Middle East Experience

Top stories on #TheRoundup today: Jenin attacks trend in Qatar Peaceful protest for Imran Khan in Doha Qatari ownership in London up by 50% AFC Champions League has kicked off..
Source: Albawaba
Full Article: The Roundup | 11 April 2022

Food prices in Yemen have already doubled in the last 12 months and the country’s eight years of fighting have led to an economic collapse..
Source: Albawaba
Full Article: In famine-threatened Yemen, fears grow over impact of Ukraine war

In a bid to become less dependent on Russia, Europe is seeking new sources of natural gas in the Eastern Mediterranean. War in the Ukraine has, however, led to new tensions over the EastMed pipeline project. By Ronald Meinardus..
Source: Albawaba
Full Article: Europe's gas supply: Reshuffling the EastMed cards

Blogger and civil rights campaigner Alaa Abd el-Fattah was key figure in country’s 2011 revolution..
Source: Albawaba
Full Article: Egyptian activist gains UK citizenship while serving jail sentence

Police in Saudi Arabia opened an investigation on Monday into the death of student who reportedly died after a classroom fight.For the latest headlines, follow our Google News channel online or via the app.Footage circulated online of the child falling unconscious after having a fight with another student.Police said that the pair were 15-year-old students from Jeddah. The incident was reported to Jeddah’s police force, and is now being investigated by the provincial Makkah al-Mukarramah force, Al Arabiya reported.The video depicts two students grappling, one in a headlock, while other students try to separate them.The pair are then separated and one child stands up for a few seconds before falling unconscious.Initial legal procedures have been taken, police said.Read more: Mass brawl in Riyadh shopping district leads to nine arrests: PoliceDubai Police claim beggar arrested with $10,890 cashPolice arrest thieves in Riyadh, seize 26 stolen vehicles and money
Source: Al Arabiya
Full Article: Saudi police investigating death of student after viral video brawl

Dubai Electricity & Water Authority (DEWA) jumped in its trading debut after raising $6.1 billion in the world’s second-biggest initial public offering this year.For the latest headlines, follow our Google News channel online or via the app.Shares of Dubai’s main utility rose 20 percent to $0.81 (2.98 dirhams) from the offer price of $0.68 (2.48 dirhams), which was the top end of the marketed range. The IPO valued DEWA at $33.8 billion.The deal is the latest sign of feverish appetite for IPOs from the Arab Gulf. DEWA almost tripled the size of its offer to 18 percent in the face of huge demand, drawing orders worth $86 billion, excluding cornerstone and strategic investors.Russia’s invasion of Ukraine has shuttered global IPO markets, already buckling under the weight of surging inflation and monetary policy tightening. The Middle East sidestepped the worst of the volatility, while soaring energy prices boosted cash reserves for local investors, who have been keen to put the money to work.DEWA priced its IPO for an implied dividend yield of five percent, a boon as rising interest rates make companies that provide steady income more attractive. The utility has a monopoly in the city and is seen as a way to gain exposure to Dubai’s economic and demographic growth potential.Dubai last year missed out on a flurry of share sales in the Middle East, led by neighboring Abu Dhabi and Saudi Arabia, and DEWA is only the emirate’s second IPO since 2017. Now, the government is planning to list nine more state companies, including Tecom Group, in an effort to boost trading activity.Trading volume had picked up in Dubai over the last three months of 2021, hitting a four-year high in November after a string of initiatives to bolster activity, but momentum has since faltered. DEWA’s IPO is an important test for the market’s liquidity.Read more: Dubai DEWA IPO set to raise $6 bln: Deputy rulerDubai’s DEWA boosts retail size in IPO amid strong demandDubai’s DEWA says increases IPO size to 17 percent, could raise as much as $5.7 bln
Source: Al Arabiya
Full Article: DEWA shares surge as company makes trading debut in 2022’s second-largest IPO

One of the world’s biggest rough rubies has landed in Dubai to mark the launch of the new Callisto Collection by SJ Gold and Diamond, the Swiss firm said in a statement on Tuesday.The rough Ruby, mined from the Central Tanzanian village of Winza, will make its first public appearance in the market at the Waldorf Astoria in Dubai Financial Center (DIFC) on Friday.For the latest headlines, follow our Google News channel online or via the app.SJ Gold and Diamond, established in Dubai since 2017, will display the record-breaking rough ruby gem called ‘Burj al-Hamal,’ or ‘Aries’ in English.After the holy month of Ramadan, the Ruby will be auctioned off to buyers in the United Arab Emirates. The rare gem has been estimated to go for a minimum of $120 million.Weighing in at a whopping 8,400 carats and 2.8 kilograms in weight, the Burj al-Hamal will be unveiled by the event’s guest of honor and the renowned Hollywood actor, Tamer Hassan.“The launch of the Callisto collection in Dubai represents a groundbreaking moment for the company in its journey to becoming one of the world's leading Metal and Mineral Asset Management Firm, managing a total of 4 billion dollars in assets, ranging from exclusive gemstones and gold,” said SJ Gold and Diamond Managing Director Patrick Pilati.“This is the first time we are introducing our crown jewel of the collection. Unveiling this one-of-a-kind stone to the public for bidding, is a clear continuation of our dedication to showcasing the best of the best in the UAE,” added Pilati.The Callisto collection, named after the famous Arcadian Nymph of Greek Mythology, includes millions worth of hand-picked white and yellow cut and uncut diamonds along with the 12 unique rubies, weighing 236,000 carats.Each rough ruby, coming in diverse sizes, will be featured in the Callisto collection’s logo, tethered together with gold lines to form the collection’s very own constellation.Read more:Nelson Mandela’s 1961 arrest warrant NFT raises $130,000 in auctionEgypt state banks sell $16.6 bln in 18 pct CDs, absorbing post-devaluation liquidityUS Supreme Court takes up copyright battle over Warhol’s paintings
Source: Al Arabiya
Full Article: Rare 8,400 carat rough ruby lands in Dubai for auction, estimated at 0 million

Iran summoned the Afghan charge d’affaires on Tuesday after a violent protest at its diplomatic mission in western Afghanistan.Tehran also announced the closure until further notice of its Afghan missions, where other protests had also occurred.For the latest headlines, follow our Google News channel online or via the app.On Monday, dozens of Afghans chanting “Death to Iran” demonstrated outside the Iranian consulate in Herat after videos spread widely over the weekend, purportedly showing Iranians beating Afghan refugees.Demonstrators burned an Iranian flag and damaged surveillance cameras at the mission before dispersing, an AFP correspondent said. They also threw stones at the compound.On Monday, a similar anti-Iran protest occurred in the southeastern city of Khost, and another took place outside the Iranian embassy in Kabul.Another demonstration against the videos occurred near Ahmad Shah Massoud Square in Kabul on Tuesday.A statement on Iran’s foreign ministry website said the embassy in Kabul had also been targeted.The statement, issued on Tuesday, said the ministry’s director general for South Asia summoned Afghanistan’s charge d’affairs in Tehran “to vigorously protest the attacks on the Iranian embassy in Kabul and the consulate general in Herat.”It added that the embassy and consular sections in Afghanistan had suspended operations “in order to obtain necessary assurances guaranteeing total security of the missions.”Iran, which hosts more than five million Afghan refugees, has seen a fresh influx of Afghans since the Taliban returned to power last August.The protests occurred after the weekend circulation on social media of the videos claiming to show Iranian border guards and Iranian mobs beating Afghan refugees in Iran.It was unclear when the images were filmed, and their authenticity could not be independently verified.On Sunday, Iran’s embassy in Kabul called the images “baseless and invalid.”Since the Taliban seized power, Afghanistan has plunged further into economic crisis, pushing even those without links to the former Western-backed government to scramble for an exit.Thousands of people daily try to cross into neighboring Iran in search of work, or in a bid to reach Europe in the hope of asylum. Iran has so far not recognized the Taliban government.Read more: The Taliban controlling Afghanistan is a headache Iran can do without
Source: Al Arabiya
Full Article: Iran summons Afghan charge d’affaires after unrest at Herat consulate

Tears in the meniscus and anterior cruciate ligaments are sports injuries that usually require surgical treatment. Here’s how it works and what the success rates are.
Source: Jerusalem Post
Full Article: Hurt your knee during a workout? Here’s how to treat it

Pakistan has had 29 prime ministers since 1947 but none have completed a full five-year term..
Source: Albawaba
Full Article: Pakistanis in Qatar react to Imran Khan's ousting