Saudi Press

Saudi Arabia and the world
Wednesday, Jan 15, 2025

Greenland Court Extends Custody of Anti-Whaling Activist Amidst Global Protests, Geopolitical Tensions, and Economic Advancements

Greenland court extends custody of anti-whaling activist Paul Watson amid Japan’s extradition request. Greta Thunberg briefly detained in Copenhagen during pro-Palestinian protest; Russian-US tensions rise over Ukraine aid.
A Greenland court has extended the custody of anti-whaling activist Paul Watson until October 2 as Denmark considers Japan's extradition request. Watson, the former head of the Sea Shepherd Conservation Society, was arrested over a 2010 incident with a Japanese whaling vessel, which could lead to serious charges if he is extradited to Japan.

Meanwhile, climate activist Greta Thunberg was arrested in Copenhagen during a pro-Palestinian protest at the University of Copenhagen, advocating for an academic boycott of Israeli universities. Thunberg, alongside others, was briefly detained before being released, as the protest aligns with widespread demonstrations in the US and Europe condemning Israel's actions in Gaza and Palestinian territories.

On another front, Russian Foreign Minister Sergei Lavrov warned the United States against crossing Russia's "red lines" regarding potential long-range missile deliveries to Ukraine. Lavrov's critique highlights growing tensions, as US military aid to Ukraine includes tanks, advanced missiles, and F-16 jets, prompting the Kremlin to announce impending changes to its nuclear doctrine.

Shifting to economic news, Saudi Arabia's advancements in fintech were highlighted during a conference in Riyadh, with Vision 2030 and strategic partnerships cited as key drivers. Experts showcased the nation's transformation into a fintech hub, supported by initiatives like the Financial Sector Development Program and comprehensive 5G coverage.

Additionally, GCC banks are forecasted to maintain strong performance through 2024, propelled by a significant increase in lending and robust non-oil sector activity in Saudi Arabia and the UAE. S&P Global reports that despite the challenges, strong provisions and government support structures will ensure economic stability and resilience.

Lastly, Saudi Arabia's tech sector is expected to gain $4 billion from the adoption of generative AI by 2028, aligning with Vision 2030's ambitious goals. According to a Strategy& Middle East report, this growth will enhance R&D, streamline operations, and boost margins, aiding Saudi Arabia's transformation into a cutting-edge, data-driven economy.
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