THULQADA 9, 1439 AH SUNDAY, JULY 22, 2018
Max 46º 28 Pages Min 34º 150 Fils Established 1961
ISSUE NO: 17588 The First Daily in the Arabian Gulf www.kuwaittimes.net
Education ministry discovers Bane of Pakistani politicians: Nine family members among 17 Judo federation scraps events 2 more cases of forged diplomas 9 Young voters with smartphones 24 dead in US ‘duck boat’ tragedy 27 in UAE and Tunisia over Israel
Ghanem: Israeli Jewish state law demands strong rebuttal Kuwaiti lawmakers call for united stand against Israel
CAIRO: The Israeli Knesset’s approval of the threatening the Palestinian cause. The Israeli the meeting, hoping that the message, which “Jewish nation-state” law requires a strong aggressors are keen on pushing Arabs was sent to the world, was clear and direct. Arab rebuttal to save the Palestinian cause towards mental and moral defeat; however, Three Kuwaiti MPs also urged the interna- from its current dire situation, said Kuwaiti this should be countered with solidarity and a tional community to take decisive action over National Assembly Speaker Marzouq Al- firm stance to foil Israel’s attempts at Arab “Israel’s perpetual atrocities against the Ghanem yesterday. Delivering his speech to and Islamic disunity, said Ghanem. He Palestinian people.” “We need an appropriate the 28th session of the Inter-Arab affirmed that Kuwait, along with all Arab and and responsive action that addresses the Parliamentary Union, Ghanem affirmed that Islamic nations, would find a way to resolve reality on the ground,” MP Abdullah Abul told the Palestinian cause has a geopolitical and the Palestinian cause once and for all to KUNA yesterday. Abul emphasized that security significance, which required utmost ensure justice will prevail. “Israel’s transgressions should cease immedi- attention on part of the Arab countries. He cit- Ghanem later said the vast majority of the ately,” saying that Arab states would continue ed HH the Amir Sheikh Sabah Al-Ahmad Al- global community believes in the righteous- to stand by the Palestinians until their aspira- Jaber Al-Sabah’s speech at the recently-held ness of the Palestinian cause. Speaking to tions for statehood ultimately turn into reality. Istanbul OIC extraordinary summit, which KUNA after the conclusion of the extraordi- Another Kuwaiti lawmaker, Ali Al-Deqbasi, mainly focused on the Palestinian cause and its nary session, he said that the meeting was said that his country is “honored to be at the importance to regional stability and security. held upon a request by the Kuwaiti parlia- forefront of Arab nations to have supported The top Kuwaiti parliamentarian warned of ment in a clear act of solidarity with the the Palestinians”. He added that the gathering, the serious consequences of ignoring the just Palestinian people. The session reflected a requested by Ghanem, represents a “stand cause of the Palestinian people, affirming that strong Arab stance against Israel’s inhumane against the violent crimes Israel has commit- if the matter was left unsolved, the issue will actions, indicated Ghanem, who stressed that ted against the Palestinian people”. have an impact on the Arab world. Ghanem it was important for the international commu- Similarly, MP Ouda Al-Ruwaei urged the called on his Arab brethren to rise above the nity to hold the Israelis accountable for the entire Arab region to work as a cohesive unit CAIRO: National Assembly Speaker Marzouq Al-Ghanem delivers his speech to the feelings of loss and desperation, focusing all violations committed against the Palestinians. on a much larger scale in order to protect the 28th session of the Inter-Arab Parliamentary Union yesterday. — KUNA needed efforts to resolve the dilemmas Ghanem thanked all those who participated in Continued on Page 24 Trump slams ‘perhaps illegal’ Manila mandates Cohen taping $10K deposit for WASHINGTON: US President Donald each helper hired Trump yesterday slammed his ex-lawyer Michael Cohen, saying he may have act- By A Saleh ed illegally in secretly taping their dis- cussion about payments to a former KUWAIT: Despite signing a memorandum of Playboy model over an alleged affair. It agreement between the governments of Kuwait and was Trump’s first direct reaction to a the Philippines in May, a new problem has arisen on report broken by the New York Times a recruiting domestic workers from the Philippines, day earlier which said the FBI had said Chairman of Domestic Labor Office Owners seized the recording during a raid on Khalid Al-Dakhnan yesterday, noting that the Philippines authorities recently issued executive Cohen’s office earlier this year. Michael Cohen Donald Trump Karen McDouga Cohen has not yet been arrested or decision number 10/2018 concerning the implemen- tation of the agreement, but added a new condition. charged. “Inconceivable that the gov- haps illegal. The good news is that your birth to their son Barron. She told CNN month earlier to The National Enquirer Dakhnan explained that the new condition, which ernment would break into a lawyer’s favorite President did nothing wrong!” previously that he tried to pay her for sex. for $150,000. The tabloid ultimately sat was not included in the original charter signed in office (early in the morning) - almost Former Playboy model Karen The Wall Street Journal said the Sept on the story, preventing it from becoming unheard of,” Trump tweeted. “Even McDougal claims she had a months-long 2016 conversation between Trump and public. The chairman of its parent compa- May, mandated Kuwaiti domestic labor offices to more inconceivable that a lawyer would affair with Trump after they met in 2006, Cohen was about buying the rights to ny, American Media, is a friend of deposit $10,000 (around KD 3,000) in insurance in tape a client - totally unheard of & per- shortly after Trump’s wife Melania gave McDougal’s story, which she had sold a Trump’s. — AFP Continued on Page 24
Khamenei backs Xi ends visit to UAE with raft of deals Mob kills Muslim remarks to block transporting cows; Gulf oil exports WhatsApp limits DUBAI: Iran’s Supreme Leader Ayatollah Ali Khamenei forwarding in India yesterday backed President Hassan Rouhani’s sugges- tion that Iran may block Gulf oil exports if its own exports are stopped and said negotiations with the NEW DELHI: A Muslim man died early yesterday United States would be an “obvious mistake”. Rouhani’s after he was attacked by vigilantes while transporting apparent threat earlier this month to disrupt oil ship- cows in western India’s Rajasthan state, police said. ments from neighboring countries came in reaction to India has witnessed a spate of lynchings by Hindu looming US sanctions and efforts by Washington to extremist “cow vigilantes” targeting Muslims and low- force all countries to stop buying Iranian oil. caste Dalits accused of killing cows or eating beef and “(Khamenei) said remarks by the president ... that ‘if other mob attacks over child kidnapping rumors. Iran’s oil is not exported, no regional country’s oil will Akbar Khan, 28, was walking with another person be exported,’ were important remarks that reflect the and two cows through Alwar district, around 160 km policy and the approach of (Iran’s) system,” Khamenei’s ABU DHABI: (From left) Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al-Nahyan, Chinese President Xi from the state capital Jaipur, when some local villagers official website said. Iranian officials have in the past Jinping, UAE’s Vice-President, Prime Minister and Ruler of Dubai Sheikh Mohamed bin Rashid Al-Maktoum and attacked them late Friday night. “The incident of alleged threatened to block the Strait of Hormuz, a major oil Chinese first lady Peng Liyuan are seen at the Presidential Airport on Thursday. — AFP lynching of a person transporting bovines in Alwar dis- shipping route, in retaliation for any hostile US action. trict is condemnable,” Rajasthan’s chief minister Khamenei used a speech to foreign ministry officials Vasundhara Raje tweeted after the incident. “Police yesterday to reject any renewed talks with the United DUBAI: The United Arab Emirates yesterday said it Prince Sheikh Mohammed bin Zayed Al-Nahyan during have registered a case and are questioning two sus- States after President Donald Trump’s decision to with- agreed to set up a “comprehensive strategic partner- his visit. Abu Dhabi was the Chinese president’s first pects. Strictest possible action shall be taken against draw from a 2015 international deal over Iran’s nuclear ship” with China as President Xi Jinping wrapped up a stop on a tour which now takes him to Senegal, Rwanda the perpetrators,” she added. program. “The word and even the signature of the three-day visit to the Gulf country. “The UAE and and South Africa. Rajasthan police inspector general Hemant Americans cannot be relied upon, so negotiations with China have agreed to enhance cooperation in all fields A joint statement by China and the UAE, published Priyadarshi told AFP two primary suspects who had America are of no avail,” Khamenei said. It would be an to higher levels and forge overall strategic partner- yesterday by WAM, said the two countries were com- been in police custody had since been arrested. “Both “obvious mistake” to negotiate with the United States ships,” the official WAM news agency said. It said this mitted to bolster cooperation across the board, includ- of them were caught from the crime scene and were as Washington was unreliable, Khamenei added, would “contribute to cementing and intensifying coop- ing politics, economy, oil, gas and security. There would arrested after initial questioning and investigations,” he according to his website. eration, boost joint development and prosperity, which also be joint military training, the two countries agreed. said. “We are still trying to identify all others involved The endorsement by Khamenei, who has the last is consistent with the common interest of both coun- The United Arab Emirates was “keen to deepen coop- in this late night crime. Before dying, the victim told us word on all major issues of state, is likely to discourage tries and their peoples”. eration” which China’s “One Belt, One Road” infrastruc- that the attackers accused him of being a cattle smug- any open opposition to Rouhani’s apparent threat. China and the UAE had already signed on Friday a ture plan, the statement added. The ambitious trillion- gler,” Priyadarshi added. Khamenei also voiced support for continued talks with raft of economic agreements and in the run-up to Xi’s dollar project aims to revive the ancient Silk Road trad- Police said they were still trying to ascertain the Iran’s European partners in the nuclear deal which are visit they agreed oil and trade deals. Xi met UAE Vice ing routes with a global networks of ports, roads and exact sequence of events, reason for the attack and the preparing a package of economic measures to offset President Sheikh Mohammed bin Rashid al-Maktoum, railways. number of attackers. Continued on Page 24 who is also ruler of Dubai, and Abu Dhabi’s Crown Continued on Page 24 Continued on Page 24 2 Local Sunday, July 22, 2018 Higher Education Ministry reports 40 forged diplomas to Public Prosecution Interior Ministry administrator busted with fake degree
KUWAIT: Minister of Higher Education Dr Hamed Al-Azmi Ahmad Al-Sabah, who gave order to enforce the law regard- revealed that the Ministry of Fake certificates announced yesterday that the ministry filed over 40 reports of less of the violator,” Al-Anbaa reported, quoting the anony- Health is investigating several The fake certificates’ issue was discovered when a suspected forged diplomas and turned them to the Public mous source. doctors, pharmacists, nurses government body requested verifying the certificate sub- Prosecution to complete the legal procedures. “The initial and technicians who received mitted by someone applying for a job in February, inspection led to the discovery of a number of forged diplomas Recent case their PhDs while working, on Undersecretary of the ministry of higher education which called for an extra effort with the Ministry of Interior to Furthermore, the source revealed a recent case recently suspicions that their degrees Subaih Al-Mukhaizeem said. “The ministry contacted our find out who is behind this problem,” said Azmi, also Minister discovered of a Kuwaiti man working as an administrator at could be forged. relevant cultural office and the concerned university of Education. “We are continuing our internal investigation into the Interior Ministry. The man was reportedly hired after Those employees received denied that the applicant had ever been registered or the matter and the results will be forwarded to the Public receiving a forged university degree four years ago, and was their degrees from universities studied there,” he explained, noting that the entire matter Prosecution as the process continues,” Azmi added. since promoted to a department’s head then became a in various countries including was then referred for investigation before referring it to In the meantime, a newspaper report published yesterday supervisor, and received salary increases in the process. He Pakistan, Philippines and Jordan, the public prosecution. Mukhaizeem added that the sig- quoted a security sources who said that a number of forgers reportedly obtained his degree from Egypt, and it was Al-Jarida daily reported quot- nature of the clerk who was supposed to check the cer- are expected to be arrested and sent to the public prosecu- attested by the Ministry of Higher Education at the time. ing the anonymous sources, tificate was also forged as someone else signed it while tion soon, adding that they would be legally obliged to return Police arrested the man at his office after obtaining a warrant who added that the ministry is the clerk was on vacation. He also stressed that by money that they have collected for selling forged degrees. based on investigation’s results which confirmed that his Dr Hamed Al-Azmi coordinating with the higher checking with the database, it was noticed that such cas- “Nobody is above the law as instructed by First Deputy degree was forged. education ministry to gather es are increasing and all endorsements were made using Premier and Defense Minister Sheikh Nasser Sabah Al- Meanwhile, another newspaper quoted sources who data about those involved. fake signatures.
should be annual, unified and rest stops and chalet services centers is being signed Considerable progress Impossible to divide general, which makes it between the finance ministry and the investor who won The Sabah Al-Salem university project has made con- impossible to divide expen- segment A of the project, while the railway project still siderable progress as 42 percent of the project is com- diture between citizens and awaits the finance ministry approval of its cost. plete, showed the annual follow-up report of the 2017- expenses between expats because general 2018 phase of the development plan. The report also said expenditure is spent on pub- New teachers that the project includes 12 sub-projects with a total cost citizens, expats: lic services like electricity, Two committees will leave on July 28 for Palestine and of KD 225.5 million. water, fuel, roads, cleaning Egypt to hire teachers to work at public schools in Kuwait and other services provided this upcoming academic year, Ministry of Educations Civil Defense Minister for the entire population. (MoE) assistant undersecretary for public education Acting Kuwait Municipality Director Abdullah Emadi Responding to another Fatima Al-Kandari announced. The committee seeks to approved a request by the Ministry of Interior (MoI) to inquiry about assessing the allocate a site to build a civil defense center over an area By A Saleh hire mathematics teachers from Palestine and male practi- biometric access system at cal studies, craft and fine art teachers as well as female of 2,930 sq m in Rai, provided coordination is made with state department, Hajraf the services ministry and general conditions are respected. KUWAIT: Finance Minister Dr Nayef Al-Hajraf stressed music teachers from Egypt, he explained. Kandari added stressed it is too early to Emadi also approved a request by the Public Utilities that state budget expenses cannot be divided into expens- that the committees sent to Tunisia had already inter- Dr Nayef Al-Hajraf assess the impact of using Management Company (PUMC) to increase the total area es on citizens and expatriates because state budgets are viewed and signed contracts with 40 male French teachers the system, though primary of the parking spaces opposite Seif Palace from 7,572 to allocated for spending on various public services and and 50 female physical education teachers. indicators show a large number of employees’ commitment 10,722 sq m. amenities. Responding to an inquiry by MP Abdulkareem to working hours. Al-Kandari about how much of the state budget is spent Jaber Hospital on citizens and how much is spent on expats, Hajraf The Ministry of Health (MoH) asked the Civil Service Rent value stressed that article 140 of the constitution states that: Commission (CSC) to provide 5,000 positions to hire Kuwait Authority for Partnership Projects (KAPP) “The government draws up the annual budget, comprising medical and administrative staff for Jaber Hospital and a announced that the rent value of the projects previously local spotlight the revenue and expenditure of the state, and submits it to similar number to work in other medical facilities, to which rented on build-operate-transfer (BOT) bases increased the National Assembly for examination and approval at CSC responded that it would be hard to hire these num- from KD 3.6 million to KD 20 million. The authority elabo- least two months before the end of each current financial rated that the solid wastes treatment project in Kabd was bers at the time being and only promised to allow hiring year”, and that article 141 states that:”(1) The budget shall referred to the Cabinet for final approval pending offering rare technical and nursing staff and doctors. Notably, Jaber Forging of a society be discussed in the National Assembly part by part. (2) it for bidding. The authority said documents of the labor Hospital is one of the most important projects in Kuwait’s None of the public revenues may be allocated for a specif- cities’ project in Southern Jahra had been reviewed pend- development plan with a cost of KD 304 million and a ic purpose except by law”. ing the final report from the project consultant and send- 1,168-bed capacity, of which MoH announced that only 10 Hajraf stressed that based on those two articles, budg- ing it to the fatwa and legislation department. The authori- percent would be initially opened along with outpatient ets are set according to three basic principles - they ty also said the contract of the project of building highway departments and the casualty department. By Muna Al-Fuzai MoH to hire Kuwaiti engineers [email protected] By Meshaal Al-Enezi he Kuwaiti society has been preoccupied over KUWAIT: Kuwait Society of Engineers (KSE) announced the past two days with the issue of forged edu- signing an agreement with the Ministry of Health (MoH) to Tcational certificates that were sold and given to attract more Kuwaiti engineers, including medical equip- some people by corrupt employees. This is not unusual ment engineers, to work in various health facilities. KSE in any society with corrupt employees and people with Chairman Faisal Al-Atel signed the agreement with MoH money. The suspects are now being transferred to the Undersecretary Dr Mustafa Redha. Atel said in a state- public prosecution for investigations. But, as usual in ment that he met Redha, who welcomed the proposal and Kuwait, this has turned into a media frenzy and fodder noted that attracting more Kuwaitis to join MoH will help for rumors, until people forget about the subject either create job opportunities for scores of Kuwaiti engineers because it becomes old or repetitive or a new topic awaiting employment. Atel added that Redha agreed to arises for another media storm! take part in the four-day Governmental Facilities Last week people were busy talking about the situa- Management Conference, which KSE plans to hold in tion in Iraq that ended up with complete silence, and no November under the auspices of Health Minister Sheikh one knows what is happening now. Did things calm Dr Basel Al-Sabah and in collaboration with Kuwait down, or ended, or what?! University’s civil engineering department. I read an interesting tweet by someone who said Kuwait has become like an imaginary play city - noth- Beggars arrested ing is real, but everyone is happy! It is an unfortunate The Public Authority for Manpower’s Director Ahmad description of an existing reality and a beautiful coun- Moussa said a joint committee inspected various areas try like Kuwait. There are many people like me who are around Kuwait, which resulted in arresting seven beggars upset by the state of the country and the spread of cor- and referring them to relevant authorities pending depor- ruption. It is not just the question of forging a diploma, tation. The committee comprises members from the but the normalization of corruption and forgery. I think authority, in addition to Kuwait Municipality, Ministry of frequent talk about the spread of fraud may turn it into Interior and Ministry of Commerce and Industry. a normal practice, and this is dangerous. At a time when there is great uproar about the falsi- fication of a number of diplomas and their adoption by the government, I hope to see a fuss about the fraud in Cigarettes Kuwaiti nationality and demands to expose all the peo- ple who were granted citizenship without a right, and smuggling foiled who really stands behind this - officials or influential people. Cleaning up the community should begin to By Hanan Al-Saadoun and Agencies neutralize things in an equal and fair way, especially since this issue is affecting the entire society, its com- KUWAIT: Nuwaiseeb land border customs officers con- position and future, as well as security. fiscated 1,973 cartons of cigarettes with passengers travel- This subject is linked to another serious topic of ing out of the country. The commerce ministry bans such dual loyalties - there are those who have been given items from being taken out of the country. nationality without a right and this is an injustice. I believe this is an extremely important issue far beyond Theft a few forged certificates of some people. Another wor- An Egyptian man asked a friend to transfer KD 1,000 rying issue is the misuse of social media, especially to his children in Egypt, but the friend sent the money to WhatsApp, for spreading false articles and malicious his wife instead. A security source said when the man dis- stories. covered the money did not reach his children, he called his For example, a report was spread on WhatsApp by a friend to know the reason, but the friend denied receiving Kuwaiti woman accusing a Kuwaiti professor and a for- any money. The victim went to the police, and they were mer government official of obtaining his PhD degree by able to locate and arrest the suspect, who confessed to forgery. This woman used a mobile app to accuse a taking the money and transferring it to his wife. In another case, a Gulf national told Sulaibiya police that SR 32,000 man without evidence and it is natural that this man will disappeared from his house. He said someone broke into a defend himself through a long article on WhatsApp too, safe and took the money. Police are investigating. until it turns into a personal war. People become busy following this verbal war and forget that there is a big- Drug possession ger issue than these two. I know that this matter may Two Ahmadi policemen controlled a citizen after he end in court, but there is no winner here. attempted to prevent them from taking drugs that were on Fraud affects the entire society, but there are other him in Egaila. He was taken to the Drugs Control General key issues that need local attention as well, especially Department. The citizen’s car was swerving, so he was from the financial and economic aspect, such as the pulled over and found under the influence of drugs and merger of two local Islamic banks, but such issues are incoherent. He was removed from the car, then when police difficult to understand by the public. So social media were searching it, he attacked them. becomes an arena for talks and rumors with little truth, until people become confused. They do not know what Fugitives caught is true and what is fake. Farwaniya police arrested a citizen in his sixties wanted Is there a solution? I am not against freedom of over a civil case. The suspect did not pull over when he speech, but when society becomes a battlefield with was asked to do so, so he was chased and stopped and verbal fighting and abuse through social media and found wanted over a KD 64,000 debt. Meanwhile, Ahmadi mobile apps, it makes me concerned. When I see the detectives arrested a citizen wanted to serve a four-year words ‘fraud’ and ‘corruption’ on a daily basis, I worry jail sentence for swindling, who has been at large since not about the day I live, but about the future. 1998. She was sent to concerned authorities. Established 1961 3 Local Sunday, July 22, 2018 S&P affirms Kuwait’s AA sovereign credit rating ‘Kuwait holds extremely large net asset positions’
KUWAIT: Standard and Poor’s affirmed said. However, it added, large fiscal and production capacity to four million bpd by Friday Kuwait’s (AA/A-1+) long and short- external assets that were accumulated 2020. Over the next few years, it expected term foreign and local currency sovereign owing to past oil windfalls have afforded several projects in power, infrastructure, credit ratings, with stable economic out- policymakers space to phase in fiscal and housing, currently in various stages of look. The credit rating agency, in a state- reforms gradually and counter decline in implementation, to be launched and com- ment on its website, said it expected Kuwait hydrocarbon sector by increased spending pleted. to continue to hold “extremely large” gov- under Kuwait National Development Plan, ernment and external net asset positions, particularly on infrastructure projects. It Fiscal reforms which would allow authorities to gradually forecasted economic activity to pick up S&P expects the government of Kuwait implement reforms. over the next four years after contracting in to delay some fiscal reforms in light of S&P said stable outlook reflects expec- 2017. “We expect rising oil production from higher oil prices, particularly the introduc- tation that Kuwait’s public and external bal- the second half of 2018 and public invest- tion of VAT, leading to continued central ance sheets would remain strong over the ment to drive real GDP growth of 2.8 per- government budget deficits. The govern- next two years, backed by a significant cent on average over 2018-2021,” it said. ment plans to meet financing needs by bal- stock of financial assets.” We expect these ancing debt issuances and asset drawdown, strengths to offset risks related to volatile Domestic politics subject to parliamentary approval. Kuwait oil prices, Kuwait’s undiversified economy, Although domestic politics remains con- still maintains one of the largest pools of and rising geopolitical tensions in the tentious, with strong parliamentary opposi- liquid external assets of all the sovereigns region,” it said. It added it could lower rat- tion to fiscal austerity, S&P did not antici- “we rate, and in a stress scenario, we ings if it lower assessment of monetary flex- pate any significant risk to the manage- believe it would be able to defend its cur- ibility in Kuwait, and could also lower rat- ment of public finances or the economy. It rency peg.” Lower oil prices since 2014 cent of GDP in 2017-18. “We anticipate that added Kuwait ranked the highest among all ings if Kuwait’s domestic political stability predicted oil prices of Brent crude to aver- have caused Kuwait’s government balance recurrent investment income will allow the the sovereigns rated by S&P Global Ratings deteriorated, or if geopolitical risks were to age $65 per barrel in 2018, before falling to remain deep in deficit, having been in general government budget to remain in in terms of net general government assets. significantly escalate. “We could raise the to $60 per barrel in 2019 and $55 per bar- surplus in the fiscal year ended March 31, surplus over the forecast horizon, with the It also estimated Kuwait’s net external asset ratings if political reforms enhanced institu- rel over 2020-21.Despite higher oil prices 2014 or fiscal 2013. surplus averaging more than 10 percent of position to remain very strong at more than tional effectiveness and improved long- of $55 per barrel in 2017 relative to the During fiscal 2017, S&P estimated the GDP over fiscal 2018-2021.”The parliament six times of current account payments over term economic diversification, although we previous year, Kuwait experienced a large government deficit narrowing to 14.6 per- has delayed passing of a new debt law after 2018-21, while current account receipts think such a scenario is unlikely over the contraction in real GDP growth of 2.9 per- cent of GDP, from close to 18 percent in fis- the previous one expired in October 2017, plus usable reserves will cover the country’s forecast horizon,” said the agency. cent, said S&P. The decline was mainly due cal 2016, owing to higher oil revenues. “We obstructing any debt issuance thus far in gross external financing needs over the next to a five percent decrease in oil production estimate that temporarily higher oil prices 2018. As a result, the government has four years. Accumulated buffers implemented under the Organization of the in 2018 will support a further reduction in resorted to drawing down from the KIA’s S&P said Kuwait’s metrics remained S&P said ratings on Kuwait continue to Petroleum Exporting Countries’ (OPEC) the deficit to 10.6 percent of GDP in fiscal General Reserve Fund (GRF) to meet its stronger than most peers, including in the be supported by sovereign’s high levels of agreement. “We expect growth to return 2018,” it added. The government’s policy funding needs, said the agency. GCC. Kuwait’s exchange rate is pegged to accumulated fiscal and external buffers. The to positive territory in 2018 on the back of response to lower oil prices has been fairly an undisclosed basket of currencies. This ratings are constrained by concentrated some recovery in oil production expected limited and gradual, given the large fiscal Balanced strategy basket is dominated by the US Dollar, the nature of economy and regional geopoliti- in the second half of the year ... and steady buffers, opposition in parliament, and the S&P expects the government to pursue a currency in which the majority of Kuwaiti cal tensions. Kuwait derives around 55 per- public spending on infrastructure projects. political will to maintain the social contract more balanced financing strategy between exports are priced and transacted. cent of GDP, more than 90 percent of Higher oil prices in 2018-2019 and the with its population and preserve the wel- new debt and asset drawdown from 2019, “Kuwait’s regime is somewhat more flexible exports, and about 90 percent of fiscal delay of the introduction of value added fare state. “We expect reform momentum subject to parliamentary approval of the than the foreign exchange regimes in most receipts from hydrocarbon products. Given tax (VAT) will also likely support private aimed at diversifying revenues will slow fur- debt law. Kuwait issued its first sovereign other GCC countries, which maintain a peg this high reliance on oil sector, S&P view and public consumption,” it noted. Over ther in the context of higher oil prices dur- international bond of $8 billion in 2017, and to the dollar alone. We see evidence of this Kuwait’s economy as undiversified. The the medium term, S&P anticipated Kuwaiti ing 2018,” it warned, citing delay in imple- will likely continue to tap external bond in the recent hiking cycles by the US sharp fall in oil prices since 2014 caused oil output to rise to over three million bar- mentation of VAT from 2019 due to non- markets given current favorable rates, par- Federal Reserve, where the Central Bank of some deterioration in Kuwait’s income lev- rels per day (bpd) by 2020, from around parliamentary approval. At the general gov- ticularly compared with external asset Kuwait decided to leave the key discount els as well as in its fiscal and external met- 2.7 million bpd currently, part of Kuwait ernment level, S&P estimated estimate returns. It projected total KIA assets to rate unchanged and lift only the deposit rics, similar to other large oil exporters, it Petroleum Corporation plans to raise oil Kuwait to run a fiscal surplus of eight per- about 3.6 fold of GDP at end of 2018. It rate,” it said. —KUNA 4 Local Sunday, July 22, 2018
Photo of the Day
KUWAIT: Traditional Arabic coffee pots arranged on a table at a hotel in Kuwait. — Photo by Joseph Shagra
News in brief KAF honors National Student Ambassadors who have Amir extends condolences to Saudi King committed to making communities safe from violence
KUWAIT: His Highness the Amir Sheikh Sabah Al- WASHINGTON: The Kuwait America Foundation (KAF) Ahmad Al-Jaber Al-Sabah sent a cable of condolences held a ceremony late Thursday in honor and recognition of to Saudi King Salman Bin Abdulaziz Al Saud on Friday the ‘Do the Write Thing’ Challenge (DtWT) National over the passing away of the mother of Prince Juluwi Bin Student Ambassadors who have committed to making Abdulaziz Al Saud. His Highness the Crown Prince communities safe for themselves and future generations Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and His against violence. This year, students from across the US Highness the Prime Minister Sheikh Jaber Al-Mubarak demanded that the nation ensures their safety as well as Al-Hamad Al-Sabah also sent similar cables to King their friends, families, schools and communities. Through Salman. — KUNA their participation in the Challenge, which theme this year is “hear us”, those 49 recognized students shared their compelling stories as they spoke not only of distressing Pompeo thanks Kuwaiti FM and often tragic situations, but also of hope. On this occasion, KAF Chairman Dr Hassan Al- WASHINGTON: US Secretary of State Mike Pompeo Ebraheem said this year “we have witnessed students from spoke on Thursday with Sheikh Sabah Khaled Al-Hamad across the US demand that their safety, as well that of their Al-Sabah, Kuwait’s Acting Prime Minister and Minister friends, families, schools, and communities, is ensured. of Foreign Affairs, to thank him for strong bilateral part- They are speaking up, calling on us to listen and to take nership, it was announced Friday. State Department action to end the violence that they face.” He added that Spokesperson said in a statement that Pompeo “thanked through the ‘Do the Write Thing’ Challenge, “we at the the Foreign Minister for Kuwait’s strong partnership and Kuwait America Foundation have been doing just that. For longtime friendship with the United States.” Pompeo the last 22 years, we have been heeding those calls, seek- also “expressed appreciation for Kuwait’s continued ing to empower youth, through their own words and writ- support for humanitarian causes.” They discussed the ings, with the ability to reduce violence and to help create regional situation, including Iran, and how to further an America in which all children can enjoy safe schools, strengthen robust bilateral economic and trade ties,” the peaceful neighborhoods, and loving homes.” He stressed statement concluded. — KUNA that “we understood that there was perhaps no better way to address the violence that children were facing than by actually asking them. And more importantly, by listening to Kuwait supplies fuel to Iraq them.” “We recognized that their voice was a powerful tool, one that could change the world,” he remarked. “Imagine BAGHDAD: The State of Kuwait will provide fuel to WASHINGTON: Participants perform during a ceremony held by the Kuwait America Foundation (KAF) in Washington, DC how much we could accomplish, the problems not only out of service power stations in Iraq, the Iraqi Ministry late Thursday. — KUNA of Electricity said Friday. A ministerial statement said solved but also avoided altogether, if we just spoke up. that the leadership of Kuwait issued orders to the And in turn heard one another.” He indicated that this plished since this program began, where those students Challenge to do something to help create a safer, more Kuwaiti Oil Ministry to supply fuel to the power sta- year’s writings alone are 90 times the amount received 24 are “all a part of the vision we had so many years ago, and peaceful society. tions in Iraq. It added that a Kuwaiti tanker — filled years ago, as the Challenge has grown into over 77,000 that we continue to nourish and grow. I can truly stay that The KAF was founded in 1991 with its core mission, with 30,000 cubic meters of fuel — would arrive students submitting writings from 24 communities across we have impacted the lives of people around the world.” inspired by Kuwait’s liberation by allied coalition forces in Saturday in the port of Basra, indicating that the the nation this year. Dr Ebraheem said that the longevity of DtWT is a the Gulf War, to express gratitude for American sacrifice process will repeat in the forthcoming days. Iraq is Furthermore, Dr Ebraheem noted that through the writ- “testament of its success, as it reaches students who live and to strengthen ties between the people of the US and witnessing a severe shortage of energy supplies, which ings of the students “we have heard their voices and been with violence in their lives every day and empowers them, Kuwait. Since its inception, KAF has successfully focused are much needed in the advent of the summer season’s inspired by their spirit of determination; the determination through their own writings, with the ability to reduce its resources on educational and cultural exchange pro- heat waves. The lack of public services and electricity and belief that ordinary people, including them, have the violence and to help create an America that is safe for grams for youth and disadvantaged persons, founding and had resulted in mass protests throughout southern power to create change, and to succeed.” Each one of all.” A book that contains a compilation of writings by the sponsoring the ‘Do the Write Thing Challenge’ that over Iraqi cities. Protestors are demanding better services those students has summoned the courage and strength students has been published and placed in the Library of the past 23 years has established itself as a successful pro- and more job opportunities. — KUNA from within, and proven that we each have the power to understand and to triumph over any and all circum- Congress to recognize the ambassadors and all other gram aimed at reducing violence in schools and communi- stances,” he added. He affirmed that a lot has been accom- students they represent who have accepted the ties across the US. — KUNA Roads contracts the community in myriad ways. The Blood KUWAIT: Minister of Public Works and Minister of NBK staff Donation Campaign demonstrates NBK’s State for Municipal Affairs Hussam Al-Roumi signed on lasting commitment to the community. This Thursday three contracts worth KD 18.079 million initiative is a commitment towards all (about $59.6 million) to enhance and maintenance donate blood patients who are in dire need of blood and roads in the governorates of Al-Ahmadi, Hawalli and is held to support the mobile blood unit of the Capital. The ministry said that the first contract, the Blood Bank. worth KD 7.629 million, was signed to develop the KUWAIT: As part of its social responsibili- ty towards the community, NBK actively The Blood Bank team commended roads in Al-Ahmadi governorate, including Al-Eqaila, NBK’s initiative and its continuous cooper- Al-Dahar, Al-Mangaf and Al-Sabahiya. The second organized a Blood Donation Campaign for its staff. NBK staff voluntarily went to the ation in serving the community in the phi- contract, which includes Hawalli governorate areas lanthropist field. NBK strongly supports Hateen and Al-Shuhada, was signed at KD 5.368 mil- Blood Bank and offered their participation for blood donation. The mobile blood unit health care awareness. Throughout the lion. The third contract was signed for maintenance of years, NBK also organized several annual the roads and main streets of the capital governorate of the Blood Bank was available at the Head Office and Arraya building to receive social awareness programs including den- including Al-Daiya and Al-Khaldiya areas with a total tal checkups, blood pressure tests, weight of KD 5.082 million. — KUN the donations. NBK goes far beyond banking to serve checkups and breast cancer awareness. Established 1961 5 Local Sunday, July 22, 2018 Dust storm hits Kuwait
KUWAIT: Dust covers various areas around Kuwait yesterday. — Photos by Fuoad Al-Shaikh and Joseph Shagra
KUWAIT: Kuwait was hit by a heavy dust storm foot rise in sea levels, Qarawi added. Meanwhile, yesterday, caused by strong winds with speeds the Interior Ministry had issued severe weather exceeding 70 kilometers per hour. The strong warnings across the country, calling on drivers to winds resulted from the Indian monsoon season take extra precaution due to impaired visibility. In which is currently affecting Kuwait, weather fore- the meantime, the Directorate General of Civil caster Abdulaziz Al-Qarawi said in a statement yes- Aviation (DGCA) said that operations at Kuwait terday. Powerful northwesterly winds usually international airport continued normally despite the reduce visibility in open areas, leading to a seven- current weather conditions. — KUNA
All crews were well-trained and Diving ships reach ready for the expedition, he added, noting that actual diving had started Friday morning Khairan despite despite the dusty weather. The expedition, which is organized dusty weather by KSSC’s Marine Heritage Committee in the period of July 19-26, is held under supervision KUWAIT: of KSSC’s heritage committee As part of the activities of the 30th Pearl Ali Al-Qabandi Diving Expedition organized by Kuwait Sea Sports supervisor Thamer Al-Sayyar Club, participants already started diving Friday morn- and Bahrain’s veteran skipper ing at the diving area in Khairan. In this regard, KSSC’s Abdurrahman Al-Mena’e. Heritage Committee’s Chairman Ali Al-Qabandi said “Diving will be done daily during daytime until that all 13 ships that were granted by His Highness the Thursday when all ships will sail back to KSSC’s beach Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and for the closing ceremony,” said Qabandi. Notably, from the late Amir Sheikh Jaber Al-Ahmad Al-Jaber Al- KSSC’s media committee plans to organize a cruise for Sabah had safely reached the diving area in Khairan, media figures and journalists to the diving area tomor- adding that the young sailors sailed their boats skillfully row, so that they can closely watch the activities. The from KSSC’s headquarter in Salmiya to the diving area. journey will sail out at 5:30 pm at KSSC headquarters.
KUWAIT: Young divers march towards their boat on the start of the Pearl Diving Expedition on Thursday.
A ship participating in the trip is pictured shortly after setting sail on Thursday. Established 1961
InternationalSUNDAY, JULY 22, 2018 Bane of Pakistani politicians: Voters with smartphones Modi sails through confidence vote with rival’s embrace Page 9 Page 9
GAZA CITY: A picture taken on July 20, 2018 shows a fireball exploding in Gaza City during Israeli bombardment. — AFP Gaza truce largely holds after Israeli strikes Sparked by death of an Israeli soldier shot near the border
GAZA CITY: A ceasefire announced by the Palestinian “the cessation of all forms of military escalation” includ- tory. A fourth Palestinian was shot dead in protests near peace envoy, laid the blame for weeks of increasing ten- Islamist movement Hamas largely held yesterday after a ing Israeli air strikes and Hamas mortars and rockets. the border. The United Nations urged all sides to step sions solely on Hamas. “Hamas works relentlessly to wave of deadly air strikes across Gaza sparked by the The source said that balloons and kites attached with “back from the brink” of war after months of increasing destroy Israeli lives (& Gazans suffer as a result of death of an Israeli soldier shot near the border. The sol- incendiary devices, which Palestinians have been floating tensions. Hamas),” he tweeted, while offering condolences to the dier’s death was the first linked to Gaza violence since a over the border for months to spark fires inside Israel, The soldier, shot dead along the border in southern soldier’s family. 2014 war and raised fears that Israel’s response could were not included in the Gaza, was the first to be killed spiral into full-out war. But the decision of Hamas, which agreement. There was however in and around the Palestinian ‘Temporary reprieve’ rules the enclave, to accept a ceasefire and not further one reported fire in Israel near enclave since a 2014 war Hamas and Israel have fought three wars since 2008. retaliate reduced those fears for now. the Gaza border yesterday, a between Israel and Hamas. Israel has tightened its already crippling blockade of As has been the case with previous such truces, Israel fire department spokesman Three Hamas Friday’s flare-up is the latest as Gaza in recent weeks as it seeks to pressure Hamas to did not confirm the deal announced by Hamas that went said, although its cause was demonstrations and clashes on end the incendiary kites and balloons. Hugh Lovatt, into effect around midnight Friday. There was relative not immediately clear. Israeli militants were the frontier since March have Israel-Palestine fellow at the European Council on calm yesterday except for one incident, with the Israeli politicians have been calling seen at least 149 Palestinians Foreign Relations think-tank, told AFP another round of army saying a tank struck a Hamas observation point for a fierce response to the killed killed. In addition to the shoot- conflict remained highly possible. east of Gaza City in retaliation for an attempted border kites and balloons, which have ing attack, Israel’s army said “The ceasefire is crucial and shows neither side wants infiltration in northern Gaza. There were no reports of caused damage amounting to explosive devices and around war but it’s only a temporary reprieve,” he said. “Unless injuries in that strike and there was no major Israeli millions of shekels (hundreds seven hand grenades were it can be consolidated and translated into a more perma- bombing campaign overnight or mortar fire from the of thousands of dollars). used, while a number of rock- nent agreement that includes an easing of Israeli restric- Palestinian enclave towards Israel. Israel’s army and Prime Minister Benjamin Netanyahu’s ets were launched. tions then we will continue to witness ever more frequent “With Egyptian and UN efforts, we reached (an office declined to confirm a truce was reached. The army said it struck 68 Hamas sites including flare ups.” Mustafa Al-Sawaf, a political analyst close to agreement) to return to the previous state of calm weapon manufacturing sites, a drone warehouse and a Hamas, told AFP that the shooting was seen as a reaction between the (Israeli) occupation and the Palestinian fac- Increasing tensions military operations room. It came only a week after the to the killing of a number of Hamas fighters by Israeli tions,” Hamas spokesman Fawzi Barhoum said in a state- On Friday, three Hamas militants were killed as air most severe exchange of fire between Israel and strikes in recent days. Hamas, he said, would consider its ment early yesterday. A senior Hamas official, speaking raids sent fireballs exploding into the sky over Gaza, Palestinian militants in Gaza since the 2014 war. Jason strategy “successful after this round of confrontation and on condition of anonymity, told AFP the deal involved while Israel said rockets had been fired back at its terri- Greenblatt, US President Donald Trump’s Middle East escalation”. — AFP
Rebels reach north Syria after Some countries deserve south evacuations sanctions waivers, says Mattis
MOREK: Hundreds of rebel fighters and WASHINGTON: US Defense behavior, providing the Secretary of their families arrived yesterday in northwest- Secretary Jim Mattis on Friday spoke in State with a CAATSA waiver authority ern Syria after their evacuation from a south- support of waivers for sanctions being is imperative.” Under CAATSA, any ern province under a deal with the regime, an imposed against nations buying military entity doing business with Russia’s AFP correspondent said. Air strikes by regime gear from Russia. The move comes state, semi-state and private defense ally Russia, meanwhile, on a southern jihadist amid concerns that imposing sanctions, and intelligence sectors could face eco- holdout killed six civilians, a Britain-based particularly in the case of India and nomic sanctions. monitor said. The evacuations from Quneitra other Asian allies, could threaten Appropriate CAATSA waivers allow province, which borders the Israeli-annexed friendly relationships that the US has “nations to build a closer security rela- Golan Heights, came after a Russia-brokered been working to bolster in recent years. tionship with the US as they continue agreement struck earlier this week for rebels India, the world’s top defense to transition from reliance on Russian to cede the territory to the Syrian regime. importer, has purchased Russian mili- military equipment,” said Mattis, who Rebel elements who opposed the territorial tary hardware and expertise for visited India last year. India has handover were given the option to leave. decades, and has been in talks with increasingly turned to the US and Yesterday afternoon, state news agency Moscow to buy S-400 long range sur- France for arms purchases, but is still face-to-air missile systems. Last year, reliant on Russian hardware and SANA said preparations were underway to IDLIB: An evacuated Syrian girl from the area of Fuaa and Kafraya in the Idlib province, looks out of a ferry a second wave of people from Quneitra US lawmakers, seeking to punish expertise to maintain its existing arse- broken bus window as it passes the Al-Eis crossing south of Aleppo during the evacuation of several Russia for its efforts to undermine nal. Mattis said the main question is to the north of Syria. In the morning, a first thousand residents from the two pro-regime towns in northern Syria. — AFP wave of around 50 buses carrying opposition Western democracy, passed the whether the US wants to strengthen fighters and their families reached the Morek Counter America’s Adversaries “partners in key regions or leave them crossing on the edge of northwestern rebel- weapons slung on their backs shared a bite to to be transferred to other buses run by local Through Sanctions Act, or CAATSA. with no other option than to turn to held Idlib province, an AFP correspondent at eat and some water as they stood around NGOs, before travelling further north to tem- “Russia should suffer consequences Russia.” Amid this week’s fallout from the scene said. waiting. Several wore scarves wrapped porary camps in rebel-held areas in Idlib and for its aggressive, destabilizing behav- President Donald Trump’s widely criti- Near the parked buses in Morek, a woman around their faces. Aleppo provinces, the Britain-based monitor ior and its illegal occupation of cized performance at the Helsinki sum- and five children waited by a cluster of small The Syrian Observatory for Human Rights said. “More than half of the evacuees are Ukraine,” Mattis said in a statement. mit with President Vladimir Putin, some suitcases, the eldest among them carrying monitor said the first convoy to reach Morek women and children,” Observatory head Rami “However, as we impose necessary and Democrats called for a tightening of bottles of water and a blanket. Men with light transported around 2,800 people. They were Abdel Rahman said. — AF well-deserved costs for their malign Russia sanctions. — AFP Established 1961 7 International Sunday, July 22, 2018 Knife attacker on Germany bus arrested, nine injured
‘The passengers jumped out of the bus and were screaming’
BERLIN: Nine people were injured in an attack by a man spoken about the incident. He is due to appear before a wielding a knife on a bus in northern Germany, officials judge yesterday. said, although his motive remained unclear. The packed DPA reported that the man ignited a bag he was car- bus was on Friday heading in the direction of rying with fire accelerants. There was no trace of explo- Travemuende, a popular beach destination close to the sives, the agency added. Police from Schleswig-Holstein city of Luebeck, when a man pulled the weapon on pas- said on Twitter that “people were injured. No one was sengers, Luebeck chief prosecutor Ulla Hingst said. killed. The perpetrator was overpowered and is now in Regional interior minister for Schleswig-Holstein police custody.” While the motive has not yet been state, Hans-Joachim Grote, told DPA news agency that established, Germany has been on high alert after several six people suffered knife wounds and three others differ- deadly Islamist extremist attacks. ent injuries, while the attacker also punched the bus driv- er. “Luckily no-one was killed,” Hingst said. “The back- Jihadist attack risk ground to the act as well as exactly how it happened are Security services had long warned of the threat of completely unclear and the objects of our investigation.” more violence after several attacks claimed by the Islamic The bus driver had immediately stopped the vehicle, State jihadist group, the bloodiest of which was a truck allowing passengers to escape. rampage through a Berlin Christmas market in December “The passengers jumped 2016 that left 12 people dead. out of the bus and were That attacker, Tunisian asylum screaming. It was terrible. seeker Anis Amri, hijacked a Then the injured were brought 34-year-old truck and murdered its Polish out. The perpetrator had a driver before killing another 11 kitchen knife,” a witness who German people and wounding dozens lives close to the scene, Lothar more by ploughing the heavy H., told local daily Luebecker citizen of vehicle through the festive Nachrichten. Grote said the Iranian origin market in central Berlin. He was bus driver had avoided the shot dead by Italian police in worst by acting in a “fast and Milan four days later while on courageous manner”. An the run. Germany has since LUBECK: A policeman looks on as a bus, in which a passenger attacked fellow travelers with a knife in unnamed female passenger on been targeted again in attacks the afternoon, is towed away from the crime scene in the evening of July 20. —AFP the bus said one of those injured had only just given up with radical Islamist motives. his seat to an elderly woman, “when the perpetrator In July 2017, a 26-year-old Palestinian asylum seeker train in Bavaria that left five injured. Islamist radicals in Germany, some 980 of whom are stabbed him in the chest”. wielding a knife stormed into a supermarket in the north- In June, German police said they foiled what would deemed particularly dangerous and capable of using A police car which happened to be close by arrived ern port city of Hamburg, killing one person and wound- have been the first biological attack with the arrest of a violence. Around 150 of these potentially dangerous at the scene quickly, allowing officers to detain the ing six others before being detained by passers-by. Tunisian suspected jihadist in possession of the poison individuals have been detained for various offences. assailant, the newspaper reported. Prosecutor Hingst German prosecutors said the man likely had a “radical ricin and bomb-making material. Germany remains a tar- Chancellor Angela Merkel has allowed in more than one told mass-market daily BILD that the suspected attack- Islamist” motive. IS also claimed responsibility for a get for jihadist groups, in particular because of its million asylum seekers since 2015 — a decision that has er is “a 34-year-old German citizen of Iranian origin”. number of attacks in 2016, including the murder of a involvement in the coalition fighting IS in Iraq and Syria, driven the rise of the far-right Alternative for Germany “We have no indication of political radicalization of any teenager in Hamburg, a suicide bombing in the southern and its deployment in Afghanistan since 2001. (AfD) party, which charges that the influx spells a height- kind,” she said, adding that the suspect had so far not city of Ansbach that wounded 15, and an axe attack on a Security services estimate there are around 11,000 ened security risk. —AFP
owner of a cafe in the town. Ethiopia hopes A peace treaty ended fighting in 2000, but hopes that the frontiers would re-open were scuppered when Ethiopia rejected a UN-backed effort to definitively Eritrea peace will settle the border question two years later. The road Trump backers seize from Zalambessa to Eritrea is blocked by the military, bring prosperity and the once-bustling trade hub where cactuses sprout from conflict-damaged buildings is eerily quiet. on case of jailed ZALAMBESSA: Eighteen years after the guns fell silent Barred from Eritrea’s ports, Ethiopia shifted its sea following Ethiopia’s bloody border war with Eritrea, the trade to neighboring Djibouti, investing heavily in a rail- UK far-right activist frontier town of Zalambessa is a quiet, rubble-strewn way and other infrastructure as it became one of the outpost crossed by a road to nowhere. But change fastest growing economies in Africa. But facing soaring LONDON: Supporters of US President Donald could be on the horizon after the leaders of Ethiopia debt and a foreign exchange shortage, Ethiopia’s new Trump are taking up the cause of a free-speech and Eritrea agreed to re-establish relations, raising prime minister Abiy Ahmed announced in June that he activist jailed in Britain for contempt of court, raising hopes that trade will resume and towns like Zalambessa would privatize key state-owned companies including fears of a far-right revival. Stephen Yaxley-Lennon, will boom again.“There’s no question,” said Tirhas Ethiopian Airlines and Ethio telecom. widely known by his pseudonym Tommy Robinson, was imprisoned for 13 months earlier this year for Gerekidan, a hairdresser in the town. “If the road opens, ASMARA: An Eritrean woman living in Ethiopia is overcome with things will change.” Both small and large businesses in Like slavery live-streaming outside a court in breach of reporting emotions while being reunited with a family member for the first restrictions around a trial. Ethiopia, one of Africa’s fastest-growing economies Getachew Teklemariam, a consultant and former time in more than two decades upon the arrival of the flight despite widespread poverty, would be expected to Ethiopian government adviser, said that while the eco- Robinson is the founder of the English Defence from Ethiopian capital Addis Ababa at Asmara International League (EDL), a fringe group protesting perceived benefit from the border re-opening. But analysts warn nomic reforms and warming relations were not neces- Airport. —AFP sarily linked, they could both reinvigorate the economy. threats from Islamic extremism, and he has a string of that Eritrea, which under President Isaias Afwerki has convictions on charges including assault, fraud and “The rapprochement relieves resources from the mili- become one of the world’s most closed societies with drugs possession. The name he uses is that of a well- an unwelcoming business climate, may not share the tary buildup that has been going on over the years,” Eritrea had been fraught even before the war. The known football hooligan. Conspiracy theories about economic spoils of the new era of engagement. Getachew said. Eritrea responded to Ethiopia’s rejec- smuggling of Ethiopian contraband through Eritrean his case have spread wildly on social media, drawing “The potential for this accord... to revitalise its econ- tion of the UN border settlement with an extensive ports and Asmara’s manipulation of its nakfa currency particular attention in the United States among sup- omy is huge,” said Seth Kaplan, a professor at Johns crackdown on dissent that in turn deterred investment. strained relations and contributed to the border con- porters of the so-called “alt-right”. Hopkins University in the United States who has stud- Repressive policies stifled its emerging entrepreneurial flict. “My fear is now, even after all these years, our reg- The campaign spread further after Donald Trump ied Eritrea’s economy. “The great unknown is what will class, dissidents were arrested and an indefinite military ulatory capacity is not really strong enough to avoid Jr, the US president’s son, retweeted a comment Isaias do.” Eritrea, once a province of Ethiopia that service program was mandated that drew comparisons those sorts of malpractice,” he said. about Robinson. Trump himself drew severe condem- incorporated the single nation’s entire coastline, fought to slavery from the UN. “Eritrea has done almost And even though Ethiopia is eager to access nation in November after retweeting three mislead- a decades-long independence war before voting to everything it can to keep foreign investment out,” Eritrea’s more cost-effective ports of Assab and ing anti-Muslim videos originally posted by Britain leave in 1993. The decision landlocked Africa’s second- Kaplan said. Hundreds of thousands of Eritreans have Massawa, Getachew warned that both are believed to First, another far-right group. Steve Bannon, former most populous country-although Ethiopia continued to fled abroad, partly to avoid conscription which many be run-down after trade dried up following the war. In White House chief strategist, defended Robinson on export through Eritrean ports until a border dispute migrants say contributes to poverty. another sign of the rapid rapprochement, Ethiopia’s for- London’s LBC radio last week, reportedly describing erupted into war in 1998. eign ministry spokesman Meles Alem this week that him off-mic as “the backbone” of Britain. ‘Listening to gunfire’ roads to Assab were already being repaired to enable ‘Systematically bulldozed’ Isaias insisted the mandatory national service was rapid use of the port. ‘Hatred and bigotry’ Eritrean troops poured south into Zalambessa which necessary to deter Ethiopian aggression, but has not Residents living along the frontier are hopeful that The new cause celebre of the populist far-right in is the last Ethiopian town on the main road between the commented on the scheme’s future since the thaw with cross-border trade will begin to flourish and occasional Britain even breached diplomatic circles after Sam countries’ capitals. Eritrea then “systematically bull- Addis Ababa. Kaplan suggested Eritrea may not shootouts between Ethiopian and Eritrean troops will Brownback, Trump’s envoy for international religious dozed” it, the local Catholic bishop wrote in a 2003 let- change its hardline policies or become more welcoming end. “While other people were listening to music, we freedom, raised the issue with British ambassador Kim Darroch at a June lunch. But anti-racism group ter to the United Nations Secretary General. “There to foreigners, but could instead seek investment for two were listening to gunfire,” said Taema, the cafe owner. Hope Not Hate said the notion that Robinson had wasn’t anything left. All we found were rocks that of its most promising sectors-ports and mining. “Being open is better than being closed, and peace is weren’t even a meter in size,” said Taema Lemlem, the Getachew added that trade between Ethiopia and been wrongly imprisoned was “incorrect and con- better than war.” —AFP spiratorial”, calling him a “violent far-right racist”. Times newspaper columnist Francis Eliott warned that the Robinson case, allied with disillusionment over Brexit and fear of immigration, could create “a Undocumented Mexican kids far-right revival”-all “powered by alt-right cash”. Two recent pro-Robinson protests in central London, retrace their parents’ steps at which some demonstrators made Nazi salutes, saw violent confrontations with police and counter- demonstrators. US Republican Congressman Paul TEOPANTLAN: They know the skyscrapers Beneath a canopy of colorful balloons, Gosar came under heavy criticism for speaking at of Manhattan better than this small village in excited Mexican-American children met their one of the rallies last Saturday during Trump’s visit to rural Mexico, but these 18 children are here to equally excited Mexican relatives, who were Britain. meet their extended families and learn about waiting for them with flowers and gifts. “I had “It is inexplicable for a sitting US congressman to the world their parents left behind. Born in the seen pictures of them, but it’s nothing like speak at, let alone attend a rally for someone respon- United States, they have made the trip with- seeing them in real life,” said a beaming sible for spreading as much hate and bigotry as out their parents, who remain undocumented Mauro Ramirez, 60. “I’m so emotional I want Tommy Robinson, Imraan Siddiqi, executive director immigrants and — unlike their US citizen chil- to cry,” he told AFP. of the Arizona branch of the Council on American- dren — cannot travel back to Mexico for fear After the initial embraces, though, the Islamic Relations, said in a statement. —AFP of being detained and deported by American communication problems set in for many. border authorities. But the children wanted to Some of the older villagers only spoke the meet their grandparents and other relatives indigenous Nahuatl language, while some of for the first time back in their parents’ native the children only spoke English. The lapsed Teopantlan, a remote village of modest brick years also suddenly made themselves TEOPANTLAN: US-born Mexicans (L-R) Jocelyn, Vanesa and Diana Ramirez speak houses tucked into the hills of central Mexico. painfully apparent. One grandfather wearing on the phone with their mother who is in the United States with their cousin “My little niece, the four-year-old, keeps a giant sombrero brought his 15-year-old Jasmin Perez during a family reunion for 18 US-born Mexican children in their par- talking to me in English. But I don’t speak a grandson — a nearly grown adult — a giant ents’ homeland organized by a Mexican NGO. —AFP word of it,” said 57-year-old Maria with a children’s stuffed animal. They proceeded to smile after meeting her four nieces. The trip sit down together, side by side, in silence. was organized by charitable organizations, Rosales. He estimates about 2,000 villagers than in the United States,” said Francisco which got the parents’ permission to take ‘Mexican there, American here’ have left over the years, mainly for New Romero, one of the organizers. “It gives fam- their children out of the country. After a Teopantlan, a corn- and sugar cane- York, where they have their own enclave in ilies an alternative in the current climate of long and winding trip from the Mexico City farming community, has long been a village the borough of Queens. irrational immigration policy in both the airport, some 120 kilometers away, the kids of emigrants. “Around 40 percent of our This is the first time anyone has organized United States and Mexico,” he said. The chil- got out of their mini-bus in Teopantlan’s young people emigrate, because there are no a reunion. “It’s a symbolic event reuniting dren’s parents joined in as best they could central square. jobs here,” said the mayor, Esteban Ramirez families in their native community, rather from afar.—AFP 8 International Sunday, July 22, 2018 EU migrant policy suffers blow as Italy, Libya reject proposals Agreed to set up ‘disembarkation platforms’ outside the bloc BRUSSELS: The European Union’s migrant strategy suf- host such centers. “We also won’t agree on any deals with fered a major new setback Friday with Italy refusing to EU money about taking in more illegal migrants,” the freely accept people rescued at sea and Libya spurning a Libyan premier told Germany’s Bild newspaper. Sarraj said proposal for asylum processing centers. The salvoes follow European leaders should instead put pressure on migrants’ a fractious EU summit in June which agreed to set up “dis- origin countries to stop them embarking on their journey embarkation platforms” outside the bloc to process in the first place. migrants after Italy’s new populist government said it was Most of the migrants are from the Middle East, Africa closing its ports. and South Asia. Italian Prime Minister Giuseppe Conte has “Italy does not want to be written to European the only country where Commission President Jean- migrants saved at sea by its Claude Juncker saying his own naval units disembark,” These ad country would no longer Foreign Minister Enzo take in migrants plucked Moavero Milanesi said in a let- hoc solutions from the Mediterranean until ter to EU foreign policy chief other member states accept- Federica Mogherini. The will not be ed some of them. Italian position and its implica- Over the last decade, the tions were discussed at a feasible Italian coastguard has coor- meeting on Friday by member dinated the rescue of hun- states in Brussels where diplo- dreds of thousands of mats said countries agreed to migrants off the coast of a “strategic review” of the Libya, in many cases pulling EU’s own naval operations. them from the water themselves in treacherous conditions. Italy commands the European military operation Sophia But as of June, they have been ordered to transfer calls for launched in June 2015 following a series of deadly ship- help and reports of boats in distress to the Libyan capital wrecks in the Mediterranean. “Operation Sophia is main- Tripoli. tained,” an EU diplomat involved in the talks told AFP on Rescued Cameroonian migrant Josepha, 40-years-old, rests on board the Spanish NGO Proactiva Open Friday. “The aim remains to reach a consensus on future ‘Ad hoc solutions won’t work’ Arms boat as it sails back to Spain in the Mediterranean Sea. — AFP action within a European framework and in an orderly Juncker wrote back to Conte saying “these ad hoc solu- process,” the source added. tions will not be feasible in the long term,” according to a deaths or disappearances, despite the fact that overall Rights also opposes the repatriation of migrants to Libya Libyan Prime Minister Fayez al-Sarraj meanwhile copy of a letter seen by AFP. But Juncker agreed to try and departures have dropped sharply since the summer of 2017. on the ground that they could face rights abuse. The rejected the EU proposal for asylum processing centers in identify nations that would shelter rescued migrants until a Under a controversial deal with the EU, Libyan coastguards European Commission, the EU’s executive arm, will discuss his country, saying: “We are strictly against Europe offi- definitive framework was agreed upon as to who would take intercept migrants trying to cross the Mediterranean. in the coming weeks proposals for controlled holding cen- cially placing illegal migrants who are no longer wanted in charge of them. June was the deadliest month in the But the UN has slammed the policy as “inhuman”, not- ters for migrants in member states and cooperation in res- the EU in our country.” Egypt, Morocco and Tunisia were Mediterranean in recent years with the International ing that the migrants are simply brought back to “horrific” cue efforts, spokeswoman Natasha Bertaud said earlier also approached by the EU but have already refused to Organization for Migration (IOM) reporting some 564 detention centers in Libya. The European Court of Human this week. — AFP
After the fall of Rajoy, After 15 years, Spain conservatives thieves behind pick a new leader French heist MADRID: Spain’s conservatives pick a new leader yester- day after ex-prime minister Mariano Rajoy was ousted, with his former right-hand woman Soraya Saenz de surface in Serbia Santamaria vying against 37-year-old Pablo Casado, who would take the Popular Party (PP) further right. After an UZICE, Serbia: They believed they were safe but a few acrimonious campaign that saw mystery videos released blood drops betrayed them: 15 years after a daring rob- attacking both candidates in turn, 3,082 delegates will be bery at a French jewelry store, the four alleged perpetra- casting their ballot in Madrid for the successor of Rajoy, tors have been found-in Serbia. The Belfort job had all who spoke for the last time as PP leader on Friday. In a the hallmarks of a “Pink Panther” operation, the modus long, emotional speech, the 63-year-old asked PP mem- operandi used by an international jewel thief network of bers to “be responsible in carrying out your duties”. Serbs and Montenegrins responsible for some of the The delegates have a choice between Saenz de Santamaria, 47, who for six-and-a-half years was deputy most audacious robberies of the past two decades. prime minister, and Casado, a lawmaker who has promised Between 1999 and 2015, these criminals are thought “hope” with a generational revamp of the party and a step to have carried out at least 380 armed robberies, tar- further to the political right. Both were voted through a geting high-end jewelry stores and snatching 334 mil- first round of unprecedented primaries at the PP. lion euros ($391 million) worth of loot, Interpol says. Yesterday’s victor could become Spain’s next prime One morning in September 2003, a group of masked minister if the PP wins general elections planned for 2020 men burst into a jewelry shop in Belfort, a town in east- at the latest. Saenz de Santamaria is emphasising her con- ern France just 25 kilometers from the Swiss border. MADRID: Spanish lawmaker Pablo Casado is congratulated by former Spanish prime minister and outgo- siderable experience. She doesn’t think the party needs to One pulled a handgun, while the others smashed ing Popular Party (PP) leader Mariano Rajoy (C) after being chosen to be the conservative party’s next be revamped and believes she is most capable of defeating open the glass cases, snatching 350,000 euros worth leader against Soraya Saenz de Santamaria (R) at the end of a party meeting. — AFP Pedro Sanchez, the current Socialist prime minister who of jewelry and watches before fleeing-all within the ousted Rajoy with a parliamentary no-confidence vote. “I space of a minute. Police later managed to arrest their have energy, I want it and I have experience,” she told a offences such as illegally calling a referendum to the criminal tre-right party, angry over the series of corruption scan- Serbian fences, one of whom had a stolen watch on his campaign meeting. “Pedro Sanchez is flying a Boeing 747, code to boost Spain’s legal response to the secession threat. dals that hit the PP in the past years. Jose Pablo Ferrandiz, wrist. But the thieves themselves were never caught. and he doesn’t even have the experience to pilot a light “Dialogue doesn’t work with those who want to break lead researcher at polling company Metroscopia, believes Nor were they identified until 2013 following progress aircraft,” she said of the centre-left opponent. the law,” he said this week. Casado is also against depe- both Saenz de Santamaria and Casado will find it “very in a forensic investigation into traces of blood on one of nalising euthanasia as promoted by the Socialist govern- difficult to attract those who went to Ciudadanos”. The PP, the glass cabinets, on a cupboard and on a Cartier box. Re-energize PP ment and wants to lower income and corporation taxes. which still holds most seats in parliament even if it has lost By analyzing the DNA, they identified two Serb nation- On the other side is Casado, who has criticized his rival’s The winner will have to breathe new life into a party which its absolute majority, will have to rapidly prepare for als who were unknown in France but wanted in Austria: management of the separatist crisis in Catalonia when she was between 2011 general elections, when Rajoy won an municipal, regional and European elections in May 2019. “Zica” and “Boka”, both of them 41 years old. And by in charge of relations between Madrid and regions. He has absolute majority, and the last polls in 2016 has lost three And then further ahead, the party will be striving to re- crosschecking their phone records, they also found the taken a hardline stance on Catalonia, calling for the addition of million voters. Many have migrated to Ciudadanos, a cen- take power from the Socialists. — AFP other two suspected of involvement in the robbery: “Sasa”, 37, and “Luka”, 48. ‘Cult of the criminal’ Macron’s security aide All four come from Uzice, a once prosperous indus- Zimbabwe President trial town some 150 kilometers southwest of Belgrade which has since fallen on hard times. “Most of these scandal deepens with criminals originate from Nis, Cacak and Uzice,” the assures white farmers town’s prosecutor Ljubisa Dragasevic said, explaining minister under fire that many in this western region end up turning to their land is safe crime due to problems making ends meet. But there is HARARE: President Emmerson Mnangagwa yester- also “the cult of the criminal within society, the tough PARIS: The most damaging scandal of Emmanuel day assured Zimbabwe’s white farmers that their land guys”, he said. Macron’s presidency deepened yesterday as his inte- will not be taken, calling on them to work together “In such circles, these activities overseas are a mat- rior minister faces a grilling over his response to a top with the government ahead of landmark elections on ter of prestige. They... see themselves as defenders of security aide caught on video striking a young man at July 30. Under his predecessor Robert Mugabe, white a Paris protest in May. Opposition lawmakers have poor Serb victims of the West,” the prosecutor said. farmers were evicted in favour of landless black peo- demanded that Macron, who has so far remained Even though they have been identified, the four remain ple from 2000 by a controversial policy that wrecked silent about the incident, explain the government’s out of reach for the French justice system because agriculture and triggered an economic collapse. But response after the videos of aide Alexandre Benalla Serbia does not extradite its citizens. less than two weeks to go before Zimbabwe’s first emerged this week. Over the past decade, France and Serbia developed elections since Mugabe’s ouster, Mnangagwa moved Benalla, 26, was initially suspended without pay but close judicial ties following the 2009 murder of a to quash any fears the practice would be repeated. on Friday Macron fired his former security aide, who French football fan in Belgrade, prompting a French “This issue of new (land) invasions is a thing of the judge to demand that the four be summoned to a hear- was taken into custody suspected of unlawfully receiv- PARIS: French President Emmanuel Macron waits for the past. The rule of law must now apply,” Mnangagwa ing before a Serbia prosecutor. ing police surveillance footage in a bid to clear his told a group of about 200 white and Asian people name. Interior Minister Gerard Collomb has been heavi- arrival of his Azerbaijan counterpart for a meeting at the Elysee Presidential Palace. — AFP gathered in the capital Harare, adding that the “ani- Funding a luxury lifestyle ly criticised over the affair, with some opposition law- mal farm mentality,” was a thing of the past. “I am At the hearing in November, all four denied involve- makers saying his job is on the line after press reports saying we should cease to talk about who owns the ment in the robbery. If they were in Belfort at the time, that he knew about Benalla’s violence. newspaper late Thursday, Benalla — who has never farm in terms of color. It is criminal talking about they were there for “techno music parties”, one Collomb will be publicly questioned on Monday been a policeman — is also seen violently wrestling a that. A farmer, black farmer, a white farmer is a claimed. Another said they were there “to buy second- morning by the Law Commission of the National young woman to the ground during scuffles on a Zimbabwean farmer.” hand cars”. Boka had just been jailed over a fatal car Assembly, the head of the lower house of parliament square near the Rue Mouffetard, a picturesque street Mnangagwa said his government was “racially accident, while shortly after the November hearing, announced yesterday. in the fifth arrondissement. blind” and needed the expertise of everyone across Zica and Sasa began serving five years for stealing Also yesterday, three police officers were taken into The three senior officers taken into custody, who the economy. Zimbabwe’s white population has fallen watches worth almost 950,000 euros from a Hamburg custody suspected of providing the surveillance footage belong to the Paris department of public order and traf- to less than one percent of the country’s 16 million jeweler in 2014. to Benalla. They were accused of “misappropriation of fic, include a deputy chief of staff and a commissioner in after Mugabe imposed the policy to expropriate Several of them are also suspected of involvement images from a video surveillance system”, as well as a the fifth arrondissement, as well as the commander in farms in 2000. Agricultural output crashed in the in robberies in Switzerland and The Netherlands. Such “violation of professional secrets”, the prosecutor’s charge of relations between the prefecture and the aftermath, with investors leaving and mass unemploy- audacious robberies fund a lavish lifestyle back home, office said. Elysee Palace, said several sources close to the case. ment forcing millions of Zimbabweans out of the Dragasevic says, explaining that their takings are The Paris police prefecture said the footage was Benalla’s home in the southwestern suburbs of Paris was country to seek work. Mnangagwa acknowledged the quickly spent “in bars and restaurants, taking cocaine, “improperly disclosed to a third party on the evening raided yesterday. failure of the land reforms, saying the expertise of paying for prostitutes... buying luxury cars and of July 18,” the same night the newspaper Le Monde Vincent Crase, a security aide for Macron’s Republic white people in the farming sector was still needed expensive clothes” and often at expensive tourist published the video that sparked the scandal. That on the Move party and an associate of Benalla’s who and encouraging them to take part in rebuilding sites. “Such a lifestyle requires a lot of money, which video, shot on a smartphone, showed Benalla wearing also intervened during the May protest, was also taken Zimbabwe. “We must build the Zimbabwe we want. they spend quickly and then return to their criminal a riot police helmet and surrounded by officers, man- into custody on Friday. The Paris prosecutor’s office We want to restore the status of Zimbabwe as a food activities,” he added. — AFP handling and striking a protester during a May 1 said on Saturday that the custody of both Benalla and basket of the region,” he said. — AFP demonstration. In a second video published by the Crase had been extended by 24 hours. — AFP 9 International Sunday, July 22, 2018 The bane of Pakistani politicians: Young voters with smartphones
46 million people below the age of 35 registered to vote in nationwide elections
ISLAMABAD: The crowd of young Pakistanis, many social media. Analysts are watching closely to see armed with smartphones, surround the politician’s car whether these rare moments of accountability might and begin streaming live footage of something extraor- disrupt the way the major political parties have long dinary: angry voters asking their elected representa- relied on rural politicians and their huge vote banks as tives what they have done for them lately. A titanic 46 a shortcut to power. million people below the age of 35 are registered to vote in nationwide elections on July 25 — many of ‘My vote can bring change’ them savvy social media users who are posting videos The videos’ popularity is a sign of simmering resent- calling out the powerful. ment against corrupt politicians among Pakistan’s In one clip, influential politician, landowner and tribal youth, says Sarwar Bari, an analyst at the Free and Fair chief Sikandar Hayat Khan Bosan is filmed in his car in Election Network (FAFEN), a democratic watchdog. the central city of Multan surrounded by young men Historically apathetic, young Pakistanis first emerged as chanting “thief” and “turncoat”. “Where were you dur- a political force in the 2013 elections, when a genera- ing the last five years?” they ask Bosan, complaining tion who grew up idolizing cricketer-turned-politician over the poor state of roads Imran Khan voted for his in the area. An aide can be Pakistan Tehreek-e-Insaf par- heard pleading that the ty in droves. leader is feeling unwell. Under-35s represent a To be held accountable in massive proportion of the total such a public manner is vir- Concerns electorate of 106 million vot- tually unheard of for most over election ers registered in the 2018 Pakistani politicians, espe- elections. More than 17 million cially in rural areas where rigging mount are in the 18-25 age bracket, many of the videos have with a huge chunk set to cast been filmed. There feudal their ballot for the first time. landowners, village elders The Asia Foundation noted in and religious leaders have a recent report that many ISLAMABAD: In this picture taken on July 12, 2018, students use their mobile phones at a campus in for decades been elected unopposed. Many are young people are increasingly engaged in the demo- Islamabad. —AFP known to use their power over residents to bend them cratic process, particularly through the widespread use to their will. of social media. Dubbed the “electables”, these politicians command If so, and as concerns over election rigging mount media is helping to create a more democratic and par- Polls still broadly indicate youth support for PTI and huge vote banks. Most also take a flexible approach to ahead of the vote, the impact of uncensored content ticipatory form of government, argues Maham Khan, a Khan’s populist, reformist agenda, though the shine may ideology, and are highly courted by political parties, such as the viral videos could become significant, ana- 21-year-old student of international relations at the have gone off the sportsman somewhat-one of the viral who view winning their allegiance as a passport to lysts say. “Social media has emerged as a democracy Quaid-i-Azam university in Islamabad. videos shows him being whisked away by aides as a power. But videos like the one of Bosan have gone viral strengthening tool,” says Shahzad Ahmed, director of She references protests in Cairo in 2011 which were similar crowd challenges him in Karachi. Nevertheless, in the weeks leading up to the polls, shared thousands Bytes for All, a digital rights group. Bari, who predicts organised via social media and eventually unseated the most students who spoke to AFP expressed hope for of times in a country of some 207 million people, of election turnout will be “massive”, says if even half of then-president Hosni Mubarak. “Basically the youth is change after decades of corrupt political dynasties, and whom roughly a quarter use 3G and 4G internet, the young voters who have seen and shared such actually using social media just like in Egypt, to bring Khan-despite widespread claims he is being backed by according to the Pakistan Telecommunications videos go to the polls “it will strengthen the trust of the about slow social revolution,” she says. But who they the powerful military as they seek a pliant government- Authority. people in the democratic system.” will vote for is hard to predict, with vast socioeconom- represents the best chance of that. “As a first time voter They have also made their way on to Pakistan’s Pakistanis only started to receive high-speed mobile ic, religious and ideological differences between this myself... I’m very excited and I want to be a part of this numerous and raucous television channels, ensuring data in 2014 and its use has spread at one of the high- huge population-though jobs and education are among process through which my vote can bring change,” 23- they are also broadcast to audiences without access to est rates in Asia. Access for young people to social their most unifying demands. year-old Rafey Khan Jaboon said. —AFP
Modi sails through confidence vote Key member resigns with rival’s embrace from Myanmar advisory panel on Rohingya crisis NEW DELHI: India’s ruling party sailed through a confidence vote in a theatrical parliamentary session YANGON: A key member of an international advi- which saw a startled Prime Minister Narendra Modi sory panel on Myanmar’s crisis-hit Rakhine state embraced by his chief political foe. Modi’s Bharatiya has resigned, telling AFP yesterday that the Aung Janata Party (BJP) was in no danger of losing its first San Suu Kyi-appointed board risks becoming “part confidence motion since taking power four years of the problem” in a conflict that forced 700,000 ago, which was prompted by a minor party walking Rohingya Muslims to flee. Retired Thai lawmaker out of the governing coalition. and ambassador Kobsak Chutikul was secretary for After a marathon 12 hours of debate, more than the panel hand-picked by civilian leader Aung San 60 percent of the lower house voted in the BJP’s Suu Kyi to advise her government on how to handle favor, but the vote was overshadowed by the the- the aftermath of a military campaign that drove the atrics of bitter Modi rival Rahul Gandhi. The opposi- minority out of the country. tion Congress party leader crossed the chamber The brutal crackdown started in August last year during debate to give an awkward embrace to a and left hundreds of Rohingya villages razed to the seated and clearly surprised Modi. “You can abuse ground. Refugees to Bangladesh have recounted me and call me names but I don’t have any hatred horrifying testimony of widespread murder, rape towards you,” Gandhi said to cheers from Congress and torture in violence the UN and US have brand- lawmakers just before he hugged his rival. ed as ethnic cleansing. Kobsak Chutikul said his After gathering his wits, Modi called Gandhi position became untenable ahead of a second full meeting of the panel with officials in Myanmar’s again to shake hands and pat his back, and the capital Naypyidaw this week. opposition leader winked mischievously at Congress NEW DELHI: Indian Prime Minister Narendra Modi (C) gestures to senior Bharatiya Janata Party (BJP) “I verbally gave my resignation in a staff meeting colleagues after returning to his seat. Congress later leaders after arriving for the monsoon session of Parliament. —AFP last Tuesday (10 July),” he said by phone from voted against Modi’s government despite the brief Bangkok. The board, he said, risks becoming a “part bonhomie on the parliament floor. The hug has since of the problem”. “It lulls authorities into thinking they gone viral on social media and endlessly dissected transcend rivalry at certain crucial moments,” said confused by Gandhi’s “childish” behavior. Modi and have done enough to respond to the concerns of the non-stop on India’s cable TV channels and went independent analyst Shiv Vishwanathan in comments Gandhi’s running war of words has escalated since international community, that they’ve ticked that box,” viral on social media, with some praising Gandhi’s to the Hindustan. “Today, Rahul Gandhi captured polls showed a decline in the BJP’s popularity, fan- he added. “It becomes dangerous in terms of an illu- apparent gesture of goodwill. that history.” But Modi was less convinced of ning hopes of an opposition comeback in next year’s sion that something is being done... that they’re going “Earlier opposition parties... always managed to Gandhi’s sincerity, later telling parliament he was elections after a Congress rout in 2014. —AFP to do something while Rome burns.” —AFP
Hundreds protest in HK against Thousands protest pro-independence party ban Australia’s refugee HONG KONG: Hundreds of people you have, we need to protect our protested yesterday in Hong Kong freedom of speech and freedom of detention policy after police sought to ban a pro- association,” said Chung Hon Lam, SYDNEY: Thousands of people marched across major independence political party, as high school student and convenor of Australian cities yesterday calling for an end to Canberra’s Beijing ups pressure on challengers pro-independence group offshore detention of asylum-seekers. The government to its territorial sovereignty over the Studentlocalism. Lam accused the sends anyone who tries to enter the country by sea to city. Authorities said the Hong Kong government of using “national securi- camps on Papua New Guinea’s Manus Island or on Nauru National Party (HKNP), a well- ty” as an excuse to target pro-inde- in the Pacific for processing. known but small group with a core pendence parties, and warned it other Protestors took to the streets to mark the fifth anniver- membership of around a dozen, is a pro-democracy parties could be tar- sary of the policy’s reintroduction, when in 2013 Canberra potential threat to national security geted too. significantly toughened its stance, signing deals with the and public safety. The protest came after John Lee, Pacific nations and declaring anyone arriving by boat had Around 500 protesters from differ- Hong Kong’s secretary for security, “no chance” of being settled in Australia. “The policy that ent pro-democracy parties gathered said he was considering a police was introduced in 2013, to expel people-the ‘Fortress in Hong Kong’s Wan Chai district for a request to ban the HKNP. Lee did not Australia’ policy that they (the government) put in place- that has to go,” rally organizer Ian Rintoul from the march organized by the Civil Human elaborate how the party was damag- HONG KONG: Pro-independence protesters march during a demonstration against Article Refugee Action Coalition told Sydney protestors. “So we 23 and bans on freedom of association. — AFP Rights Front (CHRF), a group that ing national security, but said under fight to close the detention centers on Manus and Nauru, does not support independence. They the city’s laws, national security but we fight in that process to bring them here.” included around 50 supporters of includes safeguarding the “territorial Hundreds marched through Sydney shouting, “Free, pro-independence groups, who waved integrity and the independence of the deal. It is the first time such a ban does not support Hong Kong inde- free the refugees”, with banners stating, “Five years too flags and banners — including one People’s Republic of China”. has been sought since Britain handed pendence, but Hong Kong’s high long, evacuate Manus and Nauru”. Joint rallies were held that read “only two countries have Semi-autonomous Hong Kong Hong Kong back to China in 1997, degree of autonomy, and its rights in Melbourne, Adelaide, Brisbane, Canberra and Perth. two systems”, a reference to the “one enjoys freedoms unseen on the main- and is the latest move to stifle any and freedoms, are central to its way Canberra says its policy deters people from embarking on country, two systems” arrangement land, which are protected by the 50- calls for independence, which have of life, and it is important they are treacherous sea journeys, but rights groups and the United under which Hong Kong is currently year handover agreement between infuriated Beijing. Britain has voiced fully respected,” the British foreign Nations have slammed the wealthy nation for turning its governed. Britain and China. But fears are concerns over the suppression of office said in a statement on back on vulnerable people, as reports of abuse, suicide “No matter what political ideology growing that Beijing is trampling the political activity in the city. “The UK Wednesday. —AFP and despondency filter out of the camps. —AFP 10
Analysis Sunday, July 22, 2018
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How Congress can limit Trump Russia damage
By Julia Frifield and David Eckels Wade
fter Donald Trump appeared to side with Vladimir Putin over the US intelligence community’s con- Aclusion that Moscow meddled in the 2016 US election, Congressional Republicans finally spoke out. Days later, with even senior Republican senators appar- ently eager to accept Trump’s claim that he misspoke after his Helsinki meeting with the Russian leader, that initial forceful response has devolved into the foreign policy equivalent of the “thoughts and prayers” offered after school shootings. But Congress need not just be a spectator, cheering or heckling from the stands. Congress has many tools to limit the damage of Washington Watch Trump’s Russia posture; it’s overdue to start using them. We know Congress can do more because - over a com- bined four decades on Capitol Hill and in the State Department - we’ve been on both the giving and receiv- ing ends of vigorous congressional oversight and The ‘Jewish nation-state’ bill activism on foreign policy. Whether through investigations, appropriations, legis- By Dr James J Zogby access to water, and now access to the judiciary. Other this bill now? And why the liberal lament? lation, resolutions, hearings or official travel, Congress laws that were passed after the founding of the state wel- The answer to the first can be found in the political members have a strong hand to play. The Constitution his past week by a vote of 62 to 55, Israel’s Knesset comed all Jews to immigrate and become citizens of Israel, psychology of Netanyahu. Like populist nationalists else- dealt them into the game because its framers knew the passed legislation called “Israel as a Nation-State of while at the same time prohibiting Palestinian refugees where, he instinctively understands the racist inclination of stakes. In the words of policy analyst Jonathan Masters, the Jewish People.” Heralding the passage of the bill, from returning to their homes or properties. And even now, his base. In the 1990’s he fired them up in opposition to the “the periodic tug-of-war between the president and T Prime Minister Benjamin Netanyahu described it as “a should a Palestinian citizen of Israel marry someone from Oslo Accords promising to end the peace process (the Congress over foreign policy is not a by-product of the defining moment in the annals of Zionism and the annals of outside (including from the West Bank), they are prohibit- widow of Yitzack Rabin held Netanyahu responsible for Constitution, but rather, one of its core aims.” Congress the state of Israel...We have determined in law the founding ed from bringing their spouse to live with them in Israel. the anti-peace incitement that led to her husband’s assas- squeezed funding to limit or end controversial military principle of our existence. Israel is the nation-state of the sination). When he felt threatened in his last election he engagements in Vietnam and Central America, and covert Jewish people, and respects the rights of all its citizens.” warned his supporters that “the Arabs were turning out in operations in Angola. In reaction, Israeli hardliners and their supporters in the droves” to defeat him. And now, facing multiple indict- In the mid-1980s, when freshman Senator John Kerry US celebrated the legislation as “clarifying”, while more ments for various forms of corruption, he has resorted to joined Senator Richard Lugar to pass an amendment Bill has liberal voices lamented “the damage the bill does to the naked nationalist appeal as a way to mobilize his base and compelling the Reagan administration to condition aid to ‘Zionist vision’”. This is one debate where I cannot take the divert attention away from his legal challenges. the Philippines on free elections, Filipinos ousted autocrat exposed side of the liberals because in reality, the “Jewish Nation- At the same time, with US President Donald Trump and (and client of former Trump aide Paul Manafort) Ferdinand State” bill is in fact “clarifying” as it merely establishes in the Republican-led Congress under control, Netanyahu Marcos. Congress imposed sanctions on apartheid-era cruel “Basic Law” practices and policies that Israel has been feels emboldened. Not only is he confident that he will not South Africa over the objections of a reluctant administra- implementing since its founding. face any sanctions from the US, but this “Jewish Nation- tion. Congress repeatedly pressed the Clinton administra- apartheid As I demonstrate in my little book “Palestinians, the State” law, coupled with others being implemented by his tion on the Balkans. Lawmakers unilaterally lifted an arms invisible Victims: Political Zionism and the Roots of government, are paving the way for his eventual annexa- embargo to help Bosnian rebels fighting ethnic cleansing, system Palestinian Dispossession,” even before the founding of the tion of the West Bank. which both pressured - and gave leverage to - the admin- state, the operational goals of Political Zionism have been What is confounding, however, is why liberals are sud- istration to intervene forcefully. Jewish exclusivism and Palestinian dispossession. Since its denly concerned as Israel has written into law what they For years, the legislative handiwork of two establishment, the government of Israel has passed over There are still other laws and policies which favor Jewish have been doing for decades with nary a protest. The Republicans (the so-called Helms-Burton law) tied any 60 laws and implemented policies designed to realize over Arab Palestinian citizens. There are, for example, explanation for this was best expressed by Israel’s president’s hands on travel and trade policies with Cuba. those goals. “separate but not equal”: educational systems, social serv- President Reuven Rivlin (not a liberal), when he decried The tragedy of the Iraq War, in retrospect, offers a cau- After 1949, for example, they demolished 349 ice benefits, funds for development and infrastructure, and the language of the legislation saying that it “could harm tionary example of a time where greater congressional Palestinian villages that had belonged to Palestinians who policies regulating political expression. the Jewish people worldwide and in Israel, and could even leverage might have made a difference. were forced to become refugees. Israel seized their lands, be used as a weapon by our enemies.” In other words, Republicans, of course, only recently surrendered this declared that these properties were “state lands” (totaling Discrimination “we’ve been doing all this without anyone noticing for critical leverage to the executive branch. In objection to 93 percent of the land within their new state), and turned And there is clear discriminatory intent in the punish- decades, just don’t formalize it in clear language. It makes President Barack Obama’s nuclear negotiations with Iran, them over to quasi-governmental agencies for “Jewish ments meted out to those who break the law. An Israeli us look bad.” Congress intervened through hearings, attempted appro- only” development. By law, these lands cannot be trans- who mercilessly beat an Eritrean refugee was sentenced In this regard, the clarity that this “Jewish Nation- priations riders, Israeli Prime Minister Netanyahu’s con- ferred to non-Jewish control. In recent years, the Israeli to 100 days of “community service”; an Israeli soldier State” bill provides may be a blessing. It rips the mask off troversial joint address to Congress, and even a widely- Supreme Court upheld a law that gave Israeli Jewish com- who shot to death at point blank range a defenseless of the facade behind which Israel has hidden for years. signed letter to Iran’s Supreme Leader undermining the munities the right to exclude applicants wishing to live Palestinian was sentenced to eight months in prison; What is exposed is the cruel apartheid system that is White House. After the 2012 Benghazi attack that killed there based on their ethnicity or religion. while a young Palestinian girl who slapped an Israeli sol- being implemented in Israel and the occupied Palestinian four Americans, including the US ambassador to Libya, Israel has operated in a similar way in the occupied dier after he had attempted breaking into her home was lands. The time has come for an end to hypocrisy and senior officials were subpoenaed and even unrelated West Bank and “East Jerusalem”. In these areas, they have sentenced to nine months. moral blindness. Israeli practices must be challenged and nominees were held hostage by senators demanding built “Jewish only” housing for over 700,000 Jews, while Since these policies and laws granting preferential people of good will must work together to demand equali- access to documents and witnesses. demolishing over 10,000 Palestinian homes and allowing treatment to Jews over Arabs have been in place, some ty, justice, and human rights. only limited Palestinian development. Additionally, in the since the founding of the state of Israel, two questions NOTE: Dr James J Zogby is the President of the Arab Meaningful hearings occupied lands there are Jewish-only roads, services, must be asked: why was Netanyahu so determined to pass American Institute Not every Congressional attempt to shape foreign pol- icy is appropriate. The most effective policies are biparti- san. Much of what we witnessed on Iran and Benghazi was regrettable, embodying hyper partisanship and invit- simulacrum of a “democracy.” When a US not listening to his advice to leave the about the value of democracy as a political ing dysfunction. But at a moment when the president is Trump could’ve president so lauds a man like Putin, when European Union and promoted her most system, and less hopeful that anything they insulting longtime allies, attacking NATO and shrugging he treats a summit - for which preparation prominent critic, the former Foreign do might influence public policy, according off Russian interference in our electoral process, it’s should be meticulous and performance Secretary Boris Johnson, as her successor. to research by the political scientists essential that Congress find a strong approach instead of been dealer of expressive of values and differences, seek- Both Trudeau and May are dependent Yascha Mounk and Roberto Stefan Foa. allowing legislative muscles to atrophy. ing compromise only where principled - on the United States: He, as a neighbor Yet, according to Richard Fontaine and Meaningful hearings are the first line of defense. the free world as a warm buddy-bath of meaningless whose trade with the colossus to the south Daniel Twining, writing in Foreign Affairs, Oversight committees should press the administration to assurances and compliments, then more accounts for almost 25 percent of Canada’s Washington is “hardly playing defense” detail commitments made to Putin behind closed doors than the American republic is at enor- GDP; she, as one desperately seeking part- against the offensive by Beijing and and explain what’s being done to prepare against future By John Lloyd mous risk. To make it worse, this abase- ners for a post-Brexit world in which trade Moscow - much less “championing a intrusions in US elections. They should also provide a ment followed a trip to Europe in which with the European Union is likely to robust agenda for protecting and enlarging forum to elevate the importance of our European allies, onald Trump cannot be, and per- “set out to humiliate the leaders of sharply diminish. And when the US presi- the free world.” those the president just labeled a “foe.” Where the haps never wished to be, the leader Western Europe and declare them ‘foes’; dent returns to the United States, realizes Some US presidents have been better administration resists providing relevant information, Dof the free world, the burden which to fracture long-standing military, eco- that the storm from within his own party is than others at making such a robust agen- Congress can use its subpoena powers. Congress should has fallen on the shoulders of Oval Office nomic, and political alliances; and to too great to ignore, then mounts so risible da a central goal of their policy. In recent deploy its funding powers as well. That means ensuring occupants since World War Two. America absolve Russia of its attempts to under- a “correction” - “I said the word ‘would’ times, George W Bush, who himself adequate funding for cybersecurity efforts, particularly First means America Withdrawn. But he mine the 2016 election. He did so clearly, instead of ‘wouldn’t” - then we are in a seemed to favor an “America First” policy with regard to the upcoming elections, or attaching could still have been the dealer of the free repeatedly, and with conviction.” world not just where words lose all mean- when he took over the presidency, opened requirements for relevant reporting on elections interfer- world, taking his 1987 book “Trump: The The effect of Trump’s brief stay in ing. We are in an Alice in Wonderland uni- his second term by promising “to seek ence in the funding bills the Senate will pass this August. Art of the Deal” and applying to interna- Europe was to reveal in startling clarity verse where a Trumpty-Dumpty can say and support the growth of democratic Legislating isn’t easy, particularly given the threat of a tional affairs its precepts on how to get the that “conviction,” which seemed to be an “When I use a word, it means just what I movements and institutions in every presidential veto. But that is no reason not to try. better of any negotiation. Had he done so intent to render meaningless all existing choose it to mean - neither more nor less... nation and culture.” Additional Russia sanctions, resolutions reaffirming with at least an eye to Western as well as understandings with major American allies, the question is, which is to be master - Barack Obama was no America Firster, NATO’s mutual defense doctrine (Article 5), or passing the American interests, it might have benefited allowing for no lingering doubts that his that’s all.” but did wish to set limits on the world bipartisan Senate bill to protect Special Counsel Robert us all. (Trump’s co-author, Tony Schwartz, skepticism about NATO and his contempt We are witnessing a sustained attack on policeman role, and encouraged allies, Mueller’s Russia investigation are all ripe for this moment. has now taken to TV and Twitter to warn for Europe - and especially Germany - an assumed system of liberal values by the especially in Europe, to play a larger part Senator Majority Leader Mitch McConnell has canceled that the president’s “continuing meltdown” could be simply a matter of mood. figure who most of all has been tapped, in in upholding global liberal values. Both August recess. Surely there’s time to address Russia, and puts “the republic at enormous risk.”) post-war times, to protect them. The US men proclaimed liberty as at the core of fireproof Mueller’s investigation - which remains the But it seems Trump doesn’t want to be Hapless National Defense Strategy rightly saw the their foreign policy aims. The 45th presi- fastest and best path to understanding the Russian attack the free world’s dealer either. His perform- America’s most intimate allies - the world as one where rival powers, led by dent does not. on our democratic process and to preventing its redux. ance next to a triumphant Vladimir Putin United Kingdom, Canada and Australia, the China, now seek to reduce the West’s Thus, from Donald’s adventures in the Every confirmation hearing can be transformed into a after their July 16 Helsinki meeting shamed pillars of the so-called Anglosphere - are hegemony over a world where some ver- lands of the Europeans, we must recognize Russia hearing; many a nominee has been held up over all (small “d”) democrats. The US president now in the hapless posture of trying to sion of a liberal order - where the rule of that these values must be fought for without much less and, today, what could matter more? has abased himself before one who has retain a “special relationship” with a presi- international law is observed and trade can his help - indeed, at times, with his opposi- NOTE: Julia Frifield was an Assistant Secretary of State seized part of a neighboring state dent who has fun insulting them, as he did be carried out securely - is protected, most tion. The rot, like that of a fish, has started at for Legislative Affairs from 2013-2017 and is senior advisor (Ukraine) while fomenting revolt in another with Canadian premier Justin Trudeau after of all by the United States. the head. We can only hope it doesn’t reach for global affairs at Johns Hopkins University. David Eckels part, helped ensure the victory of authori- refusing to sign the G7 joint statement fol- For the present, the most important too far before a new head is found. Wade was Chief of Staff to the Chairman of the Senate tarian leader Bashar Al-Assad in Syria’s lowing the group’s meeting in Canada last question is how far the West will continue NOTE: John Lloyd co-founded the Foreign Relations Committee and Chief of Staff to the US civil war, closed down most independent month, and as he did with British Prime to be able to defend and project liberal Reuters Institute for the Study of Journalism Department of State from 2013-2015 — Reuters civil society institutions in Russia, and mar- Minister Theresa May, when, as her guest democratic values. The young almost at the University of Oxford, where he is sen- ginalized all challenges to his cardboard during a visit to the UK, he chided her for everywhere have become more cynical ior research fellow — Reuters Established 1961
SUNDAY, JULY 22, 2018
Kuwait’s consumer spending Farnborough airshowBusiness unveils Boursa Kuwait awarded 12rebounds, resumes expansion 13 $192 billion in new orders 14 full membership at FEAS
BUENOS AIRES: People protest against IMF in the framework of the meeting of Group of 20 finance ministers in Buenos Aires, on Friday. Global trade conflicts triggered by the protectionist policies of US President Donald Trump are set to dominate this weekend’s meeting of Group of 20 finance ministers in Buenos Aires. — AFP Gulf Bank records 18% increase in H1 net profit Bank generates KD 27m in net profit, KD 77m in net interest income for H1 2018
KUWAIT: Gulf Bank K.S.C.P. announced its financial These great results highlight the Bank’s progress quar- addition to Moody’s recent results for the first half of 2018. The Bank recorded a ter after quarter, and confirm that we are on the right upgrade, S&P Global Ratings net profit of KD 27 million in the first 6 months of track in delivering sustainable results.” On the inclusion affirmed the Bank’s issuer credit 2018, an increase of 18 percent over the same period of Gulf Bank to MSCI Frontier Markets Index, Alghanim rating at “A-”with a “Stable” out- in 2017. The Bank generated net interest income of said:” This is great news to Gulf Bank’s shareholders. look in June 2018. Capital KD 77 million during the first half of 2018, 21 percent The inclusion of Gulf Bank shares in the MSCI Frontier Intelligence on the other hand, above the prior year and operating income of KD 97 Markets Index during its May 2018 semiannual review has upgraded the Bank’s rating to million, 8 percent over the will attract international “A-” from “BBB+” with a same period in 2017. The investors and support the liq- “Stable” outlook in April 2018. In operating profit before pro- uidity and attractiveness of Omar Kutayba December 2017, Fitch Ratings visions / impairment losses Alghanim: We’re Gulf Bank’s shares.” Alghanim had upgraded Gulf Bank’s viabili- was KD 65 million during the on right track ty rating from “bb” to “bb+” and first half of 2018, recording Positive outlook and “A” affirmed the bank’s Long-Term growth of 8 percent, over the in delivering credit ratings Issuer Default Rating at “A+” with a “Stable” Outlook. same period in 2017. Gulf Bank continues to be Total general provisions sustainable results well recognized in terms of its Recognition on the balance sheet were at credit worthiness and financial During the second quarter of 2018, Gulf Bank was KD 220 million, represent- strength internationally as it is voted ‘Best Retail Bank in Kuwait’, by The Banker ing nearly 36 percent of now rated “A” by all four lead- Middle East, the region’s leading banking industry shareholders’ equity as at ing credit rating agencies with magazine, for the 3rd consecutive year. The award rec- 30 June 2018, and total assets increased by 4 percent a recent revision of the Bank’s outlook from “Stable” to ognizes the Bank’s outstanding performance in the to KD 5.84 billion compared to 30 June 2017. Total “Positive” by Moody’s Investors Service in May 2018. retail sector and highlights its understanding of cus- equity reported at the end of June of 2018 was KD Alghanim commented on the Bank’s credit rating:” I am tomers’ needs and its commitment to delivering superi- 600 million. proud of the recent Moody’s upgrade of Gulf Bank’s or services and products. Central Bank of Kuwait for their continued support. I Commenting on the results, Omar Kutayba Alghanim, outlook from “Stable” to “Positive” with an affirmation Alghanim concluded his remarks by stating: “I would especially want to thank our customers for their loyalty Gulf Bank’s Chairman said: “We are pleased with our of its “A3” long-term rating. This is a result of Gulf like to thank everyone that contributed to these strong and reiterate our commitment to place them at the cen- Bank’s solid performance for the first half of 2018. Bank’s sustained improvement in its assets quality”. In results. I’d also like to thank our shareholders and the ter of everything we do.”
That is even more the case after his latest ‘Very serious’ implemented. Others are also worried about dollar and the question of capital flows,” a Trump ups ante Twitter outburst on Friday saw him accuse Other than announcing counter-mea- Trump’s measures, including India, which French source told AFP. the EU and China of “manipulating their sures, China has kept relatively quiet over alongside China, Brazil, Russia and South As well as the dollar, rising oil prices and currencies and interest rates lower,” while Trump’s various threats-perhaps safe in the Africa make up the five emerging market US interest rates have helped fuel the capi- ahead of G20 he also took aim at the US Federal Reserve knowledge that his tariffs are a drop in the BRICS countries, all of which are G20 tal flight from emerging economies such as for hiking interest rates, complaining that it bucket next to their expected $2.4 trillion members. Brazil and Argentina, with investors taking discussions on eroded “our big competitive edge.” exports for 2018. “All BRICS members have benefitted out $14 billion between May and June. “The China and the US have no plans for bilat- But German Chancellor Angela Merkel from globalization. All of them need finance meeting will take place against the back- eral talks, according to US Treasury warned that the EU was “ready” to respond and capital inflows,” said Sreeram Chaulia, drop of ongoing financial vulnerabilities in global trade Secretary Steven Mnuchin, who has vowed to the US should more excises be forthcom- dean at Delhi’s Jindal School of International emerging market economies and global to “respond to concerns on US trade poli- ing, describing current trade tensions as Affairs. “Trump is trying to put a brake on trade tensions,” said Australian Treasurer cies” when he meets with fellow ministers. “very serious.” trade and finance. We rely on international Scott Morrison. BUENOS AIRES: US President Donald But China will be a hot topic as Group of International Monetary Fund chief capital movement and inward FDI, Trump He headed to Buenos Aires planning to Trump’s latest attacks on China and the Seven ministers hold a one-hour session on Christine Lagarde, whose press conference wants to stop it.” urge G20 members to keep markets open. European Union will shape the discourse on the margins of the wider meeting, not least will kick off activities on Saturday morning, “History is clear: when trade barriers go global trade conflicts and competitive deval- after Trump threatened to crank up punitive said earlier this week that increasing trade ‘History is clear’ up, growth and jobs go down,” he added. uation as Group of 20 finance ministers tariffs against the country to include the restrictions pose “the greatest near-term The economic problems plaguing a num- Economist Rubens Barbosa, former Brazilian meet in Buenos Aires this weekend. Trump’s entire $500 billion in goods the US imports threat” to the world economy, despite pro- ber of emerging markets will occupy minis- ambassador to Washington and London, protectionist policies that have seen him from the Asian powerhouse. jected growth of 3.9 percent through 2019. ters, particularly given that host nation says Brazil will try to defend multilateralism slap steep tariffs on steel and aluminum, As well as his steel and aluminum duties, She also warned Trump that “the US Argentina recently secured a $50 billion in international trade-notably as upheld by angering allies such as the EU, Canada and and threats to likewise hit foreign car economy is especially vulnerable” due to IMF loan to try to stabilize its economy, the World Trade Organization. “In Buenos Mexico, already looked set to fashion dis- imports with tariffs, Trump has already “retaliatory measures.” IMF economists say after the peso plunged 35 percent between Aires, what will be on the table is protec- cussions between finance ministers and cen- slapped China with a 25 percent levy on $34 that in a worst case scenario $430 billion-a April and June. tionism and the strengthening of the WTO tral bankers from the world’s 20 leading billion in goods, with another $16 billion on half point-could be cut off global GDP in “The situation facing certain emerging from the point of view of emerging coun- economies during two days of meetings. the way. 2020 if all tariff threats and retaliation are markets is more delicate with the rise of the tries such as Brazil,” he said. — AFP 12 Established 1961 Sunday, July 22, 2018 Business
NBK Economic Report Kuwait’s consumer spending rebounds, resumes expansion KUWAIT: NBK’s consumer spending index increased 8.5 percent y/y in June, supported by a pickup in the consumption of durables and non- durables. The end of Ramadan helped boost spend- ing on those components. Meanwhile, spending on services declined due to an early summer but still maintains robust growth relative to last year. Firmer oil prices, now hovering at three-and-a-half year highs, and improving consumer confidence, which increased at its strongest pace in six years in June, continue to support spending. Momentum may soft- en due to the summer lull, but is expected to remain robust throughout the rest of 2018. Spending on durables continued to show strength, recording an increase of 10.8 percent y/y in June. It was supported by a pick-up in the purchases of electronics and luxury goods, which had more-than- offset some mild softness in automotive and furni- ture sales. Growth in the consumption of services was embarked on their vacations earlier than usual. This improvement could have stemmed from purchases lowing the state’s efforts to increase employment for impressive at 11.9 percent y/y, and non-durables had may have contributed to a 2.6 percent m/m drop in usually associated with the celebration of Eid-Al-fitr. nationals - may weigh down on consumer spending. a good month, growing by 1.3 percent y/y. With the the consumption of other services. Meanwhile, higher Consumer spending is projected to remain healthy Meanwhile, spending by Kuwaiti nationals is expect- end of the school year coinciding with the end of the spending on clothing and cosmetics supported the through 2018. However, uncertainty over the future ed to remain strong, thanks to low inflation, healthy holy month of Ramadan in mid-june, summer travelers rebound in non-durables. The 1.2 percent m/m income and employment prospects of expats - fol- employment, and higher public spending. Chinese yuan wilts Ethiopia’s birr again, cushioning black-market the blow of evaporates as Trump tariffs confidence booms SHANGHAI: China’s yuan slipped again on Friday and ADDIS ABABA: A “hard currency amnesty” and was expected to extend its steady decline, providing reform-driven confidence in Ethiopia’s economy, both Beijing with a buffer against punitive US trade tariffs at home and abroad, have helped close a once yawning and defying President Donald Trump’s warning over the gap between the official and black market exchange dollar’s rise. The yuan is kept in a narrow range each rates for its birr currency. day by Beijing which, while allowing market forces As cash - in some cases briefcases full of dollars - some degree of play, is known to intervene-in the past pours into banks, local businesses say they are finally attracting US allegations of currency “manipulation”. feeling relief from a foreign exchange crunch that had After sliding recently to its lowest levels in a year as seen some segments of the economy grind to a halt. the Sino-US trade conflict heated up, the yuan fell on Businesses and analysts in the capital Addis Ababa told Friday past 6.80 to the dollar before recovering to Reuters on Friday the birr was trading on the parallel around 6.78 later in the day, according to Bloomberg market around 28 to the dollar, close to parity with the data. The late rebound triggered market speculation official rate and 25 percent firmer than three months that authorities had intervened to prevent the yuan WASHINGTON: Packs of freshly printed $20 notes are processed for bundling and packaging at the US Treasury’s Bureau of Engraving and Printing in Washington, DC on Friday. The dollar slid against the euro ago. “All of a sudden this is happening,” said one real falling too steeply, but analysts said China seems ok estate agent whose business had come to a standstill with further depreciation as the trade war rumbles on. and pound on Friday as US President Donald Trump adopted an aggressive posture on trade and foreign exchange, stoking talk of a currency war in addition to a trade war. —AFP over the past year because the construction sector “The (yuan’s) slide against the US dollar will sub- could not access dollars to import building materials. stantially cushion the impact on Chinese exporters from “I’m not sure of the source of the foreign exchange, the planned next round of US tariffs,” Rajiv Biswas, but psychologically the scarcity mentality has changed chief Asia economist with IHS Markit, told AFP. Those comments, plus Trump’s criticism of Federal rency war”. “It was only a month ago when China overnight,” the woman, who asked not to be named, The world’s two largest economies face a potential Reserve interest rate hikes, caused the dollar to fall denied that they would start a currency war following told Reuters. In a televised address earlier this week, full-blown trade war after the United States earlier back in the US on Thursday. But the yuan resumed its Trump’s action. A lot can change in a month under 41-year-old reformist Prime Minister Abiy Ahmed this month imposed 25 percent tariffs on $34 billion decline on Friday as the People’s Bank of China Trump,” he said. called upon those hoarding hard currency to deposit it of Chinese products, drawing a tit-for-tat response (PBOC), which sets the currency’s daily trading band, The yuan has fallen about 10 percent since in banks. The call, which has come to be known locally from Beijing. implemented the sharpest one-day lowering of that mid-April. as a “hard currency amnesty”, came with a warning: Washington has since threatened tariffs on another range in two years. those who refused would be tracked down. The govern- $200 billion in Chinese exports, prompting Beijing to It set a central point of 6.7671 per dollar, nearly one Further fall expected ment this week also opened a diaspora fund bank vow further retaliation. percent lower than the previous day. China allows the The yuan’s depreciation stems from a confluence of account and is asking Ethiopians abroad to contribute. In excerpts of an interview with US television net- yuan to move as much as two percent on either side of factors including the trade war, expected slower And the United Arab Emirates last month agreed to work CNBC aired Thursday, Trump said a strong dollar that daily point. Chinese economic growth, and speculation that Beijing deposit $1 billion in Ethiopia’s central bank. “puts us at a disadvantage”, adding that the Chinese Jasper Lawler, head of research at London Capital will take fiscal stimulus steps, which tend to pressure a yuan “has been dropping like a rock”. Group, said China’s response was “the starting of a cur- nation’s currency. —AFP “Very liquid” Though it’s among Africa’s fastest-growing economies, Ethiopia’s export sector - mainly garment GE’s aviation and healthcare businesses also had higher Zimbabwe’s Mnangagwa manufacturing and agricultural produce - has struggled GE profits fall as year-over-year profits, although profit margins in the avi- to take off, and the economy is not generating enough ation division dwindled compared with the prior quarter. dollars to pay for imports. A decade-long infrastructure But GE’s power division continued to languish, with assures white farmers power business push aimed at industrializing the overwhelmingly agrar- orders, revenues and segment profit all falling. Executives ian nation to create jobs has as a side-effect exacerbat- signaled they would need to deepen cost cuts. GE chief their land is safe ed the dollar shortage. struggles executive John Flannery said the company sees the overall Since earlier this year, essential items including market for gas power turbines has shrunk from the level a HARARE: President Emmerson Mnangagwa yesterday insulin, blood pressure medication and infant formula assured Zimbabwe’s white farmers that their land will not NEW YORK: General Electric reported a drop in sec- few years ago and would stay at low levels through 2020. have become scarce. The dollar shortage has also dis- ond-quarter earnings Friday amid continued headwinds “We’re going to continue to have to take additional be taken, calling on them to work together with the gov- ernment ahead of landmark elections on July 30. suaded international firms from investing out of fear in its power generation division, sending shares sharply costs out,” Flannery said. “We can do that. We will do they will struggle to repatriate profits. lower. The slumping US industrial giant said profits fell to that. But’s going to take some time.” Under his predecessor Robert Mugabe, white farmers were evicted in favor of landless black people from $615 million, down 29.7 percent from the year-ago levels. Flannery expressed confidence in the power business in That could now change. Revenues rose 3.5 percent to $30.1 billion. the long term and in a strategic reorganization unveiled in 2000 by a controversial policy that wrecked agriculture and triggered an economic collapse. Since taking office in April, Abiy has turned politics GE’s valuation has plummeted over the last two June that calls for exiting the healthcare and oil services and the economy on its head in the nation of 100 mil- business. “We are progressing our plans to make GE sim- But less than two weeks to go before Zimbabwe’s first years due to weak market conditions in two of its elections since Mugabe’s ouster, Mnangagwa moved to lion people. His moves to liberalize the economy by pler and stronger,” Flannery said. But a note from largest divisions, power, and oil and gas. The company quash any fears the practice would be repeated. “This opening up lucrative state-owned assets to foreign was kicked out of the prestigious Dow index in June. In JPMorgan Chase cited several weak points in the report, issue of new (land) invasions is a thing of the past. The investment have been cheered by his people as well as the second quarter, oil and gas saw a jump in revenues including a cut in the company’s 2018 outlook for free cash rule of law must now apply,” Mnangagwa told a group of outside investors keen to enter one of Africa’s last as more petroleum companies pursued projects amid flow, a closely-watched metric that can is tied to sharehold- about 200 white and Asian people gathered in the capi- untapped markets. rising prices. er dividends, and the pallid performance in aviation. —AFP tal Harare, adding that the “animal farm mentality,” was a Besides his stated desire to attract foreign capital thing of the past. into one of Africa’s most closed states, Abiy has bro- “I am saying we should cease to talk about who owns kered peace with Eritrea, with whom Ethiopia fought a the farm in terms of color. It is criminal talking about border war two decades ago. EXCHANGE RATES that. A farmer, black farmer, a white farmer is a The rapprochement between the neighbors should Zimbabwean farmer.” Mnangagwa said his government also allow for better economic relations, which are criti- was “racially blind” and needed the expertise of every- cal for the economic growth of the two countries, one across the economy. Zimbabwe’s white population African Development Bank (AfDB) President Akinwumi Indian Rupee 0.003901 0.004673 has fallen to less than one percent of the country’s 16 BAHRAIN EXCHANGE COMPANY WLL Adesina said on Friday. “From the African Development Indonesian Rupiah 0.000017 0.000023 million after Mugabe imposed the policy to expropriate Japanese Yen 0.002641 0.002821 Bank, we are looking for how we are going to make CURRENCY BUY SELL farms in 2000. Agricultural output crashed in the after- Korean Won 0.000259 0.000274 investments to support that, so that we can turn the Europe Malaysian Ringgit 0.071479 0.077479 math, with investors leaving and mass unemployment British Pound 0.392920 0.406820 Nepalese Rupee 0.002626 0.002966 forcing millions of Zimbabweans out of the country to new engagement that they have into one in which they Czech Korune 0.005759 0.015059 Pakistan Rupee 0.001805 0.002575 seek work. will benefit from dividends of peace between those two Danish Krone 0.043749 0.048749 Philippine Peso 0.005535 0.005835 countries,” Adesina told Reuters in Nairobi. Euro 0. 349114 0.362814 Singapore Dollar 0.217831 0.227831 Georgian Lari 0.137750 0.137750 Sri Lankan Rupee 0.001612 0.002192 ‘A lot of encouragement’ On Thursday, Abiy’s newly appointed central bank Hungarian 0.001145 0.001335 Taiwan 0.010423 0.010603 Mnangagwa acknowledged the failure of the land governor, Yinager Dessie, pledged to meet the business Norwegian Krone 0.033108 0.038308 Thai Baht 0.008782 0.009332 Romanian Leu 0.065055 0.081905 reforms, saying the expertise of white people in the community regularly and pledged that their main con- Russian ruble 0.004803 0.004803 Arab farming sector was still needed and encouraging them to cerns - scant access to credit and foreign exchange - Slovakia 0.009069 0.019069 Bahraini Dinar 0.790494 0.806994 take part in rebuilding Zimbabwe. were government priorities. Swedish Krona 0.030281 0.035281 Egyptian Pound 0.014344 0.020062 Swiss Franc 0.300111 0.311111 “We must build the Zimbabwe we want. We want to Businesses in the capital said their letters of credit, Iranian Riyal 0.000084 0.000085 restore the status of Zimbabwe as a food basket of the Iraqi Dinar 0.000197 0.000257 which banks had declined to honour for months, were Australasia Jordanian Dinar 0.424119 0.433119 region,” he said. “He gave us a lot of encouragement. finally being approved. It remains to be seen if the gov- Australian Dollar 0.217772 0.229772 Kuwaiti Dinar 1.000000 1.000000 We came here to ask for options for farming,” Louisa New Zealand Dollar 0.2001135 0.210635 ernment is now willing to loosen its grip on foreign Lebanese Pound 0.000156 0.000256 Horsely, 51, told AFP. “I wanted to know if my husband’s Moroccan Dirhams 0.020586 0.044586 exchange access and the exchange rate itself. America expertise is still needed if he wants to farm and wants to Omani Riyal 0.782643 0.788323 Some remain skeptical, but at least for now Canadian Dollar 0.225983 0.234983 Qatar Riyal 0.079143 0.084083 help other people to farm and that is what we are inter- US Dollars 0.299650 0.304950 ested in. It sounds (like) he wants us to be part of it.” Ethiopians are breathing a sigh of relief. US Dollars Mint 0.300150 0.304950 Saudi Riyal 0.079913 0.081213 “This morning I was talking to a manager at Syrian Pound 0.001288 0.001508 Tara Chatterton, 39, who runs an auctioning business, Asia Tunisian Dinar 0.111000 0.119000 said she attended the rally to hear what Mnangagwa’s Commercial Bank of Ethiopia who told me ‘We are very Bangladesh Taka 0.003105 0.003906 Turkish Lira 0.057467 0.067767 plans were since the military intervention last year that liquid right now. Let me show you an example’,” said UAE Dirhams 0.081275 0.082975 Chinese Yuan 0.043597 0.047097 resulted in the removal of Robert Mugabe after nearly Zemedeneh Negatu, chairman of Fairfax, a United Hong Kong Dollar 0.036952 0.039702 Yemeni Riyal 0.000987 0.001067 four decades. —AFP States-based, Africa-focused investment firm. —Reuters Established 1961 13 Business Sunday, July 22, 2018
Bayan Weekly Market Report Boursa Kuwait indices remain mixed amid profit-booking Banking sector merger move pushes bank stocks higher
KUWAIT: Boursa Kuwait ended last week with mixed profit collection operations, in addition to the quick 0.04 percent compared to its level in the week before gainer was the Consumer Goods sector, achieving 1.28 performance. The Premier Market Index closed at speculations executed on some small-cap stocks that which was KD 28.7 billion approximately. Boursa percent growth rate as its index closed at 936.57 5,353.02 points, up by 0.16 percent, the Main Market had a noticeable role in fluctuating the Main Market Kuwait market cap gains since the application of the points. The Banks sector came in the second place, as Index decreased by 0.46 percent after closing at Index, which was reflected on the market indices’ per- new market segmentation reached around K.D. 853.9 its index closed at 1,088.96 points recording 0.38 per- 4,952.96 points, and the All-Share Index closed at formance and pushed it to end the week’s with fluctua- million, up by 3.07 percent. (Note: The market cap of cent increase. followed by Health Care sector, achiev- 5,210.85 points down by 0.05 percent. Furthermore, tion. The Premier Market Index’s gains reached by the the listed companies in the market is calculated based ing 0.22 percent growth rate as its index closed at last week’s average daily turnover decreased by 19.23 end of the week around 0.16 percent, while the weekly on the weighted average number of outstanding shares 995.60 points percent, compared to the preceding week, reaching loss of the Main Market Index and All-Share Index as per the latest available official financial statements). Sectors’ activity around KD 28.94 million, whereas trading volume was 0.46 percent and 0.05 percent respectively. Last week witnessed trading over 149 stock out of The Banks sector dominated a total trade volume of average was about 125.66 million shares, recording a By the end of last week, the number of the compa- 175 listed stock in the Market, where prices of 57 around 255.07 million shares changing hands during decrease of 34.23 percent. nies that disclosed its financial results for the first half stock increased against prices of 78 stock decreased, last week, representing 40.60 percent of the total mar- Boursa Kuwait was subject to profit collection oper- of year 2018 reached 20 company, including the com- and prices of 40 stock remained at no change. ket trading volume. The Financial Services sector was ations during the last week which caused it to lose panies with different year end, realizing net profit of second in terms of trading volume as the sector’s trad- some of its profits realized in the previous weeks, and KD 186.68 million for the second quarter of year 2018, Sectors’ indices ed shares were 24.39 percent of last week’s total trad- pushed its three indices to end the week with mixed up by 18.42 percent compared to the same companies Seven of Boursa Kuwait’s sectors ended last week in ing volume, with a total of around 153.26 million closings, in a general quiet performance and relatively results for the same period of 2017. The Banks Sector the red zone, four recorded increases, while the shares. slow activity in preparation to establish new stock acquired the lion’s portion of the same period’s profits, Technology sector’s index closed with no change from On the other hand, the Banks sector’s stocks were positions, especially after the listing of Integrated whereas 4 banks out of 12 listed banks in the Boursa the week before. Last week’s highest loser was the the highest traded in terms of value; with a turnover of Holding Company’s stocks within the Premier Market disclosed its results of KD 151.54 for the second quar- Consumer Services sector, as its index declined by around KD 81.01 million or 55.99 percent of last Index early last week, which is considered the first list- ter of 2018 and up by 21.22 percent compared to its 1.76 percent to end the week’s activity at 1,075.16 week’s total market trading value. The Industrial sector ing since the new market segmentation, and the disclo- results for the same period of last year, which was points, The Industrial sector was second on the losers’ took the second place as the sector’s last week sure of one local bank that expressed its interest to around KD 125.01 million. list, which index declined by 1.16 percent, closing at turnover was approx. KD 37.70 million representing merge with one of the GCC banks to form a large Moreover, Boursa Kuwait recorded weekly gains of 998.76 points, followed by the Basic Materials sector, 26.05 percent of the total market trading value. banking entity, which gave the traders an optimism around KD 11.4 million, as its market cap reached by which index declined by 1.09 percent, closing at —Prepared by the Studies & Research Department , dose and assisted the Premier Market Index to limit its the end of last week to about KD 28.71 billion, up by 1,085.46 points. On the other hand, Last week’s highest Bayan Investment Co. Farnborough airshow announces Wall Street braces $192bn in orders for tariff fallout LONDON: England’s Farnborough airshow this week saw deals worth $192 billion (164 billion euros), a as S&P 500 jump of more than 50 percent compared to 2016, in a sign of “confidence in global trade,” organizers said companies report yesterday. The biannual air industry gathering recorded more SAN FRANCISCO: Tariffs are starting to bite big than 1,400 commercial aircraft orders, valued at $154 manufacturers and Wall Street could get another bout billion, alongside at least 1,432 deals for engines worth of caution and uncertainty from major industrial com- $21.96 billion. The total is an increase of $67.5 billion panies when a swath of reports comes in over the next on the last airshow two years ago, with the mile-high week. Investors are worried about the impact on earn- rivalry between Boeing and Airbus-who made the ings should the United States’ trade war with China and majority of plane orders-swelling sales. US aviation other major trading partners escalate. Deutsche Bank in June estimated that an escalation of the dispute to giant Boeing announced 676 orders, totaling $92 billion include $200 billion of imports would hit earnings at list prices, as of Thursday, while its European com- growth by 1-1.5 percent. petitor had unveiled 431 orders worth $70 billion. “If today’s political rhetoric intensifies and trans- “The major deals announced this week demon- lates into actual protectionist policies, it will be a neg- strate how confident the aerospace industry is and ative for all businesses in the US and abroad, including the role of Farnborough as an economic barometer,” FARNBOROUGH: A visitor photographs the General Electric GE90 engine of a Qatar Airways operated ours,” Hamid Moghadam, chief executive of supply said Farnborough International chief executive Gareth Boeing 777-3DZ passenger aircraft Farnborough Airshow, south west of London on Friday. —AFP chain management company Prologis, warned on a Rogers. The show attracted its most global atten- conference call on Tuesday. dance ever with around 100 countries represented Manufacturers across the country are concerned and a record Chinese presence, Farnborough said in a defense cooperation. with the government not only at odds with the EU over about Washington’s recent trade policies, with some statement. The new UK program - launched with 2 billion their future relationship - casting doubt over defense saying that uncertainty related to tariffs was already There was also a near-10 percent rise in trade visi- pounds ($2.6 billion) of seed money just nine months and security cooperation - but also at war with itself. hitting them, according to anecdotes collected by the tors compared to previous years, with more than before Britain leaves the European Union - rivals a The junior minister responsible for defense procure- US Federal Reserve in its Beige Book, released on 80,000 visitors passing through the gates, it added. Franco-German project begun over a year ago that has ment became the latest government official to resign Wednesday. yet to be funded. this week over Brexit negotiating strategy. That is starting to show up in early reports by com- Rival planes France had hoped to work with Britain on the proj- Impatient industry executives say Europe must move panies. Earnings from Honeywell International, General Britain’s showy launch of a new fighter jet project at ect, bringing together Europe’s two biggest military quickly, setting aside national employment interests and Electric and Stanley Black & Decker show companies this week’s Farnborough Airshow has laid bare political powers, but turned to Germany after failing to make political divisions, or risk losing out in a global market facing higher costs due to already enacted tariffs, and tensions that are threatening to tear Europe apart and progress on a Franco-British drone program. to bigger players led by the United States, or even uncertainty about tariffs on as much as $500 billion in deepened skepticism about the future of European This had got caught up in Britain’s political turmoil, China in the future. —Agencies Chinese goods threatened by Trump. —Reuters 14 Sunday, July 22, 2018 Business Boursa Kuwait awarded full membership at FEAS Another step towards integrating with global financial markets and exchanges
KUWAIT: Boursa Kuwait has announced yesterday its Kuwait’s application is approved and awarded full member- Mediterranean Basin). membership with the Federation of Euro-Asian Stock ship. We would like to congratulate Boursa Kuwait for joining Boursa Kuwait is a Kuwaiti public shareholding compa- Exchanges (FEAS), which facilitates its integration with FEAS community as a full member. We look forward to bene- ny established in April 2014, with the aim to take over and global financial markets and exchanges. ficial and prosperous collaboration.” manage the Kuwait stock Exchange and progressively Through this membership, Boursa Kuwait will be a Since its establishment in 2014, Boursa Kuwait has been transition its operations, while delivering on three main member of a federation that gathers exchanges from committed to raising the standards of the Kuwaiti capital fronts; transparency, efficiency and accessibility. Europe, Asia and the Mediterranean and allows Boursa efforts to establish a sound market, facilitating the development of a sound, interna- Officially licensed on 4th October, 2016, Boursa Kuwait to benefit from FEAS scope of activities, which will regulatory and technological tionally recognized, leading regional stock exchange. Kuwait’s mission is to upgrade the exchange infrastructure bring invaluable benefits to its members including aware- infrastructure, to meet global The Federation of Euro-Asian Stock Exchanges (FEAS) and business environment to international standards and ness sessions, access to research, analysis and data, as well standards, as well as position was established on 16 May 1995 in Istanbul with 12 found- create a robust, transparent and fair capital market plat- as widening the network. Boursa Kuwait for future ing members. During the Extraordinary General Assembly form that services all relevant asset classes, whilst focusing Commenting on the earned membership, Boursa Kuwait growth.” FEAS Chairman Meeting of the Federation held on May 16, 2017 in Tehran, on clients’ interests. Its mission driven strategy focuses on CEO Khaled AbdulRazzaq Al-Khaled stated: “Today’s signifi- Mohamed Farid Saleh stated: it was decided to move the Federation’s headquarter from developing the overall market status and addressing mar- cant announcement gets us a step closer towards fulfilling our “It is our pleasure to Istanbul, Turkey to Yerevan, Armenia. The purpose of the ket needs through the provision of investment tools, key objective to become a leading regional stock exchange, announce during FEAS’s 25th Boursa Kuwait CEO Khaled Federation is to contribute to the cooperation, develop- restructuring the market to increase its competitiveness and reflects Boursa Kuwait’s commitment to implementing Extraordinary General AbdulRazzaq Al-Khaled ment, support and promotion of capital markets in the and liquidity, and attracting investments with a view to the highest standards of international best practices and its Assembly that Boursa Euro-Asian Region (i.e. Europe, Asia and the issue an IPO to Kuwaiti citizens.
Hameed Allah Aziz Allah- 3 KG of Rover’s 2018 HSE for the first two KFH announces Gold. winners and a 3KG of Gold biscuits of Al-Rabeh salary account is an 24 carat with purity of 999.9 for the investment savings account based on third winner in draws to be held in the NBK continues to winners of Mudaraba sharia principle that gives months of January, April, July, and customers annual profit distributions. October, providing that customers reward Al-Shabab Al-Rabeh Customers can open this account at should have deposited 3 salaries in any of KFH branches across Kuwait. the three months prior to the draw, 9th draw It is noteworthy that the account is yet their minimum monthly balance is customers with offered for customers wishing to not less than KD 50 by the end of transfer their salaries and manage each month, bearing in mind that each exclusive discounts KUWAIT: Kuwait Finance House their personal accounts with the abili- KD 50 in the account entitles cus- (KFH) announced the winners of two ty to save and invest. Al-Rabeh tomers to one entry in the draw, thus at Eureka HSE 2018 Range Rover’s and 3 KG of account is available for individuals in more money in an account means Gold biscuits of 24 carat with purity KD and it requires salary transfer as a more chances to win. KUWAIT: The National Bank of Kuwait returns once of 999.9 in the 9th draw that took prerequisite. KFH is keen on improving its again with exclusive discounts for Al-Shabab customers, place under the supervision of repre- With regards to the prizes cam- banking products and services in line giving them more than 50 percent discount on Fitbits’ sentatives of the Ministry of paign terms and conditions, cus- with customer’s requirement in efforts products when making an Commerce. tomers will have a chance to win to increase their satisfaction and cater online purchase using their The winners are: Nasser Meshary remarkable prizes every three months more closely for their needs, yet con- NBK Al- Shabab Prepaid Alsanousy- 2018 HSE Range Rover, along the year from KFH once they solidate Bank’s prestigious status and Card on the website of the Mastoura Khudair Almutairi- 2018 transfer their salary to “AlRabeh” excellence in offering products as per electronics store, Eureka. HSE Range Rover, and Esmael account. KFH gives away two Range the highest standards of quality. The discount was valid for Al- Shabab Prepaid electronics, the latest gadgets and other devices, which Cardholders, when making are always announced on the Bank’s social media pages.” online payment through Al-Shabab Account offers a range of services and Eureka’s website, while rewards that suit the young generation’s needs and NBK customers benefited lifestyle. The account offers advanced and easy to use of a same-day delivery services. Al-Shabab account holders receive a free Al- service. Al-Shabab Prepaid Shabab Prepaid Card when they transfer their student Card is available for stu- allowances, offering them numerous benefits and rewards dents who transfer their designed specifically to meet the needs of Kuwait’s allowance to NBK. young banking clientele. The Al Shabab Prepaid Visa Amal Al-Duwaisan “Our partnership with a card includes a range of exciting features, as well as the leading electronics store ability to transfer money from the card to the customer’s such as Eureka was once account. Customers may also use the prepaid Visa Card again a great success as we ensure at NBK to provide to withdraw cash, without fees, from any NBK ATM. customers with offers and rewards that meet their Other benefits include 50 percent discounts on lifestyle,” explained Amal Al-Duwaisan, Senior Manager Talabat.com on selected days, exclusive 50 percent dis- Consumer Banking Group, National Bank of Kuwait. “We counts on weekend tickets at Cinescape. thank our customers for their continued engagement NBK’s Al- Shabab account is available to customers with NBK and look forward to catering to them with new aged between 15 and 23 years, attending college or uni- and exclusive promotions all year-long.” versity. To open an Al-Shabab account, customers can Al-Duwaisan concluded: “We are committed to visit NBK.com or one of NBK’s local branches. bringing new offers to our Al-Shabab customers, be it on Baitak staff pose for a group photo after the draw.
of winners to 24, and the Warba Bank announces total amount of prizes to KD 50K instead of KD 30K. As Trump attacks on Fed raise for the chances for winning, 5 winners of each customer is eligible to enter the draw against every specter of political meddling ‘Al-Sunbula’ draw KD 10. It is noteworthy, that WASHINGTON: President Donald results and looks good for a while but Warba Bank has recently Trump on Friday doubled down on his ultimately it leads you into real trouble.” launched the Al-Sunbula attack on the Federal Reserve for raising Rising borrowing costs can slow eco- KUWAIT: Warba Bank, Kuwait’s best investment bank and corporate con- Fixed Deposit, which pro- interest rates-a shock criticism of the nomic growth and generally boost the sultancy firm, organized in presence of a representative from the Ministry vides depositors with high central bank that US presidents tradi- value of the currency since it attracts of Commerce and Industry and employees of the Bank, the 25th weekly returns reaching up to 3%, tionally avoid and one economists say is more funds into the country in search of draw for Al-Sunbula Account. as well as monthly profit dangerous. He also lambasted China and higher yields from investments. The lucky five winners who received 1,000 KD each are: Ali Motlaq opportunities in Al-Sunbula the European Union for keeping interest Since the United States has recov- Nahar Al-Mutairi, Nawaf Mohsen Omar Al-Otaibi, Abdulhadi Saleh Account draws. rates low and manipulating their curren- ered faster than other major economies, Abdulhadi Al-Ajmi, Eman Mohammad Ramzi Mohammad Ahmad and Furthermore, Warba Bank cies to gain a trade advantage. Central the Fed is raising rates faster than other Rajeh Hadi Sanad Al-Saeedi. has launched its latest banks in all advanced economies and central banks as well, making the US a Al-Sunbula Account is the perfect choice for all those who wish to save Customer Onboarding solu- many emerging market countries are more attractive investment destination. money and achieve steady incomes while simultaneously have the oppor- tion, in line with its ambitious five-year strategy that enables non-Warba kept insulated from political influence That has caused trillions of dollars to tunity to win cash prizes throughout the year. Due to the high traffic Bank customers to request opening the Sunbula account in an easy elec- and allowed to determine monetary poli- flow out of emerging market economies. towards this account, for its offerings of unparalleled opportunities, Warba tronic manner through the Bank’s website without having to visit any of cy independently. Trump is benefitting from an econo- Bank has worked on enhancing the Al-Sunbula account to grant cus- the Bank’s branches, by following 5 simple steps that might take up to 5 Governments that have violated that my nearing a decade of continued tomers more benefits. Such enhancements include increasing the number minutes. New customers will be able to request opening the account at independence for short-term economic growth, with continued solid job gains of winners and the frequency of the draws. Now, on every Thursday the anytime, anywhere, and the bank will receive, process and pass the new gain have done so at their peril, includ- and the lowest unemployment rate since bank draws 5 weekly winners of KD 1,000 each. In addition, the bank application for approval through the new and unique automated system ing one US president who did so infa- 2000, prior to the global financial crisis. continues its monthly draws held on the first Thursday of every month, used to implement this service. The staff will then contact the client to mously: Richard Nixon. The Fed has raised the benchmark with cash prizes of KD 30,000 divided amongst 4 winners: two winners of determine the appropriate time to visit in order to obtain the required sig- Trump said the Fed was undermining lending rates twice this year, after three KD 10,000 each, and two winners of KD 5,000. natures, verify the customer’s identity, deliver his/her debit card, and acti- economic progress by raising the bench- increases in 2017, and two more rate The new development of Al-Sunbula account raised the total number vate the account. mark lending rate. In a pair of tweets, hikes are expected this year as the Trump said “China, the European Union central bank removes stimulus from the and others have been manipulating their economy to keep a lid on inflation. The 1300. The weekly grand prize winner of KD in opening an Al-Hassad Islamic account to currencies and interest rates lower, while chance inflation might accelerate has 26 new winners 25,000 Mansour Ali Al-Ajmi. benefit from the wide range of prizes and the US is raising rates while the dollars increased after the massive tax cut last 25 other winners won prizes of KD opportunities offered this year.” gets stronger and stronger with each year that Trump championed, which has included in 1,000 and are as follows: Ahmad Saud Individual customers can open their passing day.” That is “taking away our raised the US debt and budget deficit. Albarrak, Mohamad Husain Bukhalaf, accounts with a minimum deposit of KD big competitive edge,” he said. “As usual, Trump said he was unconcerned that Humoud Abdullah Al-Hajri, Khaled 100, qualifying them to enter the draw. not a level playing field.” his remarks might spark criticism as he Al-Hassad account Humoud Faleh, Naser Eid Al-Ajmi, After criticizing the Fed in an interview was merely stating long-held personal Sabeekah Abdullah Shabakouh, Najar with CNBC on Thursday, Trump was even views. “I couldn’t care less,” he told Mejeid Alotaibi, Ghazi Sulaiman Al- more harsh on Twitter, saying “Tightening CNBC. But simply “jawboning” the Fed KUWAIT: Ahli United Bank recently con- Mutairi, Israa A H Ramadhan, Aeshah now hurts all that we have done.” And he with such comments, even without overt ducted its Al-Hassad Islamic account Othman Al-Anjeri, Monirah F E Al Qutafi, noted the impact of higher rates on debt pressure, in itself undermines confidence weekly draw, Kuwait’s leading sharia- Nadeen Hasan Al-Sadeq, Murshed Falah payments: “Debt coming due & we are of financial markets that policymakers compliant rewards program that offers a Al-Azmi, Jamal Hasan Mohammad Al- raising rates - Really?” “The United will be able to stay the course and keep broad range of prizes to the largest num- Fadhalah, Mishari Ibrahim Al-Armali, States should not be penalized because prices in check. ber of winners, on the 18th of July 2018. Akoub Beikzad, Osamah Ahmad Al- we are doing so well,” he tweeted. The dollar is up from early this year The account provides 26 weekly prizes Kandari, Khalid Ali Al-Shati, Mohammad against a basket of currencies but is that are comprised of KD 25,000 as a Kh A Al- Foudari, Maryam Adel Aljawder, Banana republic below the peak hit in December 2016 grand prize and 25 other prizes valued at The comments drew alarmed reaction just after Trump was elected. And his KD 1,000 each. AUB also offers four quar- Nabeel A.Hasan Ebrahim Alwanshubbar, Ebrahim Rashid Alabsi, Hasan Hussain Ali from notable economists and former comments sent the dollar down sharply. terly prizes that are valued at KD 250,000 The Fed chairman, Trump-appointee and Jassim Ahmed Ali. government officials. “Attacking central to each winner allowing them to achieve Jerome Powell, has repeatedly stressed Al-Hassad Islamic account’s customers in bank is one more step in what seems like their dreams of travelling, studying abroad, the commitment to an independent cen- Kuwait and Bahrain are eligible to partici- a presidential strategy of turning the or owning their dream home or car. United States into a banana republic,” tral bank. On this occasion Ahli United Bank pate in the draw in line with the program’s Powell said in an interview last week terms and conditions Former Treasury Secretary Larry announced, “With this draw, we are adding Summers warned on Twitter. In an inter- that “nothing has been said to me pub- Ahli United Bank added, “There are 26 new winners and prizes to the Al-Hassad view with CNBC, Summers said pressur- licly or privately that gives me any con- increased opportunities that await our cur- Islamic account whereby, the total number ing a central bank could “produce cern about our independence.” — AFP of winners annually will include more than rent customers and those who are interested Established 1961 15 Technology Sunday, July 22, 2018 State-actors likely behind Singapore cyberattack
1.5 m health records stolen from govt database
SINGAPORE: State-actors were likely behind summit between US President Donald Trump and Singapore’s biggest ever cyberattack to date, security North Korean leader Kim Jong Un. experts say, citing the scale and sophistication of the Jeff Middleton, chief executive of cybersecurity hack which hit medical data of about a quarter of the consultancy Lantium, said healthcare data is of par- population. The city-state announced Friday that ticular interest to hackers because it can be used to hackers had broken into a government database and blackmail people in positions of power. “A lot of stolen the health records of 1.5 million Singaporeans, information about a person’s health can be gleaned including Prime Minister Lee Hsien Loong who was from the medications that they take,” Middleton said specifically targeted in the “unprecedented” attack. yesterday. “Any non-public health information could Singapore’s health minister said the strike was “a be used for extortion. Russian spy services have a deliberate, targeted, and well-planned cyberattack long history of doing this.”Medical information, like and not the work of casual hackers or criminal personal data, can also be easily monetized on crimi- gangs”. While officials nal forums, said Sanjay refused to comment on the Aurora, Asia-Pacific man- identity of the hackers cit- aging director of ing “operational security”, Darktrace. “Beyond making experts said that the com- A deliberate, a quick buck, a more sinis- plexity of the attack and its ter reason to attack would focus on high-profile tar- targeted, be to cause widespread gets like the prime minister well-planned disruption and systemic pointed to the hand of a damage to the healthcare state-actor. cyberattack service-as a fundamental “A cyber espionage part of critical infrastruc- threat actor could leverage ture-or to undermine trust disclosure of sensitive in a nation’s competency to health information... to coerce an individual in (a) keep personal data safe,” he said. position of interest to conduct espionage” on its SINGAPORE: In this file photo Singapore Prime Minister Lee Hsien Loong waits for leaders to gather for a behalf, said Eric Hoh, Asia-Pacific president of cyber- Hyper-connected group photograph after delivering his opening address at the 32nd ASEAN (Association of Southeast security firm FireEye. Hoh told national broadcaster Today, cybercriminals are targeting more than just Asian Nations) Summit in Singapore. —AFP Channel NewsAsia that the attack was an “advanced individuals or banks, said Shahnawaz Backer, regional persistent threat”. “The nature of such attacks are security specialist at F5 Networks. “Government serv- that they are conducted by nation states using very ices, from healthcare to education, are targets that are and clinics can share via a centralized database. But gain access to the database between June 27 and July 4 advanced tools,” he said. “They tend to be well just as likely, as evidenced by the recent attacks in authorities have put the brakes on these plans while before administrators spotted “unusual activity”, resourced, well-funded and highly sophisticated.” Singapore,” Backer said. “As Singapore embraces the they investigate the breach. A former judge will head an authorities said. Russia-which is accused of meddling in the US digital revolution, security breaches are bound to hap- inquiry looking into the hack. Singapore officials have The government says it fends off thousands of presidential election-China, Iran and North Korea are pen. Our growing digital footprint is growing every day, cautioned against jumping to conclusions about the cyberattacks every day and has long warned of breach- believed to have the capability to carry out such and enterprises need to take strict measures to safe- attackers. “With regard to the prime minister’s data and es by actors as varied as high-school students in their attacks. Analysts, however, would not be drawn into guard and protect their data.” why he was targeted, I would say that it’s perhaps best bedrooms to nation-states. Earlier this month, US intel- speculation on who might be behind the hack or why Wealthy Singapore is hyper-connected and on a not to speculate what the attacker had in mind,” said ligence chief Dan Coats described Russia, China, Iran Singapore was targeted. The attack started two drive to digitize government records and essential serv- David Koh, head of Singapore’s Cyber Security Agency. and North Korea as the “worst offenders” when it came weeks after the wealthy city-state hosted the historic ices, including medical records which public hospitals The hackers used a computer infected with malware to to attacks on American “digital infrastructure”.—AFP ‘Dangerous complacency’ looms over world AIDS meeting Kenya to get first PARIS: Thousands of experts and egates are expected in the Dutch capital activists descend on Amsterdam tomor- for the conference, opening tomorrow. deployment of row to bolster the battle against AIDS amid warnings that “dangerous compla- Charlize and Conchita cency” may cause a resurgence of the While high-profile speeches will seek to Internet balloons epidemic that has already killed 35 million revive the flagging fight, the five-day event people. Rather than closing in on the goal will also present an opportunity for scien- SAN FRANCISCO: The first commercial deployment for of “ending” AIDS, new HIV infections tists to mull over recent advances and set- Project Loon-the “balloon-powered Internet” being devel- have surged in parts of the world as glob- backs in the quest for simpler, better anti- oped by Google parent Alphabet-is headed for Kenya, the al attention has dwindled and funding lev- HIV drugs. More than three decades of US tech giant said Thursday. In a collaboration with Telkom eled off, say leaders of the anti-AIDS research have yet to yield a cure or vac- Kenya, Loon will provide Internet service from high-altitude movement. cine for the AIDS-causing virus that has balloons whose paths across the sky are choreographed to And they lament that too fine a focus infected nearly 80 million people since the maintain coverage, according to Loon, the newly independ- on virus-suppressing treatment has over- epidemic burst onto the world scene in the ent business unit within Alphabet. shadowed basic prevention with the result early 1980s. Loon-enabled Internet service will be provided to por- that HIV is still spreading with ease A UNAIDS report Wednesday said tions of central Kenya starting next year, according to Loon among the most vulnerable people. “The about 36.9 million people last year were ODISHA, India: In this file photograph, Indian sand artist Sudersan Pattnaik gives chief executive Alastair Westgarth who said the company’s encouraging reductions in new HIV infec- living with the virus which, thanks to anti- the final touches to a sand sculpture as a horseman rides by on Golden Sea Beach goal was to “connect people everywhere.” “We couldn’t be tions that occurred for about a decade retroviral therapy (ART), is no longer a in Puri, some 65 kms east of Bhubaneswar, on the eve of World AIDS Day. —AFP more excited to start our journey in Kenya, and we look for- has emboldened some to declare that we death sentence. It reported the lowest ward to working with mobile network partners worldwide are within reach of ending AIDS,” said annual death toll in two decades, and a to deliver on the promise of Loon,” Westgarth said in a blog Peter Piot, a veteran virus researcher and record number of people on life-saving needles to drug users. But to do this while in previous years. Funding from donor post. Alphabet last week announced it was raising the pro- founder of the UNAIDS agency. treatment. But the report also alerted that also getting treatment to the 15.2 million governments “is likely to fall again”, said file of two “moonshot” projects-Loon and the drone deliv- However, “there is absolutely no evi- new HIV infections are rising in about 50 infected people who do not yet have the report. According to UNAIDS, the ery unit known as Wing. dence to support this conclusion,” he countries, and have more than doubled in access, the world needs cash. And this at a global effort is short about $7 billion per Wing and Loon have been part of the Alphabet “moon- insisted, and warned: “the language on eastern Europe and central Asia. time that the US administration under year to achieve the goal of ending AIDS as shot factory” known as X, creating projects with potential to ending AIDS has bred a dangerous com- IAS president Linda-Gail Bekker told Donald Trump has vowed to cut AIDS a public health threat by 2030, by reducing disrupt new sectors. Loon has been testing a network of bal- placency.” This was evident from declin- AFP that there may have been “a strategic spending. A report this week by UNAIDS new infections and deaths by 90 percent loons, traveling along the edge of space, to expand Internet ing global and domestic funding for HIV mistake on the part of the AIDS gurus” to and the Kaiser Family Foundation, a health from 2010. connectivity to underserved areas and disaster zones. eradication and treatment programs, Piot prioritise treatment at the expense of pre- policy NGO, found that after two years of “The job is not done,” stressed Robert Facebook last month ended its plan to produce a fleet of said at the launch this week of a report by venting HIV infection-the only real way to declining global funding, donor payments Matiru, director of operations at Unitaid, a drones to provide Internet connectivity to remote areas of the International AIDS Society (IAS) and stop the epidemic. “There is no epidemic to low- and middle-income countries rose non-profit body that channels financing for the globe but said it would continue working on these efforts The Lancet medical journal. that we have treated our way out of,” she 16 percent to $8.1 billion last year. HIV research and development. “We need with various manufacturing partners include Airbus. —AFP The authors of that report, he said, “are said, citing Ebola and tuberculosis. people to not only continue to fund... but extremely concerned that there is a real “Clearly, a vaccine is the holy grail, but we Don’t walk away even increase it.” Bekker fears that “people risk that the world will declare victory are not there yet.” But it cautioned this was no cause for have walked away to soon” from the fight. long before our fight against AIDS is In the meantime, the world needs a celebration, as the trend was “not expected “We’re either moving forward in this epi- over.” Rubbing shoulders with celebrity renewed focus on prevention, said Bekker- to last”. The extra money came mainly from demic, or we’re sliding back,” she warned. Japan start-up activists such as actress Charlize Theron, stressing condom use, expanding the use a rollover to 2017 of funds the US govern- “The minute you take your eye off the ball, Britain’s Prince Harry, and singers Elton of virus-suppressing ART as an infection ment-by far the largest funder of AIDS infections will resurge and we will see this plans 2020 John and Conchita, more than 15,000 del- shield, and providing safe, infection-free programs-had appropriated but not spent thing take off again.”—AFP meteor shower Boost to local economy Space, not Brexit, “We are delighted we have been selected as a spaceport TOKYO: A Japanese start-up developing “shooting stars on for vertical launch,” said Kirk, adding that the site would also demand” says it will be ready to deliver the world’s first artificial is final frontier for create tourism opportunities. “The local economy will bene- meteor shower in a spectacular show over Hiroshima in early fit.” The space port would employ about 40 staff within 2020. ALE, based in Tokyo, is in the final stages of developing three years of operation, but the supply chain around that two micro-satellites that will release tiny balls that glow brightly Scottish outpost would support nearer 400 jobs. Satellite uses include navi- as they enter the atmosphere, simulating a meteor shower. The first satellite will hitch a ride into space on a rocket being FARNBOROUGH: Never mind Brexit: For a remote peninsula gation, weather forecasting, telecommunications and finan- cial transactions, while they are also vital for defense and launched by Japan’s space agency by March 2019. in the Scottish highlands, the buzz is all about hi-tech rocket The second will be launched in mid-2019 on a private-sector launchers firing satellites into space. In just three years’ time, energy sectors. The Sutherland facility will cost an estimated £17.3 million to build, including some £10 million from HIE. rocket. “We are targeting the whole world, as our stockpile of rockets will send satellites into orbit from the rugged stretch shooting stars will be in space and can be delivered across the of coastline, under British government plans unveiled this The port will be well positioned geographically to launch satellite rockets over the North Pole. world,” ALE chief executive Lena Okajima told reporters on week. The sleepy county of Caithness and Sutherland has Wednesday. Each satellite will be able to carry 400 tiny balls been selected as the site of the country’s first ever space port, LONDON: An undated handout picture released by Orbex in whose chemical formula is a closely-guarded secret. Ejected ‘No different than before Brexit’ Britain announced at the Farnborough Airshow, a showpiece London shows an artist’s impression of the Orbex launcher lift- from the satellite, the balls will glow as they plunge through the Prime Minister Theresa May’s government is seeking to event for the global aerospace sector. The UK Space Agency ing off from the Sutherland Spaceport. —AFP atmosphere. The 400 balls will be enough for 20-30 events, develop the UK space industry after its role in European awarded a £2.5-million grant towards the construction of a according to the company, and the satellites will be able to stay space projects was called into question by Brexit. Space is vertical space port facility in Sutherland, which will become in space for around two years. The company is also exploring the one of Britain’s fastest growing sectors and generates more about our future participation in the space programs. “We operational in 2021. The announcement has boosted hopes possibility of using satellites already in space that are no longer than £13 billion of income per year. “Our ambition to grow have said that we’d very much like to continue to participate operational to create “giant” shooting stars, officials said. “We for an industry worried about the effects of Britain leaving the space sector is in no way any different than it was before in Galileo Copernicus, but it takes two sides to want to have the European Union and raised spirits in pro-EU Scotland, are planning to push a used satellite into the atmosphere on a Brexit,” Graham Turnock, head of the UK Space Agency, that discussion.” targeted orbit to create a giant artificial shooting star,” ALE chief which was outvoted in the 2016 referendum. told AFP on the sidelines of Farnborough. Britain wants continued participation in the EU’s Galileo engineer Ko Kamachi, adding that the idea was still in the basic “It is rocket science,” Roy Kirk, area manager for “We are actually looking to the opportunities for trade satellite navigation system-but Brussels rejects the idea. UK research phase. Caithness and Sutherland at Highlands and Islands Enterprise deals with the rest of the world after Brexit so we are very Transport Secretary Chris Grayling meanwhile appeared at ALE’s two satellites will start orbiting the Earth by February (HIE), a development agency for Scotland’s devolved govern- positive about that. “We are still aiming to achieve 10 per- Farnborough to champion the space investment. “After pio- 2020, preparing for the world’s first delivery of artificial shooting ment, said in an interview with AFP at Farnborough. The cent of the world space market by 2030. We are very confi- neering the development of those small satellites over many stars in spring 2020, over the western Japan city of Hiroshima. launchers, made by established player Lockheed Martin and dent that we can do that.” He also sought to dispel concerns years, adding our own space ports means we can now move The satellites can be used separately or in tandem, and will be startup business Orbex, will stand 17 meters tall and will fire that Britain’s departure from the European Union in 2019 to offering customers a one stop shop in the United programmed to eject the balls at the right location, speed and rockets that take just eight minutes to get into orbit. would hurt the industry. “Obviously we are talking to the EU Kingdom,” Grayling told delegates. —AFP direction to put on a show for viewers on the ground. —AFP 16 Sunday, July 22, 2018
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