Latest news with #SR12
UPI
5 days ago
- Climate
- UPI
Look: Escaped bison stop traffic on Washington highway
#GraysHarbor: Troopers had a very interesting morning when callers reported buffalos on SR 12/SR 8. They escaped their ranch and had to be wrangled early this morning. Luckily no animals or humans were harmed! Trooper Katherine Weatherwax (@wspd8pio) August 5, 2025 Aug. 6 (UPI) -- Traffic on a Washington state highway was brought to a halt in both directions when a herd of escaped bison found their way into the roadway. The Washington State Department of Transportation said on social media that the bison blocked traffic in both directions on Highway 12 in Elma early Tuesday morning. "This isn't Yellowstone," the post said. Trooper Katherine Weatherwax, public information officer for the Washington State Patrol's 8th District, said it was an "interesting morning" for the troopers called to wrangle the escaped bovines. This isn't Yellowstone. Owner has been contacted and sounds like they're safely off the highway. WSDOT Tacoma (@wsdot_tacoma) August 5, 2025 The bison were safely wrangled and returned to their owner's property. No injuries to humans or bison were reported.
Yahoo
12-05-2025
- Yahoo
Rio Vista Bridge in Sacramento County undergoes extended closure
( — The Rio Vista Bridge in Sacramento County is undergoing an extensive closure because of scheduled maintenance. According to Caltrans, SR-12 is closed until Monday while crews work on the roadway. It is expected to reopen at 5 a.m. Caltrans advised travelers to expect delays if traveling through the area. Alternative routes are also recommended. For more information, visit Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Zawya
14-03-2025
- Business
- Zawya
Saudi: $4.53mln fines slapped on 16 individuals and companies convicted of violating Capital Market Law
RIYADH — The Committee for the Resolution of Securities Disputes, under the Capital Market Authority (CMA), has slapped fines amounting to more than SR17 million on 16 individuals and companies for violating the provisions of the Capital Market Law. Nine officials of the Saudi Exports Development Authority were convicted and fined SR6.9 million for violations including recording misleading data in the annual financial statements for various periods and violating the Companies Law. The violations committed by the officials included recording misleading data by the executive management in the annual financial statements. This resulted in inflating the company's revenues by recognizing revenue from a deal with an institution, amounting to SR12 million, without meeting the recognition requirements in accordance with the accounting and auditing standards approved by the Saudi Organization for Certified Public Accountants (SOCPA). In other cases, a company and the three persons were fined SR4.1 million. Two convicted persons and other investors were also ordered to pay a fine of SR 5.91 million, while another convicted person was sent to jail for 90 days. The CMA explained that these actions and practices constituted manipulation and fraud, creating a misleading and incorrect impression regarding the securities of the mentioned companies. A fine of SR1.675 was imposed on the convicted Abdulrahman bin Saleh Al-Rashed, in addition to requiring him to pay SR1.252 million for the illicit gains made on his investment portfolio and SR2.261 million for the illicit gains made on the investment portfolios of his two minor children. Additionally, a fine of SR230,000 was imposed on the convicted Nasser bin Abdulaziz Al-Turki, along with an obligation to pay SR538,000 for the illicit gains obtained from his investment portfolio. Other investors were also required to pay SR1.864 million for illicit gains obtained from their investment portfolios, which resulted from the violative trades committed by Abdulrahman bin Saleh Al-Rashed. The committee convicted Ammar Salem Bakhriba, Elmar Capital, and Elmar Financial Company of violating Article 31 of the Capital Market Law and Article 5 of the Securities Business Regulations. Bakhriba engaged in securities activities, including management, by offering and managing an investment fund and receiving clients' funds for investment in that fund. Elmar Capital and Elmar Financial Company also participated in this activity by managing the fund and receiving clients' funds for investment in it, in exchange for a percentage of the invested amounts, without obtaining a license from the Capital Market Authority. The decision included imposing a number of penalties on them. Ammar Salem Bakhriba was sentenced to 90 days in prison and fined SR1 million, while Elmal Capital was fined SR1million. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
14-03-2025
- Business
- Saudi Gazette
SR17 million fines slapped on 16 individuals and companies convicted of violating Capital Market Law
Saudi Gazette report RIYADH — The Committee for the Resolution of Securities Disputes, under the Capital Market Authority (CMA), has slapped fines amounting to more than SR17 million on 16 individuals and companies for violating the provisions of the Capital Market Law. Nine officials of the Saudi Exports Development Authority were convicted and fined SR6.9 million for violations including recording misleading data in the annual financial statements for various periods and violating the Companies Law. The violations committed by the officials included recording misleading data by the executive management in the annual financial statements. This resulted in inflating the company's revenues by recognizing revenue from a deal with an institution, amounting to SR12 million, without meeting the recognition requirements in accordance with the accounting and auditing standards approved by the Saudi Organization for Certified Public Accountants (SOCPA). In other cases, a company and the three persons were fined SR4.1 million. Two convicted persons and other investors were also ordered to pay a fine of SR 5.91 million, while another convicted person was sent to jail for 90 days. The CMA explained that these actions and practices constituted manipulation and fraud, creating a misleading and incorrect impression regarding the securities of the mentioned companies. A fine of SR1.675 was imposed on the convicted Abdulrahman bin Saleh Al-Rashed, in addition to requiring him to pay SR1.252 million for the illicit gains made on his investment portfolio and SR2.261 million for the illicit gains made on the investment portfolios of his two minor children. Additionally, a fine of SR230,000 was imposed on the convicted Nasser bin Abdulaziz Al-Turki, along with an obligation to pay SR538,000 for the illicit gains obtained from his investment portfolio. Other investors were also required to pay SR1.864 million for illicit gains obtained from their investment portfolios, which resulted from the violative trades committed by Abdulrahman bin Saleh Al-Rashed. The committee convicted Ammar Salem Bakhriba, Elmar Capital, and Elmar Financial Company of violating Article 31 of the Capital Market Law and Article 5 of the Securities Business Regulations. Bakhriba engaged in securities activities, including management, by offering and managing an investment fund and receiving clients' funds for investment in that fund. Elmar Capital and Elmar Financial Company also participated in this activity by managing the fund and receiving clients' funds for investment in it, in exchange for a percentage of the invested amounts, without obtaining a license from the Capital Market Authority. The decision included imposing a number of penalties on them. Ammar Salem Bakhriba was sentenced to 90 days in prison and fined SR1 million, while Elmal Capital was fined SR1million.
Zawya
20-02-2025
- Business
- Zawya
Jafurah gas field expected to contribute $23bln annually to: Saudi Aramco CEO
RIYADH — Amin Nasser, president and CEO of Saudi Aramco, said that the giant Jafurah unconventional gas field, located in eastern Saudi Arabia, is expected to contribute $23 billion annually to the country's gross domestic product (GDP). He stressed the importance of achieving Aramco's goal of increasing gas capacity by more than 60 percent by 2030. Nasser made the remarks while addressing the seventh session of the Al-Ahsa Investment Forum 2025, organized by the Al-Ahsa Chamber of Commerce and Industry. The forum is being held under the patronage of Eastern Province Emir Prince Saud bin Naif, and in the presence of Al-Ahsa Governor Prince Saud bin Talal bin Badr. Several ministers, officials, experts, consultants, and an elite group of local and international company presidents and executives, as well as businessmen and businesswomen are participating in the two-day event. In his speech, Al Nasser stressed that Al-Ahsa is an integral part of Saudi Aramco's history. 'For decades, Al-Ahsa hosted a number of the company's most important and largest business zones. Aramco has expanded in recent years in launching giant projects and qualitative initiatives that enhance investment opportunities and generate job opportunities in Al-Ahsa, and contribute to increasing the local production and stimulate the economic cycle," he said while noting that Al-Jafurah field, the largest shale gas field being developed in the Middle East, is considered as the crown jewel among shale gas fields. Nasser said that the total investments in the Al-Jafurah project amounted to more than $100 billion over the next 15 years. "It is a very important project for Saudi Arabia in the context of Vision 2030, and also for Saudi Aramco to achieve our goal of increasing gas capacity by more than 60 percent by 2030," he said. The Aramco chief expected that the production capacity of Al-Jafurah would reach about two billion standard cubic feet per day of sales gas by 2030, saying that this will enhance Saudi Arabia's position as one of the most important gas producers in the world. Referring to King Salman Energy Park (SPARK), which is a giant industrial system, the Aramco chief said that the development of the first phase of the project has been completed. "We have succeeded in attracting more than 60 local and international investors with investments exceeding SR12 billion, and a total of direct and indirect jobs exceeding 40,000 jobs. Several factories have started actual operation, and others are on the way, and today all of Saudi Aramco's drilling and logistical support operations for all oil and gas fields in Saudi Arabia are managed from SPARK. The first and largest private dry port in the Eastern Province is also being developed with a capacity of 10 million metric tons of goods annually upon completion of all its phases," he said adding that the port will be operational in stages, starting in the second quarter of this year. Regarding Saudi Aramco's efforts to preserve the environment, Nasser said: 'Saudi Aramco has a long history of protecting the environment through qualitative projects and initiatives. We are cooperating with King Faisal University to establish a center for nature-based solutions. Research projects have also been initiated to study mangrove trees in Saudi Arabia, as part of our efforts to combat climate change and support the Green Saudi Arabia and Green Middle East initiatives.' In the context of enhancing the citizenship strategy, he confirmed that the company has launched many initiatives to create an appropriate educational environment for male and female students from various segments of society, including the project to establish the largest center for people with disabilities in the region, which is making progress and will be completed by February 2026. Saudi Aramco, the strategic partner of Al-Ahsa Investment Forum 2025, aims to highlight investment opportunities in the public and private sectors, as the forum is a platform to promote investment in Al-Ahsa, and highlight the company's role in supporting investment opportunities in the energy sector, in addition to economic development in Saudi Arabia in general and Al-Ahsa governorate in particular. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
