Video PlayerClose by Murad Abdu ADEN, Yemen, Aug. 18 (Xinhua) -- Following an armed attack launched by pro-secession southern forces against a military academy in Aden City on Saturday, tension is feared to escalate between Yemen's government forces and anti-government military units in the country's southern part. Earlier in the day, forces loyal to the pro-secession Southern Transitional Council (STC) launched an armed attack targeting a graduation ceremony at a military academy in Aden, in protest of raising the country's national flag at the academy despite SCT's warning. Residents told Xinhua that the anti-unity forces loyal to the STC rained the military academy buildings with a barrage of heavy gunfire and cancelled the ceremony using violence. The soldiers in charge of protecting the military academy failed to resist the attacking forces, leaving at least one student killed and four others injured in a two-hour gunfight, according to Aden-based residents near the scene. Hours … [Read more...] about Spotlight: Yemen’s Aden faces escalating faction after attack by southern separatist forces
Houthis attack oil tanker
By Liam Denning Saudi Arabians now have the chance to go super-long. The latest inducement to buy into the IPO of their national oil company is apparently being able to borrow money on a two-for-one basis to buy the shares, as reported by Bloomberg News. Having ditched earlier plans for a big global offering (see this), Saudi Arabia’s biggest earner will now sell stakes mainly to Saudi Arabians using money lent to them by Saudi Arabian banks. Given Saudi Aramco’s central role in the economy, this is somewhat akin to borrowing money to fill your 401K with your employer’s stock. Still, an overwhelmingly domestic IPO means that stock competes mostly with domestic benchmarks. And with dividends guaranteed for several years and bonus shares on offer for loyal investors, Aramco screens well on that basis. The mooted price range implies a dividend yield of about 4.4% to 4.7%, higher than the Tadawul All-Share’s 3.8%, and more than the sub-4% yields of bonds issued by … [Read more...] about View: Even with a price cut, Aramco IPO isn’t cheap
TEHRAN: Anti-government protests in Iran have left buses and banks burned, hundreds under arrest, the Internet blocked and an unconfirmed number of people dead. That raises the question of whether the Trump administration’s “maximum pressure’’ campaign is starting to deliver. The unrest was sparked by Tehran’s decision last week to both ration and raise the price of gasoline. But there was ready tinder to be lit, consisting of the sorts of frustrations that have stoked violence around the globe in recent months, from Bolivia, Chile and Venezuela, to Hong Kong, Iraq and Lebanon. The protests, according to Afshin Molavi, a senior fellow at the Foreign Policy Institute at Johns Hopkins School of Advanced International Studies, “are the culmination of rising anger at what is perceived to be a corrupt, out-of-touch ruling class that has consistently failed to deliver on the economy or jobs amid allegations of billions of dollars of … [Read more...] about Iran Unrest Raises a Question: Is ‘Maximum Pressure’ Working?
Electrician Jesse Lindsay Holloway said he used the money to pay off much of the mortgage on his Sydney apartment. The 29-year-old owns a $1.1 million apartment in Sydney’s wealthy northern beaches suburb of Mona Vale. Just minutes from the beach and national parks, Mona Vale’s residents have an average income significantly above the city’s average. Holloway was convicted of 30 drugs-related charges including supply of prohibited drug, possession of prohibited drugs and dealing with the proceeds of crime. In a sophisticated operation, Holloway would deliver to customers in the Aldi car park their choice of ecstasy or LSD later that night if they put in orders by midafternoon. At a sentencing hearing in September, he told the court he was a middleman between a much more significant dealer and those wanting drugs. He said he had no control over who the customers were and rather than taking a cut of the lucrative takings was simply paid a regular flat rate for his … [Read more...] about Jesse Lindsay Holloway sentenced to two years jail for supplying drugs