Middle East Experience

With their unholy actions, the rioters are disturbing the freedom of prayer of everyone, including other Muslims.
Source: Jerusalem Post
Full Article: Israel cannot allow rioters to desecrate Temple Mount - editorial

Dubai’s utility DEWA said on Saturday it has increased the retail portion of its initial public offering by almost three times, boosting the overall deal size to as much as AED 22.32 billion ($6.08 billion).The retail tranche was increased to 760 million shares from 260 million shares due to “significant demand and over-subscription from retail investors,” it said in a statement.DEWA’s public share sale is set to become the biggest for the region since Saudi Aramco’s record $29.4 billion in 2019.For the latest headlines, follow our Google News channel online or via the app.Demand has been strong during the book-building process at the top end of the price range, sources familiar with the matter told Reuters on Friday.DEWA had previously boosted the size of the institutional tranche.The IPO aims to help the Dubai bourse compete more effectively with bigger exchanges in the region, such as those in Saudi Arabia and neighboring Abu Dhabi.Citigroup, Emirates NBD Capital and HSBC are joint global coordinators, while Credit Suisse, EFG Hermes, First Abu Dhabi Bank PJSC and Goldman Sachs are joint bookrunners.Read more:UAE’s Aldar Properties buys $210 million beach property in Ras Al KhaimahUAE-based Carasti car subscription expands to Saudi ArabiaSaudi Arabia’s pharmacy firm Nahdi soars on debut after $1.36 billion IPO
Source: Al Arabiya
Full Article: Dubai’s DEWA boosts retail size in IPO amid strong demand 

Saudi Arabia has welcomed the announcement made by UN special envoy to Yemen of a truce between Yemen’s warring parties during the holy month of Ramadan, the official Saudi Press Agency reported on Saturday.The statement of support was attributed to the Kingdom’s Ministry of Foreign Affairs which also “appreciated the efforts” of Yemen’s UN Special Envoy Hans Grundberg for facilitating the truce.For the latest headlines, follow our Google News channel online or via the app.The ceasefire is expected to halt all military operation in Yemen and on the Saudi-Yemen border.The move “comes in the content of the Saudi initiative to put an end to the Yemeni crisis and reach a comprehensive political solution, announced in March 2021,” said the ministry’s statement as reported by SPA.In a statement shared with the media, Grundberg was quoted as saying, “they also agreed for fuel ships to enter into Hodeidah ports and commercial flights to operate in and out of Sanaa airport to predetermined destinations in the region.”“The Truce can be renewed beyond the two-month period with the consent of the parties,” Grundberg added. “The aim of this Truce is to give Yemenis a necessary break from violence, relief from the humanitarian suffering and most importantly, hope that an end to this conflict is possible.”Grundberg thanked regional and international stakeholders for their support in helping reach the ceasefire.“All Yemeni women, men and children that have suffered immensely through over seven years of war expect nothing less than an end to this war,” he said.Read more:Yemen govt to help with release of prisoners, open Sanaa airport in truce movesHouthis still welcome to join Yemen consultations in Riyadh: GCC officialSaudi Arabia blacklists 25 individuals, entities for easing financing of Houthis
Source: Al Arabiya
Full Article: Saudi Arabia welcomes UN announcement of ceasefire agreement in Yemen

The soaring prices exacerbated the woes of Lebanese already facing a major economic crisis..
Source: Albawaba
Full Article: Ramadan starts in most of the Middle East amid soaring prices

UN special envoy Hans Grundberg said the two-month truce would come into effect on Saturday at 7 pm local time (1600 GMT) and could be renewed with consent of the parties..
Source: Albawaba
Full Article: First day of Ramadan ushers in two-month truce in Yemen, fears remain despite hopes for end to conflict

A massive fire tore through the main market in the city of Hargeisa in northern Somalia overnight, injuring about two dozen people and destroying hundreds of businesses, officials said on Saturday.Images posted on social media showed flames and huge billowing clouds of smoke in the night sky over the city, the capital of the breakaway region of Somaliland.For the latest headlines, follow our Google News channel online or via the app.The cause of the blaze that gutted the sprawling Waheen market - the lifeblood of the city and home to an estimated 2,000 shops and stalls - is not yet known.Officials said it started on Friday evening but was largely brought under control by dawn on Saturday, although some small areas were still burning.“The town has never witnessed such a massive calamity,” Hargeisa’s mayor Abdikarim Ahmed Moge told reporters at the scene.“This place was the economic center of Hargeisa and even though the firefighters did their best to contain the fire, the market is destroyed.”He said the blaze could have been brought under control before causing such extensive damage but that the firefighters’ efforts were hampered by access problems.The vast market is a crowded warren of shops and makeshift stalls, with no proper streets, only narrow pathways.Somaliland president Muse Bihi Abdi said during a visit to Waheen that about 28 people, nine of them women, were injured, but that so far no loss of life had been reported.He said the government would be releasing one million dollars to help with the emergency response to the disaster.Hargeisa Chamber of Commerce chairman Jamal Aideed said the loss of the market was immense as it accounted for 40 to 50 percent of the city’s economy.“I have lost everything tonight, this fire was the biggest I have ever seen in my life,” said market trader Bashi Ali.“I had several businesses in the market and all of them burned to ashes. All we can learn from this disaster is to plan the market well,” he added.Read more:Climate-linked disasters pose ‘major’ growth threat in Middle East, Central Asia: IMFEthiopia declares ‘indefinite humanitarian truce’Gunfire near Somali capital’s main airport, al-Shabaab claims responsibility
Source: Al Arabiya
Full Article: Huge fire destroys Somaliland market

Ukrainian photographer and documentary maker Maks Levin has been found dead near the capital Kyiv after going missing more than two weeks ago, presidential aide Andriy Yermak said on Saturday."He went missing in the conflict area on March 13 in the Kyiv region. His body was found near the village of Guta Mezhygirska on April 1," he said on Telegram.For the latest headlines, follow our Google News channel online or via the app.The Institute of Mass Information, a non-governmental organisation, cited preliminary findings from the prosecutor’s office saying that the journalist was killed by “two shots” from the Russian military.Levin, 40, a father of four, had been working with Ukrainian and international media.During fighting between Ukrainian forces and Russia-backed separatists in eastern Ukraine in 2014, he managed to escape encirclement in a town where hundreds of Ukrainian soldiers were killed.Read more:Pope Francis for the first time implicitly criticizes Putin over UkraineRussian forces in ‘rapid retreat’ from northern areas: Ukraine officialRussian missiles strike several Ukrainian cities: Local officials
Source: Al Arabiya
Full Article: Missing Ukrainian journalist found dead near Kyiv: Presidential aide

Israel says the militants were killed by troops trying to stop them from carrying out an attack..
Source: Albawaba
Full Article: Three Palestinian militants killed by Israeli forces in West Bank clash

Turkish Foreign Minister Mevlut Cavusoglu said he will visit Israel and Palestinian territories with Energy Minister Fatih Donmez in mid-May..
Source: Albawaba
Full Article: Erdogan stresses ‘mutual energy benefits’ in call to Israel’s Herzog

Ultralight aircraft are lightweight one or two-seat fixed-wing aircraft
Source: Jerusalem Post
Full Article: Man killed in ultralight aircraft crash in central Israel