TWITTER CELEBS @newsofbahrain BUSINESS 12 GFH records US$114.08 million profit INSTAGRAM Melissa Benoist, Chris /nobmedia 12 Wood engaged LINKEDIN TUESDAY newsofbahrain FEBRUARY 2019 Actress Melissa Benoist 200 FILS WHATSAPP has got engaged to her 38444680 ISSUE NO. 8020 “Supergirl” co-actor Chris Wood. The duo took to FACEBOOK /nobmedia Instagram on Sunday to announce the news of MAIL [email protected] their engagement, reports eonline.com. WEBSITE newsofbahrain.com P14

Women shine at Grammy Awards 2019 14 CELEBS WORLD 6 Battle on for last IS pocket

Ensure e ective implementation of VAT 80008001 For inquiries & complaints

www.nbr.gov.bh @BahrainNBR

US slams Iran US ties hailed Washington His Majesty King Hamad bin Isa Al Khalifa, yesterday at the Safriya Palace, received ran’s Islamic revolution a delegation from the Middle East Policy Council comprising board member, former four decades ago has I US ambassador to Bahrain, Ronald Newman, been a complete failure for Board Chairman Richard Schmierer and Board the country, President Don- Executive Director, former US ambassador to ald Trump said yesterday. Oman, Dr Thomas R Mateer. HM the King lauded In a tweet written on the the longstanding friendship relations between anniversary of the upheav- the Kingdom and the United States that span al that was also sent out in more than 120 years, which are highlighted by Farsi, Trump said: “40 years constant co-operation and co-ordination in of corruption. 40 years of various fields in the interest of the two countries repression. 40 years of ter- and their peoples. HM the King pointed out the ror. The regime in Iran has vital role of the American Administration in produced only #40Yearsof- establishing security, stability and peace at the Failure. regional and global levels. “The long-suffering Ira- nian people deserve a much brighter future,” he added. Arson suspect arrested Airstrikes kill 16 civilians Beirut Juvenile justice S-led coalition air Ustrikes on the last Daesh pocket in Syria yesterday killed 16 civilians, including at least seven children, a The gutted house. war monitor said. Eight women and one el- reforms project TDT | Manama derly man were also among the civilians killed while n African national, sus- trying to flee towards the New courts to be set up for hearing crimes committed by children above 15 years Apected of arson, was Iraqi border, said Rami Ab- arrested on Sunday, the Di- del Rahman, the head of the certain provisions of the Code of rector General of the Mu- Britain-based Syrian Obser- The Cabinet, Criminal Procedures to fast-track harraq Governorate Police vatory for Human Rights. • investigation, trial and prose- has announced. The coalition was not after being informed cution procedures, allowing The 25-year-old woman immediately available for about the opinion the Public Prosecution and the working as a housemaid is comment, but has repeat- of the Ministerial courts to adopt modern audiovis- suspected to have set fire edly said it does its utmost Committee for Legal ual techniques and transport in to her sponsor’s house in to avoid targeting civilians. all proceedings and in assessing Busaiteen, where she was and Legislative Affairs, the statements of the witnesses. employed, Interior Ministry decided to refer a The amendments also ensure sources said. draft-law to the Council the protection of witnesses and Legal proceedings are be- of Representatives. develop easier solutions for pre- ing taken to refer the sus- HRH the Premier chairs the Cabinet in the presence of HRH the Crown Prince. cautionary measures, without pect to the Public Prosecu- prejudice to rights and freedoms. tion, they added. The amendments “Rehabilitation Justice for Chil- The session referred a draft- DON’T MISS IT • also ensure the dren and their Protection from law on amending some provi- protection of Ill-Treatment” that will replace All government sions of the Code of Criminal witnesses and develop the existing law. Procedures, issued as per Decree Resident, 39, The draft-law included entities should 46/ 2002, to the Council of Rep- Joyalukkas easier solutions for non-conventional measures to encourage holding resentatives. passes away unveils ‘Be Mine’ precautionary measures, prevent children from being tak- sports events to Among other things, the Cab- TDT | Manama 02 en away from their family en- inet reviewed the results of a jewellery designs without prejudice to ensure that awareness rights and freedoms. vironment and to protect them on practising sports is study conducted by the World 39-year- from ill-treatment and criminal increasing among the Health Organisation (WHO) ex- Aold In- Showcasing accountability. perts to verify the risks of elec- dian national Manama staff. Bahrain’s Under the new law, rehabili- tromagnetic emissions from tel- passed away 03 tation justice courts will be es- HRH THE PREMIER ecommunications towers. yesterday af- FinTech success he Cabinet yesterday, tablished to hear cases related The experts concluded in their ter suffering chaired by His Royal to crimes committed by children Ministerial Committee for Legal study that the manner in which a cardiac ar- Spring of Culture Feby Thomas THighness Prime Minis- over 15 years old at the time of and Legislative Affairs, decided to telecommunications masts are rest. Sources 04 Festival set ter Prince Khalifa bin Salman the crime, and a “Judicial Child refer a draft-law on the issuance managed in Bahrain complies said the de- Al Khalifa in the presence of Committee”, to be responsible of a Law on the “Rehabilitation with the international secure ceased Feby Thomas was His Royal Highness Prince Sal- for examining cases on children’s Justice for Children and their emission protocols, and that the employed by Bahrain Tech- man bin Hamad Al Khalifa, the ill-treatment or exposure to risks, Protection from Ill-Treatment” existing masts have no impact nical Services. Feby is sur- Crown Prince, Deputy Supreme will be set up. to the Council of Representatives. on human health because their vived by his wife, who is a Commander and First Deputy The Cabinet, after being in- Among other things, the Cabi- rate of radiation emission is very teacher at the Asian School Premier, endorsed a draft-law on formed about the opinion of the net approved the amendment of low, and is at safety levels. Bahrain. TUESDAY, FEBRUARY 12, 2019 02

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa underscored the need of the world and the Middle East for peace. He pointed out that cooperation and co-ordination are the best way to end crises and conflicts from which the Middle East has suffered a lot. He noted that the region needs concerted efforts to remain secure and stable and ensure a better future for the countries and posterity. HRH the Premier was speaking as he received at Gudaibiyah Palace yesterday former US Ambassador to Bahrain and member of the Middle East Policy Council Ronald Neumann, council Chairman Richard Schmierer and Executive Director Dr Thomas R Mattair. IBFEX 2019 opens Joyalukkas unveils ‘Be Mine’ jewellery designs TDT | Manama Diamond and Polki Jewellery worth BD 500. he world’s favourite jew- Apart from that, customers eller, Joyalukkas, has un- can also enjoy zero per cent Tveiled its exclusive and deduction on Gold Exchange. exciting ‘Be Mine’ Valentine Exclusive gift boxes with the collection for Valentine’s Day Valentine’s Day theme has been celebration. The limited-edi- designed for the new collection, tion collection features intimate gram of Gold Coin free on pur- making it an ideal choice to gift heart-themed jewellery includ- chase of Diamond and Polki jew- your loved ones. The offer is ing pendants, rings and bracelets ellery worth BD 300. Similarly, valid till 16th February 2019 at in certified diamonds, rose and customers will get two grams of all Joyalukkas branches across yellow gold. To make the cele- Gold Coin free on purchase of the world. Under the patronage of Shaikh Khaled bin Humood Al Khalifa, Chief Executive Officer, Bahrain Tourism and Exhibitions Authority (BTEA), the Quick Media Solutions Company launched the first edition of International Brands and Franchise bration of love all the more Expo 2019 (IBFEX 2019) yesterday at the Bahrain international Exhibitions and Convention Centre. special, free gold coin offer has also been announced for purchases above BD 300. Joy Alukkas, Chairman and MD, Joyalukkas Group said during the occasion: “Love is the most powerful emotion and the highest form of happiness. Our ‘Be Mine’ collection is crafted with passion to reflect that CORAL TRAINING CENTER everlasting love. The collec- Language Skills, Commercial & Administrative tion has been well received by our patrons over the Training Center years; and this year, we have VAT TRAINING / SALES AND MARKETING / ACCOUNTING & added more style, patterns MANAGEMENT/LOGISTICS & SUPPLY CHAIN MANAGEMENT/ and designs based on current RETAIL MANAGEMENT & MERCHANDISING/OFFICE trends, and we are sure it MANAGEMENT & SECRETARIAL PRACTICE/IELTS/OET will appeal to people from all generations of life.” During the promotion pe- riod, customers will get one

‘Zero casualties’ in sour tank fire TDT | Manama

n a statement released yes- Iterday, Bahrain Petroleum Company (Bapco) confirmed that there were no casualties or major material damages as a result of a fire in a sour water storage tank. “Both the Civil Defence and Bapco Fire Squads were responsive at the scene within minutes of the incident and succeeded in bringing the fire under con- trol within two hours. “Both teams remained on- site till the next morning to ensure the safety of all per- sonnel and operating assets. “The fire occurred at 18:30 on Sunday in a tank that was being prepared for a sched- uled turnaround and inspec- tion. “The tank had been emptied and flushed as per standard operating proce- dures, and was in the initial 22nd February 2019 stages of venting to remove pyrophoric material which likely became flammable, causing the fire,” the compa- ny said. TUESDAY, FEBRUARY 12, 2019 03 Showcasing Bahrain’s FinTech success Bahrain set to host Fintastic Week; more than 1,000 delegates to attend

annual Fintastic Week will be Governments look to diversify Financial and held in the Kingdom between their economies and improve • February 24 and 29. productivity through increased technology sectors Over a thousand delegates uptake of innovation and tech- converge for a week from the worlds of business, The FinTech space nology. 86 of events, conferences government and academia will in the Middle East Such transformation is per cent of the MENA and workshops be in Bahrain to learn more is growing and its showing through in the num- population remained about the latest trends in the opportunities and bers already, with GCC start- unbanked in 2017, promoting the dynamic reinvention of financial servic- ups expected to raise $2 billion according to various FinTech industry potential are being es and enjoy keynote speeches recognised by the of private funding in the next studies. from world-renowned speakers, decade, in comparison to only it is learnt. global FinTech £150 million in the previous Global tech innovator community. and• Apple Computers Events will also include best ten years. practice workshops for start- MR AL RUMAIHI The potential for even greater East is growing and its oppor- co-founder Steve ups and fireside conversations change is illustrated by the fact tunities and potential are being Wozniak headlines The with respected FinTech pio - that 86 per cent of the MENA recognised by the global Fin- GCC Financial Forum neers and leaders. my; and Louise Beaumont, co- Development Board of Bahrain population remained unbanked Tech community. on 26-27 February, co- Global tech innovator and chair of the Open Banking and for the eighth consecutive year. in 2017. This is despite a very “In Bahrain, we are building Apple Computers co-founder Payments Working group, at “With international finan- high mobile phone penetration on our heritage of excellence hosted by Euromoney Steve Wozniak will take centre Tech UK. ciers, senior regional policy- rate and more than half the re- in financial services by devel- Conferences stage and share his thoughts Commenting on the Forum, makers and leading FinTech gion’s population being under oping innovative new products and predictions on the current Victoria Behn, Director of Mid- firms attending from across the 30. and services that will transform TDT | Manama and future state of the global dle East and Africa at Euromon- Middle East, the GCC Financial In a release issued to media, how consumers and business- financial technology industry. ey Conferences, co-organisers Forum will once again be an Khalid Al Rumaihi, Chief Exec- es right across the region ap - ahrain’s central role in the Other notable speakers at of the GCC Financial Forum not- unmissable event.” utive of the Bahrain Economic proach this sector, and events rapidly developing world event include Shaikh Salman ed: “We are honoured to host The disruptive power of Development Board, a co-host such as Fintastic Week bring Bof FinTech will be cele- bin Khalifa Al Khalifa, Minister the GCC Financial Forum in FinTech is being increasingly of Fintastic Week noted: “The these fresh and new ideas to brated later this month as the of Finance and National Econo- partnership with the Economic felt across the Middle East as FinTech space in the Middle the table.” Death sentence upheld for imam’s murderer Manama premeditated murder, hiding and technical reports confirmed trial after all evidences, includ- of the suspect’s lawyer and sen- evidences related to the crime that the body was of the Imam of ing the suspects’ and eyewit- tenced unanimously the suspect he Court of Cassation and hiding the body after violat- Bin Shaddah Mosque who had nesses’ testimonies as well as to death. yesterday upheld the ing its sanctity. been killed and cut into piec- medical, forensic and technical The suspect challenged the Tdeath sentence handed The Public Prosecution es by the Muezzin (caller for reports, confirmed the accusa- verdict before the Court of Ap- down to the killer of Abduljalil launched an investigation fol- prayer). tions. peals and then the Court of Cas- Hmood, the Imam of Bin Shadd- lowing a notification on finding The Public Prosecution re- The High Criminal Court sation, which upheld the death ah Mosque. the body cut into pieces inside ferred the Muezzin for criminal heard the case in the presence sentence. The suspect had earlier been plastic bags in Al Mazra area referred by the Public Prose - near a scrap yard. cution for trial on charges of Imam Abduljalil Hmood Examination, investigations

Works Ministry ex-assistant undersecretary loses appeal | Manama TDT formed an investigative com- mittee into the claims of mis- former assistant under- takes made during the period of secretary at the Works, electrical works at the hospital. Municipalities Affairs 4.16 The results of the committee’s A million Bahraini dinars and Urban Planning Ministry investigation found the former had his three-year imprison- is the losses suffered assistant undersecretary and an ment upheld yesterday for wast- by the Works Ministry engineer guilty. due to negligence from ing more than BD4 million of the part of officials. The investigations also public funds. showed that the total financial The Cassation Court rejected losses caused by the defendants the defendant’s appeal as he was during the establishment of to the project was BD41,64,000, found guilty, along with another King Hamad University Hos- an amount that was paid from defendant, of causing financial pital. the budget allocated by the min- losses exceeding BD4 million This came after the ministry istry to implement the project.

Road traffic staff’s jail term upheld in bribe case | Manama TDT fendant bribes to cancel their traffic violations despite know- n Arab national em - ing that it was an illegal act, ployed by the General My car was confiscated according to court files. ADirectorate of Traffic, by the traffic The case was brought to light who was sentenced to one authorities and the by one of the co-accused who year behind bars for accept- Arab man promised filed a complaint against the ing bribes, had his sentence me to take me out of Arab national. upheld by the appeals court all legal troubles for “My car was confiscated by yesterday. the traffic authorities and the Two other Asian men stood BD800. Arab man promised me to take trial with him in this case, but VICTIM me out of all legal troubles for they were acquitted by the High BD800. I gave him the money Criminal Court earlier due to sort out their traffic-related is- and he cheated me,” the second lack of evidence. sues thanks to his job. accused told prosecutors. The Arab man is said to have The two Asian men, on the The Arab man will be deport- been conning money out of peo- other hand, were believed to ed from Bahrain once he com- ple on the pretext that he could have offered their first co-de- pletes his jail time. TUESDAY, FEBRUARY 12, 2019 04 Spring of Culture Festival set The latest season of the festival comes as part of BACA’s year-long celebrations of Bahrain’s achievements TDT | Manama when Manama was the Capital of were BACA President Shaikha Mai as this year marks its 100th anni- Arab Tourism in 2013 to mark the bint Mohammed Al Khalifa and versary,” she added. or the 14th consecutive birthday of the great Arab travel- EDB CEO Khalid Al Rumaihi, as She went on to note that the fes- year, the Spring of Culture ler Ibn Battuta. well as several diplomats and tival, which runs for more than FFestival returns in a new Details of this season’s agenda ambassadors, festival sponsors, two months, is a continuation of cultural season full of activities were announced at a joint press cultural personalities and media the nation’s journey of cultural that cater to various tastes, in- conference organised yesterday members. achievements and meeting of civi- terests and age groups and un- at Al Hidaya Al Khalifiya School Speaking on the occasion, Shai- lisations, with a full-fledged and di- derscore the Kingdom’s position in Muharraq by the Bahrain kha Mai said, “We announce the verse schedule of literary, musical, as a leading regional and global Authority for Culture and An- 14th edition of the Spring of Cul- artistic, and theatrical activities. cultural hub. tiquities (BACA), Economic De- ture from Al Hidaya Al Khalifiya Gold Sponsors of the 2019 As is in every year, the Spring velopment Board (EDB) and the School, a beacon which reflects Spring of Culture include GFH Fi- of Cultural programme of activi- Shaikh Ebrahim bin Mohammed Bahrain’s social, economic and cul- nancial Group, National Bank of ties that will be hosted by a broad Al Khalifa Centre for Culture and tural advancements.” Bahrain and Tamkeen and Batel- range of local cultural, historical Research (SECCR), in collabora- Shaikha Mai speaks at the press conference. “The school is one of the land- co, while Silver Sponsors include and architectural landmarks will tion with Albareh Art Gallery and marks of this year’s celebrations of ALBA, Bahrain Airport Company, commence on February 25 in con- La Fontaine Centre for Contem- comes as part of BACA’s year-long Jubilee to Another”- A Year of our national achievements under Bahrain Duty Free, Bank of Bah- junction with Arab Tourism Day, porary Art. celebrations of Bahrain’s achieve- Celebrations. the slogan ‘From One Jubilee to rain and Kuwait, and Huawei, and an occasion which was adopted The latest season of the festival ments under the slogan “From Attending the press conference Another’- A Year of Celebrations, supported by Gulf Air. VAT seminar for unregistered businesses held TDT | Manama est businesses are now largely registered in other GCC countries – and also from the ey decision makers, including for VAT, it was clear that the government, experiences of Bahrain’s largest business- CFOs, heads of finance, chief ac- businesses and advisers were all going to es over the last six weeks.” Kcountants and lawyers, gathered have to work together if implementation Presenters including Khadir and at the Downtown Rotana in Manama was to be a success. Chris Park, Raman Ohri and Tariq Haq, yesterday to discuss how they and their “We saw in the UAE and Saudi that managers with Keypoint, discussed VAT businesses should react to VAT, described learning curves are steep and the con- fundamentals. At the seminar, Keypoint by one seasoned observer as the single sequences of mistakes can be sizeable. announced that its next seminar, aimed most significant change to have impacted Businesses large and small – as well as at larger businesses which had already Bahraini businesses in living memory. the National Bureau for Revenue and tax registered for VAT, would be held towards Mubeen Khadir, who heads Keypoint’s advisers like us – can all learn from what the end of March, with submitting the first tax practice, said that, while Bahrain’s larg- went well, and not so well, with their peers A session in progress at the seminar. VAT return a key talking point. 05 TUESDAY, FEBRUARY 12, 2019

CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT for the year ended 31st December 2018 for the year ended 31 December 2018 / US$ 000’ 2018 2 0 1 7 Continuing operations

Income from investment banking activities 40,100 121,294 CONSOLIDATED STATEMENT OF FINANCIAL POSITION Fees and commission income 7,989 6,631 As at 31 December 2018 / US$ 000’s 31 December 2018 31 December 2017 Income from placements with financial institutions 3,980 3,177 ASSETS Income from financing assets and assets acquired for leasing 72,799 73,377 Cash and bank balances 341,567 216,445 Share of profits of equity-accounted investees, net 3,161 (248) Placements with financial institutions 289,558 95,569 Income from investment securities, net 33,725 11,313 Financing assets 920,676 992,502 Foreign exchange gain, net 1,252 4,050 Investment securities 773,134 521,408 Assets acquired for leasing 288,271 257,806 Income from settlement of liabilities 113,147 - Investment property 523,692 616,263 Other income, net 55,472 48,211 Development properties 1,316,318 893,037 Income before return to investment account holders and finance expense 331,625 267,805

Equity-accounted investees 66,964 81,440 Return to investment account holders before Group’s share as Mudarib (37,731) (39,480) Assets held-for-sale 147,141 - Bank’s share as Mudarib 14,904 19,726 Property and equipment 92,902 117,135 Return to investment account holders (22,827) (19,754) Other assets 229,142 318,852 Less: Finance expense (62,585) (43,692) Total assets 4,989,365 4,110,457 Total income 246,213 204,359 LIABILITIES Investors’ funds 46,639 39,413 Staff cost 53,135 40,914 Placements from financial institutions, other entities and individuals 1,628,389 858,496 Investment advisory expenses 14,477 8,778 Customer current accounts 177,906 189,607 Other operating expenses 49,477 49,387

Financing liabilities 256,137 365,062 Total expenses 117,089 99,079 Liabilities directly associated with assets held-for-sale 42,749 - Profit before impairment allowances 129,124 105,280 Other liabilities 517,857 255,733 Less: Impairment allowances (17,614) (9,381) Total liabilities 2,669,677 1,708,311 Profit for the year from continuing operations 111,510 95,899 Equity of investment account holders 896,910 906,353 Discontinued operations OWNERS’ EQUITY Share capital 975,638 975,638 Profit from operations of non-banking subsidiaries, net 3,539 7,289 Share premium - 3,058 PROFIT FOR THE YEAR 115,049 103,188 Treasury shares (85,424) (58,417) Profit for the year attributable to:

Statutory reserve 92,483 105,893 Shareholders of the Bank 114,076 104,182 Fair value reserve (4,725) - Non-controlling interests 973 (994) Foreign currency translation reserve (43,380) - 115,049 103,188 Retained earnings 123,136 122,825 Earnings per share Share grant reserve 1,086 1,026 Basic and diluted earnings per share (US cents) 3.22 3.58 Total equity attributable to shareholders of the Bank 1,058,814 1,150,023 Non-controlling interests 323,408 345,770 Earnings per share – continuing operations Non-controlling interests held-for-sale 40,556 - Basic and diluted earnings per share (US cents) 3.12 3.30 Total owners’ equity 1,422,778 1,495,793 Total liabilities, equity of investment account holders and owners’ equity 4,989,365 4,110,457

CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED Attributable to shareholders of the Bank for the year ended 31 December 2018/ US$ 000’s 2018 2017 STATEMENT OF CHANGES Non – Foreign Non – controlling Total IN OWNERS’ EQUITY currency Share OPERATING ACTIVITIES for the year ended 31 December 2018 / Share Share Treasury Statutory Fair value Retained controlling interests owners’ capital Premium shares reserve reserve transla- earnings grant (US$ 000’s) tion reserve Total interests held-forsale equity reserve Profit for the year 115,049 103,188 Balance at 1 January 2018 975,638 3,058 (58,417) 105,893 - - 122,825 1,026 1,150,023 345,770 - 1,495,793 Adjustments for: (as previously reported) Income from investment banking activities (8,500) (80,511) Impact of adoption of FAS 30 ------(16,586) - (16,586) (13,092) - (29,678) Impact of adoption of FAS 30 by Income from investment securities (33,725) (11,313) ------(965) - (965) - - (965) associates Share of profit of equity-accounted investees, net (3,161) (7,041) Balance at 1 January 2018 975,638 3,058 (58,417) 105,893 - - 105,274 1,026 1,132,472 332,678 - 1,465,150 (restated) Foreign exchange gain, net (434) (4,050)

Profit for the year ------114,076 - 114,076 973 - 115,049 Other income (6,902) (18,000) Foreign currency translation - - - - - (43,380) - - (43,380) (15,331) - (58,711) Income from settlement of liabilities (113,147) - differences Fair value changes during the year - - - - (4,725) - - - (4,725) - - (4,725) Finance expense 62,585 43,692 Total recognised income - - - - (4,725) (43,380) 114,076 - 65,971 (14,358) - 51,613 Depreciation and amortisation 2,099 6,279 and expense Impairment allowances 17,614 9,381 Dividends declared for 2017 ------(82,412) - (82,412) - - (82,412) Transfer to zakah and charity fund ------(2,432) - (2,432) (522) - (2,954) 31,478 41,625 Derecognition on loss of control ------(24) - (24) (804) - (828) Changes in: Issue of shares under ------62 60 122 98 - 220 Placements with financial institutions (168,286) 3,193 incentive scheme Financing assets 9,256 (21,912) Transfer to statutory reserve - - - 11,408 - - (11,408) - - - - - Purchase of treasury shares - - (160,973) - - - - - (160,973) - - (160,973) Asset acquired for leasing (30,465) (11,549) Sale of treasury shares - (3,058) 133,966 (24,818) - - - - 106,090 - - 106,090 Other assets 9,458 (97,437) Non-controlling interests arising ------6,316 40,556 46,872 Investors’ funds 7,226 (5,152) on acquisition of subsidiaries Placements from financial institutions, other entities and individuals 769,893 287,981 Balance at 31 December 2017 975,638 - (85,424) 92,483 (4,725) (43,380) 123,136 1,086 1,058,814 323,408 40,556 1,422,778 Customer current accounts (11,701) (3,176)

Other liabilities (132,128) 9,049

Attributable to shareholders of the Bank Equity of investment account holders (9,443) (115,837) Non – Total CONSOLIDATED STATEMENT OF Capital Share CBB reserve account (8,913) 6,354 CHANGES IN OWNERS’ EQUITY Share Share Treasury adjust- Statutory Retained grant controlling owners’ Capital premium shares ment reserve earnings Net cash generated from operating activities 466,375 93,139 for the year ended 31 December 2018 / (US$ 000’s) account reserve Total interests equity INVESTING ACTIVITIES Balance at 1 January 2017 597,995 - (340) 24,320 93,768 191,379 902 908,024 213,683 1,121,707 Profit for the year - - - - - 104,182 - 104,182 (994) 103,188 Payment for purchase of equipment, net (2,814) (921) Total recognised income and expense - - - - - 104,182 - 104,182 (994) 103,188 Purchase of investment securities (336,120) (220,030)

Issuance of share capital 314,530 2,896 - (24,320) - - - 293,106 176,754 469,860 Purchase of additional stake in an associate (5,730) -

Bonus shares issued 59,799 - - - (59,799) - - - - Proceeds from sale of investment securities 118,860 51,875 Dividends declared for 2016 - - - - (59,799) - (59,799) - (59,799) Dividend and income from investment securities 25,308 14,857 Transfer to zakah and charity fund - - - - (3,509) - (3,509) - (3,509) Net cash paid for acquisition of a subsidiary (17,276) - Acquisition of additional interests in subsidiaries and resulting (Purchase) / sale of investment and development properties (15,952) 1,857 - - - - 1,707 (39,211) (40) (37,544) (34,816) (72,360) changes in non-controlling interests, net Proceeds from sale of private equity subsidiaries 104,591 53,694 Transfer to statutory reserve - - - - 10,418 (10,418) - - - - Net cash used in investing activities (129,133) (98,668) Issue of shares under staff FINANCING ACTIVITIES incentive scheme, net of 3,314 3,564 - - - - 164 7,042 - 7,042 forfeitures Financing liabilities, net (9,810) 126,255 De-recognition of a subsidiary on ------(8,857) (8,857) loss of control Finance expense paid (55,665) (36,245) Purchase of treasury shares - - (82,839) - - - - (82,839) - (82,839) Purchase of treasury shares, net (54,883) (65,139)

Purchase of treasury shares - (3,402) 24,762 - - - - 21,360 - 21,360 Dividends paid (76,151) (59,799) Balance at 31 December 2016 975,638 3,058 (58,417) - 105,893 122,825 1,026 1,150,023 345,770 1,495,793 Acquisition of additional shares in a subsidiary - (15,228)

Net cash used in financing activities (196,509) (50,156) The consolidated financial statements were approved by the Board of Directors on 11 February 2019 and signed on its behalf by: Net increase / (decrease) in cash and cash equivalents 140,733 (55,685)

Cash and cash equivalents at 1 January 256,887 312,572

CASH AND CASH EQUIVALENTS at 31 December 397,620 256,887

Cash and cash equivalents comprise H.E. Shaikh Ahmed Bin Khalifa Al-Khalifa Hisham Alrayes Cash and balances with banks (excluding CBB reserve account and Vice Chairman Chief Executive Officer & Board Member 284,649 169,619 restricted bank balances) Placements with financial institutions (with original maturity of three 112,971 87,268 “The above Consolidated Statement of Financial Position, Income Statement, Statement of Cash Flow and the Changes in Owners’ Equity have been extracted from Consolidated Financial Statements of GFH Financial Group B.S.C. for the months or less) year ended 31st December 2018, which were audited by KPMG, who have expressed an Unqualified Opinion on 11 February 2019”. 397,620 256,887 06 TUESDAY, FEBRUARY 12, 2019 world Battle on for last IS pocket

AFP | Sousa, Syria ing the advance, he said. Backed by coalition air strikes, yrian fighters backed by the SDF alliance has been bat- artillery fire from a US-led tling to oust the jihadists from Scoalition battled a fierce the eastern province of Deir Ez- jihadist fightback yesterday as zor since September. they pushed to retake a last mor- sel of territory from the Islamic Screening for jihadists State group. Since December, tens of Mushrooming black clouds thousands of people, most rose over the embattled jihadist women and children related holdout in eastern Syria, as mis- to IS fighters, have fled to SDF siles and a warplane streaked territory. through the sky. US-backed forces have More than four years after screened the new arrivals, weed- the extremists declared a “ca- ing out potential jihadists for liphate” across large parts of questioning. Syria and neighbouring Iraq, On Monday, dozens of co - several offensives have whittled alition and SDF fighters were that proto-state down to a tiny stationed at a screening point holdout. (L to R) French Major of the Wagram Task Force Francois-Regis Legrier explains for new arrivals from IS The Kurdish-led Syrian Dem- military positions on a sand map to French Defence Minister Florence Parly, areas. ocratic Forces (SDF) on Satur- French General Jean-Marc Vigilant, US Army General Paul La-camera, and French Coalition forces stood over day announced the final push ambassador to Iraq Bruno Aubert, at a French artillery forward operating base about 20 men who were crouch- to expel hundreds of diehard (FOB) near al-Qaim in Iraq’s western Anbar province opposite Syria’s Deir Ezzor ing on the ground. jihadists from that patch on the region, a few kilometres away from the last scrap of territory held by IS Some 600 people were able to Iraq border. reach SDF territory on Sunday “IS launched a counterattack after fleeing the fighting, the on our forces and we are now reports of executions. slowly in what remains of Observatory said. responding with rockets, air The Syrian Observatory for the IS pocket” on the edges The SDF -- which has said it strikes and direct clashes,” SDF Human Rights, a Britain-based of the village of Baghouz, Ob- expects the final offensive to spokesman Mustafa Bali told monitor, said the alliance of servatory chief Rami Abdel be over in days -- announced AFP Monday. A gunner mans a machine gun at the back of a US Marine Corps V-22 Osprey Kurdish and Arab fighters had Rahman said. Sunday that it had taken some He said there were “dozens of flying near a French artillery forward operating base (FOB) near al-Qaim in Iraq’s pressed on yesterday morning in But landmines, IS snipers, and 40 positions from the jihadists SDF hostages held by IS” inside western Anbar province opposite Syria’s Deir Ezzor region, a few kilometres the face of tough obstacles. tunnels the extremists have dug following direct combat involv- their last foothold, but denied away from the last scrap of territory held by IS “The SDF are advancing out for their defence are hinder- ing light weapons.

Armoured van driver disappears with 1 million euros Bobigny, France “When they came back out, the van and the driver were he driver of an armoured gone,” one of the sources said. Tcash delivery van disap - The van was found soon af- GFH Board Recommendation peared outside Paris early on terwards a few blocks away for Distribution of Dividends Monday along with an estimat- with its doors wide open, but ed one million euros, police Representative picture the driver and the bags of cash, for the Year Ended 31st December 2018 sources said. worth some $1.13 million, were The 28-year-old man had suburb just north of the capital, nowhere to be found. stopped in front of a Western and stayed behind the wheel Loomis, the armoured van Union office at around 6:00 am as two of his colleagues went company, did not return calls (0500 GMT) in Aubervilliers, a inside. seeking comment.

The Board of Directors of GFH Financial Group (“GFH”) agreed in its meeting At least 99 dead after consuming held on Monday, 11th February 2019 to recommend distributions as below, for the approval of the general assembly in its upcoming Ordinary General toxic alcohol in northern India Meeting (OGM). The distributions, which will apply to all shareholders New Delhi, India registered as of the date of its OGM (the record date), will be recommended as follows: t least 99 people have died Aand scores have been hos- pitalised in northern India after • Cash dividends for all ordinary shares at a rate of 3.07% of par value at drinking toxic alcohol, trigger- US$0.008 per share, of a total of US$30,000,000. ing a crackdown against boot- leggers, officials said yesterday. News of the deaths in the • Bonus shares for all ordinary shares at a rate of 5.64% of par value at 1 states of Uttar Pradesh and Ut- share for every 17.7 ordinary shares held, and tarakhand has trickled in over the past three days, with police suspecting the moonshine had • Extinguishment of treasury shares amounting to 7% of the issued been cut with methanol. capital subject to approval of the relevant regulatory authorities. Cheap, locally-made liquor is common in parts of rural In- dia and bootleggers often add methanol -- a highly toxic form Indian relatives of victims who died from toxic locally-made alcohol cry at of alcohol sometimes used as an Saharanpur Civil Hospital in Saharanpur in the northern state of Uttar Pradesh anti-freeze -- to their product to increase its strength. Kumar Sharma said. khand state and that two had If ingested in large quan - In a neighbouring district a been arrested on suspicion of tities, methanol can cause senior police officer said nine supplying the liquor. blindness, liver damage and had died, adding that 66 sus- Newspaper reports death. pected bootleggers had been ar- said around 3,000 people In one district of Uttar rested and samples of the liquor linked with the illegal trade Pradesh 59 people had died sent to a laboratory for testing. were arrested across Uttar after consuming toxic alcohol, Police said at least 31 people Pradesh in the aftermath of police spokesman Shailendra died in neighbouring Uttara- the tragedy. TUESDAY, FEBRUARY 12, 2019 07

Trump takes border Sala killed by head and campaign to El Paso trunk injuries: inquest London, United Kingdom

rgentine footballer Emiliano Sala died of A“head and trunk inju- ries”, an inquest in England heard yesterday as it began to examine his death in a plane crash in the sea. Sala, 28, had signed for Eng- lish Premier League side Cardiff City and was flying to his new A metal fence marked with the US Border Patrol sign prevents people to get team from his old club Nantes close to the barbed/concertina wire covering the US/Mexico border fence, in in France when his plane went Nogales, Arizona missing over the Channel on border. But there’ll be a coun- El Paso, United States January 21. ter-message a short distance The wreckage was located on from where Trump speaks the seabed. The striker’s body resident Donald Trump when rising Democratic star was recovered but pilot David Ptakes his politically explo- Beto O’Rourke -- a possible Ibbotson is still missing. The Yellow flowers are displayed in front of the portrait of Argentinian forward Emiliano Sala at the Beaujoire stadium in sive push for walling off the challenger to Trump in 2020 plane remains under the sea. Nantes Mexican border to the frontier -- holds his own rally. In a brief hearing in Bourne- place and time of death as well “Police, the Air Accidents In- moving gestures in their Ligue 1 city of El Paso yesterday, four A former congressman who mouth on the south coast, an as how the deceased came by vestigation Branch and the Civil match against Nimes on Sunday. days before a deadline for Con- excited grassroots Democrats inquest into Sala’s death was their death, but they do not ap- Aviation Authority are continu- Known as the Canaries due to gress to meet his demands. last November with an against- opened, and adjourned until portion blame. ing with their inquiries,” he said. their yellow kit, Nantes played According to Trump, illegal the-odds near upset of Repub- November 6 pending further A fundraising campaign to in a one-off full black outfit with immigrants pose a national se- lican Senator Ted Cruz, O’Ro- inquiries. The post-mortem ‘You shouldn’t give up’ restart the search for Ibbotson Sala’s name on the back of each curity risk to the United States urke is from El Paso. presented at the hearing gave Senior coroner’s officer Ian is already more than half way to shirt. and can only be stopped by “While some try to stoke Sala’s cause of death as “head Parry told the hearing that the its £300,000 ($385,000, 340,000 Tickets for the game were dramatic extensions of current fear and paranoia, to spread and trunk injuries”. plane “was located on the sea- euro) target. sold at a symbolic nine euros barriers. lies and a false narrative about Sala was formally identified bed in international waters. “If you’ve got hope then you ($10) in memory of the player’s Trump chose El Paso as a the US-Mexico border and to by fingerprints. “Following a closer exami- shouldn’t give up,” his daughter shirt number, which they have historic crossing point where, demand a 2,000 mile wall In English law, inquests are nation of the site a body, later Danielle told ITV television. also withdrawn. he says, walls have eradicat- along it at a time of record held to examine sudden or un- identified as Mr Sala, was found “He wouldn’t stop searching Before Saturday’s Premier ed an out-of-control influx of safety and security, El Paso will explained deaths. and recovered. for me.” League match between South- criminals from Mexico and come together for a march and They set out to determine the “To date the pilot, Mr Ibbot- Nantes gave a final rousing ampton and visitors Cardiff, a made the city a model for what celebration that highlights the identity of the deceased, the son, has not been found. send off to Sala with a series of minute’s silence was observed. could happen elsewhere on the truth,” O’Rourke’s office said.

4 killed as hospital torched in Russia jails IS pair for 15 years Cameroon’s anglophone west Moscow, Russia Douala, Cameroon ple and burnt down the hos- pital,” said an administrative Russian court on our people died when official in the Kumba region, AMonday jailed two Fgunmen raided a hospi- confirming information from members of the Islamic tal and burnt it to the ground a witness. State group for 15 years in western Cameroon where It was not immediately clear for planning attacks on a anglophone separatists have whether the victims were shot mall and public transport been fighting troops, wit - or died in the fire, nor wheth- in Moscow, news agencies nesses and a local official said er they were patients at the reported. yesterday. facility. Bakhtiyor Makhmudov The incident occurred in The incident occurred on and Zafarkhon Rakhma- Kumba, a town which serves National Youth Day, the an- tov from Muslim-majority as the commercial hub for the niversary of the 1961 referen- Tajikistan will serve their anglophone region and which dum which saw Cameroon’s sentences in a “strict regime has been badly hit by the vio- western English-speaking camp”, a court statement lence between separatists and areas joined onto the fran - said. Cameroon troops that began in cophone areas which had Russia’s FSB security ser- October 2017. just won independence from vice arrested the duo in De- “Attackers killed four peo- France. cember 2017.

War on drugs

A Pakistani official uses a steamroller to crush bottles of liquor beside a burning pile of drugs on the outskirts of Karachi, during an event organised by the Pakistan Coast Guards to destroy seized illicit alcohol and drugs smuggled into the country. IF YOU LOVE LIFE, DON’T QUOTE WASTE TIME, FOR TIME IS OF THE WHAT LIFE IS MADE UP OF. DAY BRUCE LEE TUESDAY, FEBRUARY 12, 2019

The alarming allure of Australia’s brumbies Germany wants more The environment is being sacrificed for a national myth women in politics Forced parity is fundamentally anti-democratic though it is aimed at attaining equality

when compared with their po- litical engagement: The share of women in the Social Democrats’ parliamentary caucus is 42 per cent, even though women make up 32pc of the party’s member- JOCHEN BITTNER ship. The Greens do even bet- ter: Women enjoy a majority in omen in Germany the caucus, while they make up won the right to vote 40pc of their membership. Win 1918, but a centu- Merkel’s center-right Chris- ry later they still do not enjoy tian Democrats, the largest party equal representation. Though in the Bundestag, perform less the country is led by a wom- well, with about 25pc in each an — who will, most likely, be category. Yet the party has been succeeded by another woman led by a woman, Merkel, for 19 — fewer than a third of the mem- years, and in December it passed bers of the federal Parliament, over two men to elect another the Bundestag, are female. woman, Annegret Kramp-Kar- That’s why leading figures renbauer, as its new leader. from all major German par - In other words, absent a quo- ties are now calling for pari - ta, Germany is not about to ty: a 50-50 quota for male and reach gender parity in politics, female representatives in the but it is steadily moving in that Bundestag and the 16 state-level direction — and will make even parliaments. But is achieving a more strides if, in the meantime, gender balance in Germany’s it tackles some of the underlying legislatures worth weakening issues keeping women from en- another hard-fought accom- tering the field in the first place. plishment, the right to free elec- “I am not a great fan of quotas, One of the virtues of a time-intensive and family-un- chancellor, Angela Merkel, One of the virtues of a gen - toral choice? but I like the results they bring,” gender-blind democracy, friendly, often running late into stated that “for a woman, com- der-blind democracy, like the This week the Parliament in said Viviane Reding, a former the night. And in German socie- manding authority is something one established under Ger - Brandenburg became the first commissioner of the European like the one established ty, for all its pretensions to gen- she needs to learn.” Margaret many’s postwar Constitution, to require all political parties Union. under Germany’s postwar der equality, a woman is expect- Thatcher underwent special is that we can let these social to nominate an even slate for But parity laws come at too Constitution, is that we can ed to be the primary caregiver, training to lower her voice. changes play out as far as society state elections, starting in late high a price. Forced parity let these social changes while it is less acceptable for a Can anyone imagine the op- wants. It’s not hard to imagine a 2020. The centre-left Social would turn unequal representa- play out as far as society man to tell his superiors that he posite: a male politician striving day when the makeup is flipped, Democratic Party is pushing tion, at least in part, into forced wants. has to go home earlier to get the to sound more like a woman and women constitute 70pc of for a similar rule for national representation. It would ques- kids’ supper or put them to bed. because the power struggle de- the Bundestag. elections. The party is already tion voter judgment and pre-en- Men and women are entitled mands it? There you go. Too And that, above all, is the informally enforcing such a rule gineer a certain result. It would to care for their families equally many women see these infor- problem with quotas. I asked in its selection of candidates for impair the freedom of parties to if they want to. It is every man’s mal but powerful rules stacked one of its proponents, a young the coming European Parlia- nominate their best candidates. duty to make this clear to his against them, and stay away Social Democrat named Kevin ment elections, in May, in the It would install a discriminatory boss. And, if his boss doesn’t from politics altogether. Kühnert, if his party’s parity process overruling the results principle that could eventually listen, it is the job of legislators Unconscious bias can’t be leg- rule would allow it to put up of local party votes. swing back at the very group it to help change the rules so that islated away. But it can be fought more than 50pc women as its Most people can agree that aims to emancipate. he has to. in the public sphere, through nominees. No, he said — it had to equal representation in our Nor will quotas, in the imme- ert their influence in thousands A second factor is uncon - government and private cam- be 50-50. This is where the idea elected bodies is a desirable diate term, do anything to over- of ways. First, we have to tackle scious bias. For instance, a deep paigns to raise awareness of the comes back to haunt its inven- goal. In a democracy, the peo- turn the root causes of gender those. male voice is often associated unseen barriers that keep wom- tors. I had always thought that ple’s representatives should disparity in political representa- For example, we should ask with authority, whereas a fe - en from engaging in politics. equal opportunity for women look like the people. Laws that tion. The problem, not only in what keeps women from en - male voice has less social clout In fact, Germany may be well meant something else. put more women onto the field politics, is an unlevel playing tering politics in the first place. and gets easier talked over. Too on its way. Women already have (Jochen Bittner is a political editor for might look like a good start. And field for men and women. Thou- Legislative sessions, from local often this becomes an onus on proportionally more representa- the weekly newspaper Die Zeit and a parity laws achieve that goal. sands of years of patriarchy ex- councils to the Bundestag, are women. Recently, the German tion in the Bundestag than men, contributing opinion writer. ) Indonesian govt in best efforts to boost Islamic economy

standing at around 6pc of the total tions (formal and informal), it is dinate and synergise the efforts of and innovation for product devel- banking assets. the first country and the only one all Islamic economy’s stakeholders. opment of Islamic finance; and (4) Uniquely, unlike most top Is- that issues retail Sukuk, it is the Given the importance role that the To look for solutions on various lamic financial centers such as the first country that has Islamic online committee plays, KNKS is directly strategic problems in the develop- Kingdom of Bahrain which focus trading system (SOTS) in capital chaired by the President of Indo- ment of Islamic finance. KNKS has a more on the wholesale segment, market sector, and the first and nesia His Excellency Joko Widodo. Masterplan for Indonesian Islamic DR SUTAN EMIR HIDAYAT the Islamic financial market in In- the only one that implements the The main functions of KNKS are Financial Architecture and is cur- donesia is strongly retail-oriented concept of Baitul Maal wat Tamwil. to fasten, widen, and advance the rently finalising the Masterplan t is well known that the Repub- and segmented in a distinctive way, In addition, it has more regulations development of Islamic Economy for Indonesian Islamic Economy. lic of Indonesia is the world’s making it a lot more complex than pertaining to Islamic finance than in the country in order to support KNKS’ vision is to make Indonesia Ilargest Muslim country. How- other countries. The market struc- any other countries even though national economic development. as the world’s prominent centre of ever, the development of Islamic ture consists of several layers that they are scattered and sometimes According to the Presidential Islamic Economy. economy including Islamic finance have loosely defined boundaries split between too many regulators. Decree No. 91/2016, the roles of The main programmes of KNKS is still far from its potential. For with overlaps that are sometimes Based on the above challenges KNKS are as follows: (1) To make are to (1) Establish strong and re- example, despite Islamic finance disputed among the players. and potentials, the government the policy and strategy recommen- silient state owned Islamic banks; in Indonesia has officially existed Despite the above challenges, In- of Indonesia has recently estab- dations; (2) To coordinate, monitor, (2) Create the country’s first full- for more than two decades in the donesia has some unique strengths. lished a National Islamic Finance and evaluate the planning and the fledged Islamic Investment Bank; country, the market share of Is- The country has the largest num- Committee known in Indonesia implementation of strategic pro- (3) Establish an Indonesian based lamic banking in the country is still ber of Islamic financial institu- as KNKS mandated to lead, coor- grams; (3) To promote the research world class takaful operator; (4)

Hon. Chairman Najeb Yacob Alhamer | Editor-in-Chief Mahmood AI Mahmood | Deputy Editor-in-Chief Ahdeya Ahmed | Chairman & Managing Director P Unnikrishnan | Advertisement: Update Media W.L.L | Tel: 38444692, Email: [email protected] | Newsroom: Tel: 38444680, Email: [email protected] Subscription & circulation: Tel: 38444698/17579877 | Email:[email protected] | Website: www.newsofbahrain.com | Printed and published by Al Ayam Publishing IF YOU LOVE LIFE, DON’T TODAY 1971 1976 1986 1990 QUOTE WASTE TIME, FOR TIME IS DAY IN OF THE WHAT LIFE IS MADE UP OF. The Harrisburg Seven: Rev. Philip Ber- The United Nations Security Council Space Shuttle program: Congressman A seven-day pogrom breaks out against DAY HISTORY rigan and five other activists are indict- votes 11–1 to allow the Palestine Liberation Bill Nelson lifts off from Kennedy Space the Armenian civilian population BRUCE LEE ed on charges of conspiring to kidnap Organization to participate in a Security Center aboard Columbia on mission of Baku, Azerbaijan, during which TUESDAY, FEBRUARY 12, 2019 Henry Kissinger in Washington, D.C. Council debate (without voting rights). STS-61-C as a payload specialist. Armenians were expelled from the city.

The alarming allure of Australia’s brumbies TOP Germany wants more The environment is being sacrificed for a national myth TWEETS4 women in politics 01 Forced parity is fundamentally anti-democratic though it is aimed at attaining equality A. ODYSSEUS PATRICK when compared with their po- ince this country’s founding litical engagement: The share of in the early 20th century, eriously. Record your women in the Social Democrats’ Sthe packs of untamed hors- Sparents and take lots parliamentary caucus is 42 per es that roam freely through our of pictures of them. I cent, even though women make beautiful and hostile alpine land- can’t seem to hold my up 32pc of the party’s member- scape have captured the public’s dad’s face in my mind— JOCHEN BITTNER ship. The Greens do even bet- imagination. The savage grace I’d be a mess if I didn’t ter: Women enjoy a majority in and freedom of the horses — have lots of recent photos. omen in Germany the caucus, while they make up known here as brumbies — have @soledadobrien won the right to vote 40pc of their membership. made them into a popular symbol Win 1918, but a centu- Merkel’s center-right Chris- of the national spirit. ry later they still do not enjoy tian Democrats, the largest party Today, environmentalists want equal representation. Though in the Bundestag, perform less the brumbies shot. the country is led by a wom- well, with about 25pc in each Not since cattle roamed the 02 an — who will, most likely, be category. Yet the party has been mountain parks (before a ban succeeded by another woman led by a woman, Merkel, for 19 in the 1950s) have animals done — fewer than a third of the mem- years, and in December it passed such damage to the alpine regions bers of the federal Parliament, over two men to elect another that Australians proudly call the the Bundestag, are female. woman, Annegret Kramp-Kar- “high country.” That’s why leading figures renbauer, as its new leader. A 2014 survey estimated there from all major German par - In other words, absent a quo- were more than 9,500 wild horses s a physician, I must ties are now calling for pari - ta, Germany is not about to in the Australian Alps. Some of Ahave missed the lec- ty: a 50-50 quota for male and reach gender parity in politics, the horses descend from animals ture in physical diagnosis female representatives in the but it is steadily moving in that that belonged to settlers in the where we were taught Bundestag and the 16 state-level direction — and will make even early 1,800s. that we could predict the parliaments. But is achieving a more strides if, in the meantime, The brumbies eat fragile alpine New South Wales State enacted Opposition to culling is severe damage because the sen- asked to stop the government health of someone for gender balance in Germany’s it tackles some of the underlying moss. Their hoofs trample the a law last year ending a program also driven by a hostility sitive environment recovers very from removing wild horses from the duration of their job legislatures worth weakening issues keeping women from en- banks of creeks, killing vegeta- that had aimed to gradually re- slowly. the Bogong High Plains section of “and beyond.” That’s not another hard-fought accom- tering the field in the first place. tion that stops silt from building duce the brumby numbers over among local communities The legend of the bush battler the Alpine National Park. A deci- the practice of medicine. plishment, the right to free elec- “I am not a great fan of quotas, time-intensive and family-un- chancellor, Angela Merkel, One of the virtues of a gen - up. They destroy peat that takes the long term in the Alps’ largest towards environmentalists resisting state authority has be- sion is expected this year. That is carnival barking. One of the virtues of a and government toral choice? but I like the results they bring,” gender-blind democracy, friendly, often running late into stated that “for a woman, com- der-blind democracy, like the thousands of years to develop. reserve, the Kosciuszko National come a central and often-irresist- To apply political pressure, @DrWillieParker This week the Parliament in said Viviane Reding, a former the night. And in German socie- manding authority is something one established under Ger - Campers report the fear of being Park. conservationists. ible rationale for the protection of dozens of scientists published an Brandenburg became the first commissioner of the European like the one established ty, for all its pretensions to gen- she needs to learn.” Margaret many’s postwar Constitution, trampled by herds in the middle Misguided military lore in - rural interests at the expense of open letter in November arguing to require all political parties Union. under Germany’s postwar der equality, a woman is expect- Thatcher underwent special is that we can let these social of the night. creased the horses’ mystique. scientific and political progress. that the decision gave priority to a to nominate an even slate for But parity laws come at too Constitution, is that we can ed to be the primary caregiver, training to lower her voice. changes play out as far as society Populations of rare alpine water During World War I, Australian Australians’ attachment to rural single invasive species over many state elections, starting in late high a price. Forced parity let these social changes while it is less acceptable for a Can anyone imagine the op- wants. It’s not hard to imagine a skinks and broad-toothed rats are mounted units called the Light legends is exploited by local pol- native species and ecosystems, 03 2020. The centre-left Social would turn unequal representa- play out as far as society man to tell his superiors that he posite: a male politician striving day when the makeup is flipped, declining as the brumbies degrade Horse Brigades served with dis- iticians to deliver their commu- some of which are found nowhere Democratic Party is pushing tion, at least in part, into forced wants. has to go home earlier to get the to sound more like a woman and women constitute 70pc of their habitats. Three endangered tinction in Gallipoli and Beer- nities’ wish lists — from counter- else on Earth. These scientists ad- for a similar rule for national representation. It would ques- kids’ supper or put them to bed. because the power struggle de- the Bundestag. species — the corroboree frog, sheba in the Sinai Desert, where productive subsidies for farmers vocate shooting horses from heli- elections. The party is already tion voter judgment and pre-en- Men and women are entitled mands it? There you go. Too And that, above all, is the the mountain pygmy possum and they carried out a famous charge who haven’t prepared for drought copters right away (large parts of informally enforcing such a rule gineer a certain result. It would to care for their families equally many women see these infor- problem with quotas. I asked the stocky galaxias, a fish found at entrenched Turkish soldiers to the construction of an inland the park are inaccessible by vehi- in its selection of candidates for impair the freedom of parties to if they want to. It is every man’s mal but powerful rules stacked one of its proponents, a young in only one river system — are at over open ground. railway line of dubious value. cle). Barilaro, the politician, says the coming European Parlia- nominate their best candidates. duty to make this clear to his against them, and stay away Social Democrat named Kevin risk unless the number of horses Some of the Light Horse sol- Opposition to culling is also Australians’ “social conscience” OhoodAlRoumi, ment elections, in May, in the It would install a discriminatory boss. And, if his boss doesn’t from politics altogether. Kühnert, if his party’s parity is reduced quickly, scientists say. diers came from the high country. duced a pro-brumby law. driven by a hostility among lo - won’t accept shooting, and they @UAE Minister of process overruling the results principle that could eventually listen, it is the job of legislators Unconscious bias can’t be leg- rule would allow it to put up The environment is being sac- Many Australians believe that The war story doesn’t stand up. cal communities towards envi- should be moved to less-vulner- State for Happiness and of local party votes. swing back at the very group it to help change the rules so that islated away. But it can be fought more than 50pc women as its rificed for a national myth. The brumbies made an important con- The Australian army preferred ronmentalists and government able areas of the reserve. Wellbeing, at Women in Most people can agree that aims to emancipate. he has to. in the public sphere, through nominees. No, he said — it had to cultural bias for brumbies has tribution to the horse regiments. Walers, a sturdy breed that could conservationists. A leading pro- Safeguarding a nation’s cul- Government Forum says: equal representation in our Nor will quotas, in the imme- ert their influence in thousands A second factor is uncon - government and private cam- be 50-50. This is where the idea helped the tourism industry — Among them is the deputy pre- travel long distances in hot cli- ponent of the new state law is a tural heritage is as important ‘In the #UAE we have elected bodies is a desirable diate term, do anything to over- of ways. First, we have to tackle scious bias. For instance, a deep paigns to raise awareness of the comes back to haunt its inven- reinforced by anti-scientific senti- mier of New South Wales, John mates with little water, and a former conservative politician as protecting its environmental great numbers. In the goal. In a democracy, the peo- turn the root causes of gender those. male voice is often associated unseen barriers that keep wom- tors. I had always thought that ment among rural communities — Barilaro, the politician responsi- study for the New South Wales who now makes a living organis- heritage. But a fantasy, however Prime Minister’s office, ple’s representatives should disparity in political representa- For example, we should ask with authority, whereas a fe - en from engaging in politics. equal opportunity for women to successfully lobby government ble for shielding them today. National Parks Service found no ing horse rides in the park. appealing, should not be allowed 70% of govt employees look like the people. Laws that tion. The problem, not only in what keeps women from en - male voice has less social clout In fact, Germany may be well meant something else. officials to end an annual culling “Nothing is more synonymous evidence that brumbies were ever The horse advocates’ success to outweigh good science. are female. In the cab- put more women onto the field politics, is an unlevel playing tering politics in the first place. and gets easier talked over. Too on its way. Women already have (Jochen Bittner is a political editor for of the horses. with the Australian outdoor life- used by the army. has emboldened activists across (A Odysseus Patrick is the senior cor- inet, 30% are female.’ might look like a good start. And field for men and women. Thou- Legislative sessions, from local often this becomes an onus on proportionally more representa- the weekly newspaper Die Zeit and a The animals are now a protect- style than the brumby,” Barilaro In alpine national parks, even a the border in Victoria State, respondent at the Australian Financial #WorldGovSummit parity laws achieve that goal. sands of years of patriarchy ex- councils to the Bundestag, are women. Recently, the German tion in the Bundestag than men, contributing opinion writer. ) ed species. And the government of told the legislature when he intro- small number of horses can cause where in December a judge was Review.) @DXBMediaOffice Indonesian govt in best efforts to boost Islamic economy 04 standing at around 6pc of the total tions (formal and informal), it is dinate and synergise the efforts of and innovation for product devel- Convert the national social insur- in the country. It is well known that banking assets. the first country and the only one all Islamic economy’s stakeholders. opment of Islamic finance; and (4) KNKS can be used as a ance scheme into Islamic scheme, the development of Islamic econo- Uniquely, unlike most top Is- that issues retail Sukuk, it is the Given the importance role that the To look for solutions on various reference model for other (5) Establish Islamic marketplace my in the republic was mainly driv- lamic financial centers such as the first country that has Islamic online committee plays, KNKS is directly strategic problems in the develop- countries including the and Islamic digital payment sys- en by the grassroot movements. M @narendramodi Kingdom of Bahrain which focus trading system (SOTS) in capital chaired by the President of Indo- ment of Islamic finance. KNKS has a Kingdom on how government tem; (6) Establish Internation- KNKS can be used as a reference Ppersonally serving more on the wholesale segment, market sector, and the first and nesia His Excellency Joko Widodo. Masterplan for Indonesian Islamic can support the development al Centre for Islamic Economic model for other countries includ- lunch & interacting with DR SUTAN EMIR HIDAYAT the Islamic financial market in In- the only one that implements the The main functions of KNKS are Financial Architecture and is cur- of Islamic economy in their Studies; (7) Establish microfinance ing Kingdom of Bahrain on how children at the Akshaya donesia is strongly retail-oriented concept of Baitul Maal wat Tamwil. to fasten, widen, and advance the rently finalising the Masterplan sharing platform, and (8) Establish government can support the devel- Patra Foundation pro- t is well known that the Repub- and segmented in a distinctive way, In addition, it has more regulations development of Islamic Economy for Indonesian Islamic Economy. jurisdictions. a zakat sharing platform, and zakat opment of Islamic economy in their gramme in Vrindavan lic of Indonesia is the world’s making it a lot more complex than pertaining to Islamic finance than in the country in order to support KNKS’ vision is to make Indonesia banking account. The establish- jurisdictions. It is also expected that today. What a wonderful Ilargest Muslim country. How- other countries. The market struc- any other countries even though national economic development. as the world’s prominent centre of ment of KNKS is expected to boost KNKS will enhance the bilateral rela- sight! ever, the development of Islamic ture consists of several layers that they are scattered and sometimes According to the Presidential Islamic Economy. Indonesian ranking in the global tionship between Kingdom of Bah- @MrsGandhi economy including Islamic finance have loosely defined boundaries split between too many regulators. Decree No. 91/2016, the roles of The main programmes of KNKS Islamic indices such as the State rain and the Republic of Indonesia is still far from its potential. For with overlaps that are sometimes Based on the above challenges KNKS are as follows: (1) To make are to (1) Establish strong and re- of Global Islamic Economy Indi- especially in the areas of Islamic example, despite Islamic finance disputed among the players. and potentials, the government the policy and strategy recommen- silient state owned Islamic banks; cator (GIEI) and the Global Islamic economy and Halal industry. Disclaimer: (Views expressed in Indonesia has officially existed Despite the above challenges, In- of Indonesia has recently estab- dations; (2) To coordinate, monitor, (2) Create the country’s first full- Finance Report (GIFR). The estab- (Dr Sutan Emir Hidayat is an Associate by columnists are personal and for more than two decades in the donesia has some unique strengths. lished a National Islamic Finance and evaluate the planning and the fledged Islamic Investment Bank; lishment of KNKS also indicates Professor and the Head of Business need not necessarily reflect our country, the market share of Is- The country has the largest num- Committee known in Indonesia implementation of strategic pro- (3) Establish an Indonesian based the beginning of top down Islamic Administration Department at the editorial stances) lamic banking in the country is still ber of Islamic financial institu- as KNKS mandated to lead, coor- grams; (3) To promote the research world class takaful operator; (4) economy development approach University College of Bahrain.)

Hon. Chairman Najeb Yacob Alhamer | Editor-in-Chief Mahmood AI Mahmood | Deputy Editor-in-Chief Ahdeya Ahmed | Chairman & Managing Director P Unnikrishnan | Advertisement: Update Media W.L.L | Tel: 38444692, Email: [email protected] | Newsroom: Tel: 38444680, Email: [email protected] Subscription & circulation: Tel: 38444698/17579877 | Email:[email protected] | Website: www.newsofbahrain.com | Printed and published by Al Ayam Publishing 10 TUESDAY, FEBRUARY 12 2019 business

BCCI meeting on Garden Show OPEC isn’t a TDT | Manama al of the National Initiative cartel, doesn’t he Bahrain Chamber of for Agricultural Development fix oil prices: TCommerce and Industry Shaikha Maram bint Isa Al UAE expects Oil (BCCI) in cooperation with the Khalifa, who will shed light Barkindo National Initiative for Agricul- on partnership opportunities Reuters | Cairo tural Development is holding with leading companies in the an open meeting on the forth- field of agriculture and food PEC Secretary-General coming Bahrain International security. OMohammad Barkindo Garden Show 2019 tomorrow Bahrain International Gar- to balance in Q1 said the exporting group at 12 pm in Al Majlis Hall of den show will be held between was not in the business of Bait Al Tijjar building. 21st and 24th February 2019 in Dubai, United Arab Emirates fixing oil prices, when asked Speaking at the meeting Bahrain International Exhibi- lion barrels per day to shore up yesterday to comment on a will be the Secretary-Gener- tion and Convention Center. sagging prices. US House committee pass- he energy minister of the Based on provisional figures ing a bill targeting OPEC oil TUnited Arab Emirates said of production levels in Janu- supply cuts. yesterday supply and demand ary, most oil producing nations A US House of Represent- in the oil market should balance were complying to the cuts, atives committee approved out in the first quarter of 2019, Mazrouei said. a bill that would open up the UAE Exchange and following weeks of output cuts. The oil market, however, re- Organization of the Petrole- “My expectation is that we mains highly volatile and prices um Exporting Countries to will see the balance during the hover just above $60 a barrel antitrust lawsuits. Unimoni go live on first quarter unless something after recovering from as low as “OPEC is neither a cartel happens,” Suheil al-Mazrouei $50 a barrel. nor involved in the business told the three-day World That figure remains far below of fixing oil prices,” Barkin- Ripple’s blockchain Government Summit in the $85 a barrel oil hit in early do told Reuters. “It would Dubai. October before beginning to be a misjudgment to accuse TDT | Dubai “We are removing slide. us of such,” he said on the enough oil to correct Mazrouei said producers sidelines of an energy forum inablr, a global platform the market,” Maz- were “doing our best” to stabi- in Cairo. Ffor Payments and Foreign rouei said. lise the market. “OPEC is an open, trans- Exchange solutions, yesterday OPEC countries Khalid al-Falih, energy parent organisation focused announced that its network and other minister of the world’s top on assisting the oil markets brands UAE Exchange and Un- major supplier Saudi Arabia, said in to remain in balance on a imoni are now on RippleNet. oil pro- mid-January he expected the sustainable basis, which is The blockchain-based plat- ducers oil market to rebalance within a fundamental requirement form will be used for real-time in Jan- weeks. of investors,” Barkindo said. cross-border transactions to uary Oil prices crashed in mid- “The international oil Thailand, with plans in place began 2014 to below $30 a barrel, industry needs market sta- to extend it to other countries. implement- down from over $100 a bar - bility to plan and invest in With this, UAE Exchange ing a deal to rel, due to a glut in sup - a predictable manner in and Unimoni become the first cut output plies and weakening global order to guarantee future in their category in the Middle Suheil al-Mazrouei by 1.2 mil- demand. supplies.” East to have adopted block- chain technology to process transactions. Promoth Manghat, Executive This service has been Director and CEO at Finablr and launched first with Siam Group CEO at UAE Exchange and Unimoni VIVA Bahrain launches 5th Generation network Commercial Bank, one of the TDT | Manama largest banks in Thailand, en- and Group CEO at UAE Ex- abling UAE Exchange and Un- change and Unimoni, said, imoni customers around the “The adoption of blockchain IVA Bahrain, a telecommuni- world to transfer money in- opens up considerable poten- Vcation provider in Bahrain, stantly to their beneficiaries in tial to streamline remittances has announced the completion Thailand. and provide a frictionless, fast of 5G readiness in key locations Commenting on the launch, and secure payments experi- across Bahrain. Promoth Manghat, Executive ence.” VIVA, the company said, is Director and CEO at Finablr Expressing delight, Navin now the first operator in the Gupta, Managing Director, Kingdom to enable adoption South Asia and MENA at Rip- of 5G service and is planning ple, said, “We are excited to further roll-outs of 5G across With this, UAE Ex- see this collaboration go live, the country. change and Unimoni allowing customers in any part VIVA said the newly upgraded become the first in of the world to send live pay- network will ultimately enable ments to Thailand instantly customers to enjoy super-fast their category in the and efficiently.” internet and smart technolo- Middle East to have The Finablr network in - gies driven by the Internet of adopted blockchain cludes brands such as UAE Things including virtual reality, VIVA Bahrain management officials during a group photo session following the launch event technology to process Exchange, Unimoni, Travelex, ultimate real-time gaming, 3D transactions Xpress Money, Remit2India, 8K video, as well as providing VIVA Bahrain was the first with a major showcase in City tions and Transportation, the Ditto and Swych, and handled a platform for artificial intelli- operator in Bahrain to com - Centre Mall in the presence of head of the TRA, and other key more than 150 million transac- gence and connected cars. mercially pilot 5G back in June Minister of Telecommunica- executives. tions in 2017.

Ahli United Bank employees posing for a group photo during a special event held at the Bahrain Ritz Carlton to honour long-serving employees. In all, 255 staff members were recognised for their long and distinguished years of service. TUESDAY, FEBRUARY 12, 2019 11 US team in Beijing after IMF warning ping “in the near future” to iron intellectual property and myriad Hopes to reach a out the “more difficult points” barriers that US and other for- • fuelling the spat. eign companies face in the Chi- deal before March 1 While the two sides said nese domestic market. deadline set by Trump major progress was made af - China has offered to boost its ter talks last month in Wash - purchases of US goods during Talks will include ington, more recent comments the truce, but is likely to resist officials• from the have jarred financial markets, calls for structural changes to amplifying concerns about how its industrial policy including agriculture, energy and the dispute will affect global slashing government subsidies, commerce departments growth. said Louis Kuijs of Oxford Eco- Trump said last week that nomics. Beijing, China he did not expect to meet his “The US side will not fully re- Chinese counterpart before the move the spectre of tariff hikes trade truce expires on March 1, any time soon,” Kuijs said, giv- S negotiators were in and top White House economic en that there is “broad support Beijing yesterday for a adviser Larry Kudlow said that in the US for a hard stance on Unew round of high-stakes while Trump was “optimistic” China”. trade talks, hoping to reach a about a deal, a “sizable distance” The two sides have already deal before the March 1 dead- still separated the two sides. slapped tariffs on more than line set by Donald Trump as the Washington is demanding $360 billion in two-way trade, IMF warned of a possible global far-reaching changes from Chi- which has weighed on the two economic “storm”. na to address commercial prac- countries’ manufacturing sec- Preliminary discussions had tices that it says are deeply un- tors and sent jitters through been expected to start on Mon- fair, including theft of American global markets. day, according to the White House, before US Trade Rep- Economic storm resentative Robert Lighthizer US Deputy Trade Representative Jeffrey Gerrish (C) and members of his negotiation team leave a hotel ahead of a meeting and Treasury Secretary Steven with Chinese officials in Beijing he International Monetary out and what we know is that it Mnuchin step in for the main TFund warned on Sunday of is already beginning to have an event on Thursday and Friday. Deputy trade representative without talking to the media. The Chinese delegation will a possible economic “storm” as effect on trade, on confidence In December, Washington Jeffrey Gerrish was due to lead Neither side offered any con- be led by Vice Premier Liu He, growth forecasts dip. and on markets,” IMF managing suspended for three months its the US delegation in preparatory firmation that talks actually who will be joined by central It cited the trade row as one director Christine Lagarde told plan to increase tariffs on $200 meetings to begin on Monday, started. bank governor Yi Gang. of four “clouds” over the global the World Government Summit billion worth of Chinese imports the White House had said. Mnuchin and Lighthizer will Liu, China’s chief trade ne- economy, along with financial in Dubai. -- to 25 per cent from the current The talks will include officials be joined by David Malpass, gotiator, met last month with tightening, Brexit uncertainty, Last month, the IMF lowered 10pc -- to allow time for negotia- from the agriculture, energy and Trump’s nominee for president Trump, who announced that a and China’s slowdown. its global economic growth tors to work out a trade spat that commerce departments. of the World Bank who has final resolution of the trade dis- “We have no idea how it (the forecast for this year from 3.7 has triggered fears of a global Gerrish left his hotel in cen- worked to limit the bank’s as- pute would depend on a meeting trade dispute) is going to pan per cent to 3.5pc. economic slowdown. tral Beijing on Monday morning sistance to Beijing. with Chinese President Xi Jin-

Euronext tops Nasdaq bid for Oslo stock exchange Paris, France operates the Paris, Amsterdam, Brussels, Dublin and Lisbon uropean exchange oper- markets. Eator Euronext yesterday In addition to putting more raised its offer for the Oslo money on the table, Euronext stock exchange to $783 million said its offer would help de- (691 million euros), besting an velop the Oslo stock exchange offer from US rival Nasdaq. while maintaining its local Euronext said it was rais- identity. ing its offer to 158 kroner per “Euronext is committed to share, which beats an offer maintaining, investing in and made by Nasdaq on January developing Oslo Bors VPS as 30 of 152 kroner per share, as a key market infrastructure in well as its original December Norway and internationally for bid of 145 kroner per share. the benefit of all stakeholders,” The Nasdaq offer was en- adding that “continuity, local dorsed by the management of governance and decentralised Oslo stock exchange, saying it decision-making are the key was better for its capital mar- principles of Euronext’s mod- A.A. Bin Hindi Group and KIA Motors handed over cars to the lucky winners of Shop Bahrain’s weekly raffle draws held at KIA’s Showroom in Sitra. The event was ket and companies. el.” attended by organisers of Shop Bahrain, the largest shopping event in the Kingdom and Bin Hindi Motors’s officials. Under its partnership with Shop Bahrain, Bing The US-based Nasdaq con- Euronext’s original offer had Hindi Group and KIA Motors gifted 11 cars to winners of the weekly raffle draws which were held throughout the Festival. Bin Hindi Informatics – the authorised trols all of the other stock already attracted the binding distributor for Samsung, and a subsidiary of the Group, also joined Shop Bahrain as a Platinum Partner offering electronic devices among thousands of instant exchanges in the Nordic and acceptance of more than half prizes. Baltic region, while Euronext of shareholders.

Australia signs massive sub deal Danat Savings winner to take home $1.5m cash prize with French firm TDT | Manama to the monthly draws when raq as part of our semi-annual Canberra, Australia l Salam Bank-Bahrain yes- keeping their investments for a draw. Al Dana Final Grand draw Aterday said it has launched longer period in their Danat Al will have one lucky winner tak- ustralia formally signed its enhanced investment sav- Salam account. ing home the biggest single cash Aa Aus$50 billion “stra- ings scheme for 2019 “Danat Al Mohammed Buhijji, Head of prize in Bahrain’s history worth tegic partnership” with Salam”. With the conclusion Retail Banking said: “Danat Al $1.5 Million. France to build 12 state of This year, the Bank is offer- of last year’s Al Dana Salam is our flagship product Mohammed Buhijji added: the art submarines yester- ing two Al Dana Grand Prizes Final Grand Prize of that has been successful since “We encourage our loyal cus- day, a signal of Canberra’s that comprise of a luxury villa $1 Million awarded to its inception offering more than tomers to hold or invest a min- willingness to project pow- in Muharraq and the Biggest Jassim Ali Hussain, $17 million in prizes awarded to imum amount of BD 1,000 at a er across the Pacific. single Cash Prize in Bahrain for we are delighted to over 4,000 winners.” specific branch to capitalize on The partnership’s main one winner worth $1.5 million. “With the conclusion of last the opportunity of winning our pillar is a contract for Additionally, customers will announce even bigger year’s Al Dana Final Grand Prize special branch draw prizes of up France’s Naval Group to have the opportunity to enter prizes throughout of $1 Million awarded to Jassim to BD 1,000.” build 12 attack-class sub- into monthly draws for a chance 2019 Ali Hussain, we are delighted To be eligible for the prize marines and has been years to win the Gmash Grand Cash to announce even bigger prizes draw, customers need to open in the making. Prizes totalling up to $50,000, MOHAMMED BUHIJJI throughout 2019.” Danat savings account at any At roughly US$35 billion the Fusoos Cash Prizes total- Every BD 50 invested in Danat Al Salam Bank-Bahrain branch HEAD OF RETAIL BANKING this is Australia’s largest ling up to $60,000 and monthly Al Salam will give customers with a minimum deposit of BD50 ever defence procurement branch specific prizes totalling an opportunity to win a host of or apply through online prod- project and the largest ever more than $26,000. monthly valuable cash prizes. uct application service “Apply@ foreign sales deal by French Customers, the bank said, will attractive monthly expected Danat balance. Loyal customers One customer will have a chance Home” available on the bank’s shipbuilder Naval Group. also be able to benefit from the annual profit feature on their will be entitled to more entries to win a luxury villa in Muhar- website. TUESDAY,FEBRUARY 12, 2019 12 GFH records US$114.08 million profit of 20.5pc. Total operating ex- Commenting on the results, Increases annual penses were US$117.09m versus Jassim Alseddiqi, Chairman of • US$99.08m in the prior year, an GFH, said, “Among the strongest profits by 9.5pc increase of 18.2pc. measures of market confidence For the fourth quarter, Net in GFH today and over the past Strong, continued profit attributable to share - year was the raising of more revenue• growth across holders was US$10.64m versus than US$1 billion through our diversified business lines US$16.95m in the fourth quarter investment products and treas- of 2017, a decrease of 37.2pc. ury and capital markets during Consolidated net profit for 2018, which fuels further growth • Recommended the quarter was US$10.39m and investment for GFH in 2019.” dividend of 8.71pc and compared with US$12.15m in Hisham Alrayes, CEO of GFH, USD85 million cash the fourth quarter of 2017, a de- added, “During the year, we took and bonus shares crease of 14.5pc. assets with relatively low book Total consolidated revenue value and turned them into rev- was US$61.6m compared with enue generators. This includes Recommendation US$41.2m in 2017, reflecting a land banks in India, Dubai, Bah- to• extinguish 7pc healthy quarter-on-quarter in- rain, which provides the Group treasury shares. crease of 49.5pc. with a range of markets and Growth, according to GFH, classes from which we can de- resulted from a successfully di- rive benefit over the medium to TDT | Manama versified business model and longer term. Particular progress Diversification will also remain a “We are pleased with the solid contributions from across was also made on our landmark FH Financial Group (GFH) key focus both in terms of what and continued growth in profitably its investment and commercial Villamar project in Bahrain, for said it recorded continued where we invest. We plan to start the and strong performance banking, real estate and asset which we acquired the majority Ggrowth in profitability and process to launch operations in delivered by the Group in management businesses lines Sukuk and are taking the devel- strong performance for the fi- in addition to increases in oth- opment towards completion.” nancial year ended 31 December Saudi Arabia and the UK and to 2018. This marks the fourth er income generated through Looking ahead, Alrayes said 2018 helped mainly by contri- establish dedicated healthcare and consecutive year of solid strategic initiatives undertak- the group plans to launch oper- bution from across all business education platforms gains based on the effective en by the Group. Importantly, ations in Saudi Arabia and the lines and strategic transactions implementation of our strategy GFH also continued to deliver UK and to establish dedicated during the year. HISHAM ALRAYES and success in the further on its strategy of achieving prof- healthcare and education plat- The board recommended a diversification of the business itable exists, which for the year forms. dividend of 8.71 per cent and USD CEO OF GFH amounted to US$120m. “We entered 2019 with strong 85 million (US$30m cash and JASSIM ALSEDDIQI The Group repaid the entire confidence and expectations US$55m bonus shares) for 2018 CHAIRMAN OF GFH amount of a US$200m Sukuk, for further top and bottom line to shareholders. which was originally drawn in growth both overall and from The group reported consoli- crease of 11.4 per cent. Net prof- riod. Earnings per share for the Total consolidated revenue 2007, and achieved early pay- across our various business lines dated net profit of US$115 million it attributable to shareholders year was US cents 3.22 compared was US$246.21m compared with ment of a Wakala facility, all of including greater contributions as compared with US$103.19m rose 9.5pc to US114.08m from to US cents 3.58 in the prior-year US$204.36m in 2017, reflecting which continue to underscore from our real estate activities,” from the previous year, an in- US$104.18m in the year ago pe- period. a healthy year-on-year increase its financial health and stability. Alrayes added. UK posts slowest growth Oil weighs on markets in six years as Brexit looms London, United Kingdom

he British economy grew at Tits slowest pace in six years in 2018, data showed Monday, as Brexit uncertainty grips the country and fears grow that Britain could crash out of the EU without a deal. The bleak official figures came as the British government seeks to win more time to se- cure EU concessions on Brexit that could pass parliament and avert a chaotic split from the bloc on March 29. Traders on the floor of Saudi Stock exchange (file) Businesses are on edge with Britain just weeks away from A ‘Check and Repair’ member of Nissan’s manufacturing staff (R) works in the the value of the deal was confi- its scheduled departure from ‘Trim and Chassis’ section of their Sunderland Plant in Sunderland, North East Closing Bell dential and its disclosure was England Dubai Investments at the European project after 46 lowest• since May 2013 SAUDI  0.4 pc » 8,543 pts subject to GlobalPharma’s con- years and still with no firm ar- “Construction, production stitute in Halle, eastern Ger- DUBAI  1.3 pc » 2,496 pts sent. rangements in place. and services output fell in the many on Monday said a no-deal Saudi Arabia’s stock market The UK parliament last month (of December), the first Brexit could put 600,000 jobs Waha Capital QATAR  1.3 pc » 10,302 pts lost 0.4pc, with Al Rajhi Bank month roundly rejected a Brexit time that there has been such around the world at risk, with plunges• to five-year low ABU DHABI  0.7 pc » 5,047 pts shedding 0.8pc and Saudi Basic deal Prime Minister Theresa a broad-based fall in monthly Germany the hardest hit. EGYPT  0.1 pc » 14,785 pts Industries down 0.7pc. May had sealed with the re - output since September 2012,” The institute examined what In first week of February, for- Saudi’s Al Yamamah KUWAIT  0.3 pc » 5,457 pts maining 27 EU leaders. the ONS said. would happen if UK imports • eigners bought 920.7 million Monday’s figures followed Britain has been in a state from the remaining EU fell 25 Steel falls on Q1 loss OMAN  0.4 pc » 4,142 pts riyals ($245.51 million) of Saudi data last week that showed of political turmoil for two percent after Brexit. BAHRAIN  0.8 pc » 1,399 pts stocks on a net basis, according Britain’s dominant service sec- months since the Brexit deal They reckoned some 103,000 Reuters to stock exchange data. tor almost ground to a halt in was agreed in December. jobs would be under threat in Al Yamamah Steel Industries January. In an incident heavy with Germany, Europe’s largest eak oil prices led to falls have been struggling and show Company was down 4.1pc after “The economy is clearly symbolism, parts of parliament economy, with the car industry Win most Gulf stock mar- no signs of recovery. it posted a first-quarter net loss struggling in the first quarter were cordoned off Monday af- the worst affected sector. kets yesterday, while Qatar and “The UAE (United Arab Emir- of 30.2 million riyals compared of 2019 amid serious business ter a large piece of masonry fell Dubai were dragged lower by ates) has managed a soft land- with a profit of 6.7 million riyals and consumer caution resulting onto a parked vehicle over the Global growth slowdown their blue-chip bank stocks. ing, with a less pronounced a year ago. from heightened Brexit uncer- weekend. Monday’s economic data Qatar’s index fell 1.3 per cent cycle than in 2008. We expect The Abu Dhabi index slid tainties while weaker global came after the Bank of England as the Middle East’s largest non-oil real GDP growth to have 0.7pc, with the country’s larg- growth is also impacting” the 600,000 jobs under threat last week slashed its forecast lender Qatar National Bank bottomed as the fiscal drag eas- est lender First Abu Dhabi Bank figures, noted Howard Archer, Meanwhile in Luxembourg for UK growth this year to 1.2 slid 5.2pc, its biggest intraday es and infrastructure activity shedding 0.9pc. chief economic advisor at the the EU’s chief Brexit negotiator percent from 1.7 percent, blam- loss since June 2017. The stock picks up. We expect overall UAE Waha Capital declined 8pc EY ITEM Club. Michel Barnier called for “clari- ing the downgrade on a global gained more than 65pc last year real GDP growth to pick up but to a five-year low. It dived 10pc Last year gross domestic ty and movement” from Britain. economic slowdown and “the after QNB announced plans to the real estate sector remains a on Thursday after reporting a product growth stood at 1.4 per- He also said British opposi- fog of Brexit”. lift its foreign ownership ceiling drag,” BoFa Merrill Lynch said plunge in its full-year net profit cent, down from 1.8 percent in tion leader Jeremy Corbyn’s The Bank of England last to 49pc from 25pc. in a note. and slashing its dividend by 2017, the Office for National proposal for a permanent cus- week warned that Britain’s eco- Dubai’s index was down Dubai Investments slumped half. Statistics said Monday. toms union with the EU was an nomic output was also being 1.3pc, partially due to a 1.5pc 6pc to a six-year low. The stock Egypt’s blue-chip index Growth was meanwhile only “interesting” one. dragged down by a global slow- drop in Emirates NBD. has been sliding since the firm edged up 0.1pc with the coun- 0.2 per cent in the last three Concern is growing on both down, with growth dampening The Emirate’s largest listed said it had bought the 66pc in try’s biggest lender Commer- months of 2018, the ONS said in sides of the Channel. in China, the United States and developer Emaar Properties fell Globalpharma it did not already cial International Bank gaining a statement. Researchers at the IWH In- eurozone. 1.5pc. Dubai’s property stocks own. On Monday, the firm said 1.7pc. TUESDAY,FEBRUARY 12, 2019 12 13 TUESDAY, FEBRUARY 12, 2019 GFH records US$114.08 million profit of 20.5pc. Total operating ex- Commenting on the results, Increases annual penses were US$117.09m versus Jassim Alseddiqi, Chairman of profits• by 9.5pc US$99.08m in the prior year, an GFH, said, “Among the strongest THRILLER) NEW 1-COLD PURSUIT (15+) (ACTION/CRIME/DRAMA) NEW increase of 18.2pc. measures of market confidence CITYCENTRE NARGIS FAKHRI, SACHIN JOSHI, MONA SINGH, VIVAN BHATENA LIAM NEESON, EMMY ROSSUM, LAURA DERN For the fourth quarter, Net in GFH today and over the past OASIS JUFFAIR DAILY AT: 12.30 + 6.00 + 11.30 PM DAILY AT: 10.45 AM + 1.15 + 3.45 + 6.15 + 8.45 PM + (11.15 PM 1-COLD PURSUIT (15+) (ACTION/CRIME/DRAMA) NEW THURS/FRI) Strong, continued profit attributable to share - year was the raising of more • 1-COLD PURSUIT (15+) (ACTION/CRIME/DRAMA) NEW LIAM NEESON, EMMY ROSSUM, LAURA DERN 7- KUMBALANGI NIGHT ( ) (MALAYALAM) NEW revenue growth across holders was US$10.64m versus than US$1 billion through our LIAM NEESON, EMMY ROSSUM, LAURA DERN DAILY AT: 10.30 AM + 11.30 + 1.00 + 2.00 + 3.30 + 4.30 + 6.00 + FAHADH FAASIL, SHANE NIGAM, SOUBIN SHAHIR 2-THE LEGO MOVIE 2 (G) (ANIMATION/ACTION/AD- VENTURE/COMEDY) NEW US$16.95m in the fourth quarter investment products and treas- DAILY AT: 11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM 7.00 + 8.30 + 9.30 + 11.00 PM + 12.00 MN + (12.30 MN + 1.00 AM FROM THURSDAY 07TH: (12.45 MN THURS/FRI) diversified business lines DAILY AT (VIP): 12.45 + 3.15 + 5.45 + 8.15 + 10.45 PM THURS/FRI) CHRIS PRATT, ELIZABETH BANKS, WILL ARNETT of 2017, a decrease of 37.2pc. ury and capital markets during DAILY AT (VIP I): 11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM 8-GLASS (PG-15) (THRILLER) DAILY AT: 11.45 AM + 2.00 + 4.15 + 6.30 + 8.45 + (11.00 PM THURS/ Consolidated net profit for 2018, which fuels further growth DAILY AT (VIP II): 12.30 + 3.00 + 5.30 + 8.00 + 10.30 PM FRI) 2-THE LEGO MOVIE 2 (G) (ANIMATION/ACTION/AD- JJAMES MCAVOY, BRUCE WILLIS, SAMUEL L. JACKSON Recommended VENTURE/COMEDY) NEW the quarter was US$10.39m and investment for GFH in 2019.” DAILY AT: 10.45 AM + 1.15 + 3.45 + 6.15 + 8.45 + 11.15 PM • CHRIS PRATT, ELIZABETH BANKS, WILL ARNETT 2-THE LEGO MOVIE 2 (G) (ANIMATION/ACTION/AD- 3-THE PRODIGY (18+) (THRILLER/HORROR) NEW dividend of 8.71pc and compared with US$12.15m in Hisham Alrayes, CEO of GFH, DAILY AT (KIDS CINEMA): 12.30 + 2.45 + 5.00 + 7.15 + 9.30 PM VENTURE/COMEDY) NEW TAYLOR SCHILLING, JACKSON ROBERT SCOTT, PETER USD85 million cash the fourth quarter of 2017, a de- added, “During the year, we took CHRIS PRATT, ELIZABETH BANKS, WILL ARNETT 9-THE UPSIDE (PG-15) (COMEDY/DRAMA) MOONEY crease of 14.5pc. assets with relatively low book 3-THE PRODIGY (18+) (THRILLER/HORROR) NEW DAILY AT: 11.00 AM + 1.15 + 3.30 + 5.45 + 8.00 + 10.15 PM KEVIN HART, BRYAN CRANSTON, NICOLE KIDMAN DAILY AT: 11.30 AM + 1.30 + 3.30 + 5.30 + 7.30 + 9.30 + (11.30 PM and bonus shares DAILY AT: 2.00 + 6.45 + 11.30 PM THURS/FRI) Total consolidated revenue value and turned them into rev- JTAYLOR SCHILLING, JACKSON ROBERT SCOTT, PETER DAILY AT (IMAX 2D): 12.15 + 2.30 + 4.45 + 7.00 PM MOONEY DAILY AT (3D): 11.30 AM + 1.45 + 4.00 + 6.15 + 8.30 + 10.45 PM 10-NADI ELREGAL EL SERI (PG-15) (ARABIC/COMEDY) 4-THE DEBT COLLECTOR (15+) (ACTION/THRILLER) was US$61.6m compared with enue generators. This includes DAILY AT: 12.00 + 2.00 + 4.00 + 6.00 + 8.00 + 10.00 PM + 12.00 MN NEW JKARIM ABDULAZIZ, GHADA ADEL, MAJDE ALKIDDAWI Recommendation US$41.2m in 2017, reflecting a land banks in India, Dubai, Bah- 3-THE PRODIGY (18+) (THRILLER/HORROR) NEW SCOTT ADKINS, LOUIS MANDYLOR, VLADIMIR KULICH • 4-AMAVAS (15+) (HINDI/HORROR/ROMANTIC/ DAILY AT: 10.30 AM + 12.45 + 3.00 + 5.15 + 7.30 + 9.45 PM + 12.00 MN to extinguish 7pc healthy quarter-on-quarter in- rain, which provides the Group TAYLOR SCHILLING, JACKSON ROBERT SCOTT, PETER MOONEY DAILY AT: 9.15 + (11.15 PM THURS/FRI) THRILLER) NEW DAILY AT: 11.00 AM + 1.00 + 3.00 + 5.00 + 7.00 + 9.00 + 11.00 PM + treasury shares. crease of 49.5pc. with a range of markets and NARGIS FAKHRI, SACHIN JOSHI, MONA SINGH, VIVAN (1.00 AM THURS/FRI) 11-AQUAMAN (PG-15) (ACTION/ADVENTURE) BHATENA 5-HOW TO TRAIN YOUR DRAGON: THE HIDDEN WORLD Growth, according to GFH, classes from which we can de- JASON MOMOA, AMBER HEARD, NICOLE KIDMAN (PG) (ANIMATION/ACTION/ADVENTURE) DAILY AT: 1.15 + 11.30 PM resulted from a successfully di- rive benefit over the medium to 4-THE DEBT COLLECTOR (15+) (ACTION/THRILLER) NEW DAILY AT: 3.15 + 8.30 PM CATE BLANCHETT, JONAH HILL, GERARD BUTLER TDT | Manama SCOTT ADKINS, LOUIS MANDYLOR, VLADIMIR KULICH DAILY AT: 12.15 + 2.30 + 4.45 + 7.00 PM versified business model and longer term. Particular progress 5-THE DEBT COLLECTOR (15+) (ACTION/THRILLER) NEW DAILY AT: 12.00 + 2.00 + 4.00 + 6.00 + 8.00 + 10.00 PM + 12.00 12-HOW TO TRAIN YOUR DRAGON: THE HIDDEN Diversification will also remain a “We are pleased with the solid contributions from across was also made on our landmark SCOTT ADKINS, LOUIS MANDYLOR, VLADIMIR KULICH MN WORLD (PG) (ANIMATION/ACTION/ADVENTURE) FH Financial Group (GFH) its investment and commercial Villamar project in Bahrain, for DAILY AT: 11.45 AM + 4.30 + 9.15 PM CATE BLANCHETT, JONAH HILL, GERARD BUTLER key focus both in terms of what and continued growth in profitably 5-GLASS (PG-15) (THRILLER) DAILY AT: 11.45 AM + 4.30 + 9.15 PM AL HAMRA said it recorded continued banking, real estate and asset which we acquired the majority 6- KUMBALANGI NIGHT (PG-13) (MALAYALAM) NEW where we invest. We plan to start the and strong performance JAMES MCAVOY, BRUCE WILLIS, SAMUEL L. JACKSON 14-THE MULE (PG-15) (CRIME/DRAMA/THRILLER) 1- KUMBALANGI NIGHT (PG-13) (MALAYALAM) NEW growth in profitability and management businesses lines Sukuk and are taking the devel- FAHADH FAASIL, SHANE NIGAM, SOUBIN SHAHIR DAILY AT: 12.15 + 2.45 + 5.15 + 7.45 + 10.15 PM + (12.45 MN THURS/ CLINT EASTWOOD, BRADLEY COOPER, TAISSA FARMIGA 13-MANIKARNIKA: THE QUEEN OF JHANSI (PG-15) G process to launch operations in delivered by the Group in FRI) (DRAMA/ACTION/BIOGRAPHY) FAHADH FAASIL, SHANE NIGAM, SOUBIN SHAHIR strong performance for the fi- in addition to increases in oth- opment towards completion.” FROM THURSDAY 07TH 7.30 PM ONWARDS: 11.15 AM + 2.15 + 5.15 DAILY AT: 10.30 AM + 3.00 + 7.30 PM + 12.00 MN + 8.15 + 11.15 PM DAILY AT (IMAX 2D): 9.15 + 11.45 PM KANGANA RANAUT, DANNY DENZONGPA, SURESH OBEROI FROM THURSDAY 07TH 7.30 PM ONWARDS: 3.00 + 9.00 PM + nancial year ended 31 December Saudi Arabia and the UK and to 2018. This marks the fourth er income generated through Looking ahead, Alrayes said (12.00 MN THURS/FRI) 15-SPIDER MAN INTO THE SPIDER VERSE (PG) (ANI- DAILY AT: 3.15 + 8.45 PM establish dedicated healthcare and consecutive year of solid 7-NJHAN PRAKASHAN (PG) (MALAYALAM) 6-THE UPSIDE (PG-15) (COMEDY/DRAMA) 2018 helped mainly by contri- strategic initiatives undertak- the group plans to launch oper- MATION/ACTION/ADVENTURE) 2-NJHAN PRAKASHAN (PG) (MALAYALAM) FAHAD FAZIL, NIKHILA VIMAL KEVIN HART, BRYAN CRANSTON, NICOLE KIDMAN bution from across all business education platforms gains based on the effective en by the Group. Importantly, ations in Saudi Arabia and the HAILEE STEINFELD, NICOLAS CAGE, MAHERSHALA ALI FAHAD FAZIL, NIKHILA VIMAL DAILY AT: 11.30 AM + 2.00 + 4.30 + 7.00 + 9.30 PM + 12.00 MN DAILY AT: 11.15 AM + 1.45 + 4.15 + 6.45 + 9.15 + 11.45 PM lines and strategic transactions implementation of our strategy GFH also continued to deliver UK and to establish dedicated DAILY AT: 12.45 + 5.15 + 9.45 PM SEEF (I) DAILY AT: 12.00 + 6.00 PM during the year. HISHAM ALRAYES and success in the further on its strategy of achieving prof- healthcare and education plat- 8-YATRA (PG-13) (TELGU/ MALAYALAM) NEW 7-NADI ELREGAL EL SERI (PG-15) (ARABIC/COMEDY) 1-COLD PURSUIT (15+) (ACTION/CRIME/DRAMA) NEW The board recommended a diversification of the business itable exists, which for the year forms. MAMMOOTTY, MAHESH ACHANTA, RAJSEKHAR ANING KARIM ABDULAZIZ, GHADA ADEL, MAJDE ALKIDDAWI SEEF (II) LIAM NEESON, EMMY ROSSUM, LAURA DERN WADI AL SAIL dividend of 8.71 per cent and USD CEO OF GFH amounted to US$120m. “We entered 2019 with strong FROM THURSDAY 07TH 10.30 PM ONWARDS: DAILY AT: 12.15 + 2.30 + 4.45 + 7.00 + 9.15 + 11.30 PM + (12.30 MN DAILY AT: 11.00 AM + 12.00 + 1.30 + 2.30 + 4.00 + 5.00 + 6.30 + THURS/FRI) 7.30 + 9.00 + 10.00 + 11.30 PM + (12.30 MN THURS/FRI) 85 million (US$30m cash and JASSIM ALSEDDIQI The Group repaid the entire confidence and expectations DAILY AT (TELGU):1.30 + 6.30 + 11.30 PM 1-THE LEGO MOVIE 2 (G) (ANIMATION/ACTION/ADVEN- 1-COLD PURSUIT (15+) (ACTION/CRIME/DRAMA) NEW FROM THURSDAY 07TH 10.30 PM ONWARDS: TURE/COMEDY) NEW US$55m bonus shares) for 2018 CHAIRMAN OF GFH amount of a US$200m Sukuk, for further top and bottom line 8-AQUAMAN (PG-15) (ACTION/ADVENTURE) 2-YATRA (PG-13) (TELGU) NEW LIAM NEESON, EMMY ROSSUM, LAURA DERN DAILY AT (MALAYALAM): 11.00 AM + 4.00 + 9.00 PM CHRIS PRATT, ELIZABETH BANKS, WILL ARNETT DAILY AT: 11.15 AM + 1.45 + 4.15 + 6.45 + 9.00 + 9.15 + 9.30 + 11.30 to shareholders. which was originally drawn in growth both overall and from JASON MOMOA, AMBER HEARD, NICOLE KIDMAN DAILY AT: 12.30 + 2.45 + 5.00 + 7.15 + 9.30 + 11.45 PM MAMMOOTTY, MAHESH ACHANTA, RAJSEKHAR ANING + 11.45 PM + 12.00 MN The group reported consoli- crease of 11.4 per cent. Net prof- riod. Earnings per share for the Total consolidated revenue 2007, and achieved early pay- across our various business lines 9-9 (PG-15) (MALAYALAM) NEW DAILY AT: 11.45 AM + 2.45 + 5.45 + 8.45 + 11.45 PM DAILY AT (3D): 11.15 AM + 1.30 + 3.45 + 6.00 + 8.15 + 10.30 PM FROM THURSDAY 07TH 10.30 PM ONWARDS: PRITHVIRAJ SUKUMARAN, PRAKASH RAJ, MAMTA DAILY AT (TELGU):11.30 AM + 4.30 + 9.30 PM 2-THE LEGO MOVIE 2 (G) (ANIMATION/ACTION/AD- dated net profit of US$115 million it attributable to shareholders year was US cents 3.22 compared was US$246.21m compared with ment of a Wakala facility, all of including greater contributions MOHANDAS 9-HOW TO TRAIN YOUR DRAGON: THE HIDDEN FROM THURSDAY 07TH 10.30 PM ONWARDS: VENTURE/COMEDY) NEW WORLD (PG) (ANIMATION/ACTION/ADVENTURE) 2-THE PRODIGY (18+) (THRILLER/HORROR) NEW as compared with US$103.19m rose 9.5pc to US114.08m from to US cents 3.58 in the prior-year US$204.36m in 2017, reflecting which continue to underscore from our real estate activities,” DAILY AT: 3.00 + 8.15 + 11.00 PM *- TAYLOR SCHILLING, JACKSON ROBERT SCOTT, PETER MOONEY DAILY AT (MALAYALAM): 2.00 + 7.00 PM + 12.00 MN CHRIS PRATT, ELIZABETH BANKS, WILL ARNETT JCATE BLANCHETT, JONAH HILL, GERARD BUTLER US DAILY AT: 12.30 + 2.45 + 5.00 + 7.15 PM from the previous year, an in- $104.18m in the year ago pe- period. a healthy year-on-year increase its financial health and stability. Alrayes added. DAILY AT: 2.15 + 6.45 + 11.15 PM DAILY AT: 10.30 AM + 12.30 + 2.30 + 4.30 + 6.30 + 8.30 + 10.30 PM 10-DHILLUKU DHUDDU 2 (PG-15) (TAMIL) NEW + (12.30 MN THUR/FRI) 3- KUMBALANGI NIGHT (PG-13) (MALAYALAM) NEW DAILY AT (3D): 12.00 + 2.15 + 4.30 + 6.45 PM SANTHANAM, DEEPTI, SHRITHA SIVADAS FAHADH FAASIL, SHANE NIGAM, SOUBIN SHAHIR 10-REPLICAS (PG-15) (SCI-FICTION/THRILLER) DAILY AT: 12.30 + 5.45 PM 3-THE DEBT COLLECTOR (15+) (ACTION/THRILLER) FROM THURSDAY 07TH 7.30 PM ONWARDS: 11.30 AM + 2.30 + 3-THE PRODIGY (18+) (THRILLER/HORROR) NEW KEANU REEVES, ALICE EVE, THOMAS MIDDLEDITCH NEW 5.30 + 8.30 + 11.30 PM TAYLOR SCHILLING, JACKSON ROBERT SCOTT, PETER MOONEY DAILY AT: 2.45 + 7.15 + 11.45 PM 11-SPIDER MAN INTO THE SPIDER VERSE (PG) (ANI- SCOTT ADKINS, LOUIS MANDYLOR, VLADIMIR KULICH DAILY AT: 11.45 AM + 1.45 + 3.45 + 5.45 + 7.45 + 9.45 + 11.45 PM MATION/ACTION/ADVENTURE) DAILY AT: 11.00 AM + 1.00 + 3.00 + 5.00 + 7.00 + 9.00 + 11.00 PM + 4- 9 (PG-15) (MALAYALAM) NEW 11-DESTROYER (15+) (CRIME/THRILLER/DRAMA) (1.00 AM THURS/FRI) HAILEE STEINFELD, NICOLAS CAGE, MAHERSHALA ALI PRITHVIRAJ SUKUMARAN, PRAKASH RAJ, MAMTA MOHANDAS 4-THE DEBT COLLECTOR (15+) (ACTION/THRILLER) NEW NICOLE KIDMAN, SEBASTIAN STAN, LUKE PASQUALINO UK posts slowest growth DAILY AT (KIDS CINEMA): 11.45 PM DAILY AT: 1.15 + 6.30 + 11.45 PM SCOTT ADKINS, LOUIS MANDYLOR, VLADIMIR KULICH DAILY AT: 12.30 + 5.00 + 9.30 PM 4-VS. (15+) (DRAMA/MUSICAL) NEW Oil weighs on markets DAILY AT: 11.30 AM + 1.30 + 3.30 + 5.30 + 7.30 + 9.30 + 11.30 PM 12-MANIKARNIKA: THE QUEEN OF JHANSI (PG-15) CONNOR SWINDELLS 5-DHILLUKU DHUDDU 2 (PG-15) (TAMIL) NEW (DRAMA/ACTION/BIOGRAPHY) 12-JOHNNY ENGLISH STRIKES AGAIN (PG) (COMEDY/ DAILY AT: 12.00 + 2.00 + 4.00 + 6.00 + 8.00 + 10.00 PM + 12.00 SANTHANAM, DEEPTI, SHRITHA SIVADAS MN 5-THE UPSIDE (PG-15) (COMEDY/DRAMA) KANGANA RANAUT, DANNY DENZONGPA, SURESH OBEROI ACTION/ADVENTURE) DAILY AT: 10.45 AM + 4.00 + 9.15 PM in six years as Brexit looms ROWAN ATKINSON, OLGA KURYLENKO, EMMA THOMPSON KEVIN HART, BRYAN CRANSTON, NICOLE KIDMAN DAILY AT: 1.45 + 6.30 + 11.15 PM 5-AT ETERNITY’S GATE (PG-13) (DRAMA/BIOGRAPHY) DAILY AT: 11.30 AM + 4.15 + 9.00 PM DAILY AT: 10.30 AM + 12.30 + 2.30 + 4.30 + 6.30 + 8.30 + 10.30 PM NEW 6-NJHAN PRAKASHAN (PG) (MALAYALAM) London, United Kingdom 13-URI: THE SURGICAL STRIKE (15+) (HINDI/ACTION/ WILLEM DAFOE, RUPERT FRIEND, OSCAR ISAAC FAHAD FAZIL, NIKHILA VIMAL 6-NADI ELREGAL EL SERI (PG-15) (ARABIC/COMEDY) DRAMA) 13-RALPH BREAKS THE INTERNET (PG) (ANIMATION/ DAILY AT: 11.00 AM + 1.30 + 4.00 + 6.30 + 9.00 + 11.30 PM he British economy grew at VICKY KAUSHAL, KIRTI KULHARI, PARESH RAWAL ADVENTURE/COMEDY) DAILY AT: 10.45 AM + 1.00 + 6.15 + 11.30 PM KARIM ABDULAZIZ, GHADA ADEL, MAJDE ALKIDDAWI DAILY AT: 10.45 AM + 4.00 + 6.30 + 9.00 PM JOHN C. REILLY, SARAH SILVARMAN, GAL GADOT DAILY AT: 2.00 + 6.45 + 11.30 PM Tits slowest pace in six years DAILY AT: 12.00 + 4.30 + 9.00 PM 6-AMAVAS (15+) (HINDI/HORROR/ROMANTIC/ in 2018, data showed Monday, SAAR as Brexit uncertainty grips the country and fears grow that Britain could crash out of the EU without a deal. Movie Review The bleak official figures came as the British government seeks to win more time to se- ‘Alita: Battle Angel’: a muddled cyberpunk origin story cure EU concessions on Brexit that could pass parliament and avert a chaotic split from the bloc on March 29. Traders on the floor of Saudi Stock exchange (file) Businesses are on edge with Britain just weeks away from A ‘Check and Repair’ member of Nissan’s manufacturing staff (R) works in the the value of the deal was confi- its scheduled departure from ‘Trim and Chassis’ section of their Sunderland Plant in Sunderland, North East Closing Bell dential and its disclosure was England Dubai Investments at the European project after 46 lowest• since May 2013 SAUDI  0.4 pc » 8,543 pts subject to GlobalPharma’s con- KNOW WHAT years and still with no firm ar- “Construction, production stitute in Halle, eastern Ger- DUBAI  1.3 pc » 2,496 pts sent. rangements in place. and services output fell in the many on Monday said a no-deal Saudi Arabia’s stock market The UK parliament last month (of December), the first Brexit could put 600,000 jobs Waha Capital QATAR  1.3 pc » 10,302 pts lost 0.4pc, with Al Rajhi Bank month roundly rejected a Brexit time that there has been such around the world at risk, with plunges• to five-year low ABU DHABI  0.7 pc » 5,047 pts shedding 0.8pc and Saudi Basic The main character, deal Prime Minister Theresa a broad-based fall in monthly Germany the hardest hit. EGYPT  0.1 pc » 14,785 pts Industries down 0.7pc. even though the film May had sealed with the re - output since September 2012,” The institute examined what In first week of February, for- Saudi’s Al Yamamah KUWAIT  0.3 pc » 5,457 pts is live-action, is done maining 27 EU leaders. the ONS said. would happen if UK imports • eigners bought 920.7 million Monday’s figures followed Britain has been in a state from the remaining EU fell 25 Steel falls on Q1 loss OMAN  0.4 pc » 4,142 pts riyals ($245.51 million) of Saudi with CG animation and data last week that showed of political turmoil for two percent after Brexit. BAHRAIN  0.8 pc » 1,399 pts stocks on a net basis, according was shot in 3-D, using Britain’s dominant service sec- months since the Brexit deal They reckoned some 103,000 Reuters to stock exchange data. the stereo imaging tor almost ground to a halt in was agreed in December. jobs would be under threat in Al Yamamah Steel Industries system that James January. In an incident heavy with Germany, Europe’s largest eak oil prices led to falls have been struggling and show Company was down 4.1pc after Cameron had been “The economy is clearly symbolism, parts of parliament economy, with the car industry Win most Gulf stock mar- no signs of recovery. it posted a first-quarter net loss developing for his struggling in the first quarter were cordoned off Monday af- the worst affected sector. kets yesterday, while Qatar and “The UAE (United Arab Emir- of 30.2 million riyals compared of 2019 amid serious business ter a large piece of masonry fell Dubai were dragged lower by ates) has managed a soft land- with a profit of 6.7 million riyals documentaries and consumer caution resulting onto a parked vehicle over the Global growth slowdown their blue-chip bank stocks. ing, with a less pronounced a year ago. from heightened Brexit uncer- weekend. Monday’s economic data Qatar’s index fell 1.3 per cent cycle than in 2008. We expect The Abu Dhabi index slid tainties while weaker global came after the Bank of England as the Middle East’s largest non-oil real GDP growth to have 0.7pc, with the country’s larg- growth is also impacting” the 600,000 jobs under threat last week slashed its forecast lender Qatar National Bank bottomed as the fiscal drag eas- est lender First Abu Dhabi Bank figures, noted Howard Archer, Meanwhile in Luxembourg for UK growth this year to 1.2 slid 5.2pc, its biggest intraday es and infrastructure activity shedding 0.9pc. Scenes from ‘Alita: Battle Angel’ chief economic advisor at the the EU’s chief Brexit negotiator percent from 1.7 percent, blam- loss since June 2017. The stock picks up. We expect overall UAE Waha Capital declined 8pc EY ITEM Club. Michel Barnier called for “clari- ing the downgrade on a global gained more than 65pc last year real GDP growth to pick up but to a five-year low. It dived 10pc lita: Battle Angel’ is a Rosa Salazar stars as Alita, a scious cyborg Alita to his clinic. independent trackers were pro- results in order to break-even ber-one in Taiwan with $4.2 mil- Last year gross domestic ty and movement” from Britain. economic slowdown and “the after QNB announced plans to the real estate sector remains a on Thursday after reporting a 2019 American cyber- cyborg, with supporting roles When Alita awakens, she has no jecting the film to have a debut and avoid becoming a box-office lion (where it was Fox’s fourth product growth stood at 1.4 per- He also said British opposi- fog of Brexit”. lift its foreign ownership ceiling drag,” BoFa Merrill Lynch said plunge in its full-year net profit ‘A punk action film based portrayed by Christoph Waltz, memory of who she is, nor does weekend gross of less than $25 bomb. biggest opening ever), grossed cent, down from 1.8 percent in tion leader Jeremy Corbyn’s The Bank of England last to 49pc from 25pc. in a note. and slashing its dividend by on Yukito Kishiro’s manga series Jennifer Connelly, Mahershala she have any recognition of the million in the United States. On the weekend ending Feb- $4.2 million in the United King- 2017, the Office for National proposal for a permanent cus- week warned that Britain’s eco- Dubai’s index was down Dubai Investments slumped half. Gunnm, also known as Battle Ali, Ed Skrein, Jackie Earle Ha- world she finds herself in. As While estimates were slight- ruary 10, 2019, the film grossed dom (with a 42% 3D share), and Statistics said Monday. toms union with the EU was an nomic output was also being 1.3pc, partially due to a 1.5pc 6pc to a six-year low. The stock Egypt’s blue-chip index Angel Alita. ley and Keean Johnson. Alita learns to navigate her new ly higher than when it held its $32 million from eleven inter- $2.9 million in Malaysia (where Growth was meanwhile only “interesting” one. dragged down by a global slow- drop in Emirates NBD. has been sliding since the firm edged up 0.1pc with the coun- It was directed by Robert Rod- Set several centuries in the life and the treacherous streets original December 2018 date, national markets, including it was Fox’s second biggest open- 0.2 per cent in the last three Concern is growing on both down, with growth dampening The Emirate’s largest listed said it had bought the 66pc in try’s biggest lender Commer- riguez, written by James Cam- future, the abandoned Alita is of Iron City, Ido tries to shield TheWrap wrote that, given its ten Asian countries along with ing ever). The film outpaced The months of 2018, the ONS said in sides of the Channel. in China, the United States and developer Emaar Properties fell Globalpharma it did not already cial International Bank gaining eron and Laeta Kalogridis, and found in the scrapyard of Iron her from her mysterious past. production budget between the United Kingdom. The film Maze Runner (2014) and Ready a statement. Researchers at the IWH In- eurozone. 1.5pc. Dubai’s property stocks own. On Monday, the firm said 1.7pc. produced by Cameron and Jon City by Ido, a compassionate cy- Several weeks prior to its re- $150–200 million, the film opened at number-two in South Player One (2018) in these mar- Landau. ber-doctor who takes the uncon- lease, TheWrap reported that would require strong overseas Korea with $10.9 million, num- kets by 23% and 5%, respectively. 14 TUESDAY, FEBRUARY 12, 2019

don’t look away.” And Emily Lazar, who Los Angeles worked on Beck’s Colors album, became the first woman in Grammys acey Musgraves, Dua history to win best en- Lipa, Cardi B and Lady gineered album. KGaga were among the big But while the Gram- winners at the Grammy Awards, mys has made strides making it a good night for female with female artists, it stars. still needs to repair its Country star Musgraves picked image in the hip-hop up four awards, including album community. of the year, while Childish Gam- At one point, host bino also won four. Alicia Keys awkward- Cardi B made history as the ly had to fill time when first solo female to win best rap no-one came forward album. Michelle Obama, Alicia Keys, Jada Pinkett Smith, Lady Gaga and Jennifer Lopez at the Grammys. to accept the song of British pop star Dua Lipa was the year award on his named best new artist and paid five of the top album awards - al- pressed her disdain in a series of for Joanne and best pop duet for behalf. tribute to the “incredible” line-up bum of the year, best pop album since-deleted tweets at the fact Shallow, from the Oscar-nomi- Former first lady of “so many female artists” in the (Ariana Grande), best country Mac Miller, who was nominated nated film A Star Is Born. Michelle Obama category. album (Musgraves), best R&B al- posthumously for best rap album, Holding back tears, the star also made a surprise This year’s ceremony certainly bum (H.E.R.) and best rap album lost out to Cardi B. thanked Bradley Cooper, her co- appearance, giving appeared to be at pains to make (Cardi B). Accompanied on stage by her star and director, who missed the a speech about the amends, with lifetime achieve- Grande won her first ever husband Offset, Cardi thanked Grammys to attend The Baftas in unifying power of ment prizes for Dolly Parton and Grammy Award for Sweetener, her daughter Kulture Kiari for London. music alongside Diana Ross, and scores of female but wasn’t there to collect it after giving her the impetus to finish She also used her speech to Lady Gaga, Jada performers throughout the night. a dispute with organisers. the record on time. highlight the film’s mental health Pinkett-Smith, It was the first year in Gram- According to Variety, the Lady Gaga won three prizes, message, telling the audience: “If Jennifer Lopez and Dua Lipa at the 61st mys history that women had won Thank U, Next singer also ex- including best pop performance you see someone that’s hurting, Alicia Keys. Annual Grammy Awards, 2019.

Will Smith’s ‘Genie’ Melissa Khloe Kardashian avatar unveiled Benoist, Chris reveals how she teaches Los Angeles Wood engaged ctor Will Smith’s ‘blue’ Los Angeles true self-confidence Aavatar as Genie in Dis- Los Angeles ney’s “Aladdin” remake was unveiled during the Grammy ctress Melissa Be- merican reality star Khloe Kardashian has the per- Awards. The Genie, Jasmine noist has got en- fect mantra to raise children right. and Aladdin appear in the Agaged to her “Su- A Khloe recently opened up about practicing pos- latest trailer for the film, giv- pergirl” co-actor Chris Wood. itive affirmations with her 10-month-old daughter True ing fans a first look at Smith’s The duo took to Instagram every day, reported People. character, according to holly- on Sunday to announce In an interview with The Daily Telegraph’s Stellar woodreporter.com. the news of their magazine cited by People, the ‘Keeping Up with the The new take on its ani- engagement, re- Kardashians’ star reflected upon how every day mated classic unveiled a trail- ports eonline. she and True, say “positive affirmations” together. er on Sunday night. It also com. “I never, ever considered myself chubby or featured looks at Jasmine and “Yes yes yes it overweight. I didn’t know that I was until I more scenes featuring Alad- will always be went on TV, and everyone told me that I was din and Agrabah. Jafar can yes,” Benoist ‘fat.’ I never felt that way, because my fami- even be seen leading Aladdin captioned a ly never allowed me to,” Khloe explained to the Cave of the Wonders. photograph during the interview. “Aladdin” hits theatres on of Wood kiss- “As silly as it sounds, I do positive af- May 24. ing her on the firmations with her in the morning,” cheek, with the 34-year-star said, adding that even her engage- though “it’s so corny,” they “sit in front Drake cut off during ment ring on of the mirror” and say, “I am beautiful.” full display. The proud mother went on to share, acceptance speech Wood “It’s my job to make her feel, no matter at Grammys shared the what she looks like, that she is strong and confident Los Angeles same photo- and beautiful, and it’s OK to embrace all differ- graph and wrote: ent shapes, sizes, and ethnicities. My whole “The happiest.” family is a melting pot of race and skin tone apper Drake made a sur- and hair colour and height - everything. Rprise appearance at the Melissa and Chris 61st annual Grammy Awards here, but was cut off during his acceptance speech. Drake Jimmy Carter wins Grammy picked up his trophy for best for spoken word album rap song for “God’s plan”. But he was cut off dur - Los Angeles ing his speech right after a pause and saying “But”, immy Carter, the 39th US President, has leading viewers to speculate Jwon his second Grammy for Spoken Word whether show producers de- Album for his biography “Faith - A Jour - liberately did it -- amid some ney For All”. This personal reflection by the mild shade he was throwing 94-year-old, considers how faith has sus - at the very idea of awards tained him throughout good times and bad. shows -- or whether they Khloe For Reservations, Call:Umm Al Hassam 17728699 Seef District 17364999 He won his first in 2016 for “A Full Life: just figured he’d wrapped up, Reflections at 90”, reports variety.com. Kardashian reports variety.com. TUESDAY, FEBRUARY 12, 2019 15

Michelin Supports Supercars Arabia Club TDT | Manama Ronaldo keeps scoring as ichelin tyres, exclu- Msively distributed by Ebrahim K. Kanoo in the Kingdom of Bahrain, re - cently participated in the Supercars Arabia Club ex- clusive track day event at Juve soar 11 points clear the Bahrain International Circuit (BIC). The exclusive ‘invitation Cristiano Ronaldo showed off a new celebration after he scored for Juventus against Sassuolo only’ event saw some of the region’s most unique su- with Polish forward Piatek again percars gather for a fun day Ronaldo continues finding the net after 62 for his of racing on the world-re- • fourth goal in all competitions. nowned race track with remarkable scoring Paqueta dedicated his first professional drivers and record with 20th goal goal in Italy to the ten victims safety staff. for the Turin club of the fire that ripped through Ebrahim K. Kanoo Tyre buildings at Rio club Flamengo, Division and TYREPLUS AFP | Milan where he started his career. Senior Manager, Ahmed “It was a very difficult time for Saeed said: “Michelin is a ristiano Ronaldo headed me,” said the 21-year-old. proud partner of the Su - in his 18th league goal “I am living a dream play - percars Arabia Club, which Cthis season as Juventus ing for Milan and scoring my gives us the opportunity bounced back from last week’s first Serie A goal, but it was to showcase Michelin’s di- stalemate to soar to an 11-point also a dream for me to be in the verse range of racing tyres lead in Serie A on Sunday with Flamengo youth academy and exclusively made for super a 3-0 win at Sassuolo. I can’t forget those who were cars. Michelin tyres are Ronaldo proved decisive, experiencing the same thing.” renowned for their quality scoring after 70 minutes as Sami The battle for elite European and durability which makes Khedira found the net first in football remains tight with Ata- them the best solution for Modena with fellow German lanta, Roma and Lazio all just a professional racing.” Emre Can slotting in the third point behind AC Milan. four minutes from time. The side from Bergamo bat- The Serie A champions had Cristiano Ronaldo of Juventus scores his side’s second goal tled to a 2-1 win over SPAL, with been held by Parma last week Roma beating Chievo 3-0 and BTC participates in despite the Portugese forward’s “Players are disappointed, but It was the German interna- time along with Can and was Lazio seeing off Empoli 1-0 dur- Bahrain Sports Day double. every now and then sitting on tional’s second league goal of involved in the buildup for the ing the week. Now they have left sec - the bench is necessary to re - his injury-hit campaign, after final goal with Ronaldo proving “I’ve liked the team for a while TDT | Manama ond-placed Napoli trailing after charge batteries and rediscover scoring the opening goal of the the assist. now,” said coach Gennaro Gat- Carlo Ancelotti’s side were held the right mental toughness.” Serie A season against Chievo tuso. ahrain Tennis Club Champions League battle tight to a goalless draw at Fiorentina Juventus had started slowly on August 18. “Milan haven’t fought for B(BTC) has announced on Saturday. with goalkeeper Wojciech Szcz- Consigli denied Federico Ber- Inter Milan are third -- 20 many years for a place in the its participation in Bah - Paulo Dybala again started esny saving twice in the open- nardeschi just before the break points behind Juventus -- after Champions League, now we are rain Sports Day with many on the bench coming on late ing minutes as the champions with a Khedira header flying beating Parma 1-0 on Saturday, here we need to work to stay.” events and activities. for the champions, to help set were without injured defenders wide. for their first league win of 2019. BTC President Khamis Al up the third goal, with coach Leonardo Bonucci and Giorgio But Portuguese star Ronaldo But city rivals AC Milan are Muqla and BTC Board of Di- Massimiliano Allegri saying he Chiellini. jumped highest after 70 min- just four points behind Inter rectors expressed their hap- needed to find the right balance. The pair are fighting to be fit utes to meet Pjanic’s corner for in fourth after beat struggling piness with this remarkable “Ronaldo and Dybala can cer- for Juventus’s European Cham- his fourth goal in his last three Cagliari 3-0, with new signings Ronaldo and Dybala initiative. tainly play together and they pions League last 16 trip to At- league games to bring his tally Lucas Paqueta and Krzysztof can certainly play The event will start with will do, but we need everyone letico Madrid in 10 days’ time. to 20 goals for Juventus in all Piatek both scoring. together and they wheelchair tennis, at Bah- to work hard in order to keep Juventus broke through af- competitions. Cagliari defender Luca Cep- will do, but we need rain Sports Federation for the team balanced,” said Allegri. ter Sassuolo goalkeeper Andrea The 34-year-old celebrated by pitelli gave the hosts their first everyone to work Disabilities in cooperation “It all depends on who you are Consigli rushed out to parry a mimicking Dybala’s ‘mask’ goal with an unfortunate own goal hard in order to keep with Bahrain Tennis Fed- playing against. Sassuolo have Ronaldo shot leaving the way celebration. after 12 minutes. eration where participants a strong midfield, so I had to clear for Khedira to turn in the Argentine Dybala came off Brazilian Paqueta volleyed the team balanced will be trained to play in an balance my team that way today. rebound after 23 minutes. the bench seven minutes from in the second after 22 minutes MASSIMILIANO ALLEGRI exciting atmosphere.

Black Feather edge GT Abdulaal Bahrain ready for Sports Day TDT | Manama

he Kingdom of Bahrain is Tall set to embrace anoth- er major sporting event as the 2019 Bahrain Sports Day kicks off in different parts of Bahrain Aurangazeb - PS RED Aurangazeb - PS RED Aurangazeb - PS RED today. Organisations representing DT | Manama overs (Noman 54, Zahid 45, government and non-govern- Jamshi 2/18) beat Santy Ex- ment parties, including min- lack Feather beat GT Ab- cavation 148/10 (Noman 42, istries, agencies, institutions, Bdulaal by 20 runs in a CBA Karamat 2/27) by 5 wickets banks, financial institutions Division D 25 overs League Matrix 188/8 in 25 overs and companies, will engage in match. (Danushke 76, hafeer 26, a packed sports programme, Abdulaal won the toss and Shamsher 3/20) beat Bahrain prepared by the Bahrain Olym- elected to bowl first. Black Hawks 152/8 (Satyender 48, pic Committee Feathers opener Jaran (57) Shyju 3/18, Vijeesh 3/25) by (BOC), the event organisers. Children participate in the colour run (file photo) scored a brilliant half cen - 36 runs. Commencing at 3pm, the tury that helped his team to Suha Travels 177/4 in 25 festivities will take place in They include table tennis, draws for the public. score 178 runs at the end of 25 overs (Haider 57, Adnan 30, purpose-built sports village in horse riding, traditional inher- Furthermore, BOC has pre- overs, while Sameer took four Anandu 2/20) beat RUCT 163/7 each of the country’s four gov- ited sports, sports for people pared additional programme for wickets for Abdulaal. Chasing (Bineesh 36, Sreekumar 30) by ernorates, with the main village with disabilities, 3x3 basket- its staff today – in cooperation the target Preet (four wkts) 14 runs being located at Isa Sports City, ball, Spartan, physical fitness, with the Supreme Council for and Sayed’s (three wkts) overs Karnataka Strikers 153/9 in near the National Stadium in cross fit, mixed martial arts Youth and Sports – prior to the helped Feather to restrict the 25 overs (Dharma 34, Ullas 32, KNOW WHAT Riffa. and American football, besides start of the activities at Manama opponent for 158 runs and win Malik 3/27) beat Pak Panthers The first of the activities lined a corner for productive families, Club in Juffair. the match by 20 runs. Sameer 125/10 (Wali 44, Rajeesh 4/14, up today will be a cycling race, an inquiries reception and para- Meanwhile, Supreme Council (75) is top scorer for Abdulaal. Darma 3/21) by 28 runs to be followed by a colour run medics services. for Youth and Sports assistant Brief Score: Black Feather Spartans 169/10 (Zeeshan Eight embassies are at 4.15pm. The sports village, The sports village also in - secretary general, BOC secre- 178/9 in 25 overs (Jaran 57, 60, Shalom 4/30) beat Friends joining the event today which promises to attract all cludes other sets of programmes tary general and 209 Bahrain Faeh 27, Sameer 4/31) beat GT XI 156/9 (Shalam 56, Baber – the UAE, Philippines, members of the family, features like free medical consultations, Sports Day Organising Com- Abdulaal 158/10 (Sameer 75, 3/13, Farhan 2/33) by 13 runs Lebanon, UK, American, food courts, kids zone, a theatre sports shows, discounts on a mittee chairman Abdulrahman Preet 4/37, Sayed 3/22) by 20 Bulls 189/8 in 25 overs (Ra- Brunei and Egypt, by hosting entertaining and music number of products for the vis- Askar the sports day reflects the runs heef 53, Chandrasekar 39, offering a set of their shows, a special studio for Bah- itors, sports competitions and value of sport and health, and Sameer 3/28) beat Lantern respective programmes rain Television, in addition to a many other entertaining activ- called to raise awareness in our Other match Results Lions 123/7 (Sameer 38, Binoy dedicated area to host different ities for children, in addition to societies to preserve the future Fateh Curtain 149/5 in 18 3/18) by 66 runs. for the public sporting competitions. valuable prizes and large raffle of our generations. TUESDAY, FEBRUARY 12, 2019 16

Azpilicueta says sorry to Chelsea fans after Man City drubbing Barca held at Bilbao AFP | London we are still first, and if my maths esar Azpilicueta has Barcelona give is right, we will be again next Capologised to Chelsea • week,” Valverde said. fans after their humiliating fresh hope to La Liga But Real’s victory at the Wan- 6-0 defeat by Manchester rivals after Athletic da Metropolitano was their fifth City, describing it as one Bilbao stalemate on the bounce and just as they of the lowest points in his have gained momentum, Barca professional career. Barca was saved appear to be losing theirs, at Maurizio Sarri’s team • a crucial juncture, with more crashed to their heaviest by Ter Stegen as stern tests to come. loss since 1991 as the Pre- Suarez struggled After Real Valladolid at home mier League champions ran next weekend, Valverde’s side riot at the Etihad Stadium AFP | Bilbao, Spain travel to Lyon in the Champions on Sunday. League and Sevilla in the league. The heavy defeat saw They then face two Clasicos in Chelsea slip below Arsenal ionel Messi was short four days, one in the Copa del to sixth in the table on goals of fitness and Barcelona Rey, and both at the Santiago scored and raised further Llacked spark as a goalless Bernabeu. questions over the future draw away to Athletic Bilbao on “We are playing a lot of games of Sarri. Sunday offered fresh hope to at the moment and that shows,” “It’s difficult to find the their rivals in the title race. Luis Suarez said. “We also words to describe my feel- A thigh injury had limited lacked communication today ing after the game,” defend- Messi to 27 minutes against -- it is the little details that make er Azpilicueta, who was Real Madrid on Wednesday and a difference.” given a torrid time by two- while he played the full match Injuries have not helped ei- goal City winger Raheem at San Mames, Barca’s assistant ther. Messi was picked but not Sterling, told the club’s coach Jon Aspiazu had admitted fully recovered while Ousmane website. before kick-off he was not yet Dembele was fit enough only for “It is one of the worst 100 per cent. the bench, having shaken off an Barcelona’s Argentinian forward Lionel Messi (R) vies with Athletic Bilbao’s Spanish defender Inigo Martinez nights in my career. It’s very In all likelihood, he stayed on ankle injury. frustrating, it’s very disap- because his team needed him Coutinho struggling trol. Still, they twice should have always seemed to close around pointing. but Messi was not at his best and The struggling Philippe scored, with Messi and Suarez the penalty area and they strug- “When you lose 6-0 neither were Barcelona, who Coutinho retained his place both guilty of missing. gled to find a way through. everyone has to accept they would even have lost had it not alongside Suarez and Messi up First, Suarez peeled free at the Dembele replaced Coutinho didn’t play well. The only been for Marc Andre ter Steg- front but Arturo Vidal came in back post but glanced wide from with just over 10 minutes left thing I can say to the fans en’s stunning late save to deny KNOW WHAT for the injured Arthur Melo and Messi’s cross and then Messi but Bilbao had the best chance is ‘sorry’, because it’s not Inaki Williams. Nelson Semedo started at left hit the crossbar, the goal gaping to win it. Iker Muniain squared acceptable, and I feel sorry “He saved us,” coach Ernesto back, with Jordi Alba suspend- after Iago Herrerin had rushed for Williams, who looked cer- for all of them.” Valverde said. “It was a great The draw makes it ed. out to intercept Nelson Semedo. tain to score after wriggling free It was Chelsea’s third de- stop.” Bilbao had the better of the The game was frantic and of Gerard Pique. Instead, Ter feat in four Premier League The draw makes it three three games without a early stages as Yuri Berchiche Bilbao were more than holding Stegen shot out his right hand, games, coming after a 2-0 games without a win for La Li- win for La Liga’s lead- flashed just wide after a poor their own. Raul Garcia’s finish somehow denying the striker loss at Arsenal and a 4-0 ga’s leaders, whose advantage ers, whose advantage pass from Vidal while Markel was blocked and Mikel San Jo- from eight yards. thrashing by Bournemouth. is still six points but now with is still six points but Susaeta’s drive forced the leap- se’s effort whistled inches out- De Marcos received a second The only relief during that Real Madrid their closest chal- now with Real Madrid ing Ter Stegen into an acrobatic side of the post. yellow card in injury-time for a period was a 5-0 victory lengers, after they beat Atletico their closest challeng- save. In between, Barca had en - handball but there was no time over bottom side Hudders- on Saturday. ers, after they beat Barcelona settled into the joyed their best spell at the start for Barce to feel the benefit. Bil- field. “We were first last week and Atletico game but were never in con - of the second half but the gaps bao held on. Martial can reach Ronaldo’s level, Solskjaer says perfect time for says Man Utd boss Solskjaer confident United to play PSG AFP | Manchester AFP | London character around the place.” Martial, 23, who became anchester United’s return nthony Martial has the the most expensive teenager Mto Champions League ac- Atalent to reach Cristiano in history when he moved to tion against Paris Saint-Ger- Ronaldo’s level if he puts his United from Monaco in 2015 main today has come at the Anthony Martial mind to it, according to Man- for an initial £36 million ($46 perfect time, according to care- chester United caretaker boss million), has scored 47 goals taker manager Ole Gunnar Sol- Ole Gunnar Solskjaer. for the club. skjaer after a run of 10 wins and Martial had looked set to Ronaldo scored 118 one draw since the Norwegian leave the club in the summer af- goals in 292 appearances took charge. ter falling out with Jose Mour- for United, winning the When the two sides were inho but battled his way back Premier League three paired together in December’s into the Portuguese manager’s times and the Champi- draw, PSG were strong favour- plans. ons League. ites to make the last eight, with Last month, with Solskjaer United play Paris United mired in the final days now at the helm at Old Traf- Saint-Germain in of Jose Mourinho’s trouble- ford, he signed a deal keeping the first leg of their some tenure. Manchester United’s Paul Pogba (C) vies with Fulham’s Calum Chambers (R) him at the club until at least Champions League However, the mood around and Jean Michael Seri (L) (file photo) 2024. quarter-final on Old Trafford is transformed Kylian Mbappe. The France international Tuesday, bolstered two months on as Solskjaer “It makes them maybe more marked his first start since that by Neymar’s inju- has overturned an 11-point unpredictable for us who they contract with an assist and a ry, but Solskjaer deficit to break into the top I’ve found out what are going to play. superb second in the 3-0 win said the absence four of the Premier League “When you see that front against Fulham, where his fine of the Brazilian and beaten Arsenal away to kind of team we three over the whole season solo goal led ex-United captain would be a loss. reach the fifth round of the have. We are playing you know what to expect. We Gary Neville to compare it to a “When you play FA Cup. like a team, we are are guessing a little bit how they Ronaldo effort at Craven Cot- against the best teams, you “We’ve given ourselves the agreeing on how we will approach this game.” tage in 2007. want to play against the play- best possible opportunity with should approach Should United emerge victo- “He does have similarities, ers,” he said. “The crowd want the way we’ve gone into this games. If there was rious over the two legs it will of course,” said Solskjaer, who to see the best players. Too bad game because we are confi - ever a time to go into be the first time in five years replaced the sacked Mourinho for Old Trafford. dent,” said Solskjaer yesterday. the three-time European cham- in December. “If he wants to “I have played a couple of “I’ve found out what kind of big games like this it pions have reached the quar- be at Cristiano’s level, Anthony games when we played Real team we have. We are playing is now ter-finals. knows what he has to do. It’s up Madrid and (Brazil’s) Ronaldo like a team, we are agreeing OLE GUNNAR SOLSKJAER And Solskjaer admitted it has to him. He has the talent.” and (Luis) Figo and all those on how we should approach been too long since a memora- “I am glad he is in my team,” were coming to Old Trafford. games. If there was ever a time ble Champions League night at the Norwegian added. “He That gives it an extra edge. to go into big games like this it Old Trafford. has contributed to so many “Unfortunately for Neymar is now.” er all sidelined by injury. “Yes, it has been (too long), chances, so many goals. He is he is injured but of course he It may also be the perfect “Of course any team that are said Solskjaer. “It’s both the a Manchester United player. is a quality player. I think time to run into an injury-rav- missing players like Neymar, players and supporters who He excites the crowd. He ex- our right-back thinks it aged PSG, with the world’s most Cavani and Meunier will feel have been looking forward to cites the manager. He excites is not too bad he will not expensive player Neymar, Edin- the effect,” added Solskjaer, some of these nights because his teammates. And he is a great be here.” son Cavani and Thomas Meuni- who is still wary of the pace of they are special.”