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US Return to N-Deal Tops EU To-Dos

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US Return to N-Deal Tops EU To-Dos golf Page 14 Page 10 THE FIRST ENGLISH LANGUAGE DAILY IN FREE KUWAIT Established in 1977 / www.arabtimesonline.com markets TUESDAY, FEBRUARY 2, 2021 / JUMADA AL THANI 20, 1442 AH emergency number 112 NO. 17603 16 PAGES 150 FILS Why Western societies are mishandling the pandemic By Khalaf Ahmad Al-Habtoor See Page 2 US return to N-deal tops EU to-dos ‘Change not up to EU’ Tehran airs sat Moody’s downgrades KIPCO Opinion rocket launch BRUSSELS, Feb 1, (KUNA): LONDON, Feb 1: Moody’s Investors Service The European Union Monday TEHRAN, Feb 1, (AP): Ira- (“Moody’s”) has withdrawn Kuwait Projects Company said it is trying to find ways for nian state TV on Monday (Holding) K.S.C.P. (KIPCO) Baa3 long-term and P-3 aired the launch of the coun- short term issuer ratings and assigned a Ba1 corporate Amir Tamim...boat rocker the US to rejoin the Iran nucle- try’s newest satellite-carry- family rating (CFR) and a Ba1-PD probability of de- ar deal, also known as the Joint ing rocket, which it said was fault rating (PDR). Comprehensive Plan of Action able to reach a height of 500 Concurrently, Moody’s downgraded to (P)Ba1/(P) no longer here in Doha (JCPOA), and for Iran to return kilometers (310 miles). NP the provisional ratings assigned to the senior un- to full compliance of the treaty. The footage of the secured $3 billion Euro medium-term note (EMTN) Peter Stano, lead EU spokesperson for solid-liquid-fueled rocket programme issued by Kuwait Projects Co SPC Lim- foreign affairs and security policy, told an showed the launch taking By Ahmed Al-Jarallah serious in this regard. place during daytime in a ited from (P)Baa3/(P)P-3 and to Ba1 the ratings on the online press conference in Brussels that EU backed senior unsecured bonds due in 2023, 2026 and Editor-in-Chief, the Arab Times Given that the dreams of some peo- desert environment. The High Representative Josep Borrell spoke 2027 also issued by Kuwait Projects Co SPC Limited ple are much greater than their poten- last week by phone with the new US Secre- report did not say when HISTORY has many lessons for fu- tial, his plans evaporated quickly. De- tary of State Antony Blinken and one of the the launch happened. from Baa3. ture generations to refer to in order to spite his removal from his public post, issues discussed was the Iran nuclear deal. The rocket, called Zulja- The outlook on all ratings remains negative. avoid committing the same mistakes he tried to continue infl uencing the “The important thing and the main prior- nah for the horse of Imam “Today’s action reflects the view that KIPCO’s cash that were committed by the previous path of Qatar. That is why the task of ity now is to get the US on board. The sec- Hussein, the grandson burn will continue over the next 12-18 months because generations, and also to be able to con- the Amir of Qatar Sheikh Tamim bin ond priority is to ensure to get a complete of Prophet Muhammad of negative free cash flows, a feature which we no lon- front events related to their homeland Hamad at the beginning of his rule was respect of the nuclear treaty from all sides,” (PBUH), did not launch a ger consider consistent with an investment grade rating,” arduous because those foxes had infi l- he stressed. satellite into orbit. says Julien Haddad, a Moody’s Vice President - Senior and society. State TV said the With this brief introduction, I wanted trated all state institutions. “The EU is only a coordinator of the Analyst and local market analyst for KIPCO. existing treaty. Any decision to change rocket is capable of car- to return to the pages of history that Sheikh Tamim worked with great rying a 220-kilogram “The action also reflects the substantial increase in were folded due to confi dentiality, but patience and smartness in his approach that treaty is not up to the EU. It is a deci- KIPCO’s Market Value Leverage (MVL) which has been sion which is up to the participants in the (485-pound) satellite, add- the time has come to reveal them. to matters. The fi rst major step he took ing that the three-stage above our guidance for a Baa3 rating for over 12 months, was to stop the absurd bleeding of Qa- agreement. The joint committee of the During a visit to the United Arab JCPOA is the right forum to decide if the rocket uses solid fuel in and the unclear timing with respect to a full turnaround, Emirates in 1995 when the Amir tari public money that the foxes were participants wish to make any proposals,” the first and second stages bringing in strategic partners or a sale of OSN which we Sheikh Hamad bin Khalifa took over spending on conspiracies abroad. He he clarified. and fluid fuel in the third. have been expecting for some time.” the rule of Qatar, and the father Amir issued directives for serving the people the late Sheikh Khalifa bin Hamad Al- of Qatar, which in turn raised the aver- Thani settled in Abu Dhabi, he asked age annual per capita income to about to meet me at his residence at the Inter $145,000 – the highest in the world. Continental Hotel on that day. With the start of the crisis between After lunch, we entered one of the the four countries and Qatar, the then side rooms where he was accompanied director of the offi ce of the late Sheikh by his offi ce manager Issa Al-Kuwari Sabah Al-Ahmad Ahmed Fahad Al-Fa- who was very close to him. had had called me and asked, “Where To this day, I still remember very well are you?” and I said, “In Spain”. He the dialogue that took place between then said, “His Highness wants to talk us. The late Sheikh Khalifa began his to you.” conversation by saying, “This is not a I remember well the words that the press meeting. The words I will say are late Amir said amicably – “Oh Ahmad, not meant for publication. I know that we are busy mending the Gulf rift, and one day, which I hope will be soon, you the tone of the media is disturbing the will meet His Highness Sheikh Hamad mediation and creating tension for bin Khalifa, and you must convey this nothing. Qatar is a member of the Gulf message to him – “Beware of Hamad Cooperation Council and will continue bin Jassim ... this person dreams of rul- to be its member, and Sheikh Tamim is ing Qatar, and he will continue to work the son of this council.” to achieve that dream.” His Highness Sheikh Sabah (May I think that Hamad bin Jassim knew Allah have mercy on him) was fully about this meeting, perhaps intelligent- convinced about reconciliation, which ly from him or for fear that I was car- later came through Al-Ula summit, but rying a certain message that rendered these matters needed patience and de- him to prevent me from meeting Sheikh liberation. Hamad bin Khalifa. I therefore did not By the way, Sheikh Sabah and have the opportunity to meet him to Sheikh Tamim bin Hamad communi- convey the message to him, which has cated daily, as the late Amir harbored remained a secret for a quarter of a cen- much love for Sheikh Tamim bin Ham- tury. ad and considered him as one of his Today when we look at Qatar, we see children. Indeed, the Al-Sabah family a country that is racing against the wind has great love, respect and appreciation in terms of development. Following the for the Amir of Qatar. great radical changes and the change The great affection and apprecia- in its policy compared to what it was tion of Sheikh Tamim bin Hamad is before the year 2013, there is no doubt not limited to Kuwait, but also towards that the reason for this is the wise vi- the Saudi Crown Prince Mohammed The Giza Pyramids in Cairo, Egypt were lit up on Jan 30, 2021, along with more than 60 landmarks in 40 cities across 24 countries to call sion of the father Amir Sheikh Hamad bin Salman, as well as the leaders of attention to this year’s World Neglected Tropical Diseases (NTD) Day. This global day raises awareness and engages the general public in bin Khalifa. The latter had transferred the United Arab Emirates, especially the urgent effort to #BeatNTDs which impact one in five people globally. (AP) power to his son Sheikh Tamim bin Sheikh Mohammed bin Rashid and Hamad, who immediately started eject- Sheikh Mohammed Zayed. The warm ing the foxes of Hamad bin Jassim from welcome he received in Al-Ula indi- New cases total 586 the state institutions. cated all this, and that is why everyone In addition to being the Prime Min- believes that this summit had turned the ister, this fox took over the Ministry of crisis into a mere summer cloud. Foreign Affairs, which led him to con- It is not a secret that stopping the in- trol everything. At that time, he began fi ltrations of Hamad bin Jassim and his working on implementing his dream, foxes came at a huge price, thanks to Kuwait faces spike in COVID which was talked about by the late the tireless work of Sheikh Tamim bin Sheikh Khalifa bin Hamad.
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