Syria gas "kills hundreds", Security Council meets

August 21, 2013

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Beirut/Amman, Aug 22: Syria's opposition accused government forces of gassing hundreds of people on Wednesday by firing rockets that released deadly fumes over rebel-held Damascus suburbs, killing men, women and children as they slept.

With the dead estimated at between 500 and 1,300, what would be the world's most lethal chemical weapons attack since the 1980s prompted an emergency meeting of the UN security council in New York.

While UN Secretary general Ban Ki-moon expressed shock, immediate international action is likely to be limited, with the divisions among major powers that have crippled efforts to quell two and a half years of civil war still much in evidence.

Russia hastened to back up denials from the administration of President Bashar al-Assad by saying it looked like a rebel "provocation" to discredit him.

Britain voiced the opposite view: "I hope this will wake up some who have supported the Assad regime to realize its murderous and barbaric nature," Foreign Secretary William Hague said on a visit to Paris, London's ally against Assad.

France, Britain, the United States and others called for an immediate on-site investigation by UN chemical weapons inspectors who arrived in the Syrian capital only this week. Moscow, urging an "objective" inquiry, said the very presence of that team suggested government forces were not to blame.

Neighboring Israel's Channel 10 television quoted defence minister Moshe Yaalon as telling reporters that Syria had used chemical weapons, and not for the first time.

US President Barack Obama has made the use of chemical weapons by Assad's forces a "red line" that already in June triggered more US aid to the rebels. But previous, smaller and disputed cases of their deployment have not brought the all-out military intervention that rebel leaders have sought to break a stalemate.

If confirmed, a major gas attack could increase pressure on Obama to do more to support rebels whose links to militant Islam have helped dampen Western enthusiasm for their cause.

The security council, where Russia has vetoed previous Western efforts to impose UN penalties on Assad, began a closed-door meeting but is not expected to take decisive action, with the big powers still at loggerheads and cautiously seeking clarity over the incident.

Images, including some by freelance photographers supplied to Reuters, showed scores of bodies - some of them small children - laid on the floor of a clinic with no visible signs of injuries. Some showed people with foam around their mouths.

Reuters was not able to verify the cause of their deaths.

The United States and others said it had no independent confirmation that chemical weapons had been used. U.N. chief Ban said the head of the organization's inspection team in Damascus was already discussing the latest claims with the government.

"SLEEPING DEAD"

Opposition activists variously cited death tolls ranging from about 500 to, by one account, some 1,300 after shells and rockets fell around 3am (0000 GMT). In 1988, 3,000 to 5,000 Iraqi Kurds were gassed by Saddam Hussein's forces at Halabja.

One man who said he had retrieved victims in the suburb of Erbin told Reuters: "We would go into a house and everything was in its place. Every person was in their place. They were lying where they had been. They looked like they were asleep.

"But they were dead."

When shelling hit her town of Mouadamiya, southwest of the capital, Farah al-Shami ignored rumors on Facebook that rockets were loaded with chemical agents. She thought her district was too close to a military encampment to be affected.

"And at the same time the UN was here. It seemed impossible. But then I started to feel dizzy. I was choking and my eyes were burning," the 23-year-old told Reuters over Skype.

"I rushed to the field clinic nearby. Luckily no one in my family was hurt, but I saw entire families on the floor."

Doctors interviewed described symptoms they believe point to sarin gas, one of the agents Western powers accuse Damascus of having in an undeclared chemical weapons stockpile.

"The United States is deeply concerned by reports that hundreds of Syrian civilians have been killed in an attack by Syrian government forces, including by the use of chemical weapons," White House spokesman Josh Earnest said.

He added that "if the Syrian government has nothing to hide", it would facilitate the work of the UN inspectors.

Syrian information minister Omran Zoabi said the allegations were "illogical and fabricated". Assad's officials have said they would never use poison gas against Syrians. The United States and European allies believe Assad's forces have used small amounts of sarin before, hence the current UN visit.

Russia came to Assad's defense.

Noting the "criminal act" took place as the U.N. team got to work, a spokesman in Moscow said: "This cannot but suggest that once again we are dealing with a pre-planned provocation ... We call on all those who can influence the armed extremists to make every effort to end provocations with chemical agents."

George Sabra, one of the leading opponents of Assad, said the death toll was 1,300: "Today's crimes are ... not the first time the regime has used chemical weapons. But they constitute a turning point in the regime's operations," he said in Istanbul.

"This time it was for annihilation rather than terror."

US senator John McCain, a Republican critic of Obama's Syria policy, said on Twitter that failure to penalize previous gas attacks had emboldened Assad: "No consequence for Assad using chemical weapons & crossing red line," he said. "We shouldn't be surprised he's using them again."

An opposition monitoring group, citing figures compiled from clinics in the Damascus suburbs, put the death toll at 494 - 90 percent killed by gas, the rest by bombs and conventional arms. The rebel Syrian National Coalition said 650 people died.

Activists said rockets with chemical agents hit the Damascus suburbs of Ain Tarma, Zamalka and Jobar during a fierce pre-dawn bombardment by government forces. The Damascus Media Office said 150 bodies were counted in Hammouriya, 100 in Kfar Batna, 67 in Saqba, 61 in Douma, 76 in Mouadamiya and 40 in Erbin.

Residents of the capital said mortars later hit government-held areas in Faris Khoury Street and the Malki district, where Assad has a residence. There were no reports of injuries.

Heavy air strikes continued throughout the day against the rebel suburbs of Mouadamiya and Jobar.

SYMPTOMS

A nurse at Douma Emergency Collection facility, Bayan Baker, said: "Many of the casualties are women and children. They arrived with their pupils constricted, cold limbs and foam in their mouths. The doctors say these are typical symptoms of nerve gas victims."

Exposure to sarin gas causes pupils in the eyes to shrink to pinpoint sizes and foaming at the lips.

Extensive amateur video and photographs appeared on the Internet showing victims choking, some foaming at the mouth.

A video purportedly shot in the Kafr Batna neighborhood showed a room filled with more than 90 bodies, many of them children and a few women and elderly men. Most of the bodies appeared ashen or pale but with no visible injuries.

Other footage showed doctors treating people in makeshift clinics. One video showed the bodies of a dozen people lying on the floor of a clinic. A voiceover said they were members of a single family. In a corridor outside lay another five bodies.

Syria is one of just a handful of countries that are not parties to the international treaty that bans chemical weapons, and Western nations believe it has caches of undeclared mustard gas, sarin and VX nerve agents.

Assad's officials have said they would never use poison gas - if they had it - against Syrians. Western countries say they do not believe the rebels have access to poison gas.

The conflict grew out of pro-democracy protests in March 2011 inspired by the fall of authoritarian rulers in Tunisia and Egypt. It has turned into a sectarian bloodbath in which over 100,000 have died and has sown animosity across the region.

Assad has support at home from his minority fellow Alawites and abroad from Iran, bastion of the related Shi'ite strand of Islam. Rebels are predominantly from the Sunni majority and have backing from the West and Sunni Arab powers like Saudi Arabia.

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Arab News
March 21,2020

Jeddah, Mar 21: Saudi government ministers on Friday announced a war chest of more than SR120 billion ($32 billion) to fight the “unprecedented” health and economic challenges facing the country as a result of the killer coronavirus pandemic.

During a press conference in Riyadh, finance minister and acting minister of economy and planning, Mohammed Al-Jadaan, unveiled a SR70 billion stimulus package to support the private sector, especially small- and medium-sized enterprises (SMEs) and businesses worst-hit by the virus outbreak.

And the Saudi Arabian Monetary Authority (SAMA) has also sidelined SR50 billion to help the Kingdom’s banking sector, financial institutions and SMEs.

Al-Jadaan said the government had introduced tough measures to protect the country’s citizens while immediately putting in place a financial safety net. He added that the Kingdom was moving decisively to address the global COVID-19 disease crisis and cushion the financial and economic impact of the outbreak on the country.

The SR70 billion package of initiatives revealed by the minister will include exemptions and postponement of some government dues to help provide liquidity for private-sector companies.

Minister of Health Dr. Tawfig Al-Rabiah noted the raft of precautionary measures that had been introduced by the Kingdom in cooperation with the private sector and government agencies to combat the spread of the coronavirus, highlighting the important contribution of the data communication services sector.

He reassured the Saudi public that the Kingdom would continue to do whatever was required to tackle the crisis.

“This pandemic has a lot of challenges. It’s difficult to make presumptions at this moment as we’ve seen; many developed countries did not expect the rate of transmission of this virus.

“We see that the reality of the situation is different from what many expected. The virus is still being studied and though we know the means of transmission, it is transmitted at a very fast rate, having spread to many countries faster than expected.

“We see that many countries have not taken the strong precautionary measures from the beginning of the crisis which led to the vast spread of the virus in these countries,” Al-Rabiah said.

He pointed out that social distancing would help slow the spread.

Al-Jadaan said the Saudi government had the financial and economic capacity to deal with the situation. “We have large reserves and large investments, but we do not want to withdraw from the reserves more than what was already announced in the budget. We do not want to liquidate any of the government’s investments so we will borrow.

“We have approval from the government after the finance committee raised its recommendations to increase the proportion of the domestic product borrowing from 30 percent to 50 percent. We do not expect to exceed 50 percent from now until the end of 2022,” he added.

The government would use all the tools available to it to finance the private sector, especially SMEs, and ensure its ongoing stability.

The finance minister said that at this stage it was difficult to predict the economic impact of the pandemic on the private sector, but he emphasized that international coordination, most notably through G20 countries and health organizations, was ongoing.

On recorded cases of the COVID-19 disease in the Kingdom, Al-Rabiah said: “Many of the confirmed cases are without symptoms, this is due to the precautionary measures being considered.

“As soon as a case is confirmed, we contact and examine anyone who was in direct contact with the patient. This epidemiological investigation, is conducted on a large scale to investigate any case that was in contact with the patient.”

Al-Jadaan also announced the formation of a committee made up of the ministers of finance, economy and planning, commerce, and industry and mineral resources, along with the vice chairman of the board of the Saudi National Development Fund, and its governor.

The committee will be responsible for identifying and reviewing incentives, facilities, and other initiatives led by the fund.

Committees had also been established, said Al-Jadaan, to study the impact and repercussions of the coronavirus crisis on all sectors and regions, and look at ways of overcoming them through subsidies or stimulus packages.

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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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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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