Syrian Opposition Coalition Arrives in Riyadh

Syria's High Negotiations Committee attends a meeting with the UN Syria envoy during Syria peace talks in Geneva, Switzerland, February 27, 2017. (Reuters)
Syria's High Negotiations Committee attends a meeting with the UN Syria envoy during Syria peace talks in Geneva, Switzerland, February 27, 2017. (Reuters)
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Syrian Opposition Coalition Arrives in Riyadh

Syria's High Negotiations Committee attends a meeting with the UN Syria envoy during Syria peace talks in Geneva, Switzerland, February 27, 2017. (Reuters)
Syria's High Negotiations Committee attends a meeting with the UN Syria envoy during Syria peace talks in Geneva, Switzerland, February 27, 2017. (Reuters)

The Syrian National Coalition for Opposition (SNC), chaired by Riad Seif, arrived in Riyadh, Saudi Arabia, for talks with Foreign Minister Adel al-Jubeir on various issues related to the Syrian crisis.

A few days earlier, Saudi Arabia reiterated its position on the Syrian war and its commitment to the Geneva 1 outcomes as a basis for a solution that ensures regime head Bashar al-Assad does not remain in power.

Member of the political committee of the SNC Hadi al-Bahra said that the meeting with Jubeir was scheduled a while ago, hinting that it had nothing to do with the minister’s recent statements, which were later denied by the Saudi Foreign Ministry.

Bahra told Asharq Al-Awsat that the agenda of the meeting will cover recent political developments in Syria, including the issue of the de-escalation zones.

He added that the meeting with Jubeir is not linked to the expanded meeting scheduled in mid-August between Syria’s High Negotiations Committee (HNC), Moscow and Cairo and hosted by Riyadh.

So far, it has not been confirmed whether representatives of the Syrian opposition who participated in Cairo and Moscow conferences will attend the Riyadh talks.

Bahra said that HNC sent separate invitations to Cairo and Moscow, but he did not confirm if they received official responses.

The HNC hopes that the anticipated Riyadh meeting will unite positions on Assad leaving power.

Bahra admitted that Syrian opposition has a lot to achieve, especially regarding the Geneva talks, adding that there are serious attempts to come out with united positions.

“The foundation of the cause is to have united positions on all issues that ensure the success of the Geneva conference,” he added.

Bahra reiterated that the HNC intends to continue with the political negotiations dealing with the core of the Syrian crisis, which is the political transition. He stressed that it does not want to repeat the mistakes committed in Yemen and other areas.

“Everyone knows the foundations of a successful political transition and how to proceed. So, we must deal with all international changes, while making sure no more time is wasted,” he explained.

Bahra stressed that Assad’s departure is one of the main conditions of the political transition.



Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
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Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)

Pinterest shares jumped more than 11% on Friday, after a strong quarterly revenue forecast allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility.

Its robust first-quarter revenue positions it alongside peers Reddit and Facebook-parent Meta, which also saw strong top-line results at a time when deepening global trade tensions have clouded the outlook for many firms dependent on marketing spend.

A shifting US trade policy coupled with escalating geopolitical tensions have sparked fears of a spike in inflation levels and a possible recession, prompting a broader pullback in consumer and enterprise spending.

However, Pinterest's focus on strengthening the effectiveness of its artificial intelligence tools for creating ad campaigns and a growing Gen Z userbase makes it an attractive destination for marketers.

"AI is helping to serve up the right type of ads for different audience segments, which ultimately means there could be a greater propensity to click on the ad if it is relevant," said Dan Coatsworth, investment analyst at AJ Bell.

Pinterest's global monthly active users rose 10% from a year earlier to 570 million in the first quarter, exceeding analysts' expectations according to data compiled by LSEG.

"We believe Pinterest's strategic focus on AI improvements and international expansion is yielding results," said Angelo Zino, senior equity analyst at CFRA Research.

Pinterest flagged a reduction in spending from Asian e-commerce retailers due to the roll-back of the "de minimis" exemption earlier this year, which led notable Chinese advertisers including online marketplace Temu and fast-fashion retailer Shein to slash ad budgets.

Barclays analysts said they expect "trends to worsen in e-commerce advertising" later this year if and when tariffs impact consumer spending.

If gains hold, Pinterest is set to add around $2 billion to its market cap.

The company trades at 14.51 times the estimates of its earnings for the next 12 months, compared with Reddit's 67.65 and Snap's 22.19.