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SUBSCRIPTION MONDAY, JANUARY 30, 2017 JAMADA ALAWWAL 2, 1438 AH www.kuwaittimes.net Kuwait awaiting In one week, Expert advises Federer wins instructions to Trump shakes investors facing Nadal thriller implement US up Washington global rise in to clinch ban at airport3 and the7 world populist23 politics 18th20 Slam Ambassadors of globalization: Min 04º A new challenge for Kuwaitis Max 16º High Tide 00:31 & 14:20 Populism, nationalism, protectionism rising Low Tide 07:55 & 19:48 40 PAGES NO: 17126 150 FILS Amir attends flag ceremony By Bader N Al-Kharafi and Omar K Alghanim DAVOS: Every year, world leaders, global business elite and some of the world’s brightest academics attend the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland. Attendees this year included Microsoft founder Bill Gates, JP Morgan Chase CEO Jamie Dimon, Chinese President Xi Jinping and many others. Kuwait is well represented at this event through ministers, busi- nessmen, and of course, the Kuwait Investment Authority. We participate in open and closed door discussions on topics ranging from the ‘Youth Imperative’ (ie addressing the 13 percent of the world’s youth that is unemployed - 30 percent in our region) to ‘Smart Cities as Innovation Hubs’; from ‘Climate Change’ to the ‘Future of the Digital Economy’. As business leaders of our organizations, we’ve had the privilege of attending and participating in the WEF annual meeting, as well as the regional meeting for many years. It’s safe to say - this year was unlike any other. The overar- ching theme of populism and radical nationalism loomed over every discussion. President Donald Trump’s inaugura- KUWAIT: HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah kisses the tion in the United States, Prime Minister Theresa May’s Kuwaiti flag yesterday at Bayan Palace during a flag hoisting ceremony mark- defiant speech (cementing Britain’s plan to leave the sin- ing the 11th year since he assumed power and the start of Kuwait’s 56th gle market) and Marine Le Pen making traction in France National Day and 26th Liberation Day anniversaries. HH the Crown Prince were all topics of conversation. DAVOS: (From left) Abdullatif Al-Shareakh, Bader Al-Kharafi, Omar Alghanim and Malik Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah is seen at left. — KUNA (See Page 2) Continued on Page 13 Marafie attend a session at the World Economic Forum’s annual meeting. News Trump unrepentant on travel ban in brief Kuwait bourse Order loses first legal battle amid protests at 26-mth high KUWAIT: Kuwait Stock Exchange yesterday added 1.3 NEW YORK: The United States braced yes- backpedal yesterday, telling CBS televi- percent to touch a fresh 26-month high in a broad- terday for more furious protests against sion that the ban “didn’t affect them”. based climb and heavy volumes, bringing its rise this Donald Trump’s ban on travelers from sev- Nevertheless they are still liable to face month to nearly 21 percent. Kuwait stocks, the world’s en Muslim countries as the White House “extreme vetting” at US borders upon best performers this year, extended a rally to an 18th doubled down despite a partial stay from arrival. The travel ban triggered shock and day, the longest winning streak in over a decade, as the a federal judge. Protests were scheduled confusion, as well as a wave of anger at country moved a step closer to a debut sale of dollar outside the White House and in New home and abroad, sparking demonstra- bonds. Today, the government is to announce details of York’s Battery Park, which looks across to tions Saturday at airports in Washington, its long-term economic development plan, which could the Statue of Liberty - America’s famed Chicago, Minneapolis, Denver, Los help the stock market if it gives more impetus to big beacon of freedom and immigration - and Angeles, San Francisco and Dallas. infrastructure projects. The Kuwait Stock Exchange Index expected at airports nationwide. Travelers were detained at US borders, advanced 1.3 percent to 6,943.24 yesterday, the highest Trump signed the temporary ban as an splitting families - such as a father unable level since Nov 2014. executive order on Friday afternoon, sus- to reach his son’s wedding, and a grand- pending the arrival of all refugees for at mother unable to meet her grandchildren least 120 days and barring visa holders - and officials warned it was a “gift to from Iran, Iraq, Libya, Somalia, Sudan, extremists”. On Saturday night, a federal Bahrain policeman Syria and Yemen. Also affected were for- judge in New York partially blocked the killed in ‘terror act’ eign dual nationals, who may not have order, saying that US authorities could not DUBAI: An off-duty policeman was shot dead in needed a visa to enter the United States, to deport refugees or other people Bahrain yesterday in what the interior ministry for example British citizens, and at least detained on arrival. But Trump - the New called a “terrorist act”, state news agency BNA initially green card holders already on the York real estate billionaire turned reported. “The Interior Ministry mourns with great path to US citizenship. Republican commander-in-chief - was sadness and sorrow the martyr Lieutenant Hisham The inclusion of green card holders unrepentant yesterday, defending his pol- Hassan Mohammed Al-Hammadi, who was shot NEW YORK: Protesters are surrounded by police officers and travelers as they pass sparked particular outrage, leading White icy in the face of growing outrage across and killed in the Bilad Al-Qadeem area,” southwest through an exit of Terminal 4 at John F Kennedy International Airport on Saturday. — AP House chief of staff Reince Priebus to Continued on Page 13 of the capital Manama, the interior ministry said. “Initial indications suggest that it was a terrorist act and that he was not on duty.” MP urges quick solution UAE to grant Russian in health insurance row visitors arrival visas DUBAI: The United Arab Emirates will offer Russian visi- By B Izzak tors visas on arrival in the country in a bid to boost tourism and trade, state news agency WAM reported KUWAIT: MP Faisal Al-Kandari yesterday urged Health yesterday. Prime Minister and ruler of Dubai Sheikh Minister Jamal Al-Harbi to find a quick solution to the US forces in Mohammed bin Rashid Al-Maktoum has approved a health insurance problem after he cancelled the private cabinet decree recommending Russians be granted company’s contract. The cancellation has resulted in Yemen raid visas as soon as they arrive. The UAE, home to global massive crowds at health insurance centers and long tourism hub Dubai, is keen to bolster trade and tourism delays for stamping or renewing residence permits, because health insurance is a precondition for resi- ADEN: Elite US forces launched a dawn raid against as visitor numbers from once core markets, including Al-Qaeda in Yemen yesterday, killing at least 14 sus- Russia, have declined due to economic slowdowns and a dence processing. Two weeks ago, the health minister said the ministry pected militants in an operation in which an strong dollar. Last September, the UAE granted visas on American soldier also died. The assault marked arrival to holders of Chinese passports. Over 600,000 plans to not renew its contract with the private company that has been entrusted with issuing the health insur- Washington’s first major military action in Yemen Russian tourists visited the UAE over the past two years, under President Donald Trump, who has vowed to according to WAM. ance, citing delays in issuing the documents. After that, the company started to delay issuing health insurance, step up the US fight against “Islamic extremism”. The US military said the raid in the Yakla region of Baida apparently deliberately in protest against the planned province killed 14 members of Al-Qaeda in the cancellation of the contract. This has resulted in long Top Muslim lawyer Arabian Peninsula (AQAP), which Washington views queues of expatriates lining at health insurance centers, VICTORIA, Texas: The burning Islamic Center of as the global network’s most dangerous branch. killed in Myanmar with some people starting to line up as early at dawn. Victoria is seen on Saturday. — AP A Yemeni provincial official gave a higher toll of YANGON: A prominent Muslim lawyer and mem- Delays in residence processing could end up in fines. 41 presumed militants and 16 civilians killed in the ber of Myanmar’s ruling party was shot dead along MP Kandari said obtaining health insurance docu- raid, including eight women and eight children. with a taxi driver outside Yangon’s international air- ments currently takes several days against only a few Blaze destroys Washington did not specify how the US soldier port yesterday, officials said. Ko Ni, a legal advisor minutes in the past, because there is no alternative com- to Aung San Suu Kyi’s National League for died. It said three more American servicemen were pany to replace the existing one. The lawmaker urged injured in the raid along with a fourth who was hurt Texas mosque Democracy (NLD) party, was gunned down as he the authorities to immediately sign a contract with got into a taxi outside arrivals around 5 pm (1030 in a “hard landing”. “We are deeply saddened by the VICTORIA, Texas: An early-morning fire Saturday another company and called on officials to visit the loss of one of our elite service members,” said GMT) by an assassin who also killed the driver. The health insurance centers to see the large number of peo- destroyed a Texas mosque that was a target of hatred gunman was arrested.
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