(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 26. Fresh water reserves
are seriously decreasing in Azerbaijan, Spokesman for Azersu OJSC
Anar Jabrayilli said at a briefing, trend reports.
According to Jabrayilli, complex measures are currently being
taken in this regard.
"Following the decision of the Chairman of the State Water
Reserves Agency (Hikmat Mammadov), an action plan has been
elaborated. In accordance with the plan, special groups have been
created for each district, which began their activities on May 1.
They are monitoring plants, factories and other facilities,
investigating the facts of uncontrolled and illegal use of water,"
From 2014 until 2020, the volume of water in the Kura river, one
of the biggest rivers in Azerbaijan, decreased by 25 percent.
In 2021, the country's total water resources amounted to 24
billion cubic meters, of which 15 billion cubic meters accounted
for surface, and nine billion cubic meters - underground
A total of 11 billion cubic meters of water enter Azerbaijan
from outside, and four billion cubic meters are formed on the
territory of the country, which indicates to gradual decrease of
local water resources.
Over the past 20 years or so, their volume has decreased by 15
percent mainly due to the increase in air temperature in recent
years. Of the total water resources of Azerbaijan, five billion
cubic meters fall on the liberated territories.
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(MENAFN- UkrinForm) The President of Ukraine, Volodymyr Zelensky, held a meeting with military officials regarding the defense of the southern part of the country.
President of Ukraine Volodymyr Zelensky mentioned this during a video address, as reported by Ukrinform.
"I held a very substantive, detailed meeting with the military, specifically regarding operations in the south. We discussed what is necessary, and agreed on goals. We clearly see priorities in communication with partners regarding supplies," stated the head of state.
As reported by the Office of the President, Volodymyr Zelensky listened to reports from the commander of the operational-strategic grouping of troops Khortytsia operational-strategic group "Odesa," Andriy Hnatov, the commander of the Marine Infantry of the Armed Forces of Ukraine Yuriy Sodol, and talked with the commanders of marine infantry brigades and territorial defense units performing combat missions in the Kherson direction.
Civilian killed as Russians shell suburbs of Kherson
The operational situation on the left bank of the Kherson region, the course of military operations, the future plans of Ukrainian defenders, and their immediate needs were discussed. In particular, there were talks about providing additional drones and reinforcing the frontline air defense.
For personal bravery and selfless actions demonstrated in defense of the state sovereignty and territorial integrity of Ukraine, the head of state awarded military personnel with the 'Cross of Military Merit' of the President of Ukraine, as well as the orders of Bohdan Khmelnytsky of the III degree and 'For Merits' of the III degree. Due to the security situation, Volodymyr Zelensky handed over part of the awards to the commanders of military units for presentation at their place of service.
As reported by Ukrinform, during a working trip to Kherson, the President of Ukraine received a report on the construction of shelters.
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Poonch Encounter: Jailed Militant Killed, 3 Forces Personnel Injured
(MENAFN- Kashmir Observer) Srinagar: A jailed militant, under police escort, was killed and two police and one Army personnel injured after being ambushed yet again in the ongoing encounter in Poonch's Bhata Durian area were injured after coming under heavy fire from militants, officials said. Jammu-based defence spokesperson Lt Col Devender Anand confirmed the development to Kashmir Observer. "The contact was established early morning, the firing is going on presently and nothing further can be said." The forces were ambushed after a team of police and army personnel were escorting the jailed militant - identified as Zia Mustafa, a resident of Rawlakot in Pakistani side of Kashmir - to the site for the identification of a hideout in Nar Khas area of Mendhar. Two weeks ago at least nine Army soldiers, including two Junior Commissioned Officers, have so far been killed in the deadliest and longest gunfight of this year. “During the search when the team approached the hideout, militants again opened fire on a joint team of police and army personnel in which two policemen and an army jawan sustained injuries. Mustafa also sustained injuries and he could not be extracted from the site due to heavy fire”, officials told a local news agency. Global News Service reported that the body of the militant was recovered later today. Anand passed the buck for security lapse onto the police. Superintendent of Police Vinod Kumar didn't respond to phone calls when contacted.
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UAE- IDA promotes Chinese insurance and financial sector
(MENAFN- Khaleej Times)Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum Deputy Ruler of Dubai recently attended the inauguration ceremony of the 10th International Dragon Award Meeting (2015 IDA Annual Meeting) which is being held for the first time in the region.
The event which concludes on August 25 at the Dubai World Trade Centre (DWTC) was attended by Helal Saeed Almarri director general of the DTCM and CEO of the Dubai World Trade Centre (DWTC) and Chang Hua the ambassador of China to the UAE and other dignitaries. Issam Kazim CEO of the Dubai Corporation for Tourism & Commerce Marketing welcomed the attendees and those behind the award thanking them for choosing Dubai as the headquarters for the awarding of the International Dragon Award 2015 and added that Dubai has all the ingredients to host various events and conferences thanks to the vision of its wise and ambitious leadership. The IDA Annual Meeting 2015 does not only bring thousands of delegates to Dubai but also helps to extend its image influence in the international Chinese insurance and financial services as the world's most recommended convention and tourism destination. The ceremony commenced with the screening of the short documentary film about the emirate of Dubai the International Dragon Award and displayed of the photos of the winners since the inception of the award. Richard Wu the chairman of the congress said: "The reason to choose Dubai is not only because it is one of the most attractive tourism destinations but also has a state of the art business and convention centre which is equipped with the latest facilities. There is confidence that Dubai's accessibility in terms of airlift; the number of well-designed hotels and the highest quality service standards will make the 2015 IDA annual meeting a successful business event." Wu also thanked Shaikh Maktoum for gracing the inauguration ceremony and the audience for their attendance.
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(MENAFN- GlobeNewsWire - Nasdaq)main-body-container" itemprop="articleBody">
LONDON, June 18, 2021 – Stolt-Nielsen Limited (Oslo Børs: SNI) will host a video conference to present the Company's unaudited results for the second quarter of 2021 on Thursday, July 1, 2021 at 15:00 CEST (09:00 EST, 14:00 BST).
The presentation and video conference will be hosted by:
- Mr. Niels G. Stolt-Nielsen - Chief Executive Officer, Stolt-Nielsen Limited
- Mr. Jens F. Grüner-Hegge - Chief Financial Officer, Stolt-Nielsen Limited
- Mr. Lucas Vos - President, Stolt Tankers
Those who wish to watch the live broadcast may access it here
The presentation will be published on our website:
For additional information please contact:
Jens F. Grüner-Hegge
Chief Financial Officer
UK +44 (0) 20 7611 8985
Head of Corporate Communications
UK +44 (0) 20 7611 8926
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or ''the Company'') is a long-term investor and manager of businesses focused on opportunities in logistics, distribution, and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk liquid and chemicals logistics businesses – Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and investments in LNG. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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Recipes to try
The following recipes were provided by Capt. Allen “Big Al” Sibert with the Frederick County Sheriff’s Office.
Sibert’s Best Chicken Tortilla Soup
16 ounces chicken
3 26.5-ounce cans
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(MENAFN- Kashmir Observer)
SRINAGAR- The J&K senior men's cricket team on Wednesday defeated Uttarakhand by 9 wickets at Wankhede Stadium in Mumbai to enter the pre-quarterfinal stage of the 2022 Vijay Hazare Trophy.
J&K team went into the match against Uttarakhand knowing that only a victory would seal their progression in the tournament. Winning the toss, J&K decided to bowl first. The move paid off as Uttrakhand batters were left reeling at 36/4 after 10.1 overs.
However, a resilient display from the low-order batters helped Uttarakhand post a respectable 251/6 in their allotted 50 overs. Priyanshu Khandari 97 (125), Swapnil Singh 61 (82) and Dikshanshu Negi 52 (48) top scored for the team.
For J&K, Aquib Nabi took 3 wickets, while Mujtaba Yousuf and Yudhvir Singh took 1 wicket each.
In reply, the J&K batters got off to a wonderful start with the opening pair of Vivrant Sharma 154* (124) and Shubham Khajuria 71 (90) striking an 182 run opening partnership in 34.3 overs. Henan Nazir contributed 24 (41) to seal the match in J&K's favour.
J&K will now face Kerala on November 26. The match will be played at Gujarat College Ground in Ahmedabad.
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(MENAFN- Yolo Wire) The price of %Gold has risen above the $2,300 U.S. per ounce mark for the very first time, hitting an all-time high in the process.
Gold's price continues to march higher on prospects for lower U.S. interest rates and as central banks around the world increase their stores of bullion.
On April 3, U.S. Federal Reserve Chair Jerome Powell said that the strong American economy and stubborn inflation had not altered the overall picture for monetary policy moving forward, sending the price of gold higher.
Spot gold is currently trading at a record high of $2,307.30 U.S. an ounce.
Futures traders are currently pricing in a 52% chance that the American central bank will start cutting interest rates in June of this year.
Gold benefits when interest rates fall as it reduces the opportunity cost of holding bullion.
At the same time, central banks have been increasing their holdings of gold, which is viewed as a safe haven asset in times of geopolitical turmoil.
Central banks have been buying more gold with military conflicts raging in the Middle East and Ukraine.
By some estimates, central bank buying has driven up the price of gold by more than 25% in the last six months.
Other precious metals have also seen their prices rise in recent months. Silver's price is currently at $26.98 U.S. per ounce, its highest level since June 2021.
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(MENAFN- IANS) Mumbai, Feb 21 (IANS) Ameen Sayani, the iconic radio personality, passed away at the age of 91 due to cardiac failure. He suffered a heart attack on Tuesday evening after which he rushed to HN Reliance Hospital in Mumbai.
He reportedly suffered a heart attack on Tuesday at 6:00 p.m. The doctors at the hospital tried to treat him but he was declared dead after the revival attempts didn't yield a positive result. Ameen had been suffering from high blood pressure and other age-related ailments for some time. He also had back issues owing to which he used a walker.
He achieved huge popularity through his radio program 'Geetmala' which has gone down as a milestone in India's radio landscape. His captivating voice and engaging style spelled a cast at the listeners cultivating fans across the country, and popularised the medium of radio which got a further boost in early 2000s as the dotcom bubble burst. His signature way of addressing listeners as "Behno aur Bhaiyo" (sisters and brothers) became instantly recognisable and widely imitated.
He produced a record number of 54,000 radio programmes and lent his voice to over 19,000 advertisements and jingles.
His voice has also been imitated in the song 'Tamma Tamma Again' from the Alia Bhatt and Varun Dhawan-starrer 'Badrinath Ki Dulhania'.
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(MENAFN- Gulf Times) The inaugural session of the International Anti-Corruption Masterclass Series (IACMA) will be held in Doha this evening under the patronage of the Rule of Law and Anti-Corruption Center (ROLACC) and in co-operation with the University of Sussex.
The main lecture, titled ‘The United Nations Convention Against Corruption Implementation Review Mechanism', will be delivered by Dimitri Vlassis, chief, Corruption and Economic Crime Branch, United Nations Office on Drugs and Crime (Vienna), and secretary of the Conference of the States Parties to the United Nations Convention against Corruption. The introduction will be given by Dr Dimitris Ziouvas, convener of IACMA, reader in Criminal Law and Compliance, University of Sussex.
Dr Ziouvas will also discuss the mission of IACMA in empowering responsible leaders, the statement notes. The lecture will give participants an opportunity to meet international law experts and find out more about the LLM programme in Corruption, Law and Governance. The LLM's professors and current students will be available for questions with regard to modules, scholarships, entry requirements and career prospects.
The session will be held at Sheraton Grand Doha Resort & Convention Hotel, Al Rayyan hall, from 5.30pm today.
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(MENAFN- Khaleej Times)
Published: Mon 3 Oct 2022, 5:21 PM
Sri Lions displayed their strength as an all-round team while defeating Karwan Cricket Club by 101 runs in the first quarterfinal of the 47th Bukhatir League on Sunday at the Sharjah Cricket Stadium.
Having made 277 all out in 48.1 overs, the Lions restricted Karwan Cricket Club to 176 in 40.3 overs.
Waruna Perera top-scored for the Lions with a brilliant knock of 71 while Suranga Patthiranahewa made 51.
Malinda Pushpakumara (3/18) and Vimukthi Kulathunga (2/25) then shared five wickets as the Lions recorded a thumping 101-run win.
Ali Khan (56) fought hard for the Karwan Cricket Club, but he did not get much support from the other end.
Twenty First Century Media Pvt Ltd (TCM) are the commercial partners of the tournament. The co-sponsors are Star Biryani, Dole Juice and Leap Sports.
Sri Lions beat Karwan Cricket Club by 101 runs.
Sri Lions 277 in 48.1 overs (Waruna Perera 71, Suranga Patthiranahewa 51, Pawantha Weerasinghe 46, Sumudi Asanka Fernando 25, Vikum Sanjay Banadara 26, Zahid 2 for 42, Ghulam Muhammad 4/37, Babar Iqbal 2/50)
Karwan Cricket Club 176 in 40.3 overs (Moazam Hayat 34, Muhammad Waqas 23, Ali Khan 56, Ameer Hamza 24, Malinda Pushpakumara 3/18, Vimukthi Kulathunga 2/25)
Player of the match: Waruna Perera
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(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 8 . The fire in the
'Sadarak' shopping center, located in the Garadagh district of
Baku, was put out, trend reports citing the Ministry of Internal Affairs
The ministry said that parts of the shopping center where the
fire broke out and the areas close to it were taken under the full
control of the police. The protection of trade facilities and goods
inside them is organized.
20:41 (GMT+4) The Ministry of Emergency
Situations continues to extinguish a fire that broke out in the
'Sadarak' shopping center located in the Garadagh district of Baku,
Deputy Minister for Emergency Situations Lieutenant-General
Etibar Mirzoev is at the scene.
20:32 (GMT+4) At about 18:22 (GMT+4), the Baku
city emergency and emergency medical care station at the
Azerbaijani Management Union of Medical Territorial Units (TABIB)
received information about a fire at the 'Sadarak' shopping center,
Four ambulances team were dispatched to the scene of the
20:04 (GMT+4) As previously reported, a fire
erupted in the 'Sadarak' shopping center in the Garadagh district
of Baku. The fire department of the State Fire Protection Service
and the corresponding forces of the Special Risky Rescue Service
arrived on scene, Trend reports.
Firefighting efforts are currently underway.
19:15 (GMT+4) The '112' hotline of the Ministry
of Emergency Situations received information about a fire at the
'Sadarak' shopping center in the Garadagh district of Baku, Trend
reports citing the press service of the Ministry.
The fire departments of the State Fire Protection Service and
the corresponding forces of the Special Risky Rescue Service
immediately arrived on scene.
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(MENAFN- KNN India)
Moglix, IIT-Kanpur join hands to revolutionize manufacturing sector with AI technology innovation
Noida, Apr 5 (KNN) Moglix, Asia's largest B2B e-commerce company has entered into an agreement with IIT-Kanpur to drive innovation in AI technology for the manufacturing industry.
The agreement has been signed with Artificial Intelligence (AI) and Innovation Driven Entrepreneurship - Center of Excellence (AIIDE- CoE) of IIT-Kanpur on their Noida campus.
Under the agreement, Moglix and IIT-Kanpur will collaborate on developing new technologies to stay ahead of the curve in the rapidly evolving field of AI and identify new opportunities for innovation under the AIIDE CoE in the field of supply chain optimisation, Product recommendation, Natural language processing, Image recognition and Predictive maintenance.
Speaking about the agreement signed, Rahul Garg, Founder and CEO-Moglix said,“We are excited to partner with IIT-Kanpur to drive innovation in AI technology for the manufacturing industry.”
“This partnership will enable us to accelerate the development of cutting-edge AI solutions and empower our customers to optimize their operations and unlock new growth opportunities,” he said.
Nikhil Agarwal, CEO, AIIDE-Centre of Excellence said,“This collaboration is an excellent opportunity for us to work with a leading industry player and contribute to the development of innovative AI solutions that will have a significant impact on the infrastructure and industrial space."
AIIDE-CoE is a domain-specific facility established with the vision to promote innovation and entrepreneurship in the field of artificial intelligence.
The centre provides a platform for start-ups to gain access to mentorship, networking opportunities, training, research and development, infrastructure, and funding opportunities.
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(MENAFN- UkrinForm) The Ministry of Economy is developing mechanisms to finance key economic sectors under the coordination of the World Bank.
The press service of the Ministry of Economy of Ukraine informs this following the meeting between First Deputy Prime Minister – Minister of Economy of Ukraine Yulia Svyrydenko and World Bank Vice President for Europe and Central Asia Anna Bjerde.
"The Government of Ukraine closely cooperates with donor countries, the European Commission, and the World Bank to ensure financing the priority economic sectors, cover the budget deficit, and develop the private sector. We expect to attract $3.1 billion, which will mobilize more than $18 billion for the economy of Ukraine. We address our foreign partners with the request to co-finance key economic sectors and coordinate projects to restore Ukraine," Svyrydenko said.
It is noted that priority directions today include the insurance of military and political risks, in particular, it is about the creation of a targeted international trust fund for reinsurance and insurance of military risks for small and medium-sized enterprises. The implementation of this project will make insurance products available, which will increase the inflow of foreign direct investment into Ukraine and mobilize domestic re-investment potential.
The parties also discussed expanding access to financing through the 5-7-9% loan program, support for export-oriented SMEs and micro-businesses, energy supply and grant support for the agricultural sector. In addition, the Government's priority is to support the processing industry. Thanks to co-financing from the state budget and a double multiplier, the cumulative effect of supporting this sector is expected to be more than $1 billion.
The parties will continue cooperating, in particular, on the basis of the Donor Coordination Platform to support recovery and reconstruction in Ukraine. The platform will enable close coordination of efforts of international donors and financial organizations, as well as transparent and accountable provision of support.
As reported, the recovery of Ukraine's economy after the end of the war unleashed by Russia will cost $411 billion, which is 2.6 times higher than the expected GDP of Ukraine in 2022.
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(MENAFN- Colombo Gazette)
Sri Lanka's Ravindu Laksiri claimed the City of Kalgoorlie – Boulder Golden Open crown, beating top seed Joseph White in the (squash) final this weekend.
Laksiri came into the Challenger 3 level competition as the tournament's No.2 seed and due to the 16-man draw not being filled, the Sri Lankan received a bye through the opening day's action.
He then played twice on the second day, winning both his quarter final and semi-final contest to reach the final on Sunday. He started with a four-game victory over Australia's Tate Zak Norris, regrouping after losing the second game of that contest to win 3-1.
The Sri Lankan then took on Mike Corren, the tournament's No.4 seed, in the semis. This time, he went two games to the good, before seeing Corren fight back to win the third 11-7. Laksiri regrouped once more, winning the fourth to advance to the final.
The final saw him face off against top seed Joseph White, who was in good form after winning the Barfoot & Thompson Auckland/Oceania Open last month.
He looked in a good position to make it back-to-back wins on Tour, going 2-1 after losing the opening game on a tie-break 14-12. Laksiri fought back through, to win the fourth game 11-8, before then taking the deciding fifth game 11-7 to claim his second win of the season. (Courtesy PSA World Tour)
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Deadly Nightclub Fire Kills 29 in Romania
(MENAFN- The Journal Of Turkish Weekly) Later edit: The number of people killed in Romanian club fire reached 29 as two more died on Sunday. Hospital sources said dozens others were in critical condition.
The Romanian government on Saturday declared three days of national mourning following the tragic deaths of people killed in a freak fire started by pyrotechnics set off during a pre-Halloween heavy metal gig. Twenty six died on Friday in the nightclub fire and three others in hospital afterwards. Of the nearly 200 injured 146 people were hospitalised for burns smoke inhalation and other injuries. The blaze started on a pillar in the Colectiv club and quickly spread to the ceiling which was covered in antiphonal material. As hundreds of partygoers rushed to the only working exit door at the venue pieces of the burning ceiling fell on the crowd. A second door was later opened but many people had already suffered burns or were in respiratory distress. Police have started an investigation into the fire and authorities have set up telephone helplines for members of the public trying to locate friends and relatives. Prime Minister Victor Ponta on Saturday asked for a thorough check of all nightclubs across the country to determine if safety requirements are being fulfilled. In a response to an appeal for blood donations by the health minister hundred of people lined up Sunday outside blood banks in Bucharest and some other centers across the country wishing to make donations to help those injured in the accident.
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(MENAFN- Investor Brand Network) Psychedelics have been subject to significantly increased attention from the medical and scientific communities in recent years due to claims of their medical efficacy against various mental health conditions. While a majority of psychedelic compounds are still illegal at the federal level and in most states, increasingly promising findings have resulted in at least 100 conferences on psychedelic research and medicine in the United States alone over the past three years.
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(MENAFN - The Conversation) Senior Lecturer, Griffith University Profile Articles Activity
Amanda Howell teaches screen studies in the School of Humanities, Languages, and Social Sciences at Griffith University, where she convenes courses in Hollywood, World, and Auteur cinemas. She is an expert on contemporary American cinema, television, and screen cultures, her research focusing on gender, genre, and screen aesthetics in a sociohistorical frame.
Currently, she is completing a monograph with co-author Lucy Baker for Palgrave entitled _Monstrous Possibilities: The Female Monster in 21st Century Screen Horror_. Focused on a varied international array of screen entertainments, this study maps the converged and rapidly changing environment of 21st century screen cultures to situate the transformed and transformative figure of the monstrous female anti-hero as one of its distinctive products
- present Senior Lecturer, Screen Studies, Griffith University
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Suspected Russian Intelligence Officer Arrested for Illegal Activity in U.S.
(MENAFN) New court documents reveal that a suspected Russian intelligence officer, who was arrested last year after allegedly trying to infiltrate the International Criminal Court, was in the U.S. gathering information on U.S. foreign policy before his cover was blown. The suspect, Sergey Vladimirovich Cherkasov, lived under the alias Victor Muller Ferreira and attended graduate school in Washington for two years. He has been charged in the U.S. District Court for the District of Columbia for acting as an illegal agent of a Russian intelligence service and faces several fraud charges.
Cherkasov was arrested last April in Brazil for fraud and has been imprisoned there since then. Russia has been trying to extradite him, claiming that he is wanted in Russia for narcotics trafficking. However, the FBI suspects that Russia is using the narcotics charges as a cover to bring their spy home.
This recent development provides additional insight into Cherkasov's activities and highlights the ongoing threat posed by Russian intelligence in the United States. The case also raises questions about the extent of Russian espionage activities and the measures being taken to counter them.
The charges against Cherkasov underscore the seriousness with which the U.S. government views illegal espionage activities. It is clear that the U.S. is taking steps to identify and apprehend foreign agents who operate within its borders. While the U.S. has a long history of espionage and intelligence gathering, the government is committed to ensuring that foreign agents are not able to operate with impunity.
As the investigation into Cherkasov's activities continues, it is likely that more information will come to light about Russia's espionage efforts in the U.S. and around the world. This case serves as a reminder of the importance of remaining vigilant against foreign threats and of the need to take strong action to protect national security.
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(MENAFN) Honda has announced a recall affecting more than three quarters of a million vehicles in the United States due to a potentially dangerous issue with the front passenger air bags. The recall spans a range of models, including popular ones such as the Honda Pilot, Accord, Civic sedan, HR-V, Odyssey, Fit, Civic Coupe, Civic hatchback, Civic Type R, Insight, CR-V, CR-V Hybrid, Passport, Ridgeline, and Accord Hybrid. Additionally, certain models from Honda's luxury brand, Acura, are also included, such as the MDX, RDX, and TLX.
The problem stems from a faulty front passenger seat weight sensor, which may develop cracks and short circuit over time, resulting in failure to deactivate the air bag when it's not supposed to deploy. These sensors are crucial for disabling the air bags in scenarios where children or small adults occupy the front seats, thereby mitigating the risk of injury.
According to documents released by the U.S. National Highway Traffic Safety Administration, Honda has reported instances where the defective sensors failed to function as intended, potentially leading to inadvertent air bag deployment. Fortunately, as of January 19 of this year, there have been no reported injuries or fatalities attributed to this issue, although Honda has received 3,834 warranty claims related to the problem between June 30, 2020, and January 19, 2024.
Owners of the affected vehicles will be notified starting March 18, with Honda offering to replace the faulty seat sensors at no cost. This proactive approach aims to address the safety concerns and ensure the proper functioning of air bag systems in these vehicles, thereby enhancing overall safety on the road.
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(MENAFN - Baystreet.ca) Stocks edged higher on Tuesday, rebounding from a rough week, as investors digested results from the new earnings season as well as signals for another big stimulus and faster pace of vaccine distribution ahead.
The Dow Jones Industrials came off their morning highs, but were still favourable 63.35 points to 30,877.61.
The S&P 500 strengthened 14.1 points to 3,782.29
The NASDAQ acquired 82.25 points to 13,080.61.
Shares of Goldman Sachs erased earlier gains and last traded 1.5% lower as traders took profits after the bank topped expectations for fourth-quarter profit and revenue. The blowout results came on the back of strong performance from its equities traders and investment bankers.
Bank of America dipped 1% after the bank posted quarterly revenue that missed expectations. Earnings came in slightly ahead of estimates, however.
The first week of earnings season saw a historically high proportion of beats with 88% of the S&P 500 companies that reported exceeding EPS estimates, according to Bank of America.
While the earnings cycle started out strong, many on Wall Street believe fourth-quarter earnings have been priced in and the market is focused on the 2021 outlook and the ultimate size of fiscal stimulus that would translate into profit growth.
Janet Yellen, President-elect Joe Biden's designated nominee for Treasury Secretary and a former chair of the Federal Reserve, will appear before the Senate Finance Committee on Tuesday. Yellen's prepared remarks call for the federal government to enact a large stimulus to help the economy.
The U.S. stock market was closed on Monday in honour of Martin Luther King Jr. Day.
Prices for the 10-Year Treasury gained ground, dropping yields to 1.09% from morning's 1.11%. Treasury prices and yields move in opposite directions.
Oil prices gained 69 cents to $53.05 U.S. a barrel.
Gold prices hiked $10.90 to $1,840.80 U.S. an ounce.
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Marlow at Maritime Cyprus 2015
(MENAFN- MENAFNPress) Marlow Navigation Maritime Cyprus 2015
LIMASSOL Cyprus - Sept. 18 2015 - PRLog -- Marlow Navigation participated at the 14th Maritime Cyprus conference held in Limassol 13-16 September 2015.'The Maritime Cyprus conference is an important platform for establishing and strengthening relationships within the industry and of course for promoting Cyprus as a key maritime centre particularly in crew and ship management services' states joint Managing Director Marlow Navigation Andreas Neophytou.'This year's conference has been one of the most successful ever for Marlow Navigation. Together with our new global branding efforts re-affirming our company's leading position. We would like to thank all for visiting us during the event especially our international delegation and look forward to continued partnership' he adds.The Maritime Cyprus conference is a biennial event operating as a forum where major and current issues to the international shipping community are discussed. This year's event attracted more than 700 participants from around 35 countries. Among them experts and representatives of intergovernmental organisations such as the Secretary General of the International Maritime Organisation (IMO). The conference was officially opened by H.E. the President of the Republic of Cyprus Nicos Anastasiades.The theme this year was 'Game Change' with a focus on geopolitical developments and their effect on global shipping. Issues that were discussed at the conference included policy and regulatory matters and the forthcoming changes in the international shipping scenery economic matters environmental matters and their interaction with technology geopolitical and energy developments and forecasting for the recovery of the economy and for the freight markets.'The shipping industry is a vital pillar in the Cyprus economy stable and resilient as well as an important hub for the wider European maritime sector. Events such as Maritime Cyprus help ensure its continued growth' concludes Neophytou.
Media ContactMarlow Navigation+357 25 882 588***marlow-navigation.com--- End ---
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(MENAFN- Jordan News Agency)
Amman, Jan. 15 (Petra)- The agricultural sector is see a 'qualitative' leap that began this year with a hike in the ministry's allocations, as its capital expenditures amounted to JD30 million for the first time, Minister of Agriculture, Khaled Hneifat said in his interview with 'Petra' on Saturday.
As the key future step, the minister referred to to the comprehensive agricultural development plan, which aims to increase the gross domestic product of the agricultural sector during the next four years.
The plan, he noted, will create about 8,000 permanent jobs annually, which will contribute to reducing poverty, promoting development, and increasing the empowerment of rural women working in agriculture, by supporting their production projects.
On the sector's investment opportunities, Hneifat said about 36 investment opportunities will be offered in the two basins of Al-Hammad and Al-Sarhan, which are not water drained, and can supply agricultural projects with approximately 25 million cubic meters of water.
The investment should be within the ministry's parameters to support the sector for the purposes of exporting, manufacturing or cultivating crops that 'do not harm the Jordanian farmer, whose interest is a ministry priority,' according to Hneifat.
Investment will be made in the food industries by establishing three factories in the southern Jordan Valley, especially for drying and producing tomato paste, he noted.
On the mechanism of supporting Jordanian farmers, Hneifat pointed to an increase in the budget of the agricultural lending portfolio, which rose in 2021 from JD70 million to JD100 million, adding that JD35 million were disbursed in the form of interest-free agricultural loans, which created about 700 permanent jobs.
The same program will be be implemented in 2022, but with intensified monitoring to provide assistance for 'real and successful' projects and avoid supporting any ghost enterprises, or fake livestock possessions, which amounted to 40 percent of the farmers who received aid without owning herds and duped the ministry in this regard, he noted.
Hneifat added that focus will be on 'successful' projects that provided job opportunities in the farming sector, especially those run by young farmers, who received about JD5 million of the ministry's allocations, noting their projects 'achieved leadership and success' and created many job opportunities.
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Saudia Launches Flights To Seoul
(MENAFN- Bangladesh Monitor)
Jeddah : Saudi Arabian Airlines (Saudia) has launched flights to Seoul, South Korea on August 16, 2022.
The airline operates the route with Boeing 787 Dreamliner aircraft configured in two classes with 24 flat-bed seats in Business Class and 274 seats in Guest Class.
The plane features inflight television screens in every seat with up to 5,000 hours of entertainment available to watch.
Flight SV898 is scheduled to leave Jeddah (JED) at 01:00 with a quick stop in Riyadh (RUH) before arriving at Incheon International Airport (ICN) at 19:50.
The return leg, flight SV899, is timed to depart Incheon at 21:40, arriving in Riyadh at 02:10 and Jeddah at 04:45 the following day.
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(MENAFN) On Wednesday, Russia alleged that it had uncovered evidence suggesting Ukrainian involvement in orchestrating the deadly attack on a Moscow concert hall at the end of last month, resulting in the deaths of 144 individuals and injuring over 550 others.
According to a statement from the Russian Defense Ministry, Defense Minister Sergey Shoygu engaged in a phone conversation with his French counterpart Sebastien Lecornu, following an urgent request from the French side. During the call, Lecornu extended condolences for the tragic incident at Crocus City Hall on March 22.
The attack, which occurred in Krasnogorsk, Moscow Oblast, involved gunmen opening fire on attendees at the Crocus City Hall. Russia has brought charges against four individuals directly implicated in the attack, all of whom have been apprehended, along with an additional seven suspects.
Nevertheless, the French defense minister obstinately “tried to convince that Ukraine and Western countries were not involved in the terrorist attack, shifting the responsibility to the Islamic State (Daesh/ISIS),” the statement mentioned.
The statement indicated that Shoygu emphasized the ongoing investigation into the attack, asserting that all individuals accountable would face consequences. It further stated that "there is information about Ukraine's trail in the organization of the terrorist attack."
“The Kyiv regime does nothing without the approval of Western curators. We trust that in this case, French special services are not involved in it,” the Russian defense minister was cited as saying in the statement.
The statement further highlighted that Shoygu cautioned against the deployment of French soldiers to Ukraine, emphasizing potential complications for Paris. He reiterated Moscow's readiness to engage in peace negotiations with Kyiv, suggesting that “the starting points could be based on the Istanbul peace initiative.”
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(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 5
By Fatih Karimov – Trend:
Iran's oil exports to Japan (including gas condensates) in September 2017 decreased by 31 percent year-on-year and reached 6.467 million barrels.
Compared to the preceding month, the figure indicates an increase by 94 percent, Japan's ministry of economy, trade and industry said.
The figure includes 1.003 million barrels of condensates exported from Iran's South Pars gas field.
Iran was Japan's fifth oil supplier after Saudi Arabia, the UAE, Kuwait and Qatar, with a share of 6.8 percent in September 2017, while the country supplied 9.7 percent of the Asian country's oil demand in September 2016 (9.4 million barrels).
Saudi Arabia exported 35.379 million barrels of oil to Japan in September (37.2 percent of the country's total crude imports.)
Iran's oil exports to Japan reached 83.94 million barrels in the fiscal year of 2016, which is a 38-percent increase compared to the preceding year.
Iran supplied 7 percent of Japan's oil demand in 2016.
Iran's oil exports increased by 1 million barrels per day (mb/d) last year to 2.42 mb/d and the figure would increase to 2.5 mb/d in 2017 and 2.59 mb/d in 2018, IMF previously said in a report.
Iran's oil and condensate exports amounted to 2.6 mb/d in September 2017, the country's oil ministry said recently. The country exported 2.25 mb/d of oil to Asian and European markets in the mentioned period. China, India, South Korea and Japan imported more than 1.9 mb/d in September, highest level since March 2017.
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(MENAFN - The Conversation) I am a historian and Associate Professor in the Department of History at Carleton University. My research explores the entangled history of migrants, refugees, humanitarians and state authorities in shaping the possibilities and experiences of refuge. I am the author of Elusive Refuge: Chinese Migrants in the Cold War (Harvard, 2016) and co-editor of Dominion of Race: Rethinking Canada's International History (UBC, 2017). My work has appeared in a number of journals including the Journal of Refugee Studies, Refuge and the Canadian Historical Review and I also contributes regularly to print, visual and social media, including www.activehistory.ca. I am currently writing a history of sanctuary in Montreal as well as conducting preliminary research on the history of refuge among First Nations in Canada.
- –present Associate Professor, Department of History, Carleton University
- 2012 University of British Columbia, PhD History
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(MENAFN- IANS) San Francisco, June 7 (IANS) Ford Motor has issued a recall notice for over 1,25,000 Escape SUVs, Maverick pickups, and Lincoln Corsair luxury SUVs because their engines could leak fluids and catch fire.
All the vehicles being recalled are hybrid or plug-in hybrid versions, plus all three models share similar engineering, reports CNN.
In a filing with the US National Highway Traffic Safety Administration (NHTSA), Ford stated that due to a manufacturing problem, the 2.5-litre gasoline engines can leak engine oil or gasoline vapour that can catch fire when they come into contact with hot parts in the engine compartment.
As the vehicles are hybrids with electric motors as well as petrol engines, someone could continue driving even after the engine fails, worsening the situation, it added.
The recall applies to Escapes from 2020 to 2023, Mavericks from 2022 to 2023, and Corsairs from 2021 to 2023, the report mentioned.
Last year, the majority of these vehicles were recalled due to the same problem.
In March, Ford issued a recall notice for 18 electric F-150 Lightning pickup trucks with faulty battery cells that caused at least one truck to catch fire.
On February 4, a fire broke out in a holding lot during a pre-delivery quality check while the vehicle was charging. Ford halted production and issued a stop-shipment order to dealers.
According to Ford, the "root cause" of the problem was at the Georgia plant of South Korean battery supplier SK On.
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(MENAFN- Colombo Gazette) Six artefacts returned to Sri Lanka by the Netherlands will be placed on public display at the Colombo National Museum from 5 December.
A significant milestone in the intricate tapestry of international relations was woven as a collaborative research endeavour that bridged the historical gap between Sri Lanka and the Netherlands.
Six remarkable artefacts, long ensconced in the renowned Rijksmuseum collection in the Netherlands, underwent meticulous scrutiny, leading to a revelation that would reshape the diplomatic landscape between these two nations.
In a historical development, six rare Kandyan artefacts have returned to Sri Lanka after over two centuries.
These precious items, including golden and silver kasthãné, a golden knife, two maha thuwakku or wall guns, and Lewke Disave's cannon, were originally acquired as war booty by the Dutch East India Company in 1765 during the siege of the Palace of Kandy. Accordingly, they will be displayed for the public in the special exhibition gallery at the Colombo National Museum from 5 December onwards.
The journey to reclaim these invaluable pieces began with collaborative international provenance research conducted in April 2022, confirming their Sri Lankan origin. A diplomatic request from Sri Lanka's Minister of Buddhasasana, Religious, and Cultural Affairs, Vidura Wickramanayake, was instrumental in this process.
Mrs. Sanuja Kasthuriarachchi, the Director General of the Department of National Museums, explained,“This historic return underscores the importance of international cooperation in preserving cultural heritage and fostering knowledge sharing and education.”
The research, conducted under the Pilot Project Provenance Research on Objects of the Colonial Era (PPROCE) serves as a landmark in provenance studies. The artefacts return and the ensuing cultural cooperation between Dutch and Sri Lankan institutions mark a significant step toward future collaborations and returns of Sri Lankan treasures. (Colombo Gazette)
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(MENAFN) Cenero, a leader in audio visual, unified communications and IT solutions, today announced it has acquired Avectus, an AV systems integration company located in Lebanon, NJ.
"We are excited to partner with the great team at Avectus as we merge our capabilities to offer superior collaborative solutions to an expanded client base," said Chris Henry, CEO of Cenero.
"Combining our companies creates a world-class, service-focused AV and managed services provider offering higher value services for clients and more opportunities for employees. Cenero will build on the already exceptional services Avectus currently provides their clients with our tailored suite of managed services as well as our robust infrastructure and software solutions. We do not expect to make any changes to the local operations; current Avectus clients will continue to be supported by the strong team they have always relied on to provide innovative and collaborative meeting experiences."
"We look forward to leveraging the strengths of Cenero to offer our clients additional services and technologies on a global scale," said Will Rush, President of Avectus. "We are well positioned for continued growth as a top 25 integration provider. Together, we form a strong company with an outstanding culture and committed employees who are dedicated to providing outstanding service to our clients."
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(MENAFN- EIN Presswire) SYDNEY, AUSTRALIA, September 18, 2023/EINPresswire/ -- Adenza today announced that Macquarie Group's Commodities and Global Markets Group (CGM), has engaged Adenza's Cloud Services as a platform for its equity derivatives and trading business.
Macquarie Group's CGM unit provides an integrated offering to clients across global markets including equities, fixed income, foreign exchange and commodities. Adenza's Calypso currently supports CGM's equity derivatives and trading business with its trade capture and post-trade processing services.
Under the engagement, CGM's current Calypso functionality will be migrated to Adenza's CapCloudTM, providing the business with a trade capture and post-trade processing platform.
CapCloudTM is designed to improve agility and time to market for new product rollout and updates while managing settlement systems.
The platform provides direct control over non-production environments, flexibility to build and maintain custom code natively within the SaaS environment, and access to Adenza's global resources and expertise.
“This move is part of our cloud-first strategy to enhance the speed and flexibility of our platform, and ultimately outcomes for clients.”
- Mili Porumbel, CGM's Global Head of Equity Derivatives and Trading Post Trade Technology
“As well as the CapCloud platform, the business will have access to CapCloud's SaaS rebase service, and the ability to leverage our expertise to drive upgrade/rebase projects and adopt a proven test automation framework to ensure the platform is continuously updated in order to enable future consolidation and speed up time-to-market for new initiatives.”
- Strath Lanyon, Global Head of Cloud Services, Adenza
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(MENAFN- Khaleej Times) Published: Tue 23 May 2023, 9:06 PM
Last updated: Tue 23 May 2023, 10:17 PM
Moments of sincerity and dedication were captured today as the President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, met His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of the Dubai.
The leaders came together at the Qasr Al Bahr majlis for a meeting where the wellbeing of Emiratis was discussed. They talked about current and future initiatives - in line with the leadership's vision for the future - and programmes that contribute to achieving the goals of improving the quality of citizens' lives.
In a tweet where he shared a photo of him and the President, Sheikh Mohammed bin Rashid said: "Good meetings that bring us together on love and service to the nation.. Meetings that bring together hearts and unite efforts.."
Also present at the majlis were Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; and Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai.
Other top officials who took part in the meeting were: His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice-President, Deputy Prime Minister and Minister of the Presidential Court; Sheikh Issa bin Zayed Al Nahyan; Sheikh Nahyan bin Zayed Al Nahyan, chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation; Lt-Gen Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Zayed bin Mohamed bin Zayed Al Nahyan; and a number of sheikhs, guests and citizens.
uae president is a shining example of what it means to be a true leader
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(MENAFN) Doha Bank, one of the leading financial institutions in Qatar, has signed an agreement with Bank Al Habib Limited, one of the largest commercial banks in Pakistan. The agreement aims to provide instant, simple, and secure transaction processing services to Pakistani expatriates in Qatar.
The agreement was signed on March 13 at the Doha Bank Head Office in Doha by Gudni Stiholt Adalsteinsson, Acting CEO and Chief Treasury and Investment Officer of Doha Bank, and Qamber Ali, Divisional Head – Business Development Bank Al Habib. The officials highlighted the importance of the Pakistani community in Qatar and the commitment of Doha Bank to serve non-residents from Pakistan.
Bank Al Habib has a vast network of more than 1080 branches and sub-branches in 438 cities across Pakistan. The collaboration between Doha Bank and Bank Al Habib will enable both institutions to offer their services to a larger customer base and enhance their market position.
Qamber Ali, Divisional Head – Business Development Bank AL Habib, congratulated both institutions on this affiliation and emphasized the crucial role of Bank Al Habib in routing remittances through banking channels. Ali expressed his satisfaction in providing their services in collaboration with Doha Bank and announced that these services will be offered free of charge for customers under the Pakistan Remittance Initiative scheme.
Sheikh Abdulrahman Fahad Al Thani, Deputy CEO of Doha Bank, and Braik Ali H S Al Marri, Chief Retail Banking Officer, were present at the signing ceremony, underscoring the significance of this partnership for the two banks and their customers.
In conclusion, the partnership between Doha Bank and Bank Al Habib will benefit Pakistani expatriates in Qatar by providing them with easy access to essential financial services. This collaboration is another step towards enhancing the banking industry in the region and strengthening the relationship between the two countries.
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(MENAFN- Jordan News Agency)
Amman, Nov. 28 (Petra) -- The Middle East and North Africa Civil Society Network for Displacement (MENA CSND) in Jordan has released a commitment document, outlining its dedication to empowering refugees and host communities, aiming to enhance their adaptability and foster self-reliance.
In a statement issued on Tuesday, the network, comprising 28 members representing various sectors, including humanitarian, development, academic, research, private centers, non-governmental organizations, associations, culture, and arts, expressed its focus on broadening the scope of protection and assistance for displaced individuals and refugees. This expansion is envisioned as a more effective and comprehensive approach to supporting host communities, achieved through collaboration with humanitarian and development authorities.
The commitment document outlines proposed projects geared towards bolstering the adaptive capacity and self-reliance of refugees and host communities. These initiatives include the provision of sustainable livelihood opportunities, service support, education and learning assistance, comprehensive protection services, and the promotion of evidence-based implementation to address refugee issues and share responsibilities.
The proposed projects are designed to align with a collaborative methodology among relevant stakeholders and are consistent with Jordanian national priorities in responding to the Syrian refugee crisis and the objectives of the Global Compact on Refugees.
The document is slated for discussion during the upcoming Global Refugee Forum, scheduled to take place next month in Geneva, Switzerland. Six countries, including Colombia, France, Japan, Jordan, Niger, and Uganda, are participating in hosting this forum.
Co-hosted by the Swiss government and the United Nations High Commissioner, the forum aims to provide a platform for countries and stakeholders to announce concrete pledges and contributions, showcase advancements in refugee services, and identify future challenges and opportunities.
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ISLAMABAD:- Minister of State for Water and Power Abid Sher Ali said on Friday that the government was utilizing all available resources to eliminate terrorism in the country.
Talking to media outside the Parliament, he said, the country will be made peaceful and safe as number of steps had already been taken in this regard.
To a question he said the government would restore law and order in the Karachi with the coordination of Sindh government.
The Minister said law and order situation has much improved in the city after the targeted operation.
To another question he said the government was providing assistance to MQM leader Altaf Hussain in Landon.


(MENAFN) The Organization for Economic Cooperation and Development (OECD) has revised its global economic growth forecast for 2024 upwards to 2.9 percent, up from its previous projection of 2.7 percent in November. This adjustment follows a 3.1 percent growth in the previous year, with inflation declining more rapidly than anticipated, as highlighted in the Paris-based organization's February Interim Economic Outlook report.
The global GDP growth is expected to accelerate further in 2025, reaching 3 percent, thanks to improved financial conditions, consistent with previous forecasts.
The OECD has raised the US economic growth forecast by 0.6 percentage points to 2.1 percent for 2024, driven by robust household spending and favorable labor market conditions, while keeping it unchanged at 1.7 percent for 2025.
In the Eurozone, GDP growth is forecasted to be 0.6 percent this year and 1.3 percent next year, lower than previously estimated by 0.3 percentage points and 0.2 percentage points, respectively, due to constraints on credit availability in the near term.
China's growth forecast remains steady at 4.7 percent in 2024 and 4.2 percent in 2025, attributed to subdued consumer demand, high debt levels, and a weak property market.
Turkey's GDP is projected to grow by 2.9 percent in 2024 and 3.2 percent in 2025. Although the growth forecast for 2024 remains unchanged, it has been slightly lowered by 0.1 percentage points to 3.1 percent for 2025.
The OECD predicts that inflation will return to target levels in most G20 countries by the end of next year, with headline figures dropping from 6.6 percent this year to 3.8 percent in 2025. Core inflation in G20 advanced economies is expected to ease to 2.5 percent this year and 2.1 percent next year.
However, the OECD cautioned that growth might be weaker than expected if the lingering effects from past policy rate hikes prove to be stronger than anticipated.
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(MENAFN- Daily News Egypt) In 19% of cases, civil servants caught accepting bribes were left uninvestigated, with another 41 % of investigations opened but not concluded, according to a World Bank statement issued Friday.
The statement added that Egypt's problem in fighting corruption is not the lack of regulations needed to crack down on corruption but that the country failed to enforce them, leaving civil servants rarely punished.
Corruption has a negative impact on development, creating obstacles to growth and causing particular harm to the poorest, the statement mentioned.
The World Justice Project (WJP) Rule of Law Index of 2014 indicated a shift in public concern, however, from public corruption to the lack of constraints on government powers, the statement added.
Research by Egyptian institutes and the World Bank in 2009 illustrated the public's complicity. The vast majority of Egyptians believed that paying a bribe or even a tip for services rendered, virtually guaranteed the delivery of a public service or resolved a problem they had with the government, particularly in urban areas.
Senior World Bank Public Sector Specialist in Cairo, Edouard Al-Dahdah revealed the huge size of the Egyptian civil service at approximately 7.2m employees. Too many government rules create too much wiggle room for discretion, with the WJP adding that Egyptian citizens and businesses find it difficult to access public services without paying bribes.
"From an economic development perspective, though, corruption halts growth. Good governance and anti-corruption are keys to the World Bank's goals of reducing the amount of poverty in the world," said Al-Dahdah.
He added that the World Bank focuses on internal organisational integrity, minimising corruption on projects it funds, and assisting countries in improving governance and controlling corruption.
"Egypt's recently announced national strategy will be run by the National Coordination Committee for Combating Corruption," added Al-Dahdah, "The committee is composed of members drawn from a range of government agencies, and will be chaired by the Prime Minister [Ibrahim Mehleb]."
Egypt announced this new official strategy to fight corruption on the occasion of International Anti-Corruption Day on 9 December.
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(MENAFN - AzerNews) By Kamila Aliyeva
Housing prices in Kazakhstan have registered a small increase since the beginning of 2018.
The average cost of 1 square meter of new housing in Kazakhstan amounted to 263,098 tenge ($823.05) in March 2018 showing an increase of 1 percent compared to the previous month, according to the Committee on Statistics under the Kazakh National Economy Ministry.
The price hasrisen by 1.1 percent compared to December 2017.
The average resale price of 1 square meter of well-maintained housing in March stood at the level of 185,836 tenge ($581.35), thus showing a decrease of 0.1 percent compared to the previous month and 0.1 percent increase compared to December last year.
The resale price of 1 square meter of ill-equipped housing averaged to 115,007 tenge ($359.78) that is 0.6 percent higher than in the previous month and 0.4 percent more than in December 2017.
The average rental price of 1 square meter of well-maintained housing in Kazakhstan last month amounted to 1,338 tengethat is 0.2 percent higher than in the previous month and 0.7 percent higher than in late 2017.
As many as 239,600 deals for housing purchase and sale were concluded in Kazakhstan during 2017 showing an increase of 26 percent compared to 2016.
Previously, Kazakhstan has experienced a sharp decline of the real estate market due to adverse external conditions. Devaluation of the national currency, along with a decrease in real wages and purchasing power affected the demand side, while slight overinvestment and high exposure to currency risks shocked the supply.
The Kazakh government is committed to resolving current issues on the real estate market with massive programs, which aim to provide affordable housing, including rental, refinancing foreign currency mortgages and stimulating construction of infrastructure for individual housing construction.
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(MENAFN- Baystreet.ca) OPEC+ To Cut Oil Production By Two Million Barrels A Day
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has announced
plans to reduce oil production by two million barrels a day starting this November.
The decision has drawn strong criticism from the U.S. and other countries that had been calling
on OPEC+ to pump more oil to help the global economy heading into winter.
However, OPEC+, meeting in-person in Vienna for the first time since 2020, has chosen to cut
production in order to raise oil prices that have fallen in recent months.
The production cut represents a reversal in policy. OPEC+ had cut its output by a record 10
million barrels a day in early 2020 when demand plummeted due to the pandemic.
The oil cartel has since gradually ramped up its production, albeit with some OPEC+ countries
struggling to fulfill their quotas.
Oil prices have fallen as low as $80 U.S. a barrel in recent weeks from more than $120 U.S. in
June amid growing fears of a global recession.
The production cut for November is an attempt to reverse the slide in oil prices and comes
despite repeated calls from U.S. President Joe Biden for OPEC+ to pump more oil to lower fuel
prices ahead of upcoming midterm congressional elections.
Brent crude oil, the international benchmark, was trading at $92 U.S. a barrel in London trading,
up 1.1% on news of the production cut. West Texas Intermediate (WTI) crude oil, the U.S.
standard, was trading at $87 U.S., up about 1%.
OPEC+ is scheduled to hold its next meeting on December 4.
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(MENAFN- Colombo Gazette)
Sri Lanka says the Rwanda Defense Force (RDF) has performed beyond expectation within the last 23 years after the 1994 genocide, KT Press reported.
At the start of a 12 day visit in Rwanda, a 16 member delegation from Sri Lanka's Defense Service Command and Staff College (DSCSC) said that in the aftermath of the genocide that claimed more than a million Tutsi, RDF was organized to become a very professional army.
'It is exactly reintegration; how they are progressing, how they amalgamated the army, air force and other forces. They (RDF) are doing a great job for the benefit of the nation as they rebuild reconciliation in rebuilding the nation,' said Col GMCKB Ekanayake, head of the delegation.
Ekanayake said his country also underwent a calamity and thus needs to learn from Rwanda's recovery.
'We are also rebuilding our country and have a reconciliation process we hope that this will be a very good ingredient for us to incorporate in our country. It is really a unique experience for us.'
Ekanayake also said he is grateful for RDF participation in activities aimed at improving Rwandans' wellbeing.
RDF conduct the Army Week every year where dozens of thousands get treated of several diseases. They also build several infrastructure of common interests like schools, hospitals and roads.
Brig .Gen. Ferdinand Safari in charge of planning in RDF said that Rwanda has been receiving study visits by senior staff colleges from different countries that come to learn from RDF's experience.
'Sri Lanka is known for participating in peace keeping missions. We meet very often in peace keeping activities and this is a good opportunity for them to witness what we do from the source,' he said.
Brig. Gen. Safari said that RDF has good partnership with Sri Lanka defense force especially in terms of training. Currently, 20 RDF officers are undergoing training in engineering in Sri Lanka. (Colombo Gazette)
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(MENAFN- Baystreet.ca) Dow Staggers 400, NASDAQ off 300+
Stocks slumped Thursday, giving back some gains from the prior day's rally, as a decline in Apple shares weighed on the major averages.
The Dow Jones Industrials dumped 446.14 points, or 1.5%, to break for lunch at 29,237.60
The S&P 500 parted with 78.33 points, or 2.1%, to 3,640.96.
The NASDAQ Composite flopped 328.86 points, or 3.1%, to 11,687.85.
The selloff was broad-based with just three stocks in the S&P 500 trading higher at one point during the session. There are now six gainers in the broader market index.
Apple shares fell more than 4% after Bank of America downgraded the tech stock to neutral from buy, and slashed its price target, citing weaker consumer demand for the iPhone maker.
Wednesday's rally put the major averages on pace for a losing week and their worst month since June. The NASDAQ is leading the monthly losses, down about 9%, while the Dow looks to lose 7% and S&P is on pace to close 7.7% lower.
A stronger-than-expected jobless claims report didn't help sentiment, building on the notion that the Federal Reserve will keep doing aggressive rate hikes to fight inflation without concern it's going to hurt the labour market.
Treasury prices regained lost ground, lowering yields back to Wednesday's 3.73%. Treasury prices and yields move in opposite direction.
Oil prices gained 50 cents to $81.63 U.S. a barrel.
Gold prices inched forward $1.90 to $1,671.90 U.S. an ounce.
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(MENAFN- The Peninsula) The Peninsula
Doha: As part of Woqod's ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel opened Umm Bab petrol station, on Wednesday, September 28, 2022.
The new Umm Bab petrol station is spread over an area of 14500 square meters and has 3 lanes with 6 dispensers for light vehicles and 3 lanes with 3 dispensers for heavy vehicles and busses, which will serve the Umm Bab and its neighborhood.
Woqod's Managing Director & CEO, Saad Rashid Al Muhannadi, said:“We are pleased to open a new petrol station in Umm Bab, Woqod aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. Woqod team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project.”
Umm Bab petrol station offers round-the-clock services to residents and includes Sidra convenience store, manual car wash, oil change and tyre repair, for light vehicles, and the sale of LPG cylinders“SHAFAF”, in addition to the sale of gasoline and diesel products for light and heavy vehicles and buses.
It is worth noting that Woqod is currently overseeing the implementation of six new fuel stations, most of which are expected to be operational in the fourth quarter of 2022.
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(MENAFN- The Peninsula) AP
MUMBAI, India - Punjab Kings notched a consolation five-wicket win over Sunrisers Hyderabad in its last Indian Premier League game on Sunday.
Liam Livingstone smashed an unbeaten 49 off 22 balls and was dropped twice as Punjab raced to 160-5 with more than four overs to spare.
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Left-arm spinner Harpreet Brar picked up 3-26 in the middle overs that earlier restricted Hyderabad to 157-8 in its 20 overs.
Opening batsman Abhishek Sharma top-scored with 43 before Livingstone plucked a good catch on the edge of the boundary in Brar's second over.
Punjab ended the season in sixth place with 14 points from 14 games. Hyderabad, which won five of its first seven league games, could win only one more and ended up with 12 points.
Gujarat Titans will take on Rajasthan Royals in Qualifier 1 on Tuesday. Lucknow Super Giants will meet Royal Challengers Bangalore in the eliminator on Wednesday.
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(MENAFN- Trend News Agency )
Apple on Monday announced M1 Pro and M1 Max, its next chips for the Mac, Trend reports citing Xinhua .
The CPU in M1 Pro and M1 Max delivers up to 70 percent faster performance than M1. The GPU in M1 Pro is up to 2 times faster than M1, while M1 Max is up to 4 times faster than M1, the company said.
M1 Pro offers up to 200GB/s of memory bandwidth with support for up to 32GB of unified memory. M1 Max delivers up to 400GB/s of memory bandwidth and support for up to 64GB of unified memory.
M1 Pro and M1 Max also feature enhanced media engines with dedicated ProRes accelerators specifically for pro video processing. M1 Pro and M1 Max are by far the most powerful chips Apple has ever built, according to the company.
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(MENAFN- AFP) Gastronomes of the world delight. Two new types of truffle have been unearthed in Thailand's far north, scientists announced Thursday in what they called a first for Southeast Asia.
Researchers at Chiang Mai university said they had identified two brand new species and confirmed that tuber magnatum -- the same species as Italy's much sought after white truffle -- had been found in a national park surrounding Mount Suthep in northwestern Thailand.
"We confirmed that they are truffles both from their DNA and their physical look," Jaturong Khamla, one of the researchers, told AFP following the publication of their paper.
The first species, a white-coloured truffle, was discovered in 2014 and has been given the name tuber thailanddicum.
The second one, brown on the outside but with a white interior, was found in 2015 and has been named tuber lannaense.
Then in 2017 the team found another type of white truffle which DNA tests confirmed is the already known species tuber magnatum.
While foodies may be salivating at the new discovery, Jaturong said his team were more preoccupied with confirming whether the truffles were new species than whether they tasted delicious.
"The white truffle (thailanddicum) is similar to the Italian white truffle but they have a mild smell and are smaller," he said.
Jaturong said his team specialised in fungi and had discovered around 60 types of new mushroom species in the last 18 years.
But this was the first time they had identified truffles.
"These are first truffles found in a tropical climate," a press release announcing the discovery said.
Thailand's mountainous north often experiences cooler and wetter weather than the kind of year-round tropical heat experienced in the rest of the country -- conditions more suitable for growing truffles.
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(MENAFN- pr newswire) los angeles, june 29, 2023 /prnewswire/ -- frandzel robins bloom & csato, l.c.
announced today that the firm has been recognized in the los angeles times' list of top law firms in southern california.
the list profiles the 100 leading law firms in los angeles county; frandzel is also ranked as one of the top 25 real estate law firms.
"we are so proud to be recognized among some of the most esteemed law firms," said managing shareholder hemal master . "we are committed to continue providing top tier service to our clients."
for over 30 years, frandzel has built a culture of client service. the firm's attorneys and professional staff work together to accomplish our clients' goals-whether closing a deal, litigating a dispute, or providing counsel-the success of its clients is the firm's measuring stick.
is a recognized leader offering legal counsel and litigation services to financial institutions and businesses. for over three decades we've been providing our clients with time-tested results and business insights to help them succeed. we are known for our highly responsive service, lasting client relationships and solutions that work.
source frandzel robins bloom & csato, l.c.
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(MENAFN- The Peninsula) AFP
Tallinn: Estonian Prime Minister Kaja Kallas on Tuesday slammed Russian "scare tactics" following Moscow's move to declare her and several other European officials "wanted" over their alleged involvement in the destruction of Soviet-era memorials.
Estonia, Latvia and Lithuania, all former Soviet republics, have been removing Soviet-era memorials since they gained independence and the process has gained momentum following Russia's invasion of Ukraine.
On Tuesday, Russia said it had added several people, including Kallas, to its wanted list in response to the "destruction of monuments to Soviet soldiers".
"The Russian Federation's move isn't surprising because this is their usual scare tactics," Kallas said in a statement, vowing to further support war-torn Ukraine and fight "Russian propaganda".
Estonia, along with its fellow Baltic states, has been a loyal supporter of Ukraine, campaigning for more military and financial aid to the country as the Russian invasion nears its second anniversary.
Kallas called Moscow's decision "fictitious" and an attempt to "silence Estonia".
"I won't be silent, I will continue to forcefully support Ukraine and I'll stand for strengthening European defence," she added.
All three Baltic states, now members of the European Union, have sizeable Russian minorities but their relationship with Moscow, long tense, has worsened over the Ukraine conflict.
Earlier in February, Moscow summoned diplomats from the Baltics after accusing the states of trying to "sabotage" next month's Russian presidential election.
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