Tag Archives: Gulf

Two senior Gulf commanders killed in Yemen – media

DUBAI Two senior army commanders from Saudi Arabia and the United Arab Emirates were killed along with two Saudi soldiers in Yemen as fighting with a Houthi militia flared prior to Tuesday’s expected peace talks, state media reported on Monday.

Sultan Mohammed Ali al-Kitbi, an Emirati officer, was killed near Taiz, state news agency WAM reported on Monday. Photographs of Abdullah al-Sahian, a best Saudi officer, had been displayed by Saudi-owned al-Arabiya al-Hadath channel on Monday alongside Muslim verses of mourning.

The Houthi militia stated through its personal media outlet that the two had been killed in a rocket attack on the Red Sea coast. The militia, alongside forces loyal to former president Ali Abdullah Saleh, has been battling fighters backed by Gulf states.

The Houthis and Saleh’s former political celebration, the Basic People’s Congress, are sending representatives to Switzerland on Tuesday for talks with Yemen’s internationally recognized government under President Abd-Rabbu Mansour Hadi.

A seven-day renewable ceasefire is scheduled to come into effect on Monday to coincide with the talks. Two preceding attempts at ceasefires, in May and July, were followed by accusations of breaches by each sides.

Saudi Arabia led an Arab coalition in a military campaign from late March to quit the Houthis, allies of Riyadh’s principal regional foe Iran, from taking total manage of Yemen right after they had sophisticated south final year, seizing the capital Sanaa.

The campaign has succeeded in retaking the southern port of Aden and the northeastern city of Marib but has failed to oust the Houthis from Taiz or end attacks on the Saudi border that have killed scores of the kingdom’s soldiers.

Beyond the primary theater of conflict, al Qaeda in the Arabian Peninsula has seized handle of considerably of the province of Hadramawt and Gulf-backed forces have failed to avoid attacks in locations they handle by Yemen’s wing of Islamic State.

Western nations that back Saudi Arabia say they are increasingly alarmed at the humanitarian expense of the war, in which more than five,000 folks have been killed, including far more than 2,000 civilians. It has also pushed Yemen to the brink of famine.

(Reporting by Mohammed Ghobari Writing by Angus McDowall Editing by Paul Tait)

Agen Sabung Ayam

Gulf states get in touch with for Yemen reconstruction meeting right after peace deal

RIYADH Gulf Arab states called on Thursday for an international reconstruction conference for Yemen following any peace deal to finish the country’s civil war.

The get in touch with came in a statement by Gulf Cooperation Council leaders at the conclusion of their summit meeting in the Saudi capital Riyadh, which was study out by GCC Secretary-Common Abdullatif bin Rashid Al Zayani.

Yemeni warring parties are due to gather in Switzerland next week for U.N.-sponsored peace talks to finish a civil war that had killed nearly 6,000 people.

(Reporting by Sami Aboudi Editing by Dominic Evans)

Agen Sabung Ayam

MIDEAST STOCKS-Oil’s tumble might dampen Gulf Egypt may possibly test resistance

DUBAI Dec 3 A fresh tumble of oil rates overnight looks probably to dampen Gulf stock markets on Thursday, even though Egypt may continue testing technical resistance.

Brent oil, hit by expectations that OPEC will preserve its output ceiling unchanged at this week’s meeting, sank far more than four % to under $ 43 a barrel overnight – to just above a six-year low.

Also, hawkish comments by U.S. Federal Reserve Chair Janet Yellen reinforced the case for a U.S. interest rate hike later this month.

The markets had already been expecting a rate hike, but it could be damaging for the Gulf by slightly increasing pressure for capital outflows and top eventually to tighter monetary policy in the area.

Saudi Arabia’s index, which last closed at 7,347 points, is technically brief-term bullish and has been in an uptrend given that mid-November, but the threat of oil hitting fresh lows could hurt sentiment at least temporarily. The index has technical help at its mid-November high of 7,161 points.

In Egypt, the index, which jumped 3.5 percent on Wednesday to 6,650 points, is set to test minor chart resistance on the late November peak of six,642 points. Any clean break would trigger a double bottom formed by the November lows and pointing up to just beneath 7,000 points.

Egypt’s central bank plans to inject dollar liquidity into the market this month and plans an exceptional foreign exchange auction, the Egyptian presidency said late on Wednesday, the latest move to end a lengthy-running currency crisis.

Authorities’ new energy in tackling the crisis is welcome to the industry, but it remains unclear exactly where Egypt will acquire the difficult currency to improve dollar supplies, and a lot of economists consider a devaluation at some point remains inevitable. So foreign investors could stay cautious.

Speculation might continue more than the fate of Global Telecom , which surged its ten % limit to 1.87 Egyptian pounds on Wednesday in its heaviest trading in five weeks.

In a brief statement, it mentioned a newspaper, which it did not name, had published a story on rumours that European firm Vimpelcom had offered to buy out Global at a price of two.30 pounds per share. Vimpelcom currently owns about 52 % of International, according to the most current data.

The business does not respond to rumours and confirms that the business does not have any material events unannounced,” Global mentioned with no elaborating. Contacted by Reuters in Amsterdam, Vimpelcom stated: “As a matter of policy, we do not comment on market rumours and speculation.”

Final Thursday, Vimpelcom mentioned it and Worldwide would combine their organization in Pakistan with Warid Telecom, which may have prompted speculation about further consolidation. (Added reporting by Anthony Deutsch in Amsterdam Reporting by Andrew Torchia)