RIYADH // A Saudi-American dual national shot two American ex-colleagues in Riyadh, killing one and wounding the other.
The gunman, Abdulaziz Fahad Abdulaziz Alrashid, who was recently fired from a US defence contractor, was taken into police custody after being injured in a shootout with Saudi security forces, said a statement released in Washington on behalf of the Saudi embassy.
Mr Alrashid, 24, was recently dismissed from his job for drug-related issues, the statement said, citing the Saudi interior ministry.
The shooter believed that the victim he killed had turned him in for the alleged drug use, a person with knowledge of the shooting said.
The victims were employees of Vinnell Arabia, a US defence contractor supporting Saudi National Guard military programmes.
The attack took place about a kilometre from the company’s base in Riyadh, said state department spokeswoman Jen Psaki.
“We are in close contact with the Saudi government as we continue to gather details about the shooting and motive,” Ms Psaki said. “We are in the process of evaluating our security posture and will take appropriate steps to ensure the safety of all US mission personnel.”
Vinnell Arabia declined to comment. A spokesman for its parent company Northrop Grumman could not be reached.
Vinnell Arabia’s website features a recruitment video with personal accounts from former US military personnel who now work for the company – including veterans of wars in Iraq and Afghanistan.
The attack was likely to send chills through the western expatriate workforce in the kingdom, which has been on alert for possible terrorism.
In September, Saudi police said they had arrested 88 people suspected of being part of an Al Qaeda cell that was planning attacks inside and outside the kingdom.
Saudi Arabia, along with the UAE, Qatar and Jordan, are taking part in US-led airstrikes against the ISIL group and Al Qaeda fighters in Iraq and Syria. Militants have vowed revenge.
Attacks by Al Qaeda militants from 2003 to 2007 were aimed at destabilising and toppling the western-allied monarchy.
Among the most serious attacks were deadly bombings of residential compounds in Riyadh where foreigners lived in 2003.
Saudi officials responded at the time with a massive crackdown that saw many Al Qaeda operatives killed or arrested.
Others fled to neighbouring Yemen, giving birth to one of the group’s most active branches, Al Qaeda in the Arabian Peninsula.
* Bloomberg
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if you go
The flights Fly Dubai, Air Arabia, Emirates, Etihad, and Royal Jordanian all offer direct, three-and-a-half-hour flights from the UAE to the Jordanian capital Amman. Alternatively, from June Fly Dubai will offer a new direct service from Dubai to Aqaba in the south of the country. See the airlines’ respective sites for varying prices or search on reliable price-comparison site Skyscanner.
The trip
Jamie Lafferty was a guest of the Jordan Tourist Board. For more information on adventure tourism in Jordan see Visit Jordan. A number of new and established tour companies offer the chance to go caving, rock-climbing, canyoning, and mountaineering in Jordan. Prices vary depending on how many activities you want to do and how many days you plan to stay in the country. Among the leaders are Terhaal, who offer a two-day canyoning trip from Dh845 per person. If you really want to push your limits, contact the Stronger Team. For a more trek-focused trip, KE Adventure offers an eight-day trip from Dh5,300 per person.
Business Insights
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
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Health Valley
Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further
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Company profile
Name: The Concept
Founders: Yadhushan Mahendran, Maria Sobh and Muhammad Rijal
Based: Abu Dhabi
Founded: 2017
Number of employees: 7
Sector: Aviation and space industry
Funding: $250,000
Future plans: Looking to raise $1 million investment to boost expansion and develop new products