Syria claims troop pullout

April 11, 2012

syria


Moscow/Paris/Beirut, April 11: Syria's foreign minister told Moscow yesterday Damascus had started withdrawing troops in line with Kofi Annan's peace plan but Russia said the regime should implement the initiative more decisively.


The rare visit by Foreign Minister Walid Muallem to Moscow coincided with a deadline under the Annan plan for Syria to withdraw forces from protest cities amid Western worries the scheme is in tatters.


"I told my Russian colleague of the steps Syria is taking to show its goodwill for the implementation of the Annan plan," Muallem said after talks with Russian Foreign Minister Sergei Lavrov. "We have already withdrawn military units from different Syrian provinces," he said without giving details on locations.


Muallem also said Syria had freed some prisoners who had been arrested for participating in anti-government riots. He added that a ceasefire should begin "simultaneously" with the arrival of international observers, in another apparent diversion from the Annan peace plan championed by the West.


However, France denounced Syria's assurance that its forces were complying with a UN-backed cease-fire deal as a "blatant lie" and urged foreign governments yesterday to challenge Assad's administration.


In scarcely diplomatic language, the French Foreign Ministry spokesman said: “The Syrian foreign minister's statements, affirming an initial implementation of the Annan plan by the Damascus regime, are a fresh expression of this blatant and unacceptable lie.


“They are indicative of a feeling of impunity against which the international community absolutely must react," the spokesman, Bernard Valero, told reporters in Paris.


Citing Syrian sources and satellite images, Valero said “none of the elements” of Annan's plan had been implemented. “There is what the regime’s representatives are saying and then there is the reality," he said. "On average 100 people are dying each day and it continues. “Today, Syrian security forces are still firing on populated areas and using heavy weapons, armored vehicles and helicopters. That's the reality.”


Syrian rebels are committed to the cease-fire, a rebel spokesman said yesterday. Col. Qassem Saad Al-Deen, spokesman of the joint command of the Free Syrian Army inside Syria, said the rebels would fight on if Assad does not pull back his troops and tanks from in and around cities by tomorrow in line with the plan.


Deadly violence yesterday killed 17 people across Syria, including at least seven civilians, on the day the government is expected to pull out from protest hubs as per a UN-Arab League peace plan, monitors said. Six civilians were killed in shelling that hit the old district of Khaldiyeh, in Homs, and another was shot dead in the neighborhood of Bab Tadmur, also in the central city, said the Syrian Observatory for Human Rights. The Britain-based center said regime forces shot four people in the village of Kfar Zeita, in the central Hama province, where troops loyal to Assad carried out arrests.


The center had reported earlier that unidentified gunmen killed six soldiers in the northeastern province of Hassakeh, in an attack that occurred between the villages of Masaada and Marqada.


It also reported clashes between Assad forces and rebel fighters in the area of Mzeyreeb, in the southern province of Daraa, the cradle of the dissent movement launched a year ago.


Meanwhile, explosions were heard outside Douma, a northern suburb of the capital, the center said.


The Local Coordination Committees, one of the main opposition groups inside Syria, said "large military reinforcements" had arrived overnight on the eastern outskirts of Rastan, in the central province of Homs.


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News Network
April 11,2020

Dubai, Apr 11: Saudi Arabia has reported another 382 new cases of coronavirus, bringing the total number of infections in the country to 4,033, the Ministry of Health announced on Saturday.

The ministry also confirmed five more deaths from the virus, pushing the death toll in Kingdom to 52.

A total of 35 people has made full recovery from the deadly disease, taking the tally of patients recovered to 720.

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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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Agencies
June 9,2020

Dubai, Jun 9: Dubai's Emirates airline has begun laying off employees to reduce cost and save cash as the carrier looks to rightsize its workforce.

"We at Emirates have been doing everything possible to retain the talented people that make up our workforce for as long as we can. However, given the significant impact that the pandemic has had on our business, we simply cannot sustain excess resources and have to rightsize our workforce in line with our reduced operations. After reviewing all scenarios and options, we deeply regret that we have to let some of our people go," the spokesperson said in the statement.

Citing sources, Reuters and Bloomberg earlier reported that a majority of those being made redundant are cabin crew workers as well as a minority of its engineers and pilots, including those flew the Airbus A380.

"This was a very difficult decision and not one that we took lightly. The company is doing everything possible to protect the workforce wherever we can. Where we are forced to take tough decisions we will treat people with fairness and respect. We will work with impacted employees to provide them with all possible support," said the statement.

The spokesperson, however, didn't disclose how many employees are being made redundant in this latest round of rightsizing the workforce.

Emirates on Sunday confirmed that it extended the period of reduced pay for its staff for another three months till September. It had previously reduced basic wages by 25 to 50 per cent for three months from April, with junior employees exempted.

The airline had employed around 60,000 people at the end of its 2019-20 financial year.

Saj Ahmad, chief analyst at StrategicAero Research, said the announced job cuts at Emirates will likely not be the last given the unprecedented damage that Covid-19 has had not just on air travel, but on the entire aviation industry as a whole.

"Emirates' massive international network means that job reductions were always a last resort option as the company staves off cash burn and expenses at a time when revenues are dried up. While Emirates SkyCargo is enjoying a resurgence in activities, the reality is that this income will never offset the lost money from passenger operations," he added.

"Whilst some salary reduction schemes have prevented bigger job cuts for now, the absence of a cure or medicinal suppressant of Covid-19 means that air travel is unlikely to even reach pre-9/11 levels within 3-5 years, let alone pre-Covid-19 levels in that same time period. For that reason, Emirates' reduction in headcount is necessary to stay competitive, agile and be ready for when air travel can resume with a degree of normalcy that we have been accustomed to for decades," said Ahmad.

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