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MONDAY 8 JUNE 2015 • 21 Shaaban 1436 • Volume 20 Number 6455 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780
PM attends QBA’s 10th anniversary celebrations Turkey’s ruling Tomato prices party loses majority in blow shoot up on to Erdogan ISTANBUL: Turkey’s Islamic- rooted ruling party lost its absolute parliamentary major- ity in legislative elections yes- supply crunch terday, dealing a severe blow to strongman President Recep Tayyip Erdogan’s ambition to Fall in imports and local output expand his powers. The Justice and Development DOHA: Soaring prices have So whatever quantities are Party (AKP) won the biggest made the tomatoes a luxury imported are put on the mar- share of the vote in the elections, purchase these days as some ket for immediate sale. Already, but well down on the almost 50 neighbourhood stores have been according to some dealers, percent it recorded in the previ- selling the vegetable between imports from Jordan, which is one ous 2011 polls. QR6 and QR8 a kg. of the largest exporters of toma- In a sensational result that And plum tomatoes, the favour- toes, are down due to the onset of shakes-up Turkey’s political land- ite of curry-makers, is rare to see the summer season. scape, the pro-Kurdish People’s except the European ones avail- “They are a luxury indeed,” sar- Democratic Party (HDP) easily able only in the shelves reserved castically commented an Asian surpassed the 10 percent barrier for elite customers in big shop- woman as she put some tomatoes needed to send MPs to parliament. ping complexes. in her shopping bag in a big out- Under Turkey’s proportional Some organic tomatoes from let yesterday. The high prices of representation system, this means Europe that earlier sold for QR11 tomatoes notwithstanding, their Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani yesterday launched the AKP will need to form a coali- a box of six, are now priced much quality is too bad. It is rare to a book documenting Qatar’s economic achievements over the past 10 years. The launch was made during tion for the first time since it first higher — in some cases for as sight a blood-red tomato these a ceremony organised by the Qatari Businessmen Association (QBA) celebrating their 10th anniversary at came to power in 2002. much as QR28. days and common to see ones that The AKP secured 41 percent of Sheraton Hotel. The Prime Minister congratulated the association and praised the private sector’s contribution. As for the common man’s toma- are yellowish or greenish red. the vote, followed by the Republican toes available almost everywhere, The Ministry of Economy and People’s Party on 25 percent, the their retail rate fixed by the gov- Commerce said yesterday that the Nationalist Movement Party on ernment at the Central Market price hike was caused by a short- 16.5 and the pro-Kurdish People’s yesterday was QR5.5 per kg. age in imported as well as locally Democratic Party (HDP) fourth In wholesale, the Jordanian produced tomatoes. The harvest on 12.5 percent, said official results tomato was available for QR35 season in Qatar ended last month. All projects on track: Emadi based on a 98 percent vote count. per eight-kg box, while those “According to media reports, Turnout was 86 percent. imported from Saudi Arabia nor- tomato prices are unstable in DOHA: Finance Minister holding a series of meetings with to the available resources, Al According to the official seat mally packaged in five-kg boxes, exporting countries and produc- H E Ali Sherif Al Emadi re- concerned government entities Sharq reported. projection, the AKP will have cost QR22 a box. tion has dropped due to seasonal affirmed yesterday that Qatar to prioritise future projects, with Earlier, addressing a work- 259 seats in the 550-seat parlia- The Ministry of Economy and factors. Reports from neighbour- will launch its all proposed a special emphasis on World Cup shop, the minister said the 2016 ment, the CHP 131, the MHP 82 Commerce has attributed the ing countries also suggest that projects as per the original 2022-related projects. The FIFA- budget, which will be effective and the HDP 78. price hike to a shortage of sup- huge quantities of tomato released plans. None of these projects focused projects will get a spe- from January, will be different The results wreck Erdogan’s ply in the local market. Some for sale were eaten by worms and will be delayed or deferred, he cial priority over the next seven in many ways. The 2016 budget dream of agreeing a new consti- retailers this newspaper spoke being sold at throwing prices due said. years. will be focusing not merely on the tution to switch Turkey from a to yesterday said tomatoes nor- to poor quality. So the prices of The Minister stressed that the Al Emadi said that the new allocations to various ministries parliamentary to a presidential mally became expensive within alternative products — imported implementation of state projects state budget for 2016 will witness and government departments as system that he had made a fun- the onset of summer since their tomatoes — have also gone up,” are in accordance with the plans an increase in public spending was the practice until the cur- damental issue in the campaign. growing season is winter. said a statement issued by the and programmes announced in compared to the current fiscal. rent fiscal, but will consider the The result was a triumph for Since it is a perishable vegeta- ministry in response to report the state budget. Funds would The size and pace of the imple- resources being generated by each the HDP. It was also a personal ble, unlike potatoes, onions and carried by Al Sharq yesterday. be allocated to the concerned mentation of mega projects will government entities and agen- victory for the party’s charismatic garlic that have long life, tomatoes Tomato prices in Qatar projects strictly in line with the increase in next fiscal. The gov- cies. The new budget will also be leader Selahattin Demirtas. “We, are not dumped in cold storages increased by up to 35 percent budget proposal. If needed, more ernment will hold consultation structured according to the glo- as the oppressed people of Turkey by importers in large quantities last month compared to the same funds would be allocated for the with various ministries and gov- bal standards set by international who want justice, peace and free- for sale after the season, espe- period last year. projects that are fast progessing, ernment agencies prior to prepar- financial agencies like IMF. dom, have achieved a tremendous cially during the hot summer THE PENINSULA the Minister said. ing the 2016 budgets. The public THE PENINSULA victory today,” he said. AFP months, dealers say. Continued on page 2 The Ministry of Finance is spending will be exactly matching Continued on page 3 See also page 7 Men caught drilling well illegally DOHA: The Ministry of Qatari, 55, back in high school Environment has initiated legal action against a con- DOHA: It’s never too late for which granted him permission 12,” he told Al Raya. But it would tractor and a resort owner Qatari Ahmad Albu Rashid to to continue under the Parallel not be the end yet for Ahmad’s for trying to drill an under- finish high school. Education System or evening education as he has plans to finish ground well near Al Khor Ahmad quit school in 1973 school. college. under cover of the night, with- and now at 55, he is enrolled in Through a crash program he “I am planning to join univer- out government permission. Grade 11 and about to graduate finished Grades 5 and 6 dur- sity and take up Economics and The Ministry inspectors next year. For him age is not a ing the academic year 2008-2009 Business Administration,” he said, spotted a drilling machine hindrance in pursuing his dream and moved to Middle School, adding he believes he will do well mounted on a truck digging at of acquiring good education. then to high school in Al Wakrah in university because of his good a resort near Al Khor city. After 35 years, he decided to Independent Secondary School in command in English having had The men at work were go back to school in 2008 and the 2013. education in Cambridge in the UK caught red-handed late night idea was supported by his family “I am in Grade 11 and near to in addition to taking courses in when drilling was being carried and friends, he said. He went to finish Secondary education. If I the British Council. out in the dark, the ministry the Supreme Education Council pass the exams I’ll move to Grade THE PENINSULA said in a statement yesterday. A patrolling team from the Environment Protection Department at the Ministry which passed by the resort late that night noticed the illegal Israeli warplanes hit Gaza Saudi strikes kill drilling. The machine operator failed to produce the permit for GAZA CITY: Israeli warplanes on Saturday evening struck open 45 in attack on drilling when he was asked to struck Gaza early yesterday for ground near the southern port of do so, said the ministry. the second time in three days Ashkelon, causing no casualties. Yemeni army HQ Both the drilling contractor after cross-border rocket fire The same area was targeted by and the owner of the property by an Islamist extremist group three rockets on Wednesday. The SANA’A: Saudi-led air strikes will face punishment under the which is locked in a power Israeli government ordered the killed at least 45 people during law. The punishment for bor- Men drilling an underground well near Al Khor under cover of the night. struggle with Hamas. closure until further notice of the an air raid on the main head- ing wells without permission It was the third time Israel had Erez crossing for people and the quarters of the Yemeni army is jail for three months to one The drilling equipment has said the statement. staged retaliatory air strikes on Kerem Shalom crossing for goods. in central Sana’a yesterday, the year and a fine of QR10,000 to been confiscated and the oper- As per the law, the violators Gaza Strip in the past fortnight Israel said it held Hamas respon- state news agency Saba said. QR25,000 or one of them, said ators have been taken into will be responsible for restoring after three instances of rocket sible for all attacks emanating from More than 100 people, includ- the statement. custody. The ministry has reg- the drilled land to its original fire, all of which were claimed by the Palestinian enclave, with Prime ing women and children, were In case of a repetition of istered violations involving the status at their expense. Salafist extremists loosely allied Minister Benjamin Netanyahu also wounded in the attack, which the violation, the fine will truck driver, owner of the vehi- The Ministry has urged the with the Islamic State group. warning that nobody would pre- destroyed private houses in the be doubled and the drilling cle and the equipment and the public to report any violation Palestinian security sources and vent Israel from defending itself. “I Tahrir district of central Sana’a permit of the contractor will resort owner. They have been related to environment through witnesses said the raids targeted a have not heard anyone in the inter- adjacent to the compound. be suspended for a maximum handed over to Al Khor police the hotline 998. training site belonging to Hamas’ national community condemn this Residents earlier reported four one year. for further legal procedures, THE PENINSULA armed wing, the Ezzedine Al firing; neither has UN said a word,” explosions at the compound. Qassam Brigades, in the northern he told ministers at the start of the REUTERS Beit Lahiya area. The rocket fire weekly cabinet meeting. AFP See also page 7 MONDAY 8 JUNE 2015 02 www.thepeninsulaqatar.com HOME
FM meets UN envoy to Yemen Emir condoles with Solar power: Discovery Saudi king DOHA: H E Sheikh Joaan bin Hamad Al Thani conveyed con- dolences of Emir H H Sheikh Tamim bin Hamad Al Thani may boost Qatar efforts to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Kingdom Research by QEERI and AMBER unravels chemical of Saudi Arabia on the death of HRH Princess Jawaher bint secrets of new material perovskite Abdulaziz bin Abdulrahman Al Saud. DOHA: A Qatari research entity, hosted by Ireland’s Trinity College are able to alter in structure follow- Condolences were conveyed Foreign Minister H E Dr Khalid bin Mohamed Al Attiyah met the UN through a collaborative research, Dublin and Centre for Research ing exposure to sunlight, allowing as HRH Prince Ahmed bin Secretary-General’s Special Envoy for Yemen Ismail Ould Cheikh Ahmed. has discovered chemical secrets on Adaptive Nanostructures and them to trap energy internally. Abdulaziz Al Saud met Sheikh Talks dealt with latest developments in Yemen. Ahmed briefed the Minister of a new material that could make Nanodevices (CRANN), has looked It is hoped that the finding, Joaan in Riyadh yesterday. Sheikh on UN efforts and preparations to convene the Geneva conference on solar energy generation more eco- specifically at a newly discovered recently published in the scientific Joaan also offered his condolences Yemen in mid-June. nomical and unleash the potential material called perovskite. journal Nature Communications, to the prince. of this renewable resource. Perovskite, crystal-like in form, will help the scientific community’s The breakthrough by Qatar has excited the scientific world understanding of perovskite and Porsche 918 Environment and Energy Research since its discovery in 2012 due to bolster global research to address Institute (QEERI) of Qatar the fact that it is a cheaper and its innate stability issue. Spyder recalled Foundation (QF) could be instru- potentially more effective alterna- The research, which took years OBG announces team mental in Qatar’s plans to diversify tive to silicon, one of the traditional to complete, was done by using DOHA: The Ministry of energy supplies by tapping its abun- materials used in solar cells. advanced computer modelling and Economy and Commerce, in dant solar power. In three years, the mineral has simulation tools, a process that collaboration with Al Boraq According to experts, the natural made progress at unprecedented involves creating and analysing a Automobiles — Porsche Centre for Qatar 2016 report power of the sun supplies the Gulf speeds. prototype of the material to predict Doha, distributor of Porsche state with the annual equivalent of The dramatic rise, however, has its performance in the real world, cars, has announced the recall DOHA: Oxford Business Group, 1.5 million barrels of oil per square been cut short due to the material’s and focusing on electronic proper- of 2015 Porsche 918 Spyder due the global publishing, research kilometre. However, much of this natural instability. Even to func- ties of the material. to a malfunction in the back and consultancy firm, has goes to waste. tion, perovskites must be held in Dr Sabre Kais, Director, Theory, electrical cooling fan. announced managerial appoint- The high cost of harvesting latent an inert atmosphere, exposed to Modelling, and Simulation Group, The ministry said the recall is ments for a team to oversee energy has made it an unattractive almost no oxygen, low humidity lev- QEERI, said: “The finding is the part of its ongoing coordination OBG’s operations in Qatar. investment for ‘traditional’ energy els, and no temperature variations. result of a lot of hard work. About and follow-up to ascertain the Elise Postigo is Country companies, and it has become a The research has revealed two years ago, we started weekly extent of car dealerships’ com- Director and Gregory Kramer major obstacle for Qatar in realis- important secrets about how the seminars to discuss and understand mitment to follow up vehicles’ Editorial Manager for The ing its ambition of generating a fifth mineral functions and operates. properties of this class of materials. defects and repair them to protect Report: Qatar 2016. of its energy needs from renewable Until now, researchers have The discovery happened as Dr consumers’ rights. It urged con- Postigo moves into her new resources by 2024. remained puzzled over how per- Fadwa El Mellouhi, Dr Nouar sumers to report any abuses or post from Saudi Arabia, where QEERI, which has taken a lead- ovskite is able to store and capture Tabet, and Dr Fahhad Alharbi irregularities to the Department she recently contributed to OBG’s ing role in energy and water secu- solar energy, with scientific opin- from QEERI and Dr Carlo Motta of Consumer Protection and operations there. A nine-year vet- rity research in the region, may well ion divided over precisely what from AMBER presented and ana- Commercial Fraud Combat which eran of OBG, she has worked in have come up with a solution that chemical process occurs naturally lysed results of their study during receives complaints, suggestions OBG’s Gulf markets, including will lead to less reliance on oil and inside the material after it has been one of our seminars.” QEERI and and inquiries through its commu- Kuwait and Bahrain, and played Elise Postigo, Country Director with gas in the future. exposed to solar rays. AMBER were recently awarded a nication channels. a lead role in expanding the firm’s Gregory Kramer, Editorial Manager, The research with AMBER, a The mystery has been solved, grant to continue research by Qatar business development in Africa. for The Report: Qatar 2016. research centre funded by Science with the research revealing how National Research Fund. Qatar to host Since joining OBG in 2009, Foundation Ireland (SFI) and jointly inorganic crystals inside perovskite THE PENINSULA Kramer has divided his time Director for the Middle East, GCC meeting between Jordan and Bahrain, OBG, said the team was tak- where he was based for two years ing the reins in Qatar at a sig- DOHA: The GCC Ministerial before relocating to Qatar. nificant juncture in the country’s Committee for Post, Having taken the editorial lead development. Average ‘tomato price reached QR35 a box in May’ Telecommunications and on the 2014 and 2015 editions of The report will be the 12th in Continued from page 1 in the local market at QR21 per box (QR3 per kg) Information Technology will reports on Qatar, Kramer has the series produced by OBG and Prices increased from QR2 to QR3 per kg to QR3 in May last year was priced QR28 per box (QR4 per hold its 24th meeting at St. over two years’ experience in the a guide to facets of Qatar, includ- to QR5 over one year. Tomato was being sold in kg) last month. Regis Hotel, Doha, tomorrow. state. He has also played a key ing macroeconomics, infrastruc- the local market at QR5 since the beginning of this Average price of tomato in May last year was It will discuss development of part in helping OBG develop its ture, banking and other sectoral month, said the ministry. QR27 per box (QR4 per kg) compared to May this the post, telecom and information operations in the region. developments. Prices of tomato from European countries reached year when it reached QR35 per box (QR5 per kg), technology sectors and means of Jana Treeck, Managing THE PENINSULA QR25 per kg. Jordanian tomato that were available said the ministry. THE PENINSULA boosting cooperation. QNA MONDAY 8 JUNE 2015 HOME www.thepeninsulaqatar.com 03 Full support to Filipinos: Embassy BY RAYNALD C RIVERA
DOHA: Philippine Ambassador Wilfredo C Santos assured Filipinos here of the embassy’s commitment to provide them with assistance as they cel- ebrated Philippine Migrant Workers’ Day yesterday. “On this day, I would like to reiterate to you my personal com- QRC officials at the press conference. mitment to assist all Overseas Filipino Workers (OFWs) in Qatar, whether you are in dis- tress or not and provide quality Ramadan: QRC unveils and efficient consular services. “The embassy will continue fast and polite services for our com- QR100m campaign patriots here,” said Santos at the event at POLO-OWWA office. DOHA: The Qatar Red Al Mohannadi told a press confer- He said the celebration was Crescent (QRC) has launched ence yesterday. “very significant because it is the its Ramadan campaign with Saad bin Shaheen Al Kaabi 20th anniversary of the passage of humanitarian projects worth of QRC highlighgted marketing RA 8042 or the Migrant Workers’ QR100m in and outside Qatar. channels and ways of donation and Overseas Filipinos Act.” Locally, QRC will set up an under the campaign, including RA 8042 was enacted in 1995 Iftar tent and conduct medical online, cash and bank transfer. “to institute policies of overseas examinations and awareness pro- Ahmed Al Khulaifi, Manager employment and establish a grammes at mosques. of the campaign, spoke about higher standard of protection and It will also distribute Iftar meal projects. promotion of welfare of migrant From left: Welfare Officer Elenita R Cleofas, Labour Attaché Leopoldo B De Jesus, Ambassador Wilfredo C Santos, on streets and conduct hospital Throughout the year, QRC will workers, their families and over- an honoree and Welfare Officer Amelia Empaynado at the event. visits to support patients. provide assistance to 300 poor seas Filipinos in distress”. There will also be social events students and 600 poor families, Santos relayed the message of abroad will continue to assist and nation-building. and Employment, and Rebecca such as ‘Recite and Ascend’; ‘This purchase three new ambulances Foreign Affairs Secretary Albert you whether you are in distress “You and your families consti- Calzado, Administrator, OWWA, Is My Wish’; and ‘Outstanding and more hospital beds, and man- del Rosario stressing the govern- or not,” he said. tute a significant segment of the respectively. Students’. age Patient Support Fund for 300. ment’s commitment “to priori- The day is an annual celebra- Philippine society and we give due They praised OFWs’ hard work “Our Ramadan campaign On the international level, food tise protection of the rights and tion to pay tribute to OFWs’ recognition to you on this day,” and dedication as they serve their involves Ramadan-specific and packages will be distributed to promotion of welfare of Overseas contributions to the national he added. host countries and their contribu- year-round projects in different the poorest in 18 countries and Filipinos”. economy. “Today is also consid- Labour Attaché Leopoldo B tions to the Philippine economy. areas of humanitarian action, 35 relief and development projects “While the Philippine gov- ered a day of thanks because our De Jesus and Welfare Officer More than 40 Filipino organi- including shelter, health, food undertaken in nine countries ernment continues to lay the government thanks Overseas Elenita R Cleofas also conveyed sations were honoured for their and non-food assistance, water — Palestine, Lebanon, Yemen, groundwork to create jobs, we Filipinos for their contribution the message of Rosalinda Baldoz, contributions to the Filipino com- and sanitation, education, fam- Sudan, Somalia, Nepal, India, Sri in the embassies and consulates to national development, progress Secretary, Department of Labour munity. THE PENINSULA ily development, and social/ Lanka and Mauritania to beneit health awareness, with a budget about 900,000 people. of nearly QR100m,” Saleh bin Ali THE PENINSULA Qatar attends Arab Human Rights meet Govt agencies asked to prepare 2016-18 budget estimates CAIRO: The 38th session of the Arab Human Rights Permanent Continued from page 1 needs, without over-projection. prepare their budget estimates expected to proceed in spite of Committee opened yesterday at Arab League Headquarters under Al Emadi said preparation of There will be ample allo- for next three years 2016-18. the decline in energy prices. Omani National Rights Human Rights Committee member Dr the new budget proposal needs cations for all projects, but This will ensure 2016 budget About $29bn worth of con- Mohamed bin Suleiman Al Rashidi. coordination and cooperation of the state will be strict on the estimates will be close to actual tracts were awarded last year Sheikh Mohamed bin Youssuf bin Jabor Al Thani, Assistant Director, ministries and concerned gov- spending policy to ensure public figures. and the momentum is expected Human Rights Department, Foreign Ministry, is representing Qatar ernment entities. spending is not weakening the Meanwhile, National Bank of to further increase this year at the meeting, also attended by representatives of Arab human rights The ministries and govern- economy. Kuwait (NBK), in its economic on the back of $13bn worth of committees. The five-day meeting will discuss Arab League General- ment agencies will be directed to The Ministry of Finance has update on Qatar, noted that contracts for strategic projects Secretariat’s report on measures taken to implement recommendations prepare their budgets for the new asked all concerned government Qatar’s five-year, $210bn infra- awarded in the first quarter of of the panel and Arab human rights strategy, among others. QNA fiscal according to their actual agencies, including ministries, to structure development plan is 2015. THE PENINSULA MONDAY 8 JUNE 2015 04 www.thepeninsulaqatar.com HOME
Qatar to attend Mena forum in London DOHA: Qatar will attend in the of plans of National Development (Middle East and North Africa Strategy 2011-2016 to achieve goals Cebu starts twice weekly Economies, Diversification, of Qatar National Vision 2030. Growth and Employment) MENA He will also review initial steps Economies 2015 conference organ- taken by Qatar towards a knowledge- ised by Chatham House in London based economy and diversification from today. of income resources by attracting The two-day event will be attended foreign investments which have direct Manila-Doha flights by ministers from Arab states and achieved a clear balance in the state’s senior officials from international economic capabilities and traditional DOHA: Cebu Pacific Air economic organisations. financial revenues from oil and gas (CEB) has begun flights Minister of Development Planning exports. between Manila and Doha, 31 OFWs return and Statistics H E Dr Saleh bin The forum will discuss opportuni- making it the first Philippine Mohammad Al Nabit will lead ties to increase economic competi- carrier to start operations in home on Qatar’s delegation and address the tiveness in the region and identify Qatar. opening session, highlighting Qatar’s mechanisms to create new job oppor- The non-stop service leaves maiden flight efforts to accelerate development in tunities in Mena by encouraging Doha on Tuesdays and Fridays DOHA: Thirty-one dis- general and economic development in innovation and new economic ideas. at 4.15am and arrives in Manila tressed Overseas Filipino particular, through implementation QNA at 6.35pm. The return flight Workers (OFWs) in Qatar leaves Manila on Mondays and were able to return home Thursdays at 9.35pm and arrives for free aboard the maiden in Doha at 2.45am the next day. flight of Cebu Pacific Air on Fares start at QR688, about Friday morning. 50 percent lower than other air- Philippine Labour lines, said the company. Attache Leopoldo B De “We look forward to offer- Jesus expressed gratitude ing Cebu Pacific’s trademark to the carrier for assistance low fares to travellers in Doha, it extended to reunite the especially since we are the only OFWs with their loved ones. low-cost carrier operating this The carrier has reserved route. With our expanding 100 slots for distressed network, Qatar becomes more OFWs, including the 31, he accessible from the Philippines, added. THE PENINSULA and the Filipino community Officials at the launch event. can reunite with families more one more airline to its opera- often,” said Alex Reyes, General convenient same-terminal con- Filipinos and Qataris and the tions and we would like to con- Manager, Long-Haul Division, necting flights for guests tak- country’s flourishing expat pop- gratulate Cebu Pacific Air on its CEB. ing advantage of its extensive ulation who will now be more growth and success,” said Badr The new route utilises CEB’s Philippine network. enticed to visit the Philippines Mohammed Al Meer, Chief new Airbus A330-300 aircraft, It serves the other two key with its affordable rates. We are Operating Officer, HIA. with a configuration of 436 all- markets for global Filipinos: the hoping to tap Cebu Pacific as the “As the gateway into Qatar economy class seats. Hot meals, UAE via direct flights to Dubai, embassy’s partner in promot- and to the rest of the world, we seats with extra legroom and and Saudi Arabia via Riyadh. It ing Philippine tourism in Qatar,” are glad to have the opportunity Wi-Fi on board, among others, also the only airline flying direct said Ambassador Wilfredo C to facilitate easy and convenient are options that can be added between Manila and Kuwait. Santos. passage to the Philippines,” he to the fare. “Cebu Pacific’s presence in “Hamad International added. CEB offers fast and Qatar will benefit over 200,000 Airport is pleased to have added THE PENINSULA HMC team wins 3D printing contest DOHA: An application The project was selected as the that would see 3D print- best concept and design by a panel ing methods applied to of judges comprising faculty and knee replacement sur- design engineers from TAMUQ. gery has been awarded Representatives from other the first prize in a 3D local organisations also partici- printing competition pated in the competition, includ- hosted by Texas A&M ing TAMUQ, Sidra Medical and Research Centre and Qatar Robotic Surgery Centre. According to Dr Al Dosari, one of the most promising applica- tions of 3D printing in healthcare is its ability to produce patient- specific devices. “We are delighted to have col- laborated with engineers from TAMUQ to jointly design this concept that can be routinely used in revision knee surgeries. “Using this model, a person- alised spacer (a displacement aid in surgery) can be specifi- Dr Mohammed Al Ateeq Al Dosari, Director, Bone and Joint Centre, HMC, cally designed for each patient speaks at the event. for their bone condition,” Dr Al Dosari said. University in Qatar (TAMUQ). by enabling surgeons to individu- “We anticipate that the use of A team from Hamad ally tailor tools for each patient. the individually-tailored tool in Medical Corporation’s (HMC) The winning project, ‘Patient- knee replacement surgery will Orthopaedics Department won Specific Implant Spacer in significantly reflect in better out- the prize in Seventh Visualisation Infected Total Knee Replacement comes for our patients. Development and Third 3D (TKR) using 3D technology’, was “This builds from HMC’s com- Printing Competition, which led by Dr Mohammed Al Ateeq Al mitment to provide the safest, encourages the most innovative Dosari, Director, Bone and Joint most effective and most compas- uses of 3D visualisation and print- Centre, HMC, Dr Shamsi Abdul sionate care to each and every ing techniques that allow users Hameed, Specialist, Orthopaedics one of our patients,” Dr Al Dosari transfer applications to visuali- Department, Dr Khalid Hasan, noted. sation and 3D printing systems. Resident, Orthopaedics, and He said the project is intended The tool for orthopaedic Yasser M Al Hamidi, Laboratory to be featured at international patients is expected to signifi- Manager, Mechanical Engineering scientific forums. cantly improve outcomes for them Programme, TAMUQ. THE PENINSULA MONDAY 8 JUNE 2015 HOME www.thepeninsulaqatar.com 05 WISE to work with Chinese educational institutions Joint research in entrepreneurship education, 21st century skills among goals
DOHA: The World Innovation (LIFE), organised by the 21st disadvantaged rural areas of and help inspire and leverage Summit for Education Century Education Research China and elsewhere. new, exciting accomplishments. (WISE), an initiative of Qatar Institute. WISE also announced a part- “WISE is pleased to welcome Foundation (QF), has entered Yiannouka also hosted a round- nership with China Renmin our Chinese readers to the into new partnerships and ini- table discussion with Chinese University Press, one of the oldest extended WISE community,” said tiatives with key Chinese edu- education innovators, and gave and distinguished publishers of Yiannouka. cational institutions following interviews with the media. academic works, for translation BQFP, publishers of WISE discussions with senior educa- WISE agreed to establish a and publication of three WISE books, will license the rights tors and research officials in regular presence at key education books into Chinese. to publish books in Chinese to Beijing. forums in China, such as LIFE, The partnership expands the Renmin. In addition to expanding an annual conference on innova- impact and reach of WISE books With more than 3,000 college Chinese representation at the tion in education. as they will enter the largest edu- textbooks and academic works Maya Eitani, a dietician at HMC, speaks about controlling glucose level WISE 2015 Summit, WISE will WISE will also pursue collab- cation market in the world. released each year, Renmin will engage with Chinese institutions orative research with Tsinghua “We are delighted that the publish translated books as a through the use of the insulin pump at the workshop. on collaborative research efforts University on entrepreneur- work of so many education series in April 2016, and WISE in entrepreneurship education, ial education and with China innovators and entrepreneurs will launch them during the next 21st century skills and other Education Innovation Institute described and celebrated in LIFE in Beijing. HMC holds workshop for areas of common interest. at Beijing Normal University on three WISE books and the work Fayuan Wu, Editor of WISE In engaging with some of 21st century skills. of QF, will be directly available books in Chinese and President of China’s distinguished institutions Both institutions are among to a potentially vast Chinese Yuanchuang Education Institute, and education innovators,WISE the top 10 Chinese universities, readership. said, “WISE is a pioneering ini- children with diabetes is supporting QF’s mission in new and their delegations will attend “Collaboration between WISE, tiative. WISE books, looking into DOHA: The Paediatric Mohammadi, Coordinator, approaches to education, promot- WISE 2015. Bloomsbury Qatar Foundation innovative solutions and success- Endocrinology and Diabetes Paediatrics Department’s newly ing innovation and building the WISE will explore the possibil- Publishing (BQFP) and Renmin ful practices in education around Unit at Hamad Medical introduced Diabetes Support future of education through the ity of partnering with the Rural University Press could expand the the world, are a valuable source of Corporation (HMC) recently Programme, said the workshop summit and ongoing programmes. Education Action Programme impact of QF’s education agenda. inspiration for China. I am con- organised a workshop for aimed to raise awareness and During the recent visit to (REAP), an initiative of Centre “We hope aspirations and vinced that Chinese education diabetic children dependent improve the knowledge of chil- Beijing, Stavros N Yiannouka, for Chinese Agricultural Policy accomplishments of educators policymakers and reformers will on insulin pump, at Bayt Al dren with diabetes, and their CEO, WISE, gave the opening and Stanford University, to and thought leaders portrayed in benefit from WISE books trans- Diyafah in Hamad Bin Khalifa families, about childhood diabe- keynote address at the Learners’ conduct joint research on early these books will resonate produc- lated into their language.” Medical City. tes and how to prevent complica- Innovation Forum on Education childhood development in tively with our readers in China THE PENINSULA Maya Eitani, a dietician at tions related to diabetes. HMC, gave a lecture about con- She said the workshop also trolling glucose level through aimed to educate young patients the use of the pump, which dis- about how to manage their con- charges insulin doses based on dition by adopting a healthy the patient’s starch (carbohy- lifestyle and provided social and drate) intake. psychological support as they Ooredoo extends free double data promotion The pump is a medical device exchanged information and used for the administration of shared experiences. DOHA: Due to popular demand, Ooredoo customers will receive for all new subscribers who pur- QR100 for 6GB, QR200 for 15GB insulin in the treatment of dia- The workshop, which featured Ooredoo has announced exten- double their allocated data for chase a data pack from MIPs, and QR400 for unlimited data. betes mellitus. recreational and cultural activi- sion of Double Data promotion, their weekly or monthly allow- which start from QR15 for Hala To subscribe to an MIP Participating patients and ties, was organised in conjunc- as more and more people access ance for the same price as their and QR60 for Shahry customers. and begin their double data, their families and caregivers tion with the Health Awareness life-enhancing services of the regular pack. Hala MIPs come in weekly Shahry customers need to were divided into groups and and Volunteering Programmes at Internet on Ooredoo’s bigger The promotion will give denominations of QR15 for 250 SMS “MIP
DOHA: Qatar General Electricity and Water Corporation (Kahramaa) has opened a new electricity work- shop in Al Shamal City. It is part of an operation and maintenance development project to ensure uninterrupted high quality water and power services to customers. The workshop was launched based on the highest standards to respond to faults and inter- ruptions on the spot. Kahramaa aims to reduce interruption periods as one of the corporate performance indi- cators. The workshop will also Traffic diversion on arterial road serve as a standby office to cover DOHA: The Public Works During diversion, existing two cables and OHL faults. Authority (Ashghal) has announced lanes in each direction will be closed It is equipped with techni- traffic diversion on the main arte- on part of Al Wukair Road, from after cal devices, vehicles and OHL rial road between Al Wakra and Al Al Tayseer Petrol Station towards Al cranes to ensure uninterrupted Wukair areas, starting from June Wukair area, with a length of around power to consumers while 10. It will be in place for 10 months. 500 metres. standby staff are ready to deal The diversion will facilitate con- Traffic will be diverted to a minor with faults immediately. struction of Interchange No. 11, one diversion with the same number of The workshop covers north- of the five that form part of design lanes in each direction. A 50kpmh ern areas, including Al Ruwais, and construction of Al Wakra Bypass speed limit will be in force on the Abo Zolouf, Om Jassim, Al Road project. diversion route. THE PENINSULA Arish, Al Sulaimi, Al Gharia, Al Azba, Al Mafer, and Al Jasasia. Kahramaa has cable main- tenance workshops in Madinat Khalifa and Al Rayyan, and OHL maintenance workshops in Al Shahaniya and Al Khor. Officials outside the new workshop. All workshops are equipped to deal with faults along with the The workshops and all nine deal with any incident reported around the clock. main workshop in Abu Hamour. standby offices all over Qatar by Kahramaa call centre 991 THE PENINSULA
Ooredoo launches Business Self-Service Portal DOHA: Ooredoo yesterday convenient format, without said: “Companies in Qatar are to give Ooredoo’s growing launched a new Business having to contact their account becoming increasingly sophis- business customer base more Self-Service Portal to give manager or the Ooredoo call ticated in the way they manage access to their information, customers more control over centre. their communications needs, accounts, service options and their accounts and services The feature is free to sub- and we are launching this increasingly complex product this year. scribe to, with customers need- portal as part of our efforts portfolio. Developed for small and ing to register on the website to provide everyone with dig- Customers will be able to medium businesses, the por- (http://ooredoo.qa/en/business- ital services they require to do access the portal wherever tal enables companies to eas- home) to receive their user- business. The portal will enable they are in the world, via lap- ily manage their bills and will name and password. customers to take control of top, desktop, tablet device or soon enable them to place new Waleed Al Sayed, Chief their communication.” smartphone. service orders in a secure and Operating Officer, Ooredoo, The portal has been designed THE PENINSULA
Commercial Bank names summer loan campaign winners
DOHA: Commercial Bank has announced the period will get the opportunity to partic- a payment holiday of up to six months for the third winners of its summer cam- ipate. For details on how to enter the draw, Qataris and three for expatriates, same day paign, which offers customers the best call 44490000 or visit your nearest Branch. approvals, and 24-hour support. deals for personal, vehicle and mortgage Customers can enjoy the campaign until Dean Proctor, EGM Chief Consumer & loans. July-end, benefitting from personal loans Private Banking, said: “The bank continues Saleh Ahmad Fakhro and Ime Emmanuel with repayment rates — 3.99 percent reduc- to offer exceptional value to our customers. Johson entered into the weekly prize draw ing interest rate (equivalent to 2.15 percent To give them more benefits over the sum- by taking out a personal loan. They each flat interest rate), vehicle loans 1.99 percent mer months we will continue to offer two won travel vouchers worth QR15,000 to flat interest rate (equivalent to 3.69 percent customers a chance to win travel vouchers spend however they choose, on any desti- reducing interest rate) and mortgage loans every week until the end of the campaign. nation they desire. with repayment rates starting from 3.99 I would like to congratulate this week’s There are two winners every week dur- percent reducing interest rate (equivalent winners and look forward to next week’s ing the campaign and customers who take to 2.15 percent flat interest rate). announcement.” a personal, vehicle or mortgage loan during These loans come with added benefits of THE PENINSULA MONDAY 8 JUNE 2015 MIDDLE EAST www.thepeninsulaqatar.com 07 Sisi chastises Jubilant Kurds celebrate election results DIYARBAKIR, TURKEY: Thousands of jubilant Kurds flooded the streets of Turkey’s southeastern city of Diyarbakir police, govt on yesterday, setting off fireworks and waving flags as the pro- Kurdish opposition looked likely to enter parliament as a party anniversary for the first time. The Peoples’ Democratic Party (HDP) said initial results from yesterday’s election showed President apologises to Egyptians it would take 80 of 550 seats, a stunning result for a party that CAIRO: Egyptian President militants, who have killed hun- pollsters had said would struggle Abdel Fattah Al Sisi reproached dreds of soldiers and policemen. to cross the required 10 percent police and criticised his govern- Several secular activists have threshold. ment yesterday, a year after he also been jailed for violating a It also marks a major set- took office, after critics accused law curbing demonstrations. back for President Recep Tayyip him of allowing human rights Authorities deny allegations of Erdogan, who had hoped for a abuses to flourish and doing lit- abuse and Sisi says the Muslim crushing victory for the AK Party tle to boost jobs. Brotherhood is a threat to he founded, allowing it to change Many Egyptians support Sisi national security. the constitution and give him for delivering a degree of stabil- In March, Sisi sacked his inte- broad executive powers. ity after years of turmoil follow- rior minister who had played a Erdogan had repeatedly lashed ing the 2011 uprising that ousted large role in the crackdown on the out at the HDP and its charis- autocrat Hosni Mubarak. Muslim Brotherhood. matic leader Selahattin Demirtas But critics say he has returned The courts have recently taken before the elections. Young supporters of pro-Kurdish Peoples’ Democratic Party (HDP) celebrate in the streets the results of the Egypt to authoritarian rule and up several cases where police are “This result shows that this parliamentary election, in Diyarbakir, yesterday. has not done enough to boost its accused of killing civilians, includ- country has had enough. Enough battered economy. ing a young woman commemo- of Erdogan and his anger,” said Sisi, the former army chief who rating the 2011 uprising, a Mursi Seyran Demir, a 47-year-old The crowds brought traffic to a flags. Men fired pistols into the air, The HDP had looked to reach ousted Egypt’s first freely elected supporter detained in hospital housewife who was among the standstill in parts of the city, the a traditional sign of celebration. beyond Turkey’s roughly 20 per- leader — Mohamed Mursi of the and a lawyer allegedly tortured thousands who gathered in the largest in Turkey’s southeast. Just two days earlier, bombs cent Kurdish population, attempt- Muslim Brotherhood — in mid- to death in a police station. streets around the HDP’s provin- Elsewhere, young people drove tore through a HDP rally in ing to woo centre-left and secular 2013 following mass protests A policeman received a three- cial headquarters. “I am so full of through sidestreets hanging out Diyarbakir, killing two and voters disillusioned with Erdogan. against his rule, addressed the month jail sentence yesterday joy that I can’t speak properly.” of car windows and waving HDP wounding at least 200. REUTERS criticism yesterday. for hitting a lawyer with his shoe At an event to launch army- during an altercation, judicial backed infrastructure projects, sources said. Sisi said: “I say to our sons in the The trials, while rare, have police or any government agency raised hopes that the police, who they must be mindful that they rights groups accused of wide- ‘Snapback option in Iran deal’ are dealing with human beings.” spread torture under Mubarak, His comments were reported by will be held more to account. DUBAI: Iran will accept a nuclear deal under which United state news agency MENA. Nearly all the 100 policemen Nations sanctions could be reimposed in the event of non- Activists say the police, whose tried for killing protesters in the compliance, so long as Tehran enjoys similar protections, a power waned as Mubarak fell, 2011 revolt were acquitted, along senior negotiator was quoted as saying. now act with impunity, a charge with former Interior Minister Last week, Western officials told Reuters that six world pow- the Interior Ministry denies. Habib Al Adly and top aides. ers, negotiating with Iran towards a June 30 deadline, had agreed “I apologise to every Egyptian Sisi has set about trying to on a so-called “snapback” under which UN sanctions would be citizen who has been subjected boost the economy with huge restored if Iran broke the terms of any eventual deal. to any abuse. I am accountable infrastructure projects. But while “The deal will be arranged such that if either side feels that for anything that happens to an some, like plans for a second Suez the other is in breach of its obligations, it can turn back and Egyptian citizen,” Sisi said. Canal, appear to be on schedule, resume the activities it had before the deal,” Tehran’s chief But he presented no clear plan others, such as a plan to reclaim nuclear negotiator, Abbas Araqchi, was quoted as saying by state for addressing the problems. swathes of desert, have fallen news agency IRNA yesterday. Since ousting Mursi, Sisi behind. “We absolutely do not trust the other side, and they do not has clamped down on Islamist REUTERS trust us.” REUTERS 45 killed in Saudi-led raids on Sana’a SANA’A: Twenty civilians The raids hit residential Houthis. Other raids hit an allies were killed or wounded,” were among at least 45 people buildings, including five houses arms depot at Nahdain, south said General Fadhl Baesh. killed in Saudi-led air strikes that were completely destroyed, of Sana’a. Riyadh said the Houthis on the rebel-held armed witnesses said. Several rebel positions in the fired a Scud missile at Saudi forces headquarters in the The rebel-controlled Saba north, mainly in the Houthi territory Saturday, a day after Yemeni capital yesterday, a news agency said 44 people stronghold Saada province their rebel allies killed four medic said. were killed and more than 100 and the provinces of Hajja and Saudi soldiers in cross-border The raids on the army head- wounded “including woman Amran, were heavily bom- attacks. quarters in central Sana’a and children”. barded overnight by the coali- Yemen has been engulfed came a day after the kingdom’s Later yesterday, clashes tion, witnesses said. in turmoil since the Iranian- air defences shot down a Scud broke out on the Saudi-Yemeni In the south, coalition jets backed Houthis seized the capi- missile fired from the war-torn border where the kingdom’s targeted rebel positions on the tal in September and advanced country. army sent more troops and northern and western outskirts on the southern city of Aden, They also followed the UN hardware, including tanks, of second city Aden in support forcing Hadi to flee into exile confirmation of June 14 as Al Arabiya satellite television of southern fighters backing in Saudi Arabia. the start date for peace talks reported, broadcasting footage exiled President Abdrabuh The Saudi-led coalition between warring Yemen fac- of convoys heading south. Mansur Hadi. has carried out air strikes on tions in Geneva, which both the In the air war, seven Saudi- Fighters from the south- Yemen since March 26 to push country’s Shia Houthi rebels led raids also targeted the ern Popular Resistance were back the Houthis and restore and its exiled government said Jumaineh military base, east of attempting to prevent rebels Hadi’s authority. More than they will attend. the capital Sana’a, according to from advancing towards 2,000 people have died since “At least 20 civilians and witnesses. the neighbourhoods of the air campaign began. 25 soldiers and officers were The base belongs to the Al Masnoura, Dar Saad, Sheikh The United Nations has killed” in four raids that hit elite Republican Guard that Othman and Al Buraiqa, urged Yemeni parties to engage the headquarters in the Tahrir has remained loyal to former according to a pro-Hadi mili- in talks in Geneva without residential neighbourhood in president Ali Abdullah Saleh, tary commander. preconditions. central Sana’a, the medic said. who has allied himself with the “Several Houthi rebels and AFP
Call for Libya political solution
CAIRO: Algeria, Egypt and Italy yesterday called for a political solu- tion in Libya, on the eve of UN-mediated talks aimed at forming a unity government in the war- torn country. Libya plunged into chaos after a 2011 NATO- backed uprising toppled and killed veteran dicta- tor Muammar Gaddafi, with heavily armed former rebels carving out their own fiefdoms across the country. Two parliaments and two governments are vying for control of the country, where the Islamic State jihadist group has recently made inroads. Months of UN-mediated talks between Libyan fac- tions have failed to pro- duce a political accord. AFP MONDAY 8 JUNE 2015 08 VIEWS www.thepeninsulaqatar.com
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FAR-RIGHT Israeli minister’s call yesterday for the international community to endorse his country’s Scrap G7 and its summit; 1981 annexation of Syria’s Golan Heights is further Aproof of the Jewish nation’s policy of expansionism and land grab. Going a step further, the minister called for increased Jewish settlement in Golan Heights. Naftali Bennett, it’s divided and outdated the education minister and head of the Jewish Home party, BY LARRY ELLIOTT and leading supporter of the settlement movement, said his that without a rapid return to fiscal implications, hence the importance government should aim at one hundred thousand Jews on the rectitude there could be no sustain- of the summit in Addis Ababa next strategic plateau in five years from a current population of NGELA Merkel and her able growth. month. 23,000. guests will pose for the group Nor has a dominant figure emerged A strong, confident G7 would photo and say all the right who is prepared to take charge, some- be pledging money now, as it did at Israel seized 1,200 square kilometres of the Golan Heights Athings at their press confer- one prepared to chivvy the reluctant Gleneagles 10 years ago. That would from Syria in 1967 and annexed it 14 years later, in a move ences. The richest nations in the world, into agreeing to be ambitious in those increase the chances of the financing never recognised by the international community. Even in they will say, have never been closer, areas where there is a degree of con- for development conference providing Bennett’s words, there is not one country which recognised never more united in their commit- sensus, such as the repeated promises the money need to achieve the SSGs the Golan as part of the state of Israel, “including our best ment to solving the pressing problems to support development in the world’s and would vastly improve the chances of today. Yes, it’s that time of year poorest countries. of an ambitious outcome in Paris. Don’t friends”. That he seeks to change this status quo is not again: the annual G7 summit. The one G7 leader who could do this hold your breath. surprising. It has been Israel’s avowed policy to capture Arab The G7 is a moribund institution is Barack Obama, and the expectation A second case for G7 action is land, build settlements on it cocking a snook at international and has been for the past decade. As was that he would take up the man- Greece, where the risk of a default opposition and finally claim the land as its own. an instrument of the internationalism tle of leadership when Gordon Brown and possible exit from the eurozone has The minister’s statement comes at a time when a boycott it was set up to pursue, it is hopeless. lost power in 2010. The US president increased over the past week. Relations movement against Israel is gaining momentum in the West, It should be scrapped. has proved unwilling or unable to do between Athens and its creditors have It takes a number of ingredients so, with the result that the G7 leaders soured. which has rattled the Israeli leadership. The government of to make an international body work. meet, issue a vapid communiqué, and Negotiations between Greece and Benjamin Netanyahu has stubbornly refused to learn any There have to be hotfoot it back to the airport as fast the troika have centred on short-term lessons from the boycott movement. Its settlement expansion, problems that they can. For the past 14 years, the issues, such as how big a budget sur- human rights violations and need solving. G7 has said it will spare no effort to plus the country should run once tak- atrocities against Palestinians are There has to be complete the Doha round of trade lib- ing account of the interest payments continuing despite international some degree of eralisation. It remains unfinished. The on its debts. But as Jonathan Loynes Netanyahu’s The G7 has for a unanimity about G7 is supposed to prevent beggar-thy- of Capital Economics has pointed out, expansionism opposition. The death of the peace how those prob- neighbour economic policies, yet its the real issue is that Greece’s debts process, the disunity of Palestinians long time lacked lems should be member countries are blatantly seek- are – like those of Tanzania or Zambia and land and the weakening of the Arab the unanimity solved. And there ing to drive down their exchange rates two decades ago – unpayable. Short states and their lack of interest has to be leader- to secure a competitive advantage. of a miracle, Greece is going to need grab will in the Palestinian issue due to and leadership to ship to ensure There are specific instances where a big write-down. Greece currently that unanim- the G7 could – and should – be using has a debt to GDP ratio of 175%, but problems at home triggered by be defeated tackle its many ity when it is its collective muscle but is failing to its creditors are assuming that it will Arab Spring have all emboldened not immediately do so. The summit in Bavaria will be grow by almost 3.5% a year on average by the BDS Israel to persist with its dangerous problems. forthcoming. followed by three global summits in in each of the next five years and that policy of settlement expansion. But Only the first the second half of 2015: the first in this will bring the debt ratio down to Movement. the boycott movement, called the of those ingre- Addis Ababa will look at financing 120% of GDP, at which point the coun- Boycott, Divestment and Sanctions dients currently exists. The G7 has for development; the second in New try might again be able to raise money plenty to talk about: Greece; Ukraine; York in September will set the United in the financial markets. Movement (BDS) is a powerful the next set of development goals and Nation’s sustainable development goals This is fantasy stuff. Greece is antidote to Israeli highhandedness. The movement is gaining how to finance them; climate change; for the next 15 years; the third in Paris unlikely to grow at anything like these popularity in unexpected quarters. According to a report, the trade; the weakness of the global recov- in December will seek a legally binding rates, especially if saddled with a fresh American gambling magnate and major Republican party ery; how to engineer the exit from the deal on climate change agreed to by dose of austerity. The IMF knows this, donor Sheldon Adelson hosted a closed-door meeting of pro- zero interest rate environment of the every nation. which is why it has been pressing, so Israel billionaires and activists recently to combat the growing past six years; combating systematic The G7 should be working back- far unsuccessfully, for a debt write-off tax evasion; and tackling inequality. wards from Paris. It should begin by to be part of any new financial deal support for this movement on US university campuses. Israel What it does not have, and has not asking itself what sort of cuts in carbon for Greece. Obama knows it, which is must realize that it can’t act unilaterally and continue to defy had since 2010, is a common view emissions would be needed to prevent a why the US Treasury has been putting the world. The BSD movement will grow big enough to disturb about how to go about achieving any damaging rise in global temperatures. pressure on Europe to strike a compro- its peace and the financial and political muscle of Israeli of these aims. When the global finan- Countries big and small, rich and poor, mise agreement with Athens. A coa- lobbyists all over the world won’t be able to stop it. cial crisis was raging, ideological dif- will all need to play their part in meet- lition that included Obama, François ferences did not matter. The G7 all ing this target and failure in Paris will Hollande and Cameron could put real The international community regards all Israeli cut interest rates and they all ran make it a lot harder to meet the UN’s pressure on Merkel. But it won’t hap- construction on land seized during the Six-Day War as bigger budget deficits in an attempt sustainable development goals. pen. Obama is not engaged enough. illegal. The European Union in 2013 issued guidelines banning to stimulate growth. But the consen- So the next question is how to help Hollande is too weak. Cameron needs European institutions from dealing with Israeli entities sus did not last, and divisions opened poorer countries make their growth Merkel to help him with his EU rene- operating in settlements. However hard Bennett tries to make up. The Americans said growth should sustainable, through help to make gotiation. The G7 will wring its hands Golan a part of Israel, the international community will never take priority over deficit reduction; the the transition to low-carbon energy but do nothing. It has outlived its pur- Germans, backed by the British, said infrastructure. That has financial pose. THE GUARDIAN approve the move. The other side Quote of Taxis and technology the day
HE Delhi government’s rejection by the driver. Run-ins with authority even without getting into the question can be stated without a doubt that hir- on Wednesday of fresh licence aren’t anything new for tech-enabled of whether the ban was justified in the ing a cab is far easier now than before. applications of app-based taxi firms such as Uber. The world over, first place, the point to wonder about is The ban doesn’t make any party better Tfirms such as Uber and Ola is Uber has clashed with governments why Uber and others didn’t comply with off. And the problem of safety in Delhi justified if it is premised on, as has been and of course with the old order the government order. Did they? How isn’t one that was caused by these widely reported, their failure to comply of organised taxi services, which it are they going to explain this? app-based services. The problem is My message to the with an earlier ban. The administration inevitably disrupts. It is hardly surprising Now, with the Department of bigger and older. Governments across had banned app-based taxi services when old, regulated businesses cry Telecom asking Internet service pro- the world and businesses across the German people in December 2014 after it was alleged foul about new, smart technologies viders to block the websites of the world will be increasingly confronted by that a cab driver working for Uber raped that disrupt them. The disrupters are taxi services in Delhi, the ban order is new offerings, enabled by technology is simple: We are a woman passenger. Following this, marketplaces — they own no cars finally enforceable. Nonetheless, it is and by a new world order where inno- grateful for your these taxi firms were asked to apply but make their money linking people still important to question the ban in the vation is the order of the day. Today, for licences to operate. They did so. who want a cab ride and drivers who first place. The reasons were weak in the battle is over app-based taxis. friendship, for But then they have been accused of not want business. The government, at December when the ban order was first Tomorrow, it could be over something complying with the ban. The rejection of some point, as in the case of the rape sent out. And they continue to be weak, else. The government’s point is: without your leadership. the application comes just days after a incident, has to show it is acting tough. notwithstanding the fact that they were a licence, there is no keeping tab. Barack Obama passenger aboard Uber was molested And it does so by means of bans. But not complied with in the first place. It THE HINDU US President MONDAY 8 JUNE 2015 VIEWS www.thepeninsulaqatar.com 09 At G-7, Obama and his Putin problem
among communist and capitalist blocs. Obama shows little Russia has, even during the Ukraine crisis, continued to help identify and inclination to talk to destroy Syria’s stockpiles of chemical weapons. But many Russia experts say that the Obama administration under- Putin himself; even estimated Putin’s determination to fuel the Ukraine conflict, even though it was before the Ukraine not in Russia’s interest. “He’s not a chess player — he plays checkers. That’s why we’re surprised. crisis, Obama We thought he was playing chess,” said Derek Chollet, a former assistant secre- cancelled a visit to tary of defence for international secu- rity affairs who is now at the German Marshall Fund. Moscow in 2013 As the conflict in Ukraine drags on, the administration has been more after Russia granted ready to openly point to Russia’s direct participation. asylum to Edward “One other effective tool that we’ve seen quite recently is making clear that there are Russians operating in Ukraine Snowden, who and that some of those Russians are being killed,” Charles Kupchan, senior revealed secrets National Security Council director for European affairs, said in a conference call Thursday. “The presence of Russian about the NSA troops in eastern Ukraine is something that the Russian government has tried to programme. deny, but the more evidence and the more public evidence there is of that presence, BY STEVEN MUFSON From Left: US President Barack Obama, Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel arrive for the first the more pressure there is on Vladimir working session of a G-7 summit at the hotel castle Elmau in Kruen, Germany, yesterday. Putin.” Taking the measure of Putin has t the UN General Assembly been the real centre of Russia policy. meeting in September, White House officials said that Obama will launch a 10-day deployment test for programme. When Medvedev was president, the President Barack Obama would not only support existing sanctions NATO’s new quick-reaction force. But current and former White House two countries agreed on a new START, presented his list of “new but also would consider imposing more. The United States is also rotating officials say that Obama has been inti- UN resolutions on Iran and North dangers” confronting the “It’s important for Russia to under- more forces through the Baltic states mately engaged in US-Russia rela- Korea, membership in the World Trade Aworld: the Islamic State, Ebola and stand that, should it continue to have and Poland. tions. He helped negotiate details in Organization, new supply routes to US Russian aggression in Ukraine. He further escalation in Ukraine, it could be For the most part, though, what was the telemetry chapter of the Strategic troops in Afghanistan, and economic lib- seemed not to be pulling his punches. faced with additional consequences,” dep- an acute crisis last year has settled into Arms Reduction Treaty, or START, eralisation. “We were getting big stuff “We believe that right makes might, that uty national security adviser Ben Rhodes a frozen conflict, at best, testing US when Dmitry Medvedev was Russia’s done,” McFaul, the former ambassador, bigger nations should not be able to bully said in a conference call with journalists and European resolve to maintain — or president. Last fall, he disagreed with said. smaller ones and that people should be on Thursday. toughen — economic sanctions. Russia senior Democratic Party experts on But then Putin declared his candidacy able to choose their own future,” Obama The G-7 meeting is a symbolic moment. has tried wooing the Czech president Russia — including former deputy sec- to run for president again. And he con- said. After the Cold War, the annual gather- and the leaders of Hungary and Greece, retary of state Strobe Talbott, Biden demned the US and NATO air attacks on But then eight months later, Secretary ing of the leaders of the world’s major but German Chancellor Angela Merkel and former national security adviser Libya, railed against what he called US of State John Kerry was on his way to industrial nations had added Russia and has led the push for keeping costly sanc- Zbigniew Brzezinski — who over dinner interference in his re-election bid and Sochi, Russia, for a rare high-level meet- went from being known as the G-7 to the tions in place as long as Russia fails to at the White House urged Obama to send took issue with the notion of US excep- ing with President Vladimir Putin that G-8 — a gesture welcoming Moscow into abide by the terms of the Minsk ceasefire lethal weapons, such as anti-tank weap- tionalism. Putin was particularly angered focused on issues such as limiting Iran’s the wider community of nations and a agreement. ons, to Ukraine to raise the conflict’s cost by McFaul’s efforts to encourage “civil nuclear programme and combating tribute to the “Bill and Boris show” that The crisis in Ukraine also has forced to Russia. society,” the people and groups independ- Islamist terrorism even as the Russian featured presidents Clinton and Yeltsin. the Obama administration to reexamine A former administration official said ent of the government. leader fanned the flames of crisis in east- But when Putin seized Crimea last its Russia policy that began six years ago that one of the questions he has heard The last time that McFaul met Putin, ern Ukraine. It was a mission that the year, that violation of international bor- with an optimistic “reset” and that has Obama ask on issues including Ukraine during Kerry’s previous visit to Moscow administration had debated for months, ders set off alarms throughout Europe become one in which the two leaders no was: If it’s not going to be effective, two years ago, Putin told Kerry that with Obama and Vice President Biden and in the United States. When the longer speak to each other. why do it? the United States was naive to think it fearing that it might be misinterpreted as group of world leaders met in Belgium For months, an interagency policy That reasoning, along with Merkel’s could foster Russian opposition groups. an easing of the US position on Ukraine. in June, Putin was left out. review has wrestled with issues such as agreement, has stiffened his determina- “He was pretty blunt about it. He looked The UN meeting and Kerry visit The gathering has again reverted to whether Russia should be seen as a glo- tion not to send weapons to Ukraine. right at me,” McFaul recalled. “He didn’t are bookends of an Obama policy on being the G-7, excluding Russia for only bal or regional power and whether the Doing so, he has said, would not be use my name but said, ‘We know what Russia that has bounced from coopera- the second time in two decades. Yet, with United States should send lethal weap- enough to defeat Russian and Russian- your embassy is doing here in its support tion to confrontation and eventually to renewed violence in eastern Ukraine, ons to Ukraine. It also has grappled with backed forces in Ukraine, and it would for the opposition and we don’t appreci- compartmentalisation. Moscow is ensuring that its absence will how to compartmentalise topics such as only risk escalating the fighting. ate it.’” The shifting strategies reflect a con- be palpable. Iran, terrorism and the Islamic State, on Moreover, Obama tends to see Russia Yet many Russia experts say that if stant tension — between principle and “We haven’t been concerned with secu- which the United States might choose to in terms that he laid out in a news con- naivete was involved, it was the belief pragmatism, isolation and engagement rity in Europe in 30 years. We thought continue cooperating with Russia even as ference at The Hague in March 2014. He that the Putin who invaded Georgia when — that has made it so difficult for Obama this was done,” said Michael McFaul, it confronts the country. called it “a regional power that is threat- George W Bush was president would not to deal with Moscow on a series of issues, Obama’s former ambassador to Russia, The Obama administration even strug- ening some of its immediate neighbours — seek to keep other neighbouring states in without seeming to go soft on Russia’s “and over the last year and a half we gled for weeks over how to describe the not out of strength but out of weakness.” Moscow’s orbit. annexation of Ukraine’s Crimea region. learned that’s not true.” forces fighting the government in east- But Obama also has come under criti- At this point, experts say that Obama Those tensions came to a head in “We’re not back in the Cold War but ern Ukraine, a senior administration offi- cism from some Russia experts who say and his foreign policy team no longer Germany where Obama is attending neither are we in the strategic partner- cial said. In the end, the administration that with that comment and others, he hope for cooperation or democratic a Group of Seven summit that will be ship we have tried to establish,” said Jens stopped calling them Russian-backed needlessly has antagonised Putin and reform in Russia. “I think they’re more consumed by Ukraine, the pending Iran Stoltenberg, secretary general of NATO. separatists and started calling them overestimated the speed with which eco- concerned about Russians doing mis- nuclear deal, and the wars in Iraq and Indeed, aggressive Russian military “combined Russian-separatist forces” — nomic sanctions would, as Obama put it chief, rather than a positive contribu- Syria. Each puts different demands on manoeuvres have galvanised Europeans, an effort to shame Russia publicly into after last year’s G-7 meeting, give Putin tion to what we’re trying to achieve,” said Obama’s relations with Putin. On the who Stoltenberg says must boost mili- changing its behaviour rather than hop- “a chance to get back into a lane of inter- Thomas Graham, a managing director at first, Obama needs to confront Putin and, tary spending. NATO — which will hold ing to keep Russia’s direct involvement national law.” Kissinger Associates who was NSC direc- on the latter two, progress isn’t possible its summit next year in the Polish presi- quiet and letting Putin choose a face- “I talked to a Russian acquaintance tor for Russia under Bush. He cited the without, at least, tacit support from the dential palace’s Column Hall where the saving exit. who said if we could get back to peaceful need to keep Russia in agreement with Russian leader. Warsaw Pact binding the Soviet Union Obama shows little inclination to talk coexistence, that would be an improve- other powers for an Iran accord. With the escalation of attacks this together with its Eastern European to Putin himself; even before the Ukraine ment,” said Angela Stent, a Georgetown Beyond that, though, Graham added: week by Russian-backed separatists on allies was signed in 1955 — has increased crisis, Obama cancelled a visit to Moscow University professor and a former State “There are no expectations for the rela- Ukrainian forces and the continued for- military activity in countries bordering in 2013 after Russia granted asylum to Department and National Intelligence tionship. They just don’t want things to ward positioning of heavy artillery in Russia. On Friday, it began a 17-nation Edward Snowden, who revealed classi- Council official. “Peaceful coexistence” is blow up between now and the end of the violation of ceasefire agreements, Russia naval exercise in northern Europe’s Baltic fied secrets about the National Security the phrase coined by Soviet leader Nikita term.” is leaving the G-7 leaders little choice. Sea, and starting tomorrow in Poland, it Agency’s far-reaching surveillance Khrushchev in 1953 to reduce tensions WP-BLOOMBERG Coordinated effort needed to prevent the next pandemic in West Africa, as well as the that contained no mega-city and discussions about creating a WHO took to assemble these specialised to respond to a pandemic. In West A pandemic need for aid to rebuild the rav- sent only a limited number of response function — assuming units and capabilities, such as the Africa we saw a plethora of clinical aged nations of the region. Both travellers out of the region. that the agency could be trusted tools to airlift infectious patients tests separately led by the United steps are critical. The next time, the world to manage it — rely largely on for treatment. States, Britain, France and China flu could be But neither will address what might face a far more dangerous overburdened and underfunded Second, the G-7 should combine with no coordination. Moreover, should be our No 1 lesson from the threat. A pandemic flu could be nongovernmental organisations to these national military resources fights about who would be liable spread easily Ebola crisis: the need for substan- spread easily and quickly, carried staff a response. Thus, any new into a single international entity if anyone was injured by these tial measures to keep us safe from by individuals with no obvious WHO response capacity will lack — what German Foreign Minister unproven vaccines and treatments the pandemic on the horizon, a symptoms. It could explode like a military-style mobile hospitals Frank-Walter Steinmeier has went unresolved. GAVI, the global and quickly, catastrophic event that is inevi- wildfire in a massive city and be ready to be deployed; battalions of called a “white helmet battal- vaccine alliance, runs hugely suc- table if we don’t move quickly to carried overnight by thousands medical personnel with accompa- ion” — that could respond to cessful immunisation programmes carried by prevent it. As Bill Gates recently of travellers to the world’s major nying security support to isolate an outbreak before it becomes for proven vaccines, but it lacks a said, “If anything kills over 10 mil- commerce centres. and treat the infectious and the a full-scale epidemic. This body mechanism for handling unproven lion people in the next few dec- To the extent there is discus- ill; or a medical airlift capacity should have the capacity to deploy vaccines (or therapeutics), or for individuals with ades, it’s most likely to be a highly sion of improving the interna- to move patients to places where rapidly anywhere in the world dealing with the intellectual prop- infectious virus, rather than a tional response to epidemics, they can get help. with medical field facilities, lab erty and liability issues involved no obvious war.” So why, with the Ebola epi- the focus has been on the need Here is what should be on the equipment, security and medical when new medicines are intro- demic serving as a fresh warning, to reform the World Health G-7 agenda: teams. The European Union has duced without a track record. The aren’t the G-7 leaders doing more Organization. Such reforms are First, the G-7 nations — espe- pledged to take up the question time to resolve such issues before symptoms. to tackle this critical health and badly needed, but even a fully cially the United States, Britain, of creating an EU-flagged unit; an epidemic is raging. security issue? effective WHO will not close the Germany and France — should what is really needed, however, is Finally, the G-7 nations need BY RON KLAIN As scary as Ebola was, the most gaping holes in the world’s agree to retain the capacities a broader effort that includes the to step up their commitment to world’s success in taming it may epidemic response system. Even their militaries developed during United States (and perhaps other global health security, because in s President Barack Obama have given us a false sense of secu- if the WHO did a better job of the Ebola epidemic for infectious non-EU countries). the long run, the only way to keep and his fellow Group of rity. Ebola was, in many ways, a recognising outbreaks that pose disease response and patient air- Third, the G-7 nations need to all of us safe from outbreaks is to ASeven leaders meet in deceptively simple test of the a risk of epidemic and alerting lift. These capacities could eas- convene the relevant experts and have every nation’s health-care Germany, Ebola is on the agenda. world’s epidemic response system. the world that action is needed, ily dissipate now that the most authorities to develop a coherent system sufficiently resourced to The leaders will talk about the Ebola is hard to transmit and easy it does not have the substan- acute phase of epidemic is over. In approach to the fast approval and provide at least a preliminary need to wipe out the relatively to detect. The epidemic broke out tial response function needed to a future pandemic, the world may deployment of new vaccines and response to an outbreak. small number of remaining cases in three relatively small countries combat such an epidemic. Recent not have the four to six months it treatments that might be required WP-BLOOMBERG MONDAY 8 JUNE 2015 10 www.thepeninsulaqatar.com MIDDLE EAST Iran keeps EU Women’s fun race team from foreign media MEP lashes out at security official
TEHRAN: An EU delegation Yesterday’s incident occurred was stopped yesterday from despite the group of seven EU law- speaking to foreign media in makers being invited to Tehran by Tehran, with an Iranian secu- their Iranian counterparts. rity official threatening action “This is an old behaviour which against reporters and photog- has nothing to do with the new raphers if they tried to film the politics of Iran,” Brok later told incident. AFP by telephone, alluding to Having called a press confer- hopes of better political relations ence at their hotel in the capital, if there is a nuclear deal. the plans of the Foreign Affairs “It leaves a bad impression but Committee of the European this unhappy incident did not Parliament were disrupted, spoil the visit,” he added. prompting an angry exchange on The group, which was to leave the street. Tehran later yesterday, was the After being ushered off hotel first European parliament delega- premises, Elmar Brok, chairman tion to visit Iran since December of the committee, angrily told the 2013. security official: “You cannot stop On April 2, Iran and the P5+1 — me from talking to reporters.” the United States, Britain, China, Participants in the 5km women’s fun race organised by Beirut International Marathon in Byblos (Jbeil), north Beirut, Lebanon, yesterday. Thousands But Brok, a German MEP, was France, Russia plus Germany — of women are taking part in the marathon which is being held under the slogan ‘Rise and Run’. pointedly warned he had no right agreed the main outlines of the to speak to media near the end nuclear deal, with Tehran agree- of a two-day trip, which comes ing to mothball parts of its atomic as world powers near a June 30 programme. deadline for a deal on Iran’s dis- The EU delegation met senior puted nuclear programme. Iranian politicians including par- Saudi SC upholds jail, lashes for blogger A crew from Press TV, Iran’s liament speaker Ali Larijani and English language channel which is Masoumeh Ebtekar, one of Iran’s DUBAI: Saudi Arabia’s supreme the 1,000 lashes he was sentenced Badawi’s wife expressed fear notorious religious police. broadcast worldwide, was invited vice presidents. court has upheld a sentence of to outside a mosque in the Red that the implementation of the The co-founder of the online to interview Brok but he can- “With this visit the European 10 years in jail and 1,000 lashes Sea city of Jeddah on January 9. flogging sentence “might resume venue, Suad Al Shammari, was celled the engagement. Parliament wants to give a strong against blogger Raif Badawi on Subsequent rounds of punish- next week.” released from jail in February. But Foreign journalists were ear- signal of its commitment to build- charges of insulting Islam, his ment were postponed on medical “I was optimistic that the Badawi’s lawyer, Walid Abulkhair, lier told by a hotel manager that ing trust in this key moment in wife said yesterday. grounds. advent of (the Muslim fasting who is also a rights activist, there was no permission for a EU-Iran relations,” Brok said The judgement came despite Amnesty International month of) Ramadan and the remains behind bars. press conference. separately in a statement. worldwide outrage over his case slammed the “abhorrent” deci- arrival of a new king would bring Badawi and Abulkhair have Photographers and video The talks centred on instability and criticism from the United sion to uphold a “cruel and unjust a pardon for the prisoners of con- been nominated for this year’s reporters were also warned by the in the Middle East, including in Nations, United States, the sentence,” describing it as a “dark science, including my husband,” Nobel Peace Prize by Norwegian security official that they would Syria, Iraq and Yemen, as well as European Union, Canada and day for freedom of expression.” she said. member of parliament Karin face repercussions if they used drug smuggling in neighbouring others. “Blogging is not a crime and Badawi co-founded the Saudi Andersen. His supporters have their equipment in any way. Afghanistan, climate change and “This is a final decision that is Raif Badawi is being punished Liberal Network Internet discus- launched a campaign on Twitter The activities of foreign media the environment. irrevocable,” Ensaf Haidar told merely for daring to exercise his sion group. using the hashtag #backlash that in Iran, particularly Western out- Human rights, a regular area of AFP in a telephone interview right to freedom of expression,” He was arrested in June 2012 has gathered momentum, and lets, are strictly controlled and contention between Iran and the from Canada. “This decision has said Philip Luther, Amnesty’s under cyber-crime provisions, and posted pictures of people with subject to multiple regulations West, were also discussed. shocked me.” Middle East and North Africa a judge ordered the website shut lashes drawn on their backs with and restrictions by authorities. AFP Badawi received the first 50 of director. after it criticised Saudi Arabia’s red lipstick. AFP
Netanyahu ally US-led air raids attack IS battling rebels in Syria urges powers to BEIRUT: US-led aircraft Washington. IS has been seeking Syria’s conflict began in March bombed Islamic State group to expand its territory by seiz- 2011 with anti-government dem- recognise Golan fighters as they battled rival ing the Aleppo province towns of onstrations but descended into a Syrian rebels, including Marea and Azaz, which lie on key war after a regime crackdown. annexation Al Qaeda loyalists, for the first supply routes for the rival rebels. It has evolved into a complex time overnight, a monitoring Online, IS supporters accused battle with multiple fronts, and JERUSALEM: A far-right group said yesterday. Al Nusra and Ahrar Al Sham involving the regime, rebels, ally of Israeli Prime Minister The Syrian Observatory for of collaborating with the US-led jihadists and Kurdish forces. Benjamin Netanyahu urged Human Rights monitor described coalition, denouncing them as Yesterday in northeastern world powers yesterday to rec- the raids in northern Syria’s “America’s spies” and collabora- Syria, the Observatory and ognise Israel’s 1981 annexation Aleppo as an intervention on tors with the “crusader coalition.” Syrian state media said govern- of the Golan Heights, saying the side of the rival rebels, even Despite sharing a jihadist ide- ment troops had pushed IS fight- Syria no longer functions as a though they include forces that ology, Al Nusra and IS are fierce ers back from Hasakeh city after country that could reclaim the have previously been targeted by rivals, with IS seeking to expand fierce fighting. strategic plateau. US-led strikes. its self-declared “caliphate” in IS began an assault on the city, The remarks by security cabi- “The coalition carried out at territory it holds in Syria and which is capital of the province of net minister Naftali Bennett least four strikes overnight tar- Iraq. Al Nusra pledges alle- the same name, on May 30, that appeared aimed at capitalising on geting IS positions in the town giance to Al Qaeda chief Ayman has left 119 dead, among them 71 global debate over how to handle of Suran,” the Britain-based Al Zawahri, but has for now regime forces and 48 IS fighters, Syria’s de facto break-up during group said. confined its ambitions to Syria 11 of them suicide bombers. a four-year-old insurgency, as “It’s the first time that the and has allied with conserva- By Thursday, IS had advanced well as at undermining support international coalition has sup- A Syrian soldier at Flita Height in the Qalamoun mountains at the Syrian- tive Islamist groups fighting the to the city’s southern entrance. for Palestinian statehood on other ported non-Kurdish opposition Lebanese border. regime and IS. “IS, which has been at the land Israel occupied in the 1967 forces fighting the Islamic State,” week ago, and has since been Al Sham have been targeted The US-led coalition began southern entrance of the city Middle East war. Observatory director Rami Abdel fighting an alliance of Islamist in US-led raids, including as its air campaign in Syria last since Thursday, was forced to “I call on the international Rahman told AFP. rebels including Al Qaeda affili- recently as May 20, when a September but the majority of pull back two kilometres after community: Stand with us, rec- He said at least eight IS fight- ate Al Nusra Front and the Ahrar strike in Aleppo province killed 15 its strikes have been confined to fierce combat with regime ognise Israeli sovereignty over ers were killed in the strikes and Al Sham movement in the sur- Al Nusra fighters. areas where IS has undisputed forces,” the Britain-based moni- the Golan Heights now,” Bennett 20 injured. rounding area. Like IS, Al Nusra is blacklisted control or is battling Kurdish tor said. said in a speech to the Herzliya IS seized control of Suran a Both Al Nusra and Ahrar as a “terrorist organisation” by forces. AFP Conference, an annual Israeli pol- icy forum. “Borders are changing daily. Syria, as a state, no longer Sudan’s First vice-president sworn in exists. So this is the time for initiative.” Past US-backed Israeli-Syrian Islamic State militants peace efforts were predicated on a return of the Golan. With President Bashar Al Assad hav- ing now lost swathes of Syria to kill three Libyan troops jihadi rebels like Islamic State, Bennett argued Israeli hawks had TRIPOLI: Islamic State mili- recent months claimed responsi- been vindicated in opposing any tants killed three soldiers loyal bility for several attacks, includ- territorial handover. to Libya’s self-declared gov- ing the storming of a Tripoli “It’s clear that had we listened ernment controlling Tripoli, hotel and the murder of doz- to the world and given up the state news agency LANA said ens of Egyptian and Ethiopian Golan, ISIS (Islamic State) would yesterday. Christians. be swimming in the Galilee,” Islamic State forces have prof- They have seized the central Bennett said, referring to the ited from Libya’s turmoil, four city of Sirte after clashing repeat- northern lake that is a key Israeli years after the overthrow of edly with forces from the western water source. “Enough with the Muammar Gaddafi, to gain a foot- city of Misrata sent from Tripoli. hypocrisy, already.” hold in the North African country The militants have staged suicide Israel has publicly straddled where two rival governments are bombings against Misrata forces the fence on Syria. It sees Assad’s battling for power and Libya’s oil at checkpoints on the Sirte to decline as irreversible. But it wor- wealth. Misrata road. Libya’s interna- ries about his reinforcement by The militants stormed a tionally recognised government Iran and Hezbollah guerrillas military police checkpoint in and elected parliament have from neighbouring Lebanon, and Bughrain, a town east of Misrata, been based in the east since a the prospect of unbridled chaos if Sudanese President Omar Hassan Al Bashir (right) watches as Bakri Hassan Saleh (left) is sworn in as the First and killed the soldiers with knives, rival faction seized the capital in Damascus falls. Vice-President, during a ceremony in Khartoum yesterday. Tripoli-based LANA reported. August and reinstated a previous REUTERS Islamic State militants have in assembly. REUTERS MONDAY 8 JUNE 2015 EUROPE / AMERICAS www.thepeninsulaqatar.com 11 G7 leaders urge tough line on Russia Obama, Merkel reaffirm friendship after spying row; summit to discuss climate, health and militant threats
KRUEN, GERMANY: Leaders of the chancellor’s mobile phone. from the Group of Seven (G7) “My message to the German industrial nations backed a tough people is simple: We are grate- line towards Moscow at the start ful for your friendship, for your of a summit in the Bavarian leadership,” said Obama, using Alps, with US President Barack the traditional Bavarian greet- Obama urging the gathering to ing “Gruess Gott” with a crowd stand up to Russian aggression gathered in the village square in in Ukraine. Kruen. “We stand together as Host Angela Merkel greeted inseparable allies in Europe and Obama in the idyllic Alpine village around the world.” of Kruen under blue skies, sur- Merkel alluded to “differences” rounded by locals in traditional but described the United States dress. The German chancellor as “our friend” and an “essential was hoping to secure commit- partner”. ments from her G7 guests to British Prime Minister David tackle global warming ahead of Cameron and European Council a major United Nations climate President Donald Tusk both said summit in Paris in December. they hoped the G7 would present The German agenda also fore- a united front on sanctions sees discussions on global health towards Russia. issues, from Ebola to antibiotics EU leaders agreed in March that and tropical diseases. sanctions imposed over Russia’s But the crises in Ukraine intervention in Ukraine would stay and Greece seemed likely to until the Minsk ceasefire agree- overshadow the discussions at ment was fully implemented, effec- Schloss Elmau, a luxury Alpine tively extending them to the end of hotel near the Austrian border. the year, but a formal decision has European Commission President yet to be taken. Jean-Claude Juncker, speaking Italian Prime Minister Matteo before the start of the summit, Renzi is known to be sceptical voiced exasperation with Greek about sanctions and left-wing Prime Minister Alexis Tsipras, politicians in Germany have also who has dismissed the latest aid- called for them to be removed. “If for-reform proposal from interna- anyone wants to start a discus- FROM LEFT: Japanese Prime Minister Shinzo Abe, Canada’s Prime Minister Stephen Harper, US President Barack Obama, Germany’s Chancellor Angela tional creditors as “absurd”. sion about changing the sanctions Merkel, French President Francois Hollande, British Prime Minister David Cameron, and Italy’s Prime Minister Matteo Renzi pose for a family photo Obama said leaders would dis- regime, it could only be about on their way to their first working session at the Elmau Castle near Garmisch-Partenkirchen, southern Germany, yesterday at the start of a G7 summit. cuss the global economy, trade strengthening it,” said Tusk. partnerships and “standing up to European monitors have helicopter yesterday as hundreds compared to some previous sum- of Britain, Canada, France, Merkel was likely to have her Russian aggression in Ukraine”, blamed a recent upsurge in vio- of protesters blocked the main mits. Germany deployed 17,000 Germany, Italy, Japan, the United work cut out for her on the cli- as well as threats from violent lence in eastern Ukraine on road to Schloss Elmau. police around the former Winter States and European Union were mate talks. She won plaudits extremism and climate change. Russian-backed separatists. On Saturday, thousands of Olympic games venue at the foot due to discuss Islamist militant in 2007 when she hosted a G8 Both he and Merkel high- Russian President Vladimir Putin anti-G7 protesters marched of Germany’s highest mountain, threats from groups such as meeting on the Baltic coast and lighted the importance of the was frozen out of what used to be in Garmisch-Partenkirchen. the Zugspitze. Another 2,000 Islamic State and Boko Haram. convinced Obama’s predecessor German-American relation- the G8 after Moscow’s annexation There were sporadic clashes were on stand-by across the bor- The leaders of Nigeria, Tunisia George W Bush to join other ship, damaged in recent years of Crimea last year. with police and several marchers der in Austria. and Iraq were to join them later leaders in pledging to fight glo- by revelations of US spying in Leaders and reporters were were taken to hospital with inju- In addition to climate and as part of an “outreach” group bal warming. Germany, including the bugging shuttled to the summit site by ries, but the violence was minor health issues, the leaders of non-G7 countries. REUTERS Italy migrant arrivals top 50,000 Two convicted killers ROME: Italy’s wealthy North escape from NY jail vowed yesterday that it would refuse to accommodate any NEW YORK: Police backed New York Governor Andrew more migrants as thousands by K-9 units and helicopters Cuomo said he had toured the more were rescued in the staged a manhunt yesterday route the pair took to freedom, Mediterranean by a multina- for two convicted murderers posting images of the path the men tional flotilla of ships. who escaped from New York were believed to have cut to escape. As another frantic weekend of state’s biggest maximum secu- Overnight Saturday, police rescues unfolded, at least 4,000 rity prison by cutting through with bulletproof vests and people were plucked to safety cell walls with power tools and rifles manned roadblocks on from packed fishing boats and escaping along tunnels. routes leading into and out of rubber dinghies off Libya. Richard Matt, 48, and David Dannemora, a village of some Mass drownings in the Sweat, 34, pulled off the unprec- 1,700 people located 270km north Mediterranean have claimed edented breakout from the all- of the state capital Albany, near nearly 1,800 lives so far this year. male Clinton Correctional Facility the Canadian border. No one has All of those rescued will be in the small town of Dannemora ever previously escaped from the deposited at ports on Sicily or sometime between Friday night maximum security portion of the elsewhere in southern Italy in and early Saturday. prison, which opened in 1865, the coming days, lifting this year’s Police said the discovery was according to Cuomo. total of new arrivals on Italian soil made during a pre-dawn bed “These are two dangerous indi- to more than 50,000. check and warned the duo should viduals, one was incarcerated for The latest batch sent the not be approached. The inmates killing a sheriff, so these are dan- migration crisis back to the top German Navy soldiers in rubber dinghies picking up migrants from a boat at an unspecified location in the reportedly left a taunting note gerous people,” said Cuomo. of the political agenda with three Mediterranean Sea on Saturday. The migrants were brought aboard the Germany Navy’s frigate ‘Hessen’, which behind on a yellow Post-it saying: More than 200 law enforce- big northern regions vowing to brought them to the port of Palermo, Sicily, Italy, yesterday. “Have A Nice Day”. ment officers were deployed in defy the centre-left government The pair, who lived in adjoin- the search, assisted by a variety of Prime Minister Matteo Renzi from the region cut, he said. yesterday from boats in waters casualties but one Italian navy ing cells, used power tools to drill of tactical support, including K-9 by refusing to house any of the Giovanni Toti, the newly-elected between Italy and Libya. At least boat ferrying 475 migrants to through walls and pipes and left units, SWAT teams and helicop- new arrivals. president of Liguria, backed that 10 pregnant women were saved. Sicily reported that it had seven sweatshirts and other clothing ters. Matt and Sweat were found Lombardy president Roberto stance. “We will not receive any The UN’s refugee agency said pregnant women on board. in their beds as decoys to make missing during a 5:30 am bed Maroni said he would be writing more migrants,” he said. up to 1,500 people were adrift The latest operations will it appear they were still in their check, according to state police. to local mayors and prefects in his Luca Zaia, the right-wing pres- on 10 dinghies, but there was no lift the number of arrivals in cells, officials said. AFP region on Monday to warn them ident of Veneto, said the region confirmation of those figures from Italy since the turn of the year not to accept any more “illegal that includes Venice was “like a Italy’s coastguard. On Saturday, to more than 50,000. The cost immigrants” allocated by the bomb ready to go off. The social nearly 3,500 migrants were res- and other problems involved in government tensions are absolutely crazy.” cued from 15 packed boats in processing them is becoming a Municipalities that did not tow British navy ship HMS Bulwark waters 70km off the Libyan coast. hot political issue. the line would have their funding rescued more than 1,000 migrants There were no reports of AFP British PM risks party rebellion on EU membership talks Mexico elections LONDON: Prime Minister chairman in parliament, told The Luxembourg rules out full David Cameron was put on Sunday Telegraph newspaper. notice yesterday that 50 of his Cameron has pledged to rene- own backbenchers will lead gotiate Britain’s relationship with voting rights for foreigners calls for Britain to quit the EU the European Union then hold an if he does not secure major con- in-or-out referendum on the out- LUXEMBOURG: Luxembourg chance to boost the democratic cessions from Brussels. come by the end of 2017. overwhelmingly rejected in credentials of the wealthy duchy, A new group, Conservatives The premier has been on a whirl- a referendum yesterday giv- which is nestled between Belgium, for Britain (CfB), has pledged to wind tour of European capitals seek- ing full voting rights to foreign France and Germany. initially support Cameron’s bid ing support for his touted reforms, nationals, who make up nearly A “Yes” vote would be “a yes to renegotiate London’s terms of which include making it harder for half the population. to more democracy, a yes for membership of the 28-nation bloc. EU migrants to claim benefits in Almost 78 percent of voters in the youth, a yes for diversity,” However, the group also stands Britain and opt out of the commit- the tiny European country said Bettel said during campaigning poised to lead the campaign to ment to an “ever closer union”. “No” to allowing foreigners the on Saturday in the capital, also leave if the premier does not Conservative European vote, according to results from 91 called Luxembourg. secure major changes, such as Parliament lawmaker and CfB polling stations. “There is no other European regaining control over free trade co-founder David Campbell Had the vote been carried, the country where only 40 percent of powers and British laws. Bannerman warned: “If the EU tiny landlocked country of over the population elects its repre- “Unless senior EU officials is not willing to return significant half a million people would have sentatives,” Bettel told journal- awake to the possibility that one of powers to our shores, then Britain been the first in the European ists ahead of the referendum, in Mexican President Enrique Pena Nieto votes next to his wife Angelica the EU’s largest members is seri- should leave. “Restricting free- Union to grant foreign-born resi- which 244,382 people were eli- Rivera (centre) and his stepdaughter Sofia Castro (left) in Mexico City ous about a fundamental change dom of movement of EU citizens dents the right to vote in all the gible to vote. About 46 percent during legislative and local elections yesterday. Mexicans headed to the in our relationship, our recom- and making the UK parliament country’s elections. of the total population of 565,000 mendation to British voters seems sovereign over EU law are likely polls amid protests in the troubled southern state of Guerrero. Prime Minister Xavier Bettel people are foreigners. likely to be exit,” Conservative to feature heavily on our agenda.” had billed the referendum as a AFP lawmaker Steve Baker, the CfB’s AFP MONDAY 8 JUNE 2015 12 www.thepeninsulaqatar.com ASIA / AFRICA China ship disaster death toll tops 400 Ships’ hooters blare in tribute to victims
JIANLI, China: Rescuers Information about the sinking, them, we can meet our loved bowed their heads and ships’ and media access to the site and ones,” he said, referring to the hooters blared in tribute yester- to relatives of passengers, has possibility of viewing the remains. day to the victims of Communist been tightly controlled. Online Wang, Fu and other selected China’s worst shipping disaster, criticism of the search has been relatives spoke to reporters at as relatives of the 431 dead and quickly deleted. venues arranged by the authori- 11 still missing spoke of their China’s stability-obsessed ties and were watched by officials grief. Communist rulers often try to during the interviews. The solemn ceremony was held contain anger over the official The death toll on Saturday had to remember the dead after the handling of disasters, fearing that jumped by over 200 after rescuers “Eastern Star” cruise ship car- it could spiral into dissent. used the massive cranes to hoist rying 456 people capsized late A petition posted by family the vessel out of the water the day Monday on the Yangtze River in members on the social media before and began recovering bod- a storm. service WeChat has called for ies trapped inside. Searchers in hooded white the death penalty for the ship’s It was China’s worst shipping suits could be seen on board the captain — one of the few survivors disaster since the Communist Eastern Star. Others in work gear, of the disaster — who is in police Party came to power in 1949. In orange safety vests and military- custody. 1948 up to 4,000 on board the SS style fatigues formed columns But rather than anger or Kiangya were killed when it sank on the deck of a massive floating recriminations, relatives made near Shanghai. crane, one of three deployed to available for interviews on Sunday Officials on Saturday extended raise the ship on Friday. spoke of their grief, regret and their search for victims who may The event, attended by impossible hopes. have been swept far beyond the Transport Minister Yang “I wish my father and mother accident site. The search scope Chuantang, went ahead under would come back,” said Wang was extended to 1,300km of the grey and cloudy skies. There were Hua, who lost her father Wang Yangtze, Asia’s longest river, in flowers and candles but it was Xingkui and mother Li Yulin. hopes of finding those still unac- unclear if any relatives attended. “I wish the whole thing was just counted for. Officials yesterday announced made up. Even now, I still can’t A government spokesman has that the death toll had risen to believe it’s true,” she added, crying said no further survivors were 431, with 11 people still missing. helplessly into her handkerchief. expected. Relatives mourn for the victims in the accident of the Eastern Star cruise ship on the bank of Yangtze River in Only 14 survivors have been “They were so kind, I never News of the disaster remained Jianli in central China’s Hubei province yesterday. confirmed out of all those aboard, imagined such a tragic thing the top trending topic on Chinese who were mostly tourists aged would happen to them.” social media, and attention less than a minute. Weather offi- province of Shandong, said her But something he said caused over 60, after the ship capsized Fu Conghai, whose brother Sunday was focused on mourning. cials said a freak tornado hit the parents had not told her they her further unease. at night in Jianli country in the Fu Hongsheng and nephew Fu “May the dead be at peace in area at the time. were going on the trip until just “I heard him laughing,” she central province of Hubei. Jianning were on the boat, said heaven and the living be strong,” The vessel was cited for safety before their departure, which said. “He offered my child best In accordance with custom, rel- the next step was to identify their posted a user of Sina Weibo, a infractions two years ago, and worried her and her brother. wishes for his upcoming birth- atives of the dead should mourn bodies. Chinese version of Twitter. state broadcaster CCTV said She last spoke to her father on day and then said ‘This is my loved ones on the seventh day by “We are waiting for the DNA Reports have said the investigators would probe its May 31 — the day before disas- last phone call’. “I couldn’t help Chinese reckoning following their test results, and when they have 76.5-metre-long (250 feet) and structure for any flaws. ter struck—when he said he was thinking about that.” death. completed that and can confirm 2,200-tonne ship overturned in Wang, from the eastern enjoying the cruise. AFP
Five Singapore students among 16 killed in Malaysia quake Anti-migrant
KUNDASANG, Malaysia: located in the state of Sabah on mountain where he said a “river Singapore’s Straits Times was near the picturesque moun- protests Five Singapore primary school Borneo island. of stones” had left a major trail newspaper said some of the tain, was one of Malaysia’s strong- students and one teacher were Malaysian officials have so far impassable. Singaporean students were tak- est in decades. among 16 people so far con- released few details on the identi- Mohammad Farhan Lee ing a route to summit that diago- There have been no reports planned firmed killed by an earthquake ties of the victims, but Singapore’s Abdullah, police chief of the town nally traverses a steeply sloping of major damage or any casual- that rocked Malaysia’s Mount Education Ministry confirmed the of Ranau near the mountain, said rock face and in which climbers ties outside of those at Mount in Rakhine Kinabalu, government authori- deaths of the 12- and 13-year-old that body parts had been found are tethered to ropes attached to Kinabalu. ties said yesterday. students and one teacher. on sections of the mountain, sug- the surface. Climbing has been suspended YANGON: Buddhist hard- Malaysian officials said the “We are deeply saddened to gesting the awesome power of the The area is above the treeline for at least three weeks so author- liners in Myanmar’s troubled death toll from the earthquake inform that the bodies recov- landslides. It was not immediately and would have left those in that ities can make repairs and assess Rakhine state are planning that struck on Friday morning ered by the Malaysian authori- clear whether the body parts were section exposed to the hail of safety risks. Around 20,000 people a day of protest against local had risen to 16, with three more ties have been identified by their from corpses already found or stones and boulders. complete the relatively easy climb authorities helping desperate bodies recovered. next-of-kin as five students and were from the three still missing. Rescuers on Saturday had each year. boat migrants found adrift in Three more people remain one teacher from Tanjong Katong “They are in parts probably escorted down to safety 137 hikers Mount Kinabalu is sacred to the Bay of Bengal, organisers missing. Primary School,” it said in a because of rocks and boulders who were stuck on the mountain the local Kadazan Dusun tribe. said yesterday. The Singaporean students statement. falling on them but we need to for up to 18 hours by the rockfalls. Malaysian social media users Rakhine, one of Myanmar’s were part of a school excursion It said a Singaporean adventure do forensics first,” Mohammad Crews and officials engaged in and some officials have suggested poorest states, is a tinderbox of to the popular climbing des- guide who accompanied the school Farhan said. search and rescue efforts have the quake was a sign tribal spir- communal tension between its tination, which was jolted by group also died and that one other The local Kinabalu Today news been kept on edge by aftershocks, its were angry after a group of Buddhist majority and a heavily a 6.0-magnitude quake just as student and a teacher remained portal quoted rescue person- including a Saturday afternoon 10 apparently Western men persecuted Rohinghya Muslim the 4,095-metre-high peak was missing. nel saying that full recovery of temblor that Malaysian officials and women tourists last week- minority, many of whom live in crowded with hikers. Masidi Manjun, tourism min- remains could be impossible as rated at 4.5-magnitude. end snapped nude photos at the displacement camps after deadly The tremor triggered thunder- ister for Sabah state, said on some were pinned under massive More tremors were felt in the summit and posted them on the unrest erupted there in 2012. ous landslides that obliterated Twitter that search teams were boulders or possibly swept to their area yesterday. Internet. A regional migrant crisis is sections of trail on the mountain, focusing on a section of the deaths from the peak. The quake, whose epicentre AFP upending a fragile equilibrium that has since settled on the state. Tens of thousands of Rohingya have fled Myanmar in recent years, alongside Bangladeshi eco- nomic migrants, primarily headed Half of dolphins for Malaysia and Indonesia. Seoul vows all-out effort to curb MERS The exodus largely went caught in Japan ignored until a crackdown on SEOUL: South Korea reported night, the health ministry said. among people already in quaran- Acting Prime Minister Choi the people smuggling trade in exported despite its fifth death from MERS as the It is the largest outbreak out- tine after being exposed to those Kyung-Hwan vowed yeserday Thailand last month caused a government yesterday vowed side Saudi Arabia where it has diagnosed earlier, the ministry that “all-out efforts” would be regional crisis as gangmasters hunt outcry “all-out” measures to curb the infected more than 950 since 2012. said. made to curb the spread of the abandoned their quarry on land outbreak that was threatening As of yesterday, more than However, Busan city authori- disease in Asia’s fourth-largest and sea. TOKYO: About half of live dol- to spread nationwide, including 2,300 people had been placed ties reported an additional case economy. Some 4,500 Rohingya and phins caught in the Japanese tracking mobile phones of those under quarantine of varying in the country’s southern port He urged the public not to Bangladeshi migrants have since coastal town of Taiji were in quarantine. degrees. About 2,100 were told to and second-largest city, spark- panic, saying all 64 patients washed ashore in the region while exported to China and other The number of infections rose stay home and strictly limit their ing alarm that the outbreak may had already been in hospital the UN estimates around 2,000 countries despite global criti- to 64 after 14 new cases, includ- interactions with others, while spread nationwide. quarantine. others are still trapped at sea. cism of the hunting technique ing one death, of Middle East about 200 were isolated in state The case was not included “We can put the situation After years of turning a blind used, a news report has said. Respiratory Syndrome (MERS) hospitals. among the 14 new infections con- under control because... the out- eye to the exodus, Myanmar’s The so-called “drive hunt” were confirmed late Saturday All the 14 new infections were firmed by the health ministry. break is not spreading to the out- navy in the last fortnight discov- method has been criticised over- side community,” Choi said in a ered two boats with more than seas as cruel and Japanese zoos press conference. 900 migrants who were brought and aquariums were recently “People should not overreact to western Rakhine state. forced to vow not to buy animals and should cooperate closely Myanmar insists the major- caught with the controversial (with the government) to mini- ity of the migrants are from fishing. mise negative impact on the econ- Bangladesh and has vowed to send A total of 760 live dolphins were omy,” he said. them across the border. It has also sold between September 2009 The government will step up stuck to its line that Rohingya are and August 2014 in Japan, Kyodo monitoring on those placed under not fleeing persecution. News said Saturday, quoting data observation, including tracking The country is yet to clearly from Japan’s Fisheries Research the locations of those in quar- state what will happen to Agency and other statistics. antine at home via their mobile migrants who are not deemed to They show that 354 were phones, Choi said. be from Bangladeshi territory. exported to 12 countries, includ- “Please understand that it is The rescue operations have ing 216 to China, 36 to Ukraine, 35 an inevitable measure to ensure stirred anger among Buddhist to South Korea and 15 to Russia. the safety of your neighbours and hardliners and citizens in Rakhine One dolphin was exported to the families,” Choi said. who want the central government United States. The first case — reported on to cease helping any migrants. Eleven dolphins were also May 20 — was of a 68-year-old Local groups met in the state exported to Thailand, followed man diagnosed in the city of capital Sittwe on Saturday and by 10 each to Vietnam and Saudi Pyeongtaek, about 65km south of vowed to hold a protest next Arabia, seven to Georgia, five to Seoul, after a trip to Saudi Arabia. weekend. “The meeting decided Tunisia and four each to Egypt The administration of President to stage a protest on June 14 and the Philippines, Kyodo said. Park Geun-Hye and health offi- against keeping Bengalis from UN data showed the export of live cials have come under a storm of Bangladesh in Rakhine State,” dolphins from Japan between 2009 criticism over a perceived slow Soe Naing, a coordinator for and 2013 was almost entirely to and insufficient response to the social programmes in Rakhine zoos or aquariums, Kyodo added. A group of students wearing face masks posing for a selfie on a street in the popular student area of Hongdae outbreak. who attended the meeting said. AFP in Seoul yesterday. AFP AFP MONDAY 8 JUNE 2015 PAKISTAN / AFGHANISTAN www.thepeninsulaqatar.com 13 13 militants, 4 soldiers Bridal couture week killed in Afghanistan Prosecutor dead in car blast at Kunduz province
KABUL : Four Afghan sol- were also destroyed, the state- Officials say the three rebels diers and 13 militants have been ment added. were busy planting a roadside killed in newest military opera- Meanwhile, A prosecutor was bomb that exploded on them tions across the country, Afghan killed in a car bomb blast in in Dabibank area of Maiwand ministries of defense and inte- Afghanistan’s Kunduz province District last night. rior announced yesterday. yesterday. The incident comes a day after A statement issued by spokes- “Unidentified insurgents a roadside bomb blast claimed six man for the Afghan Ministry of planted an explosive device on lives in Kandahar’s Shah Wali Kot Defense, General Zahir Azimi the car of prosecutor Mohammad District. stated that the four soldiers have Halim that exploded, killing him A civilian vehicle ran over a been killed in past 24 hours. on the spot,” Xinhua news agency planted landmine in Taghrook The statement did not specify quoted Abdul Wadod, the spokes- area leaving six members of a the exact location of the incidents. man for the provincial govern- single family killed on Friday. In the meantime, a statement ment as saying. According to a UN report pub- issued by the Ministry of Interior An investigation has been initi- lished earlier the civilian casual- stated that 13 militants have been ated into the case, said Wadod. ties have increased by 16 percent killed and seven others wounded Halim had served as prosecutor in Afghan war. in military operations in past 24 in the appellate court of Kunduz The report was made from the hours. province for the past few years, casualties recorded in the first The operations were con- the spokesman added. four months of this year which ducted in Ghazni, Khost, Paktika, Elsewhere, three militants were showed an increase by 16 percent Paktiya, Badghis, Kandahar, killed while planting landmine on from that of the first four months Models presenting creations by Pakistani designer Arsalan Iqbal during the Bridal Couture Week in Karachi Helmand, and Uruzgan provinces public way in southern Kandahar of 2014. were several terrorist sanctuaries province of Afghanistan. QNA yesterday. No allocation for NACTA Islamabad plans to reform civic laws in Pakistan’s budget ISLAMABAD: The federal in rural parts of the capital. development, as well as building It has been estimated that government of Prime Minister The decision to introduce control in the area. there are more than 24 laws gov- ISLAMABAD: Despite hav- National Action Plan (NAP) Nawaz Sharif is planning to civic reforms is in line with the Efforts will also be made to erning various land matters at ing allocated tens of billions of against terrorism was announced introduce civic reforms aimed recommendations of the World revise the existing master plan the national and provincial lev- rupees to fight the war against following the attack on Army at streamlining urban devel- Urban Forum 2014, which pro- of Islamabad through the Capital els, it says. terrorism, the federal govern- Public School (APS) in December opment and other planning- posed a new urban agenda for all Development Authority (CDA). The report emphasises the ment in Pakistan hasn’t been 2014. related issues in the capital city countries. According to the Pakistan need to consolidate the multiple able to find any room in its new The ministry had requested Islamabad and its suburbs. This new agenda can help Planning Commission’s Task laws relating to spatial devel- budget for the new financial Rs960 million from the finance The Planning Commission overcome problems such as the of Force on Urbanisation, “existing opment and introduce a clear, year for the National Counter- ministry for the activation of the aims to turn Islamabad Capital lack of an adequate legal frame- laws, by-laws, zoning regulations unambiguous enabling statu- Terrorism Authority (Nacta). counter-terrorism body, a sen- Territory (ICT) into a model dis- work and proper planning, which and policies impede an efficient tory environment to improve the With absolutely no mention of ior official said. “The government trict as an ideal showcase for the leads to relentless expansion, and economical use of land. legitimacy of spatial planning as Nacta in the budget documents, had sent back this [request] to provinces in the realms of educa- intensive energy use, alarming Principles of healthy and safe a whole. Finance Minister Ishaq Dar said the ministry raising some objec- tion, health, policing and other climate change impacts, inequal- environment, social cohesiveness The ministry suggested that at the sidelines of his post-budget tions and we had answered to all civic areas. ity and exclusion and increasing and pleasing aesthetics are often a ‘Smart City’ strategic plan press conference, that Nacta’s these objections,” he added. An amount of Rs2.5 million has difficulties in job creation. violated. These laws and regu- should be prepared for the budget is part of the interior Before this, Nacta had sent a been allocated under the Public The agenda aims to promote lations are mostly anti-street, national and provincial capitals ministry’s allocations. request for Rs46 million to the Sector Development Programme an urbanisation model that is anti-pedestrian, anti-mixed land on the pattern of other smart However, that claim was finance ministry. Nacta is work- (PSDP) for new financial year people-centric based on ‘Cities use, anti-high densities and anti- cities of the world. quickly denied by a senior interior ing with a tiny staff and most of 2015-16m which begins next for Life’. The new urban agenda public space. They do not provide The ministry recommended ministry official, who says that the positions at the authority are month, to initiate the reform requires new technologies, sufficient space for amenities that at the fundamental level, the matter has in fact not been vacant. However, funding is not process. reliable urban data and inte- such as schools, health facilities, there was an urgent need to resolved yet and that he would be the only concern facing Nacta. In Islamabad Deputy grated, participatory planning parks and playgrounds”. review and overhaul laws gov- meeting key government officials his testimony before parliament a Commissioner Captain Mushtaq approaches to respond both to Meanwhile, the Ministry of erning land rights, transactions next week for a solution. few days ago, Interior Secretary Ahmed says that meetings in this present challenges and emerg- Climate Change, in a national (property tax, rent control and “We are optimistic that the Shahid Khan said that a ‘dearth regard had already kicked off at ing needs of the future. report submitted to the United stamp duty), planning and devel- [finance ministry] would accept of funds’ was not the only hur- the Planning Commission. The ICT administration will Nations Human Settlement opment in Pakistan with a view to all our demands and release dle that stands in the way of the The federal government has be strengthened under the Programme, mentions that there update, streamline and clarify the the much-awaited tranche to anti-terror body. also approved a study for the annual development plan by the are multiple laws and regulations legal framework for land registra- strengthen the anti-terror body, Without delving into details, preparation of a ‘Peri-Urban establishment of an ‘Urban and governing civic matters, and ICT tion, land use development and which has not been made vibrant he said that progress in some Development Plan’ for ICT to Regional Development Planning alone has no less than 70 multiple property taxes. since its inception in 2009,” said areas outlined in the NAP had check haphazard development Directorate’ to ensure proper laws and regulations. INTERNEWS the official, who wished to remain been dismal. But he pointed anonymous. out that NAP is a set of recom- The senior security official mendations and not a legislative said that Nacta had been seek- draft. He said the interior min- ing funding through the interior istry would brief lawmakers on ministry for fiscal 2015. While the the procedural hurdles that have Conclave of interior ministry has administra- reduced Nacta to a mere ‘paper Zarb-e-Azb operation reduces tive control of Nacta, the agency tiger’. Pakistani reports directly to the prime min- Yet despite the rhetoric, the ister in its functional affairs. government has also failed to ambassadors The strengthening of Nacta establish a joint intelligence terror impact on economy is at point number four of the directorate. ISLAMABAD: The Pakistan unanimously adopted 20-point INTERNEWS government has convened a ISLAMABAD: Although the in the country and Pakistan’s $2.67 bn. three-day conference of its military’s Operation Zarb-e economy would automatically Similarly, the next fiscal year ambassadors and high commis- Azb cost Rs45 bn to Pakistan’s start boosting hence the govern- too was not as much deadliest for sioners from all over the world national exchequer during the ment felt no hesitation for spend- the country as the total losses Afghanistan’s super cola beginning fromJune 9 for devis- outgoing fiscal year 2014-15 it ing and allocating this amount,” that Pakistan had to face during ing a strategy for dealing with has started paying dividends he commented. 2002-03 were $2.75 bn. evolving situation in the region. in terms of improved law and According to a study included In the next year – 2003-04 – The conference to be order and economy. in the Economic Survey of the total losses increased to $2.93 attended by envoys posted in According to latest official fig- Pakistan 2014-15, the cumulative and $3.41 bn in 2004-05 whereas countries that are part of the ures the impact of war on ter- impact of these developments the losses reached to $3.99 bn in South Asian Association for ror has decreased drastically on adversely impacted the overall 2005-06, respectively. Regional Cooperation, Economic Pakistan’s economy which had to growth rate in all major sectors The fiscal year 2006-07 was the Cooperation Organisation and in suffer $4.53 bn, the lowest figure of the economy. deadliest year of the Shaukat Aziz Gulf regions would be inaugurated since 2006-07. Pakistan continues to pay a and Pervez Musharraf era as the by Adviser to Prime Minister on The budget documents show heavy price both in the economic country had to bear the loss of Foreign Affairs and National that the federal government and security terms due to this sit- $4.67 bn that year, the highest Security Sartaj Aziz. released Rs45 bn for the military uation and a substantial portion one in the first five years since One of the sources said the offensive Zarb-e-Azb during the of national resources, both men the war against terror started. conclave was about regional con- last fiscal year whereas Rs100 bn and material, have been diverted The next few years proved more nectivity. Another said that issues have been allocated in the new to address the emerging security deadly for country’s economy as pertaining to the region and the fiscal year 2015-16, which begins challenges for the last several well as in terms of human losses role that Pakistan could play for next month. years. as the incidents of terrorism making the regional groupings The allocated Rs100 bn would “The rise of violent extrem- increased gradually in the com- more effective would be discussed be spent for the military opera- ism and increase in terrorism ing years. The losses to Pakistan’s at the event. tion, infrastructure of the oper- in Pakistan due to instability in economy increased to $6.94 bn in The conference is taking place ation-hit area and rehabilitation Afghanistan not only caused seri- 2007-8, $9.18 bn in 2008-9 and at a time when the stalemate of the internally displaced persons ous damage to Pakistan’s economy $13.56 bn in 2009-10. in ties with India is worsening; (IDPs). but has also been responsible for In 2010-11 highest losses Kabul’s increased expectations However, the military opera- widespread human suffering due occurred to Pakistan’s economy are putting to test the recent tion against the militants in tribal to indiscriminate attacks against as during that fiscal year the improvements in bilateral rela- areas has already started paying the civilian population,” mentions country had to bear the loss of tions; and the Yemen crisis has which is already reflected in the the Economic Survey of Pakistan. $23.77 bn. challenged the resilience of the Economic Survey of Pakistan in The report says that during The next fiscal year the losses relationship with the Arab world. terms of impact of war on ter- the last 14 years the country again reduced to $11.98 bn in There are also concerns among ror on Pakistan’s economy as has to suffer unbearable losses 2011-12 and the following year the policymakers that India is well as reduction in incidents of directly and indirectly. The total these losses further decreased to attempting to isolate Pakistan in terrorism. loss during these 14 years has $9.97 bn in 2012-13. the South Asian region through A top-level official in the fed- reached to $106.98 bn, equivalent Since the PML-N government An Afghan worker pulls a trolley at the Super Cola factory in the its hectic outreach to the regional eral government says this is an to Rs8702.75 bn. came into power in June 2013 Industrial zone on the outskirts of Herat, Afghanistan yesterday. Super countries. The envoys would be investment for the better future During 2001-02 when the and during its first fiscal year i.e. Cola is one of the biggest beverage companies in the country with briefed about the government’s of Pakistan and people will see its United States started its war 2013-14, the losses on country’s policy on the developments tak- benefits in the long run. against terror in Afghanistan economy because of the impact of hopes it will propel the country’s economy into higher growth and ing place in the region. “Once the results of Zarb-e-Azb after the incident of 9/11, the war on terror reached to $6.69 bn. development, after years of stagnation due to ongoing conflict. INTERNEWS are achieved there would be peace country had to bear the loss of INTERNEWS MONDAY 8 JUNE 2015 14 www.thepeninsulaqatar.com INDIA Govt seeks damages from Endurance test Nestle over tainted Maggi Law allows us to take suo moto action, says official NEW DELHI: The govern- India since one regional regula- Speaking to reporters in ment has filed for damages from tor said in May that it had found Mapusa, 10 km from Panaji, food group Nestle after a food evidence of excess lead and mono- Parsekar said the decision to scare involving reports of excess sodium glutamate (MSG) in some ban Maggi noodles was taken lead in Maggi noodles forced a packets of Maggi instant noodles, because “I feel it is not proper nationwide recall, government a cheap and hugely popular snack. on my part to take risks with officials said yesterday. Since then, several state regu- people’s lives”. “It’s a serious matter concern- lators have followed, and Nestle “Maggi will be banned from ing public health and the law said early on Friday that it Goa from today until further allows us to take suo moto legal would temporarily withdraw all orders,” said Parsekar, who on steps, or legal actions, against Maggi noodles from the country’s Friday, along with the state Food erring entities,” said one official shelves, though it reiterated the Drugs Authority, had given the in the consumer affairs depart- products were safe. popular snack the green signal. ment of the food ministry. Total Maggi sales in India, “Earlier, I was of the opinion The claim, made on behalf of including sauces and condiments, to allow it to continue, but the Indian consumers, was not filed account for less than 1 percent way reports from other states are through the courts but with the of Nestle’s group annual sales, coming up, I feel it is not proper National Consumer Disputes but brand damage could be sig- on my part to take risks with the Redressal Commission (NCDRC), nificant in a country where the lives of the natives,” Parsekar which has semi-judicial powers noodles are ubiquitous, in homes said, announcing the ban. and will decide on the merits and roadside eateries. Two tests conducted by the A competitor reacts upon completing an endurance task as he participates in the Alpha League Races in of the case and the size of any Nestle fielded its global chief state FDA, which had given a damages. executive on Friday to help quell clean chit to Maggi on both occa- Bengaluru yesterday. Around 2000 people participated in the 5-km endurance race with 20 different obstacles, The officials said Nestle was one of India’s most high profile sions, were rejected by the Food organisers said. being accused of unfair trade food scares in a decade. Safety and Standards Authority practices, adding this is the first Indian newspapers reported of India (FSSAI) which called the case in which the Indian govern- separately yesterday that the tests “inappropriate”. ment has sought damages from a national food safety agency On FSSAI’s directions, a multinational. planned to inspect all Nestle’s Karnataka-based government Cash-for-vote scam in A Nestle spokesman in India manufacturing facilities across laboratory will now conduct said the company had not received India as a result of the scare. tests on Maggi manufactured in any official notification as of yes- Nestle has eight factories in India, Nestle’s unit in Bicholim sub-dis- terday, and could not comment. though not all produce Maggi. trict, 30 km from Panaji. The food ministry sources said Maggi noodles will be banned Many states have already Andhra takes new turn NCDRC would notify the com- in Goa from today, as it was not banned Maggi after tests showed pany when the case comes up, proper to take risks with people’s the noodles contained more than HYDERABAD: The cash-for- case. Hyderabad is the common they spoke we will honour,” Naidu likely next week. lives, Chief Minister Laxmikant stipulated levels of MSG and lead. vote scam in Telangana took a capital of Telangana and Andhra was heard as telling the legislator. Nestle has been under fire in Parsekar said yesterday. REUTERS dramatic turn yesterday with Pradesh. Both Telangana Rashtra In swift developments on the release of an audio tape of Samithi (TRS) and Telugu Desam Sunday night, Telangana Chief a purported telephonic con- Party (TDP) governments have Minister K. Chandrasekhar Rao versation between Andhra taken up the issue with E.S.L. met Governor Narasimhan at Pradesh Chief Minister N Narasimhan, who is the governor Raj Bhavan while Naidu called Himachal help Chandrababu Naidu and nomi- for both the Telugu states. a meeting with Andhra Pradesh First elephant hospital nated Telangana legislator Elvis The audio tape was released Director General of Police J.V. Stephenson.The Andhra gov- three days after Telangana Home Ramudu and other officials to for families THRISSUR: India’s first augmented healthcare support. ernment denied that it’s Naidu’s Minister N Narasimha Reddy take stock of the latest situation. exclusive hospital for elephants The hospital will be set voice. said the government has proof Rao’s meeting with the gov- of Manipur will come up in Kerala, a veteri- up on a five-acre plot in the This is perhaps for the first that Naidu spoke to Stephenson ernor, the second in three days, narian said here yesterday. Kerala Veterinary and Animal time in India that a chief minister and some other MLAs of TRS to came minutes after the release Noted elephant veterinarian Sciences University, of a state has been tapped while lure them to vote for TDP-BJP of the audio tape. ambush victims Jacob Cheeran told IANS: “The Mannuthy. It is expected to allegedly trying to lure a legis- candidate in Telangana legislative Telangana TDP legislator A. SHIMLA: Himachal Pradesh hospital will have an in-patient cost Rs.10 crore. lator. Denying that it is Naidu’s council elections. Revanth Reddy was arrested by Chief Minister Virbhadra Singh treatment facility for 10 elephants “The contribution and the voice, the Andhra Pradesh gov- The audio tape was first played the ACB on May 31 when he was yesterday announced finan- at a time. Besides, the state-of- role of various agencies will be ernment has taken the release of T News, a Telugu news channel offering Rs.50 lakh to Stephenson cial assistance of Rs.500,000 the-art laboratory facilities would identified and then the Centre audio tape seriously and vowed owned by ruling TRS and was to make him vote for TDP-BJP to the families of each of the be there.” will be doing the needful,” added to fight it legally, constitutionally later picked up by others. candidate in the elections to seven martyred soldiers from Cheeran said the in-patient Cheeran. and politically. During the conversation, Naidu Telangana legislative council. the state who lost their lives in facility has become very essen- On June 15, a meeting of all the The new twist may create a purportedly assured the nomi- ACB, which had laid a trap on a militant ambush in Manipur tial as in the coming years, stakeholders in this proposed ele- constitutional crisis as Anti- nated member that he is with a complaint by Stephenson, also last week. majority of 500 captive ele- phant hospital will be held in cap- Corruption Bureau (ACB) of him. “Our people briefed me. I am arrested Revanth Reddy’s aides Asserting that the Himachal phants in Kerala will be aged ital city Thiruvananthapuram. Telangana is planning to sum- with you don’t bother. For eve- Sebastian Harry and Uday Simha. government would extend all pos- over 50 years and would require IANS mon Naidu for questioning in the rything I am with you. What all ians sible help to the family members, Singh said they were national heroes as they had sacrificed their lives for the nation. UK Sikhs against repression Pointing out that the hill state had always been contributing Myanmar is key to significantly towards the armed forces of the country, he said the people of the state were proud of its brave soldiers who had always curbing militancy in also shown exemplary courage in various operations to guard the frontiers of the country. north-east: Experts State Social Justice and Minister Dhani Ram Shandil was NEW DELHI: As the Indian incident, the overall security present at the last rites of Sepoy Army launched a massive environment received renewed Sohan Singh at his native village combing operation in Manipur’s energy; it is inevitable after a nega- Manpura-Devra in Paonta tehsil border areas post the ambush tive incident and especially of such of Sirmaur district. that killed 18 soldiers, strate- intensity. The group that launched He condoled with the bereaved gic experts said India needs to the attack is probably back in family members and assured all coordinate with Myanmar if the Myanmar,” Hasnain told IANS. possible assistance from the state terrorist bases in that country “Trans-IB (International government. have to be destroyed. Border) operations are not Later, he visited the house of The attack, the biggest in more launched by the Indian Army Naik Ashok Rana at Dakasna vil- than three decades, has been seen but it is heartening to hear lage in Haripurdhar sub-tehsil of as a major intelligence failure and that the Indian government is Sirmaur district and spent some the advanced nature of weapons planning to approach its coun- time with his family members. used have raised suspicion of terpart in Myanmar to conduct Shandil, on behalf of the state international involvement in the joint operations on both sides of government, received the bodies act. the border and proactively tar- of the seven martyred soldiers in “Major combing operations are get the militant camps known to Chandigarh. The other five mar- on in the area up to the Myanmar exist in Myanmar’s jungles. This tyred soldiers from the state were border. That is the routine drill approach should be immediate,” Sepoy Manoj Kumar, Havildar after any incident,” Indian Army he said. Prakash Chand and Sepoy Vikas sources aware of developments “Under pressure from either Bhardwaj from Mandi district, told IANS. The ambush site, side, the militants take to the Naik Rajneesh Singh from Kangra British Sikhs take part in a march in central London yesterday. On the 31st anniversary of the killing of Sikhs in fact, is just 10 km from the security of the jungles across the and Havildar Rajesh Kumar from Myanmar border. border; hence the necessity to during riots in India in 1984, the campaigners were highlighting what they say is continued repression of the Bilaspur district The army has been tight-lipped launch coordinated operations. Sikh religion and identity in India. IANS over the situation and its plans in In 1995, India and Myanmar the area, which the army chief, launched Operation Golden Gen. Dalbir Singh, visited on Bird, in which they coordinated Friday, but sources say a massive operations while remaining on Goa CM raps minister for improper comments exercise is on to cull out more their sides. When both armies are information on the insurgents. alert and step up operations, the “Information is being culled militants remain in a dilemma,” PANAJI: A day after Goa about controlling “escort” serv- week, and said “such minor inci- “insensitive” remarks. out... The advanced nature of he added. Tourism Minister Dilip ices in the state. dents” were bound to happen in When asked about the weapons used in the attack shows Operation Golden Bird was Parulekar took back his Asked whether he has given a tourism state like Goa. proliferation of escort serv- some international terror organi- aimed at flushing out ULFA, “insensitive” comments on instructions to his ministers about “I have said it earlier, I am say- ices in the state, which often sation is backing the insurgents,” NSCN and Manipuri fighters gang-rape of two women escorts, exercising caution while making ing it again, wherever tourism serve as a front for prostitution, a highly placed source told IANS. in camps along the border. The Chief Minister Laxmikant comments in public, Parsekar activity flourishes such minor Chief Minister Parsekar, who is Experts said that unless there ULFA lost several top leaders Parsekar yesterday said min- said: “Ministers should know that incidents happen,” Parulekar had also the state’s home minister, are combing operations on both and cadres like Monpa Rongpi isters should err on the side of they should speak with caution, said, adding: “...the boys are ‘nad- said police should “seriously” sides of the border, the terrorists and Madhurya Gohain, but the caution while making public not just with the media, but with aan’ (naive) and they have small think about it. can’t be stopped. operation ended abruptly. comments. the public and colleagues.” crimes registered against them “It should not happen. We need Lieutenant General Syed Ata India and Myanmar share an Parsekar, while speaking to Parulekar triggered a contro- and this will not happen in the to definitely seriously think over Hasnain (retd) cited the exam- unfenced 1,643-km border and reporters at Mapusa, a town 10 versy when he termed as a “stunt” future.” it. We cannot shirk the responsi- ple of Operation Golden Bird that permit a “free movement” regime km from here, said Goa Police the gang-rape of two women The opposition gunned bility,” Parsekar said. was launched in 1995. of up to 16 km on either side. would need to seriously think escorts by five men earlier this for Parulekar’s head, for his IANS “As a result of this IANS MONDAY 8 JUNE 2015 INDIA www.thepeninsulaqatar.com 15 ACB continues grilling Border pact generates optimism of TDP legislator Reddy India announces $2bn credit line to Bangladesh to boost relations
HYDERABAD: For a second day yesterday, the Anti-Corruption DHAKA: Thousands living Bureau (ACB) of Telangana quizzed Telugu Desam Party (TDP) near the Bangladesh-India bor- legislator A. Revanth Reddy and two others in the cash-for-vote der celebrated yesterday an his- scam. toric agreement that will allow ACB officials questioned the legislator and his two aides Sebastian them to choose their nationality Harry and Uday Simha at ACB headquarters in Banjara Hills. after decades of stateless limbo. The sleuths of ACB had interrogated Revanth Reddy for two hours. Poor villagers living in bor- The legislator’s lawyer Pramod Reddy alleged that ACB is mentally der enclaves waved Bangladeshi harassing his client. He said the agency was violating court orders. flags, held street parades and A city court on Friday had sent the accused to ACB custody for broke down in tears after last four days. Saturday’s ratification of the deal Revanth Reddy, a member of Telangana legislative assembly, was covering parts of the border along arrested by the ACB when he was handing over Rs.50 lakh to nomi- India’s eastern flank. nated member Elvis Stephenson on May 31 to make him vote for “I have never dreamt that I TDP-BJP candidate in legislative council elections. The ACB, which would live to see myself become had laid the trap on a complaint by Stephenson, also arrested two a citizen of any country,” said aides of the TDP leader. Moinul Haq, who lives in one The next day they were sent to judicial custody for 14 days. of the Indian enclaves inside The ACB is trying to elicit information from Revanth about the Bangladeshi territory. source of money and also about remaining Rs.4.5 crore he had promised “We have finally tasted freedom as part of Rs.5 crore deal. after 68 years,” he said by phone, He is also being questioned about the complicity of other political bursting into tears as he joined a leaders he mentioned during the conversation with the nominated “victory procession” of more than member. IANS 1,000 members of his Boshpechai- Bhitokuti enclave. Similar celebrations were held in other enclaves, said Golam Mostofa, general secretary of an Bangladesh President Abdul Hamid with visiting prime minister Narendra Modi at presidential residence association of enclaves. Bangabhaban in Dhaka yesterday. NSCN-K militants attack “All of us are now Bangladeshi citizens. Our pains and decades of frustrations are over. We’re arrangements made centuries ago last month that India’s parlia- Indian officials have played Assam Rifles camp now liberated and can now claim by local princes. ment gave its approval, paving the down the idea of Modi mediat- citizenship rights. The enclaves Around 50,000 people are way for saturday’s joint ratifica- ing in the long dispute between GUWAHATI: Suspected mili- retaliation by the Assam Rifles, will now have schools, clinics and thought to live in the “islands” tion ceremony. Hasina and Zia, although he tants from the NSCN-Khaplang he said. government offices,” Mostofa said. and lack many basic services Modi and Hasina signed a might urge Zia to ensure an end outfit yesterday attacked a The attack came four days Indian Prime Minister such as schools, clinics and utili- series of other agreements, to anti-government attacks. camp of the Assam Rifles in after a group of terrorists, includ- Narendra Modi signed the pact ties because they are cut off from including building much-needed Scores of people have been Arunachal Pradesh. However, ing National Socialist Council of with his Bangladeshi counterpart their national governments. power plants in Bangladesh, while killed in firebomb attacks on vehi- no causality was reported. Nagaland-Khaplang militants, Sheikh Hasina in a ceremony, the Under the agreement each India announced a $2bn line of cles since Zia called a transport Heavily armed militants ambushed an army convoy in highlight of his two-day visit to country will assume sovereignty credit to Bangladesh to deepen blockade at the start of the year started firing indiscriminately Manipur, killing 18 army men. India’s closest ally. over all enclaves in its territory. relations. in a bid to topple Hasina. at the camp in Tirap district in The NSCN-K in March abro- An agreement on the owner- Residents will be allowed either Modi was expected later yes- India refrained from criticising early hours of yesterday, prompt- gated the ceasefire accord with ship of the 162 enclaves -- essen- to stay put or to move across the terday to meet embattled oppo- Hasina’s re-election in January ing retaliatory firing by the para- the central government and since tially islands of land located border. The enclaves will effec- sition leader Khaleda Zia before 2014 in a contest that was boy- military Assam Rifles personnel, then has been targeting security in each other’s country -- had tively cease to exist. wrapping up his visit, his first to cotted by the opposition and an Assam Rifles spokesman said. forces in Arunachal Pradesh, proved elusive for decades. They Bangladesh actually endorsed Bangladesh since being elected in dismissed as “not credible” by The militants fled after Nagaland and Manipur. IANS resulted from complex ownership the deal in 1974 but it was only May last year. Western nations. AFP
Morning jog in Allahabad Centre eroding Kashmir’s distinct identity: Lawmaker SRINAGAR: An independ- “The Constituent Assembly status to Kashmir, should be ent lawmaker in Jammu and had passed a resolution regard- restored to its original position. Kashmir yesterday vowed to ing the flag, that it will be rec- “If the article goes, so will go protect his state’s “distinct tangular, red in colour with three the state’s accession with India. identity” and accused succes- equidistant vertical lines next to Article 370 acts as a bridge and its sive governments at the Centre the staff and a white plough in threads hold Jammu and Kashmir of “colonial behaviour”. the middle with its handle facing with India,” he added. “Delhi has played with our the strips. Rashid accused the Bharatiya sentiments and reneged on its “Twenty-one members of Janata Party-Peoples Democratic promises. But, unfortunately the assembly, including Sheikh Party ruling alliance of push- our local leaders, be it National Muhammad Abdullah, Mirza ing Kashmiris to the wall, and Conference or Chief Minister Afzal Beigh, Kirshan Dev Sethi, Chief Minister Sayeed of danc- Mufti Mohammad Sayeed, have gave speeches, but not a single one ing to the tunes of the Rashtriya surrendered our national pride of them used the word ‘J&K state’ Swayamsevak Sangh (RSS). to save their chair,” legislator but referred it as a country and He also accused the government Engineer Rashid said at a public promised to protect its distinct of conspiring to appoint non- meet in Srinagar. status, irrespective of caste, creed, locals and non-Muslims to key He said Jammu and Kashmir colour or religion,” he said. posts in the state administration. has its own flag, constitution and Rashid said accession of Jammu “I am not a communal person. anthem which were guaranteed and Kashmir to the union of India Non-Muslims constitute 25 per- by parliament through the 1952 in 1947 was on “certain condi- cent, give them their share. But Delhi Agreement. tions” which have to be respected. what about the rest of the people? People jog as the sun rises over the Ganges river in Allahabad yesterday. “Today we ask the Indian “We are not begging before You (government) are creating a leadership to restore the Delhi Delhi. If you won’t honour this dangerous situation here,” he said. Agreement and live up to their flag of ours, people here will have He accused Kashmiri Pandits of promise. This is the only way no option but to waive green “reaping benefits” under the garb Call to revoke ban to bridge the gap and alienation flags,” he said, in a reference to of being victims. Scribes’ financial state between Srinagar and Delhi,” separatists waving Pakistani flags “Pandits have every right to on IIT-Madras Rashid said at a meet he called at a recent rally. return but tell me how many of “State-flag day”. “Syama Prasad Mukherjee’s them were killed for raising the students group matter of concern: Naqvi On this day in 1952, the then dream of one country, one con- Indian flag here?” Jammu and Kashmir Constituent stitution and one flag slogan won’t “They (Pandits) claim to be vic- PUNE: Expressing concern over “weak and insecure financial sit- Assembly adopted the state’s flag. work here,” he said, referring to tims but it was actually Kashmiri NEW DELHI: Describing the uation of media persons in India”, union Minister Mukhtar Abbas Rashid - the legislator from the Jana Sangh leader’s opposition Muslims who were killed either de-recognition of a students’ Naqvi yesterday said it affects the “honest, transparent and profes- Langate in Kupwara district - to the state’s separate constitu- in the name of militants, police- group in IIT-Madras as “undem- sional journalism”. demanded be named “State Flag tional status. men or as supporters of pro-India ocratic” and “unilateral”, the Addressing an award function, ‘Narad Puraskar’, for journalists Day” and declared a holiday in Rashid said Article 370 of the groups,” he said. People’s Union for Democratic here, Naqvi said the media is the most independent and powerful in Jammu and Kashmir. Constitution, that accords special IANS Rights (PUDR) yesterday asked India but weak and insecure financial situation of media people is a for the immediate roll-back of matter of concern. the decision. “We have to think seriously about the financial situation of media The Ambedkar Periyar Study persons as they show direction to the society through their work. Due Circle (APSC), an independ- to media vigil, the governments work with complete alertness,” he said. 193 countries to take part ent group of Indian Institute of “India is the biggest democracy of the world and media is an impor- Technology-Madras students, tant pillar of the country. ,” he added. IANS was banned last month for allegedly criticising the central in International Yoga Day government. “This exposes the real attitude NEW DELHI: Hundreds of in different languages to help peaceful. The CDs will be played of the government towards Dr Nitish meets Rahul before thousands of health enthusiasts people perform proper asanas on Rajpath on big screens so that Ambedkar whom they are des- from 193 countries will perform worldwide,” Basavaraddi Told participants can perform while perately trying to bring into the Janata Parivar meet various ‘asanas’ (yogic pos- IANS, adding that the CDs and watching them. Hindutva fold. IIT-M is extend- tures) at different places across booklets have already been sent “The half-hour programme ing all possible help to many NEW DELHI: Bihar Chief BJP. We supported him when he the globe with some 35,000 to to all 193 countries. will begin at 7 a.m.,” Basavaraddi right-wing student groups that Minister Nitish Kumar yester- proposed the name of Jitan Ram 40,000 people who would lead The pictures in the CDs and said, adding that the event will are engaging in unscientific and day met Congress vice president Manjhi (for chief ministership). the celebrations from Rajpath in the booklets would be of various find a place in the Guinness World religious discourses,” the PUDR Rahul Gandhi before his sched- We supported him when he the heart of the Indian capital Yoga gurus, including that of Baba Records. The United Nations said in a statement. uled meeting with the leaders of again took over as chief minis- to mark the first International Ramdev, performing asanas, he (UN) declared June 21 as the “We strongly believe that the Janata Parivar here. ter,” Congress general secretary Yoga Day on June 21. said. “This would certainly help International Yoga Day on India’s the action of the dean of students The Janata Parivar was to meet Shakeel Ahmed told. “So we have Ishvar V. Basavaraddi, direc- people understand the impor- request last year. of IIT-M in derecognising the to arrive at an understanding been a supporting party and as tor, Morarji Institute of Yoga tance of Yoga in life,” Basavaraddi Prime Minister Narendra APSC is undemocratic and uni- over the proposed alliance and far as a meeting between Rahul Sciences, said that people from said. He said the event may cre- Modi, who will lead the celebra- lateral, and demand its immedi- its leadership for the Bihar polls. Gandhi and Nitish Kumar is con- 193 countries would take part in ate yoga awareness among more tions, also called for making yoga ate and unconditional roll-back,” “We have been supporting cerned, I would say there is noth- the celebrations. people and they might start doing a mass movement, connecting it added. Nitish Kumar. We supported him ing new in it as political leaders “Our institute has prepared the ancient Indian exercises that people and strengthening the IANS when he parted his ways with the keep meeting,” he said. IANS thousands of CDs and booklets keep mind and body healthy and bonds of humanity. IANS MONDAY 8 JUNE 2015 16 www.thepeninsulaqatar.com MORNING BREAK
Prayer Timings Weather Hot during the day with slight dust. Fajr 03.14 am Zuhr 11.33 am Maghrib 06.24 pm Minimum: 32o C Maximum: 43o C Shorook 04.43 am Asr 02.56 pm Isha 07.54 pm HIGH TIDE 08:45 - 21:30LOW TIDE 04:30 - 13:45
Box Office: Spy Vivid Sydney tops with $30m LOS ANGELES: Melissa 3 will enjoy capacious profit mar- McCarthy pushed Spy to a gins. It cost a meagre $10m to $30m debut in an otherwise produce and attracted a crowd lacklustre weekend at the box that was 54 percent female and office as summer ticket sales 69 percent under the age of 25. continue to disappoint. “It’s a very solid start,” said That was on the lower end of Jim Orr, president of distribu- projections for the Fox espionage tion for Focus Features, which satire, which wraps globe-trotting maintains the Gramercy genre intrigue in cat sweaters, but it label. “Blumhouse just owns this was enough to dislodge last week’s space and they’ve crafted another champ, San Andreas, from its first incredibly scary movie.” place perch. The Warner Bros dis- After a five-year absence, the aster movie secured a second place stars of the long-running HBO berth with $26.4m, and has rum- series Entourage reunited for a bled its way to a domestic total of bigscreen bacchanal that was sav- $99m in two weeks of release. aged by critics. Entourage will make Overall, a weekend that saw $17.8m over its first five days in three box office newcomers failed theatres and $10.4m for the week- to generate enough heat to lift end, less than the $20m mark that ticket sales to year-ago numbers Warner Bros. had hoped to crack. Australia’s iconic Opera House is lit up during a light show called “Vivid Sydney” yesterday. Vivid Sydney, an annual festival of light, music and ideas, when Fault in Our Stars debuted The opening weekend crowd has been attracting thousands of visitors every day from May 22. to $48m. That’s the third straight was 64 percent male and 90 per- week of declines, but the streak cent under the age of 50, perhaps will likely snap next weekend the least surprising demographic when Jurassic World is projected data ever. Warner Bros distri- to roar to more than $100m. bution chief Dan Fellman noted Spy cost $65m to produce that the film’s grosses moved up Apple to unveil ramped up music dial today and rolled out across 3,711 loca- 3 percent on Saturday, a sign he tions. It reunites McCarthy and argued that word-of-mouth is bol- director Paul Feig, who have stering the picture. “It’s found its SAN FRANCISCO: Apple is in San Francisco. “I absolutely streaming music service in a $3bn Enhancements were also previously collaborated on The audience now,” he said. “This little expected to unveil a ramped up think we will see a streaming deal in May last year. expected to Apple Pay, which Heat and Bridesmaids. Chernin bit of a burst we saw gives us some music service today that builds music service,” Gartner analyst An Apple streaming music allows contactless payments Entertainment produced the film, momentum as we move into the on the iPhone maker’s strengths Van Baker said. service would grab headlines at with iPhones or smartwatches. which co-stars Rose Byrne, Jude heart of summer.” in a challenge to Spotify, Pandora While iTunes transformed the an annual gathering at which the Improvements could include add- Law and a surprisingly funny Mad Max: Fury Road rounded and other established players. way music was distributed and California-based company courts ing the ability to track rewards Jason Statham. Overseas, the out the top five with just shy of In the biggest overhaul of sold, it also put Apple in a posi- creators of fun, hip or functional programme information. AFP picture took in $25.6m from 54 $8m, bringing its domestic haul to iTunes since it was launched in tion to build extensive relation- apps that help drive the popularity markets, bringing its worldwide $130.8m, while Pitch Perfect 2 roped early 2003, the service was antici- ships with labels and artists. of Internet-linked mobile devices. total to $86.5m. $7.7m last weekend for a North pated to include an option of sub- The popularity of iTunes and Apple will likely be keen to fuel Among new releases, Gramercy American total of $161m. Among scribing to streaming music for Apple devices means that a broad enthusiasm for making apps to premiered Insidious: Chapter 3, art house releases, Roadside $10 monthly. audience could be provided an easy run on its freshly launched line another low-budget package from Attractions’ Love and Mercy scored Analysts and industry insiders way to simply switch on the new of smartwatches. Apple is likely horror impresario Jason Blum, to a solid $2.2m from 483 screens. The believe rebranded “Apple Music” music service, according to Baker. to loosen the reins a bit on its $23m across 3,002 theatres. That’s biopic about Beach Boys’ musical will be introduced today during Apple Music will likely have smartwatch to let developers a third place finish, and, like other genius Brian Wilson will expand a keynote presentation kick- benefited from talent and tech- create apps that work right on Blumhouse films such as Sinister gradually throughout the summer. ing off the company’s weeklong nology acquired when Apple the wrist instead of on iPhones and The Purge, Insidious: Chapter REUTERS Wordwide Developers Conference bought Beats Electronics and its to which they are synched. Monday 8 June 2015 21 Shaaban 1436 Volume 20 Number 6455 Price: QR2
QIB holds training for managers
Business | 18
www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 44557741 | Advertising: 44557837 / 44557780 Qatar’s growth rate to remain 6.5pc for two years Double digit growth in non-hydrocarbon sector, government’s development plans cited; inflation likely to rise
DOHA: Qatar’s growth rate on Qatar’ said yesterday. This is primarily the result of year-on-year. The public sector has is forecast to remain strong at Output gains from the non- the decline in energy prices, with been scaling back its borrowing as 6.5 percent per annum over the hydrocarbon sector expected to hydrocarbon receipts likely to the government applies stricter next two years, driven by dou- be broad-based, with construc- drop by 33 percent in 2015. oversight of borrowing by its vari- ble-digit growth in non-hydro- tion, financial and government Qatar’s current account surplus, ous government entities and the carbon sector and underpinned services, and trade and hospital- which, as a percentage of GDP, has authorities pay back debt accu- by the government’s develop- ity leading the way with growth been in double-digits since 2010, is mulated through their domestic ment plan. Inflation is likely of above 10 percent year-on-year. forecast to narrow to 4.4 percent bond issuance programme. The to rise, albeit gradually, to 3.2 Qatar’s 5-year, $210bn infra- of GDP and 3.1 percent of GDP public sector’s share of total credit to 3.5 percent in 2015-2016, an structure development plan, is in 2015 and 2016, respectively. has dropped to 38 percent, hav- updated macroeconomic out- expected to proceed in spite of the Slowing export growth has already ing been as high as 46 percent in look on Qatar noted. decline in energy prices.” $29bn negatively impacted the country’s November 2012 month-on-month The country’s real GDP growth worth of contracts were awarded in international reserves, which were credit growth to the public sector is forecast to remain strong over 2014-30 percent more than in 2013- strengthening US dollar should the supply of housing. Increasing still down in March, by $7bn or 6.9 expanded over February-March, so the next two years due to con- and we expect momentum to fur- help restrain imported inflation, demand for housing saw property percent to $39.1bn, from their 2014 lending could be picking up again. tinued expansion of the coun- ther increase in 2015 on the back domestic inflationary impulses prices surge by a recorded 43 per- peak of $46.1bn last November. The pace of asset accumu- try’s non-hydrocarbon sector. of the $13bn worth of contracts driven by rising rental prices will cent year-on-yea last January. As The country’s credit growth lated by commercial banks has The decline in energy prices of for strategic projects awarded in continue to exert upward pres- of March, real estate prices were has been moderating over the last slowed down noticeably over the almost 45 percent for oil and 33 1Q15”, NBK analysts said. sure on the consumer price index. up by 29.6 percent year-on-year. year owing to a slowdown and con- last two years. Growth in for- percent for natural gas since June The country’s headline infla- Citing Qatar Central Bank NBK analysts noted that traction in public sector borrow- eign assets has also slowed. As of 2014 should not materially impact tion is expected to rise gradually (QCB) data, the research note said Qatar’s budget surplus is fore- ing. The most recent data showed end-March total assets stood at growth in the short-to-medium over the forecast period, from Qatar’s rental inflation reached cast to narrow from an expected overall bank credit expanding $280bn, equivalent to 132 percent term, though it may lead to a re- 2.7 percent year-on-year at the 7.3 percent year-on-year at the 10.8 percent of GDP in 2014 to 1.6 by 13.3 percent year-on-year in of GDP, an increase of 7.6 percent prioritisation of capital projects, end of 2014 to 3.2-3.5 percent end of 2014 and is expected to rise percent and 2.2 percent of GDP March, with credit to the public year-on-year. NBK’s ‘macroeconomic outlook in 2015-16. While prospect of a further ahead of an increase in in 2015 and 2016, respectively. sector contracting by 6.4 percent THE PENINSULA
EU chief rebukes Greece, Deutsche Bank appoints new demands swift debt plan CEO in latest KRUEN, Germany: The Italian Prime Minister Matteo European Union’s exaspera- Renzi said G7 leaders agreed that shake-up tion with Greece burst into the everything must be done to pre- open yesterday when its chief vent Greece leaving the euro zone FRANKFURT: Germany’s executive rebuked leftist Prime but it was up to Athens now to largest lender Deutsche Bank Minister Alexis Tsipras and give a positive signal. purged its leadership yesterday, warned that time was running In Athens, a government offi- appointing Briton John Cryan out to conclude a debt deal to cial said Greece wanted to con- as chief executive to replace avert a damaging Greek default. tinue to negotiate “at a political Anshu Jain just two weeks after In unusually sharp terms, level” to find convergence with the Jain was given more power to European Commission President lenders. However, the euro zone reorganise the bank. Jean-Claude Juncker accused and the International Monetary Deutsche Bank has struggled to Tsipras of distorting proposals Fund have made clear the num- restore an image tarnished by a by international creditors for a bers must first add up in technical raft of regulatory and legal prob- cash-for-reform agreement and negotiations before there can be a lems which include probes into of dragging his feet in offering an political deal. alleged manipulation of bench- alternative. Tsipras had been expected to mark interest rates, mis-selling He urged Athens to put its own return to Brussels last Friday to of derivatives, tax evasion and ideas on the table swiftly to enable resume negotiations. But faced money laundering. talks to resume on the sidelines of with a backlash against the credi- The German lender presented an EU-Latin America summit on tors’ proposal in his Syriza party, a radical management shakeup Wednesday in Brussels. he went to parliament in Athens on May 21 in a last ditch attempt US President Barack Obama instead and denounced the offer to restore confidence in its man- discussed the Greek crisis with as “absurd”. agement, but some investors German Chancellor Angela Juncker came close to accusing demanded more changes. Merkel in private talks before him of duplicity. Cryan, 54, has been on the bank’s a Group of Seven industrial “I don’t have a personal prob- supervisory board since 2013 and nations’ summit in Germany lem with Alexis Tsipras, quite was a former chief financial officer and expressed hope that Greece the contrary. He was my friend, of UBS. He will replace co-CEO and its partners would chart a he is my friend. But friendship, Jain, who will resign on June 30, course without causing volatility in order to maintain it, has to A street food vendor rests at the Omonoia square in Athens yesterday. Greek Prime Minister Alexis Tsipras called on and become the sole CEO when the in financial markets, the White have some minimum rules,” he EU-IMF creditors to withdraw “absurd” demands for further austerity cuts after ducking a loan repayment to the IMF. other co-CEO, Juergen Fitschen, House said. told a news conference at the G7 steps down next year, the bank said. Merkel said she, Juncker summit. needed this week to allow time Juncker confirmed that Tsipras against European and IMF lend- Cryan said there was work and French President Francois Asked when the last chance for ministerial and parliamentary had tried to call him but said he ers. “If someone says I will lend to be done. “Our future will be Hollande briefed the G7 leaders was for Greece to reach a deal approval of the disbursement first wanted to receive and have you money but please give it back defined by how well we deliver on the Greek debt talks. and receive urgently needed funds of funds before the bailout pro- time to study a Greek counter-pro- to me in the future, that person on strategy, impress clients and “We could not say that the remaining from a 240 billion euro gramme expires at the end of June. posal before speaking to him again. is not a ruthless robber, and it’s reduce complexity,” he said in a problem was solved,” she told ZDF bailout, Juncker said: “For sure An EU official said the European Council President not true (that) debtors are always Deutsche statement announcing television, adding there was still a there will be a deadline.” Commission chief had refused to Donald Tusk, who chairs EU sum- moral and creditors are always his appointment. lot of work to do and “we haven’t He did not mention a date, but take a phone call from Tsipras on mits, criticised the leftist Greek immoral,” Tusk told reporters. The new CEO, who starts on reached the finishing line yet”. EU officials said agreement was Saturday to show his displeasure. government’s virulent rhetoric REUTERS July 1, was heavily involved in the bank’s new strategy blueprint and is unlikely to make signifi- cant changes to it, a senior bank source said. “The strategy will not be reformulated but there’s obvi- Opec unlikely to lose oil influence to US shale: Analysts ously room to shape the details of the strategy,” the source said. The strategic plan has been VIENNA: Opec’s announce- to boost revenues, and instead left conditions of the oil market,” shale, or sedimentary rock, now firms who manage production roundly criticized by investors as ment that it is keeping crude its output ceiling unchanged at 30 said senior energy analyst Myrto producing 5.0 million barrels per based on market conditions.” too little too late. output levels unchanged again, million barrels per day (mbpd) — Sokou at the Sucden brokerage in day, making the country far less He added: “Obviously Opec as a “A lot of detail is still needed despite a collapse in oil prices, despite the collapsing oil market London. “We cannot necessarily dependent on imports from the group still controls a much larger on it,” said Chris Wheeler, bank reflects the growing influence of and a stubborn global supply glut say that Opec is losing its price crude-rich Middle East. share of the market than the US, analyst at Atlantic Equities in booming US shale but analysts that is fuelled partly by US shale. influence on oil prices to the US But Capital Economics com- but if the US could act as one oil London. “Does the new person say the cartel is still the domi- The policy was extended last shale production. Opec still has modities analyst Thomas Pugh producer, in the same way that say they want to review it or say nant player. Friday when the cartel of produc- very significant influence over the also downplayed talk that the US the Gulf states do, it would make it’s fine ... It’s a massive job still to The 12-nation Organisation of ers from Africa, Latin America current crude oil prices. shale boom could weaken Opec’s it significantly more powerful.” do. It’s one of the world’s biggest Petroleum Exporting Countries and the Middle East decided to “However, the US shale oil standing. “I don’t think it’s fair to Fawad Razaqzada, techni- investment banks and Germany’s (Opec) switched its production leave the taps open, sparking production continues to increase say that Opec is losing influence to cal analyst at trading website national champion.” strategy in November in order to questions from some quarters strongly during the last few the United States,” Pugh told said. FOREX.com, conceded that the Another analyst, who declined to push down prices and hurt high- about the increasing influence of months and it is definitely some- “Production in the two regions cartel was less powerful than it be named, said Cryan had helped cost US shale producers, who US shale on the oil market. thing we need to keep an eye on is managed very differently. Opec used to be, due in part to strong manoeuvre UBS out of crisis. need elevated prices to make their Opec’s dozen members pump a in the near term.” can take strategic decisions to oil output in non-Opec member “Cryan is a humble person ... and operations profitable. third of the world’s crude oil. The United States has signifi- manage output to manipulate Russia, but it still remained a he likes understatement unlike the Opec ditched its traditional “Opec members continue to cantly ramped up its production of prices, whereas US production is “dominant force”. masters of the universe generation.” role of supporting higher prices play a key role in the current oil extracted from hard-to-reach controlled by hundreds of small AFP REUTERS MONDAY 8 JUNE 2015 18 www.thepeninsulaqatar.com BUSINESS
Consortium says Qatari bourse Cyprus gas find commercially index drops exploitable NICOSIA: Cyprus announced yesterday that offshore reserves in its Aphrodite gas field have been pronounced commercially 110.27 points exploitable, the first such devel- opment in four years of energy exploration. US firm Noble Energy made Saudi market slips as oil declines the first find off the southeast coast in 2011 in the Aphrodite DOHA: Exchange index Yemen’s dominant Houthi field (Block 12), which is esti- dropped 110.27 points, or 0.91 group and its allies fired a Scud mated to contain around 127.4 percent when the bourse closed ballistic missile into Saudi Arabia, billion cubic metres (4.54 tril- yesterday at 11,981.98 points which the kingdom said it had lion cubic feet) of gas. Israeli compared to 12,092.25 points on shot down on Saturday, in a major firms Delek and Avner have Thursday. escalation of two months of war. a 30 percent stake in the The market capitalisation Fighting also intensified along the venture. declined to QR637.90bn compared border between the two countries. “Noble Energy International, with QR644.86bn registered on Retail investors in the Gulf, and Delek Drilling and Avner Oil Thursday. especially in Saudi Arabia, have Exploration, holders of a licence The trading value decreased reacted negatively to the conflict for the exploration of hydro- to QR424.87m with a volume and the latest developments could carbons in Block 12 of Cyprus’s of 8,589,817 shares from 4,608 further weigh sentiment. Exclusive Economic Zone (EEZ), transactions compared with The main Saudi index edged have declared commerciality of QR672.66m with a volume of down 0.8 percent as most blue The managers who attended the training with other officials. Aphrodite,” the energy ministry 13,571,185 shares from 6,116 trans- chips fell and petrochemicals said in a statement. actions on Thursday. giant Saudi Basic Industries It said the venture will now Indices of five sectors ended slipped 0.4 percent. Major lend- QIB training for managers on submit a development and pro- in the red yesterday and two in ers Al Rajhi Bank and National duction plan to the government green zone. Commercial Bank fell 1.3 percent covering method and timeline for Real estate index gained 0.50 each. extraction and sales. It is subject percent when it closed the day Retailer United Electronics wealth, investment management to cabinet approval. at 2,667.26 points while insur- slipped 0.3 percent, having tum- The ministry hailed a “sig- ance sector gained 0.25 percent bled as much as 3.9 percent during DOHA: Qatar Islamic Bank (QIB) understand the financial services environment. The main objective nificant milestone to Cyprus’s (4,779.86 points). the day. The firm said on Sunday – Qatar’s leading Islamic bank, industry, define various asset of this training is to bring our transition from the hydrocar- Industries index declined it planned to buy 51 percent in cooperation with the Qatar classes, list rules and regula- people up to date on how best to bons exploration phase to that of the most, down 1.93 percent to stake in International Regions Finance and Business Academy tions of the industry, appreciate advise our Client base about the exploitation.” 3,857.68 points. Company, a fashion retailer for – has held a training programme Fiduciary Relationships, perform best ways to invest.” Anand added. “It is another important step Total Return Index dropped brands such as DKNY, Kenzo, for its ‘Tamayuz’ and Private basic level investment analysis Khalefa Al Mesalam, Head of towards the monetisation of the 0.91 percent (18,620.62 points). Al Max Mara, Koton, Jimmy Choo, Banking relationship manag- and design financial plans. QIB’s Human Capital Group com- country’s indigenous natural Rayan Islamic Index dropped 0.76 and Ecco. ers designed to provide quality D Anand, General Manager of mented, “The course provides a gas reserves, both for domes- percent (4,592.7 points) and All United Electronics did not dis- advice relating to investments. QIB’s Personal Banking Group, comprehensive introduction to tic electricity generation... as Share Index dropped 0.83 percent close the price but said one of its The qualification covers the explained that the Bank held financial planning, industry reg- well as exports via direct sub- (3,202.72 points). board members owned a stake in essentials of financial planning, this training course as part of ulation, investment analysis and sea pipelines to neighbouring Investors traded shares of 41 the target company. private client asset management, its ongoing strategy to enrich lifetime financial provision, and countries.” from the 43 QSE-listed compa- Dubai’s index fell 1.1 percent fund management and advisory the experience of its relationship consists of lectures, discussions, The announcement comes after nies. From these shares of 27 with most stocks in the red. But functions. This course qualifies managers to better serve the and case studies”. Italian-South Korean energy con- declined, nine gained and five Amlak Finance, which accounted participants for the examination Bank’s premium clients. “Qatar Islamic Bank puts great sortium Eni-Kogas said in March remained unchanged. for almost a half of total traded for the “International Certificate “With our expert knowledge emphasis on the training of its it had failed to discover any Meanwhile, most other regional value in the emirate, surged its in Wealth and Investment of financial markets and instru- personnel, so as to ensure their exploitable gas reserves in deep- stock markets edged down yes- daily 15 percent limit for the third Management”. ments, local culture and regula- personal development, while at sea drilling off the Mediterranean terday after oil prices fell on session in a row. The “International Certificate tory environment, QIB designs the same time ensuring that the island. the week and fighting in Yemen Amlak resumed trading on in Wealth and Investment” is a its products and services – from Bank’s clients are serviced to the In January, French energy intensified. Egypt was also weak Tuesday after being suspended qualifying Level-3 programme active portfolio management best possible standards. Only by giant Total said it had failed to following poor balance of pay- for nearly six years because of for relationship managers work- to research and comprehensive regularly extending the knowledge locate any targets to test-drill ments data. debt problems. Dubai’s index ing in private banking and wealth wealth management solutions – base of our staff can we offer the in the blocks it is licensed to Despite a rally on Friday, Brent has roughly doubled in that management roles. Upon success- always taking into account the very best standards of excellence exploit. crude fell 3.6 percent last week as time. ful completion of this course, the changing individual circumstances to all our clients,” Al Mesalam said. Both Kogas and Total have gone Opec left its output unchanged. AGENCIES participants are better able to and the rapidly evolving market THE PENINSULA back to the drawing board with no significant move on Cyprus expected within the next two years. Cyprus needs to find more gas reserves to make a planned Prudential seeks profit in Japan bond swings since 2009 onshore terminal financially viable as it seeks to become a regional energy player. TOKYO: The wildest Japanese important to seek extra income lack of liquidity as German and unveiled in October last year. according to Sakaguchi. It had planned to build a lique- government bond swings in from market swings,” Kenji US notes plunged this quarter. Twenty-year bonds yielded 1.265 “Overseas players, who are influ- fied natural gas plant that would six years aren’t all bad news. Sakaguchi, the chief investment Sakaguchi isn’t so worried. He percent late Friday in Tokyo, or enced by external developments, allow exports by ship to Asia and Prudential Financial Inc sees officer of Prudential Investment forecasts the benchmark yield 127 basis points more than two- are playing a larger role in impact- Europe, but the reserves con- them as a chance to turn a bit Management Japan Co., said in will range from 0.1 percent to year securities. The spread was the ing the JGB market compared to firmed so far are insufficient to of extra profit. an interview in Tokyo on June 0.9 percent for the rest of the highest level this year. Sakaguchi the past,” he said. Foreign appe- make that feasible. Historical one-year volatility 4. “Current levels are relatively year, compared with the 0.25 to said around a 1.2-1.3 percent level tite for Japanese bonds reached Cyprus and energy-starved in JGBs climbed to 2.609 percent high and near a point good for dip 0.7 estimate of economists sur- for the security is “attractive.” a six-month high in April, double Egypt are looking into the possi- on June 5, the highest since 2009, buying.” veyed by Bloomberg. He’s favoring “We expect JGBs to move the amount a year earlier, accord- bility of transferring gas from the and the 10-year yield rose to a The BoJ has now cornered 20-year bonds, which have higher dynamically this year,” he said. ing to data from Japan Securities Aphrodite field to Egypt via an six-month high of 0.505 percent a more than 20 percent of the yields and greater potential for “Once yields rise, there will Dealers Association. undersea pipeline. Cyprus hopes day earlier during a global selloff. JGB market and any expansion gains and losses as the interest- be a period when yields head “High volatility normally is risky to begin exporting gas, and maybe Prudential’s Japan unit is betting of its bond buying may sap trad- rate environment changes. lower again, so that’s when buy- for JGBs and puts upward pressure oil, by 2022. the yield may renew the record ing activity, exaggerating price “Longer maturities are more ing opportunities emerge before on yields,” Sakaguchi said. “It’s a Cyprus’s search for energy low of 0.195 percent reached in moves. European Central Bank attractive as they fluctuate more yields resume their climb.” tug-of-war with BOJ buying. When has caused friction with Turkey, January should speculation mount President Mario Draghi said mar- than the shorter zones where As seen in last week’s global the overseas environment is stable, which does not recognise the that the Bank of Japan will expand kets should be ready for higher yields are pinned down,” he said. bond rout that gathered pace the BOJ impact prevails and puts island’s EEZ and wants to see the its bond- buying stimulus that has volatility due to ultra-low inter- The BoJ is buying as much as following Draghi’s comments, downward pressure on yields and process put on hold until there is tightened supply in the market. est rates. Bill Gross, who runs the 12 trillion yen ($96bn) of JGBs the impact from overseas bond when overseas conditions are vola- a settlement of the island’s dec- “Yields are moving so profit- Janus Global Unconstrained Bond a month to spur the economy markets on the domestic trades tile, they outweigh the BoJ factor.” ades-old division. ability chances increase and it’s Fund, said he was scared by the under its unprecedented stimulus are becoming larger than before, BLOOMBERG AFP
Gold labelling IBQ promotes Hassan Al Mulla, Abeer Al Emadi to senior posts
DOHA: International Bank of new promotion is a testament to Qatar (ibq) announced the pro- Hassan’s broad banking experi- motion of Hassan Al Mulla (pic- ence and his track record at the tured left) to Head of Retail Bank, serving as a role model Banking and Abeer Al Emadi to the Bank’s other Qatari (pictured right)to Acting Head employees. of Operations.These senior man- Abeer Al Emadi is promoted agement appointments strongly to Acting Head of Operations their considerable achievements underline the Bank’s commit- and has been with ibq since 1999. to date at the Bank. This high- ment to promoting Qatari staff This promotion is a testament to lights how at ibq, we recognise the to leadership positions. her strong leadership, her vast importance of encouraging excep- Hassan Al Mulla has over experience in Operations and tional local talent to realise the 21 years of extensive bank- her unrelenting commitment to nation’s vision for human capital ing experience and graduated the Bank. In 2011, Abeer won the development”. from HSBC College in the UK ‘Leadership’ Award at the Qatari Saleh Al Kawari, AGM and in Banking and Management Businesswomen Awards. Abeer is Head of Human Resources & before gaining a degree in a role model to all ibq employees Governmental Affairs at ibq Accounting from the Association and she plays an important role said: “Our aim at ibq is to ensure of Accounting Technicians spon- as a mentor to many of the Bank’s that our Qatari employees at sored by PriceWaterhouse. Qatari employees. every level can enjoy a reward- Hassan joined ibq in May 2009 Jabra Ghandour, Managing ing long-term career and have A machine is used to engrave information on an ingot of 99.99 percent pure gold at the Krastsvetmet Krasnoyarsk as Head of Islamic Banking and Director of ibq said: “We congrat- the best possible professional in October 2011 moved to Retail ulate both Hassan and Abeer on opportunities to advance at the non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia. Krastsvetmet is one of the world’s largest Banking as Head of Qatari their well- deserved promotions Bank.” players in the precious metals industry. Business Development. This to such senior positions and for THE PENINSULA MONDAY 8 JUNE 2015 BUSINESS www.thepeninsulaqatar.com 19 Egypt bond should pave way for future deals Cairo expected to revisit bond market this year as western investor demand grows strong
DUBAI: Robust global demand rose to 101.5 in Friday trading Hussain, who oversees about Ambitious growth plans, wid- said in March. The distribu- to a banker in the deal. for Egypt’s first bond in five before ending the day with bid- $1.2bn in assets as chief executive ening deficits and desire to create tion of Thursday’s offering will Unlike in the years after the years could prompt it to revisit offer quotes at 100.25/100.50, at Mashreq Capital, which bought a yield curve may prompt Cairo provide encouragement to all 2011 uprising, when foreign inves- the debt markets as early as despite generally-volatile market the bond. to tap the debt markets again this Egyptian issuers, as most of the tors into existing Egyptian bonds this year, as the Arab world’s conditions due to worries over Egypt was frozen out of the year, investors said. bond was taken by Western inves- were largely limited to adventur- most populous nation re-estab- Greece’s future in the euro zone, international debt market after “Given the strong demand, tors, unlike in the case of other ous hedge funds, the investor base lishes itself in the international according to traders. the uprising against former presi- Egypt might follow up with debt deals from the Gulf region, was well diversified. capital markets. As well as strong demand from dent Hosni Mubarak and subse- another public market issuance which see half the issue absorbed Asset managers took 72 per- Such access could prove critical investors whose initial demand quent rule and deposing of his maybe in the five year space or by domestic accounts. cent of the issue, bank and private as Egypt tries to rebuild its bat- was unsatisfied, generous pricing successor Mohamed Mursi. maybe, if they can get the legal Gulf states have also backed banks 13 percent, hedge funds tered economy in the wake of the also made the bond desirable. The ascension of former army issues sorted, a sukuk which I Egypt through cash grants and 9 percent, and supra-national, Arab Spring uprising of 2011, by Egypt’s bond was printed at a chief Abdel Fattah Al Sisi to the think the market would look at petroleum products worth billions insurance and pension funds improving public finances, provid- spread of 360 basis points over presidency last year has seen a positively,” said Mashreq’s Hussain. of dollars, with companies from together took 6 percent. ing much-needed dollars and pav- midswaps. One possible compari- focus on providing stability and Finance Minister Hany Kadry Saudi Arabia, the United Arab Strong demand came despite ing the way for Egyptian banks son is Egypt’s outstanding 2020 a return of foreign investment Dimian said on April 30 he Emirates and Kuwait following in Egypt’s low credit rating, which and companies to complete their bond, after factoring in for dura- capital to help revive the flagging hoped the country would issue their government’s footsteps with restricts many global funds from own deals. tion, which traded on Friday at economy, which suffers from a a sukuk at the beginning of the their own investments. investing in its bonds. Egypt priced a $1.5bn 10-year 268.49 basis points over z-spread. lack of dollars and frequent power 2015/2016 fiscal year, which starts Investors from the United “We needed the big, long-only bond on Thursday at a yield of Tunisia’s $1-billion 2025 bond, cuts among other ills. on July 1, and it had submitted States took 45 percent of the asset managers out of the US to 6 percent, tighter than initial rated Ba3/BB-by Moody’s/Fitch, Among them is the current its draft sukuk law to the Islamic paper, the United Kingdom 35 support the issue as other classes pricing guidance of 6.25 percent, was trading at 314 bps over account deficit, which ballooned Development Bank for advice. percent, European accounts cor- of investor don’t have enough after drawing demand from inves- z-spread. to $8.38bn in the nine months Other Egyptian entities are nered 11 percent, while Middle lines for the rating level,” the tors worth three times the final “The pricing was attractive through March 2015, compared waiting in the wings. National East investors managed to get banker on the deal said, speaking amount. for investors, which should leave with a deficit of $543.1m in the Bank of Egypt wants to issue a just seven percent of the issue. on condition of anonymity as he is The B-/B/B3-rated bond, which the issuer well positioned for same period the previous fiscal dollar-denominated bond by the The remaining two percent went not allowed to speak to the press. carried a reoffer price of 99.07, future issues,” said Abdul Kadir year. end of June, its chief executive to other geographies, according REUTERS
Orange in Israel for good, Avaya sponsors Internet says chief amid row of Things PARIS: The chairman of “Our decision on the use of conference Orange said this weekend that the brand is motivated—as it is the French telecoms group was all over the world—solely by our DOHA: Avaya is a sponsor and in Israel “to stay” as a row raged brand strategy,” he said. key participant of IoTX, the over the group’s plan to review “Let me make it very clear that Internet of Things conference its business ties with an Israeli the Orange Group is in Israel to and exhibition at the Dubai telecoms firm. stay.” World Trade Centre on June 8 Stephane Richard said he “sin- He noted that Orange is and 9. The technology firm will cerely regrets” the furore sparked present in Israel through two use the event platform to show- on Wednesday when he said in subsidiaries, Orange Business case breakthrough connectiv- Cairo that Orange would end its Services and Viaccess-Orca, a ity solutions that are geared brand-licensing agreement with specialist in Internet television. towards enabling a more sus- Partner, Israel’s second-largest Orange and Partner agreed tainable society, and which can mobile operator. in April to have their previously be implemented by public and The Orange boss’s comments open-ended licence expire on private sector entities alike to touched a raw nerve in Israel, March 31, 2025. empower users with enhanced which is growing increasingly But Partner issued a state- experiences, while reducing concerned about global boycott ment late Saturday dismissing environmental impact. efforts and the impact on its Richard’s latest conciliatory com- Visitors to IoTX will experience image abroad. ments, saying it was outraged that Avaya’s vision for the endless pos- A furious Israeli Prime he had not been in contact with sibilities of Smart applications, all Minister Benjamin Netanyahu them himself. of which can be customized to suit slammed the move by France’s “The recent statements... are any sector or industry’s specific part state-owned telecoms group nothing more than a smoke- needs. Solutions can be quickly as “miserable.” screen, the object of which is and easily integrated into opera- The Orange boss said earlier to manipulate public opinion in Officials from QNB and Euromoney during the award ceremony. tions, too, given the flexibility and this week that the move was not Israel and the world,” the state- ease-of-use of Avaya’s systems, political, but his Cairo remarks ment said, slamming what it leveraging the Internet of Things came after the May 6 publica- called Richard’s “offensive state- QNB wins two Euromoney awards (IoT) and smart foundations. tion of a report accusing the ments, apologies and vague and At the exhibition, Avaya is telecoms giant of indirectly sup- evasive expressions”. demonstrating a number of solu- porting Jewish settlement activ- “Partner wishes to stress that DOHA: QNB has been awarded and continues the remarkable regional markets. The publica- tions that have already been ity through its relationship with we have to this day received no “The Best Bank in the Middle momentum delivered over recent tion continues to report on and implemented by customers as well Partner. official communication (from East” and “The Best Bank years. The Group’s domestic and champion market growth as well as those in conceptual and devel- Compiled by five mainly French Orange),” it said. in Qatar” by the renowned international growth is strength- as analysis on international cross opment stages. Together with NGOs and two trade unions, the “We demand direct dialogue international finance maga- ened by robust financial per- border capital markets. Mashreq, one of the UAE’s lead- report accused Partner of building with... Stephane Richard, who zine Euromoney. The prestig- formance. The Group recorded Since 1992 Euromoney, the ing financial institutions, Avaya is on confiscated Palestinian land, until now has avoided speaking ious awards were presented a net profit of QR2.7bn ($735m) world’s leading financial mar- demonstrating the ‘VTM’ (video and urged Orange to cut business directly with (this) company; at the Euromoney Awards for in the three months ended 31st kets magazine, has recognised teller machine), a video-enabled ties and publicly declare its desire inexplicable conduct in our Excellence Middle East 2015 March 2015. This represented an outstanding institutions in customer engagement kiosk to avoid contributing to the eco- eyes.” held recently in Dubai. increase of 10.1 percent compared finance. that is already implemented in nomic viability of the settlements. The spat follows a high-profile “The Best Bank in the Middle to the same period in 2014 and Such recognitions highlight the Dubai. Avaya is also showcas- The international community diplomatic row in December when East” Award is of distinct sig- demonstrates QNB’s ability to Group’s commitment to main- ing the healthcare environment regards all Israeli construction on lawmakers in France—which nificance, reflecting the ongoing generate strong revenue growth taining and further enhancing extended by the Habib Medical Palestinian land seized during the supports the European Union’s progress being made by QNB across a diverse range of busi- its position as a leading financial Group beyond the walls of their 1967 Six-Day War as illegal. opposition to settlement-build- Group across the MENA Region. ness income streams. Total Assets institution in the Mena region hospital. In a statement to AFP on ing—voted in favour of recognis- QNB was also recognised for increased by 9.4 percent to reach and One of the World’s Strongest Saturday, Richard reiterated that ing Palestine as a state. its domestic success with “The QR502bn ($137.8bn), the highest Banks. Entries invited Orange’s review of its ties with French Foreign Minister Best Bank in Qatar” award. This ever achieved by the Group. The Group now operates in Partner were not political. Laurent Fabius stepped in on marks the twelfth occasion that Euromoney is one of the most more than 27 countries across 3 for AI & Robotics “Orange does not support any Friday with an apparent bid to QNB has been given this accolade well esteemed industry experts on continents, with more than 14,500 form of boycott, in Israel or any- calm the row sparked by Orange’s by the international magazine. capital markets, investment, for- employees operating through Award for Good where else in the world,” Richard decision. The achievement is a nota- eign exchange and treasury, with more than 615 locations. said in an email. AFP ble milestone for the Group a deep focus on a number of key THE PENINSULA DUBAI: A $1m award, announced by the UAE to find innovative solutions in civilian application of robotics and arti- ficial intelligence (AI), will start accepting entries for the award Best Customer Service from June 7. This is the first edi- tion of the ‘UAE AI & Robotics Award for Good’, and it is open to individuals, teams, univer- Award for UNB sities and companies from the region and around the world. DOHA: UNB received the Best and quality products being intro- According to the Organising Customer Service Award in the duced by the bank which are being Committee of the award aims to UAE at the Banker Middle East appreciated and well accepted by encourage research and devel- Industry Awards held in Dubai. customers in the market.” The opment in artificial intelligence This recognition comes after string of awards received by UNB and robotics to meet challenges the Bank received four product are an affirmation of the robust in three key areas: health, edu- awards, from Banker Middle East policies and principles adopted cation and social services. While in March, winning Best Home by the Bank and a reflection of the winner in the International Finance, Best Customer Service - our commitment to the highest Competition of the award will Retail, Best SME Loan, and Best quality standards, and in line with take home $1m, the award also Deposit Scheme at the 2015 Banker the bank’s strategic objectives to features a National Competition Middle East Product Awards. deliver superior customer service”. offering Dh1m to the winner. The The award was received on behalf Every year through a combina- winners will be honoured at a spe- of UNB by Ahmed Kolthoum, SVP tion of reader votes and in-depth cial ceremony in February 2016 & Regional Head of Corporate analysis of financial statements, ahead of the fourth Government Banking, Sharjah & Northern Banker Middle East assesses finan- Summit in Dubai. Emirates at a glittering ceremony cial institutions in the region to cel- Submissions for the award will held at the Godolphin Ballroom, ebrate the best of the banking sector be accepted until November 1. Emirates Towers Hotel, Dubai. in the region. More than 200 nomi- Participants can register through Ahmed Kolthoum at UNB com- nees competed this year, mainly the Award website (www.robot- mented: “This is a great honour from the United Arab Emirates, icsforgood.ae) along with sub- for UNB. Winning the Banker Qatar, Saudi Arabia, Oman, Kuwait, missions of their videos and Middle East Industry awards Bahrain, Jordan and Lebanon. proposals. Officials with the award during the award ceremony. are a testament to the consistent THE PENINSULA THE PENINSULA MONDAY 8 JUNE 2015 20 www.thepeninsulaqatar.com BUSINESS
Govt to retain Special sauce missing in McDonald’s revamp 75pc stake in Implied volatility on company’s stock at its highest since 2008; CEO to reorganise leadership Kuwait Airways DUBAI: Kuwait’s government NEW YORK: McDonald’s biggest concern investors have on a monthly basis. Becca Hary, McDonald’s and its US franchise seek dividend returns, accord- has approved a new structure Corp’s turnaround plan is mak- about McDonald’s: its image. a spokeswoman for McDonald’s, owners has also become strained. ing to Hoyle. McDonald’s stock for the privatisation of Kuwait ing options traders grimace. “We question whether the cur- didn’t respond to a voicemail A survey of restaurant owners yields 3.5 percent, almost twice Airways under which the state Implied volatility on the com- rent turnaround plans are really message seeking comment on the conducted by Janney Capital the median cash return for the will own 75 percent of the car- pany’s stock is at its highest since enough and address the core options. Markets and published on April full S&P 500. rier, it said yesterday, exclud- 2008 versus an exchange-traded problems,” Hart, senior research The Oak Brook, Illinois-based 15 showed that the six-month The six-month implied volatil- ing potential investors such as fund tracking the Standard & analyst at Radnor, Pennsylvania- company is trying to stem an exo- outlook for the company was the ity spread between McDonald’s Jazeera Airways. Poor’s 500 Index, according to based Haverford, said by phone. dus of customers. It finds itself worst in the study’s history going shares and the SPDR S&P 500 Under the new proposal, data compiled by Bloomberg. The “The appeal of fat, salt and sugar sandwiched into a situation where back to 2003. ETF Trust rose to 5.78 percent on approved by Transport Minister increase signals rising demand for hasn’t gone away. This is a prob- diners are either seeking higher- They also rated their corpo- May 28, the highest since October Issa Al Kandari, 20 percent of the options used to protect against lem with the McDonald’s brand.” quality food at growing chains like rate ties poorly. Ninety percent 2008. Short interest in the com- airline’s shares will be offered to losses in the shares. Short inter- Hart’s colleague Tim Hoyle, Chipotle, or cheaper fare at tra- of the more than 14,000 US pany spiked to 0.51 percent of Kuwaiti citizens, five percent to est on McDonald’s is the highest director of research at Haverford, ditional rivals like Burger King McDonald’s restaurants are run shares outstanding on June 1, current and retired employees, since 2013. said that the firm has sold a “signif- and Wendy’s. by franchisees. Multiple respond- the most since November 2013, and the government will retain When Chief Executive Officer icant amount” of its McDonald’s “McDonald’s has a whole lot of ents indicated the situation was according to Markit Ltd. the rest, a statement on Kuwait’s Steve Easterbrook announced a shares over the last year. competition it needs to deal with,” the worst they’d ever seen, Mark “It’s a very mature company news agency (KUNA) website plan on May 4 that would reor- The stock has risen 2.4 percent Robert Pavlik, who helps oversee Kalinowski, a Janney analyst in that’s trying to reinvent itself, and said. ganise leadership, cut costs and in 2015. $9 billion as chief market strate- New York, wrote in the report. it’ll be very difficult for them to Parliament’s Financial and return cash to shareholders, McDonald’s is struggling to gist at Boston Private Wealth in Still, McDonald’s remains an change,” Pavlik of Boston Private Economic Committee will meet McDonald’s climbed 4.7 percent turn around its business after 11 Boston, said by phone. “My kids enticing stock for value- ori- Wealth said. “There are going to be to vote on the approved proposal in two weeks, only to fall back straight months of declining glo- don’t want to go there because it’s ented investors. Even though a lot of costs associated with trying before it is finalised. over the following 10 days. To Ben bal comparable-store sales. The just not that appealing and there it’s greatly pared its holdings in to turn around their business. They Previous proposals put govern- Hart of Haverford Investments, company said on May 27 that it are so many better options.” the company, Haverford has kept have a long, tough road to go.” ment’s stake at 20 to 40 percent the new plan failed to address the will stop reporting the measure The relationship between shares in portfolios designed to WP-BLOOMBERG and allowed strategic investors to own up to 35 percent. Kuwait’s parliament first approved a plan to privatise the loss-making Kuwait Airways Corp (KAC) in 2008, but the proc- Wal-Mart elects Greg ess has been repeatedly held up. Privatisation was initially delayed as the company planned to first restructure the airline. Penner as chairman Kuwait Airways agreed dur- ing 2014 to purchase 10 wide- FAYETTEVILLE, Arkansas: miles of a Wal-Mart store. body Boeing 777-300ER and 25 Wal-Mart announced that it The company has tumbled 15 new Airbus aircraft including elected Greg Penner, who will percent this year, falling an addi- the A320-neos and A350s, in an succeed Rob Walton, to become tional 1.5 percent on Friday, to attempt to launch new routes. the third chairman of the retail $73.03 a share. The acquisitions raised the mega-business built by the “I’m deeply honored to follow asset value to KD2bn ($6.61bn), Walton family. in his footsteps and recognize the the statement said. Walton, 70, had been chairman deep responsibility I have to our Kuwait’s low-cost carrier of the company for 23 years, and associates, all shareholders and Jazeera Airways on May 31 said before that, the role had been held the board,” Penner said. “I’ve it filed an interest to acquire 35 by the chain’s storied founder, admired this company since my percent stake in the state-owned Sam Walton. While Penner will first Saturday morning meeting carrier. be the first non-Walton to the more than two decades ago.” lead the company, he is still a Rob Walton announced his Algeria arrests member of the family. Penner, 45, retirement as chairman during is Rob Walton’s son-in-law. the company’s shareholders meet- importers, bank Penner has served in a vari- ing, an annual extravaganza that ety of positions at the big-box was hosted by Reese Witherspoon officials for graft chain, including as chief finan- and featured musical perform- cial officer of its Japan business. ances by Ricky Martin, Brian ALGIERS: Algerian authori- He is currently general partner McKnight, Mariah Carey, Rod ties have arrested 17 people of Madrone Capital Partners, an Stewart and a band of African including importers and bank investment firm and has been on drummers. Walton will continue officials as the country tightens Wal-Mart’s board since 2008. to serve on the board as a director. Master of Ceremonies for the Wal-Mart annual meeting, actress Reese Witherspoon (right) is presented with a control on imports and corrup- “We’re fortunate to have a Wal-Mart’s board has been pink Barbie car by Wal-Mart CEO Doug McMillon (left) at the annual meeting in Fayetteville, Arkansas. tion to help counter the effect leader of Greg’s capacity as our criticised for not being inde- of low world oil prices, a judicial new chairman. He knows Wal- pendent of the Walton family, forward by a member of the Our more relaxed dress code, more organised and putting more source and official media said Mart. He loves Wal-Mart. He’s which owns a controlling share Walmart activist group, which variety in the in-store music and attention on making sure floors yesterday. sharp as a tack and he was smart of the company’s stock, and the asked that the company give long- adjusting the temperature of the are mopped and restrooms are Security services are coor- enough to marry my daughter,” issue emerged again on Friday. term shareholders the right to stores, in hopes of making the clean, as well as trying to make dinating with Interpol, seeking Walton said. One shareholder proposal called nominate members of the board work environment more pleasant. sure shoppers can check out the arrest of other people based Penner takes the helm of Wal- for installing an independent of directors. In remarks explain- The moves followed the company’s quickly. abroad and suspected of member- Mart’s board at a time when chairman who has not previously ing the proposal, shareholder and previous announcement that it Chief executive Doug McMillon ship of a network that has vio- the world’s largest retailer is worked or done business with the Our Walmart member Cynthia would make a $1bn investment in reinforced a theme that has come lated laws on imports and money navigating sweeping industry company. The proposal failed, but Murray also called on Wal-Mart its workers by raising wages and up repeatedly during several days transfer, state radio said. changes. Wal-Mart is investing suggests that some shareholders to raise its minimum wage to $15. offering new training initiatives. of events near the company’s Opec member Algeria, feeling heavily in boosting its online would have preferred a chairman “That’s not pie in the sky and “By investing in you, you’re Northwest Arkansas headquar- the impact of the oil price slump, operation, an area where it has who did not have a history with we can afford it,” she said. “In going to be very quick to serve ters: Wal-Mart needs to deliver has been trying to cut import been outmaneuvered by Amazon. Wal-Mart. fact, we can’t not.” our customers,” Wal-Mart’s US better customer service. bills, which reached $58bn in 2014, It is pivoting its focus to smaller- Three proposals put forward by This comes as Wal-Mart exec- chief executive, Greg Foran, said. And he stressed a need to adapt almost the same level of energy format Neighborhood Market Wal-Mart were approved at the utives say they have a renewed Throughout the week, execu- to how technology is dramatically revenues in the North African stores as a way to penetrate meeting, including re-appointing commitment to engaging employ- tives for Wal-Mart’s US business changing shoppers’ preferences. Opec producer. dense, urban areas now that its 15 nominees to its board of direc- ees so they deliver better service stressed their focus on getting “I want us to stop talking Ten importers and four state supercenters saturate much of tors and ratifying Ernst & Young at Wal-Mart stores. stores to be “clean, fast and about physical and digital retail and private bank officials were the country. As the company fre- as its independent accountant. Earlier this week, Wal-Mart’s friendly” in time for the crucial as if they’re two separate things,” among 17 arrested in the western quently mentions, about 90 per- Several other shareholder pro- US leaders unveiled a series of holiday season. That will include McMillon said. city of Oran. cent of Americans live within 10 posals failed, including one put worker initiatives, including a trying to make the stores more WP-BLOOMBERG AGENCIES
Rubble-removing robot Italian steel Land of no return becomes frontier magnate arrested in Ilva case for Philippine mobile banking MILAN: Italy’s financial police MANILA: As a schoolgirl in data from the central bank and a bank account. That compares have arrested the former CEO Manila, Vilma Fetesio would telecom firms. with about a fifth in Malaysia of steel maker Ilva after he stand at the dock each month “It’s expensive to reach the and Thailand, according to the was extradited from Britain on with her brother and other unbanked, to know them, to World Bank. Most are poor farm- charges he committed crimes children, waiting for boatmen understand them, develop ers or live in remote parts of the against the environment and to bring them money from products for them,” said Pia 7,000-island archipelago. In their fraud at Europe’s biggest fac- their parents on other islands. Bernadette Roman-Tayag, head cash-based economy, many turn tory by output capacity. Sometimes, in rough weather, for inclusive finance advocacy to pawn brokers or loan sharks Fabio Riva was taken into cus- the boats didn’t come. at Bangko Sentral ng Pilipinas. who advance money against land tody late on Friday at Rome’s “We waited at the port the “Technology is narrowing that or jewelry and charge interest of Fiumicino airport where he whole afternoon, at times the cost.” up to 20 percent a month. arrived from London after being whole day,” said Fetesio, now There are no banks in more “It’s a huge market at the bot- extradited at the request of mag- 42 and a teacher back on her than a third of the country’s tom of the pyramid,” said Rob istrates in Milan and Taranto, native Culion island. “During 1,600 cities and municipalities, Nazal, chief development officer who are investigating the case, a the typhoon season when no from the mountainous Kibungan at BPI Globe BanKO Inc, or police statement said. boats sailed, some of us would go town north of Manila to the BanKO, which had more than one Ilva was put under special hungry.” Turtle Islands in the southern- million electronic bank accounts administration in 2013 after mag- Culion, a day’s journey across most province of Tawi-Tawi. In last year. “There are so many bar- istrates seized ¤8.1bn ($9bn) from the South China Sea from the contrast, the ratio of mobile SIM riers to traditional banking.” its owners — the Riva family — capital, once housed the world’s cards to the Philippine popula- The Philippines is seeking to amid allegations by prosecutors largest leper colony and was tion was 114 percent last year, replicate the success of models that toxic emissions at its main called “the land of no return.” It’s higher than the 95 percent global including M-PESA in Kenya plant in the southern Italian city one of 604 municipalities in the average. and bKash in Bangladesh. In the of Taranto caused abnormally Philippines that don’t have a bank, “If you go to the mountains, you Philippines, it’s the central bank high rates of cancer. a deficit the monetary authority is won’t find an armored truck,” said that’s leading the charge. Bangko Riva was first sought for trying to overcome by encourag- Lorenzo Tan, President of Bankers Sentral allowed banks and mobile arrest for conspiracy to commit ing the adoption of mobile phone Association of the Philippines, the services companies to offer crimes against the environment transactions. Reaching the 78 country’s largest group of lenders. mobile-banking accounts in 2009 in November 2012. That trial has The semi-autonomous robot operated by the team from Wosrcester million Filipinos who don’t yet use “The only way you can transfer and by 2014, there were 27 million yet to begin. In 2014 he received Polytechnic Institute and Carnegie Mello University clears a simulated their mobiles for payments may money is through your phone.” of them, more than half the 45 a second arrest warrant for com- pile of rubble during the Defence Advanced Research Projects Agency yield about $2bn in additional About 50 million Filipinos million traditional bank deposit mitting fraud against the state. Robotics Challenge at the Fairplex in Pomona, California. monthly transactions, according — almost three quarters of the accounts in the country. REUTERS to Bloomberg estimates based on adult population — don’t have WP-BLOOMBERG MONDAY 8 JUNE 2015 BUSINESS VIEWS www.thepeninsulaqatar.com 21
Centrism may be uninspiring On the economy, is Clinton but at least it’s right BY CLIVE CROOK prepared to take her stand?
BY DAN BALZ s it all over for centrism -- a failed and discredited doctrine? quarter. But for all the jobs added said she wanted to be a cham- Rhetorically, Clinton often Some people seem to think so. They’re mostly wrong, but I’m over the past five years, the econ- pion for the middle class. What has sounded like Sanders and a centrist, so I’ll try to meet them halfway. n a week, Hillary Rodham omy continues to grow slowly, and she has not done is offer an O’Malley and Sen. Elizabeth I Noah Smith recently reviewed some of the claims that cen- Clinton will take the next many Americans continue to say explanation of why Democratic Warren, D-Mass., who is cred- trism is busted. Straight away, it’s obvious that commentators mean step in her campaign for that they haven’t seen much ben- policies have failed to adequately ited with pushing populist different things by the term. Some, to my surprise, see it as kind Ipresident with a big rally efit. More than 7 in 10 Americans address the factors that contrib- themes into the national debate. of intellectual conspiracy; or conflate it with support for hardline in New York. Her aides say that say they remain worried about the ute to middle-class angst. In policy terms, Clinton has been fiscal conservatism and laissez- faire economics. For now, though, she will offer a fuller descrip- future direction of the economy, Sanders and O’Malley have holding back, but that time may let’s not be detained by definitional issues, and just say centrists tion of where she would take the according to the latest Washington argued that the administration be coming to an end. stand somewhere in the wide middle between self-identifying pro- country. On economic policies, Post-ABC News poll. has not been vigorous enough in Will she embrace the presi- gressives and committed conservatives. will she stand with President Clinton has said that the taking on entrenched economic dent’s policies, arguing that Commentators wishing to bury centrism seem to be making Barack Obama or apart from economy is not working for eve- power in behalf of workers. They they simply need a bit of tweak- three claims. First, opinion among economists has shifted left. him and closer to her populist ryone, that the deck is stacked also have said that officials have ing and some more time to Second, the center is fading as a political force. Third, no self- rivals on the left? against ordinary Americans and been negligent in not trying begin spreading benefits more respecting political thinker can any longer be a centrist. Let’s take The answer depends in part in favor of those with power, to bring some in the banking widely? Will she claim that these in turn. on how Clinton diagnoses the influence and financial wealth. community to justice for their the Republicans have blocked It’s true that academic economists lean left these days, and I state of the economy and on the In one form or another, she is contributions to the collapse of the Democrats’ policies from agree with Smith that, on average, they lean a bit further to left effect of the president’s policies. saying that, after more than six the financial system in the fall being fully realized and provide than they used to. Luminaries such as Larry Summers, a long- Friday’s employment report years with a Democratic admin- of 2008. Both call for significant evidence that she would have time exemplar of sophisticated centrist thinking, are voicing more showed an increase of 280,000 istration and despite the number increases in government spend- greater success than Obama in progressive themes. The academic consensus that trade liberaliza- jobs in May, the best this year. of jobs added, the economy still ing for infrastructure and other getting them implemented? Or tion is good is a lot more hedged than it used to be; the balance As White House officials noted, isn’t working the way it should. domestic initiatives. will she acknowledge implicitly of opinion has moved toward supporting higher minimum wages. the economy has added private Sen. Bernie Sanders, I-Vt., Sanders and O’Malley also or explicitly that the policies A shuffling of feet is also apparent at repositories of respect- sector jobs for 63 consecutive and former Maryland governor see the pending 12-nation haven’t worked by setting a dif- able opinion such as the International Monetary Fund and the months. In the past two years, Martin O’Malley have launched Trans-Pacific Partnership as ferent course? Organization for Economic Cooperation and Development. IMF more than 5.6 million jobs have their candidacies with a populist emblematic of the administra- Right now, the 2016 president officials, taking a moment from imposing crippling austerity on been added to the economy and critique of the economic status tion’s upside-down values when election appears to be headed Greece, have been making the case for fiscal stimulus and sug- 12.6 million since the consecu- quo. As they, like Clinton, aim it comes to workers. They have toward a stale rerun of the gesting that “living with high [public] debt merits consideration.” tive-months streak started. their toughest criticisms at come out against the agreement two-party economic debate of Capital controls used to be bad; now, sometimes, they aren’t. The The employment report pro- Republican policies, their eco- (which is still being negotiated) the last campaign. Republicans OECD, as I mentioned the other day, has been tipping its hat to vided a helpful offset to the nomic analyses also represent as being bad for American see Obama’s policies — spend- Thomas Piketty. recent report that showed the at least a partial rebuke of their workers. But that’s not so with ing, taxing and regulatory — as Even so, this shift is easily exaggerated. Some of the change is economy had contracted dur- own party’s policies. Clinton, who promoted a Pacific inhibiting growth. They see big more style than substance. And the idea that intellectual support ing the first quarter of the year, When she announced her trade deal as secretary of state. government as an obstacle and for laissez-faire economics has collapsed since the crash, or since because of severe winter weather candidacy in April, Clinton high- Until there is or isn’t an agree- would pare away at it size and the heyday of Ronald Reagan and Margaret Thatcher, suggests that and other factors. lighted the economic unease of ment, she is reserving judgment, reach. it used to be strong: In terms of head-count, it never was. In 1981, That may be just one bad many American families and keeping a foot in both camps. WASHINGTON POST 364 economists wrote a letter to the Times of London saying that Thatcherism would lead the country to ruin. Not that Thatcher, by the way, believed in laissez-faire economics. The more things change, the more they stay the same. That said, the crash and its aftermath do present new challenges. They ought to unsettle old thinking. So should persistently slow growth in middle incomes and rising inequality. But the need for a rethink certainly doesn’t demand wholesale conversion to the progressive agenda -- and wholesale conversion is not what’s hap- pening. The economic center is moving, a bit, but not far enough for me to see Summers as Treasury Secretary in an Elizabeth Warren administration. Which brings us to the second question: Is centrism over as a political force? It’s a commonplace that American politics is increas- ingly polarized, so in this sense the answer might be yes: There are precious few centrists among the politically engaged. But the wider electorate still has plenty of them, and successful candidates for office still need to bow to that fact. Progressives announcing the death of centrism may note that Hillary Clinton is tacking to the left. (Yes, Hillary Clinton: It’s a brave new world, comrades.) Let’s see which way she tacks if and when she’s anointed the Democratic nominee. I’m expecting something along the lines of, “The pundits like to slice and dice our country into red states and blue states. I’ve got news for them. This is the United States. [Wild applause.]” US progressives don’t just want to improve the country; they want to transform it. So do American conservatives. That’s the conversation true believers want to have with their respective candidates. Most of the electorate, though, is wary of politicians bearing transformation. Many of them are still cautious centrists -- and, in the end, they tend to get their way. Turning to the third claim, electoral realities notwithstanding, can any self-respecting political thinker any longer be a centrist? I’d say so. One is a willingness to examine trade-offs. True believers of right and left organize their ideas around the hope that there aren’t any. For progressives, “fairness” trumps everything; for conserva- tives, “freedom.” Balancing either against anything else is a moral violation -- but, as luck would have it, the need never arises. If you’re a progressive, you can raise tax rates without discouraging effort, and mandate higher wages without reducing the demand for labor. If you’re a conservative, you can cut taxes without harming essential public services, and roll back regulation without putting anybody at risk. Cartoon Arts International / The New York Times Syndicate BLOOMBERG
Where Uber and Amazon rule: Welcome to the world of platform BY EVGENY MOROZOV model, whereby customers engage punish those who misbehave. pocket, individuals can suddenly so many platforms are based in weren’t monopolies, they would directly with each other. With a Hardly a day goes by without do things that previously required Silicon Valley: the main peripher- never have so much cash to spend ardly a day goes by smartphone in their pocket, indi- some tech company proclaiming an array of institutions. als today are data, algorithms and on innovation. without some tech viduals can suddenly do things that it wants to reinvent itself as Such is the transformation server power. And this explains This, however, still doesn’t company proclaiming that previously required an array a platform. Back in March, when we are witnessing across many why so many renowned publishers address the question of just how Hthat it wants to rein- of institutions. South Korea banned Uber, the sectors of the economy: taxi would team up with Facebook to much power we should surrender vent itself as a platform. Back in Such is the transformation company promised to let local taxi companies used to transport pas- have their stories published there to these companies. A publishing March, when South Korea banned we are witnessing across many drivers use its platform – along sengers, but Uber just connects in a new feature called Instant industry ruled by Amazon and Uber, the company promised to sectors of the economy: taxi with its matching services. drivers with passengers. Hotels Articles. Most of them simply Facebook might produce lots of let local taxi drivers use its plat- companies used to transport pas- Facebook pulled a similar used to offer hospitality services; do not have the know-how and innovations – but is there any form – along with its matching sengers, but Uber just connects trick in early May: having run Airbnb just connects hosts with the infrastructure to be as nim- guarantee that it would actually services. drivers with passengers. Hotels into trouble with its pseudo- guests. And this list goes on: even ble, resourceful and impressive as produce any significant articles Facebook pulled a similar used to offer hospitality services; humanitarian effort to provide Amazon connects booksellers Facebook when it comes to pre- or books? trick in early May: having run Airbnb just connects hosts with free internet access via a project with buyers of used books. senting the right articles to the One sure way to keep the plat- into trouble with its pseudo- guests. And this list goes on: even called internet.org, it, too, prom- The differences from the old, right people at the right time – forms in check is to prevent them humanitarian effort to provide Amazon connects booksellers ised to turn it into a platform. pre-platform model are easy to and doing it faster than any other from appropriating all the adja- free internet access via a project with buyers of used books. Now, internet.org users, most spot. First, these companies have platform. cent peripherals. Making sure called internet.org, it, too, prom- The differences from the old, of them in the developing world, extraordinary valuations but Few industries could remain that we can move our reputation ised to turn it into a platform. pre-platform model are easy to could also enjoy free access to suspiciously light balance sheets: unaffected by the platform fever. – as well as our browsing history Now, internet.org users, most spot. First, these companies have apps other than those developed Uber doesn’t need to employ driv- The unspoken truth, though, is and a map of our social connec- of them in the developing world, extraordinary valuations but by Facebook. ers and Airbnb doesn’t need to that most of the current big-name tions – between platforms would could also enjoy free access to suspiciously light balance sheets: Some prominent critics even own houses. Second, instead of platforms are monopolies, riding be a good start. apps other than those developed Uber doesn’t need to employ driv- speak of “platform capitalism” – adhering to a precise and rigor- on the network effects of operat- It’s also important to treat by Facebook. ers and Airbnb doesn’t need to a broader transformation of how ous code that spells out the rights ing a service that becomes more other, more technical parts of Some prominent critics even own houses. Second, instead of goods and services are produced, of customers and the obligations valuable as more people join it. the emerging platform landscape speak of “platform capitalism” – adhering to a precise and rigor- shared and delivered. Instead of of service providers – the corner- This is why they can muster so – from services that can verify a broader transformation of how ous code that spells out the rights the tired conventional model, stone of the modern regulatory much power; Amazon is in con- our identity to new payment goods and services are produced, of customers and the obligations with individual firms competing state – platform operators rely stant power struggles with pub- systems to geolocational sensors shared and delivered. Instead of of service providers – the corner- for customers, we are witnessing on the widely distributed knowl- lishers – but there is no second – as actual infrastructure (and the tired conventional model, stone of the modern regulatory the emergence of a new, seem- edge of participants in a service, Amazon they can turn to. thus ensuring that everybody can with individual firms competing state – platform operators rely on ingly flatter and more participa- hoping that the market will Venture capitalists such as access it on the same, nondis- for customers, we are witnessing the widely distributed knowledge tory model, whereby customers eventually punish those who Peter Thiel want us to believe criminatory terms) is also badly the emergence of a new, seemingly of participants in a service, hoping engage directly with each other. misbehave. that this monopoly status is a fea- needed. flatter and more participatory that the market will eventually With a smartphone in their There’s a good reason why ture, not a bug: if these companies THE GUARDIAN MONDAY 8 JUNE 2015 22 www.thepeninsulaqatar.com MARKET
QE Indices Summary QE Index 11,981.98 0.91 % WORLD STOCK INDICES GOLD & SILVER EXCHANGE QE Total Return Index 18,620.62 0.91 % QE Al Rayan Islamic Index 4,592.7 0.76 % RATE QE All Share Index 3,202.72 0.83 % INDEX Day’s Close Pt Chg % Chg Year High Year Low QE All Share Banks & Financial 3,166.95 0.98 % Services GOLD Buying Selling QE All Share Industrials 3,857.68 1.93 % All Ordinaries 5588.327 -51.605 -0.91 5963.5 5248.5 QE All Share Transportation 2,482.96 0.19 % QR138.8620 US$ ...... QR 3.6305 QR 3.6500 QE All Share Real Estate 2,667.26 0.50 % Cac 40 Index/D 5045.07 40.61 0.81 5283.71 4076.16 SILVER UK ...... QR 5.5705 QR 5.6489 QE All Share Insurance 4,779.86 0.25 % Dj Indu Average 18011.94 -28.43 -0.16 18351.4 15855.12 Euro ...... QR 4.0964 QR 4.1533 QE All Share Telecoms 1,207.9 1.22 % QR 1.9295 QE All Share Consumer Goods & CA$ ...... QR 2.8996 QR 2.9565 7,255.67 0.40 % Services Hang Seng Inde/D 27657.47 190.75 0.69 28588.52 23312.5 Swiss Fr ...... QR 3.8829 QR 3.9386 QE Market Summary Comparison Iseq Overall/D 6215.8 45.51 0.74 6371.75 5072.7 Yen ...... QR 0.0297 QR 0.0297 Aus$ ...... QR 2.7949 QR 2.8498 Today Previous day Karachi 100 In/D 33908.62 13.28 0.04 35055.94 28648.23 CRUDE OIL 07-06-2015 04-06-2015 Ind Re ...... QR 0.0564 QR 0.0575 Index 11,981.98 12,092.25 Nikkei 225 Index 20473.51 -69.68 -0.34 20655.33 16592.57 Pak Re ...... QR 0.0354 QR 0.0361 Change 110.27 89.84 BRENT Peso ...... QR 0.0804 QR 0.0820 S&P 500 Index/D 0 0 0 2134.72 1820.66 % 0.91 0.74 $ 65.20 SL Re ...... QR 0.0269 QR 0.0275 YTD% 2.47 1.58 Straits Times/D 3349.84 9.09 0.27 3549.85 3267.89 Taka ...... QR 0.0463 QR 0.0473 Volume 8,589,817 13,571,185 DUBAI Nep Re ...... QR 0.0353 QR 0.0359 Value (QAR) 424,876,923.70 672,668,672.88 Straits Times/D 3290.99 -1.82 -0.06 3387.84 2953.01 SA Rand ...... QR 0.2926 QR 0.2985 Trades 4,608 6,116 $ 63.01 Up 09 | Down 27 | Unchanged 05 Straits Times/D 3274.06 -8.82 -0.27 3291.83 2953.01
QATAR EXCHANGE | DAILY TRADING REPORT | 07-06-2015
Cook is giving Pimco a run for its money in the bond market
NEW YORK: There’s a new banks, heavily reliant on offshore Apple, run by Tim Cook and to four people with knowledge of Investment-grade bonds interview. Oracle has $25.8bn whale in the corporate-bond debt markets, have sent repre- based in Cupertino, California, the deals. maturing in one to three years invested in corporate bonds, while market. Apple, Oracle and the sentatives to Reno, Nevada, where had $171.3bn of its cash and “I am sure asset managers returned 1.06 percent in the past Google has $11.5bn of the debt, other tech giants hoarding Apple’s money-management marketable securities in foreign like Vanguard and Pimco would 12 months, Bank of America according to their latest regula- half a trillion dollars in cash unit, Braeburn Capital, is based, subsidiaries and “generally based prefer Apple call them and have Merrill Lynch index data show. tory filings. have joined the ranks of the according to people with knowl- in US dollar- denominated hold- them manage the money rather That compares with 0.76 percent The degree to which the com- biggest buyers of the debt, often edge of the trips. Oracle’s cash ings” as of March 28, according to than competing with them,” said for US Treasuries with similar panies have been buying corporate snapping up as much as half of managers are also based in the a regulatory filing. Kevin McPartland, the head maturities. debt is raising concern that mar- some bond issues, according to city known for its casinos, where The trend is cutting into tra- of research for market struc- As competition intensifies for kets will weaken if they suddenly five people with knowledge of hotel rooms costing as little as $69 ditional investors’ access to new ture and technology at research bond allocations, tech compa- decide to do something else with the transactions. a night provide cheaper lodgings issues. firm Greenwich Associates in nies are increasingly approach- their cash. The companies are muscling than banker stops in New York, Getting allocations of corporate Stamford, Connecticut. ing other corporate borrowers to Companies including Apple, into a market traditionally domi- Boston and Newport Beach, bond deals is one of the easiest Agnes Crane, a spokeswoman anchor new bond sales, or buy the Google and pharmaceutical nated by big bond funds including California, where Pimco is based. ways for managers to outper- for Pimco, declined to comment, biggest chunks, in what’s known giant Pfizer have been lobbying Pacific Investment Management, Corporate treasurers looking form benchmark bond indexes as did Tara McDonnell at New as a reverse inquiry, the people Congress for two years to approve BlackRock, Vanguard Group and to invest record amounts of cash because they’re typically sold at a York-based BlackRock. said. They tend to get as much a repatriation holiday that would Fidelity Investments. They’re have increasingly turned to debt discount to market rates, accord- Josh Rosenstock, a spokes- of the debt as they want because allow them to transfer overseas homing in on one of asset man- markets in recent years as yields ing to Jason Shoup, the head of man for Apple, declined to com- underwriters know they typically profits to the US and pay a tax agers’ favourite ways to juice evaporated on safer investments US high-grade credit strategy ment, as did Deborah Hellinger, a will hold it to maturity, giving levy that is lower than the cur- returns, particularly as the such as US Treasuries. No indus- at Citigroup The bonds aren’t spokeswoman for Redwood City, borrowers confidence their deals rent rate. Rising interest rates Federal Reserve holds short-term try has amassed bigger piles of added to the indexes investors are California-based Oracle. will get done and maintain value also may prompt them to allocate interest rates near zero for a sev- cash than tech. measured against until the end of Apple, Oracle and their peers in secondary markets, according their cash to safer government enth year. Apple, Oracle, Google and seven each month. That can generate as have largely been buying invest- to two underwriters with knowl- debt, Citigroup’s Shoup said. “We treat them as we treat of their biggest peers now have in much as 0.2 percentage point of ment-grade securities maturing edge of the transactions. “I do worry that if the Fed Fidelity or Vanguard or any other excess of $500bn of cash and mar- additional gains for investors who in two to three years, according “There’s obviously a greater decides to hike and does so investor,” said Curt Zuber, treas- ketable securities, up more than get in early, Shoup said. to two of the people with knowl- pool of demand as a result of these against tepid inflation there will urer of Sydney-based Westpac three-fold since 2008, according Apple, which had $193.5bn of edge of the matter. Most of the big corporates playing in the US be a lot of other valid alternatives Banking, which has issued $6.1bn to data compiled by Bloomberg. cash and marketable securities as investments have been in finan- corporate bond market and that within fixed income other than of US dollar-denominated bonds The problem is much of it is stuck of March 28, is now one of the big- cial firms, the people said. They’ve helps to provide greater price ten- corporate credit,” he said. “They in the financial year started Oct. 1 overseas. Bringing it home would gest buyers of shorter-term debt also targeted the bonds of highly sion,” John Bennett, the general can buy mortgage securities or and a total of $22bn since October mean subjecting it to US repatria- sold by investment grade com- rated companies including Exxon manager of global fixed-income US Treasuries and be in a much 2012. tion taxes, so they invest it in the panies, often taking as much as Mobil , Merck & Co and Wal- sales at National Australia Bank more liquid market.” All four of Australia’s biggest bond market. $200m of a $1bn issue, according Mart Stores , they said. Ltd in Melbourne, said in a phone WP-BLOOMBERG MONDAY 8 JUNE 2015 SPORT www.thepeninsulaqatar.com 23 49ers’ Davis Tarmoh overcomes Felix departs over health fears
LOS ANGELES: San Francisco 49ers star Anthony Davis announced he was tak- as Farah flies back to US ing a prolonged break from the sport for health reasons on Friday, reigniting debate about Birmingham’s Diamond League marred by ‘drained’ Farah’s withdrawal concussion in the NFL. The talented 25-year-old offen- sive tackle said he planned to BIRMINGHAM, UK: take a “year or so” off to allow American Jeneba Tarmoh Diamongd League his “brain and body” time to heal. trumped running mate Allyson Results The announcement comes just Felix in the 200m at yesterday’s months after another 49ers star, Men’s 300m Diamond League meet marred 24-year-old Chris Borland, walked by the late withdrawal of 1. Wayde Van Niekerk (South Africa) 31.63 away from a lucrative multimil- Briton Mo Farah and five other 2. Chris Brown (Bahamas) 31.99 lion-dollar contract citing fears Olympic champions. 3. Delano Williams (Britain) 32.14 over the long-term impact of head A “drained” Farah skipped the Men’s 800m trauma. meet to jet back to his US train- 1. Nijel Amos (Botswana) 1:46.77 “After a few years of thought, ing base to confront coach Alberto I’ve decided it will be best for me 2. Adam Kszczot (Poland) 1:47.03 Salazar over allegations in a BBC to take a year or so away from the documentary that the latter had 3. Marcin Lewandowski (Poland) 1:47.45 NFL,” Davis, who was taken 11th encouraged athletes including Men’s 1500m overall in the 2010 draft, said in American training partner Galen 1. James Kiplagat Magut (Kenya) 3:37.61 a statement. Rupp to use illegal substances. 2. Hillary Cheruiyot Ngetich (Kenya) 3:38.42 “This will be a time for me to The 32-year-old Somalia-born 3. Vincent Kibet (Kenya) 3:38.60 allow my brain and body a chance Farah, the double Olympic, world to heal. I know many won’t under- Men’s 110m Hurdles and European champion over the stand my decision, that’s ok. 5,000 and 10,000 metres, was the 1. Orlando Ortega (Cuba) 13.20 “I hope you too have the cour- main draw for the Birmingham 2. Garfield Darien (France) 13.25 age to live your life how you meet, where he was due to race 3. Jeff Porter (US) 13.27 planned it when day dreaming to the 1500m. Men’s Triple Jump yourself growing up. But Farah, who had said at a 1. Christian Taylor (US) 17.40 “Your life is your dream and press conference on Saturday he you have the power to control that 2. Benjamin Compaore (France) 17.01 was “angry” his name had “been dream. I’m simply doing what’s dragged through the mud”, had 3. Tosin Oke (Nigeria) 16.71 best for my body as well as my no hesitation about withdrawing, Women’s 400m mental health at this time in my saying yesterday: “This week has 1. Stephanie McPherson (Jamaica) 52.14 life.” been very stressful and taken a 2. Geisa Aparecida Coutinho (Brazil) 52.59 Davis started every game of his lot out of me. 3. Anyika Onuora (Britain) 52.75 first four NFL seasons, but missed “I have not been able to focus nine games last year because of Botswana’s Nijel Amos (second left) approaches the line to win the men’s 800m during the IAAF Diamond Women’s 800m properly on today’s race and after League Birmingham Grand Prix at the Alexander Stadium in Birmingham, yesterday. injuries, including a concussion in the events of the last few days I 1. Eunice Jepkoech Sum (Kenya) 1:59.85 a November 16 game that left him feel emotionally and physically 2. Laura Muir (Britain) 2:00.42 with lingering symptoms. drained. representative from that trio. Birmingham to finish ahead of world indoor 60m silver medallist. 3. Joanna Jozwik (Poland) 2:00.74 But as symptoms remained in “I want to run well in the World And he did not disappoint, win- Frenchman Benjamin Compaore Stripped of star attraction Women’s 400m Hurdles December he told the San Jose Championships in Beijing and ning a scintillating long jump (17.01). Farah, the 1500m was won by 1. Kaliese Spencer (Jamaica) 54.45 Mercury News that it was “scary have decided it is better for me to competition with a best of 8.35m. “I had hoped for a little fur- Commonwealth champion James when your brain is not working 2. Cassandra Tate (U.S.) 54.73 go back to the US, seek answers Three-time former world ther,” said Taylor. Magut, the Kenyan kicking away how it’s supposed to.” to my questions and get back into champion Felix was the big “The world championships (in to clock 3:37.61, 40-year-old 3. Zuzana Hejnova (Czech Republic) 55.00 Davis’s announcement comes training,” he said, with no sug- favourite for the 200m, but was Beijing in August) are my main Kenyan-born American Bernard Women’s Pole Vault against a backdrop of concern gestion in the BBC documentary pipped by Rome winner Tarmoh, aim, so I will move towards them Lagat coming in eighth more than 1. Fabiana Murer (Brazil) 4.72 over concussion risks in playing that Farah had done anything both given 22.29sec, with Briton next, after another important win 4sec off the pace. 2. Mary Saxer (U.S.) 4.62 the NFL. wrong and Salazar having already Dina Asher-Smith in third at in the Diamond League.” Elsewhere, Croatia’s Sandra 2=. Anzhelika Sidorova (Russia) 4.62 A federal judge in April strongly denied all claims. 22.30. American Marvin Bracy Perkovic won the women’s dis- approved a settlement between Women’s Shot Put The track and field meet at Olympic champion Christian stormed to victory in the 100m cus with a best of 69.23m and the NFL and thousands of ex- Birmingham’s Alexander Stadium Taylor was in imperious form in in 9.93sec ahead of Briton Adam Jamaican Kaliese Spencer beat 1. Christina Schwanitz (Germany) 19.68 players who sued the league over had been billed as a revisit of the triple jump, having become Gemili, who fell to the track world champion Zuzana Hejnova 2. Cleopatra Borel (Trinidad and Tobago) concussions. the London Olympics’ “super only the fifth athlete to go clutching his hamstring after a of the Czech Republic in the 400m 18.80 Earlier this year, Borland, a Saturday” when Farah, Jessica beyond 18 metres when sailed vicious dip for the line to beat of hurdles. 3. Tia Brooks (U.S.) 18.67 24-year-old who led the 49ers in Ennis-Hall and Greg Rutherford out to 18.04m behind Cuban Mike Rodgers, both clocked at And Botswana’s Nijel Amos Women’s Discus Throw tackles as a rookie last season, all claimed gold for Britain. Pedro Pichardo (18.08) in Doha 9.97sec. won a tactical 800m missing 1. Sandra Perkovic (Croatia) 69.23 turned his back on a four-year Ennis-Hall joined Farah last month. “I went in thinking I could injured world record holder and deal worth nearly $3m because 2. Dani Samuels (Australia) 64.89 in pulling out, however, leav- The American, aided by a potentially win the race,” beamed Olympic champion David Rudisha of worry over long-term impact ing Rutherford as the sole tailwind, went out to 17.40m in the 21-year-old Bracy, the current in 1:46.77. AFP 3. Melina Robert-Michon (France) 63.23 of head trauma. AFP Lightning hit back to level final
NEW YORK: Jason Garrison “We were more aggressive of the series to put the visitors had just come out of the penalty slapped in the game-winner tonight. In Game One we sat back ahead 2-1. Tampa Bay fought back box for a slashing call. “I don’t in the third period as the a little bit,” Tampa Bay centre in an action-packed second period think I’ve ever done that before, Tampa Bay Lightning avoided Tyler Johnson told reporters. with Nikita Kucherov and Tyler but it happened,” Sharp said. another late collapse to beat “It’s a best-of-five series now. Johnson each beating Crawford to “We’ll move on from it. I take visiting Chicago 4-3 and even Chicago is a great team, it’s going grab a 3-2 lead. responsibility and apologise to our the Stanley Cup final at 1-1 on to be a battle.” Johnson had not scored in five penalty-killers for putting them Saturday. The series moves to Chicago for games for the Lightning but broke under such stress.” The Lightning, who let in two Game Three on Monday. out of his slump with his 13th goal The Blackhawks pushed third-period goals in a 2-1 loss The Blackhawks, who are seek- of the post-season to set a Tampa hard for another equaliser, but on Wednesday, did not panic this ing their third Stanley Cup title Bay record. this time Tampa Bay killed off time after the Blackhawks lev- in six seasons, appeared set to Brent Seabrook made it 3-3 for a power play and survived an elled at 3-3. take a 2-0 series lead home when the Blackhawks in the third on a extra Chicago attack in the Instead, Garrison capitalised they struck for two quick scores shot that saw Chicago’s Marian final minutes. Backup Lightning Chicago Blackhawks’ goalie Corey Crawford (50) gives up a goal to on a power-play chance with 11:11 in the second period to erase a Hossa shielding goaltender Ben goaltender Andrei Vasilevskiy Tampa Bay Lightning’s defenceman Jason Garrison (not pictured) in the remaining, his shot rebounding 1-0 deficit. Bishop, drawing complaints from ensured the victory by saving all third period in game two of the 2015 Stanley Cup final at Amalie Arena off the skate of Chicago’s Andrew Andrew Shaw netted the Tampa Bay. The winning goal was five shots he faced after replac- on Saturday. Desjardins and fooling goaltender first before 20-year-old Teuvo set up by a high-sticking penalty ing starter Ben Bishop late in the Corey Crawford. Teravainen had his second goal from Chicago’s Patrick Sharp who third. REUTERS Aussie Dellavedova steps into limelight for Irving OAKLAND, US: Australian great opportunity. It’s going to be talking with relatives. “It was no guard Matthew Dellavedova, tough but we’re going to be ready. big deal. I was just talking to my who couldn’t even catch the All-Star Irving had 23 points, family after the game,” he said. Matthew team bus after the NBA Finals seven rebounds, six assists, four “Yeah, just happened to miss the Dellavedova opener, has been thrust into steals and two blocked shots. bus. But it was all good.” the spotlight as the Cleveland So the Aussie has a mighty big Dellavedova filled in when of the Cavaliers’ replacement for to-do list, but NBA Most Valuable Irving missed two games in Cleveland injured Kyrie Irving. Player Steph Curry of Golden Cleveland’s Eastern Conference Cavaliers Just minutes after the Cavaliers State knows better than to over- final sweep of Atlanta and has arrives to take announced Irving had under- look him. the confidence of his teammates questions gone surgery Saturday to repair “Dellavedova has a different to do what they need to defeat the from the his fractured left kneecap and game than Kyrie. You have to Warriors. media on would be sidelined for about four know his strengths,” Curry said. “Oh yeah, plenty of confidence,” Saturday months, Dellavedova was relaxed “When he’s driving, it’s being said Cleveland’s Iman Shumpert. in Oakland, as he prepared to likely start able to stay disciplined and also “Delly is always looking to step up California. in Irving’s place against Golden stay tight on him because he’s a big for the team and do what he State and a potentially key role in knockdown shooter. If you get him has to do to get the win, so we’re second game of the best-of-seven easy looks... he can definitely kill definitely prepared for that.” series. you.” Having lost star big man Kevin “The first reaction is disap- But Dellavedova needed an Love in the first playoff round Golden State center Andrew “We know what he’s about,” important player to them. He pointment. You feel awful for Uber ride to the team hotel and Irving at times has helped Bogut, also an Aussie, said the Bogut said. “We know they’re brings a little bit of a different Kyrie,” Dellavedova said. “But Thursday after missing the team the Cavaliers unite in adversity, Warriors are well aware of what capable of winning games with dynamic, but we still need to be we’ve still got a job to do and a bus from the arena Thursday Dellavedova said. “ trouble Dellavedova poses. Delly starting. He’s a very prepared for him.” AFP MONDAY 8 JUNE 2015 24 www.thepeninsulaqatar.com SPORT Dravid pads up to shape Woods’ career-worst 85 future Indian cricketers
MUMBAI: Rahul Dravid (pic- cricketers, having been through tured) has been entrusted with myself, and I am just hoping that shaping the future of Indian ... I will probably be able to help steals spotlight in Dublin cricket and agreed in principle some of these young cricketers on to coach the country’s under-19 their journey. and A teams. “I don’t see this as any step- The Indian cricket board ping stone, I just see this as an Rose leads Memorial by three shots after scoring 66 (BCCI) last week named a three- opportunity to work with young member advisory committee com- players over the next few months, prised of former cricketers Sourav six weeks of an A tour and may DUBLIN, US: Tiger Woods’ Ganguly, Sachin Tendulkar and be six or seven weeks, with the staggeringly bad day stole the VVS Laxman but the absence of under-19 team.” spotlight on Saturday at the former captain and batting great With India widely known as Memorial, leaving England’s Dravid had surprised many. poor travellers, Dravid’s role will Justin Rose to seize the tourna- BCCI secretary Anurag Thakur be crucial. ment lead in relative obscurity. laid the concerns to rest by con- The new advisory panel has Rose signed for a six-under par Justin firming that the modalities of recommended increasing the 66 that gave him a 15-under total Rose of Dravid’s contract will be final- overseas trips of junior teams of 201 and a three-shot lead over England ised in the next and organising Italy’s Francesco Molinari and hits his tee few days. tours a year ear- Sweden’s David Lingmerth. “The good lier in countries shot on the But Woods’s career-worst 85, news is that where the senior 14th hole 13 over par, was the topic of con- Rahul Dravid has team would be versation as tournament host during the agreed to coach scheduled to play Jack Nicklaus reflected on the third round India A and a major tourna- round. of the India U-19 in the ment or series. “I’m not only surprised, I feel Memorial future,” Thakur “One of the very bad for him,” said Nicklaus, tournament told reporters in suggestions by whose 18 major titles have long presented Kolkata after a the legends was been the target chased by 14-time by meeting with the to increase the major champion Woods. Nationwide advisory commit- number of India “He has struggled healthwise. at Muirfield tee on Saturday. A tours overseas He has struggled with his short Village Golf The 42-year- so that we can game earlier in the year. He feels Club on old Dravid, who has over 13,000 give more and more exposure to like he’s coming back and then Saturday runs in Tests and close to 11,000 our A players and they can play does this,” he said of Woods. in Dublin, in the 50-over format, will start competitive cricket,” Thakur said. “I don’t have an answer for it, Ohio. by preparing the India A side for “In the past few years, the per- an explanation, I’m sure he prob- a home series against Australia formance of the Indian team was ably doesn’t either,” Nicklaus said. A and South Africa A in July and not up to the mark overseas, so Not surprisingly, Woods August. our focus would be on India A declined to discuss the debacle, Dravid said the role suited his tour overseas. capped by a quadruple bogey eight family life fine and he did not “For example, if we have to play at the 18th hole. see it as a platform to groom Champions Trophy in England, He had a three-round total of himself for the national team’s then India A must tour England 12-over 228, a tough week getting head coaching job which remains or nearby countries one year in even tougher as he put four balls vacant after the departure of advance.” in the water and had six bogeys Duncan Fletcher in March. The panel has also suggested and two double bogeys -- and just Pettersen leads Uribe by one shot “I think it is really exciting identifying a pool of 30 bowlers, one birdie -- before his quadruple because it has been an area I have comprising of 15 pacemen and the bogey at the last. NORTH CAROLINA: Suzann Manulife Scores the former world number two told always been interested in,” Dravid same number of spinners, to be It’s just the latest setback in a Pettersen saved par after a deft reporters. Whatever the outcome, told ESPNcricinfo of his new role. groomed for international cricket 197 Suzann Pettersen (NOR) 66-65-66 season that saw Woods post what bunker shot at the final hole her game is rounding into form “I feel it is a very important over a four-year cycle. was then a career-worst 82 at the to hold a one-stroke lead after 198 Mariajo Uribe (COL) 65-66-67 at an ideal time heading into a stage of development of a lot of REUTERS Phoenix Open in January, then the third round of the Manulife 199 Cristie Kerr 63-69-67 major next week, the KPMG take nine weeks off to work on LPGA Classic in Ontario on 201 Pernilla Lindberg (SWE) 66-67-68 Women’s PGA Championship in his game. Saturday. 202 Brittany Lang 65-68-69, Tseng Ya-Ni Westchester, New York. England must play with An encouraging top-20 return She carded a six-under-par 66 (TPE) 68-65-69, Katie Burnett 67-68- Uribe, the 2007 US Amateur at the Masters hasn’t proved to be on the Whistle Bear course in 67 champion, has not won an official a sign of things to come, although Cambridge to move within sight 203 Julieta Granada (PAR) 65-69-69, Ryu LPGA event and knows that only no fear, says Buttler Woods, playing just his fifth tour- of a 15th LPGA title and her first So-Yeon (KOR) 68-69-66, Kelly Tan a victory on Sunday will make nament of the season, insists he since 2013. (MAL) 70-67-66, Laetitia Beck (ISR) news back home. will stick to the swing changes But the 34-year-old Norwegian 64-69-70, Jacqui Concolino 71-64- “In Colombia they only follow LONDON: England must put De Villiers batted. This was a he’s implementing with instruc- will not be planning her victory 68 soccer really,” she said. “Top 10 is their dismal World Cup cam- moment in time when the game tor Chris Como. speech just yet, not with two 204 Lee Il-Hee (KOR) 66-72-66, Victoria not good enough for them. paign behind them and play with changed and we have to follow Nicklaus said he thought the classy players breathing down her Elizabeth 67-66-71 “I’m a pretty aggressive player, “freedom and no fear of failure” that lead. We don’t have any other 39-year-old superstar, who has neck on a course that is yielding so I didn’t have to change my when they take on New Zealand choice. slumped to 172nd in the world, heaps of birdies. start with birdies at the first strategy here. I feel really confi- in a five-match one-day series “We have to go out there with should rely less on outside advice Colombian Mariajo Uribe (67) three holes and she picked up all dent right now. My driver’s pretty this month, wicketkeeper-bats- that freedom and no fear of fail- and more on his own knowledge is just one stroke behind, while of her shots in the first 11 holes to straight.” man Jos Buttler said yesterday. ure and play the brand of cricket of his game. veteran American Cristie Kerr finish with a 19-under total of 197. Kerr, meanwhile, has won 17 England registered just two that is so accustomed to 50-over “He’s the only one who really (67) trails by two after draining “I got off to a fantastic start LPGA events, including a US wins from their six matches at cricket these days. The talent is knows what’s going on,” Nicklaus a 20-foot birdie putt from off the today, everything went my way Women’s Open, so she knows the World Cup, failing to progress there.” said, discussing the day in a tel- putting surface at the final hole. at the start (but) it kind of dried what it takes to get the job done. from Pool A and lagging well New Zealand finished runners- evision interview. AFP Pettersen got off to a rousing up a little bit towards the end,” REUTERS behind their rivals in terms of up to Australia at the World Cup, tactical approach. combining destructive, inventive The batsmen often played too batting with aggressive, economi- Tour Memorial Tiger Woods conservatively in a succession of cal bowling. reacts from sub-par scores and the bowlers In their Pool A encounter Scores the seventh were easy picking for inventive England were bowled out for a bunker batting sides like New Zealand, measly 123 before New Zealand, 201 Justin Rose (ENG) 68-67-66 during the Australia and Sri Lanka. led by McCullum’s swashbuckling 204 Francesco Molinari (ITA) 68-67-69, third round “You have to be brutally honest 77 from 25 balls, chased down the David Lingmerth (SWE) 67-65-72 of the and say we were getting it wrong,” target in 12.2 overs. 205 Jim Furyk 69-66-70 Memorial Buttler told reporters ahead of Buttler believes New Zealand’s the series. gung-ho style should be a source 206 Kevin Streelman 71-70-65, Brendon tournament at Muirfield “We almost had to play our of inspiration for England. Todd 67-68-71, Hideki Matsuyama Village Golf perfect game to win. It’s time to “We’ve seen another side do (JPN) 64-71-71, Andy Sullivan (ENG) Club on put the World Cup behind us. It this, so we can go in exactly the 70-64-72 Saturday. was very disappointing but we same direction as well,” added the 207 Jason Dufner 66-67-74, Thomas Aiken learned some key messages. wicketkeeper-batsman. (RSA) 69-68-70, Marc Leishman “We have to be looking at “It gives the new players a scores of 350 and upwards. That’s real eye opener as to what inter- (AUS) 69-67-71, Kevin Kisner 67-71, the way the game’s going. In a few national 50-over cricket is now Keegan Bradley 68-74-65 years we’ll look back at the World about. We want to win, but what- 208 Kevin Na 71-71-66, Steven Bowditch Cup and say it was a turning- ever happens it’ll be a great learn- (AUS) 69-71-68, Erik Compton 68-69- point in 50-over cricket. ing curve.” 71, Dustin Johnson 72-71-65, Patrick “The way (New Zealand’s) The first One Day International Reed 72-68-68 Brendon McCullum captained, is at Edbgaston tomorrow. the way (South Africa’s) AB REUTERS Cotto knocks out Aussie Geale to retain WBC title
NEW YORK: Puerto Rican sent the Aussie to the canvas for fight. Cotto, who was fighting champion Miguel Cotto domi- a second time. Geale got up but for the first time since almost nated from the opening bell to was obviously unable to continue a year ago when he beat Sergio retain his World Boxing Council and Dock saved him from further Martinez, wore down Geale with (WBC) middleweight world punishment. body shots through the first three title with a crushing victory The 34-year-old Cotto rounds. Miguel Cotto celebrates over Australia’s Daniel Geale on improved to 40-4 with 33 knock- Geale, 34, fell to 31-4 with 16 his 4th round knockout win Saturday. outs and the win now sets up a knockouts. The former world over Daniel Geale to retain Cotto knocked down Geale likely showdown with Mexico’s champion suffered his third his WBC middleweight twice in the fourth round before Saul “Canelo” Alvarez, possibly defeat in his last five fights. world title at the Barclays referee Harvey Dock stopped the later this year. Geale’s last foray to New York Center on Saturday in the bout at 1:28 of the fourth in front “Let’s do it,” Cotto said. “Before ended with a third-round knock- Brooklyn borough of New of a frenzied crowd of 12,100 at that, I want to spend some time out loss to hard-hitting Gennady York City. the Barclays Center in Brooklyn. with my family and enjoy them Golovkin at Madison Square Cotto landed a devastating again, but then it is back to LA Garden in Manhattan in July of left hook early in the fourth and and training for Canelo.” last year. then finished off the challenger Alvarez scored a third-round He rebounded with a 12-round soon after with a series of body knockout of James Kirkland in decision over Jarrod Fletcher in shots and a right to the head that last month’s super welterweight December. AFP MONDAY 8 JUNE 2015 SPORT www.thepeninsulaqatar.com 25 No rest as Barcelona eye more history Juventus stars called after second European treble up for Italy MILAN: Italy coach Antonio Conte has called up six Juventus Catalans aim to to become first team to defend Champions League title stars into a 28-man squad that will face Croatia in a Euro 2016 BERLIN: Luis Enrique says qualifier on Friday before host- Barcelona aim to become ing Portugal in Geneva four days the first team to defend the later. Champions League title as the Juventus were on the wrong head coach considers his future end of a 3-1 Champions League despite steering them to an his- final defeat to Barcelona on toric treble. Saturday in Berlin. Luis Suarez and Neymar It was Juve’s sixth defeat in scored second-half goals to give the final of Europe’s premier Barcelona a 3-1 Champions club competition, but goalkeeper League final victory over Juventus Gianluigi Buffon, defenders on Saturday as the Spaniards Leonardo Bonucci and Andrea became the first team to twice Barzagli, midfielders Andrea win the European treble. Pirlo and Claudio Marchisio and Enrique capped his first sea- striker Alessandro Matri will son as Barcelona’s head coach by be right back in the thick of the matching Pep Guardiola’s feat action as Italy go about taking from the 2008/09 season when the another step towards the 2016 Catalans captured the European, European championships. Spanish league and cup titles. Italy, second in Group H two An early goal by Barca’s Ivan points behind leaders Croatia, Rakitic was cancelled out when face Niko Kovac’s side on June Juventus’ ex-Real Madrid striker 12 at the Poljud stadium in Split Alvaro Morata equalised on 55 looking for their fourth win in five minutes. qualifying matches. But Suarez put the game A win for Croatia would see beyond the Italian champions Barcelona’s Lionel Messi celebrates with the trophy after the UEFA Champions League final at the Olympic Stadium in Berlin, Germany, on Sunday. them pull five points ahead of with a 68th minute strike off Barcelona won 3-1. RIGHT: Barcelona’s players throw coach Luis Enrique into the air after the UEFA Champions League final win against Juventus FC. Italy and leave Conte’s men in a rebound at Berlin’s Olympic danger of being overtaken by Stadium before Neymar added Norway, who are only two points the third with the last kick of the and fire crackers. “It’s a dream, I Juve got the equaliser they adrift ahead of their home game game in the 97th minute. still can’t believe it!” said Eduard had threatened when defender against Azerbaijan. Barcelona have now won five Ocana, a 23-year-old student, in Stephan Lichtsteiner’s cross Although Italy were set to European titles, four of which the Catalan capital, as cries of found Carlos Tevez, whose shot convene on Sunday afternoon came in the last decade after their “champions, champions!” echoed was parried by Barca goalkeeper for their first training session 2006, 2009 and 2011 triumphs. around the famous party street of Marc-Andre ter Stegen, only for since the end of the Serie A Enrique says their hunger for Las Ramblas. Morata to rifle home the loose season, Juve’s players have been silverware is insatiable and they For Suarez it was a trium- ball on 55 minutes. given “until 2030” to return to want to make more history by phant end to a first season with It was his first goal against the squad’s training complex at becoming the first team to win the Spanish champions after his Barcelona despite four years at Coverciano, according to a state- back-to-back Champions League ignominious biting ban at the the Bernabeu having left Madrid ment by the FIGC. titles. World Cup. last year. Juve’s stars should also receive “This is our 60th match (this “It’s incredible, it’s something The goal breathed life back a warm welcome: Conte is the season) with six defeats and four unique,” he said. into Juve’s ambitions, but it was former Juventus coach who draws,” said the 45-year-old. “The best thing about this side a touch of Messi magic which led steered the Turin giants to three “Those figures show that this is the spirit and the fact we’ve to the decisive goal. consecutive league titles before has been one of Barcelona’s best been united since the start of the The Argentina international quitting and being replaced by campaigns. season.” attacked the Juve defence with Massimiliano Allegri. “In the last ten years, this has In 2009 Barcelona joined a mazy run and although Buffon Conte, meanwhile, has made been the most successful club in the elite club of treble winners blocked his shot, Suarez fired several changes to the side that, Europe. that include Celtic, Ajax, PSV home the rebound on 68 minutes. thanks to Citadin Eder’s 84th “These players have shown Eindhoven, Manchester United, “Unfortunately when you play minute leveller, snatched a 2-2 hunger for victories and they’ve Inter Milan and Bayern Munich. against great players, you think draw away to Bulgaria in their shown they enjoy it so much, we Now, they are the first to have you have things under control, last Euro 2016 outing in March. have to nourish them with more done that twice. then they can turn the game, as Replacement goalkeeper titles.” Despite brief moments of happen tonight,” said Juventus Daniele Padelli of Torino replaces Enrique is yet to commit to a magic, Lionel Messi failed to coach Massimiliano Allegri. Genoa’s Mattia Perin to join second season ahead of the club’s become the first player to score “We’re sorry to have missed number one Buffon and Paris presidential elections as he has in three Champions League finals our chance, but I can’t criticise Saint Germain’s Salvator Sirigu. had a tense relationship with as he along with captain Andres the team.” In defence, Juve defender current incumbent Josep Maria Iniesta and Barca icon Xavi Xavi came on for his final game Giorgio Chiellini is out sus- Bartomeu. Hernandez -- in his final match in the Barca shirt in the dying pended but Conte has recalled “I want to celebrate the win, for the club -- equalled Dutch star stages as he made history with a Davide Astori, Matteo Darmian, but the time will come when Clarence Seedorf’s tally of four record 151st Champions League Mattia De Sciglio and Lorenzo De decisions must be made,” said winners’ medals. appearance before joining Qatari Silvestri. Enrique. Barcelona showed early nerves side Al Sadd next season. Juve midfielder Marchisio “It’s been a difficult year with with two uncustomary mistakes “To leave this way is amazing,” returns to the squad having lots of transition, but I have to in defence straight from kick-off said the Spain international, who missed Bulgaria through a late thank all those who have trusted before Rakitic gave the Catalan lost his place in the starting side injury knock, although AC Milan me to lead Barcelona.” giants the lead with just four min- to Rakitic this season. pair Luca Antontelli and Alessio Juventus suffered the unwanted utes gone. The scene was set for Neymar Cerci, and Mirko Valdifiori of fate of becoming the first team to Neymar fed Iniesta from the to cap his first Champions League Empoli have been left at home. lose six European Cup finals, 30 left wing and the Spain inter- final with Barcelona’s third just The only Italy squad debu- years after winning the trophy national squared for Rakitic before the final whistle. tant is Nicola Sansone, who joins for the first time which was over- to drill home from close range, Juventus hailed the achieve- Sassuolo teammate Simone Zaza shadowed by the Heysel Stadium past Juventus captain Gianluigi ment of Allegri in getting the among a competitive strike force disaster. Buffon. team to the final during his first that includes Antonio Candreva, On the streets of Barcelona, Juve came back into the game season in charge, and beating Stephan El Shaarawy, Manolo where you could have heard a midway through the first half, but 2014 winners Real Madrid in the Gabbiadini, Ciro Immobile, pin drop during the final, thou- Suarez forced Buffon, who failed semis. Matri, Graziano Pelle and Franco sands of ecstatic fans dressed in to claim a winners’ medal at the “You gave us a dream. Thanks, Barcelona’s Neymar celebrates with his son David Lucca da Silva Vazquez. their team colours of blue and red 12th attempt, into another save as mister,” said Juventus’ official Santos after winning the UEFA Champions League final. AFP celebrated with cheers, chants it finished 1-0 at the break. Twitter account. AFP Italy team for Euro 2016 qualifier Buffon aims to play until 40 to fulfil dreams against Croatia: BERLIN: Juventus’ evergreen hands and that’s exactly when the Italian team and now coach goalkeeper Gianluigi Buffon we lost it,” as Barcelona became at Sampdoria, was still playing Goalkeepers: Gianluigi Buffon says he is ready to keep play- the first side to win the treble for New England Revolution in (Juventus), Daniele Padelli (Torino), ing for another three seasons -- domestic league and Cup and the United States at 39. Juventus Salvatore Sirigu (Paris Saint Germain/FRA) to achieve some remaining the Champions League -- for the coach Massimiliano Allegri said “dreams” even though he will second time. “It would have been Buffon was part of a “fabulous Defenders: Davide Astori (Roma), Andrea then be past 40. an extraordinary result. team” because of their achieve- Barzagli (Juventus), Leonardo Bonucci Gianluigi (Juventus), Matteo Darmian (Torino), Buffon of Buffon suffered his second “We didn’t manage to win, but ment in winning the Italian dou- Mattia De Sciglio (AC Milan), Lorenzo De Juventus cel- Champions League final defeat not because we didn’t’ try: we ble and reaching the Champions as Barcelona beat Juventus 3-1 gave everything we had. League final. Silvestri (Sampdoria), Emiliano Moretti ebrates after on Saturday having previously “Barcelona are the best team “Of course I am sad because (Torino), Manuel Pasqual (Fiorentina), the equal- missed out on a winners medal in the world in my opinion, but you don’t play in a final every Andrea Ranocchia (Inter) iser during in the 2003 loss to AC Milan in we have proved that we could year, but at the same time the the UEFA Manchester. compete.” team gave everything,” said the Midfielders: Andrea Bertolacci (Genoa), Champions Buffon -- who enjoyed a more Asked about his own future, proud Allegri. Daniele De Rossi (Roma), Claudio League pleasant sensation when Italy Buffon, now 37, said he still “This season has been good Marchisio (Juventus), Marco Parolo (Lazio), final match won the World Cup in the same wanted to win a first Champions for our confidence and we mean Andrea Pirlo (Juventus), Roberto Soriano at Olympic stadium in 2006 -- put in an League title. to improve, not just in terms of (Sampdoria), Marco Verratti (Paris Saint Stadium oustanding performance but “I want three more years at results because that would mean Germain/FRA) in Berlin, could do nothing about the goals this level to reach a few more we win everything. Germany, on by Ivan Ratikic, Luis Suarez and dreams,” said the player who has “We want to consolidate and Strikers: Antonio Candreva (Lazio), Saturday. Neymar. also won six Italian titles. strengthen the team’s quali- Stephan El Shaarawy (AC Milan), Manolo Juventus fought back to 1-1 He could be the latest in a long ties. Our aim is to stay at the Gabbiadini (Napoli), Ciro Immobile thanks to Alvaro Morata’s sec- line of Italian goalkeepers with top in Europe. And the most (Borussia Dortmund/GER), Alessandro ond-half equaliser and Buffon longevity. Dino Zoff, another important is to win the Scudetto Matri (Juventus), Graziano Pelle said: “There was a moment, Juventus legend, played at the (Italian title). We were close in (Southampton/ENG), Nicola Sansone a ten-minute spell, when we 1982 World Cup when 40. Walter the Champions League, maybe we (Sassuolo), Franco Vazquez (Palermo), thought we had the match in our Zenga, a star at Inter Milan and can win next year.” AFP Simone Zaza (Sassuolo). MONDAY 8 JUNE 2015 26 www.thepeninsulaqatar.com SPORT
Republic of Ireland’s mid- Football is only fielder James McCarthy (second left) vies with England’s midfielder about winning, Jack Wilshere (left) and England’s striker says Mourinho Wayne Rooney during the international friendly LONDON: Jose Mourinho football match at Aviva believes football is only about Stadium in Dublin yester- winning and that managers who day. RIGHT: Barcelona’s favour a possession-dominated defender Gerard beautiful game and neglect Pique (left) and team- steely defense and lethal coun- mate Neymar da Silva ter-attacking are “stupid”. Santos Junior hold the Mourinho’s Chelsea were Champions League tro- described on numerous occa- phy as they are to leave sions last season as boring despite by bus the Grand Hyatt their relentless domination of the Hotel in Berlin yester- Premier League. day a day after winning The west London side finished the final match against eight points ahead of second- Juventus. placed Manchester City, lost only three league fixtures and boasted a goal difference of plus 41 -- sec- ond only to City. A new generation of manag- ers such as Liverpool’s Brendan England and Ireland draw a blank Rodgers and Everton’s Roberto Martinez have been hailed in recent seasons for playing styl- ish, attacking football. Two young newcomers score as Capello’s Russia rally to beat Belarus Purists argue that Arsenal play a more exciting brand of soccer and City score more goals but DUBLIN: England’s win- International Friendlies in the first half and when Jordan Mourinho will always be defined less run against neighbours Paris: Results of international football friendlies Henderson’s pass gave him a clear by winning. the Republic of Ireland was involving European teams played yesterday: run on goal early in the second, “When people talk about a new extended to six matches yes- his touch betrayed him. generation of coaches, what is the At Dublin terday following a torpid 0-0 The game began to open up a new generation? The generation Republic of Ireland 0 England 0 draw in a friendly game at bit though, with England goal- will always be the ones that win,” Dublin’s Aviva Stadium. At Moscow keeper Joe Hart ferrying a Robbie the Portuguese told The Sunday It was the first time England Russia 4 (Kokorin 20, Golovin 76, Brady free-kick around his near Times. had played in Dublin since riot- Miranchuk 83, Kerzhakov 90+2) Belarus 2 post and parrying from substi- “And the ones that win occa- ing far-right hooligans caused a (Kislyak 51, 66) tute Jon Walters at one end, and sionally or never win will always friendly in February 1995 to be Sterling shooting wide at the be something else.” abandoned after only 27 minutes, fans goaded their hosts, chant- other. Mourinho has made winning but while the reunion thankfully ing “Sepp Blatter, he paid for A gaggle of Irish substitutions his mantra. passed off without incident off the your ground!” in reference to early in the second half included Chelsea effectively won the title pitch, there was precious little to this week’s revelation that FIFA a debut for Bournemouth mid- in April with a 1-0 victory over stir the blood on it. paid the Football Association of fielder Arter, who replaced Glenn Manchester United despite the In the end, the game was chiefly Ireland five million euros after Whelan. Leicester City striker Blues enjoying just 30 percent notable for its debutants -- Jamie Thierry Henry’s handball took Vardy entered the fray with 16 possession. Vardy for England, Harry Arter France to the 2010 World Cup at minutes to play, replacing Rooney, Chelsea were untroubled by for Ireland -- but visiting man- Ireland’s expense. to complete a remarkable three- waves of United passes and clini- ager Roy Hodgson admitted it had A small number of home fans year ascent from non-league to cally carved them open with irre- been “way below” what his team whistled during ‘God Save the international football. sistible counter-attacking led by had hoped to achieve. Queen’, but it was Liverpool After Arter had drilled wide the effervescent Eden Hazard. “All credit to Ireland, they contract rebel Raheem Sterling, following a run from deep, In a goalless draw against caused us problems, particularly English football’s new Public England substitute Andros Arsenal at the Emirates Stadium with balls to the front players,” Enemy Number One, who bore Townsend took aim from dis- one week later Mourinho’s side he said. the brunt of their ire. tance, but Ireland goalkeeper were subjected to chants of ‘bor- “I think we needed this game Generally, though, the atmos- Shay Given, who had replaced ing boring Chelsea’ by the mass and this level of competition. phere was as flat as a pancake, Keiren Westwood, got down ranks of Gunners supporters. Going into the game against even after a moving pre-match well to keep the visitors with- But Mourinho, who has won Slovenia, there’s a lot of things moment when Jack Charlton -- out a win in Ireland since a 3-1 eight league titles, seven domes- we want to improve on.” the former England defender and friendly success in May 1964. tic cups, one UEFA cup and two Both teams will now switch Ireland manager -- was given a Meanwhile, Coach Fabio Champions Leagues has always their attentions to 2016 European standing ovation by the whole Capello’s Russia came from favoured substance over style. Championship qualifiers next ground. behind to beat Belarus 4-2 in a “What it is, is people who got weekend, when Ireland host England’s probings, generally friendly yesterday thanks to goals some idea, some philosophy, and Scotland in a key Group D fixture instigated by midfield anchor from two young newcomers. want to create something like ‘We and England take on Slovenia. Jack Wilshere, came to nought, Russia led through Alexander build very well from the back, we “It was exactly what we and it was Ireland who created Kokorin’s 20th-minute opener Belarus’ Aleksandr Hleb (left) fights for the ball with Russia’s Roman have a very good ball possession needed,” said Ireland manager what few chances there were in before two goals from Sergei Shirokov during their international friendly match at the Arena Khimki we don’t play counter-attack,’ the Martin O’Neill. the first half. Kislyak put Belarus ahead. stadium outside Moscow, yesterday. 52-year-old added. “Overall it was good for us Daryl Murphy jabbed fraction- Capello made six second-half “But if you don’t play coun- and from a physical viewpoint, it ally wide from Jeff Hendrick’s substitutions, bringing on some ter-attack then it’s because you couldn’t have been better timed.” flick-on, while David McGoldrick, well-known faces, but it was two Miranchuk put Russia ahead, with Hiddink trimmed his squad, the are stupid. Counter-attack is The Football Association had Murphy’s Ipswich Town team- 19-year-olds who changed the the Lokomotiv Moscow winger Dutch football association KNVB a fantastic item of football, an written to England’s 3,000 trav- mate, saw a shot deflected behind game once off the bench. firing in a low shot. Veteran said yesterday. ammunition that you have, and elling fans warning them not to by Gary Cahill. Midfielder Alexander Golovin, striker Alexander Kerzhakov Tjaronn Chery (FC Groningen), when you find your opponent repeat chants about Irish para- It was not until a minute before who is not even a regular for his added Russia’s fourth on a coun- Davy Propper (Vitesse Arnhem) unbalanced you have a fantastic military group the IRA that had half-time that England mustered club CSKA Moscow, equalized in terattack in stoppage time. and Joel Veltman of Ajax moment to score a goal. been aired during recent away an attempt at goal, Adam Lallana style on 77 minutes, controlling a Meanwhile, three players Amsterdam have been cut from “So I think people are creating games against Scotland and cutting in from the left and shoot- cross-field pass on his chest and have been dropped from the the 23-man squad for a match the (illusions) and it has influenced Italy. ing over. smashing a volley past goalkeeper Netherlands squad for their Euro Dutch really need to win to boost public opinion. But football will But it was with wit, rather England captain Wayne Alexander Gutor. 2016 qualifier against Latvia in their sagging qualification hopes. never change. Football is to win.” than viciousness, that England’s Rooney was a virtual bystander Six minutes later, Alexei Riga on Friday as coach Guus AGENCIES AFP Canada, Holland open Heavyweights Germany, World Cup with wins Brazil qualify unbeaten
EDMONTON, CANADA: described Sinclair as an slotted the penalty home to the WELLINGTON: Tournament Christine Sinclair’s contro- “inspiration.” delight of the crowd. heavyweights Germany and versial late penalty got hosts “She’s our captain, no doubt Herdman, however, claimed Brazil maintained their Canada off to a winning start at about it. And there was no doubt that China seemed to be playing unbeaten records to qualify for the Women’s World Cup yester- in my mind that she was going to for a draw, with goalkeeper Wang the Round of 16 at the FIFA Ri Kyong Jin of day with a 1-0 win over China, put it away. jeered several times by the crowd Under-20 World Cup in New North Korea DPR as the Netherlands beat New “She’s one of the best strikers as she appeared to take her time Zealand as pool play ended (left) vies for the Zealand by the same scoreline. in the world, if not the best. over goal-kicks. yesterday. ball with Marcos The Group A doubleheader in “It was just an amazing atmos- “The Chinese came for a draw Nigeria and Uzbekistan also Guilherme of Edmonton kicked off four weeks phere out there today and to and were killing time in the first qualified as Groups E and F Brazil during of football across Canada and kick off the World Cup in front 20 minutes of the game,” said completed their matches while the FIFA U-20 was preceded by an opening cer- of 50,000-plus fans is just some- Herdman. Hungary, who were beaten by World Cup 2015 emony in front of a packed and thing else.” China’s coach Hao Wei refused Nigeria, still sneak through as group F match passionate crowd of 53,038 at the Canada, the Olympic bronze to be drawn on that or the harsh one of the best third-placed sides. in Christchurch, Commonwealth Stadium. medallists, had been desperate for penalty. Germany and Brazil joined And the party atmosphere all three points to set themselves “It’s a real pity,” said Hao. Portugal, who confirmed their New Zealand, amid a sea of red and white flags up as challengers at their home “But we’re here to play the qualification on Saturday, as the yesterday. was complete when 31-year-old tournament. game. We respect the referee’s only teams with a 100 percent win Sinclair stepped up two minutes For the young Chinese team, judgement. Whether it was a record after their opening three into added time to slot in a pen- nicknamed The Steel Roses, it foul or not we’ll have to watch matches. alty awarded for a foul on substi- was a first defeat in their open- the video replay. European champions Germany tute Adriana Leon by Zhao Rong ing match of a World Cup. “I think within two days we knocked Honduras out of the in the box. The hosts started strongly. will be able to regroup mentally tournament with a 5-1 result of their clash. But the mood in the next round when a 3-0 It was Canada captain Sinclair’s Central defender Kadeisha to be able to challenge in our next that ensured Senegal would go changed once Julian Brandt win over Fiji, coupled with the 154th goal in 224 internationals. Buchanan had two early shots games. I have no doubt about through as one of the best third- regained the lead for Germany Honduran loss, saw them leap “Only one woman in the world at the back post but both were that.” placed sides, ending a nerve- when he latched on to a through from bottom to second in Group could step up like that in the 90th blocked by goalie Wang Fei, with In Saturday’s second game, racking 24-hour wait for the West ball from Stendera. F. Fiji, who upset Honduras ear- minute and write that script,” said her Canadian opposite Erin Lieke Martens gave the Dutch Africans. Although Germany were not lier in the tournament, put up Canada coach John Herdman. McLeod then blocking a shot by newcomers their first World A Marc Stendera penalty for playing at their best they pulled stout resistance for 60 minutes “I’m glad we could sneak a win. Yasha Gu, with a Wang Lisi effort Cup goal that condemned New Germany, matched by a header away in the second half with before Eldor Shomurodov and We have the three points and are hitting the post. Zealand to a 10th defeat in as off the post and into the net by further goals by Hany Mukhtar, Zabikhillo Urinboev both scored on the road.” But just as the match seemed many games spanning three edi- Honduras star Bryan Rochez, Grischa Proemel and Niklas in a 60-second burst. Mirjamol Midfielder Sophie Schmidt, certain to end in stalemate, Zhao tions of the tournament. kept the Central Americans in Stark. Kosimov rounded off the scoring voted player of the match, fouled sub Leon and Sinclair AFP the hunt for the first 30 minutes Uzbekistan booked their place just before full-time. AFP MONDAY 8 JUNE 2015 SPORT www.thepeninsulaqatar.com 27 Leaving Barcelona tough Warner siphoned off S. Africa’s ‘legacy’ for record-breaking Xavi millions: BBC report
LONDON: Disgraced former “He [Mr Warner] must face FIFA Vice-President Jack justice, he must answer all of He is leaving us with an important legacy, says Pique Warner pocketed a $10m pay- these questions. Justice has to be ment made by South Africa served,” he told the BBC. BERLIN: Record-breaker Xavi because he’s had a lot of criticism, through football’s world body, “He will have to account, with Hernandez says it will be tough but he’s been a great leader for the BBC reported yesterday. this investigation, he will have to leave Barcelona after lifting the side. The best thing for next Citing papers it has seen, to answer for his actions,” added the Champions League trophy year is for Luis Enrique to stay,” the BBC said the 72-year-old Sancho, who played in all three on his final appearance in the said Xavi. Trinidadian laundered money of Trinidad’s matches at the 2006 famous strip. Defender Gerard Pique said through a supermarket chain, World Cup finals. The 35-year-old came on in the that Xavi was part of a “unique made cash withdrawals, paid off “I’m devastated because a lot 78th minute to set a new record generation” at Barcelona that his credit cards and took personal of that money should have been of 151 Champions League appear- has overcome seasons with- loans from the sum. back in football, back in the devel- ances in Barcelona’s 3-1 win over out a trophy as well as enjoyed US investigators suspect the opment of children playing the Juventus in the final in Berlin triumphs. $10m was a bribe intended to sport,” said Sancho. “It is a trav- which was the fourth time he had “Xavi deserves everything,” said secure votes so that South Africa esty. Mr Warner should answer won European club football’s most Pique. hosted the 2010 World Cup. the questions.” prestigious trophy. “He is leaving us with an impor- South Africa says the money, Warner has proclaimed his Having started at the Catalan tant legacy: how to play football paid in 2008, was intended to innocence since being arrested giants as an 11-year-old, Xavi and take on victory and defeat. He pay for football development on May 29 at the request of US will join Qatari side Al Sadd next will always be with us.” for the African diaspora in the authorities who have sought season. This was the fifth time Caribbean, where Warner was the charges against 14 top football He admitted that leaving Barcelona have been crowned longtime football baron. Warner officials and sports marketing Barcelona will hit him hard hav- European champions and it is has also denied any corruption. executives. ing won his 25th title with the their fourth Champions League In three transactions — on The former Trinidadian secu- club. title in the last decade after their January 4, February 1 and March rity minister is currently free on The final took a dramatic turn 2006, 2009 and 2011 triumphs. 10 2008 — funds totalling $10m bail of $400,000 bail pending a when an early goal by Barca’s “I’m lost for words. It’s spec- were moved from FIFA’s bank decision in his extradition case. Ivan Rakitic was cancelled out by tacular to win three trophies in a into an account of Confederation Warner — still a powerful Juventus’ ex-Real Madrid striker season once again,” said Barcelona of North, Central American and member of parliament in Trinidad Alvaro Morata with the equaliser captain Andreas Iniesta, who was Caribbean Association Football and Tobago — has taken out paid on 55 minutes. replaced by Xavi, and was part (CONCACAF) which was control- advertisements in the Trinidadian But Xavi says Barcelona’s of the 2009 treble-winning team. led by Warner, then its’ President. media, published articles in local superstar Lionel Messi made the “I think there’s not enough The BBC said JTA newspapers and held rallies with difference as his brilliant run led words to express how proud we Supermarkets, a large chain in his Independent Liberal Party to to Luis Suarez making it 2-1 to are. Trinidad, received $4.86m. defend himself. the Spaniards in the second-half “Both trebles are special. The The money was paid in instal- The South African payment is before Neymar scored their third first time you think you’ll never ments from January 2008 to a central part of a US case that at the death. do it again, and yet we have. It’s March 2009. The largest payment FIFA officials took bribes totalling “To leave this way is amazing, a proud day for Barca. was $1,350,000 paid in February $150m over two decades. but I have a bit of nostalgia think- “We want to do it all again next 2008. The US indictment alleged that ing I’m never going to play for this year and win a sixth title. US prosecutors say the money bundles of cash in a briefcase were side again and I really wanted to “You can never rest on what we was mostly paid back to Mr handed over at a Paris hotel as a lift the cup,” said Xavi, who lost have achieved. Warner in local currency. bribe by a “high-ranking South his place in the starting side to “At a club like this, we have to The documents also show African bid committee official”. Rakitic this season. look for the next challenge. $360,000 of the FIFA money was South Africa has strongly “We suffered a lot, because “But right at the moment, I just withdrawn by people connected denied that it paid bribes to secure Juve put pressure on us, but Leo want to enjoy winning this fifth to Mr Warner. Nearly $1.6m was the 2010 World Cup — the first [Messi] popped up again. title for the club.” used to pay Warner’s credit cards hosted in Africa and a key plank “The side is sensational and Having handed over his arm- and personal loans. of Sepp Blatter’s pledges when he Messi is outrageous.” band to Xavi and the privilege of The documents show the larg- took over as FIFA President in Xavi said the best thing for being the first to lift the trophy, est personal loan Mr Warner pro- 1998. “We as a government and Barcelona now is for Luis Enrique Iniesta said it was only fitting for vided for himself was $410,000. people managing the resources of to stay on with the head coach the club veteran to bow out on The largest credit card payment the South African people — we did having left his future open, the big stage. was $87,000. not share part of your resources despite winning the treble of “It is perfect for him and the Barcelona’s midfielder Xavi Hernandez gestures from the bus parading Brent Sancho, Trinidad’s with criminals, I am saying it now European, cup and league titles club. There is no better send- through the streets of Barcelona yesterday to celebrate the Catalans’ Sports Minister and a former and forever,” South African sports in his debut season. off than lifting the Champions UEFA Champions League title triumph. international footballer, was minister Fikile Mbalula had said “Luis Enrique deserves this League,” said Iniesta. AFP appalled by the revelations. on May 28. AFP Hamilton wins in Canada to end Rosberg’s revival
MONTREAL: Defending world McLaren’s fuel consumption champion Lewis Hamilton problems. Canadian Grand bounced back and increased his Told on the radio to conserve lead in the drivers world cham- fuel, he snapped back: “I don’t Prix Results pionship yesterday when he want to... I don’t want to... I drove to a well-measured victory already have big problems... We Results from the Canadian Formula One ahead of Mercedes team-mate look like amateur... I will race and Grand Prix in Montreal yesterday: Nico Rosberg in the Canadian then concentrate on the fuel.” Grand Prix. Raikkonen spun on lap 28, gift- 1. Lewis Hamilton (GBR/Mercedes) 1hr The two-time champion made ing third to Bottas, and a lap later 31min 53.145sec, 2. Nico Rosberg (GER/ the most of the 44th pole posi- Hamilton pitted for new tyres. Mercedes) at 2.285s, 3. Valtteri Bottas tion of his career to lead from After a 2.8 seconds stop, he was (FIN/Williams) 40.666, 4. Kimi Raikkonen the lights to the chequered flag, out behind Rosberg who pitted in finishing the 70 laps contest at 2.6 on lap 30 and re-joined second. (FIN/Ferrari) 45.625, 5. Sebastian the Circuit Gilles Villeneuve 2.2 The two Mercedes men were in Vettel (GER/Ferrari) 49.903, 6. Felipe seconds clear of the 29-year-old a race of their own, but Rosberg Massa (BRA/Williams) 56.381, 7. Pastor German. had no intention of settling for Maldonado (VEN/Lotus) 1:06.664, 8. His victory ended Rosberg’s second and closed the gap to Nico Hülkenberg (GER/Force India) 1 lap, run of two wins and confirmed less than two seconds. By half- his own full recovery from the distance in the 70-lap contest, 9. Daniil Kvyat (RUS/Red Bull) 1 lap, 10. disappointment of the Mercedes Hamilton enlarged the advantage Romain Grosjean (FRA/Lotus) 1 lap, 11. pit-stop fiasco in Monaco, where to 2.3 seconds again. Sergio Perez (MEX/Force India) 1 lap, Hamilton was deprived of a near- Hamilton maintained a 1.2 12. Carlos Sainz Jr (ESP/Toro Rosso) 1 certain victory in the closing laps. German Formula One driver Nico seconds lead on Rosberg as the lap, 13. Daniel Ricciardo (AUS/Red Bull) It was Hamilton’s fourth win in pair were warned about fuel and Rosberg of Mercedes AMG GP 1 lap, 14. Marcus Ericsson (SWE/Sauber Canada, his fourth win this year sits in his car before the Canadian brakes with 23 laps remaining. By AG) 1 lap, 15. Max Verstappen (NED/ and the 37th win of his career, Grand Prix at the Gille Villeneuve lap 50, the gap was 1.6 with Bottas lifting him 17 points clear of Circuit in Montreal. third, 23 seconds adrift. Toro Rosso) 1 lap, 16. Felipe Nasr (BRA/ Rosberg in the title race with 151 The relative serenity of pro- Sauber AG) 2 laps, 17. Will Stevens (GBR/ points to the German’s 134. On a mild and dry afternoon ceedings was interrupted when Marussia) 4 laps “Did I need this (after Monaco)? Hamilton oozed confidence Grosjean collided with Briton Will Yes, I think I did,” said Hamilton, and revelled in the pre-race Stevens of Manor Marussia, as he Retirements adding: “I love Montreal, I love ‘Hollywood’ build-up with screen lapped him going into the chicane. this track and love this city. And stars Michael Douglas and Al The Frenchman’s car suffered a Fernando Alonso (ESP/McLaren): 45th lap, it really feels good to be back on Pacino in attendance. puncture while Stevens front Jenson Button (GBR/McLaren): 55th lap, the top step again” Before the start, he thanked his wing was damaged. Roberto Merhi (ESP/Marussia): 58th lap Rosberg was unable to mount Mercedes team for “all the hard “He hit me, he hit me!” said a serious challenge as he came work this weekend putting the Grosjean, who pitted immediately. World Championship Standings home second ahead of Finns car back together again,” a refer- The stewards investigated and Valtteri Bottas of Williams and ence to his crash in Friday’s rain. the French drivers was handed a 1. Lewis Hamilton (GBR) 151.0pts, 2. Kimi Raikkonen of Ferrari. Knowing Mercedes had never five seconds penalty. “Where does Nico Rosberg (GER) 134.0, 3. Sebastian Four-time champion Sebastian won at this track and that pole he want me to go?” said Stevens. Vettel finished fifth after surging position had led to victory only “Off the track? He does that all Vettel (GER) 108.0, 4. Kimi Raikkonen through the field from 18th on the five times in the previous 14 races, the time...” (FIN) 72.0, 5. Valtteri Bottas (FIN) 57.0, grid in the second Ferrari. Hamilton made light of all expec- Recovering from his early dif- 6. Felipe Massa (BRA) 47.0, 7. Daniel Brazilian Felipe Massa finished tations and worries when the ficulties, Vettel surged through Ricciardo (AUS) 35.0, 8. Daniil Kvyat (RUS) sixth in the second Williams after lights went out. the field and showing his Ferrari’s 19.0, 9. Romain Grosjean (FRA) 17.0, 10. another strong drive ahead of By lap 10, he was 3.7 seconds speed he flew past Maldonado for Venezuelan Pastor Maldonado clear and controlling the race fifth behind Raikkonen with 12 Felipe Nasr (BRA) 16.0, 11. Sergio Perez who completed his first race of while, at the back, Vettel fought laps to go, his 13th place gained (MEX) 11.0, 12. Nico Hülkenberg (GER) the season in seventh for Lotus. to find a way through from 18th in the race. 10.0, 13. Carlos Sainz Jr (ESP) 9.0, 14. Mercedes AMG Petronas British driver Lewis Hamilton holds up The race proved disastrous for in his Ferrari and Button chose By then, the leading duo were Max Verstappen (NED) 6.0, 15. Pastor the trophy on the podium at the Circuit Gilles Villeneuve in Montreal McLaren with both their cars to take his drive-through penalty 28 seconds clear of Bottas and set Maldonado (VEN) 6.0, 16. Marcus Ericsson yesterday, after winning the Canadian Formula One Grand Prix. driven by Fernando Alonso and almost immediately. for a duel in the final laps to the Jenson Button failing to finish. Alonso was left frustrated by flag. AFP (SWE) 5.0, 17. Jenson Button (GBR) 4.0 Monday 8 June 2015 21 Shaaban 1436 Volume 20 Number 6455 Sport Price: QR2 Most Popular Bangladeshi Newspaper Tiger shoots New European career-worst champions eye PROTHOM ALO WEEKLY Published every Thursday round of 85 more history Available in all leading stores in Qatar Tel: 4465 0600 Email: [email protected] Sport | 24 Sport | 25
www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 44557741 | Advertising: 44557837 / 44557780 World No. 1 vows to solve Wawrinka dashes Djokovic riddle of clay PARIS: Novak Djokovic saw his dreams of becoming just the eighth man to claim a career Grand Slam shattered again at the French Open, but vowed to dream to win French Open eventually secure an elusive title on the Paris clay. The world number one was the overwhelming favourite to beat Spirited Swiss becomes oldest winner at Roland Garros in 25 years Stan Wawrinka, just as he had done in 17 of 20 previous clashes. PARIS: Stan Wawrinka spec- But the 28-year-old Serb’s 11th tacularly shattered Novak visit to Paris ended in an all too Djokovic’s dream of a career familiar story as a 6-4, 4-6, 6-4, Grand Slam yesterday when he 6-3 loss also put an end to becom- became the oldest winner of the ing just the third man to complete French Open in 25 years. a calendar Grand Slam. The 30-year-old Swiss claimed It was Djokovic’s third defeat a famous 4-6, 6-4, 6-3, 6-4 victory in the last four finals, leaving his to secure his second career major record in championship matches after the 2014 Australian Open. at the majors at eight wins and It ended world number one eight losses. Djokovic’s bid to become only the “I’m proud of the fight that I put eighth man to secure a career into this match. It wasn’t to be,” Slam as he slumped to his third said Djokovic whose Grand Slam defeat in a Roland Garros final in tally remains at five Australian four years. Opens, two Wimbledon titles and Wawrinka became the oldest a single triumph at the US Open. champion in Paris since Andres Djokovic was in tears on the Gomez in 1990 after just his presentation podium as the fourth win in 21 meetings against 15,000-capacity crowd inside the Serb. Serbia’s Novak Djokovic reacts after losing the French Open final in Court Philippe Chatrier afforded “It’s really hard to believe but Paris yesterday. him a lengthy standing ovation. it has finally happened,” said “It gives me even more motiva- Wawrinka, who fired 60 winners saved two set points in the 10th break opportunities in the second tion to come back and keep on past the Serb. game — one after a botched fore- game of the third set. trying. It wasn’t easy to stand “It was the match of my life. hand put-away by Djokovic — He dropped serve again to trail there as a runner-up again, but I But bravo to Novak, it’s a great and then carved out a first break 4-2 and when he carved out a lost to a better player who played challenge, the biggest one to play opportunity. break point in the next game it some courageous tennis and him.” That was swiftly saved and the was his first such morsel since the deserved to win.” “It’s a special moment for me.” Serb gobbled up the opener after seventh game of the opener. Djokovic is not the only Grand Sunday’s shock defeat, mean- 43 minutes, celebrating with a It was no surprise when Slam title winner to have come while, was only Djokovic’s third mighty, arena-shaking roar. Wawrinka wrapped up the set up short on the crushed red brick in 44 outings in 2015 and ended Wawrinka cranked up the fore- in the ninth game with Djokovic surface of Roland Garros. his 28-match win streak. hand winners early in the second having no answer to his oppo- Pete Sampras, John McEnroe, It was also his eighth loss in 16 set but was unable to convert two nent’s lethal battery of down the Stefan Edberg and even his coach finals at the majors. break points in the fourth game line backhands and pinpoint accu- Boris Becker never won in Paris. “It’s hard for me to speak right as Djokovic’s renowned powers of rate forehand winners. He was handed a tough draw now,” said Djokovic who was in recovery made him an intimidat- Djokovic found a late lease of this year, having to defeat nine- tears on the presentation podium. ing target to pass. life for a break at 2-0 and held for time champion Rafael Nadal in “I’d like to say well done to Wawrinka saw another break 3-0 in the fourth set. the quarter-finals and then need- Stan. He has a great heart and I point disappear in the sixth game. But back stormed Wawrinka, ing five sets played over two days have all respect for him. He is a In the eighth, it was the same retrieving the break on the to see off Andy Murray in the deserving winner.” story as Djokovic saved another back of a 30-stroke rally before semis. “But I’d like to say I will be back break point causing Wawrinka to Djokovic saved two more break “I don’t want to come up with next year and I will try again.” violently smash his racquet into points to go to 4-3. excuses, saying these two matches Djokovic, playing in his 16th the net in frustration. In a rollercoaster fourth set, the took a lot out of me,” insisted Grand Slam final to Wawrinka’s But he wasn’t to be denied as Swiss saved three break points in Djokovic. second, had the Swiss player Djokovic surrendered the set in the eighth game and on the back “I don’t think that’s fair to under siege in the first set. the 10th game with a wild back- of three of probably his finest ever Stan. I don’t think that’s fair to Eighth-seeded Wawrinka had hand, collecting a warning for backhands broke for 5-4. sit here and whine. Certainly to save break points in the open- destroying his racquet in the And it was another textbook those two matches were very big ing game — which featured a Paris clay. backhand that won him the title in terms of physical demand and 39-shot rally — and the fifth. Djokovic was playing for the on a second match point. mental, emotional, as well. But I But the world number one third day in succession having Compatriot Roger Federer, the was today feeling pretty fresh as Switzerland’s Stanislas Wawrinka celebrates with the winner’s trophy broke through for a 4-3 lead when needed five sets to beat Andy 2009 champion who lost in the much as I could. I mean, I was after defeating Serbia’s Novak Djokovic in the final of the French Open Wawrinka served up a double Murray in the semi-finals. quarter-finals to Wawrinka this ready to go out and fight, and I at Roland Garros in Paris yesterday. fault. He looked suddenly jaded and year, tweeted simply: “CHAMP.” have done so,” the world’s top- The battling 30-year-old Swiss unplugged, fighting off three AFP ranked players added. AFP Ageless Williams eyes second ‘Serena Slam’
PARIS: Serena Williams is a dress for a blue-knitted top and five-time Wimbledon champion black shorts. but the American surprisingly Twitter Reactions “It’s a slower surface, it’ll help declared on Saturday night me out a little bit. Now if I get in Twitter reactions to Stan Wawrinka’s French Open win over Novak Djokovic yesterday that she has “never really liked “CHAMP.” — Roger Federer a tough spot I know how to win grass”. whereas even two years ago I To complete the “Serena Slam” “Thank you @stanwawrinka. You are a champion in many ways! wasn’t able to win those matches. for the second time in her career, — Magnus Norman, coach of Wawrinka That’s going to help me out a lot.” the US Open champion will need “My heart is literally so full for Novak right now @DjokerNole#letitout.” With only Graf (22) and to conquer the lush green lawns — WTA player Irina Falconi on Djokovic’s tears at the presentation Margaret Court (24) ahead of her of the All England Club from June in the list of all-time Grand Slam 29-July 12. “Awwww! Who else wants to give Nole a hug right now?! winners, Williams has already For a player who won the first — WTA player Monica Puig cemented her place among the of her 20 Grand Slam titles way “WOWrinka” — WTA’s Alison Riske greats. back in 1999, Williams has had to But, as for where she ranks wait until the ripe old age of 33 “Holly Swiss cow. That was something. — Former ATP player Ivan Ljubicic among them, it is not something to claim back-to-back Australian “@stanwawrinka wow! Congrats! Just wow! I wanna play like that!” that keeps her awake at night. Open and French Open titles. — Serena Williams “I promise you I’m not even While that has raised the pos- looking at it. When you are still sibility that she could become told reporters after beating Czech now consistently do terrible there playing and start thinking ‘well the first female since Steffi Graf Lucie Safarova 6-3, 6-7 (2), 6-2 in so that is the one I really want to I’m here in the history books and in 1988 to capture the calendar the French Open final. do well in.” soon I will be there’ ... then you Grand Slam of all four majors in “I’m really excited to have done Williams has failed to make it become really satisfied,” she said. a single year, the world number this. I’ve got a ‘Serena Slam’ and past the fourth round in London “I don’t want to be satisfied. I one is more interested in what I’m close to another. for the last two years, a shock to want to keep going.” comes next. “At Wimbledon the monkey is the tennis world but not to her. Navratilova, who presented the “I would never have expected on my back because I have not “I’ve never really liked grass French Open trophy to Williams at this time in my career to win done well there in a couple of and I just don’t know how I’ve at Roland Garros on Saturday, Serena Williams poses near the Eiffel Tower in Paris with her trophy after three Grand Slams in a row. This years. Considering how well I have done so well,” added Williams who believes the American is ideally winning the women’s final of the French Open on Saturday. for me is unbelievable,” Williams done there for so many years, I had swapped her orange tennis placed. AGENCIES