Arab Social Affairs Ministers Discuss Disability Decade
(MENAFN- Kuwait News Agency (KUNA)) TUNIS, Oct 1 (KUNA) -- The social affairs ministers of the Arab League member states discussed on Sunday the second Arab decade of disabled persons 2023-2032.
The State of Kuwait is represented at the high-level forum on the decade by Minister of Social Affairs and Minister of State for Women and Children Affairs Sheikh Firas Saud Al-Malek Al-Subah.
The gathering is being organized by Tunisian Ministry of Social Affairs under auspices of Tunisian President Qais Saeed in collaboration with the Arab League Secretariat.
The discussions focused on the executive mechanisms for implementing the 17-point decade, approved during the 32nd Arab Summit in Saudi Arabia.
The ministers exchanged views on the legislations and policies relating to the social, health, educational services necessary for decent living of people with special needs.
Assistant Secretary-General of the League for Social Affairs Sector Haifaa Abu-Ghazalah said the outcomes and recommendations of the forum will be tabled to the coming Arab Summit.
On his part, Tunisian Minister of Social Affairs Malek Azzahi said his country was amending its legislations and policies in keeping with the changes in the concept of disability and the provisions of the UN Convention on the Rights of Persons with Disabilities.
On the sidelines of the forum, the council of Arab social affairs ministers convened an extraordinary session to discuss the agenda of the fifth Arab Summit on socio-economic development, due in Mauritania. (end)
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(MENAFN- UkrinForm) The efforts of both Russia and Ukraine to overcome their adversary's ground-based air defence systems continue to be one of the most important contests of the war.
The relevant statement was made by the Ministry of Defence of the United Kingdom on the social media platform X , referring to the latest Defence Intelligence update, an Ukrinform correspondent reports.
According to the analysts, on the Russian side, the SA-15 Tor short-range surface-to-air missile system (SAM) is playing a critical and largely effective role.
With a maximum range of 15 km, the SA-15 is operated by the Russian army air defence units and is designed to protect the front line of ground troops.
This is in contrast with other short-range systems, such as SA-22 Pantsir, which are operated by Russian Aerospace Forces and typically protects command nodes, longer range SAMs, and air bases.
Effectively acting as the front line of Russia's elaborate air defence network in Ukraine, the SA-15 is currently particularly utilised to counter Ukrainian uncrewed aerial vehicle operations, the UK intelligence noted.
One of the key limitations of the system in the current war is likely the endurance of its crew. With an established allocation of only three personnel to each system, maintaining a high state of alert for extended periods is highly likely proving an extreme test of endurance, the analysts concluded.
A reminder that, between February 24, 2022 and December 3, 2023, Russia's total combat losses in Ukraine reached about 332,040 troops.
Photo: Slovo i Dilo, illustrative
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(MENAFN- Gulf Times) Astad has participated in the Caspian and Central Asia Rail Conference to showcase its diverse project portfolio and wide range of services, while demonstrating its expertise within the transportation sector.
The conference took place earlier this month in Azerbaijan.
Astad invited Qatar's ambassador to Azerbaijan, Yousef bin Hassan al-Saai, to discuss potential co-operation and collaboration.
Following the event, Astad chief executive officer Ali al-Khalifa said, 'We are heavily involved in all rail projects in Qatar, including the Lusail Light Rail, Doha Metro Green Line and QF Tram, and are committed to supporting the development of Qatar's transportation infrastructure. This event provides a platform for us to meet rail operators from all over the region to discuss rail trends in Azerbaijan as a major Eurasian rail hub.
In a statement, Astad stressed that it plays a strategic role within Qatar's transportation sector, supporting the nation's journey towards sustaining its own development and providing a high standard of living for all.
'It all started with their successful management of the Qatar Foundation Tram in Education City, where Astad managed the interface of all surrounding facilities of the first battery-powered tram system and the first rail project of its kind in Qatar, the statement noted.
More recently, Astad began works on the Lusail Light Rail Transit, providing project management consultancy services to ensure the successful delivery of the eco-friendly transportation system that would serve the visitors, employees and residents of Lusail City in Qatar.
In addition, Astad has secured work on the Doha Metro Green Line that runs east from Al Riffa to Al Mansoura in the west. 'Astad will ensure the successful delivery of this integral component of the larger Qatar Rail network. It is part of the new Doha Metro system currently under construction and scheduled for completion ahead of the 2022 FIFA World Cup, the statement added.
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Church with a capital 'C'
The Alexandria Area Ministerial Association (AAMA) is a fellowship of pastors, chaplains and church leaders from Alexandria and the surrounding communities.
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( MENAFN - GlobeNewsWire - Nasdaq MI)AMI, July 22, 2021 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (together with NCL Corporation Ltd.,“Norwegian Cruise Line Holdings” or the“Company”) announced today it will report second quarter 2021 financial results on Friday, August 6, 2021 at 7:00 a.m. Eastern Time with a conference call to discuss results at 10:00 a.m. Eastern Time. The conference call will be simultaneously webcast via the Company's Investor Relations website, . A replay of the webcast will be available at the same site for 30 days following the call.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with nearly 60,000 berths, these brands offer itineraries to more than 490 destinations worldwide. The Company has nine additional ships scheduled for delivery through 2027, comprising approximately 24,000 berths.
| Investor Relations and Media Contacts |
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| (305) 468-2339 |
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Resorters baseball: Playoff seeds set as Carlos wins East title
Alexandria was right behind them as the Black Sox finished 10-4 in the East and Long Prairie finished 9-5 to take third.
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(MENAFN- Khaleej Times) The Dubai Electricity and Water Authority (Dewa) has appointed a consortium of companies including Ernst & Young (E & Y), CMS, and WSP as advisors on the Hassyan's Sea Water Reverse Osmosis (SWRO) Project to produce 120 million imperial gallons per day.
The project is Dewa's first Independent Water Producer model (IWP) project. Dewa adopted the IWP system for the Hassyan desalination plant following the success of the Independent Power Producer model at the Mohammed bin Rashid Al Maktoum Solar Park projects. The SWRO project is expected to commence production in 2023. The desalination plant will use the most efficient and proven art technology available at the mark. The plant will supply the Dewa water transmission network to ensure sustainable supply.
Advisory services provided by the consortium include reviewing existing UAE legislation and regulatory framework, IWP Developer tender document preparation, soliciting development and investment market interest, financial model development, IWP Developer tender submission management and evaluation, development of supplemental agreements, commercial negotiation, concluding a water purchase agreement, and financial closure with the developer. The scope also includes the preparation of a project marketing plan, participating in marketing activities, local and international roadshows, workshops, and the provision of training for the IWP concept.
"We are building production plants based on Reverse Osmosis which requires less energy than that multi-stage flash distillation based plants, making it a more sustainable choice for water desalination," said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.
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(MENAFN- Muscat Daily) Muscat- There has been a significant increase in WhatsApp hacking cases in Oman, the Information Technology Authority (ITA) said on Twitter.
ITA stated that Oman National CERT (OCERT) has noticed an increase in the number of hacking cases involving the popular messaging application. The fraudsters hack by accessing the Security Verification Code of victims. The hackers use the victim's identity and reach out to people on the contact list asking for money transfer.
OCERT strongly recommends WhatsApp users to follow some steps to prevent such incidents, 'Never disclose or send your WhatsApp verification code or verification message to anyone. Never click on links received through SMS that contain a WhatsApp verification code. Enable a two-step verification from WhatsApp settings and never respond to WhatsApp messages requesting money transfer even if the number is from your contact list. If your WhatsApp has been hacked into, notify your contact list about it.'
The solution to this is to just uninstall and reinstall the application. 'Just reinstall the WhatsApp application on the phone by registering your number again and wait for the verification code. If you are requested to insert a two-step verification number click on Forgot Pin option. A message will appear on the screen stating that WhatsApp will be suspended for seven days. If no message appears, click contact support on the same page and write, 'My WhatsApp account has been hacked. Please suspend my account number 9xxxxxxx'.'
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Blaze damages home in Clarke
BERRYVILLE — Firefighters quickly contained a blaze at a Clarke County home Friday afternoon.
The occupant of the house sustained minor injuries and the structure had extensive damage, officials…
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(MENAFN- Mid-East.Info) Ishraq Hospitality, a Mohammad & Obaid AlMulla Group division, announced the successful upgrade of all Holiday Inn Express hotels in Dubai to a three-star rating.
This milestone is in line with Ishraq Hospitality's plans to expand the Holiday Inn Express (HIEX) chain – the single largest hotel brand in the world – in the Middle East, with eight new hotels to be opened in the next seven years.
Alexander Suski, Acting CEO of Ishraq Hospitality, said:“Ishraq Hospitality is committed to maintaining ambitious growth plans in the region and providing consistent quality services in the hospitality industry. The recent upgrade to three stars, an important milestone, will allow our hotels to accommodate new markets and audiences enabling further average rate growth for the portfolio, facilitate more smart travel guest services, and continue to deliver guest satisfaction.”
Renovations across the hotels include new services such as a 24/7 kiosk and a coffee lounge, where guests can work and socialize in a vibrant environment.
Rooms and features are also undergoing renovation, with a new front office look for Holiday Inn Express Dubai Airport. The Brick Wall Sports Bar is now present in Holiday Inn Express Jumeirah and Holiday Inn Express Dubai Airport.
At Holiday Inn Express Internet City, the award-winning casual Mexican restaurant, Muchachas, also offers a takeaway menu.
Holiday Inn Express is one of IHG's fastest-growing hotel brands, a first choice for the increasing number of travellers who need a warm, comfortable place to rest, recharge, and work. Ishraq Hospitality, which operates Holiday Inn Express under the IHG® franchise, currently owns four Holiday Inn Express hotels in the UAE in partnership with IHG®.
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(MENAFN- Gulf Times) Swiss teenager Belinda Bencic said she will be ready for the US Open after quitting a match at the Cincinnati Masters yesterday due to a muscle problem in her right arm.
The winner of last week's Toronto title who had not lost in her past eight matches, stopped after losing the first set 6-2 to Lucie Safarova, the French Open finalist of last June.
"I don't think it's like very serious, I just wasn't 100 per cent today. To beat Lucie or even compete against her, you need to be 100 per cent," the number 12 said.
"I'm really sorry I had to retire. It was like I think the first time ever I retired a match, so it didn't feel very good.
"Physically I'm fine except this, and mentally I'm also fine. I mean, I won a lot of matches. I think that's the best that can happen to you mentally."
Bencic lasted for only 33 minutes and was seen once by the trainer during the match with Safarova.
"It's just muscular, I'm very tight through the forearm. The change of balls and I played a lot of matches, I think that it's just too much pressure."
Bencic said she and her team will make a decision on whether to play in next week's WTA tournament in New Haven with the Open starting on August 31.
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KATHMANDU, NOVEMBER 30
Addressing the 23rd anniversary of the Society of Economic Journalists Nepal (SEJON) today, Minister Paudel urged the private sector to cooperate with the government to overcome the challenges created by the pandemic.
“Even though the government is in the frontline in the fight against the coronavirus the private sector too needs to support the government to sustain our economy,” he said. “There is a need to focus on increasing investment, production and jobs in the country.”
Meanwhile, speaking during the event, Shekhar Golchha, president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that the government needs to implement a special programme to lift the economy that has been ravaged by the pandemic.
“The private sector is working with a strategy to make the country prosperous and the government too has to provide necessary support to the private sector,” Golchha


(MENAFN- UkrinForm) President's wife Olena Zelenska congratulated defendresses of Ukraine on their holiday.
“Today we celebrate the Day of Defenders and Defendresses of Ukraine for the first time! We have all long been accustomed to the fact that the role of defender is always confidently performed by men. Women get the roles of those who need to be defended. Earlier, women's contribution to the defense of Ukraine took second place. And this, in my opinion, is unfair," Zelenska posted on Facebook, Ukrinform reports.
To date, more than 31,000 women serve in the Armed Forces of Ukraine alone, Zelenska said, noting that they, along with men, safeguard peace and order in our country.
"It is time to recognize this equality and be proud of the fact that Ukraine equally respects men and women who defend the Motherland," Zelenska stressed.
As reported, the Day of Defenders and Defendresses of Ukraine is a public holiday celebrated on October 14. It was officially established on October 14, 2014, by a presidential decree entitled“The Day of Defender of Ukraine”. On July 12, 2021, the Verkhovna Rada of Ukraine renamed the holiday into the Day of Defenders and Defendresses of Ukraine.
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- Trend News Agency) BAKU, Azerbaijan, October 18.
building will be constructed in the central part of Azerbaijan's
Fuzuli, Eldar Seyidov, Chief Consultant of the Special
Representative Office of the Azerbaijani President in the
territories of the Karabakh Economic Region liberated from Armenian
occupation, told reporters, Trend 's Karabakh Bureau reports.
"An area of more than 12 hectares has been allocated for this,
and an area of more than 4.4 hectares is envisaged for the
construction of the administrative building," he said.
He noted that a square will also be built on this territory, and
a park will be created on a 1-hectare plot. According to him, a
5-story administrative building will be constructed according to
the most modern world standards.
Seyidov also informed about the construction of residential
neighborhoods. According to him, 12 out of 38 buildings in the 1st
residential quarter have already been built, the population has
already been moved there, and construction of other buildings
continues. In addition, two more residential quarters will be built
"The 2nd and 3rd residential quarters will accommodate a total
of more than 5,200 people. There will be 653 apartments in the 2nd
residential quarter and 863 apartments in the 3rd residential
quarter. The apartments will be one-, two-, three-, and
four-bedroom units," he added.
He also noted that there will be non-residential premises under
the buildings, as well as a recreation area in the yard and bicycle
and ground parking lots. The buildings of the complex will be
provided with a permanent water supply, electricity, and high-speed
internet. Heating and hot water supply will be provided by a
centralized boiler house. Natural, heat-intensive materials will be
used in the construction of the buildings.
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(MENAFN- Daily News Egypt) An official at Telecom Egypt stated in special remarks to Daily News Egypt that the company's mobile lines arrived yesterday to the stores of the company in preparation for public offering within a few days. This coincides with the launch of mobile services, he said.
The official added that the National Telecommunications Regulatory Authority (NTRA) will likely approve the launch of mobile and fourth generation services for the company following the Eid holiday.
Telecom Egypt has been granted a licence to provide 4G services in October 2016. The company will be offering mobile services (second and third generation) as a virtual operator through reliance on mobile networks of other companies (Vodafone, Orange, and Etisalat) in the so-called local roaming until the company completes building its infrastructure. It has also been granted 15 mbps for 4G services.
An official at Telecom Egypt said that the company signed a local roaming agreement with a single company in Egypt, Etisalat, next to a memorandum of understanding (MoU) in principle with Orange.
Telecom Egypt's earnings rose 22% year-on-year (y-o-y) to EGP 1.27bn in the second quarter (Q2) of this year, in line with an increase in revenue.
The consolidated financial statements showed that it achieved revenues of EGP 4.64bn during the three months ending June, compared to revenues of EGP 3.29bn in the same period last year.
The company's market share of high-speed internet reached 77%, an increase in the number of subscriptions by 15% compared to Q2 of last year.
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Our View: . . . And revisionist history?
President Obama’s skewed sense of history was exposed Monday when he accused Mitt Romney of wanting to “import” the foreign policy of the ’80s, the social policies of the ’50s, and the economic…
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(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Sept 13 (KUNA) -- Chinese Ambassador to Kuwait Zhang Jianwei affirmed that Kuwaiti-Chinese relations have prominently developed, noting that China seeks to boost economic and trade ties with Kuwait.
In press conference held in China Cultural Center on Wednesday, the ambassador said that Kuwait is the first GCC country to establish diplomatic ties with China, and the first Arab country to sign a memorandum of understanding with China on joint-construction, as part of the Belt and Road Initiative.
The ambassador spoke of the visit of Kuwait's late Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to China, where he and President Xi Jinping announced establishing strategic joint relations. He added that these ties have significantly developed in the past few years, thanks to efforts of Jinping, His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.
Speaking of the upcoming visit of His Highness the Crown Prince to China, the ambassador affirmed that it will enhance relations further between the two countries.
Jianwei noted that 60 Chinese companies are taking part in over 80 infrastructure projects in Kuwait. He added that economic and trade exchange between Kuwait and China reached USD 31.48 billion in 2022, with an annual raise of 42.3 percent.
Kuwait is the seventh biggest oil exporter country to China, who imported 33.28 million tons of crude oil, with an annual raise of 10.34 percent, he said.
Meanwhile, he said that China played a positive role as a medium in the Saudi-Iranian talks, by a request from both countries. This was a part of China's foreign policy that focuses on peace, development and cooperation.
Moreover, the ambassador affirmed that his country supports an independent Palestinian state with East Jerusalem as the capital, adding that China refuses the use of force to end conflicts and believes in negotiations. (end)
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Area Concordia students travel abroad
Two area students took part in the May Seminars program at Concordia University in Moorhead, which enabled them to travel abroad for study seminars.
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(MENAFN- Trend News Agency ) Russia will resume regular air service with Bahrain, the Dominican Republic, and Moldova from August 9, the national anti-coronavirus crisis center said, Trend reports citing TASS .
"Following a discussion and taking into account the epidemiological situation in individual countries, it was decided to resume, on a mutual basis, regular air service with the following countries: Bahrain (two flights Moscow-Manama a week), the Dominican Republic (three flights Moscow-Punta Cana, Moscow-La Romana, Moscow-Puerto Plata a week), Moldova (three flights Moscow-Chisinau a week)," it said.
By now, Russia has resumed air service with 48 world nations. Flights to two more countries - France and the Czech Republic - will be resumed from July 28. However, suspension of air service with Tanzania has been extended until August 17 due to the epidemiological situation in that country.
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(MENAFN- IANS) Patna, June 9 (IANS) After notification for recruitment of teachers for 1.70 lakh posts, the Bihar government's General Administration Department has issued notification for the recruitment of constables in the state police.
The eligible candidates will get direct recruitment for the job. The department has sanctioned 21,391 posts for direct recruitment with attractive salaries, in payscale of Rs 21,700-Rs 69, 100.
With around 70,000 posts of different ranks in the police department vacant now, the nod for recruitment of constables was given by the cabinet 10 days ago.
The candidates can apply for the posts from June 20 and the last date of filing the application is July 20.
Tweeting the notification, Deputy Chief Minister Tejashwi Yadav claimed that his poll promise to provide 10 lakh jobs will be achieved through such moves of the Bihar government.
The Mahagathbandhan leaders believe that unemployment will be the key issue in Lok Sabha election and the poll promise of the Narendra Modi government to provide 2 crore jobs per year has miserably failed.
Tejashwi Yadav, during the 2020 Assembly elections, had promised to provide 10 lakh jobs when his party came to power in Bihar. After the formation of the Mahagathbandhan government, Nitish Kumar announced 20 lakh jobs in Bihar.
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(MENAFN- UkrinForm) Personnel of the Armed Forces of Ukraine learn in the UK to destroy tanks under the guidance of British instructors.
“Soldiers from the 5 Rifles led training in an urban exercise as part of UK training of Ukrainian Armed Forces. Partner Forces learn skill at arms on weapons systems and how to stalk a tank to destroy it from a distance, whilst remaining concealed. This was a serial during an Urban exercise about the basics of operating in rural environments. 5 RIFLES instructors instruct the Partners Forces to operate in the urban area due to the nature of modern conflict,” the General Staff of the Armed Forces of Ukraine posted on Facebook .
As noted, the Ministry of Defence of the United Kingdom of Great Britain and Northern Ireland continues to inform about Ukrainian soldiers have arrived in the UK as part of the new UK-led military training programme.
The UK has a long history of supporting Ukrainian service personnel through Operation Orbital. The training will give volunteer recruits with little to no military experience the skills to be effective in frontline combat.
On August 12, British Defence Secretary Ben Wallace said that the UK had the ability and intentions to train more Ukrainian military personnel than previously planned.
Photo credit: General Staff of the Armed Forces of Ukraine
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(MENAFN- Khaleej Times) A sales executive, who availed of telecommunication services in a fraudulent way that generated bills totalling Dh596,881, has been sentenced to six months in jail.
Public prosecution records show the Egyptian executive, 36, forged 198 application forms for SIM cards and 35 other forms for smart phones in the names of various corporates and individuals on documents he faked others' signatures on.
The wrongdoings lasted from January 2015 to September 2016. The court found him guilty of embezzlement of public funds, forgery and use of fake e-documents and unlawfully availing of telecom services. It ordered him to pay a fine worth the money he embezzled and that he be deported after completing the terms of his sentence.
The defendant had been working for a company, which was in a contractual relation with the telecom firm. His job was to verify the customers' original documents and after accepting and processing the applications, to stamp them with the telecom firm's seal, then enter the data in the system and collect the due fees. Prosecution records show the defendant abused his post and issued 198 applications for post -paid numbers and 35 other applications for smart phones. He entered details in the e- system in the names of various corporates and individuals with forged signatures.
He used his access privilege and fraudulently availed of the services. "We found many applications were done and issued without payment of the necessary dues," an audit expert told the prosecutor.
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(MENAFN) In a significant development, the United National Liberation Front (UNLF), the oldest militant group in Manipur state, India's northeast, has signed a peace agreement with the federal government. The truce, announced by India's Home Minister Amit Shah, is deemed a "historic milestone" and marks the first time a valley-based armed group from Manipur has chosen reconciliation by renouncing violence and committing to honor the Constitution of India. The move comes amid a deadly ethnic conflict that has persisted since May, displacing millions of people in the region.
The UNLF, representing the Meitei ethnic group, has been engaged in a guerrilla war since its formation in 1964, aiming to establish an "independent, sovereign Manipur." The group had sought alliances with China and pursued territorial claims, including the Kabow Valley in Myanmar. Over the decades, the UNLF operated from bases in Myanmar and parts of Bangladesh.
The peace agreement with the UNLF assumes significance against the backdrop of the government's recent extension of a ban on the group and other organizations in Manipur, designating them "unlawful associations" under the Unlawful Activities Prevention Act (UAPA).
The development raises questions about the dynamics of the peace process, the aspirations of ethnic groups in Manipur, and the broader implications for stability in India's northeast.
This article explores the historical context of the UNLF's armed struggle, the complexities of the ethnic conflict in Manipur, and the potential impact of the peace agreement on the region's socio-political landscape. It delves into the challenges and opportunities for lasting reconciliation, emphasizing the significance of this development in the context of India's efforts to address longstanding ethnic tensions.
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(MENAFN- Kuwait News Agency (KUNA)) PARIS, Oct 27 (KUNA) -- Syria bears full responsibility for a chemical weapons attack last April in the town of Khan Sheikhoun, when 83 people perished, and has committed "grave violations" of an agreement Damascus signed in 2013 to dismantle chemical and WMD delivery systems, the French government said on Friday.
In a statement, French Foreign Minister Jean-Yves Le Drian noted that a report by the Organisation for Prohibition of Chemical Weapons (OPCW) has "concluded without ambiguity on the responsibility of the Syrian regime in the Khan Sheikhoun attack" and that the information obtained shows "credible and reliable proof" of this.
The OPCW attack also pinpointed a chemical weapons use by so-called Islamic State in Um Huch in September 2016.
These two uses of WMD come after three earlier uses of chemical weapons identified by the UN Joint Investigation Mechanism (JIM) and attributed to the Syrian regime and one other earlier use by so-called Islamic State.
Le Drian said Damascus was in clear violation of UN Resolution 2118 which governed the disarmament and destruction of Syrian chemical weapons.
France will continue to work with its partners "to determine the best way to sanction those responsible for these attacks (and) to fight against chemical proliferation," the Foreign Minister said.
Le Drian heads to New York at the end of October as France assumes the President of the UN Security Council and the WMD report and issues related will be on his agenda, diplomats said.
France's Chief Diplomat said that the JIM must be allowed to continue its work at a time when Russia is blocking certain extensions to investigations on chemical weapons use in the conflict.
The JIM must be able "to continue to document cases of the use of chemical weapons now matter by whom, State actors or non-State," he affirmed.
France will work within the UN Security Council to renew the mandate for the JIM, which must take place before November 17, Le Drian remarked. (end) jk.gta
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 1. Romania intends tostep up efforts in a promising project to purchase liquefiednatural gas (LNG) from Azerbaijan, potentially sourcing it from theState Oil Company of Azerbaijan Republic (SOCAR) terminal in theGeorgian port of Kulevi and transporting it in its liquefied formto the Romanian port of Constanza city, said Romanian EnergyMinister Sebastian-Ioan Burduja, Trend reports.
He made the statement during the 8th meeting of the JointCommission on economic-trade relations and scientific-technicalcooperation between the Government of Azerbaijan and Romania inBaku.
"Romania intends to develop LNG terminal projects in Constanza,and Azerbaijan is considering establishing an LNG terminal in theBlack Sea region. Given Romania's importance as the conduit forAzerbaijani gas to Europe, this possible agreement might benefitboth nations and the EU," he said.
Burduja also highlighted Romania's gas production and sales,recognizing the importance of energy resources in economicdevelopment.
According to an informed source, Romania intends to launch afeasibility study for transporting Azerbaijani gas via theBaku-Kulevi-Constanza route in 2023, as described in an agreementagreed in October 2022 in Bucharest by SOCAR and Romania'sRomgaz.
"The project may entail establishing an LNG plant (in Kulevi), aregasification facility (in Constanza), and other essentialinfrastructure for transporting gas from the Caspian Sea toRomania. In essence, the discussion revolved around establishingtwo terminals-one on the eastern and one on the western shores ofthe Black Sea-which, according to the Romanian perspective, willcontribute to diversifying gas supplies to Europe," the sourceemphasized.
According to him, the feasibility study may be ready in2024.
"Romania aims to establish itself as a gas hub and is currentlyin negotiations with various gas-producing countries, Azerbaijanincluded. However, our stance will be better defined once we havereviewed the feasibility study," the source added.
Stay up-to-date with more news at Trend News Agency'sWhatsApp channel
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Engie: Russian gas is to be paid in rubles
(MENAFN) Engie, the firm owned to French energy, has put all safety measures in mind to do pay back for Russian petrol provide put to EU restrictions, as reported by the firm’s economy sector.
The firm stated it had been in meetings with Gazprom, the huge firm of Russian energy, about the Russian demand to change its payment method for Russian petrol goods. Saying, “The Group has taken the necessary steps to be ready to execute on its payment obligations, as long as it is compliant with European sanctions’ framework and does not modify the balance of risks for ENGIE.”
Engie stated by the end of the previous month that it did not put the exact decision on the change of petrol payments in rubles. It estimated that a problem in Russian petrol provide will not exist till December of this year. Vladimir Putin, the president of Russia, noted 'unfriendly countries' have to immediately give fees for petrol provide in rubles following the suspension of Russian Central Bank currency assets upon the Ukraine conflict, on 31st of the previous month.
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(MENAFN- Jordan Times) AMMAN — Jordan's export rate of vegetables has been declining since 2016, and it is having a negative impact on farmers in the Jordan Valley.
“Jordan's export rate of vegetables has declined by over 50 per cent over the past five years,” according to statistics from the International Trade Centre (ITC).
According to the ITC website, their calculations are based on data from the Department of Statistics.
The statistics show that Jordan used to export vegetables worth over $400,000,000 annually. However, the total vegetable export in 2020 did not exceed $200,000,000 according to the ITC website.
During 2020 Jordan exported vegetables to 34 countries worldwide.
Jordan's top vegetable export markets are Saudi Arabia, Kuwait, the UAE, Bahrain and Oman.
“Jordanian farmers are financially exhausted and most of the farmers are withdrawing from the market,” said a Jordanian vegetable exporter who preferred to remain anonymous.
He continued by saying that farmers have lost major markets in Gulf Cooperation Countries (GCC) and Europe, and Jordan's vegetable exports are declining further.
He believes that Jordanian farmers can win back market share if the government assists in supporting Royal Jordanian Airlines (RJ) in carrying Jordanian produce to Europe and the GCC, he noted.
“The cost of production per square metre in Jordan is much higher than neighbouring countries,” the source added.
He further noted that costs of production, alongside energy and water costs, are high. Labour costs currently contribute to 25 per cent of the overall production cost.
The source noted that adopting Standard Operation Procedures (SOP) will enable Jordan produce to be sold as a standardised quality produce in international auctions. He finally noted that international brokers do not sell items that do not comply with international standards represented by the SOPs.
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(MENAFN- Asia Times)
Four asylum seekers were sentenced at Sha Tin Magistrates Court on Monday to 15 months in prison for working illegally in Hong Kong.
Officers from the Immigration Department raided an educational institute in Wan Chai on Hong Kong Island on February 22 and arrested two Indian men, both aged 26, after they were caught disposing of garbage, according to a government release.
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In another joint operation by the Immigration and Labor departments and police on the same day, officers caught a 52-year-old woman and a 57-year-old man, both Vietnamese, working illegally in a restaurant in Sheung Wan on Hong Kong Island as dishwashers.
An employer suspected of hiring illegal workers was also arrested.
Hong Kong does not allow refugees or asylum seekers to work or establish or join any business during their stay in the city. Offenders are liable upon conviction to a maximum fine of HK$50,000 (US$6,385) and up to three years' imprisonment.
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House DFLers propose property tax relief plan
State Representative Jay McNamar, DFL-Elbow Lake, released details on Wednesday about a $250 million property tax relief package for Minnesotans.
He said it includes direct property tax relief to homeowners and renters in west central Minnesota and modernizes the state's local government aid formula, including additional property tax relief to communities across Minnesota.
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WASHINGTON - After 40 years in business, APCO is refreshing its brand, which includes dropping the word“Worldwide” from its name.
The brand refresh“signals a forward-looking approach, grounded in the firm's commitment to guiding clients through global complexities by fostering un/common ground to drive progress,” APCO said.
The centerpiece of APCO's new identity is the 'Uncommon A,' a symbol that is part of the firm's logo and is designed to differentiate APCO's offerings. The symbol's dual nature (the letter looks like any other A on one side, but is missing a leg on the other) embodies APCO's traditional roots and its future defined by adaptability and creative problem-solving, APCO said.
Changing the agency's name to APCO from APCO Worldwide shows the agency's belief in actions speaking louder than words, meaning the agency's active global presence negates the need to explain it in a name.
“We have heard from
time and again that APCO has a 'superpower' to work as a single, global firm with key relationships worldwide, making valuable connections that are critical for clients' success,” Founder and executive chairman Margery Kraus said.
“Demonstrated by our 40-year record of impactful work for clients, our team's diverse and relevant expertise and knowledge, and integrated approach and capabilities, APCO has a special and authentic culture and character, bolstered by our people, that inform and enable our perspectives and work. I am proud of what we have achieved and excited about how our new brand reflects our heritage while representing where we are going in the future and the legacy our organization is creating,” Kraus said.
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(MENAFN- Bangladesh Monitor)
Dhaka: The government has increased prices of fuel effective from August 6.
At the consumer level, the retail prices of diesel and kerosene within 40 km of fuel depots is now BDT 114 per litre. Octane per litre is BDT 135 and petrol is BDT 130, said the Energy Division.
Price of diesel and kerosene was BDT 80 per litre till August 5, which was BDT 65 in October.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid said, 'The Awami League government always takes decisions considering the comfort and convenience of the people. As long as it was possible, the government did not think about increasing the prices of fuel.”
“However, in this situation, the government has adjusted the fuel prices finding no other alternatives. In April 2016, the government reduced the prices of fuel. When the situation improves, prices will be revised accordingly.'
According to a notification from the Power, Energy and Mineral Resources Ministry, 'Due to the rise of oil prices in the global market, several countries, including our neighbours, regularly adjust fuel prices. India has fixed the price of diesel at Rs 92.76 per litre and petrol at Rs 106.03 per litre in Kolkata from May 22, which still exists.”
“In Bangladesh it stands at BDT 114.09 and at BDT 130.42 respectively. In comparison to Kolkata, Bangladesh sold diesel at a lower price of BDT 34.09 per litre and petrol at BDT 44.42. Increasing the price was a matter of time.'
'It is to be noted that Bangladesh Petroleum Corporation incurred a loss of BDT 8,014.51 crore in the last six months (from February 2022 to July 2022) in fuel sales (all products),” said the notification signed by Mir Mohammad Aslam Uddin, Deputy Chief Information Officer of Ministry of Power, Energy and Mineral Resources.
“At present, due to the international oil market situation, reasonable price adjustment has become essential to keep the import activities of BPC normal,' it added.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 16. The value of exports
from Latvia to Tajikistan grew almost two times or by 323,883 euro
in February 2023 compared to January 2023 – from 342,711 euro up to
666,594 euro, trend reports with reference to Eurostat.
According to the agency, the bulk of Tajikistan's imports from
Latvia during the period under review fell on the products of the
chemical or allied industries – 447,196 euro. The figure increased
by 2.1 times compared to January 2023 (212,428 euro).
In February 2023, Tajikistan imported from Latvia base metals
and articles of thereof for 140,198 euro, various vehicles and
transport equipment for 26,150 euro, and machinery and mechanical
appliances for 1,629 euro.
Overall, Tajikistan imported from Latvia goods for 8.2 million
euro in 2022, which is 3 percent more than 7.9 million euro in
2021. Tajikistan's exports to Latvia last year amounted o 144,089
euro, increasing by 3.2 times over 43,980 euro in 2021.
The value of trade turnover between Tajikistan and EU countries
exceeded 84 million euros in from January through February
During the specified period, Tajikistan imported goods from the
EU countries for more than 56.4 million euros. The value of
Tajikistan's exports to the EU totaled 27.6 million from January
through February 2023.
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(MENAFN- Knight Frank Middle East ) Dubai, UAE, 14th September 2021
Knight Frank Middle East continues to strengthen its UAE StratCon Advisory (Real Estate Strategy, Healthcare and Education) teams across the Middle East and Africa, assembling a very strong team of leading industry experts, with over 50 years of accumulative experience.
The real estate advisory teams are spearheaded by one of the Senior Partners at the firm Shehzad Jamal, who has over 18 years of experience in corporate finance (equity & intangible asset valuation and restructuring), real estate and alternative asset segments. Shehzad has undertaken assignments in various geographies including GCC countries, Egypt, Tunisia, Uzbekistan, Pakistan, Indonesia, Kenya and UK.
As a result of how successfully Shehzad established the firms Middle East Healthcare and Education departments in the market, he also now leads the firm’s UAE Real Estate Advisory business supported by a robust team which has gone from strength to strength, even in challenging market conditions over the last 18 months.
Shehzad Jamal, Partner at Knight Frank Middle East, comments: "We take pride in our collaborative approach and having a relationship with our clients that emulates a partnership. This has resulted in creating long term relationship with our clients and makes us the first point of call for the companies we have worked with.”
In the Middle East, from its strategically positioned offices in Dubai and Saudi Arabia, Knight Frank provides integrated residential and commercial real estate transaction, consultancy and management services across the United Arab Emirates, the Middle East and globally for the last 12 years. Across the world, Knight Frank LLP is the leading independent global
property consultancy, serving its clients for 125 years, with the most comprehensive network of any real estate advisor in the world.
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Singapore, Jan 25 (IANS) Singapore's central bank tightened its monetary policy on Tuesday in its first out-of-cycle move in seven years as inflationary pressures driven by global supply constraints build up in the region.
The Monetary Authority of Singapore (MAS) said in its latest monetary policy statement that it will raise slightly the rate of appreciation of the Singapore dollar Nominal Effective Exchange Rate policy band, while the width of the policy band and the level at which it is centred will be unchanged, reports Xinhua news agency.
This move builds on the pre-emptive shift to an appreciating stance in October 2021 and is appropriate for ensuring medium-term price stability, it added.
The central bank said that the Singapore economy remains on track to grow at a creditable pace of 3 to 5 per cent this year, and the output gap is expected to turn slightly positive.
The authority forecasts that the MAS Core Inflation will be higher in the near term in view of rapidly accumulating external and domestic cost pressures, and could reach 3 per cent by the middle of this year before moderating.
'While core inflation is expected to moderate in the second half of the year from the elevated levels in the first half as supply constraints ease, the risks remain skewed to the upside,' it added.
The central bank said that it is revising its inflation forecasts for 2022. MAS Core Inflation is now projected to be 2.0-3.0 per cent this year, from the 1.0-2.0 percent expected in October 2021.
Meanwhile, CPI-All Items inflation is expected to be 2.5-3.5 per cent, from the earlier forecast range of 1.5-2.5 per cent.
Singapore's MAS Core Inflation excludes the costs of accommodation and private transport, and CPI-All Items inflation represents the rise in consumer price index for all items.
MAS usually publishes the bi-annual monetary policy statements in April and October.
The last time the authority published this statement in an off-cycle move was in January 2015.
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(MENAFN- UkrinForm) Prime Minister Denys Shmyhal held the first online conversation with U.S. Special Representative for Ukraine's Economic Recovery Penny Pritzker.
The Prime Minister noted that Ukraine was interested in involving U.S. business in the country's restoration.
Shmyhal also informed Pritzker about the vision for Ukraine's recovery and outlined the needs for each of the priorities of fast recovery: energy, demining, restoration of housing, critical infrastructure and economy.
"I thanked USAID for joint business support programs that contribute to the creation of new jobs. We are working with the World Bank to address the needs for post-war reconstruction. I emphasized that the aggressor has to pay for the damage caused. The key tool for this is the confiscation of frozen Russian assets for the recovery of Ukraine," the Head of Government posted on Telegram . Read also: Zelensky discusses priority areas of Ukraine's reconstruction with U.S. Special Representative
According to him, the development of logistics is among the important elements of economic growth. Shmyhal and Pritzker discussed the expansion of solidarity lanes and war risk insurance.
"We are making progress in reforms on the path towards the EU and NATO and in digitalization. Separately, I focused on the veteran policy and the integration of the military into the socio-economic life of the country," Shmyhal noted.
The Prime Minister also thanked the United States for supporting Ukraine's restoration.
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(MENAFN) On Wednesday, Turkish Airlines said the flag carriers of Turkey and Serbia had signed an agreement to expand their commercial collaboration.
The agreement will help Turkish Airlines as well as Air Serbia to offer more competitive and affordable flights between the two nations and to develop the quality of facilities.
The new MoU was signed at the International Air Transport Association (IATA) annual conference held in Doha, Qatar from June 19-21.
From the beginning of July, Air Serbia will offer new flights on the Belgrade-Istanbul route, while Turkish Airlines will allocate jumbo jets to this route twice a week.
As part of the Memorandum of Understanding, the two parties will discuss to improve the current collaboration in terms of codeshare, freight as well as frequent flyer program (FFP), while developing cooperation alternatives on passenger lounges in their networks.
Opened in 1933, Turkish Airlines offers flights to more than 340 international passenger and cargo destinations in 129 countries.
Air Serbia has been a leader in the flight industry in South Eastern Europe since its establishment in 1927.
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(MENAFN- IANS) Colombo, Sep 22 (IANS) Sri Lankan President Ranil Wickremesinghe said on Thursday that countries like Sri Lanka find it hard to remain neutral and non-aligned amidst superpowers' rivalries and new alliances.
"Neutral nations like Sri Lanka in the global South find themselves caught between shifting global power dynamics," President Wickremesinghe said while addressing the United Nations General Assembly (UNGA) in New York.
He asserted that global power conflicts are adding economic uncertainty, disrupting supply chains and causing inflation, food, and energy insecurity worldwide.
"The war in Ukraine has far-reaching and severe financial and humanitarian repercussions on food, hunger and debt in all parts of the world including Sri Lanka. It is recalled that the UN Charter vests on powerful states in the Security Council the responsibility to maintain international peace and security and to deescalate rather than ignite conflict," Wickremesinghe said.
"We need to halt the momentum where this and other big power tensions are spilling over into established areas of international rules-based cooperation forged over decades of multilateral negotiation, ranging from international trade to ocean governance," he added.
Wickremesinghe also pointed out that despite promises of assistance by rich countries in the area of climate change mitigation which impacts countries such as Sri Lanka, "rich countries have not been delivering to expectations".
"While key issues such as the Bridgetown Initiative and the necessity to address the debt of low-income countries are being discussed in this Assembly, it is not commanding the attention it deserves," he said.
"Unfortunately, the Security Council has failed to give priority to these connected issues of climate change, debt relief and sustainable development. This impacts the future of mankind. The survival of the planet must be our priority, we cannot afford to go into this war with a divided high command. The future of all species on the globe is dependent on our ability to put aside our rivalries until this crisis is solved," he added.
Sri Lanka's head of state also pledged before the UNGA that his country is committed to climate action.
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(MENAFN - UkrinForm)President Volodymyr Zelensky has said that Ukraine is carrying out a transformation that really brings Ukraine closer to joining the European Union.
According to the president’s , Zelensky said that by implementing the Association Agreement with the European Union, Ukraine has progressed so far that the modernization of the Agreement is a fair task, which Ukraine is already working on with European partners.
"Ukrainians are already influencing our common European destiny. It is on our land that the future of Europe is being decided. We will ensure full integration of Ukraine into the commonwealth of European countries, and this will prove that the basic values of freedom, democracy and equality on our continent are key elements of large-scale progress and development," Zelensky said.
As reported, at the invitation of Polish President Andrzej Duda, President of Ukraine Volodymyr Zelensky together with the leaders of Estonia, Latvia and Lithuania took part in the festivities on the occasion of the 230th anniversary of the 3 May Constitution, the first valid document in Europe comparable to modern constitutions.
During the visit, the leaders discussed common future in Europe and the main challenges facing Europeans. It was confirmed that the inalienable values for societies are: freedom, sovereignty, territorial integrity, democracy, rule of law, equality and solidarity. This is reflected in the five-party declaration signed by the leaders of Poland, Ukraine, Estonia, Latvia and Lithuania: a united Europe must be open to all countries and peoples who share common values. This is an important signal of support for Ukraine's European integration aspirations.
Volodymyr Zelensky and Andrzej Duda also signed a joint bilateral Declaration on Ukraine's European Prospect. This is the second such document concluded between Ukraine and the EU country.
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(MENAFN- Bangladesh Monitor)
Dhaka: Bangladesh International Hotel Association (BIHA) has selected Md Shakawath Hossain, Chief Executive Officer (CEO) of Unique Hotel and Resorts PLC as the Co-Chairman of its standing committee of Planning and Development for the advancement of the hotel industry in Bangladesh.
Considering his contribution and leadership role in the hospitality industry, Shakawath is the first Bangladeshi to be assigned in this role.
Bangladesh International Hotel Association (BIHA) established in 1980 is an apex organisation in Bangladeshi hospitality industry. The extension of the membership from the major hotel groups, boutique, heritage, and large, medium-sized and smaller hotels, represents the entire spectrum of the industry.
Shakawath is the youngest professional in the hospitality industry to be assigned such a role of managing three leading hotel brands in Bangladesh as the CEO of the leading hospitality service provider company in the country - Unique Hotel and Resorts PLC.
Shakawath is a veteran contributor and leader in the hospitality and tourism Industry in Bangladesh with over 20 years of experience working in multiple leadership roles for Marriott International and Starwood Hotels and Resorts.
He was appointed the youngest Resident Manager by Marriott International for The Westin Dhaka and simultaneously acted as the General Manager of the hotel.
He led the team to generate the highest revenue and won multiple international and local awards for the hotel from 2017 to 2019.
Shakawath has received many accolades throughout his career for achieving exceptional results.
He received the Asian Curry Award-2021 for his impactful contribution, influence, and leadership in the industry. Lately, he received the Bright Alumni recognition of the Department of Tourism and Hospitality Management from the University of Dhaka.
In addition, Shakawath holds a Master's in Business Administration (MBA) and has completed his Master of Philosophy (MPhil) in Tourism and Hospitality Management from the University of Dhaka.
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Tommy Hilfiger, Calvin Klein stores to reopen in Russia with new names
(MENAFN) US clothing brands Tommy Hilfiger and Calvin Klein could see a resurgence in Russia this year, albeit with different brand names, according to Pavel Lyulin, the vice president of the Russian Union of Shopping Centers. This potential revival comes after PVH Corp., the parent company of these American fashion brands, transferred its Russian market operations to local management in mid-August. Under the new management, a locally registered entity known as 'Retail Excellence' has been established to take charge of more than 150 stores across Russia.
The discussions surrounding the fate of these popular clothing stores have been ongoing since the transition of PVH Corp.'s Russian operations. It appears that the intention is to continue their presence in the Russian market, albeit with changes in branding. This development reflects the resilience of these iconic fashion brands and their commitment to maintaining a presence in Russia's retail landscape.
The move to hand over operations to a local management entity signifies a shift in strategy for PVH Corp. as it seeks to adapt to the changing dynamics of the Russian market. While the rebranding of the stores may raise curiosity among consumers, it also signals a desire to adapt and thrive in the ever-evolving fashion retail sector.
In summary, there are indications that Tommy Hilfiger and Calvin Klein stores in Russia could make a comeback this year under new names, following the transfer of their operations to local management. This strategic shift underscores the brands' determination to maintain their presence in the Russian market and adapt to changing consumer preferences. The rebranding initiative reflects a broader trend of global companies seeking to navigate the complexities of the Russian retail landscape.
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(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, Dec 7 (KUNA) -- EU High Representative Federica Mogherini announced Thursday that she will meet Jordanian foreign minister Ayman Safadi in Brussels tomorrow to discuss the latest developments regarding Jerusalem.
"Jordan has a very special role when it comes to the holy places. His Majesty the King of Jordan is the custodian of the holy places (in Jeruslaem) and he is a very wise man. He deserves and needs all our support and I believe we must all listen to him in these difficult times," she told a press conference here today.
She stressed that the EU is now more convinced to play an active role in trying to re-launch the Middle East Peace Process and give the horizon of the two states a chance.
"What happens in Jerusalem is a matter for the whole region and the entire world," she said.
"The Arab Peace Initiative remains for us a point of reference for any re-launch of negotiations," stated the EU foreign policy chief.
"President Trumpآ's announcement on Jerusalem has a very potential worrisome impact.. and to send us backwards to even darker times than the ones we are already living in," she said.
She warned that the US move to recognize Jerusalem as the capital of Israel "could diminish the potential role that the US can play in the region and create more confusion around this." The EU will keep working with the Quartet (US, Russia, UN, EU) including a larger format with the key regional players Jordan, Egypt and Saudi Arabia, she added.
On Monday in Brussels, EU foreign ministers will meet Israeli Prime Minister Benjamin Netnyahu to discuss the Jerusalem issue, said Mogherini. (end) nk.mt
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(MENAFN- UkrinForm) Prosecutor General of Ukraine Andriy Kostin in Washington discussed deepening cooperation with the US Federal Bureau of Investigation in combating crimes against cultural heritage.
The Office of the Prosecutor General reports this on Telegram , according to Ukrinform.
"Russian aggression has caused unprecedented damage to the cultural heritage of Ukraine. More than 600 historical monuments have been damaged or destroyed. Looting and illegal export of cultural property continues in the temporarily occupied territories. The scale of these crimes requires a decisive and coordinated response," Kostin said.
The Prosecutor General stated that the FBI has unique experience in this area, including the use of international cooperation mechanisms to search for and return illegally exported Ukrainian cultural property, as well as the creation of a register of stolen objects.
UNESCO confirms damage to 290 cultural
objects in Ukraine
"Only after the end of the hostilities will we be able to fully assess the damage caused to the cultural heritage of our country. But we are already intensifying our efforts to bring to justice all crimes against Ukrainians and Ukrainian culture," Kostin said.
As reported by Ukrinform, during his official visit to the United States, Kostin agreed to strengthen cooperation between the Ukrainian group for the search, seizure and confiscation of assets Task Force UA and the KleptoCapture group of the US Department of Justice, which will help ensure further confiscation of assets of Russian oligarchs.
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(MENAFN- Bangladesh Monitor) Dhaka : On World Wildlife Day, renowned photographer Afzal Karim organised his second solo wildlife photography exhibition named Life in the Wild where he exhibited 93 beautiful photos of wildlife, nature and birds from our country as well as abroad.
The three-day long exhibition took place at the capital’s Gallery Chitrak from March 3-5, 2023, visited by several photography, art and nature enthusiasts.
Nature is made of wildlife, plants and many other elements of environment. People’s incognisance towards wildlife are putting them at risk and leading them towards extinction. Hence, nature is suffering from an imbalance.
Therefore, to protect wildlife and raise awareness among people, photographer Afzal Karim organised this exhibition.
‘We now see the youth suffering from severe depression. To prevent it, they should get more involved with nature and wildlife. They will be content taking photographs of beautiful wildlife and birds that our nature blesses us with,’ said Afzal Karim.
The dignitaries who attended the exhibition also urged everyone to work together in increasing awareness to protect the environment, nature and wildlife.
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(MENAFN- Khaleej Times) Thu 25 Nov 2021, 9:54 AM
Gold prices edged up as the US dollar eased slightly on Thursday morning.
Spot gold rose 0.16 per cent to $1,792.41 per ounce by 9.30 am UAE time.
In the UAE, 24K rose Dh0.75 per gram from Wednesday's close to Dh217.0 on Thursday morning. While 22K, 21K and 18K opened at Dh204.0, Dh194.5 and Dh166.75 per gram, respectively.
The dollar index edged 0.1 per cent lower off its highest in 16 months hit on Wednesday, reducing the metal's cost to buyers holding other currencies.
Comments from US Federal Reserve policymakers suggest that the central bank could accelerate stimulus tapering weighed on the yellow metal and kept it well below the key $1,800 mark.
Naeem Aslam, chief market analyst at AVA Trade, said to counter record high inflation, investors expect that the US Federal Reserve will likely move to a more contractionary monetary policy, meaning a likely surge in interest rates is not too far away.
“A rise in interest rates increases the opportunity cost of holding the precious metal and makes holding gold less appealing to investors. However, investors should keep in mind that despite a hawkish Fed, inflation is still rising and the coronavirus continuing to spread, meaning gold prices could jump moving forward,” he said.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 1. Austrian companiescan play a key role in supporting the Kazakh energy sector towardsa greener future, a source at Advantage Austria, the tradepromotion organization of the Austrian Federal Economic Chamber,told Trend .
"Austria has a strong green energy sector with outstanding firmsthat possess a plethora of expertise and cutting-edge technologies partnership in this sector will help Kazakhstan achieveits 2060 energy transition goals. Austrian enterprises with a solidbasis in renewable energy solutions, including hydroelectric power,wind energy, and solar power, might play a vital role in aiding theKazakh energy sector towards a greener future," the sourcesaid.
Concerning Austrian companies' participation in traditionalenergy projects, the source stated that there is only one globallyengaged energy company in Austria - OMV - and that AdvantageAustria has no knowledge regarding its involvement in Kazakhstanprojects.
Meanwhile, Kazakhstan's renewable energy installations generated6.675 billion kWh of electricity by the end of 2023. This volumeaccounts for 5.92 percent of total electrical energy production in2023.
The country currently has 147 renewable energy facilities (over100 kW) with an installed capacity of 2,903.54 MW: 59 wind powerplants with a capacity of 1,409.55 MW; 46 solar power plantfacilities with a capacity of 1,222.61 MW; 39 hydroelectric powerplants with a capacity of 269.605 MW; and three biogas power plantfacilities with a capacity of 1.77 MW.
Furthermore, by the end of 2023, 16 renewable energy facilitieswith a total installed capacity of 495.57 MW had been operational:12 wind farms with a total capacity of 437.1 MW in the Akmola andZhetysu regions, 2 hydroelectric power plants with a total capacityof 3.7 MW in the Almaty and Turkestan regions, and two solar powerplants with a capacity of 54.77 MW in the Turkestan region.
By 2027, it is planned to commission 25 renewable energyprojects with a capacity of 599.85 MW.
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Caused by oil theft, Nigerian oil exports are at their lowest level in 25 years
(MENAFN) According to data from its regulator, Nigeria's crude oil production fell below 1 million barrels per day (bpd) in August as the country battled rife pipeline theft.
As per figures from the Nigerian Upstream Petroleum Regulatory Commission, the nation's overall oil and condensates output fell to an annual low of 1.18 million bpd in August.
As shown by data from the Organization of the Petroleum Exporting Countries (OPEC), that is Nigeria's lowest daily average output since at least 1997. According to its data, production never dropped below 1.4 million bpd, even during what were dubbed "crippling militant attacks" in the Niger Delta in 2009–2010 and again in 2016.
A Shell executive stated in July that industrial-scale oil theft represents an "existential threat" to what is typically Africa's largest oil exporter, and President Muhammadu Buhari has stated that the issue is "enormously" affecting state finances.
Nigeria lost ground to Angola in July as Africa's top exporter.
Although the nation has the capacity to export close to 2 million bpd, its highest output this year was 1.68 million bpd in January.
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(MENAFN- Daily News Egypt) Egypt's Prime Minister Mostafa Madbouly has reviewed proposals, during a high-level ministerial meeting, to facilitate the movement of goods between Egypt and Africa, and to enhance transport networks.
The review took place in the presence of Minister of Transport Kamel El-Wazir and Minister of Trade and Industry Nevine Gamea.
Madbouly said Egypt is keen to strengthen relations with African countries, and increase trade exchange across the continent to achieve mutual benefit for all parties involved.
He also said that increasing the volume of trade exchange requires developing the means and methods of transportation across Africa, in order to reduce the final costs of goods.
During the meeting, El-Wazir presented a series of proposed projects that will be implemented in Egypt, and which will facilitate the movement of goods across Africa, in accordance with Egypt's Vision 2030.
He said that the projects include establishing new railways, land roads, and port projects; as well as developing maritime and river transport. This aims to achieve economic and social integration, and open many areas for sustainable development with various African countries.
Meanwhile, Gamea reviewed the proposals related to facilitating the movement of goods between Egypt and Africa through sea freight. This is based on statistics reflecting the volume of and most important Egyptian exports to Africa, and the volume of trade and investment exchange between the two sides.
Gamea said that the plan for promotional activities, which will be implemented between January 2021 and July 2022 and which targets a number of African countries, has been completed. The plan includes 602 trade missions, five trade weeks, and three buyer missions, in addition to an intensive programme of seminars and workshops in Egypt on ways to enter African markets.
The minister also presented number of challenges facing the exchange of trade between Egypt and Africa, including the high prices of freight and transportation across the continent. It also factors in the length of the shipping period, that may reach 38 days, in addition to the lack of regular shipping lines with a number of African markets.
She added that a third of African countries are landlocked, making it impossible to use maritime transport in trade exchange. As a result, this requires establishing hub ports and logistical areas, and means there is a greater reliance on other means of transport, such as railways and road transport.
In order to solve these problems, Gamea presented a number of proposals to adopt unconventional paths for the export of Egyptian goods and products, including a maritime shipping system.
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(MENAFN- Nam News Network)
PHNOM PENH, Aug 5 (NNN-AKP) – Chinese State Councillor and Foreign Minister, Wang Yi, attended the China-ASEAN foreign ministers' meeting here yesterday, during which the Chinese and ASEAN sides spoke highly of the achievements in their cooperation and pledged to build a closer China-ASEAN community with a shared future.
The meeting, co-chaired by Wang and Cambodian Deputy Prime Minister and Foreign Minister, Prak Sokhonn, was attended by the foreign ministers of the 10 member countries of ASEAN and ASEAN Secretary-General, Lim Jock Hoi.
Wang said, since Chinese President, Xi Jinping and leaders of ASEAN, jointly announced the establishment of the comprehensive strategic partnership in Nov, last year, the development of the partnership has got off to a good start with promising results yielded in various fields.
The two sides worked together to meet challenges from various spillovers, and jointly maintained the hard-won peace and stability in the region, safeguarding“an oasis of peace,” he said.
Regarding COVID-19, both sides showed solidarity in fighting the disease, and strengthened cooperation in emergency management so as to build“a shield of safety,” said Wang.
Both sides also jointly implemented the Regional Comprehensive Economic Partnership (RCEP) and accelerated connectivity, creating“a highland for development,” he said.
In addition, the two sides have strengthened cooperation to boost green development, address climate change, enhance ecological environmental protection, and promote energy transformation, while cementing public support by increasing direct flights, helping students from ASEAN countries to return to study in China, in an orderly manner, and strengthening exchanges and cooperation in culture, tourism, think tanks and sports, he said.
Wang said, China is willing to work with ASEAN to continue advancing the building of a peaceful, safe and secure, prosperous, beautiful and amicable home together, to implement the important consensuses reached by leaders of the two sides, to continue deepening comprehensive strategic partnership, and to build a closer China-ASEAN community with a shared future, so as to make greater contributions to regional peace and development.
Wang proposed the establishment of a China-ASEAN year of cooperation on agricultural development and food security, as well as, the issuance of a joint statement on food security cooperation at the China-ASEAN leaders' meeting.
The foreign ministers expressed satisfaction with the progress made in the RCEP implementation, and appreciated China for taking the lead in reaching a free trade agreement with ASEAN.
The meeting also approved an action plan of the China-ASEAN comprehensive strategic partnership, which will be submitted to the China-ASEAN leaders' meeting for endorsement.– NNN-AKP
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