Saudi to begin building homes in $500 billion futuristic city Neom

Agencies
January 18, 2019

Jan 18: Saudi Arabia said it will start building the first residential area in a proposed $500 billion futuristic city that’s become a symbol of Crown Prince Mohammed bin Salman’s ambitions for life after oil.

The kingdom plans to start work on Neom Bay in the first quarter this year, according to the state-run Saudi Press Agency.

The area will have “white beaches, a mild climate and an attractive investment environment,” SPA said. Phase one of the project will be completed by 2020, according to the agency.

The planned megacity, unveiled more than a year ago, is part of the prince’s grand plan to bolster non-oil revenue and attract foreign investment with eye-popping proposals to transform the economy, including two other tourism developments.

Neom is to be financed by the Saudi government, its sovereign wealth fund, and local and international investors.

The project includes a bridge spanning the Red Sea, connecting the proposed city to Africa. Some 10,000 square miles (25,900 square kilometers) have been allocated for the development of the urban area, which will stretch into Jordan and Egypt.

Critics have questioned the mega project after previous efforts to build industrial and financial cities have struggled to take off.

Construction of the $10 billion King Abdullah Financial District in north Riyadh began in 2006 but the 73-building hub remains unfinished.

Prince Mohammed, in an interview with Bloomberg in October, referred to the first phase of the project as the Neom Riviera.

“Neom city will be completed in 2025,” he said, adding without elaborating that “there are interesting partners in the Middle East and globally. Interesting names.”

A number of facilities will be opened at Neom by the end of this year, SPA reported, without providing further details. The private airport at the site will be used for commercial flights by year-end, it said.

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News Network
January 4,2025

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Eight members of the Israeli Knesset (parliament) have called upon the regime’s minister of military affairs Israel Katz to instruct the occupation army to destroy all water, food and energy sources in the Gaza Strip “to achieve the war goals.”

The letter to Katz asserted “the Israeli military’s operations were failing to achieve the political objectives set for the war”, the Israeli Haaretz daily newspaper reported. 

Despite Israel’s complete siege on the Gaza Strip and the reduction in aid being allowed into the coastal territory, the legislators said the current plans to displace north Gaza residents to the south are not being implemented “properly”.

The Knesset members urged Katz to re-examine war strategies, asserting that after besieging northern Gaza and displacing its residents, the Israeli military should destroy all energy, food and water sources in the area.

They also called for the killing of anyone who moved within northern Gaza without surrendering by waving a white flag.

The measures should not be limited to northern Gaza, they said, but extended to other regions.

They made no mention of the Israeli captives being held in Gaza, Haaretz noted.

Backed by the United States and its Western allies, Israel launched the war on Gaza on October 7, 2023, after the Palestinian resistance movement Hamas carried out Operation Al-Aqsa Flood against the Israeli regime in response to its decades-long campaign of oppression against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed at least 45,658 Palestinians, mostly women and children, and injured 108,583 others. Thousands more are also missing and presumed dead under rubble.

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News Network
December 31,2024

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From shocking sex scandals to high-profile scams and intense factional power struggles, Karnataka's political landscape in 2024 played out like a gripping thriller. The state's three dominant parties—Congress, BJP, and JD(S)—found themselves entangled in controversies, scandals, and unexpected alliances, keeping the political stage turbulent throughout the year.

Shocking Hassan Sex Scandal Hits JD(S)
The JD(S) faced a monumental crisis with the Hassan sex scandal involving its MP Prajwal Revanna. Allegations of sexual exploitation surfaced through pen drives containing incriminating videos, sending shockwaves across the nation. Revanna fled the country but was arrested on May 31 upon his return. The scandal not only embarrassed the JD(S) but also led to the party losing its stronghold in Hassan, a seat it had held since 1999.

Congress' Struggles with Scams and Infighting
The Congress, riding high after its 2023 Assembly poll victory, faced a series of setbacks. Chief Minister Siddaramaiah’s reputation as “Mr. Clean” was tarnished by allegations in the MUDA site-allotment scam, for which he is under court-ordered investigation. The Maharshi Valmiki Scheduled Tribes Development Corporation Limited scam also led to the resignation and arrest of Minister B Nagendra.

Adding to the Congress' woes, the BJP spotlighted a controversial marking of farmers' lands as Waqf properties, further intensifying the political storm. However, the Congress bounced back by sweeping three critical by-elections in Channapatna, Shiggaon, and Sandur, silencing critics and bolstering support for its flagship guarantee schemes.

BJP-JD(S) Alliance: A Rocky Path
The BJP and JD(S), forced into an alliance after 16 years, saw relative success in the 2024 Lok Sabha polls. While the BJP won 17 of the 25 seats it contested, the JD(S) secured two seats, enabling its state president H D Kumaraswamy to join the Modi 3.0 Cabinet.

However, the BJP faced its own internal strife, with factional tensions erupting after the appointment of B Y Vijayendra, son of B S Yediyurappa, as the state party president. MLA Basanagouda Patil Yatnal openly criticized Vijayendra’s leadership, earning a show-cause notice. Adding to the BJP’s troubles were sexual assault allegations against Yediyurappa and MLA Munirathna, which tarnished the party's image.

Power Tussle within Congress
Deputy Chief Minister D K Shivakumar’s ambitions for the top post grabbed headlines after a controversial interview where he hinted at an "agreement" for chief ministership. While Chief Minister Siddaramaiah denied such an arrangement, Shivakumar’s comments reignited debates about factionalism within the Congress.

Legislative Drama and Bitter Exchanges
The year ended with heated debates in the Belagavi session. The BJP cornered the Congress on the Waqf land issue, while Congress countered with statistical defenses. Tensions flared when Women and Child Development Minister Laxmi Hebbalkar accused BJP leader C T Ravi of using derogatory language against her, leading to Ravi's arrest and subsequent bail.

Karnataka in 2024 was a year of intense political drama, marked by scandals, power struggles, and shifting alliances—offering a preview of the state's evolving political dynamics in the years to come.

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News Network
January 1,2025

Udupi: In a shocking case of investment fraud, a 72-year-old man from Udupi, Karnataka, lost Rs 49 lakh after falling prey to a deceptive stock market scheme. The incident highlights the growing menace of online scams targeting unsuspecting individuals.

According to the complaint filed by Francis Castelino, an unknown individual added his son's mobile number to a WhatsApp group titled "Stock Market Navigation." The group shared stock market insights and promised lucrative returns, convincing Castelino’s son to invest. Trusting the information, the son persuaded his father to make substantial investments.

On December 30, 2024, Castelino transferred Rs 17,00,000, his wife contributed Rs 10,50,000, and their son invested Rs 21,50,000 to the bank account provided by the fraudsters. 

However, when Castelino attempted to withdraw the invested money, he and his family were pressured to reinvest further. Realizing that the promised profits and their principal amount were not forthcoming, the family approached the police for help.

A case has been registered at the Udupi CEN Police Station under Sections 66(C) and 66(D) of the IT Act and 318(4) BNS. Investigations are underway to track down the culprits and recover the lost funds.

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