Muslims perform Tahajjud prayers during Ramadan

Muslims perform Tahajjud prayers during Ramadan
Short Url
Updated 05 May 2021

Muslims perform Tahajjud prayers during Ramadan

Muslims perform Tahajjud prayers during Ramadan

DUBAI: Footage of Muslims performing Tahajjud prayers during the Laylat Al-Qadr (Night of Destiny) at the Naif Mosque in Dubai. The event marks the night in which the holy Qur’an was first revealed to the Prophet Muhammad.

Worshippers around the world are observing the Muslim holy fasting month of Ramadan.


Zaghari-Ratcliffe’s husband calls for new British foreign secretary to prioritize wife’s return from Iran

Zaghari-Ratcliffe’s husband calls for new British foreign secretary to prioritize wife’s return from Iran
Updated 5 min 33 sec ago

Zaghari-Ratcliffe’s husband calls for new British foreign secretary to prioritize wife’s return from Iran

Zaghari-Ratcliffe’s husband calls for new British foreign secretary to prioritize wife’s return from Iran
  • Ratcliffe said he would be speaking to the new British Foreign Secretary Liz Truss on Sunday
  • Zaghari-Ratcliffe has been in custody in Iran since 2016 after being accused of plotting to overthrow the government

LONDON: The husband of a British-Iranian woman detained in Iran has called on the new British foreign secretary to ensure his wife’s return is a “top priority.”
Richard Ratcliffe told the BBC’s The Andrew Marr Show that he has given the names of 10 people he accuses of being involved with “hostage-taking” in Iran to Liz Truss ahead of a phone call with her on Sunday. 
“We’ve put in front of the new foreign secretary a file of names, those who are involved in Iran’s hostage-taking across the chain, so those involved in taking people, processing them, giving them judges, those who are involved in treating them badly in prison,” Ratcliffe said. 
“I’ve got a phone call with the foreign secretary today, to be speaking to her two days into the job is a positive sign for sure.
“Partly I just want to hear that this is a top priority and that Nazanin and the others who are being held as bargaining chips will be brought home,” he added.
Nazanin Zaghari-Ratcliffe has been in custody in Iran since 2016 after being accused of plotting to overthrow the government.
Iranian media has linked her detention to the UK’s failure to pay an outstanding £400 million debt to Iran.
“This coming week she (Liz Truss) should be meeting with the new Iranian foreign minister in New York when they’re over for the UN event, so hopefully there will be a positive conversation,” Ratcliffe said.
“Right now I think enough needs to be enough, and it needs to be signaled really clearly to Iran that you can’t use innocent people in this way.
“I’d really like them to be firm, to be brave and make some clear steps,” he added.
Ratcliffe has been campaigning tirelessly to have his wife released from prison and urged former foreign secretary Dominic Raab to take a firmer stand against Iran over the issue.
“One of the key problems I feel these past years is there’s been no cost for the Iranian side to carry on holding Nazanin, to carry on holding others, and so we’ve seen that now there are more British citizens in prison than there were when Nazanin was first taken,” he said.


TankerTrackers says third tanker carrying fuel to Lebanon underway

TankerTrackers says third tanker carrying fuel to Lebanon underway
Updated 19 September 2021

TankerTrackers says third tanker carrying fuel to Lebanon underway

TankerTrackers says third tanker carrying fuel to Lebanon underway
  • The first tanker ship carried the fuel to Syria and from there it was taken into Lebanon on tanker trucks on Thursday
  • Mikati said on Friday the Iranian fuel shipments constitute a breach of Lebanon’s sovereignty

DUBAI: A third tanker has sailed from Iran carrying Iranian fuel for distribution in Lebanon, TankerTrackers.com reported on Twitter on Sunday.
Lebanese Prime Minister Najib Mikati said on Friday the Iranian fuel shipments, imported by the Hezbollah movement, constitute a breach of Lebanon’s sovereignty.
The Iran-aligned group says the shipments should ease a crippling energy crisis in Lebanon.
The first tanker ship carried the fuel to Syria and from there it was taken into Lebanon on tanker trucks on Thursday.
Both Syria and Iran are under US sanctions.


Saudi holdings of US treasury bills rose for 2nd month in a row

Saudi holdings of US treasury bills rose for 2nd month in a row
Updated 19 September 2021

Saudi holdings of US treasury bills rose for 2nd month in a row

Saudi holdings of US treasury bills rose for 2nd month in a row
  • The Kingdom is the 16th largest holder of US debt

RIYADH: Saudi Arabia’s holding of US Treasury securities increased for the second consecutive month in July, reaching $128.1 billion, according to new data from the US government.

The holdings increased by 0.2 percent from June, and 2.8 percent from July last year. However, the Saudi holdings in July is down by 5.2 percent from the beginning of the year when it was $135.1 billion, the data showed.

This increase in June and July is in line with global trends, as countries around the world increased their holdings by 5.7 percent in the two months leading up to July.

However, analysis showed that Saudi holdings are still down from their peak of $184.4 billion in February 2020. As the global pandemic took hold in March last year, the Saudi government decreased its holding, as the Kingdom’s reserves were hit by the collapse in oil prices.

In July last year, Saudi Arabia began to boost its holdings once again, peaking in November and then continuing to decline by low single percentages till May 2021.

The Kingdom is the 16th largest holder of US debt. Japan remains No.1 with $1310.2 billion in US bonds, followed by China ($1068.3 billion), the UK ($539.5 billion), Ireland ($319.7 billion) and Switzerland ($298.3 billion).

The UAE holds $58 billion, an increase of nearly 100 percent year-on-year. Kuwait holds $46.4 billion, down by 3.1 percent year-on-year.


Saudi Arabia’s Algosaibi family plans recovery after $7.5bn debt deal

Saudi Arabia’s Algosaibi family plans recovery after $7.5bn debt deal
Updated 19 September 2021

Saudi Arabia’s Algosaibi family plans recovery after $7.5bn debt deal

Saudi Arabia’s Algosaibi family plans recovery after $7.5bn debt deal
  • It comes after successful negotiations over its $7.5 billion in debt since 2009 – a case many experts saw as a test for Saudi Arabia’s new bankruptcy law

DUBAI: The Algosaibi family is looking to restore some of its businesses after its landmark deal with creditors last week, Bloomberg has reported, citing the conglomerate’s chief restructuring officer, Simon Charlton.

In an interview, Charlton said the company was looking “where it would make the most sense and at what sort of level to return to the market.”

It comes after successful negotiations over its $7.5 billion in debt since 2009 – a case many experts saw as a test for Saudi Arabia’s new bankruptcy law.

Under the deal, Ahmah Hamad Algosabi & Brothers Co (AHAB) will repay its creditors 26 percent of their claim values through a mixture of cash, shares, and Saudi real estate.

“Our hope is that as the company emerges from this and gets access to credit and is back into the credit markets and will be able to raise working capital finance, we’ll be able to rebuild those businesses,” Charlton said.

AHAB will retain most of its operating manufacturing businesses, he added, including logistics, hospitality, and retail.


Famed opera star Andrea Bocelli among line-up slated for Expo 2020 opening ceremony

Famed opera star Andrea Bocelli is among the line-up slated for Expo 2020 opening ceremony. (AFP)
Famed opera star Andrea Bocelli is among the line-up slated for Expo 2020 opening ceremony. (AFP)
Updated 19 September 2021

Famed opera star Andrea Bocelli among line-up slated for Expo 2020 opening ceremony

Famed opera star Andrea Bocelli is among the line-up slated for Expo 2020 opening ceremony. (AFP)

DUBAI: A stellar lineup of regional talent is set to perform at Expo 2020’s Opening Ceremony on Sept. 30, organizers have announced.

Among those slated to perform are world-famous tenor Andrea Bocelli; Grammy-nominated, Golden Globe-winning actress, singer and songwriter Andra Day; platinum selling British singer-songwriter Ellie Goulding; famed pianist Lang Lang; and four-time Grammy winner Angelique Kidjo.

From the region, Saudi singing sensation Mohamed Abdo, as well as Emirati stars Ahlam Alshamsi and Hussain Al-Jassmi, will perform. Grammy-nominated Lebanese-American singer Mayssa Karaa will also hit the stage, among other talents. 

Tareq Ghosheh, Chief Event and Entertainment Officer of Expo 2020 Dubai, said: “As the global spotlight shines on the UAE, this incredible, unforgettable evening will celebrate the collaborative, creative and optimistic spirit of Expo 2020, demonstrating our commitment to hosting a mega-event that will delight the world.

“Combining some of the most sought-after names in the world of music, live events and entertainment with the awe-inspiring, world-first technologies of the iconic Al Wasl Plaza, this is the ‘big bang’ that sets the scene for 182 days of visually striking and emotionally inspiring experiences, as we invite visitors from across the planet to join the making of a new world.”