RIYADH: Newly signed deals between Saudi Arabia and Malaysia will give new impetus to bilateral relations, according to economic experts and academics.
On Monday, four deals were signed covering trade and investment, labor and human resources, science and education, and media. King Salman and Malaysian Prime Minister Najib Razak attended the signing ceremonies.
Dr. Salim Ajajah, an academic at Taif University, said the Kingdom maintains solid relations with Malaysia in particular, and other East Asian countries in general. He said the king’s tour of five Asian countries will have a positive impact on the Saudi economy, notably in the areas of technological localization, diversification of investments, and trade.
Economic expert Fadl Albo Ainain said the king’s visit to Malaysia has two dimensions: Boosting Islamic ties with Asian countries, and economic and trade aspects, which will have a great impact on Saudi investments.
Academic Dr. Mohammed Al-Subaihi said Saudi-Malaysian relations have been based on mutual respect since the establishment of diplomatic ties in the early 1960s.
Ali Al-Quraishi, a legal adviser and international arbitrator, said current regional developments have created fruitful political cooperation between the two countries.
Cooperation has developed into a strategic partnership, whereby Malaysia joined the Saudi-led Operation Decisive Storm to liberate Yemen from Houthi terrorism, he added.
Malaysia’s participation in the Northern Thunder joint military exercise with Arab and Islamic countries, held in Saudi Arabia in March 2016, provides substantial evidence of Saudi-Malaysian solidarity and cohesion, he said.
Chairman of the Council of Saudi Chambers (CSC), Dr. Hamdan Al-Samrin, said the Saudi business sector is optimistically following the king’s Asian tour, which is in line with Vision 2030’s objectives to solicit foreign investments, diversify the economy and promote business partnerships.
Secretary General of the Organization of Islamic Cooperation (OIC), Dr. Yusuf Al-Othaimin, said the king’s Asian tour embodies joint Islamic action, and boosts the OIC’s efforts to enhance political and business cooperation between member countries.
RIYADH: Newly signed deals between Saudi Arabia and Malaysia will give new impetus to bilateral relations, according to economic experts and academics.
RIYADH: Yemeni President Abed Rabbo Mansour Hadi arrived in Riyadh Monday evening to enhance coordination of efforts to defeat Yemeni rebels and carry out reconstruction in liberated areas.
Yemeni Tourism Minister Mohamed A. Qubaty told Arab News on Tuesday that the visit concerns “coordination of our efforts to defeat the rebels completely.”
He added: “There are other key matters regarding rebuilding the country, reconstruction and development work. Those are the main topics to be discussed during the visit in Riyadh with our brothers in Saudi Arabia, the UAE and our Arab allies in general.”
Qubaty said more than 80 percent of Yemen is in the hands of the internationally recognized government. “We need to wage war against terrorists, Al-Qaeda and Daesh so people can see a bright future,” he added.
Hadi last week said Saudi Arabia has allocated $10 billion in aid “for the reconstruction of liberated provinces, including $2 billion as a deposit in the central bank to shore up the (Yemeni) riyal.” Hadi has called on his government to focus on power, water, roads, health and education in liberated areas.
Pro-government forces backed by the Saudi-led Arab coalition have taken back five southern provinces from Iran-backed rebels, who still control the capital and much of northern Yemen.
MADINAH: Lt. Gen. Khaled bin Qarar Al-Harbi, commander of the Special Emergency Forces, inspected the Mohammed bin Naif Center for Special Operations and Developed Applications.
The center is hosting the second tactical joint exercise “Homeland 87,” with the participation of various security sectors of the Interior Ministry. Al-Harbi was briefed on the progress of the training operations and virtual exercises.
The commander of the tactical exercise, Maj. Gen. Mohammed bin Obaid Al-Osaimi, explained what has been achieved to ensure the success and safety of the training exercise.
The assistant commander, Col. Omar bin Ibrahim Al-Odwan, reviewed with Al-Harbi the overall exercises that are being applied in parallel with data provided by all forces taking part.
He also met with the leader of the command-and-control center, and listened to an explanation of all elements involved in the exercise.
Col. Mohsin bin Yahya Al-Shahrani, director of the media center of “Homeland 87,” said Al-Harbi met with leaders of the exercise.
He added that Vice Custodian of the Two Holy Mosques Prince Mohammed bin Naif is being briefed on efforts aimed at “improving the security level, in accordance with the vision of King Salman, to achieve the security of the homeland, citizens and residents, and maintain the security of pilgrims and visitors of the Two Holy Mosques as well.”
JEDDAH: Saudi Arabian Airlines (Saudia) forced a Kuwaiti company to issue a formal apology in three Kuwaiti newspapers after the company, which specializes in Internet services, falsely announced that Saudia organizes flights from Riyadh to Tel Aviv.
The Kuwaiti company said in the apology statement, which was published in Al-Qabas, Al-Watan and Al-Rai, that it officially apologizes for the false news posted on its website, which was then copied to the social networking site Twitter.
The company said it acknowledges publishing the false news, which was “contrary to the truth,” by claiming that Saudia organizes flights between Riyadh and Tel Aviv.
Mansour Al-Bader, media and public relations director at Saudia, said the management at the Saudi carrier noticed that a tourism and travel office in Kuwait recently published a news item on its website confirming reservations on Saudia flights from Riyadh to Tel Aviv.
“We immediately contacted the office … and we requested correcting the false information. We did not receive any response in this regard,” said the spokesman.
He added: “Saudia management directed the legal affairs department to follow up on the case, which, in turn, filed a lawsuit against the company in Kuwait.”
The owner of the company then contacted Saudia and expressed deep apologies, and sent a formal letter of apology, and offered to do whatever it takes in exchange for dropping the lawsuit against his company.
Al-Bader said that Saudia demanded publishing an official apology, an official apology statement by the company in three major newspapers in Kuwait, in the size of quarter page on the front page of each paper.
The owner of the company responded to this request and published the official apology statement to end the lawsuit amicably.
JEDDAH: The Specialized Criminal Court delivered a preliminary sentence of 27 years in prison for a Saudi found guilty of corruption and security breach by joining a terrorist gang, and involvement in attacks on security headquarters and police patrols.
The accusations included colluding with another criminal, and storing and sending items to undermine public order via the social networking app WhatsApp. He also used the app to spread time schedules and locations of gatherings among two groups to promote riots in Awamiyya.
He was found guilty of participating in riots in Qatif Governorate, and of statements against the leaderships of the Kingdom and another Gulf state. He was also accused of carrying photographs of people arrested in security cases. The Saudi was also charged with using slogans that promote sectarian strife and division, and harboring participants in these crimes.
The court sentenced him to prison for 27 years from the date he was arrested. Three years of this sentence are based on Article 6 of the Anti-Cybercrime Law, and 12 years are based on Article 15 of the Explosives and Bomb Disposal Law. After he completes his sentence, he is banned from leaving the country for 27 years.
RIYADH: Forty Saudi businessmen on Monday attended an Exposition Mondiale de la Machine Outil (EMO) metalworking technology presentation, organized at a hotel in Riyadh by the German Saudi Arabian Liaison Office for Economic Affairs (GESALO).
Jochen Koeckler, EMO partner and board member of fair operator Deutsche Messe, invited the participants to attend the Hannover Trade Fair in September.
He said the event has proven itself an efficient international contact and business platform for the metalworking industry. EMO is the world’s leading trade fair for metalworking technology.
“We are proud to be the representative of EMO in Saudi Arabia,” said Oliver Oehms, GESALO secretary general for Saudi Arabia, Bahrain and Yemen.
“This trade fair offers vast opportunities for Saudi experts to learn about the latest trends and technologies in the metalworking industry. GESALO welcomes Saudi businessmen to attend EMO and organize an exclusive program.”
He said EMO benefits Vision 2030, which paves the way for prosperous development of the Kingdom.
“Saudi Arabia can benefit by attending EMO in Hanover, Germany. Both countries share a long trade history, and bilateral trade volume was around SR44 billion ($11.7 billion) in 2015,” Oehms added.
He said the products and technologies presented at EMO provide a great chance to modernize the Saudi industry sector and strengthen Saudi-German trade relations.
“Therefore, GESALO is offering to organize an exclusive program and make a delegation visit a unique experience,” he added.
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. The collapse of oil prices forced the majors to slash spending on exploration, cut employees, defer projects, and look for efficiencies. That allowed them to successfully lower their breakeven price…
The manufacturing sector in Australia continued to expand in February, and at a sharply faster pace, the latest survey from the Australian Industry Group showed on Wednesday with a Performance of Manufacturing Index score of 59.3.
That marks a large …
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Earlier this month, on Superbowl Sunday, in fact, Uber CEO Travis Kalanick hopped into an Uber Black Car with two female companions for what he thought would be just another easy trip to the destination of his choice. Unfortunately, this particular ride got a little more complicated than he had hoped when his driver, 37-year-old Fawzi Kamel, decided to confront him on Uber’s falling fares, which he alleged had cost him a total of $97,000 and forced him into bankruptcy. After the ride, Kamel rated Kalanick at 1-star and submitted his recorded conversation with the confrontational CEO to Bloomberg.
The first 3 minutes and 50 seconds of the video is nothing more than a series of awkward exchanges between Kalanick and his special lady friends along with a series of random body gyrations to the tune of Maroon 5’s “Don’t Wanna Know”.
That said, things start to heat up when one of the young ladies implies that Uber is having a rough year financially (she must be a reader). Of course, Kalanick responds by implying that burning hundreds of millions of dollars annually is all part of his master plan:
“I make sure every year is a hard year. That’s kind of how I roll. I make sure every year is a hard year. If it’s easy I’m not pushing hard enough.”
But things really get interesting when Kalanick’s driver decides to confront him on falling Uber fares:
Kamel: “You’re raising the standards, and you’re dropping the prices.”
Kalanick: “We’re not dropping the prices on black.”
Kamel: “But in general the whole price is—”
Kalanick: “We have to; we have competitors; otherwise, we’d go out of business.”
Kamel: “Competitors? Man, you had the business model in your hands. You could have the prices you want, but you choose to buy everybody a ride.”
Kalanick: “No, no no. You misunderstand me. We started high-end. We didn’t go low-end because we wanted to. We went low-end because we had to because we’d be out of business.”
Kamel: “What? Lyft? It’s a piece of cake right there.”
Kalanick: “It seems like a piece of cake because I’ve beaten them. But if I didn’t do the things I did, we would have been beaten, I promise.”
Kamel: “But people are not trusting you anymore. … I lost $97,000 because of you. I’m bankrupt because of you. Yes, yes, yes. You keep changing every day. You keep changing every day.”
Kalanick: “Hold on a second, what have I changed about Black? What have I changed?”
Kamel: “You changed the whole business. You dropped the prices.”
Kalanick: “Bullshit. Some people don’t like to take responsibility for their own shit. They blame everything in their life on somebody else. Good luck!”
We must admit that we’re somewhat perplexed by Kamel’s argument as Uber fares, now and in the future, are clearly headed in precisely one direction, irrespective of who’s sitting in the CEO’s chair, and that is, well, down…but it makes for good entertainment anyway.
Fast forward to the 3:50 mark for the fireworks:
As Bloomberg points out, this incident just adds to what has already been a relatively rough couple of months for Uber which has included everything from patent infringement lawsuits to sexual harassment charges to Kalanick being forced to resign from Trump’s business advisory council.
In December, Uber pulled its self-driving cars off the road in San Francisco after the California Department of Motor Vehicles said they were operating illegally without an autonomous vehicle license. In January, more than 200,000 people uninstalled their accounts, and #DeleteUber trended on Twitter, after the company was accused of undermining a New York taxi union strike protesting President Donald Trump’s refugee ban. On Feb. 2, Kalanick reluctantly left his spot on Trump’s business advisory council to appease the company’s liberal-leaning employees and users—not to mention its many immigrant drivers. On Feb. 19, a former software engineer at Uber wrote a blog post alleging that she had been propositioned for sex by her manager and that when she’d taken the issue to human resources, an HR rep had said that he wouldn’t be punished, in part, because he was a “high performer.” On Feb. 23, Alphabet’s autonomous car company Waymo sued Uber and its self-driving car company Otto, accusing an Uber employee of stealing trade secrets by downloading 14,000 files onto an external hard drive. On Monday, Uber’s head of engineering resigned after the company said it learned that he had faced a sexual harassment complaint at Alphabet, his former employer. He denied the allegations.
So where should we set the over/under on Kalanick’s remaining tenure with Uber?
Australia Performance Of Manufacturing Index 59.3 In February – AiG
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