On International Day of the Arabian Leopard, together, we can make a difference

On International Day of the Arabian Leopard, together, we can make a difference

On International Day of the Arabian Leopard, together, we can make a difference
Young leopard at breeding center. (Photo courtesy: the Royal Commission for AlUla)
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Wildlife conservation is critical to the planet’s biodiversity and to ensuring the long-term survival of countless species … including our own. While the plight of an animal like the Arabian leopard may seem far removed from the daily life of most, our collective well-being is inextricably linked. Everything in nature is connected to the rest of the world. Your health and the health of your family and community is linked to the vitality of all other species.

In 2021, with fewer than 200 Arabian leopards — a critically endangered species — left in the wild, I started Catmosphere. In the midst of the COVID-19 pandemic, it became increasingly clear how our planet, environment, wildlife and our own well-being are all interconnected. And while the survival and longevity of this subspecies may have driven the original initiative, the story is one of determination and hope for our collective future.

As human activities continue to encroach on natural habitats and drive species like the Arabian leopard to the brink of extinction, the need for conservation efforts has never been more urgent. Among the many species threatened by habitat loss, poaching and human-wildlife conflict, big cats stand out as iconic and imperiled symbols of the challenges facing wildlife conservation. And the Kingdom of Saudi Arabia is leading efforts to help ensure their survival. Whether through the Catwalk Trails in Sharaan Nature Reserve, the Royal Commission for AlUla’s breeding and reintroduction program or the Arabian Leopard Fund, the Kingdom is committed to fostering a more sustainable future, including for wildlife.

While the survival and longevity of this subspecies may have driven the original initiative, the story is one of determination and hope for our collective future.

Princess Reema Bandar Al-Saud

Catmosphere has worked with leading experts in the field of conservation to tell the stories of big cats and their conservation challenges to encourage us all to take action to address our collective well-being. The preservation of big cats, including species such as tigers, lions, leopards, jaguars and cheetahs, has been the focal point of Catmosphere’s global efforts to protect biodiversity. These majestic creatures play a vital role in maintaining the ecological balance of their respective habitats. As apex predators, big cats help regulate prey populations, which in turn affects the entire food web. However, big cats face numerous threats that jeopardize their survival, including habitat destruction, the illegal wildlife trade and climate change.

So, I was so elated that, through Catmosphere’s efforts, the UN last year recognized the “International Day of the Arabian Leopard,” an initiative sponsored by Saudi Arabia and co-sponsored by more than 30 member states. The resolution proclaimed Feb. 10 as the International Day of the Arabian Leopard, to be observed annually around the world from this year. This announcement was significant because it was the first time ever that the UN had named an international day of recognition for a mammal or a big cat or a subspecies. And it was the first time that an international day established by the UN was led by Saudi Arabia. I am particularly proud that this day is for conservation.

On the first International Day of the Arabian Leopard, Catmosphere is inviting everyone to celebrate by taking part in the third “CATWALK,” a mass participation walk that is open to everyone, everywhere. The Arabian leopard and its habitats cannot speak for themselves. We need to speak and act on their behalf. I encourage you to visit the Catmosphere website (catmosphere.org), where you can get involved, participate in the CATWALK and register your support.

This first International Day of the Arabian Leopard is a testament to the idea that truly anything is possible … it is not too late. Our well-being is interconnected — from reintroducing the native Arabian leopard in AlUla to planting mangroves in the Red Sea, our collective action brings positive change. Together, we can make a difference.
Princess Reema Bandar Al-Saud has served as the Ambassador of the Kingdom of Saudi Arabia to the US since 2019. She founded Catmosphere, a foundation aimed at addressing collective well-being through conservation, in 2021.

Rewilding Arabia
Return of the leopard is at the heart of plans to conserve and regenerate Saudi Arabia’s landscapes and wildlife
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Pakistan arrests 10 suspects for begging in Saudi Arabia under guise of Umrah

Pakistan arrests 10 suspects for begging in Saudi Arabia under guise of Umrah
Updated 6 min 40 sec ago
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Pakistan arrests 10 suspects for begging in Saudi Arabia under guise of Umrah

Pakistan arrests 10 suspects for begging in Saudi Arabia under guise of Umrah
  • Suspects were deported from Saudi Arabia for being involved in begging, says Federal Investigation Agency
  • Pakistan’s FIA says authorities conducting strict screening across all airports, vows stern action against beggars

KARACHI: Pakistan’s Federal Investigation Agency (FIA) said on Sunday it has arrested 10 persons deported from Saudi Arabia for allegedly begging in the Kingdom despite traveling there on Umrah visas. 

The trend of beggars abusing visas to beg in foreign countries has Pakistan worried that it could impact genuine visa-seekers and particularly religious pilgrims to Saudi Arabia. According to widespread media reports, Riyadh raised this issue with Islamabad at various forums last year. 

Pakistan’s Interior Minister Mohsin Naqvi said in November 2024 that an “effective crackdown” was being carried out across the country against Pakistanis traveling to the Kingdom on pilgrim and other visas and resorting to begging. 

“In a major operation by FIA Immigration at Karachi airport, 10 suspects involved in begging under the guise of Umrah were arrested,” the agency said in a statement. 

The suspects were deported from the Kingdom for being involved in begging and had arrived in Karachi via flight SV-704. The FIA said they hail from Pakistan’s Rajanpur, Naushahro Feroze, Kashmore, Lahore, Peshawar, Mohmand and Larkana cities and districts.

The agency said its initial investigation proved the suspects were begging in Saudi Arabia for several months, adding that they were transferred to the Anti-Human Trafficking Circle in Karachi for further legal action. 

“FIA Immigration is conducting strict screening at all airports,” the FIA said. “Passengers going abroad are being checked from all aspects. Strict action is being taken against those involved in begging.”

Pakistanis are the second-largest expatriate community in the Kingdom, with over 2.5 million living and working in Saudi Arabia, the top source of remittances to the South Asian country.
 


Kingdom strengthens cultural ties at Delhi book fair

Kingdom strengthens cultural ties at Delhi book fair
Updated 10 min 5 sec ago
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Kingdom strengthens cultural ties at Delhi book fair

Kingdom strengthens cultural ties at Delhi book fair

RIYADH: Saudi Arabia’s Literature, Publishing and Translation Commission is taking part in the New Delhi World Book Fair, being held at Pragati Maidan from Feb. 1-9.

Its involvement is part of ongoing efforts to strengthen cultural cooperation between the Kingdom and India, reported the Saudi Press Agency on Sunday.

The commission aims to highlight Saudi Arabia’s role in the global cultural and literary landscape, raise awareness of its heritage and highlight its publications and contribution to the international literary scene. It also seeks to promote cultural and intellectual exchange between the two countries.

The commission’s pavilion features its literary and cultural initiatives, including “Tarjim” which supports Saudi Arabia’s translation movement. It also hosts sections dedicated to the King Salman Global Academy for the Arabic Language and the King Fahd National Library.

Saudi Arabia was previously guest of honor at the 2024 New Delhi World Book Fair, where it organized various programs and events reflecting the Kingdom’s cultural and creative landscape.


Saudi Arabia launches February ‘Sah’ savings with 4.94% return

Saudi Arabia launches February ‘Sah’ savings with 4.94% return
Updated 12 min 31 sec ago
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Saudi Arabia launches February ‘Sah’ savings with 4.94% return

Saudi Arabia launches February ‘Sah’ savings with 4.94% return
  • Minimum subscription amount is SR1,000 and the maximum total issuance per user during the program period is SR200,000
  • Kingdom aims to raise savings rate among residents from 6% to the international benchmark of 10% by 2030

JEDDAH: Saudi Arabia has launched the second round of its subscription-based savings product, Sah, for 2025, offering a competitive return of 4.94 percent for February.

Issued by the Ministry of Finance and organized by the National Debt Management Center, the Sah bonds are the Kingdom’s first savings product designed specifically for individuals. 

Structured within the local bond program and denominated in Saudi riyals, Sah offers attractive returns to promote financial stability and growth among citizens.

The product aligns with the Financial Sector Development Program under Saudi Vision 2030, which aims to raise the savings rate among residents from 6 percent to the international benchmark of 10 percent by the end of the decade.

The Shariah-compliant, government-backed sukuk began at 10:00 a.m. Saudi time on Feb. 2 and will remain open until 3:00 p.m. on Feb. 4. Redemption amounts are expected to be paid within a year, as announced by the NDMC on X.

Sah offers fee-free, low-risk returns and is available through the digital platforms of various approved financial institutions. The bonds are issued monthly based on the issuance schedule, with a one-year savings period, fixed returns, and profits paid out at the bond’s maturity.

The minimum subscription amount is SR1,000 ($266), corresponding to the value of one bond, while the maximum total issuance per user during the program period is SR200,000. Returns are paid monthly per the issuance calendar.

The savings period lasts one year with a fixed return, and accrued profits are disbursed at the bond’s maturity. Future returns will be influenced by market conditions on a month-to-month basis.

The product is available to Saudi nationals aged 18 and older, who must open an account with either SNB Capital, Aljazira Capital, Alinma Investment, SAB Invest, or Al-Rajhi Capital.

Last month, NDMC announced the closure of the year’s first issuance with a total amount allocated of SR3.724 billion. It was divided into four tranches, with the first valued at SR1.255 billion to mature in 2029 and the second worth SR1.405 billion, maturing in 2032. The third tranche totaled SR1.036 billion to mature in 2036, while the fourth amounted to SR28 million and matures in 2039.

The initial 2025 issuance concluded on Jan. 7, offering a competitive return of 4.95 percent over its three-day subscription period.


Saudi stc Group tops MENA telecom operators with $57.7bn market cap

Saudi stc Group tops MENA telecom operators with $57.7bn market cap
Updated 21 sec ago
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Saudi stc Group tops MENA telecom operators with $57.7bn market cap

Saudi stc Group tops MENA telecom operators with $57.7bn market cap
  • stc posted a net profit of SR11.23 billion in the first nine months of 2024
  • Company’s Saudi mobile subscriber base grew 7.9% year on year

RIYADH: Saudi Arabia’s stc Group has emerged as the largest listed telecom operator in the Middle East and North Africa, with a market capitalization of $57.7 billion as of Jan. 28, according to a Forbes analysis.

The ranking places stc ahead of UAE’s e&, the Kingdom’s Etihad Etisalat, also known as Mobily, Qatar’s Ooredoo Group, and UAE’s Emirates Integrated Telecommunications Co., which round out the top five telecom firms in the region by market value. 

The combined capitalization of these five companies stood at $132 billion, representing 84.7 percent of the total market value of the 16 publicly listed telecom operators in the region.

stc’s share price rose 2 percent year on year to SR43.3 ($11.6) as of Jan. 28. On Feb. 2, the stock gained 0.34 percent to trade at SR43.65 as of 12:30 p.m. Saudi time. The company posted a net profit of SR11.23 billion in the first nine months of 2024, marking a 2 percent increase from the same period a year earlier, according to Saudi Exchange data.

The group’s financial arm, STC Bank, recently secured a non-objection certificate from the Saudi Central Bank to commence operations, becoming the first licensed digital financial institution in Saudi Arabia. The approval aligns with the regulator’s push for digital transformation and enhanced competition in the banking sector while ensuring financial stability.

Forbes said that stc’s Saudi mobile subscriber base grew 7.9 percent year on year in the first nine months of 2024, reaching 27.6 million, while fixed-line subscribers rose 2.3 percent to 5.7 million. In contrast, stc Kuwait saw its mobile subscriber base decline 4.2 percent to 2.3 million by the end of the third quarter.

Saudi Arabia’s Public Investment Fund holds a 62 percent stake in stc Group.

Among regional rivals, e& holds the second-largest market capitalization at $41.1 billion, while Mobily ranks third at $12 billion. Mobily’s stock price climbed 14.5 percent year on year to SR58.4 as of Jan. 28, with net profit surging 43 percent to SR2.12 billion for the first nine months of 2024. The company’s subscriber base also expanded 1.5 percent to 11.7 million.

Ooredoo Group ranks fourth with an $11.4 billion market capitalization, followed by Emirates Integrated Telecommunications at $9.8 billion.


Oman trade surplus grows 2% in November to reach $18.5bn  

Oman trade surplus grows 2% in November to reach $18.5bn  
Updated 31 min 53 sec ago
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Oman trade surplus grows 2% in November to reach $18.5bn  

Oman trade surplus grows 2% in November to reach $18.5bn  

RIYADH: Oman’s trade surplus rose 2 percent year on year by the end of November, reaching 7.14 billion Omani rials ($18.5 billion), up from 6.99 billion rials in the same period of 2023. 

The increase, driven largely by a surge in oil and gas exports, saw total merchandise exports grow 7.7 percent year on year to 22.23 billion rials, while imports rose 10.6 percent to 15.09 billion rials, according to preliminary data from the National Center for Statistics and Information. 

Oil and gas exports surged 19.7 percent to 14.99 billion rials, compared to 12.53 billion rials in the same period of 2023.   

Crude oil exports rose 2.5 percent to 9.13 billion rials, while refined oil exports saw a sharp increase of 174.9 percent to 3.57 billion rials. Liquefied natural gas exports, however, declined slightly by 1.1 percent to 2.30 billion rials.  

The UAE was Oman’s top trade partner in non-oil exports, with trade reaching 935 million rials, an 8.1 percent increase from November 2023.   

The UAE also remained the leading destination for re-exports from Oman at 526 million rials and was the top exporter to Oman, supplying 3.60 billion rials worth of goods.  

Saudi Arabia ranked second in non-oil exports from Oman, totaling 764 million rials, followed by South Korea with 611 million rials.   

Iran was the second-largest re-export destination at 335 million rials, followed by Kuwait at 110 million rials.   

Among exporters to Oman, China ranked second with 1.62 billion rials, followed by Kuwait at 1.49 billion rials.  

Oman’s trade surplus is part of a regional trend as the Gulf Cooperation Council continues to play a significant role in global trade.   

The latest data shows that the GCC achieved a total trade volume of $1.5 trillion, securing its position as the world’s sixth-largest trader and accounting for 3.4 percent of global trade in 2023.  

Oman’s non-oil merchandise exports declined by 16.6 percent to 5.64 billion rials in November, down from 6.77 billion rials a year earlier. Mineral products remained the largest category within non-oil exports at 1.62 billion rials, despite a 35.2 percent drop.   

Base metals and related products fell 1.1 percent to 1.20 billion rials, while plastics and rubber products grew 10.1 percent to 896 million rials.   

Exports of chemical industry products dropped 22 percent to 725 million rials, and live animals and animal products declined 12.3 percent to 320 million rials.  

Re-exports from Oman grew 18.3 percent to 1.59 billion rials. Transport equipment re-exports rose 2.1 percent to 385 million rials, while electrical machinery and equipment fell 4.1 percent to 346 million rials.   

Re-exported food, beverages, and liquids increased by 30.2 percent to 168 million Omani rials, and mineral product re-exports climbed 43.1 percent to 119 million Omani rials. However, re-exports of live animals and animal products declined 13.3 percent to 89 million rials.  

On the import side, mineral products accounted for the largest share, totaling 4.21 billion rials, up 9.5 percent.   

Imports of electrical machinery and equipment grew 26 percent to 2.61 billion rials, while base metals and related products declined 1.2 percent to 1.45 billion rials.   

Chemical industry imports rose 2.7 percent to 1.40 billion rials, and transport equipment imports increased by 13.1 percent to 1.35 billion rials. Other imported products totaled 4.07 billion rials.  

Oman’s crude oil exports totaled approximately 308.42 million barrels by the end of December, with an average price per barrel of $81.2.  

Oil exports accounted for 84.9 percent of the country’s total oil production, which stood at 363.29 million barrels for the year.   

However, total oil exports saw a slight decline of 0.6 percent compared to December 2023, when Oman exported 310.33 million barrels.   

This decrease aligned with a 5.1 percent drop in overall oil production, which fell from 382.77 million barrels in the previous year.