Saudi Crown Prince Lashes Out at Arch-Rival Iran over Tanker Attacks

Agencies
June 16, 2019

Riyadh, Jun 16: Saudi Crown Prince Mohammed bin Salman accused arch-rival Iran of attacks on oil tankers in a vital Gulf shipping channel, adding he "won't hesitate" to tackle any threats to the kingdom, according to an interview published on Sunday.

Two tankers were struck by explosions on Thursday in the Gulf of Oman, the second attack in a month in the strategic shipping lane amid a tense US-Iran standoff, sparking fears of a regional conflagration and sending oil prices soaring.

"We do not want a war in the region... But we won't hesitate to deal with any threat to our people, our sovereignty, our territorial integrity and our vital interests," Prince Mohammed told pan-Arab daily Asharq al-Awsat, in his first public comments since the attacks.

"The Iranian regime did not respect the presence of the Japanese prime minister as a guest in Tehran and responded to his (diplomatic) efforts by attacking two tankers, one of which was Japanese."

The prince also accused "Iran and its proxies" over May 12 attacks on four tankers anchored in the Gulf of Oman off the United Arab Emirates port of Fujairah.

Thursday's attack on two tankers -- the Japanese-owned Kokuka Courageous that was carrying highly flammable methanol when it was rocked by explosions and the Norwegian-operated Front Altair -- came around the time Japanese Prime Minister Shinzo Abe was meeting with Iranian leaders in Tehran.

US President Donald Trump has said the twin attacks had Iran "written all over it", rejecting Tehran's vehement denial.

Saudi Arabia, a close US ally, is a bitter regional rival of Iran.

The US military on Friday released grainy footage it said showed an Iranian patrol boat removing an "unexploded limpet mine" from one of the tankers.

The UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan on Saturday called on world powers "to secure international navigation and access to energy", a plea echoed by regional ally Saudi Arabia after the incident sent crude prices soaring.

Iran has repeatedly warned in the past that it could block the strategic Hormuz Strait in a relatively low-tech, high-impact countermeasure to any attack by the United States.

Doing so would disrupt oil tankers travelling out of the Gulf region to the Indian Ocean and global export routes.

The UAE's Sheikh Abdullah, whose country is bitterly opposed to Iranian influence in the region, called for a deescalation of tensions.

"We remain hopeful in attaining a broader framework for cooperation with Iran," he said at a summit in Bulgaria.

Meanwhile, Saudi Arabia's Energy Minister Khalid al-Falih called for a "swift and decisive" response to threats against energy supplies after Thursday's "terrorist acts".

Vessels Head To Port

The Japanese tanker's Tokyo-based operator Kokuka confirmed Saturday the stricken vessel was heading to port in the UAE.

"We still don't know if the tanker goes to Khor Fakkan or Fujairah as they are very close," said a spokesman, referring to two Emirati ports on the Gulf of Oman.

Maritime experts would then seek to transfer the highly flammable cargo to shore, according to an unnamed official quoted by Japanese state media.

"From a viewpoint of global energy security, it is necessary for the international community to jointly deal with the act," said Japanese trade minister Hiroshige Seko at a G20 energy and environment meeting in Japan on Saturday.

The other ship, the Front Altair, has left Iran's territorial waters, multiple sources said Saturday.

The ship is "heading toward the Fujairah-Khor Fakkan area in the United Arab Emirates", head of ports for Iran's southern province of Hormozgan told the semi-official news agency ISNA.

The tanker "has left Iran's territorial waters," he said, adding that it was being towed and sprayed with water to cool the hull.

A spokeswoman for Frontline Management, the Norwegian company which owns the ship, said "all 23 crew members of the tanker departed Iran" and flew to Dubai on Saturday.

"All crew members are well and have been well looked after while in Iran," she said.

'Allegations Against Iran'

Iranian Foreign Minister Mohammad Javad Zarif tweeted that the US had "immediately jumped to make allegations against Iran without a shred of factual or circumstantial evidence."

The United States has also accused Iran over May 12 sabotage attacks on four tankers anchored in the Gulf of Oman off Fujairah.

British Foreign Secretary Jeremy Hunt said London had concluded Iran was "almost certainly" responsible for Thursday's tanker attacks.

Iran's foreign ministry responded on Saturday by summoning British Ambassador Rob Macaire over Hunt's "false remarks", the official IRNA news agency reported.

UN Secretary-General Antonio Guterres called for an independent investigation.

"It's very important to know the truth (and) that responsibilities are clarified," he told reporters at UN headquarters in New York.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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News Network
June 15,2020

New Delhi, Jun 15: Two officials working with the Indian High Commission in Islamabad have reportedly gone missing, sources said.

The two officials are untraceable for the last few hours.

Recently news agency reported on how Pakistan 's spy agency ISI has been tailing and harassing Indian officials and also increased their presence at the residence of Acting High Commissioner Gaurav Ahluwalia.

This incident came in the backdrop when two Pakistani officials were caught red-handed and sent back trying to collect classified information and spying in Delhi.

South block is watching the developments closely, the Indian mission has also launched a complaint with local authorities and taken up the matter Pakistan Foreign Ministry.

This incident can cause a further dip in the already tense India-Pakistan relations.

Earlier in the month, India deported two Pakistani officials for espionage activities in India.

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News Network
May 31,2020

Dubai, May 31: As many as 84 beggars have been arrested in Dubai during the Eid Al Fitr holiday, the Dubai Police have said.

The arrests were carried out as part of their anti-begging campaign to prevent begging during the holy month of Ramadan.

Some illegal vendors, too, have been arrested in different areas of the emirate, the police added.

Colonel Ali Salem, Director of the Infiltrators Department at the Criminal Investigations Department of Dubai Police, said that the campaign aims to maintain the safety and security of the society, adding that the campaign was successful and helped reduce the number of beggars across the emirate.

He called on the public to report begging activities to the number 901 or the Dubai Police app.

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