(MENAFN- The Peninsula) QNA
Palestinian medical sources announced the death of a Palestinian citizen, as a result of wounds he sustained by Israeli occupation aircraft attack on agricultural land east of Khan Yunis in the southern Gaza Strip earlier today, bringing the number of martyrs today to two.
An Israeli unmanned warplane fired a missile towards agricultural land in the Al-Zana area, east of Bani Suhaila town, east of Khan Yunis, killing two Palestinians.
In a related context, Israeli warplanes are flying at different heights in the atmosphere of Gaza City, and F-16 warplanes are flying at high and low altitudes in the airspace of the Gaza Strip, causing very strong sounds, which spreads a state of terror and fear among the Palestinians. Especially among children and wخةثىomen In a related context, Israeli warplanes are flying at different altitudes in the atmosphere of Gaza City, and F-16 warplanes are flying at high and low altitudes in the airspace of the Gaza Strip, causing very strong sounds, which spreads a state of terror and panic among the Palestinians. Especially among children and women.
Since the morning, warplanes bombed various areas in the Gaza Strip, leaving two martyrs and several injuries, and causing material damage to citizens' property.
For the second day in a row, the death toll rises to 12 Palestinians, including a girl (5 years) and a woman, while more than 80, including 23 children and 13 women, were injured as a result of the ongoing Israeli aggression on the Gaza Strip.
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(MENAFN- African Press Organization)
The FIFA Appeal Committee has rendered its decision on the appeals lodged by the Chilean Football Association (FFCH) and the Peruvian Football Association (FPF) against the decision issued by the FIFA Disciplinary Committee ( ) on the potential ineligibility ( ) of the player Byron David Castillo Segura with regard to his participation in eight qualifying matches of the national team of the Ecuadorian Football Association (FEF) in the preliminary competition of the FIFA World Cup Qatar 2022™.
Having analysed the submissions of all parties and after a hearing had been conducted, the Appeal Committee confirmed the decision of the Disciplinary Committee to close the proceedings initiated against the FEF. Amongst other considerations, it deemed that on the basis of the documents presented, the player was to be considered as holding permanent Ecuadorian nationality in accordance with art. 5 par. 1 of the FIFA Regulations Governing the Application of the Statutes.
The findings of the decision passed by the Appeal Committee were notified to the parties concerned today. The present decision remains subject to an appeal before the Court of Arbitration for Sport.
Distributed by APO Group on behalf of FIFA Appeal Committee.
Contact for African media:
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(MENAFN- Gulf Times) The College of Public Policy (CPP), part of Hamad Bin Khalifa University, held its second Policy Lab recently with the discussion focusing on *Women in Public Leadership: Gender and Diversity. The opening remarks, delivered by CPP founding dean Dr Leslie A Pal, set the context for a panel of leading figures in Qatar's government, private, and public sectors to share their reflections, experiences, and lessons learned within various complex policy environments.
The conversation highlighted future pathways for the region's female public policy and public-facing leaders.
Underpinning the discussions was an analysis of how achieving a gender balance in public leadership positively impacts policy outcomes.
A gender perspective on policies tackling climate change, sustainable development, and other pressing social and economic issues can also help deliver robust solutions for the impacts of these challenges.
Moderated by Dr Kim Moloney, assistant professor at CPP, the Policy Lab discussions included presentations from Amal al-Kuwari, director of Control and Development, Administrative Control and Transparency Authority; Doha Women's Forum founder Conchita Ponce; Dr Esmat Zaidan, associate professor at Qatar University; Prue Morris, managing director for policy at Qatar Financial Centre Regulatory Authority; and Dr Rabia Naguib, associate professor at Doha Institute for Graduate Studies.
These presentations highlighted that integrating gender diversity in policy agendas contributes to institutional performance and responsiveness, as well as building trust in leadership.
Dr Pal said:“Our Policy Lab has been able to give visibility to the challenges of bringing more diversity into public leadership.
“Our speakers highlighted why inclusion is important and how Qatar is making positive gains in this area.
“It is clear that concrete measures – including those involving education – are needed to advance those efforts in keeping with goals at the global level.”
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(MENAFN- Morocco World News) The Sahara has started to gain direct support from Morocco's allies in form of economic investments in the region.
While the Court of the European Union annulled the EU agriculture agreement with Morocco on the grounds that it should not apply to the so-called Western Sahara, Saudi Arabia and Turkey are exploring the potentials southern Morocco provides for their direct investments. After only two months of the visit of a delegation of investors and businessmen from Saudi Arabia to Laayoune and Dakhla now comes the turn of the Turks. A delegation of Turkish investors led by the chairman of the Turkish Investors' Council arrived in Laayoune on Wednesday, according to Moroccan news website Yabiladi. The delegation met first with the mayor of Laayoune Bouchaab Yahdih, and then held discussions with the president of the region of Laayoune-Saguia El Hamra, Sidi Hamdi oueld Errchid. The Turkish delegation was introduced to the various investments opportunities the Sahara provides. Turkish investors are believed to be particularly interested in tourism, roads infrastructure, renewable energy, construction sector, and food industry. The visit of the Turkish delegation of investors to Laayoune reflects the Turkish official support of Morocco's position on the Western Sahara. In his visit to Morocco in June 2013, Turkish president Recep Tayyip Erdogan said: 'Turkey does not recognize the Polisario Front, and we support the negotiations under the supervision of the United Nations to find a just solution to the Sahara issue.' Since 2013, the relations between Morocco and Turkey grew increasingly stronger following the frequent contacts between the King of Morocco Mohammed VI and the Turkish president Recep Tayyip Erdogan. Moreover, Morocco and Turkey are now part of an axis comprised the Sunni Islamic states led by Saudi Arabia, which aims to counterbalance Iranian influence in the Middle East.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 11. Électricité de
France (EDF), the French state-owned company, intends to assist in
the construction of Kambarata hydroelectric power plant-1 (HPP) in
Kyrgyzstan, trend reports with reference to the Cabinet of Ministers of
The issue was discussed between the Head of the Department for
the Preparation of Decisions of the President and the Cabinet of
Ministers of Kyrgyzstan, Aibek Dzhunushaliev, and the
representatives of the French company, following the Kyrgyz
official's visit to the UK.
The parties discussed possible ways for cooperation and
attracting new investments, both from the French company and from
other potential investors and international financial institutions,
to the construction of the HPP.
Kyrgyzstan and EDF also agreed on further discussion of the
financial aspects of the project implementation and terms of
cooperation, as well as to conduct additional consultations in the
Kazakhstan, Kyrgyzstan and Uzbekistan signed a roadmap for the
construction of Kambarata HPP-1 in the Kyrgyz Jalal-Abad region,
with a planned capacity of 1,800 MW, on January 6, 2023. The HPP is
expected to improve the energy security of these three
French EDF Energy operates in Belgium, the US, Poland, Italy,
China, Vietnam, and other countries. The company also covers the
production and sale of electricity and natural gas throughout the
EDF owns hydroelectric power plants with a total capacity of
20,100 MW and has vast international experience in the construction
and management of hydroelectric power plants.
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(MENAFN) In a parliamentary address on Tuesday, German Chancellor Olaf Scholz emphasized the need for modernizing the country's economy, citing the recent Constitutional Court ruling that thwarted the government's plans to redirect unused pandemic funds into the Climate and Transformation Fund. Scholz acknowledged the challenges Germany faces, including the COVID-19 pandemic, the conflict in Ukraine, and soaring energy prices, stressing the importance of preparing for unforeseen crises through economic modernization.
During his speech, Scholz cautioned against neglecting the modernization of Germany in the face of acute challenges, describing such oversight as a "grave and unforgivable mistake."
Despite the budgetary constraints, he underscored the necessity of transforming the German economy to navigate uncertainties effectively.
While advocating for economic transformation, Scholz assured continued support for Ukraine, stating that assistance would persist "as long as it is necessary." He highlighted the "existential importance" of this support not only for Germany but for all of Europe, warning of dire consequences if Russian President Vladimir Putin were to prevail in the ongoing conflict.
Earlier this month, the German government reportedly committed to doubling military aid to Ukraine, allocating a total of EUR8 billion (USD8.79 billion) for the coming year. Scholz reiterated the commitment to support Ukraine and address the energy crisis, emphasizing the government's determination to navigate the budget crisis.
However, the Chancellor's reassurances were met with skepticism from the opposition Christian Democrats (CDU), whose legal action led to the Constitutional Court ruling. Laughter erupted from the CDU as Scholz asserted that his government would manage the budget crisis.
Vice Chancellor Robert Habeck highlighted the potential "massive implications" of the legal decision for Germany's transformation into a cleaner and more technologically advanced economy. The complex interplay between economic challenges, budget constraints, and geopolitical considerations continues to shape Germany's policy landscape, with the need for strategic modernization and ongoing support for Ukraine at the forefront of Chancellor Scholz's agenda.
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© Keystone / Ennio Leanza
Switzerland's Federation of Small- and Medium-Sized Enterprises (SMEs) has raised concerns about possible violations of subsidy law by the Swiss Post.
This content was published on December 3, 2022 - 15:41 December 3, 2022 - 15:41 Keystone-SDA/ac
The SME umbrella association has written to the Swiss Federal Audit Office (SFAO) to ask it to conduct an audit. It believes that state-owned Swiss Post's acquisitions of companies in the advertising and software sectors 'are dubious' and that the prices paid are 'difficult to understand' in relation to the reality of the market.
'It is all the more shocking that Swiss Post is attacking more and more saturated markets, where it can only be a question of ousting private players,' said the SME association in its letter to the Audit Office, revealed on Saturday by the Le Temps paper.
The letter stated that Swiss Post should prove that it does not allocate financial resources to non-subsidised areas of activity. It called on the Audit Office to examine as to whether Swiss Post is violating the law on subsidies by pursuing such business models.
Swiss Post responded to the accusation by stating that since the market was opened up to competition in 1997, the company 'was given safeguards' and it 'sticks to them'. The acquisitions are not part of a 'purchasing strategy', but a 'focus' strategy, according to the firm.
'In the end, it is a question of a small number of defined and strategically selected companies that the Post wishes to acquire,' the company said.
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Bread does not get poisoned by packaging: Dubai Municipality
(MENAFN- Khaleej Times) In yet another food-related rumour - this time about bread - Dubai Municipality (DM) denied currently circulating rumours right now that a poisonous substance forms on bread if it is left within its plastic packaging in summer room temperatures.
Khalid Al Awadhi, Executive Director of DM's Food Safety Department, clarified that bread cannot turn into a toxic substance from the way it's stored; it just gets spoilt from the heat generated within its plastic packaging during summer, which accelerates the spoilage. Awadhi also confimed that the plastic used for bread packaging does not contain dioxins - which are highly toxic - as widely speculated on social media. The rumour is not supported by any scientific evidence, he pointed out. DM makes full efforts to respond to such rumours, in order to maintain public health and to protect people from any risks.
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(MENAFN- The Peninsula) The Peninsula
DOHA: Ministry of Municipality and Environment has signed an agreement with a private company to adopt advanced technology for boosting agricultural produce in the country. The initiative aims to strengthen food security in the country.
A cooperation agreement has been signed between the Ministry and the Vito Middle East WLL, Qatar, in agriculture and food security sector at the headquarters of the Agriculture and Fisheries Department at Al Mansour Tower, said a release.
The two sides agreed on cooperation in the field of agricultural development and food security through joint venture projects in research, development and studies on research and development and agricultural guidance.
The signing ceremony was attended by Sheikh Dr Faleh bin Nasser Al Thani, Assistant Undersecretary of the Ministry of Environment for Agriculture and Fisheries at the Ministry, CEO of Vito Middle East company, ambassador of Belgium to Qatar, Masoud Jarallah Al Marri, Director of Agricultural Research Department, Hamad Sakit Al Shammari, Deputy Director of Agricultural Research Department.
The projects aim at digging deep in understanding technical and economic issues for the development of plants, animals and fish resources to boost sustainable development in Qatar.
The Ministry, represented by the Agriculture and Fisheries Affairs Department, is trying to adopt the latest advanced technologies and equipment to enhance and develop its agricultural research to increase the productivity of local crops, livestock and fisheries.
Qatar welcomes all potential industry leaders who wanted to make benefit from their knowledge and expertise to help meet all sustainable development needs in line with Qatar National Vision 2030.
The Ministry is keen to sign and implement agreements of Qatari cooperation based on mutual cooperation to support the food security programme and to increase the self-sufficiency rate of the country in food. Vito Middle East Qatar, is a European independent research and technology company in the fields of clean technology and sustainable development. It is a regional government company, 100 owned by the regional government by Flanders, Belgium. Vito has been accredited as a non-profit organization by the European Commission, aiming to build local knowledge.
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(MENAFN) In a recent exchange of words, Serbian President Aleksandar Vucic has issued a strong rebuke to Croatian Foreign Minister Gordan Grlic-Radman, who accused Serbia of being a de facto "satellite" of Russia due to its refusal to align with Western positions on the Ukraine conflict. Tensions between the two nations have escalated as Serbia, historically tied to Moscow, has opted for neutrality amid the ongoing hostilities in Ukraine.
President Vucic has consistently asserted that his government faced pressure from Western powers to impose sanctions on Russia, a stance that has drawn criticism from Grlic-Radman. In response to the Croatian foreign minister's remarks, Vucic took to Instagram, condemning Grlic-Radman for what he described as interference in Serbia's internal affairs, as well as spreading false information and insults against the Serbian people. Vucic emphasized his commitment to independent decision-making, contrasting it with what he perceived as Grlic-Radman's subservience.
Furthermore, on Sunday, the Serbian Foreign Ministry issued a formal protest note to the Croatian Embassy in Belgrade, condemning Grlic-Radman's "unacceptable statement." The ministry highlighted that such comments, directed at President Vucic and Serbia as a whole, only serve to escalate tensions in the already delicate region. The statement expressed hope that Croatian officials would refrain from interfering in Serbia's internal affairs moving forward.
The article delves into the growing diplomatic spat between Serbia and Croatia, shedding light on the differing geopolitical alignments of the two nations amid the Ukraine conflict. It explores the nuances of Serbia's attempt to maintain neutrality and the perceived external pressures it faces. Additionally, the article examines the potential implications of this diplomatic dispute on regional stability, emphasizing the need for constructive dialogue and respect for the sovereignty of nations in the volatile Balkan region.
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(MENAFN- Khaleej Times) Published: Sun 24 Sep 2023, 9:44 PM
India beat Australia by 99 runs in the second one-day international in Indore to clinch the three-match series.
After being put into bat, Indian made a huge 399 for five, thanks to hundreds from Shreyas Iyer (105), Shubman Gill (104) and half-centuries from Suryakumar Yadav (72 not out off 36 balls) and stand-in captain KL Rahul (52 not out).
Australia were given a revised target of 317 in 33 overs due to rain.
But the Australians were all out for just 217 runs in 28.2 overs.
David Warner (53) was the only batsman to have put up a fight.
For India, spinners Ravichandran Ashwin and Ravindra Jadeja took three wickets each.
India won the opening match in Mohali by five wickets.
The last match of the series will be played in Rajkot on Wednesday.
This is the final official warm-up event ahead of the ICC World Cup which starts on October 5 in India.
Why Shubman Gill is the best Indian batting talent after Virat Kohli
Sodhi makes history as NZ beats Bangladesh by 86 runs in second ODI
Asian Games: Sri Lanka beat Pakistan to set up India cricket final
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(MENAFN- PR Newswire)
ODESSA, Texas , May 25, 2022 /PRNewswire/ -- Saulsbury is pleased to announce that it was recently selected to perform the mechanical construction for two compressor stations in McKenzie County, ND.
'These projects mark the fifth and sixth compressor stations we've been selected to complete for our client. Saulsbury has built a strong relationship with this client over the last two years, and we look forward to continuing to support them into the future,' said TJ Stewart, Director of Business Development.
Eric Volk, Director of Northern Operations notes, 'Our team has a history of successful project execution in the Bakken. We look forward to continuing to build this relationship and to deliver another set of successful, safe and on time projects.'
Saulsbury's Northern Operations is based out of Bismarck, ND and has project leaders with extensive experience providing turnkey construction services while maintaining an exceptional safety standard.
About Saulsbury Industries Saulsbury Industries is a full-service engineering, procurement, fabrication, and construction company that specializes in building the infrastructure necessary to fuel the future. Saulsbury serves its clients in heavy industrial markets by designing and building safe, well executed, capital-efficient projects nationwide. Headquartered in Odessa, Texas, the company's national office footprint includes Dallas, Houston, Port Arthur, Henderson, Abilene, Pecos, and Corpus Christi, TX; Carlsbad, NM; Tulsa, OK; and Bismarck, ND. For more information, please visit and follow Saulsbury on LinkedIn or Facebook.
For information or inquiries, please contact:
Saulsbury Marketing and Communications 2951 E. Interstate 20Odessa, TX 79766(432) 366-3686[email protected]
SOURCE Saulsbury Industries
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(MENAFN- Gulf Times) Senator Christopher Lawrence 'Bong Go has called anew for the early passage of Senate Bill (SB) 205, which seeks to create the Department of Disaster Resilience (DDR), and another measure mandating the establishment of mandatory evacuation centres nationwide.
The chairman of the Senate health and demography committee said there was a need for a change in the mindset and approach in dealing with natural disasters and calamities, given that these situations were regular occurrences in the country.
He added that the hardships caused to the people by such calamities were heightened in times of crisis such as the ongoing coronavirus disease 2019 (Covid-19) pandemic.
Go also highlighted the importance of promoting awareness, disseminating information and educating the public on disaster preparedness, especially as the country observes the National Disaster Resilience Month.
Executive Order 29, signed by President Rodrigo Duterte on June 2017, mandates the observance of National Disaster Resilience Month nationwide every July.
'We should acknowledge the fact that government as a whole can do more to educate and inform the public when it comes to disaster preparedness, especially the local government units that are most affected by the pandemic, or near a volcano, or frequently hit by typhoons and earthquakes, Go said.
The senator filed in July last year SB 205, or the 'Department of Disaster Resilience Act, which seeks to create an empowered, highly specialised and responsive DDR with clear unity of command and primarily responsible in ensuring safe, adaptive and disaster-resilient communities.
The department will concentrate on three key areas: disaster risk reduction, disaster preparedness and response, and recovery and building forward better.
Presently, various government agencies dealing with disaster risk reduction and management are scattered in several departments and offices, and the current lead National Disaster Risk Reduction and Management Council is merely a co-ordinating body.
'It's time to scale up preparedness and resiliency against disasters.
It's also time to have a separate department that is focused on this kind of occurrences.
It should be clear who is in-charge in this kind of situation, the senator said.
Aside from the DDR bill, Go also filed SB 1228, or the 'Mandatory Evacuation Centre Act, which will require every province, city and municipality to construct such centres that will be equipped with emergency packs, medicines and other basic necessities.
While the Mandatory Evacuation Centre bill is being deliberated in the Senate, Go acknowledged the need for temporary evacuation centres with the onset of the typhoon season.
He urged authorities to set guidelines to ensure that these temporary evacuation centres are also Covid-proof.
'With the onset of the typhoon season, it is expected that many Filipinos that might be hit by typhoons will be needing evacuation centres.
I am calling on the Inter-Agency Task Force for the Management of Emerging Infectious Diseases to come up, as early as now, with guidelines ensuring that those who will occupy the evacuation centres are Covid-free and will follow health protocols, Go said.
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Inaugural Winners of Fia Rally Star Mena Finals Crowned in Abu Dhabi
(MENAFN- Seven Media) Yas Marina Circuit, Abu Dhabi, UAE, March 22, 2022: The FIA Rally Star Training Season officially crowned the winners from the Middle East and North African region after a thrilling contest of speed and skill at Yas Marina Circuit this weekend.
In an epic regional final, Abdullah Masoud Altawki and Farah Zakariaimpressed to earn their spot within the FIA Rally Star Training squad for the 2023 season, with high hopes of one day competing in the FIA World Rally Championship. Anthony Dagher secured the reserve driver position in the regional final in Abu Dhabi following his strong showing to round out the team.
Held on a purpose-built stage within the iconic Yas Marina Circuit across the weekend,23candidates from nine countries across the MENA region, including Abdullah Altawki from Oman, and FarahZakaria from Jordanwere put to the test across a series of challenging physical and cognitive assessments before getting behind the wheel across six rallies in the impressive M-Sport Ford Fiesta Rally3.
The three members will gear up to take to the car again as members of the 2023 team earning their chance to compete in the FIA Junior World Rally Championship in 2024 as part of the FIA Rally Star Season Development programme.
This weekend also saw the season finale of the Emirates Drifting Championship at the region’s home of motorsport, with Ahmed Daham finishing the season atop the podium in first place. Daham was joined by Saeed Ahmad and Dany Nevilleto round out the final podium following a dramatic conclusion to the 2022 competition at Yas Marina Circuit.
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(MENAFN- AsiaNet News) Bigg Boss, a renowned reality TV show where contestants live in isolation while being continuously monitored, is gearing up for its 10th season in Kannada. The show, known for its popularity in India, is set to premiere on October 8, with the iconic host, Sudeep, returning once again.
The contestants for this season have been unveiled, and the lineup includes TV actress Namrata Gowda, film actress Roopa Rayappa of 'KGF' fame, TV actress Ranjani Raghavan, singer and actress Varsha Kaveri, social media influencer Bindu Gowda, singer and actress Rekha Vedavyasa, TikTok star Bhumika Basavaraj, actor and model Rajesh Dhruva, singer and actor Naveen Krishna, actress Asha Bhatt, mimicry artist Mimicry Gopi, actor and comedian Ravi Srivatsa, veteran actor Tennis Krishna, singer and actor Tarun Chandra, famous cricketer Vinay Kumar, and actor Sunil.
'Davangere express' famed Cricketer Vinay Kumar to enter Kannada Bigg Boss-10?
The upcoming season promises to be grander than ever, featuring a luxurious new set and a diverse group of contestants from various backgrounds. Additionally, the show will be streamed 24/7 on Voot Select, Viacom18's streaming platform, allowing viewers to watch it live anytime. The main episodes will also be broadcast on Colors Kannada, a leading Kannada television channel.
Bigg Boss Kannada Season 10 is expected to deliver more twists and turns, making it an eagerly anticipated entertainment event for fans.
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(MENAFN- Jordan Times)
AMMAN — Deputising for His Majesty King Abdullah, the Supreme Commander of the Jordan Armed Forces-Arab Army (JAF), HRH Crown Prince Hussein on Monday attended the graduation ceremony of the fourth class of Future Knights (Forsan Al Mustaqbal) officers, held at the Royal Military College.
During the ceremony, attended by Their Royal Highnesses Prince Feisal Bin Al Hussein and Prince Mired Bin Ra'ad, as well as Prime Minister Bisher Khasawneh and Chairman of the Joint Chiefs of Staff Maj. Gen. Yousef Huneiti, Crown Prince Hussein inspected the ranks of graduates, according to a Royal Court statement.
Speaking at the ceremony, JAF Mufti Hassan Makhatreh underscored the Hashemite leadership's keenness to establish and advance military education to provide young officers with the knowledge and qualifications needed to succeed in military service.
For his part, Royal Military College Commandant Sufian Suleihat said the college is working on implementing His Majesty's vision in developing its educational and training programmes to equip officers with the military and leadership skills needed for service at JAF.
Also during the ceremony, attended by General Intelligence Department Director Maj. Gen. Ahmad Husni, Public Security Directorate Deputy Director Brig. Gen. Mohammad Tbaishat, and a number of senior officials and JAF officers, Crown Prince Hussein distributed awards to top achievers.
Founded in 1950, the Royal Military College graduates officers from JAF and armed forces in other Arab countries.
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Morocco- Algerian Man Arrested in Tangier For Drug Trafficking
(MENAFN- Morocco World News) Tangier police arrested an Algerian citizenon Thursdayin Beni Makada for the illegal sale of alcohol and drug trafficking.
The suspect whose identity was not revealed to the press was a key member of an active criminal network in the Tangier region according to Le360 news website. Authorities have arrested other members of the drug trafficking cell the same source said. The Algerian man had allegedly been living in Tangier for the last ten years. Police discovered the suspect was associated with a group of criminals 'under 30' accused of smuggling and selling alcohol and drugs in the black market. According to the same source the suspect was the last 'wanted' member of the group who was still living free and involved in illicit activities in northern Morocco. Police in Tangier now have all members of the criminal gang in custody. The drug trafficker arrested was born in 1978 in Oran Algeria. According to the same source he had a criminal history of selling alcohol and drugs to minors in Tangier. According to the same source the criminal group was selling drugs and alcohol out of a garage in Tangier with a banner that read 'Dakka Marrakchia'. Among the types of drugs found and seized by the Tangier police were prescription medications cigarettes hard liquor bottles bags of powder drugs cellphones and even knives according to images released to the media.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 22. The draft
roadmap of the working group of Azerbaijan on 'Connection to
electric grids' will be refined considering the new proposals from
the group experts, Trend reports via the Azerbaijani Ministry of
"The Center for Analysis of Economic Reforms and Communications
hosted a meeting of the mentioned working group of the Commission
on Business Environment and International Ratings," the ministry
said. "Issues related to taking necessary measures arising from the
law of Azerbaijan dated December 30, 2023 'On amendments to the law
of the Azerbaijan 'On electricity' were discussed. The working
group's draft roadmap for 2024 was considered, and it was decided
to refine it based on the new opinions and suggestions of
The meeting was attended by the Deputy Minister of Energy Samir
Valiyev and other representatives of the ministry, as well as
experts from the ministries of economy, digital development, and
transport, the State Committee on Urban Planning and Architecture,
Azerishig CJSC, the State Agency of Azerbaijan Automobile Roads,
the Small and Medium Business Development Agency, and the Energy
"The operation of the online application system for connecting
to the power grid, comparative statistics on the number of online
connections for the past period, reports from relevant institutions
on the current situation with online payments were reviewed.
Practical issues arising from the implementation of applications
received in the online system of connection to the power supply
grid were also discussed," the ministry added.
Discussions also took place on tasks related to the new World
Bank report on electricity issues.
To note, Azerbaijan generated 2.4 billion kWh of electricity in
January 2024. The country decreased electricity exports by 77.3
percent compared to January 2023, reducing it to 116.3 million kWh,
while the imports rose by 75.9 percent to 19 million kWh.
Stay up-to-date with more news on Trend News Agency's
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(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 19. Uzbek Sanoat
Energetika Guruhi (SEG) plans to expand the geography of its
exports, the company told Trend .
The company noted that in the future it is planning to export
such products as gas, industrial and base oils, slack wax to
European countries, petroleum coke to China, and industrial and
base oils to the UAE.
It was also noted that today the products of SEG are exported
mainly to the Central Asian countries - Kyrgyzstan, Tajikistan and
Kazakhstan, as well as to Poland, Latvia and Lithuania.
'The volume of exports in the first half of 2022 amounted to 500
tons of products,' the company reports.
Sanoat Energetika Guruhi (Jizzakh Petroleum until November 2021)
was established in 2017 with the aim of expanding the country's
production capacities for the deep processing of hydrocarbon raw
materials and the production of high-quality petroleum products, as
well as increasing the export potential of Uzbekistan's oil and gas
SEG is Uzbekistan's largest private oil and gas company which
owns the subsoil rights to 103 deposits for geological exploration
and extraction, and which accounts for about 80 percent of oil
production in Uzbekistan. The total volume of production in 2021
amounted to 498,900 tons of oil and 401 million cu.m. of gas. In
2021, the company sold over 285,000 tons of diesel fuel and over
209,000 tons of motor gasoline of various grades on the domestic
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Russia: Ukraine employs 'kamikaze drones' to attack Zaporizhzhia nuclear power station
(MENAFN) Russia claims Ukraine is employing "kamikaze drones" to attack the Zaporizhzhia nuclear power station, which has been under persistent bombardment recently, despite the potential for catastrophic repercussions.
Russia's Defense Ministry said in a statement on Sunday that Ukrainian soldiers continued to strike the area around Zaporizhzhia in southern Ukraine. According to the ministry, at least eight "kamikaze drones" were employed to attack the facility's surroundings.
According to the government, Russian soldiers shot down all of the drones beyond the plant's perimeter.
“Attempts by the Armed Forces of Ukraine to strike at the territory of the [Zaporizhzhia] NPP with eight kamikaze drones were prevented. All Ukrainian unmanned aerial vehicles were shot down outside the territory of the nuclear plant,” according to the official spokesman of the Russian Defense Ministry, Lieutenant-General Igor Konashenkov, in the statement, TASS announced.
Zaporizhzhia is Europe's largest nuclear power plant and one of the top ten in the world. Russian soldiers seized the factory on February 24, shortly after Moscow started its "special military operation" in the ex-Soviet republic. Russia is accused by Ukraine of keeping heavy weapons in the complex. The charge is denied by Moscow.
The facility has been frequently targeted in recent weeks, sparking fears of a Chernobyl-style nuclear disaster. Ukraine and Russia both accuse the other of attacking the facilities.
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(MENAFN- UkrinForm) Since February 24, the day when Russia kicked off its full-scale invasion, 3.4 million citizens have returned to Ukraine from abroad.
Ukraine's State Border Guard Service spokesperson Andriy Demchenko delivered an update at a briefing at the Media Center Ukraine - Ukrinform.
'In total, more than 10 million people have crossed the state border in both directions since February 24, including 6.1 million travelers who have been registered for departure, of whom the vast majority (5.4 million) are citizens of Ukraine. At the same time, 3.4 million Ukrainian citizens crossed into Ukraine,' Demchenko said. Read also:
MIA: More than 7.7M people have left Ukraine since beginning of war
He added that, presently, the average daily number of border crossings fluctuates at 85,000-90,000 and 20,000 vehicles in both directions on the borders with the EU and Moldova. The largest flow, traditionally, is observed across the border with Poland.
Polish border guards speak of the queues consisting of cars coming into Ukraine in certain checkpoints, while they seeing no significant queues going out of Ukraine.
'As seaports remain blocked, of course, logistics flows have increased on the western borders, leading to queues of trucks. Therefore, we are working with neighboring countries to develop joint efforts to increase the capacity of checkpoints,' said the spokesperson for the State Border Guard Service.
As reported, on June 20, the Krakovets-Korczowa checkpoint on the border with Poland was reopened following an upgrade. Its capacity has increased by 50% due to a larger number of lanes for trucks (10 against 4) and the set-up of additional customs and passport control pavilions.
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News Desk |
Finance Minister Asad Umar has said that the government directed FBR to review and improve the Expeditious Refund System (ERS) parameters to ensure the early processing of exporters’ claims. He was talking to the delegation of Pakistan Business Council (PBC) here on Wednesday.
The delegation discussed with the minister the overall business environment in the country and made recommendations for necessary policy interventions to enhance business & commercial activity in the economy.
The Minister said that the government was working on enhancing the productivity of various sectors and promoting value addition with a view to achieving export enhancement and job creation.
Finance Minister said the government believed in facilitating all sectors of the economy and was taking serious measures to create an enabling business environment. Having a quality tax regime which could help achieve this end was among government’s top priorities.
The Minister particularly expressed the government’s commitment to resolving the sales tax refund issue on a sustainable basis. He informed the delegation that the procedure for processing of DLTL claims was also being revised to ensure that the delays are eliminated.
The delegation also raised the issue of GIDC. The Minister said that the prolonged litigation was neither in the interest of the business community nor the government. He sought recommendations of the business community to resolve this long-standing issue.
The Minister said that the government was working on enhancing the productivity of various sectors and promoting value addition with a view to achieving export enhancement and job creation. He invited the business community to make suggestions for achieving these objectives.
Adviser to the Prime Minister on Commerce and Industries, Abdul Razak Dawood, Minister of State for Revenue, Mohammad Hammad Azhar were also present in the meeting. The recommendations included measures related to tax as well as ease of doing business in general.


(MENAFN- Kashmir Observer)
Srinagar: An elderly man from south Kashmir's Awantipora died on Saturday after falling into an under-construction drain in Natipora area of this capital city.
72- year- old Peerzada Ghulam Mustafa died after falling into an under-construction open sewage canal , which was filled with water in the Harnambal area of Natipora, reports said. The deceased was a resident of Awantipora who had visited her daughter in Natipora.
Mustafa's son said that the family got to know from locals about the death of his father, who was in water for hours.
“Yesterday two kids were about to fall in this drain but somehow managed to save themselves, and before that a sumo fell in the same canal which is still stuck there,” locals said.
“As nobody was taking this route, no one got to know about the incident for hours before his dead body was found in the water,” they said.“The contractors or the workers who were working on this drain should have put up a sign or red flag for awareness.” (KNO)
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(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, June 4 (KUNA) -- Under the auspices of His Highness the Prime Minister Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, the Public Authority for Sport (PAS) in cooperation with Kuwait Olympic Committee hosted a ceremony on Sunday honoring Kuwaiti exceptional athletes for the year 2023.
On behalf of 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, Sheikh Ahmad conveyed, in a speech at the ceremony greetings and blessings to all athletes and recognizing their achievements in various sport fields and events.
The premier added that most of the honored sports federations and clubs today have reached advanced stages when they participates in tournaments, expressing his aspiration that the State of Kuwait has become a strong competitor in the region and international stage.
Sheikh Ahmad also addressed his sons, the athletes, "We must not look back, as Kuwaitis we will not benefit much from it.
Let us put aside our differences and work together for a better future to Kuwait sport.
His Highness the premier mentioned that those in charge of the Public Sports Authority are among the best young people and are currently working on developing strategic plans for the future, calling on everyone to cooperate with them to improve Kuwaiti sport.
Sheikh Ahmad also expressed his pride in the achievements that Kuwaiti athletes made and the high levels they presented that culminated in obtaining the highest ranks, calling on them to continue such progress and raise the flag of Kuwait high in the upcoming sports events.
For his part, Minister of Information and Minister of State for Youth Affairs, Abdulrahman Al-Mutairi, delivered a similar speech in which he affirmed that the celebration of this distinguished group of athletes comes as an appreciation and culmination of their achievements, indicating that the patronage of His Highness the Prime Minister represents a clear motive for the honorees to continue to thrive in all international forums.
Meanwhile, Chairman of the Kuwaiti Olympic Committee, Sheikh Fahad Nasser Sabah Al-Ahmad Al-Sabah, said in a statement to KUNA that the honoring ceremony, which included 350 male and female athletes from 23 sports organizations, is an affirmation of the permanent care given by the political leadership and state officials to the sports sector.
His Highness the Prime Minister honored the distinguished male and female athletes for the year 2023 from various Kuwaiti bodies, committees, federations and sports clubs.
The ceremony was attended by the Director of PAS, Yosef Abdullah Al-Baidan, the President of the Kuwaiti Olympic Committee, Sheikh Fahad Nasser Sabah Al-Ahmad Al-Sabah, and senior state officials. (end)
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(MENAFN- ING) Indonesia's trade surplus jumps to $4.7bn on strong export performance
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$4.7bn August trade surplus
record high Higher
Trade surplus zooms to $4.7bn
Indonesia's trade report showed exports and imports post double digit gains in August as activity recovered from the low level of trade in 2020. Surging exports however pushed the trade surplus to a record high of $4.7bn, surging well past expectations for a surplus of $2.31bn. Exports were up 64.1% (vs 36.1% forecast), boosted by outbound shipments from the oil and gas (+77.9%), mining (+162.9%) and manufacturing (+52.6%) sectors. Meanwhile, imports were also higher than expected posting a 55.26% gain (45% forecast) reflecting improving domestic activity relative to last year.
Trade surplus hits record as exports surge
Badan Pusat Statistik
IDR to gain support from surging exports
The sizable trade surplus will likely provide support to the Indonesian rupiah and may just be enough to push the entire current account balance back into surplus for August. The strong showing for the exports sector was likely driven by rising commodity prices, helping exports to post the highest level on record. Should commodity prices remain elevated in the coming months, exports could sustain their solid expansion to help keep the trade surplus at these elevated levels. Bank Indonesia has recently signalled that policy rates would be on hold for at least the balance of the year and IDR may need to derive support from the export sector for the time being.
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(MENAFN- UkrinForm) The Russian government's initiatives to roll out a basic military training programme in schools and universities testifies to the further militarization of all spheres of life in wartime Russia.
That's according to an update by British intelligence, posted on Twitter by the country's defense ministry, Ukrinform reports.
“In recent weeks, the Russian Ministry of Education has provided more detail on the rollout of the previously announced plan to include basic military training in Russia's secondary school curriculum,” the report says.
The module within the“Basics of Life Safety” course will include training with AK series assault rifles and hand grenades, military drill and salutes, and the use of personal protective equipment. Read also: president zelensky: any neutral flag of russian athletes is stained with blood
“The lessons will become mandatory from 01 September 2023. In addition, in December 2022, the Ministry of Science and Higher Education announced a 'military training basics' programme for university students,” reads the update.
The initiatives highlight the“increasingly militarised atmosphere” in wartime Russia, as well as being a (likely deliberate) evocation of the Soviet Union: similar training was mandatory in schools up to 1993.
In the previous update by British intelligence, analysts noted that as a result of the attack on the Russian military base in Makiivka (occupied part of Donetsk region) on New Year's Eve, more than 300 servicemen were killed.
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(MENAFN - The Conversation) An award-winning author, innovative researcher, and frequent media commentator, Dr. Coulter is recognized globally as a path-making analyst of animals and labour, animals in public policy, and gender and work. She is Canada's foremost academic expert on animal cruelty investigations and animal protection.
She's a fellow of the Oxford Centre for Animal Ethics and a Member of the Royal Society of Canada's College of New Scholars, Artists and Scientists.
- –present Associate Professor in Labour Studies and Chancellor's Chair for Research Excellence; Member of the Royal Society of Canada's College of New Scholars, Artists and Scientists, Brock University
- Huron University College, BA, Scholar's Electives
- University of Toronto, PhD, Anthropology
Fellow, Oxford Centre for Animal Ethics; Member, The Royal Society of Canada's College of New Scholars, Artists and Scientists
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(MENAFN- UkrinForm) A man was killed and a woman was injured in Russia's shelling of Velyka Pysarivka community in Sumy region.
The Sumy Regional Prosecutor's Office said this in a post on Telegram , Ukrinform reports.
"According to the investigation, on September 17, 2023, around 10 a.m., the occupiers, using methods of warfare prohibited by international law, fired artillery at the civilian infrastructure of Velyka Pysarivka community in Sumy region. A 47-year-old man was killed, a 40-year-old woman was injured as the enemy attacked the territory of their own household,” the report says. Read also: Civilian killed, policeman injured as Russians shell two villages in Kherson region
Under the procedural guidance of the Sumy Regional Prosecutor's Office, a pre-trial investigation has been launched into violation of the laws and customs of war, combined with intentional murder (Part 2 of Article 438 of the Criminal Code of Ukraine).
As reported by Ukrinform, on the night and morning of September 17, the Russian forces shelled Sumy region - almost 30 explosions rang out.
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(MENAFN - Trend News Agency ) BAKU, Azerbaijan, May 29
By Zeyni Jafarov – Trend:
The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, grew by 45 cents on May 28 compared to the previous price, reaching $69.67 per barrel, Trend reports referring to the source from the country's oil and gas market.
The price of Azeri LT FOB Ceyhan amounted to $69.02 per barrel on May 28, increasing by 44 cents compared to the previous price.
Azerbaijan has been producing Azeri LT since 1997 and exporting it via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa Western Export Pipeline, as well as by rail to the Georgian port of Batumi.
Azerbaijan also sells its URALS oil from the Russian Black Sea port of Novorossiysk, delivering it through the Baku-Novorossiysk pipeline.
The price of URALS with shipment from the port reached $66.85 per barrel on May 28, which has risen by 62 cents compared to the previous price.
Meanwhile, the cost of a barrel of Brent Dated oil, produced in the North Sea, amounted to $69.51 per barrel, an increase of 43 cents compared to the previous price.
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(MENAFN- UkrinForm) The Ukrainian Air Force destroyed 29 out of 31 enemy Shahed attack drones and an Iskander-K cruise missile on the night of October 2 to 3.
The Ukrainian Air Force announced this on Facebook . Ukrinform reports.
"On the night of October 3, 2023, the Russian occupiers attacked [Ukraine] with 31 Shahed attack UAVs and an Iskander-K cruise missile. The launches were carried out from temporarily occupied Crimea: the Shaheds from Cape Chauda and the Iskander-K cruise missile from the Dzhankoi district," the post reads. Read also:
Russia's military death toll in Ukraine rises to 279,440
Anti-aircraft missile forces, fighter jets and units of mobile fire groups worked in the southern and eastern regions.
The targets were destroyed in the areas of responsibility of the Air Commands South and East within the Mykolaiv and Dnipropetrovsk regions.
Some 13 drones and a missile were destroyed in the sky over the Dnipropetrovsk region overnight.
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Facebook to launch digital literacy program for Indian women
03 Jun 2018
Social networking giant, Facebook has announced a partnership with the National Commission for Women (NCW), wherein they'll launch a digital literacy program for women in collaboration with the Cyber Peace Foundation (CPF).
The training programs will be carried out in local languages in multiple states across the country, over a period of one year.
Here are the details.
Facebook stresses on the importance of inclusion of women
"Economies can only grow well with equal participation from women, and in today's age, this can largely happen with the free and unhindered presence of women on the internet," said Ankhi Das, Facebook's Public Policy Director for India, South and Central Asia.
What we know about the digital literacy program
As part of the digital literacy program pilot, over 60,000 women in universities, across major cities in Delhi-NCR, Haryana, Maharashtra, Manipur, Meghalaya, Sikkim, and Tamil Nadu, will be provided awareness training.
The interactive sessions would provide the women with training on safe and responsible use of the internet, social media, and emails.
It will also teach them to differentiate between questionable and credible information.
Why teaching safe and responsible use of internet is important
The training program assumes particular significance in light of revelations made by NCW Chairperson, Rekha Sharma.
She explained that with more women coming online, the NCW had witnessed a surge in cyber crime related complaints over the past three years.
CPF President, Vineet Kumar echoed similar views, saying that cyber crime targeted at untrained/uninitiated women could be potentially disastrous for them.
Protecting women online is key to allowing freedom of expression
"This [the threat to cybersecurity] naturally calls for the protection of women when they are online in a manner which reassures and enables them to freely express themselves and share their views," explained Facebook's Ankhi Das, emphasizing the need for training.
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FIFA President Gianni Infantino said the World Cup in Qatar is worth the greatest effort Copyright 2018 The Associated Press. All Rights Reserved
A year before the start of the football World Cup in Qatar, Gianni Infantino has decided to rent a house in the Gulf state that is due to host the tournament, it has been confirmed.
This content was published on January 17, 2022 - 11:19 January 17, 2022 - 11:19 Blick/ac
جياني إنفانتينو رئيس الفيفا ينتقل للإقامة في قطر
An investigation published by the SonntagsBlick newspaper confirmed that Infantino had rented a house in Doha and that two of his children are going to school there. The FIFA chief has been living in Doha since October 2021, the paper said.
FIFA, world football's governing body, has always denied rumours of Infantino's move to Qatar but was forced to admit it was the case following the SonntagsBlick investigation. The organisation claims that its president continues to work at its headquarters in Zurich and pay taxes in Switzerland. It told SonntagsBlick that Infantino spends half of his working time in Doha and that the house in the Qatari capital allows him to spend a lot of time with his family. However, according to SonntagsBlick, employees have confirmed that Infantino is rarely present in Zurich.
Infantino defended his move to Doha in the paper saying that the World Cup, which is taking place from November 21 to December 18, 2022, would be a historic event for the region and FIFA and that it was worth the greatest effort.
The governing body told SonntagsBlick it was necessary for Infantino to be in Doha regularly to help organise the tournament.
The move has raised eyebrows in the football community. English footballer turned broadcaster Gary Lineker responded on Twitter with the comment,“What the hell?”
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- Live Mint) "At least 29 people were killed on Tuesday after a broke out at the Masquerade nightclub in Turkey, news agency Reuters quoted Turkish authorities as saying club - located within a 16-story residential building in Istanbul - had been closed for renovations. By late afternoon, around 20 fire trucks and ambulances were still crowded around the building, reported news agency AFP, adding, a police cordon kept onlookers and traffic 100 meters (yards) away from the scorched facade city governor's office said that the fire began at 12:47 (0947 GMT), however, it was only in the late afternoon that Davut Gul's team announced the blaze was out READ: Maharashtra news: Massive fire in scrap godown in BhiwandiFirefighters doused the charred and smoking entrance to the club amid paramedics rushed victims into ambulances, added the report.\"An investigation has been opened into the fire that occurred in Gayrettepe (neighbourhood) in the Besiktas district of Istanbul,\" Interior Minister Ali Yerlikaya posted on X.Following the fire broke out, Officials indicated that several people including the managers and one person in charge of the renovations had been detained for questioning. The cause of the fire remains under investigation city governor's office said that they have detained six people over the blaze as part of an ongoing investigation footage showed white and black smoke billowing from the basement floors, while flames rising to the third floor of the building. Also, the corridors leading to the club's entrance were completely charred to website, the Masquerade can host up to 4,000 people with DJ performances and stage shows several times a week. The venue, a popular Gayrettepe nightspot called \"Club Masquerade\", boasted several stages and regularly gave live concerts. Its license was first issued in 1987 and renewed in 2018, governor Gul said, reported AFP agency inputs.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 20. Kyrgyzstan has
potential of exporting over 6,000 goods duty-free or at very low
tariffs to the European Union as a beneficiary of the EU's
Generalized Scheme of Preferences (GSP+), the source at European
Commission (EC) told trend .
"GSP+ countries benefit from complete duty suspensions for
approximately 66 percent of all products and tariff lines,
including sensitive products," the source noted.
According to the EC, Kyrgyzstan is mostly exporting raw
materials and agricultural products to the EU at the moment. The
main European importers of Kyrgyz goods are Lithuania with imports
worth 47 million euro in 2022, Germany (imports for 24 million
euro), Poland (16 million euro), Slovakia (13 million euro) and
Latvia (11 million euro).
"The European Union is an open market, where goods are imported
based on competitive advantages such as quality and price. From
that point of view, there is potential for Kyrgyzstan to become
more competitive and increase its exports to the EU, which is the
world's largest trading block," the source said.
According to the source, trade turnover between Kyrgyzstan and
the EU member states amounted to 1.3 billion euro in 2022, which is
an increase of 3.9 times over 337.2 million euro in 2021.
The EU exported to Kyrgyzstan goods for 1.1 billion euro last
year, and imported for 147.1 million euro.
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(MENAFN- Gulf Times) A member of the Qatari royal family, who was allegedly detained in the UAE, was transferred to a hospital shortly after his arrival in Kuwait.
Sources told Al Jazeera that Sheikh Abdullah bin Ali al-Thani was seen in a wheelchair when he arrived in Kuwait from the UAE.
Sheikh Abdullah's brother, Sheikh Khalid, told Al Jazeera on Tuesday that his sibling's health deteriorated due to exhaustion and the pressure he was exposed to under the Emirati authorities.
Sheikh Khalid added that his brother is now in stable condition and should be leaving the hospital soon.
News agency DPA, too, reported that Sheikh Abdullah was admitted into a military hospital in Kuwait for a check-up following his arrival late Tuesday from the UAE.
The agency report referred to Kuwaiti newspaper Alqabas, which had cited an unnamed security official.
'He was taken to the hospital at his request because he feels a bit exhausted, the official added without further details.
Kuwaiti online newspaper al-An quoted a Kuwaiti diplomat as saying that 'Kuwait welcomes whoever comes to it as long as he is committed to laws that do not allow harming any Gulf or Arab country.
Kuwait was handling Sheikh Abdullah's case on a 'humanitarian basis, the diplomat said.
Sheikh Abdullah, who had emerged as a 'negotiator in the dispute between Gulf states in the weeks after Riyadh and Abu Dhabi cut ties with Doha last June, left the UAE with his daughters.
He had posted a video online on Sunday saying he was detained in the UAE and 'afraid something could happen to me that will be blamed on Qatar.
The UAE denied Sheikh Abdullah was being held against his will, with state news agency WAM reporting he was in the country 'at his own behest.
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New Diamond Exchange Token Sent These Shares Soaring
A California-based financial firm just announced the launch of the ADE token in South Korea in connection with the Asia Diamond Exchange. According to the release, the token "is designed to optimize transparency and fair pricing to the diamond industry to provide enhanced benefits to all stakeholders.
"By validating transactions on a blockchain, there are no chances of counterfeiting or substandard pieces. Consumers will be able to design and purchase custom diamond jewelry and loose gemstones at significantly better prices by using the ADE tokens." Shares of PHI Group Inc. (OTCPK:PHIL) rallied on the news.
PHI Group Inc. is part of the financial services industry. Its primary scope of business is mergers and acquisitions. Its M&A advisory and consulting services include strategic and transaction advisory and consulting services related to acquisitions and divestitures. It advises and consults with buyers and sellers of businesses, provides corporate restructuring and turnaround management services and delivers post-closing value enhancement services.
Traders were bullish on the news as shares quickly jumped up to $0.0069/share (+16.95%) at the session high. This move is a strong confirmation of the support the stock found earlier this month as long term shareholders hope for a start of the next bull run.
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(MENAFN- ING) 2Q GDP at 7.4%
2Q Philippine GDP rose 7.4%YoY which disappointed market participants who were expecting growth to settle at 8.4% (from 8.2% in 1Q). Rapidly rising prices blunted mainstay household consumption, which grew 8.6% YoY but contracted 2.7% QoQ as inflation averaged 5.5% YoY for the period.
Also weighing on overall growth momentum was the stark widening of the trade gap as import growth sustained double-digit gains. The June trade report, also released today, showed the trade deficit at an all-time high (-$5.84bn). Economic planning secretary Balisacan suggested that the trade gap could widen further in the coming months, pointing to a sustained drag on overall GDP for the rest of the year.
2022 growth likely to settle at the lower-end of government target
Today's GDP report points to full year growth settling at the lower-end of the government's 6.5-7.5% growth target. The economy is facing the triple threat of accelerating inflation, rising borrowing costs and a relatively high debt-to-GDP ratio . Faster inflation, which was last reported at 6.4%, should cap overall household spending while rising interest rates are likely to deter investment outlays. Meanwhile, elevated levels of debt could act as a handicap and mitigate the ability of the national government to provide stimulus in the near term.
All together the headwinds facing the Philippine economy could force 2022 GDP growth to settle at 6.5%, at the lower-end of the BSP's aspirational target.
Growth weighed down by surging inflation
Philippine Statistics Authority and ING
Growth miss not likely to deter BSP resolve
Despite the disappointing growth report, we still expect Bangko Sentral ng Pilipinas (BSP) to maintain its hawkish bias for the rest of the year. Prior to the GDP release, BSP Governor Medalla hinted that the central bank was more inclined to hike policy rates by 50bp to help combat inflation that surge well-past BSP's target. We believe however that BSP may dial down the magnitude of tightening, resorting to 25bp rate increases for the remainder of the 2022 policy meetings.
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(MENAFN- IANS) Mumbai, Aug 24 (IANS) Singers and sisters Sukrit and Prakriti Kakar have joined forces with Mellow D and Upside Down for a new song 'Over You', which delves deep into the realms of heartbreak and healing through music.
Talking about their latest release, 'Over You', Sukriti-Prakriti Kakar shared:“It's incredibly exciting to bring back an urban heartbreak track for our fans. This time, we aimed to deliver a fresh SuPra experience.”
"And by teaming up with Mellow D and Upside Down, we've seamlessly integrated a tale of healing into a melodic canvas. 'Over You' is a heartfelt creation, and we genuinely hope it provides comfort to those who've braved the journey of heartbreak."
'Over You' encapsulates the bittersweet experience of letting go and discovering newfound strength amidst the complexities of heartbreak. The vocals of Sukriti and Prakriti evoke unfiltered emotion amplified by the depth and authenticity Mellow D adds to the narrative.
Infused with Upside Down's urban-pop flair, the music creates an indelible connection with listeners, resonating on a profound level.
This milestone also marks Sukriti and Prakriti inaugural foray into a lyrical music video, promising an entirely new fan experience. Collaboratively, Sukriti - Prakriti Kakar, Mellow D, and Upside Down channel their talents, resulting in a composition that magnificently showcases their collective musical brilliance.
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(MENAFN) As part of its digital transformation plan, Qatar Airways Cargo prioritizes providing accurate information, quick access, and effective interactions for both its staff and customers in equal proportion. After all, Qatar Airways Cargo is "Moved by People" and offers the best user experience through a blend of smart technology and really individualized customer service, according to an official.
One of the main ideas of The Next Generation concept, which involves a whole new approach to understanding business, is digital transformation. The Next Generation strategy aims to let Qatar Airways Cargo realize its full digital potential to enhance procedures in the quickly evolving air cargo sector.
Faisal Karamat, vice president of customer experience at Qatar Airways Cargo, declared, “digital tools are an enabler and an enhancement of our service portfolio, giving our customers a broad and varied choice of how they wish to interact with us, and our employees the tools for proactive rather than reactive engagement. Our digital developments are based on reducing process inefficiencies so that customers receive a faster turn-around. These adaptations enable our people to focus on value-added work, not on repetitive manual tasks that do not bring value.”
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(MENAFN- Brazil-Arab News Agency (ANBA)) Paris – The 2030 World Expo will be held by Saudi capital Riyadh, which easily defeated rival bids from Italian capital Rome and South Korea's Busan. Riyadh won 119 votes, Busan 29 and Rome 17, at the general assembly of organizers Bureau International des Expositions (BIE) in Paris, France. Pictured, BIE secretary-general Dimitri Kerkentzes and Saudi foreign minister Faisal bin Farhan Al Saud during the press announcement.
Hosting the Expo is of immense importance for the Arab country, whose bid was spearheaded by Saudi Crown Prince Mohammed bin Salman, known as MBS, as he seeks to secure the world's top events to showcase Saudi Arabia across the globe. The date of 2030 is hugely symbolic for MBS, coinciding with the key milestone in the Vision 2030 program to diversify Saudi Arabia economically and culturally.
The Riyadh Expo is set to take place from October 2030 to March 2031 on the theme“The Era of Change: Together for a Foresighted Tomorrow,” according to the Saudi bid.
These megaevents, seen as a“a machine to boost growth and strengthen influence,” contribute to forge a global“political image,” says sociologist Patrick Le Galès, research director at France's Sciences Po. Saudi Arabia is also set to host the 2034 football World Cup after emerging as the only bidder for the event.
Any reproduction of this content is prohibited.
Translated by Guilherme Miranda
©Geoffroy Van Der Hasselt/AFP
The post Saudi Arabia to host World Expo 2030 appeared first on Agência de Notícias Brasil-Árabe .
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(MENAFN- Bangladesh Monitor) Dhaka : Emirates has announced it will increase the frequency of flights between Dubai and Khartoum from five to seven a week starting 8 August 2017. The two additional flights will operate on a Tuesday and Sunday offering over 700 additional seats each way per week.
As with Emirates' current flights between the two cities, it will also operate a Boeing 777 on the additional services, offering customers a choice of cabins with 8 luxurious private suites in First Class, 42 lie-flat seats in Business Class and plenty of room to relax in Economy Class with 304 seats.
Customers travelling to and from Khartoum can access more than 2500 channels of visual and audio entertainment on the airline's award winning ice system, featuring the latest movies, music, audio books and games, as well as family friendly products and services for children, including complimentary toys, kids' meals and movies, priority boarding for families and the use of free strollers at Dubai International Airport.
In addition to the on-board comforts and products, customers will experience the world famous hospitality from Emirates' multinational cabin crew while enjoying chef prepared regional and international cuisine, as well as complimentary beverages.
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Citizens asked to participate in legislator's survey
I invite local citizens to participate in a survey I am conducting to gather input on everything from the state budget to gun laws. Visit www.house.mn/9a to access it.
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Telangana reports 1,531 new COVID-19 cases
As many as 1,531 new COVID-19 cases, 1,048 recoveries and six deaths were reported from Telangana in the last 24 hours, the state Health Department informed on Friday.
With this, the total number of cases in the state now stands at 2,37,187, with 18,456 active cases and 2,17,401 recoveries.
So far, a total of 1,330 lives have been claimed by the infectious virus in the state.
With 48,648 new cases of COVID-19 infections in the last 24 hours, India's total number of cases surged to 80,88,851, according to the Union Ministry of Health and Family Welfare on Friday.
Also Read: World COVID-19 caseload nears 45 million


(MENAFN- EIN Presswire)
Guy Roofing Partner Logo
SPARTANBURG, SOUTH CAROLINA, UNITED STATES, September 23, 2022 /EINPresswire.com / -- Guy Roofing today celebrated the announcement of their official partnership with the Charlotte Hornets, North Carolina and South Carolina's joint NBA team.
The Hornets, owned by NBA superstar Michael Jordan, was established in 1988 and plays their games at the Spectrum Center in Uptown Charlotte. With an all-star lineup including LaMelo Ball, Terry Rozier, and Gordon Hayward, this year is set to be a successful one.
Jeff Guy, Vice President of Guy Roofing, said at the company-wide announcement,“It's an extreme honor to be able to partner with an organization as successful and influential as the Charlotte Hornets. With a roster of extremely talented players, this season is sure to be one for the books and we are excited to be a part of it!”
The Hornets pre-season kicks off on October 2nd, with their first game versus the Boston Celtics. The regular season begins on October 19th, with the first home game falling on October 21st featuring the Hornets versus the New Orleans Pelicans, with a line-up starring Spartanburg native Zion Williamson.
For more information about Guy Roofing, visit GuyRoofing.com or call (800) 771-0778.
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Oil Climbs As OPEC Ponders Supply Cut
(MENAFN- Baystreet.ca) Oil Climbs as OPEC Ponders Supply Cut
Petroleum prices inched up on Wednesday extending 3% gains in the previous session ahead of a meeting of producers in the Organization of the Petroleum Exporting Countries and allies led by Russia, to discuss a big output cut in what energy executives and analysts see as a tightly supplied market.
Brent crude rose 11 cents to $91.91 U.S. a barrel early Wednesday morning after climbing $2.94 in the previous session.
OPEC+ ministers were to meet in Vienna later on Wednesday, to discuss output cuts as big as two million barrels per day (bpd).
That would be the group's biggest production cut since demand was smashed by COVID 19 in 2020.
The United States is pushing OPEC+ producers not to go ahead with deep cuts, a source familiar with the matter told Reuters, as President Joe Biden looks to prevent a rise in U.S. gasoline prices.
The real impact on supply from a lower output target would be limited as several OPEC+ countries are already pumping well below their existing quotas. In August, OPEC+ missed its production target by 3.58 million bpd.
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(MENAFN- Newsroom Panama)
A groundbreaking genetic study from the University of South Australia has shown a direct link between dementia and a lack of vitamin D.
The genetic study analyzed data from 294,514 participants in the UK Biobank, examining the impact of low vitamin D levels (25 nmol/L) on the risk of dementia and stroke.
Exploring the relationship between vitamin D, neuroimaging features, and the risk of dementia and stroke, the study, published in the American Journal of Clinical Nutrition, found that low vitamin D levels are associated with higher volumes and lower brain tumors and higher risk of dementia and stroke.
Genetic analyzes supported a causal effect of vitamin D deficiency and dementia; in some populations, up to 17% of dementia cases could be prevented, according to the study findings, by increasing vitamin D levels in all cases (50 nmol/L).
Dementia is a chronic or progressive syndrome that leads to impaired cognitive function. More than 55 million people worldwide have dementia and 10 million new cases are diagnosed each year.
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 24. The
Azerbaijan-Uzbekistan Investment Fund facilitates the growth of
mutual investments and trade turnover, trend reports citing the
Azerbaijani Ministry of Economy.
The matter was discussed during the visit of an Azerbaijani
delegation led by Minister of Economy Mikayil Jabbarov, to
During the visit, the minister met with Minister of Investments,
Industry and Trade of the Republic of Uzbekistan Laziz
Touching on the measures aimed to develop trade and economic
partnership, the sides noted that both Azerbaijan and Uzbekistan
were taking targeted steps for the implementation of the agreements
signed during a meeting of the Joint Intergovernmental Commission
on Cooperation in August 2021.
'The trade turnover between our countries increased
significantly in 2022. Along with this, great chances exist for
enhancing trade cooperation. The expansion of investment
partnership with Uzbekistan is also of utmost importance. In this
regard, the Intergovernmental Agreement on the establishment of the
Azerbaijan-Uzbekistan Investment Fund also plays a paramount role,
which will contribute to strengthening ties between the regions and
business circles of both countries. The issues reflected in the
document will contribute to the growth of mutual investment and
trade, as well as will reinforce economic cooperation,'
Azerbaijan's ministry said.
The officials emphasized the great potential for attracting
Uzbek companies to projects in trade, investment, industry,
activities in the Araz Valley Economic Zone Industrial Park, the
Aghdam Industrial Park, and the Alat Free Economic Zone, to the
digital economy partnerships, and other areas.
Minister Kudratov stressed Uzbekistan's interest in implementing
joint projects with Azerbaijan in various economic sectors, noted
targeted measures to expand economic ties, and the significance of
the signed documents, as well as shared his vision for the further
development of partnership.
In addition, the parties discussed the current activity of the
Joint Azerbaijani-Uzbekistan Intergovernmental Commission to expand
economic cooperation, and explored ways of increasing mutual
The trade turnover between Azerbaijan and Uzbekistan amounted to
$181.9 million in 2022. Azerbaijan's imports from Uzbekistan
totaled $132.3 million, while exports accounted for $49.5 million.
In January 2023, the trade turnover between the two countries
exceeded $11 million.
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(MENAFN- Newsfile Corp) New York, New York--(Newsfile Corp. - April 2, 2024) - CN Energy Group Inc. (NASDAQ: CNEY) ("the Company"), is excited to announce its CEO, Steven Berman, recently sat down for an interview with SmallCaps Daily. During the interview, Berman highlighted the Company's innovative technologies in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues. He emphasized the broad applications of these products across various industries, including food and beverage production, industrial manufacturing, pharmaceuticals, and environmental protection. He further highlighted CN Energy Group's commitment to sustainability and profitability, offering investors a compelling opportunity in the evolving landscape of clean energy and waste management.
To read the full interview visit: .
About CN Energy Group Inc:
With patented proprietary bioengineering and physiochemical technologies, the Company has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into a valuable product and delivering significant financial, economic, environmental, and ecological benefits. The Company's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises.
For more information, please visit the Company's website at .
To view the source version of this press release, please visit
SOURCE: SCD Media, LLC
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(MENAFN- Jordan Times) AMMAN — Only two cars have been cleared in three months in the Zarqa Free Zone (ZFZ), traders complained on Saturday, blaming the "zero" activity to government's decisions.
"Nobody is buying… nobody is selling… all hoping the government would renew tax exemption on hybrid cars," investor at ZFZ said.
Hybrid car buyers used to pay a reduced special sales tax of 25 per cent of the price instead of 55 per cent for regular fuel cars.
The government decided to cancel the exemptions in 2012, but the decision has been always postponed since then. This year, the government cancelled the exemptions and added another tax, calculated on the basis of the car's weight, on all cars ranging between JD500 to JD1,500.
"The only two cars cleared were for a trader who bought them for himself and his wife," the investor, who preferred to remain unnamed, told The Jordan Times.
He also said that a 'leading' car importer at ZFZ has resigned from the syndicate representing the zone's businesses during a meeting with government officials in protest against the decision to cancel tax exemption on hybrid vehicles.
"The speculations over authorities' intention to, or not to, reverse the decision is also affecting our business as customers are afraid of losses if they buy hybrid cars at the present prices then the prices go down."
In recent remarks to The Jordan Times, Jordan Free Zone Investor Commission President Nabeel Rumman said that new tax hikes, which took effect February 1, raised the prices of hybrid cars between JD4,000 and JD8,000, depending on the model, make and engine size of the car.
The sector leader said the move is 'not feasible' for the government, stakeholders or residents as the tax is 'too high', added Rumman.
Rumman called on the government to extend the tax exemption, as it would have positive impact on the national economy with direct revenues to the Treasury.
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Sheriff's office warns of Verizon phone scam
Cass County Sheriff Tom Burch reports that the Cass County Sheriff’s Office has received several reports of a
Verizon Cellular phone scam in the past week. This recorded call says it’s from Verizon and that it wants you to go
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Pete's Point: Trap shooting gaining popularity with high schools
The growth in the participation numbers for high school trap shooting in Minnesota has been admirable over the past four years.
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(MENAFN- Newsfile Corp) Credo Resources Inc. Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - September 15, 2021) - Credo Resources Inc. (the "Company" ) announces completion of a private placement.
The Company issued 11,000,000 common shares for $220,000 ($0.02 per share) to Mr. Robert Salna. All securities issued in connection with the private placement are subject to a hold period of four months from the date of issuance in accordance with applicable securities legislation. The issued and outstanding shares of the company after the issuance of shares are 11,688,753 common shares.
Prior to this transaction, Mr. Salna held 74,200 common shares of the Company beneficially through Fulton Park Ltd. Mr. Salna is the beneficial owner of his respective shares, and exercises control over a total of 11,074,200 common shares, representing approximately 95% of the outstanding common shares of the Company. Mr. Salna holds these shares for investment purposes only.
For more information, please contact:
NOT FOR DISTRIBUTION IN THE UNITED STATES
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