UAE Adopts 122 Economic Activity of 100% Foreign Ownership

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

UAE Adopts 122 Economic Activity of 100% Foreign Ownership

Wednesday, 3 July, 2019 – 11:45
Dubai Cabinet Meeting chaired by Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum (WAM)
Dubai- Asharq Al-Awsat
UAE’s cabinet approved a decision allowing foreign investors in the sectors and economic activities eligible of ownership up to 100 percent in the UAE.

A statement issued by the government said that the decision aims to support the country’s growth environment and reaffirm its position on the global arena as a hub for investment.

The cabinet meeting was chaired by Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, and attended by Deputy Prime Minister and Minister of the Interior Lt. General Sheikh Saif bin Zayed Al Nahyan, and Deputy Prime Minister and Minister of Presidential Affairs Sheikh Mansour bin Zayed Al Nahyan.

Sheikh Mohammed bin Rashid announced the decision in a tweet on his account, saying: “we approved 100% foreign ownership in 122 economic activities in fields including agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction and entertainment.”

The Prime Minister declared that local governments will identify relevant ownership percentages in every activity, indicating that the goal is to stimulate, facilitate and activate business, open and expand new economic sectors, attract new investors and talents, and enhance global competitiveness of the national economy.

“We also approved a benefit-transfer scheme among the country’s pension funds. We want to facilitate procedures for our citizens to move between federal and local sectors and civil and military sectors, and vice versa. We are united to serve one country and one goal.”

As a result, a total of 122 economic activities across 13 sectors were specified to be eligible for up to 100 percent foreign ownership such as renewable energy, space, agriculture, and manufacturing Industry.

The decision provides investors with an opportunity to acquire various shares in a number of economic activities including the production of solar panels, power transformers, green technology, and hybrid power plants, according to WAM.

Areas of foreign ownership also include transport and storage, which allows investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products.

Other areas of ownership by foreign investors include hospitality and food services, information and communications, as well as professional, scientific and technical activities, thereby allowing for ownership in laboratories for research and development in biotechnology.

The list also includes administrative services, support services, educational activities, healthcare, art and entertainment, and construction.

In other governmental affairs, the cabinet adopted the restructuring of the Education and Human Resources Council, chaired by Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan.

It also approved the decision to finance the funding of federal universities and colleges based on performance results for the academic year 2018-2019, aiming to increase financial planning efficiency and implementation of the budget.

The cabinet reviewed a number of reports of the Higher Committee to measure compliance with international standards for combating money laundering and combating terrorism financing and corrective actions.

Israel Claims Easing Gaza Fishing Restrictions

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Israel Claims Easing Gaza Fishing Restrictions

Tuesday, 21 May, 2019 – 10:00
Gaza fishing boats. (AFP Photo/MOHAMMED ABED)
Gaza – Asharq Al-Awsat

Israel announced Tuesday it had eased fishing restrictions off the blockaded Gaza Strip after a ceasefire with Hamas ended a deadly escalation earlier this month.

Israel extended the fishing limit to up to 15 nautical miles, said COGAT, the defense ministry unit that oversees such regulations.

The move restores the fishing zone to the limits set in April ahead of Israel’s general election.

Gaza fishing union official, Zakaria Bakr, however told AFP on Tuesday morning it had yet to be informed of any changes.

COGAT did not provide further details, but in April the limit was set at six nautical miles in the north near the Israeli border, 12 off central Gaza and 15 in the south near the Egyptian border, according to the fishing union.

Israel banned fishing completely when the two-day flare-up of violence began earlier this month, but lifted the ban with a restriction of up to 12 nautical miles following the truce, AFP said.

According to the news agency, the 15-nautical-mile limit is the largest allowed in years by Israel, which has fought three wars with Palestinian militants in the enclave and has blockaded it for more than a decade.

But human rights activists note that it still falls short of the 20 nautical miles agreed under the Oslo accords of the 1990s.

Israeli authorities did not say the move was linked to the truce reached earlier this month with Hamas.

But Palestinian officials said at the time of the May 6 ceasefire that it included Israel taking steps to ease its blockade.

Israel media reported late Monday that the ceasefire, brokered by Egyptian and UN officials, is a six-month deal that includes the expansion of the fishing zone as well as the transfer of medicines and other aid to Gaza.

Negotiations are to also take place on issues including Gaza’s severe electricity shortage and border crossings, the reports said.

In return, Hamas would calm protests along the border and halt maritime demonstrations aimed at breaking the blockade.

According to AFP, Hamas denied the reports and Israel did not immediately comment.

Australian-Lebanese Ordered Released in UAE Airliner Bomb Plot

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Australian-Lebanese Ordered Released in UAE Airliner Bomb Plot

Saturday, 11 May, 2019 – 10:45
Police walk outside the international terminal as they patrol Sydney Airport. AFP file photo
Asharq Al-Awsat
The lawyer of an Australian-Lebanese dual citizen on trial for an alleged plot to bring down an Emirati passenger plane said Saturday that her client has been ordered released on bail by a Lebanese military court.

Joceline Adib al-Rai, lawyer of Amer Khayat, said the court’s decision was delivered a day earlier. Prosecutors can appeal.

Khayat has rejected the charges.

Lebanese authorities have held Khayat in detention since 2017. They have accused him of planning to blow up an Etihad airline flight that was supposed to travel from Sydney to the United Arab Emirates.

Khaled and Mahmoud, two of Khayyat’s brothers, are on trial in Australia for plotting to blow up the plane with bombs hidden inside a Barbie doll and meat grinder.

Australian authorities say Amer Khayyat had no knowledge of his brothers’ plot.

Khaled’s sentence hearing has been set for July 26. The charges carry a maximum punishment of life in prison. The jury is still deliberating a verdict for Mahmoud.

Another brother was unaware that he was carrying a bomb, disguised as a meat mincer, in his luggage, as he tried to check in at the airport, Australian police have said.

Saudi Arabia Nominated For ICAO Membership

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Saudi Arabia Nominated for ICAO Membership

Friday, 3 May, 2019 – 10:00
Arab Civil Aviation Organization extraordinary general assembly in Rabat. Asharq Al-Awsat
Riyadh – Asharq Al-Awsat
The General Authority of Civil Aviation (GACA) of Saudi Arabia said on Thursday that the Kingdom is among Arab states nominated for membership of the International Civil Aviation Organization (ICAO).

The voting results of the extraordinary general assembly of the Arab Civil Aviation Organization in Rabat showed that Saudi Arabia remained on the list of states seeking ICAO’s membership, GACA said in a statement, a copy of which was obtained by Asharq Al-Awsat newspaper.

The Kingdom’s delegation in Rabat was chaired by Transport Minister Assistant Abdulhadi bin Ahmed al-Mansouri who delivered a speech expressing Saudi Arabia’s pride in its vital role in the air transport industry.

Mansouri noted that the voting results assert the Kingdom’s remarkable and influential position in the region and the world, saying the Saudi political and economic role has made it among the top 20 influential countries in the global economy.

The statement said that during the Rabat meeting, it was agreed that the Kingdom would be among the nominees for ICAO’s membership given its huge contribution to international civil aviation, and technical and financial support to ICAO in order to achieve the organization’s strategic goals.

The importance of Arab cooperation in air transport lies in joint action to unify procedures and keep ongoing communication to meet the highest safety standards for this vital sector that is a key driver for the economy in the region, read the statement.

Further, this sector plays a significant role in the economies of states and has a direct impact on progress that governments seek to achieve.

World Bank Warns Of Severe Shock Facing Palestinian Economy

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

World Bank Warns of Severe Shock Facing Palestinian Economy

Thursday, 18 April, 2019 – 09:15
Ramallah – Asharq Al-Awsat
The World Bank said that the Palestinian economy is now facing a severe shock in regard of public finances as a result of Israel’s approach over tax revenues, calling for an urgent resolution of the crisis before it deepens.

This came in a report that the World Bank has prepared on Wednesday and is due to be presented to the Ad Hoc Liaison Committee (AHLC) at its next meeting in Brussels on 30 April.

The report quoted Anna Bjerde, World Bank Acting Country Director for West Bank and Gaza and Director of Strategy and Operations for the Middle East and North Africa Region, as saying: “The economy, which in 2018 saw no real growth, is now facing a severe fiscal shock because of the standoff over clearance revenue transfers.”

Bjerde stressed that “Urgent resolution is needed to prevent further deterioration of economic activity and living standards. Clearance revenues are a major source of budgetary income and the ongoing standoff is felt by all segments of the population in what is already a weak economy.”

In February, Israel decided to deduct around $10 million a month from the revenues — the sum the PA paid families of prisoners or prisoners themselves serving time in Israeli jails — prompting the Palestinians to refuse any funds at all.

“Against a background of declining aid flows, the recent standoff stemmed from Israel’s unilateral deduction of US$138 million from the PA’s clearance revenues in 2019 to offset estimated payouts to Palestinian martyrs and prisoners’ families,” the report noted.

According to the World Bank, “the clearance revenues, collected by Israel and transferred to the PA monthly, amount to 65 per cent of the PA’s total revenues. In response, the PA rejected the diminished transfers and was forced to cut the wage bill by 30 per cent, reduce expenditures in social assistance, and borrow more from local banks. If not resolved, the standoff will increase the financing gap from US$400 million in 2018 to over US $1 billion in 2019.”

“The dual-use goods system in its current application limits economic diversification and sustainable growth in the Palestinian territories. A revamp of the application of the restrictions on dual-use goods is critically needed,” added Bjerde.

The report stressed that “The Palestinian economy has witnessed low growth rates that are not able to keep up with the growth in population, resulting in an increase in unemployment and deteriorating living conditions. The absence of growth in the past year is mainly attributed to the steep deterioration in Gaza, where more than half of the population is unemployed and economic activities contracted by 7 per cent in 2018—the deepest economic downturn Gaza has witnessed that is not a result of a conflict. However, growth in the West Bank has also slowed below its recent trends.”

ISIS Survival Hangs by a Thread, Desperate Fatwas

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

ISIS Survival Hangs by a Thread, Desperate Fatwas

Friday, 5 April, 2019 – 10:45
(Image from Arabic Website/ no caption)
Cairo – Waleed Abdurahman
Ailed by losing its final Syria stronghold, in the eastern town of Baghouz, ISIS is pinning high hopes on its outlandish and radical edicts, or fatwas, to prop up its comeback. A recently published Global Fatwa Index (GFI) document, prepared by Egypt’s Dar El-Ifta (an educational institute and a center for Islamic legal research), broke down the transformation ISIS literature and religious fatwas have undergone over the last few years.

Early fatwas issued by the group were violent in calling for “garnering support” enough to materialize a so-called Islamic caliphate. During its prime on the Syria-Iraq theater, ISIS guidance worked to uphold the status quo by encouraging members to plunder and violate international conventions on human rights.

With the caliphate going into decline, the group’s edicts started to tilt towards desperation, at times taking stock in labeling “patience” as virtuous and defeat as a “test of will.” It also focused on promising a martyr’s heaven to its scattered and discombobulated fighters.

The GFI report reaffirmed that the fatwas suggest the group’s ‘clinical death,’ especially that they are almost entirely focused on combating despair that is dousing its supporter base. ISIS has gone from missionizing and authorizing its recruits to plunder and enforce their radical ideology to asking them to donate and give up their lives in exchange for the caliphate’s rebirth.

At least 30% of recent edicts called for overthrowing Abu Bakr Al-Baghdadi, under whose leadership ISIS had fallen flat on its face. Another 25% urged for donations and 20% ordered persistence among “believers.”

But these are hardly as shocking as the 15% of total decrees recently issued and that absolve ISIS supporters from the responsibility to defend their comrades, especially those who are pursued by security agencies abroad.

ISIS expansionist and pro-jihad edicts represented a shy 5% of total laws dished out by the group’s leaders.

Among the key factors that led to lethally slashing ISIS influence and consequently defeating the group, according to the GFI, is the killing of 30% of its fighters in battle and the fierce anti-terror crackdown it faces worldwide.

International security services taking down 25% of ISIS’ social media accounts coupled with adherents losing faith in the group’s leaders, has also left ISIS in the face of a double whammy. The group’s rift with other terror groups and dried funding has also steered ISIS into a tight corner, making it easier to defeat.

Saudi Arabia Brings Back 1,127 Historic Relics Home

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Saudi Arabia Brings Back 1,127 Historic Relics Home

Thursday, 4 April, 2019 – 10:45
A diverse collection of historic metal coins (Arabic Website)
Riyadh – Asharq Al-Awsat
Saudi Arabia has succeeded in retrieving over 1,000 precious relics that date back to different times in the Kingdom’s history.

In a press statement, the Saudi Commission for Tourism and National Heritage (SCTH) confirmed retrieving 1,127 heritage artifacts from the United States in coordination with the Saudi Ministry of Foreign Affairs.

SCTH Director General of Archiving and Protecting Antiquities Naif Al-Qannour, for his part, confirmed that the commission, in cooperation with its partners, is relentlessly pouring efforts into the recovery of valuable national antiquities whether they are found inside or outside the kingdom.

Al-Qannour added that many of the objects had been voluntarily handed over to the Kingdom by relatives of US citizens who worked in Saudi Arabia during the 60s.

Split into two groups, the cited relics were retrieved over different phases—with 247 items being handed over by US citizen Mark Gold Smith and another 880 items by Carol Mussman.

Even though their historic worth is equally incalculable, the relics differed in the periods of history to which they belonged.

Abdul Aziz Al-Dayel, head of the retrieved relics department, said SCTH experts are tasked with sorting, photographing and documenting the historic objects before finally enlisting their entry to the commission’s national relics register.

The distinctive pieces will be showcased at the restored relics pavilion in the National Museum of Saudi Arabia in Riyadh, he added.

An SCTH awareness campaign has been set up to promote the importance of returning heritage artifacts and offer financial rewards to those who return items or report them lost or stolen.

Until this very day, more than 53,000 pieces have been recovered from inside and outside the Kingdom

Israel, Cyprus, Greek ‘Cooperate from Firefighting to Energy’

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Israel, Cyprus, Greek ‘Cooperate from Firefighting to Energy’

Friday, 22 March, 2019 – 09:30
Israeli PM Netanyahu sits with US Secretary of State Pompeo, Greek PM Tsipras and Cypriot President Anastasiades during their meeting in Jerusalem. (Reuters)
Tel Aviv – Nazir Magally
Israeli Prime Minister Benjamin Netanyahu described cooperation with Greece and Cyprus, under the supervision and encouragement of the US, as the best and strongest regional association in the world.

He made his comment following a summit he hosted in Jerusalem on Thursday with Cypriot President Nicos Anastasiades, Greek Prime Minister Alexis Tsipras and US Secretary of State Mike Pompeo.

“This is the sixth summit meeting between Israel, Cyprus and Greece. We began this a few years ago, and it’s blossomed into one of the best regional associations in the world,” said Netanyahu.

He added: “We cooperate in everything, from firefighting and now to energy.”

“We are planning to lay down a pipeline called the East-Med Pipeline, from Israel, through Cyprus, through Greece, to Europe, something that will benefit our economies greatly, provide stability for the region and prosperity to our peoples, but also we think would diversify the energy supplies to Europe,” said Netanyahu.

A source close to Israeli PM said that the summit unveiled a leap in military cooperation among the three countries, to the extent of establishing a joint supervision body in the Mediterranean Sea to protect gas wells.

Anastasiades affirmed Cyprus’ “commitment to promoting peace, stability, security and prosperity in the Eastern Mediterranean region.”

“Revisionist powers, like Iran and Russia and China, are all trying to take major footholds in the East and the West. We view the United States, Israel, Cyprus and Greece as great key partners in security and prosperity,” said Pompeo.

In 2015, Israel participated in wide-range military exercises in Greece, including a training against a Russian-supplied S-300 anti-missile system.

European countries signed with Israel in 2017 the joint declaration to enhance the work aimed at extending the sea line to transport Israeli gas to Europe within the next eight years.

The 2,000-kilometer underwater pipeline is intended to have a capacity of 12 billion cubic meters of gas annually. The project includes the construction of a 1,300 km long submarine pipeline from the East Mediterranean gas field to southern Greece, as well as a 600 km long pipeline to western Greece, linking existing pipelines to transport gas to Italy and other EU countries.

Algeria’s Streets See More Protests Against Bouteflika

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Algeria’s Streets See More Protests Against Bouteflika

Friday, 22 March, 2019 – 11:00
Algerians have demonstrated in their tens of thousands against Bouteflika’s bid for another term as president – Photo by AFP
Asharq Al-Awsat
Thousands of Algerians are demonstrating in the major cities calling for the resignation of, 82-year-old President Abdelaziz Bouteflika.

It’s the fifth straight Friday since nationwide anti-Bouteflika protests began Feb. 22 that Algerians have taken to the streets, the Associated Press (AP) reported.

Families joined professionals and students in the central squares of Algiers, the capital, holding signs reading “Get Out, Bouteflika” and “No Mandate Extension.”

“Rain will not stop us from continuing our pressure,” said 23-year old Ahmed Khoudja, who was among other protesters who gathered in the city under rain.

Bouteflika, who has ruled for 20 years, bowed to the protesters last week by reversing plans to stand for a fifth term, according to Reuters.

But he has stopped short of stepping down and said he would stay in office until a new constitution is adopted, effectively extending his present term.

Meanwhile, workers of Sonatrach, the national oil company whose executives are close to Bouteflika, held a symbolic sit-in Thursday in solidarity with the protests that span all sections of society including the country’s youth and doctors, according to AP.

Turkey: Pointless for France to Remain in Syria to Protect YPG

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

 

Turkey: Pointless for France to Remain in Syria to Protect YPG

Wednesday, 26 December, 2018 – 10:45
French President Emmanuel Macron. (AFP)
London – Asharq Al-Awsat
Turkey warned France that it is pointless to maintain its military presence in Syria to protect the Kurdish People’s Protection Units (YPG).

“If France is staying to contribute to Syria’s future, great, but if they are doing this to protect the (militia), this will bring no benefit to anyone,” Turkish Foreign Minister Mevlut Cavusoglu told reporters according to state news agency Anadolu.

Cavusoglu hit out at France’s “support” of the YPG, which he said was “no secret”, pointing to a meeting French President Emmanuel Macron had held on Friday with the Syrian Democratic Council, the political wing of the US-backed Kurdish Syrian Democratic Forces’ (SDF).

The YPG serves as the military backbone of the SDF.

Turkey views the YPG as terrorist organization affiliated to the outlawed Kurdistan Workers’ Party (PKK). The PKK is blacklisted as a terror group by Ankara, the US and the European Union.

France is part of the international anti-terrorism coalition led by the US in Syria and Iraq. It dispatched military pilots and artillery soldiers to carry out bombings. Several sources also reported the deployment of French special forces in Syrian territory, but Paris has not confirmed this information.

Last week, US President Donald Trump ordered the withdrawal of 2,000 US ground forces that had been in Syria to provide training to the YPG under the SDF.

The shock move put allies on the backfoot, with Macron on Sunday saying: “An ally must be reliable”.

On Sunday, Macron avoided commenting on the demands made by two representatives of the “Syrian Democratic Council” after Trump’s decision to withdraw US troops from Syria.

He summed up by the situation by announcing Paris “regrets” the US decision, given that the mission to terminate ISIS was not over yet, adding that the SDF should not be abandoned and allies should not be “left in the middle of the road.”

France confirmed it will remain in the alliance despite the US withdrawal.

Turkish President Recep Tayyip Erdogan has said Ankara will intervene in the coming months against ISIS and the YPG.