THULHIJJA 23, 1439 AH MONDAY, SEPTEMBER 3, 2018
Max 45º 32 Pages Min 28º 150 Fils Established 1961
ISSUE NO: 17622 The First Daily in the Arabian Gulf www.kuwaittimes.net
Kuwait’s Health Minister Migrant crisis continues Iraqi amputees take the Mobot, Olympic dreams 47sets prices of medicines to haunt European Union 24 plunge to forget horrors 28 as Asian Games ends
MPs up in arms over death of 2 cadets at military academy Top military officers suspended; Reports show cadets died of dehydration
By B Izzak
KUWAIT: Lawmakers yesterday expressed outrage at Amir to meet Trump what they described a “murder” of two cadets at the military academy during training and called for strict CAIRO: Kuwait’s ruler will travel to Washington today punishments to those who were directly responsible. and hold talks with US President Donald Trump, the Opposition Islamist MP Mohammad Hayef said that two state news agency KUNA announced yesterday. It was cadets were “killed” in what he described as a “mas- not immediately clear what the leaders would discuss, sacre” at the academy when they were forced to stand but HH Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has under the scorching heat of the sun for hours while car- led mediation efforts to resolve a year-long dispute rying heavy weights during training. between Gulf Arab neighbors after Saudi Arabia, the He said several other cadets were suffering of injuries United Arab Emirates, Bahrain and Egypt cut diplomat- and one of them in a grave condition as the senior officers ic, trade and transport ties with Qatar. also refused to give them any water. Hayef said provisional The four countries accuse Doha of supporting ter- medical reports have shown that the two cadets had died rorism and cosying up to regional foe Iran. Doha of dehydration and malfunction of vital organs. Defense denies those charges. US President Donald Trump Minister Sheikh Nasser Sabah Al-Ahmad Al-Sabah cut publicly sided with the Saudis and Emiratis early on short his treatment from cancer in Britain and returned to in the crisis but then began pushing for a resolution the country to lead investigations into the issue. to restore Gulf unity and maintain a united front Sheikh Nasser ordered the formation of a committee against Iran. from outside the ministry to probe the causes of the Reuters reported in July that the administration was quietly pushing ahead with a bid to create a new security death of the two students and the injury of several oth- and political alliance with six Gulf Arab states, Egypt and ers. The minister yesterday ordered the suspension of all Jordan, in part to counter Iranís expansion in the region, officials linked to the incident and training while the citing US and Arab officials. The administrationís hope is chief of staff General Mohammad Al-Khadher ordered that the effort, tentatively known as the Middle East major changes to training programs at the academy. Strategic Alliance, might be discussed at a summit provi- DAMASCUS: Children return from school at the Jaramana Palestinian refugee camp in the Syrian capital Damascus. But MP Hayef said that the suspension of the officers sionally scheduled for Washington on Oct 12-13, the The UN agency for Palestinian refugees (UNRWA) has been a lifeline for millions of Palestinians since it was set up is not sufficient and they deserve to be sent to jail until sources said, though the Qatar rift could present a big nearly 70 years ago. — AFP (See Page 24) the results of the investigations are published. He called obstacle.— Reuters on the relatives of the deceased and those injured to file Continued on Page 24
Life upended Iran boosts for those left its defenses DUBAI: Iranian Supreme Leader Ayatollah Ali off Indian Khamenei said yesterday war was unlikely but called on Iran’s armed forces to boost their defense capacities, citizenship list according to his official website, as the country faces increased tension with the United States. On Saturday, GUWAHATI: Nimai Hajong remembers almost nothing of Iran announced plans to boost its ballistic and cruise the hills of eastern Bangladesh where he was born more missile capacity and acquire modern fighter planes and than half a century ago, having fled as a small child to submarines to boost its defenses following the US pull- India where he has lived as a refugee ever since. The 58- out from Tehran’s nuclear agreement with world powers. year-old has been declared a foreigner - one of four mil- GUWAHATI, India: Nimai Hajong and his wife Sinibala Hajong “Ayatollah Khamenei emphasized that based on polit- lion people effectively stripped of citizenship by the gov- sit in front of their house in Bamunigaon village in Assam’s ical calculations there is no likelihood of a military war ernment of the northeastern state of Assam. Kamrup district. — AFP but added that the armed forces must be vigilant ... and Iran’s supreme leader Ayatollah Ali Khamenei Their names have been left off a draft list of citizens raise their personnel and equipment capacities,” the published late July that rights groups say threatens to ren- India’s Hindu majority at the expense of minorities. India website quoted Khamenei as telling commanders of arsenal and its role in wars in Syria and Yemen. Iranian der millions stateless if they cannot prove they are Indian. will hold a national election next year. Many of those left Iran’s air defense forces. “The Supreme Leader said ...the President Hassan Rouhani said last month the Islamic The controversial registry includes only those able to off the list are Muslims, but those of other minorities and air defense units were a very sensitive part of the armed Republic’s military prowess was what deterred show they were in Assam before 1971, when millions fled faiths - including Hindus - have also missed out. forces and on the front line of confronting the enemy, Washington from attacking it. Separately, a senior Iranian to the state to escape Bangladesh’s war of independence, Assam, where one third of the population is Muslim, and emphasized the need to increase their readiness and diplomat met visiting UK Junior Foreign Minister Alistair and their descendants. has for decades been wracked by tensions over migrants capabilities,” the website said in its report on the gather- Burt and urged swift European action on a planned However, many whose families arrived before 1971 say and is the only Indian state to compile such a register. Just ing, which was held to mark Iran’s Air Defense Day. package of economic measures to offset the U.S. pullout authorities have rejected their papers and left them off the over four million of the total Assam population of more Saturday’s news of the military development plans from the accord and the reimpositions of sanctions by list. Critics say it is the latest move by the right-wing gov- than 30 million people who applied to be on the list were came a day after Iran dismissed a French call for negotia- Washington, the state news agency IRNA reported. ernment of Prime Minister Narendra Modi to bolster Continued on Page 24 tions on Tehran’s future nuclear plans, its ballistic missile Continued on Page 24
Duterte eyes arms US to cancel deals on Israel trip Pakistan aid WASHINGTON: The US military plans to cancel $300 MANILA: Philippine President Rodrigo Duterte million in aid to Pakistan due to Islamabad’s lack of yesterday left for a visit to Israel and Jordan, pursu- “decisive actions” in support of American strategy in ing a pivot away from his nation’s long-time reliance the region, the Pentagon said yesterday. The US has on American military hardware and support. The been pushing Pakistan to crack down on militant safe four-day visit to Israel will be the first by a havens in the country, and announced a freeze on aid at Philippine leader in more than 60 years of diplo- the beginning of the year that an official said could be matic ties between the two nations, even though the worth almost $2 billion. links between their people go back to Manila’s shel- The Defense Department has sought to cut aid by tering of Jews during the Holocaust. $300 million “due to a lack of Pakistani decisive actions Duterte’s visit has generated much attention, in support of the South Asia Strategy,” Lieutenant powered both by his penchant for foul-mouthed Colonel Kone Faulkner said in an email to AFP. “We statements - including likening himself to Hitler - continue to press Pakistan to indiscriminately target all and his internationally condemned drug crackdown terrorist groups,” Faulkner said, adding that the latest that has killed thousands. Duterte, accompanied by aid cut request was pending Congressional approval. an entourage including soldiers and police, will sit The announcement came days before US Secretary of down with Prime Minister Benjamin Netanyahu and State Mike Pompeo is scheduled to visit Islamabad to hold an event with some of the thousands of Filipino meet new Prime Minister Imran Khan. migrant workers in Israel. Pakistan has fought fierce campaigns against home- “We assign great importance to this visit, which grown militant groups, and says it has lost thousands of LAHORE: Pakistani demonstrators take part in a protest against US aid cuts in Lahore. —AFP symbolizes the strong, warm ties between our two lives and spent billions of dollars in its long war on peoples,” Israel’s foreign ministry said in a state- extremism. But US officials accuse Islamabad of ignor- It also believes that a Pakistani crackdown could be angered Pakistani officials. “The United States has ment. Duterte has pivoted the Philippines away ing or even collaborating with groups, which attack pivotal in deciding the outcome of the long-running foolishly given Pakistan more than 33 billion dollars in from its former colonial master the United States Afghanistan from safe havens along the border between war in Afghanistan. ‘No more!’US frustration has boiled aid over the last 15 years, and they have given us noth- and towards warmer diplomatic and business ties the two countries. The White House believes that over before: President Donald Trump’s predecessor ing but lies & deceit, thinking of our leaders as fools,” with China and Russia. The US and Canada have Pakistan’s Inter-Services Intelligence agency and other Barack Obama authorized drone strikes on Pakistani Trump wrote on Twitter at the beginning of the year. both seen military hardware deals fall apart with military bodies have long helped fund and arm the safe havens and sent US commandos to kill jihadist “They give safe haven to the terrorists we hunt in Continued on Page 24 Taleban for ideological reasons, but also to counter ris- kingpin Osama bin Laden in his Abbottabad hideout. Afghanistan, with little help. ing Indian influence in Afghanistan. But Trump’s aggressive language has especially Continued on Page 24 Established 1961 2 T L o c a l Monday, September 3, 2018 Kuwaiti economist explains how Kuwait can benefit from Saudi’s vision in new book
Foreign investors seek trustworthy markets governed by modern laws: Salloum
By Faten Omar 2018, exactly a year after publishing ‘The more than 150 years ago? tistics on people’s consumption of elastic vs Currency of Mount Serenity’. ‘Kingdom of inelastic and mandatory vs secondary prod- KUWAIT: Kuwait Times spoke with the Vision’ was ranked as a bestseller on KT: E-commerce seems like a case ucts and services. Income tax is to be con- Abdullah Al-Salloum, a Kuwaiti economist Amazon (Arabic books category), Jamalon where there is a lot of potential for sidered after VAT if statistics show a high and author. Recently, he published his book (the Middle East’s largest online book retail- progress. What do you think? rate of capital flight or rate of consumption ‘Kingdom of the Vision’, which was a best- er) and Jarir Reader (the Middle East’s Salloum: It is a bit complicated, and in abroad. In terms of politics, by default, the seller on both Amazon’s Arabic books and largest ebook store). fact differs from sector to sector. public does not like taxes. MPs - even if they Jamalon, the Middle East’s largest online I am very optimistic that the strategy of Entrepreneurs who are targeting local cash- believe it is of the public’s interest - will not book retailer. Vision 2030 will be able to somehow flow have proven themselves in terms of e- tend to lose their public favor over such a achieve the majority of the set goals, thus commerce modeling, operating and financ- decision. Therefore, introducing such an Kuwait Times: Tell us a little about creating a more modernized and sustainable ing. They are doing a great job in terms of approach requires raising the public aware- yourself. economy within the next decade. ideas, research and development and imple- ness in this matter. Salloum: I am a 37-year-old Kuwaiti mentation as long as they are within the economist, entrepreneur, investor and author KT: Why did you choose to focus on the startup-to-small-business area. However, KT: Are you optimistic or pessimistic in the fields of economics and information economy of Saudi Arabia in your book? due to the absence of real business incuba- about Kuwait’s economic future? What technology. I hold a master’s degree in Salloum: Many believe I should be tors and modern legislations, growing is very are your economic expectations? Business Administration and a bachelor’s focusing on Kuwait’s economy. Kuwait is a hard for them. Facebook, Twitter, and Salloum: Very pessimistic as long as degree in Computer Science. As part of rentier state that depends mostly on oil Snapchat were very small projects that could there is no political reform. I believe the social responsibility, during the past five exports. However, sooner or later, Kuwait’s easily attract investments that knew the path economy of Kuwait will approach the ‘no- Abdullah Al-Salloum years I have been extensively active on government has to consider sustainability in of profitable listing. This path cannot be eas- return’ point if it continues as is for the next social media channels, publishing field-relat- terms of the economy. This will not happen ily found in Kuwait. 10 years. The current active generation is still executed. The government then gathered ed content. I have been speaking at confer- unless the increase in our GDP becomes Those entrepreneurs will face a very dif- able to drag the economy, making it sustain- the goals of those projects and made up its ences and seminars, giving educational very dependent on the increase to export ficult challenge once Kuwait moves towards able. Younger generations, who have suf- vision. As the projects were planned before courses, authoring books and publishing manufactured locally, giving them more sustainability, which - as a cost of strategy - fered culturally within the current state, will the announcement of the Kuwait’s Vision newspaper articles. added value rather than exporting a natural will reduce the total local money supply. The find is more difficult to fix what we have left 2035 (New Kuwait), how would this vision In addition, I utilize my solid software resource - oil. Once that occurs, by default, entrepreneurs’ challenge is to change their unfixed, and so on, recursively, for the gener- give us a better economy in 2035? Whether engineering background to originate new Kuwait’s economy will be attached to the business strategy to attract foreign cash- ations after that. this vision exists or not, the economy in accounting techniques and tools that help closest largest economy; in our case, Saudi flow. However, this takes several years to 2035 will be the same because the goals are entrepreneurs, investors and households to Arabia. adapt due to its dependence on facilitate KT: How do you view the current sit- not new. Accordingly, the vision clearly has self-create qualified feasibility studies, self- Therefore, focusing on Saudi Arabia can uation of the banking sector and the no strategy to follow, and there is no place generate expense rationalization studies and be more efficient. However, this does not role assigned to it under the economic for ‘based on the vision’s strategy’. The self-evaluate their current or other business- mean we would disregard pushing Kuwait conditions? strategy, unfortunately, is to continue the es for the purpose of sale or acquisition. towards sustainability. On August 8, 2018, I Salloum: Despite Central Bank ties, rentier-state economy. Back to the labor These various techniques and tools are started a new project called ‘Kuwait of the ‘Economic the banking sector’s client-end is very force - not the vision itself, but the projects available online - for free - dedicated to the Sustainability’. I will publish it online an shock’ best advanced and professional. It is giving a which were planned before the announce- public domain with a CC0 license as part of November and present it to government if great client experience. However, the back- ment of the vision, will definitely increase social responsibility. they like to adopt it - a project that intro- approach to end or at the groups of boards level, it is the total workforce, with a higher portion of duces a new chapter every week out of 10 still bureaucratic and under political and national workforce. ‘Kuwait of the ‘Kingdom of the Vision’ chapters that criticize Kuwait’s Vision 2035 introduce taxes big investors’ interests. Recently, the public Sustainability’ project, which we are cur- KT: Tell us about your book ‘Kingdom (New Kuwait) and give economic solutions witnessed unusual - probably prohibited - rently working on, will give the public a of the Vision’. What is your vision of and alternatives. The project speaks to the actions in terms of disclosure and/or con- very clear visualization on this matter. Saudi Arabia’s economy? public to raise awareness standards, which flict of interest and/or insider trading. Salloum: ‘Kingdom of the Vision’ is an is the basis for local politicians’ desired customs matters, which is yet another politi- KT: What is the biggest challenge that economic book that extensively elaborates direction. There is a very high likelihood that cal matter. Unlike e-government, e-banking Labor market GCC countries face in your opinion? How - in a macroeconomic perspective - Saudi paperback and ebook editions of the project is way ahead of international standards. KT: Has Kuwait succeeded in reform- can investors be persuaded to invest? Arabia’s Vision 2030 in six chapters. The will be available when the 10 chapters are Apps of Kuwaiti banks have proven them- ing the labor market? Do you believe that Salloum: Politics. The GCC countries are first chapter, ‘The Rent’, visualizes the published. selves in terms of design, professionalism the economic situation and plans in Vision in a very critical stage. The cases of Yemen, economy’s direction if Saudi Arabia and services. However, if e-banking lacks the 2035 will allow reducing the number of the Qatar blockade, Syria and Iran are creat- remains a rentier state - a state that Investment growth international link with global platforms like foreign workers and increase national ing very volatile GCC markets. Foreigners depends on oil as the main source of KT: What is your outlook on invest- Amazon, Paypal, etc, then it would be due to labor? seek trustworthy-through-stability markets income. The second chapter, ‘The Vision’, ment growth in Kuwait? What do you issues with the Central Bank rather than the Salloum: I have not witnessed any major that are governed by modern financial laws. discusses the vision that led to extracting suggest to attract foreign investors? local financial institutions offering the e- reform but random decisions in the labor GCC countries should work on that to primary goals and the strategy used to Salloum: The growth rate is obviously, banking services. market. Such decisions cannot give a clear attract big investors first; the small ones will achieve these goals. The third chapter, comparably, very low. The reason behind final goal but achieve small goals in favor of follow once they see real opportunity for ‘Housing’, reasons the current housing dif- this is that the local economy relies prima- Tax system many others. In terms of Vision 2035, I do not them, financially and culturally. ficulties, elaborates on them, and links the rily on local investments. Foreign invest- KT: How do you see the most success- believe what was announced suffices to be vision’s strategy to solving those difficul- ments, once they start hitting the economy, ful approach towards introducing a tax called a vision. A vision is a visualization of a KT: The Gulf economy is in general an ties, such as introducing a ‘white land tax’. would form a very high portion of total system? What about selective taxes and future state. This future state clearly has to be oil-based economy - what are the most The fourth chapter, ‘Saudi Aramco’, shows investments. Attracting foreign investors is value-added tax? advanced way ahead of its time. In other effective solutions for moving from the oil the SWOT analysis of listing the Saudi giant not an easy task because they require the Salloum: In terms of economics, I see an words, the projected economy of Kuwait in economy to a diversified economy? oil company after changing it to an energy presence of modern business legislations ‘economic shock’ approach, which intro- 2035 has to be way better than the economy Salloum: This solution differs from one company. The fifth chapter, ‘Citizens Pocket’, and laws, which Kuwait lacks today. Such a duces all the cuts, taxes, etc at once, as the in 2035 if things remain unchanged. Then, we state to another. The decision-making introduces money concepts and how curren- task requires very professional cooperation most successful approach. Such an approach must set primary goals whose achievement process in Saudi Arabia, Bahrain, Qatar, cy numbers do not matter, but value. The between government officials and MPs, who has a severe initial impact - creating a shock would create that ‘way better economy’. Oman and UAE is fully centralized. chapter discusses value-added and income are currently busy considering other less that hits all businesses and people that have Finally, we must set the main and sub strate- Therefore, following the leads of macroeco- taxes, in addition to the real impact of work- important matters, unfortunately. been benefiting from rentier-state outcomes. gies, by which we can achieve these goals. nomic theories will be more than sufficient force nationalization and increase in expats’ Last year witnessed several fraud cases in Surely they will not enjoy it as it interferes Unlike Saudi Arabia’s Vision 2030, to have a diversified economy. On the other fees. The last chapter, ‘Business and the real-estate investment sector involving with the economic culture they used to live Kuwait’s Vision 2035 has not followed the hand, having a diversified economy in Investment’, elaborates on new changes in Ponzi schemes of high monthly returns that with. Such a shock changes their habits, minimum standards of a vision concept. Kuwait requires political maturity through direct investment policies, local business ended with stealing and bankruptcy. Why introducing a new culture that can live with Instead, the government created a list of political reform, which can lead to sufficient environment, giant projects like NEOM and would a foreign investor be attracted to a the tax system strategy. giant and large projects that are either decision-making outcomes that do not the Red Sea project. market that has not yet legislated a clear law Introducing VAT on all or selected prod- completed, previously planned and being interfere with the leads of those macroeco- The book was published on the July 20, for fraud schemes which were first practiced ucts and services should consider valid sta- executed, or previously planned and not yet nomic theories.
Assistant Undersecretary for the Commercial Commerce Minister Surveillance and Consumer Protection Sector Eid Al- Rasheedi said in a statement that the Ministry plans to Primary, middle schools start today open more centers to serve and protect the consumer opens consumer from commercial fraud and issue licenses for protection center festivals and events. It also plans to demolish 12 centers out of 21, which KUWAIT: Minister of Commerce and Industry Khaled already exist and Al-Roudhan opened yesterdaythe new Consumer rebuild them as part of Protection and Control Center at The Avenues shop- its expansion plan, ping mall as part of the ministry plan to spread com- Rasheedi noted. He mercial awareness and consumer knowledge. The min- clarified that this sector istry of commerce will soon launch a smart application has already executed a that will allow citizens to file a complaint without their seasonal plan, spread- actual attendance at the center, Roudhan said at the ing inspectors at differ- inauguration ceremony. The center will offer many ent markets in the services such as issuing license for carnivals, sales and Minister of Commerce and country to investigate event organizations in addition to a specialized depart- Industry Khaled Al-Roudhan and control any viola- ment for customer’s complaints with bilingual qualified speaks to reporters. tion of law. — KUNA and experienced staff, he added.
KUWAIT: Ministry of Education and World Bank Group officials attend a course over the intricacies of the education sector, held in Kuwait yesterday. — KUNA
KUWAIT: The Ministry of Education said yesterday tional stability, the Kuwaiti Ministry of Education’s that it was ready and prepared to receive some Undersecretary Haitham Al-Athari told reporters 251,004 primary and intermediate school students after meeting with WBG representatives on the today to begin the school year. According to ministe- sidelines of a course over the intricacies of the edu- rial statistics, the number of kindergarten students so cation sector. far reached 43,413 students. They will be attending On the four-day course, he said it represents a school tomorrow. The Ministry of Education extend- starting point for any plan designed to set in motion ed enrollment dates for kindergarten year 2018 and an education overhaul, expressing hope that the par- 2019 as an exceptional period for parents to register ticipants in the course are able to acquire new knowl- their children from Sunday through Thursday until edge. Meanwhile, WBG’s deputy manager Firas Raad September 20. underlined the international organization’s mission of Meanwhile, an official noted yesterday that cours- ensuring universal access to education, one of the pil- es offered by the World Bank Group (WBG) have lars of sustainable development. He went on to say proven effective in improving the quality of educa- that the WBG will employ all resources at its disposal tion. Such courses are akin to a roadmap to educa- to bring that goal to fruition. — KUNA KUWAIT: Employees are seen at the new Consumer Protection and Control Center in the Avenues Mall. — KUNA 3 Local Monday, September 3, 2018 Raising fuel prices helped Kuwait make $1.2 billion surplus in two years Bedoon students banned from joining private universities’ councils
By A Saleh and Meshaal Al-Enezi from being nominated to student councils or unions. He expressed rejection to those “who want to belittle the explained that the ban comes at the instructions of the staff members or marginalize their important role in KUWAIT: Kuwait achieved financial surplus of $1.2 central department for remedying the status of illegal organizing the market place.” Osaimi said that workers billion in two years, as the annual surplus is estimated residents. at the authority have a vital role in implementing stan- at $600 million based on the price of oil barrel at $60. dards of international organizations that were ratified The surplus in the budget became possible after Fake employment by Kuwait. Kuwait raised gas prices in September 2016 by reduc- Director of labor inspection department at the Osaimi was speaking during a press conference held ing subsidies on fuel prices, and reducing incentives Public Authority for Manpower Mohammad Al-Ansari yesterday morning at the Public Authority for for government officials. Furthermore, the country said that as part of its coordination with the Manpower Manpower, which he had called for in order to ‘defend seeks the implementation of and Government workers’ and she light on their role in “safeguarding cit- selective tax next year, under Restructuring Program, the izens’ rights in the private and oil sectors.” the commitment to reduce authority was informed about “After the establishment of the manpower authority the state’s deficit in the the results of inspection on five years ago and its separation from the Ministry of 2018/2019 fiscal year which Unionist defends Kuwaiti workers in the private Social Affairs and Labors, workers were able to achieve Al-Ikhlas nursery in Al-Qusoor area of Mubarak Al- is estimated at KD 7 million. manpower sector to take legal action unprecedented success in various administrative, legal Kabeer governorate. Students will be moved to Al- Kuwait’s Ministry of against fake employment cas- and financial fields,” Osaimi said, adding that the Manar nursery, located in block 2 of the same area. Commerce and Industry authority es, and to stop paying authority collected KD 67 million for the state though Undersecretary Abdelghaffar allowance for fake employees. its budget is nearly KD 50 million. Lawmakers had Encroachment on state property Al-Awadhi had stated that workers Regarding violating compa- recently criticized manpower authority workers during The Environment Public Authority, in cooperation raising oil prices, consider- nies, Ansari said that the recent statements in which they slammed a government with Kuwait Municipality and environment police, ing that average price of oil department which handles decision to merge the Manpower and Government inspected a Sulaibiya site following complaints about remains at KD 40 per barrel, violations of employers and Restructuring Program, which handles Kuwaitis’ environmental violations on state property there. will save KD 120 million during the first year of companies coordinates directly with the misdemeanors employment in private companies, with the Public Kuwait Municipality Director General Eng Ahmad Al- implementation. and investigations departments at the interior ministry, Authority for Manpower, which organizes labor affairs Manfouhi was present during the operation. which sends violations to the public prosecutor. in the private sector. Inspections revealed that several unlicensed stores Bedoon students In other news, Head of the Workers Union at the were built and rented to companies. The violators were Secretary General of the Private Universities Council Public Authority for Manpower Fahad Al-Osaimi made Nursery closed issued citations for not complying with the environ- Dr Habeeb Abul said the secretariat told private univer- a scathing attack against a number of lawmakers, who Education Ministry Undersecretary Dr Haitham Al- mental law. Meanwhile, Kuwait Municipality removed sities and colleges to ban bedoon (stateless) students he accused of insulting the authority’s staff lately. He Athari issued a decision to close down the building of the site because of encroachment on state property.
Nasser Sabah Al-Ahmad Al-Sabah in which he stressed Army chief affirms importance of tackling all obstacles that may hold back the educational process. Minister Al-Sabah also ordered to provide all basic needs and suitable atmos- importance of revising phere for the students to have a complete and regular military education. Khader was accompanied by academy programs Deputy Chief of Staff of the Kuwaiti Army Col Gen Abdullah Nawaf Al-Sabah. KUWAIT: Kuwait’s Army Chief of General Staff Separately, Khader met yesterday with the Commander Lieutenant General Mohammad Al-Khader affirmed of the Peninsula Shield Joint Forces Major General yesterday necessity of revision and follow up of the Ali Abdulaziz Ahmed Al-Balawi and his accompanying dele- Al-Sabah Military Academy educational programs to gation. The two sides discussed issues of common interest make sure of their suitability for students. Khader particularly in military aspects, said the Directorate of checked in his meeting with the academy’s command Moral Guidance and Public Relations of Defense Ministry during an inspection tour on the process of the educa- in a statement. The meeting was attended by Deputy Chief tion and training of the college students who have of Staff Abdullah Nawaf Al-Sabah and Assistant Chief of recently joined the academy. He stressed importance of Staff for Operations and Planning Major General providing all services needed in the facility and empha- Mohammed Al-Kandari. The joint Peninsula Shield forces sized its appropriateness for students’ daily activities. delegation also met with Kandari, discussing aspects of KUWAIT: Chief of Staff of Kuwait’s Armed Forces Lieutenant General Mohammad Khaled Al-Khader meets with His visit to the academy was by order of the First military cooperation. The meeting was attended by a num- the Commander of the Peninsula Shield Joint Forces Major General Abdulaziz Ahmed Al-Balawi. —KUNA Deputy Prime Minister and Minister of Defense Sheikh ber of senior army officers. —KUNA
police station for questioning. The driver, who had No injuries in made the emergency call following the accident, told police that he was surprised as the woman crossed Mishref, Saad the road, and tried to avoid hitting her but to no avail. Theft Al-Abdullah fires A man filed a case with Fintas police, saying that an unknown person spent KD 213 from his personal By Hanan Al-Saadoun and Agencies account on online shopping. In his statements to police, the Nepalese man said that he was surprised KUWAIT: Firemen put out a blaze that burned a to receive a notification informing him that KD 213 vehicle parked outside a building in Mishref yester- was deducted from his account to pay for purchases day. No injuries were reported. Meanwhile, firemen made on an online store for sports products. He from two separate fire stations tackled a blaze that handed police a bank statement showing the transac- started in the kitchen of a Saad Al-Abdullah area tion that was done in two parts. Investigations are house yesterday. No injuries were reported in the underway. incident as well. Investigations were opened to reveal the causes of the two fires. Accident Ahmadi authorities summoned a dentist for ques- Pedestrian hurt tioning over charges pressed by his female colleague, An American woman was hurt when a vehicle ran who accused him of kicking her in the foot. The doc- her over in Manqaf. The victim was taken to Adan tor said that it was an accident, adding that the com- hospital, while the driver, a Kuwaiti citizen, was to the plainant rejected his apology and lodged a complaint.
KUWAIT: Firefighters extinguish a fire in a vehicle parked outside a building in Mishref.
The scene inside the kitchen of a Saad Al-Abdullah area house, where a fire was tackled yesterday. 4 Established 1961 Monday, September 3, 2018 Local
Photo of the Day
KUWAIT: People fish at a fishing pier in Kuwait City. —Photo by Yasser Al-Zayyat Health Minister sets prices of medicines, pharmaceuticals Ministry organizes 3rd Infectious Disease Conference
By A Saleh and Agencies tration, even if the registration has to do developments and research in the field of with MoH tenders. infectious diseases. Conference Chairperson KUWAIT: Health Minister Dr Bassel Al- In the meantime, the Ministry of Health Dr Munther Al-Hasawi said the conference FM88.8 announce Sabah issued a ministerial decree yesterday announced yesterday organizing the third includes interactive panel discussions, setting the prices of a number of medicines Infectious Disease Conference under aus- keynote lectures, plenary talks, poster ses- new timing for and pharmaceuticals in Kuwait. The ministry pices of Minister of Health Sheikh Dr Bassel sions, workshop, symposium by international, did not make the actual price test available Al-Sabah on the 22nd and 23rd of September regional and local speakers. The conference popular show to the media. Meanwhile, the drugs and food 2018. In this regard, Director of infectious will cover updates in different aspects of supplements pricing committee at the diseases hospital Dr Jamal Al-Duaij said in a tropical medicine, that are commonly seen in KUWAIT: Nabd Al- Ministry of Health (MoH), headed by statement, yesterday, that the conference, GCC countries like imported malaria, leish- Kuwait ‘FM88.8’ CEO Assistant Undersecretary for Drugs and organized in cooperation with London mania, hydatid disease, brucellosis, leprosy, Talal Al-Yaqout said Food Control Dr Abdullah Al-Bader, took School of Hygiene and Tropical Medicine, typhoid fever, neglected tropical diseases, that starting from yes- practical measures by having companies aims at providing a platform to the audience infectious diseases in returned travelers, and terday, the ‘Diwaniyat Dr Bassel Al-Sabah submit attested pricing certificate at regis- to meaningfully connect and discuss new HIV medicine, he added. Al-Yaqout and Al- Ansari’ program will be broadcast from 1 to develop each of those services.” pm until 4 pm daily Leaders Group, Anjari said that ‘Horeca Kuwait’ has already gained Sundays through wide-scale fame in Kuwait and the region as a whole, Thursdays. Yaqout Hospitality Services as “it gathers major companies and establishments said the new decision active in the hospitality, food and hotel supplies indus- was taken after sur- announce ‘Horeca tries, as well as those that deal with hospitals, resorts veys and studies by Talal Al-Yaqout and restaurants, besides experts, and investors.” specialized companies Meanwhile, Hospitality Services Company with a large sample of individuals of various ages, Kuwait 2019’ Managing Director Joumana Dammous Salame spoke adding that those surveyed who included students, about the developed partnership with Leaders Group employees, businessmen homemakers and retirees, KUWAIT: Leaders Group for Consulting and and its General Manager. “Eight years of our joint all said the ‘Diwaniyat Al-Yaqout and Al-Ansari’ Development (LGCD) in cooperation with the cooperation in organizing ‘Horeca Kuwait’, reflect the program is the best in Kuwait, adding that the sur- Lebanese Hospitality Services Company will organize professionalism and credibility of this partnership, so vey revealed that individuals want the program be the eighth edition of Horeca Kuwait Exhibition 2019 for continuity was achieved, in which we are confident in broadcast starting at 1 pm instead of 12 noon, so hospitality, food industry and hotel supplies. The event the exhibition’s positive effects on hospitality and that they can listen to it and participate by phone. takes place from January 13 to January 16, 2019 at the tourism in Kuwait and the region,” she noted Yaqout said this move comes at the request of Kuwait International Fairgrounds (Hall 8) in Mishref. She said the ‘Horeca’ brand in Lebanon and other listeners, and to keep ‘Nabd Al-Kuwait’ station in “The continued growth of this exhibition since 2012 countries in the region became a partner in the growth contact with its listeners for a longer period as the solidifies its position as a reference for the hospitality, of many commercial, industrial and marketing sectors school year starts, with the usual traffic jams at this food and hotel supplies industries in Kuwait,” Leaders related to hospitality. “This makes us shoulder the time of year, it also comes at the rush hour, as gov- Group General Manager Nabila M Al-Anjari said. She responsibility of achieving continued development to ernment employees were not able to listen because added that ‘Horeca Kuwait 2019’ will be held with meet the requirements and hopes of exhibitors and they leave at 3 pm. “Our program hits the nail in more momentum, which is already evident in reserva- specialists, as the hospitality sector is witnessing any subject we discuss and has interest with citi- tions for participation that started as soon as the pre- increased competition between several markets and zens and expats openly and without bias,” Yaqout vious exhibition ended in January 2018. KUWAIT: Leaders Group General Manager Nabila Al-Anjari hundreds of trademarks at all levels, under the inter- said. “I would like to thank all companies that Anjari added that Leaders Group is keen on the (left) and Hospitality Services Company Managing Director national trade openness, as well as exchange of expe- believed in our program and remain the main spon- growth of all indicators of this unique exhibition in the riences and cross borders and continents industries,” Joumana Dammous Salame shake hands after signing the agreement to organize ‘Horeca Kuwait 2019’. sors through their ads on the diwaniya.” country. “Horeca Kuwait is known for boosting the she indicated. contents of the hospitality and tourism sectors with Salame said Kuwait is distinguished with having a for more than 20 years,” she said. “This is reflected on major growth in hospitality, as the number of hotels so organizers of Horeca Kuwait is well aware of the the types of services our company presents, and in rose to around 100, and investments in restaurants importance of its commercial, technical and organiza- making domestic, Arab and international partnerships surpassed KD 600 million according to some sources, tional role.
Theatre on Saturday evening. The opening cere- performing four comedies until Sunday, September Comedy nights mony saw the honoring of Dawood Hossein - a 9,” Dr Dowaish said. “This festival is on the agenda celebrated Kuwaiti comedian and other celebrities of NCCAL activities this year,” he added, welcom- festival opens on as well as theater companies. The ceremony also ing the large participation by eminent theatre saw the performance of ‘Al-Orgoha’ (the Swing) troupes. Director of the festival Tareq Dahrab play directed by Nassar Al-Nassar. Hussein is a praised the level of competing comedies, artists Al-Dasma stage talented artist who has a long record of invaluable and arbiters. The agenda of the festival includes KUWAIT: Under Auspices of Minister of theatrical works, Dr Bader Al-Dowaish, acting sec- offering the plays ‘Wahsh Al-Fardous’ (monster of Information and Minister of State for Youth Affairs retary-general of the National Council for Culture, paradise), “Mashrou’ Saghir’ (small project), Mohammad Al-Jabri, ‘Layali Masrahiya Comedia’ Arts and Letters (NCCAL), said in statements. ‘Derbeg Khidr’ and ‘Saleh Ya’oud’ (Saheh is com- (comedy nights) festival kicked off at Al-Dasma “This is the fourth edition of the festival; it features ing back). —KUNA Talal Al-Yaqout and Khaled Al-Ansari
International MONDAY, SEPTEMBER 3, 2018 US commando takes helm of forces in Afghanistan Thousands mourn the murdered Ukraine rebel ‘hero’ Page 8 Page 9
BERLIN: Supporters of the Seebruecke (sea bridge) movement pile up life vests during a demonstration for unhampered sea rescue of refugees in the Mediterranean Sea and for secure escape routes for migrants that was titled “Seebruecke creates safe harbors” yesterday in front of the Brandenburg Gate. — AFP Migrant crisis continues to haunt EU 3 years later, Merkel’s decision has left Germany vulnerable
BERLIN: German Chancellor Angela Merkel won acco- challenge” for the bloc, noted Stefan Lehne, visiting pro- Europe in allowing millions of people in who have so between western European nations and the former com- lades for her stunning call on September 4, 2015 to keep fessor at Carnegie Europe. “While the numbers of arrivals strongly and violently changed their culture!” munist bloc, with Hungarian Prime Minister Viktor Orban open Germany’s doors to hundreds of thousands of asylum are down, the hysteria is up, as populist movements and a leading the east in flatly refusing to take in refugees. “Ten seekers, many fleeing war-torn Syria or Iraq. Three years growing number of mainstream politicians are building ‘Fatal solvent of the EU?’ years ago, the biggest problem in Europe was that western on, scenes of far-right protesters chasing down foreigners their business model on anti-migration sentiments.” Some analysts warn that not only was Europe’s migra- Europeans were unhappy about EU expansion as they fear in a German city have shocked the world. All of Europe has tion crisis not over, it could yet be the undoing of the EU job losses,” said Bulgarian political scientist Ivan Krastev seen a sea-change since the migration crisis erupted. itself. Offering a pessimistic reading of the situation, British in an interview with Die Welt daily. “Today, eastern Britain is now just months away from quitting the historian Niall Ferguson wrote: “Far from leading to a Europeans feel they are the biggest losers.“ European Union, the far-right is sharing power in both fusion, Europe’s migration crisis is leading to fission. But he nevertheless voiced support for Merkel’s fateful Italy and Austria, while right-wing extremist group AfD The influx Increasingly I believe that the issue of migration will be decision because leaving frontline nations Italy and Greece has become the biggest opposition party in Germany’s seen by future historians as the fatal solvent of the EU,” alone to deal with the crisis in 2015 “would have been the parliament. If there is a common denominator for these has slowed the professor at Harvard predicted. end of the EU”. Italy’s far-right interior minister Matteo upheavals in European politics, it is the migration crisis “In their accounts Brexit will appear as merely an early Salvini has repeatedly accused Europe of abandoning his seized upon by pro-Brexiters and far-right forces across considerably symptom of the crisis.” EU member states’ reaction to the country. Ahead of next year’s European parliament elec- Europe as the public enemy in their campaigns. refugee influx has been dramatically different to that of the tions, the hardline minister has also aligned himself with the Despite her “we can do it” rally cry, Merkel has since financial crisis, which was marked by countries sacrificing right-wing “Visegrad” countries of the Czech Republic, agreed to toughening restrictions to curb new arrivals, controls over the banking system to save the euro, Lehne Poland, Austria and Hungary to form an anti-migration camp. while the EU as a bloc is seeking to stop migrants landing noted. “The response to the recent refugee crisis was just “The appearance of a ‘nationalist international’ will on its soil. As a result, the influx has slowed considerably. In the most recent illustration of the deep-seated the opposite,” with countries turning instead to national hopefully trigger a counter-mobilisation of pro-European In Germany, which recorded 745,545 asylum applications resentment against newcomers, hundreds of mostly white measures. “This logic of re-nationalization, combined with political forces,” said Lehne, noting that this could in turn in 2016, just 93,316 were registered for the first half of this men gathered swiftly in the eastern German city of the rise of xenophobia and identity politics in many EU spark a necessary healthy debate on the future of the EU. year. Some headway also appears to have been made on Chemnitz, some attacking foreign-looking people, after countries, now hampers the development of robust collec- “Such a debate involves risks, as major parts of the pub- integration. One in four asylum seekers who arrived in news circulated that a German man was stabbed to death tive instruments to deal with migration challenges,” he said. lic remain alienated from the EU, but it also could turn Germany since 2015 have since found work, according to last Sunday, allegedly by an Iraqi and a Syrian. Across the into a catalyst for positive change. Some storms are nec- data released in May by the employment ministry’s think- Atlantic, US President Donald Trump in June also poured ‘Nationalist international’ essary to clear the air and provide a better view on what tank IAB. Nevertheless, “migration remains the biggest fuel on the burning topic: “Big mistake made all over The migration crisis has also unearthed a key fault-line the future holds.” — AFP
clear. “We have obstacles. There isn’t any direct shipping Long reach of US from Germany to Syria. There are Syrian banks that cannot receive any money from Europe, and European companies Turkish mothers’ sanctions hits that are afraid to receive any more from Syria,” he said. US sanctions on Syria predate the crisis, but were extended after Assad’s crackdown on protests in 2011 and protest for Syria reconstruction again as the country slid into war. The sanctions have frozen the assets of the Syrian state and hundreds of com- disappeared blocked panies and individuals, including government figures, mili- BEIRUT: As Syrian President Bashar Al-Assad attempts to tary and security personnel and others accused of involve- ISTANBUL: Police in Istanbul on Saturday blocked a turn military success into postwar reconstruction, Western ment in making or using chemical weapons. They ban weekly demonstration by Turkish mothers demanding sanctions are a major obstacle that could scare off foreign exports, sales or supply of services, along with any new state accountability over the fate of relatives who disap- companies. Syria has suffered immense physical destruc- investments, into Syria by any US person. They also bar peared in the 1980s and 1990s. The women known as the tion, while millions of workers have fled, been conscripted or any dealings by US persons in Syrian oil and hydrocarbon “Saturday Mothers” have gathered almost every week killed. A UN agency estimates the war has cost $388 billion. products, or their import into the United States. since 1995. But on Saturday police put up barricades Extensive reconstruction still looks far off. Assad’s allies US persons cannot finance or facilitate any transactions near their regular Galatasaray Square meeting place and Russia and Iran, as well as China, have made some invest- by foreigners that would fall under sanctions if done by on the famous Istiklal Avenue to stop them assembling ments in the country, but they cannot afford the cost of Americans. European Union sanctions were imposed in ISTANBUL: A woman attends a rally during the World rebuilding and want other countries to share the burden. following a ban by the Istanbul governor, an AFP pho- Peace day yesterday at Bakirkoy district. — AFP May 2011, for Syria’s “brutal repression and violation of tographer said. Western countries say they will not approve reconstruc- human rights”, and have been updated several times since. Istanbul authorities had said the rally was banned tion funding for Syria, or drop sanctions, without a politi- They are not as sweeping as the US sanctions, but are still after calls to attend were made through social media the mothers marked their 700th weekly demonstration. cal settlement. Meanwhile, sanctions are making it hard for extensive and include asset freezes, travel bans, trade channels linked to the outlawed Kurdistan Workers Party They were later released. The group is mainly made up of foreign companies to work there. restrictions, financial sanctions and an arms embargo. (PKK). As the mothers held carnations and images of the mothers of victims. Their main demands include access to Although some have managed to do business in Syria, They bar trade in items that could be used militarily or disappeared, a press statement was read out describing documents in state archives to shed light on what hap- the wide scope of the sanctions and broad US powers to for repression, luxury goods, precious stones and metals the ban as “arbitrary”, the photographer added. Activists pened to their relatives and for the statue of limitation to enforce them mean companies risk inadvertent breaches. and equipment or technology for some oil and gas sectors say hundreds disappeared allegedly at the hands of the be removed on political murders and forced disappear- Most Western companies are steering clear. One that hopes including exploration and production, refining and gas liq- state, at a time when Turkey was fighting Kurdish mili- ances. The disappearances happened during political for future work in Syria, German pipe manufacturer uefaction. The European sanctions also target Syria’s elec- tants as well as left-wing extremists. instability following a 1980 military coup when many were Ostendorf Kunststoffe, exhibited at an international trade tricity network, banning EU companies from building pow- The action by police came after security forces detained for political activism and also during the 1990s fair in Damascus and is building relationships with potential er plants, supplying turbines or financing such projects. US forcibly dispersed the demonstration last week using insurgency by the Kurdistan Workers’ Party (PKK) for customers. However, it has not agreed any contracts yet and and EU sanctions include exceptions for humanitarian water cannon and fired tear gas. Dozens were detained as self-rule in the Kurdish-dominated southeast. — AFP its local representative, Nabil Moughrabie, based in Beirut, supplies, and for items needed by United Nations missions said the company was waiting for the political climate to in Syria. — Reuters 7 International Monday, September 3, 2018 No face-to-face meetings set for Yemen peace talks Talks to focus on a prisoner exchange deal and the fate of a key port
ADEN: Yemen’s warring parties will not meet directly at terday said it “fully supported” Griffiths’ efforts. “It is UN-brokered peace talks in Geneva this week, likely to imperative that all parties work toward a comprehensive focus on a prisoner exchange deal and the fate of a key political solution to avoid further harm to the Yemeni peo- port, government officials said yesterday. The United ple,” said state department spokesperson Heather Nauert. Nations has invited Yemen’s government and the Iran- “The aim of this first round of consultations is to better backed Huthi rebels to Geneva for talks which open understand how committed both parties are to the frame- Thursday. work for formal negotiations... and to come to some con- Both parties have confirmed they are sending high-level clusions about how those negotiations may start,” said UN delegations to the talks, but spokesman Stephane officials say expectations of a Dujarric. breakthrough are low. UN In July, the Yemeni gov- envoy Martin Griffiths has said ernment demanded the the talks are aimed at charting release of all prisoners held a path forward to revive UN- by the Huthis as a condition backed negotiations which The consultations for the start of peace talks. broke down in 2016.The Speaking on condition of Yemeni government says the will be indirect anonymity, a government meetings will likely focus on a source said the delegation prisoner exchange deal and the would demand the release of fate of embattled Hodeida, the 5,000 prisoners while the rebel-held port city that is now rebels were hoping for the the frontline of the Yemen war. liberation of 3,000 of their Yemen’s Foreign Minister Khaled Al-Yamani told AFP fighters. Rights group Amnesty International in July said it the meetings “will not be face-to-face and depend on how feared violations in a string of Yemeni prisons could well the UN envoy manages the two sides”. “The consulta- amount to war crimes. The prisons, according to Amnesty, tions will be indirect, unless there is some progress that are run by the UAE, the Yemeni government’s most power- can be made directly,” said Abdullah Al-Olaimi, head of ful partner on the ground. The UAE has denied involve- Yemen’s presidential office and a member of the Geneva ment in any prisons in Yemen. delegation. In this August 15, 2018, photo obtained from the US Navy, sailors stand watch on the forecastle of the guided-missile Fiscal fight destroyer USS Jason Dunham as the ship escorts the fleet replenishment oiler USNS Laramie (rear) transiting the Bab Prisoner swap deal The Geneva talks will also look at the economy in Al-Mandeb strait. — AFP Yemen’s government has openly said it has low expec- Yemen, long the Arab world’s most impoverished country. tations for the talks, blaming the Huthis for refusing to In 2014, the Iran-backed Huthis overran the capital, driving the state’s grip on the national economy and boosting its what is widely seen as a proxy war between Riyadh and make concessions. “Our expectations are limited to the out the government of President Abedrabbo Mansour Hadi standing in rebel-held areas. The foreign minister accused Tehran. The conflict has killed more than 10,000 people possibility of progress in the question of prisoners and and setting up a parallel government in Sanaa. The rebels, the Houthis of failing to turn in their revenues, which he since 2015 and triggered what the UN calls the world’s detainees,” Yamani said. “I think this is the chance to suc- however, have been unable to pay the salaries of many civil estimated at 45 billion riyals ($113 million), to help bolster worst humanitarian crisis. Government forces backed by ceed in securing the release of prisoners, and I believe the servants for months, according to reports from the capital. Yemen’s economy. the Saudi-led coalition in June launched a major offensive other party is also willing and ready.” Yamani said the government could step in to help pay Backed by Saudi Arabia and its allies, Hadi’s govern- to capture Hodeida from the Houthi rebels, sparking fears The United States, a major ally of Saudi Arabia, on yes- the overdue salaries, a move likely aimed at strengthening ment has battled the Houthis for more than three years in of a fresh humanitarian crisis. — AFP
Blasts at Syrian Copts attacked airbase near in Egypt’s south Damascus over homes kill two: Monitor BEIRUT: At least two pro-government forces were killed used as churches overnight in a string of explosions at a military airport near CAIRO: Egyptian villagers have attacked and looted the the Syrian capital, a monitoring group said yesterday. properties of Coptic Christians in the southern province Syrian state media also reported the blasts at the Mazzeh of Minya in protest at the use of homes and halls for airbase, on the western outskirts of Damascus, but did not worship, the region’s archdiocese said Saturday. “Four mention any casualties. The Syrian Observatory for Human Coptic homes were attacked Friday by residents from Rights war monitor said Mazzeh was hit by a “possible the village and other nearby areas,” said Bishop Israeli missile, which hit a munitions store setting off suc- Makarios of Minya, about 250 kilometers south of Cairo. cessive explosions”. In a statement posted on its Facebook page, the arch- “It left two pro-regime fighters dead and wounded diocese of Minya said “extremists” had attacked the vil- another 11, some of them in critical condition,” said lage of Demshaw Hashem because of the “existence of a Observatory chief Rami Abdel Rahman. He could not church”. It said Christian residents of the village use specify their nationalities or whether they belonged to homes and halls for prayer. “Extremists attacked Copts, militias or government forces. An Israeli military spokes- stole quantities of jewelry and money, destroyed house- woman declined to comment on yesterday. hold appliances and set fire to property,” it said. Three AFP’s correspondents in Damascus heard multiple people including a firefighter were injured. blasts overnight, one of which lit up the sky in a deep red IDLIB: A Syrian rebel fighter from the recently-formed “National Liberation Front” receives military training at an “There have been reports for several days about the hue, but reported calm yesterday morning. A Syrian mili- unknown location in the northern countryside of the Idlib province. — AFP intention of extremists to carry out the attack,” it said. tary source said the Mazzeh airbase “was not the target of Authorities were informed of the threats but security Israeli aggression”, according to the official SANA news ry to its Lebanese enemy Hezbollah. It has also pledged In July, Syria accused Israel of bombing a military post forces arrived to the village after the assault, it added. agency. “The explosions heard were due to an explosion at to prevent its arch foe Iran from entrenching itself mili- in the northern province of Aleppo, where at least nine A security official said 38 suspects had been arrested. a munitions deposit close to the airport which was due to tarily in Syria, and a series of strikes that have killed pro-regime fighters were killed according to the Copts, who make up about 10 percent of Egypt’s near- an electrical short circuit,” the source said, without men- Iranians in Syria have been attributed to Israel. Earlier Observatory. More than seven years since Syria’s conflict ly 100 million people, have long complained of dis- tioning any casualties. this week, Israel reiterated its threat to hit Iranian mili- began, regime forces have managed to retake entire crimination and intermittent sectarian attacks. The Mazzeh airbase houses Syrian Air Force intelli- tary targets in Syria. “The IDF (Israel Defense Forces) regions from rebels and jihadists and now control nearly The Coptic minority has been targeted by a series gence, and in early 2017 the Syrian government accused will continue to take strong and determined action two-thirds of the country. Syrian troops are supported of bloody attacks over the past two years, most its neighbor Israel of bombing the base. Israel has against Iran’s attempts to station forces and advanced military by their Russian and Iranian allies, Tehran- claimed by the Islamic State jihadist group. On August sought to avoid direct involvement in the conflict but weapons systems in Syria,” Prime Minister Benjamin backed Hezbollah fighters as well as Iraqi, Iranian and 11, an attempted suicide attack on a church in northern acknowledges carrying out dozens of air strikes in Syria Netanyahu said. Afghan militiamen. — AFP Cairo was foiled when the presence of security forces to stop what it says are deliveries of advanced weapon- prompted the assailant to detonate his explosive belt on a bridge some 200 meters from the house of wor- ship, according to security sources. Many churches are built illegally in Egypt due to Suicide administrative obstacles. Authorities hailed as a break- Iran parliament drops through a law passed in 2016 on the construction and bomber restoration of churches. But in late 2017, a church plan to impeach around 100 kilometers south of Cairo was attacked by a crowd chanting hostile slogans and calling for the kills three in building’s demolition. — AFP education minister Somali capital TEHRAN: Iran’s parliament called off a planned vote to impeach the education minister yesterday, Iranian media reported, offering some respite for the embat- MOGADISHU: A suicide car bomb tled government of President Hassan Rouhani. Protesters at Nahr killed three security guards and Twenty-nine lawmakers signed a motion last injured several more people in the Wednesday to impeach the minister, Mohammad Bin Omar oilfield heart of the Somali capital Mogadishu Bathaei, but all of them withdrew their signatures. yesterday, authorities said. Islamist “Given the imminent opening of schools (on BASRA: Police used tear gas to disperse around 150 pro- extremists of the Al-Shabaab move- September 23), those requesting the impeachment testers at the main entrance to Iraq’s giant Nahr Bin Omar ment immediately claimed responsi- have withdrawn their request,” said Ahmad oilfield yesterday, police sources said, amid growing unrest bility for the attack. “There was a car Amirabadi, a member of parliament’s presiding board, in southern cities over poor public services and corrup- bomb blast targeting the district according to the semi-official news agency ISNA. tion. Officials at the field in the southern oil hub of Basra administration offices and three peo- Rouhani has faced mounting pressure from lawmakers said operations were running normally. ple died and several others wounded,” over his handling of an economic crisis, partly trig- Production from Nahr Bin Omar, which is operated by Mogadishu administration spokesman gered by the withdrawal of the United States from the the state-run Basra Oil Co., now stands at around 44,000 Salah Hassan Omar told reporters at 2015 nuclear deal and re-imposition of sanctions. barrels per day, oilfield officials said. On Friday, hundreds the scene. Parliament sacked his labor and economy ministers of Iraqi protesters stoned and tried to break into the He said the dead were security last month, and Industries Minister Mohammad provincial government headquarters in the southern oil guards at the building’s main Shariatmadari has also been targeted for impeach- hub of Basra demanding better public services and an end entrance where the blast occurred. ment, though it is not clear if that will still go ahead. to pervasive corruption. Witnesses said the explosion Rouhani himself was summoned to parliament to Protesters threatened to break into the field if the destroyed the building. “The blast answer questions from lawmakers last Tuesday, a first government did not respond to their demands to was very huge, it affected several in his five years in power, and only the second time for improve basic services and address their complaints nearby buildings including a Koranic a sitting president. over Basra’s drinking water, which residents say is school and a mosque,” said witness Economic grievances played a role in Bathaei’s undrinkable due to high salt levels. “We will not allow planned impeachment, with lawmakers criticising the Abdukadir Dahir. “Eight people were MOGADISHU: A Somali soldier is seen at the car bomb scene. — AFP the oilfield to operate unless we get clean water. No wounded among them several stu- reduced budget for education and school renovation, services, no jobs and now no clean water. We are fed dents who stayed at a nearby though senior officials pointed out that the minister has up,” said Hassan Ali, a protest organiser. madrasa,” he added. casualties,” it said. Somalia suffered overthrow the internationally backed no power over budgets. Supreme leader Ayatollah Ali Iraqi political blocs are attempting to form a coalition The militants’ claim came in a brief the worst terror attack of its history in government. They still hold sway over Khamenei last week welcomed the pressure on government after a May 12 parliamentary election tainted statement posted on a pro-Shabaab October last year. More than 500 vast rural areas. A 20,000-strong Rouhani’s cabinet, saying it was a sign of the strength of by allegations of fraud. Oil exports from Basra account for website. “The Mujahedeen attacked people were killed in Mogadishu in a African Union Mission in Somalia Iran’s democracy. But he also warned that differences more than 95 percent of OPEC producer Iraq’s state rev- the headquarter of the apostate truck bombing attributed to Al- (AMISOM) was deployed in 2007 between officials should not be overly emphasized enues. Any potential disruptions to production could administration... using a vehicle Shabaab. The Islamists, forced out of under a UN mandate to shore up the “because the people would become worried”. — AFP severely impact Iraqís limping economy. — Reuters loaded with explosives, there are the capital in 2011, are fighting to government. — AFP 8 Monday, September 3, 2018 International Tens of thousands mourn the murdered Ukraine rebel ‘hero’ Praised as a ‘brother’ and a ‘hero’ by an aide of Vladimir Putin DONETSK: Tens of thousands of mourners thronged the ‘Personal loss’ streets in Ukraine’s rebel stronghold of Donetsk yester- Huge billboards erected in the city centre were plas- day to pay their final respects to an assassinated sepa- tered with pictures of Zakharchenko and his quotes. “All of ratist leader, who was praised as a “brother” and a “hero” us have one Motherland — Russia”, read one. “They have by an aide of Vladimir Putin. Crowds of admirers — taken away a part of our soul,” said one mourner, 41-year- many clutching flowers and in tears — clapped and old Oksana, who declined to give her last name. “He was shouted “spasibo” (thank you) as the flag-draped casket like a member of the family. It’s a personal loss for me.” of Alexander Zakharchenko, the 42-year-old chief of the Many blamed Ukraine for the bombing. self-proclaimed Donetsk People’s Republic, was driven “We will never forget this tragedy, we will never for- through the streets en route give,” said Sergei Kapustin, to a cemetery. 35. Zakharchenko will be Zakharchenko was killed in buried next to two prominent a bombing at a Donetsk cafe rebel commanders known by on Friday, becoming the four- A huge honor their noms de guerre, Givi year conflict’s most prominent and Motorola. Putin on Friday victim from the Moscow- to be your swiftly sent condolences to backed side. His bodyguard Zakharchenko’s family and also died and 12 more people friend residents of east Ukraine. were injured. At least 100,000 mourners came to pay their Celebration in Kiev respects to Zakharchenko, In the capital Kiev, several whose body had lain “in state” dozen political activists cele- at a theatre for several hours, brated the demise of the pro- the authorities said. Western authorities’ arch-enemy by setting up a table in front Several members of Russia’s ultra-nationalist bikers’ of the Russian embassy. They drank sparkling wine and ate club Night Wolves including their leader Alexander chicken in front of portraits of Putin, Zakharchenko and iconic Zaldostanov were in attendance. The head of Georgia’s pro-Kremlin crooner Iosif Kobzon who also died this week. breakaway statelet, South Ossetia, Anatoly Bibilov, and The portraits of the camouflage-clad Zakharchenko and Russian lawmaker Natalia Poklonskaya also turned out. Kobzon — who once sang together — were crossed out In a statement carried by the Donetsk republic’s news with red paint. The activists threw chicken bones at the DONETSK: Pall bearers carry the coffin during the funeral ceremony for assassinated leader of the self-proclaimed agency, Russian President Putin’s aide Vladislav Surkov photographs. Moscow and rebel authorities have said Kiev Donetsk People’s Republic Alexander Zakharchenko. — AFP called the separatist a “brother”. “You are a cool guy, a was behind the assassination, while Ukraine links the true hero and it’s a huge honor to be your friend,” said bombing to internal feuding and Russia’s desire to control November 2014, he was elected the first president of the Donetsk and Lugansk regions in April 2014 following Surkov, calling Zakharchenko Sasha, a diminutive form the territory. Russia has said the murder was a provocation Donetsk republic and earlier that year took part in the Russia’s annexation of Crimea from Ukraine. Kiev and the of his first name. Armed men in fatigues cordoned off and would derail the long-stalled, Western-brokered storming of the regional administration building that West accuse Russia of funneling troops and arms across the city centre and public transport was temporarily peace process. Zakharchenko had led Russian-backed launched the conflict. More than 10,000 people have been the border. Moscow has denied the claims despite evi- suspended. insurgents in the rebel region for the last four years. In killed since the insurgency broke out in the eastern dence to the contrary. — AFP
from the right-wing UK Independence Tory members Party (UKIP) are joining the Tories to remake its leadership. Their concerns stem sparks fears from businessman Arron Banks, the single Taken to the USSR, largest bankroller in the 2016 EU referen- dum campaign, calling for the roughly of right-wing 90,000 members of his Leave. EU group French ‘children’ and its 1.4 million social media followers to takeover join the Conservatives. forgotten in Belarus He admits wanting to ensure the party’s LONDON: As internal divisions over next leader — and therefore prime minister GRODNO: When she set out on a boat for the USSR Brexit plague Britain’s ruling Conservative — is a hardliner if Theresa May is ousted with her family some 70 years ago, Yanina Stashko had Party, a recent surge in membership has amid fierce opposition to her plans for a no idea she would never see her native France again. left some fearing the new recruits have post-Brexit “common rulebook” with the Like millions of others, mainly from continental Europe ulterior motives. The Tories have seen EU. Under Conservative rules new mem- but also Britain and the United States, Stashko’s family thousands of new members apply to join its bers are able to vote in leadership contests was tempted “home” to the Soviet Union by a post-war ranks this summer, according to lawmakers within three months of joining. propaganda drive. But when they got there they lost and reports. But this newfound popularity “The best way to secure Brexit and our LONDON: In this file photo taken on June 12, 2018 Brexit campaign donor and their previous nationality, found themselves impover- has not been welcomed by all within the country’s future is via the Conservative businessman Arron Banks arrives at Portcullis House to give evidence to ished at best and victims of political repression at worst. centre-right bastion of British politics. Party,” Banks wrote in last week’s Sunday Parliament’s Digital, Culture, Media and Sport (DCMS) Committee. — AFP “Of course I could have done much more in France “There clearly is a movement of people Times, noting “it is in government and, for than I did here. But obviously it is too late to go back,” joining the Conservative Party but for now, calls the shots. “A grassroots rebellion they welcome the converts, noting Banks tive influence”. He briefly left the party “to the 88-year-old told AFP at the farm where she lives in exactly what purpose it’s impossible to in the Tory party is possible. In the right was a member as recently as 2013. put pressure on them” to hold the 2016 the west of Belarus. In the 1920s, Stashko’s father had say,” Dominic Grieve, a pro-European MP, conditions a new leader can be swept to Conservative Party headquarters declined referendum, and rejoined in August to moved from what is now western Belarus to France along told AFP. In his constituency in southeast power, and sanity can prevail. Our aim is to to comment on Banks or provide new influence Brexit “if there is a leadership with his wife. There he worked in the mines in the north England it has grown by around 100 peo- unite the right,” he added. member numbers. A party source said: challenge”. Evans said the growing cam- of the country which at the time were crippled by strikes. ple to 1,200 members in recent months — “We have been driving up membership paign for a second referendum spurred his “In France we lived well. We had a house that my father alongside his suspicions. “I’m sure there’s a ‘Extremist infiltration’ steadily through a recruitment drive.” decision as much as Banks. “My vision of was given from the mine,” said Stashko, who was born deselection agenda by some members of Conservatives last month rejected Insiders added the spike was anticipated Brexit is being lost to a Remainer PM shortly after her parents’ arrival in the country. my association towards me,” he added. Banks’ own bid to join, reportedly judging due to a new centralized membership sys- (prime minister), Remainer cabinet and “The Conservative Party’s always been a he would likely bring them into disrepute. tem and nationwide campaign managers majority-Remainer Parliament,” he said. Millions like us broad church and tolerant of difference. “He is not a Conservative and he supports working to recruit. Tim Bale, politics professor at Queen But after World War II, her father lost his job. The But I’m afraid at the moment we’re going a rival political party,” pro-Remain MP Lawmakers like Grieve and Soubry can- Mary University of London, said a spike in region from where in Belarus his family originated had through a political crisis which is reducing Anna Soubry said in welcoming the move. not see the national picture, they said. ardent Brexiteers joining the Conservatives become a part of the USSR — at home, they would read tolerance.” She urged Tory Chairman Brandon Lewis George Evans, 64, of Wirral in northwest was “almost inevitable”. “If it is being coor- Soviet newspapers, which were full of propaganda, and MPs who back remaining in the “to show the courage and determination to England, is among the new members from dinated in some way then that will help the talk about what life would be like on the other side of European Union — so-called Remainers stop the extremist infiltration”. UKIP but insisted he is a lifelong Tory vot- process along,” he added, noting its sign-up the Iron Curtain. At the time, the Soviet Union was on a — suspect hardcore Brexit supporters Brexiteer lawmakers disagreed and said er and “far from being a subversive nega- criteria is “pretty loose”. — AFP major repatriation drive with immigrants, exiles, “White Russians” who had opposed the Bolsheviks in the Civil War, as well as other refugees from the conflict encour- aged to come back. 18 injured in German Soviet statistics from 1952 say as many as 4.3 million Amsterdam people returned from around the world. “In the end, my father said that he wanted to go ‘home’. But nobody protests for and asked my opinion,” said Stashko, who was a teenager stabbing and working as a seamstress in France. In 1948, the fam- against migrants ily set out from the French port of Marseille to Odessa, suspect had southern Ukraine, with around 2,800 others, according CHEMNITZ: Eighteen people were injured as the anti- to only child Stashko. “We travelled as workers, in third migrant far-right and counter-protesters held opposing class. The people in first and second class took cars with rallies in the German city of Chemnitz, which was hit by terror motive them, their belongings, some of them were leaving xenophobic demonstrations last week. Chemnitz has been behind their businesses in France. “There were doctors, in the spotlight after violent protests erupted over the fatal AMSTERDAM: An Afghan man shot by police at engineers, teachers,” the now widowed mother-of-two stabbing of a German man, allegedly by a Syrian and an Amsterdam’s central station on Friday after stabbing remembers. Iraqi last Sunday. two American tourists had a “terrorist” motive, city But when they arrived, the passengers in the top two On Saturday, thousands of people answered a joint call officials said on Saturday. The suspect, who was iden- classes were immediately confronted with the realities by far-right party AfD and Islamophobic PEGIDA street tified as a 19-year-old Afghan with a German resi- of Joseph Stalin’s regime. “They were arrested and their movement to descend once again on the streets of the for- dence permit, was questioned on Saturday in hospital belongings were confiscated,” Stashko said. Her own mer communist city which was in the erstwhile East where he was being treated for gunshot wounds to family saw their French passports confiscated and they Germany. But an equally large contingent of counter pro- his lower body. were transported in cattle wagons to Belarus. There, her testers, including Green party and Social Democratic Party “First statements made by the suspect indicate he father began work in a Kolkhoz, or collective farm, but MPs, also converged to take a stand against racism. had a terrorist motive,” Amsterdam city council said he was sentenced to a year in prison for “subversion” According to police estimates, more than 11,000 CHEMNITZ: Police move in water cannons during in a statement. German police searched the man’s after an argument with the leader of the collective. demonstrators turned up for the separate protests. Local protests by right wing demonstrators on August 27, house at the request of their Dutch colleagues and “During that time, we tried just to keep our heads down. police, backed up by officers from across Germany, were 2018 in Chemnitz, eastern Germany, following the death seized several data carriers, the authorities said. The I used to send letters to France but then I stopped out in force to keep both sides from clashing. But as the of a 35-year-old German national who died in hospital suspect, who is being held in solitary confinement, will because we were scared.” rallies cleared, scuffles took place among small groups. after a “dispute between several people of different be brought before a judge on Monday to decide SPD MP Soeren Bartol said on Twitter that his group from nationalities”, according to the police. — AFP whether he should remain in custody. One last journey home Marburg were “attacked by Nazis” while they were head- The two people injured in the incident were US Thanks to a sewing machine brought with them from ing for the bus. citizens, the US ambassador to the Netherlands said France, which they were miraculously able to keep, the “All SPD flags destroyed and some were also physically Hosen leads a free concert against racism. Foreign Minister in a statement on Saturday. Ambassador Pete family earned enough to survive on meager post-war attacked,” he wrote, adding that police had arrived swiftly Heiko Maas called on Germans to take a stand against Hoekstra said the pair were tourists visiting the city. rations. Up until the 1970s, Stashko would make dresses to halt the assault. In all, 18 people were injured, including xenophobia. “We have to get up from our sofas and open They remained in hospital on Saturday with serious in the French 1940s style. In 1973, the French state three police officers, said in a statement Sunday, doubling our mouths,” he told Bild am Sonntag, stressing that “all of injuries, local police said. Earlier this week, Dutch tracked down her father and gave him a comfortable their earlier injury estimate. Police are also examining at us have to show the world that we democrats are the police arrested a 26-year-old man suspected of pension for his work in the mines, which then passed to least 37 possible offences, including bodily harm, property majority and the racists are the minority.” “The silent threatening to attack far-right politician Geert his wife when he died. But after the Soviet Union broke damage and resistance against law enforcement officers. majority must get louder,” he said. Wilders over his plan to hold a contest of cartoons up in the early 1990s, the link to France was lost again. Away from Chemnitz city centre, a 20-year-old Afghan The tensions in Chemnitz have underlined the divisions depicting Islam’s Prophet Mohammad. In January this year, the Belarussian press picked up the man suffered light injuries after he was assaulted by four in Germany over Chancellor Angela Merkel’s decision Wilders on Thursday cancelled the contest citing family’s story, and in the summer, Stashko was invited to masked men. Police said they were investigating if the per- three years ago to keep Germany’s borders open to asy- security risks, as thousands of people in Pakistan the French Embassy in Minsk with a dozen other “chil- petrators counted among demonstrators. lum seekers, many fleeing war in Syria and Iraq. marched in protest of his plan, while the Taliban in dren of France” and their descendents. The ambassador Misgivings run particularly high in Saxony state, where Afghanistan called for attacks on Dutch troops serv- promised the former seamstress one last journey to the ‘Get up from our sofas’ Chemnitz is located, over the arrival of more than a million ing in the country. The National Coordinator for village where she was born in the north of the country. Two smaller demonstrations are planned for Sunday. asylum seekers since 2015. The far-right AfD party has Counter-terrorism and Security Policy said the But, at almost 90, there is no guarantee Stashko will be One is titled “Chemnitz residents sending a democratic won strong support in the region through its campaign national threat level in the Netherlands was able to make the trip. “I would love to go back to the signal against violence and xenophobia” while the second against migrant arrivals, and surveys suggest that it is unchanged at “substantial”, or one notch below the country and find our house again. And maybe see Paris is organised by the Protestant church. Another major event poised to become Saxony’s second biggest party in next highest. — Reuters — I’ve never seen Paris,” she said. — AFP is expected today, when German punk band Die Toten year’s regional elections. — AFP 9 International Monday, September 3, 2018 US commando takes helm of forces in Afghanistan The handover comes at a sensitive time in the 17-year war
KABUL: General Scott Miller took command of US and secretive Joint Special Operations Command (JSOC) NATO forces in Afghanistan yesterday, as worsening and has lengthy experience working with some of violence erodes hopes for peace in the war-torn coun- America’s most elite fighters. Nicholson, who will return try. Miller, who has commanded special operations units to the Pentagon, is the longest-serving US commander in Afghanistan since 2013, succeeds General John of NATO and American Forces in Afghanistan. Nicholson, who is rotating out of the post after more There had been concerns that militants would than two years. shower Kabul with mortar or rocket fire to spoil yes- The handover comes at a sensitive time in the 17- terday’s handover, as they did during Afghan President year war that has seen little progress by Afghan or US Ashraf Ghani’s speech on the first day of the Eid Al- forces against the Taleban, Afghanistan’s largest mili- Adha holiday last month. But the ceremony passed off tant group. Afghan and uninterrupted. Miller takes international players have up his new role more than a been ratcheting up efforts to year after US President hold peace talks with the Donald Trump unveiled his Taleban, which was toppled Afghanistan strategy, which from power by US-led increased the US troop forces in 2001. There’s no room presence and now includes An unprecedented cease- a renewed push to bring fire in June followed by talks for status quo the Taleban to the negoti- between US officials and ating table. Taleban representatives in But there are fears that Qatar in July fuelled hopes Trump is growing frustrated KABUL: Incoming General Scott Miller (C), commander of US and NATO forces in Afghanistan gestures as he speaks that negotiations could bring with the pace of progress in during a change of command ceremony at Resolute Support. — AFP an end to the fighting. But a recent spate of attacks by the country. The Taleban have long insisted on direct Taleban and the smaller but potent Islamic State group talks with Washington and refused to negotiate with the that left hundreds of security forces and civilians dead Afghan government, which they see as illegitimate. several people killed in the strike. IS first emerged in first US troops to arrive in 2001 as part of the campaign has almost extinguished that optimism. There is speculation that another meeting between US Afghanistan around 2014. Currently there are about to topple the Taleban following the Sept. 11 attacks in “This is a tough fight,” Miller acknowledged during and Taleban representatives could be held this month. 14,000 US troops in Afghanistan, providing the main the United States. an outdoor change of command ceremony in Kabul “We know the military component is only one part of component of the NATO mission there to support and Almost a decade later, he served during the “surge” attended by top Afghan officials and foreign diplomats. this conditions-based strategy,” Miller said. train local forces. ordered by President Barack Obama, which saw more “There’s no room for status quo, we cannot afford to be He added that it was necessary to “create space for than 100,000 NATO troops in Afghanistan in a bid to complacent. We must be aware of bias and easy conclu- the political process” to end the war. Separately, Miller Longest War crush the insurgency, as well as in 2013-14 as most sions-they don’t exist here.” In a WhatsApp message to confirmed in a statement that a US airstrike in the east- Like Nicholson, Miller spent years in Afghanistan international troops were withdrawn. Washington has reporters, Taleban spokesman Zabihullah Mujahid ern province of Nangarhar on August 25 killed the before assuming command of US and coalition forces accepted that a purely military victory is not possible warned Miller would “fail like the other commanders”. leader of the Islamic State group in Afghanistan. Abu there and his career has followed the different stages of and has focused on forcing the Taleban to the negotiat- For the past two years Miller has headed up the Saad Orakzai, also known as Saad Arhabi, was among what is now America’s longest war. He was among the ing table. — Agencies
Climate change ‘greatest threat’ ‘Australia’s In unprecedented restrictions, the government has warned visiting journalists covering the PIF it will revoke their visas if they report on the asylum-seeker issue. “You Guantanamo’ looms are only authorized to report on, or take photos or videos of the PIF. Any other subjects must be approved by the RON China police arrest (Republic of Nauru),” it said. over Pacific summit Such heavy handed tactics have only taken the spotlight off other concerns raised by PIF members in the lead-up to 46 after protest the summit-chief among them climate change. “Climate NAURU: Pacific leaders meet in Nauru to discuss regional change represents the single greatest threat to the liveli- over schooling challenges this week, with the host nation keen to deflect hoods, security and wellbeing of our people,” PIF Secretary attention from its Canberra-funded migration detention General Meg Taylor said. camp dubbed “Australia’s Guantanamo” by critics. Official Some of the PIF’s small island nations fear they will sink BEIJING: Police in central China said yesterday they talks at the 18-nation Pacific Islands Forum (PIF) will centre beneath rising seas, while others are regularly battered by arrested nearly 50 people after a violent protest on the threat climate change poses to island states and devastating storms fuelled by the changing climate. A major sparked by dissatisfaction with the local school sys- China’s rising influence in the region. aim of this year’s summit is establishing a $1.5 billion fund to tem. More than 600 protesters gathered outside a But the presence of the detention centre looms large as help the region respond to climate change, as well as disas- NAURU: Locals attend a game of Australian Rules police station in Leiyang city in Hunan province the four-day meeting opens today, amid calls from rights ters such as earthquakes. Known as Biketawa Plus, it would football in Aiwo on the Pacific island of Nauru on around midnight Saturday after security personnel groups such as Amnesty International to close a facility it be used to strengthen essential infrastructure such as hospi- September 1, 2018. — AFP stopped a protest earlier in the day, police said in a calls “a stain on the region”. “Pacific island leaders cannot tals, power stations and ports that are vulnerable in disasters. statement on their website. ignore this issue any longer and need to ensure that it is at It will also cement existing security arrangements involv- They said they arrested 46 people who “attacked” the very top of the forum’s agenda,” Amnesty said after ing the PIF’s largest members, Australia and New Zealand. Ardern has not ruled out visiting the camp while she is in the station, throwing bottles and bricks at local officials releasing an open letter co-signed with 80 other non-gov- Reports in Australia said the move was seen as a way to Nauru. “I have a hope, an expectation at least, that I will at attempting to address the crowd. Many cars had been ernmental organizations. counter China’s influence in the region, which has grown dra- least be given an opportunity to be exposed to some of the destroyed, the statement added. Apparent videos of the The camp houses around 220 asylum-seekers, including matically in recent years as its foreign aid programme has issues around refugees on the island,” she told reporters. protests on Twitter showed an angry crowd violently more than a dozen children, who have tried to reach expanded. Canberra and Wellington have boosted their “What form that takes is not yet clear.” Ardern’s newly clashing with police in riot gear. AFP could not inde- Australia by boat. Under Canberra’s hardline immigration Pacific aid contributions in response and will be working installed Australian counterpart, Scott Morrison, has decided pendently confirm the video. Trouble began after par- policies, such people are processed in remote facilities on frantically on the sidelines of the summit to ensure they main- against attending the summit after taking power in the wake ents of some middle school students were told they Nauru and Papua New Guinea to prevent them setting foot tain support in a region they regard as their backyard. Other of a bitter internal revolt that ended Malcolm Turnbull’s would have to move their children into dormitories at a on the Australian mainland. The UN Human Rights issues on the table include fighting obesity in the world’s fat- tenure as leader. Lowy Institute foreign policy specialist local private school, resulting in a dramatic increase in Commission says they face indefinite detention, labeling their test region and managing economically important tuna Euan Graham said Morrison’s absence risked undermining tuition fees, according to posts on Chinese social media. treatment “harsh and cruel”. However, Australia says offshore stocks. Yet in a country with an area of just 21 square kilome- Australia’s bid to revive its diplomatic ties in the Pacific. Additionally, commenters complained that unsafe processing is needed to stop the deaths that occur when ters — the world’s smallest island nation-it will be difficult for “Downgraded representation at the PIF would be especially levels of formaldehyde had been detected in some people-smugglers cram asylum-seekers into rickety boats delegates to ignore the asylum-seeker camp. One visitor who damaging, given that the point of Canberra’s ‘step up’ in the middle schools’ newly renovated dormitories. Posts for the treacherous sea voyage. The camp is an economic has taken a keen interest in the refugees is New Zealand Pacific is all about demonstrating momentum behind about the incident had been removed from Chinese lifeline for Nauru, which has a population of 11,000 and Prime Minister Jacinda Ardern, whose offer to accept 150 of Australia’s renewed commitment to the region,” he told the social media by yesterday afternoon but were pre- scant natural resources. them has been rejected by Australia and Nauru. Australian Broadcasting Corporation. — AFP served by the anti-censorship website Free Weibo. In a statement on its website, the local education depart- ment said it would test the dorms’ formaldehyde levels immediately. Violent protests are not uncommon in Bangkok struggles China, where citizens have limited channels for addressing their frustrations with government. Kathmandu airport Problems affecting children’s health and education are to stay afloat with particularly sensitive subjects in the country, where scare after plane government policy for decades limited parents to only rising sea levels one child. —AFP skids off runway BANGKOK: As Bangkok prepares to host climate-change talks, the sprawling city of more than 10 million is itself KATHMANDU: Nepal’s only international air- under siege from the environment, with dire forecasts Malaysia seeks port had to be closed for some 11 hours after a warning it could be partially submerged in just over a domestic aircraft skidded off the recently decade. A preparatory meeting begins Tuesday in pair to testify in repaired runway, officials said yesterday. The Thailand’s capital for the next UN climate conference, a Jetstream 41 was flying in to Kathmandu from BANGKOK: This file photo taken on November 10, crunch summit in Poland at the end of 2018 to set rules on 2011 shows aircraft on a flooded tarmac at the Don Nepalgunj in southern Nepal late Saturday with reducing greenhouse emissions and providing aid to vul- Muang airport in Bangkok, when the year’s monsoon Kim murder trial 21 passengers onboard when it suffered a run- nerable countries. way excursion before coming to a halt onto the As temperatures rise, abnormal weather patterns-like season brought the worst floods in decades with a adjoining grassland. more powerful cyclones, erratic rainfall, and intense fifth of the city under water. — AFP KUALA LUMPUR: Malaysian police are seeking two Nobody was hurt in the incident but incom- droughts and floods-are predicted to worsen over time, Indonesian women to appear as witnesses in the trial of ing and outgoing flights to Nepal’s sole interna- adding pressure on governments tasked with bringing the victim of its own frenetic development. Making things the murder of Kim Jong-nam, the estranged half-brother tional air gateway were diverted while authori- 2015 Paris climate treaty to life. Bangkok, built on once- worse, the canals which used to traverse the city have now of the North Korean supreme leader. A Saturday police ties tried to remove the aircraft, which had marshy land about 1.5 meters above sea level, is projected been replaced by intricate road networks, said Suppakorn statement said Raisa Rinda Salma, 24, and Dessy become stuck in mud. The airport reopened at 8 to be one of the world’s hardest hit urban areas, alongside Chinvanno, a climate expert at Chulalongkorn University in Meyrisinta 33, had their last address recorded at a hotel in am yesterday after the aircraft was moved. The fellow Southeast Asian behemoths Jakarta and Manila. Bangkok. “They had contributed to a natural drainage sys- the city of Ampang just outside Kuala Lumpur and that incident comes amid mounting safety concerns “Nearly 40 percent” of Bangkok will be inundated by tem,” he said, adding that the water pathways earned the they could not be reached. over cracks on the runway’s surface, which was as early as 2030 due to extreme rainfall and changes in city the nickname ‘Venice of the East’. Shrimp farms and It called for anyone who knew the two women or had repaired only recently. weather patterns, according to a World Bank report. other aquacultural development-sometimes replacing information about them to contact the authorities. Police “An investigation committee will look into the Currently, the capital “is sinking one to two centimeters a mangrove forests that protected against storm surges- did not give any indication of what the two women might year and there is a risk of massive flooding in the near cause of the incident. Other flights have safely have also caused significant erosion to the coastline near- have witnessed or how they could help shed light on the future,” said Tara Buakamsri of Greenpeace. Seas in the est the capital. This means that Bangkok could be penned case. Siti Aisyah from Indonesia and Doan Thi Huong from landed, we don’t believe the runway was an nearby Gulf of Thailand are rising by four millimeters a in by flooding from the sea in the south and monsoon Vietnam are the two women accused of smearing the toxic issue,” the airport’s general manager Raj Kumar year, above the global average. The city “is already largely floods from the north, said Chinvanno. nerve agent VX on Kim at a busy Malaysian airport, killing Chettri told AFP. Nepal has a poor air safety under sea level”, said Buakamsri. record and Nepal-based airlines are banned “Specialists anticipate more intense storms in this him in February last year in a Cold War-style hit that In 2011, when the monsoon season brought the worst region in the years to come.” Narong Raungsri, director of from flying in European Union airspace. In April floods in decades, a fifth of the city was under water. The shocked the world. a Malaysian jet with 139 people on board abort- Bangkok’s Department of Drainage and Sewage, admitted They were arrested shortly after Kim was assassinated business district was spared thanks to hastily constructed that the city’s “weaknesses” stem from its small tunnels ed its takeoff and skidded off the runway. In as he waited to board a flight to Macau. Kim, who had dikes. But the rest of Thailand was not so fortunate and the and the hyper-development of neighborhoods. “What used lived in exile for years, was once seen as an heir to the March, a US-Bangla Airways plane crashed near death toll passed 500 by the end of the season. Experts to act as water basins are now no more,” Raungsri said. North Korean leadership and rival to current leader Kim the airport, killing 51 people. The Himalayan say unchecked urbanization and eroding shorelines will “Our system can only handle so much-we need to enlarge nation has some of the world’s most remote and leave Bangkok and its residents in a critical situation. it.” Today, the government is scrambling to mitigate the Jong-un. A Malaysian court ruled in mid-August that there tricky runways, flanked by snow-capped peaks effects of climate change, constructing a municipal canal was sufficient evidence to support a murder charge with approaches that pose a challenge for even ‘Venice of the East’ network of up to 2,600 kilometers with pumping stations against the pair. The trial is set to resume in November accomplished pilots. —AFP With the weight of skyscrapers contributing to the and eight underground tunnels to evacuate water if disas- with Siti, 26, set to take the stand when proceedings start, city’s gradual descent into water, Bangkok has become a ter strikes. —AFP followed by Doan, 30, in January. —AFP 10 Established 1961
Monday, September 3, 2018 Analysis
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Aid cuts embolden Israel but hurt the peace prospects S President Donald Trump’s swingeing cuts to aid for Palestinians will advance Israel’s interests but Urisk compromising a US-led peace push and raise tensions in the Middle East, analysts and diplomats said Saturday. The US administration announced Friday it would no longer provide any funding to the United Nations agency for Palestinian refugees (UNRWA), a week after cutting over $200 million (170 million euros) in separate aid to Palestinians. They were the latest in a series of controversial moves by the Trump administra- tion that have thrilled Israel’s government but caused shock and dismay among international powers and Palestinians, making their dream of an independent state more distant than ever. The cuts come as the international community seeks In Venezuela, new cryptocurrency is nowhere to be found to reach an agreement to deliver significant humanitarian aid to the poverty-stricken Gaza Strip, where most resi- dents rely on external handouts. The US has long been o hear Venezuela’s leftist President petro to the price of one barrel of Venezuelan the largest single donor to UNRWA, providing more Nicolas Maduro tell it, this remote ham- oil - currently around $66 - and promised to than $350 million a year. The agency provides support Tlet of 1,300 souls is perched on the cut- back it with crude reserves located in a 380- to Palestinians who fled their homes in the 1948 war sur- ting edge of an innovation in cryptocurrency. square-kilometer area (147 square miles) sur- rounding the creation of Israel, as well as their descen- Located in an isolated savanna in the center of rounding Atapirire. US President Donald dants. Israel and the US object to the fact that the country, Atapirire is the only town in an Trump in March banned Americans from buy- Palestinians can pass refugee status to their children, and area the government says is brimming with 5 ing or using the petro. Analysts are skeptical of want the number of refugees covered by UNRWA to be billion barrels of petroleum. Venezuela has Maduro’s claims that the petro has already sharply reduced. pledged those reserves as backing for a digital brought in billions in hard currency. They say The Palestinians accuse the US of blatant bias and of currency dubbed the “petro,” which Maduro digital records associated with the initial coin seeking to strip them of their rights. A week earlier, the US launched in February. This month he vowed it offering, or ICO, do not provide enough infor- government ended Palestinian funding by USAID, which would be the cornerstone of a recovery plan mation to determine how much, if anything, has amounted to more than $200 million a year. In December, for the crisis-stricken nation. actually been raised. the US recognized Jerusalem as Israel’s capital, breaking But Atapirire residents say they have seen “This certainly doesn’t look like a typical decades of international consensus that the status of the no efforts by the government to tap those ICO, given the low level of transaction activity,” disputed city should be negotiated between Israelis and reserves. And they have little confidence that said Tom Robinson, chief data officer and co- Palestinians. The May opening of the US embassy in the their struggling village has a front-row seat to founder of Elliptic, a London-based blockchain city triggered Palestinian protests that saw dozens of a revolution in finance. “There is no sign of that data company. “We have found no evidence demonstrators in Gaza shot dead by Israeli forces. petro here,” said homemaker Igdalia Diaz. She that anyone has been issued a petro, nor of it A European diplomat said Saturday the US moves, tak- launched into a diatribe about her town’s being actively traded on any exchange.” A visit PACARAIMA: Venezuelan refugees walk out the Brazilian Immigration Point in en in conjunction with an American pledge to veto any crumbling school, pitted roads, frequent black- by Reuters to the area around Atapirire, mean- the border city of Pacaraima, Roraima, Brazil. Residents of Pacaraima drove out motions criticizing Israel at the UN Security Council, were outs and perpetually hungry citizens. while, showed little oil-industry activity. The Venezuelan immigrants from their improvised camps, amid growing regional emboldening Israel’s government, considered the most It turns out that Venezuela’s petro is hard to only visible rigs were small and aging machines tensions. —AFP right-wing in the country’s history. Israel is increasingly spot almost anywhere. Over a period of four installed years ago. Several were abandoned convinced it has a free hand to accelerate settlement months, Reuters spoke with a dozen experts on and covered in weeds. cryptocurrencies and oil-field valuation, trav- In an opinion piece posted August 19 on growth and even advocate for annexing parts of the West ledgers to show each individual purchase of Three other major exchanges - San Bank, the diplomat said. Alan Baker, a former Israeli diplo- eled to the site of the pledged oil reserves and Aporrea, an online Venezuelan commentary scoured the coin’s digital transaction records in and analysis site, former Oil Minister Rafael the new currency. That gives potential Francisco-based Coinbase, Seattle-based mat-turned-analyst, said the government would be thrilled investors a sense of how much money is flow- Bittrex and San Francisco-based Kraken - by the aid cuts. “The UNRWA thing is very logical as it an effort to learn more. The hunt turned up lit- Ramirez estimated it would take at least $20 tle evidence of a thriving petro trade. The coin billion in investment to tap the reserves, money ing in, and provides a relative gauge of declined to comment or did not respond to has become an anachronistic organization - maintaining demand. The Venezuelan government, in con- questions as to why they have not listed the the refugee status rather than trying to solve it.” is not sold on any major cryptocurrency that Venezuela’s troubled state-owned oil com- exchange. No shops are known to accept it. pany PDVSA does not have. “The petro is trast, has not provided a purchase registry. petro. Maduro on April 26 announced that 16 The few buyers Reuters could locate were being set at an arbitrary value, which only The petro’s “white paper,” a public docu- exchanges had been “certified” to trade the No leverage with Palestinians ment that describes the conditions of the offer petro, adding “they begin operating as of Baker said the aim of the cuts was also to force the those who had posted about their experiences exists in the government’s imagination,” on online cryptocurrency forums. None would Ramirez wrote. He oversaw the nation’s oil to prospective buyers, says the principal plat- today.” Most are little-known in the crypto Palestinians back to the negotiating table, though others form for the coin is NEM - a decentralized world. Reuters could not locate seven of the said that was unlikely. Trump’s team, led by his son-in-law identify themselves. industry for a decade under late President One complained of being “scammed.” Hugo Chavez. Ramirez is now in exile in an blockchain network promoted by a Singapore- exchanges, which had no internet presence. Jared Kushner and Middle East envoy Jason Greenblatt, based non-profit. Owners of NEM accounts Seven others did not respond to requests for has been pushing for what the US leader has called the Another told Reuters he had received his undisclosed location after being accused of tokens without problem; he blamed US sanc- corruption by the Venezuelan government, are anonymous, but can disclose their identities comment. “ultimate deal”, but the Palestinians have boycotted his in the description of their coins if they wish. In Italcambio, an established Venezuelan cur- administration since its Jerusalem announcement. The cuts tions against Venezuela and “awful press” for allegations he denies. PDVSA did not respond hurting the petro’s debut. Senior government to an email seeking comment. March, a NEM account claiming to be operat- rency exchange that Maduro said would trade mean the US is providing very little aid to Palestinians, ed by the Venezuelan government issued 82.4 the coin, does not manage or sell petros, its and another European diplomat said the move weakened officials have given contradictory statements. Maduro says petro sales have already raised ‘We got scammed’ million tokens as part of an ICO associated president Carlos Dorado said in an emailed Trump’s hand. “When you have no money left to threaten with a digital coin described as the petro. response to Reuters. The only exchange that them with, you have reduced your leverage,” he said. $3.3 billion and that the coin is being used to In contrast to buyers of well-known cryp- pay for imports. But Hugbel Roa, a cabinet tocurrencies such as Bitcoin or Ethereum, Those appeared to correspond to a set of has publicly discussed plans to list the petro is Palestinian economist Nasser Abdel Kareem told AFP “preliminary” coins described in the white India’s Coinsecure. In an interview with the cuts would hurt Palestinians but have little impact on minister involved in the project, told Reuters on holders of petros are difficult to find. One gath- Friday that the technology behind the coin is ering place is an online cryptocurrency forum paper that buyers could later swap for petros Reuters earlier this month, CEO Mohit Kalra the government. Unlike some European states, the US does once the ICO was complete. said Coinsecure within two months would pro- not provide direct budgetary support to the Palestinian still in development and that “nobody has been called Bitcointalk, where enthusiasts began able to make use of the petro ... nor have any posting messages in early 2018. Some initial Around 2,300 of those tokens were trans- vide Venezuela with an exchange for trading Authority. The only part of US funding that goes directly to ferred to 200 anonymous accounts in small petros, along with technology to operate it, and the PA - for security coordination with Israel - was not cut. resources been received.” posts were bullish. But that optimism soured as The Superintendence of Cryptoassets, the time went on. Several participants groused quantities in early May, NEM records show. that Venezuela would pay royalties for its use. The cut “will not harm the treasury of the Palestinian That time frame is consistent with comments Kalra did not answer calls seeking additional Authority,” Kareem said. Nadia Hijab, president of the government agency that oversees the petro, is about a lack of information and delays in get- a mystery. Reuters recently visited the ting their coins. One complained of being posted by participants on the Bitcointalk forum information. Palestinian think tank Al-Shabaka, said returning to negoti- who said they were buying petros. If sold at ations would be extremely unpopular among Palestinians. Finance Ministry, where the Superintendence unable to transfer or sell the tokens. “As of now is supposed to be housed, but was informed yes we got scammed, time will tell if it was a the price set by Maduro based on oil prices at What is a petro? But she fears that with full US support, Israel will have the time, the sale of those tokens could have Oil is the heart of Venezuela’s economy. In free reign to increase settlement growth. “If the PA goes by a receptionist that it “does not yet have a good investment or not,” a forum participant physical presence here.” The identified as cryptoviagra wrote on June 25. raised about $150,000, according to Reuters’ choosing to back its petro with petroleum, the back and talks to the Americans it is giving them a green calculations. In April, another anonymous NEM country has joined a small but growing number light to do whatever they want to do, and if they don’t go Superintendence’s website is not functioning. Another buyer, the only one to respond to Its president, Joselit Ramirez, did not respond questions from Reuters, said via social-media account issued a different set of tokens that it of cryptocurrency issuers linking the value of back, they are going to do what they want to do,” she described as part of a separate phase of the their tokens to physical commodities. The said. “At the moment it is a lose-lose situation.” Hugh to messages on his personal social media messages that his experience purchasing pet- accounts. Phone calls to the Industry Ministry, ros “worked pretty well overall.” He blamed the petro aimed at major investors. Royal Mint, which produces coins for the Lovatt, of the European Council on Foreign Relations, That account in June transferred a total of United Kingdom, in 2017 announced a gold- agreed. “If anything, the Palestinians will now double which oversees the agency, went unanswered. U.S. ban for depressing petro sales, along with around 13 million tokens to about a dozen backed digital coin called RMG. Other tokens down on their current approach, which is to boycott the The Information Ministry did not reply to what he considered negative media coverage. anonymous accounts, NEM records show. The have emerged that are backed by diamonds. US administration and attack the yet-to-be unveiled US emails seeking comment. He asked that his name be withheld because he sale of those tokens could have raised about The big difference is those cryptocurren- peace plan,” he said. Maduro added to the confusion this month feared “persecution” by the US government, by announcing that salaries, pensions and the adding that “I don’t consider Reuters to be a $850 million at official prices. But there is no cies are tied to physical assets that can be exchange rate for Venezuela’s decimated cur- honest news organization.” Reuters could not way to verify that those were sales, and no readily traded. In contrast, Maduro promised Regional fears that the petro would be backed by oil reserves Hijab and many Palestinians do not believe the US is rency, the bolivar, are now pegged to the petro. independently confirm whether any forum par- large investors have admitted to taking a posi- That move stirred bewilderment on Venezuela’s ticipants had invested in the petro. tion in the petro. Roa, the higher education that still lie deep underground near Atapirire seeking to get the Palestinian leadership back to the table. in a bloc known as Ayacucho I. The govern- Instead, she said, they believe the US is trying to help streets and among economists and cryptocur- Cryptocurrencies gained popularity over minister, oversees a state agency called the rency experts who say the petro-bolivar tether the last decade, led by proponents who said Venezuelan Blockchain Observatory. He ment says the area holds 5.3 billion barrels, Israel “end the conflict on its terms and legalise its occu- citing an “independent international certifica- pation”. That would mean stripping refugees across the is unworkable. “There is no way to link prices they would lower financial transaction costs, appeared to validate analysts’ suspicions that or exchange rates to a token that doesn’t trade, give citizens alternatives to commercial banks the petro, at present, doesn’t exist as a func- tion agency.” PDVSA did not answer an email region of their rights, specifically the idea they could one seeking details. No matter how much oil it day return to historic Palestine. In both Jordan and precisely because there is no way to know and protect them from inflation induced by tioning currency. what it actually sells for,” said Alejandro central-bank policies. Transactions are validat- Reuters spoke with him briefly on the holds, the area lacks crucial infrastructure to Lebanon, Palestinian refugees have fewer rights than citi- get it out of the ground, including roads, zens and rely on UNRWA services for education, health- Machado, a Venezuelan computer scientist and ed by a network of computers and recorded on sidelines of a petro event in Caracas last cryptocurrency consultant who has closely fol- a public ledger called a blockchain. Individual week. Roa described the NEM transactions pipelines and power generation, said Francisco care and other basic services. Monaldi, a native of Venezuela who now teach- In Gaza, run by the Islamist movement Hamas, the lowed the petro. operations are available for anyone to see on as “early models,” adding that Venezuela was The chaos speaks to the desperation and the internet, but the identities of those involved now working on its own blockchain technol- es Latin American energy policy at Rice majority of the two million residents are refugees, mean- University in Houston. “There is no investment ing the UNRWA cuts will hit particularly hard. Job losses disorganization that are gripping Maduro’s are kept secret. The operations are secured by ogy. He said buyers have made “reserva- government as Venezuela melts down. The cryptography, the computerized encoding and tions” to purchase petros, but that no coins plan for this area and no reason to think it for a few hundred of the agency’s staff have already would be developed before other fields with sparked major protests. The Gaza Strip suffers from des- petro was supposed to help his administration decoding of data. have been released. What is clear is that the weather the hyperinflation that has rendered Fevered purchases of crypto assets in 2017 petro does not trade on any major cryp- better conditions,” he said. Just locating the perate poverty and is largely sealed off by both Israel and bloc requires significant effort. PDVSA its other land neighbor, Egypt. Hamas and Israel have the bolivar all but worthless. He vowed that a drove Bitcoin’s price to nearly $20,000. Its tocurrency exchange. Hong Kong-based cryptocurrency, which allows financial opera- success fueled a wave of coin offerings by oth- Bitfinex, one of the world’s largest exchanges employees who agreed to take a reporter there fought three wars since 2008. Some in the Israeli security confused it with a different bloc. Reuters had services quietly express concern that immediate cuts to tions to be carried out anonymously, would er startups, including scams that raised millions by volume, in March said it never intended to enable Venezuela to undermine U.S. financial of dollars before being broken up by authori- list the petro due to its “limited utility.” It to map Ayacucho I with GPS software using UNRWA could increase tensions with Israel in Gaza and coordinates published by the government as the West Bank. —AFP sanctions and raise hard currency. ties. Cryptocurrency issuers seeking to provide officially banned the token from its platform The government pegged the value of the transparency in fundraising use blockchain following US sanctions. part of the petro’s creation. —Reuters Established 1961
MONDAY, SEPTEMBER 3, 2018 Business
Dollar edges lower as trade tensions MTN affair casts shadow over Huawei launches Kirin 980, 12ease; US in NAFTA deal with Mexico 13 Nigeria’s troubled economy 14 first commercial 7nm SoC
The ‘One Belt, One Road’ initiative, unveiled by Xi in 2013, envisages linking China with Africa, Asia and Europe through a network of ports, railways, roads and industrial parks. — AFP China’s ‘Silk Road’ project runs into debt jam Xi says project is ‘open and inclusive’, but some countries begin to grumble BEIJING: China’s massive and expanding “Belt and Road” country’s ability to repay Chinese loans related to the mul- take a more jaundiced eye on these projects.” ‘Not a free lunch’ trade infrastructure project is running into speed bumps as ti-billion-dollar China-Pakistan Economic Corridor. The huge endeavor brings much-needed infrastructure China bristles at criticism. At a daily press briefing on some countries begin to grumble about being buried Meanwhile the exiled leader of the opposition in the improvements to developing countries, while giving China Friday, foreign ministry spokeswoman Hua Chunying under Chinese debt. First announced in 2013 by President Maldives, Mohamed Nasheed, has said China’s actions in destinations to unload its industrial overcapacity and facil- denied that Beijing was saddling its partners with onerous Xi Jinping, the initiative also known as the “new Silk Road” the Indian Ocean archipelago amounted to a “land grab” ities to stock up on raw materials. debt, saying that its loans to Sri Lanka and Pakistan were envisions the construction of railways, roads and ports and “colonialism”, with 80 percent of its debt held by But a study by the Center for Global Development, a only a small part of those countries’ overall foreign debt. across the globe, with Beijing providing billions of dollars Beijing. Sri Lanka has already paid a heavy price for being US think-tank, found “serious concerns” about the sus- “It’s unreasonable that money coming out of Western in loans to many countries. highly indebted to China. tainability of the sovereign debt in eight countries receiv- countries is praised as good and sweet, while coming out Five years on, Xi has found himself defending his treas- Last year, the island nation had to grant a 99-year lease ing Silk Road funds. of China it’s sinister and a trap,” she said. ured idea as concerns grow that China is setting up debt on a strategic port to Beijing over its inability to repay Those were Pakistan, Djibouti, Maldives, Mongolia, Stevenson-Yang said China’s loans are quoted in dollar traps in countries which may lack the means to pay back the loans for the $1.4-billion project. Laos, Montenegro, Tajikistan and Kyrgyzstan. terms, “but in reality they’re lending in terms of tractors, Asian giant. “It is not a China club,” Xi said in a speech on The cost of a China-Laos railway project — $6.7 bil- shipments of coal, engineering services and things like Monday to mark the project’s anniversary, describing Belt ‘Ambiguous partner’ lion-represents almost half of the Southeast Asian coun- that, and they ask for repayment in hard currency.” and Road as an “open and inclusive” project. Xi said China’s “China does not have a very competent international try’s GDP, according to the study. In Djibouti, the IMF has Standard & Poor’s said Beijing structures the infrastruc- trade with Belt and Road countries had exceeded $5 trillion, bureaucracy in foreign aid, in expansion of soft power,” warned that the Horn of Africa country faces a “high risk ture projects as long-term concessions, with a Chinese with outward direct investment surpassing $60 billion. Anne Stevenson-Yang, co-founder and research director of debt distress” as its public debt jumped from 50 per- firm operating the facility for a period of 20 to 30 years But some are starting to wonder if it is worth the cost. at J Capital Research, told AFP. cent of GDP in 2014 to 85 percent in 2016. while splitting the proceeds with the local counterpart or During a visit to Beijing in August, Malaysia’s Prime “So not surprisingly they’re not very good at it, and it Africa has long embraced Chinese investment, helping government. The head of the International Monetary Fund, Minister Mahathir Mohamad said his country would shelve brought up political issues like Malaysia that nobody make Beijing the continent’s largest trading partner for the Christine Lagarde, raised concerns about potential debt three China-backed projects, including a $20 billion rail- anticipated,” she said. “As the RMB (yuan) becomes weak- past decade. On Monday, a number of African leaders will problems in April and advocated greater transparency. “It’s way. The party of Pakistan’s new prime minister, Imran er, and China is perceived internationally as a more gather in Beijing for a summit focused on economic ties not a free lunch, it’s something where everybody chips in,” Khan, has vowed more transparency amid fears about the ambiguous partner, it’s more likely that the countries will which will include talks on the “Belt and Road” program. she said. — AFP RBS says ‘planning ‘If it is willing’ Trump threatens The US and Mexico had announced a breakthrough for worst’ in Brexit accord on Monday, potentially leaving Canada out in the cold, but Ottawa’s foreign minister Chrystia Freeland LONDON: The Royal Bank of Scotland warned yesterday to exclude Canada insisted that a “win-win-win” agreement was within reach. that it is planning “for the worst” amid increased talk of no The White House notified Congress on Friday of its deal over Brexit. Chief executive Ross McEwan said RBS from NAFTA deal “intent to sign a trade agreement with Mexico-and is setting up a new European subsidiary in Amsterdam to Canada, if it is willing — 90 days from now.” The White serve customers on the continent, but is awaiting for WASHINGTON: US President Donald Trump on House now has 30 days to present the full text of a new approval of its licenses. Saturday threatened to exclude Canada from a new agreement to Congress, which will give Ottawa and With Britain and the European Union yet to agree on NAFTA agreement after negotiations to rewrite the pact Washington time to iron out differences. Trump’s caution what their future relationship should look like, McEwan ended without an agreement the night before. to Congress to “not interfere with these negotiations” told the BBC that RBS may lose business without a deal. But the plan calls for looser ties in banking and “There is no political necessity to keep Canada in the appeared to refer to one potential obstacle: the fact that “If we don’t get the right licenses, and we don’t get financial services, which the City of London said would new NAFTA deal. If we don’t make a fair deal for the U.S. lawmakers have empowered him to reach a so-called them in time, that could create major problems for our deal a “real blow” for the hugely important sector. after decades of abuse, Canada will be out,” he tweeted. “fast track” agreement with both NAFTA partners, not customers and for the bank,” McEwan said. “We are plan- May’s vision has also attracted fierce opposition from “Congress should not interfere with these negotia- just Mexico. ning, unfortunately, for the worst.” her own ruling Conservatives, who think it keeps Britain tions or I will simply terminate NAFTA entirely & we will It is unclear how that will be sorted out. In a second McEwan said RBS had already deployed 150 staff to too closely aligned to the EU. It sparked the resignations be far better off.” US-Canadian trade talks are set to tweet Saturday, Trump suggested that the United States Amsterdam, and if regulators failed to approve trading of former Brexit Secretary David Davis and then Foreign resume on Wednesday, and Ottawa and Washington still would be better off with no trade agreement than with a licenses for the operations, it would stop offering services Secretary Boris Johnson. have time to reach an agreement that would keep Canada flawed NAFTA deal. to some of its European customers. Davis criticized the proposal again yesterday, saying in the 25-year-old trade pact with Mexico. “We were far better off before NAFTA... We make “In the next couple of months, we’re going to have to May’s plan was “actually almost worse than being in” the But Trump’s tweet seemed designed to ramp up pres- new deal or go back to pre-NAFTA!” he said. make some decisions... we’re going to have to think about EU and vowed to vote against it if it goes to parliament. sure on Canadian negotiators. Earlier in the week, offi- Sounding a more optimistic note, Freeland had said which European customers we may not be able to bank,” Meanwhile, International Trade Secretary Liam Fox dis- cials appeared close to reaching a deal that would late in the week that “with good will and flexibility on all he said. Britain is set to leave the EU on March 30, 2019. missed warnings from Chancellor Philip Hammond over the rewrite the North American Free Trade Agreement, but sides, I know we can get there.” But she repeated that The two sides want to reach a divorce deal by long-term impacts of a no-deal Brexit on government bor- leaked inflammatory comments from Trump-seen by Canada would only sign an agreement that was in its October or November to give their parliaments time to rowing and gross domestic product. some Canadians as suggesting he was bargaining in bad national interest. “Our officials are continuing to work endorse it. In July, Prime Minister Theresa May put for- “This idea that we can predict what our borrowing faith-threatened to upend the talks. Trump has repeated- toward agreement,” US Trade Representative Robert ward a blueprint for future trade ties that envisages a would be 15 years in advance is just a bit hard to swallow,” ly denounced NAFTA as “one of the worst trade deals Lighthizer said in a statement, stressing the benefits to free trade area for goods, agriculture and food through a he told the BBC. “I don’t believe it is possible to have a 15- ever made,” language he repeated on Saturday. US workers and businesses. — AFP customs agreement and common rulebook. year time horizon on predictions on GDP,” he said. — AFP 12 Established 1961 Business Monday, September 3, 2018
NBK Weekly Money Markets Report Dollar edges lower as trade tensions ease; US in NAFTA deal with Mexico
Negotiations with Canada hit a roadblock
KUWAIT: President Trump announced last provide a full text of the agreement by then. my is significantly high with economic indi- Monday that the US and Mexico had The deadline for a deal to revamp NAF- cators continuously improving, while some reached an agreement on NAFTA (The TA loomed, as President Trump faces a deci- nations around the globe witnessed much North American Free Trade Agreement), and sion on expanding tariffs on Chinese imports. weaker readings this year than in 2017. suggested that Canada would be excluded He threatened to pull the US out of the from the trade pact if the country did not World Trade Organization saying: “If they Rapid GDP Growth supports agree to certain terms. don’t shape up, I would withdraw from the Interest Rate Hikes The agreement with Mexico resulted in a WTO,” during an interview with Bloomberg US gross domestic product data revealed revamping of NAFTA, with adjustments News on Thursday. Trump had previously a rise of 4.2 percent in the second quarter, made to aspects such as the digital economy, demanded better treatment from the WTO, marking its most rapid growth since 2014. automobiles, agriculture, and labor unions. complaining that it infringes on US sover- Such figures can be linked to massive tax The main function of the trade pact - to eignty and the US does not always prevail in cuts for companies amounting to $1.5 trillion, allow American companies to operate in dispute settlement cases. creating a considerable stimulus for the Mexico and Canada without tariffs - remains In the same interview with Bloomberg, economy. The data is likely to support the unchanged. What remains unclear is how President Trump hinted at pushing ahead US Federal Reserve’s plan to raise interest Trump will sell the trade deal to Congress, with the next phase of tariffs on USD 200bn rates next month, in line with its plan for two and whether or not Canada will get on worth of imports from China, he also more hikes this year. The preliminary Q2 board. Meanwhile, US farmers are about to accused China again of working to a formula PCE rose 1.9 percent, while the preliminary receive $4.7 billion in government aid in and devaluing its currency. In fact president core PCE price index remained at 2 percent September to compensate for losses due to Trump did not stop with China, he included meeting expectations. However, fears Trump’s ongoing trade war with China. the EU in his remarks on FX manipulation. regarding trade tensions may potentially The Canadian NAFTA deal was planned On the currency front, the US dollar index weigh on the economy in the near future. to come into fruition on Friday, Canadian continued its downward momentum that Prime Minister Justin Trudeau and US began on August 23. Since the beginning of Declining oil inventories was up more than 1 percent on Wednesday in the Friday session. The pair closed the President Donald Trump both said that a the summer, the Dollar was gaining ground The US Energy Information and it closed the market at 1.2961. week at 1.1599. deal on revamping NAFTA by Friday was due to escalating trade tensions. However, Administration announced that US crude The concerns over Brexit have been within reach. Talks in Washington intensified with last week’s theme of cooling down on inventories fell by 2.6 million barrels last affecting the European equity market, where Chinese manufacturing to salvage a three-way agreement between the trade front, the greenback lost some of week, surpassing analysts’ expectations of a the European equities extended their third- The Chinese manufacturing sector growth the US, Canada, and Mexico, in light of the its safe haven demand. The US dollar man- 686,000-barrel decrease. Oil prices climbed longest streak of net redemptions in the lat- picked up in August, purchasing managers’ agreement reached between the US and aged to recover some of its losses on the last as the West Texas Intermediate was up 1.7 est week. The outflows are driven by Brexit index published by China’s National Bureau Mexico. “We recognize that there is a possi- trading day of the week, supported by percent to $69.710 per barrel, and Brent, concerns, investors withdrew $446m from of Statistics inched up by one-tenth of a bility of getting there by Friday, but it is only strong economic indicators. considered an international benchmark, was funds that specialize in UK equities in the point to 51.3 in August, and production a possibility, because it will ultimately hinge up 1.84 percent to $77.33 per barrel. The week to Wednesday. growth picked up 0.3 points for a reading of on whether there is ultimately a good deal Stellar consumer confidence multi-week highs were due to US sanctions 53.3 in August. On the other hand, new for Canada.” Trudeau said, and he added The US consumer confidence index targeting Iran along with a larger than Eurozone CPI export orders contracted at the fastest pace “No NAFTA deal is better than a bad NAF- soared to 133.4 for the current month, a fig- expected decline in crude stockpiles. In the Eurozone, CPI data has come in in six months, according to a sub-index TA deal.” Trump on the other hand said ure not seen in nearly 18 years. The latest weaker than expected. Core CPI rose 1.0 which fell 0.4 points to 49.4. At the same “Canada wants to be part of the deal, and we data was broad based as both the Present Euro English Trade deal percent yoy missing market expectations of time, total new orders edged down only one- gave until Friday and I think we’re probably Situation component and the Future EU’s chief Brexit negotiator Michel 1.1 percent, while headline CPI increased 2.0 tenth of a point from July’s level to 52.2. The on track. We’ll see what happens.” Expectations component rose. In details, the Barnier announced on Wednesday that he percent yoy also missing the expected 2.1 official non-manufacturing PMI also climbed Canadian Prime Minister Justin Trudeau Present Situation Index rose from 166.1 to was close to offering the UK a unique trade percent. The ECB is scheduled to wrap up its 0.2 points to 54.2 in August, with a sub- and US President Donald Trump failed to 172.2, meanwhile the Expectations Index deal. He was quoted saying, “We are pre- EUR 2.6 trillion asset-purchase scheme in index for the services sector rising 0.4 points reach the Friday deadline set by Congress on increased from 102.4 to 107.6. The above pared to offer a partnership with Britain December. However, it’s unclear when the to 53.4. For the service sector this marks as a a revamped NAFTA agreement. US and readings are historically high and may con- such as has never been with any other third ECB will raise interest rates. ECB policymak- partial recovery from the slowest pace of Canadian negotiators insist that progress is tinue to support healthy consumer spending country”. The sterling shot higher in reaction ers have been somewhat vague on the issue, growth in eleven months seen in July. being made, announcing talks would resume in the short-term. On the labor front, individ- to the news, breaking the 1.30 level for the saying that rates will not rise until after next on Wednesday after four days of negotia- uals expecting more jobs grew from 21.7% first time in weeks. However, Barnier added summer. German retail sales came in at -0.4 Kuwait tions ended with no final agreement. to 22.6%, while the sum of people projecting that the UK must respect the core structures percent, missing the estimate of -0.1 percent. Kuwaiti dinar Congress has now set a 30-day deadline, a job market contraction decreased from of the EU as the single market, insisting that This marked the second decline in three USD/KWD opened at 0.30280 yesterday placing the administration under pressure to 15.2% to 14.1%. Optimism in the US econo- this aspect is non-negotiable. The pound months. EUR/USD showed little movement morning.
‘Lehman Weekend’: The biggest bankruptcy 4.3 billion dinars with the rise of world Tunisia govt oil prices, officials said. The IMF has in American history been pressing Tunisia to trim its budget deficit and increase fuel and raises fuel electricity bills to offset a rise in oil WASHINGTON: It was “Lehman Weekend.” The moment in prices that is pressuring already- September 2008 when the 150-year-old investment bank Lehman strained public finances. Brothers collapsed, precipitating the worst global economic crisis since prices, fourth “Staying the course on reducing the 1930s. After failing to find buyers for the troubled financial giant, the fiscal deficit this year and next is that was weighed down by risky debt holdings made up of at subprime hike this year critical to stabilize debt and reduce mortgages, US authorities declined to offer a bailout and allowed the excessive demand for imports given institution to fail. NEW YORK: In this file photo taken on September 15, 2008 two men hug TUNIS: Tunisia’s government raised the recent increase in global oil Monday, September 15, 2008, at 1:45 am, Lehman Brothers filed for outside of Lehman Brothers headquarters in New York. It was “Lehman fuel prices on Saturday by about 4 prices,” the IMF said on Friday after a bankruptcy, taking the world by surprise leaving well over $600 billion Weekend.” The moment in September 2008 when the 150-year-old percent, the fourth hike this year, in an mission visited the country. The two in debt, as well as 25,000 employees in shock. investment bank Lehman Brothers collapsed, precipitating the worst effort to rein in its budget deficit and sides reached an initial, or “staff lev- It was the biggest bankruptcy in American history. On Wall Street, global economic crisis since the 1930s. — AFP meet reforms requested by the coun- el”, agreement on the next reforms, the Dow Jones plunged 500 points, the largest drop since the attacks of try’s international lenders. The price the IMF statement added. September 11, 2001. Stunned traders streaming out of the building car- of a liter of petrol will rise to 1.985 Tunisia has forecast that the budg- rying boxes of their belongings became a symbol of the crisis. “It was 24,992 people making money and eight guys losing it,” he Tunisian dinars from 1.925 dinars, et deficit will fall to 3.9 percent in Some were caught by surprise. But others, like Lawrence McDonald, said, lamenting that the management “bet the ranch” on toxic assets. starting Sunday, the industry ministry 2019 versus 4.9 percent of gross a former trader and co-author of a 2009 book on the collapse-”A From 2005 to 2007, at the height of the real estate bubble, when mort- said in a statement. The three previ- domestic product expected in 2018. Colossal Failure of Common Sense: The Incredible Inside Story of the gages were given to many homebuyers who could not afford them, and ous increases this year were in March, The country has dropped into a deep Collapse of Lehman Brothers”-said management had long been alerted then packaged into securities and sold off, Lehman Brothers bought January and June. economic slump following the over- to the excessive risks they took to increase short term profits. The top several mortgage brokerages and posted record profits. Fuel subsidies this year will rise throw in 2011 of autocratic leader Zine Lehman leadership, housed on the bank’s 31st floor, “drove us 162 miles But in mid-2007, the losses began to build. The knockout punch from an expected 1.5 billion dinars to El-Abidine Ben Ali. — Reuters (261 kilometers) an hour...right into the biggest subprime iceberg ever came nine months later, March 16, 2008, with the near bankruptcy of seen,” he told AFP in 2009. another investment bank, Bear Stearns. — AFP
pieces of it in the form of complex instruments known Steve Eisman, the as collateralized debt obligations, or CDOs, and securi- EXCHANGE RATES ties backed by residential mortgages. But, even with a Harvard Law degree, Eisman under- ‘big short’ investor stood little about such exotic financial products with bewildering acronyms. And at a 2004 conference in Indian Rupee 0.003830 0.004602 BAHRAIN EXCHANGE COMPANY WLL Indonesian Rupiah 0.000016 0.000022 who bet on the crash Las Vegas, he learned he was not the only one. He soon Japanese Yen 0.002657 0.002837 learned, after traveling next to Florida, California, CURRENCY BUY SELL Korean Won 0.000261 0.000276 Europe NEW YORK: The global financial crisis devastated Nevada and Arizona, epicenters of the subprime crisis, Malaysian Ringgit 0.070806 0.076606 British Pound 0.387179 0.401079 Nepalese Rupee 0.002625 0.002965 American communities, wiped out savings and brought about the loose lending standards applied by mortgage Czech Korune 0.005762 0.015062 Pakistan Rupee 0.001956 0.002726 banking giants to their knees. But it also enriched a originators and banks. Danish Krone 0.043499 0.048499 Philippine Peso 0.005608 0.005908 handful of investors who had bet that the financial With graying hair and a square, athletic build, the Euro 0. 345424 0.359124 Singapore Dollar 0.216759 0.226759 Georgian Lari 0.137682 0.137682 Sri Lankan Rupee 0.001519 0.002099 house of cards behind American real estate lending middle-aged financier’s frank talk contrasts sharply Hungarian 0.001144 0.001334 Taiwan 0.010417 0.010597 would collapse. with the typical Wall Street jargon. Norwegian Krone 0.032434 0.037634 Thai Baht 0.008967 0.009517 Steve Eisman is among this exclusive circle of Wall Shorting against the world Romanian Leu 0.065015 0.081865 Russian ruble 0.004487 0.004487 Arab Street Cassandras, with a bank account and investment “How could someone make a mortgage loan when Slovakia 0.009062 0.019062 Bahraini Dinar 0.790203 0.806703 portfolio that grew as bankruptcies piled up among the customer can only afford to pay for the first 3 Swedish Krona 0.029319 0.034319 Egyptian Pound 0.014335 0.020053 homeowners who had taken out adjustable-rate sub- years?” he asked during an interview with AFP at the Swiss Franc 0.307399 0.318399 Iranian Riyal 0.000084 0.000085 Iraqi Dinar 0.000200 0.000260 prime mortgages. Manhattan offices of Neuberger Berman, his new Australasia Jordanian Dinar 0.423906 0.432906 His audacious gamble is recounted in the 2015 employer. He reached out to the ratings agency Australian Dollar 0.210694 0.222694 Kuwaiti Dinar 1.000000 1.000000 movie “The Big Short,” in which the actor Steve Carell Standard & Poor’s, which had stamped its vaunted New Zealand Dollar 0.195277 0.204777 Lebanese Pound 0.000156 0.000256 ‘AAA’ rating, the highest possible, on CDO and RMBS Moroccan Dirhams 0.022420 0.046420 plays a Mark Baum, a fictionalized version of Eisman. America Omani Riyal 0.782253 0.787933 Between 2004 and 2007, Eisman, who is married to (residential mortgage-backed securities) assets. Canadian Dollar 0.227731 0.236731 Qatar Riyal 0.079101 0.084041 an ex-banker, ran an investment portfolio at the hedge They said their models did not include negative sce- US Dollars 0.299500 0.304800 Saudi Riyal 0.079673 0.081173 US Dollars Mint 0.300000 0.304800 fund FrontPoint Partners. His job was to invest wealthy narios. But Eisman identified a set of dubious loans and Syrian Pound 0.001287 0.001507 Tunisian Dinar 0.106360 0.114360 clients’ money in the banking sector, which was riding decided to bet they would fall, convincing Goldman Asia Turkish Lira 0.041406 0.052906 high on the success of lending to higher-risk, or “sub- Sachs and Deutsche Bank to issue Credit-Default Bangladesh Taka 0.002990 0.003791 UAE Dirhams 0.081234 0.082934 Chinese Yuan 0.043044 0.046544 Yemeni Riyal 0.000987 0.001067 prime,” borrowers. Swaps, which are insurance policies against borrower Hong Kong Dollar 0.036933 0.039683 The banks spread this risk across the world, selling defaults. — AFP Established 1961 13 Business Monday, September 3, 2018 MTN affair casts shadow over Nigeria’s troubled economy
Govt decision could sour investment sentiment
LAGOS: Nigeria’s decision to order South portfolio manager at Mergence Investment investment of 180 billion nairas ($497 mil- African telecoms giant MTN to repay bil- Managers, the situation was untenable. lion) this year for the expansion of its net- lions of dollars that it had allegedly illegally “Investors want certainty in terms of laws. work. “Of course, Nigeria is their biggest repatriated over a period of eight years There’s no way MTN will find $8 billion to market, they can’t leave today,” said Nonso could sour investor sentiment towards the put in Nigeria. There has to be a resolution,” Obikili, a Nigerian economist based in South country as it still struggles to recover from a Takaendesa said. Africa. Nevertheless, the CBN order to deep recession two years ago, analysts say. For the time being, MTN does not appear repay the cash could give MTN pause for In a shock announcement last to have any intention of reviewing its pres- thought and could even at some point per- Wednesday, the Central Bank of Nigeria suade them to reconsider, the economist (CBN) ordered MTN to repay $8.13 billion suggested. because it had not obtained the necessary “The message they’re (the CBN) send- permission to repatriate the funds between ing to possible investors is a bigger loss 2007 and 2015. MTN not in a and at some point MTN will say ‘this is the The four banks involved in transferring end’,” he said. South Africa-based inde- the funds from MTN’s bank accounts in mood to quit pendent telecoms expert Spiwe Chireka Nigeria to those in South Africa were fined pointed out that another South African a combined 5.87 billion nairas ($16.2 mil- Nigeria now telecoms giant, Telkom, had also experi- lion, 14 million euros). With the economy enced difficulties in trying to move into the still fragile after a deep recession in 2016 Nigerian market. and elections looming early next year, many Telkom “went in and spent who knows LAGOS: The decision by Nigeria’s central bank to order telecoms group MTN to repay private sector players in Nigeria believe the how many billions and ended up having to $8 billion could hit investor sentiment in the country, analysts say.— AFP move could dent investor sentiment at an ence in Nigeria, which is by far its biggest sell it for $10 million and having to get out of already difficult time for foreign investment individual market and makes up a huge there,” he said. Telkom acquired a majority in the country, analysts said. chunk — 27 percent-of its revenues. stake in the private Nigerian operator Multi- kets to operate in.” Riddled with corruption, MTN has been sanctioned by the Nigerian “Anything of that magnitude, particularly It boasts double-digit growth rates there Links in 2007 and then bought full control in offering little legal protection, and burdened authorities. In 2015, MTN was fined $5.2 bil- given the timing ahead of an election... is cer- and has more than 52 million subscribers in 2009. But the Nigerian firm has never made by protectionist economic policies inherited lion by Nigeria’s telecoms regulator NCC for tainly going to raise suspicions from interna- 2017 — 42 percent of the Nigerian market. a profit, compelling Telkom to make massive from various military dictatorships, Nigeria failing to disconnect unregistered SIM cards tional investors,” said Alastair Jones, analyst writedowns on its investment. Chireka said ranks 145 out of a total 190 on the World on its network. The fine was later reduced to at London-based New Street Research. ‘Can’t leave Nigeria’ that while Nigeria “has a lot of business Bank’s Ease of Doing Business index. $1.7 billion after a series of negotiations with For Peter Takaendesa, Cape Town-based MTN Nigeria has already earmarked potential, it is one of the most difficult mar- The CBN decision is not the first time that the Nigerian government. — AFP
Amid US trade war, China’s Xi reiterates Saudi sovereign fund reform pledge appoints ex-CEO of BEIJING: China is still determined to reform and wants to work with all parties to build an open world Dow as special adviser economy, Chinese President Xi Jinping said yester- day, reiterating Beijing’s message amid a bitter trade DUBAI: Saudi Arabia’s sovereign fund has named war with Washington. The two countries have been Andrew Liveris, the former chairman and chief execu- rolling out a series of tariffs on each other’s exports tive of Dow Chemical, as a special adviser, in its high- as US President Donald Trump’s administration seeks est-profile appointment of any global manufacturing to tackle a range of issues from the large trade imbal- executive. Liveris will work closely with the Public ance with China to forced technology transfers. Investment Fund (PIF) on matters of strategic impor- China has criticized the United States for resorting tance, assist the fund in efforts to boost the value of its to protectionist and unilateral measures and says it portfolio, and ensure the contribution of PIF compa- will keep opening up its economy, providing a fair and nies to Saudi Arabia’s economic vision program 2030, transparent environment for foreign businesses. the fund said in a statement yesterday. NAIROBI: In this file photograph, Chinese workers stand on a track of Standard Gauge Railway (SGR) at the Meeting UN Secretary-General Antonio Guterres His appointment comes as the PIF, chaired by SGR Nairobi-Naivasha Phase 2A project in Nairobi. China, Africa’s largest trading partner, convenes a China- in Beijing ahead of a major China-Africa summit, Xi Crown Prince Mohammed bin Salman, is negotiating Africa summit in Beijing today which will be largely dominated by economic cooperation.— AFP made no direct mention of the trade tensions with the the sale of its majority stake in Saudi Basic Industries United States, referring instead to “unilateralism and (SABIC) to oil company Aramco. Liveris joined the Aramco board on July 1. The PIF protectionism rearing its head”. of the rest of their bilateral trade, raising concerns ipating nations in the city-state in November, six said Liveris had extensive experience working in Saudi “China’s determination to fully deepen reforms will that the conflict could dent global economic growth. years since talks began. Called the Regional Arabia over the last two decades and under his leader- not change,” China’s Foreign Ministry paraphrased Xi Trump administration officials have been divided over Comprehensive Economic Partnership (RCEP), the ship, Dow DuPont worked with Aramco to develop the as telling Guterres. “We are willing to use practical how hard to press Beijing, but the White House trade accord includes the 10 members of the Sadara Chemical petrochemical complex. actions to drive all parties to jointly adhere to trade appears to believe it is winning the trade war as Association of Southeast Asian Nations (ASEAN), The PIF, which manages more than $250 billion in liberalization and facilitation and build an open world China’s economy slows and its stock markets falter. Australia, India, Japan, South Korea, New Zealand assets, aims to increase its asset portfolio to $400 bil- economy,” Xi added. Economists estimate that every $100 billion of and the world’s No.2 economy, China. lion by 2020. More than half of its assets are tied up in The ministry’s statement did not elaborate. US and imports hit by tariffs would reduce global trade by The deal does not include the United States, which large Saudi companies, but the PIF has also made sub- Chinese officials ended two days of talks last month around 0.5 percent. is locked in a trade spat with China and pulled out of stantial overseas commitments. This included a $45 bil- without a major breakthrough as their trade war another broad, international trade agreement in 2017 lion agreement to invest in a giant tech fund led by escalated with the activation of a further round of tar- Singapore pact called the Trans-Pacific Partnership (TPP). The White Japan’s Softbank and another $20 billion committed to iffs on $16 billion worth of each other’s goods. Singapore’s trade minister said on Saturday that House said on Friday that US President Donald Trump an infrastructure investment fund planned with The two countries have now targeted $50 billion broad agreement on the world’s biggest trade deal would skip the November gathering of leaders in Blackstone. — Reuters of each other’s goods and threatened duties on most should be reached at a summit of leaders from partic- Singapore. — Reuters 14 Monday, September 3, 2018 Business Beleaguered Argentina placing faith in IMF meeting tomorrow Economy minister off to Washington to thrash out revised loan deal
BUENOS AIRES: Argentina’s Economy Minister Nicolas measures however, which has seen his government slash Dujovne heads to Washington today to thrash out a hastily energy subsidies and shed 95,000 public service jobs revised loan deal with the International Monetary Fund to since January. It suggested that IMF help, coupled with help revive South America’s second-largest economy. continued austerity measures, could help gradually reduce Dujovne will need to outline a convincing austerity pro- inflation, which despite being a government priority, is still gram to restore investor confidence that has plummeted running at more than 20 percent. along with the nation’s currency, analysts say. The IMF said its goal was to “rapidly conclude these The minister said at the weekend his mission was to talks and submit the revised economic plan to the “continue to progress” talks with the IMF “on additional Executive Board.” disbursements in 2019.” The talks scheduled for tomorrow follow a surprise ‘Strong commitment’ announcement by President Mauricio Macri last week that Spokesman Gerry Rice said the Washington-based Argentina would seek faster disbursement of its $50 bil- lender was “confident that the strong commitment and lion credit line with the IMF. determination of the Argentine authorities will help the That set off alarm bells among investors, concerned country overcome the current difficulties.” Argentina will default on government borrowing, and trig- However, analysts at Capital Economics warned in a gered a run on the peso, which plunged 20 percent in two report that “investor confidence is fragile,” adding that days before recovering slightly by Friday’s close. failure to deliver a convincing austerity plan on Monday The currency has lost half its value against the dollar would trigger further turmoil. since January. The market’s response exposed the magnitude of the A first $15 billion tranche of the loan has largely gone to crisis of confidence in the Argentine government and its propping up the peso in recent months. ability to pay off borrowing. Dujovne is expected to Argentina’s Central Bank hiked its baseline interest rate provide details of the new proposals on Monday before to 60 percent last week in a further bid to stabilize the heading to Washington for tomorrow’s meeting with currency. IMF officials. Macri will be hoping to ride out a domestic storm from Low investor confidence a public sector incensed at his austerity drive to maintain Ratings agency S&P said Macri’s government must now Argentina’s access to capital markets, which it was exclud- show clear steps to improve low investor confidence. ed from for over a decade. BUENOS AIRES: Currency exchange values are displayed in the buy-sell board of a bureau de exchange in Buenos “Exchange rate volatility, as shown by recent pressure on However, Argentines point to increasing food, transport Aires on Friday. — AFP the Argentine currency, could jeopardize the effective and energy prices, saying they are paying an unacceptable implementation of economic adjustment measures, absent price under Macri’s austerity program. further steps to boost investor confidence,” it said in a A recent poll by the Center for the Study of Work and fear losing their job. Argentina has a bitter history with the the tough conditions imposed by the crisis lender then as statement on Friday. S&P sees hope in Macri’s austerity Development showed that one in two employed people IMF, which it last called on in 2001. Many Argentines view having made the crisis all the harder to bear. — AFP
Burgan Bank Huawei launches announces winners Kirin 980, world’s first of Yawmi draw commercial 7nm SoC
KUWAIT: Burgan Bank, the second largest in terms of KUWAIT: In his IFA 2018 keynote titled “The Ultimate assets, announced yesterday the names of the daily draw Power of Mobile AI”, Huawei Consumer Business Group winners of its Yawmi account draw, each taking home a CEO Richard Yu introduced the Kirin 980, the system on a cash-prize of KD 5,000. chip (SoC) that will bring about the next evolution of The lucky winners are: mobile AI. As the world’s first commercial SoC manufac- Mali-G76 offers 46 per cent greater graphics processing 1. Abdulrazzaq Mohamed Abdulrazzaq Albuti tured with Taiwan Semiconductor Manufacturer power at 178 per cent improved power efficiency over the 2. Mohammad Abdullah Ahmed Alsharqawi Company’s (TSMC) 7nm process, Kirin 980 combines previous generation. Mali-G76 also features an innovative 3. Amnah Eissa Radhwan Alradhwan best-in-class performance, efficiency, connectivity fea- clock boosting technology that utilizes AI to intelligently 4. Hagop Khatchadour Astor tures, and Dual NPU AI processing power. identify gaming workloads and adjust resource allocation 5. Huda Fahad Saud Almudhaf “Last year, we showed the world the potential of On- for optimal gaming performance. In addition to the daily draw, Burgan Bank also offers a Device AI with the Kirin 970, and this year, we’ve designed an all-round powerhouse that not only features quarterly draw with more chances to win higher rewards, Industry’s First “Dual-Brain” Power outstanding AI capabilities, but also brings cutting-edge offering the chance to one lucky customer to win KD The latest Kirin SoC represents a new era of On- raw performance to consumers,” said Yu. “Equipped with 125,000 every three months. The Yawmi Account offers Device AI. The Dual NPU Kirin 980 elevates the On- all-new CPU, GPU and Dual NPU, the Kirin 980 is the daily and quarterly draws, wherein the quarterly draw Device AI experience with greater processing power and ultimate engine to power next-generation productivity and intelligence. The synergy between the Dual NPU results requires customers to maintain a minimum amount of KD entertainment applications.” 500 in their account for two months prior to the draw in an image recognition capability that is greater than the date. Additionally, every KD 10 in the account will entitle sum of two-the Kirin 980 can recognize up to 4,500 Absolute superiority brought together with it a surge of demand for video cap- customers to one chance of winning. If the account bal- images per minute, up 120 per cent compared to Kirin The cutting edge TSMC 7nm process technology ture features. Kirin 980 adopts a new pipeline dedicated ance is KD 500 and above, the account holder will be 970, further demonstrating Huawei’s industry leadership enables Kirin 980 to pack 6.9 billion transistors within a to processing video captures, allowing the camera module qualified for both the quarterly and daily draws. in the On-Device AI space. Additionally, Kirin 980 sup- 1 sq cm die size, 1.6 times of the previous generation. ports common AI frameworks such as Caffee, Tensorflow to shoot videos with 33 per cent shorter delay. Burgan Bank encourages everyone to open a Yawmi Compared to the 10nm process, the 7nm process deliv- account and/or increase their deposit to maximize their and Tensorflow Lite, and provides a suite of tools that ers 20 per cent improved SoC performance and 40 per simplifies the difficulty of engineering On-Device AI, World-class connectivity chances of becoming a winner. The higher the level of the cent improved SoC power efficiency. allowing developers to easily tap into the leading pro- To deliver the best connectivity to users of Kirin 980- deposit, the higher the likelihood to win. The Kirin 980 is also the first SoC to embed Cortex- cessing power of the Dual NPU. powered devices, Huawei integrated the world’s first A76 based cores, which are 75 per cent more powerful modem supporting LTE Cat.21 with a peak download and 58 per cent more efficient compared to their previous Full-featured ISP speed of 1.4Gbps. Additionally, the Kirin 980 supports generation The Kirin CPU subsystem uses an intelligent In pursuit of the best smartphone photography experi- carrier aggregation, even across frequency bands, so users Flex-scheduling mechanism that creates a 3-level energy ence, Huawei integrated its proprietary fourth-generation are free to choose their mobile operators and still enjoy efficiency architecture consisting of two super-big cores ISP into the SoC. In addition to a 46 per cent increase in the same premium connectivity experience, regardless of Al-Tijari announces based on Cortex-A76, two big cores based on Cortex-A76, data throughput compared to its predecessor, the new ISP where they are. and four little cores Cortex-A55. Compared with the tradi- also provides better support for multi-camera configura- tional big.LITTLE design, this solution designates the large tions, as well as an all-new HDR color reproduction tech- Inspired by nature winners of Al-Najma high-performance cores to handle immediate, intensive nology that can manipulate picture contrast to highlight At IFA 2018, Huawei also announced the launch of two workloads; the large, high-efficiency cores to provide sus- objects on various parts of an image. In addition, Kirin 980 new gradient variants for the HUAWEI P20 Series: new prize program tained performance; and ultra-efficiency cores to tackle utilizes the Multi-pass noise reduction solution that accu- Morpho Aurora and Pearl White, expanding its range of everyday, light activities with extreme power efficiency. rately removes artifacts without scrubbing away image gradient colors to four. When creating these two unique Running at higher clock speeds compared to the prior gen- details, resulting in better quality on images taken in low- hues, Huawei once again turned to nature for inspiration. KUWAIT: Commercial Bank of Kuwait announced eration, Kirin 980 enables quicker app launch times, better light scenarios. Another new feature of the ISP is improved The Morpho Aurora was inspired by the Morpho butterfly, the winners of the weekly and monthly draws as fol- multi-tasking and a generally smoother user experience. motion tracking. while the Pearl White exudes the same elegance as the iri- lows : As graphics in mobile games have become more and When a user attempts to snap a photo of a moving per- descent mother-of-pearl. The next-generation AI experi- Monthly draw prize- KD 20,000 - Fadel Reda more sophisticated in recent years, Huawei has integrated son, the ISP can still recognize the subject with 97.4 per ence is around the corner. Stay tuned for the launch of the Mohammed Ali the Mali-G76 GPU into the Kirin 980 to deliver unparal- cent accuracy, so any user can capture fleeting moments first Kirin 980-powered Mate Series device, which is Weekly draw prize -KD 5000 - Shruti Sarin leled gaming experiences. Debuting with the Kirin 980, with ease. The rise of video-centric social media platforms scheduled to arrive in October. The draw was conducted in the presence of the Ministry of Commerce and Industry representative Abdulaziz Ashkanani. Al-Najma Account was recent- ly revamped by adding several benefits to the prize program through which now the account provides its ABK announces second summer customers the chance to win the biggest annual cash ‘Free jewelry prize offered by a bank in Kuwait and over the globe as much as KD 1 million and half (KD 1,500,000) so promotion winners maintenance’ by that customers’ dreams can easily turn to reality. KUWAIT: Under the The bank stated that the account prizes this year supervision of the Malabar Gold are featured by the highest cash prize and diversity of Ministry of Commerce, prizes throughout the year clarifying that Al-Najma Al-Ahli Bank of Kuwait Account will offer a weekly prize of KD 5,000 and (ABK) held its second & Diamonds monthly prize of KD 20,000 and a semi-annual prize draw for its summer pro- of KD 500,000 for which the draw will be held on 1st motion titled “6 Million KUWAIT: Malabar Gold & Diamonds, the leading jew- July 2018, in addition to the grand prize (the biggest Skywards Miles, 120 win- elry retailer globally with a strong retail network of over prize in the world) of KD 1,500,000 for which the ners”, in partnership with 225 retail outlets spread across nine countries unfurled draw will be held in January 2019. Al-Najma Account Emirates Skywards. The the details of its exclusive and unique campaign - ‘Free can be opened by depositing KD 100, and customer draw was held at the ABK Jewelry Maintenance’ giving the customers a golden should maintain a minimum amount of KD 500 to be head office and 40 lucky opportunity to restore & repair jewelry possessions for eligible to enter all draws on Al-Najma Account free. The jewelry chain will do free maintenance even if customers won 50,000 age price of $69.59 per barrel, it said in prizes. As for the chances of winning, the more bal- the jewelry is bought from other jewelers as well. This Skywards Miles each. a statement. ance a customer maintains in Al Najma Account, the Iraq oil exports campaign will run from 29 August to 22 Sept. The Skywards Miles will In August last year Iraq earned $4.6 more chances the account holder will get to win, To add more glitter to this season, they have also be credited to the cus- billion from the sale of 99.7 million bar- where each KD 25 will give the customer one chance unveiled the latest collection of jewelry in gold, dia- tomer’s Emirates Skywards hit 2018 peak rels of crude oil. Iraq’s sole source of to win, the account also offers additional benefits like monds and precious gems to suit the tastes of their membership account (EK foreign currency, oil revenues have the ATM card, a credit card against customer’s multicultural and multinational customers. Malabar Gold number). The Miles can be pumped more than $60 billion into state & Diamonds has incorporated these designs as a part of account and all CBK banking services that customer in August redeemed for reward flights coffers since January. Baghdad’s econo- various brands presented at Malabar Gold & Diamonds’ can enjoy. and upgrades on Emirates, BAGHDAD: Iraq’s oil exports for August my has been hit hard by the war against namely Ethnix - Handcrafted Designer Jewelry, Era - Now CBK existing customers can open Al-Najma as well as luxury hotel hit their highest monthly figure this year, the Islamic State jihadist group which Uncut Diamond Jewelry, Mine - Diamonds Unlimited, Account through Al-Tijari online and enter all draws stays, fun-filled family days the oil ministry said Saturday, with near- had seized a third of Iraq’s territory in Divine- Indian Heritage Jewelry, Precia - Gem Jewelry without visiting the Bank branch. However, CBK non- out with Emirates ly 112 million barrels of crude bringing 2014 before being ousted in a vast gov- and Starlet - Kids jewelry. All the stores in GCC and Far customers can submit account opening application Skywards’ wide range of $7.7 billion to the war-torn country’s ail- ernment offensive last year. Iraq suffers East also feature masterpieces from India, Pakistan, via the Bank’s website where the Bank’ sales unit will partners, or even tickets to ing economy. “In August, exports of from persistent corruption and many Bahrain, Turkey, Italy and Singapore with unique call them to arrange visit to the customers to com- a wide range of sporting crude reached 111.6 million barrels and Iraqis complain that the country’s oil exchange offers and buyback policies. The jewelry chain plete the account opening formalities. and cultural events across revenues were $7.7 billion,” on an aver- wealth is unfairly distributed. — AFP also offers lifetime free repair and maintenance service the globe for all their products. 15 Technology Monday, September 3, 2018 Robotel: Japanese hotel staffed by robot dinosaurs Robot dinosaurs man front desk at Henn na Hotel
URAYASU, Japan: A robot fish swims in a water tank displayed at the entrance of the URAYASU, Japan: Robot dinosaurs wearing bellboy hats welcome guests from the front desk at the Henn-na Hotel in Urayasu, suburban Tokyo. — AFP photos Henn-na Hotel.
URAYASU, Japan: The reception at the Henn na Hotel east Yukio Nagai, manager at the Henn na Hotel Maihama an egg-shaped robot inside the room. He was playing with of Tokyo is eerily quiet until customers approach the robot Tokyo Bay, admits some customers find it slightly unnerv- it a lot.” The first Henn na Hotel opened in Nagasaki in dinosaurs manning the front desk. Their sensors detect the ing. “We haven’t quite figured out when exactly the guests 2015, and was certified the following year by Guinness motion and they bellow “Welcome.” It might be about the want to be served by people, and when it’s okay to be World Records as the world’s first hotel with robots on its weirdest check-in experience possible, but that’s exactly Robo-dinos served by robots,” he told AFP. staff. The travel agency group that operates the chain now the point at the Henn na (whose name means ‘weird’) chain, But for other guests the novelty is the charm: each runs eight hotels across the country, all with robots on the which bills itself as offering the world’s first hotels staffed process room is staffed with mini-robots that look a bit like spheri- staff, some of them dinosaurs, but others taking a more by robots. cal Star Wars droid BB-8, and help guests with everything humanoid shape. Some humans are also on call to inter- The front desk staff are a pair of giant dinosaurs that check-ins from changing channels to playing music. Even the fish vene in case of glitches, which customer reviews online look like cast members of the Jurassic Park movies, except swimming in the lobby run on batteries, with electric lights suggest are a not infrequent problem at check-in. for the tiny bellboy hats perched on their heads. The robo- in their articulated bodies flickering on and off as they But Nagai said relying on robots for everything from dinos process check-ins through a tablet system that also work their way around giant tanks. front desk duty to cleaning had proved an efficient choice allows customers to choose which language-Japanese, “The dinosaurs looked intriguing, and I thought my son in a country with a shrinking labor market. “It’s becoming English, Chinese or Korean-they want to use to communi- The effect is bizarre, with the large dinosaurs gesticu- would love it,” said Chigusa Hosoi, who was at the hotel difficult to secure enough labor at hotels. To solve that cate with the multilingual robots. lating with their long arms and issuing tinny set phrases. with her three-year-old. “My son is really happy. There’s problem, we have robots serving guests.”—AFP
raft of AI tools, including algorithms that Medtech firms can analyse medical images to diagnose . eye disease, or sift through digital records to predict the likelihood of death. get personal Alibaba, meanwhile, hopes to use its Twitter to verify cloud and data systems to tackle a short- with digital twins age of medical specialists in China. It is those behind working on AI-assisted diagnosis tools to help analyse images such as CT scans and HEIDELBERG, Germany: Armed with a MRIs. Siemens Healthineers, which was hot-button mouse and computer screen instead of a spun off from German parent Siemens in scalpel and operating theatre, cardiologist March, has outpaced the market in recent US issue ads Benjamin Meder carefully places the elec- quarters with sales of medical imaging trodes of a pacemaker in a beating, digital equipment thanks to a slew of new prod- SAN FRANCISCO: Twitter on Thursday started heart. Using this “digital twin” that mimics ucts. But analysts say the German firm, requiring those behind hot-button issue ads in the the electrical and physical properties of the Dutch company Philips and GE Healthcare, US to be vetted as part of the effort by the social cells in patient 7497’s heart, Meder runs a subsidiary of General Electric, will all network to thwart stealth campaigns aimed at simulations to see if the pacemaker can come under pressure to prove they can keep the congestive heart failure sufferer influencing politics. The tightened ad policy save healthcare systems money as spend- included requiring photos and valid contact infor- alive - before he has inserted a knife. ing becomes more linked to patient out- The digital heart twin developed by mation, and prohibited state-owned media or comes and as hospitals rely on bulk pur- national authorities from buying political ads to be Siemens Healthineers is one example of how chasing to push for discounts. MOSCOW: People release paper planes, symbol of the Telegram messenger, dur- shown on Twitter outside their home countries. medical device makers are using artificial Siemens Healthineers has a long history ing a rally in protest against court decision to block the messenger because it Those placing these Twitter ads will need to be intelligence (AI) to help doctors make more in the industry. It made the first industrially violated Russian regulations, in Moscow. — Reuters precise diagnoses as medicine enters an manufactured X-ray machines in 1896 and “certified” by the company and meet certain increasingly personalized age. The challenge is now the world’s biggest maker of medical guidelines, and the ads will be labeled as political for Siemens Healthineers and rivals such as imaging equipment. Now, Chief Executive example of the digital twin, the AI system data that helps doctors diagnose problems, “issue” messages. “The intention of this policy is Philips and GE Healthcare is to keep an Bernd Montag’s ambition is to transform it was trained to weave together data about or automatically analyse scans to help sur- to provide the public with greater transparency edge over tech giants from Alphabet’s into the “GPS of healthcare” - a company the electrical and physical properties and geons plan operations. into ads that seek to influence people’s stance on Google to Alibaba that hope to use big data that harnesses its data to sell intelligent the structure of a heart into a 3D image. Its vision, like Siemens Healthineers, is issues that may influence election outcomes,” to grab a slice of healthcare spending. services, as well as letting smaller tech firms One of the main challenges was hiding to add more complexity to its existing Twitter executives Del Harvey and Bruce Falck With healthcare budgets under increas- develop Apps feeding off its database. As it the complexity and creating an interface heart models by pulling together scans, said in a blog post. ing pressure, AI tools such as the digital adapts, Siemens Healthineers has invested that is easy to use, said Tommaso Mansi, a ECGs and medical records to create a The new ad policy came as major technology senior R&D director at Siemens model that can predict how a heart will heart twin could save tens of thousands of heavily in IT. It employs some 2,900 soft- firms including Facebook, Google and Twitter bat- Healthineers who developed the software. respond to therapy in real life. For now, dollars by predicting outcomes and avoid- ware engineers and has over 600 patents tle against misinformation campaigns by foreign ing unnecessary surgery. A shortage of and patent applications in machine learning. To test the technology, Meder’s team cre- such software is still in the early stages of ated 100 digital heart twins of patients development and companies will have to agents. Facebook, Twitter, Google and Microsoft doctors in countries such as China is also It is not alone. Philips says about 60 per- recently blocked accounts from Russian and spurring demand for new AI tools to being treated for heart failure in a six-year work with regulators to thrash out how cent of its research and development Iranian entities which the companies said were analyse medical images and the race is on trial. The computer makes predictions predictive models can be approved before (R&D) staff and spending is focused propagating misinformation aimed at disrupting to commercialize products that could shake on software and data science. The company based on the digital twin and they are then doctors are willing to trust a diagnosis up healthcare systems around the world. compared with actual outcomes. generated by a machine. the November US elections. said it employs thousands of software engi- The new ad policy at Twitter applies to paid While AI has been used in medical neers, without being specific. His team hopes to finish evaluating the Access to high-quality data with technology for decades, the availability of predictions by the end of 2018. If the enough variation will be crucial, as will be messages that identify political candidates or advocate regarding legislative issues of national vast amounts data, lower computing costs Medical revolution results are promising, the system will be the ability to interpret that data and turn it and more sophisticated algorithms mean Experts say the success of AI in medical tested in a larger, multi-centre trial as the into something medical professionals can importance. Examples of issue topics provided revenues from AI tools are expected to technology will hinge on access to reliable next step to getting the software approved use, say experts. In particular, models will by Twitter included abortion, civil rights, climate soar to $6.7 billion by 2021 from $811 mil- data, not only to create models for diagno- by regulators for commercial use. Siemens have to be trained on rare cases as they get change, guns, healthcare, immigration, national lion in 2015, according to a study by sis but also to predict how effective treat- Healthineers declined to say when the closer to perfection, said Vivek Bhatt, chief security, social security, taxes and trade. The pol- research firm Frost & Sullivan. The size of ments will be for a specific patient in the technology might eventually be used by technology officer at GE Healthcare’s clini- icy did not apply to news agencies reporting on the global medical imaging analytics soft- days and years to come. “Imagine that in clinics or give details on how its digital cal care solutions division. “It’s going to be candidates or issues, rather than advocating out- ware market is also expected to jump to the future, we have a patient with all their heart, or models of other organs it is devel- extremely critical to have an ongoing comes, according to Harvey and Falck. Silicon $4.3 billion by 2025 from $2.4 billion in organ functions, all their cellular functions, oping such as the lungs and liver, could be process for getting more data, getting the Valley executives are set to take part in a 2016, said data portal Statista. “What and we are able to simulate this complexi- monetized. right kind of data and getting data with September 5 Senate hearing about foreign started as an evolution is accelerating ty,” said Meder, a cardiologist at those unique cases,” he said. efforts to use social media platforms to influence In data we trust The established medtech players say towards more of a revolution,” said Thomas Heidelberg University Hospital in Germany elections. — AFP Rudolph who leads McKinsey & who is testing Siemens Healthineers’ digital Both GE and Philips are also working on their long-running relationships with hos- Company’s pharma and medical technolo- heart software. “We would be able to pre- versions of digital heart twins while non- pitals and research institutes and vast net- gy practice in Germany. dict weeks or months in advance which traditional players have been active too. works of installed machines will give them patients will get ill, how a particular patient Drawing on its experience of making digi- an edge over new tech entrants. Siemens GPS of healthcare will react to a certain therapy, which tal twins to test bridges and machinery, Healthineers, GE Healthcare and Philips say For Siemens Healthineers and its tradi- patients will benefit the most. That could French software firm Dassault Systemes their databases are fed with a mixture of Apple expected to tional rivals, making the transition from revolutionize medicine.” To this end, launched the first commercial “Living publicly-available data, data from clinical being mainly hardware companies to med- Siemens Healthineers has built up a vast Heart” model in May 2015, though it is only trials or from collaborations with hospitals - ical software pioneers is seen as crucial in database of more than 250 million annotat- currently available for research. Philips as well as some data from customers. All the unveil new iPhones a field becoming increasingly crowded ed images, reports and operational data on sells AI-enabled heart models that can, for data is made anonymous and only used with with new entrants. Google has developed a which to train its new algorithms. In the example, turn 2D ultrasound images into patients’ consent, they say. —Reuters SAN FRANCISCO: Apple on Thursday sent out invita- tions to a September 12 event at which it is expected to voice calls on the Viber messaging service, cloud-based unveil new additions to its money-making iPhone line-up. Russia tries more precise applications for Volvo cars, and apps that control Xiaomi In typical enigmatic style, Apple offered scant clues to video cameras. Because of that hiccup, the attempt to what it has in store for the presentation to take place in the technology to block block Telegram was put on hold, and the service is still Steve Jobs Theater at its spaceship campus in the Silicon accessible to Russian users. Valley city of Cupertino. Since Aug 6, Russian state communications watchdog Invitations had the words “Gather round” under a large Telegram messenger Roskomnadzor and state security agency the FSB have golden circle. Apple has historically held September events to show off new iPhone models, and this year the company MOSCOW: Russia is experimenting with more precise been testing systems designed to allow more precise blocking of individual services, according to the minutes of is expected to stay true to that course. Speculation technology to block individual online services after an includes talk that Apple introduce three new iPhone mod- attempt to shut down banned messaging service Telegram a meeting between officials to discuss the plan. Anton els, infusing some with features from a premium iPhone X failed, but Moscow has yet to find a way to shut it down Pinchuk, co-owner of Russian technology company Protei, that debuted last year with a $1,000 price tag. without hitting other traffic. Telegram, which has 200 mil- which according to the minutes was invited to take part in Apple’s event comes a month after smartphone leader lion global users and has been popular in countries includ- the testing, confirmed to Reuters the testing was taking ing Russia and Iran, has been banned in Russia because it place. He said his firm has declined to take part. The earlier Samsung unveiled its latest flagship handset, the Galaxy refused to comply with a court order to give security serv- attempt to block Telegram involved targeting Internet Note 9. Although the California tech giant is the world’s most valuable company with a market capitalization that ices access to users’ encrypted messages. Protocol addresses operated by Amazon, Google and oth- HEIDELBERG, Germany: A three-dimensional printout of a Russia’s authorities started trying to block the service ers that hosted Telegram traffic. The problem was that recently topped $1 trillion, it has slipped to third place in human heart is seen at the Heidelberg University Hospital in the global smartphone market behind Chinese-based in April but they inadvertently blocked Russian users’ these IP addresses often also hosted traffic for multiple Heidelberg, Germany. — Reuters access to a slew of unrelated online services, including other services which were also affected. —Reuters Huawei, according to surveys. — AFP 16 Monday, September 3, 2018
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