Even Mother Earth’s fury has failed to awaken us

Even Mother Earth’s fury has failed to awaken us

Even Mother Earth’s fury has failed to awaken us
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Mother Earth has been the archetype of generosity and graciousness for as long as our planet has existed. Like every mother, though, there is a point where we push her too far and she loses her patience.

Even before the coronavirus pandemic, Mother Earth had already been giving us polite warnings that we were pushing her and our planet too far. Since then, she has started to show her frustration more frequently.

And yet we have continued to ignore the rapidly deteriorating state of our environment to the point where it is starting to threaten our very existence.

The weapons used in Gaza, Ukraine, Sudan, and elsewhere to destroy families and territories are not unlike the tools we humans have turned on Mother Earth, cutting down and torching her forests, parching her of freshwater, poisoning her soil, and overexploiting her resources.

We are right to be concerned about the harm humans are inflicting upon other humans, but we should be far more concerned by the existential threat posed to humanity by our wretched destruction of the environment that sustains us.

As we look around us, we see lakes and arable land disappear, pollinating insects dwindle, fish vanish from our oceans, and weather phenomena become ever more extreme.

We have continued to ignore the rapidly deteriorating state of our environment to the point where it is starting to threaten our very existence.

Hassan bin Youssef Yassin

The year 2023 was not only the hottest on record; it was an outlier in the trend of global warming, a slowly rising line suddenly turning exponential. 

Livelihoods around the world are being decimated by the greed of our fishing fleets, intensive agriculture, and our collective inability to acknowledge the harm, waste, and pollution that our daily lives inflict on the planet.

Despite our highly advanced information and communication technologies, empathy and understanding are losing ground, creating division at the very moment that we most need cooperation to stave off this common threat.

The hurt and delusion, the staggering self-interest of the media, corporations, and politicians, and the tragic blindness and complacency of humanity are all leading us toward the precipice.

Even the rage of Mother Earth has failed to awaken us. Must it take an even greater natural disaster to jolt us into action before it is too late? 

Hassan bin Youssef Yassin worked closely with Saudi Arabia’s petroleum ministers Abdullah Tariki and Ahmed Zaki Yamani from 1959-67. He led the Saudi Information Office in Washington from 1972-81 and served with the Arab League’s observer delegation to the UN from 1981-83.
 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Zelensky meets Turkiye’s Erdogan amid US shift on Ukraine

Zelensky meets Turkiye’s Erdogan amid US shift on Ukraine
Updated 7 min 53 sec ago
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Zelensky meets Turkiye’s Erdogan amid US shift on Ukraine

Zelensky meets Turkiye’s Erdogan amid US shift on Ukraine
  • Volodymyr Zelensky flew into the Turkish capital from the UAE late on Monday
  • Kyiv seeks to shore up its position in response to US-Russia talks

ISTANBUL: Turkiye’s Recep Tayyip Erdogan met with Ukraine’s President Volodymyr Zelensky in Ankara on Tuesday, as Kyiv seeks to shore up its position in response to US-Russia talks.
Zelensky flew into the Turkish capital from the United Arab Emirates (UAE) late on Monday, saying on Telegram he would discuss prisoner exchanges and other issues with Erdogan.
The talks at Erdogan’s presidential palace, which began around 1115 GMT, came several hours after top US and Russian diplomats met in Saudi for their first high-level talks since Moscow invaded Ukraine nearly three years ago.
Zelensky, who last visited Turkiye in March 2024, is himself due in Riyadh for a visit on Wednesday.
Top Erdogan aide Fahrettin Altun on Monday said the pair would discuss how to “further strengthen cooperation” between their two nations.
NATO member Turkiye has sought to maintain good relations with its warring Black Sea neighbors, with Erdogan pitching himself as a key go-between and possible peacemaker between the two.
Ankara has provided drones for Ukraine but shied away from Western-led sanctions on Moscow.
Alongside Saudi and the UAE, Turkiye has played a role in brokering several prisoner swap deals between Russia and Ukraine which have seen hundreds of prisoners returning home despite the ongoing conflict.
Earlier on Tuesday, Russia’s Foreign Minister Sergei Lavrov met in Riyadh with US Secretary of State Marco Rubio as part of what the Kremlin says is a bid to re-open ties with Washington.
US and Russian officials are eyeing a summit between their two leaders, with Europe and Kyiv worried they will try to end the war in Ukraine without them.


UK firms should consider dual listings in Saudi Arabia, says British minister

UK firms should consider dual listings in Saudi Arabia, says British minister
Updated 14 min 37 sec ago
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UK firms should consider dual listings in Saudi Arabia, says British minister

UK firms should consider dual listings in Saudi Arabia, says British minister

RIYADH: Saudi Arabia presents significant opportunities for UK businesses, including the potential for dual listings on the London and Riyadh stock exchanges, according to British Minister of Investment Poppy Gustafsson.  

Speaking with Arab News at the Capital Markets Forum in Riyadh, Gustafsson emphasized the long-standing economic ties between the two nations and the shared ambition to strengthen investment and trade links.  

Gustafsson underscored the importance of educating UK businesses about the advantages of accessing Saudi Arabia’s commercial and trading markets through dual listings.   

This comes as Saudi Arabia and the UK reaffirmed their commitment to strengthening economic ties and boosting bilateral trade to £30 billion ($37.5 billion) by 2030 during UK Prime Minister Keir Starmer’s visit to the Kingdom in December. 

“There’s a huge opportunity for UK businesses to sell their products in Saudi Arabia and access that market more effectively,” she said.   

“I’m here to articulate not just why governments want these partnerships, but what the benefits are for businesses.”  

The UK and Saudi Arabia have already established a governance framework to facilitate economic cooperation, including a recently refreshed memorandum of understanding and the Strategic Oversight Board.   

“The governance structure is in place, and the next phase is to translate these agreements into tangible outcomes, whether through increased investment, trade, or dual listings,” she said.  

Fintech is one sector seeing strong bilateral engagement, with British companies actively exploring opportunities in Saudi Arabia.   

Gustafsson cited the success of a British fintech firm that won a Saudi competition, as well as broader UK expertise in the sector.  

“British fintech companies are recognizing the potential here and establishing offices in Saudi Arabia. That’s beneficial for both sides,” she said.  

“My role in the UK is to support both investment into the UK and investment out of the UK into other regions, whether that’s Saudi Arabia or elsewhere,” Gustafsson said.   

“We have a long historic relationship, and being here (in Saudi Arabia) feels like we are among friends. The goal is to build on that history to solve modern problems and drive growth across both of our nations.”  

The UK and the Gulf Cooperation Council are negotiating a free trade agreement, which is expected to increase trade between the UK and Saudi Arabia by approximately 18 percent.   

Gustafsson highlighted past efforts to deepen commercial ties, citing last year’s Great Futures Conference, where the largest UK trade delegation in a decade brought 450 British companies to Saudi Arabia.   

“A lot of investments came off the back of that,” she said, adding that improved e-visa processes and new direct flights are further facilitating business exchanges.  

A key focus of the forum was capital market collaboration, particularly in enabling British companies to pursue dual listings in Saudi Arabia and vice versa.   

“The UK has a great heritage in financial institutions and a strong stock exchange, while Saudi Arabia has a rapidly growing domestic market,” Gustafsson noted.   

“By sharing expertise, we can create opportunities for British companies to dual list or for Saudi companies to raise debt in the UK.”   

Islamic finance is another key area of collaboration. “The UK has been innovative in capital markets, particularly in structuring Islamic finance products,” she said. 

“London has traditionally been the main hub for raising debt financing, and fostering an innovation ecosystem requires businesses to access capital markets effectively,” the minister said.   

“Saudi Arabia is working closely with the London Stock Exchange to expand its offering and deepen its market liquidity, ensuring best practices and knowledge-sharing between our two financial hubs,” she added. 


Historic Baran village draws winter tourists

Historic Baran village draws winter tourists
Updated 15 min 56 sec ago
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Historic Baran village draws winter tourists

Historic Baran village draws winter tourists

RIYADH: Nestled among the mountainous slopes of Qilwah governorate in Baha, the village of Baran stands as a captivating cultural landmark and boasts over 500 years of history.

It is a draw for tourists and history enthusiasts, particularly in winter when the weather is refreshing and the surrounding landscapes are at their most picturesque, according to the Saudi Press Agency.

Saeed Al-Zahrani, a 73-year-old resident, said the village was constructed from stone, sidr wood and white quartz. Doors and windows are adorned with intricate architectural engravings, highlighting Baran’s unique heritage.

Atiya Al-Zahrani, another resident, said the village consisted of several multi-story buildings, ranging from three to four floors. At its heart are expansive agricultural terraces, which have long served as residents’ primary livelihoods, providing fertile soil for growing crops.

In a recent effort to preserve the Kingdom’s cultural heritage, the Heritage Commission has added 25 new sites, including Baran village, to the National Register of Architectural Heritage.

This initiative is part of the commission's broader efforts to archive and digitize heritage sites across the country, ensuring conservation of its rich legacy.


Mona Kattan’s Kayali fragrance brand parts ways with cosmetics giant Huda Beauty

Mona Kattan’s Kayali fragrance brand parts ways with cosmetics giant Huda Beauty
Updated 25 min 59 sec ago
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Mona Kattan’s Kayali fragrance brand parts ways with cosmetics giant Huda Beauty

Mona Kattan’s Kayali fragrance brand parts ways with cosmetics giant Huda Beauty

DUBAI: Huda Beauty — founded by US Iraqi sisters Huda, Mona and Alya Kattan — is divesting its ownership in fragrance brand Kayali, co-founded by Huda and Mona Kattan in 2018, the pair announced on Monday.

Mona is partnering with global growth equity firm General Atlantic to jointly own the fragrance brand.

Kayali will operate as an independent company, with Mona continuing as the brand’s CEO.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by HUDA BEAUTY (@hudabeauty)

Since its launch in 2018, Kayali’s product offerings have grown to 24 fragrances, which are sold by retailers like Sephora, Walgreens Boots Alliance, and ASOS.

The move allows Huda Beauty’s owners to buy back a stake held by TSG Consumer Partners since 2017, according to a joint statement by the three companies on Monday.

Beauty sells everything from luxury eyelashes to makeup and skincare products. The company has more than 54.2 million followers on Instagram, well ahead of rivals Rare Beauty and Kylie Cosmetics which have 8 million and 24.7 million followers respectively.

"Huda Beauty is making history as one of the few established beauty brands to return to full founder ownership," the statement said, according to Reuters.

A value for the deal, which is subject to regulatory approval, was not disclosed.

Goldman Sachs International acted as Huda Beauty’s financial advisor, and Gibson Dunn served as its legal advisor. Skadden, Arps, Slate, Meagher & Flom served as Mona Kattan’s legal advisor.

Raymond James served as General Atlantic’s financial advisor, and Latham & Watkins served as its legal advisor.


Civil Defense warns of thunderstorms until Thursday

Civil Defense warns of thunderstorms until Thursday
Updated 37 min 46 sec ago
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Civil Defense warns of thunderstorms until Thursday

Civil Defense warns of thunderstorms until Thursday

RIYADH: The General Directorate of Civil Defense has issued a weather warning for most regions of Saudi Arabia, forecasting continued thunderstorms until Thursday.

Light to moderate rain is expected in the Makkah region, with potential flash floods, hail and strong downdrafts affecting areas such as Taif, Maysan, Al-Muwayh, Turbah, Al-Lith, Al-Qunfudah, Jeddah and Rabigh.

According to the directorate, the Riyadh region may experience moderate to heavy rain, flash floods, hail and strong downdrafts, impacting the capital and other cities, including Diriyah, Dhurma, Al-Muzahimiyah, Shaqra, Al-Zulfi, Al-Majmaah, Ramah and Al-Kharj.

Moderate to heavy rain is also expected in the Eastern Province, Qassim, Hail and the Northern Borders, while Jouf, Madinah and Baha may see light to moderate rainfall.

The Civil Defense has advised the public to take necessary precautions and avoid flood-prone areas such as valleys.

It also urged people to stay updated on weather conditions through its official channels and social media platforms.