Saudi Arabia among top 3 safest places in world

September 5, 2016

Jeddah, Sep 5: Saudi Arabia has been ranked among the top three safest places in the world, thanks to fewer natural disasters and constant efforts by the government in terms of health, security and infrastructure.

jeddah

The Institute for Environment and Human Security at the UN University has, in its recent report, placed the Kingdom as the third most safe and secure country after Malta and Qatar.

The US ranked 116th, while the most dangerous countries in the world included Vanuatu and Tonga, the Philippines, Guatemala and Bangladesh.

According to the American news site, TakePart, natural disasters like fires, tsunamis and earthquakes reduce the proportion of people living in security and safety.

Researchers at the Institute for Environment and Human Security at the University of the UN recently issued a study analyzing such disasters in 171 countries and the risks they pose.

The study’s project manager, Peter Myuk, said the survey took into account all issues concerning the environment and natural and human aspects, as well as the infrastructure in many countries, the ability to provide security for citizens, and ability to deliver aid quickly in the event of certain disasters.

According to the results of the study, Vanuatu, Tonga, the Philippines, Guatemala and Bangladesh ranked as the five most dangerous countries to live in.

Thirteen countries, out of 15, with low safety levels are located on the African continent, and this can be attributed to the low development levels.

Vanuatu and Tonga specifically suffer from frequent earthquakes and volcanoes, decreasing their safety levels.

Richer countries ranked higher on the list, due to good infrastructure, larger food assistance and the development of telecommunication, electricity, sewage, water and other services that people need.

Australia has been ranked 121st on the list because it suffers from flooding throughout the year; equally low ranked is Japan, which suffers from natural disasters but addresses the challenges with modern building techniques.

The study also revealed that countries such as Liberia (56th), Zambia (66th) and Central Africa (71st) suffer mostly from lack of health and medical resources, as well as medical evacuation and ambulance services.

Many countries also suffer from poor roads, making it difficult for emergency teams to deliver aid during natural disasters.

Based on the findings, researchers concluded that although countries “cannot control the size and strength of natural disasters, as well as the wars that are currently taking place in a number of countries, governments can do more to reduce the danger to humans by providing capabilities that would limit the number of victims.”
Saudi Arabia among top 3 safest places in world
Jeddah, Sep 5: Saudi Arabia has been ranked among the top three safest places in the world, thanks to fewer natural disasters and constant efforts by the government in terms of health, security and infrastructure.

The Institute for Environment and Human Security at the UN University has, in its recent report, placed the Kingdom as the third most safe and secure country after Malta and Qatar.

The US ranked 116th, while the most dangerous countries in the world included Vanuatu and Tonga, the Philippines, Guatemala and Bangladesh.

According to the American news site, TakePart, natural disasters like fires, tsunamis and earthquakes reduce the proportion of people living in security and safety.

Researchers at the Institute for Environment and Human Security at the University of the UN recently issued a study analyzing such disasters in 171 countries and the risks they pose.

The study’s project manager, Peter Myuk, said the survey took into account all issues concerning the environment and natural and human aspects, as well as the infrastructure in many countries, the ability to provide security for citizens, and ability to deliver aid quickly in the event of certain disasters.

According to the results of the study, Vanuatu, Tonga, the Philippines, Guatemala and Bangladesh ranked as the five most dangerous countries to live in.

Thirteen countries, out of 15, with low safety levels are located on the African continent, and this can be attributed to the low development levels.

Vanuatu and Tonga specifically suffer from frequent earthquakes and volcanoes, decreasing their safety levels.

Richer countries ranked higher on the list, due to good infrastructure, larger food assistance and the development of telecommunication, electricity, sewage, water and other services that people need.

Australia has been ranked 121st on the list because it suffers from flooding throughout the year; equally low ranked is Japan, which suffers from natural disasters but addresses the challenges with modern building techniques.

The study also revealed that countries such as Liberia (56th), Zambia (66th) and Central Africa (71st) suffer mostly from lack of health and medical resources, as well as medical evacuation and ambulance services.

Many countries also suffer from poor roads, making it difficult for emergency teams to deliver aid during natural disasters.

Based on the findings, researchers concluded that although countries “cannot control the size and strength of natural disasters, as well as the wars that are currently taking place in a number of countries, governments can do more to reduce the danger to humans by providing capabilities that would limit the number of victims.”

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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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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

Comments

Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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Agencies
June 28,2020

Kuwait, Jun 28: Measures imposed to curb the spread of the novel coronavirus in Kuwait are believed to have increased suicide cases in the country, according to a media report.

Forty suicide cases and 15 failed attempts, mainly among Asian expatriates, have been recorded in Kuwait since late February, Gulf News quoted the Al Qabas newspaper report, citing sources as saying on Saturday.

Investigations into the majority of cases have revealed that those who committed suicide had experienced psychological and economic troubles due to dire financial circumstances after their employers stopped to pay them as a result of economic fallout from the coronavirus-related measures.

In one case, an expat livestreamed his suicide while chatting with his fiancee on a social networking platform, the newspaper report said.

Suicide cases have increased by around 40 per cent since the start of the COVID-19 crisis, according to the sources.

Some 70 to 80 suicide cases are recorded annually in Kuwait. Last year, they reached 80 suicides against 77 in 2018.

"Suicide cases have started to go up in Kuwait during the coronavirus pandemic due to fear, anxiety, isolation and instability experienced by people and absence of daily aims that could help the person to spend time regularly as before," the newspaper quoted social psychology consultant Samira Al Dosari as saying.

Uncertainty for some expatriates, whose countries have refused to take them in, is another motive for attempting suicide, according to Jamil Al Muri, a sociology professor at the Kuwait University.

"This is in addition to greed of the iqamat traders, who have brought into the country workers in names of phantom companies and abandoned them on the streets," he added.

Starting from Tuesday, Kuwait will embark on the second phase of a stepwise plan to bring life to normal, Gulf News reportd.

According to Phase 2, a nationwide night-time curfew will be reduced by one hour to run daily from 8 p.m. until 5 a.m. for three weeks.

Kuwait has so far reported 44,391 COVID-19 cases, with 344 deaths.

Comments

Angry indian
 - 
Tuesday, 30 Jun 2020

YA ALLah save all dispressed people in the earth..

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