BlackBerry Earns $900 Million From Patent Sale
Canadian technology firm BlackBerry (BB) said it earned $900 million U.S. from selling patents tied to its former smartphone business.
The wireless and mobile phone patents were purchased by privately held Malikie Innovations.
BlackBerry sold 32,000 patents related to mobile devices, messaging, and wireless networking, all of which are not part of the company's core business today.
The Waterloo, Ontario-based company said it will receive $170 million U.S. in cash upfront from Malikie and another $30 million U.S. over the next three years, as well as a structured annual royalty payment capped at $700 million U.S.
The deal bolsters BlackBerry's balance sheet at a time when the company reported having only $449 million U.S. in cash on hand during its latest quarter, down from a high of $2.3 billion U.S. in late 2019 before the COVID-19 pandemic.
Malikie is a subsidiary of Key Patent Innovations, an Irish intellectual property monetization company. Key Patent Innovations also owns patents and intellectual property tied to the OLED business, as well as data centres and network analytics.
The patent sale doesn't include about 2,000 patents that BlackBerry considers essential to its current and future operations.
The company is now primarily focused on Internet of Things (IoT) technologies and making software for self-driving vehicles.
BlackBerry's stock has declined 45% over the last year to trade at $5.19 per share.
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(MENAFN - NewsBytes)
Nepal to play their first ODI series against the Netherlands
24 May 2018
It's a historic moment for Nepalese cricket as the south Asian country will be plying their trade in a 2-match ODI series against the Netherlands in August.
Nepal became another nation to gain ODI status after they finished eight in the ICC World Cup Qualifier, which took place in March.
The two matches against Netherlands will be held on August 1 and 3.
Nepal, Netherlands brace for this historic moment
Nepal had last met Netherlands in 2018 World Cup Qualifier and lost the tie as the European outfit beat them by 45 runs.
Netherlands will be back to the ODI fold after a period of five long years.
Netherlands had lost their ODI status after a dismal performance in 2014 World Cup Qualifier.
Hence, this series beckons a historic moment for both sides.
Both sides will be looking to stake a claim
According to reports, Netherlands coach Ryan Campbell has stated that they are delighted to host Nepal at home.
The coach added that Netherlands cricket team want to show their fans what they are capable of.
He also felt that Nepal are an exciting opponent which makes this a crucial series.
Lamichhane brings star power for Nepal
Nepal's wrist-spinner Sandeep Lamichhane will be the star attraction of the series. The youngster got a chance to play in the IPL 2018 and he proved his mettle there. He is the only Nepalese cricketer to play in the cash rich league.
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(MENAFN- UkrinForm) The International Monetary Fund said its Executive Board on Friday (March 17) approved rule changes that would allow the Fund to greenlight new lending programs for countries facing 'exceptionally high uncertainty,' a move expected to pave the way for to the new program for Ukraine.
This is reported by reuters , according to Ukrinform.
As noted in the IMF's statement, the changes in the IMF's financial guarantee policy will apply to countries that are experiencing 'exogenous shocks that are beyond the control of the country authorities and the reach of their economic policies.'
Previously, the Fund's rules did not allow for non-emergency loans to be offered to countries facing high uncertainty as a result of war or natural disasters. Read also: imf finalizing new lending program worth $15.6b for ukraine - ft
The IMF said the rule changes would remove key obstacles to such loans, allowing official bilateral lenders and donors to provide advance repayment guarantees to the IMF and debt relief to the borrowing nation.
The report emphasizes that the IMF statement does not specifically mention Ukraine, but the amendments to the existing rules have been designed alongside the negotiations with the authorities in Kyiv regarding new financing facilities.
The fund said on Wednesday that its staff had made 'very good progress' in talks with Ukraine over the past week on policies that could form the basis of a new IMF lending program for the war-torn country.
As Ukrinform reported, earlier this week The Financial Times wrote that the IMF was finalizing a new lending program for Ukraine worth $15.6 billion.
The day before, on March 15, the IMF announced that in view of the productive joint work of the Fund's mission and the government of Ukraine on March 8-15 in Warsaw, they expect to complete the discussion of the new program for the Ukrainian side in the coming days.
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(MENAFN- The Peninsula) The Peninsula
Doha, Qatar: AXESS Batteries, a global leader in advanced battery technology, has achieved a significant milestone by receiving official approval from the Qatari Ministry of Interior Security Systems Department (MOI SSD).
This recognition highlights AXESS Batteries dedication to delivering cutting-edge and secure battery solutions for critical applications, particularly in the security and defense sectors.
AXESS battery is certified by UL, a globally recognised organisation known for its rigorous evaluation of products to ensure they meet the highest standards of safety and performance. The meticulous assessment conducted by MOI SSD underlines AXESS Batteries commitment to maintaining the highest standards of product quality, safety and performance.
The approval solidifies Axess Batteries reputation as a trusted partner for security agencies worldwide.
The Qatari Ministry of Interior Security Systems Department is instrumental in preserving national security, amplifying the significance of this endorsement.
AXESS Batteries remains committed to pushing the boundaries of battery technology to ensure the safety and security of its customers, both in Qatar and around the globe.
AXESS Batteries continues to lead the charge in battery technology, securing its position as a trusted battery for critical security and defense applications, with the MOI SSD approval serving as a testament to its dedication to excellence.
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(MENAFN- Qatar News Agency) The Republic of Senegal and Senelec (Societe National d'Electricite du Senegal) signed a guarantee today for the Tobene Power Project with the World Bank Group's International Development Association (IDA), Tobene Power S.A., Citibank and BNP Paribas.
Tobene Power S.A is an independent power producer (IPP) set up to develop, own, build and operate a 96 megawatt high efficiency heavy fuel oil power plant in Taiba Ndiaye, Dakar.
The power plant has the capacity to be converted to operate on natural gas, and will provide affordable and reliable power to Senelec, in turn supporting Senegal's electricity demand growth.
The World Bank's IDA guarantee will provide a mechanism to enhance credit for Senelec's payments to the project company. It will also be instrumental in attracting private capital funding to the Tobene Power Project. Currently under construction, the power plant is expected to begin commercial operation in early 2016.
The IDA guarantee complements the International Finance Corporation's (IFC) 90 million euro debt financing package to Tobene Power S.A. The IFC-arranged financing includes a 28.5 million euro loan for IFC's account, completed by syndicated loans from the UK-based Emerging Africa Infrastructure Fund (EAIF), the Netherlands Development Finance Company (FMO) and the West African Development Bank (BOAD).
The project is part of several World Bank Group initiatives in the sector, such as the Energy Sector Support Project, the Sustainable and Participatory Energy Management (PROGEDE), and the Sustainable Energy for All initiative.
The World Bank Group is also engaged with the Government of Senegal and other technical and financial partners in the development of an independent solar energy production project with a capacity of 50 to 100 MW, a component of the Scaling Solar program.
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(MENAFN- AzerNews) Türkiye provided technical equipment on Sunday to the Movement
of Mothers of Srebrenica and Zepa Enclaves, an activist association
representing 6,000 survivors who lost family members in the 1995
Srebrenica genocide, Azernews reports, citing
The Turkish Cooperation and Coordination Agency (TIKA) equipped
the association's office with modern technology.
Munira Subasic, the president of the association, said the
projects carried out by TIKA in every field in Bosnia and
Herzegovina and the support it gave them are very important for
The office carries out activities at the national and
international level to commemorate the victims of the genocide,
raise awareness in the international community and return displaced
people to their lands.
It was founded in 1996 by mothers who lost their spouses and
children after the Srebrenica genocide, in which over 8,000 Bosnian
Muslim men and boys were killed in the town, which the UN had
declared a "safe area."
The Bosniak Muslims were killed when Bosnian Serb forces
attacked Srebrenica in July 1995, despite the presence of Dutch
Serb forces were trying to wrest territory from Bosnian Muslims
and Croats to form a state.
The UN Security Council declared Srebrenica a "safe area" in the
spring of 1993. But troops led by Gen. Ratko Mladic overran the UN
zone. He was later found guilty of war crimes, crimes against
humanity and genocide.
Dutch troops failed to act as Serb forces occupied the area,
killing 2,000 men and boys on July 11, 1995 alone.
About 15,000 residents of Srebrenica fled to the surrounding
mountains, but Serb troops hunted them down and killed 6,000 more
The bodies of victims have been found in 570 areas across the
In 2007, the International Court of Justice at The Hague ruled
that a genocide had been committed in Srebrenica.
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Turkish religious head: "get married by 25"
(MENAFN) The president of Turkey's Directorate of Religious Affairs (Diyanet) has advised people to get married by age 25 at the latest, independent news website T24 said.
Saying that in Ottoman times women got married at an average age of 17 and men at an average age of 18, Ali Erbas told a television discussion program that the best ages to get married were between 18-25.
"After 25 years of age, it is then also difficult to fancy (them)," he said.
"That is the same for men and for our women. It becomes a difficult thing to accept one another."
Thus, he said, people should get married early but legally, just like his two daughters who had married as soon as they left university.
Erbas's directorate, which has an annual budget of 7.77 billion liras (USD1.98 billion), was now preparing to print "maybe hundreds of thousands" of copies of handbook explaining where the Gulen movement and the Islamic State (ISIS), which are both recognized as terrorist organizations in Turkey, went wrong in their understanding of Islam, he said.
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(MENAFN- EIN Presswire)
BALTIMORE, MARYLAND, UNITED STATES, June 9, 2022 /EINPresswire.com / -- Los Hermanos 1978 tequilas landed high marks at the 2022 SIP Awards , the only internationally recognized consumer judging spirits competition unaffected by industry bias.
In its 14th year of record-breaking growth, the 2022 competition saw a new record high of over 1,270 spirit and mixer brand entries from all over the world. This large field of entrants makes even a SIP Awards Bronze medal an impressive accomplishment, as many competitors went home without any recognition.
'We're thrilled that our Los Hermanos 1978 Blanco won Double Gold while our Reposado won Gold and the Innovation Award. Although our brand is very young, we knew we were creating a brand with broad consumer appeal and one that beverage drinkers will enjoy on any occasion', said Donta Henson, CEO. 'These awards are a great validation.'
Each consumer judge evaluates individual spirit brands based on aroma, taste, and finish and finish using the revolutionary NEAT glass. This process allows for a larger sample size of data to be collected and interpreted, ensuring that the best brands will shine and receive the recognition they deserve.'-Cher Holmes, Director of Operations. For more information, please visit
About Los Hermanos 1978
Los Hermanos 1978 is a Black and Veteran-owned company that produces two award-winning premium tequilas. Our tequilas are made with the quality and a taste that enthusiasts and the average person have praised.
Los Hermanos 1978
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(MENAFN- Muscat Daily) Being the Strategic Partner in Oman Legends Cup, Omantel will host Real Madrid and Barcelona team players at its head quarter in Mawaleh on Thursday, on the sidelines of the legends match, which will be on March 14 at the Sultan Qaboos complex.
Omantel has prepared a schedule with a mixture of sports, touristic and entertainment to welcome the teams. A small stadium will be made for the players to do a football show. Hamdan al Harrasi, general manager, corporate communications, Omantel, said, ''We are pleased with our strategic partnership with Oman Legends Cup, which combines Spain's famous football teams Real Madrid and Barcelona in line with Omantel's continued support to the sport activities being held in the sultanate. This match is considered as one of the biggest sport activities in the sultanate, which will contribute also to presenting our country internationally. Part of our partnership, we are hosting the team players from both teams in our head quarter with variety of traditional and entertainment activities.''
''Our HQ is equipped in such way to reflect the nature of the sports to allow greater opportunity for our staff and guests to spend time with the players as well as taking memorial pictures with their favourite ones. The press conference will also be held with the presence of both team's coaches. Through this meeting, we seek to communicate with our customers and the football lovers, specially the youth who used to enjoy watching the legends matches, but this time the experience would be different by watching them live on the stadium and retrieving the old legends memories,'' he added.
Harrasi has also indicated that mantel will offer free Wi-Fi service at the stadium which will allow the pubic to stay in touch with their loved ones as well as update their profile on social media channels.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 5. Pakistani government
may approve an agreement to acquire liquefied natural gas (LNG)
from Azerbaijan's state oil company SOCAR, a source familiar with
the matter told Trend.
SOCAR buys and sells LNG over a very wide geography, including
the Mediterranean basin, Asia and other regions. LNG is purchased
from third parties and forms part of the company's trade with third
parties and buyers. This product is not exported from Azerbaijan
due to the lack of direct sea access of Azerbaijan to the world
With the aim of alleviating the financial strain associated with
procuring liquefied natural gas (LNG) from the global market, the
federal government has made the decision to procure one LNG cargo
per month from SOCAR through a government-to-government
Once the required approvals are obtained, Pakistan LNG Limited
and SOCAR will engage in an agreement that facilitates the
acquisition of LNG from SOCAR at a price below the current spot
rates in the international market.
SOCAR would offer one LNG cargo per month, providing a 45-day
window for the relevant delivery. However, PLL would need to make a
decision within 24 hours whether to purchase the distressed cargo
or not. Payment for the cargo should be made within a few days
after PLL's receipt of the invoice, and the PPL is responsible for
issuing a credit letter from a local bank.
Follow the author on Twitter: @lyaman_zeyn
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(MENAFN- EIN Presswire)
Byron Nicolaides, Founder, Chairman & CEO, PeopleCert.
PeopleCert also completes the acquisition of QAI certifications in Business Analysis, Software Testing and Software Quality We are proud that our hard work and results are recognised through this upgrade, especially when global market trends appear to be challenging.”
— Byron Nicolaides, Founder, Chairman & CEO, PeopleCert.LONDON, UNITED KINGDOM, September 23, 2022 /EINPresswire.com / -- PeopleCert announces that Fitch Ratings has upgraded PeopleCert's €300 million Senior Secured Notes to BB- from B+. Continuing its path of growth and development, PeopleCert has also completed its acquisition of QAI certifications.
The upgrade follows the strong trading of the company and its material increase in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) and Free Cash Flow (FCF) following the acquisition of Axelos in 2021. Fitch also upgraded PeopleCert to B+ from B with a Stable Outlook and expects Free Cash Flow (FCF) to remain strong over the next four years.
In addition to the upgrade, PeopleCert has completed the acquisition of QAI certifications in Business Analysis, Software Testing and Software Quality. Over the last 40 years, QAI certifications have been globally recognised and adopted by professionals and organisations. This acquisition complements PeopleCert's product portfolio in IT & Digital Transformation, Project Management, Business and Languages and expands its Software Development product suite.
Byron Nicolaides (Founder, Chairman & CEO, PeopleCert) commented:“We are proud that our hard work and results are recognised through this upgrade, especially when global market trends appear to be challenging. Further, this acquisition solidifies PeopleCert's position as a global IP-house and our commitment to enhance people's lives through best practice frameworks and certifications.”
These developments are fully aligned with PeopleCert's strategy and accelerated growth plans, further establishing its leadership position in the professional skills and languages certification markets.
+30 21 0372 9148
email us here
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Turkey- Africa's banks pressured by bad loans: Moody's
(MENAFN- The Journal Of Turkish Weekly) Africa’s banks are under pressure from non-performing loans credit agency Moody’s said on Tuesday.
“We expect the level of non-performing loans (NPLs) which we currently estimate at around 8-9 percent of gross loans to rise further in 2016” a note released by the agency read.
The main pressures on African banks stem from slowing growth lower commodity prices and currency depreciation that are affecting many African economies the note said.
“Combined with structural challenges such as infrastructure bottlenecks weak governance and fiscal imbalances these factors will continue to threaten African banks' asset quality metrics” Moody’s added but claimed that the overall outlook for African banks is stable.
“Africa's banking system has a stable outlook for 2016 that reflects its resilient earnings solid capital buffers and deposit-based funding set against rising asset quality risks” the note said.
Constantinos Kypreos a Moody's vice-president said: "While challenging operating conditions are leading to increased credit risks for African banks over the next 12 to 18 months robust earnings business opportunities stemming from greater financial inclusion and strong deposit bases will support the banks' credit profiles."
Another threat however to some African banks is the low price of oil Moody’s claims.
“The credit profile of oil-importing banking systems in North Africa will be more resilient as they benefit from lower oil prices and progress on the policy front while sub-Saharan banks are more vulnerable to rising credit risks due to their increased fiscal challenges and weaker risk management practices” the note said.
Moody’s said that mobile phone technology will continue to increase financial inclusion and improve the number of depositors at African banks. The share of adults holding a bank account with a formal African financial institution rose to 34 percent in 2014 from 24 percent in 2011 Moody’s added.
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Bhubaneswar, April 15 (Local Wire): The state government on Wednesday said that the condition of COVID 19 in Odisha is far better than other Indian states and the national average.
Shalini Pandit, Mission Director, National Health Mission (NHM)-Odisha said that the overall number of cases and the percentage of COVID cases coming positive out of the total tested are one of the lowest in Odisha in the countrym
“We are at the bottom in the country when it comes to total COVID cases.
While the rate of positive cases out of tested in country stands at 5%, in Odisha it is as low as 1.08%,” she said .
She also said that it didn’t mean the state is testing lesser number of samples per day.
“We are testing adequate number of samples and from across the districts of the state,” she said.
She also said that while the infection graph of Delhi and other states are rising the state had been able to maintain it.


(MENAFN- UkrinForm) The European Union condemns the military activities of Russian troops near the Zaporizhzhia NPP.
EU High Representative Josep Borrell wrote this on his Twitter account, Ukrinform reports.
“The EU condemns Russia's military activities around Zaporizhzhia nuclear power plant. This is a serious and irresponsible breach of nuclear safety rules and another example of Russia's disregard for international norms. The IAEA must gain access,” he wrote.
As reported, on the evening of August 5, Russians hit a high-voltage power line at the Zaporizhzhia NPP, and a fire broke out. As a result of damage to power lines, the power unit No. 4 of the NPP was disconnected from the power grid.
Energoatom said that as of the morning of August 6, the ZNPP was operating with the risk of violating radiation and fire safety standards. Enemy fire caused serious damage to a nitrogen-oxygen unit and an auxiliary building. There are threats of a hydrogen leakage and sputtering of radioactive substance. A fire hazard is also high.
Kyiv has repeatedly warned that Russian troops are resorting to 'nuclear blackmail'.
The Zaporizhzhia NPP was seized by Russian forces on March 4.
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Documents highlight pedophile Jeffrey Epstein’s last moments
(MENAFN) Jail records from financier and sentenced pedophile Jeffrey Epstein’s fatal stay at the Metropolitan Correctional Center in New York, gained by the Associated Press and issued in redacted form on Friday, show that his last hours involved a vague phone call, an effort to reach out to a fellow predator, and anger around jail environments.
One night ahead of his death announcement, Epstein excused himself from a gathering with his attorneys, informing a guard he was calling his mother, who in fact, lost her life 15 years ago, based on a document named “Psychological reconstruction of inmate death.” It is not known whom he actually got in contact with, although the document states that it was a New York City number.
Epstein’s psychological profile points out that he was having a rather hard time getting used to jail and scolded staff for not paying more attention to him.
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(MENAFN- GlobeNewsWire - Nasdaq) GLASTONBURY, Conn., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Close to Home Sewing Center, the certified BERNINA dealer, is proud to announce its 10th Annual Sew-A-Thon, a yearly event in the Glastonbury community. The local shop has partnered with volunteers from the Middlesex Health and Hospice & Palliative for a volunteer event to offer comfort items like pillowcases and nightshirts to the hospice patients.
“Middlesex Health and Hospice & Palliative Care Program has built a beautiful space for end of life patients,” shared owner Marilyn Gattinella,“and we're honored to be able to bring the community together to contribute handmade items to bring comfort and a sense of warmth.”
All are invited to volunteer, no sewing experience is required to participate. Fabrics will be precut and experienced instructors will guide volunteers how to operate sewing machines, iron, pin, and more. Additionally, lunch and snacks will be provided throughout the two-day volunteer event. Event Details:
What: 10th Annual Sew-A-Thon
Where: Close to Home Sewing Center's Glastonbury location at 277 Hebron Ave
When: Friday, October 20th, 2023, from 10:00 AM to 5:00 PM and Saturday, October 21st, 2023, from 10:00 AM to 4:00 PM
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(MENAFN- UkrinForm) On August 16, 2022, the air-defense missile units of the Air Force of the Armed Forces of Ukraine shot down Russia's Ka-52 helicopter and three unmanned aerial vehicles (UAVs).
The relevant statement was made by the Air Force Command of the Armed Forces of Ukraine on Facebook , an Ukrinform correspondent reports.
“The air-defense missile units of the Air Force of the Armed Forces of Ukraine have destroyed three UAVs and a Ka-52 helicopter. All targets were destroyed in the Zaporizhzhia and Donetsk directions,” the report states.
Over the past day, Ukraine's strike aircrafts have launched up to 10 multiple strikes on the positions of Russian troops. With the support of fighter jets, Ukraine's Su-25 assault aircrafts and Su-24m bombers struck enemy platoon and company strong points, tank columns on the move, personnel and military equipment clusters.
A reminder that, between February 24, 2022 and August 17, 2022, Russia's total combat losses in Ukraine reached about 44,100 troops, as well as 196 helicopters.
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King, Queen visit southern Jordan Valley region
(MENAFN - Jordan News Agency) Amman, May 30 (Petra) -- Their Majesties King Abdullah II and Queen Rania Al Abdullah on Wednesday visited the southern Jordan Valley region of Ghor Fifa, some 160km south of Amman, and looked firsthand at the living conditions of the local community and projects carried out by civil society institutions.
His Majesty the King ordered the construction and restoration of locals' homes and supplying them with solar power systems to mitigate financial burdens. He also gave his orders to extend support to local projects and initiatives. The King and the Queen dropped by the region's only kindergarten, which offers charge-free services to 42 children. They also visited the Princess Taghreed Institute for Development and Training's wool factory and toured its facilities and looked at work and production stages. The factory employs 19 local women and some of its products access European markets.
His Majesty appreciated efforts exerted by private sector institutions, associations and non-governmental organizations aimed at improving the quality of life and provide employment opportunities to reduce unemployment and poverty.
King Abdullah commended the Arab Potash Company for supporting development projects in the region and co-financing a solar power project for all the 442 houses in the region.
He also praised the efforts of the Royal Society for the Conservation of Nature in establishing productive projects that benefited charities in the region.
30/5/2018 - 06:27:38 PM
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(MENAFN- Khaleej Times)
Published: Thu 26 Jan 2023, 4:55 PM
It is going to be dazzling with colours this weekend at the Pointe, where four stunning fireworks shows will mark the closing of the 28th edition of the Dubai Shopping Festival (DSF).
Palm Jumeirah's iconic waterfront destination will hold the dazzling firework displays every day from January 25 to 28 at 9 pm, with stunning views of the world's largest fountain as a backdrop.
The DSF, one of the world's longest-running retail festivals, kicked off on December 15 and will run for 46 days until January 29.
Over 800 participating brands across 3,500 outlets offered massive reductions throughout the period, with the final sale scheduled to take place this weekend. It will be the last chance for shoppers to enjoy offers ranging from 25 to 90 per cent off on everything from the latest fashionable items to stylish lifestyle products, children's clothes and more.
uae: enjoy fireworks, music concerts, win cars at sheikh zayed festival this weekend
free fireworks shows in dubai daily: how the city lights up every night during the shopping festival
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(MENAFN- AzerNews) Arab condemnations continued to pour in on Tuesday over this
weekend's terrorist attack in the Turkish capital, Ankara, Azernews reports, citing Anadolu Agency.
Saudi Arabia's King Salman bin Abdulaziz and Crown Prince
Mohammed bin Salman sent telegrams to Turkish President Recep
Tayyip Erdogan condemning the terrorist attack in Ankara.
"We have received the news of the terrorist attack in Ankara and
the resulting injuries to two policemen. We condemn this criminal
act and wish to convey that the Kingdom of Saudi Arabia stands with
the Republic of Türkiye and its brotherly people. We pray for a
speedy recovery for the injured and invoke Allah's protection for
your country and people from all forms of harm," King Salman said
in his telegram.
His crown prince also sent a telegram to President Erdogan
condemning the terrorist attack, the state news agency SPA
"I have learned of the terrorist attack that took place in
Ankara and the news of two police officers being injured as a
result. I would like to convey my condemnation of this criminal act
and express my prayers for a swift recovery for the injured,” bin
Sudan's Foreign Ministry also denounced the attack in the
“We understand and appreciate all the legitimate steps Türkiye
has taken against the terrorist threat. We urge the international
community to increase cooperation and coordination in response to
the threat posed by terrorist groups,” the ministry said in a
Iraq, for its part, stressed its support for Türkiye against
“Iraq reiterates its rejection of all forms of terrorism and its
support for the international community against terrorism and
efforts aimed at eliminating extremism and violence,” the Iraqi
Foreign Ministry said in a statement.
A suicide bomber blew himself up outside the Interior Ministry
building in the Turkish capital on Sunday, while another terrorist
was killed by security forces at the entrance. Two police officers
suffered minor injuries in the attack.
The Turkish Interior Ministry confirmed the links of the
attackers to the PKK terrorist group.
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(MENAFN – The Peninsula) Following the success of the first part of ‘Artists in the Time of COVID-19 exhibition, Sheikh Faisal Bin Qassim Al Thani Museum (FBQ Museum) unveils today the second of the threepart exhibition series at The White Majlis. Last April, FBQ Museum launched a big community project inviting artists in Qatar to submit artworks which convey their feelings during the COVID-19 pandemic in a creative and expressive way.
Throughout the past months FBQ Museum received an impressive variety of artworks by the country’s active creative community. The artworks are now being shown in a three-part exhibition, the first of which ran from September 4 to October 3. The White Majlis where art lovers and museum visitors can elevate their tour with an exceptional experience and inspiring pieces of art.
The second part of the exhibition starts today and runs until November 7, and the final exhibition will be on from November 13 onwards. All the three exhibitions feature a wide variety of artworks in different mediums including paintings, videos, prints, photographs, collage art and sculptures. There is also a space dedicated to young artists. Art enthusiasts can visit the exhibition during regular museum opening hours. Those interested to see the exhibition may visit the museum website: www.fbqmuseum. org for admission hours and fees
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(MENAFN – Bangladesh Monitor) Dhaka: The Solar-Catamaran IRON made in Bangladesh has been crowned with the Gustave Trouvé Electric Boat Award for 2021. It has won the prestigious award under Customised/DIY electric boats category.
Gustave Trouvé Electric Boat Awards is the only electric vessel competition in the world organised by Canada’s Plugboat. The judging panel of Gustave Trouvé Electric Boat Association selected the winner from each category by voting, said a press release.
IRON is a 20.5m/67 ft wood fiber composite solar catamaran custom built with six passenger cabins and used for tourism cruises of flooded river basins in an environmentally sensitive area of the country.
Fully powered by rooftop solar panels and battery bank, IRON has been designed with an innovative hull to be extremely energy efficient for a large clocking speeds of up to 12 kmh when using only one of her two 8kW electric motors.
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Read More:BD’s IRON crowned with Gustave Trouvé Electric Boat Award


(MENAFN- AsiaNet News) Simon Grayson, the head coach of Bengaluru FC, has expressed the urgency for his team to return to winning ways ahead of their clash with Mumbai City FC at the Sree Kanteerava Stadium in Bengaluru. Currently positioned ninth in the league table with seven points from eight games, the Blues have faced three defeats, four draws, and secured only one victory in the ongoing season.
Mumbai City FC, holding the fifth spot with 11 points from five games, presents a formidable challenge. Having faced the Islanders four times in the previous ISL season, Grayson is familiar with their strategy and is determined to secure a victory.
"We know what to expect against them. We know their strengths and weaknesses, their key players," Grayson stated in the pre-match press conference. He expressed the need to break the trend of drawing games from winning positions and highlighted the importance of returning to the path of victory.
The Sree Kanteerava Stadium, historically a fortress for Bengaluru FC, has proven crucial this season as well. Grayson acknowledges its significance and aims to deliver an intense and character-filled performance for the home crowd.
"We have to make sure that we play with intensity and character with and without the ball. We have to play with purpose and tempo and give the fans our best performance that our ability allows us to," Grayson emphasized.
Joining Grayson in the press conference, Bengaluru FC forward Curtis Main echoed the sentiment of playing with positivity against Mumbai City FC. Main, who has scored two goals in seven games this season, highlighted the importance of home support and expressed confidence in the team's ability to take the game to their opponents.
"We hope to feed off the positive energy from our fans and take the game to Mumbai City FC," Main stated. Despite recent results, Main believes that the team is finding its attacking rhythm and aims to translate it into positive outcomes in the upcoming games.
Barcelona's pursuit of Joao Felix: Transfer talks with Atletico Madrid intensify
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(MENAFN- Kashmir Observer)
LG Manoj Sinha chairs Administrative Council meeting
AC Approves Free Of Cost Medicines Against Disease
Jammu- The Administrative Council (AC) which met here under the chairmanship of the Lieutenant Governor, Manoj Sinha, approved the proposal for provision of free of cost medicines to Lumpy Skin Disease affected Farmers of UT of J&K.
Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor, Dr. Arun Kumar Mehta, Chief Secretary, J&K attended the meeting.
In J&K, all the 20 districts are affected with the disease, with 56,146 cattle having contracted infection till date out of which 1564 animals have died.
The affected farmers are in distress due to medical expenses which ranges from Rs. 6,000 to Rs. 10,000 and accordingly, to provide relief to the farmers, provision of free of cost veterinary medicines to LSD affected farmers has been made to ease the financial burden of the farmers for treating the disease.
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© Keystone / Gaetan Bally
Avian flu has become cause for concern in Switzerland, where more and more birds and mammals are affected by the H5N1 virus. Government experts speak of a 'real pandemic', fearing a mutation of the virus.
This content was published on February 5, 2023 - 18:48 February 5, 2023 - 18:48
New cases of bird flu were recently discovered in the canton of Zurich. The tests carried out in recent days on two wild birds have proved positive.
'This was to be expected,' cantonal veterinarian Regula Voger told German-language public broadcaster SRF. The expert attributed the outbreak to the return of migratory birds. Protection measures extended
The federal government decided this week to extend measures to stop the spread of bird flu until March 15. Experts consider it particularly important that wild birds do not come into contact with domestic poultry.
The question now is whether the virus can be transmitted to humans if it mutates. Switzerland is monitoring the situation closely, according to the NZZ am Sonntag newspaper, even though the World Health Organisation considers the risk to humans low.
'It is essential to strengthen surveillance, particularly among farmers, in the event of any influenza infection that may seem suspicious,' insists Laurent Kaiser, an emerging diseases expert quoted by the newspaper.
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Editorial: Be clear on local sales tax proposals
There is growing opposition to the expansion of the proposed 5.5 percent sales tax to services, such as haircuts, legal bills, tattoos, accountant fees and media advertising.
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(MENAFN- Baystreet.ca) Large Crude Build Pushes Down Oil Prices
The American Petroleum Institute (API) on Tuesday reported another week of crude oil inventory builds. This time, the build is extra large, at 5.213 million barrels for the week ending October 8, as U.S. crude inventories sit 66 million barrels below beginning of the year levels.
Analyst expectations for the week were for a build of 140,000 barrels for the week.
In the previous week, the API reported a surprise build in oil inventories of 951,000 barrels, compared to the 300,000 barrel draw that analysts had predicted.
Oil prices were relatively flat on Wednesday in the runup to the data release, but WTI is still north of $80 per barrel, while Brent crude trades at more than $83. Both WTI and Brent were down .10% and .17%, respectively, at 3:30 p.m. EST.
At 3:35 p.m. EST, WTI was trading at $80.55—a more than $1 gain on the week. Brent crude was trading at $83.28.
Oil inventories in the United States have drawn down nearly 66 million barrels so far this year, according to API data. And they've drawn down roughly 9 million barrels since the start of 2020.
U.S. oil production for the week ending October 1—the last week for which there is data—rose 200,000 bpd to 11.3 million bpd and is now just 200,000 below pre-Hurricane Ida levels.
The API reported a draw in gasoline inventories of 4.575 million barrels for the week ending October 8—compared to the previous week's 3.682-million-barrel build.
Distillate stocks saw a decrease in inventories of 2.707 barrels for the week, compared to last week's 345,000-barrel increase.
Cushing inventories saw a draw this week, adding 2.275 million barrels to the total inventory, after last week's 1.999-million-barrel increase.
By Julianne Geiger for Oilprice.com
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(MENAFN- Trend News Agency)
ALBUFEIRA, Portugal, December 4 . It
is a great honor for me to become a Member of the Gymnastics for
All Technical Committee of the European Gymnastics, representative
of Azerbaijan Gymnastics Federation Ruslan Eyvazov told trend .
Ruslan Eyvazov was elected as a Member of the
Gymnastics for All Technical Committee of the European Gymnastics
during the 29th Congress of the European Gymnastics, which was held
in Portuguese Albufeira on December 2-3.
'I would like to congratulate Minister of Youth and
Sports of Azerbaijan Farid Gayibov on his re-election as President
of European Gymnastics. A total of 3 representatives of the
Azerbaijan Gymnastics Federation have been elected to the European
Gymnastics Authorities. It is a great honor for me, and I would
like to dedicate this victory to the 20th anniversary of the
transformation of the Azerbaijan Gymnastics Federation,' said
According to him, the Azerbaijani representatives have
been participating in competitions in the 'Gymnastics for All'
discipline since 2015.
'Currently, 19 regions of our country have sections on
this type of gymnastics. On September 9 of this year, the first
festival in the 'Gymnastics for all' discipline was held in
Azerbaijan, where 23 teams from Baku and other regions of the
country participated,' he added.
During the congress of the European Gymnastics,
Azerbaijan's Minister of Youth and Sports was re-elected as
President of the European Gymnastics.
Among the other representatives of Azerbaijan,
Yevgeniya Vilyayeva was elected as Member of the European
Gymnastics Technical Committee in Rhythmic Gymnastics, Ruslan
Eyvazov as a Member of the Gymnastics for All Technical Committee
of the European Gymnastics, and Inara Israfilbayova as a Member of
the European Gymnastics Technical Committee in TeamGym.
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(MENAFN- Kuwait News Agency (KUNA)) DOHA, April 2 (KUNA) -- Al-Jazeera Media Network (AJMN) denounced, Tuesday, the Israeli occupation Prime Minister Benjamin Netanyahu's statements on terminating the news channel, accusing it of harming the Israeli occupation's security.
Qatar News Agency (QNA) reported, Tuesday, Al-Jazeera stating, "Netanyahu could not find any justifications to offer the world for his ongoing attacks on Al-Jazeera and press freedom except to present new lies and inflammatory slanders."
Netanyahu's statements came "as part of a series of systematic Israeli attacks to silence Al-Jazeera," elaborated QNA.
Al-Jazeera reiterated "slanderous accusations will not deter [Al-Jazeera] from continuing its professional coverage, adding that it reserves the right to pursue every legal step," holding Netanyahu responsible for the safety of its staff and Network premises around the world," added QNA.
The Israeli occupation's parliament (Knesset) voted, Monday, in favor of a law giving Netanyahu the authority to close foreign networks operating in "Israel" if it believes they pose harm to its security, Al-Jazeera being on top.
The law passed on Monday by 70 votes to 10, providing Netanyahu the authority to ban the targeted Al-Jazeera channel broadcast, leading to the closure of its offices in "Israel."
Late on Monday, the White House reacted to the recent passing of this law labeling it as "concerning" and that it impedes on the critical nature of freedom of the press. (end)
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(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 11. Kazakhstan is
planning to commission additional electric power capacity at the
level of 240 MW, Minister of Energy Bolat Akchulakov said during
his speech at the Central Communications Service under the
President of the Republic of Kazakhstan, Trend reports.
According to him, as part of the head of state's order to ensure
the timely implementation of projects for commissioning of the
electric power capacities and strengthening of electric networks in
the Southern and Western zones of the Unified Electric Power
System, capacities at the level of 340 MW have been commissioned to
'Work is also underway to modernize the national electric grid,
including construction and installation work to strengthen the
electric networks of Western zones of the Unified Electric Power
System. The completion date is 2023. A feasibility study is being
developed to strengthen the electric networks of the Southern
Energy Zone. After the feasibility study is developed, the
parameters and timing of the project will be determined,'
The minister noted that all of the tasks set by the head of the
state are under constant control and will be implemented on
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(MENAFN- UkrinForm) The expulsion of Russian spies and visa restrictions for Russian nationals have significantly weakened Moscow's intelligence operations in Finland over the past year.
This was reported by ap , Ukrinform reports.
Finland's intelligence service, known as SUPO, has said that Russian intelligence is in a much worse position because of Finnish intelligence's ability to compromise Russian espionage operations in 2022.
A reduction in the number of intelligence operatives and restrictions on crossing the Russian-Finnish border against the backdrop of Russia's war in Ukraine significantly worsened the operating conditions of Russian spies in Finland, SUPO said. Read also: finland to hand over three mine-clearance vehicles based on leopard 2 to ukraine
"Russian intelligence station (in Finland) shrank to about half of its former size last year,” SUPO Director Antti Pelttari said, noting that the main reason behind this was a series of expulsions of suspected spies and visa refusals on his agency's advice.
SUPO noted that covert operations under diplomatic cover have traditionally been the main tool of Russian intelligence on foreign soil, and Moscow has tried to use cyber-espionage, among other tools, to compensate for the lack of human resources.
As reported earlier, the head of UK's defense intelligence, Ken McCallum, called on the population to treat the threat of Russian and Chinese espionage as vigilantly as terrorism.
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(MENAFN- IANS) New Delhi, March 3 (IANS) The Delhi High Court has overturned the decisions of the Bank of Baroda and Punjab National Bank declaring businessman Ratul Puri as a wilful defaulter under the Reserve Bank of India's Master Circular on Wilful Defaulters, 2015.
Puri, the Chairman of Hindustan Power Projects Private Limited, was labelled a wilful defaulter due to his association with Moser Baer Solar Limited, depriving him of credit facilities for his business ventures.
Justice Purushaindra Kumar Kaurav set aside the orders passed by the Bank of Baroda and Punjab National Bank's review committees, deeming them unsustainable.
The court ruled in favour of Puri, saying that the identification of a wilful defaulter should consider the borrower's overall track record, not isolated incidents.
The court stressed the importance of ensuring that penal actions under the Master Circular are not based solely on isolated transactions, but on a comprehensive assessment of the borrower's conduct.
It noted the banks' obligation to evaluate the entire track record of Moser Baer Solar Limited before concluding whether wilful default events occurred.
Justice Kaurav also noted the responsibility of the banks dealing with public funds to conduct thorough inquiries into borrowers' financial status and potential fraud.
The court said that if banks discover fraud or malfeasance, they must either refuse restructuring or impose stringent conditions.
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(MENAFN) Turkey’s main share index started at 4.823,33 points on Thursday, decreased 0.08 percent, or 3.7 points, from the prior end.
Borsa Istanbul's BIST 100 index dropped 3.46 percent to end the Thursday’s sessions standing at 4,827.04 points, with a day to day exchanging volume of 110 billion Turkish liras (USD5.89 billion).
The US dollar/Turkish lira trading price standing at 18.6449 as of 10.14 A M regional time (07:14GMT), the euro/lira trading price stood at 19.6011, whereas a British pound exchanged for 22.7521 liras.
International benchmark Brent crude sold at USD78.27 a barrel at 10.21 AM regional time (0721 GMT), rising 1.43 percent from the ending price of USD77.17 per barrel in the prior selling session.
At the same time, American main West Texas Intermediate (WTI) exchanged at USD73.16 a barrel, a 1.60 percent earning following the prior day ended at USD72.01 per barrel. Whereas the price of an ounce of gold was USD1,797.45.
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Published: 2020-10-17 10:40
Last Updated: 2020-10-17 10:42
The total number of active coronavirus cases in Jordan has reached 27,546, according to corona.moh.gov.jo.
In addition, the number of positive cases since the beginning of the pandemic totaled 34,548 and 6,692 recoveries.
Jordan has recorded 28 deaths and 1,539 new COVID-19 cases on Friday, 1,523 of which are local cases.


(MENAFN- Somali Land Sun)
Somalilandsun - NOTICE IS HEREBY GIVEN that KHOLER ELEKTRIK SAYACLARI SANAYI VE TICARET ANONIM SIRKETI, a Turkish company with head office at TENHA SOK. NO:8 UCARLAR HAN KARAKOY BEYOGLU ISTANBUL TURKIYE
Is the owner and sole proprietor of the following trademark:
The above trademark is used in the international class 9 in respect of the following products:
Class 9: Scientific, nautical, surveying, photographic, cinematographic, optical, weighing, measuring, signalling, checking (supervision), life-saving and teaching apparatus and instruments; apparatus and instruments for conducting, switching, transforming, accumulating, regulating or controlling electricity;
apparatus for recording, transmission or reproduction of sound or images; magnetic data carriers, recording discs; automatic vending machines and mechanisms for coin-operated apparatus; cash registers, calculating machines, data processing equipment and computers; fire-extinguishing apparatus.
NOTICE IS ALSO GIVEN that legal proceedings will be instituted against any person or company that uses the same trademark or any imitation thereof, or against anyone that violates this trademark ownership rights.
For further information, please contact: Inventa International
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(MENAFN- Pajhwok Afghan News) KABUL (Pajhwok): Forty Afghan women , who wanted to attend the next round of talks between the Taliban and the US in Qatar, have failed to obtain visa and may not attend the talks.
The next round of peace talks between the Taliban's Doha office representatives and US special envoy for peace Zalmay Khalilzad, are scheduled to take place on Monday (Feb 25).
A member of the Afghan Women Network, who did not want her name to be published, said the Qatari government had asked the Afghan government to send women for participation in the talks, but the Afghan Foreign Ministry did not agree to it until Wednesday (Feb 20).
However, she said the Foreign Ministry agreed later in the day but then it was not possible to issue visas to 40 women in the single day left. She alleged the Foreign Ministry officials had provided wrong information to the Presidential Palace about the women's participation in the Doha talks.
'The women wanted to attend the talks in Doha and raise their voice for their rights, but some problems blocked their way.'
Foreign Ministry official responsible for international conferences, Asela Wardak, who is also member of the High Peace Council , said the Presidential Palace had directed the authorities concerned to facilitate the issuance of visa to women for participation in the Doha meeting.
'The women themselves were late in their apply for visa. The problem lies with the women because Thursday and Friday are off days in Kabul and Saturday and Sunday are off days in Qatar, but still efforts are underway to get visas for the women.'
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(MENAFN) In a recent legal filing, Twitter has revealed that parts of its source code, which is the fundamental computer code on which the social network runs, have been leaked online. The incident was first reported by The New York Times. Twitter reportedly requested GitHub, an internet hosting service for software development, to take down the code where it was posted, and the platform complied, disabling the content.
Twitter has expressed concern that the postings infringe on copyrights held by the company. As a result, the social media giant is asking the U.S. District Court of the Northern District of California to identify the individual or group responsible for posting the information without Twitter's authorization. The company is seeking to obtain names, addresses, phone numbers, email addresses, social media profile data, and IP addresses that are associated with the user account "FreeSpeechEnthusiast," which is suspected of being behind the leak. Interestingly, the name appears to be a reference to Twitter's billionaire owner, Elon Musk, who has described himself as a free speech absolutist.
The leak of Twitter's source code is a significant concern for the company, as it could potentially expose vulnerabilities that hackers could exploit to gain access to user data. Furthermore, the leak could also allow other companies to copy Twitter's features and functions, potentially hurting its competitiveness in the market. Twitter's swift action to have the code removed and its legal action to identify the individual or group behind the leak show the company's commitment to protecting its proprietary information and safeguarding user data.
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(MENAFN- The Peninsula) The Peninsula
Doha, Qatar: A group of 50 students with five teachers from DPS-Modern Indian School Doha, Qatar set out on a six-day educational trip to Jakarta, Indonesia from December 11 to 17, 2023.
This annual overseas excursion is part of the school’s commitment to its learning objectives, vision, and mission, providing students with an opportunity to break free from classroom walls and engaging in life-enhancing experiences.
Jakarta, a diverse and vibrant city, is known for its historical sites, architectural wonders, and amazing wildlife. The overwhelming beauty coupled with serene atmosphere and mesmerizing panorama captivated the students, enriching their educational journey with unforgettable memories and a profound appreciation for nature’s artistry.
A trip to Taman Safari offered a hands-on learning experience about the region’s diverse flora and fauna, while the educational trip to Tangkuban Perahu Volcano, Strawberry Farm, and Ciater Hot Springs gave them a practical understanding of natural resources and geological phenomena.
A visit to Taman Mini Indonesia Indah expanded their knowledge of Indonesia’s cultural diversity, and the thrilling rides at Dufan theme park added an element of excitement. Exploring the Jakarta History Museum and the grand Istiqlal Mosque allowed students to delve into the cultural and religious facets of Indonesia, learn about Islamic architecture, and foster interfaith understanding.
This unique expedition proved to be as delightful as it was enriching. Principal Asna Nafees reflected on the broader impact of such trips, noting their role in nurturing a sense of responsibility and independence among students, as well as honing crucial life skills.“Educational trips enable the students to be more active learners and inculcate the values of punctuality, endurance, and sharing and caring in them,” said Vice Principal Secondary School, Mary Cruz.
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(MENAFN - Trend News Agency) BAKU, Azerbaijan, April 22
By Tamilla Mammadova – Trend:
Georgia has reported 1,226 new cases of coronavirus, 688 recoveries, and 10 deaths in the past 24 hours, Trend reports via Georgian media.
As reported, 27,995 tests have been conducted around the country in the past 24 hours, 13,456 of the 27,995 tests were rapid tests, while the remaining 15,539 were PCR tests.
The new 1,226 cases were recorded in:
Tbilisi - 731 cases
Adjara - 101 cases
Imereti - 75 cases
Kvemo Kartli - 61 cases
Shida Kartli - 56 cases
Guria - 13 cases
Samegrelo-Zemo Svaneti - 96 cases
Kakheti - 49 cases
Mtskheta-Mtianeti - 29 cases
Samtskhe-Javakheti - 7 cases
Racha-Lechkhumi and Kvemo Svaneti - 8 cases.
The country has had 300,264 cases of coronavirus since February 26, 2020.
Currently, 12,700 individuals remain infected with COVID-19.
Follow the author on Twitter: @Mila61979356
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(MENAFN) Rory McIlroy, the renowned Northern Irish golfer, expressed his support for the merger between the PGA Tour and LIV Golf, a venture backed by Saudi Arabia. The deal, announced on Tuesday, was seen by McIlroy as a crucial step towards securing the financial stability of professional golf and unifying the sport on a global scale.
In his remarks on the eve of the PGA Canadian Open in Toronto, McIlroy emphasized the significance of taking a long-term perspective and considering the broader implications of the merger. He believed that despite the controversies surrounding the Saudi-backed venture, the partnership would ultimately benefit the game of golf in the years to come.
McIlroy's comments came in response to the announcement that the PGA Tour and Europe's DP World Tour had reached an agreement with LIV Golf's Saudi sponsors to establish a new collectively owned, for-profit entity. The merger aimed to ensure the financial sustainability and growth of professional golf, uniting different tours under a common framework.
While it was widely reported that McIlroy had been offered a substantial sum of around $400 million to join LIV Golf, the golfer clarified that he had never received such an offer. However, he acknowledged the frustrations expressed by fellow professionals towards PGA Tour commissioner Jay Monahan. Despite the criticisms, McIlroy expressed his continued confidence in Monahan's leadership.
The merger between the PGA Tour and LIV Golf represents a significant development in the golfing world, with its potential to shape the future of the sport. McIlroy's endorsement of the deal, coupled with his understanding of the concerns expressed by his peers, highlights the complex dynamics surrounding the partnership and the various perspectives within the golfing community. As the merger progresses, the focus will be on how it will impact the sport's financial landscape and the global unity of professional golf.
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(MENAFN- IANS) New Delhi, March 1 (IANS) Ronnie Screwvala-founded upGrad on Friday said that the edtech unicorn has appointed Venkatesh Tarakkad as the first Chief Financial Officer (CFO).
Tarakkad led finance, inventory, and strategic initiatives at DealShare and assumed his role at upGrad effective March 1.
He will be based out of upGrad's headquarters in Mumbai.
"We've laid a rock-solid business foundation so far, built and scaled our offerings, and as we strive for global leadership, his operational excellence will ensure a robust credit profile, end-to-end compliance, and transparent corporate and financial governance within the upGrad ecosystem," Mayank Kumar, Co-founder & MD of upGrad said in a statement.
Tarakkad will be responsible for overseeing upGrad's domestic and global financial strategies, encompassing a broader spectrum of areas such as investor relations, business finance, corporate finance, enterprise and accounting controllership, financial planning and analysis, risk management, tax, and treasury functions, the company said.
Previously, he helped companies build and scale their financial operations, established compliance and governance frameworks, automated processes, including enterprise resource planning implementations, managed acquisitions, led funding rounds and took a company public.
Tarakkad has held numerous leadership positions across other notable brands like Ecom Express, TCNS Clothing, Siam Makro Thailand, Metro Cash & Carry and Coca-Cola India after starting his career with Ernst & Young in the early 90s.
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(MENAFN) Recent data has revealed a substantial downturn in US factory orders for October, marking the most significant decline in over three years. The report, released by the US Department of Commerce, indicates that weakened demand for durable goods and transportation equipment contributed to a 3.6 percent drop in factory production, the largest since April 2020. This decline follows a notable 2.3 percent rise in September, underscoring concerns that the impact of elevated interest rates is starting to reverberate through the economy.
Economists, anticipating a decline, were taken by surprise as the actual figures surpassed expectations. According to the revised data, analysts polled by Reuters had predicted a 2.8 percent decrease in orders, but the actual decline was more pronounced at 3.6 percent. Year-on-year, orders saw a modest increase of 0.5 percent in October.
The sharp contraction in industrial demand was particularly evident in the durable goods category, which experienced a substantial 5.4 percent decline after a 4 percent increase in the previous month. Demand for transportation equipment took a significant hit, plummeting by 14.7 percent. Additionally, non-durable goods recorded a decline of 1.4 percent following a 0.6 percent rise in the prior month.
This data reinforces the growing perception that the US economy is grappling with the effects of heightened interest rates. The intricate interplay of factors, including weakened demand for goods and challenges in specific sectors, highlights the delicate balancing act faced by policymakers as they navigate the evolving economic landscape. As concerns about economic resilience persist, market participants will closely monitor future indicators for insights into the trajectory of US economic recovery.
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(MENAFN- The Peninsula) QNA
Doha: Hamad Medical Corporation (HMC) officially opened on Thursday its Sealine Medical Clinic, located in the Sealine area, in what will be the eighth consecutive year that the healthcare organization has operated the clinic, which began receiving patients last weekend.
The ceremony to officially open the clinic was attended by Ali Abdullah Al Khater, HMC chief communications officer chair of the Healthcare Communications Committee; Saleh Hasan Al Kuwari, director of the Natural Reserve Department at the Ministry of Municipality and Environment; in addition to a number of senior officials and administrators from HMC.
Al Khater, who is also project manager for the Sealine Medical Center, said HMC operates the clinic in the Sealine area each year to ensure medical services, and specifically emergency medical services, are available for residents during the busy camping season.
"The clinic is located very close to the seashore, on the same site where it has been located during the last three years. We choose a location that is close to popular camping areas to facilitate easier access should healthcare services be required by residents or visitors. Our annual operation of this clinic reinforces our commitment to providing the best possible healthcare to campers in the Sealine, Khor Al Adaid (Inland Sea), and surrounding areas," said Al Khater.
Al Khater thanked the Ministry of Municipality and Environment for its ongoing support for the clinic as well as medical team, and specifically the ambulance service and administrators of the Sealine Medical Clinic, for their dedication to caring for patients. Al Khater urged campers and others who frequent the area to respect safety and security procedures and to take the necessary precautions when enjoying recreational activities.
Consultant at HMC's Medical Administration Department Dr. Hamid Ghareeb, Medical Supervisor of the Sealine Medical Clinic, said the clinic will operate every weekend during the camping season, opening each Thursday at 3pm and remaining open until Saturday at 5pm. He said services will be available until the end of April when the camping season closes.
The clinic, which will also provide services during public holidays, will receive patients with minor health concerns, as well as emergency cases. Dr. Ghareeb added that the Sealine Medical Clinic is supported by HMC's ambulance service, providing campers with round-the-clock access to a team of paramedics and well-equipped ambulance vehicles. The clinic also features a helicopter landing area to transfer patients from the beach to the clinic, and to transfer acute cases to hospital.
Operations Manager for HMC's Ambulance Service Saleh Al Mejareh Al Marri said in addition to its regular round-the-clock emergency coverage in the Sealine area, the Ambulance Service has added two ambulances and two 4x4 emergency vehicles which will be permanently stationed in the area. He said the ambulance service is ready to transport emergency cases from the sand dune area to the clinic or to the helicopter landing area, as required. During public holidays and weekends, the number of ambulances onsite will be increased to six and the number of 4x4 emergency vehicles will be increased to four.
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(MENAFN- Jordan News Agency) Amman, July 29 (Petra) -- A Jordanian factory in the Madaba industrial city will begin producing computers and tablets to be rolled in markets by next December.
The factory, founded by the Talal Abu-Ghazaleh Global group (TAG.Global), will provide 150 job opportunities to skilled Jordanian workers during the first phase of production. The necessary equipment was imported to the factory, which will kick off with three production lines.
President and founder of the TAG.Global Talal Abu-Ghazaleh told Petra on Wednesday that this factory is the first of its kind in Jordan and the Arab region, underlining that it will be a "qualitative addition to the Jordanian economy."
Following a number of meetings with the Industry, Trade and Supply Ministry, the Jordan Industrial Estates Corporation and the Jordan Investment Commission, the Madaba industrial city was chosen under a directive from His Majesty King Abdullah II to develop the area, Abu-Ghazaleh stated.
The computers and tablets will be produced in Jordan with a Jordanian design, technology and marketing, Abu-Ghazaleh highlighted, saying: "Our policy is to manufacture top-quality products that rise to international standards and at competitive prices. What sets us apart from competitors is that we rely in marketing on our offices located in various parts of the world."
Competitors, he explained, usually place a 50-70 percent profit margin on these devices, and allocate 25 percent for marketing and advertisement, while the TAG.Global will cut costs on advertisement, which will allow consumers to purchase computers and tablets at affordable prices.
Abu-Ghazaleh said that the factory's final products of laptops, tablets, and mobile phones are expected to be on sale by next December, pointing out that the products will be marketed locally, regionally and internationally to benefit from the Kingdom's trade agreements with other countries.
On global demand for electronic devices, a study showed that the electronic and laptop devices market was estimated at more than $101 billion in 2017 with an annual increase of 4 percent, he pointed out.
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(MENAFN- Investor Brand Network)
Voters in Nevada
approved the recreational consumption of cannabis
by individuals aged 21 and above on the November 2016 ballot. Like most states with legal cannabis markets, Nevada outlawed public cannabis consumption of any kind, meaning individuals had to use cannabis within their homes.
Since cities such as Las Vegas were looking to benefit big from...
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(MENAFN- Baystreet.ca) Exciting End to Week with All Indexes Leaping
Stocks rose sharply on Friday, putting the S&P 500 on track for its fourth positive week in a row on the hope that inflation is peaking.
The Dow Jones Industrials popped 424.44 points, or 1.3%, to close Friday and the week at 33,761.11
The S&P 500 jumped 72.69 points, or 1.7%, to 4,279.96
The NASDAQ Composite thundered higher 267.27 points, or 2.1%, to 13,047.19.
The S&P 500 is up 2.9% on the week and is on track for its longest weekly winning streak since November 2021. The Dow is up 2.7% for the week, while the NASDAQ Composite is 2.6% higher. For the NASDAQ, it is also the fourth positive week in a row.
The averages have been boosted by positive news on the inflation front. The consumer price index was flat from June to July, thanks in large part to falling gas prices, which lowered headline inflation. The produce price increase showed a surprise decline. On Friday, import prices also fell more than expected.
This week's moves have extended a market rally off its mid-June lows. As of midday Friday, the S&P 500 was up 15.5% since the lows, while the Dow had gained 12.2% and the NASDAQ was up 21.4%.
Treasury prices were up, lowering yields to 2.84% from Thursday's 2.87%.
Oil prices slipped $2.45 to $91.89 U.S. a barrel.
Gold prices revived $10.40 to $1,818.10 U.S. an ounce.
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Oil prices decline as looming G7 price limit reduces tight provisions worries
(MENAFN) Oil prices declined on Thursday triggered by the looming price limit on Russian crude by G7 nations, facilitating tight supply worries.
International benchmark Brent crude sold at USD84.79 a barrel at 10.04 AM regional time (0704 GMT), a 0.73 percent decline from the ending price of USD85.41 per barrel in the prior exchange session.
The American main West Texas Intermediate (WTI) sold at USD77.59 a barrel at the same period, a 0.45 percent fall after the last session finished standing at USD 77.94 per barrel.
Rumors that the price limit on Russian oil by the G7 nations would be higher than estimates raised the worries of reducing provision and pushed oil prices to a decrease.
Even though no official verdict has been reached yet, the G7 nations are talking about setting a price limit of USD 65 up to USD 70 a barrel for oil shipped via the sea coming from Russia.
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(MENAFN- Trend News Agency ) BAKU, Azerbaijan, Sept. 18
By Fakhri Vakilov - Trend:
The private airline of Uzbekistan, Qanot Sharq, performed its first flight to Sharjah (UAE), Trend reports referring to the in4avia Telegram channel.
According to the Flightradar24 service, the company flew to Sharjah and back to Tashkent. Flights are operated by Airbus A320-214.
The airline's website is still under construction. Judging by the announcement posted by the travel agency Real Dreams Travel Agency, Qanot Sharq sells tickets through intermediaries.
The cost of a ticket to Sharjah is $270, in the direction Tashkent - Sharjah - Tashkent - $370.
Five more flights on this route are planned for the end of September. In October, the company will fly to Sharjah on Tuesdays and Saturdays.
Earlier it was reported that Qanot Sharq will fly from regional airports to such international destinations as Istanbul, Ankara (Turkey), Dubai (UAE), Jeddah, Medina (Saudi Arabia), Moscow, St. Petersburg (Russia), and Almaty (Kazakhstan).
The company was registered in 1998 and specializes in the field of cargo and passenger air transportation. From 2003 to 2012, she leased Il-76 aircraft from Uzbekistan Airways and operated its own charter flights.
Qanot Sharq carried over 150,000 passengers. After the transfer of all Il-76s to the Ministry of Defense, the operator's certificate was suspended. After the president signed a decree on reforms in civil aviation, the founders of the company decided to revive it, but already in the status of a regional air carrier.
Follow the author on Twitter: @vakilovfaxri
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(MENAFNEditorial) UAE, January 20, 2018 - Brazil's total poultry exports, including raw and processed items, rose by 5.7 per cent from USD 6.848 billion in 2016 to USD 7.236 billion in 2017, according to the Brazilian Animal Protein Association (ABPA). Of this total, 33.51 per cent corresponded to the Middle East which accounted for USD 2.4 billion, up by 2.1 per cent. Total export volume was at 4.32 million tons in 2017.
The biggest buyers of Brazilian poultry products in the Arab World were Saudi Arabia (USD 1 billion), the UAE (USD 517 million), Iraq (USD 192 million) and Kuwait (USD 190 million). Oman and Jordan also imported poultry from Brazil. Among the key factors driving Brazil's strong performance are the fact that the country is safe from avian flu, good diplomatic ties with the international markets, and the superior quality of its poultry products.
Dr. Michel Alaby, Secretary General and CEO of ABCC, said: 'The latest figures released by the Brazilian Animal Protein Association reflect continued efforts by both parties to nurture trade relations between Brazil and the Middle East. The recent hike in Brazilian poultry exports to the region indicates growing demand for raw and processed poultry items from Brazil. I am confident that this trend will continue to rise, given the superior quality of our products and stronger ties between Brazil and the Arab World.
In December 2017 alone, Brazil recorded USD 523.8 million worth of total poultry export revenue. Total shipped volume reached approximately 321,500 tons.
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Rising nitrate level in Verndale water draws scrutiny
Rising nitrate levels from water samples taken at a well in the Verndale city park have given officials there cause for concern.
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(MENAFN- UkrinForm) Russia is preparing for a maximum escalation of the war in the near future, the main fights are yet to come.
“Russia is preparing for maximum escalation. It is gathering everything possible, doing drills and training...I can say that we are not excluding any scenario in the next two to three weeks,” Secretary of the National Security and Defense Council of Ukraine Oleksiy Danilov told sky news in an interview.
He did not rule out the possibility that Russian president Putin attempts another attack from the north, south and east, as happened on 24 February 2022 – maybe even to coincide with the anniversary.
At the same time, the NSDC Secretary said that Ukraine's military was preparing for all possibilities and this time around had significantly more support from western partners such as the UK than a year ago.
He expected about half of more than 320,000 soldiers mobilised by Russia last September to be involved in the second wave whenever it came.
Danilov noted that the main fights were yet to come.
'We went through an extensive difficult period, but I'm conscious the main fights are yet to come and they will happen this year, within two to three months. These will be defining months in the war,' he stressed.
It is why Ukraine asks its western partners to send more lethal weapons and faster. In recent days, Kyiv has been insisting that the West sends fighter jets.
'It would be great if they were [RAF] Typhoon jets. F-16s are also good. Any help would be good,' the NSDC Secretary said.
As reported, Ukraine seeks to obtain modern fighters – F-16 or F-15 of the US Air Force or their European analogs German Tornado or Swedish Gripen – to replace its Soviet-era aircraft.
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(MENAFN- Caribbean News Global)
By Government Press Office | BELIZE
BELMOPAN, Belize – The ministry of agriculture, food security and enterprise in collaboration with the Taiwan ICDF Breeding Sheep and Goat Production and Guidance System Enhancement Project (Sheep Project Phase II) held a Sheep Management Workshop at the Copal Tree Resort sheep farm in Toledo District on September 28, 2022.
Thirty sheep and goat farmers and restaurant and resort owners from Toledo District participated in the workshop, which included presentations on the introduction of the sheep project, sheep health management and nutrition, sheep traceability system, pasture establishment, supplemental feeding, and lamb preparation demonstration.
The staff of Copal Tree Resort sheep farm and Istvan Metzger, field manager for the sheep project, demonstrated the daily management activities of sheep farming, fulfilling the objective of the project for farmers teaching farmers. They also demonstrated sheep feeding, sheep breeds, and vitamin application.
The workshop is another commitment of the Sheep Project Phase II to help farmers learn from other farmers. The Sheep and Goat Project includes a budget of US$3 million for a four-year implementation of phase II, which was signed by the governments of Belize and the Republic of China (Taiwan) in March 2020.
The objectives of the project include assisting Belizean farmers in improving the quality of sheep and goats, promoting the domestic consumption of sheep and goat products and exporting these products regionally, as well as strengthening the sheep and goat traceability system to improve value chain efficiencies in Belize.
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(MENAFN- UkrinForm) In the Avdiivka sector, soldiers of the Special Operations Forces of the Armed Forces of Ukraine eliminated two Russian invaders with the help of an FPV drone.
The Special Operations Forces Command shared the relevant video on its Facebook page , Ukrinform reports.
Operators of the third separate regiment of the Special Operations Forces, during reconnaissance actions in the Avdiivka sector, discovered enemy positions and directed an FPV drone at them. Ukrainian soldiers inflicted fire damage on the enemy's position, eliminating two Russian invaders. Read also:
Russia's military death
toll in Ukraine climbs to 338,820
As reported by Ukrinform, in the Donetsk sector, soldiers of the Special Operations Forces destroyed an enemy ammunition depot and a Grad multiple launch rocket system with the help of a combat drone.
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(MENAFN - Khaleej Times)
The UAE Ministry of Health and Prevention on Friday reported 1,520 cases of the Covid-19 coronavirus, along with 1,497 recoveries and 4 deaths.
The new cases were detected through additional 297,815 tests.
As of July 30, total cases in UAE stand at 679,321, while total recoveries are 656,680. Death toll rises to 1,943.
>> Covid-19: Biden considers requiring vaccines for federal workers
>> Saudi Arabia ready to welcome vaccinated international tourists on August 1
To further boost the vaccination drive in the country, a pop-up vaccination centre for children aged 12 and above will open at Abu Dhabi’s Yas Mall, from Tuesday (August 3) till Saturday (August 7).
Meanwhile, the UAE continues to remain on the UK’s red list of countries after a travel review by the government on July 28. Passengers travelling from the countries listed in the red category will have to quarantine for 10 days in a hotel on arrival.
On the international front, Pakistan will ban air travel for anyone without a Covid-19 vaccine certificate from August 1 and will require all public sector workers to get vaccinated by August 31, the government announced on Thursday along with a host of other restrictions.
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