(MENAFN- Khaleej Times) The energy transition is expected to create 40 million additional jobs in the energy sector by 2050, with 18 million more jobs globally in renewables alone, according to a new report released by the International Renewable Energy Agency (Irena) ahead of the UN Climate Conference COP28 in Dubai.
It said the world could witness an average annual increase in GDP of 1.5 per cent by 2050 under the 1.5°C pathway compliant with the Paris Agreement.
“I echo the COP28 Presidency's call for a global renewable energy target as a practical step to implement the Paris Agreement. But policymakers have predominantly concentrated on the technological facets of the energy transition, often overlooking its socio-economic implications,” said Francesco La Camera, director-general of Irena.
Concerns are increasing around the world around the rising greenhouse gas emissions, causing massive changes in temperatures across the globe. Therefore, the global economy is increasingly transitioning away from fossil fuel to green energy solution to keep temperature rises within 1.5°C limit increase.
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He added that the energy transition holds great promise for boosting the global economy, but the world must address persistent inequality.
“Bridging gaps in climate policy ambition and fostering essential structural changes places unprecedented demands on policymakers. We must facilitate positive transition outcomes while ensuring that these opportunities are equitably distributed across regions and countries,” he said ahead of the COP28, the world's largest gathering of global leaders, environmentalists and policymakers.
Although the renewable sector employment is expected to triple by 2050 overall, jobs are unevenly distributed across regions. Asia is expected to hold 55 per cent of global renewable jobs by 2050, followed by Europe at 14 per cent and the Americas at 13 per cent. Only 9 per cent of the jobs would be in Sub-Saharan Africa, it said.
“While Africa's per capita GDP is set to double, the continent's resource-rich countries will likely see faster growth, exacerbating regional inequalities. Yet, emerging economies like India and China are poised for significant growth, potentially reshaping the global economic landscape,” it said.
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(MENAFN- Khaleej Times)
Published: Thu 26 Jan 2023, 5:42 PM
Last updated: Thu 26 Jan 2023, 5:43 PM
New councils have been established in the country with the aim of involving education professionals in the development of the knowledge sector.
Sarah bint Yousif Al Amiri, Minister of State for Public Education and Advanced Technology and chairperson of the Emirates Schools Establishment (ESE), announced the formation of Taaleem Councils - an initiative launched last October following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Al Amiri recently chaired the first meeting of the councils, which currently consist of 35 members including principals and teachers.
It includes three councils: School Leadership Council consisting of 14 members, Teachers Council with 14 and the Young Teachers Council with 7 members. Twitter
The councils aim to involve education professionals in setting programmes to increase academic outcomes and support key decisions within the organization.
In addition, these councils will help find and work on effective and innovative solutions to challenges in the academic field.
Al Amiri said:“This initiative is based on the importance of involving them in developing innovative educational plans and policies to ensure their effective participation in the efforts to develop the country's national public education system and improve its competitiveness at the global level.'
“Expected outputs have been identified for each education council to serve the development paths of the education profession in the UAE, and reflect positively on the educational environment in public schools, stressing the need to work in a team spirit and make every effort to improve the development of the education system and its advancement,” she said.
The minister pointed out that the teachers represent the main pillar of the education system, and their efforts in the field represent the basis through which we can achieve the country's aspirations in the education sector.
“The educational field is replete with bright educational models with unique experiences and visions in the academic field. Taaleem Councils come to frame the efforts of these models and ensure the benefit of their expertise to serve the priorities of the education system and provide it with all the elements of its leadership and development,” she said.
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Brussels, July 16 (IANS) The European Commission has adopted a proposal for a seventh package of measures that will ban the importation of Russian gold.
The proposal adopted on Friday is part of a new set of measures that are intended to improve the implementation and effectiveness of the EU's six earlier packages of sanctions against Russia.
In a statement, the Commission said the proposal will be discussed by the member states in the EU Council next week before it is adopted, Xinhua news agency reported.
The proposal was issued jointly by the Commission and the High Representative for Foreign Affairs.
Dabbed the 'maintenance and alignment' package, it clarifies earlier provisions to strengthen legal certainty for operators and enforcement by the member states. Among others, it proposes to tighten dual-use and advanced technology export controls.
It also aims to further align the EU's sanctions with those of its allies and partners, especially the G7 countries.
'...We are proposing today to tighten our hard-hitting EU sanctions against the Kremlin, enforce them more effectively and extend them until January 2023. Moscow must continue to pay a high price for its aggression,' said European Commission President Ursula von der Leyen in a statement.
The EU's high representative for foreign affairs and security policy, Josep Borrell, added: 'The EU's sanctions are tough and hard-hitting. We continue to target those close to Putin and the Kremlin.'
He said he will also propose to expand the EU's list of sanctioned individuals and entities, who are subject to assets freezes and their ability to travel is curtailed.
The Commission stressed that EU sanctions do not target in any way the trade in agricultural products between third countries and Russia.
The next review of EU sanctions is scheduled at the end of January 2023.
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(MENAFN – AzerNews) According to trend
The deadline for suspending inspections in the field of entrepreneurship in Azerbaijan has been extended for another year.
This problem is reflected in the proposed amendment to the Law “On Suspension of Inspections in the Field of Entrepreneurship” discussed in trend reports at a session of the Azerbaijani Parliament on February 12th.
The amendment proposes to extend the period of suspension of inspections carried out in the field of entrepreneurship from January 1, 2021 to January 1, 2022.
After discussion, the amendment was put to the vote and adopted at first reading.
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(MENAFN- Khaleej Times) Published: Wed 7 Jun 2023, 11:36 AM
Ras Al Khaimah's transport authority Rakta has launched a new system by which taxis can be booked by scanning QR codes, that are placed around the emirate.
This is in line with the authority's vision of "pioneering in regulating the transportation sector and ensuring the provision of safe, reliable and smart transportation services.” The QR code booking system has been launched to provide new smart and innovative channels to request taxi services, and works based on the customer's location.
Mohamed Hashem Esmaeel, Director of Control and Operation Department, confirmed that this service is unique, detailing the process.
The customer scans the QR code on the mobile phone and then enters personal data. The system then automatically determines the location of the customer and sends requests to taxis available in the nearby areas. The taxis are equipped with smart meters which receive the request. The driver can then respond to it from the taxi.
The pre-order service was initially offered in hospitals and health centres throughout the emirate, and is currently being expanded to meet the needs of customers and improve the quality of life in the emirate.
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(MENAFN- IANS) Patna, Dec 4 (IANS) A pregnant woman was killed by her husband in Bihar's Vaishali district on Monday morning, police said.
The victim was identified as Julie Kumari, who was married to Muzaffarpur wood trader Raj Kumar Shah in May this year.
She, along with her husband came to her native village Mahiya Maalpur village under Patepur police station in the district on November 21 and had been staying here since then.
On Monday, the couple did not emerge from their room in the morning.
Her family members suspected foul play and they knocked on the door of the bedroom.
After some time, Shah came out and straight away escaped from the house.
"When we entered the room, Julie was lying on the floor in a semi-naked stage with strangulation marks on her neck. We immediately came out from the house in a bid to nab Shah but he disappeared from the village. We have immediately informed Patepur police about the incident," said Uttam Kumar, the brother of the deceased.
"Shah was demanding for a car ever since marriage happened in May this year. He was applying pressure on Julie and she revealed everything to us," he added.
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Alexandria students learn about entrepreneurship
Fifth grade students in School District 206 will be able to participate in a unique Junior Achievement program to learn about entrepreneurship.
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(MENAFN- UkrinForm) The Russian army continued to shell Beryslav district, Kherson region.
Volodymyr Litvinov, the district military administration head, wrote this on Telegram, Ukrinform reports.
'The Russian army does not stop striking populated areas of Beryslav district. Throughout the day, Beryslav, Novooleksandrivka, Mylove, Novoraisk, and Tiahynka territorial communities came under enemy fire from the occupiers. Among them are the city of Beryslav, the villages of Novoberyslav, Zmiivka, Tomaryne, Novooleksandrivka, Mykhailivka, Zolota Balka, Havrylivka, Dudchany, Respublikanets, Kachkarivka, Chervonyi Mayak, Tiahynka, Mykolaivka, Olhivka, and Odradokamianka,” the report says.
As a result of enemy shelling, residential buildings and farm buildings were damaged.
'Unfortunately, near the village of Kalynivske, one person was injured after an unknown object exploded,' the report says.
As reported by Ukrinform, a humanitarian convoy arrived in Beryslav community. These are essentials provided by the International Organization for Migration. Four trucks carried 40 tonnes of aid, namely, hygiene kits, blankets, mattresses, towels, flashlights, thermoses, as well as special kits for people with limited mobility, and medicines
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(MENAFN- UkrinForm) The units of the Armed Forces of Ukraine completed the military operation to cleanse Zmiinyi (Snake) Island of the equipment and weapons of the Russian invaders who had fled to the temporarily occupied Crimea.
'In Odesa city and the region, today is the day of mourning for those killed in the enemy's terrorist missile strike. But the enemy continues to attack the region with cruise missiles: late in the evening, a Ukrainian air defense unit destroyed a Kh-31 missile launched by an enemy aircraft from the Black Sea. The air raid sirens sounded again,' Serhii Bratchuk, the Spokesperson of the Odesa Regional Military Administration, posted on Telegram . Read also:
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According to him, the units of the Armed Forces of Ukraine completed the military operation to cleanse Zmiinyi (Snake) Island of the equipment and weapons of the Russian invaders who had fled to the temporarily occupied Crimea. Read also:
Death toll in Russia's missile attack on Odesa Region rises to 21
In particular, the Ukrainian troops destroyed Russian Grad MLRS, Pantsir-S1 anti-aircraft gun and missile system, three armored and motor vehicles, a fuel tank, and a hideout of other equipment.
As Bratchuk added, two enemy missile ships with a dozen cruise missiles on board, as well as three large landing ships are currently on alert in the northwestern part of the Black Sea.
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US Summons China Envoy To Protest Reaction To Pelosi Visit To Taiwan
(MENAFN- Kuwait News Agency (KUNA)) WASHINGTON, Aug 5 (KUNA) -- The White House has summoned China's ambassador to condemn Beijing's escalating actions and threats against Taiwan after US House Speaker Nancy Pelosi visit to the island.
'After China's actions overnight, we summoned [People's Republic of China] Ambassador Qin Gang to the White House to dأ©marche him about the PRC's provocative actions,' National Security Council Spokesman John Kirby said in a statement provided to The Washington Post on Friday.
He noted that the White House had also informed Ambassador Qin that the United States does not want a crisis in the region.
'We condemned the PRC's military actions, which are irresponsible and at odds with our long-standing goal of maintaining peace and stability across the Taiwan Strait,' he stated.
A dأ©marche is a protest lodged through diplomatic channels.
The summoning of the ambassador to deliver a formal rebuke was the latest episode in a widening diplomatic crisis as President Biden seeks to manage volatile confrontations between the United States and two other world powers.
Even as tensions brew between the United States and China over Pelosi's trip, Biden is striving to keep Beijing from aiding Russia in its military operation in Ukraine. (end)
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(MENAFN- Khaama Press)
The India-based jewelry company broke a Guinness World Records title for the most diamonds set in one ring with a whopping 24,679 diamonds.
The spectacular ring was designed to mimic a pink oyster mushroom,
according to a Guinness World Records news release.
“The mushroom represents immortality and longevity,” Abdul Gafur Anadiyan,
SWA Diamonds' managing director, said in the release.
The intricate structure of the ring was created by pouring liquid gold into a plastic mold to form 41 unique mushroom petals. Then, each petal was adorned by hand with natural diamonds.
The glitzy ring weighs in at 340 grams - or three-quarters of a pound - and is valued at $95,243, according to the release. A team of independent gemologists verified the ring, and the world record was awarded May 5.
SWA Diamonds' mushroom-inspired creation has almost double the number of diamonds as the previous record-holder.
achieved the title in 2020 with a floral design bejeweled with 12,638 diamonds
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(MENAFN- Mid-East.Info) Union Properties PJSC, Dubai’s iconic real estate developer listed in Dubai Financial Market and the owner of a group of diversified activity subsidiaries, announces that it has recently completed signing a memorandum of understanding under which it will completely exit from the ownership of a shopping center under construction in Motor City. The memorandum of understanding is valued at AED 420 million and was signed with one of the leading real estate developers in Dubai.
Commenting on this milestone H.E. Khalifa Al Hammadi, Chairman of the board of directors of Union Properties PJSC, said“We have recently studied the needs of the real estate market in Dubai, accordingly, and to achieve the strategy and vision of the board of directors, it was necessary to diversify the real estate portfolio owned by the company in line with the supply and demand in the real estate market, as Union Properties holds a decent amount commercial spaces, whether in Motor City or in our Uptown Mirdiff project; Accordingly, the board decided that it is for the best to exit the shopping center under construction when a suitable offer was obtained.
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(MENAFN) Algerian President Abdelmadjid Tebboune expressed his regret that relations with neighboring Morocco have reached a point of "no return." In an interview with Al Jazeera, Tebboune stated that Algeria's position was a reaction to Morocco's "hostile tendencies," an accusation denied by Moroccan authorities. In August 2021, Algeria severed diplomatic relations with Morocco, leading to tensions between the two countries.
The issue of Western Sahara has been a contentious issue between Morocco and Algeria for years, with Algeria supporting independence for the territory while Morocco claims sovereignty over it. The recent recall of ambassadors between Algeria and Spain was also related to the Western Sahara conflict, with Algeria accusing Spain of supporting Morocco's self-rule proposal.
Tebboune also discussed Algeria's role in the Ukrainian crisis, stating that his country is qualified to play the role of mediator due to its credibility. He confirmed that his visit to Russia is still ongoing and will take place in May at the invitation of Russian President Vladimir Putin.
Regarding the diplomatic crisis with France, Tebboune stated that relations with Paris are "fluctuating" but confirmed that the Algerian ambassador will return to France within days after being summoned for consultations weeks ago.
The tensions between Algeria and its neighboring countries highlight the complex geopolitical landscape in the region and the challenges of managing competing interests and alliances. As a country with a history of mediation in regional conflicts, Algeria's potential role in the Ukrainian crisis may be significant. However, its strained relations with neighboring countries, including Morocco and Spain, may limit its ability to act as a mediator. The situation underscores the need for continued efforts to promote dialogue and cooperation to address regional challenges and maintain stability in the region.
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(MENAFN- Khaleej Times) The European Union's executive arm said on Monday it is blocking leading US online travel agency Booking from acquiring Sweden's flight booking provider Etraveli Group because it would have allowed it to increase its dominant position on the market on the continent.
The European Commission said it had warned Booking Holdings about its concerns but that the remedies offered by the company were not sufficient. Booking's brands include Booking.com, Rentalcars, Priceline and Agoda.
Booking Holdings said it plans to appeal, adding that the fusion would have“delivered tremendous benefits for consumers and partners by bringing more options and competitive pricing".
“The company strongly believes the commission is wrong on both the facts of the case and the law applicable to this transaction, which was cleared unconditionally by multiple competition authorities,” it said.“Booking Holdings regrets very much the lack of convergence of the European Commission with other major international enforcers on this pro-competitive transaction.”
Following its investigation, the Commission had opposite views. It believes the proposed 1.63-billion-euro ($1.8 billion) deal would have led to higher costs for hotels, and possibly, a negative impact on the price paid by consumers.
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“Bans are rare, and today's decision is in fact the first merger to be blocked this year,” EU Justice Commissioner Didier Reynders said.
According to the European Commission, online travel agencies (OTA) handle transactions worth more than 100 billion euros ($106 billion) per year.
Mathias Hedlund, the chief executive officer of Etraveli Group, was disappointed by the commission's move.
"For Etraveli Group to come together with Bookingbeyond the existing commercial partnership would have further benefited European consumers by reducing prices and enhancing competition in the flight sector while undoubtedly having negligible effects in the hotel OTA sector,” he said.
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(MENAFN- Newsroom Panama)
No seat at the table for transparency coalition.
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The pro-transparency Coalition, made up of nine movements and NGOs, asked the Dialogue for Panama table which restarted on Wednesday afternoon in Penonomé, to give priority to transparency and anti-corruption issue
In a statement, the coalition highlights that while the daily protests that took place across the country several weeks ago, as well as the widespread street closures, evidenced deep social unrest and a serious governance crisis, corruption, and embezzlement of public resources must also be addressed promptly.
“The systemic problem of corruption, lack of transparency in public management, the irresponsible use of public resources and with institutions completely at the mercy of patronage structures, in the face of a judicial system where acts of corruption go unpunished and that have shown the profound inequality structural that Panama has been dragging for decades, are much deeper and structural causes that have resulted in the deterioration of an institutional framework that is no longer capable of solving the great problems of injustice, inequality, and exclusion”, it points out.
The organizations proposed immediate and short-term actions that should be discussed at the table. They propose, for example, the containment of spending and public debt, ending the state of emergency, and strengthening control institutions.
Among the short-term measures to combat corruption, they propose the sanctioning of a conflict of interest law, the protection of whistleblowers, review of penalties for crimes of corruption, reform of Internal Regulations of the National Assembly, regulating lobbying, and approving the forfeiture of illicit assets.
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(MENAFN - Muscat Daily) Fatma al Nabhani and Sarah al Balushi had to dig in deep into their experience to stave off a spirited challenge from Malaysian duo of Theiviya Selvarajoo and Jawairiah Noordin in a marathon doubles decider to give Oman a winning start in the 2018 Fed Cup Asia/Oceania Group II at Isa Town in Bahrain on Tuesday.
The Omani pair won 6-4, 6-7, 7-5 in a match that lasted for two hours and 41 minutes to seal the Pool C tie 2-1.
Earlier, Malaysia went up 1-0 in the first rubber when Theiviya raced past Sarah 6-1, 6-2 in just 58 minutes but Oman's No 1 player, Fatma drew parity with her 6-2, 7-5 win over Suhana Sofia.
Oman is placed along with Iran and Pacific Oceania in the Pool C in the tournament that features a total of 14 countries.
In another Pool C match, Pacific Oceania outplayed Iran 3-0.
Oman now takes on Pacific Oceania on Wednesday before completing its pool engagement against Iran on Thursday.
The winners of each pool will play-off against one another to determine which two nations will advance to Asia/Oceania Zone Group I in 2019.
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(MENAFN- Khaama Press)
Netflix has launched three new games on its platform for Android.
The addition of Wonderputt Forever, Knittens, and Dominoes Cafe now takes the number of total games to 10.
Previously, the video streaming platform offered Stranger Things: 1984, Stranger Things 3: The Game, Shooting Hoops, Card Blast, Teeter Up, Asphalt Xtreme, and Bowling Ballers.
Just like the previous games, the new ones will also be available to download and play at no additional cost for Netflix subscribers. Netflix may release these new games on iOS soon.
The new games Wonderputt Forever, Knittens, and Dominoes Cafe can be downloaded via the Play Store. You can also find Bowling Ballers and Asphalt Xtreme games that were reportedly added:“less than two weeks ago”.
As mentioned, the Netflix games are free to download and play the games. Netflix is not charging any additional fees for offering mobile games on its platform.
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games on its platform last month for Android, and for iOS a
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Tokyo, Sep 18 (IANS) Japan's southwestern region of Kyushu on Sunday braced for the possibility of a large and powerful typhoon landing, with the weather agency warning of unprecedented winds and waves.
'The southern part of the Kyushu region may see the sort of violent wind, high waves and high tides that have never been experienced before,' the Japan Meteorological Agency (JMA) said Sunday, urging residents to exercise 'the highest caution possible.'
A level 5 alert, the highest on Japan's disaster warning scale, was issued to more than 110,000 people in about 55,000 households in Kagoshima and Miyazaki Prefectures, with level 4 evacuation orders in place in cities such as Kagoshima, Miyazaki and Amakusa, Xinhua news agency reported quoting public broadcaster NHK reported on Sunday.
According to the JMA, the eye of Typhoon Nanmadol is south of Kyushu as of Sunday morning. It is slowly making its way in a north-northwesterly direction over the sea 30 km southeast of Yakushima island and packing gusts up to 252 km per hour.
Nanmadol, the 14th of the year, is forecast to make landfall in Kyushu on Sunday evening, before curving northeast and traveling across Japan's largest island, Honshu, through early Wednesday.
The weather agency issued a special typhoon warning for Kagoshima Prefecture on Saturday night, an alert that is issued only when it forecasts dangerous conditions seen once in several decades, marking the first time the agency has issued a such warning for an area apart from Okinawa Prefecture.
Weather officials also warned that rain and winds could intensify even in areas far from the typhoon. Heavy precipitation is expected in western and some parts of eastern Japan through Monday.
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(MENAFN– UkrinForm) The U.S. Federal Bureau of Investigation has made a pre-emptive move to hinder a Russian operation for creating another botnet.
That’s according to the Center for Countering Disinformation at the National Security and Defense Council of Ukraine, Ukrinform reports.
The U.S. Federal Bureau of Investigation has wrested control of thousands of routers and firewall appliances from Russian military hackers by hijacking the same infrastructure Moscow’s spies were using to communicate with the devices, according to Reuters .
Read also: Another cyberattack ongoing on Ukraine government networks
The unusual operation was a pre-emptive move to stop Russian hackers from mobilizing the compromised devices into a“botnet” – a network of hacked computers that can bombard other servers with rogue traffic.
Meanwhile, the BanderaHackers group attacked five state-owned Belarusian procurement and export platforms, gaining access to confidential information and defacing their websites with anti-war appeals.
Anonymous earlier hacked the all-Russian state television and radio broadcaster, which operates Rossiya 1 TV, and attacked the server of a Lipetsk-based producer of components for anti-aircraft missile systems.
As Ukrinform reported, in early April, the Anonymous said it had published personal data of 120,000 Russian military servicemen deployed in Ukraine.
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(MENAFN- Gulf Times) Qatar reiterated that the situation in the developing countries calls for broadening trade and investment activities, improving access to grants and loans along with putting in place mechanisms to implement the promised projects, and liberalising trade in a fair manner, in accordance with what had been discussed in the Doha Round in 2001.
In a statement delivered by Sultan Ali al-Khayareen, a member of Qatar's delegation participating in the 70th session of the UN General Assembly, before a 'Follow-up to and implementation of the outcomes of the International Conferences on Financing for Development [item 19]' meeting, Qatar said the financing for development commitments constitute an important platform to continue participation and make further progress in achieving sustainable and inclusive development and respecting all human rights, including the right to development.
"This is the spirit of the Monterrey Consensus and the Doha Declaration, which were also boosted by the Addis Ababa action plan."
To eradicate poverty and hunger, achieve sustainable development in its three dimensions and protect the environment, there is a need for more efforts in the form of partnership and solidarity at the global level to overcome the obstacles and challenges related to financing and creating an enabling environment for sustainable development, al-Kayareen said.
The lack of stability in the global financial markets coupled with the turmoil in the economies of developing and developed countries due to the financial and economic crisis threaten the achievements in the field of financing for development, said al-Khayareen, adding that developing countries continue to suffer from decline in the financial, investment and trade flows along with decreasing flows of official development assistance.
The statement stressed the importance of growing and predictable official development assistance and debt relief, while stressing the need to fulfil all the commitments of official development assistance, pointing out that the Addis Ababa action plan represents an important milestone in endeavors to support and strengthen the global partnership for development, and is considered a solid foundation to boost the implementation of the post-2015 development plan.
The successful implementation of this ambitious plan depends on the mobilization and the availability of resources at both national and international levels as well as the effective use of these resources and successful partnerships between multi-stakeholder in the public and private sectors in order to achieve sustainable development goals, he said.
"We are deeply concerned about what was highlighted in the report of the Secretary-General which said that more than 2.4bn people continue to suffer from lack of access to clean water and sanitation services, and that 57mn children in the world remain out of school, and that more than half the world's population lacks coverage of social security systems."
He stressed the importance of a good investment in the provision of basic public services for all, including education, energy, water and sanitation.
Al-Khayareen also outlined the importance of establishing a mechanism to enable developing countries to build, transfer and implement appropriate and environmentally sound technologies in information and communication technology fields in order to achieve sustainable development, noting the pivotal role of trade as a strong enabling tool for growth and development along with the establishment of a multilateral, open, non-discriminatory and equitable trading system as an integral part of this environment.
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More Recent Highs Achieved by TSX
Sylogist, ATS in Focus
Canada's main stock index hit over five-month highs on Thursday, supported by rising copper and gold prices as well as optimism that the U.S. Federal Reserve would soften its monetary tightening trajectory.
The TSX Composite gained 76.45 points to begin trading on Thursday at 20,358.71.
The Canadian dollar nosed up 0.06 cents to 75.02 cents U.S.
Techs were proving to be the big man on the block, with Sylogist Ltd. piling on 18 cents, or 3.7%, to $4.99, while Payfare advanced 14 cents, or 3.4%, to $4.32.
Industrials were close behind, with ATS Automation up $1.67, or 4%, to $43.69, while Finning International soared 38 cents, or 1.2%, to $32.49.
On the economic calendar, Statistics Canada says the number of employees receiving pay or benefits from their employer—referred to as 'payroll employees' in the Survey of Employment, Payrolls and Hours—rose by 85,300 (+0.5%) in September.
Oil prices sank 22 cents to $77.72 U.S. a barrel.
Gold prices soared $12.10 to $1,757.70 U.S. an ounce.
The TSX Venture Exchange grabbed 2.49 points to begin Thursday at to 579.24.
U.S. markets are closed for Thanksgiving Day
Happy Thanksgiving, Uncle Sam!
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(MENAFN- Saudi Press Agency)
Oslo, Rabi'I 5, 1439, Nov 23, 2017, SPA -- Dr. Abdullah bin Abdulaziz Al-Rabiah, Advisor at the Royal Court, General Supervisor of King Salman Center for Relief and Humanitarian Aid (KSRelief), met here with the Deputy Foreign Minister of Norway.
During the meeting, they reviewed the situation in Yemen in addition to the Kingdom's efforts through the KSRelief in Yemen.
Al-Rabiah affirmed that all sea, air and land ports are open for the organizations in order to deliver all assistance, pointing out that Jazan seaport are available for all United Nations (UN) organizations to deliver assistance inside Yemen.
The KSRelief General Supervisor highlighted the Kingdom's great humanitarian efforts and the precautionary measures to protect civilians in the Coalition's role in protecting and facilitating delivery of aid to all Yemeni regions.
For his part, the Deputy Foreign Minister of Norway confirmed its country's official stance condemning a ballistic missile targeting the Kingdom, expressing Norway's worry regarding the humanitarian situation in Yemen and keenness of access of assistance. He stressed the importance of peaceful solution in Yemen, affirming its country's support of UN envoy to Yemen Ismail Ould Cheikh.
Dr. Al-Rabiah expressed the Kingdom's appreciation of Norway's role in supporting legitimacy in Yemen and condemning the ballistic missile attack targeted the Kingdom.
20:11 LOCAL TIME 17:11 GMT
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(MENAFN- Jordan News Agency) Amman, Oct. 18 (Petra) -- The World Health Organization (WHO) and the State of Qatar on Monday launched a new multiyear collaboration to make the 2022 FIFA World Cup, being held in Qatar, a beacon for physical and mental health promotion, and also a model for ensuring future mega sport events are healthy and safe.
The three-year joint project, titled "Healthy 2022 World Cup - Creating Legacy for Sport and Health," was announced at a joint ceremony at WHO's headquarters, in Geneva, by WHO Director-General, Tedros Adhanom Ghrebreyesus; Qatar Minister of Public Health; Hanan Mohamed Al Kuwari, Secretary General of the Qatari Supreme Committee for Delivery and Legacy; Hassan Al Thawadi, FIFA President Gianni Infantino and WHO Regional Director for the Eastern Mediterranean, Ahmed Al-Mandhari.
WHO and Qatar, working closely with FIFA, will undertake joint activities to place the promotion of healthy lives, health security and physical and mental well-being at the heart of the world football's pinnacle event, being held from 21 November-18 December next year.
In addition, another critical goal of the project is to set and translate the best practices in health promotion, security and safety, as practiced at the 2022 FIFA World Cup, for use at major sporting events around the world.
"I would like to thank Minister Al Kuwari and the State of Qatar for teaming up with WHO to make the 2022 FIFA World Cup a role model for healthy sporting events," said Tedros. "WHO is committed to working with Qatar and FIFA to leverage the global power of football to help people lead the healthiest and safest lives possible."
Tedros added: "As the Qatar tournament will be the first FIFA World Cup held during the pandemic, the event offers a unique opportunity to show how sport can promote health now and provide a lasting legacy for organizing healthy sporting events as the world recovers from the pandemic."
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(MENAFN- GlobeNewsWire - Nasdaq)
Seoul, Korea, Nov. 15, 2022 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or“Company”), a developer and publisher of online and mobile games, today announced that Gravity Interactive, the Gravity's subsidiary located in United States, has officially launched Ragnarok Begins in North America on November 15, 2022.
Ragnarok Begins is the very first side-scrolling Ragnarok IP MMORPG game. The game can be played on PC and mobile, and the game contains exclusive game modes and impact. The overall graphics are based on Ragnarok IP's unique design feature, and the in-game regional factors and main features were designed to be fitted to the side-scroll playing settings. Ragnarok Begins provides players with not only side-scrolling and non-targeting battle modes but also a variety of content including card systems and housings for players to strengthen their characters.
Ragnarok Begins CBT was held from October 14 to October 20 in North America and was successfully opened for pre-registration of the launching of Ragnarok Begins.
[Ragnarok Begins_Webpage] )
About GRAVITY Co., Ltd. ---------------------------------------------------
Gravity is a developer and publisher of online and mobile games. Gravity's principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 markets and regions. For more information about Gravity, please visit .
Mr. Heung Gon Kim
Chief Financial Officer
Gravity Co., Ltd.
Ms. Somin Kim
Ms. Jeesun Lim
Gravity Co., Ltd.
Tags game launching ragnarok begins gravity
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Governor touts health care plan in Hudson
Gov. Jim Doyle visited Hudson Wednesday afternoon to promote his initiative to improve access to affordable health insurance for businesses and individuals.
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(MENAFN- UkrinForm) UK Defense Secretary Ben Wallace has said that Challenger 2 tanks are expected to arrive in Ukraine before summer.
Ukrinform reports this with reference to sky news .
Asked in parliament when Challenger 2 tanks will arrive in Ukraine, Wallace said:“It'll be this side of the summer, or May - it'll be probably towards Easter time”.
According to him, security reasons prevented him from setting out the timetable of training for Ukrainian forces on using the tanks. Read also: norway to send leopard tanks to ukraine as soon as possible – defense minister
But he added that it would begin with teaching them how to operate the vehicles individually before progressing to how to fight in formation.
As reported by Ukrinform, the British government approved a decision to provide Ukraine with a tank company of Challenger 2 main battle tanks – four immediately and eight a little later.
On Sunday, the Ukrainian military arrived in Great Britain for training on Challenger 2 tanks.
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(MENAFN) According to S&P Global Ratings on Monday, the Federal Reserve’s monetary tightening, rising unemployment risks and fears of recession have led to a reduction in the growth forecast for the US economy for 2023 from 2% to 1, 6%.
In a report, the international rating agency said “the Fed will maintain tight monetary policy until inflation decelerates and moves closer to its target in the second quarter of 2024.”
The organization predicted that by the middle of next year, the federal funds rate would be between 3.5% and 3.75%. He also issued a stern warning about the possibility of an international recession, adding that “the chances of a contraction are increasing”.
He also mentioned that “we assess the risk of recession at 40%, reflecting a larger rise in prices with even more aggressive Fed policy as we approach 2023” as well as “as inflation expectations become more entrenched, extreme price pressures will likely last well into 2023.”
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 5. Despite the fact
that the validity of Azerbaijani citizens' ID cards has expired,
they are nevertheless used to prove their identification, Deputy
Chairman of the Central Election Commission (CEC) of Azerbaijan
Rovzat Gasimov said at a meeting of the CEC, Trend reports.
Gasimov noted that even if the ID card has expired, a citizen
can come with this card and vote in the extraordinary presidential
election on February 7.
"New generation ID cards have been issued since 2018 and are
valid for 10 years. With the new generation of ID cards, there can
be no such problems. The problem with expiration may be related to
the old ID cards. However, these people will also be able to vote,"
On December 7, 2023, President of the Republic of Azerbaijan
Ilham Aliyev signed a decree calling for an extraordinary
presidential election in the country on February 7, 2024.
On December 19, the CEC of Azerbaijan approved the candidacy of
Ilham Aliyev, nominated by the ruling New Azerbaijan Party (YAP),
for participation in the extraordinary presidential election.
Azerbaijan has registered seven candidates to run in the
extraordinary presidential election.
Stay up-to-date with more news at Trend News
Agency's WhatsApp channel
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(MENAFN- Kuwait News Agency (KUNA))
WASHINGTON, Sept 14 (KUNA) -- Apple unveiled Tuesday its new products that will be available starting from later this month.
The company introduced iPhone 13 Pro and iPhone 13 Pro Max, which include "5G with more bands for better coverage, big improvements to battery life for the best battery life ever on iPhone with iPhone 13 Pro Max, new storage capacity of 1TB, and the Ceramic Shield front cover, tougher than any smartphone glass".
The iPhone 13 Pro and iPhone 13 Pro Max will be available in "four stunning finishes,"as pre-orders begin September 17, with availability beginning September 24.
Apple also introduced iPhone 13 and iPhone 13 mini, featuring "sleek flat edges" in five new colors, with pre-orders beginning September 17 and availability beginning September 24.
A powerful new iPad mini was also introduced today that will be in stores beginning September 24, in addition to the new iPad (9th generation), "featuring the powerful A13 Bionic chip that packs even more performance and capability into the most popular iPad, all while retaining its all-day battery life," also available in stores beginning September 24.
Finally, Apple also announced Apple Watch Series 7, featuring "a reengineered Always-On Retina display with significantly more screen area and thinner borders, making it the largest and most advanced display ever". (end)
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(MENAFN- The Conversation) Wei Cui teaches tax law and policy, legal theory, and law and economics.
Before joining the UBC law faculty, he practiced tax law for over 10 years, including as a U.S. tax associate at Simpson Thacher (in both New York and Beijing), as Senior Tax Counsel for the China Investment Corporation, and as a counsel-level consultant for Clifford Chance (Beijing). Professor Cui has held visiting professorships at the law schools of Michigan, Northwestern, Columbia, and Melbourne Universities, among other institutions, and has served as a consultant to the United Nations, the Budgetary Affairs Commission of China's National People's Congress, and China's Ministry of Finance and State Administration of Taxation.
Professor Cui has published over 100 academic and professional articles. His co-authored Value Added Tax: A Comparative Approach (Cambridge University Press 2015), and his new book, The Administrative Foundations of the Chinese Fiscal State, is also forthcoming from Cambridge. His research takes an interdisciplinary approach to topics in international taxation, tax administration, and law and politics in China. His current research projects examine the design of international taxation against the background of international trade in services, and comparisons of redistributive policies in democratic and authoritarian regimes.
- –present Professor of Law, University of British Columbia
- 2002 Yale University, Law
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Industrial product and raw resource price indexes observed in Canada in April
(MENAFN) Monday, May. 31 Statistics Canada reported that the prices of products manufactured in Canada, as calculated by the Industrial Product Price Index (IPPI), increased 1.6% month over month in April.
April saw the IPPI’s fifth consecutive month-over-month increase. Excluding energy and petroleum production, the IPPI climbed 1.8%. Of the 21 major commodity groups, 18 soared and three declined.
Year over year, the IPPI jumped 14.3%, its ninth consecutive increase. Prices for energy and petroleum products, which climbed 78.4 percent, led the increase.
Meanwhile, the prices of raw resources purchased by manufacturers working in Canada, as calculated by the Raw Materials Price Index (RMPI), climbed 1% on a month-to-month basis in April and 56.4% compared to last April. year.
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(MENAFN- IANS) London, June 8 (IANS) The Eurozone has fallen into recession, new data show, as its economy contracted over the winter, according to a media report.
GDP across the Euro area shrank by 0.1 per cent in the first quarter of this year, downgraded from a previous estimate that the economy stagnated, The Guardian reported.
This follows a 0.1 per cent contraction in GDP in the fourth quarter of last year, meaning the 20-nation economy has shrunk for two quarters in a row - the standard definition of a recession, the report said.
It was dragged down by Ireland, where GDP fell by 4.6 per cent in the first quarter of this year - although economists have questioned whether that really reflects the performance of the Irish economy.
Lithuania's economy shrank by 2.1 per cent, while the Netherlands contracted by 0.7 per cent. Germany, Europe's largest economy, shrank by 0.3 per cent and is also in recession.
Europe's economy has been hit by the economic disruption caused by the Ukraine war, which has pushed up energy and food prices.
That had prompted a series of interest rate hikes, as the European Central Bank tried to battle higher inflation, The Guardian reported.
Household final consumption expenditure decreased by 0.3 per cent in the Euro area during the first three months of this year, following a 1 per cent drop in the fourth quarter of 2022.
Government final consumption expenditure (which tracks government spending on goods and services) decreased by 1.6 per cent in the Euro area in January-March, The Guardian reported.
Gross fixed capital formation, which tracks investment, increased by 0.6 per cent in Q1.
But trade deteriorated. Exports decreased by 0.1 per cent in the Euro area while imports dropped by 1.3 per cent, showing that demand was hit by the cost of living squeeze.
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(MENAFN- The Peninsula)
Doha: Qatar is relishing its best ever performance at the Olympic Games in Tokyo. Not just that, the country is also ahead of the GCC neighbours and the other Arab countries at the ongoing Games.
Qatar has won two gold medals in Tokyo 2020 so far, with Fares Ibrahim clinching the 96kg category victory in weightlifting to win first ever Olympic medal for the country on Saturday. World’s high jump superstar Mutaz Barshim then won a gold medal the following day, sharing win with his friend Gianmarco Tamberi of Italy in the final.
With two gold medals, Qatar is ahead of Tunisia (one gold and a silver), Morocco (one gold), Jordan (one silver), Egypt (2 bronze) and Kuwait (one bronze).
The Team Qatar athletes have full support of the President of the Qatar Olympic Committee (QOC) H E Sheikh Joaan bin Hamad Al Thani, who stands with the national athletes giving them full support.
With two gold medals in Tokyo, Qatar has also risen in the overall Olympic standings among Arab countries in 10th appearance at the Games.
With a total of seven medals in all Olympic editions as of now, Qatar has jumped to fifth with Egypt leads the standings with 34 medals, including 7 gold medals. Qatar athletes have also achieved individual records with Barshim becoming the first Asian athlete to win all Olympic medals which includes bronze at London 2012 and a silver medal at Rio 2016.
Fares on his way to victory set two Olympic records (225kg clean and jerk) and a massive combined score of 402kg.
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(MENAFN- Jordan News Agency) Amman, Feb.15 (Petra)-- A slight rise in mercury levels is expected on Thursday, but relatively cold weather will continue to prevail in the hilly areas and the Badia region, while it will be warm in the Jordan Valley and the Dead Sea, the Jordan Meteorological Department (JMD) said.
Daytime temperatures forecast for today in Amman, the northern and the southern cities will range between 16-14 degrees Celsius, dropping down to 8, 9 and 4 respectively. The weather will be warmer in the port city of Aqaba with highs reaching 27 degrees and lows standing at 13 at night.
Similar conditions are forecast to remain Friday during the day, but the Kingdom will be affected by unstable weather conditions as of Friday evening, where clouds will appear at various altitudes bringing partly cloudy skies with scattered showers across in the southern and eastern parts.
The impact of the unstable weather will deepen as of Friday midnight, bringing scattered showers across many parts of the country with westerly moderate winds, the JMD added.
A cold and wet air mass accompanied to a depression centered over Lebanon is forecast to affect the Kingdom, creating tangible drop in temperatures with cloudy skies and bringing scattered showers in most regions.
"Rainfall is likely to be heavy in the evening, especially in the western parts of the country and to be accompanied by thunder and hail, the JMD said further.
15/2/2018 - 10:35:37 AM
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Double the Halloween fun
Trick-or-treaters are expected to be out in full force this weekend if weather cooperates, although those numbers have seemed to dwindle the past few years because of other organized events the little ones can enjoy indoors.
That's a good thing.
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(MENAFN- UkrinForm) Americans, especially wavering politicians, need to be convinced that approving aid to Ukraine is their investment in ending the Russian-Ukrainian war.
Political analyst Ross Douthat wrote this in a column for The New York Times, Ukrinform reports.
"These days that kind of promise - Triumph just around the corner! Victory waiting just beyond the next offensive! - evokes memories of Afghanistan and Vietnam, rather than confidence in American strategic prowess. What's needed instead is something much subtler: a public argument that doesn't concede too much to Russian aggression, but concedes enough to military reality to persuade Americans that they're making an investment that will actually help bring the conflict to an end," he wrote.
According to Douthat, U.S. President Joe Biden's administration has a domestic audience as well as an international one.
"And it might be easier to persuade domestic doubters - wavering House Republicans, especially - if the current [Ukraine] aid package weren't being presented as the clincher for a Russian defeat that isn't actually in evidence," the expert added.
In his opinion, the best reason to continue sending aid to Ukraine is to make it easier to negotiate an armistice on terms favorable to Ukraine's survival and resilience.
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ISLAMABAD: Prime Minister Imran Khan chaired a meeting of government spokespersons in which the current political and law and order situation in the country was discussed.
The Prime Minister briefed the spokespersons on the government’s policy. Government spokespersons were also taken into confidence in the policy guidelines and statements.
The meeting also discussed the process of dialogue with the religious party and the call for a wheel jam strike. A government spokesman told the meeting that the law and order situation was better. The present government is the best spokesman for the nation


(MENAFN – NewsBytes) We are already in the second month of the new year and it’s safe to assume that most of our resolutions are already forgotten.
With a roller coaster 2020 behind us and an equally challenging 2021 ahead, the “self” is riding pillion and mostly going with the flow.
But this year, prioritize yourself and try these apps aimed to help you achieve your goals.
Regular meditation helps you improve focus, reduce stress, and aids in a good night’s sleep.
While getting into the habit of meditation requires dedication and consistency, Calm helps you ease into this daily practice through guided meditations, soothing music, and bedtime stories.
You can also customize the app to make it relevant for you.
It has several features like tracking bills, setting financial goals and budgets, and tracking warranties, to name a few.
What more, it also allows you to bring all your different accounts into one place and manage finances in a hassle-free manner.
The app is a self-paced online tutorial with over 1,000 classes that are easily accessible at all times.
It is also interesting to note that you don’t just stop at learning, you also get to implement your newly learned skill in projects.
With the app, you can track your daily calorie and nutritional intake, record physical activities, and set measurable goals.
The best part is that you can use it to achieve your fitness targets or simply use it to monitor your food and fitness habits.
The app uses a science-backed approach to give you tips so that you don’t give in to temptations and also monitors your overall progression.
Further, it tracks improvement in health and the money you have saved every day.
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(MENAFN) The chief executive of American digital lender Better.com, who dismissed around 15 percent of the firm’s personnel via Zoom, issued his apology to working individuals on his method of dealing with the discharge, as an internal note on unknown workplace free app Blind states.
Vishal Garg reported in the note, “I want to apologize for the way I handled the layoffs last week,” adding “I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better.”
Mr Garg also stated on December 1 during the Zoom call, “If you are on this call, you are part of the unlucky group that is being laid off,” he added, “your employment here is terminated effective immediately.”
The reason behind the layoff was the market conditions and a curb in the firm’s activity, mentioned the chief executive.
Mr Garg said in the message to present workers, “I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you,” and “I realize that the way I communicated this news made a difficult situation worse. I am deeply sorry and am committed to learning from this situation and doing more to be the leader that you expect me to be.”
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(MENAFN) On Monday, Microsoft made an announcement stating that Sam Altman, formerly ousted as Chief Executive Officer of OpenAI, would be leading a new artificial intelligence project for the tech giant. This move reverberated across Silicon Valley, coinciding with speculation about Altman's potential return following intense boardroom developments over the weekend.
Amid swirling rumors, Microsoft's declaration confirmed Altman's choice to join their team. Simultaneously, Emmett Shear, a co-founder and previous Chief Executive Officer of the video streaming platform Twitch, affirmed his role as the new Chief Executive Officer of OpenAI.
Just before three in the morning ET, Microsoft Chief Executive Officer and chairman Satya Nadella revealed the hiring of Altman on X, over 48 hours after the board of directors of OpenAI declared they "no longer had confidence" in Altman, a prominent figure in the tech sector's attempts to address the potential benefits and risks of artificial intelligence (AI).
Microsoft, a significant financial supporter of OpenAI, one of the most prominent startups globally, has invested billions since their initial funding agreement in 2019. Over time, OpenAI has emerged as a leading figure among the new wave of AI companies. Notably, its ChatGPT, a large language model chatbot, has gained widespread use and serves as an emblem of everyday AI innovation.
Microsoft's Chief Executive Officer, Nadella, assured continued support for OpenAI despite the recent changes in leadership. Sam Altman, now leading a "new advanced AI research team" at Microsoft, will collaborate with OpenAI's co-founder, Greg Brockman, who was recently removed from the position of its president on Friday.
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(MENAFN- Pajhwok Afghan News)
KABUL (Pajhwok): An exceptional jewel, hailed as a blessing from heaven for inhabitants of a remote village in Afghanistan, is sparkling in Dubai, a UAE-based newspaper reported on Sunday.
The 5,000-carat ruby, weighing about a kilogram, was unearthed in a small impoverished village called Hyderabad on the Afghanistan-Iran frontier, The National said.
Given its rare size and glitter, the gemstone is characterised as“one of a kind”. It has been found in an area, where there is mining activity, according to the daily.
The ruby owner is optimistic of funds from its display might bring smiles to faces of villagers who are without elemental facilities like schools, hospitals and even electricity.
The uncut jewel, whose market price is estimated at $10 million, is not up for sale.“We hope to display the ruby in museums in the UAE and even in Europe to generate funds for hospitals and schools in the village,” said Esmail Borhanzahi.
“It is very rare, it is one of its kind in its size and colour,” remarked Borhanzahi, whose gemstone placed for a private viewing in Dubai on Thursday evening.
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(MENAFN- Palestine News Network )
The Palestinian Authority (PA)'s President Mahmoud Abbas says the Israeli regime“does not believe in peace,” citing Israel's litany of chronic abuses against Palestinians.
The Palestinian official condemned the Israeli regime for conducting“a frantic campaign to confiscate our lands, to build settlements, to loot our resources as if this land is empty…,” Abbas told the 77th session of the United Nations General Assembly on Friday.
“Our trust in the possibility of achieving peace based on justice and international law unfortunately is waning due to the Israeli occupation policies,” he noted, adding, the occupying regime“has decided not to be our partner in the peace process.”
Abbas said he was speaking on behalf of more than 14 million Palestinians whose fathers and ancestors“lived through the tragic Nakba, 74 years ago.”
The Nakba (Catastrophe) Day in 1948 saw the Israeli regime claiming existence after forcibly driving some 700,000 Palestinians from their homes during a heavily-Western-backed war.
The Palestinians, Abbas added,“are still living the spillover of this Nakba, which is a humiliation for the whole of humanity, especially for those who have conspired, planned, and executed this heinous crime.”
Elsewhere in his remarks, he demanded the United States–the Israeli regime's biggest international supporter–to pursue the regime's assassination of Shireen Abu Akleh, a veteran Palestinian-American journalist, who was shot and killed by Israeli snipers in the occupied West Bank in May.
“As well as having Palestinian nationality, she was also an American citizen,” Abbas said.
“I dare the United States to prosecute those who killed this American national, but they won't. Why? Because they are Israelis,” referring to the Washington-backed impunity, with which the Israeli regime kills Palestinians and violates their rights on a daily basis.
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(MENAFN- UkrinForm) The Verkhovna Rada of Ukraine has endorsed a bill approving the Decree of the President of Ukraine on the extension of martial law for another 90 days, until May 20, 2023.
The relevant statement was made by Member of Parliament Yaroslav Zhelezniak on telegram , an Ukrinform correspondent reports.
According to Zhelezniak, a total of 348 Members of Parliament voted in favor of this bill.
A reminder that, on February 24, 2022, Russia started a full-scale invasion of Ukraine. On that very day, martial law was introduced and general mobilization was declared across Ukraine for a period until March 26, 2022. Later, the duration of martial law and general mobilization was extended until April 25, May 25, August 23, November 21 and February 19.
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(MENAFN- Kashmir Observer)
Srinagar: Iran is facing a smear campaign by the propaganda machinery of global arrogance as part of their war of attrition against the Islamic Republic, representative of Supreme Leader Ayatollah Sayyed Ali Khamenei said during his brief visit to Srinagar.
Ayatollah Mehdi Mahdavipur arrived here to attend the fortieth day ceremony of veteran Kashmiri leader Maulana Muhammad Abbas Ansari on Sunday.
“For twenty years after the triumph of Islamic revolution the enemy was urging countries not to supply arms to Iran and twenty years later the enemy is urging countries not to buy weapons from Iran”, Agha Mehdi said underlining the success and progress Iran has made despite crippling sanctions which according to him has 'unnerved the powers who want to dominate the world'.
Talking on the sidelines of the function Agha Mehdi said, Iran has resolutely refused to surrender to the whims of 'global arrogance' and defeated all their designs to become a vassal state of the West. “Western powers are giving vent to their frustrations by resorting to an ongoing smear campaign to spread hopelessness among people within Iran and discredit the image of Islamic republic outside Iran's borders”. Agha Mehdi said the enemy is unnerved by the progress and the march of development of the Islamic Republic and was using proxies and mercenaries to create unrest in Iran. He said unrest has been contained as an overwhelming majority of people stand firm behind the establishment.
Agha Mehdi cited fields of military and science where Iran has achieved phenomenal success despite Western blockade.
Today Iran is self sufficient in its defence needs and countries are making a beeline to procure Iranian made weapons and the list includes superpowers like Russia. Likewise in the field of medical science before revolution Iran was dependent on foreign doctors and today Iran supplies doctors to the world. He said that just from India there are more than a thousand students studying medicine at various Iranian universities.
Talking about relations with India, Agha Mehdi said that there are cordial ties between Iran and India.“Relations between Iran and India are cordial and friendly in the political sphere and relations are growing culturally and economically as well,” he said.
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(MENAFN- Gulf Times) A study by the Ministry of Economy and Commerce (MEC) highlights the growing role of the health sector in the development of the country's economy.
The study was conducted in the framework of the MEC's efforts to enhance the efficiency of economic sectors and increase their competitiveness by analysing the performance of different sectors, the ministry said in a report yesterday.
The study indicated that between 2012 and 2016, the health sector saw considerable growth in added value, which increased from about QR7.5bn in 2012 to around QR11.4bn in 2016. This amounted to a total increase rate of 52% for the whole period.
This resulted in an increase in the contribution of this sector to the GDP at current prices from 1% in 2012 to about 2.1% in 2016, the MEC said.
The study revealed that the health sector witnessed significant growth between 2012 and 2016 in its real output, ranging from 11.2% in 2012 to 14.5% in 2013, and reaching 6.3% in 2016. This exceeded the average annual growth rate in other economic sectors, the report observed. This also resulted in a rise in the contribution of the health sector to real GDP from 1 percentage point to about 1.43 percentage points in 2016.
In 2016, hospitals contributed with around 34% of the added value in the health sector, followed by non-specialised medical clinics with 22%, specialised medical clinics (except dentistry) with 20%, and dental centres/clinics with about 18.5%, the study shows.
The growth in added value was mainly driven by an increase in the number of health facilities, which rose by 45.6% in one year (2016) alone. 'This confirms Qatar's keenness to develop and expand the health sector, the report noted.
Total revenues of this sector rose from about QR1.6bn in 2012 to around QR3.7bn in 2016, achieving a growth of about 130% over the entire period. The highest growth rates were witnessed in 2014 and 2015, at 43% and 56%, respectively.
The study, meanwhile, observed that more health services are needed in view of the country's growing population and this sector provides investment opportunities for private players.
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Deutsche Bank warns companies from imminent default
(MENAFN) Deutsche Bank has cautioned that a cycle of boom and bust is going to come back this year and a wave of company debt defaults is looming, especially in the United States and Europe.
Based on the bank’s yearly report issued on Wednesday, defaults by firms are going to become more usual in comparison with the previous two decades.
Deutsche assumes default prices to reach its highest point in the last 3 months of 2024. The bank expected peak default rates to stand at 9 percent for United States high-yield debt, 11.3 percent for United States loans, 4.4 percent for European high-yield bonds, as well as 7.3 percent for European loans.
The valued United States loan peak default rate is a close to a record high, in contrast with a peak of 12 percent throughout the 2007-2008 world monetary disaster and 7.7 percent during the dot-com bubble at the end of 1990s, the report displayed.
“Our cycle indicators signal a default wave is imminent,” Deutsche economists stated. “The tightest Fed and ECB policy in 15 years is colliding with high leverage built upon stretched margins.”
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(MENAFN- The Peninsula) The Peninsula
Doha, Qatar: Qatar International School (QIS) has announced the outstanding success of its 2023 IGCSE, AS, and A2 cohort, who have garnered exceptional recognition from both the Cambridge International Examinations (CIE) and Pearson Edexcel exam boards.
What sets this achievement apart is the remarkable success in the Pearson Edexcel examinations, where QIS students have not only excelled but have also set new records. They have secured 3 highest mark in Qatar awards, 2 highest mark in the Middle East awards, and an astounding 7 highest mark in the World Awards.
Notably, QIS students have secured 6 Top in Qatar awards and 3 High Achiever Awards from CIE.
Additionally, they have earned an impressive 27 High Achiever Awards from Pearson Edexcel, a testament to their dedication and hard work and an unprecedented collection of top marks.
“We couldn't be more proud of our students for their remarkable achievements. Their success is a testament to their unwavering commitment to academic excellence and the exceptional quality of education provided at Qatar International School,” said Executive Principal of Qatar International School Deane Baker.
“As a British International School supporting Qatar with its educational vision, it is also particularly pleasing to see 4 of the Highest Mark in the World awards being secured in Arabic Language options.”
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(MENAFN- Cicero & Bernay A Communication Consultancy) Dubai, 21st November 2023: Arabian Automobiles, the flagship company of the AWRostamani Group and the exclusive dealer for Nissan in Dubai, Sharjah, and the Northern Emirates, has announced its continued partnership with Shabab Al Ahli in its fourth consecutive year for the 2023-2024 season. Shabab Al Ahli’s remarkable title victory in the previous season, has set the stage for an exciting journey ahead.
To mark the occasion, a signing ceremony under the victorious slogan “We are the champions,” which set the stage for an exciting year ahead, took place in the presence of club representatives, including H.E. Khalifa Saeed Sulaiman; Khaled Abdel Wahid Al Rostamani, the Chairman and CEO of AW Rostamani Group; the Board Members of Shabab Al Ahli Club, H.E Major General Talal Ahmed Al Shanqiti and H.E Hesham Al Qassim, and Michel Ayat CEO of Arabian Automobiles.
Also in attendance were Dr. Khalid Al Zahed - Managing Director - Shabab Al Ahli Club and Majed Sultan – the Executive Director of Team Games Sector; Salah Yamout, COO of Nissan of Arabian Automobiles Company and Hussam Baghdadi, Senior Director of Arabian Automobiles Company.
At its core, the partnership with Shabab Al Ahli resonates with the vision of the Dubai government to position the emirate as a leading global sports destination. It is also a testament to Arabian Automobiles’ commitment to actively support various national initiatives and organizations, with a particular focus on youth and sports.
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(MENAFN) In a diplomatic move aimed at revitalizing a proposed maritime aid corridor between Cyprus and Gaza, Cyprus President Nikos Christodoulides embarked on a two-day visit to Egypt, with plans to also meet Jordan's King Abdullah II. The primary objective of the visit is to garner support for the initiative, which envisions a maritime aid corridor connecting the Eastern Mediterranean island with Gaza.
President Christodoulides held discussions with Egyptian President Abdel Fattah El Sisi in Cairo, where the two leaders reviewed the recent escalation in Gaza and Cairo's ongoing efforts to broker a permanent ceasefire between Israel and Hamas. While the official statement from El Sisi's office did not explicitly mention the Cypriot aid proposal, the Egyptian President expressed readiness to receive and coordinate all international aid for the Gaza Strip.
The proposed maritime aid corridor holds strategic significance, seeking to establish a humanitarian route to provide assistance to Gaza. Egypt, with its existing working relations with Hamas and connections to its armed wing, the Ezzedine Al Qassam Brigades, plays a crucial role in the dynamics of the region. Meanwhile, Jordan, with its proximity to the occupied West Bank, adds another layer to the geopolitical complexities surrounding the proposal.
Notably, Cyprus has been strengthening ties with Egypt and Jordan in recent years, particularly in the context of maritime disputes with Turkey. This diplomatic outreach aligns with Cyprus' broader strategy of seeking support from regional partners in addressing geopolitical challenges.
The visit follows President Christodoulides' meeting with United States Secretary of State Antony Blinken last month, during which he conveyed that the United States views the Cypriot aid corridor proposal as "important." The European Union and the United States have expressed support for the initiative, underscoring its significance in fostering regional cooperation.
President Christodoulides emphasized the practical demonstration of Cyprus as a bridge to the region, highlighting the importance of the aid corridor for the country. As the diplomatic efforts unfold, the visit to Egypt and Jordan underscores the collaborative approach Cyprus is taking to address regional issues and contribute to stability in the Eastern Mediterranean.
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Crow Wing County to revise water resource planning with public input
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(MENAFN- The Peninsula)
In another step to enhance relations, Qatar and Turkey seek strengthening cooperation in areas of culture and libraries.
This was discussed during a meeting between Minister of State and President of Qatar National Library, H E Dr. Hamad bin Abdulaziz Al Kawari and the visiting Turkish Minister of Culture and Tourism H E Mehmet Nuri Ersoy.
“During the visit, we discussed many topics to enhance relationship with our library and Turkish libraries in general,” said Dr. Al Kawari.
“Next Wednesday, we are going to sign an agreement between Qatar National Library and Uma Library in Ankara. This is one of the newest libraries and a very important one which opened a few years ago,” he added.
Following the discussions H E Ersoy also donated books to the Qatar National Library. Books in English, Arabic and Turkish languages included titles such as 'From Empire to Republic,' 'Ataturk,' and 'The Ottomans in Qatar.'
Speaking at the event, the Turkish Minister stressed the depth in historical relations between Qatar and Turkey. He said that Turkey seeks to strengthen and develop cultural relations with Qatar, especially through libraries.
“There exist historic relations between the two countries, we want to give additional value to the existing relations through culture and heritage,” he said.
Speaking about the importance of books which were donated, he said that books were chosen in a manner that readers in Qatar could get familiar with aspects of Turkey's history.
Ambassador of Turkey to Qatar, H E Mustafa Göksu, and a delegation of Turkish ministers and officials also were present at the event. The delegation also toured the Qatar National Library's different sections and facilities including the Heritage Library.
Qatar National Library provides people of Qatar with access to over one million books. In its role as a research library with a preeminent heritage collection, Qatar National Library fosters global insight into the history and culture of the Arabian Gulf region.
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(MENAFN- The Peninsula) The Peninsula
Doha, Qatar: PwC Middle East, in collaboration with IIA Qatar, successfully hosted an 'Internal Audit Conference: Let's change the way we see risk' at the Sheraton Grand Doha Resort & Convention Hotel recently.
The event opened with a welcome address, emphasising the importance of embracing change and innovation in the field of internal audit. Read Also
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The conference was held following the signing of a Memorandum of Understanding (MoU) between PwC and IIA Qatar las month at the PwC Middle East office in Qatar. It brought together industry professionals and experts to explore new perspectives on internal audit and risk management.
The MoU establishes a collaborative partnership aimed at raising awareness of internal audit in Qatar and collaborating on joint initiatives to enhance the skills and expertise of Qatari talent in the field. This collaboration signifies the shared commitment of both organisations to elevate the standards of internal audit practices in Qatar and contribute to the professional development of the local workforce.
Issa Habash, Risk Lead at PwC Middle East in Qatar, said:“Through our partnership with IIA Qatar, we aim to equip internal auditors in Qatar with the essential knowledge and skills to navigate the dynamic and evolving risk landscape. This collaboration is an opportunity to accelerate positive change and lay a robust foundation for the future of internal audit in Qatar.”
Adel Al Hashimi, President of the IIA commented,“Internal auditors should maintain, improve and develop competence, especially with regard to understanding the expectations of stakeholders and senior management, as well as developing skills and knowledge related to technology trends and their impact on the field of internal audit.”
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(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 4
By Elchin Mehdiyev - Trend:
Azerbaijan is conducting a political dialogue with NATO on a wide range of issues of mutual interest, Azerbaijani MP Vugar Iskandarov told Trend on May 4.
'NATO is one of the organizations with which Azerbaijan closely cooperates on an international scale,' the MP said. 'The basis for high-level cooperation between NATO and Azerbaijan was laid on May 4, 1994, when the parties signed the Partnership for a Peace agreement.'
'Azerbaijan, guided by the principles of this agreement, is conducting a political dialogue with NATO on a wide range of issues of mutual interest,' Iskandarov said.
The MP reminded that over the past 27 years, Azerbaijan has made a great contribution to NATO's international activity as a partner of the alliance under the Partnership for Peace program.
"Azerbaijani peacekeepers have been participating in the NATO operation in Afghanistan since 2002,' Iskandarov said. 'Today, 120 Azerbaijani peacekeepers are serving as part of NATO's Resolute Support Mission in Afghanistan. NATO also uses Azerbaijan's transit capabilities."
'During a telephone conversation with President of Azerbaijan Ilham Aliyev on April 28, US Secretary of State Antony J. Blinken praised Azerbaijan's participation in the peacekeeping mission in Afghanistan,' the MP said. 'Touching upon the cooperation in the field of regional security, President Aliyev stressed the importance of Azerbaijan's participation in the peacekeeping mission in Afghanistan from the beginning of its activity.'
'All this once again confirms Azerbaijan's role in maintaining peace and security on an international scale, as well as the fact that the US attaches special importance to Azerbaijan's activity in this sphere," Iskandarov said.
'The cooperation with NATO had a positive impact on the professionalism of the Azerbaijani troops,' the MP said.
"The Azerbaijani troops serve the cause of strengthening stability and peace in the region,' Iskandarov said. 'Azerbaijan has always focused on strengthening the material and technical supply and personnel training of its Armed Forces."
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