Saudi Arabia's withdrawal stuns UN Security Council

October 18, 2013
United Nations (United States), Oct 18: Saudi Arabia's angry rejection of a Security Council seat one day after winning it is a United Nations first that stunned members of the body on Friday.

UN

But diplomats said there had been no official notice from Riyadh of its refusal to take up the seat on January 1. It was possible the conservative kingdom could change its mind, they added.

"This is totally unexpected. We all had to look into the council history for a precedent and there is not one," said a Security Council diplomat, speaking on condition of anonymity.

"Campaigning and securing a seat normally takes years of preparation which makes the announcement even more surprising."

Saudi Arabia was one of five nations elected by the UN general assembly to start a two-year term on the 15-member Security Council. The others included Chad, Chile, Lithuania and Nigeria. All had stood unopposed.

"There was nothing controversial about the election. But the government has made it clear in recent weeks that it is concerned about Syria and the Palestine issue," said a second UN diplomat.

"They will have to write to set out their official position and then the UN will have to decide the next step," the envoy added.

"There could be a new election, but it is possible that Saudi Arabia can be persuaded to change its stance."

The United Nations secretariat and UN general assembly president had no immediate comment.

Saudi Arabia won a seat for the first time in Thursday's election.

"Work mechanisms and double-standards on the security council prevent it from carrying out its duties and assuming its responsibilities in keeping world peace," the Saudi foreign ministry said in a statement explaining its move.

"Therefore Saudi Arabia... has no other option but to turn down Security Council membership until it is reformed and given the means to accomplish its duties and assume its responsiblities in preserving the world's peace and security," it 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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Agencies
August 2,2020

Kuwait, Aug 2: Kuwait has barred entry of foreign passengers from over 30 countries including India and China.

A circular from the Director General Civil Aviation, State of Kuwait directed all airlines operating at Kuwait International Airport to adhere to the instructions in this regard.

"Based on the decision of the Health Authority in State of Kuwait, no foreign passenger coming from the down listed countries will be allowed to enter the State of Kuwait," the circular read.

These include- India, Iran, China, Brazil, Colombia, Armenia, Bangladesh, Philippines, Syria, Spain, Singapore, Bosnia and Herzegovina, Sri Lanka, Nepal, Iraq, Mexico, Indonesia, Chile, Pakistan, Egypt, Lebanon, Hong Kong, Italy, North Macedonia, Moldova, Panama, Beirut ,Serbia Montenegro, Dominican Republic and Kosovo.

The circular stated that such restriction will also include the passengers were present 14 days before the date of travel until further notice.

The ban was announced the same day Kuwait began a partial resumption of commercial flights according to Khaleej Times, which quoted authorities stating that Kuwait International Airport would run at about 30 per cent capacity from Saturday, gradually increasing in coming months.

According to the latest data from Johns Hopkins University, Kuwait has reported 67,448 cases of coronavirus while the fatalities related to the virus stand at 453.

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News Network
April 29,2020

Dubai, Apr 29: Saudi Arabia reported 1,325 new cases of coronavirus, bringing the total number of infections in the country to 21,402, the Ministry of Health announced on Wednesday (April 28).

Meanwhile, the ministry reported 169 recoveries today, with total recoveries in the kingdom at 2,953. There are 125 cases in intensive care.

The ministry also confirmed 5 deaths, bringing the total number of deaths in the kingdom to 157.

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