More Countries Welcome Saudi Initiative to End Yemen Crisis

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan declared the initiative on Monday. (AFP)
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan declared the initiative on Monday. (AFP)
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More Countries Welcome Saudi Initiative to End Yemen Crisis

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan declared the initiative on Monday. (AFP)
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan declared the initiative on Monday. (AFP)

Saudi Arabia’s new initiative for achieving peace in war-torn Yemen is gaining more support from world states and organizations.

UN Secretary-General Antonio Guterres on Tuesday welcomed the initiative designed to end the crisis and restart the political process.

Guterres thanked the Kingdom for backing UN peace efforts and called on all actors and stakeholders to “take this opportunity” to “facilitate an immediate agreement that brings Yemen back to a path toward peace.”

“The secretary-general welcomes all steps aimed at bringing the parties closer to a resolution in line with the efforts by his special envoy, Martin Griffiths, to secure a nationwide ceasefire, the re-opening of Sanaa airport, the regular flow of fuel and other commodities into Yemen through Hodeidah port, and move to an inclusive political process to reach a comprehensive negotiated settlement to end the conflict,” said an official statement carried by Guterres’ deputy spokesman, Farhan Haq.

France welcomed the initiative and applauded the Yemeni government’s decision to engage. It urged the Iran-backed Houthi militias to respond favorably to this proposal so that a process to end the crisis can begin, and end the suffering of the Yemeni people.

It demanded that all Yemeni stakeholders implement a ceasefire and start negotiations to achieve a comprehensive, inclusive political agreement, under the auspices of the UN.

The Russian Foreign Ministry announced on Tuesday that Moscow welcomes the Saudi initiative.

“Moscow calls for an end to the long-standing armed conflict in Yemen, in a manner that guarantees stability and national harmony of the country,” the ministry said in a statement.

Meanwhile, Mauritania’s Foreign Ministry released a statement reiterating demand for an immediate, comprehensive and lasting solution to the crisis based on the Security Council resolution 2216, the outcomes of the Yemeni National Dialogue and the Gulf initiative and its implementation mechanisms.

Japanese Foreign Minister Motegi Toshimitsu on Tuesday said that his country welcomes the initiative proposed by Saudi and stressed that Tokyo will support it.

“We ask the Houthis to make an immediate ceasefire and start a dialogue as soon as possible for a political solution,” Motegi said at a press conference in Tokyo.



Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
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Kuwait Court Concludes Major ‘Malaysian Fund’ Money Laundering Case

Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)
Kuwait’s Court of Cassation, in its final ruling, sentenced the defendants to prison terms ranging from 7 to 10 years, ordered them to return $1 billion, and fined them $500 million (Asharq Al-Awsat)

Kuwait’s Court of Cassation on Thursday concluded the country's largest money laundering case, known as the “Malaysian Fund” scandal.

The court, led by Judge Saleh Al-Muraishid, sentenced Sheikh Sabah Jaber Al-Mubarak, son of the former Prime Minister, and his associates Hamad Al-Wazzan, Bashar Kiwan, and two expatriates to 10 years in prison.

A lawyer involved in the case received a seven-year sentence.

The court also ordered the defendants to return $1 billion and collectively fined them 145 million Kuwaiti dinars (about $500 million).

The “Malaysian Fund” case involves fake transactions and forged contracts between companies in Kuwait and China. Investigators from Malaysia and the US estimate that around $4.5 billion was embezzled from the fund since 2009, implicating the former Malaysian prime minister.

Kuwait’s Public Prosecution reopened the case after a two-year pause due to lack of information.

On March 28, 2023, the Criminal Court sentenced a member of the ruling family, his associates, and two expatriates to 10 years in prison, with a lawyer receiving seven years.

They were ordered to return $1 billion and fined 145 million Kuwaiti dinars.

The original case in Malaysia dates back to 2016 when US prosecutors filed a lawsuit to recover over $1 billion allegedly tied to a conspiracy to launder money from the Malaysian sovereign wealth fund 1MDB, overseen by former Malaysian premier Najib Razak.

The funds were used to finance a Hollywood film, buy real estate, and acquire famous artworks.

In May 2020, the scandal surfaced in Kuwait after US defense officials provided information to the late Kuwaiti Defense Minister, Sheikh Nasser Sabah Al-Ahmad, revealing the involvement of several former officials in suspicious financial transactions for Chinese and Malaysian companies.

Investigations in Kuwait showed nearly $1 billion had been transferred into the account of an influential Kuwaiti figure before being rerouted abroad.

The inquiry linked a Malaysian financial expert accused in the case to the son of a former Kuwaiti Prime Minister, and they collaborated to channel the funds through intermediary companies.

On July 10, 2020, Kuwait’s Public Prosecution ordered the arrest of Sheikh Sabah Jaber Al-Mubarak and his associate in connection with the “Malaysian Fund” case.