Snap launches Saudi-focused film ‘Telgana Ala Snap’

Snap launches Saudi-focused film ‘Telgana Ala Snap’
Snapchat enjoys significant popularity in Saudi Arabia, with users opening the app more than 50 times per day on average. (Supplied)
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Updated 16 May 2024
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Snap launches Saudi-focused film ‘Telgana Ala Snap’

Snap launches Saudi-focused film ‘Telgana Ala Snap’

DUBAI: Snap has launched a new campaign film, “Telgana Ala Snap,” focused on the Saudi and Gulf market.

The film, which translates to “Find Us on Snap,” showcases how audiences in the Kingdom use Snapchat; from a brother imitating his father through the old age lens, to a teenager tucked in bed watching Snap star Naif Hamdan.

 

 

Snapchat enjoys significant popularity in Saudi Arabia, with users opening the app more than 50 times per day on average. Snapchat users are also twice as likely to use the app to express who they really are compared to users of other social media platforms, the company said.

With a monthly addressable reach of more than 22 million people, Snapchat is reaching more than 90 percent of 13- to 34-year-olds in the Kingdom.

Abdulla Alhammadi, regional business lead for Saudi Arabia at Snap Inc., said: “With the Kingdom experiencing rapid transformational societal and cultural change, the simple need to stay connected with family and friends is more important now than ever, and Snapchat provides a place to do just that.”

At a time when people feel pressured to “broadcast an edited version of themselves, we provide a safe and private alternative” and the “new film echoes this” sentiment, he added.


Closing Bell: Saudi main index slips to close at 11,886

Closing Bell: Saudi main index slips to close at 11,886
Updated 3 min 59 sec ago
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Closing Bell: Saudi main index slips to close at 11,886

Closing Bell: Saudi main index slips to close at 11,886
  • Parallel market Nomu gained 438.38 points, or 1.66%, to close at 26,818.29
  • MSCI Tadawul Index lost 0.45 points, or 0.03%, to close at 1,494.90

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Thursday, losing 15.71 points, or 0.13 percent, to close at 11,886.06. 

The total trading turnover of the benchmark index was SR4.37 billion ($1.16 billion), as 59 of the stocks advanced and 161 retreated. 

The Kingdom’s parallel market Nomu gained 438.38 points, or 1.66 percent, to close at 26,818.29. This comes as 33 of the listed stocks advanced, while 38 retreated. 

The MSCI Tadawul Index lost 0.45 points, or 0.03 percent, to close at 1,494.90. 

The best-performing stock of the day was Rasan Information Technology Co., whose share price surged 10 percent to SR68.20. 

Other top gainers were Arabian Mills for Food Products Co. and Al Taiseer Group Talco Industrial Co., whose share prices surged 2.95 percent and 2.38 percent to SR59.30 and SR56.00, respectively. 

The worst performer was Al-Baha Investment and Development Co. for Industry., whose share price dropped by 6.67 percent to SR0.28. 

Other notable underperformers included Umm Al-Qura Cement Co. and Fawaz Abdulaziz Alhokair Co., with share prices falling 3.78 percent to SR16.30 and 3.31 percent to SR12.86, respectively. 

On the announcements front, Rasan Information Technology Co. released its interim financial results for the period ending Sept. 30. 

According to a statement from Tadawul, the firm recorded a net profit of SR54.93 million in the first nine months of the year, reflecting a 52.6 percent increase compared to the same period in 2023. 

The growth is primarily attributed to a 32.5 percent rise in gross profit year on year, with a profit margin of 60.2 percent compared to 58.7 percent during the same period last year, driven by enhanced operational efficiency and reduced sales costs. 

The increase is linked to a 47.5 percent growth in operating profits compared to the previous year, along with a 40.6 percent rise in earnings before interest, taxes, depreciation, and amortization, achieving a margin of 28.2 percent versus 25.9 percent during the first nine months of 2023. 

Yanbu Cement Co. released its interim condensed consolidated financial results for the period ending Sept. 30. A bourse filing revealed that the firm recorded a net profit of SR129.17 million in the first nine months of the year, reflecting a 26.8 percent increase compared to the same period in 2023. 

The growth is primarily attributed to rising local sales revenues and other income, despite higher administrative, selling, financing, and Zakat expenses. 

In market activity, Yanbu Cement Co. closed the session at SR23.00, down 0.78 percent. 

The Capital Market Authority announced its approval of SAB INVEST’s request to offer units of the “SAB Invest Hang Seng Hong Kong ETF” on the Saudi Stock Exchange as an Exchange Traded Fund. 


Spain busts network smuggling Syrians, Algerians to EU

Updated 5 min 38 sec ago
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Spain busts network smuggling Syrians, Algerians to EU

Spain busts network smuggling Syrians, Algerians to EU
Migrants paid the smuggling ring up to $10,800 each for trips on small boats
The authorities arrested three people in the Toledo area

MADRID: Spanish police on Thursday said they had broken up a network suspected of smuggling at least 70 Syrian and Algerian migrants to Spain and made three arrests.
The migrants paid the smuggling ring up to 10,000 euros ($10,800) each for trips on small boats from Algeria to Spain before traveling to other European countries, police said in a statement.
The boats lacked any safety measures, water or food, posing a “serious risk” to the migrants’ lives, while the organization used violence against those who failed to pay on time, it added.
The migrants suffered “dire” living conditions in the Madrid and nearby Toledo regions before continuing to other destinations in Spain and elsewhere in Europe, notably Germany, police said.
The authorities arrested three people in the Toledo area, including the group’s leader who was placed in detention.


Spanish police on Thursday said they had broken up a network suspected of smuggling at least 70 Syrian and Algerian migrants to Spain and made three arrests. (AFP/File)

‘Fake news’ of Pakistan rape ignites real protest movement

‘Fake news’ of Pakistan rape ignites real protest movement
Updated 8 min 4 sec ago
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‘Fake news’ of Pakistan rape ignites real protest movement

‘Fake news’ of Pakistan rape ignites real protest movement
  • Protests began this month after online posts alleged Lahore college student had been raped by staffer
  • Student protests broke out over allegations, with police arresting over 380 after clashes and unrest

LAHORE, Pakistan: For Pakistani police, reports of a college campus rape that went viral this month are “fake news” fomenting unrest. For protesting students, the social media posts offer a rare public reckoning with sexual assault.
But as the clashing accounts have spilled from the Internet and onto the streets, both sides agree the case has ignited a tinderbox of legitimate fears.
“Girls who go to campuses definitely feel threatened,” 21-year-old Khadija Shabbir told AFP at a Monday protest in eastern Lahore city that was swiftly dismantled by authorities.
Senior officer Syeda Shehrbano Naqvi is charged with probing the case police insist has been conjured from unverifiable online rumors.

Students carry placards as they march during a demonstration to condemn the alleged rape of a female student in Lahore on October 16, 2024. (AFP)

But she admits it has struck a real chord on the issue of harassment in Pakistan, a patriarchal country where open discussion of abuse is taboo.
“All of us somewhere have experienced it,” she says. “It’s an extremely sensitive subject.”
It began earlier this month with a swirl of social media posts alleging a staff member had raped a woman in the basement of a Punjab College campus in Lahore.
When police and local media were unable to trace a victim, the local government and school administration dismissed the claims as a hoax.
But student protests broke out last Monday, escalating into unrest in Lahore and other cities later in the week that led to the arrests of at least 380 people over vandalism and arson.

Students throw stones toward police during clashes as they protest over an alleged on-campus rape in Punjab, in Rawalpindi on October 17, 2024. (AP)

Educational institutes were shut across Punjab province last Friday — when protests are generally staged after prayers — and political gatherings were banned for two days, although officials gave no reason.
As a result, about 26 million children were out of school as well as many more university and college students in the country’s most populous province.
But students, banned from officially organizing in unions for the past four decades, have continued to come out this week.
“I haven’t seen it grow into a movement like this or this sort of anger or reaction from them before,” said Fatima Razzaq, a member of the Aurat March women’s rights group.
The Punjab government has a women-only police emergency line where they report receiving 1,300 calls daily from women concerned about their safety.
But with 80 percent of women saying they have been harassed in public places, according to the UN, there is little trust that authorities take the matter seriously.
Razzaq said “a deep-rooted frustration” is surfacing as a result.
While protesters’ opinions vary about the veracity of the rape claim that has sparked the movement, many cite their own experience as more pivotal in their decision to turn out.

Students throw stones toward police during clashes as they protest over an alleged on-campus rape in Punjab, in Rawalpindi on October 17, 2024. (AP)

“A girl I know in my university committed suicide because she was being harassed,” student Amna Nazar told AFP.
“My professor keeps asking me out and calling me to his office,” said another University of the Punjab student, asking to remain anonymous. “This is something I do not want to do.”
On the campus where the crime is alleged to have happened, activists painted the walls with red hand prints and demands of “justice for the rape victim.” But it was quickly painted over.
“If we go and complain about an incident, we are told that nothing happened and we should stop talking about it,” said one female student at another university.
Lahore’s High Court has announced a new committee of judges to investigate campus sexual harassment, indicating authorities are conceding the protests have a point.
But the face-off between students and police is taking place amid a broader crackdown on dissent from political and ethnic activists across Pakistan.
Student social media pages and online chat groups created to mobilize protesters have disappeared and officials have pledged that those spreading misinformation will be prosecuted.

In this photograph taken on October 19, 2024, Syeda Shehrbano Naqvi, a Pakistani senior police officer, speaks during an interview with AFP at her office in Lahore. (AFP)

Naqvi — the police officer — said there was “less tendency of people to believe somebody in uniform” and that the confrontation had spiraled into the “state versus the students.”
Meanwhile, the women whose experiences with harassment have placed them at the center of the movement are finding themselves sidelined as the protests spill into violence often led by men.
As crowds of male students threw rocks at police in the city of Rawalpindi last week, officers returned fire with rubber bullets, and women fearing for their safety cowered away in side-streets.
Nevertheless, 19-year-old female student Inshai said: “We are standing up for our rights.”


Bangladesh bans student wing of Sheikh Hasina’s party under terrorism law

Bangladesh bans student wing of Sheikh Hasina’s party under terrorism law
Updated 52 min 13 sec ago
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Bangladesh bans student wing of Sheikh Hasina’s party under terrorism law

Bangladesh bans student wing of Sheikh Hasina’s party under terrorism law
  • Ban in response to pressure from student movement that toppled Hasina
  • Experts warn against banning of political groups, polarization of society

DHAKA: Bangladesh’s interim government has banned the student wing of the Awami League party of ousted prime minister Sheikh Hasina’s, citing the group’s role in the deadly violence during the recent popular uprising.

A gazette notification issued by the Ministry of Home Affairs on Wednesday night said the Bangladesh Chhatra League was banned under the Anti-Terrorism Act with immediate effect.

The ministry accused the BCL of misconduct over the past 15 years, including violence, harassment and exploitation of public resources.

The notification said there was evidence of the group’s “conspiratory, destructive and provocative acts against the nation along with various terror activities” during the nationwide protest that forced Hasina to flee to India.

Initially peaceful student-led demonstrations started in Bangladesh in early July against public-sector job quotas. Two weeks later, they were met with a violent crackdown by security forces aided by BCL activists, which according to UN estimates left more than 600 people dead.

The violence led to a nationwide uprising, which on Aug. 5 forced Hasina to leave for neighboring India and an interim cabinet led by Nobel Peace laureate Muhammad Yunus took charge.

There was no comment from the Awami League as many of its leaders have been arrested over accusations of their role in the unrest, the Bangladesh Nationalist Party — the main opposition party, whose members were persecuted during Hasina’s 15-year rule — was not enthusiastic about the ban.

“What we believe in is the rule of law. Whenever any such decision is taken, it ought to be made through a process of law. Anything that is extraordinary and beyond due process will always have some pitfalls. I believe, if a public hearing or some more clear legal process was adhered to prior to invoking such a decision, it would be more acceptable,” Nawshad Jamir, BNP’s international affairs secretary, told Arab News.

“BCL has done some most heinous crimes in the past however, even then, they are also entitled to a fair justice system.”

The banning of BCL and crackdown on Awami League comes in response to escalating demands from the student movement that organized the July protest. The movement’s members have been also calling for the removal of President Mohammed Shahabuddin — an Awami League member, who in accordance with Bangladesh’s constitution remained in office after Hasina’s resignation.

Prof. Touhidul Islam, who teaches conflict resolution at Dhaka University, warned against growing social polarization if the interim government was going to achieve national reconciliation, which was one of the first promises made by Yunus as he took office.

“This ban will have a significant influence in the broader political scenario of the country,” he said.

“When there is polarization in society, it always keeps away the concept of reconciliation. The focus should be on minimizing the differences. We are cautiously watching the political developments at the moment.”

The banning of political entities did not contribute to “healthy politics and a democratic system,” Prof. Zarina Rahman, former public administration lecturer at Dhaka University, told Arab News.

“If someone, or an organization, is found to be a terrorist or anti-social element, they should be tried. Someone should be charged with specific accusations,” she said.

“We have a common tendency to remove the head in case of a headache ... If someone violates the rules, we should hold him or her responsible for the particular misdeeds. The authorities should try this method first.”


French foreign minister says conference for Lebanon raised $1 billion in pledges

French foreign minister says conference for Lebanon raised $1 billion in pledges
Updated 12 min 21 sec ago
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French foreign minister says conference for Lebanon raised $1 billion in pledges

French foreign minister says conference for Lebanon raised $1 billion in pledges
  • Jean-Noël Barrot said: “We have collectively raised $800 million in humanitarian aid and $200 million for the security forces, that’s about $1 billion”
  • The United States pledged to provide about $300 million, he said

PARIS: France’s foreign minister said an international conference for Lebanon raised $1 billion in pledges for humanitarian aid and military support to help the country where war between Hezbollah militants and Israel has displaced a million people, killed over 2,500, and deepened an economic crisis.
Jean-Noël Barrot said: “We have collectively raised $800 million in humanitarian aid and $200 million for the security forces, that’s about $1 billion,” in his closing speech at the Paris conference, which gathered over 70 nations and international organizations.
“We’re up to the challenge,” Barrot said.
The United States pledged to provide about $300 million, he said.
French President Emmanuel Macron had called on participants to bring “massive aid” to support the country, as France promised $100 million.
The United Nations had previously estimated the urgent humanitarian needs in Lebanon to be $426 million.
Germany pledged a total of 96 million euros in humanitarian aid to both Lebanon and neighboring Syria, also deeply affected by escalating violence in the Middle East. Italy announced this week an additional 10 million euros ($10.8 million) in aid for Lebanon.
However, experts warn that delivering aid could be challenging as Lebanon’s growing dependence on informal and cash economy increases lack of transparency and corruption risks.
The Paris conference also aimed at coordinating international support to strengthen Lebanon’s armed forces so they can deploy in the country’s south as part of a potential deal to end the war. Such a deal could see Hezbollah withdraw its forces from the border.
This support to the Lebanese military includes “helping with health care, fuel, small equipment, but also supporting the plan to recruit at least 6,000 additional soldiers and to enable the deployment of at least 8,000 additional soldiers in the south,” Macron said.
Paris also seeks to help restore Lebanon’s sovereignty and strengthen its institutions. The country, where Hezbollah effectively operates as a state within a state, has been without a president for two years while political factions fail to agree on a new one.
UN Secretary-General António Guterres, in a pre-recorded video, called on Lebanon’s leaders “to take decisive action to ensure the proper functioning of state institutions in order to meet the country’s urgent political and security challenges.”
Acting Lebanese Prime Minister Najib Mikati urged the international community to take action.
“The devastating impact of this war on our nation cannot be overstated, and it has left a trail of destruction and misery in its wake. The Israelis’ aggression has not only caused immense human suffering and loss of lives, but also inflicted severe damage to the country’s infrastructure, economy and social fabric,” Mikati said Thursday in Paris.
In Lebanon, an Israeli airstrike killed early Thursday three Lebanese soldiers, including an officer, as they were evacuating wounded people in southern Lebanon. The Lebanese army said Israeli forces have targeted it on eight occasions since an all-out war broke out between Israel and Hezbollah in September.
The Israeli army apologized for a strike on Sunday that it said mistakenly killed three soldiers, and on Wednesday said it was looking into whether “a number of soldiers of the Lebanese army were accidentally harmed” after it targeted what it says was Hezbollah infrastructure.
Israel in the past month has launched a major aerial bombardment and ground invasion of Lebanon as it says it’s targeting Hezbollah, with strikes hitting the capital, Beirut, and elsewhere.
The International Organization for Migration has said about 800,000 people are displaced, with many now in overcrowded shelters, while others have fled across the border into Syria. Mikati on Thursday estimated the number of displaced people is over 1.4 million, including 500,000 children.
The cash-strapped Lebanese government is ill-prepared to deal with the crisis or the increased demands on its health system. Several have been evacuated because of nearby airstrikes and fears that they might be targeted.
Lebanon’s army has been hit hard by five years of economic crisis. It has an aging arsenal and no air defenses, leaving it in no position to defend against Israeli incursions or confront Hezbollah.
The Lebanese army has about 80,000 troops, around 5,000 of them deployed in the south. Hezbollah has more than 100,000 fighters, according to the militant group’s late leader, Hassan Nasrallah. The militant group’s arsenal, built with support from Iran, is more advanced.
Conference participants also are to discuss how to support the 10,500-soldier-strong UN peacekeeping mission, UNIFIL. European nations including France, Italy and Spain provide a third of its troops.
Italy, which has over 1,000 troops in UNIFIL, is pushing for the peacekeeping force to be strengthened to “be able to face the new situation” on the ground, an Italian diplomat said, speaking anonymously to discuss ongoing talks.
Guterres said Thursday that “attacks on UN peacekeepers are totally unacceptable and are contrary to international law, contrary to international humanitarian law and may constitute a war crime.”
France’s historic links with Lebanon, a former colony, and its influential diplomacy give Paris momentum to coordinate “a proper response to the massive challenge that the war in Lebanon now poses,” said Middle East expert Rym Montaz, editor-in-chief of Carnegie Europe’s blog Strategic Europe.
“What we do know is that without a strengthened Lebanese armed forces and UNIFIL, there can be no sustainable peace and stability at the border between Lebanon and Israel,” Montaz said. “As such, the French efforts are important and crucial for the way forward.”