THULHIJJA 30, 1439 AH MONDAY, SEPTEMBER 10, 2018
Max 46º 28 Pages Min 30º 150 Fils Established 1961
ISSUE NO: 17628 The First Daily in the Arabian Gulf www.kuwaittimes.net
Kuwaiti sentenced to 17 No ICBMs, North Korea military Iran’s forces hit Kurdish Salah scores twice, misses 39years for deadly assault parade features floats, flowers 24 rebels in northern Iraq 27 2 penalties in Egypt romp
MP Ashour threatens to grill Social Affairs Minister Sabeeh Assembly panel forms team on cadet death
By B Izzak KUWAIT: MP Saleh Ashour warned yesterday that he will ‘I am not a cheat’, file to grill Minister of Social Affairs and Labor Hind Al- Sabeeh if she does not answer questions on dissolving a Shiite charity society earlier this year. Ashour said in a Serena accuses statement that he had grilled the minister in May this year for dissolving the society over alleged financial irregulari- tennis of sexism ties and claimed during the debate of the grilling that three ministries; the Foreign, Interior and Awqaf in addition to NEW YORK: Serena Williams insisted she was not the central bank had made complaints against the society cheating in the US Open final on Saturday before called Al-Theqalain which Ashour chaired. accusing the sport which has made her a global icon He added that he asked the ministries about the com- and multi-millionaire of sexism. Naomi Osaka won the plaints and they said they had already sent it to the Social final 6-2, 6-4 to become Japan’s first ever Grand Slam Affairs Ministry. The lawmaker said that he had asked singles champion and delay Williams’s bid for a record- Sabeeh to provide him with details of those complaints equaling 24th major title. and she refused because the issue was under legal investi- However, the final was overshadowed by the gation. The lawmaker said that Sabeeh is obliged under American’s angry and tear-filled tirade in the second set. It the law and the constitution to answer his questions but has already been dubbed ‘The Mother of all Meltdowns’ she has declined. by the New York Daily Post. The 36-year-old was handed Ashour said that he is not interested in grillings but if a code violation for coaching, a penalty point for racquet he does not get the answers he had demanded he plans to abuse and a game penalty for calling umpire Carlos either grill all the four ministers separately or grill Sabeeh Ramos a “liar and a thief” and insisting “you owe me an for being directly responsible. He gave the minister an ulti- apology”. “He alleged that I was cheating, and I wasn’t matum to provide the information he had demanded or cheating,” Williams told reporters later. “I don’t use on- NEW YORK: Serena Williams of the US argues with chair umpire Carlos Ramos while playing face a fresh grilling which is expected to be submitted at court coaching (where it’s allowed at WTA tour events). against Naomi Osaka of Japan during their 2018 US Open women’s singles final match on the start of the new term next month. Continued on Page 24 September 8, 2018 in New York. — AFP (See Page 28) Continued on Page 24
Hijri New Year Khamenei urges KUWAIT: The Civil Service Commission Iran’s military to Kuwait ranks ‘worst announced yesterday that tomorrow (11-9-2018) will be a holiday in all government departments on ‘scare off’ enemy for expats’; Bahrain the occasion of the Hijri New Year. The crescent of Muharram was not seen yesterday evening - so DUBAI: Supreme Leader Ayatollah Ali Khamenei urged remains the best today will be the 30th of Thulhijja and tomorrow Iran’s armed forces yesterday to increase their power will be Muharram 1st. Hijri is calculated according to “scare off” the enemy, as the country faces increased By Aakash Bakaya to the Islamic lunar calendar and not the Julian or tension with the United States. His statement came just Gregorian solar one. It thus does not begin on before Iran’s elite Revolutionary Guards said it fired KUWAIT: According to a recent poll by Expat January 1, but on the first day of the month of seven missiles in an attack on Iraq-based Iranian Insider, Kuwait is the worst country to work in for Muharram. Kurdish dissidents that killed at least 11 people on an expat. The poll takes into consideration factors Saturday. “Increase your power as much as you can, TEHRAN: Iran’s Supreme Leader Ayatollah Ali Khamenei (right) such as quality of life, ease of settling in and overall because your power scares off the enemy and forces it meets with Russian President Vladimir Putin in the capital general satisfaction. Kuwait was placed 68th, a to retreat,” Khamenei’s official website quoted him as Tehran, on the sidelines of a summit hosted there on the position it held from 2014-2016, and came second saying at a graduation ceremony for cadets of Iran’s Syrian conflict. — AFP last in 2017. Kuwait is also in the bottom five of the regular armed forces. Working Abroad and Family Life Indices, with a Trump axes $25 US President Donald Trump in May withdrew from slightly better, albeit below-average, result for per- Iran’s nuclear agreement with world powers - a deal Iranian naval forces in the Gulf of Aden, off the coast of sonal finance (50th). million in aid for aimed at stalling Tehran’s nuclear capabilities in return Yemen, while speaking to their commander via vide- Two factors that both Kuwait and Saudi Arabia for lifting some sanctions - and ordered the reimposi- olink. Shiite power Iran rejects accusations from Saudi had difficulty with were in the Friendliness and tion of US sanctions that had been suspended under Arabia that it is giving financial and military support to Finding Friends Indices coming dead last in both. Palestinians the deal. “Iran and the Iranian nation have resisted Yemen’s Houthis, who are fighting a government backed Almost two-thirds of respondents in Kuwait said America and proven that, if a nation is not afraid of by a Saudi-led military coalition of Sunni Arab coun- that making friends was difficult, while 44% are not WASHINGTON: President Donald Trump has threats by bullies and relies on its own capabilities, it tries. Meanwhile, a senior military official said Iran had satisfied with the opportunities to make new friends ordered that $25 million earmarked for the care of can force the superpowers to retreat and defeat capability to export the know-how to produce solid in general. Respondents in Saudi Arabia faced similar Palestinians in East Jerusalem hospitals be directed them,” Khamenei said during a visit to Iran’s Caspian rocket fuel, the state news agency IRNA reported. such issues but fared slightly better in comparison. elsewhere as part of a review of American aid, a US port city of Nowshahr. Solid fuel rockets can be fired on short notice. Continued on Page 24 State Department official said yesterday. Trump State television also showed Khamenei praising Continued on Page 24 called for a review of US assistance to the Palestinians earlier this year to ensure the funds were being spent in accordance with American national interests and were providing value to taxpayers. “As a result of that review, at the direction of the Syrian and Russian President, we will be redirecting approximately $25 million originally planned for the East Jerusalem forces pound Idlib Hospital Network,” the State Department official said. “Those funds will go to high-priority projects else- BEIRUT: Regime and Russian air raids pounded Syria’s where.” The aid cut is the latest in a number of last major rebel bastion of Idlib yesterday after an actions by the Trump administration that have alienat- overnight lull, killing at least one child, a monitor said. It ed the Palestinians, including the recognition of was the second day of bombardment on the jihadist and Jerusalem as Israel’s capital and moving the US rebel-held province and adjacent areas, after key embassy from Tel Aviv to Jerusalem. powerbrokers in Tehran failed to reach a deal to avert a Continued on Page 24 government assault. The Syrian Observatory for Human Rights, a Britain- based monitoring group, said heavy attacks resumed on the northwestern region near the Turkish border around midday yesterday. “Regime helicopters dropped more than 60 barrel bombs on the village of Hobait in Idlib’s southern countryside, killing at least one young girl” and wounding six other people, Observatory head Rami Abdel Rahman said. In the neighboring province of Hama, Russian jets carried out more than ten strikes on rebel positions in the village of Al-Latamneh, he said. The raids wounded five rebels and knocked the village’s underground hos- pital out of action, just a day after strikes damaged a similar health facility in Idlib’s southern town of Hass. AL HABIT: This picture shows the destructions after government forces’ bombings in the town Some of the heaviest bombardment in weeks hit Idlib of Al Habit on the southern edges of the rebel-held Idlib province yesterday. — AFP and nearby areas on Saturday, killing at least nine civil- ians before coming to a halt by the evening, the boring provinces of Aleppo, Hama and Latakia. Geneva to urge diplomats and UN officials to help pre- RAFAH: A Palestinian relative mourns over the death of Observatory said. Hundreds of families have fled Idlib’s southeastern vent a “catastrophe”. The United Nations has warned 17-year-old Palestinian boy Belal Khafaja, killed by More than half of Idlib is held by Hayat Tahrir al- areas since Saturday, when Russian and regime strikes that any military campaign in Idlib could push up to Israeli forces during a protest at the Israel-Gaza border, Sham (HTS), an alliance led by Syria’s former Al-Qaeda on the region were the most violent in a month, the 800,000 people to flee their homes. The leaders of during his funeral in Rafah. — AFP affiliate, while most of the rest is held by rival rebels. Observatory said. Idlib’s health chief Munzer Al-Khalil regime allies Russia and Iran met with the president of The regime controls a southeastern chunk. HTS and said Saturday he feared “the most catastrophic crisis” rebel backer Turkey in Tehran on Friday, but failed to rebels are also present in adjacent areas of the neigh- in Syria’s seven-year war. He said he had travelled to reach an agreement to avoid a military assault. — AFP 2 Local Monday, September 10, 2018 Crown Prince congratulates Amir on 4th humanitarian title anniversary Amir’s efforts to lead charity, humanitarian work made Kuwait proud: Minister
KUWAIT: His Highness the Amir Sheikh Sabah Al-Ahmad cable on to His Highness the Amir, congratulating him on ruling period, which witnessed great humanitarian feats Al-Jaber Al-Sabah yesterday received a congratulatory the fourth anniversary of the UN humanitarian honoring. In locally and internationally. In return, His Highness the Amir letter from His Highness the Deputy Amir and Crown his cable, His Highness Sheikh Salem Al-Ali congratulated sent His Highness Sheikh Nasser Al-Mohammad a reply Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah on the His Highness the Amir, on behalf of the Deputy Chairman cable, voicing his sincere thanks and appreciation. His occasion of the fourth anniversary of the UN honoring of of the National Guard Sheikh Meshaal Al-Ahmad Al-Jaber Highness the Amir affirmed that this exceptional UN hon- His Highness as ‘Humanitarian Leader’ and the State of Al-Sabah and all National Guard officers, on the anniver- oring reflected Kuwait’s international status and pioneer- Kuwait as ‘International sary. He added that the moniker was ing role in the adoption of humanitarian initiatives to help Humanitarian Center’. something that all Kuwaitis should people affected by conflicts, wars and natural disasters. In his cable, His Highness be proud of since it cements His Highness the Amir also received a cable from His the Crown Prince expressed Speaker, Kuwait’s position as a bastion of Highness the Prime Minister Sheikh Jaber Al-Mubarak Al- pride in the UN accolade to humanity. The National Guard Hamad Al-Sabah, who expressed his congratulations on his chief wished His Highness the Amir His Highness the Amir say- top officials behalf and on behalf of his fellow Cabinet members on the good health and wellbeing. His ing that it was a result of the occasion. His Highness the Amir replied to him with a cable, noble initiatives of His congratulate Highness the Amir sent a reply cable to Chief of the KNG His thanking him and his fellow ministers for their sentiments. Highness the Amir, a matter His Highness the Deputy Furthermore, Minister of Commerce and Industry which has placed Kuwait on Highness Sheikh Salem Al-Ali Al- Amir Sabah. In the cable, His Highness His Highness the Amir Amir and Crown Prince Khaled Al-Roudhan said that the efforts of His Highness the the world’s humanitarian the Amir said Kuwait has been Sheikh Sabah Al-Ahmad Sheikh Nawaf Al-Ahmad Amir to lead charity and humanitarian work made Kuwait map and uplifted its status active in humanitarian action and Al-Jaber Al-Sabah Al-Jaber Al-Sabah proud. The honoring of the UN reflected Kuwait’s long his- on the international arena. initiatives, which aimed at helping tory of humanitarian and relief aid work which officially His Highness the Crown the needy affected by conflicts and disasters. His began in the 1960s and was present prior to that, the minis- Prince wished His Highness the best of health and more Highness the Amir also wished His Highness Sheikh his fellow lawmakers for the warm sentiments, saying that ter said. Back then and even now, His Highness maintained prosperity for Kuwait and its people. His Highness Sheikh Salem Al-Ali good health and wellbeing. the UN acknowledgement was a testament to the global his humanitarian ethos through numerous posts he assumed Nawaf said the Kuwaiti people were proud of this unique prominence Kuwait has attained. He wished Kuwait per- and Sheikh Sabah made it a cornerstone of Kuwait’s foreign achievement, which crowned His Highness the Amir’s great Altruistic endeavors petual development and prosperity, urging his compatriots policy during his current rule, he pointed out. efforts, contributions and initiatives in the humanitarian field. Also yesterday, His Highness the Amir received a letter to keep the nation’s best interests at heart. Kuwait, under the leadership of His Highness the Amir, In return, His Highness the Amir sent His Highness the from Kuwait’s National Assembly Speaker Marzouq Al- In the meantime, His Highness Sheikh Nasser Al- led campaigns of organized humanitarian intervention to Deputy Amir and Crown Prince a reply letter, voicing sin- Ghanem, who expressed his elation over the accolade, Mohammad Al-Ahmad Al-Jaber Al-Mubarak Al-Sabah stop the deteriorating situations in several countries that cere thanks and appreciating His Highness noble senti- wishing His Highness the Kuwaiti leader continued success sent a cable of congratulations to His Highness the Amir, has been subjected to wars and disasters. His policy is an ments. His Highness the Amir affirmed that this exceptional as his altruistic endeavors continue to have an impact on congratulating him on the fourth anniversary of the honor- embodiment of balance, wisdom, unconditional assistance UN honoring reflected Kuwait’s international status and the lives of people all over the world. He went on to ing. In his cable, His Highness Sheikh Nasser Al- and non-interference in the affairs of other countries, he pioneering role in the adoption of humanitarian initiatives emphasize that the UN moniker bestowed upon His Mohammad said that he was glad to celebrate the fourth stressed. Roudhan said that he was proud of the honorable to help people affected by conflicts, wars and natural dis- Highness the Amir was well-deserved given his immense anniversary of His Highness the Amir’s UN honoring, wish- roles of His Highness the Amir in leading the renaissance of asters. Meanwhile, Chief of the Kuwait National Guard contributions towards humanitarian service. ing Sheikh Sabah evermore success and good health. He the country as well as the humanitarian action of Kuwait (KNG) His Highness Sheikh Salem Al-Ali Al-Sabah sent a In his reply, His Highness the Amir thanked Ghanem and also assured that he was proud of His Highness during his worldwide. — KUNA Crown Prince receives Prime Minister, officials
KUWAIT: His Highness the Deputy Amir and Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah received His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah at Seif Palace yesterday. Meanwhile, His Highness Sheikh Nawaf Al-Ahmad received Kuwait’s Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah and Deputy Prime Minister and Interior Minister and acting Defense Minister Sheikh Khaled Al-Jarrah Al-Sabah. His Highness the Crown Prince also received Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Al-Saleh and Acting National Assembly Speaker Essa Ahmad Al-Kandari. — KUNA
Ambassador to Kuwait Bandar bin FM receives Mohammed Al-Attiyah. Foreign Minister Sheikh Sabah Al-Khaled also received the credentials of the newly appointed new Qatari, Hungary Ambassador to Kuwait. During the meetings, Sheikh Sabah Al-Khaled Hungarian wished the new ambassadors the best of luck in their new duties. In other news, Deputy Foreign Minister envoys Khaled Al-Jarallah received yesterday the Egyptian Ambassador to Kuwait Tareq Al- KUWAIT: Deputy Prime Minister and Qooni, where both men discussed ways of Minister of Foreign Affairs Sheikh Sabah bolstering bilateral ties. The two sides also Al-Khaled Al-Hamad Al-Sabah received discussed the latest regional and interna- yesterday the credentials of Qatar’s new tional developments. — KUNA
Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al- Sabah meets with Qatar’s new Ambassador to Kuwait Bandar bin Mohammed Al-Attiyah.
KUWAIT: Head of the Mission of Democratic People’s Republic of Korea Ju Myong Chol hosted a reception on the occasion of Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Al-Khaled Al-Hamad Al- the 70th National Day at the Crowne Plaza Hotel over the weekend. Higher officials, diplomats, members of the Korean commu- Sabah meets with the newly appointed Hungary Ambassador to Kuwait. nity and media persons attended the event. Established 1961 3 Local Monday, September 10, 2018 Medical Association calls for giving minister chance to meet demands Proposal to use solar energy at state departments’ buildings
By Meshaal Al-Enezi and A Saleh demanded amendments to the system by maintaining secrecy and security in trans- in addition to a small sweeper to clean which buildings of state departments are ferring information. Hamar thanked the pavements, while the number of boats KUWAIT: Kuwait Medical Association constructed, saying that the current system Social Affairs Ministry in person the was increased to two to clean islands (KMA) said it supports the demands of results in ‘major expenses’ that the state Assistant Undersecretary for Planning and periodically. nurses and their society, and rejected ends up paying for electricity, while natural Administrative Sector Affairs Hassan Kazim, involving doctors in ‘attacks’ made against energy resources are available yet remain and the working teams at the ministry Road projects the Minister of Health Dr Bassel Al-Sabah. unutilized. Maal proposed to commit min- which exerted great efforts to come out Director General of Public Authority for The society said that doctors still have istries and other state departments to install with such a project. Roads and Transportation Eng Ahmad Al- important demands that were not met yet, solar panels to produce electric power and Hossan inspected the first and second adding that it is working hard with the min- reduce consumption of traditional means of Cleaning companies stages of the development of Al-Ghous istry to fulfill them. “It is normal to give the energy sources. Deputy Director General of Kuwait street, to follow the progress there. Hossan health minister time to meet the demands, Municipality for Municipal Services urged those working on the projects to since they are tied to other state depart- Electronic project Khalaf Al-Mutairi said the committee speed up the process of work so that they ments including the Civil Service Kuwait Food Bank said it joined the elec- responsible for qualifying and categoriz- can enter service as soon as possible and Commission, Fatwa and Legislation tronic platform that was launched by the ing cleaning companies completed the improve the roads’ network around the Department and others,” Head of KMA Dr Ministry of Social Affairs and Labor which documents of 17 public cleanliness ten- country. Director of the first stage project, Ahmad Al-Enezi said. He pointed to the in order to follow the performance, reports, ders as published in ‘Kuwait Al-Youm’. which seeks to develop the road from Fifth pressures the ministry is under due to the expenses and donations of nongovernment Mutairi said that cleaning contracts were Ring Road to the Sixth Ring Road, Eng Dr Bassel Al-Sabah sensitive nature of health services, especial- organizations (NGOs) in and outside developed to improve the service’s level, Khalid Al-Miraj, spoke about the implemen- ly following the opening of new hospitals Kuwait. Director General of Kuwait Food as a new garbage collection truck was tation stand and completion percentages. and centers such as the Jaber Al-Ahmad Bank Salem Al-Hamar said the bank is one brought, provided with a hydraulic emp- He said that the project is one of the most area to the Seventh Ring Road, Eng Anwar Hospital. of the first charity entities that signed into tying system to collect garbage from nar- important projects the authority is imple- Al-Beloushi, said the project is going on as the new electronic platform. He said the row streets in addition to an automated menting at the cost of KD 77.3 million to planned. He said the project is one of the Solar panels new system comes as part of the ministry’s sweeper to clean inner streets. He said serve the traffic from adjacent residential major development projects, carried out at a Head of the technical committee at the efforts towards developing the charity and that a crane was brought in to tow vehi- areas. Meanwhile, director of the second cost of KD 70.9 million to develop Al- Municipal Council Abdul-Aziz Al-Maal humanitarian projects in Kuwait, while cles to remove abandoned and scrap cars, stage, which starts from Sabah Al-Salem Ghous street and increase the flow of traffic.
Shamlan marina in Sharq yesterday, saying that all woman went in pursuit of the man who drove away able to identify the men and when they were together Shuwaikh shop trolling boats stopped working because of the ban on from the scene. When the man arrived at this home, he in a cafe, detectives moved in and arrested them after shrimping in territorial waters, which caused them was shocked to see the woman getting out of her car fierce resistance. The men were taken to the criminal severe losses, adding that their helpers plan to leave with a knife in hand, which she tried to attack him with. detectives department. The three denied charges at the worker attacker the country. Head of the Kuwait Fishermen Union He was able to overpower the woman and take the knife start, then following a line-up victims identified them, Dhaher Al-Suwayan demanded that the government out of her hand. After that, the woman headed to the and they confessed to committing the crimes. sentenced compensates them after the heavy losses they incurred police station and accused the man of physically due to the shrimping ban decision that was made by assaulting her. The man was summoned, and he told Fight the Public Authority for Agricultural Affairs and Fish police that the woman harassed him on the road and Two citizens exchanged blows after one of them to 17 years in jail Resources. put his life in danger. Investigations are ongoing. mocked the other on social media. The incident started when one of the men made some offensive comments Fatal crash Thieves caught against the other, which made him angry and he By Meshaal Al-Enezi and Agencies Three brothers were killed in a car accident on Detectives arrested three Syrian brothers, who were responded in kind. The two agreed to meet and as Sixth Ring Road, which also left two other citizens crit- mugging expats at knifepoint, and wounded some of soon as they saw each other, a fight broke out. Both KUWAIT: The Criminal Court yesterday sentenced a ically injured. A police source said the three brothers them to scare them and take their belongings. The filed charges as police are investigating. Separately, Kuwaiti citizen to 17 years in jail on charges of severe- were heading to Salmi desert when their car was three formed a gang that carried out armed robberies Ahmadi police broke up a fight between two Egyptian ly assaulting a shop worker in Shuwaikh and leaving involved in a collision with another vehicle. Police and and specifically targeted expats of various nationali- women in Fintas, which started after one of them hit him in a critical condition. Meanwhile, the court exon- paramedics rushed to the scene as firemen removed ties. They used to stalk victims in public places and the other’s car while parked. Both were charged with erated the Egyptian worker from physical assault the men from their wrecked vehicles. The deceased’s dark alleys, then stop and mug them. Detectives were exchanging blows. charges that the citizen had pressed. The suspect was bodies were taken to the coroner. charged with using excessive force against the shop worker following a dispute over spare parts for his Traffic dispute turns violent motorcycle. The incident had sparked outrage in the A woman accused a man of physical assault, but the local community, and prompted Egyptian officials to man told police that his actions were in self-defense intervene and demand justice for their compatriot. and countered with filing a murder attempt case against the woman, Al-Rai reported yesterday. According to Fishermen protest the police report, the incident started when the two A large number of trolling fishermen gathered at Al- were involved in a traffic dispute, after which the
Official stresses importance of involving community into 2035 vision
KUWAIT: The Secretary-General of the Supreme Council for Planning and Development Dr Khaled Mahdi (center) speaks during a press conference yesterday. — KUNA
KUWAIT: The Secretary-General of the Supreme Meanwhile, Chairman of Policy and Information Council for Planning and Development Dr Khaled Committee in the Supreme Planning Council, Dr Fahad Mahdi stressed yesterday the importance of involving Al-Rashed, assured the need to combine efforts and the community in the ‘New Kuwait 2035’ vision to translate them into actions to support and realize the achieve His Highness the Amir Sheikh Sabah Al-Ahmad vision of ‘New Kuwait 2035’. Rashed stressed the need Al-Jaber Al-Sabah’s desire to turn Kuwait into a finan- to involve young people to identify the promising com- cial and commercial center attractive to investment. petencies “as it is our duty to all work hard to achieve The current phase of media support project for the this vision.” development plan and the vision of ‘New Kuwait 2035’ Undersecretary of the Ministry of Information for will see launch of many messages, the most important Press and Publication Affairs, and Chairman of the of which is that Kuwait is an economic base and an Media Support Committee for Development Plan international corridor for trade, finance and services, Mohammed Al-Awash said, the Ministry of Information Mahdi said. These messages serve to achieve the is working hard to simplify the goals and requirements vision of His Highness the Amir, especially in light of of the vision for every citizen and resident. Awash the global economic changes, which must be aligned to stressed the readiness of the Ministry to provide the accomplish strategic directions and make Kuwait a necessary media support through innovative ways to global economic corridor, he added. He noted that the involve the community in achieving the vision of ‘New stage of engaging the community in the vision of ‘New Kuwait 2035’. In the meantime, the KAFO Project Kuwait 2035’ comes after defining the vision in gener- Manager Dr Fatima Al-Mousawi said, the project aims al, “Now is the time to involve them to learn more at identifying and highlighting the competencies, about the vision through this unprecedented program stressing that the project seeks to identify the talented and pilot launch which is developed after the end of and accomplished young people with the vision of the trial period.” ‘New Kuwait 2035’. —KUNA 4 Established 1961 Local Monday, September 10, 2018
Photo of the Day
KUWAIT: A worm’s-eye view of Kuwait Towers. —Photo by Yasser Al-Zayyat Floral design: A booming, wide spreading business in Kuwait Designers speak about challenges faced running their own businesses
KUWAIT: Floral design is an exquisite art form with a precise Hajj pilgrimage period. In any given event, she mostly discipline based on arranging flowers of various colors in a imports flowers, but there were some types of flowers not way that evokes awe, beauty and admiration. In Kuwait, vari- easy to obtain like the peonies, cherry blossom, and fresh ous florists came to the spotlight and floral design shops lavender. To expand the lifespan of flowers, Refaei sug- began to sprout, offering people a wide assortment of prod- gested keeping flowers in a cold place, changing the water ucts that fit every season and occasion. every two days, and cutting the edge of the stem in a diag- In an interview focusing on the floral design boom, Lulwa onal shape. Refaei called on all florists to avoid copying Al-Refaei, a flower specialist and owner of ‘Zaina Flowers’ ideas and forge new innovative paths to follow, affirming home business, founded her project in October 2012 with that copying kills the spirit of creativity. the aim of providing unique boutiques for every occasion. Before starting her business, Refaei noticed her massive Obstacles and challenges interest in floral design, harmonizing colors and flowers Meanwhile, Mey Al-Shehoumi — a florist, events care. As result of this passion, she joined a variety of cours- planner, and owner of ‘My Event’ planning outfit — said es and classes specializing in flowers arrangement and floral that she always liked organizing for occasions especially design. She started to arrange for relatives and friends until for receptions, a popular activity in Kuwaiti society. A she felt capable and ready to begin her own business. college of sharia and Islamic studies graduate, Shehoumi After she began, Refaei struggled with finding a good said that she began to plan for people in her milieu, and adequate commercial marketing plan that would be despite the fact that she did not study the art formally. positive for sales. The lack of manpower also affected her. Afterwards, Shehoumi documented her work on social “In the beginning, I used to prepare all the orders by media platforms, which helped her to stand out and offi- myself without help from others, which made me feel cially launch her business in February 2016. knackered; however, loving my business and serving my One of the biggest obstacles in the beginning was customers was worth it,” Refaei said. Refaei talked about preparing for low-priced events, which might affect her if the client chose flowers of white color, then the search season and after the Hajj pilgrimage, but in contrast, the characteristics that distinguish florists from each other. own personnel budget if the demands were high. for plants of the same color scheme will commence, and there were also times of recession in summer especially She believed that florists should be precise, because floral Another issue was that customs inspections in Kuwait the selection process follows afterwards, she said. in June, July, and August, Shehoumi said. On the other design needed accuracy and a talent for mixing just the might cause delay in the flowers delivery, despite the If the customer ordered a specific type of an off-sea- hand, both natural and artificial flowers were highly right colors. best intentions on part of the planner and exporting son flower, the price will definitely be higher, Shehoumi demanded and have the same price tag, though the natu- Moreover, florists should always be creative and companies, she added. explained. Meanwhile, Shehoumi said that preparing for ral ones — which her shop usually sells — tend to fade acquire a special taste by using new and unique ideas and On the ‘nitty-gritty’ aspects of flowers arrangement, occasions such as weddings differed from say recep- in few days. On the long-run, the beginnings might be techniques. On the specifics of the business, Refaei said the Kuwaiti florist said that picking the colors of the flow- tions, which usually takes around 24 hours. Reservations hard, but passion for floral design makes the struggle all that the orders of flowers grew in Ramadan, Eid, and in the ers mostly depended on clients’ preferences. For example, generally increase in some periods such as graduation worthwhile, she advised. —KUNA PAAET announces start of academic year
KUWAIT: The Higher Institute of Energy at the Public Authority for Applied Education and Training (PAAET) held a training session on the occasion of starting the first term for the academic year 2018-2019. The session was held under the patronage and presence of Deputy Director General of PAAET for Training Affairs Tariq Al-Ameeri, and representative from public, private and oil sectors that are closely linked to the authority. Ameeri said that the institute is keen on holding the ceremony annually at the start of the new training year, Director of Media and Public Relations at PAAET Fatima KUWAIT: Officials pose for a group photo during the ceremony. and he lauded the institute’s role in preparing qualified Al-Azmi is honored. Kuwaiti workers to work in all three sectors. The institute’s director Eng Usama Al-Duaij wel- comed the guests and congratulated the trainees on porting efforts to help needy families to continue their edu- terms of its contribution to the construction of the human, the start of the training season and wished them well. KRCS affirms cation. The campaign aims to bring 5,000 students back to he noted. The Deputy Chairman assured the initiative of Duaij also thanked PAAET Director General Dr Ali Al- school after dropping out of the educational process for Al-Kout Mall to embrace this campaign strengthens the economic reasons and for lack of tuition fees, Hasawi said partnership between KRCS and private sector institutions Mudhaf for his continued support of the higher insti- commitment to on the sidelines of the donation campaign ‘Donate to Teach and all donors of citizens and residents in Kuwait to con- tute. He also thanked Deputy Director General for Them’ in Al-Kout Mall. “Every donation means a chance for tribute to humanitarian work. Finally, he called on the pri- Training Eng Tariq Al-Ameeri, and Deputy Director society development a child to return to his school seat,” Hasawi added. vate sector, foundations, donors and individual sharehold- General for Administrative and Financial Affairs Eng The educational campaign comes within the framework ers to play their social role in donating to the society by KUWAIT: Deputy Chairman of Kuwait Red Crescent Hajraf Al-Hajraf. Meanwhile, Ameeri honored repre- of the humanitarian role of KRCS to achieve its main goal going to Al-Kout Mall, KRCS website or at its headquar- Society (KRCS) Anwar Al-Hasawi affirmed yesterday in educating children in need, stressing the importance of ters to cover the educational costs of the needy families sentatives of the market-place and some workers in KRCS’ commitment to the society development and sup- the educational case like other relief and medical issues in inside Kuwait. —KUNA the institute. 5 Local Monday, September 10, 2018 Agreement signed to provide ACK students with training on renewable energy technology Australian College of Kuwait, National Technology Enterprises Company sign agreement
By Faten Omar
KUWAIT: The National Technology Enterprises Company (NTEC), owned by the Kuwait Investment Authority (KIA), signed a strategic cooperation agreement with the Australian College of Kuwait (ACK) yesterday. The joint cooperation is in the academic field, and through which training will be provided for ACK students to meet the needs of the local and international markets in the fields of renewable energy technology, energy efficiency, environ- ment and sustainable development. The agreement was signed by Engineer Abdullah A Al-Mutairi, CEO of EnerTech Holding Company and Professor Dr Essam Zaabalawi, President of ACK. The agreement will help ACK graduates to work in the energy and development market through a range of programs. The signing ceremony was held at ACK headquarters. The cooperation agreement comes as part of NTEC’s KUWAIT: Engineer Abdullah A Al-Mutairi, CEO of EnerTech operational plan to contribute to the vision of His Holding Company (left) and Professor Dr Essam Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al- Zaabalawi, President of ACK shake hands after signing the Sabah to diversify energy sources and use alternative agreement. — Photos by Yasser Al-Zayyat energy to generate 15 percent of the country’s total ener- gy in 2030, in addition to achieving the goals of the ‘New Kuwait 2035’ vision. advanced technical support and services to local and The agreement is intended to reflect the present under- regional industries. The agreement is also intended to transfer and standing resulting from the discussions the parties have A general view of officials attending the signing ceremony. had in their negotiations about the terms and conditions of exchange science and technology-related information, to the proposed cooperation as to study and develop joint exchange or share facilities and equipment for collabora- training curriculums, to exchange or assign personnel for tive or independent research and trainings based on the ing courses upon mutual interests, to extend invitations for opportunities for ACK students to obtain field training and collaborative training, projects or sharing experience, and policies of both parties, to organize or co-sponsor sym- attending scholarly and technical meetings as well as internship at NTEC’s or its subsidiaries’ premises as part to develop joint projects and trainings aimed at providing posia, conferences, forums, seminars, workshops and train- national and international conferences, and to provide of their graduation requirements.
AC issues completed, work normal in schools: Minister
KUWAIT: Kuwait’s Minister of Education and Higher Education Dr Hamid Al-Azmi said yesterday that following the measures taken by the ministry during the past few days to deal with the failure of the air conditioners in some schools, most of the major problems have been completed and work in all schools is back to normal. On the sidelines of an inspection tour between a num- ber of public education schools in the Mubarak Al-Kabeer and Hawalli educational zones, the minister told reporters KUWAIT: Minister of Education and Higher Education Dr Hamid Al-Azmi and ministry officials are seen while touring a number of public education schools yesterday. — KUNA that 900 air conditioning units would be distributed to photos educational districts. Two hundred units were distributed to Ahmadi educational schools, 200 to Hawally educational area, 200 to Mubarak Al-Kabeer educational area, 100 to priate atmosphere during the school day. In his con- Al-Jahra educational area, 100 to the Capital educational gratulations to the members of the educational and area and 100 to Farwaniya educational area, he explained. administrative bodies and parents on start of the new Minister Azmi stressed that the ministry is keen to school year and regular school attendance in all grades provide more air conditioning units to the educational with the start of the secondary school students, he areas if necessary, indicating simultaneously that work praised the efforts of the members of the educational is underway in full swing to solve all the problems that and administrative staff in schools as well as educa- faced the start of the academic year as soon as possi- tional areas. Minister Azmi started inspection tour of ble. The minster stressed his keenness to preserve the several schools since early morning hours, accompa- safety of students, members of the educational body nied by Assistant Undersecretary of Educational and and the administrative body and to use all available Planning Facilities Yasin Al-Yasin and a number of min- means to ensure their comfort and provide the appro- istry officials. — KUNA
including the Ministry of Interior. mini-village with streets and roads Zain joins The visits, organized by Zain in where children can simulate driving partnership with MOI, targeted many and learn basic traffic laws such as age groups, starting from kinder- wearing seatbelts, following road students in garten children to middle and high lines, respecting special needs park- school students. Zain’s team partici- ing, and more. welcoming pated in distributing gifts to children As part of its partnership with the and cold beverages to students to Ministry of Interior, Zain sponsored new school year ease the hot weather conditions and the National Drug Abuse Prevention encourage the students to welcome Campaign during June 2018. The the new school year with eagerness campaign mainly aimed at spreading KUWAIT: Zain, the leading telecom- and enthusiasm. awareness among young people munications company in Kuwait, Zain’s support to this campaign about the various types of illegal organized a number of awareness vis- extends throughout the new school drugs, their dangers, and how to pre- its to various schools from different year of 2018-2019. The campaign vent them. governorates to joins students in wel- aims at spreading positive awareness Zain will continue to find ways to coming the new school year. The vis- about traffic safety among students of serve the community as to foster a bet- its came as part of the company’s all age groups, ranging from kinder- ter world and be a productive member strategic partnership of the Ministry garten to college, with the goal of of the society, being a leader in the of Interior’s (MOI) latest traffic enriching traffic safety values within Kuwaiti private sector. The company is awareness campaign organized by the them from an early age. proud to be one of the first organiza- General Department of Relations and The campaign recently witnessed tions to partner with the Ministry of Security Media. the organization of an awareness Interior to make this campaign a suc- Zain organized the awareness vis- exhibition held at the Avenues Mall, cess and contribute to saving lives. its as part of its corporate sustainabil- which mainly aimed at spreading pos- Zain’s solid Corporate Sustainability ity and social responsibility strategy itive awareness among visitors, espe- and Social Responsibility strategy pri- that aims at serving the community. cially young people, about traffic marily focuses on the wellbeing of the The company will always be keen on safety through a number of activities entire nation. For this reason, the com- shouldering initiatives that work that contribute to delivering a positive pany has maintained its support of towards enhancing the society’s wel- message in a creative way. The activi- numerous initiatives that spread aware- fare in partnership with the various ties included a coloring section for ness and help make a difference in ministries and public authorities, children to introduce traffic signs, a people’s everyday lives.
KUWAIT: Zain’s team and Ministry of Interior officials pose for a group picture with children during one of the visits. Established 1961
InternationalMONDAY, SEPTEMBER 10, 2018 No ICBMs, North Korea military parade features floats, flowers Far-right tipped to win big as Swedes head to the polls Page 8 Page 9
DAMASCUS: Syrian railroad workers and technicians work on the restoration of the railway in the Syrian capital. — AFP Syria’s ravaged railways see new hope Locomotives have chugged across Syria for over a century
DAMASCUS: Abu Abdo eases himself into wheel after six years stuck behind a desk between Damascus, Homs and Aleppo, as tomed to waking each morning to the year, says Transport Minister Ali Hammud. the driver’s seat, itching to try out freshly and largely idle at the Public Transport well as lines between the coast and the sound of train whistles. That changed in “The railways will play an essential role in laid train tracks between two suburbs of Authority. Before the war, he had driven country’s east, bordering Iraq. Many lines early 2013, when rebels overran the district reconstruction,” Hammud said. Syria’s capital, Damascus. “I’ve been wait- trains for 20 years. Locomotives had even lack tracks. and Tikriti fled, ahead of Qadam then Cargo trains carry construction materials ing for this day for six years,” the 42-year- chugged across Syria for over a century, “Some tracks were stolen and others falling into IS’ clutches. “faster and cheaper” than lorries, he says. old says, drumming excitedly on the train’s carrying passengers, construction materi- “We’re working now to link the cities Repairing the railways could also revitalize control board. He prepares for a test drive als, oil and gas over hundreds of kilome- (back) together,” Tikriti tells AFP. Seven land trade and jump-start Syria’s collapsed on a stretch of tracks leading from Qadam ters. The trains linked Damascus to the years of war have destroyed towns and economy, Hammud says. “We’re the gate- station-until May a pocket of Islamic State second city, Aleppo, and other urban cen- Railways cities, including infrastructure, from water way to the Mediterranean for the Gulf, group resistance-to grounds hosting the ters in Homs, Latakia on the western pipes to power stations. The United Jordan, and Iraq,” he says, pointing to a annual Damascus International Fair. coast, Deir Ezzor in the east, and else- crucial to Nations estimated last month that the map of Syria. “The objective is to link After seven years of war, the government where. But train traffic came shuddering conflict has cost Syria close to $400 bil- Syrian ports to neighboring countries,” he is now back in control of nearly two thirds to a halt in 2012, a year into the civil war. reconstruction lion (350 billion euros). “We’re in a race adds, referring to the maritime posts at of Syria’s territory, after seizing large against time to rehabilitate the railway. Tartus and Latakia. “We’re going to recon- swathes back from myriad rebel and jihadist Next stop: reconstruction policy We all really want to hear the sounds of nect all the borders.” groups. The regime views reviving the rail- Of the 2,450 kilometers of train tracks trains” again, says Tikriti. For driver Abu Abdo, the railway’s revival ways as crucial to its reconstruction policy. that cross Syria, some 1,800 kilometers is personal. The lifelong driver comes from And the week-long fair, which started on will be repaired, according to the trans- Tight timetable Idlib in the northwest, the only province still Thursday, is being serviced by 28 trains port ministry. Stretches of track survive were damaged because of the war,” says In July, President Bashar Al-Assad ear- in rebel hands and the next military target each day, according to state media. Abu intact in the coastal provinces of Latakia Radwan Tikriti, the railway chief for the marked rebuilding Syria as his “top priori- for regime forces. “I hope the day will come Abdo begins the trial run. and Tartus, areas relatively insulated from Damascus region. He has worked with ty”, and reviving the railways is a big part of when I can go back to my hometown,” he “When I drive a train, I feel like I’m fly- the violence. Routes that will be revived locomotives for 30 years and once lived that task. The authorities aim to have most says. “Only then can we say that Syria has ing,” he says, happy to be back behind the include those running north-south near Qadam station, where he grew accus- lines back up and running by the end of the become what it was before the war.” — AFP
‘Mistrust’ Failure of Yemen The Geneva talks were abandoned on Saturday as fresh fighting broke out on the ground. Analysts say the failure to bring Yemeni representatives to the summit, peace talks opens which would have been the first since lengthy talks in Kuwait collapsed in 2016, will only raise mistrust Pakistan’s way to escalation between the government and rebels. “The peace talks did not begin, and because there is no peace process to be considered that means there are fewer constraints in new president DUBAI: The collapse of UN efforts to organize peace place for the behavior of both sides on the ground,” said talks between the Yemeni government and rebels is like- security and defense analyst Aleksandar Mitreski. Alvi sworn in ly to lead to an escalation in the country’s war, analysts “While there is mistrust between the actors, as much say. Long-awaited talks between the Saudi-backed gov- as there is in any conflict of this kind, I believe the fail- ISLAMABAD: Pakistan’s new President Arif Alvi was ernment and Houthi rebels linked to Iran were set to ure of the peace process is due to the imbalance of sworn in at a ceremony in Islamabad yesterday, con- start Thursday but failed to take place. power between the two sides,” said Mitreski, researcher cluding the country’s peaceful transfer of power to its The Houthis, armed tribesmen from northern Yemen, at the University of Sydney. Yemen’s government on new government after a turbulent election campaign. refused to leave Sanaa to attend the talks, saying the Saturday accused UN envoy Martin Griffiths of defend- His appointment further cements the ruling party’s UN had failed to guarantee the return of their delega- ing the rebels. Foreign Minister Khaled al-Yamani criti- power after controversial polls in July-which were ISLAMABAD: In this handout photograph released by tion from Geneva to the Yemeni capital and to secure cized Griffiths for “appeasing” the Houthis by refusing tainted by claims of military meddling and ballot rig- the Press Information Department (PID) yesterday, the evacuation of wounded rebels to Oman. With to lay blame for the failure of the talks squarely on their ging-saw former cricket champion Imran Khan elect- Pakistan Prime Minister Imran Khan (R) witnesses hopes of political conciliation dashed, experts fear shoulders. “The UN, unfortunately, does not have the ed prime minister. while Chief Justice of Pakistan Mian Saqib Nisar (C) both the rebels and Saudi-backed troops will turn to capability to be the equalizer,” said Mitreski. Arif Alvi, a close ally of Khan and one of the takes oath from newly President Arif Alvi (L) at the more violence. founders of Khan’s Pakistan Tehreek-e-Insaf (PTI) Aiwan-e-Sadr. —A FP “We will almost certainly see a military escalation, as Hodeida party, becomes Pakistan’s 13th president, replacing the initial failure of Geneva will deepen the Saudi-led Nearly 10,000 people have been killed since Saudi Mamnoon Hussain. A vote this week saw him elected user, Alvi was shot and wounded during a protest coalition’s conviction that only further losses on the bat- Arabia and its allies intervened on behalf of the govern- by more than a thousand lawmakers from both hous- against military dictator Ayub Khan in Lahore in tlefield will cause the Houthis to compromise,” said ment in 2015, triggering what the UN calls the world’s es of parliament and the four provincial assemblies. 1969. He still has a bullet embedded in his right arm. Graham Griffith, senior analyst at the UAE-based con- worst humanitarian crisis. Griffiths is UN’s third Yemen Khan and his cabinet attended the ceremony led by The election of the PTI marks the end of decades sultancy Control Risks. “However, the military campaign envoy since 2014, when Huthis overran the capital and Chief Justice Saqib Nisar, along with armed forces of rotating leadership between the ousted Pakistan is likely to be hampered by the additional scrutiny the drove Hadi’s government into exile. All previous chiefs and senior Islamabad-based diplomats. Alvi Muslim League-Nawaz (PML-N) and the Pakistan coalition is facing over its conduct in the war,” he added. attempts to resolve the conflict have failed. swore to “bear true faith and allegiance to Pakistan” Peoples Party (PPP), punctuated by periods of army The Saudi-led coalition has drawn heavy internation- The envoy said Saturday he would travel to Muscat and to carry out his duties “in the interest of the sov- rule. But Khan and his cabinet face a myriad of chal- al criticism for the high civilian death toll from its more and Sanaa in the coming days to lay the groundwork for ereignty, integrity, solidarity, well-being and prosper- lenges including a faltering economy, militant extrem- than three-year-old bombing campaign in Yemen. future talks, but hinted he might initially engage in sepa- ity of Pakistan.” ism, water shortages, and a rapidly growing popula- Coalition commanders have admitted a small number of rate discussions with the two sides. He said it was “too A former dentist, Alvi has been a key confidante of tion negating growth in the developing country. mistakes but accuse the rebels of routinely using civil- early to say when the next round of consultations will take Imran Khan on both party and national issues. He Pakistani presidents wielded greater power before ians as human shields. The head of the Houthi rebels, for place”. Complicating things further, fighting has flared served as the PTI’s secretary general for eight years 2008, when President Asif Ali Zardari, the husband of his part, on Saturday issued a message of defiance. “Our again around the vital rebel-held Red Sea port of Hodeida, from 2006, and was elected an MP in the southern assassinated premier Benazir Bhutto, took office and choice is steadfastness and resistance to aggression,” the entry point for some 70 percent of Yemen’s imports megacity of Karachi in 2013, winning re-election in devolved most of his powers to prime minister Yousaf said Abdulmalik Al-Houthi. “We must move on all fronts including food and aid, after a temporary ceasefire was the July vote. A father of four and enthusiastic Twitter Raza Gilani. — AFP to recruit for our defense.” declared by the Saudi-led coalition in June. — AFP Established 1961 7 International Monday, September 10, 2018 Trump not on midterms ballot but his presence looms large
Results will set the tone for the remaining two years of presidency
WASHINGTON: His name will not be on 58 percent said it was “excellent” or “good” system, undermining national security and the ballot, but President Donald Trump will with 38 percent saying it was “not so sparking wars. Larry Sabato, director of the be there in spirit when Americans vote in good.” Unemployment is currently at an 18- Center for Politics at the University of midterm elections in November. And the year low at 3.9 percent while gross domes- Virginia, said that while Democrats are results will set the tone for the remaining tic product grew 4.2 percent in the second “soft favorites” to take the House, fortunes two years of the presidency of the man who quarter. could change. will be on everybody’s mind. Americans will “Unforeseen events could wipe out their vote nationwide on November 6 for the ‘Soft favorites’ prospects before Election Day,” Sabato first time since the New York real estate Despite the bright economic numbers, said. “I don’t expect that to happen, but the tycoon pulled off one of the most stunning the “Grand Old Party” is struggling in large Trump era is tumultuous.” Midterm elec- upsets in US political history. tions are traditionally difficult for the Former president Barack Obama put party in the White House as the Trump front and center in the opening sal- president tries to respond quickly to vo in a series of campaign stops Friday, the often unrealistic demands of the accusing him of “capitalizing” on “fear and What electorate. Two years after Obama’s anger”. “What happened to the Republican election, Democrats suffered a Party?” Obama asked, taking off the gloves happened to bruising midterms defeat amid a bit- after nearly two years of avoiding direct ter debate over health care reform. criticism of his successor. the Republican Only once since Harry Truman was CHARLOTTE: In this file photo taken on August 31, 2018 US President Donald Trump All 435 seats in the House of president has the party in the White speaks during a fundraiser at the Carmel Country Club. — AFP Representatives are up for grabs along Party? House picked up seats in the House with 35 seats in the 100-member Senate during a first term — in 2002, in a and the posts of governor in around 30 United States which was still suffer- in a bid to create a “red wave” of his own. Americans will begin looking to the next states. Republicans currently hold majori- ing the aftermath of the September The president plans to step up cam- big election — the November 3, 2020 pres- ties in both the House and the Senate. part because of the unpopularity of Trump 11, 2001 attacks on New York and paigning in the next few weeks including a idential vote. Democrats are hoping that a “blue wave” himself. The president — whose time in Washington. visit to Texas to support Senator Ted Cruz, Trump, who will be 74-years-old by that will propel them to victory in the House and office has been marked by frequent turmoil once his bitter rival for the Republican time, has already rolled out his campaign the latest polls give them a good chance of — has been hit by an especially bruising ‘Trump, Trump and Trump’ presidential nomination. Trump is well slogan: “Keep America Great.” His doing so. Seizing control for the Senate week, with an anonymous op-ed alleging For many, the midterm vote is being seen aware that a hostile Congress could severe- Democratic challenger has not yet emerged looks less likely. that members of his administration were as a referendum on Trump, whose style and ly limit his ability to get anything done dur- and a fierce battle is expected to see who In a Washington Post/ABC News poll of seeking to frustrate his “worst inclinations” personality sharply divides Americans. “The ing his remaining two years in office. will carry the banner. Trump, for his part, is registered voters, 52 percent said they and head off disaster for the country. top three issues are Trump, Trump, and If Democrats take over the House, they feeling confident. “It looks like they’re favored the Democratic candidate over the That account was corroborated by Trump,” said Sabato. “Since Trump is at 40 could seize upon the various scandals sur- going to have a lot of people lining up,” he Republican candidate in their district. investigative journalist Bob Woodward’s percent or so in the polls, this can’t be good rounding his presidency and tie up his told the Daily Caller. “But so far, and I’m an Thirty-eight percent said they favored the new book, which describes a coalition of news for Republicans.” Trump in recent administration with myriad committee honest guy, I’ll let you know if there’s any- Republican. As for the economy — often a like-minded aides plotting to prevent the weeks has been trying to galvanize his investigations. Whatever the result in the body I see that could be trouble. “But so harbinger for the ruling party’s fortunes — president from destroying the world trade base, holding high-energy campaign rallies congressional midterms, on November 7, far, I’m not seeing it.” —AFP
Fresh Brexit row over Johnson US officials met Venezuela ‘suicide vest’ jibe officers to discuss coup bid LONDON: Britain’s ruling Conservative par- WASHINGTON: Officials from and respect for fundamental human ty was locked in a new row over Brexit yes- President Donald Trump’s administra- rights and freedoms.” The Times, terday after Boris Johnson said the govern- tion met secretly with Venezuelan mil- citing unnamed American officials and ment’s strategy put the country in a “suicide itary officers to discuss plans to oust a former Venezuelan military com- vest”, with Brussels holding the detonator. President Nicolas Maduro but even- mander who took part in the secret The former foreign minister’s remarks ramp tually decided not to help, The New talks, said the coup plans stalled. up his criticism of Prime Minister Theresa York Times reported Saturday. Trump On Twitter, Venezuelan Foreign May’s approach to leaving the European has been harshly critical of Maduro’s Minister Jorge Arreaza denounced Union, amid speculation he is positioning to leftist regime, as Venezuela has spi- “US government intervention plans replace her. raled downward into a grave econom- and support for military plotting Writing in the Mail on Sunday newspaper, ic and humanitarian crisis that has against Venezuela.” “Right there in US Johnson repeated that May’s plan to follow sparked violent protests and prompt- media, new and disgusting evidence is EU rules on trade in goods after Brexit — a ed a wave of emigration into nearby there to see,” he said. After explo- plan over which he quit his job in protest in LONDON: Pro and anti Brexit demonstrators face off outside the Houses of Parliament in countries. sives-laden drones allegedly blew up July — were a “humiliation”. And he con- central London. — AFP A National Security Council near Maduro at an August 4 event in demned her vow to do whatever it takes to spokesman in remarks to AFP, said Caracas — he blamed the US, avoid border checks in Ireland, saying it was that: “US policy preference for a Colombia and his domestic enemies May has rejected this as unacceptable, but for Brexit, adding: “This is the moment to “insanity” and left Britain open to “perpetual peaceful, orderly return to democracy — the State Department condemned the two sides are deadlocked as time runs out back the prime minister.” Some commentators political blackmail”. “We have wrapped a sui- in Venezuela remains unchanged.” the “political violence” but also to agree a divorce deal before Brexit in suggested Johnson’s remarks were intended cide vest around the British constitution — “The United States government hears denounced what it said were the arbi- March next year. Johnson’s inflammatory lan- as a diversion from speculation over his pri- and handed the detonator to (EU Brexit daily the concerns of Venezuelans trary detentions and forced confes- guage drew outrage from colleagues, with vate life, after he announced this week that he negotiator) Michel Barnier,” he wrote. from all walks of life... They share one sions of suspects. US National junior foreign minister Alan Duncan saying it was divorcing his wife of 25 years. “We have given him a jemmy (crowbar) goal: the rebuilding of democracy in Security Advisor John Bolton insisted was “disgusting” to compare May’s view to Yesterday’s newspapers were filled with lurid with which Brussels can choose — at any their homeland,” added spokesman there was “no US government that of a suicide bomber. details about Johnson’s alleged infidelity in time — to crack apart the union between Garrett Marquis. involvement” in the incident. In “I’m sorry, but this is the political end of the past. They were said to be from a dossier Great Britain and Northern Ireland.” The EU “A lasting solution to Venezuela’s August 2017, media reports said Boris Johnson. If it isn’t now, I will make sure compiled by May’s office in 2016, when she has suggested that if no other way was found worsening crisis can only arise follow- Trump asked top advisors about the it is later. #neverfittogovern,” he tweeted. was competing with Johnson for the to avoid physical border checks between ing restoration of governance by potential for a US invasion of Johnson’s successor, Foreign Secretary Conservative leadership. Downing Street Ireland and the British province of Northern democratic practices, the rule of law Venezuela. — AFP Ireland, then the latter should stay aligned Jeremy Hunt, wrote in a rival article in the denied re-releasing the details to discredit with the bloc’s trade rules. Mail that “nobody else has a detailed plan” him now. — AFP
criminal jurisdiction was created for the Hariri suspects Nuremberg trials after World War II. Protestors block Closing arguments are due to run from route of Serbian absent as Tuesday until September 21. ‘Always bitter’ tribunal “It’s problematic, because for the gen- leader on eral public it is always bitter when you can’t put a face to violence,” said Thijs nears climax Bouwknegt, a lawyer specializing in inter- Kosovo trip national criminal law. “A court without THE HAGUE: The Hezbollah defendants MITROVICA: Hundreds of Kosovar defendants risks being a joke.” The assas- are still on the run and have never even sination of Hariri, who was Lebanon’s Albanians blocked access to a village due to spoken to their lawyers, but the special be visited by Serbian President Aleksandar Sunni Muslim prime minister until his res- UN tribunal into the 2005 assassination ignation in October 2004, was a pivotal Vucic Sunday, an AFP journalist said, as a of Lebanese ex-prime minister Rafiq festering row over Kosovo independence moment in the country’s history. Hariri starts its final phase this week. Fingers quickly pointed at Syria after clouds hopes that the war foes can normalize Thirteen years after billionaire Hariri was relations. Demonstrators used vehicles and the bomber detonated a van packed with killed by a huge suicide bomb in Beirut, tons of explosives next to his armored tree trunks to create a barricade on the main the court in a suburb of The Hague will road between Mitrovica, in the north of convoy on the Beirut seafront on hear closing prosecution and defense Valentine’s Day in 2005. The bombing Kosovo, and the village of Banje, a Serbian arguments in the long-running case. enclave some 60 kilometers away. triggered a wave of mass demonstrations Four suspected members of the Shiite that ended with the departure of Syrian “Vucic does not pass” and “Those who MITROVICA: A sign that reads in Cyrilic, “Welcome President” is displayed as Kosovo Serbs militant group Hezbollah are on trial at forces from Lebanon after a 30-year committed genocide against innocent civil- attend a rally during the visit by the Serbian President Aleksandar Vucic in the northern, the Special Tribunal for Lebanon (STL) presence, after which Hariri’s son Saad ians cannot pass” read messages on placards Serb-dominated part of Mitrovica. — AFP over the shock attack, which also killed became premier. But when the tribunal, at the blockade, which according to Serbian 21 other people and injured 226. state television RTS was one of five set up by which was set up in 2009, eventually Hezbollah has refused to turn over the handed down indictments it named four protesters to cut off all road access to Banje. planned talks with Kosovo president Hashim fragile region scarred by war. Vucic is due to four indicted men — Salim Ayyash, Serbia refuses to recognize Kosovo, an Thaci in Brussels under EU auspices fell apart speak at a public event later Sunday in alleged members of Hezbollah, which Hussein Oneissi, Assad Sabra and Hassan although backed by Iran and Syria, is Albanian-majority former southern province at the last minute. Serb-majority Mitrovica. Serbia needs a deal Habib Merhi — for the trial which began that broke away from the then Yugoslav The talks have been stalled for months with Pristina to move forward in EU acces- Lebanese-based. Hezbollah leader Hassan in January 2014. Nasrallah has previously dismissed the republic in a bloody war in 1998-1999 and but started generating attention in recent sion talks, while Kosovo is hoping that But the tribunal is unique in interna- declared independence a decade later. months after Thaci and Vucic signalled an recognition from Belgrade that would unlock tribunal as a US-Israeli plot and vowed tional justice as it can try suspects in none of the defendants will ever be According to RTS, Vucic’s route was openness to the idea of border changes to its path into the United Nations. Kosovo is absentia, as well as for its ability to try blocked by former members of the Kosovo resolve their longstanding differences over recognised by more than 110 countries, but caught. None of them has ever had con- accused perpetrators of an individual tact with their court-appointed defense Liberation Army, the pro-independence guer- Kosovo’s independence. The presidents have outliers include Russia, China and five EU terrorist attack. It is the first time a trial rilla movement that fought Serb armed forces not laid out any detailed plans but the talk countries, including Spain, which does not lawyers. Dov Jacobs, a professor of inter- has happened without the suspects in the national law, said the tribunal risked being in the conflict. The Serbian president is mak- has alarmed critics, who say redrawing the want to set an independence precedent for dock since 1945, when an international ing a two-day visit to Kosovo, just days after map of the Balkans could wreak havoc in a its own regions. — AFP “exclusively symbolic”. — AFP 8 Monday, September 10, 2018 International Far-right tipped to win big as Swedes head to the polls A ‘referendum on the future of the welfare state’ STOCKHOLM: Swedes voted in legislative elections yes- In Rinkeby, a disadvantaged suburb north of Stockholm terday with a far-right surge expected if voters punish tra- home to a strong immigrant population, locals were also ditional parties over their failure to address immigration concerned. concerns. Social Democratic Prime Minister Stefan Lofven “I don’t want SD. So I go see people and ask them if has called the election a “referendum on the future of the they have Swedish citizenship and if they do I tell them welfare state” but the far-right Sweden Democrats (SD) that it’s important to go vote,” Sofie, a Turkish woman in have presented it as vote on immigrants and their integra- her 50s told AFP. Up to 20 percent of the 7.5 million eligi- tion, after Sweden took in almost 400,000 asylum seekers ble voters were undecided in the final days before the since 2012. vote, according to pollsters. In Strangnas, an hour west of Opinion polls suggest SD could garner between 16 and Stockholm, Lofven’s main challenger, Moderates leader Ulf 25 percent of the vote, making it Kristersson, handed out cam- one of the biggest parties and paign leaflets in his hometown rendering it almost impossible to on voting day. He told AFP he predict the make-up of the next was worried about SD. government. The party, with Roots in the “I have tried to prove to roots in the neo-Nazi movement, voters during the election has said the arrival of asylum neo-Nazi campaign that if you really seekers is a threat to Swedish want a change, you have to culture and claimed they put a movement vote ... for our four parties. We strain on the country’s generous are the guarantee to oust the welfare state. As he cast his bal- current government from pow- lot in Stockholm yesterday, er,” he said. Well aware that his Lofven urged Swedes not to Alliance has no chance of win- vote for the “racist party”. ning a majority, he has said Sweden needs “a strong cross- “It’s ... about decency, about a decent democracy. And bloc cooperation to isolate the forces... pushing for the Social Democrats and a Social Democratic-led gov- Sweden to withdraw from international cooperation”. ernment is a guarantee for not letting the Sweden In southern Sweden, an SD stronghold, party leader Democrats extremist party, racist party, get any influence Jimmie Akesson campaigned among throngs of supporters in the government.” The Social Democrats, traditionally the late Saturday as detractors booed him and shouted “No biggest party and who have led a minority government racists on our streets!” “We’re now competing against the MALMO: Women stand in a voting booth at a polling station before voting in the general elections. — AFP with the Greens, have lost support on both the left and the Social Democrats and Moderates to become the biggest right and are tipped to post their lowest score since 1911. party in the country,” he said, dismissing the protesters as be needed to build a majority, or at least a minority that seven other parties have been willing to negotiate with “communists”. won’t be toppled by the opposite side. SD. “They should be taken seriously, they have raised ‘Hostile to foreigners’ The opposition is intent on ousting Lofven, with some serious issues, not just immigration but health care too,” Anna Berglund, a 28-year-old lawyer who voted for Deal with ‘the devil’ Moderates willing to go so far as to put an end to SD’s said 46-year-old Stockholm voter Henrik, a doctor who the small Centre Party at a polling station in Stockholm’s Neither Lofven’s “red-green” bloc nor Kristersson’s pariah status and open negotiations with them. That refused to give his last name. “It’s a problem for democ- upscale Ostermalm neighbourhood, said SD’s mounting opposition centre-right four-party Alliance (Moderates, could prove fatal for the Alliance, with the Liberal and racy if the other party leaders refuse to talk to a party support was “bad news”. “I’m afraid we’re becoming a Centre, Liberals and Christian Democrats) were expected Centre parties repeatedly ruling out a deal with “the that represents the views of so many people,” his wife society that is more hostile to foreigners. I don’t like it.” to win a majority in parliament. Lengthy negotiations will devil”, as Akesson occasionally calls himself. None of the Josefine added. — AFP
after which they would go to a run-off three weeks later. ‘Good people’ back Polls predict Silva would win that hands down. But Bolsonaro’s campaign seems to have been boosted by his Brazil pro-gun stab stabbing. He’s been all over television and the internet, giv- Prominent ing him a huge profile lift. “We’re all behind Bolsonaro,” said Paulo Alberto, 55, one of 210 Calibre 12 members. “Today, victim candidate the criminals are more numerous and better armed that Ugandan security forces,” he added, gun in hand and wearing protec- tive glasses. “I live close to a favela and I’ve been woken up policeman RIO DE JANEIRO: Armando Piccinini’s father was gunned by gunshots. When you leave the house, you don’t know if down outside a bank 16 years ago, but now the 53-year- you’ll come home. “We good citizens demand the right to old is a gun-ownership advocate who says weapons are defend our families and our possessions.” assassinated self-defense necessities in crime-ridden Brazil. “Rio is on At Calibre 12, where there is a smell of gunpowder and the brink of civil war, and it will soon be declared,” said camaraderie, people go to learn sport shooting or to take a businessman Piccinini at the Calibre 12 shooting range in competence course that would earn them the right to carry a KAMPALA: An outspoken and critical Ugandan Niteroi, near Rio. He was with his father the day he died. policeman has been assassinated, a police weapon. A 2003 law in Brazil tightened the regulations over RIO DE JANEIRO: Brazilian businessman Armando Piccinini “Good people will arm themselves to defend their fami- gun ownership, something Bolsonaro wants to revoke. His spokesman said yesterday, in the latest in a lies, their property, and this war will be declared if the prepares to shoot at the ‘Calibre 12’ (Caliber 12) shooting series of murders of senior officers and politi- position has caused a number of scandals, such as in July club in Sao Goncalo. — AFP authorities don’t do something.” Legalizing gun ownership when he appeared in a viral video seemingly showing a cians. Muhammad Kirumira was gunned down has been one of front-running presidential candidate Jair young girl how to imitate a gun with her hands. at the gate of his home along with a female Bolsonaro’s campaign pledges. And it has gained momen- “Kids in Brazil need to view weapons as something said Anjos. “Do I need a statement of necessity to buy a companion in the Kampala suburb of Bulenga tum since the right-wing former army captain was stabbed linked to responsibility and the protection of life,” he told car?” As for guns, it’s “because I want to protect my on Saturday night, said police spokesman during a rally in the southeast on Thursday. O Globo newspaper in justifying his actions. Such state- biggest asset, which is my life!” Anjos agrees that people Emillian Kayima. “If it wasn’t tragic, it would be ironic,” said Rildo Anjos, ments turned Bolsonaro into a target for many of his rival need training to learn how to use a gun but claims the “The Uganda Police Force is greatly con- 52, one of the Calibre 12 instructors. “A pro-gun candidate candidates, but those at Calibre 12 agree with him. 2003 law has done nothing to reduce violent crime. That’s cerned with the assassination of assistant suffering a kitchen knife attack; it just proves that it is man, not the opinion of the “2018 Atlas of Violence” prepared superintendent of police Muhammad Kirumira not guns, that is guilty of violence.” Brazil suffered a ‘Family atmosphere’ by the Institute of Economic Investigation and Brazilian at Bulenga last night,” the spokesman said. “He record 30.3 murders per 100,000 inhabitants in 2016. That was 62,517 murders, 44,475 of those using guns. “My son is here,” said Anderson Lessa, a 46-year-old Forum of Public Security, though. was with a lady whom we have been informed is shopkeeper, pointing to a teenager. “I’ve taught my three It claims that but for the 2003 law, the murder figures not his wife but someone he knew and she too ‘Guns increase violence’ children to drive, swim and shoot. For me, that’s a basic would be worse. Alberto says the 2003 law prevents succumbed to bullet wounds in the hospital right.” Piccinini says: “There’s a family atmosphere here.” “good citizens from the right to legitimate self-defense, where she was rushed for treatment,” said “I don’t think the way to solve the dramatic problem of a country with more than 60,000 murders a year is to distrib- It’s the “only tourist business in Brazil that promotes as guaranteed in the constitution.” “They’ve taken away Kayima. ute guns,” says Marina Silva, the environmentalist presiden- excursions in which you can have your first contact with a our main form of defense. It’s ended up favoring crimi- He said the attackers were reportedly travel- tial candidate currently running second alongside centre- gun.” To buy a weapon in Brazil, you must be at least 25, nals,” he insists. When asked if anyone has ever needed ling on a motorcycle, a tactic used in the killings left nominee Ciro Gomes in polls, behind Bolsonaro. “On the present proof of psychological and technical aptitude, and to use their gun in the streets, the Calibre 12 members of assistant inspector general of police Andrew contrary, this would increase violence.” Silva and Bolsonaro a “statement of necessity,” explaining why you need one. laugh uncomfortably. Then one voice answers: “No one Kaweesi in March, as well as a senior public could finish in the first two places in the October 7 election, “The statement of necessity is the biggest lie in the world,” likes to talk about that.” — AFP prosecutor in 2015 and others. Kirumira had repeatedly told the media and other police offi- cers that he was a target of assassination. He was suspended from his role as district com- to be under opium cultivation — more than triple the mander in January after accusing his colleagues Getting high amount in 2007. Several major seizures of raw opium and in a Facebook post of corruption and working heroin this year in Vietnam couriered by Hmong villagers Plane crash kills 19 with criminal gangs. has renewed scrutiny on the relationship between opium in Laos’ opium and Laos’ most marginalized people. Shortly after he was arrested when heavily “These farmers come from some of the poorest areas of in South Sudan: armed police forced their way into his house as mountains the country, they only have access to low-value crops and he holed up resisting detention in an operation very limited access to markets and technology,” says Regional official that took over five hours. Kirumira was awaiting Erlend Falch of the United Nations Office on Drugs and trial on charges of criminal misconduct and LAOS: In a hut on the top of a fog-licked mountain in Crime (UNODC). “They have no real path out of poverty.” abuse of authority at the time of his death. In northern Laos, Vo Pali is getting high. His poison is opium, To change the game, the UNODC is leading a coffee culti- JUBA: Nineteen people were killed yesterday when a March President Yoweri Museveni fired the a sap extracted from poppies grown illegally by the poor vation program across 10 former opium growing villages small plane crashed into a lake in the centre of South chief of police as well as the country’s security hill tribes in the Communist state’s rugged, inaccessible in Houaphan province, which borders Vietnam. The fertile Sudan, while four survived, a regional official told minister in what was seen as a reaction to uplands. “I smoke three times a day,” the 60-year-old eth- upland soil and cool climate that helps opium flourish is AFP. Regional information minister for the Eastern growing insecurity in the country. nic Hmong villager says in a barely audible rasp of his 30- also good for coffee shrubs. Lakes state Taban Abel Aguek said a plane, carrying In June this year ruling party lawmaker year habit. “It has damaged my life. I have no income. But I The aim is to establish a “luxury” arabica coffee brand 23 people, had crashed in the central town of Yirol as Ibrahim Abiriga was gunned down, alongside get sick without it.” that can reach wealthy markets from the US to Korea and it came into land. “The number of people we have confirmed dead is his brother, also by attackers on motorcycles. The talk tails off as he loads up his first hit of the day. He Japan. “Before we had no other option to growing opium,” 19 people and four people survived,” said Abel, No one has been brought to book for any of the burns a thumb-sized ball of black resin over the stub of a says Mer Su Vua, a Hmong farmer, knee-high coffee candle and carefully pokes it into his bamboo chillum. The shrubs studding the hillsides around him. “But we would adding that two children were among the survivors as killings. In June Museveni ordered that MPs was an Italian citizen. He said the Anglican Bishop of flame rolls over the softened mush as Vo Pali takes four, five only make a small amount of money each year... so we have should receive armoured escorts and snipers to Yirol, Simon Adut, was confirmed among the dead. deep drags. Smoke squirts from his nose, he wheezes and changed to coffee.” The first small commercial crop at his protect them, a decision that divided lawmakers The pilot and co-pilot, a staff member with the the drug takes him. The Hmong have grown and smoked village of Houayyarm is expected at the tail end of this and raised concerns about the cost of such an International Committee of the Red Cross, a Ugandan opium as a medicine — and as recreation — for genera- year. Incomes should rise each year as farmers grow, operation. The president visited the scene of who runs a private clinic in Yirol, a government official tions. But no full drug addiction survey has ever been taken process and sell their crop to the market, cutting out the the murder yesterday, and said the police force and two army officers were also confirmed dead. in Laos and there is virtually no rehab provision. middlemen who have historically controlled the prices of was busy installing cameras around Kampala “The whole town is in shock, the shops are closed, Wedged between five countries, Laos has for decades their produce. “We are trying to build a real commercial and other major towns in a bid to crackdown on some people have taken their relatives for burial. It is played a starring role in the “Golden Triangle” drug trade. cooperative, owned by the farmers,” says Falch. a commercial plane that crashed,” Abel told AFP. insecurity. Its opium became a treasured export in the 1960s and 70s While opium cultivation could eventually make little eco- “We are to stop these pigs by not just relying as heroin hit the streets of America and drug money “When the plane was landing the weather was foggy nomic sense, Laos’ more urgent drug problem is with and this was not a good situation for plane landing.” on old police methods,” Museveni said in a became entwined in the United States’ doomed anti-com- methamphetamine. With ungovernable land borders to statement. He said the government was going to munist fight. Laos was meant to go opium-free after a The UN broadcaster Radio Miraya posted a picture Myanmar, Thailand, Vietnam, China and Cambodia, Laos is on its Twitter account of the twisted wreckage of the re-activate so-called Luweero methods to deal 2006 edict by its Communist leadership outlawed the effectively a free run for the meth barons of Myanmar who with criminals, referring to a local community growing of the cash crop. While the campaign made a big plane submerged in water. Overloading of planes is are sending record amounts of “yaba” and “ice” through common in South Sudan, and this was believed to have led administrative system used when he was a dent, hill tribes kept up cultivation in secret for themselves its unguarded frontiers. Of Laos’ many border entry — and for export, also becoming drug runners for organ- contributed to the crash of a Soviet-era Antonov plane rebel leader in the eighties. Ugandan popstar points, just two have scanners and X-ray machines. And upon takeoff in Juba in 2015 which left 36 people dead. turned politician Robert Kyagulanyi — better ized crime gangs. “People who live in these remote borders the resources of the drug gangs dwarf those of the police are very poor,” Onphiuw Khongviengthong, permanent In 2017, 37 people had a miraculous escape after their known as Bobi Wine — reacted to the news of trying to stop them, says Onphiuw Khongviengthong of plane hit a fire truck on a runway in northwestern Wau Kirumira’s killing from the United States, where secretary of the LCDC — the Laos drug control authority the LCDC. “They use fast, modern vehicles and communi- — told AFP in a rare interview with foreign media. “They before bursting into flames. South Sudan was he is seeking treatment after allegedly being cations that our police do not have.” Laos is working with plunged into civil war in December 2013, when tortured by Ugandan police after his own arrest. don’t have much education or knowledge about our laws, its neighbors to boost crossborder intelligence to fight the so it’s easy to trick them and use them for trafficking.” President Salva Kiir accused his former deputy Riek “Very sadly, that is the country we are living in. drug gangs and there have been successes, including the Machar of planning a coup, leaving tens of thou- No one is safe. Our country is bleeding. This is high-profile takedown of Laos national Xaysana Opium to arabica sands dead and millions displaced. — AFP very painful,” he wrote on Facebook. — AFP Keophimpa — dubbed “Mr X” — jailed for life this year in In 2015 around 5,700 hectares of Laos were estimated Thailand. But the “big fish” remain out of reach. — AFP 9 International Monday, September 10, 2018 No ICBMs, North Korea military parade features floats, flowers 70th anniversary parade without long-range missiles
PYONGYANG: Thousands of North Korean troops fol- Juche Tower, the stone monument to Kim Il Sung’s political lowed by artillery and tanks paraded through Pyongyang philosophy. Finally came the missiles, the traditional climax yesterday as the nuclear-armed country celebrated its of the parades. But the only ones on show were short- 70th birthday, but it refrained from displaying the inter- range battlefield devices, the Kumsong-3 anti-ship cruise continental ballistic missiles that have seen it hit with sanc- missile, and the Pongae-5 surface-to-air weapon. There tions. Instead leader Kim Jong Un showed off his friend- was no sign of the Hwasong-14 and -15 rockets that can ship with China, raising the hand of President Xi Jinping’s reach the mainland United States and changed the strate- envoy as they saluted the crowd together afterwards. gic balance when they were first tested last year. The Democratic People’s Republic of Korea (DPRK), as “It looks like the North Koreans really tried to tone the North is officially known, was proclaimed on down the military nature of this,” said Chad O’Carroll, September 9, 1948, three managing director of Korea Risk years after Moscow and Group. Any display of longer-range Washington divided the missiles would have cast doubt on peninsula between them in North Korea’s commitment to denu- the closing days of the A mainstay of clearisation, he added. Second World War. Such set-piece dates are a main- the political ‘Long live! stay of the North’s political Pyongyang has not publicly stated calendar, and have for calendar a willingness to give up the weapons years been opportunities to it has spent decades developing at demonstrate progress in its huge political and financial cost, but quest for a missile capable it has been on a diplomatic charm of delivering a nuclear war- offensive for months. In April, Kim head to the United States. declared that the North’s nuclear But too militaristic a display this time might have risked program had been successfully completed and “socialist upsetting the recent diplomatic dalliance on the peninsula, economic construction” was the new strategic priority. after Kim’s Singapore meeting with US President Donald In a speech yesterday, ceremonial president Kim Yong PYONGYANG: Korean People’s Army (KPA) soldiers salute as they ride tanks during a military parade and mass rally on Trump in June and his third summit with the South’s Nam lauded the country and its army as “the strongest in Kim Il Sung square. — AFP President Moon Jae-in due in Pyongyang later this month. the world”, but did not mention nuclear weapons. And After a 21-gun salute, dozens of infantry units marched immediately after the parade thousands of citizens rallied seated in a section below the main tribune. Afterwards Kim ed in some way to remind the US of that,” he said. through Kim Il Sung Square, some in night-vision goggles through the square, alongside floats displaying economic and Li saluted the cheering crowd, the North Korean rais- Washington is seeking the “final, fully verified denuclearisa- or wielding rocket-propelled grenade launchers, as the themes and calls for Korean reunification — the peninsula ing his guest’s hand into the air. tion of North Korea”, while Pyongyang has only publicly current leader — the founder’s grandson — looked on has remained split since the 1950-53 Korean War ended in Beijing is its neighbor’s key diplomatic protector and affirmed its commitment to working towards the denucleari- from a rostrum. an armistice rather than a peace treaty. Thousands of trade partner, and after years in the deep freeze over the sation of the Korean peninsula, a euphemism open to inter- Li Zhanshu, one of the seven members of the Chinese accompanying citizens waved bouquets and flags, chanting North’s weapons ambitions ties have warmed rapidly this pretation on both sides. Communist party’s Politburo Standing Committee, the “Long live” to the leader. year, with Kim visiting China three times to meet President The process has become bogged down in recent country’s most powerful body, sat next to him, the two of Xi Jinping. Speculation that Xi might reciprocate for the weeks, with the North demanding a formal declaration that them occasionally exchanging comments. Armored per- Honored guest anniversary did not come to pass — Hu Jintao remains the the Korean War is over, and the South’s Moon caught sonnel carriers, multiple rocket launchers and tanks fol- Diplomatic invitations for the anniversary went out last Chinese president to visit in 2005 — but O’Carroll between his neighbor and his ally. “Apparently Kim Jong lowed, with biplanes flying overhead in a ‘70’ formation. around the world, but the only head of state who attended said Pyongyang appeared to want to promote its friend- Un thought that now was not time to unnecessarily pro- At one point jets trailing red, white and blue smoke — was Mauritanian president Mohamed Ould Abdel Aziz — ship with Beijing. “China is still a very important player and voke Trump,” said Kim Yong-hyun, professor of North the colours of the North Korean flag — roared above the although AFP spotted French actor Gerard Depardieu its presence here with such a high level delegation is intend- Korean studies at Dongguk University in Seoul. — AFP
officials often give conflicting figures for the number of casualties in the immedi- Japan PM visits Three killed in ate aftermath of an attack. Afghan secu- rity forces said earlier they had shot quake-hit dead a man who had been planning to attack on Kabul blow himself up near supporters of Hokkaido as Ahmad Shah Massoud. The Tajik com- commemorations mander led resistance to the Soviet occupation in the 1980s and to the toll rises to 42 KABUL: A suicide bomber on a motor- 1996-2001 Taleban regime. bike blew himself up near a convoy of The attack came as convoys of gun- gunmen commemorating the death wielding men terrorized Kabul as they TOKYO: Japanese Prime Minister Shinzo anniversary of a famed resistance leader commemorated the 17th anniversary of Abe visited the quake-hit northern region of in Kabul yesterday, killing at least three Massoud’s death. Massoud was killed Hokkaido yesterday as officials confirmed people, officials said. There was no two days before the 9/11 attacks in New more deaths, bringing the toll to 42. Abe immediate claim of responsibility for the York and Washington that precipitated toured the city and commercial hub of latest deadly attack in the Afghan capi- the US-led invasion of Afghanistan. Sapporo, where Thursday’s 6.6-magnitude tal that comes days after a double Dozens of cars and pickups carrying men jolt has left houses tilted and roads cracked. bombing at a wrestling club killed at armed with heavy weapons and waving He also visited hard-hit Atsuma, a small rural least 26 people. flags drove around the city, blaring loud town which has seen most of the deaths Kabul police spokesman Hashmat sirens. AFP journalists could hear fre- caused by the quake. Stanikzai said at least three people were quent bursts of gunfire. A cluster of dwellings in the town were killed and 14 wounded in the explosion At least 13 people were wounded by wrecked when a hillside collapsed from the force of the quake, creating deep brown scars that shattered windows and shook near- falling bullets, Majroh told journalists. On ATSUMA: Japanese Prime Minister Shinzo Abe (2nd L) visits the devastated city of in the landscape. After visiting local political by buildings in the Afghan capital. the other side of the country, Taleban Astuma yesterday, after a 6.6-magnitude earthquake hit the northern Japanese island of leaders and residents at shelters, Abe quickly Among the dead was the driver of a car fighters attacked a checkpoint in Obe Hokkaido. — AFP taking part in the commemorations. He district in Herat province, killing nine returned to Tokyo to hold a cabinet meeting veered off the road and into the front of a members of the security forces, provin- where he said the government will release shop when the blast happened, witnesses cial governor spokesman Jailani Farhad 540 million yen ($4.9 million) from a reserve according to local media including national evening, with one person unaccounted for. told AFP. Two of his passengers were said. Five others were wounded in the fund for the disaster. broadcaster NHK and Jiji Press. Chief Abe visited the area as search-and-rescue wounded, they said. overnight attack that ended when gov- “We must create a framework in which Cabinet Secretary Yoshihide Suga separate- operations continue around the clock to pull Health ministry spokesman Waheed ernment-backed reinforcements were the affected municipalities can... take emer- ly told local media that one person remained more bodies. “There is on-and-off rain at Majroh said two people had been killed sent to the scene, Farhad said, adding gency measures and rebuild themselves,” missing, Jiji Press said. Atsuma. The work is continuing to look for the and 10 wounded in the blast. Afghan that 15 insurgents were killed. — AFP Abe said during the cabinet meeting. Abe The Hokkaido government however said missing persons,” a regional disaster manage- also reported that the death toll rose to 42, the death toll stood at 39 as of Sunday ment official told AFP. — AFP 10 Established 1961 Analysis Monday, September 10, 2018
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Both sides dig in as next round of China US and tariffs looms
ith US President Donald Trump gearing up to impose tariffs on $200 billion in WChinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution in sight. The United States is negotiating with Canada this week to try and finalize a deal to modernize the North American Free Trade Agreement, an outcome some in the White House say will allow Washington to turn up the heat on Beijing. “The hope is that this (NAFTA) puts a lot of pres- York where he had studied. Now based in Boca New York, she registered her best Slam run at the sure on the Chinas of the world to help us negotiate Sweat, friends, Raton, Florida, Osaka has dual Japanese-American Australian Open in January where she made the last 16 better reciprocal trade deals,” Kevin Hassett, chair of citizenship. It’s a status that could help explain what and where Halep again proved her downfall. So, it the White House Council of Economic Advisers, told her coach Sascha Bajin describes as her innocence. wasn’t a surprise when her first WTA title came at one Reuters. The world’s two largest economies have bagels: The making When Osaka performs media duties with her own of the non-Slam’s grandest stages, the prestigious already applied tariffs to $50 billion of each other’s national press, she takes questions in Japanese but Indian Wells event. goods. Talks aimed at easing tensions ended last of Osaka replies in English, apologizing for not knowing the Out in the southern Californian desert, she knocked month without major breakthroughs, and appropriate word when she does resort to her mother out Maria Sharapova in the first round, Halep in the Washington appears emboldened by a sell-off in tongue. Despite that she is careful not to be seen as semi-finals before lifting the title with victory over Chinese markets and a weakening economy. n an age of robotic press conferences where play- disrespectful. Daria Kasatkina. In seven matches, she dropped only China is planning two choreographed celebra- ers are staying focused and taking it one match at a one set. The following week, she defeated Williams in tions of free trade - a major import fair in Itime, Naomi Osaka breezes in, confesses to being ‘Super-awesome’ Japan her opening match in Miami. Like Williams, Osaka has November and the 40th anniversary in late fond of sweating, eating 500 bagels a day and having “When you go to Japan, everything is totally awe- enjoyed a sibling rivalry although nowhere near as December of its move toward market reforms. only one friend. It’s all peppered with liberal doses of some and you’re having the time of your life,” she intense and barrier-breaking as Serena and her sister However, Chinese government advisors are tamping ‘likes’, ‘you knows’ and ‘stuff’. And it made her the says. “Every day you go out and you eat good food Venus. Big sister Mari Osaka is also a professional down expectations either occasion will yield meas- breakout star of the 2018 US Open where on Saturday and stuff. “When I go to Japan, I don’t feel like I’m at who this week was playing on the second-tier circuit ures that could defuse tensions. “China seems she became first Japanese to win a Grand Slam title home. I feel like it’s a super-awesome extended vaca- in Switzerland, losing in the quarter-finals of a unable or unwilling to announce major liberaliza- with a 6-2, 6-4 win over childhood idol Serena tion that I don’t want to leave.” Despite being a rela- $60,000 event. tions that could be termed ‘confidence building Williams in a controversial final. tive rookie on tour, Osaka has developed into a big- Victory on Saturday earned Naomi $3,800,000 but measures’ or ‘down payments’ on expected near- “It was always my dream to play Serena in the US stage player. Standing an impressive 1.80m (5ft 11in), she remembers the days when her older sister was the term reforms,” Craig Allen, president of the Open finals,” she said before turning to the American she made her Grand Slam debut at the 2016 Australian best player in the Osaka household. “When I was prac- Washington-based US-China Business Council, said on the trophy podium. “I’m really grateful I was able to Open, coming through qualifying to make the third ticing with my dad, if my sister wasn’t there, I don’t in a letter to members over the weekend. play with you, thank you.” Osaka wasn’t even two round where it took former champion Victoria think I would have made it,” she said. “She beat me 6- “We know that the President has received reports years old when Williams won the first of her six US Azarenka to stop her. 0 until I was 15, and then I don’t know what happened that the Chinese economy is struggling - reports that Opens in 1999. Born on October 16, 1997 in-appropri- Current number one Simona Halep halted her but one day I beat her 6-2. I’m not sure if you call that we believe are overstated - and thus he may believe ately-Osaka, Japan, she was still a year away from progress at the French Open in the third round that a rivalry if someone beats you every day 6-0 for 15 that additional pressure might be effective in the moving to the United States on a permanent basis. year while at the US Open, she gave up a 5-1 lead in years.” After Saturday, there will be no more argu- short-term,” Allen said. Washington is demanding Her Haitian father Leonard met and married her the final set to lose to Madison Keys, the player she ments in the Osaka household as a new star was born Beijing improve market access and intellectual prop- mother Tamaki having decamped to Japan from New beat to make Saturday’s final. Before this year’s trip to on the WTA circuit. — AFP erty protections for US companies, cut industrial subsidies and slash a $375 billion trade gap. The Trump administration is ready to move ahead with a next round of tariffs after a public comment period ends at midnight in Washington on Thursday, but the Libya uneasy truce timing is uncertain, people familiar with the adminis- tration’s plans told Reuters. may not last long The new duties will start to hit consumer prod- ucts directly, including furniture, lighting products, tires, bicycles and car seats for babies. Trump said esidents of Tripoli emerging from their homes to he was not prepared to make a deal with China “that take advantage of a ceasefire between armed they’d like to make.” “We’ll continue to talk to groups noticed one thing straight away. The mili- China,” he said at the White House on Wednesday. R tias had not withdrawn their heavy weapons from “But right now we just can’t make that deal. In the strategic locations in the Libyan capital. A truce bro- meantime, we’re taking in billions of dollars of taxes kered by the United Nations on Tuesday after a week coming in from China, with the potential of billions of violence between local fighters has largely been and billions of dollars more taxes coming in.” observed. The clashes, which left dozens dead, pitted Given the smaller amount of goods China imports four big armed groups in Tripoli against rivals from oth- from the United States on which it could slap duties, er towns. The fighters had joined forces in 2011 to top- Beijing has vowed to hit back with unspecified ple Muammar Gaddafi but since then they have refused “qualitative” and “quantitative” measures, actions to disarm, using their guns to compete for access to perceived within the US business community as public funds. likely to be increased customs and regulatory But even as the ceasefire began, residents and diplo- scrutiny. Beijing appears to be bracing for a long mats braced themselves for more violence. The factions fight. Official Chinese media is asserting that withdrew their pickup trucks mounted with anti-air- Trump’s trade war is aimed at containing China’s craft guns and dismantled checkpoints. But they kept rise, a perception solidifying Beijing’s resolve not to their heavy weapons at key positions such as Matiga buckle under US demands. airport, government ministries and some of the city’s In light of such a US agenda, China should “main- main streets. “It’s good that there is no fighting now but tain strategic determination” and “take care of our the two sides are still in their positions,” said a fright- own matters”, Long Guoqiang, vice president of the ened resident who gave his name only as Mohamed. “I AYN ZARAH, Libya: Photo shows a hole in the ceiling of a house that was hit by a rocket in the southern sub- State Council’s Development Research Center, wrote am afraid clashes will erupt any time.” urb of Ayn Zarah on the outskirts of the Libyan capital Tripoli. — AFP in the People’s Daily. “The Soviet Union was pulled The armed groups have vowed to resume hostilities into an arms race in the Cold War. Japan’s economy if talks to be hosted by UN Special Envoy Ghassan became a bubble in a trade war. These profound les- Salame do not result in a lasting settlement. “We are recharge their batteries.” With no national army or for- more fighters will be brought in with the aim of secur- sons are close at hand,” Long said. While US busi- committed to the ceasefire as long it has not been eign peacekeepers in place, the only short-term fix ing Tripoli. nesses in China do not yet appear to face wide- breached by the other side,” said Ahmad Ben Salim, would be to allow some of the groups from outside However, diplomats fear that General Khalifa Haftar, spread retaliation, some company officials have told spokesman for the Special Deterrence Force, one of the Tripoli to pay their fighters from public funds. who has conquered much of the east with his Libyan Reuters they are bracing for blowback. Some are biggest Tripoli units. “Our force is still in its position ... Turning young men with guns into civil servants has National Army faction and is said to be planning to run shifting supply chains to avoid tariffs. and we are waiting for what will emerge with the been the main policy goal since 2011, but it has not suc- for president, may intervene in Tripoli. “The liberation of ceasefire.” The force’s main opponent, known as the 7th ceeded. As the armed groups became greedier, and Tripoli in accordance with a military plan is an inevitable Waiting game? Brigade, also confirmed to Reuters it would stay in its emptying state coffers to pay them off left little money choice,” Haftar said on Thursday. “The crisis in Tripoli Wu Baiyi, Director of the Institute of American positions. to fix dilapidated hospitals and other infrastructure, must end as soon as possible and we cannot be silent in Studies at the state-run China Academy of Social frustrated youths were driven to join the militias. the current situation.” Haftar has long contemplated Sciences (CASS), downplayed any impact of a new Speech Militias have meanwhile been looking for new sources extending his influence in the west of Libya by linking NAFTA deal on US-China negotiations, saying In a blunt speech at the UN Security Council on of funds. Diplomats said fighters providing security for up with local groups there. Since the outbreak of fight- Trump wants to push structural reform on China, not Wednesday, Salame said groups that violate the cease- ministries are forcing officials to provide letters of ing in Tripoli, pro-Haftar TV channels have supported simply divert the flow of goods in bilateral trade. fire must be held to account and the time for impunity credit intended for imports. These are used to obtain the 7th Brigade, which comes from Tarhouna, south of “We have the patience to wait and we also have the was over. Salame has been trying for a year to pave the foreign currency which can be changed on the black Tripoli. But the Tarhouna forces cooperate with an flexibility to open talks any time.” He said way for national elections. But he gave no details of market at a favorable rate. Islamist commander, Salah Badi, an opponent of the November’s import fair, one of President Xi Jinping’s what he planned to do if the truce was broken. “It was general. Haftar meanwhile has built a reputation for key diplomatic events of the year, had long been encouraging that he overtly states that impunity must Powers fighting people he calls “Islamist terrorists”. Such fragile planned to coincide with his “Belt and Road” global end,” said Tarek Megerisi, a visiting fellow at the After the fall of Gaddafi, Western powers tried to alliances show how difficult it will be for Salame, the infrastructure plan, and to help transition China’s European Council on Foreign Relations. train a Libyan army. But that plan ended in 2014 when sixth UN Libya envoy since 2011, to build on the cease- economy more toward domestic consumption. “However, as always the implementation details are the country split into rival administrations in west and fire. Those who have met him recently say he has been Instead of any grand gestures that would placate absent,” Megerisi said. “How will the monitoring and east. The powers have since switched tactics, allowing frustrated by lack of progress since unveiling a peace Washington but present domestic challenges for punitive measures he mentions work in practice?” A the UN-backed administration in Tripoli to legitimate plan a year ago that would entail a new constitution and quick implementation, Wu said he expects Xi to Western diplomat added: “Salame needs to do some- “super militias”, giving them state funds and titles for a national government. If Salame succeeds it will be a reaffirm “that he has no intention to reverse” on thing bold now but it’s not clear what he could do. If the sake of stability. Salame is now expected to negoti- “coup” for him, a diplomat said, but if not, his standing China’s path of reform and opening. — Reuters nothing happens it will be a break for the militias to ate a broader power sharing agreement under which in Libya will be damaged. — Reuters Established 1961
MONDAY, SEPTEMBER 10, 2018 Business
Dollar rebounds on employment Jack Ma to unveil succession Al-Sayer & Toyota unveils 12report, but tariff worries persist 13 plans today; no retirement 15 all-new Avalon 2019
THESSALONIKI: Greek Prime Minister Alexis Tsipras (center) arrives to give a press conference at the Thessaloniki International Fair (TIF) in Thessaloniki, northern Greece yesterday. —AFP Tsipras vows post-bailout rebirth for Greece Greek PM offers growth handouts after eight years of cuts
THESSALONIKI: Greek Prime Minister Alexis Tsipras Greece is committed to a primary budget surplus-not nearly 100 people died near Athens. Unemployment has fallen below 20 percent for the first vowed to lead his country to a post-bailout “rebirth” after counting debt repayments-of 3.5 percent of GDP through Elections are not scheduled for another year but there is time since 2011, but most Greeks continue to struggle under eight years of cuts, offering millions of euros in handouts and 2022, and 2.2 percent through 2060, with average economic speculation a snap ballot could be held by May. Ahead of heavy taxation and drastically reduced income. promising to cut taxes and raise the minimum wage to bolster growth of three percent a year. Tsipras on Saturday said his Tsipras’ speech, more than 16,000 people demonstrated The preliminary agreement with Macedonia in June, to be economic recovery. administration was “absolutely certain” that the 2019 target against the government’s economic policies and in opposition confirmed by a referendum by Skopje later this month and a “We know we have the strength and the knowledge to can be achieved without the unpopular pension cut. to a controversial planned name deal with neighboring Greek parliamentary vote early in 2019, will see the Balkan envisage, plan and accomplish our country’s rebirth,” Tsipras Once the data is verified for the October budget “we will Macedonia. Riot police fired tear gas at around 100 flare and state renamed North Macedonia. The tiny landlocked coun- said in a broad speech at the Thessaloniki International Fair, explain to our European peers...that this measure is not only stone throwing demonstrators. try had joined the United Nations in 1993 as the Former where economic policy for the coming year is traditionally fiscally unnecessary. It is not structural and impairs growth,” Yugoslav Republic of Macedonia. announced. the PM said. ‘Austerity is not over’ Greece also has a northern province named Macedonia, “Higher wages, labor market regulation and respect for Business tax will also gradually be scaled back from 29 The protesters, many of whom were waving Greek flags, the heart of Alexander the Great’s ancient kingdom, and labor rights...are a prerequisite for growth,” the leftist leader percent to 25 percent by 2022, he said. “It is the least we can were shouting “Greece, Greece, Macedonia” and “traitors”. many Greeks fear the deal will officially enable Skopje to lay said. “The Greek economy is stabilized...we are a normal do to mend wounds, reduce great burdens and create a They also hurled insults at Tsipras and demanded he resign. claim to their cultural heritage. Tsipras on Saturday insisted country now,” he said. growth dynamic in the Greek economy,” Tsipras said, stress- Opposition parties and unions dispute that the end of that Thessaloniki should act as a “cultural bridge, not a With “at least” 3.5 billion euros ($4.1 billion) in fiscal ing that the handouts were “within the framework” agreed Greece’s third bailout last month leaves much cause for cele- fence.” room, Tsipras pledged to cut property and sales tax, boost with creditors. bration. “(Greeks) believe that austerity is not over. All that “Thessaloniki does not deserve misery, intolerance, fear, the income of hundreds of thousands of farmers and middle- The 44-year-old is trying to bounce back from his low- has ended is the obligation of creditors to give the country hatred and discord,” he said as he promised to donate state class Greeks and reconsider a planned 2019 pension cut est ratings since coming to power which have been exac- money... and a tough tutelage remains,” said Yiannis land for a new stadium for PAOK, the city’s most popular agreed with Greece’s creditors earlier this year. erbated by Greece’s worst fire tragedy in July in which Panagopoulos, head of Greece’s leading union GSEE. sports club. —AFP
for them in the premium segment of the market, so there is no “We still believe the smartphone market has some healthy New iPhones aim imperative for them to break that mold,” NPD analyst Stephen growth in the years to come, although finding and competing in Baker said of Apple likely sticking with modest improvements in those markets and segments is increasingly more challenging,” new iPhones this year. said IDC analyst Ryan Reith. for momentum “They gobble up most of the profits. I don’t think they are under any pressure at all.” Watching the watch Technalysis Research chief analyst Bob O’Donnell agreed Apple has sold more than a billion iPhones since the first mod- in sputtering that Apple is fine with holding its niche in the market. “Apple el was unveiled by late co-founder Steve Jobs in 2007. The com- doesn’t have to prove anything, other than that they are willing pany is in the unique situation of controlling the hardware and smartphone market to segment the market more,” he said, while pointing out that the software in its mobile devices, with content for users required to company will likely be “offering a wider array of choices.” go through its App Store that takes a percentage of revenue. SAN FRANCISCO: Apple is set to unveil new iPhones, aiming to Leaks and rumors have it that Apple plans to unveil three gain fresh momentum in the premium segment of a global smart- Premium competition new iPhone models, including an improved version of the flag- phone market showing signs of fatigue. Samsung, the world’s biggest smartphone maker, last month ship X model released a year ago with a $1,000 price tag. Apple In its usual secretive style, Apple has remained mum about unveiled its latest flagship handset, the Galaxy Note 9, and next is also expected to introduce a lower priced iPhone with some X revelations planned for Wednesday’s event at its spaceship cam- month Apple rival Google will hold an event at which it is likely features but a less expensive LCD screen. The event may also pus in Silicon Valley, but the timing fits its pattern of annually to showcase new Android-powered top-end Pixel phones. include Apple Watch internet-connected wrist wear getting its introducing new iPhone models. Speculation includes talk that Google took to making its own smartphones to showcase the first significant redesign since it debuted three years ago. Apple will introduce three new iPhone models, infusing some capabilities of the Android operating system that it makes avail- “I think that in the long run the watch will be a much larger iPad hit a historic milestone last month, becoming the first pri- with features from a premium iPhone X that debuted last year able free of charge to handset makers. Android smartphones business than people give it credit for; where Apple can iterate vate-sector company to surpass $1 trillion in market value. with a $1,000 price tag. have come to dominate the market. Apple’s event comes with the and grow,” Baker said. The landmark was the latest victory for Tim Cook, who faced While the iPhone has made Apple the world’s most valuable global smartphone market largely saturated, without a major “Clearly products on your body have whole different busi- skepticism when he took over as chief executive in 2011 from company worth more than $1 trillion, it has slipped to third place catalyst for sales ahead of a likely rollout of 5G, or fifth genera- ness opportunity than products you carry around, like smart- Jobs just before his death. While Apple watchers wait for the among smartphone makers as Chinese-based Huawei has tion wireless networks, expected in 2019. Research firm IDC phones.” Apple chief executive Tim Cook has touted fitness and company to wow the world with a surprise such as augmented grabbed the number two spot. Still, analysts say Apple has a for- expects worldwide smartphone shipments to decline 0.7 percent health features of the company’s smartwatch, which dominates reality glasses or an Apple car that drives itself, the company has mula that works with a loyal customer base and steady sales. in 2018 to 1.455 billion units, with growth likely to resume as 5G that market. ramped up the amount of money it makes selling online services “There is nothing in their product line-up that isn’t working devices become available. The culture-changing company behind the iPod, iPhone and and digital content to the vast sea of iPhone users. —AFP 12 Business Monday, September 10, 2018
NBK MONEY MARKETS REPORT Dollar rebounds on employment report, but tariff worries persist British economy still under effects of Brexit
KUWAIT: The US dollar was pressured earlier in the week ly taken as a sign of market pessimism and typically pre- as markets awaited the details of Donald Trump’s new tar- cede recessions. iff threat on China. The Trump administration previously announced they were looking to impose another tax on Brexit impact China. This time worth $200 billion of Chinese goods. The In the UK, the British pound had some volatile move- US government has sought public comment on the pro- ment last week due to continuing uncertainties with Brexit. posed list of goods that would be affected by the tariffs. The pound started off with a steep sell-off but recovered The public comment period closed on September 6. China quickly mid-week after a report saying that Germany and responded by saying they would be forced to retaliate in UK made concessions on the Brexit negotiations. However, kind. “If the United States, regardless of opposition, a German government spokesman cleared the air and said adopts any new tariff measures, China will be forced to roll the position on Brexit is unchanged. The pound returned out necessary retaliatory measures,” commerce ministry to the previous week’s level at around 1.2930. spokesman Gao Feng said. In other news, British manufacturers had their weakest The two nations have already placed tariffs on $50 bil- month in over two years and export orders suffered a rare lion on each other’s goods, spooking financial markets as decline in August, a warning that a world economic slow- investors and policy makers worried the bitter trade war down, as well as the approach of Brexit, is weighing on the could derail global growth. country’s factories. The IHS Markit/CIPS UK The US dollar did manage to rebound at the end of the Manufacturing Purchasing Managers’ Index (PMI) fell to week however, after impressive labor data was released. 52.8, its lowest level since July 2016, immediately after the The US economy added 201,000 jobs in August beating Brexit vote, and a lot weaker than a forecast of 53.8. expectations while the unemployment rate remained Foreign demand decreased for the first time since April steady at 3.9 percent. Average hourly wages rose 10 cents 2016, despite the continued relative weakness of the sterling or 0.4 percent over last month taking the year-on-year exchange rate. Some firms linked lower inflows of new work increase to 2.9 percent. The increase in wages marks the from abroad to the recent weaker pace of expansion of the highest growth since April 2009. world economy. IHS Markit director Rob Dobson said, the Treasury yields jumped after the numbers were latest PMI report suggested the sector will likely fail to pro- Finally, Bank of England Governor Mark Carney told Trump turns eye on Japan released and stock futures fell on expectations the data vide any support to the UK economy in the third quarter. MPs last week that he was willing to stay on as governor In Japan, the yen had been slowly appreciating against justified more rate hikes from the Federal Reserve. While With regards to services however, service providers beyond his planned departure date June 2019 in order to the US dollar the past few weeks as markets turned to its market consensus has widely agreed upon a hike in experienced a stronger increase in business activity and “smooth” the Brexit process. “Even though I have already safe haven status. The move might be fueled further if September at 96 percent, the latest figures make the case incoming new work during August. Improving business agreed to extend my time to support a smooth Brexit, I am reports that US President Trump is targeting Japan next for a fourth hike in December more likely. The benchmark conditions helped to underpin a rebound in employment willing to do whatever else I can in order to promote both for unfair trade practices turn out to be true. James 10-year yield rose to 2.930 percent, up from 2.877 percent growth to its fastest for six months. At 54.3 in August, up a smooth Brexit and effective transition at the Bank of Freeman from the Wall Street Journal, said he took a per- on Thursday. from 53.5 in July, the seasonally adjusted index reached its England,” he said. Carney had already extended his time as sonal phone call from the President and has reported that New York Federal Reserve bank President John second highest level since February. Growth of incoming governor once after the British referendum to support the Trump referred to the good relationship with Japan but Williams said that current economic conditions are “as new work picked up only slightly since July, but was still transition. then added “but of course that will end as soon as I tell good as it gets” for the US central bank. Inflation is near softer than the trend since the current phase of expansion However, Carney warned that a no-deal scenario would them how much they have to pay.” With the Brexit nega- the Fed’s 2 percent target, the labor market is at or near began in August 2016. lead to rising prices and falling real incomes. He reiterated tions, global trade war, and ongoing emerging markets cri- full employment, and there is no sense that financial risks, Economists have said that the prospect of leaving the that Britain’s economy would suffer a shock if the country sis dilemma, Trump turning his attention to trade in Japan whether domestic or abroad, are particularly serious. He European Union in March next year without any trade leaves the EU without reaching a deal, saying households would only unnerve market participants further and poten- also specifically dismissed concerns that the narrowing agreement have continued to weigh on sentiment. Business would feel a renewed squeeze on their incomes for a few tially increase risk aversion. gap between long and short-term interest rates could risk expectations for the year ahead sank noticeably lower, years. He also concluded that there were limits to what the an “inversion” of the yield curve if the Fed keeps hiking down across all sectors to one of the lowest levels seen Bank could do to mitigate those effects. The British gov- Kuwait rates. An inverted yield curve is when short-term rates rise since the EU referendum, largely reflecting increased anxi- ernment has yet to confirm if they would keep Governor Kuwaiti dinar at 0.30290 higher than those for long-term securities. They are usual- ety over Brexit negotiations. Carney for the extended term. The USDKWD opened at 0.30290 yesterday morning. Post-crisis bank more than the cost of the home.In The Iceland June 2010, the Supreme Court ruled rules survive that loans indexed against foreign currencies were illegal and that attacks; consumer families bearing households were not required to pay back the share of their mortgage that cost of crash corresponded to forex losses. But this protections at risk was just the beginning of some home REYKJAVIK, Iceland: It’s been 10 years buyers’ woes, with banks launching WASHINGTON: Tougher US bank regulations since Iceland’s economy crashed, but lawsuits against families for defaulting designed to prevent another crippling financial Asthildur Thorsdottir and her husband on payments. meltdown have survived threats to undermine Hafthor Olafsson are still struggling For the large majority of indebted and weaken them-but the consumer protections with crippling debt and an uphill legal homeowners, the authorities found a that were a key feature remain at risk. battle to save their family home. After solution. “Most of the loans were One of the architects of the post-crisis regu- taking out what would end up being a revised downwards, enabling this enor- lations says President Donald Trump’s regula- toxic loan, the parents of two now adult mous weight to be lifted from Icelandic tors have been “wrecking” the agency designed sons have lived under the threat of evic- households,” said Katrin Juliusdottir, the to shield consumers from some of the deceptive tion since 2012. The couple has spent head of the Icelandic Financial Services ADELANTO: In this file photo taken on June 15, 2009 for sale signs line a residential street in practices that helped precipitate the 2008 Association. In order to make this work, Adelanto, California, in the Mojave Desert, about 85 miles (137 km) from Los Angeles, the first countless hours and huge sums fighting financial crisis. Those practices included offer- banks had to cough up around 200 bil- day of a state-wide 90-day moratorium on housing foreclosures. — AFP to keep their house. ing products such as interest-only home loans lion kronur, or about 10 to 15 percent of “I don’t know whether I would have that forced monthly payments to explode in the started all this if I’d known it would take gross domestic product (GDP) at the been from Mick Mulvaney, Trump’s interim he agreed a global crisis was unlikely to result later years, which the borrower could not afford. choice to lead the CFPB, a frequent critic of the from lax consumer protections, “I’m not com- so much from our lives,” says Asthildur, time, and the state around 100 billion Trump has repeatedly pledged to make cut- a 51-year-old grammar teacher. kronur. Household debt, which exceed- agency’s very existence, let alone its aggressive fortable with the idea of millions of Americans ting regulations a central goal of his presidency enforcement, he said. Mulvaney has said the getting ripped off in basic financial services She and her husband bought their ed 120 percent of GDP in 2009, fell to and he has support from Republicans in home 11 years ago, shortly before less than 80 percent in 2017, a govern- bureau “is far too powerful,” and has taken steps because a regulator in Washington doesn’t want Congress who had been working to dilute the to curb that power: he imposed a hiring freeze to do his job.” Iceland’s inflated banking system ment report showed earlier this year. tougher rules on banks. crashed. They wanted more space than and a review of litigation. However, retired Massachusetts legislator New cases have come to a halt since he took Banking rules eased what their two-bedroom apartment on A lost decade Barney Frank, one of the driving forces behind the outskirts of Reykjavik offered them But more than 6,000 homeowners in over, according to reports, and officials have Despite some changes, the main pillars of the the Dodd-Frank banking reform bill, told AFP he law requiring increased scrutiny of banks, espe- and their children, who were then in Iceland lost their homes in foreclosure reversed or weakened scrutiny of auto loans- was satisfied his namesake legislation had sur- cially large banks, survived and should ensure primary school. sales in 2008-2015, according to statis- one of the fastest growing types of debt nation- vived and would continue to flash warning lights the financial system will not be as vulnerable to With prices rising, the couple bit the tics published by parliament. wide-payday lenders, and data to track racial if banks get into risky situations. That will ensure discrimination in home mortgage lending. a crisis, certainly not a crisis created by an bullet in mid-2007 and bought a 165- That doesn’t include those who had the government is not again forced to use tax- “I regret that but that’s not a stability issue,” explosion of opaque financial products at the square-metre (1,775-foot) house in a to sell their homes in order to pay their payer funds to bail out a financial institution. Frank said. And the agency has not been heart of the one a decade ago. residential area of Reykjavik for 55.4 debts, and for whom there are no offi- changed through legislation and could be And the legislation ensures regulators have million kronur (443,000 euros, cial statistics. For Asthildur and Hafthor, Rolling back regulation restored by a future administration. the flexibility to take steps to curb new potential the eviction threat hanging over their $512,000 at today’s exchange rates). Still he remains concerned about what Aaron Klein, an expert on regulations at the threats when they arise. They already have used heads since 2012 for unpaid mortgage They paid part up front, and for the Trump’s regulators are doing to the Consumer Brookings Institution, said, “The biggest change that new authority against some cryptocurrency remaining 30.4 million kronur they took payments remains. Financial Protection Bureau (CFPB), created by to Dodd-Frank has been the change from investment schemes. “It’s true the Trump people out a 40-year mortgage indexed As part of their fight, they are with- Dodd-Frank, because “the right wing hates this Obama-era regulators to Trump-era regulators.” are talking about being less rigorous with the against the stable Swiss franc and holding payment until their monthly notion that the government has to protect peo- “That change dwarfs any legal changes that regulations,” Frank said. But “every one of those Japanese yen. payments are recalculated. ple from the private sector.” have occurred to the act, by orders of magni- rules is going to remain in place,” and if their “This kind of loan was recommended “We will pay what we owe when it’s “It is very clear that well over 95 percent of tude,” he told AFP, noting that Mulvaney, a optimism that the private sector has learned its by everybody. The banks, the realtors, legally calculated,” says Hafthor. that bill in terms of its importance is now rock White House budget official, had “deeply politi- lessons proves to be wrong “all the levers are etc,” explains Hafthor, a 54-year-old But for 10 years, the family has been solid,” Frank said in an interview, referring to the cized” the agency, weakening its role as “an there to stop it long before it reaches crisis.” audio and video equipment salesman. living in uncertainty. “This is one-fifth of reform Congress passed this summer. The only active police force” that guards against miscon- “I feel gratified that our work has held up,” “We did look at the currency rate my life that has gone into this ... This is area where there has been serious damage has duct by financial services providers. And while politically and economically, he said. — AFP some 15 years back and we estimated time that we have not been able to that we could easily manage up to a 30- make any progress in our lives, to plan percent fluctuation,” says Asthildur. for the future, to go on vacations, to But in October 2008, Iceland’s banks make financial plans,” said Asthildur, her were declared insolvent, sending the eyes welling up with tears. EXCHANGE RATES entire economy crashing down. “The biggest sacrifice is the things we could have done with our sons Illegal loans which we haven’t done.” BAHRAIN EXCHANGE COMPANY WLL According to a 2011 report from the Before the crisis, the family used to Icelandic Financial Services go on holiday abroad every two years. CURRENCY BUY SELL America Thai Baht 0.008957 0.009507 Association, around 70,000 The couple acknowledges things could Europe Canadian Dollar 0.225807 0.234807 Icelanders-out of a population of have been even worse. “There are so British Pound 0.386253 0.400153 US Dollars 0.299650 0.304950 Arab 320,000 — had signed these kinds of many other stories that are so horrify- Czech Korune 0.005755 0.015055 US Dollars Mint 0.300150 0.304950 Bahraini Dinar 0.790707 0.807207 Danish Krone 0.043351 0.048351 Egyptian Pound 0.014344 0.020062 loans, with attractive interest rates, to ing to read,” says Hafthor, referring to Asia splurge on a new 4x4, a bigger house or divorces and even suicides triggered by Euro 0. 344083 0.357783 Iranian Riyal 0.000084 0.000085 Bangladesh Taka 0.002992 0.003793 Iraqi Dinar 0.000200 0.000260 even a holiday. the crash. Georgian Lari 0.134689 0.134689 Chinese Yuan 0.042935 0.046435 Hungarian 0.001145 0.001335 Jordanian Dinar 0.424119 0.433119 But between August and November “We still have our family, we’re still Hong Kong Dollar 0.036952 0.039702 Kuwaiti Dinar 1.000000 1.000000 Norwegian Krone 0.032074 0.037274 Indian Rupee 0.003772 0.004544 2008, the value of the krona tumbled by husband and wife, we have relatively Lebanese Pound 0.000156 0.000256 Romanian Leu 0.065055 0.081906 Indonesian Rupiah 0.000016 0.000022 more than 50 percent, sending inflation good health, we have our kids and more Moroccan Dirhams 0.022438 0.046438 Russian ruble 0.004424 0.004424 Japanese Yen 0.002666 0.002846 soaring to 18 percent. Households, or less, we are okay.” But they feel very Omani Riyal 0.782643 0.788323 Slovakia 0.009069 0.019069 Korean Won 0.000260 0.000275 bitter. “Obviously, we are fighting the Qatar Riyal 0.079143 0.084083 whose mortgages were either indexed Swedish Krona 0.029553 0.034553 Malaysian Ringgit 0.070095 0.076095 Nepalese Rupee 0.002626 0.002966 Saudi Riyal 0.079913 0.081213 against inflation or foreign currencies, bank. But basically, we are fighting the Swiss Franc 0.307392 0.318392 saw their monthly payments skyrocket. government,” Hafthor says. “Because Pakistan Rupee 0.001957 0.002727 Syrian Pound 0.001288 0.001508 Tunisian Dinar 0.105200 0.113200 “Our mortgage more than doubled the government at the time passed this Philippine Peso 0.005550 0.005850 Australasia Singapore Dollar 0.215657 0.225657 Turkish Lira 0.041566 0.053066 and the amount we borrowed went up law that (allowed) the bank to behave in Australian Dollar 0.208075 0.220076 Sri Lankan Rupee 0.001520 0.002100 UAE Dirhams 0.081275 0.082975 to 74 million kronur,” Hafthor recalls- this illegal manner.” — AFP New Zealand Dollar 0.192801 0.202301 Taiwan 0.010423 0.010603 Yemeni Riyal 0.000987 0.001067 Established 1961 13 Business Monday, September 10, 2018 Jack Ma to unveil succession plans today; no retirement
New York Times’ story ‘was taken out of context, and factually wrong’
BEIJING: Alibaba co-founder and chairman Jack Ma His own worth has soared along with that of the com- will unveil a succession plan today, the South China pany, which has added cloud computing, films and e- Morning Post reported yesterday, with a company payments to its growing portfolio and was valued at spokesman denying a New York Times report that he $420.8 billion when the stock market closed on Friday. would retire that day. The New York Times’ report surprised many in the The SCMP, which is owned by Alibaba, said China’s global business community because of Ma’s compara- most famous tech billionaire will “unveil a succession tive youth, especially in China where it is not unusual for strategy” today-his 54th birthday-but remain the com- tycoons to remain in place into their eighties. pany’s executive chairman for the foreseeable future. Alibaba did not return requests for comment on The New York Times ran an article on Friday, based Saturday after the story ran. Ma gave up the title of on an interview with Ma, saying the former teacher Alibaba CEO in 2013 but remains a pivotal figure within turned billionaire planned to use his birthday to the company as well as its most recognizable face. announce his retirement as chairman of Alibaba to focus In an interview with Bloomberg TV released on on philanthropy. Friday, Ma hinted at his retirement plans, saying he The paper quoted Ma as saying the decision was “the wanted to follow in the footsteps of Microsoft founder beginning of an era”. But an Alibaba spokesman told the Bill Gates, one of the world’s most prolific philanthro- SCMP that the New York Times’ story “was taken out of pists. “There’s a lot of things I can learn from Bill Gates. I context, and factually wrong”. “An Alibaba spokesman can never be as rich, but one thing I can do better is to said Ma remains the company’s executive chairman and retire earlier,” he said. will provide transition plans over a significant period of The SCMP report ran quotes from Ma himself, but time,” the SCMP wrote. they did not address when exactly he would retire. Ma The paper added that the Monday succession strate- said he met with company executives 10 years ago to gy was part of a plan “for grooming a generation of work out “what Alibaba would do without me”. younger executives to take over the reins” of the com- “Anybody who knows me knows I embrace the pany. Eileen Murphy, a spokesperson for the New York future. This is not about retiring, stepping away, or Times, said the newspaper stood by its story. Ma was backing off. This is a systematic plan,” the paper quoted an English teacher before starting Alibaba in 1999 and Ma as saying. The SCMP said Ma would be in Russia HANGZHOU: South African President Cyril Ramaphosa (Center left) tours the Alibaba corporate headquarters built it into a multibillion-dollar internet colossus, next week for Alibaba business meetings as well as an with Alibaba chairman Jack Ma (Center right) in Hangzhou in China’s eastern Zhejiang province on September becoming one of the world’s richest men and a revered upcoming trip to South Africa and a planned speech at 5, 2018, a day after the conclusion of the Forum On China-Africa Cooperation. — AFP figure in his homeland. the company’s investor day in mid-September. — AFP
Divided America of Trump era challenges Euromoney Kuwait celebrates ad industry 10th annual conference on Sept 25,2018 NEW YORK: Nike’s unexpected move this week to feature Colin Kaepernick in a major KUWAIT: Euromoney is celebrating Behn, Director, Middle East and ad campaign met instant condemnation in its 10th annual Kuwait conference on Africa at Euromoney Conferences. “I some circles, with critics destroying their 25 September 2018, in Kuwait City. look forward to discussing the Nike garb in protest. The conference is officially co-host- opportunities this plan presents and The reaction was hardly surprising follow- ed by the Ministry of Finance, who the role of the financial sector in its ing boycotts of Dick’s Sporting Goods by have supported Euromoney delivery. Euromoney are honored to NRA supporters due to its gun control stance Conference’s work in Kuwait for the have worked with the Ministry of and of Macy’s and other stores over carrying past decade. Finance for the last 10 years on our Ivanka Trump’s now-defunct clothing line. Despite the backlash, Nike’s embrace of civil rights activist Colin Kaepernick was seen as Kuwait’s national development annual event and I believe this will be There is even precedent within Nike’s sector deepening the brand’s appeal. — AFP plan ‘New Kuwait’ sets out the gov- our best yet!”. for customer blowback, with some consumers ernment’s economic vision to 2035. In the past decade, the Euromoney burning their New Balance shoes after a Euromoney will be joined by a cross Kuwait Conference has attracted company executive lauded US President is practically an impossibility today,” Farrell February after the school shooting in Parkland, section of speakers from government, thousands of delegates, hundreds of Donald Trump’s trade policies and Under told AFP. Florida that it would remove assault-style business, economics and finance, to speakers and provided an unrivalled Armor garnering criticism when its chief “That is just a needle that is too difficult to rifles from stores and end all gun sales to con- analyze the financial sector’s platform for thought leadership, net- executive praised Trump. thread,” he added. “You are going to be deal- sumers under 21. Dick’s cited “negative reac- response to the plan and its impact working, and comprehensive global Despite the backlash, Nike’s embrace of ing almost all of the time in some degree of a tions from our customers and vendors” fol- on the economy. and local coverage. civil rights activist Kaepernick was seen as win-lose situation and the lose part of it has lowing the announcement as a reason for a This special anniversary event will Since the late 1970s Euromoney deepening the brand’s appeal to millennials to be part of your strategy as well.” “continuing decline in our hunt business,” begin with a keynote opening has been the world’s leading organiz- and non-white consumers. Many marketing according to a quarterly securities filing. address from Dr Nayef Al-Hajraf, er of high-level financial and invest- experts saw it as a shrewd cost-benefit cal- Hit to sales? But Dick’s executives have also said the Minister of Finance, followed by ment conferences. The highest profile culation in a politically divided, Trump-era Corporations were becoming more socially stance on guns attracted new customers who Sheikh Dr Meshaal Jaber Al-Ahmad delegates meet the highest profile United States. focused prior to Trump, with campaigns may benefit company sales in the long-term. Al-Sabah, Director General of speakers at Euromoney events and Companies are increasingly “willing to lose geared to consumers who care about gay Delta Air Lines also found itself under fire Kuwait Direct Investment Promotion offer business leaders and decision- a few to gain a lot,” said Scott Farrell, leader rights, climate change policies and some oth- from gun rights supporters after it ended a Authority (KDIPA). Shaikha Al- makers the opportunity to exchange of the brand reputation group at Golin, a er causes. But the trend has accelerated since travel discount program for NRA members Bahar, Deputy Group Chief ideas, develop new contacts and par- public relations firm. the November 2016 election of a US presi- following Parkland. Politicians in the Georgia Executive Officer of the National ticipate in informed, impartial and Brands have long tailored images and dent who has unapologetically eschewed the legislature yanked a tax break that could have Bank of Kuwait and Adel Abdul leading-edge discussions. The con- phrases to appeal to core consumer groups, traditional role of national unifier and instead saved Delta about $40 million a year. Wahab Al-Majed, Vice-Chairman of ference business grew out of implicitly ranking some parts of the popula- courted his political base full time. However, in a victory for Delta, Georgia the Kuwait Banking Association will Euromoney, the strategic magazine of tion higher than others. Technology behemoths like Apple and Governor Nathan Deal announced in July he also take part in one-on-one inter- international finance, money and But companies also have a tradition of Microsoft have been outspoken critics espe- would halt collection of the tax. The compa- views in the opening morning. capital markets that has long been seeking the broadest possible audience, a cially of Trump’s immigration policies, fighting ny’s chief executive, Ed Bastian, was also “The Kuwait National regarded by the banking and invest- practice that still governs many brands, even measures that would see “Dreamers”-immi- hailed by Fortune magazine among the Development Plan sets out an ambi- ment community as the leading pub- as others-like Nike-speak out in ways that grants who were brought illegally to the “world’s greatest leaders” for the Parkland tious vision to transform Kuwait into lication in its field. Euromoney had are almost certain to alienate some cus- United States as children-deported. response, in which he said, “Our decision was a leading financial, commercial and held conferences in over 65 countries tomers. “Whereas in the past, marketers Much rockier has been the reception facing not made for economic gain, and our values cultural hub by 2035”, says Victoria worldwide. would always look for win-win situations, that Dick’s Sporting Goods, which announced in are not for sale.” — AFP
Venezuela eases currency controls, Trump calls on Apple to move production from economists China to US skeptical CARACAS: Venezuela on Saturday eased 15- WASHINGTON: US President Donald Trump called yesterday year-old currency controls, decreeing that pri- for Apple to make its products in the US instead of China to avoid vate banks and exchange houses are allowed to suffering the consequences of his trade war with Beijing. sell dollars, but economists are skeptical the Trump has repeatedly called for companies to move produc- measure will improve the dysfunctional and cri- tion to the United States, or to keep it there, while pushing sis-stricken economy. aggressive trade actions aimed at narrowing the US trade deficit, The currency controls, which require busi- which he equates with theft from Americans. “Apple prices may nesses and individuals to buy dollars via the increase because of the massive Tariffs we may be imposing on state, are frequently identified as one of the main China - but there is an easy solution where there would be ZERO drivers of the crisis that includes hyper-inflation tax, and indeed a tax incentive,” Trump tweeted. and product shortages. Economists noted that “Make your products in the United States instead of China. the central bank remains in charge of determining Start building new plants now. Exciting!” the exchange rate. Before Saturday’s measure, But the higher cost of wages in the United States could offset Legislator and economist Jose Guerra said the dollars. The government currently sells dollars for the government had only sold greenbacks the benefits Apple might gain by avoiding tariffs affecting its measure was the furthest the government has around 62 bolivars, while the black market rate is through the central bank although many transac- products manufactured in China. The Trump administration has gone in easing the controls, but that it would around 90. tions routinely took place on the black market. placed punitive tariffs on $50 billion in Chinese goods and threat- depend entirely on how it was implemented. That disparity has in the past made foreign “The exchange controls are being main- ened to tax all Chinese imports to the United States. President Nicolas Maduro during five years in exchange systems unworkable because it creates tained, though they are a bit more flexible,” said US businesses have become increasingly concerned about the office has repeatedly promised to create market- incentives to buy dollars at the preferential rate economist Asdrubal Oliveros of local consultan- tariffs, which are raising prices for manufacturers and could hurt based systems to improve access to hard curren- and quickly resell them at a profit on the black cy Econanalitica, responding to social media the economy. But Trump has been unapologetic, insisting that his cy. Each attempt has fallen apart because the sys- market, meaning the preferential dollars quickly commentary suggesting that the controls had tough tactics will work. — AFP tems were unable to provide steady access to dry up. — Reuters been lifted. 14 Monday, September 10, 2018 Business World unprepared for next financial crisis: Ex-IMF chief Rising populism across the world a direct result of the crisis
PARIS: The world is less well equipped to manage a major to make an example of it in the name of moral hazard. Like I’m not sure it is able to play it today, but the future financial crisis today than it was a decade ago, according everybody else, he considerably underestimated the con- will tell. to Dominique Strauss-Kahn, a former chief of the sequences. Allowing Lehman to go under was a serious Q: Do you believe that Donald Trump’s election is a International Monetary Fund (IMF). mistake. Especially because only a week later they were consequence of the crisis? In an interview with AFP, the now-disgraced Strauss- forced to save the insurer AIG, which was much bigger. A: I believe so. I’m not saying that there was a single Kahn-who ran the fund at the height of the 2008 financial Q: Ten years on, are we better equipped to deal with a reason for Trump’s election, but today’s political situation meltdown-also said rising populism across the world is a crisis of such a magnitude? is not unconnected to the crisis we lived through, both in direct result of the crisis. A: No. We have made some progress, particularly in the the US with Trump and in Europe. Strauss-Kahn resigned as head of the IMF in 2011 after area of banks’ capital adequacy ratios. But that is not Q: Connected how? being accused of attempted rape in New York, although nearly enough. Imagine Deutsche Bank suddenly finding A: One of the consequences of the crisis has been the charges were later dropped. He settled a subsequent itself in difficulty. The eight percent of capital it has at its completely underestimated, in my opinion: the populism civil suit, reportedly with more than $1.5 million. disposal are not going to be enough to solve the problem. that is appearing everywhere is the direct outcome of the Q: When did you become aware that a big crisis was The truth is that we are less well prepared now. crisis and of the way that it was handled after 2011/2012, brewing? Regulations are insufficient. by favoring solutions that were going to increase inequal- A: When I joined the IMF on Nov 1, 2007, it became Q: How so? ities. Quantitative easing (by which central banks inject clear quite quickly that things were not going well. That is A: After 2012-2013 we stopped talking about the need PARIS: Former French Economy Minister and former liquidity into the banking system) was useful and wel- why in January 2008, in Davos, I made a statement that to regulate the economy, for example concerning the size managing director of the International Monetary Fund come. But it is a policy that is basically designed to bail made a bit of noise, asking for a global stimulus package of banks, or concerning rating agencies. We backtracked, (IMF) Dominique Strauss-Kahn, poses during a photo out the financial system, and therefore serves the richest worth two percent of each country’s GDP. In April 2008, which is why I am pessimistic about our preparedness. We session in Paris. — AFP people on the planet. during the IMF’s spring meetings, we released the figure of have a non-thinking attitude towards globalization and When there’s a fire, firemen intervene and there is $1,000 billion that banks needed for their recapitalization. that does not yield positive results. Q: Did the Bush administration grasp the danger of Q: Do we still have international coordination? ing. As a result, the mechanism that was created at water everywhere. But then you need to mop up, which Lehman Brothers going bankrupt? A: Coordination is mostly gone. Nobody plays the G20, which was very helpful because it involved we didn’t do. And because this water flowed into the A: No, and that is why Treasury Secretary Henry that role anymore. Not the IMF and not the EU, and emerging countries, has fallen apart. Ten years ago, pockets of some, and not of everyone, there was a surge Paulson decided not to save Lehman, because he wanted the United States president’s policies are not help- governments accepted leaving that role to the IMF. in inequality. — AFP
of its unique financing options available for customers with golden blanket insurance, a comprehensive maintenance KFH launches a their different capabilities. This will contribute to enhanc- during the contractual period, a Roadside Assistance ing the relationships and the partnership with one the Service on 24 hours basis and an alternative car service. biggest auto agents in the local market and supporting the Further, Al-Eesa pointed out that customers can Al-Tijari announces leasing product cooperation to the interest of KFH customers. enjoy this offer upon visiting KFH New Showroom in Ahed Al-Eesa, the Executive Manager Cars and Shuwaikh or Al-Mulla ACURA Co in Al-Rai and that winner of Al-Najma of Al-Mulla Leasing Products, said that when Al-Mulla ACURA Cars KFH is the only one that provides such type of cars joins the operating leasing program, it constitutes an with the entirely new shape and design on an operat- new prize program Acura Cars important addition due to the fact that the car is considered ing leasing basis to its customers for the first time one of the most important Japanese prestigious cars with and achieving, by doing so, an unprecedented event view to the very high features and potentials it has. Further, in the leasing field and keeping pace with the latest KUWAIT: Commercial Bank of Kuwait announced the KUWAIT: Kuwait Finance House (KFH) has announced a he stated that, through the offer, customers can lease ACU- developments in cars market. Moreover, it reflects winner of the weekly draw as follows:- partnership with Al-Mulla Group concerning a new and RA “RDX MDX “for one or two years at a monthly price that KFH cares for providing its customers with most Weekly draw prize KD 5,000 - Romany Girgis distinct offer for leasing Al-Mulla ACURA cars. This is starting from 189 dinars. brands and models that are suitable for the different Nagy Mikhaiel within an operating lease program offered by KFH as one This is in addition to several advantages including a segments of customers. The draw was conducted in the presence of Ministry of Commerce and Industry representative Abdulaziz Ashkanani. The bank stated that the account prizes this year is featured by the highest cash prize and diversity of prizes throughout the year clarifying that Al-Najma Account will offer weekly prize of KD 5,000 and monthly prize of KD 20,000 and a semi-annual prize of KD 500,000 in addition to the grand prize (the biggest prize in the world) of KD 1,500,000 for which the draw will be held in January 2019. Al-Najma Account can be opened by depositing KD 100, and customer should maintain a minimum amount of KD 500 to be eligible to enter all draws on Al-Najma Account prizes. As for the chances of winning, the more balance a customer main- tains in Al-Najma Account, the more chances the account holder will get to win, where each KD 25 will give the customer one chance to win, the account also offers additional benefits like the ATM card, a credit card against customer’s account and all CBK banking services that customer can enjoy. Now CBK existing customers can open Al-Najma Account through Al-Tijari Online and enter all draws without visiting the Bank’s branch. However, CBK non- customers can submit an account opening application via the Bank’s website where the Bank’ Sales Unit will call them to arrange a visit to the customers to com- plete the account opening formalities. Al-Eesa with officials from KFH and Al-Mulla
lucky 5 winners who received KD 1000 each 50,000 instead of KD 30,000. As for the Warba Bank are: Islam Desouqi Abdulmaqsoud Dar, Hala chances for winning, each customer is eligible to VIVA offers Boubyan Bank Mohammad Saeed, Rawyah Abdullah Ahmad enter the draw against each KD 10. It is note- Al-Fouzan, Rober Armanak Qadharian and worthy, that Warba Bank has recently launched announces 9 Dekheel Ali Mohammad Dekheel. the Al-Sunbula Fixed Deposit, which provides customers 4 months free Al-Sunbula Account is the perfect choice for depositors with high returns of up to 3 percent, winners of all customers who wish to save money and as well as getting monthly chances to win in Al- with postpaid plans achieve steady returns while simultaneously Sunbula Account draws. Al-Sunbula draws have the opportunity to win cash prizes Furthermore, Warba Bank has launched its KUWAIT: VIVA, Kuwait’s fastest-grow- said: “We are glad to invest in our throughout the year. Due to the high traffic on latest Customer Onboarding solution, in line ing and most developed telecom opera- strategic partnership with Boubyan this account, for its offerings of unparalleled with its ambitious five-year strategy that tor, launches an exclusive special offer Bank by offering its customers new KUWAIT: Warba Bank, “the Best investment opportunities, Warba Bank has worked on enables non-Warba Bank customers to request for Boubyan Bank customers, on VIVA innovative products and solutions to Bank” and “Best Corporate Bank” in Kuwait, enhancing Al-Sunbula account to provide cus- opening Al-Sunbula account in an easy elec- Postpaid Voice Plans. meet their aspirations and needs.” held its monthly draws which includes: Al- tomers with more benefits. Such enhancements tronic manner through the Bank’s website with- This offer allows Boubyan Bank Hamad Haji, Senior Manager at Sunbula Account monthly draw and the 32nd include increasing the number of winners and out having to visit any of the Bank’s branches, customers to enjoy 4 months free the Marketing Department in weekly draw for Al-Sunbula Account. The draw the frequency of the draws. Now, on every by following 5 simple steps that might take up to with postpaid plan of 24 months com- Boubyan Bank, commented: “Our announced the 9 lucky winners in the presence Thursday the Bank holds draws for five weekly 5 minutes. New customers will be able to mitment. Customers will also enjoy collaboration with VIVA is a contin- of representatives from the Ministry of winners of KD 1,000 each. In addition, the Bank request opening the account at anytime, any- different unique services and promo- uation of the excellent relations Commerce and Industry and Bank officials. continues its monthly draws held on the first where, and the Bank will receive, process and tions including roaming bundles dur- between the two parties. We aim to The bank proudly announces the lucky 4 Thursday of every month, with cash prizes of pass the new application for approval through ing this period with VIVA. provide Boubyan Bank customers winners of its monthly draw for the month of KD 30,000 divided amongst 4 winners: two whole new and unique electronic system used to Commenting on this offer, with technologically advanced serv- July, Bushra Jassim Khazaal Al-Ameeri and winners getting KD 10,000 each, and two win- implement this service. Warba Staff will then Abdulrazzaq Bader Al-Essa, VIVA’s ices and products offered by VIVA Abdullah Sulaiman Al-Zaid Al-Naser won KD ners getting KD 5,000 each. contact the customer to determine the appro- Corporate Communications Director, that make their lives easier.” 5,000. Mohammad Mansour Hamad Al-Hajri Thus, the new development of Al-Sunbula priate time to visit the branch to get required and Khaled Saleh Ebrahim Al-Shaban won KD account has increased the total number of win- signatures, verify the customer’s identity, deliver 10,000 which is the grand prize. However, the ners to 24, and the total amount of prizes to KD his/her debit card, and activate the account.
WALL STREET WEEK AHEAD Burgan Bank also offers a quar- Burgan Bank terly draw with more chances to related to tariffs, rising interest rates and a strengthening really allowing companies to continue to drive that bot- win higher rewards, offering the Strong US sales US dollar. “The revenue growth more than offsets any of tom line growth, and it will be able to make up for any announces chance to one lucky customer to the concerns we have on the earnings side,” said Sameer bump in the road from higher costs,” Palfrey said. Most win KD 125,000 every three Samana, global equity and technical strategist at Wells Fargo economists polled by Reuters in late August expected months. The Yawmi Account offers could ease profit Investment Institute in St. Louis. “Of course there’s peak economic growth to edge off the recent four-year high winners of daily and quarterly draws, earnings growth. We had tax cuts,” he said. “What we want in the coming quarters but still saw little chance of a wherein the quarterly draw worries into 2019 to see is sustainable earnings growth driven by the top line, recession over the next two years. Yawmi draw requires customers to maintain a which is exactly what we’re seeing right now.” The tax cut package, the biggest overhaul of the US minimum amount of KD 500 in The revenue gains are being driven by strong tax code in more than 30 years, resulted in a surge in NEW YORK: A healthy outlook for US revenue growth KUWAIT: Burgan Bank, the sec- their account for two months demand from economic growth, with gross domestic profit growth, creating a peak later in the earnings cycle prior to the draw date. stands to soothe stock investors worried about the ond largest in terms of assets, product rising at a 4.2 percent annualized rate in the than typically, strategists said. Analysts have forecast Additionally, every KD 10 in the effect on corporate profits from tax cuts wearing off announced today the names of second quarter, the fastest in nearly four years. S&P 500 earnings growth of 23.3 percent for 2018 - the account will entitle customers to next year. S&P 500 revenue growth, which hit 9.5 per- At least part of the boost to revenue is coming from highest annual growth since 2010 - and 10.2 percent for the daily draw winners of its Yawmi account draw, each taking one chance of winning. If the cent in the second quarter, its fastest pace since 2011, is the robust US labor market, while capital spending is 2019, based on Thomson Reuters data. Earnings grew an home a cash-prize of KD 5,000. account balance is KD 500 and estimated at 8.2 percent for 2018, according to also helping, said Bucky Hellwig, senior vice president estimated 24.9 percent in the second quarter from a year above, the account holder will Thomson Reuters data. The lucky winners are: at BB&T Wealth Management in Birmingham, Alabama. ago, and analysts expect growth of 22.3 percent for the 1. Aziza Reyad Hussein be qualified for both the quar- While that growth is expected to slow to 5 percent Data on Friday showed US wages in August notched third quarter, based on Thomson Reuters data. Results terly and daily draws. next year, it is still at the high end of the historical aver- Kankroliwala their largest annual increase in nine years, suggesting can continue to increase even after growth peaks, 2. Hassan Mahmoud Burgan Bank encourages age. The falloff is not as steep as what is expected for consumer spending will remain strong. strategists said. For example, S&P 500 earnings growth Abdulhosein Gholoum everyone to open a Yawmi earnings growth, which received a big boost this year Rising wages are likely to become a bigger risk to peaked in the fourth quarter of 2003, yet remained in the 3. Tamam Abdullatif Chaar account and/or increase their from the Tax Cuts and Jobs Act that slashed the corpo- earnings at some point, but that might not happen until double-digit range for at least three years after that, 4. Dhari Subhi Hameed Ismaeil deposit to maximize their chances rate income tax rate. That could ease some investors’ 2020, said Patrick Palfrey, vice president and equity while revenue stayed well above trend in that period, 5. Saleh Ahmed Abass of becoming a winner. The higher concerns about profit growth, which is hitting its peak for strategist at Credit Suisse Securities in New York. said Nick Raich, CEO of The Earnings Scout, an inde- Almazien the level of the deposit, the higher the cycle this year, while risks are increasing from costs “Right now the earnings story is a revenue story. It is pendent research firm. — Reuters In addition to the daily draw, the likelihood to win. Established 1961 15
Monday, September 10, 2018 Business Al-Sayer & Toyota unveils all-new Avalon 2019 Toyota’s flagship sedan raises a pulse even when standing still
KUWAIT: Delivering on its promise to introduce class- people around the world for its ride quality, comfortable leading vehicles that meet and exceed customer expecta- and roomy interior space, as well as its high level of Quality, tions, Mohamed Naser Al-Sayer & Sons and Toyota have Durability, and Reliability (QDR). The car has established a unveiled the all-new 2019 Avalon midsize premium sedan in strong presence in the premium mid-size sedan segment - the Middle East. Delivering an authentic driving experience both in the Middle East and globally - with total sales sur- that harmonizes with its stunning design and elegant luxury, passing 1.5 million units. the fifth generation of the brand’s flagship vehicle is set to A host of progressive design elements cocoons Avalon’s redefine its class. long, low-slung TNGA musculature. Its expressive looks The launch press conference which was held at Al-Sayer diligently reflect the mixture of all-encompassing, perform- Ardiya Ballroom was attended by Faisal Bader Al-Sayer ance-focused personality, the invigorating driver experi- Chairman, Mohamed Naser Al-Sayer Board Member, Johan ence, and a premium, spacious image. A design philosophy Heislitz Senior Business Director, Scott McNicol General of ‘Technical Beauty’ permeates through the Avalon’s body Manager Toyota Sales, Delegation from Toyota Motor lines and cabin landscapes. ‘Technical,’ which aligns with Corporation including Randy Stephens Chief Engineer of Authenticity, represents purpose and performance - the All New Avalon, Kei Fujita Group Manager MECAD, Yugo tangible elements of the sedan’s style. ‘Beauty,’ which aligns Miyamoto Chief Representative with Exhilaration, represents and Toko Okochi from Middle onlookers’ emotional reaction to East and North Africa Avalon’s stretched lines and Representative Office in Dubai sleek silhouette. along with distinguished mem- Ensuring inspired bers of the press and media. ‘Under Priority’ According to Mohamed performance Donning a cutting-edge Naser Al-Sayer “Since its intro- and admired design, the all-new Avalon duction 25 years ago, Avalon expresses its distinguishable has earned remarkable reputa- confidence personality, while embodying tion as trademark in large Toyota’s next-generation ‘Under sedans. Thanks to our loyal cus- Priority’ brand identity - a emphasizes handling with tauter, highly responsive footing tomers. Toyota continues to set direction that prioritizes aerody- without diminishing Avalon’s celebrated ride suppleness. the trend with the introduction namic efficiency, cooling, and Complementing the all-new Avalon’s daring looks is a of a diverse range of new and exciting models tailored to pedestrian protection. Stunning all-LED slim projector thrilling drive personality imbued by a new 3.5-liter V6 ADMIRED CONFIDENCE customers interest, to continue strong market shares”. headlights speak to its sportiness and elegance. They com- engine, which produces a maximum output of 298 hp and Underpinned by a Toyota New Global Architecture plement the front end’s design, highlighting the aluminum 356 Nm of torque and is equipped with the latest Direct Luxurious and dynamic all-new (TNGA) platform and powered and enhanced by a new hood’s longitudinal lines and lightweight build; the wide, Injection 4-Stroke Gasoline Engine Superior Version (D- fuel-efficient 3.5-liter V6 engine and a host of comfort and modern grilles built for air-slicing sleekness; tangential vents 4S) and Variable Valve Timing-intelligent Wide (VVT-iW) 2019 Toyota Avalon heralds a new, safety features that are complimented by Toyota Safety at its lower portion crafted for the effective direction of systems to achieve top-notch power performance, environ- Sense, the 2019 Toyota Avalon embodies consumers’ over- passing air across the front tires and along the Avalon’s mental performance, and fuel efficiency. The VVT-iW sys- refined driving experience arching desire for high-caliber, design-centric, and techno- muscular sides and the door handles that coincide with its tem helps the car to ensure high torque in all engine speed l Stylish exterior makes a power- logically-savvy modes of attainable and premium trans- portation. ful statement on the fifth gener- “Toyota is focused to make ever better cars; earlier this year we unveiled iconic new generation Camry, the all new ation Avalon’s distinguishable Avalon is the latest in the line-up. Our research is saying personality that Avalon has the highest preferential score among cus- tomers. They appreciate its durability, exceptional comfort, l Emotional and sensual perform- attractive design etc” commented Scott McNicol. “Throughout development, we focused on the all-new ance of the mid-size premium Avalon being authentic and exhilarating,” said Randy sedan Stephens, chief engineer of the 2019 Toyota Avalon. “One of the key components in getting there was the new plat- l 8-speed automatic transmission form and suspension. These underpinnings allow us to pro- l vide an unequaled foundation to deliver the performance Advanced 14-speaker JBL sur- that matches the styling and the technology while offering round sound system a fine blend of luxury and sportiness in the premium mid- size sedan segment.” l Innovative features and systems
Innovation to enhance passenger safety “We really focused on bringing as much innovation to Avalon as possible. On many different fronts - from ride, to handling, to technology, to safety and more - this new gen- profile’s bold character line. Simple horizontal character ranges and enable the Atkinson cycle to be used. The an advanced safety technology package that includes Pre- eration really does take the brand to the next level. It offers lines slice across the backside, at the top, center, and lower engine is also mated to an all-new eight-speed automatic Collision System (PCS), Dynamic Radar Cruise Control luxury. Now, more than ever, it has sporty performance. But portions. The all-new Avalon’s width, in effect, is highlighted transmission that merges smooth, precise gear selection (DRCC), Lane Departure Alert (LDA), and Automatic High mostly, it delivers an authentic driving experience. We can- substantially by this distinct sectioning. Connected LED tail throughout the RPM range with an alacrity for fuel effi- Beam (AHB). In addition, the car features a comprehensive not wait to put it in the hands of our customers,” added lamps shaped in a three-dimensional, ‘aero fin’ style differ- ciency and on-demand power. Its revised logic control bet- array of safety features to protect its occupants, such as 10 Stephens. Yugo Miyamoto, Chief Representative, Middle entiate the landscape from the current iteration. They inte- ter matches with vehicle speed, engine speed, and torque SRS airbags, Vehicle Stability Control (VSC), Anti-lock East and North Africa Representative Office, Toyota Motor grate backup, stop, and turn lights into a single harmonious, engagement, and facilitates poised downshifts. Braking System (ABS), Electronic Brakeforce Distribution Corporation, said: “We are excited to launch the all-new fluid form. (EBD), Brake Assist (BA), Electric Parking Brake (EPB) with Avalon in the region, presenting our customers with an Adding to its many class-leading features, the 2019 Stylish design Brake Hold function, Blind Spot Monitor (BSM), Rear Cross- attainable premium mid-size sedan that features a daring Avalon draws upon Toyota’s New Global Architecture Striking a smooth connection between a stylish design, Traffic Alert (RCTA), and Hill-start Assist Control (HAC), design paired with a highly spacious, comfortable interior (TNGA) platform, which represents an entirely new strate- exquisite luxury, and greater convenience and comfort, the among many others. experience with an abundance of outstanding advanced gy to the way the company designs, engineers, and pack- all-new Avalon’s cabin is accentuated with a range of Available in eight distinctive exterior colors, the all-new features.” ages its vehicles, providing a comfortable and stable ride advanced features, including an enhanced in-vehicle 9-inch Avalon allows customers to express their individuality. Two Miyamoto added: “The vehicle tops its segment with its with superior handling characteristics. While retaining multimedia display, a 10-inch colored and adjustable head- newly-developed colors, Slate Gray and Blackish Brown, dynamic performance, comprehensive safety features and Toyota’s traditional values of superlative build quality and up display (HUD), wireless charging system for smart- further express a premium feel with a sporty atmosphere. engineering excellence - reflecting the aspirations of con- safety, the unique platform injects a fun driving experience phones, ambient illumination, dual-zone automatic air con- On the other hand, the interior comes in a total of three sumers in the region. We would like to extend our gratitude that plays on all the senses. In addition, the new multi-link ditioning system, 14-speaker JBL surround sound system, color schemes and with the choice of wood or hydrograph- to our valued customers for their continued support and rear suspension allows for the enhancement of many per- multi-adjustable power and ventilated front seats, as well as ic ornamentation depending on the grade. Furthermore, the inspiration, which continue to motivate us to develop ever- formance attributes, such as a wider rear track, lower cen- 60:40 split folding rear seats. 2019 Avalon has been rearmed with a newly-developed 17- better cars that exceed their expectations.” ter of gravity, and an aggressive stance. Drivers can also As with any other Toyota model, safety remains a top inch alloy wheel. An 18-inch alloy wheel, finished in bright Since its debut in 1994 and subsequent evolution over adjust Avalon’s ride feel with the simple depression of a priority for the 2019 Avalon. The all-new vehicle’s foolproof super chrome paint pursuing both a large impression and a four generations, the Avalon has come to be embraced by button - Normal mode prioritizes comfort, while Sport safety system is complemented with Toyota Safety Sense, high-class feeling, has also been made available. 16 Monday, September 10, 2018
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