RABI ALAWWAL 28,1440 AH THURSDAY, DECEMBER 6, 2018
26º 28 Pages Max 150 Fils Established 1961 Min 16º
ISSUE NO: 17700 The First Daily in the Arabian Gulf www.kuwaittimes.net
US, foreign leaders gather for Bush funeral in show of unity Sheikh Nasser hands Amir’s message to George W Bush
WASHINGTON: A divided Washington led by the nation’s five living presidents put on a Saudi king invites Amir to show of unity yesterday at the poignant state funeral of George HW Bush, as GCC meet; Qatar invited too America bade farewell to its 41st president. Donald and Melania Trump shared a front row pew at Washington National Cathedral with past presidents Barack Obama, Bill Clinton, Jimmy Carter and their wives as an honor guard brought Bush’s flag-draped casket into the packed prayer hall. George W Bush delivered a rousing and deeply per- sonal eulogy - at times punctuated by laughter - as he sang the praises of his father and predecessor as commander-in- chief, who died Friday at age 94. “He was born with just two settings - full throttle, then sleep,” Bush said. “To us, his was the brightest of a thousand points of light,” he added in reference to his father’s signature call to volunteerism. “When the history books are written, they will say that KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets George HW Bush was a great president of Secretary General of the Gulf Cooperation Council Abdullatif bin Rashid Al- the United States.” Bush’s eulogy followed WASHINGTON: HH Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah hands a written message Zayani at Bayan Palace yesterday. — KUNA an uplifting performance by Irish tenor from HH the Amir to former US president George W Bush on Tuesday as Kuwaiti Ambassador Ronan Tynan - a friend of Bush who sang to to the US Sheikh Salem Abdullah Al-Jaber Al-Sabah (right) looks on. — KUNA KUWAIT: Secretary General of the The Amir received Zayani, accompa- the president in his dying hours. Gulf Cooperation Council Abdullatif bin nied by Kuwaiti Deputy Prime Minister HH Sheikh Nasser Al-Mohammad Al- of the friendly United States of America”. deceased ex-president’s brave stance in Rashid Al-Zayani yesterday delivered a and Minister of Foreign Affairs Sheikh Ahmad Al-Sabah, the representative of HH The Amir noted in the message to Bush support of Kuwait, namely his emphatic written letter from Saudi King Salman Sabah Al-Khaled Al-Hamad Al-Sabah, the Amir Sheikh Sabah Al-Ahmad Al-Jaber that he dispatched his personal envoy rejection of the flagrant Iraqi aggression and bin Abdulaziz Al-Saud to HH the Amir at Bayan Palace. Zayani conveyed to HH Al-Sabah, paid a visit to George W Bush on Sheikh Nasser to the funeral of his father, his leading role in forming the international Sheikh Sabah Al-Ahmad Al-Jaber Al- the Amir great thanks and appreciation Tuesday and handed him a written message re-expressing his heartfelt condolences on coalition for the liberation of Kuwait.” Sabah, which included an invitation to of his directives for enhancing the Gulf from the Amir. In the message, HH the Amir his demise. “We affirm that we have lost a Yesterday’s state funeral caps a day-long attend the 39th session of the GCC joint action process. expressed deep sadness over the demise of dear friend...particularly dear for the Kuwaiti homage that saw Bush lie in state for two Supreme Council scheduled on Dec 9. Continued on Page 24 “the cordial friend, your father, His people who will never forget him as a sup- days in the US Capitol rotunda. Excellency George Bush, the 41st president porter of justice.” HH the Amir recalled the Continued on Page 24
target of US sanctions. and other investors due to the continued freeze on these News in brief Dubai rebuffs The frozen funds belong in part to the Kuwait gov- funds, we ask your highness to direct your relevant enti- Chaperones for female workers? ernment and have been frozen at Dubai’s state-owned ties to swiftly release the funds,” Sheikh Jaber had writ- Noor Bank since late 2017, when the emirate’s public ten. Reuters obtained a copy of both letters. Kuwait bid to prosecutor, in collaboration with Kuwait’s prosecutors, The correspondence is the latest twist in a case KUWAIT: Al-Rai daily reported yesterday that the started probing the lawfulness of their transfer to Dubai between two of the richest countries in the Gulf Public Authority for Manpower has stopped issuing from the Philippines. Executives involved deny wrong- Cooperation Council. The $496 million in question work permits to Moroccan and Tunisian women release funds doing. “I am fully confident the joint efforts of Kuwait’s belong to Port Fund, a Cayman Islands-registered fund younger than 40 unless they are accompanied by a DUBAI: Dubai’s ruler has resisted efforts by Kuwait to Public Prosecutor Office and Dubai’s Public Prosecutor that is part of a Kuwaiti private equity group. Two gov- first-degree relative (father, brother or husband). release nearly $500 million in frozen funds at the heart Office will result in fair solutions to this case and utilize ernment entities, Kuwait’s port authority and the coun- This decision was taken at the request of both coun- of a money laundering probe straining relations the legal system to address damages incurred by try’s pension fund, had invested in the fund and are tries, it said. The decision applies also to Lebanese between the two Gulf allies, according to correspon- shareholders,” Dubai ruler Sheikh Mohammed bin owed around $200 million. Kuwait’s prosecutors have women who need security clearance. In an ambigu- dence seen by Reuters. The investigation is taking place Rashid Al-Maktoum said in a letter dated Nov 3. charged two Port Fund directors for allegedly embez- ous response, Manpower Authority Director Ahmed as the United Arab Emirates tightens financial regula- He was responding to a letter sent by Kuwaiti Prime zling funds that the Kuwait Port Authority and the Al-Moussa yesterday said the report is “inaccurate”, tions to fight a perception among some foreign Minister HH Sheikh Jaber Al-Mubarak Al-Hamad Al- Public Institution for Social Security had invested in adding the labor law bans women from working in investors that it is a hot spot for illicit money flows Sabah in September asking for help to release the funds. Port Fund. The executives deny that. hazardous jobs, those posing health risks and those owing to its free trade zones and proximity to Iran, the “In light of the severe damages to government agencies Continued on Page 24 violating public morals. — Meshaal Al-Enezi
Killer turns himself in Muwaizri shuns KUWAIT: Detectives solved the mystery behind the death of a woman whose body was found in the panel meeting Salmy desert, and discovered that the woman was killed by her brother. The suspect, a Kuwaiti, turned himself in to Jahra police yesterday. He confessed on PM grilling that he had killed his sister over family disputes and left her body in the Salmy desert, according to secu- By B Izzak rity sources. A man had called police on Monday to report that he had found a dead body in the Salmy KUWAIT: Leading opposition MP Shuaib Al- desert. The woman, believed to be in her thirties, Muwaizri, who has sought to grill the prime minister had her throat slashed and there were bruises on over rain mismanagement, yesterday did not attend a her body. — Hanan Al-Saadoun meeting by the National Assembly’s legal and legislative committee to study the legal status of the grilling. The Trump asks OPEC for no cuts grilling was supposed to have been debated last week but the government argued that it violated the constitu- WASHINGTON: US President Donald Trump yes- tion and demanded that it should be referred to the legal terday urged OPEC members not to slash production committee to determine if it can be debated or not. at their upcoming meeting, saying global oil prices The committee had invited Muwaizri for a meeting should remain low. “Hopefully OPEC will be keeping yesterday to hear his viewpoint on the issue but he oil flows as is, not restricted. The World does not abstained from the meeting without notifying the panel, rapporteur of the committee MP Khalil Abul said. Abul want to see, or need, higher oil prices!” Trump said KUWAIT: Workers are seen at the Kuwait Global Steel Services factory in Amghara yesterday. — Photo by on Twitter. — AFP said that Muwaizri was informed of the meeting by Yasser Al-Zayyat Continued on Page 24 2 Local Thursday, December 6, 2018 Amir, Libyan Prime Minister discuss ways to achieve stability in Libya Speaker, Prime Minister receive visiting Libyan premier
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah meets with Chairman of the Presidential Council of Libya and Prime Minister Fayez Al-Sarraj. National Assembly Speaker Marzouq Al-Ghanem meets with the His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al- — Amiri Diwan and KUNA photos visiting Libyan Prime Minister Fayez Al-Sarraj. Hamad Al-Sabah receives Libyan Prime Minister Fayez Al-Sarraj.
KUWAIT: His Highness the Amir Sheikh Sabah Al- the sovereignty and unity of the Libyan territories. The and Minister of Foreign Affairs Sheikh Sabah Al-Khaled officials discussed the recent happenings in Libya as Ahmad Al-Jaber Al-Sabah received yesterday at Bayan discussion also included the latest developments in the Al-Hamad Al-Sabah, Deputy Prime Minister and well as the latest developments within the regional Palace His Highness the Crown Prince Sheikh Nawaf region, and ways to support efforts to enhance solidari- Minister of State for Cabinet Affairs Anas Khaled Al- and international spheres. The meeting was attended Al-Ahmad Al-Jaber Al-Sabah. His Highness the Amir ty and unity of the Arab World in order to face chal- Saleh and Chief of the Accompanying Mission of Honor, by National Assembly MPs Dr Abdulkareem Al- also received His Highness the Prime Minister Sheikh lenges and maintain security and stability. Advisor at His Highness the Prime Minister’s Diwan Kanderi, Dr Khalil Abol, and Mubarak Al-Harees. Jaber Al-Mubarak Al-Hamad Al-Sabah and Chairman Earlier yesterday, His Highness the Prime Minister Sheikh Salem Jaber Al-Ahmad Al-Sabah, in addition to Ambassador of Kuwaiti to Tripoli Mubarak Al- of the Presidential Council of Libya and Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received senior commanders of the Army and National Guard as Adwani also attended the meeting. In other news, His Fayez Al-Sarraj and his accompanying delegation. Sarraj, who was accorded a formal reception and the well as a number of senior state officials and the two Highness the Crown Prince Sheikh Nawaf Al-Ahmad During the meeting, they discussed the situation in National Anthems of Libya and Kuwait were played, countries’ ambassadors. Al-Jaber Al-Sabah received His Highness the Prime Libya and efforts aimed at achieving security and sta- followed by the guest inspecting the guard of honor. The visiting Libyan official also met with National Minister Sheikh Jaber Al-Mubarak Al-Hamad Al- bility in the brotherly country in a way that preserves The reception was attended by Deputy Prime Minister Assembly Speaker Marzouq Al-Ghanem, and the two Sabah at Bayan Palace yesterday. — KUNA
Govt upgrades e-services to confront corruption: Minister
By Faten Omar
KUWAIT: Under the patronage of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al- Sabah and in cooperation with the Central Agency for Information Technology (CAIT), the 6th E-Government Forum (EGOV6) kicked off on Tuesday under the motto ‘Managing Transformation Towards Digitalization’ in the Al-Baraka Ballroom of Crowne Plaza hotel. The forum focused on managing change during the digital transformation journey. On the sidelines of the forum, Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Khaled Al-Saleh said raising the level of digital services in Kuwait is a big concern of the Qussai Al-Shatti— Photos by Joseph Shagra Yousef Al-Marzouq government, adding that the aim of upgrading electronic services is to confront corruption through e-services that remove the human ele- to achieve the e-government project and to Central Information Technology Agency and ment in the completion of any transaction. raise the level of competitiveness regionally and other information centers of other government Saleh, who heads the board of CAIT, said internationally. He said this conference comes at entities are capable of developing their policies that Minister of Commerce and Industry Khaled a time when a series of decisions were obtained and systems so that they can manage the vari- Al-Roudhan, who heads the committee con- from the Council of Ministers aimed at pushing ables that surround them to contribute to the cerned with upgrading the automation of gov- government agencies to accelerate the imple- success of their national mission of moving gov- ernment services, presented a report at the mentation of ‘Managing Transformation Towards ernment services in Kuwait to the ranks of meeting of the Council of Ministers. He pointed Digitalization.’ developed countries and building an information out that after the presentation by Roudhan, the Yousef Al-Marzouq, General Manager of society,” Marzouq added. economic committee of the Council of Ministers Nouf EXPO, noted that the slogan of the E- NoufEXPO, in collaboration with CAIT, is was instructed to review government agencies Government Forum this year - ‘Managing holding the sixth E-Government Forum - that need support and which were late in pro- Transformation Towards Digitalization’ - is one Managing Change Towards Digitization from The new recruits at Gulf Bank. viding their services electronically to find out of the basic necessities of success for any work Dec 4-6, 2018. The forum focuses on change the causes of delays and resolve obstacles to done on a permanent basis, whether related to management practices that need to be imple- enable these agencies to raise the level of their information technology or others. “The good mented in order to boost the e-government pro- services. management of change is the guarantee to gram implementation and make the best use of Gulf Bank champions Kuwaitization During his opening speech, Engineer Qussai implement work plans efficiently and deal well all available resources along the way. The forum Al-Shatti, the Acting General Manager of CAIT, with the constant changes that we are subjected is accompanied by an exhibition where many with 377 new hires in 2018 said electronic services are a regular product of to, along with our ability to make the right deci- government organizations in Kuwait are pre- e-government programs implemented by Kuwait sions in a timely manner and contribute to the senting their various projects and e-services. in order to improve government services pro- success of institutions to achieve their goals and Several companies and institutions are partici- KUWAIT: Gulf Bank continues to lead vided to citizens and residents, adding that the avoid pitfalls during their career,” he pointed out. pating in the forum and presenting various solu- Kuwait’s banking sector in its support of e-government project and electronic services “While we are fully aware of the administra- tions for ministries and government institutions Kuwaitization. Since the beginning of the are receiving attention from the political leader- tive and technical complexity of the e-govern- in order to help achieve the desired e-govern- year, 377 Kuwaitis have been hired by ship, and the prime minister specifically. ment program and integrated and intelligent ment goals including securing data and govern- the bank, across various departments. government services, we are confident that the ment systems. Shatti said the organization has the support Aligned with the government’s initiative of Kuwaitization, Gulf Bank advocates this vision through training and develop- ment and the employment of Kuwaitis Alghanim Industries participated in 35th NUKS Conference for a better and more prosperous Kuwait. The Bank is invested in the pro- KUWAIT: Alghanim Industries, one with various entertainment seg- fessional development of Kuwaiti talent, of the largest private companies in ments including stand-up comedy and in providing them with opportunities the region, sponsored the 35th and entertainment. to build a career and develop essential annual conference of the National Reflecting its ongoing pursuit Salma Al-Hajjaj Union of Kuwaiti Students (NUKS) for qualified Kuwaiti candidates, skills within the financial sector. USA branch. The conference took Alghanim Industries’ Human Salma Al-Hajjaj, General Manager of place from 22 to 24 of November in Resources Department was present Human Resources, Gulf Bank, said: MGRP, PAAET, Kuwait University and Dallas, Texas, under the slogan at the event’s career fair, answering “Harnessing local talent has always been select private universities. Through a ‘Kuwait and its Youth.’ The event queries about the company and the at the heart of Gulf Bank’s vision. Over series of training and work opportunities, was held under the patronage of different career opportunities it the years, we have developed a number these partnerships have provided First Deputy Prime Minister and provides, including internships, of Kuwait-based mentoring and training Kuwaiti youth with more experience, Defense Minister Sheikh Nasser training and job opportunities. programs to ensure that present and developing their skills and knowledge Sabah Al-Ahmed Al-Sabah. This is Visitors of Alghanim Industries’ future employees achieve their full prior to entering the labor market. The the 11th participation of Alghanim booth at the event were enrolled in Kuwait’s Ambassador to the United States Sheikh Salem Al-Sabah potential. From our AJYAL Graduate bank would like to extend thanks to our Industries in this annual student a draw, and winners were visits Alghanim Industries’ booth. Development Program, to our bank wide partners for their commitment to the pro- event, which underscores its com- announced towards the end of the learning and development program, gram, as well as their faith in us, as advi- mitment to youth, education, and event, with valuable prizes that join Alghanim Industries to start a provides youth with valuable including the recently launched Direct sors and mentors to Kuwait’s younger local talent. include travel tickets and electron- rewarding career in a collaborative insights about entrepreneurship Sales Academy, created to increase the generations. We look forward to continu- The annual event was attended ics. Commenting on Alghanim and diverse work environment.” from industry leaders, academics professional workforce in the field. We ing forward with our partnerships in our by Kuwait’s Ambassador to the Industries’ sponsorship of this The sponsorship of the annual and experts, held under the patron- are proud to facilitate the development mission to unlock the potential of young United States Sheikh Salem Al- year’s NUKS conference, Chief NUKS conference in the United age of the H.H. the Amir of Kuwait of Kuwaiti talent across all stages of Kuwaiti talent,”Hajjaj added. Sabah, along with a number of pub- Human Resources Officer at States comes as part of Alghanim Sheikh Sabah Al Ahmad Al Sabah. their careers.” Gulf Bank has a long-standing com- lic figures and experts in various Alghanim Industries, Henning Industries’ corporate social respon- The company is proud of its long- “Gulf Bank is proud to announce that mitment to the Kuwaitization of the pri- fields. The student-led conference Schlutt, said: “We are always eager sibility (CSR) program, which is standing relationship with INJAZ vate sector, fostering an environment featured an array of informative to interact with young Kuwaiti tal- we have achieved 72.5 percent focused on empowering the under- Al-Arab, and is among the largest which appeals to Kuwaiti talent and panel discussions covering a multi- ent who have the passion and ambi- privileged, supporting education supporters INJAZ-Kuwait, a youth Kuwaitization to date. We, in the HR allows them to unlock their full potential. tude of topics that are of interest to tion to join our professional and and encouraging entrepreneurship. program that focuses on delivering department, have applied a recruitment Kuwaiti youth including the econo- result-driven company. The NUKS Alghanim was a strategic sponsor educational programs on entrepre- strategy focused on the development of Developing their talent, knowledge and my, sports and society. These career fair is a great opportunity to for the seventh annual Tmkeen neurship, financial literacy and work Kuwaiti youth, utilizing partnerships with skills in order to contribute to both the informative sessions were coupled meet potential candidates who can Youth Symposium, an initiative that readiness. several education institutions, including banking sector and Kuwait. 3 Local Thursday, December 6, 2018 Amir attends KFAS awards ceremony for scientific achievements and contributions
KFAS Director stresses need to prepare for future of massive technological development
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and top state officials attend the Kuwait Foundation for the Advancement of Sciences’ (KFAS) awards for scientific achievements and contributions. — Amiri Diwan photos
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah attended and patronized at Salwa Al- Sabah’s Hall yesterday the Kuwait Foundation for the Advancement of Sciences’ (KFAS) awards for scientific achievements and contributions. His Highness the Amir was received at the event by Director General of KFAS Dr Adnan Shihab-Eldin and members of the foundation’s board. His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al- Sabah, Speaker of the National Assembly Marzouq Al-Ghanem, His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al- Sabah, and senior state offi- cials attended the ceremony. After screening a KFAS achievements and projects documentary, the founda- tion’s Director Dr Shihab- Eldin said that since estab- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and Director General of KFAS Dr Adnan Shihab-Eldin pose for a group picture with the awarded Dr Adnan Shihab-Eldin lishment in 1976, KFAS had individuals. been the entity that gath- ered scientists eager to carry the torch of development and progression in Kuwait. The leadership’s honoring of that while the leadership played a significant role in sup- Shihab-Eldin who stressed that it was vital for Kuwaiti environment, affirmed the director. He indicated that scientists and innovators since the first KFAS awards in porting KFAS, the private sector also provided assistance society to gear up towards a future of massive technologi- KFAS was eager to contribute to the state’s Kuwait Vision 1979 was a key element in supporting this important to the development of science in Kuwait. cal development and groundbreaking scientific discover- 2035, which will propel the country towards a bright component of development, said the director who The world is currently experiencing the ‘Fourth ies. KFAS is well aware of the forthcoming age; therefore, future. Upon the conclusion of the speech, His Highness affirmed that His Highness the Amir, KFAS Chairman of Industrial Revolution,’ a term describing the fusion of the foundation is focusing its efforts on various fields such the Amir proceeded to present awards to the winners of the Board, continued this important legacy. He indicated physical, biological, and digital technologies, said Dr as renewable energy and resources that are friendly to the this year’s event. — KUNA
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al- receives a memento from Director General of KFAS Dr Adnan Director General of KFAS Dr Adnan Shihab-Eldin welcomes National Sabah arrive to the venue. Shihab-Eldin. Assembly Speaker Marzouq Al-Ghanem.
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah honors winners during the ceremony. 4 Established 1961 Local Thursday, December 6, 2018
Photo of the Day
KUWAIT: A worker is seen at the Global Steel Services factory in Amghara yesterday. —Photo by Yasser Al-Zayyat Kuwait, Egypt ink eight memorandums of understanding, executive programs Egypt appreciates Kuwait leadership, people for support in hard time: FM
KUWAIT: Capitalizing on their strong and histori- billion in the past few years. He estimated the num- with all regional and world countries. Kuwait had cal political relations, Kuwait and Egypt have ber of Kuwaiti companies and firms operating in adopted moderation, reasoning and rationalism in signed several memorandums of understanding Egypt at 1,227. Moreover, the volume of trade handling regional and international crises, he noted, (MoUs) and executive programs to boost coopera- exchange had also ballooned in past four years to expressing his belief in these noble principles and tion in various domains. The pacts were signed $3 billion, he boasted. The Kuwaiti top diplomat values. He hoped the higher committee would help Tuesday in Kuwait at the conclusion of the twelfth unveiled that there were over 100,000 Kuwaitis take joint cooperation to new height and urged session of the Higher Kuwaiti-Egyptian committee visit Egypt every year and nearly 64 regular weekly businesspeople and economic actors to work out a which was co-chaired by Kuwait’s Deputy Prime fights between the two countries. He shed lights on mutually-beneficial comprehensive and strategic Minister and Foreign Minister Sheikh Sabah the contributions of the Egyptian labor and profes- partnership to ameliorate economic and trade Khaled Al-Hamad Al-Sabah and Egyptian Foreign sionals in Kuwait. He reiterated commitment to cooperation. He stressed the need to increase trade Minister Sameh Shoukry and was attended by rep- exert more efforts to cement cooperation in all eco- exchange to live up to the strong political relations. resentatives of 42 public and private bodies from nomic and development sectors and to push bilater- He concluded that Egypt was looking forwards to both countries. Among the inked agreements are a al relations to brighter future that meets the aspira- hosting the coming meeting of the higher commit- memo of understanding for enhancing security tions of the leaders and peoples of the two nations. tee in Cairo next year. cooperation and another memo for linking their Sheikh Sabah Al-Khaled commended the great electronic labor systems. They also included six development and construction contributions of Support in hard times executive programs for cooperation in the coming approximately 700,000 Egyptians working in dif- In the meantime, Shoukry said that the two years in the following realms: labor, culture, ferent public and private sectors in Kuwait. In this Egyptians, at official and popular levels, highly education, higher education and scientific research, regard, he recalled with appreciation the historic, appreciate the Kuwaiti leadership and people for official media, and sports. enlightenment role of the Egyptian educational their support. “We will not forget the support of KUWAIT: Officials attend the twelfth session of the Higher Kuwaiti-Egyptian committee. —KUNA missions — which came to Kuwait in coincidence Kuwait and its Amir for the Egyptian people during Package of agreements with the start of the modernization and the devel- hardtimes,” Shoukry told a press conference in Abdulfatah Al-Sisi over regional developments. The with the Palestinian Authority to reach this objec- The new package of agreements takes the num- opment process — and their remarkable role in Kuwait. He said he met with His Highness the Amir letter, he said, included an invitation to His Highness tive,” he added. Egypt, along the Arab countries, ber of cooperation agreements, MoUs and pro- building a scientific base in the country. Sheikh Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and the Amir to visit Egypt. Shoukry meanwhile said supports the Palestinian Authority and its president grams signed between the two countries since 1963 Sabah Al-Khaled underlined the importance of exchanged views over Arab and international Kuwait was keeping Egypt updated with the issues Mahmoud Abbas, said Shoukry. The Egyptian top up to 148, said Sheikh Sabah Al-Khaled in a press synergy to counter the growing challenges and issues of mutual interest, specially that Kuwait rep- on the UNSC agenda, especially regarding Arab diplomat also called on Libyan parties to sit on the statement. He also noted that the Kuwait Fund for rapid changes in the region. resented the Arab group in the UN Security and African matters. negotiations’ table, unite the Libyan forces to Arab Economic Development (KFAED) had Meanwhile, Minister Shoukry lauded the Council. Kuwait and Egypt’s points of view over On Palestine, Shoukry said Egypt sought to restore stability in the country. Shoukry rejected financed 48 key projects in various sectors in deeply-rooted relations between the two sisterly conflicts in the region were identical, he said. solve the Palestinian cause to achieve the any move to block navigation in international Egypt. Sheikh Sabah Al-Khaled pointed out that the countries. He expressed admiration of Kuwait’s Shoukry said he conveyed a letter to His Palestinian state on the 1967 borders with East waters and said Egypt supported the UN-spon- Kuwaiti investments in Egypt had blossomed to $15 wise foreign policy and its distinguished relations Highness the Amir from Egyptian President Jerusalem as its capital. “There is a coordination sored talks between the Yemeni parties. —KUNA
ning of 2019, will help recruit only skilled and qualified pull over, so he was chased. When he left the car and NatMed joins Automated labor as well as help fight visa trafficking. started running, he was caught. Sales’ license Smuggling foiled Horeca 2019 system to prevent The Ministry of Commerce and Industry (MoCI) Nuwaiseeb customs officers arrested a passenger for announced reducing the number of procedures needed attempting to smuggle hashish and two bottles of sponsors visa trafficking to apply for a special sales’ license to only one form imported liquor. He was sent to concerned authorities, that can be easily accessed online, instead of the previ- reported Al-Rai. KUWAIT: The National By Meshaal Al-Enezi and Agencies ous 15 paper ones. The ministry added that applicants Medical Consumable can apply online at www.moci.gov.kw, fill the needed Blackmail Industries Company (NatMed) KUWAIT: The Public Authority for Manpower’s deputy form and file it within minutes, which cuts down the A Syrian woman lodged a complaint against a person announced participating as a director for human resources and financial affairs Sultan paperwork cycle. who pestered her with indecent images and messages after sponsor in the Horeca Kuwait Al-Shaalani said the authority is exerting unprecedent- midnight, so police referred the complaint to detectives, 2019 exhibition, which is set to Fugitive caught who were able to identify him as an Egyptian man working be organized by Leaders ed efforts to fight marginal labor, and in this regard, it Jahra police arrested a citizen sentenced to four in a phone store. After he was arrested, he justified his Group in collaboration with recently signed a memorandum of understanding with Hospitality Services Company Egypt to recruit Egyptians through automated electron- years in prison and sent him to the sentences imple- actions by saying “I want to marry her”, according to an at Kuwait International ic transactions between both countries. Shaalani added mentation department, Al-Rai reported yesterday. The Al-Rai report. The woman said she had left the phone for Fairground in Mishref in the that the e-linkage system, due to be used by the begin- suspect was driving without a license, then refused to repairs at his store. The suspect faces legal action. period of January 14-16, 2019. In this regard, NatMed’s Managing Director offered to certain Ministry of Education (MoE) Kuwaiti other jobs, leaving only 50 who sought MoE jobs,” the Mohammad Ahmad Al-Sarraf Education ministry staff members such as psychiatrists, accountants and sources explained, warning of a serious shortage in stressed that changes in the Mohammad Al-Sarraf other technical staff because too much work is needed other technical jobs such as accountants. “MoE used to world of trade and services to serve MoE with 116,000 employees, which made cit- have over 300 accountants and this number has drasti- made specialized exhibitions such as Horeca Kuwait indis- urged to give izens refrain from accepting such jobs and opt instead cally dropped,” the sources remarked, urging lawmak- pensible in order to set successful marketing strategies for for other less demanding government jobs. ers to pass a law on citizens’ salaries to put an end to any sector at national, regional or international scales. incentives for The sources added that MoE suffers from a dire this problem. Speaking on the sidelines of a ceremony held to sign the shortage in the aforementioned jobs after the CSC In other news, informed sources said that “Kuwaiti sponsorship contract, Sarraf stressed that NatMed thinks terminated many expats who had been doing them cultural attaches abroad have not received any deci- highly of Horeca Kuwait as a unique exhibition, adding that Kuwaiti staff and citizens appointed to replace them were scared sion from the ministry of higher education concerning his company would display products and services of inter- off by the amount of work and the job duties they cancelling Minister Al-Azmi’s decision of banning est to participating hotels and restaurants including dispos- By A Saleh had to perform in lieu of what they considered as studies abroad for those with high school certificates able aluminum and plastic packs and over 2,000 items of ‘low salary’. granted more than two years earlier.” They further other paper and plastic products used in food serving and KUWAIT: Well-informed educational sources stressed “This made 329 out of 379 citizens expected to explained that only a few exceptions for certain cases packaging, in addition to disposable medical products. the need to reach a final decision on the incentives graduate as social workers and psychiatrists seek out had been made.
Established 1961
InternationalTHURSDAY, DECEMBER 6, 2018 Powerful 7.5 quake off New Caledonia triggers tsunami India drains lake after discovery of HIV-infected body Page 9 Page 8
PULHEIM: Policemen stand in front of the residential building of the owner of an Italian Osteria restaurant in Pulheim near Cologne, western Germany, after the man, a main suspected, was arrested in an anti-mafia raid. — AFP Mafia hit by huge international sweep Dozens of ‘Ndrangheta mafia suspects nabbed
THE HAGUE: Police arrested dozens of suspected Italian restaurants noticed money laundering at two Italian restaurants in who moved there after World War II to work in coal mobsters in Europe and South America yesterday in a The ‘Ndrangheta-which derives its meaning from the southern Netherlands that showed criminal links mines, Belgian prosecutors said. Italian anti-mafia huge international swoop targeting Italy’s notorious the Greek word for heroism-is made up of numerous with Germany and Calabria, home of the ‘Ndrangheta. prosecutor Federico Cafiero De Raho said the opera- ‘Ndrangheta mafia clan, officials said. Around 90 peo- village and family-based clans in Calabria, the rural, Using an often family-based network spread out tions would affect the ‘Ndrangheta’s drug trafficking ple accused of involvement in drug trafficking, money mountainous and under-developed “toe” of Italy’s around Europe, drugs would come into the Dutch port operations around the world, including Colombia, laundering and violent crime were arrested in raids in boot. Despite intense police attention and frequent of Rotterdam and the Belgian port of Antwerp before Ecuador and Brazil. But he warned that it was “just a Germany, Italy, the Netherlands, Belgium and Suriname. arrests, the organization has continued to extend its being moved around the continent. first step”, saying the arrests were “nothing for the Hundreds of police took part in the operation, seizing reach. It has surpassed Sicily’s Cosa Nostra and the Prosecutor Fred Westerbeke said they had also ‘Ndrangheta, there are thousands of people who four tons of cocaine, 120 kilos of ecstasy and two mil- Naples-based Camorra in influence thanks to control probed ice cream parlors, adding that together with should be arrested and billions that should be seized”. lion euros (dollars) in cash from locations including of the cocaine trade and is the sole mafia organization restaurants “the suspicion is that the mafia organiza- The European police agency Europol however Italian restaurants and ice cream parlors. to operate on all continents, according to anti-mafia tion is laundering money through these establishments said it was a “decisive hit against one of the most The crackdown on the powerful organized crime prosecutors. Officials hailed yesterday’s operation- and they are used as a cover for their criminal organi- powerful Italian criminal networks in the world”. syndicate based in Calabria, southern Italy, came just a dubbed “Operation Pollina”-as a serious blow to the zations.” He also confirmed that there had been raids European Parliament President Antonio Tajani, who is day after Italian police arrested the new boss of the group. Italian police said 90 people had been arrested in Suriname, a small South American country that was Italian, sent “congratulations” to the police forces separate Sicilian mafia. “Today we have issued a clear in all countries in the sweep targeting the ‘Ndrangheta once a Dutch colony. Dutch NOS television said the involved, adding: “Europe fights ‘Ndrangheta crimi- message to criminal alliances across Europe, and they and its “projections across South America.” ‘Ndrangheta were mainly active in the Netherlands in nal groups”. On Tuesday, Italian police arrested new are not the only ones who can work across borders,” In Germany, yesterday’s operation focused on drug smuggling through the country’s huge flower Cosa Nostra boss Settimino Mineo and dozens of Filippo Spiezia, deputy head of the EU’s judicial agency restaurants, offices and apartments, mainly in the export market. other suspects in Sicily in a major swoop. Jeweler Eurojust, told a press conference in The Hague. He said states of North Rhine-Westphalia and Bavaria region. Mineo, 80, was detained along with at least 45 oth- the “unprecedented and extraordinary result” targeted German prosecutors said 47 suspects had been tar- ‘Decisive hit’ ers just before he was due to be appointed official “dangerous members of the ‘Ndrangheta family deeply geted and 65 premises were being searched. Dutch The Belgian operations were concentrated on the heir to notorious mafia boss Toto Riina who died in involved in drug trafficking and money laundering”. prosecutors said the investigation began after they Limburg area, home to many people of Italian descent prison last year. — AFP
time its “forces will continue the exter- The 19 Christian mination of Christian crusaders.” The four GIA hijackers seized the plane on the tarmac at Algiers airport on Cuba launches net martyrs of December 24, killing three of its more than 200 passengers and crew. After the on mobile phones Algeria plane landed at Marseille airport two days later, it was stormed by elite forces who killed the abductors and freed the HAVANA: Cubans will be able to access the ALGIERS: The 19 Roman Catholic cler- passengers. internet on their mobile phones from today, gy to be beatified as martyrs in Algeria state-run telecoms monopoly ETECSA said, on Saturday were assassinated between The monks of Tibhirine marking a milestone for what has long been one 1994 and 1996 amid a brutal war On the night of March 26 to 27, 1996, of the Western Hemisphere’s least connected between Islamic militants and govern- gunmen stormed the Notre Dame de countries. Nearly half of the Communist-run ment forces. Mostly French nationals, the l’Atlas monastery in Tibhirine, about 80 country’s 11.2 million residents have cellphones men and women were declared martyrs kilometers southwest of Algiers, and kid- although not all will be able to afford mobile by the Vatican in January 2018, since napped seven French Trappist monks. internet. In a news show broadcast late on they were murdered “in odium fidei”, or The GIA announced on May 23 it had Tuesday, ETECSA executives announced a range out of hatred for the faith. Here is a sum- slit their throats, blaming the French of packages valid for 30 days from 600 MB for mary of the killings. government’s refusal to negotiate with the equivalent of $7 dollars to 4 GB for $30. them. Algeria’s army said they found the Without a package, 100 MB will cost users $10. Four White Fathers heads of the victims on May 30; the The cost will be out of reach for many Cubans TIBEHIRINE, Algeria: Photo shows the graves of seven French Trappist monks at the On December 27, 1994 attackers bodies were never seen again. The as the average state wage is around $30 per Tibhirine monastery. — AFP armed with automatic rifles gunned Algerian government maintained the month, and many people rely on remittances down four missionaries at their rectory massacre was another crime by the from relatives abroad or side gigs to get by. “It at Tizi Ouzou, about 100 kilometers east Islamists. But this version came into al, was attacked after returning home Raymond, 67, were killed while they were was about time this became a possibility for of the capital Algiers. From the doubt after allegations from various wit- from a meeting with the then French for- helping young Algerians to prepare for Cubans too,” said Havana resident Joaquin Missionaries of Africa order-also known nesses that the army itself may have eign minister. He had publicly con- their examinations. The GIA claimed the Montiel, 58. “But for some, like me, it’s still a as the White Fathers-they were French been responsible, either through blunder demned atrocities attributed to Islamic killings. In October 1994 two Spanish remote one.” Montiel said he would not be able nationals Jean Chevillard, 69, Alain or to discredit the Islamists. The seven fundamentalists and his killing was Augustine nuns-Esther Paniagua Alonso, to afford a cellphone with 3G technology on his Dieulangard, 75, and Christian Chessel, were: Christian de Cherge, 59; Luc blamed on the GIA. The murder was met 45, and Caridad Alvarez Martin, 61 - wage of less than $20 per month as a salesman in 36, and Belgian Charles Deckers, 70. Dochier, 82; Paul Favre-Miville, 56; with outrage in Algeria and France, com- were shot dead en-route to prayers in a state company. Cuba has lagged far behind Two days later, the radical insurgent Christophe Lebreton, 45; Michel Fleury, ing only weeks after the kidnapping and the residential, working class Bab El- most countries in Web access, whether because Armed Islamic Group of Algeria (GIA) 51; Celestin Ringeard, 62; and Bruno murder of the monks of Tibhirine. Oued area. In September 1995 two more of a lack of cash, a long-running US trade embar- claimed responsibility, in rapid revenge Lemarchand, 66. nuns-Jeanne Littlejohn, 61, of Maltese go or concerns about the flow of information. for the December 26 killing of four of its Killed in Algiers nationality and Denise Leclerc, 65, from Until 2013, internet was largely only available men who had hijacked an Air France Bishop of Oran Two French nationals were gunned France-were shot dead returning from to the public at tourist hotels on the island. But plane and were shot dead by French Bishop Pierre Claverie, 58, was killed down in a library in the Casbah suburb of prayers in the capital’s poor Belcourt dis- the government has since made boosting con- forces. with his driver on August 1, 1996 when a Algiers in May 1994. Of the 19 clergy to trict. In November the same year French nectivity a priority, introducing cybercafes and The group, the most radical of the remote-controlled bomb exploded at his be beatified on Saturday, they were the nun Odette Prevost, 63, was killed in an outdoor Wi-Fi hotspots and slowly starting to insurgent organizations then at war with residence in Oran in western Algeria. first to lose their lives. Brother Henri attack in the Kouba district, a working hook up homes to the Web. —Reuters Algeria’s secular government, said at the Claverie, a dual French-Algerian nation- Verges, 63, and Sister Paul-Helene Saint- class area of central Algiers. — AFP Established 1961 7 International Thursday, December 6, 2018 Turkey seeks arrest of two Saudi crown prince’s allies
US senators mince no words after CIA chief briefing
ISTANBUL: A Turkish prosecutor has demanded “I have zero question in my mind that the crown that arrest warrants be issued against two Saudi prince directed the murder and was kept appraised of nationals close to Crown Prince Mohammed bin the situation all the way through it,” Senate Foreign Salman over the murder of journalist Jamal Relations Committee Chairman Bob Corker told Khashoggi, a Turkish source close to the investigation reporters after CIA director Gina Haspel briefed a said yesterday. Khashoggi, 59, was killed shortly after small group of senators. “If MBS were in front of a entering the Saudi consulate in Istanbul on October 2 jury, he’d be convicted in less than 30 minutes,” to obtain paperwork for his upcoming marriage. The Corker said, using the prince’s initials. Fellow chief prosecutor’s office in Istanbul filed an applica- Republican Senator Lindsey Graham, a Trump ally tion Tuesday to obtain the warrants for Ahmad Al- who has joined a growing collection of lawmakers Assiri and Saud Al-Qahtani, described in court docu- urging the president to take a far tougher stance ments as being “among the planners” of the murder of against Riyadh, also attended the hour-long closed- the Washington Post contributor Khashoggi. door briefing, and minced no words afterwards. Assiri often sat in during Prince Mohammed’s Graham said in withering criticism of an American closed-door meetings with visiting foreign dignitaries ally that, “there’s not a smoking gun but a smoking and Qahtani was a key saw.” The South Carolina counselor to the crown senator was directly repu- prince. Both were sacked diating comments by top after Riyadh admitted Trump administration offi- Khashoggi was killed in the There’s not a cials, including Defense Saudi consulate. According Secretary Jim Mattis, who to Turkey, a 15-member smoking gun but just last week said there Saudi team was sent to was “no smoking gun” Istanbul to kill Khashoggi. a smoking saw implicating the crown Turkish President Recep prince. Tayyip Erdogan has said US newspapers, includ- the order to kill Khashoggi ing The Wall Street Journal, came from the highest lev- have reported that the CIA WASHINGTON: Sen Lindsey Graham (R-SC) responds to questions from reporters following a closed briefing at the US els of the Saudi govern- has evidence that Prince Capitol by CIA Director Gina Haspel for Senate leaders on the killing of journalist Jamal Khashoggi. —AFP ment, but has insisted it was not King Salman. Riyadh Mohammed exchanged 11 messages with his close has since detained 21 people over the murder. Despite aide Saud Al-Qahtani, who allegedly oversaw the speculation that the powerful crown prince ordered murder, just before and after it took place. Some of has put the decades-long US-Saudi relationship at to leaders of Senate committees that focus on the hit, the kingdom has strongly denied he was the most important evidence may be an audio risk. After reports that the CIA concluded that the national security. involved. recording of the murder that Turkey said it has dis- crown prince ordered Khashoggi’s assassination in “I am now more convinced than I was before-and I tributed. Graham said that was not played in the Istanbul consulate on October 2, Trump warned was pretty convinced-that in fact the United States US senators blast Saudi Tuesday’s briefing. that US-Saudi ties and oil market stability were too must have a strong response to both the war in Meanwhile, two key US Republican senators said a The Saudi government went into damage control important to rock over the scandal. Yemen as well as the killing” of Khashoggi, Senate briefing by the CIA’s director only strengthened their mode, with a spokesperson for the Saudi Embassy, Under mounting pressure from lawmakers who Democrat Bob Menendez said. With many senators conviction that Saudi Arabia’s crown prince directed Fatimah Baeshen, saying the kingdom maintains its wanted action against Riyadh, Mattis and Secretary furious about being excluded from the briefing, the murder of journalist Jamal Khashoggi. The explo- “steadfast” commitment to the US-Saudi relationship of State Mike Pompeo told senators there was no Senate Minority Leader Chuck Schumer demanded sive new declarations by members of President and does “categorically reject” accusations linking direct evidence linking the crown prince to the mur- Haspel “brief the full Senate without delay.” The Donald Trump’s own party run counter to the White the prince to the killing. “At no time did HRH the der. Graham rejected their assessment outright, say- White House faced a rebuke last week when the House narrative downplaying possible links between Crown Prince correspond with any Saudi officials in ing “you have to be wilfully blind” not to conclude Senate voted to advance legislation that would end Crown Prince Mohammed bin Salman and the any government entity on harming Jamal Khashoggi, a that the murder was orchestrated by people under US support for the Saudi-led coalition fighting a war October killing of journalist and palace critic Saudi citizen,” she said on Twitter. Prince Mohammed’s command. Democrats provided in Yemen, which has been described as the world’s Khashoggi at the kingdom’s Istanbul consulate. Graham stressed that he believes the crown prince similar reactions after the briefing, which was given worst humanitarian crisis. —Agencies
News in brief US soldier gets 25 ‘Texas Seven’ member executed years in prison for WASHINGTON: Texas executed a man Tuesday who, along with six others known as the “Texas backing ISIS group Seven,” killed a police officer during a 2000 crime spree before being arrested thanks in part to the tele- LOS ANGELES: A US soldier based in Hawaii was vision program “America’s Most Wanted.” Joseph sentenced on Tuesday to 25 years in prison for Garcia, 47, was executed by lethal injection and pro- attempting to provide support to the Islamic State nounced dead at 6:43 pm local time (0043 GMT) in group also known as ISIS. Ikaika Erik Kang, 35, whose the death chamber in Huntsville. Sentenced to 50 sentence was part of a plea agreement, will also be years in prison for killing a friend during a fight, Garcia under at least 20 years of supervised release after he and six other inmates at the Connally high-security completes his prison term. “Kang swore to defend the prison in southern Texas participated in an infamous United States as a member of our military, but betrayed escape. The men attacked guards for their uniforms his country by swearing allegiance to ISIS and and forced another to open the door. — AFP attempting to provide it material support,” John Demers, assistant attorney general for national security, said in a statement. US indicts four suspects According to authorities, Kang, a sergeant in the US Army, became sympathetic to ISIS by at least early WASHINGTON: The US government announced 2016 and regularly watched propaganda videos pub- charges Tuesday against four men it said laundered lished online by the terror group while expressing a money and arranged tax avoidance schemes through desire to become a member. Prosecutors said he spoke the Panama firm at the center of the “Panama Papers” in detail about committing specific acts of violence scandal. The four were affiliated with Mossack including launching attacks at public gatherings such as Fonseca, the law firm that helped thousands of clients the Honolulu Christmas Parade and planning a suicide around the world move money offshore to protect it bombing at his army barracks. from taxes. Named in the 11-count indictment were In June and July of last year, he met with under- Ramses Owens, 50, Dirk Brauer, 54; Richard Gaffey, cover FBI agents posing as people with connections and Harald Joachim Von Der Goltz, 81. Owens is a to ISIS and provided them with sensitive material. He Panamanian attorney who worked for Mossack also supplied the agents with a small aerial drone and Fonseca. Brauer, a German national, was an investment military-style clothing and gear. On another occasion, manager for Mossfon Asset Management, which was he provided two undercover FBI employees-one pre- closely affiliated to Mossack Fonseca, the Justice tending to be a high-ranking ISIS leader and another Department said. —AFP an ISIS fighter-with a two-hour combat training ses- sion to hone their fighting and marksmanship skills. Kang was arrested after he swore allegiance to ISIS Police bust arms arsenal during a ceremony conducted by the purported ISIS leader. — AFP SOFIA: Bulgarian police have busted a huge illegal weapons arsenal in a garage in the capital Sofia, seiz- ing dozens of rifles, guns and pistols, the interior min- istry announced yesterday. Sixty-five Kalashnikov rifles, 37 Scorpion guns and 43 pistols were seized in the operation conducted by the police’s counter-ter- rorism unit over the weekend, the ministry’s anti- organized crime chief Ivaylo Spiridonov told a press conference. Police also found eight kilograms of highly explosive black powder, 14 rocket-propelled grenade launchers and tens of thousands of car- tridges, he added. — AFP
Ecuador vice president resigns
QUITO: Ecuador’s vice president has resigned over allegations by a former aide that she took kickbacks while serving as a lawmaker five years ago. Maria Alejandra Vicuna announced her resignation on Twitter, saying the South American country did not deserve the “instability” caused by the crisis. It came a day after President Lenin Moreno distanced him- self, suspending her from the post to allow her time to fight the allegations. In Ecuador, the vice president can only be sacked through an impeachment process in the national assembly, which last week called on her to resign. Vicuna has been in the post for just over a year. — AFP 8 Established 1961 International Thursday, December 6, 2018 French government signals more concessions to pacify protesters Macron under fire as ‘yellow vest’ protesters fume
PARIS: The French government signaled yesterday Macron, 40, made the issue one of his key campaign that it was prepared to make further concessions to pledges ahead of his election in May 2017, arguing that “yellow vest” protesters, even raising a possible roll- punitive taxes on the wealthy discouraged job creation back on a controversial move to cut taxes for high and led many entrepreneurs to leave France. Griveaux earners last year. President Emmanuel Macron faces a stressed that re-instating the ISF “is not on the table for crucial few days as he seeks an end to more than two now,” but Equality Minister Marlene Schiappa said she weeks of protests which degenerated on Saturday into would argue to bring it back unless the tax cut could be some of the worst violence in central Paris in decades. shown to be effective. “The government has been too The former investment banker was heckled by a crowd technocratic and took too long to respond” to the as he visited a burned out government building in Puy- protests, she told France 3 television Tuesday in a with- en-Velay in central France on ering assessment of the man- Tuesday night, just hours agement of the current politi- after a new opinion poll cal crisis. showed his approval rating at just 23 percent. Ex-investment U-turn on taxes The so-called “yellow On Tuesday, Prime Minister vest” protests began on banker Edouard Philippe announced November 17 in opposition to the first major U-turn of rising fuel taxes, but they heckled Macron’s presidency when he have since ballooned into a suspended for six months a broad challenge to Macron’s rise in fuel taxes scheduled for PARIS: A picture shows burned cars in a street of Paris after clashes during a protest of Yellow vests (Gilets pro-business agenda. One of January 1. Griveaux stressed jaunes) against rising oil prices and living costs.— AFP the frequent demands from that the tax hikes could be the protesters, who are mostly from rural or small-town scrapped permanently if no agreement was reached France, is a repeal of Macron’s move last year to cut the during consultations over the next six months. “We’re visibility jackets they wear, have said that Philippe’s ments. Farmers will also consider whether to mount a ISF “fortune tax” which was previously levied on high- not in politics to be right. We’re in politics so that rollback on fuel taxes is not enough and have called for day of demonstrations and possibly road blockades next earners. “If something isn’t working, we’re not dumb, things work out,” he said. A source in the prime minis- new protests in the capital on Saturday. week, the head of the FNSEA agricultural union said. we’ll change it,” government spokesman Benjamin ter’s office also told AFP that “the government has not Two truck driver unions have also called an indefinite Barricades at fuel depots are also causing shortages in Griveaux said on RTL radio yesterday morning, saying necessarily played all of its cards”, with further conces- sympathy strike to begin Sunday night, and the protests some areas of France, while Paris businesses are bracing the wealth tax would be evaluated between now and sions such as a further cut in residence taxes possible. have spread to dozens of schools nationwide as stu- for new clashes which could erupt between protesters late next year. Many “yellow vest” protesters, named after the high- dents denounce tougher university entrance require- and police on Saturday. — AFP ‘Badass’ national security women Powerful 7.5 quake off New offer Democrats Caledonia triggers tsunami Trump antidote NOUMEA: A powerful 7.5-magni- fallen significantly and there is no tude earthquake struck near New longer a major risk for the popula- HENRICO: Virginia Democrat Abigail Caledonia yesterday, triggering a tion,” said a spokesman for the civil Spanberger had a potent defense against tsunami alert and emergency evacua- defense department. “There have attacks by President Donald Trump and other tions across a swathe of the South been no injuries or damage,” he said. Republicans casting her party as weak on Pacific, but there were no reports of Almost three hours after the quake, national security: her career as a covert CIA serious damage or injuries. Authorities the Hawaii-based Pacific Tsunami counter-terrorism officer. In November’s elec- said the quake, followed by at least 20 Warning Center reported the threat tions, she was one of five Democratic women strong aftershocks, was centered stemming from the initial quake “has with national security or military backgrounds about 170 kilometers southeast of now passed”. Multiple aftershocks of who captured Republican-held US House of New Caledonia’s Loyalty Islands at a up to magnitude 6.6 hit the area in the Representatives seats. “The Badasses,” as the depth of just 10 kilometers. Island res- hours following the initial quake, women have dubbed themselves, had no polit- idents said the initial quake shook the according to the US Geological ical experience. Yet several won districts WASHINGTON: US Representative-elect Abigail Spanberger (D-VA) shows a scarf after an walls of buildings and in places turned Survey. The quake triggered emer- Republicans dominated for decades. office lottery for new members of Congress on Capitol Hill in Washington, DC. — AFP the sea foamy. gency warning systems in New For Democrats hoping to make additional Tsunami waves were recorded mov- Caledonia, where residents received inroads with Trump voters ahead of the 2020 ing out from the epicentre, prompting an urgent text message directing them US elections, the women offer a roadmap for Democrats’ best hope to take on Trump. “The ecutor, won a New Jersey district represent- people to flee to high ground. The to go to refuges immediately. connecting with a wide spectrum of the elec- top traits for Trump’s nightmare opponent ed by Republicans since the mid-1980s. Pacific Tsunami Warning Center initial- Basile Citre, a municipal official on torate - from a Democratic base clamoring would be a young, charismatic woman with a Elaine Luria, a former Navy officer, beat ly warned surges of up to three meters the Loyalty Island of Mare, said he had for change to conservatives drawn to their national security background,” said David Republican incumbent Scott Taylor, also a (10 feet) could be expected and shal- been in a meeting at the town hall national security credentials. Democrats Wasserman, a senior analyst at the nonparti- veteran, in southern Virginia. Chrissy low quakes of that magnitude can be when he felt a small tremor followed by already are planning to recruit more House san Cook Political Report. Houlahan, an engineer and former Air Force devastating. But the centre later a bigger shock. “The building shook, candidates with service backgrounds and will These candidates were the “secret sauce” officer, won her redrawn Pennsylvania district reported waves measured by its moni- but there was no damage,” he told AFP. begin raising money early next year, for Democrats in Republican-leaning areas after 15 years of Republican representation. tors around the region only reached “When the sirens sounded, the popula- Democratic Party sources said. this year, said Celinda Lake, a Democratic Voters were less inclined to believe claims about 72 centimeters on the island of tion headed for higher ground for safe- The women who were successful this year pollster whose firm has worked with leading that the women would support policies like Tanna, Vanuatu. Civil defense officials ty. For now, nothing serious has hap- will be important in the party’s efforts in 2020 party groups like the Democratic National open borders or back calls from some liberals in Noumea said tsunami waves hit pened.” A spokesman for the Vanuatu to keep control of the House, as well as win Committee. Spanberger will be the first to abolish the Immigration and Customs parts of the Loyalty Islands and the geohazards observatory said the back the Senate and White House by driving woman to represent her central Virginia dis- Enforcement agency, Lake said. “Democrats Isle of Pines, but caused no damage. sparsely populated island of Tanna was overall enthusiasm for the Democratic ticket, trict and the only Democrat since the 1970s. have a problem, not just in being perceived as “Reports from the area confirm expected to be most affected but no the sources said. While there is a question Elissa Slotkin, a former CIA analyst, returned liberal, but that liberal often ends up being that the strength of the tsunami has evacuations had been ordered. — AFP mark about whether a woman with national her Michigan district to Democratic control perceived as weak,” Lake said. “But you can’t security experience will end up on the presi- for the first time in nearly 20 years. Mikie run ‘weak’ against these women - they’re dential ticket, some see such a candidate as Sherrill, a former Navy pilot and federal pros- tougher than nails.” — Reuters
sidered “in neutral terms”-essentially, it US special prosecutor A different allows MPs to amend it. What impact could this have? Mueller recommends Brexit? British Former minister Oliver Letwin, who backed the Grieve amendment, said the lawmakers take priority was to avoid the potentially no jail time for Flynn calamitous situation of Britain leaving the EU with no deal. “It could be that at that WASHINGTON: Robert Mueller, the special prosecutor in charge of back control time there is somewhere across this the Russia election meddling probe, recommended Tuesday that House a majority in favor of some solution President Donald Trump’s former national security advisor Michael that would avoid us leaving without a Flynn face no jail time due to his “substantial” cooperation with the LONDON: British MPs have voted to deal,” he told the debate. MPs could in investigation. Mueller said in a court filing that Flynn, who admitted last give themselves a bigger say in what hap- theory table an amendment asking the year to lying about his contacts with Russians following Trump’s pens if, as expected, Prime Minister government to reopen negotiations with November 2016 election victory, had helped in his and other unspeci- Theresa May’s Brexit deal is rejected by the EU or demand a second referendum fied federal criminal investigations, including being interviewed 19 times. the House of Commons next week. Here is or seek to delay Brexit or perhaps even Mueller also told the Washington Federal court that despite his what happened and the possible impact it try to stop it altogether. Letwin said he could have on Britain’s withdrawal from “serious” offense, the retired three-star general and former Pentagon Gen Michael Flynn, former national security adviser to US President backed May’s deal but if that failed, sug- the European Union next March. intelligence chief had a strong record of military and public service. Donald Trump gested a Norway-style agreement, where The surprise recommendation came ahead of Flynn’s upcoming sen- Britain joins the European Economic Area tencing, which had been postponed four times over the past year. What happened? (EEA) - an option several Conservative Those postponements indicated that, once hostile to the investigation appeared to be trying to undermine the policy of then-President Barack During a procedural discussion at the MPs are pushing. that threatens Trump and his inner circle, he had possibly become a Obama by making separate political deals with Moscow. start of the debate on the Brexit deal on valuable witness. Additional federal criminal investigations - Obama at the time was Tuesday evening, a number of MPs from Can MPs stop Brexit? “Given the defendant’s substantial assistance and other considera- planning sanctions on Russia for its interference in the 2016 election. May’s Conservative party tabled an MPs are sharply divided over the vari- tions set forth below, a sentence at the low end of the guideline range - Flynn urged the Russians not to retaliate, suggesting Trump would amendment seeking to influence what hap- ous possible versions of Brexit, and both including a sentence that does not impose a term of incarceration - is reverse the sanctions. Within weeks, Flynn was forced to resign after pens if that deal is rejected in a vote on the Conservatives and Labor have com- appropriate and warranted,” Mueller said in a memorandum to the it was alleged that he also had lied to top White House officials about Tuesday next week. The amendment, mitted to leaving the EU. However, every- court. Flynn’s was the first guilty plea secured by the Mueller investiga- his Kislyak talks. Then in March 2018, in a second interview with the backed by former attorney general thing might change if May’s deal is taken tion into alleged collusion between Trump’s election campaign and FBI, Flynn lied about the fact that before and after the election, he Dominic Grieve among others but opposed off the table. Brexit supporters say any by the government, was passed in the Russia. His position as a top-level insider in the campaign, accompany- had a $530,000 lobbying contract on behalf of Turkey that he had direction the Commons gives the govern- House of Commons by 321 votes to 299. ing Trump to key events, making a keynote speech at the July 2016 not reported. ment would not be legally binding. Some Republican convention, and then taking hold of the White House nation- “At the time, the defendant was a national security advisor and sur- suspect dirty tricks, noting the What does it say? al security apparatus in Trump’s first weeks in office, made him a poten- rogate for the Trump campaign who opined publicly on foreign policy Conservative rebels who backed Grieve’s If the Brexit deal is rejected, the gov- tially extremely valuable witness. and national security issues,” the sentencing memorandum noted. amendment include some of May’s close ernment must return to the Commons But many thought his own problems had likely compromised that Despite the light sentence recommendation, the memorandum gave no allies. The amendment’s success rein- value. In an interview with investigators on January 24, 2017, four days within 21 days to make a statement on hint as to what Flynn had told the Mueller team about the operations of forces the prime minister’s previous after Trump’s inauguration, Flynn lied about conversations he had the what happens next. The Grieve amend- the Trump campaign and its Russia ties. Mueller has identified numerous warnings to eurosceptics that if they previous December with Russia’s ambassador to the US, Sergei Kislyak. ment removes the requirement that any contacts, including efforts by Trump aides during 2016 to set up a meet- reject her deal, they risk having no Brexit In those conversations, apparently recorded by US intelligence, Flynn motion arising from this statement be con- ing between him and Russian President Vladimir Putin. —AFP altogether. — AFP 9 International Thursday, December 6, 2018 Growing split in Seoul over N Korea threatens Korea detente, nuke talks Unification Minister faces pressure from both S Korea, US SEOUL: When Seoul was preparing to open a liaison office been difficult, and there’s North Korea’s duplicity. It’s a Washington and Pyongyang blame each other for the falter- Blue House and even inside the Unification Ministry amid in the North Korean city of Kaesong this summer after a dilemma we face, or our fate,” the official said, asking not to ing nuclear talks. concerns he worried too much about US views. “What the decade of virtually no contact with its longtime enemy, South be named because of the sensitivity of the issue. US officials insist punishing sanctions must remain until president would want from him as the unification minister is Korean officials had heated debates over whether they North Korea completely denuclearizes. North Korea says it to come up with bold ideas to make his pet initiatives hap- should seek approval from Washington. Some top aides to Negotiator or roadblock? has already made concessions by dismantling key facilities pen,” the source said. During three summits this year, Moon President Moon Jae-in stressed it was an issue for the two The previously unreported debate among Moon’s top and Washington must reciprocate by easing sanctions and and Kim agreed to re-link railways and roads, and when Koreas alone and there was no need to involve their US ally, officials illustrates a growing divide within South Korea over declaring an end to the 1950-53 Korean War. “Unlike other conditions are met, restart the joint factory park in Kaesong two people with knowledge of the situation told Reuters. But how to progress relations with the North while keeping advisers, Minister Cho has balanced his staunch desire for and tours to the North’s Mount Kumgang resort that have to the surprise of several officials at the meeting, Unification Washington on side. Some cor- peace with an understanding of been suspended for years. Minister Cho Myoung-gyon argued Washington must be ners of the administration argue the importance of retaining a None of those plans have made much headway, either consulted because Seoul’s plans might run afoul of sanctions Seoul can’t afford to be seen strong South Korea-US align- because sanctions ban them outright, or as in the case of imposed on North Korea over its nuclear weapons program. veering from the US-led sanc- ment,” said Patrick Cronin of the Kaesong, Seoul took time to convince skeptical US officials Two dozen countries including the Britain, Germany and tions and pressure campaign Division within Centre for a New American that cross-border projects wouldn’t undermine sanctions. Sweden already have embassies in Pyongyang, and other until Pyongyang gives up its risks discord Security, an Asia expert in close North Korea itself has been an unpredictable partner. officials saw the proposed liaison office as a far lower-level nuclear weapons program, while touch with both US and South Discussions through the Kaesong office have been few and of contact with the North. And they certainly did not expect others feel closer inter-Korean between US Korean officials. far between, with Pyongyang’s negotiators often failing to Cho to be a leading advocate of strict enforcement of sanc- ties can help expedite the stalled show up for scheduled weekly meetings without notice, tions. Cho was Moon’s personal choice to head the ministry, diplomatic process, several offi- and S Korea Mounting frustration Unification Ministry officials say. whose prime mission is to foster reconciliation, cooperation cials close to the situation say. “Some alliance discord is Even so, the Kaesong move has caused tensions with and eventual reunification with the North. Cho, whose 30 “If the internal rift leads to inevitable and not worrisome. Washington. US officials told Seoul that South Korea’s year public service history has been inextricably linked to moving too quickly with the What would be worrisome explanations on the Kaesong office were not “satisfactory,” reunification, was even sacked from the ministry in 2008 North without sufficient US con- would be a clear rupture in the South’s Foreign Minister Kang Kyung-wha told a parlia- over his “dovish” stance toward Pyongyang. sultations, it could pose a setback to not only the nuclear South Korea-US approaches for managing North Korea.” mentary hearing in August. Washington was also caught off At the suggestion of Cho and senior diplomats, Seoul ulti- talks but also the alliance and inter-Korean relations,” said The presidential Blue House declined to comment, but Moon guard when a group of businessmen who used to operate mately sought US consent before opening the office in Shin Beom-chul, a senior fellow at the Asan Institute for told reporters on Monday the view that there was discord factories in the now-closed Kaesong industrial park were September, one of the sources said. All the sources spoke to Policy Studies in Seoul. After the inter-Korean thaw gave between South Korea and the United States was “ground- invited for the opening ceremony of the office, a diplomatic condition of anonymity due to sensitivity of the matter. Cho way to reconciliation efforts between North Korean leader less” because there is no difference in the two countries’ source in Seoul said. The allies launched a working group declined to comment for this article, but a senior official at Kim Jong Un and US President Donald Trump earlier this positions on the North’s denuclearization. last month led by their nuclear envoys to coordinate North the Unification Ministry said it was aware of criticisms of year, Trump asked Moon to be “chief negotiator” between A third source familiar with the presidential office’s think- Korean policy. It was borne out of US desire to “keep inter- Cho. “Inter-Korean ties are unique in their nature, but it’s the two. That task has become increasingly difficult as ing said there was mounting frustration with Cho within the Korean relations in check,” the source said. —Reuters British middleman held in India over Cameras, drones: helicopter deal Rio de Janeiro to NEW DELHI: The alleged British middleman in a dicey helicop- ter deal between India and an Anglo-Italian firm was remanded in custody yesterday after being extradited by the UAE, author- put electronic ities said. Christian Michel James is accused of arranging kick- backs to Indian officials to secure a deal for AgustaWestland to supply New Delhi with 12 helicopters for 556 million euros eyes on crime ($630 million) in 2010. Brought in from the United Arab Emirates late Tuesday, James appeared in a Delhi court amid RIO DE JANEIRO: Rio de Janeiro state is moving ahead with tight security. He will remain in police custody initially for five plans to deploy security cameras and drones to help fight days and be allowed to meet his lawyer for one hour twice a day crime, according to its next governor, a far-right politician loyal during this period, lawyers said. to president-elect Jair Bolsonaro. A tender to install 30,000 Italian prosecutors suspect illegal sweeteners worth about 10 cameras will be launched soon, Wilson Witzel, who takes up the percent of the contract, or some 55 million euros, were paid out in bribes. India cancelled the deal in January 2014. James, who in governorship of the southeast Brazilian state in January, told a previous interviews with Indian newspapers denied any wrong- media conference late Monday. “Security is our priority,” he doing, was detained in Dubai in February 2017 following an said. On Tuesday Witzel traveled to Israel to view drones that Indian arrest warrant and an Interpol notice. Indian Prime could be used to monitor armed drug gangs. Minister Narendra Modi’s Bharatiya Janata Party (BJP) has O Globo, a Brazilian news outlet, said it understood the sought to capitalize politically on the scandal as the contract was NEW DELHI: British national Christian Michel James (center), the alleged middleman in a deal between drones included combat versions capable of firing weapons, signed under the previous government of the Congress party. India and Anglo-Italian helicopter firm AgustaWestland, is pictured in a vehicle while leaving a district which could be used for targeting gang members in hard-to- Addressing a rally in the northwestern state of Rajasthan yes- court in New Delhi yesterday, following his extradition from the United Arab Emirates. —AFP access favelas, or high-density slums. The governor-elect was terday, Modi said: “We have brought back the middleman. He will also reportedly to inspect Israeli-made cameras with face- spill the beans.” The BJP said on Tuesday that the case could spell reported. The Congress party had earlier alleged that the BJP gov- from any charges. In Italy, the former head of AgustaWestland and recognition. Witzel’s communications teams did not confirm “serious trouble” for the “first family” of Congress, referring to the ernment managed to force James to sign a false confession naming of parent company Finmeccanica were given jail sentences in 2014 details of the Israel visit when contacted by AFP. It said the party’s long-powerful Nehru-Gandhi dynasty, Indian media its former party chief Sonia Gandhi in exchange of exoneration over the scandal but they were later acquitted. —AFP “diverse activities” on his trip included “learning about drone technology.” Witzel won Rio de Janeiro state’s gubernatorial election on October 28 with 60 percent of the vote. He benefit- with HIV, a regional official said yesterday. The virus is usually than 1,000 people who live in the drought-affected region and ed from a far-right wave that swept Bolsonaro to the presidency. India drains lake transmitted through sexual intercourse, infected blood and from earn their livelihoods by farming. Like Bolsonaro, the former federal judge has vowed a an infected mother to the baby in her womb or through breast- The drainage operation has run for the last four days and crackdown on crime that plagues Brazilian streets. Rio de feeding, but the villagers’ alarm at the discovery a week ago fresh water from a nearby canal is to be used to replenish the Janeiro state last year recorded more than 5,300 murders. after discovery of drove the demand for the lake to be drained, the official added. lake over the next four to five days, Hullur added. He did not pro- Shortly after his election, Witzel stirred controversy by saying “We tried our best to assure the villagers that we would get vide additional details. It was not immediately clear what the he intended to authorize police snipers to kills armed criminals the water tested, but they did not budge and even refused to cost of the drainage operation is. Public health officials in the even if they presented no threat to officers. In his media confer- HIV-infected body come near the lake,” said Naveen Hullur, who is in charge of the region did not immediately respond to telephone calls and email ence Monday, Witzel said he would invest heavily in security, area. The lake near the village of Morab in Karnataka, about 440 messages from Reuters to seek comment. The HIV virus which NEW DELHI: Indian authorities are pumping water out of a regardless of the parlous finances of Rio de Janeiro state, which km (273 miles) from the state’s capital of Bengaluru, covers 32 causes AIDS is not spread in air, water or in food, or by sharing sprawling southern lake to assuage villagers’ fears it was con- has been on the verge of bankruptcy for several years. —AFP acres (13 hectares). It is a key source of drinking water for more cups, bowls, cutlery, clothing, or toilet seats. —Reuters taminated after the discovery of the body of a woman infected 10 Established 1961
Thursday, December 6, 2018 Analysis
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Power of Mexico’s populist president f you really want to understand contemporary Mexico, skip “Narcos” and watch the series “Un Extrano Enemigo” Iinstead. The drama about the horrifying crackdown on the student movement on the eve of the 1968 Mexico City Olympics captures the essence of one-party authoritarianism under the long-ruling PRI, the Institutional Revolutionary Party. Its characters are the commander of internal security forces, student protest leaders, the slithery CIA station chief, then- president Gustavo Diaz Ordaz, and the cabinet members jock- eying to succeed him. But at heart, the protagonist of “Enemigo” is the unvarnished, omnipotent power radiating from the presidency. “Enemigo” may seem like an odd introduction to the era of Andres Manuel Lopez Obrador (known as AMLO), the pop- ulist Mexican president sworn into office on Saturday to suc- ceed PRI president Enrique Pena Nieto. AMLO says he is assuming power to represent Mexico’s powerless, the millions left behind by the nation’s fitful modernization. And one of the Caught in storm: Cargo ship and tons of grain central paradoxes of populism, even in its well-intentioned ver- sion, is that it takes an awful lot of power and force to vindicate the interests of the powerless against entrenched elites. AMLO hen the Island Bay cargo ship frustration was beginning to show. The port Dmitry Sologub said. But for the southeast- is determined to reconstitute the awesome power of the presi- arrived from Beirut at the Kerch “It is acceptable weather for transit. Some Ukrainian politicians have accused ern Zaporozhye region, home to 1.8 million dency, not to crack down on the disaffected left as Diaz Ordaz WStrait, gateway to the Azov Sea, it Coast guards have own opinion,” his log, Moscow of trying to strangle Ukraine’s people, it is critical. At the government Port did, but to champion it. sailed into a perfect storm of geopolitics seen by Reuters, said. That day, he report- Azov Sea ports in preparation for an inva- Authority in Berdyansk, officials said they Mexico opened up to the outside world a generation ago, and bad weather. The following day, Russia ed seeing just two ships cross into the sion from the east, following on from feared for the port’s future as clients look to the generation between the period depicted in “Un Extrano opened fire on three Ukrainian naval ships, Azov Sea. Ukraine says the hiatus is one of Crimea’s annexation and the subsequent other locations with direct access to the Enemigo” (“An Unknown Enemy”) and the current moment, impounded them and detained their sailors, many since the Russian spot-checks breakaway of Russian-speaking eastern Black Sea. “Of course we would prefer (to embracing free trade and an electoral democracy. The results some of them wounded. It then blocked the began in May, when Russia opened the Ukraine. Moscow says that idea is a fantasy use other ports),” said Erdem Sekreter, fleet were positive for Mexico’s educated elite, and for the consider- strait by putting a tanker underneath a new Kerch bridge, interrupting exports of grain dreamt up by Ukraine’s pro-Western lead- manager at Turkey’s Bayraktar shipping able number of families who joined the global middle class and bridge it has built linking the Russian main- and steel and imports of coal. Moscow ers ahead of elections next year. It says it group, which has two ships waiting to cross turned the country into a massive buyer of US goods. Voters land to the Crimean peninsula it annexed denies any disruption. has the right to patrol the strait. But the Kerch Strait to reach the Ukrainian invested in the steady development of this more globalized from Ukraine in 2014. While the world Berdyansk’s businesses say the patrols tar- coast. “It is getting more expensive for ship- Mexico turned down AMLO’s retro vision of a more statist, digested the implications of the Nov 25 The stevedores get ships bound for Ukraine, causing dam- owners to go to the Azov Sea - the self-contained Mexico in the 2006 and 2012 elections. incident, the most explosive clash in recent In Berdyansk’s port, where icy winds had aging delays. Ukrainian side of course,” he added. “We He finally won on his third try in July, an unexpectedly years, Russia said it had reopened the chan- recently ripped off the roof of a nearby The recent escalation in tensions has not are paying out of our pocket now.” resounding, mandate-conferring triumph, as a result of previ- nel to the Azov Sea, which is shared by shed, staff of stevedore company Ascet affected ships coming to pick up grain from ous governments’ failure to broaden and deepen development, Russia and Ukraine. Shipping were reading the daily reports the Russian side of the Azov Sea, according Farmers and traders not only to lift more Mexicans out of poverty, but to temper But Island Bay remained at anchor out- from the Island Bay with growing concern. to Sergei Filipov, director of trading firm Bison Group owns 40,000 hectares of rampant corruption and establish peace and the rule of law in side the strait, lashed by gale force winds Ascet loads almost a million tonnes of QAM7 Dubai, which has operations there. arable land in Zaporozhye region and the parts of the country rendered ungovernable by violence and sleet, its hull icing over while cargo Ukrainian grain a year onto cargo ships in He said inspections have delayed travel by exports much of its harvest via Berdyansk. and insecurity. The gap between the country’s First World ships amassed on either side. On Monday, a Berdyansk and was waiting to load the the usual two or three days. On its eleventh With ship-owners raising freight charges to modernity and connectivity in some parts of its economy, and week on, the captain reported seeing 20 Island Bay; its size means each day of wait- day at anchor in Kerch Strait, with skies factor in the new risks in the Azov Sea, the its Third World inequality and governance in too many areas, vessels awaiting clearance to cross. Refinitiv ing time costs around $2,000-$2,500, finally clear, Island Bay reported to costs will be passed down to grain produc- had become too glaring, too unsustainable. And so plenty of data that day also showed 20 Ukraine- Ascet’s chief executive, Denis Rusin, said. Berdyansk: “We called everywhere to make ers, Bison deputy director Igor Serov said. centrist independent-minded voters decided to roll the dice on bound vessels held up at the strait since This has made Berdyansk an unpopular port guards (come and) inspect the vessel, but “It hits agricultural producers really hard.” the populist candidate clamoring for the interests of “the peo- Nov 25, with two others allowed through. in recent months. their intentions cannot be explained.” Prices will have to go down by at least $10 ple” all these years, figuring that he might close the gap with- Meanwhile, Island Bay’s cargo of 5,500 “Ship owners do not want to go to The situation has sent Rusin racing to per tonne, a trader at Atria Brokers, which out necessarily being able to reverse Mexico’s decades-long tonnes of wheat, destined for flour mills in Berdyansk,” said Rusin, whose clients further revise down his business forecasts. handles Berdyansk grain, said. opening to the outside world. Libya, waited in the Ukrainian port of include US firm Cargill, one of the world’s Climbing out onto the windswept roof of his But producers may not have other These voters might be proven wrong. As AMLO said in his Berdyansk. largest dry bulk and tank shipping compa- office on Friday, he pointed to a single truck options. The railway infrastructure is not inaugural address in the Mexican Congress, his will be a “pro- The saga of the ship is a window on the nies. “Buyers are refusing to bet on pas- of grain where multiple trucks used to line in place to send exports via Black Sea found and radical transformation” of Mexico. By winning sub- leverage Moscow has over Ukraine’s Azov sage.” Since Russia and Ukraine clashed in up along the dock. “We had expected to ports instead, Serov said, and transferring stantial majorities in both chambers of Congress and in a seaboard, affecting dock workers, port the strait, Ukraine has introduced martial load around 150,000 tonnes over the next grain by truck to Odessa, for example, majority of state legislatures for his “Morena” movement, operators, brokers and farmers who law in 10 regions, including the Azov Sea three months... Maybe 200,000,” he said. would cost an extra $40 per tonne. AMLO will preside in a manner more reminiscent of Classic depend on the route. Russia, whose coast coast - highlighting the risks of doing Now the company is preparing for anything Buyers are also pulling back, afraid of the PRI all-powerful rulers than more recent presidents, pursuing guards began inspecting traffic in the business with Berdyansk. “For us this was between 50,000 tonnes and no business at risks. “Our sales have fallen,” the Atria what he immodestly has coined the country’s “Fourth Kerch Strait eight months ago, blamed the worst week in recent years,” Rusin all, he said. “This was a change of plan that trader said. “It has affected us in a funda- Transformation” (the third, if you’re wondering, was the revolu- inclement weather for the delay. But on said. “Clients have stopped considering happened this week.” mental way.” Every day Island Bay’s car- tion of 1910). Sunday, when the skies cleared, just a the possibility of signing contracts for The Azov Sea grain supply chain makes go sits in port, it racks up costs for In a speech at the “AMLOfest” in Mexico City’s iconic handful of ships passed through; by delivery in January, let alone February or up just 2 to 3 percent of Ukraine’s agricul- traders. Grain can spoil, and storage costs Zocalo (the city’s main square) that followed his swearing-in, Monday evening, the Island Bay’s captain’s spring,” he said. tural exports, deputy central bank chief are steep. —Reuters the new president went through a mind-numbing recitation of 100 campaign promises that he will now act upon (#42, no tions is not a particularly French tradition,” he blasting out tweets calling the probe an “ille- government official will be able to close down streets, ignore Street protests, a said. “But it’s true that France has a tradition of Phantom-like gal witch hunt.” red lights, or park illegally!). Many of his more popular pledges collective mobilization which has given rise to a have been about cracking down on the corruption, impunity sentiment that ‘the state must listen to us, one Invisible star and privilege of those AMLO decries as the “power mafias.” French tradition way or another’.” When he came to power in Mueller holds It’s an extreme makeover for the 74-year- He is abolishing pensions for ex-presidents, selling the May 2017, Macron vowed that protests would old former Marine, who was a public prosecu- presidential Boeing 787, reassigning the commander-in-chief’s not blow him off course in his bid to dynamize tor battling the mafia and Russian spies before security detail, refusing to live in the presidential mansion, and par excellence the French economy and attract investment. Washington taking the lead of the Federal Bureau of cutting the pay of some senior federal employees. The popular- Mass demonstrations plagued the five-year Investigation just one week in advance of the ity of this ostentatious austerity is understandable, but it also ince the Revolution more than two cen- term of his Socialist predecessor Francois spellbound devastating Sept 11, 2001 terror attacks. represents an assertion of power, a move to transcend estab- turies ago, burning barricades and street Hollande, who was forced by protests to aban- Director of the FBI for 12 years, he was a very lished institutional norms and practices and make clear who Sprotests have been a feature of French don a so-called “eco tax” on heavy goods vehi- e hovers over Washington’s seething public figure, respected but hardly beloved. gets to set the rules. political life - and experts say President cles. But the French penchant for refusing to take political swamp like The Phantom. No Now, he is the invisible star of Washington. Yet Emmanuel Macron has had his first taste of their government policy lying down has far deeper one ever sees Robert Mueller, the special he is barely known by the people that cheer ‘Consulta popular’ power. Jogging through one of the poshest dis- H roots. Published four years after the Revolution counsel leading the Russia collusion investiga- and fear him. Gaunt and stately, he has only AMLO’s most decisive act during the transition was to sig- tricts of Paris last weekend, 33-year-old Belgian erupted, the 1793 constitution safeguarded a tion; he never speaks. But he’s constantly pres- been spotted in public a handful of times this nal to the nation’s globalized elite that they’d be grounded until Augustin Terlinden suddenly found himself face- “right to insurrection” against any government ent, showing his hand through a trickle of court year, reported and heavily forwarded on social certain things changed in the country. The president-elect in to-face with a car going up in flames. “Evidently that was not listening to the people. While that filings, each one stoking speculation through media: alone, with no security, crossing a October scrapped plans for a new $13 billion international air- the revolutionary tradition is still very much alive constitution is long gone, “the idea is still there,” the halls of government, in offices and bar- Washington street; dining in a low-key restau- port outside Mexico City, never mind the fact that construction in France,” he said with a smile. Pigenet said. rooms, and over dinner tables: What does he rant; getting help at the Georgetown Apple had begun back in 2015, contracts had been signed, commit- Some 200 cars were torched and more than have on Donald Trump? store with his wife of 52 years, Anne Standish. ments made, and experts insisted it was needed. AMLO had 400 people arrested during the “yellow vest” Protests ‘get results’ Eighteen months into his investigation, “Even special counsel needs occasional IT railed against the project as candidate and his dislike for it was demonstrations on Saturday, the worst clashes in Olivier Cahn, a professor at the University of Mueller has the US capital spellbound. He support,” tweeted communications consultant ratified by an impromptu “consulta popular”, an informal pop- the capital in decades. “Paris is burning,” read Tours, said the tradition has taken root because threw tantalizing new bait to Russia-gate Meghan Pianta, who snapped a photo of the up referendum he organized to allow “the people” to weigh in. headlines in the international press. What started protests “often get results” in France. After the adepts late Tuesday when he recommended couple with one of the Apple techies. In July, That move, and AMLO’s admonition that such consultas in mid-November as road blockades over fuel momentous May 1968 protests which rocked to a court that Trump’s former national secu- he was also spied in Washington National displacing technocratic governance will become the new nor- taxes has spiralled into violent protests against French society - and left several dead - the gov- rity advisor Michael Flynn, who had lied to Airport waiting for a flight, unwittingly just feet mal (including the alarming promise of a biennial vote for peo- Macron, seen by demonstrators as out of touch ernment raised the minimum wage by a third. In investigators about his own Russia contacts, away from Donald Trump Jr., the president’s ple to weigh in on whether he should stay in office), triggered a with ordinary people. 1986, reforms denounced by critics as introduc- be let off without any jail time. While Flynn son who is believed to be a target of the inves- decline in the Mexican stock market and in the value of the On Tuesday, in a bid to quell the demonstra- ing selective university education were axed was guilty of a “serious” offense, Mueller said tigation. Mueller lives in a gated community in peso. But on Sunday, a day after the inaugural euphoria, tions, his government announced the fuel tax after the death of a student. And in 2006, violent in a court filing, he had fully cooperated with Northern Virginia, and arrives at and leaves reports surfaced that the government would proceed for now hikes would be suspended for six months. It was protests prompted the government to scrap a investigators in multiple cases, and submitted work at a non-descript office building in with the new airport’s financing and work until it had a better an unprecedented U-turn from a president who new type of job contract, which was intended to to interviews 19 times. southwest Washington unseen through the handle on the legal consequences of pulling the plug. previously vowed he would not be swayed. make hiring easier but was seen by critics as What Flynn told them, though, Mueller parking garage. AMLO is also establishing an office of federal “super dele- Abroad, some observers have been tempted to increasing economic insecurity. wasn’t saying. It all adds to a mystique about He doesn’t visit the White House to talk gate” in each state to coordinate federal spending, alarming see in the protests confirmation that rebellion is On the other hand, top-down protests the veteran prosecutor, who is depicted in fan with Trump’s lawyers; they go to him. Mostly, remaining non-Morena governors who see in this a usurpation something that simply runs in French blood. organized by trade unions have often fizzled in memes as a Star Wars Jedi or a character his two dozen seasoned investigators and of their sovereignty. After flirting with the idea of an amnesty for Swiss newspaper Le Temps described France, recent years, like the mass demonstrations in from Game of Thrones. “Mueller is coming,” prosecutors do the public work, making court drug traffickers during his campaign, AMLO shocked his own which executed its king in an ultimate act of anti- 2016 which failed to kill off labor reforms. “There they warn ominously. Liberals see Mueller as appearances and filings, and likewise letting base after the election by proposing a new National Guard to elitism in 1793, as a “country which has always is a growing movement which wants more vio- a warrior against injustice, and are whipped documents speak for them. Few know what take on the fight (subject to an upcoming consulta, of course). given in to temptations of violence”. lent methods than those led by the unions, which up by every court document containing a tid- Mueller is like in person. Is he the brusque Conversely, after spending much of his campaign promising to are considered a bit humdrum,” said Erik Neveu, bit that potentially links the president to a taskmaster who demanded results in the 9/11 make the ruling “power mafias” accountable for their past cor- ‘The state must listen’ a sociologist at the Sciences Po Rennes universi- crime. Republicans are afraid to even imagine investigation barely 24 hours after it took ruption, AMLO is now saying he isn’t inclined to prioritize such But Michel Pigenet, a historian at the Paris 1 ty. That may help explain why public support for what damage their party faces from the out- place? Or the quiet, patient but determined prosecutions, for the sake of national unity. —Reuters university who specializes in social movements, the “yellow vests” has remained fairly high come of the probe. Trump, meanwhile, seems chess-player that the Russia collusion investi- insists otherwise. “Violence during demonstra- despite its increasing violence. —AFP more on edge with each new court filing, gation’s steady march suggests? —AFP Established 1961
THURSDAY, DECEMBER 6, 2018 Business
Global growth concerns weigh Microsoft demonstrates the Ooredoo wins a total of 18 awards at 12on markets; Fed rate hike soon 13 power of ‘AI for government’ 14 Stevie International Business Awards
VIENNA: In this file photo, OPEC ministers attend the informal meeting of the Organization of the Petroleum Exporting Countries (OPEC) on the eve of the 173rd OPEC Conference in Vienna. —AFP Saudis to persuade Russia to join oil cuts Moscow resists deep cuts, Riyadh under pressure from Trump not to cut
VIENNA: Saudi Arabia sought to persuade Russia yester- “It is not easy but we will always work together with our the Saudi consulate in Istanbul in October. Trump has day to cut oil production substantially with OPEC next year colleagues,” United Arab Emirates Energy Minister Suhail backed Saudi Crown Prince Mohammed bin Salman despite in an attempt to arrest a decline in the price of crude and bin Mohammed Al-Mazroui told reporters in Vienna when calls from many US politicians to impose stiff sanctions on prevent another global glut. asked about Russia’s position. A source close to the Russian Riyadh. OPEC meets today in Vienna, followed by talks with Energy Ministry said: “No one is eager to cut unless there is “How can the Saudis cut substantially if Trump doesn’t allies such as Russia tomorrow. The producer group’s de an emergency. It is the United States where we are seeing want a big cut?” said Gary Ross, chief executive of US- facto leader, Saudi Arabia, has indicated a need for steep the bulk of the increase in oil output. OPEC and Russia will based Black Gold Investors and a veteran OPEC watcher. reductions in output from January but has come under be very careful about voluntary ‘blood-letting’.” Russia, “Trump is worried about the Fed and inflation. So he wants pressure from US President Donald Trump to push oil Saudi Arabia and the United States have been vying for the low prices now. Also if Saudis are obnoxious with a deep prices even lower. Russian Energy Minister Alexander position of top crude producer in recent years. The United output cut, it will spur the Democrats in Congress to go Novak told reporters he had held a “good” meeting with his States is not part of any output-limiting initiative due to its more actively for the Nopec legislation and the withdrawal Saudi counterpart Khalid Al-Falih yesterday and that they strict anti-trust legislation and fragmented oil industry. of US support for the Saudi-backed forces in the war in would have more talks. Saudi Arabia has indicated it wants Yemen,” Ross said. the Organization of the Petroleum Exporting Countries and Trump raises pressure The Nopec legislation being discussed by US lawmakers its allies to cut output by at least 1.3 million barrels per day, Oil prices have fallen by almost a third since October to could make it possible to sue Saudi Arabia and other OPEC or 1.3 percent of global production. around $61 per barrel after Saudi Arabia raised production members for price fixing. Riyadh wants Moscow to contribute at least 250,000- to compensate for a drop in Iranian oil exports due to fresh Bob McNally, president of US-based Rapidan Energy 300,000 bpd to the cut but Russia insists the amount US sanctions. Washington also gave sanctions waivers to Group, said OPEC was stuck between a rock and a hard Saudi Energy Minister Khaled Al-Falih should be only half of that, OPEC and non-OPEC sources some buyers of Iranian crude, further raising fears of an oil place given pressure from Trump on one hand and the need said. Oman’s oil minister said he believed OPEC and its glut next year. Possibly complicating any OPEC decision is for higher revenues on the other. “We think OPEC will try to cut but will effectively mean a cut, which will also be diffi- allies would reach a deal this week to cut oil production. the crisis around the killing of journalist Jamal Khashoggi at come up with a fuzzy production cut ... It won’t be called a cult to quantify,” McNally said. —Reuters
detente was broken yesterday as China’s foreign ministry China vows quick lashed out at criticism from US Secretary of State Mike from the past, got creative, and c hanged for the better,” Pompeo. Pompeo’s remarks “go contrary to the spirit of the Lagarde urges US, she said in a lecture at the US Library of Congress. consensus between our two leaders,” foreign ministry “None of this would have been possible without the trade moves spokesman Geng Shuang told reporters. United States. This country challenged the international Noting the applause at the end of Xi-Trump summit, others to reject economic order when it needed challenging. It forged as US sends Geng asked: “I don’t know why people clapping at that time compromise when compromise was necessary.” now mean by saying this type of thing, what are their inten- ‘dystopian’ path And it was in the US interest to take a leading role tions?” Pompeo said in Brussels on Tuesday the US could because “a stronger and more stable world paid divi- abandon some international agreements to thwart bad actors WASHINGTON: Countries that go it alone and fail to dends for the US,” she said. “This success did not come at mixed signals like China, which he accused of cynically exploiting World adapt to new economic realities could face a “dystopian” the expense of other nations,” Lagarde said. “On the con- Trade Organization rules. BEIJING: China vowed yesterday to move swiftly to strike a future where an angry majority is left behind, IMF chief trary. This country’s collaborative leadership paved the trade consensus with the United States, even as mixed sig- Christine Lagarde warned Tuesday. way not only for decades of opportunity here in America, nals on the detente from self-described “Tariff Man” Donald ‘REAL deal’ Adding to the confusion, Trump indicated on Tuesday She urged world leaders to remember the lesson of the but also for growth that spread across the world.” Trump’s administration upset global markets. Trump sowed That contrasts sharply with Trump’s “America First” more confusion as he opened the door to lengthier negotia- that the trade talks could go beyond the March 1 deadline. global recession that followed the 2008 financial crisis: rhetoric and his view of trade as a zero-sum game in tions with China, suggesting that they could extend beyond a “The negotiations with China have already started. Unless “International cooperation is essential, not optional.” The 90-day deadline to reach a deal to avoid a massive tariff extended, they will end 90 days from the date of our won- managing director of the Washington-based global crisis which imports equate to countries taking money out of increase. But the Chinese commerce ministry said negotia- derful and very warm dinner with President Xi in Argentina,” lender issued yet another plea to governments, notably the country. tors will “actively push forward negotiations within 90 days Trump tweeted. But the US leader kept up the threats as he the United States, to back away from protectionism and in accordance with a clear timetable and roadmap”-marking warned that he was ready to make China “pay for the privi- confrontation. Anger and anxiety Beijing’s first public acknowledgement of the deadline lege” of selling in the US market if the negotiations fail. While At a time when US President Donald Trump is Policies like that could lead to an “age of anger,” where announced by the US at the weekend. he said he would “happily sign” a fair deal that addresses US engaged in global trade conflict that the IMF says puts inequality soars and millions are left behind, Lagarde The ministry lauded Trump’s talks with President Xi concerns, he warned: “remember, I am a Tariff Man.” world economic growth at risk, Lagarde said she is cautioned. Much of the anger erupting worldwide and the Jinping at the weekend as “successful” and said it was “con- The change in tone and the increased confusion over pleased by the “significant progress” over the weekend economic anxiety “is a legacy of the crisis,” she said in fident” their agreement would be implemented. The ministry what was achieved at the meeting contributed to a sharp to defuse the US-China trade dispute. But asked about response to a question. vowed to start implementing “specific matters” that were decline in the US stock market, which plunged on Tuesday, the sharp decline in US stock markets-which fell more In Britain, it was channeled into fear of foreigners and agreed-saying “the sooner the better”-but did not provide driven lower by trade worries and fears for future US eco- than three percent due to concerns over the trade war led to Brexit, but she said there is “more regret in the UK any details. Trump and Xi agreed on a trade war truce on the nomic growth. Chinese shares closed lower on Wednesday and the impact on the economy-Lagarde urged than there was only six months ago,” as the consequences sidelines of a G20 summit in Argentina on Saturday, holding amid similar doubts. As part of the truce, Trump agreed to patience. “Compared to what we’ve gone through its of leaving the European Union become apparent. off on new tariffs and giving negotiators three months to hold off on plans to raise the tariffs on $200 billion in progress,” she said. To avoid the “dystopian scenario,” countries must Chinese imports to 25 percent beginning January 1, leaving reach an agreement. Lagarde delivered her message about the need for adapt, improving cooperation among governments, to China pledged to buy more from the United States and them at the current 10 percent rate. The tone of Trump’s lat- strengthen oversight, reduce corruption and reform tax est tweets show an apparent shift from 24 hours earlier, global economic cooperation wrapped in praise for the the White House said the two sides would negotiate “struc- key leadership role the US plays in the world. In the eco- collection. That will free up resources to improve infra- tural changes” to thorny issues plaguing relations, but few when he was unreservedly triumphant, saying relations with nomic prosperity that followed World War II, “We learned structure and education. —AFP details and no dollar amounts were disclosed. But the verbal China had taken a “BIG leap forward.” —AFP 12 Established 1961 Business Thursday, December 6, 2018
NBK report on international markets Global growth concerns weigh on markets; Fed rate hike soon
Tensions remain high in UK over Brexit after deal with EU
KUWAIT: After a rough October, international finan- cial markets remained under pressure in November as concerns over global economic growth weighed on equities and benchmark bond yields fell. Worries over the demand outlook and a potential market glut also saw oil prices continue the plunge that started in October, with November seeing the largest monthly fall - some 22 percent - in ten years. There was posi- tive news in early December however, with the US and China striking an agreement on trade that sees the US hold off from tariff hikes on imports from China sched- uled for January and China purchase more US goods to reduce the trade gap. Although the 90-day deal could yet break down as talks on a permanent arrangement proceed, it at least signals both sides’ willingness to reach an accord and also eases immedi- ate fears over the impact of an escalating trade war on world growth. household balance sheets over the past decade should the UK over Brexit also remain high despite the gov- aging 11.7 mb/d in November) and near two-year high US growth to remain strong in Q4 also limit the macroeconomic impact of any housing ernment finally striking a withdrawal agreement with OPEC supplies (+130 kb/d to 32.9 mb/d in October). Activity levels in the US economy remain in good market downturn. the EU. The deal faces stiff opposition in the UK par- Money managers’ bets on Brent falling further are at shape, with the second estimate of GDP confirming Inflation under the Fed’s preferred gauge - the core liament and if voted down mid-December, the UK may their highest in fifteen months. November’s precipitous growth of 3.5 percent in 3Q18 backed by robust con- personal consumer expenditure measure - eased back be forced to exit the EU without a deal, triggering price drop has forced OPEC to consider once again sumer spending, while high frequency indicators point to 1.8 percent y/y in October and below the bank’s 2.0 financial and economic disruption. cutting production to stabilize prices; the group’s advi- to a strong, if more moderate, outcome in Q4. ISM sur- percent target. In further dovish news, Fed Chairman sory board recommended cuts of 1.3 mb/d, or 4 per- veys of both manufacturing (57.7) and non-manufac- Jay Powell said in a late November speech that interest Japan’s GDP contracts cent, from October levels to bring supply and demand turing (60.3) activity for October eased slightly from rates were now closing in on ‘neutral’ levels, implying Tepid demand and natural disaster-related effects back into balance. More clarity should come after the September, but both remain well above historical aver- that the Fed Funds target rate may not need to rise as led to a 1.2 percent decline in Japan’s annualized GDP meeting of OPEC and Russian-led non-OPEC produc- ages and some softening from previous levels is wel- fast as initially expected. Futures market expectations in 3Q18, its second decline this year, and lending sup- ers on 6 December. come on sustainability grounds given reported capaci- for a rate hike following the Fed’s December 18-19th port to the Bank of Japan’s (BoJ) ultra-loose monetary Non-oil activity in the region continues to tick ty pressures. meeting have in fact firmed to 83 percent from 70 per- policy stance. Nonetheless, thanks to strong second- along, although with oil prices falling below the fiscal Indeed, ‘nowcasts’ from the Atlanta and New York cent a month ago, but policy next year is now expected quarter data, GDP growth has so far averaged 0.9 per- break-even price level for most GCC states, diversifi- Fed point to annualized growth of 2.5 percent in Q4 to be tightened less quickly than before, with a more cent for the 2018 fiscal year ending in March 2019 and cation drives and non-oil revenue-generating plans are and a consensus view of 2.7 percent, which are still than 70 percent chance of at most one further hike is expected to recover in the near-to-medium term once again in the spotlight. Saudi Arabia embarked on above estimates of the economy’s long-term potential. through 2019. This would suit President Trump, who mainly thanks to continued strength in capital spending. a major multi-billion dollar provincial investment drive Backed up by steadily rising wage growth, solid said the Fed is “way off base” with its policy tightening. To this end, growth appears on track to meet govern- in November and rolled out the second phase of the employment gains and unemployment at its lowest lev- ment projections of 1.5 percent for FY2018. Meanwhile, $19 billion private sector stimulus program. The Emirati els since the 1960s, consumer spending rose by a Eurozone activity data core inflation was unchanged in October at 1.0 percent authorities, meanwhile, continued with their plans to stronger-than-expected 5.0 percent y/y in October, Momentum in the eurozone economy continued to y/y, still well below the BoJ’s 2 percent target. boost FDI, legalizing 100 percent foreign ownership of slightly softer than average for Q3 but above income falter in November, as the month’s composite PMI of Newly-released manufacturing data pointed to fur- companies operating throughout the emirate from the growth of 4.3 percent. With subdued news on inflation 52.4, the weakest in four years, reflected further soft- ther signs of a slowdown in the Chinese economy. The previous threshold of 51 percent. 10-year visas for (see below), spending is also robust in ‘real’ terms. ness in both manufacturing and services, underpinned official purchasing manager’s index fell from 50.2 in highly skilled expatriates were also approved, in a bid There are hints however that the labor market could be by declining export momentum and demand for new October to 50.0 in November, indicating no month- to attract top-tier talent. Inflation ticked up a little in approaching a turning point. The weekly jobless claims orders. Economic sentiment (109.5) was also down on-month growth for the first time in over two years, as Saudi Arabia in October (2.4 percent y/y) due to high- figures have been gradually edging up and rose for the for an eleventh consecutive month and echoed the new orders continued to struggle to eke out gains and er food costs but nearly halved in the UAE (to 1.6 per- third consecutive week up to November 24th, which aforementioned risks. Meanwhile, November’s core as export orders fell for the sixth consecutive month. cent) on the back of a steep decline in housing costs. could point to a less-than-stellar November employ- inflation eased to 1.0 percent, lower than analysts had However, the recently-agreed tentative trade deal with Lending activity continued to gain traction in both ment report when it is released mid-December. expected, with suspicions that the weaker business the US, under which the US will for now refrain from countries, with private sector credit growth in Saudi The weakening housing market could eventually climate is discouraging businesses from passing increasing tariffs at the start of next year, is likely to Arabia rising to a sixteen-month high of 1.7 percent start to weigh on the consumer sector going forward, through higher input prices to consumers. Despite the offer the external sector some reprieve. y/y in October. with latest data pointing to further deterioration. The slowdown, however, ECB president Mario Draghi Meanwhile, the Egyptian government is proposing decline in new and existing home sales has gathered reconfirmed the bank’s desire to end its asset pur- OPEC rethink on output an amendment to taxes on banks whereby banks hold- pace, with the former down 12 percent y/y in October, chase program in December 2018, attributing eco- Oil markets have been roiled by oversupply con- ing more government debt will pay higher taxes. If and house price increases have slowed. Housing is nomic weakness to a return to normal growth levels cerns and anxieties over weakening oil demand against adopted, this could lead to higher private sector lend- often seen as a bellwether of the broader economy, but after outperforming in 2017. a backdrop (now somewhat eased) of US-China trade ing, make government debt less attractive and thereby the Federal Reserve, while concerned about possible On the political front, tensions persist over the frictions. Brent crude closed out a second consecutive raise government borrowing costs. The central bank weakness, sees the slowdown as an appropriate mod- stand-off between Italy and the eurozone, while on a month of declines in November, falling by 22 percent has decided to terminate its FX repatriation mecha- eration due to rising mortgages rates, recent changes more positive note, France and Germany agreed to during the month to $58.7/bb for the steepest one- nism, which commits it to allow foreign investors to in taxation and pressures on affordability affected by push for an independent budget for the single currency month fall since the 2008 financial crisis. repatriate investments in local securities. By forcing rising material and labor costs. Improvements in area, paving the way for greater integration that might Market sentiments have shifted overwhelmingly investors to go to the interbank market, this move help avoid or mitigate future crises. Political tensions in bearish amid record high US crude production (aver- could lead to more exchange rate flexibility.
NBK Capital monthly report
percent against estimates of a decline of 1.0 percent Despite volatility, while the GDP deflator recorded -0.3 percent for the same period. The Nikkei manufacturing PMI showed a slight decline as it registered 52.2 for November com- global markets pared to a revised 52.9 for the October. The Consumer Confidence Index retreated marginally in November to remain positive 42.9 against a reading of 43.0 in October. Unemployment, on the other hand, inched higher to 2.4 KUWAIT: Global markets managed to end November percent against estimates of 2.3 percent and a previous on a positive note albeit in a still volatile environment. reading in September of 2.3 percent. Markets which drifted lower most of the month were Markit Manufacturing and Services PMIs weakened to Following the IMF downgrade, the OECD said that boosted during the last week by the comments of Fed 51.5 and 53.1 in November from 52 and 53.7. trade tensions and higher interest rates are slowing Chairman J. Powell before the Economic Club of New The ongoing volatility in global markets in addition down the global economy. The organization lowered its York in which he said interest rates “remain just below to the upcoming vote on the Brexit deal on the 11th of outlook for global GDP to 3.5 percent in 2019 from a the broad range of estimates of the level that would be December added to the rout in UK equities. The FTSE previous projection of 3.7 percent. It said the slow- neutral for the economy”. Markets took this as a sign 100 declined by 2.07 percent in November to bring its down would be worst in emerging markets that will see that the tightening cycle is close to an end and the year-to-date performance to a negative 9.20 percent. capital outflows as interest rates in the US continue to three rate hikes previously expected in 2019 are now The Gfk Consumer Confidence declined to a new low rise. China is expected to grow at the slowest rate in 30 ture was not as bright. After spending most of the less likely. This comes after his comments back in of -13 in November compared to a reading of -10 in years at 6.0 percent down from a current 6.6 percent month in positive territory, the Shanghai Composite October in which he suggested that the Fed was a “long October and a consensus estimate of -11 while the mainly driven by the impact of US tariffs. Despite the closed down 0.56 percent on signs that there might be way” from neutral and which many analysts blame for Markit manufacturing PMI rebounded to 53.1 in outlook downgrade, which was discounted in October, additional tariffs imposed by the US on China. the market rout last month. November from 51.1 for the previous month. emerging markets had a breather in the last week of The slide in oil which started in October intensified The MSCI All Countries World Index managed to November after the dovish interest rate comments of during November. Brent lost 22.2 percent of its value to gain 1.30 percent during November narrowing its year Nikkei 225 regains ground the Fed chairman. The MSCI EM staged a robust per- close the month at $58.7/b, while WTI dipped briefly to date losses to 4.32 percent. US indices returned to After a nearly 10 percent decline in October, Japan’s formance during the last week of November to close below $50.0/b before closing the month at $50.93. positive performance for the year with the S&P 500 up Nikkei 225 Index managed to regain some ground the month up 4.06 percent boosted mainly by a solid Fears of excess supply dominated the market ahead of 3.24 percent after a 1.79 percent return in November, advancing 1.96 percent in November but still falling performance in India, Turkey, Brazil, and Russia as well the OPEC meeting in December and the G20 summit in while the Dow Jones Industrial Average registered 1.68 1.82 percent short of breaking even for the year. Third other Asian markets. The MSCI Asia ex-Japan was up Buenos Aires, especially that Russia seemed reluctant percent for the month bringing its year-to-date per- quarter annualized GDP declined by a preliminary 1.2 5.24 percent in November. In China, however, the pic- to join any move to cut back production. The Russian formance to 3.31 percent. The tech-heavy NASDAQ position, however, became clearer after the end of the underperformed with a monthly gain of 0.34 percent. month when President Putin announced an agreement Treasury yields retreated during the month with the with Saudi Arabian Crown Prince to extend output cuts 10-year Bonds closing the month at 3.0 percent after in a meeting on the sidelines of the G-20 meeting in retesting last month high of 3.25 percent in early Argentina. November. The Markit manufacturing PMI slowed mar- ginally in November to 55.4 from 55.7 for the previous Kuwait best performer in GCC month, while the Services PMI declined to 54.4 from In light of the heightened volatility in global markets 54.8 over the same period. and the slide in oil prices, the performance of GCC markets was mostly negative. The S&P GCC Composite Europe drops declined by 2.04 percent in November dragged by a The Stoxx Europe 600 Index declined by 1.14 per- negative performance in Saudi, which retreated by 2.58 cent during November bringing its losses since the percent, and the UAE, where Dubai and Abu Dhabi beginning of the year to 8.14 percent. The French declined by 4.16 percent and 2.69 percent respectively. CAC40 declined by 1.76 percent dragged down by the Kuwait was the best performer in the GCC for ongoing riots in France, while the German Dax retreat- November as the Boursa Kuwait All Share Index edged ed by 1.66 percent. For the year, the DAX is down 12.85 up by 1.33 percent, Bahrain came second with 1.07 per- percent while the CAD40 is down 5.81 percent. cent, while Qatar recorded a marginal increase of 0.62 Europe’s third quarter Gross Domestic Product percent for November after having added almost 5 remained stable at 1.7 percent on a preliminary basis. percent the previous month. In the Broader MENA Consumer confidence retreated further in November to region, the S&P Pan Arab Index was down 1.69 percent -3.9 from -2.7 registered in October. The preliminary and Egypt’s EGX 30 up marginally by 0.52 percent. Established 1961 13 Business Thursday, December 6, 2018 Microsoft demonstrates the power of ‘AI for government’ 6th E-Government Forum (EGOV) being held in Kuwait
KUWAIT: Microsoft yesterday participated as the Microsoft stand, gained the opportunity to get hands- platinum sponsor at the 6th E-Government Forum tak- on experience of latest cutting-edge solutions includ- ing place from 4-6 December at the Al-Baraka ing cognitive computing, machine learning and use Ballroom, Crowne Plaza Hotel, in Kuwait City. The cases on face recognition, chatbots, emotion detection company demonstrated the power of its Cloud and and object analysis - aimed at enabling better and Artificial Intelligence solutions to accelerate the gov- secure engagement of citizens, empowerment of gov- ernment’s efforts towards e-services and drive digital ernment employees, optimization of operations and transformation across all sectors in the country. transformation of public services. Currently in its 6th year, the E-Government forum “The Government of Kuwait is ambitiously steering (EGOV6) in collaboration with Kuwait’s Central towards achieving the country’s Vision 2035 of ‘New Agency for Information Technology (CAIT), focuses on Kuwait’ with a strong focus on digital transformation,” ‘Managing Change towards Digitization’ and places said Charles Nahas, General Manager, Microsoft emphasis on the change management practices that Kuwait. “Cloud and Artificial Intelligence can be at the need to be implemented in order to boost e- heart of this journey to fuel digitization and accelerate Government program implementation, and make the e-services in the public sector to address challenges best use of all available resources along the way. and meet citizen expectations. Our participation at this “Kuwait is undergoing a massive transformation and year’s EGOV6 is to reiterate Microsoft’s commitment is seen accelerating towards the digital era,” said Qusai and support the government’s vision, as well as com- Al-Shatti, Deputy Director General for Information mend the role played by agencies such as the CAIT, in Technology Sector at Kuwait’s Central Agency for driving this transformation - and delivering the power Information Technology. “Our objective is to empower to the country’s government agencies to achieve more.” KUWAIT: Qusai Al-Shatti, Charles Nahas and other officials during the 6th E-Government Forum in Kuwait the government entities in the country with innovative Microsoft speakers also participated at the forum and state-of-the art technologies to accelerate digiti- and addressed delegates on the power of artificial zation and achieve sustained growth. In this process, it intelligence, cloud, cyber security and related tech- delegates on the role of Artificial Intelligence and how end user, enabling government entities to automate is imperative for us to rely on a technology provider nologies. Mohammed Zayed, Senior Cyber-Security it is accelerating innovation, and bridging the gaps in customers services and business processes. The com- who can deliver on these lines and can be relied upon. Solutions Specialist for Microsoft Kuwait, gave a talk society for individuals, organizations and governments pany also showcased Predictive analytics and Facial We are proud to have a partner like Microsoft on our on the Culture Transformation for Identities & to achieve more. Recognition solutions that can enable government side in this journey of to become a truly digital and Information Protection in a Cloud Era, and the Microsoft partner, Blackstone also shared the booth entities to better serve and protect citizens. In line with connected government of Kuwait”. responsibility that Leaders and Security Officers car- with the company and showcased its AI solutions built the showcase, Wajih Yahyaoui, Managing Partner at The EGOV6 also features a technology exhibition, ry in driving a secure digital transformation to protect on the Microsoft Azure Platform. Blackstone show- BlackStone eIT, also delivered a session during the where Microsoft experts demonstrated a broad range their organizations from potential cyber-attacks. Firas cased the Intelligent Assistant, a chatbot powered by Egov Summit on the ‘Role of AI in transforming Public of AI tools and innovations that can accelerate e-ser- Bou Fakhereddine, Technology solutions Professional AI that is capable of understanding conversation sector institutions’ and make the most out of these vices in the government sector. Delegates visiting the for AI & Big Data for Microsoft Kuwait, addressed phrasing and provide human-like conversations to the technologies.
important aspect and is they will be the in the best position to really leverage Microsoft crucial for Kuwait. It’s also that. From our perspective, it’s about providing them part of the 2035 vision of the infrastructure, and the support. And as you may the new Kuwait. And this know, we have recently announced that we will be empowering Kuwait is where we’re playing our building two datacenters in the Middle East. This will With inflation at role in supporting the be able to provide the capabilities, because AI is bas- in leveraging Cloud government. ing its functions in the cloud network. more than 20%, KT: See, ITA and KT: What obstacles does Kuwait face in imple- and AI: Nahas Microsoft recently signed menting the eGovernment system to eliminate Turkey sticks an MoU. How much paper, and what is Microsoft’s role in that? By Islam Al-Sharaa progress has been made? Charles: What we see is that there is still a lot of Charles: We have seen Charles Nahas, potential for eGovernment services in Kuwait. For us, to 5% target KUWAIT: Microsoft has a very close partnership great progress in this area. General Manager, it’s really about defining strategies for the with the Kuwait government for the last 15 years and This MoU was signed in Microsoft Kuwait eGovernment and after that defining the components it has been empowering the government in leveraging August this year under the that’s going to be needed for these services. And then, ISTANBUL: Turkey’s central bank said yester- cloud and artificial intelligence. “We are also part of patronage of His Highness providing the different systems for this. It’s not only day it would stick with a 5 percent inflation tar- the 2035 Vision of the New Kuwait and our role is to and we’re very excited about this and its components. Microsoft, I believe, all companies in the IT sector will get, a deeply ambitious goal after this year’s cur- empower the government in terms of their digital We’re going to partner with CITRA to provide the come together and provide these capabilities. The rency crisis sent the inflation rate soaring to a 15- transformation and technology,” said Charles Nahas, government with technologies around blockchain, way we are approaching this is by working closely year high of 25 percent. General Manager, Microsoft Kuwait, in an exclusive IOT, cloud, cybersecurity and artificial intelligence. with agencies such as CAIT and CITRA to come up The bank said it would change its monetary interview with Kuwait Times yesterday on the side- And so, we have a number of elements that we are with an overall strategy. We’re also working with oth- policy stance if exchange rate moves had a last- lines of 6th E-Government Forum currently being held working on with the government. We already have er government entities such as: Ministry of Health, ing effect on price stability, helping the lira gain in Kuwait. Excerpts: had a number of follow up meetings and actions in Ministry of Finance, Ministry of Awqaf to understand nearly 1 percent against the dollar. It also stressed place. One of the upcoming actions that will be in terms of what they need for eservices, and the coordination with government policy in fighting Kuwait Times: How is Microsoft helping announced shortly is a workshop for different govern- capabilities they require to fuel their own digital inflation, saying its first objective was to bring Kuwait use ICT system to provide government ment entities to train them on how to leverage artifi- transformation. And then, this all happens in line with down inflation to single digits, and then gradually services? cial intelligence in their departments. the overarching strategy of the government that we reduce it and stabilize it at around 5 percent. Charles Nahas: Thank you very much for the time. are supporting the central entities on. Inflation remains one of the most pressing Microsoft has been in Kuwait for more than 15 years, KT: How is Microsoft working with Kuwait problems for Turkey’s economy, after it weath- and we have a very close partnership with the gov- in the fields of Smart Cities and Artificial KT: Anything more to add, to say? ered a currency crisis earlier this year. Investor ernment of Kuwait throughout all these years. Our intelligence? Charles: We’re very excited to participate in the concerns about the bank’s ability to rein in prices role is really to empower the government in terms of Charles: In terms of Artificial Intelligence, what eGov event. We’ve been participating every year for - and a diplomatic rift with the United States - their digital transformation and in terms of technology we’re trying to do is a number of things. We’re trying the past six years. This is a great opportunity for us to sent the lira tumbling as much as 47 percent. It - to achieve more. So, throughout these years we are to first of all, explain what artificial intelligence is and share in terms of what can be done in the government has since recovered somewhat but is still down enabling them to develop new services, and using the what it can do for governments and organizations. sector. We also have a number of Microsoft speakers some 30 percent, year-to-date. “If exchange rate technology internally to improve their productivity, And what we are also trying to do - is enable the gov- that are going to come and part knowledge at Egov. movements permanently affect price stability, the improve governance and so on. ernment and people to understand AI, by training We’re also bringing a lot of experiences from CBRT will change its monetary policy stance and Overall in general we are also empowering them in them on how to use AI tools. We are also going to across the world in government, and make them avail- give the necessary reaction,” it said in its 2019 leveraging cloud and in particular artificial intelligence. share our experiences with AI in government from able to work with the Kuwait government in their dig- monetary and exchange rate policy document, This is probably the focus in line with our efforts, and across the world, and show what other governments ital transformation journey and we’re very passionate released yesterday. in terms of supporting them to come up with new have achieved using AI; but more importantly we are about that. We are also excited about the opportunity The lira firmed to 5.3390 to the dollar from services to drive, and either offer to the citizens, or for going to support them on using AI, which will enable that AI brings - it is a revolutionary technology that 5.3843 on Tuesday, when it was hit by concerns them to be able to work together and achieve digital different ways for them to leverage it and understand will empower the government in terms of transforming about potential premature monetary policy eas- transformation for the government. I think that’s a very best how it works and function in their field. This way, and providing leading services for its citizens. ing after a lira rebound and tax cuts helped push inflation below 22 percent. “The central bank’s stress on a monetary policy focused on inflation seriously reduced selling pressure on the lira, indeed reversing it,” said a treasury desk trader at one bank, adding an early rate cut had, in Trump meets recent days, begun to be priced in. “This text does not contain any comments pointing towards the Dec. 13 MPC (monetary with German policy committee meeting) but it is important in showing it may make a similar assessment at the auto execs MPC stressing inflation,” the trader said.
WASHINGTON: Donald Trump met Tuesday with Coordination executives of Germany’s three top auto manufacturers, The currency sell-off has driven up the prices amid efforts by Washington and Brussels to resolve the of everything from food to fuel, and has deepened US president’s complaints about imbalanced trade in worries about the broader impact on the real the sector. After the talks, the executives sounded opti- economy and banks. Inflation was at 21.6 percent mistic about averting Trump’s threat to impose tariffs last month, near its highest in a decade and a half. on auto imports. “The inflation target has been kept at 5 percent The White House said Trump had encouraged the as per the agreement reached with the govern- automakers to produce more in the United States, ment,” the bank said. where they are already significant manufacturers. “Fiscal discipline is essential in fighting infla- “The president shared his vision of all automakers tion. The coordination between monetary policy producing in the United States and creating a more and fiscal policy is therefore crucial with respect friendly business environment,” the White House said in to disinflation and macroeconomic rebalancing,” a statement following the meeting. In July, Washington In this file photo, US President Donald Trump speaks at the American Center for Mobility in Ypsilanti, Michigan the bank said. and Brussels announced a truce in their tit-for-tat tariff with General Motors CEO Mary Barra and other auto industry executives. Trump threatened to cut subsidies to Finance Minister Berat Albayrak has stressed battle after Trump threatened to impose duties on General Motors. —AFP the importance of coordination between fiscal and European auto imports, citing national security. Daimler CEO Dieter Zetsche, who knows the US monetary discipline in fighting inflation, although economists have said the financial markets would well, as he used to live here and ran Chrysler, gave an we are on a good way.” Diess added, “I think we made 1,000 positions to the 10,000 workers employed in upbeat assessment after Tuesday’s talks with Trump. be more convinced by stronger messages to guar- a big step forward to avoid the tariffs.” South Carolina at the Spartanburg plant, and is consid- antee the bank’s independence. Much of the lira “I would say that this implicit potential threat (of BMW, which maintains a major auto plant in South ering adding a second US site for power trains. tariffs) was reduced,” said Zetsche. sell-off was sparked by comments from President Carolina, said Tuesday the meeting had been “con- Earlier, Commerce Secretary Wilbur Ross had said Tayyip Erdogan, a self-described “enemy of inter- He added, “there was a very positive, pleasant structive” but that responsibility for international trade the aim of the meeting was to pare down the $30 bil- est rates”, who has repeatedly called for lower atmosphere.” Volkswagen chief executive Herbert policy “rests solely with the relevant political institu- lion trade deficit the US has with Germany in cars and borrowing costs. — Reuters Diess also expressed optimism. “That’s basically why tions”-meaning Brussels will have the final say. auto parts, which amounts to half the $66 billion total we are here-to avoid the additional tariffs, and I think Within two years, the company said it plans to add deficit with the European nation. — AFP 14 Established 1961 Business Thursday, December 6, 2018 Ooredoo wins a total of 18 awards at Stevie International Business Awards Ooredoo presented with Grand Stevie Award as the third most honored organization
DOHA: Ooredoo won 15 awards at the 2018 Corporate Social Responsibility’ category for its International Business Awards (IBA) ceremony and 3 Incubators for Women project, a testament to awards at the 2018 Stevie Awards for Women in Ooredoo’s continuous efforts and investments towards Business. The Stevie Awards are held annually to honor supporting female empowerment. the achievements and positive contributions of organi- Commenting on these wins, Sheikh Saud bin Nasser zations worldwide. Al-Thani, Group CEO, Ooredoo, said: “We are delight- As the organization receiving the third most acco- ed by this prestigious international recognition of our lades at the IBA, Ooredoo was also presented with a work. These awards acknowledge our capabilities to Grand Stevie Award Trophy. This is the fifth consecu- provide innovative solutions to our customers while ful- tive year that Ooredoo has been recognized at the IBA filling our mission of enriching people’s lives across the awards for its ability to integrate business innovation globe by enabling them to access and enjoy the best and the development of market-leading product offer- digital experiences.” ings with a strong community-focused approach. Ooredoo also won 10 Silver Stevie Awards, includ- Ooredoo received 5 Gold Stevie Awards including ing ‘Most Innovative Company of the Year’ and ‘Best New Product or Service of the Year’ for rolling ‘Technical Innovation of the Year’ for Ooredoo Group out commercial 5G network, which recognizes its as one of the world’s first companies to commercialize achievements in its digital-first strategies. Another Gold its 5G capabilities. Stevie Award was received for ‘Marketing Campaign of Other Silver Stevies won by Ooredoo include: the Year’ for Ooredoo’s ‘Enjoy the Internet’ campaign, ‘Company of the Year - Telecommunication’, which engaged millions of people through a series of ‘Corporate Social Responsibility Program of the fun and inviting videos, quizzes as well as new interac- Year’ for Indonesia Belajar, ‘Customer Service tive platforms. Department of the Year’ for Ooredoo Myanmar, ‘ standing performances. Ooredoo Myanmar’s Chief Innovative Company of the Year’ for Ooredoo Two additional Gold Awards were won by Ooredoo Viral Marketing Campaign of the Year’ for Tunisia Officer of Sales and Distribution, Htar Thant Zin, Maldives, highlighting its vision of Digital Maldives Algeria in the ‘Mobile Site & App Awards’ category, for Migalo, ‘Best New Product or Service of the Year’ attained a Silver Stevie for ‘Female Executive of the and highly inclusive broadband access through its its innovative app Haya! Chiche, as well as Ooredoo for Indosat Ooredoo 4.5G. Year’ while Shaima Al-Najdi, Acting Chief Technology wide spread of 4G to every island. Kuwait in the ‘Communications Department of the Year’ Ooredoo Kuwait also received 1 Silver Stevie for Officer of Ooredoo Kuwait was awarded a Silver Stevie Other Bronze Stevies include: ‘Best New Product or category, for the department’s efforts toward youth ‘Communications or PR Campaign of the Year’ for its for ‘Woman of the Year - Technology’. Service of the Year’ for Ooredoo Myanmar M-Pitesan, empowerment and digitization. iPhone X Launch. Ooredoo was also recognized with 3 Bronze Stevie a mobile money solution that serves the unbanked Importantly, Ooredoo Oman also attained a Gold At the Women in Business Awards, key female Awards, including ‘PR Campaign/Program of the Year’ population and supports Myanmar’s overarching goal Stevie in the ‘Achievement in Women-related Ooredoo executives were also recognized for their out- for 5G Launch Campaign in Qatar and ‘Most of financial inclusion. MGD lifestyle jewelry opens VIVA inaugurates its flagship at Fahaheel store at Marina Mall KUWAIT: Malabar Gold & Diamonds (MGD), among the largest jeweler retailers KUWAIT: VIVA, Kuwait’s fastest- VIVA and its customers closer and globally, opened its new lifestyle jewelry out- growing and most developed telecom keep them posted regularly with the let at Dabous Street, Fahaheel on 30 operator, has inaugurated its flagship latest products and plans.” November. The outlet was jointly inaugurated store at Marina Mall in coincidence of He added: “The increase in cus- by Major Ali Hamdan Al-Daihani - Chief its 10th year anniversary, in the pres- tomer base requires strengthening Advisor of Farwaniya Governorate and M. P. ence of CEO of Group STC Eng and renewing of our stores, to pro- Ahammed, Chairman - Malabar Group in the Nasser Bin Suleiman Al-Nasser, vide the best services and products presence of Shamlal Ahamed, Managing VIVA’s Chairman Dr Mahmoud according to the latest and best stan- Director - International Operations, Malabar Ahmed Abdulrahman and VIVA’s CEO dards in the world of technology to Gold & Diamonds, Abdul Salam KP, Group Eng Salman Bin Abdulaziz Al-Badran. our customers. In addition to our executive director in the presence of well- Commenting on this occasion, Al- stores’ services, VIVA’s customer Badran said: “VIVA aims through its care line at 102 is ready round the wishers and other invited guests. On the same KUWAIT: Malabar Gold & Diamonds (MGD) inaugurates its new lifestyle jewelry outlet at Dabous stores to serve a large segment of clock and up to public holidays, to day, MGD’s new regional office was also Street, Fahaheel. opened on the 19th floor of Panasonic Tower, customers, to provide them conven- provide outstanding service to our Fahad Al-Salem Street, Kuwait City. ience and satisfy their needs and valued customers through team of MGD is well-known for its diverse and women and those fashion and style oriented and lifetime free maintenance on jewelry. requirements. This move will bring specialties.” varied product offerings including trendy individuals who are keen on unique jewelry at The brand new MGD Lifestyle outlet at jewelry of 18K, 21K and 22K gold, as well as competitive prices. Dabous Street is the one-stop shop for the beautiful collections embellished with dia- The key features of this retail concept are best product offerings to satisfy a multitude monds, uncut diamonds, precious gems or transparency, assured quality and competitive of taste and lifestyles. Malabar Gold & pearls. There are other jewelry pieces pricing on the best range of jewelry pieces Diamonds has always been at the forefront in designed in a simple style to be practical and that are light weight, trendy and unique. gold jewelry manufacturing, wholesaling and convenient for daily use without compromis- MGD boasts the best and ideal gifts for either retailing, and has ambitions to retain its posi- ing on service or quality. This concept is oneself or your loved ones. Furthermore, this tion as the ‘most- preferred’ jewelry retailer aimed at the youthful teenagers, working brand has other benefits like cash buy back in the market. US crude oil reserves Warba Bank to hold rise to record despite Al-Sunbula draws today production boom KUWAIT: Warba Bank, “the Best investment Bank” and “Best Corporate Bank” in Kuwait, will be organizing its monthly LONDON: US crude oil reserves hit record levels at the end of 2017, draws which includes: Al-Sunbula Account monthly draw and as annual reserve additions outstripped production for the eighth time the 45th weekly draw for Al-Sunbula Account today at 11 am in in nine years, government data published last week shows. presence of a representative from the Ministry of Commerce Reserve growth is the main reason predictions about future oil and Industry and the bank officials. shortages have been repeatedly proved wrong. Al-Sunbula Account is the perfect choice for all customers US policymakers have long fretted about the damage to the econo- who wish to save money and achieve steady returns while my and national security of exhausting domestic oil reserves (“Oil simultaneously have the opportunity to win cash prizes scarcity ideology in US national security policy”, Stern, 2012). throughout the year. Due to the high traffic on this account, for As early as 1909, the US Geological Survey was predicting reserves its offerings of unparalleled opportunities, Warba Bank has might be exhausted by 1935 (“Petroleum resources of the United States worked on enhancing Al-Sunbula account to provide cus- - Report of the National Conservation Commission”, GPO, 1909). tomers with more benefits. Such enhancements include Scarcity concerns became prominent again in the 1940s, the increasing the number of winners and the frequency of the 1970/80s and the 2000s (“Market madness: a century of oil panics, draws. Now, on every Thursday the Bank holds draws for 5 crises and crashes”, Clayton, 2015). Policymakers responded by press- weekly winners of KD 1,000 each. In addition, the Bank con- ing for more conservation, encouraging the development of overseas tinues its monthly draws held on the first Thursday of every reserves, reserving domestic supplies for future military needs, or month, with cash prizes of KD 30,000 divided amongst 4 win- experimenting with alternatives. ners: two winners getting KD 10,000 each, and two winners But scarcity forecasts have underestimated the impact of improve- getting KD 5,000 each. ments in technology, mostly driven by price changes, of which shale Thus, the new development of Al-Sunbula account has extraction has been the most recent and dramatic. increased the total number of winners to 24, and the total And we will have cooked the planet through global warming long Turkish Airlines sponsors ‘Turkish amount of prizes to 50,000 KD instead of 30,000 KD. As for before we run out of fossil fuels. the chances for winning, each customer is eligible to enter the “No mineral, including oil, will ever be exhausted,” wrote the late Week’ at the Avenues Mall draw against each KD 10. It is noteworthy, that Warba Bank Morris Adelman, an economist at the Massachusetts Institute of has recently launched the Al-Sunbula Fixed Deposit, which Technology (“Genie out of the bottle”, 1995). “If and when the cost of KUWAIT: The Kuwait office of Turkish world’s finest flavors to satisfy the most provides depositors with high returns of up to three percent, finding and extraction goes above the price consumers are willing to Airlines, Europe’s best airline, discerning of palates. as well as getting monthly chances to win in Al-Sunbula pay, the industry will begin to disappear.” And as former Saudi oil min- announced its sponsorship of the Turkish Airlines sponsorship of the Account draws. ister Zaki Yamani observed in 2000: upcoming ‘Turkish Week’ in partnership event celebrates the best of Turkish Furthermore, Warba Bank has launched its latest Customer “Oil will be left in the ground. The Stone Age came to an end, not with the Turkish Embassy and Souk hospitability and participation to Souk Onboarding solution, in line with its ambitious five-year strate- because we had a lack of stones, and the oil age will come to an end not Safar Kuwait. Honoring decades of Safar, a recently launched one-stop gy that enables non-Warba Bank customers to request opening because we have a lack of oil.” The oil age, too, will end, if and when it is strong bilateral ties, the three-day event shop for individual and family travelers. Al-Sunbula account in an easy electronic manner through the replaced by a superior energy source - just as mainframe computers, is scheduled to take place between 6-8 Located at the Avenues Mall, Souk Bank’s website without having to visit any of the Bank’s branch- buggy whips and typewriters have all been largely superseded. But it December 2018 at the Avenues Mall. Safar provides professional travel es, by following five simple steps that might take up to five min- won’t end for lack of oil. Proved oil reserves increased by 6.4 billion As part of the festivities, visitors, advice, competitive holiday packages, utes. New customers will be able to request opening the barrels (19.5 percent) in 2017 compared with the previous year, accord- and customers will enjoy an exquisite international insurance, visa, and driving account at anytime, anywhere, and the Bank will receive, ing to the US Energy Information Administration (“U.S. crude oil and performance by Cagman Ensemble, a license assistance that also boasts a process and pass the new application for approval through natural gas proved reserves”, EIA, Nov. 29). legendary Turkish band who will per- dedicated Turkish Airlines desk. whole new and unique electronic system used to implement this These are estimated volumes of oil that analysis of geologic and form on Thursday from 1- 4pm. Visitors Turkish Airlines invites the people of service. Warba Staff will then contact the customer to deter- engineering data demonstrates with reasonable certainty are recover- will also enjoy a journey through culi- Kuwait to attend the festivities and mine the appropriate time to visit the branch to get required able under existing economic and operating conditions. Estimates nary treats and traditional Turkish enjoy the exclusive opportunity to dis- signatures, verify the customer’s identity, deliver his/her debit change in response to new field discoveries, greater understanding of delights by DO&CO, Turkish Airlines cover Turkey’s renowned delights. It card, and activate the account. existing fields, technology and changes in prices and costs, as well as award-winning onboard catering com- also encourages customers to visit its the amount produced. — Reuters pany. Its flying chef will bring the new desk at the heart of the Avenues. Established 1961 15 Technology & Science Thursday, December 6, 2018 Russian tech giant Yandex unveils first smartphone Yandex to have its own smart speaker ‘Alice’
MOSCOW: Russian internet giant Yandex yester- form of an ecosystem with Alice at its centre. It’s day launched its first ever smartphone, ending sev- not necessary to open individual apps to solve a eral weeks of suspense for tech fans over the high- task-just ask Alice.” ly anticipated launch. The company behind the The phone signals a major new phase in most widely used search engine in Russia and the Yandex’s development and is designed to rival ex-Soviet region has recently diversified to defend giants like Apple, Samsung and Huawei. Yandex its market share against Google, creating popular started in the 1990s as a search engine similar to phone apps to order taxis and takeaway food. Google but has since expanded into every corner The new smartphone, called Yandex.Phone, will of the Russian internet with apps that Russians use go on sale today in Russia and also online. It will every day. The smartphone’s launch comes after cost 17,990 rubles and will work with the Android the company last month disappointed tech enthusi- system. While the design was created by Yandex, asts by summoning journalists to what turned out the phone is made in China. Yandex’s various apps to be a presentation not of the smartphone but of for payment, music, maps, taxi and food are pre- its smart speaker. installed on the phone, which will also use a smart The Yandex smartphone is not the first to be speaker called Alice (Alisa in Russian), which is developed by a Russian company. In 2013 the similar to Amazon’s Alexa. YotaPhone, designed in Russia but also made in “We built Yandex.Phone to offer Russian users a China, was launched with the gimmick of having smartphone that is equipped with all the localized screens on both sides. However it failed to set the tools that help users better navigate their daily market alight. This time the company behind the routines,” Yandex official Fyodor Yezhov was smartphone has much more clout. It is listed on the quoted as saying in a press release. “Within the New York Stock Exchange and is renowned for its smartphone, the Yandex apps are presented in the creative flair.—AFP MOSCOW: A view of a Yandex.Phone during a presentation in Moscow. —AFP
the game has proved a hit with the troop of Kuwaiti doctor ‘Cheating’ gorillas endangered western lowland gorillas, who reg- ularly returned to play with the game even when there were no more nuts to win. The receives gold show clever ‘Gorilla Game Lab’ project from the University of Bristol and Bristol Zoological Society devel- medal for best puzzle-solving oped the game to encourage the gorillas’ cogni- tive and puzzle-solving abilities. BRISTOL: Gorillas at a zoo in England have The prototype device had to be strong scientific research demonstrated a distinctly human trait while enough to withstand a frustrated gorilla, which attempting to solve a new puzzle game - cheat- can be seven times stronger than humans. It KUWAIT: Kuwaiti doctor from Urology Department at ing. The gorillas were presented with a wall- also had to be engaging enough to keep them Farwaniya hospital Dr Abdallah Al-Enezi received a mounted device where the aim is to guide a coming back for more. “With each of the mod- gold medal for best scientific research in the field of peanut through a series of obstacles by poking ules in the game, they’re removable so we can Urology during the 15th Urology Conference of the a stick through various holes to move it along. take the modules out, re-designed them and Arab Urology Association which was held recently in Eventually the peanut reaches the bottom of the put in an additional module or change the Dubai. He received this honor for narrowing of the ure- device and drops out. Some gorillas, however, actual structure. So it creates an endless thra, its causes and treatment in Kuwait. Many surgeons figured out an easier way to retrieve the nut. stream of new and novel puzzles for them to participated from Arab and European countries. “We’ve seen a lot of cheating behavior solve,” said engineer Dr Stuart Gray of the Head of Urology Department at Farwaniya hospital where they’ve been putting their lips up against University of Bristol. Dr Faisal Al-Hajiri congratulated Dr Al-Enezi for his the device and sucking the nut out which was While the main aim of the project is to create achievement and urged Kuwaiti youth to get more not how we intended the device to be used. But a “positive psychological state of pleasure and involved in research, adding that 16 papers were pre- it just shows you that they’re very flexible, satisfaction in the gorillas”, the researchers are sented at the Dubai Conference by the Kuwait Board. they’re capable of creating new solving strate- already setting their sights on more advanced Al-Enezi expressed his happiness by calling it his gies to access the food,” Dr Fay Clark from models that would help zookeepers better greatest achievement stating that the success rate of Bristol Zoo Gardens said. “They have some fas- understand both the mental and physical condi- widening urethra by a laparoscope in 60 percent and cinating problem-solving abilities that have tion of the animal. “Things like eyesight, hear- they are working on improving it. He concluded that the probably not been witnessed before,” she ing, other cognitive functions - all of these award is a culmination of hard work put in by a group added. Since first being introduced to the pro- could be measurable further on down the line,” of urologists and their outstanding work in the field. totype device earlier this year, the scientists say added Gray. —Reuters 16 Thursday, December 6, 2018
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