Saudi Aramco says to offer shares worth over $10 billion on Saudi bourse

Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion. (Aramco)
Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion. (Aramco)
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Updated 30 May 2024
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Saudi Aramco says to offer shares worth over $10 billion on Saudi bourse

Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion. (Aramco)
  • It is the firm’s second listing after an initial public offering in December 2019 that raised $25.6 billion

RIYADH: Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion, one of the biggest such offerings in recent years.
In a statement posted to the Saudi stock exchange, Aramco announced a “secondary public offering of 1.545 billion shares,” with an expected price range between 26.70 and 29 Saudi riyals ($7 to $7.70).
The sale on the local bourse, which represents approximately 0.64 percent of the company’s issued shares, will commence on Sunday, Aramco said.
It is the firm’s second listing after an initial public offering in December 2019 that raised $25.6 billion, the biggest flotation in history.
Saudi Arabia is the world’s largest crude oil exporter and, before the announcement on Thursday, the government owned about 82 percent of its shares.


Philippine woman saved from Indonesia death row ‘elated’

Philippine woman saved from Indonesia death row ‘elated’
Updated 17 min 21 sec ago
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Philippine woman saved from Indonesia death row ‘elated’

Philippine woman saved from Indonesia death row ‘elated’
  • Mary Jane Veloso was arrested in Indonesia in 2010 carrying a suitcase lined with 2.6 kilograms of heroin
  • Her family and supporters said she was innocent and had been set up by an international drug syndicate
INDONESIA: A Philippine woman sentenced to death in Indonesia on drug charges said Thursday that she was “elated” to be returning home, after a deal brokered between the two nations.
Mary Jane Veloso was arrested in Indonesia in 2010 carrying a suitcase lined with 2.6 kilograms of heroin and later sentenced to death by firing squad.
The mother-of-two’s case sparked an uproar in the Philippines, with her family and supporters saying she was innocent and had been set up by an international drug syndicate.
On Wednesday, Philippine President Ferdinand Marcos said she would be handed over to Manila following years of “long and difficult” negotiations.
“I am very elated to hear there is an opening chance for my hope to return home and be with my family,” Veloso said in a written statement read by the prison warden Evi Loliancy on Thursday.
“I’m grateful and would like to thank everybody who keeps making efforts so I can return to my country,” she said.
The 39-year-old said she would utilize skills she has learned in prison, including local cloth-dying techniques, to earn money for herself and her family.
Veloso’s family maintained that she was duped into signing up for a non-existent job abroad as a domestic worker and was not aware the suitcase given to her by the recruiter contained hidden drugs.
The Philippine government won a last-minute reprieve for Veloso in 2015 after a woman suspected of recruiting her was arrested and put on trial for human trafficking in a case in which Veloso was named as a prosecution witness.
Indonesia’s law and human rights minister Yusril Ihza Mahendra said President Prabowo Subianto had “approved the transfer,” which is expected to happen next month.
Philippine leader Marcos on Wednesday posted a message thanking his Indonesian counterpart.
He said Veloso’s “story resonates with many: a mother trapped by the grip of poverty, who made one desperate choice that altered the course of her life.”

ASEAN defense chiefs discuss regional security with US, China and other partner nations

ASEAN defense chiefs discuss regional security with US, China and other partner nations
Updated 52 min 12 sec ago
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ASEAN defense chiefs discuss regional security with US, China and other partner nations

ASEAN defense chiefs discuss regional security with US, China and other partner nations
  • The US and China have been working to improve frayed military-to-military communications
  • ASEAN meetings come as member nations are looking warily toward the change in American administrations

VIENTIANE, Laos: Southeast Asian defense chiefs met Thursday with China, the United States and other partner nations in Laos for security talks, which come as Beijing’s increasingly assertive stance in its claim to most of the South China Sea is leading to more confrontations.
The closed-door talks put US Secretary of Defense Lloyd Austin and Chinese Defense Minister Dong Jun in the same room a day after Dong refused a request to meet with Austin one-on-one on the sidelines of the ASEAN Defense Ministers Meetings.
The US and China have been working to improve frayed military-to-military communications and Austin said he regretted Dong’s decision, calling it “a setback for the whole region.”
The ASEAN meetings come as member nations are looking warily toward the change in American administrations at a time of increasing maritime disputes with China. The US has firmly pushed a “free and open Indo-Pacific” policy under outgoing President Joe Biden and it is not yet clear how the incoming administration of President-elect Donald Trump will address the South China Sea situation.
In addition to the United States and China, other nations attending the ASEAN meeting from outside Southeast Asia include Japan, South Korea, India, Russia, Australia and New Zealand.
The meetings with the ASEAN dialogue partners were also expected address tensions in the Korean Peninsula, the Russia-Ukraine war, and wars in the Middle East.
Before heading to Laos, Austin concluded meetings in Australia with officials there and with Japan’s defense minister. They pledged to support ASEAN and expressed their “serious concern about destabilizing actions in the East and South China Seas, including dangerous conduct by the People’s Republic of China against Philippines and other coastal state vessels.”
Along with the Philippines, ASEAN members Vietnam, Malaysia and Brunei have competing claims with China in the South China Sea, which Beijing claims almost entirely as its own territory.
Indonesia, Thailand, Singapore, Myanmar, Cambodia and Laos are the other ASEAN members.
As China has grown more assertive in pushing its territorial claims in recent years, it and ASEAN have been negotiating a code of conduct to govern behavior in the sea, but progress has been slow.
Officials have agreed to try to complete the code by 2026, but talks have been hampered by thorny issues, including disagreements over whether the pact should be binding.
Chinese and Philippine vessels have clashed repeatedly this year, and Vietnam in October charged that Chinese forces assaulted its fishermen in disputed areas in the South China Sea. China has also sent patrol vessels to areas that Indonesia and Malaysia claim as their exclusive economic zones.
Another thorny regional issue is the civil war and humanitarian crisis in ASEAN member Myanmar. The group’s credibility has been severely tested by the war in Myanmar, where the army ousted an elected government in 2021, and fighting has continued with pro-democracy guerillas and ethnic rebels.
More than a year into an offensive initiated by three militias and joined by other resistance groups, observers estimate the military controls less than half the country.
Myanmar military rulers have been barred from ASEAN meetings since late 2021, but this year the country has been represented by high-level bureaucrats, including at the summit in October.
At the defense meetings, the country is represented by Zaw Naing Win, director of the Defense Ministry’s International Affairs Department.
Meetings on Wednesday also discussed military cooperation, transnational haze, disinformation, border security and transnational crimes such as drugs, cyberscams and human trafficking, Thai Defense Ministry spokesperson Thanathip Sawangsang said.


Diriyah Art Futures exhibition to showcase rare collection of world’s foremost computer art pioneers

Diriyah Art Futures exhibition to showcase rare collection of world’s foremost computer art pioneers
Updated 21 November 2024
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Diriyah Art Futures exhibition to showcase rare collection of world’s foremost computer art pioneers

Diriyah Art Futures exhibition to showcase rare collection of world’s foremost computer art pioneers

Diriyah Art Futures, the first new media arts hub in the MENA region, has announced its inaugural exhibition titled “Art Must Be Artificial: Perspectives of AI in the Visual Arts.” Developed by the Saudi Ministry of Culture, DAF will host the exhibition from Nov. 26 to Feb. 15, 2025 in Diriyah, Riyadh, introducing the region to the power and potential of new media and digital art.

Curated by the renowned Jérôme Neutres, former director at the Réunion des Musées Nationaux-Grand Palais in Paris, the exhibition brings together more than 30 global and regional artists to explore new forms of creative expression at a critical juncture of technological development. 

“Art Must Be Artificial” will present a sweeping history of computer art, from the 1960s to the present day, featuring works by iconic regional and international artists. The exhibition includes Saudi talents Lulwah Alhomoud, Muhannad Shono, Nasser Alshemimry (DesertFish), and Daniah Al-Saleh, their works spanning geometric abstraction, robotic and audiovisual art, and digital installations, showcasing the innovative spirit of the Kingdom. Notable MENA artists include VJ Um Amel (Laila Shereen Sakr, Egypt/US) and Haythem Zakaria (Tunisia), whose practices explore the intersections of media, culture, and technology.

Internationally acclaimed contributors include Refik Anadol (Turkiye), Ryoji Ikeda (Japan), Miguel Chevalier (Mexico/France), and Yang Yongliang (China), each known for their revolutionary use of AI, data, and digital landscapes. The exhibition also celebrates pioneers such as Frieder Nake (Germany), Vera Molnar (Hungary/France), Harold Cohen (UK), and Manfred Mohr (Germany), who laid the foundations of algorithmic and computational art. Other prominent names include Peter Kogler (Austria), Elias Crespin (Venezuela), Casey Reas (US), Daniel Rozin (US), John Gerrard (Ireland), Leonel Moura (Portugal), and Alan Rath (US), whose practices redefine creativity in the digital age.

Further enriching the exhibition are the collaborative works of Christa Sommerer and Laurent Mignonneau (Austria/France) and Edmond Couchot and Michel Bret (France), alongside experimental artists like aaajiao (Xu Wenkai, China), Anna Ridler (UK), Yining Fei and Chuck Kuan (China/US), Charles Sandison (UK), and Quayola (Italy). Together, these artists offer a comprehensive exploration of computational and robotic art, bridging history, innovation, and regional narratives.

The exhibition’s setting in Saudi Arabia, a country with a young, tech-savvy population, provides a fitting backdrop for this exploration of the evolving relationship between art and technology. With the word “algorithm” originating from the Islamic world, “Art Must Be Artificial” presents an intriguing regional connection, while bridging past, present, and future, to examine how algorithms and AI are transforming the nature of art creation.

Reflecting on his curatorial vision, Neutres said: “This exhibition seeks to explore a profound transformation, where artists are not just creators but architects of a new digital age. By embracing the power of AI and computational technology, contemporary artists are redefining the boundaries of art, opening infinite possibilities for the future. 

“At Diriyah Art Futures, we are presenting a dialogue between past pioneers and today’s visionaries, showcasing how the Kingdom of Saudi Arabia is uniquely well-positioned to lead these critical conversations in the global art world,” Neutres added.

In addition to the exhibition, Diriyah Art Futures offers a robust programming schedule that includes panel discussions, masterclasses, hands-on workshops, performances, and guided tours, designed to engage audiences in the dynamic intersection of art and technology. The activities, which feature prominent artists and scholars, provide an immersive experience for those looking to deepen their understanding of new media art. Tickets for both the exhibition and public programs are available through the Diriyah Art Futures website, offering visitors the chance to participate in a range of unique experiences that push the boundaries of art. 


American and Australian tourists die, raising toll to 4 in Laos alcohol poisoning incident

American and Australian tourists die, raising toll to 4 in Laos alcohol poisoning incident
Updated 21 November 2024
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American and Australian tourists die, raising toll to 4 in Laos alcohol poisoning incident

American and Australian tourists die, raising toll to 4 in Laos alcohol poisoning incident
  • The two Australian women fell ill on November 13 after a night out drinking with a group
  • They are believed to have consumed drinks tainted with methanol

VIENTIANE, Laos: An Australian teenager has died after drinking tainted alcohol in Vang Vieng, Laos, Australia’s prime minister said Thursday, and the US State Department confirmed an American also died in the same party town, bringing the death toll to four in the poisoning incident.
Australian Prime Minister Anthony Albanese told Parliament that 19-year-old Bianca Jones had died after being evacuated from Laos for treatment in a Thai hospital. Her friend, also 19, remains hospitalized in Thailand.
Meantime, the State Department confirmed that an American tourist had also died, but said it had no further comment out of respect to the families.
“This is every parent’s very worst fear and a nightmare that no one should have to endure,” Albanese told lawmakers, adding “we also take this moment to say that we’re thinking of Bianca’s friend Holly Bowles who is fighting for her life.”
The two Australian women fell ill on Nov. 13 after a night out drinking with a group. They are believed to have consumed drinks tainted with methanol, which sometimes used as the alcohol in mixed drinks at disreputable bars and can cause severe poisoning or death.
New Zealand’s Foreign Ministry said Thursday one of its citizens was also unwell in Laos and could be a victim of methanol poisoning. Denmark’s Foreign Ministry, when asked about the poisoning incident, said Wednesday that two of its citizens had died in Laos but would not provide further details.
“We have updated our travel advisory for Laos to note that there have been several cases of suspected methanol poisoning after consuming alcoholic drinks,” New Zealand’s Foreign Ministry said. “Travelers are advised to be cautious about consuming alcoholic beverages, particularly cocktails and drinks made with spirits that may have been adulterated with harmful substances.”


After bail in state gifts case, new charges filed against Pakistan’s Imran Khan

After bail in state gifts case, new charges filed against Pakistan’s Imran Khan
Updated 21 November 2024
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After bail in state gifts case, new charges filed against Pakistan’s Imran Khan

After bail in state gifts case, new charges filed against Pakistan’s Imran Khan
  • Khan has been named in case relating to alleged violence by his supporters during a rally in September 
  • Khan, who has been in jail since August 2023, says all cases against him are politically motivated 

ISLAMABAD: Rawalpindi police said on Thursday they had filed fresh charges against former Pakistani Prime Minister Imran Khan related to violence at a party rally in September, a day after a court granted the ex-premier bail in a case involving the illegal sale of gifts from a state repository. 

On Wednesday, the Islamabad High Court granted Khan bail in the new Toshakhana case, filed in July and involving a jewelry set worth over €380,000 gifted to the former first lady by a foreign dignitary when Khan was prime minister from 2018-2022. The couple is accused of undervaluing the gift and buying it at a lesser price from the state repository.

Before the new case was filed, Khan, who has been in jail since last August, was convicted in four cases. Two of the cases have since been suspended, including an original one relating to state gifts, while he was acquitted in the remaining two.

“A case has been registered for arson, stone pelting, resisting the police, damage to government property and other incidents,” Rawalpindi Police announced on X, reading the charges against Khan in connection to a protest held by his Pakistan Tehreek-e-Insaf (PTI) party in September. 

“Investigation team headed by SSP Investigation is investigating Imran Khan. Khan will be produced in court to obtain physical remand.”

Charges have also been filed in the case against Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur and a number of PTI leaders, including Seemabia Tahir, Amir Mughar and Aliya Hamza.

The police report of the case, which was filed on Sept. 28, the day of the rally, lists terrorism, attempted murder, vandalism, destruction of public and state property, and interference in government operations as the main charges. It says participants of the PTI rally created unrest, obstructed public access by burning tires and caused difficulties for citizens.

It also charges PTI leaders and supporters of raising anti-government slogans, hurling stones at the police and attacking them with iron rods during the protest.

Several police vehicles were damaged by PTI rallygoers and one police officer was injured, the report says.

Khan was in prison when the Sept. 28 rally took place. The former premier denies any wrongdoing, and alleges all the cases registered against him since he was removed from power in 2022 are politically motivated to keep him in jail.