Attack on Al-Ahsa mosque leaves several dead

Updated 01 February 2016
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Attack on Al-Ahsa mosque leaves several dead

JEDDAH: An attack on a mosque in Al-Ahsa on Friday has left four worshipers dead and 18 others injured and a terrorist in police custody, the Interior Ministry said.
The ministry confirmed that two men carried out the attack on Al-Ridha Mosque in Mahasin district.
Security men spotted the attackers as they drove up to the mosque during the Friday congregational prayer. In the process of stopping the attackers from entering the mosque, one detonated his suicide belt and another was captured.
In the attack’s chaotic aftermath, police fired weapons into the air to drive away an angry mob that surrounded a police car holding the suspected attacker, according to a video shot from the scene.
A witness said security forces and ambulances quickly surrounded the mosque.
No one has yet claimed responsibility for the attack, but Daesh has previously carried out similar attacks in the Kingdom. Police have launched an investigation.
The attack was roundly condemned with senior scholars praising the diligent work of the security officials in helping to avert a bigger disaster. In a statement, the scholars said the attacks showed the keenness of citizens in “preserving consensus and unity under the leadership of the Custodian of the Two Holy Mosques King Salman.”
Bahrain’s Foreign Ministry said in a statement that such acts “will never succeed in undermining the Kingdom of Saudi Arabia’s security or igniting sedition or dispute among the Saudi people.”
Jordan’s government spokesman Mohammed Al-Momani said the attack on worshippers “reiterates once again that terrorism is blind and it that no one is excluded from its evils.”
Al-Ahsa is in the Eastern Province of Saudi Arabia, which last year saw two major mosque attacks.
Last May, a suicide bomber blew himself up during Friday prayers at a mosque in the village of Al-Qadeeh in eastern Saudi Arabia, killing 21 and wounding 100 others.
Days later, Khaled Al-Wahbi Al-Shemari, who was dressed as a woman, detonated the explosive belt he was wearing when challenged by security volunteers at the entrance of Al-Anoud Mosque in Dammam. The blast caused panic and chaos as worshippers rushed to get out of the building and several cars were set alight in the parking lot by the force of the explosion. Daesh claimed responsibility for both attacks.
The Interior Ministry said soon after they had detained 45 suspects in connection with the mosque attacks.


SoftBank to launch Vision Fund 2 mega-venture

Updated 58 min ago
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SoftBank to launch Vision Fund 2 mega-venture

  • Vision Fund 2 will aim to pull in existing investors such as the Public Investment Fund in Saudi Arabia and Mubadala in the UAE
  • Vision Fund 2 is expected to at least equal the original fund’s $97 billion fund, and could reach $150 billion

LONDON: The global mega-investor SoftBank Vision Fund is preparing to launch another giant investment venture.
Vision Fund 2 will aim to pull in existing investors such as the Public Investment Fund in Saudi Arabia and Mubadala in the UAE, the biggest investors in the original fund along with SoftBank, the Japanese group run by Masayoshi Son.
Sources told Arab News that Vision Fund 2 is expected to at least equal the original fund’s $97 billion fund, and could reach $150 billion — which would make it the largest private investment fund in history.
A team from SoftBank Investment Advisers led by its chief executive Rajeev Misra and Masayoshi Son have been in preliminary discussions with potential investors for several months.
They have been talking to sovereign wealth funds in the Middle East and elsewhere, as well as big global corporates, some of which were also investors in the first fund.

*** Read our full interview with CEO Rajeev Misra here: SoftBank Vision Fund stands shoulder to shoulder with Saudi Arabia — CEO Rajeev Misra ***
Investment is also expected from global banks, insurance companies and pension funds, and SoftBank is expected to put up about $40 billion.
The first phase of the launch is due to end “in the next few months,” with a final close around 12 months later.
The original fund plans to return profits to existing investors over the next few months, including big partners such as PIF, Mubadala and SoftBank. If they see healthy returns they may be more likely to invest heavily in the new fund.
The interests of Saudi Arabia and the Vision Fund align as the Kingdom diversifies away from reliance on oil, Misra told Arab News. “Our commitment is to support the creation of tens of thousands of jobs in Saudi Arabia, high-tech jobs not blue collar, over the next few years,” he said.