(MENAFN- Newsroom Panama)
The National Civil Protection System (Sinaproc), will continue to monitor and monitor strong winds throughout the country, from September 25 to 27, due to the displacement of tropical cyclone IAN, which could intensify into a hurricane in less than 24 hours.
The areas under warning are: All the provinces of the country together with their maritime sectors, but with greater intensity on the Pacific slope.
Wide external cloud bands extend from this tropical cyclone, covering sectors from Colombia, and Panama to Honduras. This phenomenon can generate indirect effects in Panama, but rainy events are still expected, accompanied by winds and possible storms.
Significant rains are expected, in the mountainous regions, which will generate swollen rivers, landslides, strong winds, and floods.
In regions with soils saturated with water, falling trees, flooding, and landslides could occur.
Monitoring of the Caribbean Sea Basin continues.
Currently, the atmospheric system is located far north of Panama, but with maximum winds of 83 km/h with a tendency to increase and will continue to move towards Cuba. The entity warns about situations of caution due to detachment of roofs or falling trees. Sinaproc asks the population to try to stay aw
ay from trees at risk or from sectors prone to landslides. Avoid hiking or camping until normalcy is restored. They also ask citizens to avoid crossing rivers and ravines.
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(MENAFN- GlobeNewsWire - Nasdaq)
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(MENAFN) Chinese electric vehicle (EV) manufacturer BYD has set its sights on challenging Tesla's supremacy in the premium EV segment with the launch of its latest offering, the Sea Lion 07 SUV. Unveiled at the Guangzhou Auto Show, the fully electric SUV is part of BYD's new premium Sea Lion brand and is strategically positioned to compete directly with Tesla's Shanghai-made Model Y.
Priced between 200,000 yuan (USD27,879) and 260,000 yuan (USD36,270), the Sea Lion 07 features BYD's in-house-developed DiSus body control system, designed to minimize the risk of vehicle rollover during high-speed cornering. Analysts anticipate increased competition between BYD and Tesla as the Chinese automaker aims to challenge Tesla's established models.
Chen Jinzhu, CEO of the consultancy Shanghai Mingliang Auto Service, emphasized that BYD's move to produce vehicles comparable to Tesla's Model 3 and Model Y signifies a potential tit-for-tat race. Notably, BYD enjoys a cost advantage over its United States rival, presenting a stern challenge for Tesla in the competitive Chinese market.
BYD, backed by Berkshire Hathaway, emerged as the world's largest EV maker last year, dethroning Tesla. However, its primary focus has been on producing pure electric and plug-in hybrid cars targeting low- and middle-income wage earners in mainland China. In contrast, Tesla's Model Y, assembled at its Gigafactory in Shanghai, starts at a higher price point, commencing at 266,400 yuan (USD37,160).
The unveiling of the Sea Lion 07 marks BYD's strategic expansion into the premium EV market, where Tesla has maintained a dominant position. As the competition intensifies, industry experts will be closely watching the dynamics between BYD and Tesla in this evolving landscape of China's rapidly growing electric vehicle sector.
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(MENAFN- Trend News Agency) ASTANA, Kazakhstan, February 9. Kazakhstan
called on the Netherlands and Belgium to jointly develop the
Trans-Caspian International Transport Route (TITR, or Middle
Corridor), Trend reports.
This topic was discussed during the meeting between Deputy
Minister of Foreign Affairs of Kazakhstan Roman Vasilenko with the
Ambassador of Belgium and the Netherlands to Kazakhstan Henri
Vantieghem and Nico Schermers.
As the Deputy FM noted, the Middle Corridor opens up new
prospects for expanding for trade and economic interaction between
Kazakhstan and Europe.
The parties also discussed the issues of cooperation in the
region, including in the context of preparations for the VI
Consultative Meeting of the heads of states of Central Asia this
year in Astana. Vasilenko informed the interlocutors about
Kazakhstan's initiatives to strengthen regional cooperation in the
field of environmental protection, water resources, etc.
The Middle Corridor is a transportation and trade route that
connects Asia and Europe, passing through several countries in the
region. It is an alternative route to the traditional Northern
Corridor and Southern Corridor.
The route starts in China and crosses Central Asian countries
such as Kazakhstan, Uzbekistan, and Turkmenistan. It then passes
through the Caspian Sea, Azerbaijan, Georgia, and Türkiye before
The Middle Corridor offers a land route that connects the
eastern parts of Asia, including China, with Europe, bypassing the
longer maritime routes.
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KARACHI: Federal Minister for Finance, Senator Mohammad Ishaq Dar Wednesday said that the exports and the remittances will help us to get rid of current account deficit while our main problem is to tackle the fiscal deficit.
He was addressing a meeting of the Chief Executive Officers (CEOs) and Presidents of different commercial banks at State Bank of Pakistan here.
The Federal Finance Minister said that the GDP has shown highest 4.1 per cent in the last six years.
Senator Mohammad Ishaq Dar said that the remittances have increased from last year’s 14 per cent to 15 per cent, this year.
He said that the economic indicators are showing positive signs and the bankers have to work hard to increase the reserves as the government is ready to support the bankers.
He said that our image is improving globally and we are committed to bring economic stability in the country.


(MENAFN- KNN India) Bengaluru, Dec 9 (KNN) Karnataka will soon launch a new logistics policy, said Karnataka Commissioner for Industrial Development and Director Industries & Commerce, Gunjan Krishna on Friday.
Confirming the formulation of a logistics policy, Krishna said that the state government's aim is to address the high-cost concerns of industries, reported DH.
Addressing industrialists at the BCIC Manufacturing Conclave, she informed that a draft policy was in the making.
“We have already drafted the logistics policy to enhance efficiency and reduce costs and are ready to place it before the state cabinet,” Krishna told
elaborating on her statement at the conclave.
The policy aims to make it easy for anybody to operate a logistics business, warehousing and integrate technology.
It will improve the ease of doing business in this sector, offering a single window clearance (for multiple aspects including pollution) and easy access to licences. It also proposes major industrial corridors to ease the movement of goods, with lower turnaround times.
“Today we spend 14 per cent on our logistics and there is so much inefficiency in the system,” Krishna said.
“When it comes to air, we are very good but our port becomes an issue simply because of western ghats,” she added.
The western coast of India has several key ports responsible for the movement of large quantities of goods. Ports along the western ghats including Kandla Port, Jawaharlal Nehru Port, Kochi Port, New Mangalore Port, Mumbai Port and Mormugao Port witness a much higher movement of goods than the ports on the east coast.
The policy, aimed at creating a better ecosystem for business, is expected to attract more warehouses in the state. The government is also working on improving industrial infrastructure, offering plug-and-play facilities for foreign companies setting up shop here while easing access to finance, technology, market and efficient supply chains for micro, small and medium enterprises (MSME) growth, Krishna informed.
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(MENAFN) According to recent data from the General Administration of Customs in Beijing, Russia has replaced Saudi Arabia as China's largest oil supplier in the first two months of 2023. The data shows that crude deliveries from Russia amounted to 15.68 million tons in January and February, which is approximately 1.94 million barrels per day (bpd). This marks a significant increase of 23.8 percent when compared to the same period in 2022. On the other hand, imports from Saudi Arabia, which was China's top supplier last year, totaled 13.92 million tons in the same reporting period, or 1.72 million bpd, down from 1.81 million bpd during the same period last year.
The increasing tensions with the West and the G7 price cap have made Russia look for new buyers in Asia, with China being a significant market. Over the past year, China has gradually increased its oil imports from Russia. By the end of 2022, Russia had become China's second-largest supplier, delivering 86.2 million tons, whereas Saudi Arabia delivered 87.49 million tons in the same period.
China has become a crucial economic partner for Russia, especially in the face of intensifying Western sanctions. Russia has been able to increase its trade with China, becoming the leader among China's top-20 partners in terms of trade growth in 2022. The shift in oil supply from Saudi Arabia to Russia also highlights the changing dynamics of the oil market, with Russia becoming an increasingly important player. While the change in oil supply may have implications for the geopolitical landscape of the region, it remains to be seen how it will impact the global oil market as a whole.
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If you’re seeking a challenging hike, climbing Ben Nevis is a great choice.
This difficult walk up the UK’s highest mountain offers wonderful opportunities for hiking, wildlife watching, and observing some of the most beautiful landscapes in Scotland.
Standing at an impressive 1,345 metres, a Ben Nevis walk is definitely not one of the fainthearted.
Note: Please take extra care in the winter months, as this walk can be very dangerous in snowy or wet conditions.
Sykes Cottages has made every attempt to ensure the accuracy and reliability of the information provided on this website. However, the information is provided “as is” without warranty of any kind. Sykes Cottages does not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained on this website.


(MENAFN- The Peninsula) Sachin Kumar |
Fans and tourists coming to Qatar, for the FIFA World Cup Qatar 2022, will have plenty of options to stay in the country. Hotels in Qatar are expected to add around 5,000 rooms before the mega sport event.
With this new addition, the number of rooms in hotel and serviced apartments is expected to increase to 45,000 before the world cup, according to a report released by real estate consultancy firm Cushman & Wakefield Qatar.
“It is expected that 5,000 new hotel keys will be completed ahead of the FIFA World Cup in November. This new supply, coupled with existing hotel supply and serviced apartments, will deliver approximately 37,000 keys, or 45,000 rooms,” said the 'Q1 Real Estate Market Review' report. The number of hotel rooms at the end of last year was around 30,000. The expansion in the hospitality sector will continue even after the world cup. According to the report the total supply of hotel rooms is expected to reach 50,000 by 2026.
“Qatar's hotel room supply reached 29,386 by year-end 2021, which reflects a 6 percent compound average growth rate per annum since 2015. By 2026, the overall supply of hotel keys is expected to reach 50,000,” noted the report.
The hotels are likely to perform better going forward as the number of tourists coming to Qatar is expected to increase further in coming months as the country gets closer to hosting the football world cup. This will fuel the recovery in country's tourism sector.
The hotel and hotel apartments in Qatar witnessed a robust performance with the overall occupancy rate being at 56 percent in February 2022. The hotels of all categories, ranging from five star to two and one star, have seen rise in occupancy rates and revenue per available room, according to the Planning and Statistics Authority data.
The hospitality sector has remained resilient last year. An estimated 1,980 room keys from eight hospitality properties were added during last year. Steigenberger Hotel Doha (with 206 rooms) and Zulal Wellness Resort (with 180 rooms) were unveiled during the last quarter of 2021.
“Qatar will benefit from a unique opportunity to promote and expand tourism by hosting the FIFA World Cup in 2022. We expect tourism from global markets to grow significantly in the next 5 years, while the return of the Saudi market will also boost tourist arrivals. Strong growth in tourism numbers will be required to support occupancy rates and revenues as supply continues to grow,” said the report.
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(MENAFN- The Peninsula) AFP
Rome: Italy's government on Sunday denounced a series of attacks on its diplomatic missions in Europe, following protests at home over the fate of a jailed anarchist.
A government statement on Sunday said it was 'following with concern and attention these new cases of violence against our officials and diplomatic representations.
Anarchists have mobilised throughout Italy in recent weeks to protest what they say is the harsh prison treatment of 55-year-old anarchist Alfredo Cospito, on hunger strike since October and now in poor health.
'Such actions will not intimidate institutions,' the government said, without mentioning Cospito or any anarchist groups.
'Especially not if the aim is to have the harshest detention regime relaxed for those responsible for terrorist acts.'
Cospito was sentenced in 2014 to nearly 11 years in prison for shooting a nuclear power company executive in the knee.
He is also serving a 20-year sentence for setting two explosive devices outside a police training barracks in 2006 where no one was injured.
Since April, he has been subject to Italy's strictest prison detention regime usually reserved for top mafia members at a prison on the island of Sardinia.
On Friday, the windows of Italy's consulate in Barcelona were broken and a wall damaged, while in Berlin the car of an Italian diplomat was set afire, according to Italy's foreign ministry.
Graffiti scrawled on the wall in Barcelona called for Cospito's liberation.
In December, in the Greek capital Athens, anarchists claimed responsibility for an arson attack targeting two Italian diplomatic cars, saying they were staged in support of Cospito.
Sunday's statement by the government of Prime Minister Giorgia Meloni also cited 'street violence' in Rome and Trento, where anarchists held protests against Cospito's detention on Saturday and last weekend, respectively.
It said a bullet had been sent to a newspaper editor in Tuscany and a Molotov cocktail thrown at a Rome police station.
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(MENAFN- Asia Times) The Philippine government will meet with Kuwaiti officials this week to finalize a bilateral agreement on protecting Filipino domestic workers in Kuwait.
Alan Peter Cayetano, the Philippines' foreign secretary, said eight Kuwaiti officials would be in Manila from Thursday through Friday to conduct negotiations, GMA News reports.
'We are looking forward to the conclusion of this bilateral agreement that we hope will be a model document in terms of providing the necessary guarantees to ensure the safety and well-being of our household service workers in Kuwait,' Cayetano said.
The proposed agreement is called the Agreement on Domestic Workers' Recruitment, Employment, and Protection between the Government of the Republic of the Philippines and the Government of the State of Kuwait.
The Kuwaiti government has so far agreed to several conditions in the agreement, including a minimum monthly salary of 120 dinars (US$400) and at least eight hours' rest per day for domestic workers.
Domestic workers will also be allowed to keep their passports and mobiles phones. They will only be permitted to work at one household.
Read: Manila, Kuwait agree on $400 monthly salary for maids Read: Kuwait ensures Filipino maids can keep phones, passports The daily<> Must-reads from across Asia - directly to your inbox <> <> <> <> Philippines Domestic Workers Kuwait Filipinos Comments
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BPG Precious Metal Storage Fund PLC (Ticker: BPGR, ISIN: SI0031117128) (“BPG“) is an alternative investment fund listed on the Vienna stock exchange's MTF. The fund invests in precious metal streams.
In 2021, BPG acquired a 51% equity stake in Green Tech Mining and Services LLC (“GTMS”), a company, originally founded by Oman's only government owned Mining Operator, Oman Mining Company LLC (“OMCO”), and green technology investor, Gulf Green Tech LLC. GTMS, now 51% owned by BPG and 49% owned by OMCO, is remediating existing and new mining and mineral production residues and recovers non-ferrous and precious metals, while applying innovative and partly proprietary technologies besides of applying green technologies for new conventional mining. The company will produce copper concentrate, gold and pyrite concentrate. For further information please refer to .
GTMS retained the services of the international accounting firm Grant Thornton to assess its investment value. On 12th April 2022, BPG received the final report prepared by Grant Thornton and is pleased to inform that the investment value of 100% equity interest in GTMS is estimated to be in the range of 1 bln USD $ to 1,25 bln USD $.
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(MENAFN- UkrinForm) Russian propagandists have posted a staged video showing men posing as Ukrainian servicemen desecrate the Quran. The hoax is aimed to compromise the Armed Forces, in which servicemen of different nationalities and religions fight against the Russian occupiers.
That's according to the Ukrainian Army's press service, Ukrinform reports.
'Today, the Russian psyop operatives posted on the Internet two videos, in which 'actors' sporting 'pixel' camo of the Armed Forces mock the Holy Book of all Muslims - the Quran. The purpose of the stunt is to once again try to discredit the Armed Forces (now on religious grounds), to cause a stir in countries whose population professes Islam, and to motivate the Russian population and their Muslim soldiers to go to war,' the message reads.
The press service emphasized that such incidents would be impossible in the actual Armed Forces of Ukraine, as people of different nationalities and religions serve side by side. Read also: british lawmaker says quran burning stunt in stockholm instigated by russia
'We, officially, emphasize once again that such incidents are impossible in the Armed Forces by default because in our ranks are people of different nationalities and religions – defending Ukraine and fighting against the occupiers. All of them are heroes for our people, and their rights, positions, and beliefs are protected in a mandatory manner,' the press service of the Armed Forces of Ukraine stressed. Read also: rli: russian gru's effort to block sweden's bid to join nato
The officials also drew attention to the fact that in the video a paratrooper exposed a specific knife, a batch of which was purchased for Russia's Chechen Akhmat unit, the widely ridiculed 'Tik-Tok heroes' led by Putin's ally Ramzan Kadyrov.
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New Delhi, Oct 5 (IANS) The Barapullah elevated project was built to decongest the national capital's Ring Road and its adjoining areas and to make travelling easy from Uttar Pradesh's Noida to South Delhi. But, far from the objective, the flyover sees long traffic snarls for most parts of the day which also adds to the air pollution.
Long traffic jams are a daily feature during the morning and evening office hours as well as the weekends.
Thousands of people take this route to reach their destinations everyday. There are four exit points at Barapullah flyover on the way from Sarai Kale Khan to AIIMS. As soon as one climbs the Barapullah flyover, the first exit point is towards Pragati Maidan, second is for Moolchand, third is for Lodhi Road and fourth for the INA Market.
Out of all these exit points, barring the Lodhi Road exit, the elevated road becomes narrow causing the vehicles to move at a snail's pace.
A similar situation also happens while travelling from AIIMS to Sarai Kale Khan and takes twice as much time to come back towards AIIMS. Since there are only three ramps for coming down the Barapullah flyover and the ramps are so narrow that the vehicles get stuck in traffic jams for hours.
The Barapullah elevated road was constructed so that it makes travelling easy for motorists. But the traffic jams for hours every day not only discomforts the travellers but all adds majorly to pollution, besides wasting of the fuel.
The Barapullah elevated project is not only a medium to connect East Delhi with South Delhi. Rather it is the best medium to connect all the neighbouring places around it such as INA, Sewa Nagar, JLN Stadium, CGO Complex, Jangpura, Nizamuddin, Siddharth Extension and Sarai Kale Khan, etc, but over the years it has become drivers' nightmare.
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(MENAFN- EIN Presswire)
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MALIBU, CA, US, September 2, 2022 /EINPresswire.com / -- It's that time of year when summer is slowly coming to a close, and many are heading back to their jobs or the classroom and college campuses.
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(MENAFN- Muscat Daily) Muscat- The Diwan of Royal Court has recently issued a new decision introducing vehicle entry fee to the Ubar Archaeological Site in the Governorate of Dhofar.
This is the first time that an entry fee to the site has been introduced.
This comes as per the Ministerial Decision 8/2018. The fees should be paid in cash at the time of entry.
Meanwhile, the number of visitors to the site in June this year stood at 104, according
to statistics by the National Centre for Statistics and Information.
Ubar is one of the most important heritage sites in Dhofar and was listed on Unesco's World Cultural and Natural Heritage list in 2000, under the name of Land of Frankincense Sites.
The fees are as follows:
• RO2 for 4WD and small vehicles
• RO20 for small-sized buses
• RO50 for medium-sized buses
• RO100 for large-sized buses
4,669 visit archaeological sites in June
Salalah - The number of visitors to Al Baleed and Samahram archaeological sites during June stood at 4,669, according to statistics from the Department of Frankincense Land Sites at His Majesty the Sultan's Advisor's Office for Cultural Affairs.
Al Baleed Archaeological Park and Museum of the Frankincense Land received 3,051 visitors and Samahram archaeological site received 1,333 visitors. Wadi Dokka received 181 visitors and Ubar Archaeological Site received 104 visitors.
Al Baleed Archaeological Park, Samahram, 'Shasir Area' and Wadi Dokka are registered sites on the World Heritage List under the name 'Land of Frankincense' sites.
His Majesty the Sultan's Advisor's Office for Cultural Affairs is developing several archaeological sites and providing them with utilities to serve the goals of cultural and archaeological tourism in Dhofar.
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(MENAFN- Gulf Times) Qatar Museums (QM) announced Saturday the inclusion of three additional Qatari heritage sites in the ISESCO Heritage List. This inscription came during the ninth meeting of the Islamic World Heritage Committee (IWHC) in the Islamic Educational, Scientific and Cultural Organization (ISESCO), convened virtually in June, 2021.
The IWHC decided to inscribe 97 new historical sites and cultural elements on the ISESCO Islamic World Heritage List, including three Qatari archaeological sites: Al Rakyat Fort, Barzan Towers and Al Khulaifi Heritage House.
On this occasion, HE Sheikha Al Mayassa bint Hamad Al-Thani, Chairperson of Qatar Museums, said: "We are pleased to see more Qatari heritage sites on the ISESCO Heritage List. This new achievement contributes to the promotion of Qatars rich cultural heritage across the world, and enhances cultural tourism in the country. We thank everyone who contributed to this achievement."
For his part, Ahmad Musa Al Namla, CEO of Qatar Museums, said: "This accomplishment comes as a culmination of Qatar Museums continuous efforts to revive the Qatari heritage and promote the various heritage sites in the country. The three heritage sites that were added to ISESCO Islamic World Heritage List comprise a significant historical and cultural heritage for the Qatari people, and the Islamic world as a whole. We will work to inscribe more Qatari Islamic archaeological sites, shine a spotlight on Qatars Islamic culture and reinforce its position on the map of Islamic and cultural tourism."
These three archaeological sites were added to the other Qatari sites that have already been inscribed on the ISESCO Islamic World Heritage List in December 2019. They are Al Zubara Fort, Al Jassasiya Site, the Old Amiri Palace (Sheikh Abdullah bin Jassim Palace in the Qatar National Museum) and Al Ruwais Mosque. This brings the number of Qatari sites on the ISESCO Islamic World Heritage List to seven archaeological sites. Last updated: September 18 2021 11:47 PM
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(MENAFN- Daily Outlook Afghanistan) KABUL - In the early hours of March 26, an attack in Baghlan Province damaged two power transmission towers that supply imported electricity from Uzbekistan to Kabul and four other provinces. The attack briefly shut off over 300 MW of electricity—the bulk of the city's power needs. The Government of Afghanistan responded quickly, using USAID-funded resources and training to reduce the impact of the disruption to residents and businesses in Kabul.
The response to the attack, and the resulting power outage was twofold. First, in Kabul, technicians from Da Afghanistan Breshna Sherkat (DABS) immediately activated its backup power resources, including the USAID-funded thermal power plant at Tarakhil. Over the next several days, the backups ran at full capacity, ensuring that hospitals and other critical energy consumers had uninterrupted power supply.
Second, in Baghlan Province, repair crews were dispatched to the damaged towers. Twelve hours after the attack and clearing operations by the Afghan military, the crews restored 170 MW of imported power in Kabul. A combination of DABS' back-up power resources, including the USAID-funded backup in Tarakhil, restored close to normal capacity electricity supply to Kabul.
While power was being restored, USAID was in regular contact with DABS and the Government of Afghanistan. The repair team re-erected a collapsed transmission tower and finalized repairs on both power circuits, restoring full supply on March 30. While USAID continues to support needed developments in Afghanistan's electricity generation and transmission infrastructure, DABS' ability to speedily restore power supply shows real resiliency.
'USAID is proud of the work we have done to build the professional capacity of DABS. We acknowledge the independence and expertise shown by the swift action of DABS, and we congratulate DABS, said USAID Mission Director Herbert Smith. (PR)
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(MENAFN- UkrinForm) The ninth session of the Ukraine Defense Contact Group will focus on a substantive discussion of the urgent needs of the Ukrainian Armed Forces ahead of the one-year anniversary of Russia's illegal invasion of Ukraine.
U.S. Defense Department Spokesperson Brigadier General Pat Ryder said this at a briefing on Wednesday, February 8, according to an Ukrinform correspondent.
'The discussion next week [in the Ramstein format] very much will focus on Ukraine's most urgent security needs, particularly as we approach the one year anniversary of Russia's illegal invasion of Ukraine,' Ryder said.
He added that is it going to be 'a very substantive discussion,' an opportunity to review progress made but also what needs to be done to assist Ukraine in the future.
At the same time, Ryder said that he had nothing to announce regarding the possible supply of U.S. fighter jets to Ukraine. However, according to him, the United States is going to continue to consult closely with the Ukrainians, international allies and partners to determine what Ukraine's most urgent security needs are.
'We're going to work very hard with our allies and partners to provide them with that capability so that they can be successful on the battlefield,' Ryder said.
The ninth session of the Ukraine Defense Contact Group is scheduled for Tuesday, February 14.
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(MENAFN- Jordan News Agency)
Azraq, June 26 (Petra) -- His Royal Highness Crown Prince Al Hussein bin Abdullah II, the Regent, on Tuesday, inaugurated the Shaumari Wildlife Reserve's visitor center in the Al Azraq town, east of Amman.
The Shaumari Wildlife Reserve is a home to a group of rare and endangered animals in the Middle East.
Prince Al Hussein toured the center, which was established under a royal initiative, and was briefed on wildlife present in the reserve.
During the tour, the Regent examined exhibits of wildlife remains, archeological pieces that highlight the history of the place, which students of schools, universities and researchers benefit from. He also checked on methods used in dealing with animals living in the region.
Establishing the visitor center aims at developing a new tourist product in the region and create jobs.
On a safari tour in the Shaumari Wildlife Reserve, which has an area of about 22 square kilometers, His Royal Highness learned about the mechanism of tracking animals and reading their natural paths, and administrative procedures applied for improving wildlife infrastructure.
Prince Al Hussein expressed his admiration for the level of services provided by the Shaumari Wildlife Reserve and its visitor center, which turned it into a tourist attraction in the Kingdom.
The Shaumari Wildlife Reserve is about 120 kilometers east of Amman, an was established in 1975 with the support of the RSPN and the World Wildlife Fund (WWF), to be Jordan's first natural reserve that includes a visitor center, a restaurant and a hiking area equipped with facilities, games and umbrellas.
RSPN President Khalid Al-Irani told Petra that the society manages about nine nature reserves that represent the most important natural habitat and natural beauty in the Kingdom.
He said RSPN intends to establish two new reserves in Jordan's eastern desert, which contributes to creating many job opportunities as these nature reserves constitute important economic hubs.
26/6/2018 - 10:40:45 PM
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(MENAFN- AFP) Bank of America earnings fell Wednesday as the hit from the energy bust and weak securities trading more than offset gains in consumer banking.
Net income in the first quarter was $2.2 billion, down 18.1 percent from the year-ago period.
Revenues were $19.5 billion, down 6.7 percent.
The US banking giant boosted its reserves in case of energy defaults by $525 million to $1 billion, as clients in the oil services and exploration and production sectors continue to struggle with the effects of persistently low oil prices.
Volatility in financial markets also weighed on results, with revenues from fixed income and equities trading down 17 and 11 percent, respectively.
But BofA enjoyed a solid performance in its consumer banking business, where revenues and profits rose thanks to higher total deposits and loans. Net income for this division rose 22.2 percent.
"In a challenging and volatile environment, we stayed true to our strategy this quarter," said chief financial officer Paul Donofrio."We grew loans and deposits, increased core net interest income and improved an already strong and highly liquid balance sheet."
Earnings translated into 21 cents per share, meeting Wall Street expectations.
Shares of BofA dipped 0.5 percent to $13.74 in pre-market trade.
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(MENAFN) JP Morgan and Deutsche Bank are facing three lawsuits alleging they knowingly benefited from their connections with the late convicted sex offender Jeffrey Epstein. A US judge, Jed Rakoff, has cleared the way for these lawsuits, with a fuller statement to be published in due course.
The first lawsuit, filed by an unnamed individual representing a group of Epstein’s victims, accuses JP Morgan of participating in a sex trafficking venture led by Epstein, who was a client of the bank between 1998 and 2013. The lawsuit further alleges that the bank negligently failed to exercise reasonable care to prevent physical harm. Another lawsuit, filed by the US Virgin Islands, claims that JP Morgan enabled Epstein’s sex trafficking operation. However, Judge Rakoff dismissed three of the four claims in this suit.
Lawyer for the US Virgin Islands, Mimi Liu, has claimed that JP Morgan's current CEO, Jamie Dimon, was aware that Epstein was a child trafficker at the time of his felony conviction for soliciting prostitution from a minor in 2008, yet continued to keep him as a client for another five years.
The lawsuits against JP Morgan and Deutsche Bank further highlight the issue of complicity in Epstein’s criminal activities, and the need for financial institutions to exercise due diligence in their relationships with clients. The outcome of these lawsuits could have significant implications for the banking sector and their accountability for their relationships with clients involved in illegal activities.
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(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 7th July, 2018 (WAM) -- The Sheikha Fatima Global Humanitarian Campaign has opened a field hospital for women and children in Egypt. The hospital will now provide diagnostic, therapeutic and preventive health services under the supervision of a group of volunteer Emirati and Egyptian doctors in coordination with the Egyptian Ministry of Health.
The campaign's objectives encompass the establishment of a volunteerism culture, whilst promoting humanitarian partnership and coordination between various parties, including UAE and Egyptian institutions. This latest humanitarian endeavour is in line with Year of Zayed, as declared by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, highlighting the late Sheikh Zayed bin Sultan Al Nahyan's charitable legacy.
Commenting on this latest announcement, Noura Al Suwaidi, Director-General of the General Women's Union (GWU) said that H.H. Sheikha Fatima bint Mubarak, Chairwoman of the GWU, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, called for the inauguration of the mobile field hospital, to continue to provide necessary health services for women and children in various Egyptian villages.
She reaffirmed Her Highness' care to ensure the adoption of innovative initiatives that help build the capacities of Arab women, via various humanitarian initiatives across the UAE, Sudan, Somalia, Tanzania, Uganda, Egypt. "Morocco, Mauritania, Pakistan, and Lebanon among other countries will also see the launch of various innovative initiatives in the short-term," Al Suwaidi added.
The GWU Director-General went on to say that the Sheikha Fatima Global Humanitarian Campaign attaches special attention to humanitarian work and is keen to provide the best services to different segments of society, especially women and children, through attracting, qualifying and empowering women in voluntary and humanitarian fields.
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(MENAFN- AsiaNet News) Kochi: A police officer was suspended from duty on Thursday after he inebriated and attacked a bakery owner and his wife last day near Kariyad in Nedumbassery. Sub-Inspector Sunil Kumar was suspended after his medical examination proved that he had been intoxicated at the time of the incident.
Also read: Onam Bumper 2023: Besides Rs 25 crore prize, Kerala's Palakkad district tops in ticket sales as well
The incident took place on Wednesday (Sep 20) at 9 pm. When he entered the Kariyad bakery owned by Kunjumon and attacked him, Sunil was on duty in the control room vehicle under the Nedumbassery police station. Those who were present at the time of the occurrence claim that the SI visited the bakery and informed them of a knife attack that had occurred in Kariyad.
He then attacked Kunjumon, his wife Alby, and his daughter Merin with a wooden cane. At that point, neighbours went to the family's help and detained the cop. The locals quickly alerted the Nedumbassery police and took the SI to Angamaly Taluk Hospital for a medical checkup. The medical report claimed that Sunil was under the influence of alcohol.
Speaking to Asianet News, Kunjumon said that SI Sunil Kumar used foul words and beat him with the wooden cane for no reason in front of his wife and 11-year-old daughter. The shop owner also said that he had never met this cop before. Kunjumon, his family, and trader Johnny were assaulted.
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(MENAFN- The Peninsula) The Peninsula
Doha: The Ministry of Awqaf and Islamic Affairs signed a contract with Turkish Printing Press Bilnet printing and publishing to print 700,000 copies of the fifth edition of the Mus'haf Qatar in three sizes.
The contract was signed by Ahmed Al Nuaimi, Director of the Financial and Administrative Affairs Department at the Ministry, and Ertugrul Ozturk, Director of the Printing Press.
The contract stipulates that the printing process will take a full year from the date of signing it, including the paper supply period, bringing the number of printed copies of the Mus'haf Qatar, with the completion of the fifth edition, to about 3.4 million copies since the launch in 2010.
The fifth edition of the Mus'haf Qatar includes three sizes, 150,000 copies of large size of 20 cm X 28 cm, 500,000 copies of medium size of 14cm X 20cm and 50,000 copies of small size of 10 cm X 14cm.
The first copy of Mus'haf Qatar was launched in 2010.
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(MENAFN- Caribbean News Global)
- The RCA's celebrate the world's top hotels, resorts, cities, countries, islands, spas, trains, airlines, airports, cruises, and more.
ST JOHN'S, Antigua – Condé Nast Traveler announced the results of its annual with Antigua and Barbuda recognized as the #9 Top Island in the Caribbean and Atlantic.
More than 240,000 Condé Nast Traveler readers submitted responses rating their travel experiences across the globe to provide a full snapshot of the top places they enjoyed this year and can't wait to return to next.
The Readers' Choice Awards are the longest-running and most prestigious recognition of excellence in the travel industry and the full list of winners can be found .
“It's always an honour to receive recognition from such a reputable entity, it is the direct result of the efforts of our teams and our various stakeholders that ensures Antigua and Barbuda remains on the path to becoming the number one destination in the Caribbean.” said chief executive officer (CEO) of the Antigua and Barbuda Tourism Authority Colin C. James.
The 2022 Readers' Choice Awards are published on Condé Nast Traveler's website at and celebrated in the November issue.
The Antigua & Barbuda Tourism Authority is a statutory body dedicated to realizing the tourism potential of Antigua & Barbuda by promoting the twin island state as a unique, quality tourist destination with the overall objective of increasing visitor arrivals thereby providing sustainable economic growth. The Antigua and Barbuda Tourism Authority is headquartered in St. John's Antigua, where regional marketing is directed. The Authority has three offices overseas in the United Kingdom, United States and Canada.
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Morocco- Donald Trump Becomes Presumptive Republican Nominee for President
(MENAFN- Morocco World News) With his landslide victory in Tuesday's Indiana primary and suspension of Sen. Ted Cruz's campaign Donald Trump is now effectively the Republican nominee.
According to National Public Radio Donald Trump is now 87 percent of the way towards the 1237 delegates needed to secure the Republican Party's nomination and only needs 37 percent of the remaining delegates to achieve that goal. Indiana was a key state for Senator Cruz. In a coordinated effort between the Cruz and Kasich campaigns to deny Trump the nomination Kasich agreed to stand aside in the Indiana race freeing up potential voters for Sen. Cruz. Despite these efforts however the Cruz campaign only received 36.6 percent of the vote. In a speech late Tuesday evening Sen. Ted Cruz suspended his campaign for the Republican nomination effectively clearing the way for Mr. Trump in the remaining primary contests.
Following the news of Cruz's exit from the race chairmen of the Republican National Committee Reince Priebus tweeted that Trump would be the presumptive nominee and called for the party to unite behind him. .realDonaldTrump will be presumptive GOP nominee we all need to unite and focus on defeating HillaryClinton#NeverClinton Reince Priebus (Reince) May 4 2016 Idaho Governor Tim Kasich remains in the Republican primary race but with only 153 delegates and few states remaining before the June nominating convention it is mathematically impossible for him to secure the required delegate count for the party's nomination.
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(MENAFN- IANS) Cupertino (California), March 4 (IANS) Apple on Monday unveiled a new MacBook Air with the powerful M3 chip, and the 13-inch and 15-inch devices feature a thin and light design, up to 18 hours of battery life, Liquid Retina display and new capabilities.
With M3, MacBook Air is up to 60 per cent faster than the model with the M1 chip and up to 13 times faster than the fastest Intel-based MacBook Air, the company said in a statement.
The new capabilities include support for up to two external displays and up to two times faster Wi-Fi than the previous generation.
“From college students pursuing their degrees, to business users who need powerful productivity, or anyone who simply wants the unmatched combination of performance, portability, and industry-leading battery life, all in a fanless design, the new MacBook Air continues to be the world's best thin and light laptop,” said Greg Joswiak, Apple's senior vice president of Worldwide Marketing.
Customers can now order the new MacBook Air with M3 and it will arrive on March 8.
The 13-inch MacBook Air with M3 starts at Rs 114,900 and Rs 104,900 for education, and the 15‐inch MacBook Air with M3 starts at Rs 134,900 and Rs 124,900 for education. Both are available in midnight, starlight, silver, and space grey colours.
The 13-inch MacBook Air with M2 chip now starts at Rs 99,900 and Rs 89,900 for education, informed the company.
Featuring a powerful 8-core CPU, up to a 10-core GPU, and support for up to 24GB of unified memory, the new MacBook Air supports hardware-accelerated mesh shading and ray tracing.
MacBook Air supports cloud-based solutions, enabling users to run powerful productivity and creative apps that tap into the power of AI, such as Microsoft Copilot for Microsoft 365, Canva, and Adobe Firefly, said the company.
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(MENAFN- AzerNews) By
A new oil refinery will be built in Turkey's southern Kahramanmaras province, Turkey's Haberturk newspaper reported on December25 referring to the sources in the Turkish Energy Market Regulatory Authority.
According to the newspaper, the refinery is designed for annual processing of 1.4 million tons of oil in Kahramanmaras province.
Around a half of the refined oil products will be exported to the foreign markets, while the remaining 50 percent will be used in the domestic market.
The construction of the refinery will be launched in 2018 and will be completed in 2022.
Currently, there are four refineries in Turkey, namely, in Izmir, Izmit, Kirikkale, as well as Batman provinces.
Refineries annually process 11 million tons of oil in Izmir and Izmit, 5 million tons of oil in Kirikkale and 1.1 million tons of oil in Batman.
STAR refinery is also being constructed.
STAR refinery construction is worth $6 billion. After the commissioning of the new refinery, Turkey will be able to save almost $1.5 billion a year on the import of oil products. The refinery will be able to process 10 million tons of oil per year with a warehouse capacity of 1.6 million cubic meters.
The refinery will annually produce 1.6 million tons of naphtha, five million tons of diesel fuel, 1.6 million tons of jet fuel, 300,000 tons of liquefied petroleum gas and one million tons of raw materials for petrochemical production.
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(MENAFN- Khaleej Times)
A Delta jet went off an icy taxiway after landing in a snowstorm in Minneapolis, but no passengers were injured, the airline said.
The Airbus A320 landed safely Tuesday night on a flight from Los Cabos, Mexico, Delta said in a statement. But the nose gear of the plane“exited the taxiway while turning toward the gate due to icy conditions,” it said.
It happened around 6:40 pm. It took about an hour to get the 147 passengers off the plane and bused to the terminal, Jeff Lea, a spokesman for the Metropolitan Airports Commission, told the Star Tribune. The plane was stuck in the snow until sometime between 9 and 10 pm when crews removed it from the taxiway, close to the north end of the runway, Lea said.
The incident did not disrupt airport operations, he said. But unrelated to the stuck plane, the airport issued a“ground stop” at around 7:30 p.m., putting a temporary halt on planes operating on the airfield, because of the icy conditions. One runway reopened at around 9:15 pm, Lea said.
The airport had received 10 inches (25 centimetres) of snow as of 6 am Wednesday, the National Weather Service said. Another 3 to 5 inches (7 to 12 centimetres) was possible.
india flight: man urinates on 70-year-old woman onboard air india plane
us: airline worker dies after being sucked into plane engine
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The Swiss commodities giant has already said it expects to pay an overall $1.5 million penalties for bribery and market manipulation following investigations in several countries including the US and Brazil. © Keystone / Urs Flueeler
A British subsidiary of Swiss commodities giant Glencore on Tuesday pleaded guilty to seven counts of bribery in connection with oil operations in several African countries.
This content was published on June 21, 2022 - 16:46 June 21, 2022 - 16:46 Reuters/jc
At a court in London, Glencore Energy formally admitted to paying more than $28 million (CHF27.1 million) in bribes to secure preferential access to oil and generate illicit profit between 2011 and 2016, the Reuters news agency said.
The countries concerned are Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan.
The company will be sentenced in the UK on November 2 and 3, the UK Serious Fraud Office (SFO) said.
Glencore has already said it expects to pay up to $1.5 billion to settle allegations of bribery and market manipulation. Three subsidiaries in the US, Brazil and now the UK have pleaded guilty to criminal offences.
The company still faces investigations in Switzerland and the Netherlands.
But after sweeping changes that culminated in the exit of CEO and top shareholder Ivan Glasenberg in 2021, the November sentencing will wrap up a multinational inquiry that has weighed on Glencore for more than four years, Reuters adds.
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(MENAFN- PR Urgent) Midcoast Properties, Inc. is pleased to announce the sale of Capstone Self Storage, located in Sumter, SC to an out of state buyer. Michael Morrison of Midcoast Properties, Inc., represented the seller. Michael was able to bring the seller multiple offers for consideration during a time of increasing interest rates and uncertain market conditions.
Capstone Self Storage is located at 561 N. Pike East in Sumter, SC. The facility is situated on approximately 2.1 acres and consists of 84 standard drive-up units with 11,950 +/- RSF. The property is fenced and gated. The facility presented an opportunity for a new owner to increase occupancy, rental rates, and add amenities and potentially more storage units or outdoor parking.
Sumter is home to Shaw Air Force Base and is approximately 40 miles east of Columbia, SC, 47 miles southwest of Florence, SC, 95 miles west of Myrtle Beach, SC, and 100 miles northwest of Charleston, SC.
As a leading broker of commercial real estate in the Southeast, specializing in the self storage industry, Midcoast Properties, Inc. offers brokerage services in Alabama, Georgia, North Carolina and South Carolina. Midcoast welcomes your call for a confidential and complimentary market review and broker price opinion.
For additional information visit or contact:
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(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 2. The European
Freestyle Wrestling Championship (U20) continues in Rome, Trend reports.
In the freestyle wrestling competition, a member of the
Azerbaijani national team Sabir Jafarov (70 kg) defeated Muhammed
Abdurakhmanov (Belgium) - 5:0. Azerbaijani wrestler defeated German
Adrian Barnowski in the quarterfinals - 5:4. In the next stage,
Jafarov defeated the Austrian Benedict Huber - 11:0. Jafarov beat
the Italian Raul Kaso with a score of 3:0 in the semi-finals and
reached the final. The Azerbaijani wrestler, who lost to the
Armenian Hayk Papikyan (2:3) in the last seconds of the decisive
fight, won a silver medal.
Sabuhi Amiraslanov (79 kg) left no chance for Daniels Bendix
from Latvia in the quarter-finals - 10:0. The Azerbaijani wrestler
in the quarterfinals defeated the Turkish Hakan Satylmysh - 5:2.
Amiraslanov, who lost in the semi-finals to the Armenian Mushegh
Mkrtchyan (1:3), fought for the bronze medal with the Romanian Gigi
Subtirichai and did not leave his opponent a single chance -
Thus, Azerbaijani freestyle wrestlers started the European
Championship with 1 silver and 1 bronze medals.
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(MENAFN- Asia Times) Aiming to keep pace with what American entrepreneur Elon Musk's Neuralink has achieved, China has recently unveiled a set of ethical guidelines for companies wishing to do invasive brain chip research on humans.
For example, the Artificial Intelligence Ethics Subcommittee of the National Science and Technology Ethics Committee, a unit of China's State Council, says in the guidelines that technology firms must have written consent, either from those who plan to receive implanted brain-computer interfaces (BCIs) in their heads or from their guardians.
The guidelines came after Neuralink successfully implanted a brain chip to a person for the first time in January.
Musk said on Monday that the human patient seems to have made a full recovery from the surgery and is able to move a mouse around the screen just by thinking.
Last September, Neuralink said it had received approval from US regulators to recruit human beings for the trial of its brain chip experiments. The patient, whose identity has not been released, is believed to be a person with quadriplegia due to cervical spinal cord injury or to amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig's Disease.
Musk's latest human experiment. Photo: YouTube
Chinese President Xi Jinping said earlier this month that the country should build“new productive forces” to upgrade its manufacturing sectors. According to the plan, China will nurture its own technology firms and research institutions that are engaged in work on artificial intelligence, the next iteration of the internet (termed the“metaverse”) and the making of humanoid robots and BCIs.
There are three types of BCIs in the markets. Non-invasive BCIs refer to headbands that detect brainwave signals. Invasive BCIs require brain surgery while semi-invasive ones are located under the skull but are not attached to the brain.
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(MENAFN- Gulf Times) Mannai Auto Group, GMC's exclusive dealer partner in Qatar, has announced Ramadan offers, with 'exciting savings and added value extras on selected models on the premium and capable line-up' in celebration of the holy month.
“We have designed offers to suit every lifestyle and bring more options for our valued local GMC customers,” the group general manager Rajesh Krishnan said.
Headlining the Ramadan offers is the bold and sporty GMC Terrain, built for adventure and now starting from QR1,499. The GMC Acadia, designed to stand out with its stylish good looks and convenient suite of technology, is starting from QR1,999.
The value offers on both the Terrain and Acadia, include up to three years free comprehensive insurance and free registration, three years or 60,000km free service and maintenance and three years or 60,000km manufacturer warranty.
The legendary full-size GMC Yukon, which brings dominating looks, a commanding attitude and class-leading refinement to the roads, is now available with savings of up to QR20,000. The the most luxurious, advanced, and capable GMC Sierra line-up is also available with savings of up to QR20,000.
All customers who purchase a Yukon and Sierra will also receive a cash voucher redeemable against insurance, extended warranty, service and maintenance or even to further personalise their vehicle with accessories, window tinting and ceramic. Offers are valid until the last day of Eid al-Fitr, 2023.
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(MENAFN- IANS) Mumbai, March 5 (IANS) Nifty snapped a four-day winning streak on Tuesday on account of profit booking, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
While the Nifty 50 closed the day with a loss of 49 points, or 0.22 per cent, at 22,356.30, the Sensex ended at 73,677.13, down 195 points, or 0.26 per cent.
India's service PMI eased to 60.6 in February, dampening the sentiments, Khemka said.
Sector-wise, it was a mixed bag with buying seen in PSU bank, auto, and oil & gas stocks.
Meanwhile, the IPO market saw a stellar debut on Tuesday with Exicom and Platinum listing at a premium of 87 per cent and 33 per cent, respectively, he said.
The markets were also lackluster ahead of key US economy data such as US Service PMI to be released on Tuesdaay.
Further, investors are awaiting Fed Chair Jerome Powell's congressional testimony to get some input on interest rates.
Overall, the markets are likely to consolidate in the near term with sectoral rotation amid key events lined up. Capital ghods, auto, PSU bank, and oil & gas will continue to remain in focus, he added.
Deepak Jasani, Head of Retail Research at HDFC Securities, said Nifty ended lower on Tuesday to snap four days of gains even after recovering from morning lows.
Cash market volumes on the NSE at Rs 0.95 lakh crore rose compared to the previous session. The Smallcap index fell more than the Nifty even as the advance decline ratio fell to 0.52:1.
PSU banks and auto shares rose, while IT stocks were trading on a weak note after the CLSA downgraded select stocks.
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Turkey’s BIST 100 index starts Wednesday’s session 0.69 percent higher
(MENAFN) Turkey’s main share index started at 5,403.74 points on Wednesday, surging 0.69 percent, or 37.22 points, from the prior end.
Borsa Istanbul's BIST 100 index decreased by 0.7 percent to end Tuesday standing at 5,366.52, with a day to day exchange volume of 108 billion Turkish liras (USD5.76 billion).
The US dollar/Turkish lira selling price stood at 18.8083 as of 10.26 AM regional time (0726GMT), the euro/lira trading rate reached an amount of 20.5066, whereas a British pound exchanged for 23.1898 Turkish liras.
International benchmark Brent crude sold at USD86.58 a barrel as of 09.56 AM regional time (0656GMT), a 0.52 percent rise from the ending price of USD86.13 a barrel in the prior exchange session.
American benchmark West Texas Intermediate (WTI) exchanged at USD80.42 a barrel at the same time, a 0.36 percent earn following the prior day ended at USD80.13 per barrel. whereas the price of one ounce of gold stood at USD1,932.05.
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(MENAFN- Emirates News Agency (WAM))
SHARJAH, 5th June, 2023 (WAM) -- Sharjah Electricity, Water and Gas Authority (SEWA) has concluded the extension project of a crucial main pipeline with a diameter of 800mm, aimed at transporting water from Al Zubair Station to Al Shanouf Suburb.
This significant endeavour, initiated in mid-July 2022, utilised environmentally friendly materials to ensure water quality, while effectively catering to the growing demand for freshwater in the region. The new pipeline is poised to provide residents in the areas of Mahdub, Hadibah, and the new sections of Al Shanouf Suburb with a sustainable supply of fresh and pure water, thereby bolstering the efficiency of the existing network.
Faisal Al Sarkal, Director of the Water Department at SEWA, said that the project follows the directives of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to provide essential services to newly developed areas following the most stringent standards.
Al Sarkal highlighted the successful completion of all stages of the strategic water transportation pipeline, including excavation, pipe installation, control valve chambers, protection, and maintenance of surrounding roads.
The implementation employed carbon steel pipes coated with safe and sanitary epoxy in adherence to the latest international standards governing the freshwater distribution and transportation systems. Rigorous water pressure tests have been carried out, confirming the pipeline's readiness for operation.
With a length exceeding 6 km and an 800mm diameter, the project's total cost amounts to approximately AED15.5 million.
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Abbas blames Hamas for Gaza bombings
(MENAFN- The Peninsula) Palestinian President Mahmoud Abbas yesterday accused his Islamist Hamas rivals of carrying out a series of bombings against officials loyal to him in Gaza last week, in a move sure to harm floundering unity efforts.
A series of small explosions targeted the homes and vehicles of officials from Abbas's Fatah movement on Friday, causing minor damage but no injuries.
"Who committed this crime? The leadership of the Hamas movement did, and it's responsible!" Abbas roared to applause at a Fatah rally for Arafat in Ramallah, his seat of government in the Israeli-occupied West Bank.
Hamas and Fatah agreed in April to form a reconciliation government to help overcome political rifts that date back to 2007, when Hamas seized power in Gaza after a weeks-long civil war with Fatah.
The parties agreed in September that Hamas would relinquish Gaza's land crossings with Israel to the unity government. Amid mutual blame, no change of guard has occurred.
Hamas denounced the remarks, which stopped short of calling for a formal break with the Gaza-based Islamists.
"Abbas's speech was aimed at causing tensions. It's a partisan and despicable speech that did not carry any good intentions, neither towards Hamas nor towards the people of Gaza," Hamas spokesman Fawzi Barhoum said.
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Asia Pares Losses as BoJ Stands Pat
Asia-Pacific markets are mixed as the Bank of Japan left its monetary policy unchanged after its latest meeting concluded on Friday, with some markets paring losses earlier in the day.
In Japan, the Nikkei 225 fell another 168.62 points, or 0.5%, to 32,402.41, its lowest level this month.
The central bank kept rates at -0.1%, and capped the 10-year Japanese government bond yield around zero.
BOJ Governor Kazuo Ueda has maintained that an ultra-easy monetary policy is needed until Japan sees a sustained inflation at 2%. Japan's headline inflation figures have remained above this target since April 2022, with the latest reading coming in at 3.2% for August.
In Hong Kong, the Hang Seng index regained 402.04 points, or 2.2%, to 18,057.45, reversing losses and leading gains in Asia.
In other markets
The CSI 300 gained 66.49 points, or 1.8%, to 3,783.93.
In Taiwan, the Taiex index recovered 27.81 points, or 0.2%, to 16,344.48.
In Singapore, the Straits Times inched forward 2.01 points, or 0.1%, to 3,204.82.
In Korea, the Kospi index slid 6.84 points, or 0.3%, to 2,508.13.
In New Zealand, the NZX 50 restocked 53.88 points, or 0.5%, to 11,372.62.
In Australia, the ASX 200 eked up 3.6 points, or 0.1%, to 7,068.84.
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Investors must monitor great American firms to collect proceeds
(MENAFN) On Friday, Jan. 21, CNBC’s Jim Cramer checked the essential market performances for next week, containing a full page of corporate proceeds updates and a conference of the Federal Reserve’s policymaking branch.
The commentary made by the host of “Mad Money” took place following the Nasdaq Composite finalized its worst performing week since October two years ago, declining within 7.6 percent in the final five sessions.
He stated, if shareholders start showing interest in firms of his concentration in the revenues of the upcoming week, they may be “appropriately surprised at all the money these great American enterprises are making.”
He reported, “But as for the not-so-great American enterprises, like the SPACs or most of the recent IPOs, they’ll be stuck in the house of pain for the foreseeable future.” He added, “We don’t know what’s going to cause the market to turn around. I am saying if you buy great American companies, not junk, you tend to do pretty well historically.”
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(MENAFN- ING) Retail sales continue to grow but at a slower pace
Japan's retail sales in May rose 3.6% YoY, slightly missing the market consensus of 4.0%, but the previous month's data was revised up to 3.1% (vs 2.9% preliminary).
On a seasonally-adjusted month-on-month basis, retail sales gained 0.6% MoM sa in June (vs 1.0% in May). The “Golden Week” holiday season may have boosted household consumption as travel-related sales such as apparel and fuel were particularly strong. However, durable goods sales dropped for the second month in a row, and the contraction in motor vehicles even intensified from -4.6% in May to -7.4% in June. We think that overall consumer spending is making progress and expect second-quarter GDP to rebound after a 0.5%q/q saar contraction in the first quarter, but it is questionable whether the strong rebound will be sustained for the rest of the year.
The consumer confidence index slid to 32.1 in June, more than offsetting the previous two months' gain
Although all four sub-components declined, a willingness to buy durable goods fell the most by 2.6pt, suggesting that durable goods sales are likely to remain soft in the coming months.
However, an accommodative macro policy environment will support the economy
In Japan, unlike other major developed market countries, both monetary and fiscal policies remain supportive of growth. The Bank of Japan is highly likely to keep its ultra-low policy stance through the end of the year, and the government's series of subsidy programmes will soon boost domestic consumption and partially offset the negative impact of a weak yen and rising prices. Measures such as a nationwide travel voucher programme in July, 38.4 yen/liter of gasoline subsidy (starting from tomorrow), and cash transfers for low-income households are expected to aid households in the pandemic recovery.
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(MENAFN- Khaleej Times) Published: Tue 21 Mar 2023, 7:55 AM
Last updated: Tue 21 Mar 2023, 8:25 AM
A 34-year-old Asian man died after being run over by two separate vehicles while he was crossing the road from a place not authorised for pedestrian crossing.
AS the victim was pulling his bicycle, a car driven by an Arab person hit him – at the same time, he was also hit by another car driven by a Gulf citizen. The double collision led to his immediate death.
The Public Prosecution Office in Ras Al Khaimah accused the defendants of not observing traffic signs and driving their vehicles without attention, resulting in the accident and the death of the victim.
The Traffic Misdemeanour Court in Ras Al Khaimah fined each of them Dh1,500, and ordered both to pay the heirs of the victim Dh66,666 in legal blood money.
Investigations revealed that the victim was crossing the road from right to left when the incident occurred. He crossed the right lane, entering between the middle and left lanes, which is when the two vehicles hit him at the same time.
The hardest collision was caused by the vehicle of the second accused, which was travelling in the left lane, with the victim's bicycle stuck in the front of his car. Due to this, the court noted that the two accused bear different percentages of responsibility in the accident.
dubai: woman fined dh5,000 for use, possession of narcotics
ramadan in uae: police warn residents against helping beggars; launch campaigns to curb the crime
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(MENAFN- AFP) A Chinese nuclear power giant surged 44 percent on its first day of trading Wednesday after launching the country's biggest domestic stock offer in four years, as investors bet on Beijing's renewed push for nuclear energy.
Beijing-headquartered China National Nuclear Power Co. (CNNP) raised 13.19 billion yuan ($2.16 billion) last week, according to a statement to the Shanghai Stock Exchange, in what state media said was the biggest initial public offering (IPO) since 2011.
Its stock price jumped the maximum allowed for new listings, 44 percent, to close at 4.88 yuan in Shanghai on Wednesday.
"The company's IPO was hot because investors are confident of its future returns as China is now backing the development of nuclear power," Chen Xingyu, a Shanghai-based analyst with Phillip Securities Group, told AFP.
The company said in its prospectus that its net profit edged down 0.17 percent year-on-year to 2.47 billion yuan in 2014.
CNNP will use the funds raised to build 10 nuclear power units and supplement its capital, according to its prospectus.
Investors seeking to buy into the IPO offered a whopping 1.68 trillion yuan in subscription funds, the company said.
Under China's IPO system, the securities watchdog approves the number of shares to be issued and their price, meaning offers are typically underpriced and in short supply.
But one analyst warned of the risk from surging prices of new shares.
"The pursuit of new shares has entered an irrational phase," Yingda Securities analyst Li Daxiao told AFP.
"If it surges too much at the beginning, it may not be able to last long," he said.
The Shanghai market was the world's second-best performer last year, surging 52.87 percent in 2014 and has grown nearly 58 percent so far this year.
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(MENAFN- Jordan Times)
BERLIN — German submarine and ship builder, Thyssenkrupp Marine Systems, said on Friday it has agreed to buy the Asian-owned MV Werften shipyard on Germany's Baltic coast which filed for bankruptcy at the start of the year.
The German company, TKMS, said in a statement that the two sides had agreed confidentiality on the purchase price.
MV Werften ran into dire straits after the COVID-19 pandemic hit demand for cruise ships, putting thousands of jobs at risk and dealing a blow to the local economy.
TKMS said the takeover of MV Werften would give 'one of the most tradition-rich shipyards in Germany a long-term perspective' for its operations.
It said it expected to produce submarines at the facility from 2024 if the German government ordered further vessels 'and the resulting investment in the upgrading of the shipyard'.
The German government has announced plans for a massive increase in military spending in the wake of the war in Ukraine, which could lead to a boost in orders at MV Werften.
Reinhard Meyer, economy minister of Mecklenburg-Western Pomerania state, home of the shipyard, welcomed the takeover, saying it offered the chance for 'as many jobs as possible to be maintained in the maritime industry'.
Trade union IG Metall said it had agreed with TKMS on the basic outlines of a future employment plan at the shipyard.
An initial 800 staff are to be hired, with personnel levels reaching up to 1,500 depending on future business.
MV Werften had declared insolvency in January after it said its talks with the federal and state government on a rescue package ran aground.
MV Werften's fate was decided thousands of kilometres away in Asia, in the offices of Genting HK, the owner of the shipyard.
Specialised in tourism and casinos, the company collapsed as a result of the disruption to travel caused by the pandemic and the decision made by its Malaysian parent company Genting to abandon it.
'We are the classic victims of coronavirus,' said Carsten Haake, MV Werften's chief executive, at the time.
It was not immediately clear what would become of 'Global Dream', planned as one of the world's largest cruise ships, the construction of which was halted following the bankruptcy filing.
It is 75 per cent complete, MV Werften said, but would need another 600 million euros ($636 million) in investment to be completed.
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To escape Daesh, Ferah creates her own world
(MENAFN)After becoming 14 years old, Ferah started building her own world in her bedroom; a world of butterflies made out of papers, of inspirational messages she wrote to herself taping them on the wall above her bed.
The Iraqi teen did so and tried to keep it special in order to to stay escape the horror outside in her home city, and find comfort in her own created world.
Mosul, the city where she lives had been taken over by the Daesh group, in the summer of 2014.
For nearly three years, she used her room as a sanctuary where she wrote a Facebook journal, expressing deliberately her worries and expectations.
"What is the problem?" she wrote in a fictional dialogue.
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Calgary's Symbolic Office Tower 'The Bow' Is Being Sold For $1.67 Billion
H&R Real Estate Investment Trust (TSX:HR.UN) is selling the iconic Calgary office tower called "The Bow" in a $1.67-billion deal.
The Bow is a two million square foot tower that once symbolized Calgary's clout as a global energy centre. H&R REIT says the "strategic transaction”" includes the sale of The Bow and the sale of the 1.1-million-square-foot Bell office campus located in Mississauga, Ontario.
Gross proceeds from sale of the two buildings will be approximately $1.47 billion, the real estate investment trust said in a news release.
H&R REIT said it will retain 15% of net rent from the lease of energy giant Ovintiv (TSX:OVV), formerly Encana Corp, ownership of the adjacent lands, and will retain the management contracts of The Bow and Bell Campus, at a combined value of $203 million.
The transaction reduces H&R REIT's Calgary office exposure in its portfolio from 9% to 3%. However, H&R REIT will retain an option to repurchase The Bow and its land for $735 million once Ovintiv's lease expires in May 2038.
The sale of the two large office spaces comes amid hybrid home and office work models.
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(MENAFN- Gulf Times)
Yemen's Houthi leader Abdel-Malek al-Houthi said on Thursday his group could target Saudi oil tankers should Saudi Arabia attack Yemen's main port at Hodeidah.
"We could target Saudi oil tankers and we could do anything, we have not done this before," he said.
In a televised speech, the leader also said his group's ballistic missiles were capable of reaching the United Arab Emirates' capital of Abu Dhabi and anywhere inside Saudi Arabia.
It was unclear whether the Houthi group has the capability to carry out its threats.
Abdel Malek also said that they had successfully test fired a missile toward Abu Dhabi earlier this month and said the United Arab Emirates was no longer safe country. He gave no further details and there has been no indication by the UAE of any missiles landing on their territory.
Yemen has been devastated by more than two years of civil war in which President Abd-Rabbu MansourHadi's government, backed by a Saudi-led coalition, is fighting to drive the Houthis out of cities they seized in 2014 and 2015 in a rapid rise to national power.
"Today the port of Hodeidah is being threatened and we cannot turn a blind eye to that," Abdel-Malek said.
"If the Saudi regime and with a green light from the US attack Hodeidah then we have to take steps that we haven't taken before."
The United Nations had proposed that the Red Sea port of Hodeidah, where 80% of food imports arrive, should be handed to a neutral party, to smooth the flow of humanitarian relief and prevent the port being engulfed by Yemen's two-year-old war.
The government of President Hadi accuses the Houthis of using the port to smuggle in weapons and of collecting custom duties on goods, which they use to finance the war. The Houthis deny this.
Last updated: September 14 2017 07:49 PM
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(MENAFN- Jordan News Agency)
Amman, Jan. 2 (Petra)- Activities of the Jordanian Trade and Services Exhibition (JTSE), organized by the Jordan Chamber of Commerce (JCC) and the Federation of Syrian Chambers of Commerce (FSCC), is scheduled to start next Tuesday in the Syrian capital, Damascus.
The three-day exhibition, which will be held at Damascus Fairground, will be attended by Jordanian companies working in various sectors, particularly trade, information and telecom technology (ITT), according to a JCC statement on Sunday
Jordanian companies participating in the event work in energy, renewable energy, transportation, logistics, tourism, medical tourism, agriculture and machinery, as well as universities and hospitals, the statement added.
JCC head, Nael Kabariti, said the exhibition constitutes an 'important' economic dimension to further deepen Jordanian-Syrian commercial relations and sends a message that efforts are being made by the two countries' economic sector to launch a different phase of commercial partnership to higher levels that meet the two people's aspirations and interests.
The exhibition reflects Jordanian commercial and service sector's desire to develop economic and trade relations with Syria and support their 'rapid' development that suits capabilities available in the two countries, he pointed out.
Kabariti noted Jordan's commercial and service sector is 'keen to build a new form of economic relations with Syria within mutual benefit and integration.'
Kabariti also pointed to the need to strengthen relations of the economic sector's institutions, and work jointly to remove the obstacles facing the two countries' trade, adding that Jordan-Syria trade exchange 'is still modest, ' which requires exerting more effort to increase its volume to meet common interests.
Lauding Jordanian-Syrian relations as 'deep- rooted,' he highlighted the two brotherly countries' commonalities, adding that their economic cooperation should reach a 'high' level of coordination and exchange of views to serve the 'higher' common interests.
Resumption of the Jordanian-Syrian trade relations to its previous status represents a common interest for the two countries' economies, especially since Syria represents an 'important' trade artery for the Kingdom, whether in terms of export, import or transit, just as Jordan represents a gateway for Syrian products and goods to cross safely to the markets of neighboring countries, according to Kabariti.
Value of Jordanian exports to Syria during 10 months of 2021 amounted to JD45 million, compared to JD40 million in imports, foreign trade figures issued by the Department of Statistics showed.
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Indian Defence Minister to inaugurate MSME defence meet in New Delhi
(MENAFN - KNN India) Continuing to push Make-in-India, Defence Minister Manohar Parrikar will inaugurate the seminar on Opportunities for MSMEs in the Defence Sector here on June 11, 2015.
Government is giving the final shape to defence production policy including the role MSMEs are likely to play. The inputs of the seminar will help shape the policy.
Member NITI Aayog and former Secretary of Defence (Research & Development), VK Saraswat and Director General of Defence Research & Development Organisation (DRDO) will also address the participants as the Guest of honour.
The seminar, being organized by Federation of Indian Micro and Small & Medium Enterprises (FISME) - a network of over 700 SME associations in the country, is bringing Original Equipment Manufacturers (OEMs), Defence Public Sector Undertakings (DPSUs), MSMEs and policy makers at one platform.
FISME with its knowledge partner Koan Advisory is to release a working paper on expectations of MSMEs from defence production and procurement policies including offsets.
The seminar is to two sessions one focusing policies and the other opportunities. The later session will be chaired by renowned defence strategist Air Marshal BN Gokhle and presentations are to be made by top officials from OEMs such as Lockheed Martin, Honeywell among others. (KNN/AB)
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