently with little knowledge of the Arabic language, being insulated by an Arabic-speaking man who does not appear in the clip, for having not embraced Islam and for not fasting.

A monitoring centre affiliated with the public prosecution examined the video the content of which “shows the citizen’s use of abusive words against the Asian resident on the pretext of inviting him to Islam,” the prosecution source said.

“The public prosecution closely follows up whatever infringes rights of citizens and residents including harm to their dignity and legal rights regardless of pretexts of such infringement,” the source added.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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