‘Saudi Arabia open to quickly making investments in Iran’

News Network
March 16, 2023

saudi.jpg

Riyadh, Mar 16: Saudi Arabia is open to “quickly” investing in Iran following the restoration of diplomatic relations, according to the Kingdom’s Finance Minister Mohammed Al-Jadaan. 

Saudi Arabia and Iran agreed last Friday to reassert their diplomatic ties and will reopen their respective embassies within two months.  

Speaking at the Financial Sector Conference in Riyadh, Al-Jadaan was asked when Saudi Arabia could start making “significant” investments in Iran.

“I would say quickly,” he replied, later adding: “Our aim is to have a region that is stable, able to provide for its people, and prosper, and there is no reason for that not to happen, Iran is our neighbor and has been and will continue to be for hundreds of years.”

“There are a lot of opportunities in Iran, and we provide a lot of opportunities, as long as goodwill continues,” Al-Jadaan said. 

The finance minister added that as long as both sides “stick to agreements” around sovereignty and non-interference, there is no reason the relationship between the countries cannot see a “ normalization.”

“I don’t see any impediments,” Al-Jadaan added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 12,2024

mail.jpg

Microsoft has reportedly closed the email accounts of Palestinians living abroad, cutting off their access to online services used to contact relatives in Gaza amid the ongoing genocidal Israeli war.

Some Palestinians told the BBC on Thursday that their email accounts were closed without any explanation.

They added that this closure prevented them from accessing bank accounts, job offers, and the Skype application used to communicate with family members in the besieged Gaza.

“They killed my life online," said Eiad Hametto, who lives in Saudi Arabia.

"They’ve suspended my email account that I’ve had for nearly 20 years - It was connected to all my work.”

Hametto also said being cut off from Skype was a huge blow for his family.

Microsoft alleged that the affected users had violated its terms of service, but the Palestinians rejected the claim.

“We are civilians with no political background who just wanted to check on our families,” Hametto stressed. 

Salah Elsadi, who lives in the US, said that his Microsoft Hotmail account and all associated services were deactivated in April.

"I've had this Hotmail for 15 years," he said. "They banned me for no reason, saying I have violated their terms - what terms? Tell me. I've filled out about 50 forms and called them many many times."

Another Palestinian Khalid Obaied said he had paid for a package to make phone calls, but he was banned after 10 days for no reason.

"That means it's only because I’m a Palestinian calling Gaza,” he added.

Israel unleashed its brutal Gaza onslaught on October 7 after Hamas carried out its historic operation against the occupying entity in retaliation for the regime’s intensified atrocities against the Palestinian people.

According to the Gaza Health Ministry, the Tel Aviv regime has so far killed at least 38,345 Palestinians, mostly women and children, in Gaza, and injured 88,295 others.

The Israeli aggression has disrupted telecommunication services (landline, mobile, and internet) in the Gaza Strip. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 12,2024

banana.jpg

New Delhi: Retail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released on Friday.

The Consumer Price Index (CPI) based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023 (previous low).

Inflation in the food basket was 9.36 per cent in June, up from 8.69 per cent in May, according to the data released by the National Statistical Office (NSO).

The government has tasked the Reserve Bank of India (RBI) to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.

The RBI projected the CPI inflation for 2024-25 at 4.5 per cent, with Q1 at 4.9 per cent, Q2 at 3.8 per cent, Q3 at 4.6 per cent, and Q4 at 4.5 per cent.

The central bank mainly factors in the retail inflation while deciding its bi-monthly monetary policy.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 12,2024

revanna.jpg

New Delhi: In a relief to a Kannada news channel which extensively telecast the sex abuse case involving former JDS MP Prajwal Revanna and his family, the Supreme Court on Friday stayed a Karnataka High Court, stopping broadcast of Power TV on the ground of lack of proper licence.

A bench of Chief Justice of India D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said this was nothing but sheer political vendetta.

"We are inclined to protect the freedom of speech and expression. It looks like a plain case of political vendetta and this court would be failing in its duty if it does not protect the petitioner," the bench said.

The court issued notice to the Union government and others on a petition filed by Power TV and others.

Solicitor General Tushar Mehta, appearing for the Union government, contended it was not borne out from record.

He said the show cause notice of February 9 was related to the channel subletting its uplink and downlinking licence.

The apex court, however, stayed the High Court order till Monday.

It also fixed the matter for hearing on Monday.

The Karnataka High Court had restrained Power TV from carrying out any broadcasting activity till July 9.

Justice S R Krishna Kumar had passed the interim order on June 25, after hearing two petitions filed by senior serving IPS officer Dr B R Ravikanthegowda, and JDS leader and MLC HM Ramesh Gowda and his wife Dr A Ramya Ramesh.

The petitioners claimed despite proceedings already initiated by the central government against the television channel and other private respondents, they continued to broadcast without arranging for the necessary licence renewal.

The Ministry of Information and Broadcasting stated a show cause notice was issued on a complaint, that the permission for Power TV was valid till October 12, 2021, and its renewal application dated December 30, 2022, was under examination.

The channel and its director Rakesh Shetty have reportedly been at the forefront of campaigns against Janata Dal (Secular) leaders like Prajwal Revanna and Suraj Revanna, who have been accused of sexual assault.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.