BUSINESS | Page 1 INDEX QATAR 4 – 10, 34, 35 11 REGION ARAB WORLD INTERNATIONAL 12, 13 14 – 31 32, 33 COMMENT BUSINESS 1 – 8, 14 – 16 CLASSIFIED SPORTS 9 – 13 1 – 11 SPORT | Page 1 DOW JONES QE NYMEX 17,521.01 12,279.37 51.03 +159.97 +0.92% +161.67 +1.33% +1.46 +2.95% Latest Figures d he R is bl TA 978 A 1 Q since in GULF TIMES pu Teams take close look at special stages in Qatar Rally Commercial Bank in joint QR1bn finance deal for key Ashghal project WEDNESDAY Vol. XXXV No. 9623 February 4, 2015 Rabia II 15, 1436 AH www. gulf-times.com 2 Riyals Preparations in full swing for Sport Day Kerry praises Qatar’s help in efforts to end Yemen crisis InIn brief Brief PALESTINE | Occupation War crimes probe report in March AFP Washington A UN inquiry into possible war crimes in the Gaza conflict will produce its report on time next month despite the resignation of its chairman, officials said in Geneva yesterday, brushing aside a demand from Israel’s prime minister to shelve it. Canadian academic William Schabas, the head of a UN inquiry into last summer’s war between Israel and Gaza, said on Monday he would resign after Israeli allegations of bias due to consultancy work he did for the Palestine Liberation Organisation. Page 13 EUROPE | Rulings UN court rejects genocide claims The UN’s highest court yesterday rejected rival claims of genocide by Croatia and Serbia in landmark rulings over their 1991-1995 war, and urged the former foes to turn the page on their bloody history. International Court of Justice chief judge Peter Tomka first dismissed Zagreb’s claim that Serb forces committed genocide during Croatia’s war of independence. He made a similar ruling in a counterclaim by Belgrade over a Croatian counter-offensive that forced 200,000 Serbs to flee after the last major battle of the war. Page 23 U A view of The National Sport Day Village set up by the Qatar Olympic Committee on the Corniche last night. The facility will be formally declared open today as Qatar prepares to celebrate its annual sporting gala next Tuesday with a wide range of activities with the aim of promoting a healthy and active lifestyle. HE the Minister of Youth and Sports Salah bin Ghanim al-Ali has called for a better understanding of the real goal of the Sport Day so that the goal of the Emiri Decree No (80) of 2011 can be attained. Page 8 PICTURE: Jayaram IS burns pilot to death as Jordan vows revenge An Iraqi would-be suicide bomber on death row, Sajida al-Rishawi, and other militants will be executed at dawn today, according to a Jordanian security official says AFP Amman T he Islamic State (IS) group yesterday released a video purportedly showing a Jordanian pilot being burned alive in a cage, in its most brutal execution yet of a foreign hostage. The highly choreographed 22-minute video released online showed images of a man purported to be First Lieutenant Maaz al-Kassasbeh, captured in December, engulfed in flames. King Abdullah cut short a visit to Washington to fly home, state television said, as Amman confirmed the death of the 26-year-old fighter pilot and vowed an “earth-shattering response”. In a short televised appearance, King Abdullah said the killing of Kassasbeh was an act of cowardly terror by a group that had nothing to do with Islam. “This (is) cowardly terror by a criminal group that has no relation to Islam ... It’s the duty of all citizens to stand together,” he said. The video, whose authenticity was not immediately verified, enraged officials and the army in Jordan vowed to avenge the murder of the 26-year-old pilot. A security official said an Iraqi would-be suicide bomber on death row, Sajida al-Rishawi, and other mili- tants will be executed at dawn today. “The death sentence will be carried out on a group of jihadists, starting with Rishawi, as well as Iraqi Al Qaeda operative Ziad Karbuli and others who attacked Jordan’s interests,” said the official. State television said Kassasbeh had already been killed on January 3, before IS offered to spare his life and free a Japanese journalist in return for Rishawi’s release. US President Barack Obama denounced the apparent killing as “just one more indication of the viciousness (and) barbarity” of IS. The US will “redouble the vigilance and determination on the part of the global coalition to make sure” the group is “ultimately defeated”, he added. The chief of the US-led war on IS, General Lloyd Austin, condemned the pilot’s murder as “savage” and vowed to “fight this barbaric enemy until it is defeated”. British Prime Minister David Cameron said the “sickening murder will only strengthen our resolve to defeat ISIL”, another acronym for IS. Kassasbeh was captured on December 24 after his F-16 jet crashed during a mission over northern Syria as part of the US-led campaign against the militant group. The video released yesterday shows footage of him at a table recounting coalition operations against IS, with flags from the various Western and Arab countries in the alliance projected in the background. It then shows Kassasbeh dressed in an orange jumpsuit and surrounded by armed and masked IS fighters in camouflage. Anwar Tarawneh, the wife of Jordanian pilot Maaz al-Kassasbeh, holding a picture of him. It cuts to him standing inside the cage and apparently soaked in petrol before a masked man uses a torch to light a trail of flame that runs to the cage and burns him alive. The video also offered rewards for the killing of other “crusader” pilots. The release of the video of Kassasbeh’s purported murder came after IS beheaded two Japanese hostages within a week. The Islamic State group had vowed to kill the second Japanese, Kenji Goto, and Kassasbeh by sunset on January 29 unless Amman handed over Rishawi. Kassasbeh’s plane was the first loss of an aircraft since the US-led coalition launched strikes against IS last year. IS seized swathes of territory in Iraq and Syria last year, declaring a “caliphate” and committing a wave of atrocities. The extremist group claimed in a video released on Saturday that it had killed 47-year-old Goto, after previously murdering another Japanese hostage, Haruna Yukawa. It had initially demanded a $200mn ransom for the Japanese hostages - the same amount Tokyo had promised in non-military aid to countries affected by IS. IS had previously beheaded two US journalists, an American aid worker and two British aid workers in similar videos. Shiraz Maher, from the International Centre for the Study of Radicalisation at King’s College London, described the footage as “simply the most horrific, disgusting thing I have seen from Islamic State in the last two years”. Qatar condemns ‘heinous crime’ The State of Qatar has strongly condemned the burning to death of Jordanian pilot Maaz al-Kassasbeh by a terrorist group. In a statement issued yesterday, the Foreign Ministry denounced the “heinous crime”, terming it as a “criminal act contravening the tolerant principles of the Islamic faith, human values and international laws and norms”. The Foreign Ministry expressed deep regret for the pilot’s killing and expressed condolences to the pilot’s family. It also expressed the solidarity of the State of Qatar with the brotherly Hashemite Kingdom of Jordan and its people. S Secretary of State John Kerry has praised Qatar for its help in trying to resolve the crisis in Yemen. The Houthi militia on Sunday had set a three-day deadline for political parties to resolve the power vacuum in Yemen left after the president and prime minister offered to resign last month. The Houthis’ lightning offensive when they seized the presidential palace and key government buildings on January 20, plunged the country deeper into crisis and prompted President Abd Rabbu Mansour Hadi and his premier to tender their resignations. It has complicated the US fight against Al Qaeda in the Arabian Peninsula (AQAP) branded by the US one of Al Qaeda’s most dangerous branches. Meeting with Qatar’s Foreign Minister, HE Dr Khalid bin Mohamed al-Attiyah, at the State Department on Monday, Kerry said he was grateful for the “many ways in which Qatar, the Emir, and Dr Attiyah have made themselves available in order to be of assistance”. “Most recently, they were particularly helpful with respect to Yemen and our efforts in the last few days to deal with some of the adjustments necessary to what has been happening there.” Asked later at a forum at the Atlantic magazine what Kerry meant, al-Attiyah did not go into details. “We’ve been closely talking to our friends about the GCC initiative and how we can enhance the solution,” the minister said. IOC gets FIFA assurance on 2022 tournament dates AFP Beaver Creek W orld Cup chiefs have promised the 2022 tournament in Qatar will not clash with that year’s Winter Olympics, International Olympic Committee (IOC) president Thomas Bach said yesterday. World governing body FIFA has said the 2022 tournament will take place during the cooler temperatures of the northern hemisphere’s winter months - potentially risking a calendar clash with the Winter Olympics. FIFA has yet to agree on dates for the 2022 finals. Football’s governing body is studying the possibility of staging the tournament either in November-December or January-February. However, Bach told reporters on the sidelines of the World Alpine Ski Championships in Beaver Creek, Colorado, that FIFA chief Sepp Blatter had assured the IOC there would be no clash with the Winter games. Qatar ‘to see 218% increase in cancer cases by 2030’ By Joseph Varghese Staff Reporter C ancer cases in Qatar may increase by up to 218% by 2030, warns a study by an international organisation for cancer research. According to a report titled “Globocan 2012, Cancer Incidence Mortality and Prevalence Worldwide” by the International Agency for Cancer Research, the total number of cancer cases in Qatar was 1,017 in 2012. At the prevailing rates, it is forecast that the number will go up to 3,235 by 2030. World Innovation Summit for Health (WISH), an initiative of Qatar Foundation, has conducted a study on making the treatment of the disease affordable and present its findings at the WISH summit slated for February 17 and 18 at Qatar National Convention Centre. The “Delivering Affordable Cancer Care” report reveals that there were 13.3mn new cases of cancer globally in 2010 and the number is projected to rise to 21.5mn in 2030. It is estimated that from 2008 to 2030, cancer incidence will rise by 65 % in high-income countries, 80% in middle-income countries, and 100% in the world’s poorest countries. The report says that worldwide spending on cancer has reached equivalent to the GDP of Hong Kong. Cancer is responsible for 5–7 % of healthcare costs in high-income countries and reached approximately $290bn per year in 2010. The report says that cancer is the second largest contributor to the non-communicable disease burden. Some of the early findings of the report have been released to mark World Cancer Day which is observed today. The WISH report will highlight that health economies worldwide are expecting increases of 16–32 % in new cancer diagnoses over the next 10 years and projections from the US, United Kingdom and Australia suggest that cancer costs in these countries could increase by as much as 42–66 % above current levels by 2025. The report will present evidence that in many cases, cancer could be treated very differently and that there are too many instances of over-treatment and needless use of expensive technology. It will highlight innovative projects from around the world that have driven efficiencies and improved treatments for patients. Prof Robert J S Thomas, WISH Forum Chair, said: “Our aim is to develop a plan to encourage governments, policymakers and large healthcare organisations to take up and recognise the problem of affordability. It is a really key issue for patients at all levels and it is a key issue for governments. What we want is a plan which will help patients in the long term.” Prof the Lord Darzi of Denham, executive chair of WISH, said: “The challenge of cancer is daunting and it will intensify. This report brings together the greatest minds in the field of cancer care to deliver valuable insight that will help policymakers and healthcare professionals find solutions to address the significant cost and health consequences of this unforgiving disease.” 4 Gulf Times Wednesday, February 4, 2015 QATAR Qatar-Oman defence ties reviewed Indian security adviser meets Oman’s Chief of Staff of the Sultan’s Armed Forces (SAF) Lt Gen Ahmed bin Harith al-Nabhani yesterday met a Qatari envoy delegation from Qatar’s College of Staff and Command (CSC) headed by Air Commodore Nassir Abdullah Nassir al-Sulaiti. The Omani chief of staff welcomed the members of the Qatari delegation and discussed issues of mutual concern, particularly in the field of training and academic military co-operation between the two countries. Commandant of Oman’s College of Staff and Command, Air Commodore Nasser bin Hamdoon al-Harthy, attended the meeting. Foreign Minister meets John Kerry The National Security Adviser of India Ajit Kumar Doval has met Qatar’s Ambassador Ahmad Ibrahim al-Abdullah in New Delhi. Talks during the meeting covered bilateral relations and ways of enhancing them in all areas. Chief of Staff meets senior British official HE the Chief of Staff of the Armed Forces Air Vice-Marshal Ghanim bin Shaheen al-Ghanim met Lt Gen Tom Beckett, senior defence adviser for Middle East at the UK Ministry of Defence, and the delegation currently accompanying him on a visit to Qatar. The meeting reviewed issues of mutual concern, particularly in the military affairs. A number of senior army officers attended the meeting. Armed forces exercises HE the Foreign Minister Dr Khalid bin Mohamed al-Attiyah meeting US Secretary of State John Kerry in Washington on Monday. The meeting was attended by Sheikh Mohamed bin Hamad al-Thani and Qatar’s Ambassador to the US Mohamed bin Jaham al-Kuwari. Bilateral relations and regional issues were reviewed. S Korea keen on expanding bilateral relations with Qatar QNA Doha S outh Korea is keen to expand bilateral relations with Qatar in all areas, South Korea’s first Vice-Minister of Foreign Affairs Cho Tae-yong has said. Speaking at a seminar organised by the Diplomatic Institute at the Ministry of Foreign Affairs, Cho Taeyong said: “Qatar has been blessed with a leader who is seriously planning for the future, we were very impressed by him when he visited Korea for talks.” HH the Emir Sheikh Tamim bin Hamad al-Thani visited Seoul last November. Speaking about bilateral relations and co-operation between the two countries, he said that previous meetings between senior Qatari and Korean officials confirm the keenness of the two sides to move forward with the mutual co-operation and promoting it in all areas. He noted that Qatar ranks first among the exporters of South Korea, as the country imports about 40% of its need for gas from Qatar. Despite the signing of three gas supply agreements with Australia, Qatar still occupies the first rank, he said. The official added that Korea seeks to diversify transactions with Qatar in various areas including information technology, communication, medical services, defence and development of e-government, and Korea has high reputation in this area specifically. The seminar organised by the Diplomatic Institute was titled: “Policy of the Republic of South Korea in the Middle East and the Korean Peninsula”. The seminar was attended by a number of the Foreign Ministry diplomats and staff as well as the delegation accompanying the Korean official. The general command of the armed forces has announced that it will carry out parachuting exercises in Sealine area from February 15 to 19 from 6am to 1pm. The general command urged visitors to the area to exercise caution for their own safety. 8 Gulf Times Wednesday, February 4, 2015 QATAR Premier to open Qatar Motor Show tomorrow Bugatti Veyron 16.4 Super Sport Bugatti to display world’s fastest production car B ugatti will be bringing the world’s fastest production car, the Veyron 16.4 Super Sport, to this year’s Qatar Motor Show. The 1,200 PS bolide set the world speed record for production cars in 2010, which still stands today, with an average maximum speed of 431.072 km/h, officially confirmed by the Guinness Book of Records. Bugatti will be displaying the vehicle in its original configuration as a World Record Edition for the first time at a car show in the Middle East. The Veyron 16.4 Super Sport was introduced in 2010 and has been sold out for quite some time. The Qatar Motor Show will be open for the public from Friday. The Super Sport’s recordsetting run took place on 26 June 2010 at the Volkswagen proving grounds in Ehra-Lessien in Germany. Bugatti’s Pilote Officiel Pierre-Henri Raphanel was at the wheel. In accordance with the Guinness rules, Raphanel had to drive the Super Sport down the long straight twice, once in each direction. Guinness then calculated the average from the maximum speed attained on each run: 431.072 km/h. “Setting this world record was an extremely intense and completely new experience for me”, said Raphanel, who, as a former Formula One and Le Mans race driver, is used to high speeds. “At a speed greater than 400 km/h, you are covering 120 metres per second. Even the slightest action in the cockpit can have enormous effects. You therefore must have a perfect vehicle that you can trust completely. The Veyron Super Sport was absolutely perfect.” The Super Sport’s technical data are impressive: its 8-litre W16 engine can put 1,200 PS and a maximum torque of an astounding 1,500 Nm on the road. The super car sprints from nought to 100km/h in only 2.5 seconds. The Super Sport was the further development of the 1,001 PS Bugatti Veron 16.4 with which Bugatti’s success story began in 2005. The increase in the power of the 16-cylinder engine was made possible by four enlarged turbochargers and intercoolers. The suspension of the highperformance sports car was reengineered to safely master the unique power output. The main spring rate was increased slightly and the anti-roll bars were reinforced. Together with newly developed dampers adapted from motor sport, these changes improved the precision of control over the wheels and the vehicle appreciably. Strike by taxi firm drivers continues T he strike by a group of Cars Taxis drivers entered the third day yesterday even as the company authorities initiated some moves to settle the issue. Of the more than 400 yellow roof taxis of the Cars Taxis, a franchisee of Karwa, only a handful were seen on the road yesterday. Late in the evening, some 30 odd drivers of the firm were taken into custody, from their accommodation on Street 32 of the Doha Industrial Area, by police following complaints from the firm’s officials, a source said. Reacting to queries, a senior official of Qatar’s taxi regulators, Karwa, said Cars Taxis officials informed them that the strike was called by a “section of the drivers” as they were “unable to tamper with” the new sensoraided GPS meters which the company installed on its cars. However, some of the drivers said the reason for the strike was their low salary. It is learnt that a driver is paid a salary of QR900 and will receive additional commission ranging between 10 and 15% based on the revenue that they generated. Queried if they were not better off than the drivers of other taxi firms as they were being paid a fixed salary besides commission, some of them replied they were not getting any commission worth mentioning. Even before the formal launch of their service in October, a section of the Cars Taxis drivers had gone on a strike. All those who protested were sent home before the stamping of their visas after the intervention of some of the Asian embassies. Though repeated efforts were made in the afternoon to contact a Cars Taxis official, nobody was available for comments. P rime Minister and Minister of Interior HE Sheikh Abdullah bin Nasser bin Khalifa al-Thani will officially inaugurate the fifth edition of the Qatar Motor Show tomorrow (February 5) at the Qatar National Convention Centre. After declaring the show open, the Premier will be taken on a tour to visit the exhibitor stands and engage with the participating exhibitors directly. “The presence of the Prime Minister, who will officially inaugurate the 5th edition of the Qatar Motor Show, is indeed a testimony to the gravitas of the much awaited annual event. The Qatar Motor Show is not only an event of great importance to the international and regional automobile industry, but also in enhancing Doha’s position as a MICE destination. Additionally, this exhibition is also the most eagerly awaited annual event for automobile and motor-sports enthusiasts who make it a point to attend every year”, said Ibrahim Abdullah al-Malki, Chief Enterprise Officer, q.media, one of the co-organisers of the event. The show will open to the public the next day (Feb 6) while running continuously for five days until the 10th of February. Like the 2014 show, this year’s event will be co-hosted by the Minister highlights real goal of Sport Day HE the Minister of Youth and Sports Salah bin Ghanem bin Nasser al-Ali has called for a better understanding of the real goal of National Sport Day. Speaking during a meeting with doctors, nutritionists and fitness experts as part of preparations for the 4th edition of National Sport Day, which will be marked on Feb 10, the Minister said that there are significant challenges posed by certain chronic diseases such as obesity and diabetes. He said there is an alarming increase in the number of people living with such diseases, and called for steps to correct “wrongful behaviours” through sports. The Minister hoped that the next five years would see a decline in the number of chronic diseases that pose a danger to the community, stressing the importance of increasing awareness about exercising and sports and their role in enhancing health. “We seek to develop appropriate rules and regulations to help members of the community, and we involve specialists to put in place systems and programmes to achieve the desired goal,” he said. Meanwhile, the Sport Day joint committee held a meeting with a number of doctors, nutritionists and fitness experts to discuss ideas and views that can help in implementing the Minister of Youth and Sports’ decision No 140 of 2014 on the organisation of National Sport Day events. Traffic diversion near Ikea showroom from February 6 T he traffic on one lane on each side of the Shamal Expressway near Al Kharaitiyat Interchange (N8) in Leabaib area, close to Ikea showroom, will remain closed for a month starting from Friday (February 6). The Public Works Authority (Ashghal) has said in a statement that owing to the work being carried out in the area, the number of lanes will be reduced from four to three on each direction and the traffic will be routed through the remaining three lanes during the period of construction (as shown in the attached map). The temporary closure is required to carry out construction works of a bridge which forms part of the North Road enhancement project. The works authority has requested all road users to abide by the speed limits and follow the road signs to ensure their safety. Qatar Tourism Authority (QTA), q.media events, and Fira de Barcelona. The Qatar National Convention Centre remains the venue for this year too. The Qatar Motor Show has been substantially contributing to the national economy and reinforcing the image of Qatar within the region and internationally. With the country working on fulfilling the pillars of the Qatar National Vision 2030, the prime minister’s patronage of the Qatar Motor Show 2015 demonstrates the show’s key role within the broader framework. This year, the stage is set for an absolutely high-octane ambience. Recently added to the reveals are prestigious French brand Bugatti, well-loved Japanese brands Suzuki and Honda and the well-known American brand Chevrolet. Bugatti will present the iconic Veyron 16.4 Super Sport, the fastest production car at the Qatar Motor Show 2015. This brilliant piece of automobile technology has stunned the world since July 2010 with a record breaking top speed of 431.072 km/h, making it the fastest super car in the world. This record remains to be beaten and will thrill the visitors at the show as the models displayed here will be from the limited World Record edition. The fourth generation of Honda’s 2015 CR-V will also be displayed at the Qatar Motor Show 2015. This SUV is of particular significance for the Middle East as its exterior has been designed to meet the requirements and demands of customers from the region. This model is also generating tremendous excitement amongst Honda fans with its new Earth Dreams Technology™ direct-injected 2.4-litre DOHC i-VTEC 4-cylinder engine that powers this exquisite model. Fans of Suzuki are also in for a treat with the Japanese giant unveiling its line-up of superb Middle Eastern market collection including the Ciaz, the Alto K10 and the Ertiga. American automobile brand Chevrolet has lots of excitement for its fans, as it will reveal three new cars - the Tahoe Z71, the Corvette Z06 and the Silverado Reaper. In the past few weeks, brands like Rolls Royce, Lamborgini, Jaguar, Land Rover, Mercedes, BMW, Audi and Harley-Davidson already revealed their product line-ups and model launches for the region. The participating automo- bile and motorbikes brands are: Husqvarna, Harley – Davidson, Mitsubishi, Mercedes Benz, BMW, Mini, Rolls Royce, Ferrari, Maserati, Land Rover, Bugatti, Lamborghini, Bentley, Renault, Infiniti, Lexus, Suzuki, Chevrolet, Volkswagen, Porsche, Audi, Honda, GAC, Toyota, Nissan, Nimrod, Ducati, Triumph, KTM, Vespa, BMW Motorrad, MV Agusta, Moto Guzzi, Sand X, Aprilia, Piaggio, Gilera, Arctic Cat and Cadillac. Participating automobile accessories brands: Off Road Experience, Titanium, Castrol Oils and Continental tyres. Mannai Auto, Cadillac to hold photo contest Mannai Auto and Cadillac will be giving away an iPhone 6 to a lucky winner in its Qatar Motor Show 2015 photo competition. Anyone posting a picture from the Cadillac stand at the Qatar Motor Show with the hashtag #CadillacQMS2015 on Facebook or Twitter will receive an automatic entry into the lucky draw. A winner will be selected at the conclusion of the event to receive the Apple device. Mohamed Helmy, Group General Manager, Mannai Auto, said: “This campaign is inspired by the opportunity presented by the 2015 motor show. It is an excellent platform for Cadillac to celebrate newly available models such as the All-New ATS coupe and the Platinum Edition Escalade ESV, as well as the broader Cadillac range.” The motor show, which runs from February 6 to 10, will feature some of Cadillac’s hottest new arrivals, including the 2015 models of the all-new 2015 Cadillac ATS Coupe, the ATS Compact Sport Sedan, the CTS Sport Sedan and the Escalade ESV Luxury SUV. Alfardan Group lines up array of events for National Sport Day A lfardan Group will host an array of activities for their staff as part of the National Sport Day celebrations on February 10. The events are being hosted in support of the government’s vision to establish the country as a premier global sports hub, according to a company communique. More than 1,000 employees of the group are participating in the events on February 10, a statement issued by the group said. Alfardan Group’s initiative, it said, will help reinforce a feeling of camaraderie among its employees which according to the statement is a key fundamental strategy of its Corporate Social Responsibility. The events, it said, reaffirm Alfardan Group’s commitment towards the initiative in line with the vision of HH the Emir Sheikh Tamim bin Hamad al-Thani, to create a healthier society of all ages, genders and nationalities in Qatar. Vice-Chairman of Alfardan Group Ali Alfardan said: “Qatar is one of the few countries to have a day dedicated solely for sports activities on Tuesday (February 10) when we organise various sporting events for our employees to showcase their talents. Alfardan Group has always been a pioneer in supporting sports events throughout the years so as to generate excite- Some of the participants at the National Sport Day celebrations hosted by Alfardan Group last year, pose with Vice chairman Ali Alfardan. ment and enthusiasm for sports in Qatar. Ali Alfardan said this year’s events will be unique as they will be held at Al Shefallahiya Oasis, belonging to the Alfardan Group. The entire farm will be transformed into a sporting venue for various activities. President and CEO of Alfardan Group Omar Alfardan said: “Alfardan Group firmly supports HH the Emir Sheikh Tamim bin Hamad al-Thani’s initiative to have a National Sport Day. Such an event will provide Qatari citizens and residents with a platform to showcase their talents in different sports as well as ensure their physical well-being.” Elimination rounds for vari- ous events are now being staged in different locations. Competing teams and players in football, cricket, volleyball, basketball, lawn tennis, table tennis, badminton and billiards are battling it out as individual and team finalists will face each other in their respective divisions during the February 10 final rounds. TAMU-Q ranked first among Mena universities T exas A&M University at Qatar has got the top spot for research excellence in the Mena region in a survey by Times Higher Education for the top five universities. Three countries from the region are featured in the top five universities. Lebanese American University takes the second place and King AbdulAziz University from Saudi Arabia comes third. Qatar University is ranked fourth while American University of Beirut comes fifth. The top five has been formulated using just one of Times Higher Education rankings indicators - research impact, based on Elsevier’s Scopus database, the most comprehensive database of peer-reviewed research. It is designed to highlight some of the region’s top performers ahead of the magazine’s inau- gural Mena universities summit taking place on 23 and 24 February in Doha. In partnership with the global thought leaders and academics in attendance, the event, which is part of the Times Higher Education World Summit Series and is being co-hosted with Qatar University, will feature an open consultation session on proposals for a full Times Higher Education Mena University Ranking. The summit will be the first major public consultation on the Times Higher Education Mena rankings, which will be based on the foundations of Times Higher Education’s flagship World University Rankings, but will feature a bespoke range of metrics for the region. The aim of the consultation is to enable the publication, which is the world’s leading authority on higher education, to identify new metrics which would help to reflect different regional priorities and university missions – such as a greater focus on teaching and learning or graduate employment. An official Times Higher Education Mena ranking is expected to be published next year, combining the research impact indicator revealed, with a wider range of performance metrics. Additionally, the Summit will include sessions on university leadership, international research collaboration, industryuniversity collaboration and teaching excellence. Qatar University president Professor Sheikha Abdulla al-Misnad said: “This summit comes at a time when QU is becoming a leader in academic excellence and the fastest-growing university for research in the region. We are pleased to co-host this important forum which will give Mena universities the opportunity to share their experiences and aspirations towards improved rankings and international reputation. It also allows institutions from outside the region to better appreciate the particular dynamics of higher education in the region. We look forward to the vibrant discussions that will emanate from these sessions and the recommendations that will emerge that Mena university leaders could apply in their future planning at their respective institutions.” Speakers at the Summit, which is being held under the patronage of HH the Deputy Emir, Sheikh Abdullah bin Hamad al-Thani, will include a number of scholars from the region and outside. 10 Gulf Times Wednesday, February 4, 2015 QATAR Philippine team to meet labour officials By Joey Aguilar Staff Reporter A delegation from the Philippines will meet officials of Qatar’s Ministry of Labour and Social Affairs today for the convening of the Qatar-Philippines Joint Labour Committee in Doha, labour attaché Leopoldo De Jesus has said. Some of the issues that will be discussed include recent policies in recruiting workers in the Philippines and Qatar, development of electronic recruiting guidelines, regulation of recruitment cost, development of dispute settlement guidelines, household service workers agreement and protocol and contract, implementation of the comprehensive information and orientation programme under the Abu Dhabi dialogue. Philippine labour secretary Rosalinda Baldoz has sent overseas employment administrator Hans Leo Cacdac and a number of other labour officials to Qatar. “They will meet their counterpart in the ministry here to discuss matters of mutual concern arising out of the im- Leopoldo De Jesus, labour attaché, Philippine embassy plementation of the two countries’ bilateral agreement on manpower and the additional protocol signed by both parties in 2009,” said De Jesus. He noted that the two-day meeting will be convened at the office of the Ministry of Labour and Social Affairs in Doha. A scheduled visit to the labour camps at the Industrial Area is also expected to take place today after the meeting. De Jesus said secretary Baldoz is looking forward to a “productive result” of the meeting that aims to ensure the protection and welfare of overseas Filipino workers (OFWs). Ambassador Crescente Relacion and other embassy officials are also expected to join the delegation at the meeting. Relacion hopes that a provision in the bilateral labour agreement between Qatar and the Philippines will be implemented to further protect OFWs from “contract substitution”. This irregularity in recruiting Filipino workers is resorted to by unscrupulous employers who are colluding with some recruitment agencies back home. During her visit to Qatar in November last year, secretary Baldoz met with HE the Minister of Labour and Social Welfare Abdullah Saleh Mubarak al-Khulaifi to discuss issues affecting OFWs. “We will look at their labour laws and if anything there would be advantageous to our workers then we have no reason to apply amendments,” she said. The Philippine government will focus on sending more professionals and skilled workers to Qatar and other GCC countries this year, it is learnt. The Philippine overseas labour office noted an increasing number of professionals such as doctors, nurses, accountants, engineers, and architects have been deployed to the country in the past months. Shop closed for selling fake sunglasses The Ministry of Economy and Commerce has closed down an optic shop in the New Al-Mirqab area for one month for selling counterfeit sunglasses. During an inspection of the shop, the ministry officials discovered that all the sunglasses on display were counterfeits of international brands. Accordingly, they took an administrative decision to close the outlet for one month. 70 register for Halal Qatar Festival S ome 70 applications for participation in the Halal Qatar Festival for sheep and goats, have been received by Katara - the Cultural Village. These applications were received through SMS from Qatar and other GCC countries. It is also expected that the number of applications for the various categories would increase before the closure of the registration process in mid-February. Khalid al-Shahwani, chairman, the festival organising committee, said that the festival this year will include 20 barns and a sum of QR10,000 will be allocated to each owner of a barn. “Priority will be given to elderly owners and those taking part at the festival for the first time. However, the daily auction would be open for Qatari owners of sheep and goats to display their breed of each category for sale on the afternoons throughout the duration of the festival,” he added. Al-Shahwani pointed out that besides the four first prizes, five other consolation prizes have been added, from the sixth to the 10th positions, with QR5,000 for each prize. Besides, all the first 10 winners will be given mementoes and certificates of appreciation. The first prize will be QR100,000, the second QR50,000, the third QR30,000, the fourth QR15,000 and the fifth QR10,000. He affirmed that preparations are proceeding according to the schedule for the opening of the festival on February 28. He hoped for the active participation from official organisations and companies specialised in animal wealth and livestock, in addition to those specialised in the production and sale of animal fodder and veterinary services firms. Qatar Development Bank will take part in the festival to give the participants advice and consultations on the financing of related livestock projects. WISE invites nominations for education prize QOC set to launch health campaign for T women on Feb 8 he World Innovation Summit for Education (WISE) has invited applications for the 2015 WISE Prize for Education. Submissions must be made through the WISE website www. wiseprizeforeducation.org by March 31. The nominations will be reviewed by an international committee of education experts. The final selection will be made by a jury chaired by Sheikh Abdulla bin Ali al-Thani, chairman, WISE. Sheikh Abdulla said: “Our WISE Prize for Education laureates are all individuals whose passion, energy, and commitment have been an inspirational force in the world of education. And they are not alone. The WISE Prize has focused international attention on the crucial importance of education in building strong, prosperous societies. I very much look forward to identifying the 2015 WISE Prize for Education Laureate.” The prize recognises an inspiring, visionary approach as well as a proven track record of achievement in education at any level, field, or sector. Nominations can be made by individuals or institutions - including schools, international organisations and private companies - from anywhere in the world. Now in its fifth year, the WISE Prize for Education is the first global recognition of an individual or team for an outstanding contribution to education. The WISE Prize raises the status of education by giving it similar prestige enjoyed in other fields for which international prizes exist - such as literature, peace, and economics. The WISE Prize for Education Laureate, who receives a gold medal and $500,000, will be announced at the WISE Summit 2015 taking place on November 3 and 5 in Doha. Trade bodies join hands to host football tourney The German Industry and Commerce Office Qatar (AHK) and the Qatar-Germany Partnership (QGP) have joined hands to host a football tournament to mark National Sport Day. The tournament, which has Nasser Bin Khaled (NBK) as the main sponsor, will take place at the Al Sadd Sports Club on February 10. The event will include 16 teams, made up of 120 players who represent the local and German companies in Qatar. Sheikh Nawaf Bin Nasser al-Thani, chairman and CEO of NBK, said: “Sport is an important pillar in the implementation of the Qatar National Vision 2030, through building a healthy society away from harmful habits.” Sheikh Nawaf bin Nasser also commented on the importance of scheduling a sport day, exclusively for the Qatar residents to participate in different events, which he said confirms the pursuit of HH Sheikh Tamim bin Hamad al-Thani in the founding of a society based on healthy youth. Dr Peter Goepfrich, CEO, German Industry and Commerce Office, expressed his appreciation at NBK’s support for the tournament. T he Qatar Olympic Committee (QOC) is set to launch a two-month long Qatar Active Campaign (QAC) for women and girls. The fitness and health programme is meant for those above nine years. The programme will take place from February 8 to April 9 on a daily basis except Fridays and Saturdays. It will be held between between 6pm and 7:30pm at the Voltaire School sport hall in Al Dafna. For participation, the candidates need to fill a form which could be found on the QOC website. Those under 18 years need to get the approval of their parents, it said. Talking about the women’s fitness and health programme, its general supervisor Fajr Abdulmuhsin said the entire programme it is aimed at improving the women’s fitness and meeting their essential need to be in a good shape while being fit. This is in addition to the healthy aspect of practicing sport which contributes to reducing risks of illnesses relating to obesity and overweight.” Abdulmuhsen said: “The programme includes fitness and aerobic exercises conducted by women specialists. The participants will also have some fun where they would be playing games such as volleyball, basketball besides being acquainted to familiarise with different sport equipment.” The Qatar Active Campaign organising committee has offered prize money for 10 participants who will manage to reduce their weight the most. The Qatar Active Campaign aims to encourage mothers and their daughters in the same programme, thus contributing to strengthen the psychological and physical balance, and helping them improve daily stressful life in a healthy atmosphere for the period of nearly two months. The campaign has called upon women and girls to join the programme which it said would contribute to achieving the ‘Sport for All’ vision, and works towards promoting the practice of sport activities across the State of Qatar as a right for all categories of the society. Cleaning solutions firm opens Doha office K ärcher, the world leader in innovative cleaning technology solutions, has opened the Kärcher Centre along Salwa Road in Doha. German Ambassador Angelika Storz-Chakarji led the roster of guests during the opening ceremony, which was also attended by representatives from Kärcher Middle East and Qatar Trading Co (QTC), as well as key industry players. “The centre is a pivotal platform for the Qatar market. It provides users with professional cleaning solutions and products, as well as access to a dedicated after-sales service, repairs and maintenance. The Kärcher Centre also serves as a sales outlet and customer service for both our professional and home and garden products,” said Richard Nouira, managing director, Kärcher Middle East. “Kärcher’s operations in the Middle East have seen consistent growth over the past years as the cleaning and hygiene industry gathers pace. We sold 13,280 machines in Qatar in 2014 and Officials of Kärcher and QTC with guests at the opening ceremony. had 31,720 after-market spares and accessories,” Nouira said. “The business relationship between QTC and Kärcher has become even more solid as the years go by. The Kärcher Centre will be a flagship facility in the Qatari market, reinforcing the combined strength of Kärcher’s cleaning solutions and QTC’s market knowledge to provide a best in class service to all customers,” said Tariq M al-Shamlan, managing partner, QTC. Gulf Times Wednesday, February 4, 2015 11 REGION/ARAB WORLD Iran MPs to study bill on resuming all nuclear work Agencies Tehran I ran’s parliament agreed yesterday to examine a bill asking the government to resume all its nuclear activities in the event of fresh US sanctions, local media reported. Under an interim deal struck in 2013, Iran froze its uranium enrichment in exchange for limited sanctions relief. But two deadlines for a full accord cutting off Iran’s pathway to an atomic bomb have been missed. If passed, the bill would repeal the temporary agreement and torpedo hopes of a lasting deal between Iran and the P5+1 group of nations, which has to be reached by the end of June. The draft law, supported by 220 of 290 lawmakers, said that, in the event of new US sanctions, “Iran is obliged to immediately annul the interim Geneva agreement and take a series of measures to exercise the nation’s nuclear rights”. It also stipulates that Iran would resume enrichment and accelerate construction of its controversial Arak heavy water reactor. Media did not say when the text may be submitted to a parliamentary vote. Last week the US Senate Banking Committee approved a measure that would ratchet up sanctions on Iran in the event of the talks hitting an impasse. It would gradually impose sanctions against Iran if, by July 1, no final deal is reached in the talks under way between Tehran and the P5+1 - Britain, China, France, Russia, the United States and Germany. The group has been seeking a comprehensive accord that would prevent Iran from developing a nuclear bomb in return for an easing of economic sanctions. Iran says its nuclear programme only has civilian aims and that there is no plan to build a bomb. The United States voiced concerns on Monday about Iran’s missile programme after Tehran announced the launch of a satellite into orbit. The satellite is the fourth successfully placed into orbit by Iran, the defence ministry in Tehran said. After the launch two years ago of a monkey into space, Iran plans a human space mission by 2020. Tehran has rejected Western concerns that the space launches are furthering a ballistic missile programme. “As we’ve said before, Iran’s missile programme continues to pose a dangerous threat to the region and is an issue we monitor closely,” State Department spokeswoman Jen Psaki said in Washington. “And our long-standing concerns regarding Iran’s missile development efforts are shared by the international community, which has passed a series of UN Security Council resolutions focused on Iran’s proliferationsensitive activities.” Bahrain parliament approves govt plans AFP Manama B Shia fighters celebrate on Monday in Al Mansuriya, in Iraq’s Diyala province, after government forces retook the area from Islamic State’s control. Iraqi forces have “liberated” Diyala province from the militant group, retaking all populated areas of the eastern region. Iraqi cabinet nod for national guard Sunni leaders have billed the national guard law as a way to handle their own security in combating Islamic State Reuters Baghdad I raq’s cabinet yesterday approved a draft law creating a national guard, which Sunni political figures have described as a necessary step to achieving national reconciliation. But a measure to reform the government’s ban on former Baath Party members from government proved divisive. Sunni ministers boycotted the second draft law, saying it did not go far enough, while the rest of the cabinet approved it. It remains unclear how parliament will greet the two sets of legislation, which are already generating controversy. Approval by the cabinet does not guarantee passage by the parliament. Prime Minister Haider alAbadi’s spokesman Rafid Jaboori applauded the sending of the national guard law to parliament as “a way to confront ISIL”, a reference to the militant group Islamic State which controls large sections of the country. Sunni political and tribal leaders have billed the national guard law as a way to handle their own security in combating the militant group. The guard would be a locally-based force, answerable to the provincial government, and then the prime minister. Sunni leaders hope it will empower their communities, who distrust the army and national police they blame for carrying out indiscriminate arrests in the past. Ending the ban on ex-members of the Baath Party, which ruled Iraq before the US-led invasion to topple Saddam Hussain in 2003, from public service has also been a main Sunni demand. But Sunni cabinet members were disappointed by the second draft law. Dr Muhannad Hussam, a politician and close aide to Deputy Prime Minister Saleh Mutlaq, said the measure on “debaathification” adopted by Shia government ministers without their Sunni counterparts was a disaster. “This will create huge pressure against Sunni political figures within the society,” said Hussam, who attended the cabinet meeting. “We had received promises. Now we found it’s not real.” Still, Hussam said the Sunni ministers supported the national guard bill, which he called “a start”. Iraq’s debaathification policies have already been amended twice since 2003, most recently at the beginning of the previous government’s term in 2010. ahrain’s new parliament approved the government’s political programme yesterday, Information Minister Isa Abdulrahman alHammadi said. A Shia-led movement calling for a constitutional monarchy and a popularly chosen cabinet was suppressed by the authorities in 2011, prompting the influential Shia opposition bloc Al Wefaq to reject extra powers granted to parliament in a 2012 constitutional amendment. Under that amendment, the government must offer a new programme within 21 days if an initial programme is rejected by parliament. If rejected a second time, the government will be automatically replaced. Yesterday was the first time parliament was allowed to vote on the programme. And given that the opposition boycotted November parliamentary elections and is not represented, the outcome was inevitable. Hammadi told AFP 37 out of 40 MPs voted in favour of the programme and three abstained, describing yesterday’s move as “historic”. The 2012 constitutional amendments were announced following national dialogue talks which the opposition took part in before boycotting them after the first round ended. The nation has been rocked by unrest since a 2011 Shia-led uprising. At least 89 people have been killed in clashes with security forces since 2011, while hundreds have been arrested and put on trial, rights groups say. Assad’s victims Injured boys receive medical assistance in a field hospital, after what activists said was an air strike by forces loyal to Syria’s President Bashar al-Assad, in the Douma neighbourhood of Damascus yesterday. Pictures of IS logos on food parcels alarm UN AFP Geneva T Issued in Public Interest by he United Nations food agency expressed alarm over images circulating on social media showing its food aid being distributed from boxes bearing the logo of the Islamic State group. The World Food Programme said it was “extremely concerned” over the images, and that it was trying to verify the authenticity of the photographs and determine where they were taken. “WFP condemns this manipulation of desperately needed food aid inside Syria,” Muhannad Hadi, the agency’s emergency co-ordinator for the Syrian crisis, said in a statement late Monday. “We urge all parties to the conflict to respect humanitarian principles and allow humanitarian workers including our partners to deliver food to the most vulnerable and hungry families,” he added. Images still circulating on Twitter yesterday showed people, including children, gathered around and picking up boxes of food aid marked with the black and white flag of the IS militant group, which controls large swathes of territory in Syria and Iraq. In one photograph, a young man is shown carry- ing a box that appears to have the familiar light blue UN wreath logo barely hidden behind a shabby print of the IS flag. It is not the first time the brutal group has been accused of seizing aid that enters its turf as part of its strategy of controlling the populations on territories it has taken. WFP said the photographs seemed to have been taken in Dayr Hafr, in eastern rural Aleppo governorate, which it has been unable to reach with aid since last August 5. At the time, its cross-line convoy delivered 1,700 food rations, or enough to feed 8,500 people for one month, it said. “WFP has learned that in September 2014, ISIS raided Syrian Red Crescent (SARC) warehouses in Dayr Hafr where undistributed food rations may have been stored,” the agency said, using an alternative acronym for the group. “All areas controlled by ISIS are security hot spots, which severely limits the ability to monitor food distributions,” it pointed out. WFP has been operating in Syria since the country’s bloody civil war erupted nearly four years ago. It is currently delivering aid to more than 4mn people each month inside Syria and to 1.8mn refugees in neighbouring countries. 12 Gulf Times Wednesday, February 4, 2015 ARAB WORLD New clashes erupt for control of Libya oil ports Reuters Tripoli/Benghazi N ew clashes erupted yesterday between rival factions fighting for control of Libya’s biggest oil ports Al Sidra and Ras Lanuf, killing at least 10 people, the two sides said. The fighting came a day after the United Nations said it was seeking a ceasefire to pave the way for a new round of peace talks between factions operating two opposing governments, nearly four years after Muammar Gaddafi’s overthrow. Libya’s internationally-recognised government under Prime Minister Abdullah al-Thinni and the elected House of Representatives have been based in the east since a group called Libya Dawn seized Tripoli last summer, set up its own administration and reinstated the old parliament. Troops loyal to the Tripoli government launched an offensive in December to try to take the eastern Al Sidra and Ras Lanuf oil ports, which have had to shut down operations. Both sides had declared partial ceasefires last month, which had largely held, to give a UN-sponsored dialogue a chance. Forces allied to Thinni conducted air strikes yesterday to stop a new advance of fighters allied to the rival government, a spokesman for Thinni’s forces said. “There is an attack from them from all sides on the oil ports,” the spokesman said, adding that five of his soldiers had been killed. “But we’ve stopped them.” The rival force confirmed fighting was taking place. “Our boys are advancing,” said an official of the rival government, adding that five of his troops had also died. On Monday, UN special envoy Bernadino Leon visited Tripoli to discuss with the rival assembly there restarting the talks within days inside Libya. Last month, the United Na- tions managed to bring some members of the factions to talks in Geneva but the Tripoli-based parliament wanted the dialogue to take place inside Libya. Omar Hmeidan, spokesman for the parliament, said Leon had agreed during his Tripoli visit that talks should focus on forming a national unity government. Outlining what a solution might look like, Hmeidan said US plans to boost Jordan aid to $1bn per year Jailed Jazeera reporter gives up Egyptian citizenship An official says the final legal procedures for Mohamed Fahmy’s deportation are being completed AFP Cairo A l Jazeera journalist Mohamed Fahmy has renounced his Egyptian citizenship, his family said yesterday, in a bid to follow his Australian colleague Peter Greste in being released from a Cairo jail. Fahmy’s surrender of his Egyptian passport is a necessary step for him to be freed and deported as a foreign national under a decree issued by President Abdel Fattah al-Sisi in November. He also has Canadian citizenship. The news came after Canadian Foreign Minister John Baird said Fahmy’s release was “imminent” following the freeing of Greste on Sunday. An Egyptian official following the case said: “The final legal procedures for his (Fahmy’s) deportation are being completed.” He said the renunciation of citizenship had already been finalised. Fahmy and Greste were arrested in December 2013 along with Egyptian producer Baher Mohamed, and later sentenced to up to 10 years in prison on charges of aiding the blacklisted Muslim Brotherhood. Their jailing sparked a global outcry and proved a public relations nightmare for Sisi, who has cracked down on Islamists since toppling president Mohamed Mursi in July 2013. “He signed the papers more than a week ago” giving up his Egyptian citizenship, a relative of Fahmy said on condition of anonymity. “It was very hard for him because he is a proud Egyptian who comes from a family of military servicemen.” Yesterday Fahmy’s fiancee Marwa Omara said: “We are still waiting and we hope that he is out today.” Last month, the three men’s convictions were overturned by an appeal court which ordered a retrial but kept them in custody. Yesterday, in his first posts on his official Twitter account after more than 400 days in jail, Greste—resting in Cyprus—said he would soon be heading home. “Brother Mike and I due to head home to Australia shortly. Can’t wait for the family reunion,” he wrote. “Special thanks to all who’ve EU slams mass death sentences A court in Egypt violated the country’s international human rights obligations by sentencing 183 men to death on Monday for killing 13 policemen, the European Union said. “Today’s decision of a court in Egypt to sentence 183 defendants to death following a mass trial is in violation of Egypt’s international human rights obligations,” the EU’s foreign service said in a statement on Monday. The statement recalled that the EU categorically opposes capital punishment, which it says is cruel and inhuman and fails to act as a deterrent. Monday’s verdict, which can be appealed, came after the initial sentences were sent to the grand mufti, the Egyptian government’s official interpreter of Islamic law, for ratification. supported us over the past year. MUST NOT FORGET THOSE STILL IN PRISON,” he added. On Monday, Greste expressed hope that his two colleagues would be released soon. “This is a massive step forward... I just hope that Egypt keeps going down this path with the others,” he said in an Al Jazeera interview referring to his release. Greste said he felt a “real mix of emotions boiling inside” upon hearing the unexpected news that he was to be released because it meant leaving behind “my brothers” Fahmy and Mohamed. “I feel incredible angst about my colleagues, leaving them behind,” he said. “Amidst all this relief, I still feel a sense of concern. If it’s appropriate for me to be free, it’s right for all of them to be freed.” Al Jazeera has vowed to pursue the campaign to free both Fahmy and producer Mohamed. But the channel’s head of newsgathering, Heather Allan, admitted she was not confident that Mohamed would be released as he has no second passport. “I can’t say I am confident, no. I just don’t know, honestly. Are we going to keep on fighting it? Absolutely—we are not going to leave him there,” she said. Mohamed’s family has pinned its hopes on a presidential pardon or his acquittal on appeal. Amnesty International said Greste’s release should not divert attention from the continuing imprisonment of Fahmy and Mohamed. “All three men are facing trumped up charges and were forced to endure a farcical trial marred by irregularities,” the rights group said. Reuters Washington T US Secretary of State John Kerry and Jordanian Foreign Minister Nasser Judeh shake hands after signing a memorandum of understanding for US assistance to Jordan during a ceremony yesterday in Washington. G unmen in Sudan’s Darfur region have kidnapped two Russians working for UTair, an airline contracted by the international peacekeeping mission there, officials said yesterday. The Sudanese government dismissed the possibility of a ransom payment for their freedom. UTair said two of its employees had been seized in the town of Zalingei last Thursday when a UNAMID (UN-African Union peacekeeping mission in Darfur) minibus was blocked by six cars. “The passengers were forced to get off the minibus at gunpoint and led off in an unknown direction,” the company said in a statement. The hostage-takers had not yet made any demands, it added. The Russian foreign ministry said the two workers of UTair ground service were not harmed in the kidnapping and that it was working to secure their release. Russia’s federal Investigative Committee said the two were a manager and a technician with UTair. Sudan’s foreign ministry said the kidnapping was not a political act. “We condemn this kidnapping and we assure you that we will not succumb to the blackmail by paying a ransom. We have a consistent policy on this,” Minister of State Kamal al-Din Ismail told a news conference. However government officials who requested anonymity said that Sudan has facilitated ransom payments for kidnapped foreigners in the past. A UTair helicopter with the UN mission in neighbouring South Sudan (UNMISS) was shot down last year and three of its crew were killed. UTair operates domestic and international passenger flights, helicopter services and charter flights. he United States yesterday announced plans to increase annual aid to Jordan to $1bn from $660mn to help it pay for the cost of housing refugees from Iraq and Syria and of fighting Islamic State militants. An agreement on the aid, which is subject to the approval of the US Congress, was signed before the wide release of a video that appeared to show Islamic State militants burning a captured Jordanian pilot alive. Jordan is one of a handful of Arab states that have taken part in a USled air campaign against the Islamic State group, which last year seized swathes of Iraq and Syria. The pilot, Maaz al-Kassasbeh, was captured in December after his F-16 crashed in territory controlled by the militants in Syria. In a brief statement, the US State Department said it planned to provide $1bn per year to Jordan for each of the US fiscal years for 2015, 2016 and 2017. The US fiscal year ends on September 30. “The United States recognises Jordan’s increased immediate needs resulting from regional unrest, the efforts Jordan is undertaking at the forefront of the fight against ISIL and other extremist ideology and terrorism, the influx of refugees from Syria and Iraq, the disruption of foreign energy supplies, and other unprecedented strains,” the State Department said. The Islamic State group is also known as the Islamic State of Iraq and the Levant (ISIL). “The increase for the period of FY 2015 to FY 2017 is designed to address Jordan’s short-term, extraordinary needs, including those related to regional instability and rising energy costs,” the State Department added. US Vice President Joe Biden met with Jordan’s King Abdullah yesterday and “reinforced America’s ironclad support” for Jordan and its role in the coalition fighting IS militants, the White House said. Biden offered his condolences to the family of Kassasbeh, and called for the release of hostages held by IS. Blast, gunfire along Egypt-Gaza border Two Russians seized by gunmen in Darfur Reuters Khartoum/Moscow both sides would have to agree on a government head, with two deputies coming from each of the rival assemblies. He said the talks would start at the end of next week at a location kept secret for security reasons, after which the dialogue would widen to several other cities. There was no immediate comment from the House of Representatives. Reuters Ismailia/Gaza E A passerby inspects the site of a blast in central Cairo yesterday. gyptian troops fired warning shots over the frontier into Gaza yesterday after a bomb exploded on Gaza territory near an Egyptian army convoy, Egyptian security sources said, blaming Hamas, which denied the charge. In Alexandria, Egypt’s second city, a man was killed in a bomb blast hours after two devices were discovered at Cairo airport and another went off in the centre of the capital without casualties, other security sources said. Hamas, which governs Gaza, said Palestinian positions had come under fire from Egyptian soil with no justification. “Fire was directed in a surprising, unjustified way and without any violation from the Palestinian side,” said Eyad alBozom, a spokesman for Gaza’s Hamas-run interior ministry. Security concerns have deepened in Egypt since last Thursday, when Islamic State’s Egyptian affiliate claimed responsibility for co-ordinated attacks that killed over 30 security personnel in the Sinai Peninsula. Egypt is facing an Islamist insurgency based in Sinai, which borders the Gaza Strip as well as Israel and Egypt’s Suez Canal. The Egyptian government has accused Hamas of funnelling weapons and fighters to the Sinai-based militants. Palestinian authorities have made contact with Egypt to protest about yesterday’s shooting and have demanded an investigation, Bozom of the Gaza interior ministry said. An Egyptian court last week banned Hamas’ armed wing and listed it as a terrorist organisation, prompting Hamas to reject Egypt as a mediator between Israel and the Palestinians, a role it has played for decades. Authorities have accused the Muslim Brotherhood of conspiring with Hamas against the Egyptian state, allegations both groups deny. Egypt declared the Brotherhood a terrorist group and repressed it systematically since the army ousted one of its leaders, Mohamed Mursi, from the presidency in 2013. Both groups deny accusations that they engage in terrorism. Militants have struck population centres such as Alexandria and Cairo with greater frequency since Mursi was ousted, though the most common and deadliest violence is concentrated in Sinai. Gulf Times Wednesday, February 4, 2015 13 ARAB WORLD Netanyahu’s strongman image boosts ratings Reuters Jerusalem I sraeli voters’ security concerns have boosted Benjamin Netanyahu’s popularity in the past month, helping him to skirt criticism of a widened rift with the White House as he aims for a fourth election success. With violence on the Lebanese border and worries about Iran’s nuclear programme high on voters’ minds, the conservative leader’s reputation for being strong on security helped to raise his ap- proval rating to 51% from 46% in January. The same monthly opinion poll, conducted on Sunday and published in the left-wing Haaretz daily, forecast Netanyahu’s rightwing Likud party would win 25 of parliament’s 120 seats in the March 17 election against 23 for the centre-left Zionist Union. Last month it gave Likud 22 seats and Zionist Union 23. The latest figures showed him on course to build a governing coalition of parties from the right, far-right and Orthodox Jewish blocs and return to power for a fourth term, solidifying his position as Israel’s longest-serving prime minister since David BenGurion. “It seems Netanyahu has the best chances,” said Gideon Rahat, a political scientist at Hebrew University. The poll results will come as a surprise to some: Netanyahu has been fending off criticism at home and abroad over his decision to accept an invitation from John Boehner, the Republican speaker of the US House of Representatives, to address Congress on Iran’s nuclear programme two weeks before the Israeli election. Many have seen Netanyahu’s visit, announced without first consulting the White House, as an insult to US President Barack Obama, with whom he has always had a testy relationship. Yet opinion polls show that Netanyahu is perceived by Israelis as having the steadier hand when it comes to keeping them safe, and he has been peddling that message. A current Likud TV ad shows him ringing the doorbell of parents about to go out for the evening. “You asked for a babysitter? You got a Bibi-sitter,” he says, us- ing his nickname. Several other polls last week presented similar figures to those published in Haaretz on Sunday. It still remains possible that the Zionist Union could secure more seats than Likud come the election. But with the arithmetic suggesting that the party would struggle to cobble together a working coalition, Netanyahu remains more likely to be the man Israeli President Reuven Rivlin asks to form a government. Israeli newspapers moved their focus recently from security matters to allegations - denied by Netanyahu’s lawyers - that his wife Sara pocketed the deposits from recycled bottles purchased for their official residence with state funds. While tricky for Netanyahu, the whiff of scandal has served to shift attention away from issues like the high cost of living and soaring housing prices - the Zionist Union’s main campaigning issues. He may however soon have a more difficult hurdle to negotiate: Israel’s state comptroller is to release a report on February 17 into alleged excessive expenditures at Netanyahu’s residences. The investigation, prompted by complaints about which the comptroller has declined to give further details, will detail expenditures at the prime minister’s three residences on items such as food, furniture, clothing, accommodation and staff, and decide whether public funds were misused. And while the polls are comforting for Netanyahu for now, they have been off the mark in the past. In 2013 they failed to predict a second-place finish for Yesh Atid, then a new centrist party that campaigned on economic issues. Israel call to shelve UN Gaza probe is rebuffed The Palestinians say Netanyahu’s demand is an attempt to intimidate UN investigators and cloud the issue Agencies Jerusalem/Geneva A United Nations inquiry into possible war crimes in the Gaza conflict will produce its report on time next month, officials said yesterday, brushing aside a demand from Israel’s prime minister to shelve it after the chairman resigned. It marked the latest chapter in fraught relations between Israel and the main UN human rights forum, which the Jewish state and its ally Washington accuse of bias against Israel. Mary McGowan Davis, already a member of the independent commission of inquiry on Gaza and a former justice of the Supreme Court of New York, will replace Canadian academic William Schabas, a UN statement said. Schabas said on Monday he would resign after Israeli allegations of bias due to consultancy work he did for the Palestine Liberation Organisation. Israeli Prime Minister Benjamin Netanyahu said in a statement that following the resignation, publication of the report ought to be shelved and that Hamas should be investigated rather than the Jewish state. More than 2,100 Palestinians, most of them civilians, 67 Israeli soldiers and six civilians in Israel, were killed in last summer’s conflict. The UN investigation, due to issue its report on March 23, is Bus carrying Israeli Muslims crashes, 8 dead A collision involving a truck and a bus carrying Israeli Muslims returning from prayer at Jerusalem’s Al Aqsa mosque killed eight people yesterday, police and local officials said. At least 24 people were injured in the crash at a junction in southern Israel near several Bedouin Arab towns, medical officials said. Most of the casualties were women, they said. Israel’s Channel Two TV cited witnesses as saying that a tractor being ferried by the truck came loose and toppled into the bus. The mayor of the nearby town of Rahat, Talal alKariani, told the station that the bus passengers were mostly elderly, local Muslims, who go to pray at the Al Aqsa mosque in daily organised or weekly trips. probing violations by both sides. Schabas’ resignation follows a letter from Israel’s ambassador to the United Nations in Geneva, Eviatar Manor, to Human Rights Council President Joachim Ruecker of Germany decrying what he called a “blatant conflict of interest” and Schabas’ prior relationship with the Palestinians. Manor demanded his immediate dismissal in the January 30 letter, made public yesterday. Israel announced months ago that it would not co-operate with the inquiry, calling it a “kangaroo court”. Alleging bias, it had previously boycotted the 47-member state forum for 20 months, returning in October 2013. Schabas said in a letter to Ruecker he had been paid $1,300 for a legal opinion to the PLO in October 2012, but that he had acted with full “independence and impartiality” as chairman. “The President respects the decision of Professor Schabas and appreciates that in this way even the appearance of a conflict of interest is avoided, thus preserving the integrity of the process,” Ruecker said in a statement. The investigators are “now in the final phase of collecting evidence from as many victims and witnesses as possible from both sides”, he said. The inquiry was set up by the Geneva forum last July at the Palestinians’ request. Its other member is veteran investigator Doudou Diene of Senegal. Schabas, in his letter, said he had not been asked to provide any details of his past activity concerning Palestine and Israel. His curriculum vitae and blog were public, he said. “This work in defence of human rights appears to have made me a huge target for malicious attacks, which, if Israel’s complaint is to be taken at face value, will only intensify in the weeks to come,” he said. Rather than waiting for a legal opinion from the world body in New York, which would delay final drafting of its report, its work would be better served by his resignation, he said. Ruecker accepted the resignation, with spokesman Rolando Gomez saying that “in this way even an appearance of conflict of interest is avoided, thus preserving the integrity of the process.” But Netanyahu seized on Schabas’s departure to demand the whole investigation be abandoned, charging that the rights council was an “anti-Israel body”. “After the resignation of the committee chairman who was biased against Israel, the report that was written at the behest of the UN Human Rights Council—an anti-Israel body, the decisions of which prove it has nothing to do with human rights—needs to be shelved,” Netanyahu said. “This is the same council that in 2014 made more decisions against Israel than against Iran, Syria and North Korea combined.” The Palestinians said Netanyahu’s calls were an attempt to intimidate UN investigators and cloud the issue. “This (resignation) is a minor issue. Israel makes a habit of using whatever means they can to attack, defame, discredit and intimidate,” senior PLO official Hanan Ashrawi said. Employees process data on their laptops at Unit One in Gaza City. IT company in Gaza has Google-sized aspirations Reuters Gaza H is company may not rival Google or German software maker SAP yet, but Gaza-based IT entrepreneur Saady Lozon has plans to change that. In nine years, Lozon and his partner Ahmed Abu Shaban have transformed their firm, Unit One, from a tiny outfit in a single room in the blockaded Gaza Strip into a successful business with clients in Europe, the United States and the Arab world. They can’t leave Gaza easily, but they can develop applications for web and mobile devices online and provide international clients with data-management services, competing with firms in India and elsewhere. “We have managed to knock a hole in the wall of the blockade,” Lozon, 33, said of the company, which will soon expand to more than 60 employees from 13, the majority women. “We deliver in time, just as the client wishes.” Lozon and Abu Shaban came up with the idea after graduating with degrees in computer science. Lozon worked briefly as an IT contractor for the United Nations and quickly realised he would rather run a company of his own. They won their first client after making a pitch via Skype and offering a free trial. They borrowed money from friends to buy computers and slowly expanded. The firm now occupies two apartments on the fifth floor of a building in a smart district of Gaza overlooking the Mediterranean. Protest against land grab At the offices, dozens of women, most wearing headscarves, are busy at work, one group entering data on global trademarks for a company in the Netherlands. Initially Unit One was focused on software development and building apps for iPhone and Android, but now there is a larger unit handling dataprocessing. Along the way there have been serious hurdles, including the war between Hamas and Israel last July and August which caused staffing and power disruptions, and the fact banks in Gaza cannot easily receive transfers from abroad. “It was difficult at the beginning,” said Lozon. “In 2006, when the blockade started, we had to open an account in the West Bank,” he said. Israel imposed a blockade on Probe ordered into Palestinian cartoon Reuters Ramallah P A man hangs a Palestinian flag as others erect the steel frames of a tent on land that they said was confiscated by Israel, during a protest against land confiscations near the West Bank town of Abu Dis near Jerusalem yesterday. Gaza after Hamas won power in 2006. Both Egypt and Israel continue to impose tight controls on the movement of goods and people in and out of the enclave, where 1.8mn people live. Lozon said the Gaza war had been particularly problematic in an industry where success depends on quick delivery. “We are trying to regain trust,” he said. “We are telling everyone that Gaza can do the job regardless of the obstacles.” Asked about finances, Lozon declines to go into detail, but says the company is profitable and expanding. When he advertised for 10 new jobs, he got 400 applications. “We are working to be like Google,” he said with confidence. “I hope to make Unit One like Google for the people of Gaza, not only for business but also for entertainment.” alestinian President Mahmoud Abbas has ordered an investigation into a cartoon apparently depicting Prophet Muhammad in an official Palestinian newspaper. The move came less than a month after Abbas joined world leaders in a march for free speech in Paris following a deadly attack by Islamist gunmen on the French satirical weekly Charlie Hebdo, which had caricatured Muhammad. A drawing in the West Bankbased newspaper Al Hayat alJadidah on Sunday showed a robed man standing astride Earth and reaching into a heartshaped pouch to sow seeds of love around the world. The caption reads: “Our Prophet Muhammad”. Artist Mohamed Sabanneh said he meant no harm. The figure was not Muhammad but “a symbol of humanity enlightened by what the Prophet Muhammad brought”, he wrote on Facebook. In a report late on Monday, the official Palestinian news agency Wafa said Abbas had ordered “an immediate investigation”. It quoted him citing “the need to take deterrent action against those responsible for this terrible mistake, out of respect for sacred religious symbols and foremost among them the prophets”. Sabaaneh, one of the most prominent Palestinian cartoonists in a society that has long prized them as incisive critics of Israel, has faced free speech controversy before. Imprisoned by Israel for five months and fined last year for “being in contact with hostile parties”, Sabaaneh and his backers said Israel sought to silence his mordant cartoons. No public threats have been made against Sabaaneh, who thanked his supporters online. “Despite facing a committee of inquiry, I love this country,” he wrote yesterday. 14 Gulf Times Wednesday, February 4, 2015 AFRICA FOOD FOR THOUGHT! Shoppers walk past crocodiles for sale at a market in Bata, Equatorial Guinea, where markets sell as food a variety of animals, including pangolins, monkeys and crocodiles. PLANK SNAPS SANCTIONED SEEKING JUSTICE ACCIDENT Cleric, undertaker fall into grave at S Africa funeral Mugabe can come to Europe ‘as AU head’ Burundi rights groups protest jail for radio chief 16 killed in north Nigeria bus-truck collision A church minister, the undertaker and several pallbearers fell into a grave during the funeral of a young man in the town of Bethlehem, in central South Africa, local media reported yesterday. A witness told the Afrikaans newspaper Volksblad that shortly after the coffin was lowered into the ground, a wooden plank on the edge of the burial pit snapped, sending the undertaker tumbling into the grave. The minister then slipped and fell into the grave, followed by several pallbearers. They were helped out of the grave by mourners. The undertaker confirmed the incident to the paper, but refused to give details. Zimbabwe President Robert Mugabe can visit the EU in his capacity as new head of the African Union despite a long-standing travel ban by Brussels. “This ban will be lifted when he is travelling under his African Union chairmanship capacity,” European Commission spokeswoman Catherine Ray said. Asked if that would also apply to Mugabe’s wife if she accompanied him, Ray said she would have to check. The EU issued a special invitation for Mugabe to attend the EU-Africa summit in Brussels last year but he turned it down in disgust when his wife Grace was denied a visa to travel with him. Some 150 journalists and civil rights activists in Burundi demonstrated yesterday to demand the release of a radio station boss accused of complicity in the murder of three Italian nuns. Bob Rugurika, director of the popular African Public Radio, was arrested in January after broadcasting the purported confession of a man claiming he was one of the killers. Protesters outside the courthouse in the capital Bujumbura defied an order from the mayor not to assemble, but police allowed their demonstration to go ahead. “We are here to... seek justice and freedom for Bob Rugurika, who is unjustly imprisoned,” said Patrick Nduwimana, from Burundi’s radio journalists association. Sixteen people were killed and 35 injured when a passenger bus collided with a truck on a road in northern Nigeria’s Yobe State, a senior road safety official has said. “Sixteen people died in the accident and 35 others were injured,” Abdullahi Galambi, deputy head of the Federal Road Safety Commission in the state told AFP. He said the accident occurred near the village of Dogon Kuka. The driver of the bus “lost control and veered off the road after one of the tyres burst,” he said. The truck had been transporting aid for people displaced by Boko Haram violence in Maiduguri, he added. Lessons to learn! Chadian troops enter Nigeria to fend off Boko Haram attacks AFP N’Djamena C had yesterday sent ground troops into Nigeria for the first time to fight Boko Haram in a clear sign of increased regional pressure on the Islamist rebels after weeks of surging violence. For almost an hour, Chadian warplanes struck Boko Haram positions, then armoured vehicles rolled across the bridge linking Fotokol town in Cameroon with Gamboru in Nigeria, clearing the way for the infantry. The action comes after the African Union last week backed a new fivenation, 7,500-strong force to take on Boko Haram because of growing fears about its threat to regional security. Boko Haram, which has been waging a bloody insurgency in Nigeria since 2009, has in the last six months seized dozens of towns and villages in the northeast and stepped up attacks in neighbouring nations. The upsurge in violence has been attributed to its aim of disrupting Nigeria’s presidential and parliamentary elections on February 14, which are shaping up as a close race between President Goodluck Jonathan and the main opposition. Chad’s military has conducted days of air strikes against the armed extremists, while waiting for authorisation to operate on the ground in Nigeria via Cameroon, which has faced attack from Boko Haram. The entire Chadian contingent of about 2,000 troops had crossed the frontier by midday without a shot being fired, said an AFP correspondent in Fotokol. Chadian forces were also deployed near two villages in Niger just across the border from Nigeria. “A contingent of about 400 vehicles and tanks is stationed between Mamori and Bosso,” local private radio Anfani reported. Chadian soldiers have also been deployed at Daboa in the Lake Chad area where the borders of Nigeria, Chad and Niger converge. Chad’s President Idriss Deby had sent soldiers to Cameroon in midJanuary to assist troops from Yaounde fighting increasing incursions in the country’s far northeast. N’Djamena was already part of a long-standing regional force with Niger and Nigeria in the Lake Chad area whose mandate was extended to counter-insurgency operations. But that force had been assumed to be moribund after Boko Haram overran the multinational base in Baga, northern Borno, on January 3, in an attack that also left hundreds of civilians feared dead. Nigerian authorities said late on Monday that Gamboru, on the eastern fringe of Borno state, had been reclaimed after three days of air strikes by Chadian warplanes. A Chadian army officer, who asked to remain anonymous, said Boko Haram fighters were “in the whole town, hiding in the houses, and they have posted snipers everywhere”. The Nigerian army, which has been criticised for failing to crush the sixyear insurgency, had also recaptured Mafa, Mallam Fatori, Abadam and Marte towns, the government in Abuja said. Previous operations in the northeast had liberated 11 towns in Adamawa state, to the southeast of Borno, and two in Yobe state to the west, national security spokesman Mike Omeri added. Boko Haram, which bitterly opposes Western education and seeks to establish a broad caliphate under strict Islamic law, still controls six regions in Adamawa state. On Sunday, Nigerian troops repelled a Boko Haram assault on the Borno state capital, Maiduguri, for the second time in a week. The city, where Boko Haram was founded in 2002 and which is currently swollen by hundreds of thousands of refugees from the violence, is considered one of the few places where voting could feasibly take place on February 14. On Monday, Jonathan escaped a suspected suicide bomb attack after he left a campaign rally in Gombe in the northeast. The target of the attack remained unclear but rescue workers and health staff said 18 people wounded in a car park were taken to hospital with the bodies of two women believed to be bombers. Welcome visitor German President Joachim Gauck greets Tanzanian students on his arrival in Dar es Salaam yesterday. Gauck is in Tanzania for a five-day state visit. Kenyan teachers demonstrate outside Parliament in Nairobi, refusing to go back to their workplaces and asking to be reassigned to other regions, citing insecurity in Mandera, Wajir and Garissa, some 700km north of the capital. Some 200 teachers working in northeastern Kenya, where 20 teachers were killed last November by an Islamist commando, demonstrated in Nairobi to demand reassignment elsewhere in the country. Harare forced flood-hit into state project: HRW AFP Harare T he Zimbabwe government used violence and restricted humanitarian aid to force about 20,000 flood victims to resettle on tiny plots earmarked for a sugarcane plantation, Human Rights Watch said yesterday. The one-hectare plots are on a farm that has close links to President Robert Mugabe’s ruling ZANU-PF party, the rights group said in a 57-page report. Under the government’s plans, the flood victims are required to grow sugarcane on Nuanetsi Ranch in the southeastern Masvingo province to contribute to a government-owned ethanol project. “The Zimbabwean government has stopped at nothing to coerce 20,000 flood victims to accept a resettlement package that provides labour for a government project, but leaves the flood victims utterly destitute,” HRW’s Dewa Mavhinga. “The Zimbabwean government should immediately give the victims adequate aid without conditions and compensate them fairly for their losses.” Mavhinga told a news conference that the villagers were displaced from their homes a year ago when floods hit the Tokwe-Mukorsi dam construction area, in Masvingo province. Mugabe declared the floods a national disaster and appealed for $20mn from donor agencies to assist in relocating the villagers. Despite promises of compensation and new houses for the displaced villagers, nothing has been done, HRW said. “They (villagers) do not have access to adequate food, shelter, sanitation and potable water,” Mavhinga said, adding that the villagers were living in tents. The massive Tokwe-Mukorsi dam project, which began more than a decade ago, is near completion and is ex- pected to assist in power generation and irrigation projects. Some of the flood victims were already slated for resettlement prior to the emergency, but had resisted moving without receiving fair compensation for their property. “The government used violence and intimidation to quell protests, and restricted food distribution and health and education services to those who refused to accept government resettlement plans,” the report said. The flood victims told HRW the new plots are too small to support their families and that they are being given no choice but to grow sugarcane for a project that will not be fully operational for seven years. HRW said the circumstances surrounding the floods were “suspicious”, suggesting that they could have been prevented by letting out water downstream. Togo election set for mid-April: minister AFP Lome T ogo’s presidential election will be held in mid-April, a minister said yesterday, clarifying a constitutional court ruling on the date of the vote. The cabinet is expected to set the date based on proposals from the national election commission, the minister for territorial administration, Gilbert Balawa, told AFP. A statement from Togo’s constitutional court on Monday was interpreted to mean that voting had to take place no later than March 5, a timeline that opposition leader Jean-Pierre Fabre said was “materially impossible to respect”. But yesterday, the court issued a second statement to clarify that in fact only the date of the election had to be set by March 5. President Faure Gnassingbe’s government then announced that the vote would be held by mid-April. Gnassingbe has been in power since the 2005 death of his father, General Gnassingbe Eyadema, who ruled with an iron fist for 38 years. The opposition has been pushing for a change to the country’s constitution to limit a president to two, five-year terms. There is currently no limit. Lawmakers are currently debating a constitutional reform bill that would bar the 48-year-old head of state from seeking re-election for a third term. He has not yet declared his candidacy. A first draft of the bill was rejected in June by parliament, which is dominated by the president’s ruling Rally of the Togolese People. The situation in Togo is slightly different to some other African nations where presidents have tried, and often succeeded, in rewriting their countries’ constitutions to get rid of term limits. However, it does follow a pattern of resistance in some African countries of allowing their leaders to stay in power indefinitely. Protests gripped the Democratic Republic of Congo over recent weeks after opposition saw an election law as a way for President Joseph Kabila to extend his term in office. Burkina Faso’s president Blaise Compaore was chased from power last year when he tried to change the constitution to extend his 27-year rule. Race row sparks probe at private schools in SA AFP Pretoria S outh African education and human rights authorities said yesterday they had launched investigations into racism at private schools after parents at one school complained that black and white pupils were segregated. The probe was ordered after 30 parents of children at Curro Foundation School - a pre-primary school in Pretoria wrote a petition last month condemning the splitting of classes based on race. “The sector needs to be regulated,” said Panyaza Lesufi, the provincial education minister for Gauteng, the country’s most populous province which houses the economic hub Johannesburg and the capital Pretoria. “I will not allow any child to be reminded about where we came from,” said Lesufi. Under South Africa’s former apartheid system, which ended with the country’s first democratic elections in 1994, racial segregation was the norm in all walks of life. Lesufi said he had been inundated by complaints of racism at schools since the Curro case was exposed last week, and threatened to deregister any offending institutions. Private schools are increasingly popular in South Africa among the middle classes who can afford what they consider to be superior education to that offered by government schools. The official South African Human Rights Commission has launched a parallel probe into the Pretoria-based school. “It is concerning to us as the Human Rights Commission that children will be segregated based on the colour of their skin in the new South Africa,” commission spokesman Isaac Mangena told AFP. He said the school had promised to undertake “immediate reforms - in essence conceding to ... the allegations of segregation.” The rights watchdog sent officials yesterday to the school “to monitor the commitment of reintegrating black and white children”. The school’s holding company Curro Holdings, which owns 42 schools with around 36,000 pupils across the country, last week denied the racism allegations and suggested children had been separated for reasons of “culture”. But the group of schools chief operating officer Andries Greyling later said the word “culture” had been misunderstood. “We never meant culture in the way it was perceived,” said Greyling. Group CEO Chris van der Merwe said “Curro does not support any form of racial segregation in its schools.” In response to charges that Curro employed only white teachers at the Pretoria school, Greyling said: “We are struggling to get teachers of colour to apply at Curro”. The Human Rights Commission said that despite the end of apartheid 20 years ago, “racism is widespread and most of the complaints we are dealing with are around racism”. The Curro furore has ignited mixed views from parents of the children at the school. Thinus Pienaar, who is white, defended the splitting of classes saying language was the reason behind the separation. “It was never a question of putting black people in one class and white people in another class. It was a question of putting language parameters in place,” he told AFP after dropping off his child at the school yesterday. He suggested blacks prefer their children to be educated in English while some whites would opt for Afrikaans. But Bonolo Sekgwe, a black parent, opposed the separation of classes because it went against the spirit of a free South Africa. “We are building a democratic country, our neighbours are all different colours at home, so why come to school and segregate them. What are we teaching our kids? It is a problem,” she told AFP. Gulf Times Wednesday, February 4, 2015 15 AMERICAS Cuba envoy sounds warning on talks There are hurdles to cross before ties are normalised Reuters Havana C uba has warned the United States that it wants American diplomats to scale back aid for Cuban dissidents before the two countries can reopen embassies in each other’s capitals. The long-time adversaries are negotiating the restoration of diplomatic relations as a first step toward reversing more than five decades of confrontation. Officials for both governments met in Havana in January and a second round of talks is expected to be held in Washington this month. But Cuba’s lead negotiator said in an interview broadcast on state television that if the United States wants free movement for its diplomats in Cuba, it must stop using them to support the political opposition. “The way those (US) diplomats act should change in terms of stimulating, organising, training, supplying and financing elements within our country that act against the interests of ... the government of the Cuban people,” Josefina Vidal said. “The total freedom of movement, which the US side is posing, is tied to a change in the behavior of its diplomatic mission and its officials,” said Vidal, Cuba’s top official for US affairs. Washington has long criticised the communist government for repressing opponents of the one-party system. While public support for dissidents is limited, A woman wearing a US flag leggings in Havana yesterday. they receive plenty of attention from US and Western diplomats. The United States says it supports Cuban activists who exercise their right to freedom of expression. The restoration of diplomatic ties could happen before a regional summit in Panama in April, when president Barack Obama and Cuban president Raul Castro would meet for the first time since shaking hands at the funeral of Nelson Mandela in December 2013. Obama and Castro spoke on the phone the day before their separate but simultaneous announcements on December 17 that they would attempt to end their Cold War-era hostilities. The warning by Vidal suggested there were obstacles to restoring diplomatic ties, which has been seen as a relatively easy first step before the two sides try to resolve deeper differences on matters such as human rights and the US economic embargo of Cuba. Vidal said the conduct of Cuban diplomats in Washington was “impeccable”, while suggesting the Americans were meddling in internal Cuban affairs. “Matters of the internal affairs in Cuba are not negotiable,” Vidal said. “Nor are we going to negotiate matters of an internal nature regarding Cuban sovereignty in exchange for lifting the embargo. Beyond that, everything else is a process of negotiation.” The United States won’t curtail its support for democracy and human rights activists in Cuba as part of any agreement to restore embassies between the two countries after a halfcentury interruption, the top US diplomat for Latin America said yesterday. But assistant secretary of state for western hemisphere affairs Roberta Jacobson did say that more US-Cuba talks on re-establishing full diplomatic relations were planned for later this month. Testifying at the first senate hearing chaired by senator Marco Rubio, a Cuban-American and likely presidential candidate, Jacobson faced a mix of policy and political questions. Beyond the packed gallery, the sizeable presence of television media from Rubio’s home state of Florida was unusual for a senate foreign relations subcommittee session. Rubio asked Jacobson and State Department human rights chief Tom Malinowski if they would be willing to sacrifice human rights in an embassy agreement. He read from an interview that Josefina Vidal, Cuba’s top negotiator, gave. “We would not curtail the activities we’re doing now,” Jacobson answered. When Rubio pressed her for a firm commitment, she said she couldn’t imagine a US embassy operating in Havana under such conditions and suggested that Vidal’s comments may have been more posturing than an actual negotiating position. Jacobson’s trip to Havana last month made her the highest-level US official to visit Cuban capital in more than three decades. The talks encompassed the details of reconstituting embassies in each other’s capitals, managing migration flows and the much larger process of normalising ties between governments with unresolved issues ranging from fugitives to financial claims. Mayor de Blasio vows to make New York city more affordable Reuters New York N ew York City mayor Bill de Blasio plans to make it compulsory for developers to include cheaper, affordable apartments if they build in newly rezoned parts of the city, he said in his second annual State of the City speech yesterday. De Blasio also said the city will triple the money it spends on providing legal services to tenants to $36mn in the hope of making it harder for landlords to force out older, poorer tenants in favour of new ones willing to pay more. “New York risks taking on the qualities of a gated community, a place defined by exclusivity rather than opportunity,” de Blasio said onstage at Baruch College in Manhattan in remarks he sometimes paused to repeat in Spanish. The mayor, whose remarks were dominated by the topic of affordable housing in one of the most expensive cities in the United States, said 56% New York tenants spent more than 30% of their income on rent last year. De Blasio, a liberal Democrat, took office 13 months ago after criticising his predecessor, Michael Bloomberg, for creating a “Tale of Two Cities” divided by inequality over his 12 years in power. Bloomberg offered tax incentives to developers to include affordable homes in their buildings, but it was generally optional. Last year, de Blasio launched an ambitious expansion of pre-kindergarten, or “pre-K,” for more than 50,000 young children last year, fulfilling one of his main campaign pledges. He has pledged to “build and preserve” 200,000 affordable homes in the coming decade. Bloomberg, using similar language, promised to “create or preserve” 165,000 affordable homes over his tenure, and ended up building about 50,000. De Blasio’s office has mulled different ways of luring developers with generous, decadeslong tax breaks. The mayor has also been grappling with his campaign promise to mend frayed relations between police and black and Latino New Yorkers, who were stopped and frisked by the police in disproportionate numbers under the previous administration. Many police officers have been angered by de Blasio’s support of critics of police practices, and have engaged in open insubordination by turning their backs on the mayor at public events and embarking on a temporary New York City Mayor Bill de Blasio delivers his State of the City address at Baruch work slowdown in December. College in the Manhattan borough of New York City. Senate row hits funding of homeland security AFP Washington T he US Senate is to vote on whether to advance a controversial Republican bill that funds homeland security but rolls back president Barack Obama’s immigration plan, with Democrats revolting against the measure. In December, lawmakers funded all federal departments through the end of fiscal year 2015 except for the Department of Homeland Security, which it funded only through February 27 so the new Republicancontrolled Congress could put brakes on Obama’s plan to shield millions of undocumented workers from deportation. The subsequent battle over DHS funding has become one of the most turbulent congressional debates of 2015, with Republicans irate over what they describe as presidential overreach, and most Democrats lining up behind Obama, who has threatened to veto the legislation. Last month, the House passed the bill funding DHS through September, but attached five riders that would strip Obama’s authority to carry out his unilateral immigration action. Should the Senate fail to follow suit, lawmakers will be faced with forging a compromise in barely three weeks, or see parts of the department that oversees border security, cyberterrorism prevention and the US Secret Service which protects the president go into partial shutdown. The US-Mexico border wall in Calexico, California. Senate majority leader Mitch McConnell acknowledged the vote was largely about challenging Democrats and their support for the president while he “repeatedly reached beyond his authority”. “The truth is the latest power grab isn’t really about immigration reform; it’s about making an already-broken system even more broken,” McConnell added. “The question is, do Democrats agree with the president? Well, we’ll soon find out.” Republicans, who hold 54 of the Senate’s 100 seats, need 60 votes to advance the measure. Democrats oppose the bill’s “poison pill” immigration inserts, and insist on passing a clean DHS funding bill. “Take off the riders, take off the political extraneous things,” number two Senate Democrat Dick Durbin said. “It is incredible to me that we have refused to provide the funds that the DHS needs to keep America safe.” The Democratic Senate caucus was meeting Tuesday before the roll call to discuss how to vote on the measure. Pilot was taking ‘selfies’ before crash Reuters Colorado T he pilot of a small plane was taking selfie pictures with a cellphone on a series of short flights around a Colorado airport in 2014 before he crashed on one of the jaunts, killing himself and a passenger, federal investigators found. The National Transportation Safety Board said the 29-yearold pilot of the Cessna 150K plane lost control in the crash near Watkins, Colorado. “Contributing to the accident was the pilot’s distraction due to his cellphone use while manoeuvring at low altitude,” the NTSB said in a report issued last week. The Adams County coroner’s office has identified the pilot as Amritpal Singh and the passenger as 31-year-old Jatinder Singh. It was unclear whether the two were related. The wreckage of the crashed airplane A GoPro camera was mounted on the windshield of the plane facing into the cockpit, so it captured the actions of the pilot and his passengers on a series of short flights around the Front Range Airport, which is less than 30 miles east of Denver, the NTSB report said. The GoPro camera did not capture the flight that resulted in the crash, but in recordings of previous flights that day the pilot and a number of his passengers were seen taking selfie pictures on their cellphones and the pilot was observed texting on his phone, the NTSB report said. Mass murderer Manson not marrying after all AFP California U S mass murderer Charles Manson is not getting married after all -- at least not with the wedding licence he secured late last year, a prisons official said. The 80-year-old Manson was granted permission last November to wed 26-year-old Afton Elaine Burton, described in US media as a slender brunette, who has been visiting him in prison. But the 90-day license expires this week, and the couple can only wed during weekend visiting hours, which they have not yet done, a spokesman for the California Department of Corrections and Rehabilitation said. “The licence expires on February 5. Inmate weddings must happen during visiting times. There are no visiting times scheduled between now and February 5,” spokesman Jeffrey Callison told AFP. Manson has been in prison for more than four decades after the 1969 killings, which included the brutal murder of director Roman Polanski’s actress wife, Sharon Tate, who was eight-and-a-half months pregnant. But Burton, who also calls herself Star, said last year that she and Manson were madly in love and already consider themselves married. “I’m completely with him, and he’s completely with me. It’s what I was born for, you know. I don’t know what else to say,” she told CNN in August of the now gray-haired killer, who has a swastika tattooed on his forehead. She said she had been following Manson’s “philosophy” since she was a teenager and moved to Corcoran, where the convicted murderer is detained, to be closer to him. Manson was married twice before he was jailed, first to Rosalie Jean Willis from 1955 to 1958, and later to Candy Stevens between 1959 and 1963. He was sentenced to death in 1969 along with four of his disciples for having led the killing of seven people, but their sentences were later commuted to life in prison. Manson applied for parole in 2012 but was denied release and is not eligible to apply again until 2027. Manson headed an apocalyptic cult that committed murders in upscale, mostly white neighborhoods of Los Angeles in order to blame the crimes on African Americans, in the hope of sparking what he termed a “Helter Skelter” race war. The California prisons spokesman said he did not know if Manson or Burton would apply for another marriage license. “What inmate Manson and his fiancee choose to do is entirely a matter for them to decide,” Callison said. Charles Manson (L) taken during his trial in March, 1971, and on March 18, 2009 at California State Prison. 16 Gulf Times Wednesday, February 4, 2015 AMERICAS Canadian foreign minister resigns Baird’s hardline stance on conflict zones may have contributed to his fall AFP Toronto Reuters Toronto F oreign affairs minister John Baird, who carved out a more assertive role for Canada on major international issues, announced yesterday he is stepping down and will not stand in upcoming elections. The surprise departure of one of Prime Minister Stephen Harper’s most trusted lieutenants is a major loss as the Conservative leader seeks a fourth mandate to govern in October elections. Baird told parliament he spoke to Harper Monday night and “informed him I was standing down from cabinet”. “I expressed my intention not to run in the next general election... and I also expressed my intention to stand down as member of parliament... in the weeks ahead,” he said. The 45-year-old Baird gave no reason for his decision to step down after a 20year career in Canadian politics in which he held 10 ministerial posts at both the federal level and in Ontario. “John has always been willing to do a lot of heavy lifting in my various cabinets and has assumed daunting new responsibilities with unsurpassed energy, commitment and professionalism, never losing sight of the fact that he was serving the Canadian people,” Harper said in a statement. As foreign minister, Baird firmed up Ottawa’s staunch support of Israel, expanded Canada’s military reach abroad and aligned development aid with the nation’s trade priorities. He also has taken on Russia over the Ukraine conflict, the Islamic State and the Mujahideen talks in Iran cited during terror trial T Canada’s Foreign Minister John Baird (C) receives a standing ovation before announcing his resignation in the house of commons on Parliament Hill in Ottawa. Ebola crises. Most recently he worked for the release of Egyptian-Canadian journalist Mohamed Fahmy from an Egyptian jail—which Baird said Monday was “imminent”. A successor was not immediately announced. Possible contenders include jobs minister Jason Kenney or transport minister Lisa Raitt. Baird’s departure from the cabinet follows that of finance minister Jim Flaherty last year, who died a short time later. Their absence leaves Harper without two close collaborators as his party faces elections in October. Baird urged pundits not to underestimate Harper, however. “When many others counted him out, I believed in this prime minister and I continue to believe in him today, all these years later,” he said. “There is no better person to lead our country into its 150th year. He is one of our country’s great leaders,” he added. A former environment and transport minister, Baird had been in Parliament since 2006. Friends and foes in the House called him “Rusty”. In the press he earned the nickname “Bulldog” for his ardent and eloquent defence of government policies. “I was perhaps just a little naive, driven by ideology, defined by partisanship, at the age of 25” at the start of his political career. He said he has since learned, “You need, instead, to be defined by your values.” Baird did not say what he planned to do next, but it was widely assumed he would take a job in the private sector. Devil’s Brigade wo men charged with plotting to derail a train travelling from New York to Toronto had their plans foiled by an undercover police officer who convinced them he could help pull off the attack, jurors heard at the opening of their trial on Monday. One of the men, Tunisian Chiheb Esseghaier, told the undercover officer that he had met with “mujahideen” in Iran and had a plan in place with a “Palestinian brother,” a reference to the second defendant, Raed Jaser, the court heard. In opening remarks, prosecuting lawyers said the two were motivated by Islamic extremism and wanted to murder people to instil fear, and so that Canada and the United States would remove their troops from Muslim lands. The pair also spoke of other plans, including the use of a sniper to target political leaders, the undercover officer said. “We don’t want the sheep. We want the wolf,” Jaser told the undercover officer and Esseghaier in September 2012, making reference to the Group of 8 summits often held in Canada. The two men were arrested in April 2013, and police at the time said the plot was backed by Al Qaeda. Each of the men faces five terrorism-related charges, and not guilty pleas have been entered on their behalf. The undercover officer, whose identity is the subject of a publication ban, told the Toronto court that he befriended Esseghaier on a flight from Houston to Santa Clara, California, in June, 2012. He told Esseghaier he worked for his uncle in a highend real estate business. On the 3-1/2 hour flight they talked about “a great deal of religion, some politics,” said the officer, the first witness put on the stand by prosecutors in a trial that is expected to last six to eight weeks. The agent visited Esseghaier in Montreal, where he was living while a PhD student in medical biotechnology. At Esseghaier’s one-bedroom apartment, the agent sat on a mattress in the living room while Esseghaier told him to turn off his mobile phones and then showed him visas and stamps for his recent trips to Iran, the court heard. The Muslim guerilla fighters he meet with in Iran told Esseghaier to return to Canada, the officer said. The pair later visited potential sites for the attack on at least two occasions, prosecutors said. Jaser’s father and lawyer both declined to comment when approached by Reuters. Esseghaier has refused to acknowledge the authority of the court and has not retained legal counsel. Suspect held Canadian police said yesterday they arrested a suspect on terrorism charges and would reveal more details at 3pm ET (2000 GMT). A statement by the Royal Canadian Mounted Police said the arrest had been made following a national security criminal investigation. Day care shuts after baby gets measles Reuters Los Angeles Personnel of the First Special Service Force (also known as the Devil’s Brigade) are briefed before setting out on a patrol at Anzio beachhead, Italy, April 20, 1944. The unit, which will receive a Congressional Gold Medal in Washington laid the foundation for modern-day special forces units in the United States and Canada. Ruling on BP fine over oil spill months away, say lawyers Reuters Houston I t may be months before a final verdict is issued on the size of the fine BP Plc will pay under the Clean Water Act for its 2010 Gulf of Mexico oil spill, lawyers said yesterday after the last phase of the trial ended. US district court judge Carl Barbier in New Orleans, Louisiana, is scheduled to receive post-trial briefs from government prosecutors and BP through April 24. Barbier might rule before then although a decision after all briefs are filed is more likely, the lawyers said. In arguments that wrapped up on Monday, BP tried to whittle away at $13.7bn in potential fines it faces under the Clean A slick created by the 2010 spill. Water Act for the worst offshore disaster in US history. BP has said its fine should be modest as it took extensive steps to mitigate the disaster and that the defendant named in the case, BP’s exploration and production unit, known as BPXP, cannot afford a big penalty. BP also said a drop of more than 50% in oil prices since June has slashed BPXP’s value. The government urged a fine at or near the maximum. Clean Water Act rules say when assigning penalties the court must look at BP’s ability to pay, steps it took to clean up the spill, and its history of past violations, among other factors. The Clean Water Act penalties would come on top of more than $42bn the oil major has set aside for cleanup, compensation and fines. About 810,000 barrels were collected during cleanup. Several billion dollars in potential fines were avoided in January when Barbier put the size of the spill at 3.19mn barrels. That was well below the government’s estimate of 4.09mn barrels, which could have led to $17.6bn in fines. All three phases of the trial, over the degree of negligence, the size of the spill, and the size of the fine, have now concluded. Under a “gross negligence” ruling Barbier issued in September, BP could be fined a statutory limit of $4,300 for each barrel spilled, though he has authority to set lower penalties. BP has also filed motions saying the maximum fine per barrel is in fact just $3,000 because Congress never passed laws to adjust it for inflation. A simple “negligence” ruling, which BP sought, caps the maximum fine at $1,100 per barrel. A day care centre at a Southern California high school has been closed after a baby enrolled in the programme was diagnosed with measles amid an outbreak that has already infected more than 100 people nationwide, the Los Angeles Times reported on Monday. The infant was enrolled at the child-care centre at Santa Monica High School, where a freshman baseball coach contracted measles last month, the Times reported. It was not immediately clear if the two cases were related. A spokeswoman for the Santa Monica-Malibu Unified School district could not immediately be reached for comment by Reuters. The spokeswoman told the Times that the baby was under the age of 12 months and therefore could not be immunised for measles. She said that the district was working with health officials to determine the extent of exposure among other enrollees at the day care centre and that it was not immediately clear when it would reopen, according to the newspaper. The California Department of Public Health said on Monday that 92 cases of measles had been confirmed in the state, up from 91 on Friday. Fifty-nine of those cases have been epidemiologically linked to an outbreak that public health officials believe began when an infected person visited Disneyland in Anaheim in late December. More than a dozen other cases have been confirmed in 13 other US states and in Mexico. No deaths have been reported. The infant was enrolled at the child-care centre at Santa Monica High School, where a freshman baseball coach contracted measles last month Measles was officially declared eliminated in the United States in 2000 after decades of intensive childhood vaccine efforts. But last year the nation had its highest number of measles cases in two decades. In addition to California, since December cases of measles have been confirmed in Arizona, Colorado, Illinois, Minnesota, Michigan, Nebraska, New York, Oregon, Pennsylvania, South Dakota, Texas, Utah and Washington state, as well as Mexico. Most people recover within a few weeks, although it can be fatal in some cases. Gulf Times Wednesday, February 4, 2015 17 ASEAN Prayer time Deaf community struggles to be heard in Cambodia DPA Phnom Penh E People pray during the annual Meak Bochea ceremony at the Oudong mountain in Kandal province yesterday. Cambodia celebrates the Buddhist festival of Meak Bochea on the full moon day of the third lunar month for the veneration of Buddha and his teachings. Junta chief slams rumours govt behind bomb blasts AFP Bangkok T hailand’s junta chief yesterday said any suggestion his regime was behind twin bomb blasts outside a Bangkok shopping mall was “brain damaged” as the military scrambles to reassure tourists that the troubled kingdom is still safe. Two small homemade pipe bombs detonated outside the Siam Paragon mall on Sunday evening slightly wounding two people. The blasts were the first major disruption to an uneasy peace imposed after the military declared martial law and took over in a coup last May. The military have been rattled by remarks on social media speculating that the explosions — which came ten days after the retroactive impeachment of ousted Prime Minister Yingluck Shinawatra — help justify the continued imposition of martial law. “Some have countered that this was work of the government in order to maintain martial law. They are brains damaged,” Prime Minister Prayut Chan-O-Cha, who has appeared increasingly gruff in recent days, told reporters. But he added: “If this was the work of rogue policemen or soldiers they must be punished.” Authorities say they are looking for two men seen on CCTV shortly before the bombs deto- nated. The explosions come at a time of heightened political tension in the deeply divided nation following the impeachment of Yingluck by the country’s juntaappointed rubber stamp parliament — an event that left many of her family’s “Red Shirt” supporters quietly seething. Under marital law, political gatherings of more than five people are banned and so far Yingluck’s supporters have stayed off the streets. But the military have nonetheless ramped up their monitoring of critics, calling in a string of prominent opposition figures for “attitude adjustment” talks and threatening dissenters with financial ruin if they speak out publicly. The generals, who seized power promising to end a turbulent decade pockmarked by periods of intense political violence and coups, also fear that renewed clashes could put off tourists during the crucial peak season. The tourism industry accounts for around 10% of an economy that Thailand’s military rulers have struggled to revive since seizing power with exports and consumer spending still weak. Government figures released yesterday showed Thailand welcomed 2.65mn tourists in January — traditionally one of its busiest months. The latest figures are a 15.9% increase on the same month the previous year when protests against Yingluck Shinawatra’s were at their height. Thailand’s long-running political conflict broadly pits a Bangkok-based middle class and royalist elite, backed by parts of the military and judiciary, against rural and working-class voters - many of whom are part of the Red Shirt movement — loyal to ousted former premier Thaksin Shinawatra. Parties affiliated with or led by the Shinawatra family have won every election since 2001, in the process facing two coups and the disposal of three premiers by Thailand’s interventionist courts. Small bomb blasts are not uncommon during times of heightened tension with all factions accusing each other of resorting to violence. ight years ago, Thoeung Sreytin’s daily routine involved cleaning her house, feeding the livestock and collecting chicken eggs for her grandmother in Kampot province, 150 kilometres south-west of the Cambodian capital. She would occasionally meet her mother and three siblings in Phnom Penh, but telling her family how much she missed and loved them was impossible, because she had no way to communicate. “I hated to be alone,” Thoeung Sreytin, who is now 32 and speaks sign language, said through an interpreter. “When people talked, I was left behind, alone. I could only see their gestures.” “I really struggled, I only stayed at home. It was like living in jail. My mother did not take me anywhere,” she said. This predicament is typical of Cambodia’s estimated 51,000 deaf citizens, who lack access to formal education and health services. Their parents often assume they are afflicted with mental disabilities. “They don’t really understand what it means to be deaf,” said Charles Dittmeier, director of the Deaf Development Project (DDP), which provides informal education, skills training and support to Cambodia’s deaf community. “Society does not understand them or their problems. They are very much discriminated against. They are treated like an eight or nine-yearold. It is very difficult to be deaf in Cambodia.” Fewer than 2,000 deaf people in Cambodia, or around 4% of the deaf population, are able to use sign language, Dittmeier said. “The other 49,000 deaf people have never spoken to their own parents,” he said. “They have no written language, no sign language, they have nothing.” In Cambodia, deaf people are referred to as “kor” in Khmer, or “mute,” because they cannot speak normally. Dittmeier’s field workers have discovered that many families do not even give their deaf children names. Thoeung Sreytin’s experience shows one way out of that anonymity. She studied sign language for two years in 2007, and later trained to be a sign language teacher herself. Now, she teaches and works as a co-ordinator at DDP, and her life is moving toward a greater sense of normalcy. Socially, she is less isolated, and her options are increasing.Progress on a national scale is slow, but moving in the right direction. In 2005, the government launched the country’s first news programme accompanied with sign language. In 2011, sign language teachers were given formal government recognition. Cambodia’s deaf community is working to establish the Cambodia Deaf Association, which hopes to bring deaf people together to advocate for more rights and acceptance. Still, communication between the deaf and the rest of society remains limited. “We have tried to invite the parents to learn sign language, but many said they don’t have time,” said Hang Kimchhorn, a director of Krour Sar Thmey, the other main organisation trying to help Cambodia’s deaf. Police arrest two over gold theft in Thailand Agencies Bangkok P olice nabbed two men yesterday for allegedly stealing gold ornaments worth 21mn Thai baht. Suriyachan Thaitanu, a new employee of gold-ornament factory Shining Gold, told police that he plotted the robbery in the hope of using the stolen gold for his wedding ceremony and clearing a football-gambling debt, The Nation reported. His accomplice was Sompong Kamson. Police said Sompong, riding on a motorcycle, shot at a vehicle transporting the gold ornaments while it was on its way to factory customers. Carnival scenes as Malaysian Hindus mark festival AFP Batu Caves M ore than a million Hindus thronged temples throughout Malaysia yesterday to celebrate Thaipusam, a colourful annual religious festival in which many display their devotion by piercing their bodies with hooks and skewers. Celebrations in the capital Kuala Lumpur centred, as they have for 125 years, on the spectacular Batu Caves complex on the city’s outskirts, which many Hindus walked up to ten hours to reach in an annual pilgrimage. Bearing gifts for the deity Murugan, countless yellow-robed devotees carried milk pots or coconuts -- the latter of which are smashed as offerings. Others took part in the 15-km procession of a silver chariot from a temple in the city centre to the caves — an important religious site for Tamil Hindus — capped by the final 272-step climb to a temple in the limestone outcropping. Celebrated also in India, Singapore and other areas with significant Hindu Tamil communities, the festival is marked with particular relish in multicultural Malaysia. Many show their fervour by bearing the elaborately decorated frames called “kavadi” that can weigh as much as 100 kg and Hindu devotees carry pots of milk on their heads while on their pilgrimage to the Batu Caves temple during Thaipusam in Kuala Lumpur yesterday. Right: Devotees watch a cock fight in the Batu Caves temple during the festival. are typically affixed to a person’s body using sharp metal spikes dug into their flesh in a form of penance. “It’s my first time carrying a kavadi,” said Arulvendhan, a 30-year-old teacher, as he prepared to pray before hoisting the burden onto his body. “I made a vow that I would do this if my father’s health got better and if my family had more peace. My dad is much better than before.” About 1.6mn people visited the Batu Caves, which also draws tens of thousands of tourists eager to witness the carnival-like atmosphere. Some swayed trance-like to throbbing drumbeats and re- ligious songs as friends and relatives cheered them on. Others danced in deep trance-like states. Thaipusam commemorates the day when, according to Hindu mythology, the goddess Pavarthi gave her son Lord Murugan a lance to slay evil demons. Prior to Thaipusam, devotees will typically hold daily prayer sessions, abstain from sex and stick to a strict vegetarian diet for weeks. Many stalls sprouted outside the caves where visitors could have their heads shaved bald, another form of thanksgiving. “I feel lighter of course,” Sashi Vadivale, 32, said with a laugh as he rubbed his smooth scalp. “But seriously, I took a vow for spiritual reasons and I’m feeling satisfied for finishing this ritual.” Dwayne Skjersven, a tourist from Canada, said he was overwhelmed by the spectacle. “I didn’t expect this. It’s so colourful and I love that everyone is smiling and it’s great to see so many families supporting their relatives,” he said. With a population of 28mn people, Malaysia is Muslim-majority but it also has more than 2mn ethnic Indians. Most are Hindus who originally hail from Tamil areas of southern India and who are descendants of labourers brought in under British colonial rule. 20 Gulf Times Wednesday, February 4, 2015 AUSTRALASIA/EAST ASIA A handout picture released yesterday by Rausu town government of Japan’s self defence troopers removing snow from the entrance of a house on Japan’s northern island of Hokkaido. WEATHER WOES CHALLENGE RELEVANCE ONLINE North Japan town buried under six feet of snow Deputy refused to give Abbott loyalty pledge Fiji to remove Union Jack from flag: Bainimarama China’s Internet population hits 649mn, 86% on phones Parts of northern Japan were digging out yesterday from nearly 6ft (1.8m) of snow after a massive winter storm dumped record amounts. Around 50 troops were pressed into action in Hokkaido to shovel paths to snow-blanketed houses in Rausu on the eastern tip of the island. The town was the worst-hit part of Japan when a major snowstorm whacked into the country at the weekend. The meteorological agency which gave the snowfall figure warned of strong winds and further snowfall still to come in the region. “We are telling our residents to stay home if possible,” a town official told AFP by telephone. “It’s not safe.” Australian Prime Minister Tony Abbott sought a commitment from deputy party leader Julie Bishop that she would not challenge him, Sky News reported yesterday, a promise that the Foreign Minister refused to give. At a meeting on Monday, Abbott sought the promise from Foreign Minister Bishop, Sky News reported. When asked about the report on Australian television, Abbott declined to refute the account. In the speech, dubbed by some commentators as the most important of his short tenure, Abbott said he believed he had the full support of Bishop, who along with former Liberal Party leader Malcolm Turnbull, has been touted as a potential replacement. Fiji will remove the Union Jack from its flag and replace it with a design that symbolises the Pacific nation, Prime Minister Voreqe Bainimarama said yesterday. Bainimarama said the flag had served the country well since independence in 1970 but was now outdated. “We need to replace the symbols on our existing flag that are out of date and no longer relevant, including some anchored to our colonial past,” he said. Fiji’s flag is light blue with the Union Jack in the top left corner. A national competition to design a new flag would be held, with the aim of hoisting it on October 11, the 45th anniversary of independence. China had 649mn Internet users by the end of 2014, with 557mn of those using handsets to go online, a government report said yesterday, as the world’s biggest smartphone market continues its shift to mobile. While growth is slowing, China’s total Internet population still rose by 31mn in 2014, said the report by the China Internet Network Information Center (CNNIC). Growth in mobile internet users was faster, at 57mn. Riding this wave are some of China’s, and the world’s, biggest technology companies. These include e-commerce group Alibaba, social networking and video games firm Tencent Holdings Ltd and search giant Baidu Inc. 2 dead in Australia mall blast AFP Perth A n explosion in an electrical transformer room at a shopping centre in the west Australian city of Perth has left two men dead and two others badly burnt, authorities said yesterday. Western Australia police said a 30-year-old man died at the scene while three other men were taken to Royal Perth Hospital with serious injuries. “Tragically, one of the three men taken to hospital has since passed away,” police said in a statement. Witnesses spoke of their horror at seeing the men, thought to be working in an area near the electrical transformer, come running out after the morning explosion. “I came driving in and saw three people come running out... they were on fire,” Jonathan McDonagh told Australian Associated Press, saying he tried to help the injured, taking off his shirt and using it to put out the flames. “I had the radio on and didn’t hear the bang, but I saw a puff of smoke. One fella was dead on the ground. I saw another moving around, obviously not OK. I gave him a good helping hand, as much as I could. “They were really burnt badly.” Another witness Harry Barugh said he thought at first a car had exploded. “But it was a lot worse than that, it was the worst sight I have ever seen in my entire life,” he told the Australian Broadcasting Corporation. “It was just ‘whoosh’ and then there were these guys just coming out and hitting the deck and then ripping their gear off.” A woman who suffered smoke inhalation was also taken to hospital while several other people were treated for shock and smoke inhalation at the scene at the Galleria shopping centre in the Perth suburb of Morely. Fire and emergency services cordoned off the area with investigations into what caused the blast under way. “We believe that they possibly were workers who were working within that transformer area of the shopping centre,” police inspector Rob Harrison said. Murdered Japanese journalist’s peace tweet goes viral A poignant tweet by murdered journalist Kenji Goto on the virtue of being calm was spreading rapidly on social media yesterday, days after he was apparently beheaded by Islamist militants. “Close your eyes and remain patient. It’s over once you get angry or yell. It is almost like praying. Hating is not the role of humans; judgement is God’s domain,” Goto’s four-year-old tweet read. “It was my Arab brothers who taught me this,” he tweeted in Japanese on September 7, 2010. By yesterday afternoon, the message had been retweeted more than 26,000 times in Japanese, with English versions also widely circulated. Goto’s brutal killing by militants from the Islamic State movement has provoked an outpouring of emotion in Japan, a country that previously considered itself far removed from the violence that afflicts Western nations facing off against Muslim militants. In a statement on Sunday, his mother cautioned against this emotion becoming destructive. “I believe this sorrow must not create a chain of hatred,” said Junko Ishido. Goto’s killing was announced in a video posted late Saturday by IS militants and came a week after his friend and fellow captive Haruna Yukawa was beheaded. The 47-year-old freelance journalist, who established his own video production company in 1996, had supplied documentaries on the Middle East and other regions to Japanese television networks. Much of his work had focused on the plight of children in war zones. Fan Ping (centre), the wife of Du Shuanghua, cries after the funeral of her husband as her son holds up a portrait in Shanghai. Beijing allows funerals for Shanghai stampede victims AFP Shanghai O ne of the 36 funerals for the victims of a New Year’s Eve crush in Shanghai was held yesterday, after authorities finally allowed the ceremonies to go ahead. Du Shuanghua, 37, lay in an open coffin at a funeral home in the city centre as friends and relatives placed flowers on both sides. “I’m taking him back to his hometown tomorrow to let him rest in peace,” his wife Fan Ping told AFP. They had an eight-year-old son and Du was the family’s only breadwinner. New Year revellers flocked to the Bund, Shanghai’s historic waterfront, but massive overcrowding saw people trampled, severely tarnishing the commercial hub’s image as the mainland’s most advanced city. Questions were raised over authorities’ failure to enforce better safety measures and several district officials were dismissed from their posts, although higher-level leaders escaped responsibility. In the meantime the families of the victims were “isolated”, they said, and funerals were blocked until an official accident report was released and compensation agreed. The document was published two weeks ago, along with an offer of 800,000 yuan ($131,000) for each family. Those who accept the package are being allowed to lay their loved ones to rest, with some ceremonies taking place this week. Cai Jinjin on Monday attended the funeral of her cousin Qi Xiaoyan, who like most of the victims was a young woman. Qi, a 21-year-old migrant, had come to Shanghai from nearby The Mao the merrier: boom for China leaders’ lookalikes By Benjamin Haas, AFP Beijing H e has little interest in politics and is no socialist fanatic, but Xu Ruilin spends every free moment practising how to speak, write, walk and think like Mao Zedong. The 58-year-old has an eerie resemblance to the founding father of Communist China, and is one of scores of lookalike Chinese actors in ever increasing demand as production of historical propaganda television shows and films goes into overdrive. Known as “texing yanyuan” - “special type of actors” - each one portrays a particular departed leader in voice, looks and style, akin to Elvis impersonators for famous Communists. As well as Mao, their alter egos include his right hand man Zhou Enlai, economic reformer Deng Xiaoping and a host of other top brass. “Actors and directors told me for years I should play Chairman Mao, but mostly I ignored them,” said Xu, who spent most of his career in the theatre. “But these days there are so many opportunities to play Mao.” Even out of character, Xu has the Great Helmsman’s hair and features. At work, he completes the transformation with a signature artificial chin mole, a grey Mao suit - the trousers hiked far above the navel - and by chain-smoking cigarettes. He is constantly working on his Hunan Chinese actor Xu Ruilin poses at his home in Liaocheng, Shandong province. dialect, the provincial inflected Chinese of Mao’s home, and the leader’s particular style of calligraphy, still used for the masthead of the ruling party’s mouthpiece newspaper the People’s Daily. Even Mao Xinyu, Mao’s corpulent grandson and a major general in the People’s Liberation Army, has given him his blessing, saying he was “very satisfied” with his performance, Xu said. The more fortunate actors get starring screen roles, but most mimics are relegated, like their hip-gyrating Elvis brethren, to playing to smaller audiences, renting themselves out for corporate events, weddings and birthdays. “Company tours always start with a rousing speech and then I’m treated like a visiting dignitary, like the real Mao, during a tour,” said Xu, days after an appearance at a battery factory. The vast majority of Chinese television historical dramas centre on the country’s recent past, often set during Japan’s 20th-century invasion and occupation, and with Communist Party cadres always the heroes. They have seen a marked increase since Xi took power, accounting for roughly 44% of all Chinese shows produced in 2013, according to statistics from the State Administration of Press, Publication, Radio, Film and Television (SAPPRFT), the most recent available. Most of the entries on one SAPPRFT list of 127 “recommended television programmes for broadcast” leaked by Chinese media last year were propaganda pieces, with titles including “Deng Xiaoping at History’s Crossroads”, “Zhu De, a Founding Father” and “We Are Party Members”. Plot lines in other shows are also subject to the censors’ whim, which has seen time travel and women falling in love with more than one man banned as subjects, along with wordplay and puns. “Restrictions placed on most programmes make them very difficult to produce, but anyone is completely free to make anti-Japanese or historical shows,” says Zhu Dake, a professor at Shanghai’s Tongji University. “In order to avoid spending a lot of money only to have a programme censored, everyone’s making so-called historical shows because they have less restrictions and there’s less risk.” The special actor concept was largely an import from the Soviet Union, begin- ning in the late 1970s in the wake of Mao’s death and initially limited to one or two actors constantly reprising their roles. It has expanded in tandem with the media landscape and been a boon for Guo Weihua, who could be a twin of Zhou Enlai, but drives a Mercedes and sips lattes at Starbucks. “I used to play other parts, but now there’s too many projects with Zhou Enlai I almost always play him,” said Guo, 52. “He has already gone into my bone marrow, when I’m standing in front of a camera, I am Zhou Enlai.” After appearing as Zhou in more than 70 television series and films, Guo would like to diversify but is thoroughly typecast. “For Chinese people of a certain age, we have a saying,” he said. “Mao Zedong and Zhou Enlai, these two great men, were sent by God.” In 1942, Mao himself said that art must “serve the masses” and decried bourgeois literature and art, adding that works attacking the Communist Party should be severely criticised and repudiated. President Xi takes a similar line. In October he said artists should spread “Chinese values” and not be “slaves” to the market, nor “go astray while answering the question of whom to serve”. It is a question that even the lookalike actors should be asking themselves, according to Professor Zhu, bemoaning the abilities of some recent recruits. “The newcomers that play Mao Zedong these days, they haven’t read Mao’s biography, they haven’t read Mao’s writings,” he said. “So how can they play him well?” Anhui province just months ago for work. “Dear sister, have a safe trip. I’m sending you home... we will take care of the rest for you,” Cai said in an online posting. Speaking at his first press conference after the incident, Shanghai Mayor Yang Xiong said the city would improve safety measures in public spaces. “After the 12.31 (December 31) incident, we have been asking ourselves how to do our work better,” he told reporters last week. “We have to learn the lesson the 12.31 accident taught us.” Soldier gets death for shooting spree Reuters Seoul A South Korean court-martial yesterday convicted a soldier of the murder of five comrades in a grenade and gun attack and sentenced him to death, a military official said, in a case that raised questions over compulsory military service. The conscript, identified as Sergeant Lim, killed five members of his unit and wounded seven last June at an outpost near the border with North Korea. After a 24-hour stand-off with troops and despite pleas by his father to give himself up, Lim shot himself in the abdomen before being captured and taken to hospital. “The death penalty is inevitable for such a violent crime of killing innocent comrades at the point of a gun,” a military judge was quoted by Yonhap News Agency as saying. A military official at the command post in Wonju, about two hours east of Seoul where the court-martial was held, confirmed the sentence. Lim, in his early 20s, was described by an official as an “introvert” and the military said there had been concerns over his psychological health, but he was deemed fit enough to be sent to the outpost. The military has been criticised for lax discipline in some units and failure to prevent cases where soldiers suffering personal problems have attacked fellow soldiers. South Korea maintains a military of about 630,000, many of them conscripts who serve about two years of mandatory service. The South is technically at war with North Korea because they only signed a truce to end their 1950-53 conflict, not a treaty. In 2011, a South Korean marine was sentenced to death for killing four fellow soldiers in a shooting spree. A military court also handed down the death penalty on a soldier for killing eight troops in a 2005 rampage. The country last carried out executions in December 1997, when 23 people were hanged, according to the Justice Ministry. Gulf Times Wednesday, February 4, 2015 21 BRITAIN POLITICS PEOPLE WEATHER HONOURED INDUSTRIAL ACTION Conservatives promise veto for English lawmakers Johnson rejects move into US politics Snow brings road and rail misery Leigh to receive Bafta Fellowship Staff at National Gallery begin five-day strike English lawmakers will be given a veto over income tax and other matters only affecting England under plans put forward by Prime Minister David Cameron’s Conservatives yesterday. Both the Conservatives and the opposition Labour want to address the fact that Scottish parliamentarians are allowed to vote on laws affecting only England when English lawmakers cannot vote on Scottish matters. Under the Conservative plans, lawmakers from across the UK would get to debate and vote on matters affecting only England, but English lawmakers would decide the detail of such measures and would have a veto over the final law. Boris Johnson has said he has no plans to try to enter politics in the US if he finds his ambitions thwarted in Britain. The London mayor is theoretically eligible to become US President because he was born in New York and holds an American passport. But he told LBC radio: “I think it unlikely I would be called upon to serve in that office.” Asked whether he would consider a move to the US if voters in Uxbridge and South Ruislip reject him in May, Johnson said: “It’s true that I was born in America. However, I haven’t lived there since I was five years old and, much though I admire America and love American culture, I think my life and career is here in Britain.” Rail and road travellers suffered a morning of misery as snow and ice caused delays to train services and widespread problems for motorists. Signalling problems, broken down trains and “congestion” hit the railways, especially in the South East after the first serious fall of snow of the winter hit the region. Some trains were cancelled, while others were delayed on routes including the West Coast Mainline between Northampton and London Euston. Meanwhile, it was estimated that traffic jams led to around 700 hours of delay for motorists in the morning. Union leaders blamed cuts in maintenance for the problems which have hit rail services since the start of the year. Director Mike Leigh is being honoured with a Bafta Fellowship despite his latest film Mr Turner being snubbed at the awards. The biopic, starring Timothy Spall as painter JMW Turner, failed to pick up any major Bafta nominations last month. But the Secrets And Lies filmmaker will be receiving Bafta’s “highest accolade” at the awards ceremony, at London’s Royal Opera House on Sunday. He follows in the footsteps of Charlie Chaplin, Alfred Hitchcock, Steven Spielberg, Laurence Olivier, Elizabeth Taylor, Judi Dench and last year’s recipient Helen Mirren. The filmmaker said: “What a privilege to be honoured with the Bafta Fellowship. I’m moved, delighted and surprised.” Staff at the National Gallery in London began a five-day strike yesterday in protest against what trade unions say is creeping privatisation of the popular tourist attraction. Most of the museum was forced to shut down because of the protest and a small group of around 40 people rallied outside the museum holding up placards and shouting: “Privatisation, no way!” “Due to industrial action by some members of the staff, there are substantial room closures,” read a museum statement. The protest organised by the Public and Commercial Services Union is against the hiring of an external partner, a private company called CIS, to manage a new staff roster for extended opening hours. Taxi driver admits to assaulting two women London Evening Standard London T he police yesterday urged potential further victims of a convicted black cab rapist to come forward amid fears that crimes committed against women travelling by taxi have gone unreported. The appeal was launched after David Perry, a black cab driver from Bow, admitted at Southwark Crown Court that he had attempted to rape one woman and had sexually assaulted another after they got into his vehicle in the early hours of the morning. Both women had been out socialising and had fallen asleep in the back of Perry’s cab, before waking to find him molesting them. Perry’s admission — which follows the jailing of notorious serial black cab rapist John Worboys in 2009 — has raised concerns that more women might have been targeted by him. Detective chief inspector Samantha Price, from Scotland Yard’s Sexual Offences, Exploitation and Child Abuse Command, said: “Perry, as the driver of a black taxi, was in a position of trust. He breached that trust by targeting women he perceived to be vulnerable. “Perry was a taxi driver for some 25 years and I must consider the possibility he may have committed other offences that have not been reported. “I would now appeal directly to anyone, who as a result of this case, thinks they may have been raped or assaulted by Perry. I would like to reassure anyone worried about coming forward that they will be treated with the utmost sensitivity.” Price also praised the bravery of the two victims whose testimony led to Perry’s detection. The first of Perry’s offences took place in January 2013 in Calabria Road, Highbury. The second was in May 2014 near Glebelands Avenue in South Woodford. Both victims were in their twenties. DNA evidence taken following the offences linked the crimes, but did not match any profiles on the police database. Investigations identified the taxi used for the crimes and Perry, 52, was arrested. His DNA was taken and matched to both attacks. At Southwark Crown Court, he admitted one count of attempted rape nd one count of sexual assault against one victim. He also pleaded guilty to sexual assault on the second victim before being remanded in custody for sentencing in March. Residents near Perry’s home in Gayton House, Bow, yesterday described him as an “odd loner” but said they were shocked he had been preying on women in his cab. One neighbour said she had been bombarded with text messages from Perry and had been afraid of him. She said: “Perry is a very strange man ... At one point he was sending me rambling text messages at night saying we should go for a picnic and things like that. Maybe he was drunk, it was very scary though. He never touched me but he made me very uncomfortable.” Another neighbour, Runa Ali, 33, said: “He is a real loner - I never saw anyone else go into his flat. He is not the friendliest of people but there was nothing to indicate a real dark side like this.” Bird flu outbreak A police officer places a barrier across a closed road leading to a chicken farm, after an outbreak of bird flu in the village of Upham in southern England yesterday. Close to 10,000 chickens are to be slaughtered at the farm following the outbreak of the H7 strain of avian influenza, local media reported. Lawmakers authorise ‘three-parent’ babies Reuters London T he government yesterday became the first country to allow a “three-parent” IVF technique which doctors say will prevent some inherited incurable diseases but which critics see as a step towards creating designer babies. The treatment is known as “three-parent” in vitro fertilisation (IVF) because the babies, born from genetically modified embryos, would have DNA from a mother, a father and from a female donor. Police crack down on ‘keyless’ car thieves London Evening Standard London O rganised gangs are stealing 17 vehicles a day in a “car hacking” crimewave across London, police revealed yesterday. Scotland Yard announced a week of action against the gangs behind a surge in “keyless” thefts of vehicles, including Range Rovers and BMWs. Last year, more than 6,000 cars and vans were stolen by criminals using the technique, accounting for 42% of all vehicle thefts. Officers from yesterday began carrying out uniform roadside checks and mounting covert operations to tackle the gangs. Police revealed that criminals were not only targeting highvalue cars parked in people’s driveways, but also vans which they break up into parts and ship abroad. Latest figures show that the number of cars stolen in London rose by 8% last year to 21,869, with the increase mainly due to a rise in the rate of keyless thefts. Detective chief superintendent Carl Bussey said: “We believe that organised crime groups using this technique are responsible for the theft of thousands of vehicles in London. “These people currently view keyless vehicle theft as a lowrisk, high-return crime, with the most valued motor engines fetching up to £1,000 on the black market and vehicles fetching £10,000.” Police released new figures which show that Ford Transit, Ford Connect and Mercedes Sprinter vans are the most commonly stolen vehicles using keyless methods, followed by BMWs and Land Rover models, including Range Rovers. These makes comprise 70% of all keyless thefts in London. East London boroughs have been the hardest hit by car thefts, with Redbridge, Newham and Havering all in the top three. Kensington & Chelsea, which the Standard revealed in December had seen a surge in keyless thefts of Range Rovers, comes seventh in the capital’s borough rankings. Detective chief superintendent Bussey said that police were working closely with car manufacturers to work out methods of combating the technique, but added that even simple methods could help to foil the thieves. Police are advising motorists at risk to use steering or gear-stick locks, always double checking vehicles are locked when leaving them and urging them to fit tracker systems. Car thieves use simple devices purchased online to bypass or hack into onboard electronic ignition systems and sometimes simply tow vehicles away. Police intelligence suggests that the cars are driven to the Home Counties where they are stripped for parts before being shipped abroad. Many are sold to Africa. It is designed to help families with mitochondrial diseases, incurable conditions passed down the maternal line that affect around one in 6,500 children worldwide. After an emotionally charged 90-minute debate that some lawmakers criticised as being too short for such a serious matter, parliament voted 382 to 128 in favour of the technique, called mitochondrial donation. The vote paves the way for a medical world first for Britain, but one that is fiercely disputed by some religious groups and other critics. The process involves interven- ing in the fertilisation process to remove mitochondria, which act as tiny energy-generating batteries inside cells, and which, if faulty, can cause inherited conditions such as fatal heart problems, liver failure, brain disorders, blindness and muscular dystrophy. Mitochondrial DNA is separate from DNA found in the cell nucleus and does not affect human characteristics such as hair or eye colour, appearance or personality traits. “I for one would be absolutely certain I wouldn’t stand here and defend the concept of designer babies - choosing the colour Official visit of the eyes and all the rest of it. This is about purely dealing with those terrible, terrible illnesses,” opposition Labour lawmaker Andrew Miller, chair of parliament’s science and technology committee, said during the debate. International charities, advocacy groups and scientists had urged Britain to pass laws to allow the treatment, saying it brought a “first glimmer of hope” for some families of having a baby who could live without suffering. “We have finally reached a milestone in giving women an invaluable choice, the choice to become a mother without fear Water, sewerage bills for households to fall Agencies London T Chancellor George Osborne bids farewell to New Jersey Governor Chris Christie and his wife Mary Pat Christie outside 11 Downing Street in London yesterday. Christie is in the UK to promote the life sciences industry. He also met Prime Minister David Cameron. of passing on a lifetime under the shadow of mitochondrial disease to their child,” Robert Meadowcroft, chief executive of the Muscular Dystrophy Campaign, said following the vote. In an open letter to lawmakers, 11 international campaign groups, including the US United Mitochondrial Disease Foundation, described the condition as “unimaginably cruel”. “It strips our children of the skills they have learned, inflicts pain that cannot be managed and tires their organs one by one until their little bodies cannot go on any more,” they wrote. he average water and sewerage bill for households in England and Wales is set to fall by 2% or £9 over the next year, the industry said yesterday. Water UK also pledged a package of measures worth more than £40mn to support customers struggling to pay or who are in debt. The price cut comes after regulator Ofwat ordered the industry to lower annual water bills by 5% in real terms over the next five years. Actual bills dropping through customers’ letterboxes in five years’ time will be higher because they will include the rate of Retail Price Index (RPI) inflation. Ofwat’s 5% real-terms cut means water companies are having to hold back bill rises by more than they had initially wanted, after their initial submissions a year earlier would have seen a 2% real-terms fall. Among individual companies, Water UK said Southern customers will see a 6% or £27 cut in their combined water and sewerage bill to £410 for 2015-16. Severn Trent and United Utilities will both fall 1% or £4 on a year earlier, while the decline in the Anglian Water bill will be 7% or £29. Northumbrian Water customers will see combined bills rise by 1% or £4 to £371. Water UK said the amount in dividends and other payments set aside for debt and equity investors, who the sector relies on to fund investment in services to customers, will be reduced. However, companies will still invest more than £44bn, including to prevent leaks and supply interruptions and better sewage treatment to help keep rivers, coasts and beaches clean. Targets for the next five years include saving 370mn litres of water a day by tackling leakage and promoting efficiency. Water UK chief executive Pamela Taylor said: “Water companies understand the pressures their customers are under and are delivering lower bills and even more support for struggling households. 22 Gulf Times Wednesday, February 4, 2015 BRITAIN POLL WILDLIFE PEOPLE REVEALED ENTERTAINMENT Labour ‘to lose 30 seats in Scotland to nationalists’ Beavers allowed to stay in the River Otter Town hall chief censured for finger-wagging rant Parliament pass for disgraced Huhne Madonna to perform at Brit Awards The opposition Labour party will lose as many as 30 Scottish seats to nationalists in the May 7 election, a poll showed yesterday, reducing Labour leader Ed Miliband’s chances of unseating Prime Minister David Cameron. Scots voted to stay part of the United Kingdom in a September 18 referendum, but support for the Scottish National Party has since soared on the perception that London will not deliver the extra powers it promised to swing the poll result. The Times/YouGov poll shows the Scottish National Party has a 21-point lead in Scotland and would take 48% of the vote to Labour’s 27%, the Times newspaper reported. The first wild beavers to breed in England for 800 years are not going to be rounded up and put in a zoo after all. In what was hailed as a “great day for conservation,” they will continue living free in a river 16kms from the south-west city of Exeter. At least 10 beavers live along a 20km stretch of the River Otter. They were spotted a year ago and there were immediate calls to get rid of them. Farmers warned they would damage trees, crops and rivers and spread parasites and disease. A campaign to leave them alone garnered 12,000 signatures. Peter Burgess of the Devon Wildlife Trust defended the beavers, saying they could mitigate flooding and boost wildlife diversity. One of London’s town hall bosses has been censured for his “disrespectful” behaviour towards campaigners for more affordable housing. Labour mayor of Newham, Sir Robin Wales, was found to have breached the borough’s code of conduct when he lost his temper after being approached at a show in East Ham last summer. A YouTube video of the incident shows the red-faced 60-year-old shouting and wagging his finger aggressively at members of the Focus E15 group. A complaint was investigated by the council’s standards advisory committee. It found the mayor had breached part 5.1 of the code “by failing to show appropriate respect to a member of the public”. Disgraced former Cabinet minister Chris Huhne has been handed a coveted pass granting him access to the parliamentary estate. The politician dramatically quit as Liberal Democrat MP for Eastleigh two years ago after pleading guilty to perverting the course of justice. He had tried to cover up swapping speeding points with ex-wife Vicky Pryce, and was jailed for eight months. But Huhne is among a host of former members granted a Commons pass, according to a list disclosed to the Press Association under freedom of information rules. Some 360 are able to use Westminster’s heavily subsidised bars and restaurants as well as other facilities. Madonna will be performing at the Brits, the star has confirmed. The 56-year-old singer was previously rumoured to be on the bill for the music awards ceremony, when her spokeswoman called the news “just speculative”. Now she has posted a message to her fans on Twitter, writing: “Hello to all my UK Rebel Hearts!!! See you at the Brits on Feb 25th”. Madonna, who is releasing new album Rebel Heart, will also be on stage at the Grammys next month. The Like A Virgin star last performed at the Brits in 1995, when she sang Bedtime Story. Sam Smith heads the nominations for this year’s awards after being shortlisted for five gongs, while Ed Sheeran and George Ezra follow with four apiece. Talbot taken to hospital after fall in court Snow-covered park Thatcher ‘tried to shield diplomat in abuse scandal’ Agencies London T he sex abuse trial of television weatherman Fred Talbot was halted yesterday when he fell into a table and injured his head as he left the witness box. Talbot, 65, suffered a crashing fall as he appeared to miss a step to the right of the box at Manchester Minshull Street Crown Court. He suffered a cut to the forehead after he tumbled into a facing table. The incident took place as the jury was sent out for a break after Talbot had started to give evidence in his defence. Talbot has been taken to Manchester Royal Infirmary for precautionary checks, the court heard. There were gasps from the packed public gallery as Talbot collapsed in a heap and the court clerk rushed to his aid. Talbot groaned on the floor and looked dazed as he was eventually helped to his feet. A bloodied cut to his forehead was clearly visible before Court 9 was cleared as Talbot was propped up against the table. Talbot had earlier entered the witness box for the first time to give evidence in his defence against allegations that he indecently assaulted five schoolboys between the late 1960s and the early 1980s during his former career as a teacher. He was in the box for about 20 minutes as he answered questions from his barrister, Suzanne Goddard QC, about his early life and career. The jury was sent out for a break shortly before 11.50pm and was swiftly followed by judge Timothy Mort, who had just told Talbot not to talk to anyone while he was giving evidence. Moments later Talbot suffered his accident. The jury was later called back in by judge Mort and told that proceedings had come to an end for the day. Guardian News and Media London M People ride their horses across snow-covered ground in Richmond Park, west London, yesterday. argaret Thatcher was adamant that officials should not publicly name Sir Peter Hayman, a senior diplomat connected to a paedophile scandal , even after she had been fully briefed on his activities, examination of formerly secret papers released to the National Archives shows. The 37-page file includes numerous handwritten notes and annotations by the late Conservative prime minister. It also reveals that security services were not initially informed about Hayman’s proclivities, as a secretary forgot to pass on a message to the relevant official and police neglected to follow up the matter. The densely-typed documents, which were available for view to the public for the first time on Tuesday, also describe how Hayman, who died in 1992, apparently arranged for “obscene correspondence” to be sent to the British high commission in Ottawa when he was the most senior diplomat there. A member of domestic staff at the mission was wrongly blamed at the time for the letters, which were sent to a false female name. The file, compiled between October 1980 and March 1981, is made up of memos and background notes put together for Thatcher, then prime minister, and is littered with her handwritten notes, underlinings and crossings out. The existence of the file was revealed by Sky News last month. A LibDem minister yesterday warned that David Cameron’s pledge to ringfence education spending could put elderly people’s lives at risk. Norman Lamb claimed the move would mean critical elderly care services bearing the brunt of proposed Tory cuts. The attack came after Cameron said Tories would protect school funding in cash terms, meaning spending would not rise with inflation - a plan Danny Alexander, LibDem chief secretary to the Treasury, said could do “serious damage” to education. Health Minister Lamb said the ringfencing, alongside a Tory desire to cut taxes, could mean “unacceptable standards of care”. He told the Standard: “I’m quite sure they won’t be ringfencing councils (which control social care spending) against deficit reduction and so the im- pact on services for frail elderly people could be massive and the knock-on effect for the NHS could be significant as well.” He went on: “If you are going to cut that further, and as far as I can see that’s inevitable under the Tories’ plans, the consequences for older people are very serious.” Asked if it would put their lives at risk, he said: “Of course, potentially that is the case, but also just unacceptable standards of care.” Lamb said the Tories could not transfer money from the NHS to help fund elderly care because they had also pledged to ringfence that budget. He said he was pushing for the LibDem manifesto to include a commitment to transfer care spending from the communities and local government budget to health - with a new department for health and care. Meanwhile Alexander said he was concerned about Cameron’s failure to protect schools against inflation. The chief secretary told the Standard: “If you look to the fu- ture and you look to the agenda that they’re setting out I think that you do see serious risks — particularly around the early years and 16 to 19 age groups. “Those are areas where the Conservatives, if they were left to their own devices, would do serious damage.” He added: “You would see a lot of young people, particularly from disadvantaged backgrounds, denied the opportunity in life that as a society we should be providing.” Tory Chancellor George Osborne has said the next government will have to make billions of pounds worth of cuts to reduce the UK’s deficit. But the Tories have also set out tax cut plans for middle-income earners, leaving critics fearing deep reductions in departmental spending. The prime minister said he would protect England’s schools budget in cash terms, but per pupil funding would not keep pace with inflation. Labour’s Tristram Hunt said Tory claims to protect funding actually represented a “realterms cut”. was referred to as a “senior civil servant”, not to protect him but because he was not a witness and none of the defendants knew his identity. The memo ends: “It is the policy of the law officers that persons who have been investigated by the police but not prosecuted should not be named in the House (of Commons), as to do so is to cast an unnecessary slur on the person without his having the opportunity to clear his name before a court.” Thatcher amends this paragraph to cross out “in the House”, indicating that she did not believe Hayman should be named anywhere. She also strongly underlined the word “slur”. As it transpired, all this effort was for nothing. The very next day, March 18, 1981, a Conservative MP, Geoffrey Dickens, used parliamentary privilege to ask in the Commons if the attorney general “will prosecute Sir Peter Hayman under the Post Office Acts for sending and receiving pornographic material though the Royal Mail”, prompting an official response from the attorney-general, Havers, which named Hayman. Thatcher’s insistence on not naming Hayman appeared always unlikely to succeed. The retired Stowe and Oxford-educated career diplomat had come to the attention of police in 1978 when a package containing sexually explicit correspondence was found on a London bus, addressed to a Henderson, the pseudonym Hayman used within PIE. Police raided his flat in west London and found 14 years’ of journal entries detailing his fantasies, many involving children. Litvinenko son ‘hit hard’ by death PM school budget pledge to put elderly at risk: LibDems London Evening Standard London On Friday the Cabinet Office announced that it had reviewed the decision to keep the file secret beyond the standard 30-year deadline and was releasing it to the National Archives in Kew. A preview of the file was issued to the media then. The details of the way Hayman’s case was treated will be of interest to campaigners seeking justice for the victims of historical sex abuse, whose cases will be considered by a child sex abuse inquiry commissioned by the Home Secretary, Theresa May. A number of the files refer to decisions by Sir Michael Havers, then the attorney-general. May’s original choice of head for her inquiry, Baroness Butler-Sloss, is the brother of Havers, and stepped down after victims and their families objected. In one three-page document from March 17, 1981, titled Sir Peter Hayman - Background Note, unnamed legal officials explain why Hayman was not prosecuted when, three years previously, police discovered that he was a member of the Paedophile Information Exchange (PIE) group, who sent indecent material to others via the post and had sexual fantasies about children. The note explained that Hayman had only been “on the periphery of enquiries” into PIE, and that there was “no evidence of his having sought to approach any child for sexual purposes, or his seeking to incite others to do so”, meaning he was not prosecuted. None of the other eight people involved in the correspondence was prosecuted, it added. At a subsequent Old Bailey trial involving more senior PIE members, the note adds, Hayman Agencies London T Anatoly Litvinenko and his mother Marina arrive at the Royal Courts of Justice in London yesterday. he son of former KGB officer Alexander Litvinenko has told an inquiry he “never truly believed my father would die”. Anatoly Litvinenko, 20, giving evidence to the public inquiry into Litvinenko’s death said his father was proud to be a British citizen. Dressed in a suit and tie, Anatoly, who was 12 when his father was poisoned, recalled visiting hospital on the day of Litvinenko’s death. He said: “Before this point I never truly believed my father would die. I was young and optimistic and I thought he would recover.” Anatoly was told his father had died on November 1, 2006 at University College Hospital. “This hit me hard but at the same time I felt quite numb,” he said. The boy was taken into the room where his father’s dead body was laid out. He told the inquiry: “It was very painful to look at him in the state he was in.” Anatoly was not aware his fa- ther had worked for Russian intelligence services before coming to the UK, nor that he had been working for British security services. He believed his father was a journalist writing for the Chechen press, the inquiry heard. He added: “I understood why he disliked Russia. I understood why he liked England and I understood his sentiments towards Chechnya.” Asked by counsel to the inquiry Robin Tam QC about occasions when Litvinenko spoke to him about Britain, Anatoly said: “He was always going on about the integrity of this nation. The honesty. The transparency with which judicial processes are carried out. The honesty of the police and the deep contrast with the regime in which he grew up in and the system in which he served.” Earlier, Anatoly’s mother and Litvinenko’s widow Marina wept as she recalled the last words she heard her husband utter before his death: “I love you so much”. The inquiry was also shown a video clip of the spy publicly pinning the murder of a prominent Russian journalist on Vladimir Putin weeks before his own death. Gulf Times Wednesday, February 4, 2015 23 EUROPE UN agency calls for refugee quota system in Europe AFP Stockholm T he top UN official for refugees has called for the European Union to consider imposing a quota system to force its nations to more equitably handle a spike in asylum seekers. “We are ready to support po- Eight held over ties to extremists DPA/AFP Paris E ight people were arrested in France yesterday on suspicion of participating in extremist networks that send militants to Syria, the interior ministry said. Counter-terrorism sweeps have intensified since terrorist attacks in Paris in early January. While the suspects are not thought to be directly tied to the attacks on Charlie Hebdo and a kosher grocery that left 20 people dead, including the three gunmen, the arrests are part of an effort to ramp up security in the face of what is seen as deepening radicalisation. “Nearly a month after the attacks in Paris, this operation is a manifestation of the total determination of security forces under the authority of justice to fight relentlessly against terrorism,” Interior Minister Bernard Cazeneuve said. The arrests come after similar raids last week during which police in the southern town of Lunel rounded up five people thought to be connected to networks of jihadists who recruit youths to fight with the Islamic State (IS) group in Syria and Iraq. The government has said that some 3,000 French citizens are linked to extremist networks, and 73 French citizens have died fighting in Iraq and Syria. Cazeneuve said there are also some 161 court proceedings currently open involving 547 people believed to be connected to jihadist networks. He added that authorities would use a new French counter-terrorism law passed in November to crack down on online propaganda and websites that advocate radical extremism. “Nearly a month after the attacks that hit Paris, this operation is a new show of the total determination of the forces of order ... to fight relentlessly against terrorism,” said Cazeneuve. A security source told AFP that the group arrested comprised “seven men and a woman, aged between 21 and 46”. “Three of them have already travelled to Syria and came back in December,” this source added. year were presented in Germany and Sweden, a sign of the continent’s lopsided distribution. The rush of refugees into Europe comes as the number of people driven from their homes by conflict and crisis topped 50mn, a first since World War II, according to the UNHCR. Many refugees choose to seek asylum in northern Europe rather litical initiatives within Europe, for instance, aiming in some situations to have forms of quota distribution,” Antonio Guterres, the UN high commissioner for refugees (UNHCR), told reporters. He said that while asylum seekers generally enter Europe through Greece and Italy, nearly half of all asylum requests last than following EU immigration rules and applying where they first arrive. Sweden has already called on other EU states to take a greater share of refugees. Greece and Italy have also complained that they lack the capacity to deal with rising numbers arriving by boat, with human rights groups criticising C hancellor Angela Merkel paved the way yesterday for a wide debate about Germany’s immigration laws, declaring that the current rules need to be reviewed. “We should look back calmly at what we have done in recent years to improve the immigration rules,” Merkel said. “Then we can decide if it needs further improvement.” Members of parliament from Merkel’s conservative Christian Democratic Union (CDU) and their Bavaria-based associate party, the Christian Social Union (CSU), had rejected changes to the nation’s immigration rules. That includes Interior Minister Thomas de Maiziere, who has repeatedly ruled out introducing a new immigration law. However, CDU general secretary Peter Tauber has joined the Social Democratic Party (SPD), the junior member of Merkel’s coalition government, and the opposition Green Party in calling for immigration reforms. The centre-left SPD plans to unveil a position paper by the end of the month that is expected to naturally to produce a fair share among European countries.” Sweden receives the highest number of refugees per capita in the EU and is second only to Germany as a destination for Syrians fleeing the four-year war in their home country. In 2013, Sweden granted automatic residency to Syrian refugees and has since seen asylum requests rising to record levels, expected to reach about 90,000 in 2015. The rapid increase in the number of asylum seekers is seen as one of the main factors behind the rise of the extreme right, with the anti-immigration Sweden Democrats becoming the thirdlargest party in elections in September. Top court rejects Serbia, Croatia genocide claims AFP The Hague T he UN’s highest court has rejected rival claims of genocide by Croatia and Serbia in landmark rulings over their 1991-1995 war, and urged the former foes to turn the page on their bloody history. Croatia voiced dismay with the judgment, saying that it changed “nothing” in its relations with Belgrade, but Serbia said it hoped it would help forge better ties. International Court of Justice (ICJ) chief judge Peter Tomka first dismissed Zagreb’s claim that Serb forces committed genocide during Croatia’s war of independence. He made a similar ruling in a counter-claim by Belgrade over a Croatian counter-offensive that forced 200,000 Serbs to flee after the last major battle of the war. Tomka said that both sides had committed crimes during the conflict, including forcible displacement, but that neither had proved genocide, which “pre-supposes the intent to destroy a group, at least in part”. But he added: “The court encourages the parties to continue their cooperation with a view to offering appropriate reparation to the victims of such violations, thus consolidating peace and stability in the region.” Zagreb had dragged Belgrade before the ICJ in 1999 on genocide charges linked to the war in Croatia that killed 20,000 people, one of several conflicts during the bloody breakup of the former Yugoslavia. Serbia was accused of ethnic cleansing as a “form of genocide” in the town of Vukovar and other areas, leading to large numbers of Croats being displaced, killed or tortured and their property destroyed. Vukovar was captured after a harrowing three-month-long siege by the Yugoslav army (JNA) and Serb rebels, one of the darkest chapters of the conflict. The Hague-based Yugoslav war crimes tribunal has sentenced several Serb commanders for war crimes committed at Vukovar, including senior commander Mile Mrksic, who was jailed for 20 years on appeal. Mrksic was convicted for his role in the murder of more than 200 prisoners at a farm outside Vukovar whose bodies were dumped in mass graves. After the fall of the town, about 22,000 non-Serbs were expelled, and about 350 people from the Vukovar region are still reported missing. Belgrade responded with a counter-suit in 2010, saying that about 200,000 ethnic Serbs were forced to flee when Croatia launched Operation Storm to re- Justice Ministers Orsat Miljenic (left) of Croatia and Nikola Selkovic (right) of Serbia listen to the verdict of the ICJ in The Hague in a long-running genocide case. take its territory in 1995. Following the offensive, the proportion of ethnic Serbs in Croatia shrank from 12% to 4%. Belgrade was outraged in 2012 when Operation Storm’s Croatian military commander, Ante Gotovina, was acquitted on appeal before the Hague-based International Criminal Tribunal for the former Yugoslavia (ICTY). Tomka extensively referred to rulings by ICTY, which has never indicted any suspect for genocide in Croatia, saying that the tribunal’s findings were “generally consistent” with those of the ICJ. Speaking outside the courtroom at the stately Peace Palace, Serbian Justice Minister Nikola Selkovic said the ruling “is going to start a new and blank page in our relationship with Croatia”. “We have to live with each other,” he said. “I’m sure we have learnt a good lesson for the future.” “Maybe tomorrow, we’ll be both in the European Union,” referring to Serbia’s bid to enter the bloc which Croatia joined in 2013. But the reaction from Zagreb was one of dismay. “We are not satisfied with the court’s ruling, but we accept it in a civilised manner,” Prime Minister Zoran Milanovic told reporters in Zagreb. At the court, Croatian Justice Minister Orsat Miljenic said: “There are so many elements A man in Vukovar, Croatia, smokes as he watches the ICJ verdict yesterday on genocide during the Balkan wars in Vukovar. that confirm that crimes were committed ... by the Yugoslav army and Serbian forces.” “It is a however a judgment by the court that we fully respect,” he said, but added that it “did not change relationships with Serbia”. Ties between the two countries improved slowly after the war but turned frosty in 2012 after inflammatory comments by both sides. So far the ICJ, which rules in disputes between states, has recognised only one genocide case since opening its doors in 1946. Genocide is the most serious of international crimes but also the hardest to prove. In 2007 the court ruled that genocide had taken place in 1995, at Srebrenica in neighbouring Bosnia, when almost 8,000 Muslim men and boys were slaughtered and their bodies dumped in mass graves by Bosnian Serb troops who overran a UN-protected enclave. Three soldiers knifed outside Jewish centre AFP Nice An emergency services vehicle is seen in the area in downtown Nice where the Jewish community centre is located. Merkel helps to open immigration debate DPA Berlin both countries for “push-backs” of migrants legitimately seeking asylum. “Something is wrong in the way the system is working,” said Guterres, a former Portuguese prime minister, calling for “a European solidarity mechanism”. “Quota systems are always an extreme solution,” he added. “Ideally, the system would work urge the government to introduce a points system to attract qualified immigrants. Yesterday however, the chancellor said that she had not reached any conclusion on whether the immigration laws need reforming. SPD parliamentary leader Thomas Oppermann welcomed the chancellor’s comments on reviewing existing laws, saying that he was pleased that “the immigration debate in Germany had gathered momentum”. Oppermann plans to travel to Canada next week to examine the nation’s immigration system, looking specifically at how the system helps address labour shortages that the domestic jobs market is unable to fill. “I am still convinced that a good way could be a flexible point system,” he said. Immigration re-emerged as an issue in Germany after a recent push for measures to control a migrant influx spearheaded by two populist right-wing groups: the Alternative for Germany (AfD) and the anti-Islamist movement PEGIDA. The AfD has been chipping away at support for the major political parties, including the CDU, with opinion polls show- ing that the AfD could enter the nation’s parliament at the next election in 2017. It faces a major test of its political strength this month at regional elections in the northern German city state of Hamburg. The AfD appeared on the national stage in 2013 as a eurosceptic party and later launched a campaign questioning the nation’s immigration laws – a platform that helped pave the way for the party to gain parliamentary seats in three eastern states. This coincided with the launch in October of PEGIDA’s antiIslamist and anti-refugee movement in the eastern city of Dresden. PEGIDA also called for a radical rethink of the country’s immigration laws. Carsten Sieling, a member of the SPD’s left wing, said he also sees Canada as a potential model for coping with an influx of migrants. “Germany does not need a bouncer mentality like the CSU wants it to have,” Sieling said. In Canada, authorities use a point system to fill gaps in the labour market by awarding points to would-be immigrants depending on their job qualifications and language skills. The decline in Germany’s birth rate adds pressure on Merkel’s government to consider reforming immigration rules, with Sieling saying that a new law could be cast “as a law to secure the future”. Still, the debate must also address the question of whether Germany would be prepared to attract new immigrants by liberalising its strict citizenship legislation. Like many Western nations, Germany has job shortages in a range of sectors, including the information-technology industry as well as the health system. The German Chamber of Commerce and Industry estimated that the nation needs 100,000 to 150,000 additional foreign workers each year to fill the gaps in the workforce. However, the chamber is not pressing for changes to the present law to address gaps in the labour market. The group’s managing director, Martin Wansleben, pointed out that most of Germany’s immigrants are from the European Union and have free movement of travel in the EU. “Above all, we need a better welcoming culture,” Wansleben said. T hree soldiers on patrol outside a Jewish community centre on the French Riviera were attacked yesterday by a knife-wielding man who was only last week expelled from Turkey, sources said. The attack took place in broad daylight in Nice as the troops were guarding the centre under reinforced security measures introduced after last month’s deadly jihadist attacks in Paris. The assailant left two of the soldiers slightly injured and was immediately arrested, a police source said. A second person who was seen with the suspect before the incident was also detained, a source close to the case added. A security source involved in the investigation told AFP the main suspect was expelled from Turkey last week and had been interrogated by French intelligence services upon his return, who had not gathered enough information to take him to court. Several sources close to the probe named him as Moussa Coulibaly. However, there was “apparently” no link to Amedy Coulibaly, who killed a policewoman and four Jewish shoppers in a kosher supermarket during the Paris attacks that left a total of 17 people dead. “Aged around 30 years old and from the Paris region, he is ... known to the police,” the interior and defence ministries said in a joint statement. One soldier was injured in the arm and the other in the face in the Nice incident. Both were treated by medical personnel at the scene. Anti-terrorist prosecutors in ‘No Jews’ job ad in France sparks furore A French anti-racism organisation has filed an official complaint for discrimination after a company published a job ad online looking for a computer graphics designer who “if possible” is “not Jewish”. The job description, which was published on Monday on specialised website www.graphic-jobs.com by graphic design agency NSL Studio and has since been removed, sparked a furore on the Internet. The company has distanced itself from “the anti-Semitic comments that were published on February 2, 2015 on the site”, it says on its website, where it also announced having filed a complaint so that a probe can determine “who is responsible for this publication”. “NSL Studio is an agency of integrity that does not discriminate,” it said, adding that “the person in charge of the ad will be questioned, a probe launched and the necessary measures taken if it turns out that it really came from us”. NSL Studio had earlier said on its Twitter account that its job ad had been hacked. SOS Racisme spokeswoman Aline Kremer told AFP: “This is a proven case of public discrimination based on the real or supposed belonging to a race, ethnic group or religion, which is punishable by law.” Paris have taken charge of the investigation, a judicial source told AFP. There was no immediate indication why the man carried out the assault. “Shortly after 2pm (1300 GMT), while three soldiers were patrolling in front of a Jewish site ... a passer-by violently attacked one of them with a large knife, aiming at his face and neck,” said a police source. France is home to Europe’s largest Jewish population, estimated to be between 500,000 and 600,000, as well as its largest Muslim community, estimated at around 5mn. The attacks in Paris last month prompted concerns there would be repercussions in both communities, and also highlighted that security forces were a target of extremists. As such, France has deployed some 10,500 soldiers outside “sensitive” sites in the wake of the attacks, notably outside Jewish and Muslim places of worship, schools and media outlets. But in the two weeks after the January 7-9 attacks, 128 antiMuslim incidents were reported to authorities in France, not including Paris and its surrounding region – almost the same amount as the whole of 2014. And anti-Semitism as a whole has risen, with figures showing anti-Jewish acts doubled over the past year. President Francois Hollande has since vowed to combat what he calls “unbearable” rising racism and anti-Semitism in the country, where he says “conspiracy theories” and hatred for Israel are fuelling attacks. 24 Gulf Times Wednesday, February 4, 2015 EUROPE Mother of seven accused of treason to be released AFP Moscow A mother of seven accused of treason for telling the Ukrainian embassy about Russian troop movements was to be released from jail yesterday, her husband said, though the charges against her remain. Svetlana Davydova, who faces between 12 and 20 years in prison, is being held in the high-security Lefortovo jail in Moscow. Her case has led tens of thousands of people to petition President Vladimir Putin to show clemency. “The pre-trial restrictions have been changed,” her husband Anatoly Gorlov told AFP, stressing however that the charge has not been dropped. “It’s too early to rejoice but the kids will see their mother.” Davydova was still breastfeeding her youngest child, a two-and-a-half-month-old girl, when she was arrested last month in the town of Vyazma, west of Moscow. The case has shocked the country, and prompted over 50,000 Russians – including prominent authors and TV celebrities – to petition Putin. “Mr President, we ask you to be merciful towards a woman and mother of a large family,” the letter read. “We are hoping that investigation and a possible trial will be as open and just as possible and will be in accordance with the norms of the law.” Among the signatories were Natalya Solzhenitsyna, widow of the Nobel literature prize-winner Alexander Solzhenitsyn, film director Andrei Zvyagintsev and actress Lia Akhedzhakova. Putin spokesman Dmitry Anatoly Gorlov, husband of Russian activist Svetlana Davydova, holds up a photo of her with their children in the background, at their home in Vyazma. Peskov confirmed that the presidency had received the petition. Activists from the liberal party Yabloko picketed the headquar- ters of the FSB security service, successor to the Soviet-era KGB, whose investigator is in charge of the case. Davydova, 36, who opposes the Ukraine conflict, phoned the Ukrainian embassy last April to allegedly report the military base located near her residential building in Vyazma had emptied, suggesting that its soldiers might have been deployed across the border. She also purportedly informed embassy staff that she had overheard a serviceman saying troops of the Russian military intelligence service, the GRU, would be sent on a mission – presumedly to Ukraine. The Ukrainian foreign ministry said it was not clear how Russian authorities had learned of the phone call, and expressed the hope that they were not eavesdropping on its Moscow embassy. “We would not want to think this is the case,” a foreign ministry spokesman told AFP. Observers call Davydova’s case an embarrassment for the authorities and decry their virtual blackout of any information regarding Russia’s intervention in Ukraine. Critics also describe Davydova’s treatment as reminiscent of the excesses of the repressive Soviet regime, and say the case signalled the government’s readiness to ramp up efforts to squelch dissent. “This is a signal of unthinkable monstrosity, this is 1938,” Akhedzhakova, one of the country’s most outspoken actresses, said on radio, referring to the height of Stalin-era repression. Davydova’s husband said he was grateful for the outpouring of support, adding he and other family members had been questioned by investigators earlier in the day. “The entire family refused to testify against her.” Authorities had previously said Davydova risked losing custody of her children. But yesterday Russia’s ombudsman for children’s rights, Pavel Astakhov, said that Davydova’s husband was taking good care of the children, and that they would remain together as a family. “Svetlana Davydova’s younger children miss their mum very much,” he said on Twitter, citing local authorities. In 2012, Russia broadened its definition of high treason, alarming rights groups that said nearly anyone could fall afoul of the amended law. Davydova is believed to be the first high-profile victim of the modified law. “Practically anyone can now become its victim,” said Gorlov. “Now any housewife who looked out of her window can be accused of treason.” Death toll mounts in east Ukraine as US mulls arming Kiev AFP Kiev F A pro-Russian soldier walks near a house destroyed after shelling yesterday in Donetsk. ears grew yesterday of an escalation in the mounting bloodshed in east Ukraine as the United States mulled arming Kiev and pro-Russian rebels ordered a mass mobilisation. At least 16 civilians and five government troops were killed over the past 24 hours in fierce clashes across the conflict zone, government and pro-Russian rebel officials said. The ferocious fighting remains focused around the battleground town of Debaltseve, a strategic railway hub between the rebel strongholds Donetsk and Luhansk where separatists are fighting to encircle Ukrainian forces. The latest casualties come as fighting has surged in recent weeks after separatists tore up a tenuous ceasefire deal and pushed into government-held territory. The United Nations said yesterday that the civilian death toll has risen by 224 in the past three weeks and that the total of those killed in the conflict since April now stands at over 5,358 people. “Any further escalation will prove catastrophic for the 5.2mn people living in the midst of conflict in eastern Ukraine,” warned UN High Commissioner for Human Rights Zeid Ra’ad al-Hussein. Concerns over the spiralling conflict come as Washington says it is seriously considering providing arms and more military equipment to Ukraine. President Barak Obama’s administration had previously ruled out sending weapons to Ukraine’s government but the failure of economic sanctions to force Russia to halt alleged military support for the separatists has prompted a second look at the option, officials told AFP. “What’s being discussed is perhaps we should begin providing defensive weapons, defensive equipment, to Ukraine,” a senior official said. Washington so far has provided non-lethal assistance to Ukraine, including flak jackets, medical supplies, radios and night-vision goggles. US Secretary of State John Kerry is to jet into Kiev tomorrow for meetings with President Petro Poroshenko and Prime Minister Arseniy Yatseniuk but no official announcement on weapons deliveries is expected. A Ukrainian diplomatic source told AFP that Kiev was hoping to A woman with a child cries inside a bus evacuating them yesterday from Debaltseve. get more “clarity” on its request for weapons following Kerry’s visit and a raft of high-level meetings at an upcoming security conference in Munich. Ukraine and its Western allies accuse Moscow of sending thousands of troops and weapons to support the rebels and spearhead their latest offensive. Moscow has repeatedly denied the allegations but the rebels, however, appear to be equipped with the heavy weaponry of a regular army. As rebels continued to push their offensive, their leaders have announced a mass mobilisation aimed at boosting fighter numbers to 100,000. The voluntary call-up – which has been met with scepticism by some in rebel-held territory – is set to start next Monday, insurgent leader Alexander Zakharchenko said. Kiev authorities announced at the end of January that they also Bravado, resentment and fear as Ukrainians are called to war By Alessandra Prentice, Reuters Kiev M arina’s brother and a close family friend have both been killed on the frontline in Ukraine’s east. Now she has had to say goodbye to her husband, Ruslan, called up to fight pro-Russian separatists in Kiev’s latest conscription drive. “Our family have suffered losses already. My brother died in July. (My daughter’s) godfather died in September. That’s why we are not afraid any more, we simply feel pain,” she said, bouncing five-month-old Valeria in her arms. “It was either serve or go to prison ... he’s promised to come back,” she said, declining to give her surname. After a series of morale-sapping military defeats in the east, the Kiev government has now made military call-up a solemn fact of life for Ukrainian men and their families. And resentment from some over being called up and from others that some young people are dodging the draft by leaving the country could yet turn into a fresh challenge for President Petro Poroshenko and his hardpressed government. Violence has escalated sharply in the east and the Kiev government has ordered a new wave of mobilisation to pull in a further 50,000 troops to counter any new separatist offensive. The separatists have defiantly announced their own conscription effort, aiming to boost their combined forces to 100,000. Two weeks after receiving the order to enlist, Ruslan and around 50 other conscripts from a Kiev suburb gathered at a rundown military base for enrolment. In worn civilian clothes and mismatched camouflage outfits, they posed for photos and embraced family members ahead of a blessing by an Orthodox priest. Some stood silently, hands clenched at their sides. Others traded jokes and shouted “Glory to Ukraine!” as a full military band played a scrappy rendition of the national anthem. “We’re in good fighting spirits, because if not us, who? There’s going to be a big turn-around,” 35-year-old warehouse worker Viktor Rybalko said as he carried his belongings onto the bus taking the men to a training camp. “I don’t have any military experience, but I’ll learn and then we’ll go where the map shows we need to fight.” Pro-Russian separatism erupted in Ukraine’s east last April, after political upheaval in Kiev led to the ousting of a Moscow-backed president. Poroshenko said he wanted the conflict to be over within weeks, but fighting has raged on, killing more than 5,000 people. The separatists, fighting for territory the Kremlin calls “New Russia”, effectively repudiated a five-month-old ceasefire last month and launched a new offensive that has put Kiev’s forces on the back foot. “How has the government let it come to this? It’s a disgrace,” said 68-year-old pensioner Valentina Aleksandrovna, comparing the impact of the war to the nuclear disaster at Ukraine’s Chernobyl power plant in 1986. “When Chernobyl happened, you couldn’t see the danger but it was there. This is the same, the frontline is far away but our boys are dying every day,” she said, wiping away tears as she waved goodbye to her 26-yearold neighbour. As of early December, Poroshenko said 1,252 servicemen had been killed since the start of fighting. The latest separatist offensive has pushed that toll higher, with 57 reported killed just last week. Ukraine’s authorities say there can be no military solution to the conflict, but having designated Russia an “aggressor state” the government is determined to strengthen the 200,000-strong army. Ukraine says the rebels are armed by Moscow and backed by Russian troops, leaving its army heavily outgunned. Amid reports of conscripts fleeing the country to dodge the draft, the government has had to come up with fresh ways to incentivise army service. “It is every man’s duty to defend their nation, their land,” Defence Minister Stepan Poltorak said on Saturday. “There are cases, not widespread but they exist, of people, who to put it lightly are not patriots, going abroad to avoid service.” In a Facebook post that he later deleted, presidential adviser Yuri Biryukov said a significant proportion of conscripts in western regions had not turned up. “According to unofficial sources, hostels and motels in border regions of neighbouring Romania are completely filled with draft dodgers,” newspaper Ukrainskaya Pravda quoted the deleted post as saying. He has not since spoken publicly about the post and did not immediately respond to a Reuters request for comment. More than 1,300 criminal investigations have been launched against citizens suspected of avoiding military service, according to the defence ministry. Members of the newly created Ukrainian interior ministry battalion ‘Saint Maria’ take part in a ceremony yesterday before heading to military training, in front of St Sophia Cathedral, in Kiev. Members of the battalion will be sent to the frontline in eastern regions of Ukraine shortly after the training, according to their commander. In a bid to spur enthusiasm for frontline combat, the government said soldiers would receive an additional 1,000 hryvnia ($62) for each day spent in active battle. Servicemen will also receive 12,000 hyrvnia, 10 times the monthly minimum wage, for the destruction of an enemy vehicle and 48,000 hryvnia for every tank. Barring exemptions for students, parliamentary deputies and some scientists, any Ukrain- ian man between 20 and 60 years old, judged fit to serve, could be called up to fight. In Kiev, the new conscripts pulled off their hats and bowed their newly shaven heads as the priest sprinkled them with holy water. Several of the men, balding or with grey hair, looked close to retirement age. Afterwards, a poem was read out calling on Ukrainians to love their country “in work, in love, in battle, when artillery shells drone”. were calling up 50,000 troops in the face of the latest rebel offensive. Hopes of defusing the conflict look more distant than ever after the latest attempt at truce talks collapsed in acrimony in the Belarussian capital Minsk over the weekend. The rebels say they are willing to stop fighting only if Kiev agrees to redraw the demarcation line agreed in a September ceasefire deal to include gains they have made since in recent days. In the meantime, life for civilians trapped in the crossfire continues to deteriorate rapidly, with many fleeing. “The situation is getting worse by the day,” the head of the International Committee of the Red Cross in Ukraine, Michel Masson, said in a statement. “People are hiding in basements for days on end and those who dare to venture out to collect basic aid risk being wounded or killed.” Ukraine tightens rules for Russians entering country Ukraine’s government has announced tough new rules limiting the documents Russians can use to enter the country in a move likely to stoke further tensions between Moscow and Kiev. From March 1 Russians will no longer be able to enter Ukraine on their internal identity documents and will instead require a passport for overseas travel, a government decree said. Surveys estimate that over 70% of Russians do not possess such a document. “This will allow us to considerably reinforce (border) checks and ensure Ukraine’s national security,” said Prime Minister Arseniy Yatseniuk. Russians could previously travel to Ukraine for 90 days on their identity card or a birth certificate for a child. The move will likely affect several million Russians, especially those near Ukraine’s border where many families have relatives on both sides of the frontier. Kiev and the West accuse Russia of providing the separatists with arms and regular soldiers, something Moscow denies. Only 28% of Russians possess an international passport, while 76% of Russians have never left the borders of the former Soviet Unions, according to a study by the independent Levada centre published in April last year. Gulf Times Wednesday, February 4, 2015 25 EUROPE Italy president urges reform DPA/Reuters Rome I taly’s new president, Sergio Mattarella, has called for political reforms and collective efforts to beat a record-length recession in his inauguration speech. Mattarella, 73, was elected for a seven-year mandate by national and regional lawmakers on Saturday. He replaces the 89-year-old Giorgio Napolitano, who resigned January 14 due to old age. “I swear to be loyal to the republic and to loyally observe the constitution,” the former constitutional judge and one-time Christian Democrat minister said at a swearing in ceremony yesterday in parliament. Mattarella said that Italy’s slump, which started in mid2011, had “protracted itself beyond all limits”, fuelling injustice, poverty, social exclusion and solitude, even threatening national unity. “It is essential for budget consolidation to be combined with a strong growth initiative, to be formulated first of all at a European level,” the president said. His comments came amid growing European resentment against austerity policies. Italian presidents have largely ceremonial duties, but they also act as arbiters in a highly partisan political game. Their influence greatly increases at times of political crisis because they can call snap elections, reject laws and nominate prime ministers. Looking a bit nervous and at one time losing a page of his speech, Mattarella said that it was right to describe him as a political “referee”. He added: “A referee should be – and will be – impartial. The The Italian Air Force aerobatic unit Frecce Tricolori (Tricolour Arrows) spreads smoke with the colours of the Italian flag as carabinieri wait for the arrival of Mattarella in front of the Quirinale, the presidential palace, yesterday. players should help him with their fair play.” Following the president’s inauguration, Prime Minister Matteo Renzi’s government tendered its resignation to him. But officials played down the event, presenting it as a formal gesture of respect to the newly instated head of state, which was going to be rejected. Renzi is pushing political and economic reforms which Mattarella will have to oversee, as the ultimate guardian of the constitution. They include new election rules and a streamlined parliamentary system, which, controversially, will strengthen the executive. “Without passing judgment on individual measures, which is up to Parliament, in its sovereignty, I wish to express the hope that this [reform] path will be completed with the aim of making our democracy more adequate,” Mattarella said. The new president is Italy’s 12th, and the first to hail from Sicily. Speaking as someone who entered politics after the 1980 killing by the Mafia of his brother Piersanti, at the time the governor of Sicily, Mattarella said that national efforts against organised crime and corruption were “absolute priorities”. Matterella then hailed as “heroes” anti-mafia prosecutors magistrates Giovanni Falcone and Paolo Borsellino, who were assassinated by Sicily’s Cosa Nostra mafia in 1992 in two separate, bloody attacks. Since the 1980s and 1990s, when the Sicilian Mafia was Italy’s most powerful organised group, Italy has experienced a rise in other crime groups, nota- bly the ‘Ndrangheta and Camorra groups. These have developed big franchises by infiltrating business activity in northern Italy and elsewhere in Europe. Over the past two years, Italian prosecutors have been investigating several cases of corruption in business and politics. The investigations have ranged from alleged corruption in the awarding of contracts to build venues for the upcoming Expo international fair in Milan, to alleged bribes surrounding the construction of Venice’s flood barrier to a recent case involving local Rome politicians. In a notable gesture for a Catholic, he hinted support for the legal recognition of same-sex unions, as he called for “the full development of civil rights, in the social, economic, personal and sentimental spheres”. 18-year-old charged in assault case that outraged Germany DPA/AFP Frankfurt A n 18-year-old male was charged yesterday with an assault that resulted in the death of a 23-year-old student, a crime that triggered outrage in Germany. The man, identified only as Sanel M because of German privacy laws, has been charged by prosecutors two and a half months after the attack in Offenbach near Frankfurt. Sanel M is accused of knocking to the ground Tugce Albayrak in a McDonald’s parking lot November 15, in retaliation for Albayrak’s intervening in the defendant’s and his friends’ allegedly harassment of two schoolgirls at the restaurant. Albayrak, who was studying A picture taken on November 28, 2014, shows a woman holding up pictures of Albayrak in front of a hospital in Offenbach, western Germany, where the woman was getting medical treatment and where she died. to become a schoolteacher, hit her head and lapsed into a coma. The attack that was captured in a surveillance video that was later broadcast on national media. Two weeks later, her family decided to switch off her life support on her 23rd birthday. The proceedings against Sanel M will take place before the juvenile division of a criminal court in Darmstadt, the prosecutor’s office said. Sanel M is in custody, where he himself became the victim of an assault at a juvenile detention facility in Wiesbaden and suffered a broken nose, a spokesman for investigators said. About 1,000 mourners attended Albayrak’s funeral and a mass online petition has called for her to be posthumously awarded the Federal Order of Merit for her bravery. Chancellor Angela Merkel has expressed support for awarding the honour to a woman called a “role model” by President Joachim Gauck for showing “bravery and civil courage in an exemplary way”. Turkey revokes passport of Erdogan rival Reuters/AFP Ankara T he Turkish government has cancelled the passport of ally-turned-foe Fethullah Gulen, local media reported yesterday, the latest salvo in a bitter feud between the US-based Muslim cleric and President Recep Tayyip Erdogan. Erdogan and his ruling AK Party (AKP) accuse Gulen and his supporters of seeking to establish a “parallel state” in Turkey and of orchestrating a corruption investigation in 2013 which briefly threatened to engulf the government. Gulen, who denies the accusations, stepped up his own criticism of Erdogan, saying that he was leading Turkey “toward totalitarianism”. CNN Turk said on its website that Turkey had informed US officials on January 28 that it was revoking Gulen’s passport because it was issued based on a “false statement”. Gulen has lived in self-im- posed exile in Pennsylvania since 1999. A Turkish foreign ministry official said he could not confirm the media reports. The move could bring Ankara a step closer to issuing a formal extradition request for Gulen. Washington is expected to reject such a demand, further fraying bilateral ties already strained over regional policy and US concerns over what some see as Erdogan’s increasing authoritarianism. Erdogan has already called for Gulen to be deported. In December a court issued an arrest warrant for the cleric, who had been a close ally of Erdogan’s Islamist-rooted party for many years after it came to power in 2002. After the graft allegations emerged in 2013, however, Erdogan, then prime minister, purged Turkey’s state apparatus, reassigning thousands of police and hundreds of judges and prosecutors deemed loyal to Gulen. Turkish authorities have also conducted raids against media Gulen: The AKP’s leaders now depict every democratic criticism of them as an attack on the state. organisations seen as close to Gulen, triggering criticism from rights groups and the European Union, which Turkey still aspires to join. Hidayet Karaca, head of the Samanyolu broadcaster who has been jailed since December, said yesterday that the case against Gulen and senior media executives was politically motivated. “The police raids and arrests have become part of a strategy by the AKP government to silence the free press. It’s no longer possible to discuss judicial independence in Turkey,” Karaca said in a written response to questions from Reuters submitted through his lawyers. In an op-ed published yesterday in the New York Times entitled Turkey’s Eroding Democracy, Gulen accused Erdogan – who remains popular in Turkey – of using his electoral successes to ignore the constitution and suppress dissent. “By viewing every critical voice as an enemy – or worse, a traitor – they are leading the country toward totalitarianism,” he wrote. “The AKP’s leaders now depict every democratic criticism of them as an attack on the state,” Gulen wrote. He said that a “historic opportunity” for Turkey to become a progressive state with a real chance of EU membership had been “squandered” in the AKP’s crackdown on civil society and the media. The opinion piece identified Gulen, 73, who rarely emerges from his well-guarded compound, as an “Islamic scholar, preacher and social advocate”. He did not identify Erdogan by name in the article. Mattarella reaffirmed Italy’s commitment to the European Union, but urged the bloc to show more solidarity on migration. Rome has often clashed with EU partners over the sharing of the burden of migrants who cross the Mediterranean by boat. He also warned against nationalistic responses to the threat posed by Islamist terrorism, and paid tribute to Stefano Tache, a two-year-old who was killed in an anti-Semitic attack against Rome’s synagogue in 1982. “He was our child, an Italian child,” Mattarella said. An elaborate protocol was followed for the presidential inauguration. Twenty-one blank cannon shells were fired from the Janiculum hill after Mattarella swore loyalty to the constitution, and the air force aerobatics team kicked into action when Mat- Mattarella: A referee should be – and will be – impartial. The players should help him with their fair play. tarella later laid a wreath at the Tomb of the Unknown Soldier in Piazza Venezia. The so-called Frecce Tricolori flew above the landmark monument spewing green, white and red smoke, representing the colours of the national flag. Mattarella, who over the past few days has been seen around Rome aboard a humble Fiat Panda city car, was then driven to the presidential Quirinale palace in a stately 1960 Lancia Flaminia open-topped limousine, accompanied by horseguards in full uniform. “I think he is an extraordinary figure,” said Elvira Piraino, who stood outside the presidential palace while Mattarella was being sworn in nearby in Parliament. “Let’s hope he will live up to our expectations.” Former prostitute takes the stand in DSK case AFP Lille L urid details of lunchtime sex parties emerged yesterday as an ex-prostitute nicknamed “Jade” took the stand in a French trial over a high-end prostitution ring that landed former International Monetary Fund (IMF) chief Dominique Strauss-Kahn in court on charges of pimping. The first part of the multifaceted trial with 14 accused is focused on a prostitution ring allegedly run by the owners and a publicist for the luxury Carlton hotel in the northern city of Lille. It was during a probe into the so-called “Carlton Affair” that investigators stumbled across the name of Strauss-Kahn, whose high-flying career and presidential prospects imploded when a New York hotel maid accused him of sexual assault in 2011. Strauss-Kahn will not appear until he testifies next week, and witnesses are not allowed to refer to those not present, but the now-retired prostitute Jade made references to “a public figure” she met through the “Carlton” vice ring. It is members of the Carlton ring who allegedly procured prostitutes – including Jade – for the entourage of Strauss-Kahn, who threw sex parties for the dis- graced former finance minister in Paris, Brussels and Washington. Jade, bespectacled and with a brunette bob, dressed in neutral colours with a scarf wrapped tightly around her neck, burst into tears several times as she told how she had been forced to take up prostitution to support her two young children after her divorce. She explained how Rene Kojfer, 74, former public relations manager for the Carlton and her employer Dominique Alderweireld, a notorious brothel owner in Belgium just across the border who is known as “Dodo the Pimp”, would organise for her and other women to attend lunchtime sex parties at a private Lille apartment. When the judge asked her directly what she was paid for, she retorted: “Well, I wasn’t there doing the cleaning.” “There were sexual relations but each person had a partner, there was no orgy where everyone gets involved, the men made their choice,” she said, describing a “classy” environment with champagne and a buffet. This is in comparison to the orgies with Strauss-Kahn, which she described during the investigation as “carnage with a heap of mattresses on the floor”, according to prosecution sources. Prostitution is legal in France but procuring – the legal term for pimping which includes encour- A court sketch shows a former prostitute, known as Jade, testifying for the first time on the second day of the so-called ‘Carlton Case’ trial at the Lille courthouse. aging, benefiting from or organising prostitution – is a crime. As such the trial focused on who paid whom, and who gave the orders. On one occasion, Jade said Kojfer – accused of setting up local businessmen and police officials with prostitutes – handed her cash directly, and in other cases the bill was settled by “Dodo”. She claimed that Kojfer paid the girls much less than promised, saying “times are hard”, adding “but we got a free bathrobe”. Kojfer denies the charge of “aggravated pimping”, saying that he was merely doing a service for his friends by introducing them to the prostitutes he knew. Strauss-Kahn said on Monday that he had never set foot in the Carlton and did not know Kojfer and “Dodo”. Russia, Poland argue over WWII anniversary ... and unpaid rent Russia and Poland traded diplomatic barbs yesterday over the 70th anniversary of the end of the World War II in a sign of Moscow’s worsening ties with Warsaw, the EU’s leading critic of its role in Ukraine. Relations between Moscow and the West have already plummeted over the conflict in Ukraine, and Warsaw has advocated ratcheting up EU sanctions on Russia. The latest spat centred around the 70th anniversary of the liberation of the Nazi death camp of Auschwitz by Soviet troops in Poland and preparations to mark the anniversary of the end of the World War II in May. Poland’s Foreign Minister Grzegorz Schetyna angered Russia nearly two weeks ago when he played up the role of Ukrainians, rather than Moscow’s Red Army, in liberating Auschwitz. He also questioned whether it was appropriate to mark the anniversary in Moscow. Russia’s Deputy Foreign Minister Grigory Karasin responded that Schetyna was shaming himself and insulting millions of Russians killed in the battle to defeat Nazi Germany. Yesterday, Poland’s foreign ministry said it formally complained to the Russian embassy, handing a protest note to Russia’s charge d’affaires at the ministry in Warsaw. In a separate decision yesterday, a court in Saint Petersburg ordered the eviction of the Polish consulate from its building there, Tass reported. The regional arbitration court ruled in favour of a state firm which sued the consulate over some 74mn roubles ($1.1mn, €960,000) in unpaid rent, demanding that its staff be kicked out. Consulate officials “must pay Inpredservice debts in the amount of 74mn roubles and move out of the building”, the court’s press service said. Polish diplomats have occupied two city centre buildings since 1983. Inpredservice, which leases space to foreign missions, argues that the consulate has not paid rent since 1993 and that the lawsuit is merely for the last three years. In a comment to Interfax news agency, the Polish embassy in Moscow said that the consulate stopped paying because Russia hiked the rates 10-fold while using space for its diplomatic offices in Poland for free. 26 Gulf Times Wednesday, February 4, 2015 INDIA RELIGION TRAGEDY RELIEF HEALTH ORGANISATION NHRC seeks report on church attack Policeman dies in hit-and-run case Petrol, diesel prices cut by over Rs2 a litre 3 more die of swine flu in Telangana Foundation stone laid for PHFI southern campus The National Human Rights Commission yesterday sought a report from the home ministry into the attack on a Delhi church. The NHRC’s move comes following media reports that some unidentified people broke into the St Alphonsa’s Church and defiled the place of worship and sacred objects. The church’s administration on Monday claimed it did not seem to be just an incident of theft as it was the fifth attack in nine weeks on a Delhi church. A few sacred items, including a ciborium (receptacle) and a monstrance kept inside a tabernacle, a cabinet made of wood and glass, were taken away. The NHRC said it also received a complaint from lawyer Manoj V George that the police were not taking appropriate action. A 50-year-old Delhi police constable died a day after he and a home guard were hit by a speeding car, police said yesterday. Constable Ajmer Singh received multiple injuries after car hit him and home guard Krishan Pal, 25, on Monday around 1.50am. Singh and Pal were deployed at a police picket on the Uttar Pradesh-Delhi border in east Delhi’s Ghazipur area when car coming from Uttar Pradesh hit them. Pal was discharged after first aid as he had only minor injuries. “The errant car driver hit Ajmer and Krishan when they signalled it to stop,” said a police official, adding the car driver is still on the run. Singh, a resident of Sonipat in Haryana, was posted at Ghazipur police station and lived in the police barracks while Pal lives in east Delhi’s Shahdara area. With international crude oil prices continuing to rule below $50 per barrel, India’s three state-run oil marketing companies (OMCs) yesterday reduced petrol and diesel prices Petrol price in Delhi will be cut by Rs2.42 per litre, while diesel cost will come down by Rs2.25 per litre from today. As a result of the latest price revision, consumers will pay Rs56.49 per litre for petrol and Rs46.01 for diesel in the national capital. Currently, petrol is priced at Rs58.91 and diesel Rs48.26. According to Indian Oil Corporation (IOC), the latest revision was done due to the the deceleration of prices globally and the appreciation in rupee-dollar exchange rate. Three more people have died of swine flu in Telangana since Monday, taking the toll to 34. According to the health department, 122 samples were tested for H1N1 virus on Monday and of them, 39 were found positive. The authorities screened 1,976 samples since January 1 and of them, 668 were found positive. The health department, however, continues to maintain that the intensity of swine flu is decreasing as the number of cases is showing declining trend. Officials said enough stocks of medicines have been made available at all teaching, district and area hospitals. They advised people to take all precautions such as reporting to the hospital on the first symptoms of swine flu like high fever, sneezing, cough and body pain. Telangana Chief Minister K Chandrasekhar Rao yesterday laid the foundation stone for the southern regional campus of Public Health Foundation of India (PHFI), a public-private organisation working to strengthen public health system. The first phase of the project with an initial investment of Rs600mn, will be ready in two years. The chief minister announced Rs100mn as immediate assistance from the state government for building the campus, which is coming up at Rajendarnagar on the city’s outskirts. He also promised to consider the demand that the government provide 50% of the estimated cost of the campus. KCR, as Rao is popularly known, said the government would also consider the suggestion for university status to PHFI. Brides hire langurs to halt monkey business Holy dip India vows to implement nuke deal ‘at ‘an early date’ AFP Agra W edding rings - check. Brass band - check. Large, aggressive monkeys - check. Anxious brides wanting the perfect wedding day are leaving nothing to chance in northern city of Agra, hiring large monkeys and their handlers to keep pesky smaller ones at bay. Grey langurs are becoming increasingly common at outdoor weddings to ward off their natural enemy rhesus monkeys which are known to gatecrash and wreak havoc, an official said yesterday. “The langur-handlers are much in demand during the winter wedding season,” Ram Avtaar, an official in the city’s municipal corporation said “They usually charge up to Rs3,000 ($48) if booked in advance but the rates can go up to Rs10,000 in case of an emergency when monkeys have already entered a venue.” Though revered by the Hindus, monkeys are a major menace in many cities, trashing gardens, office and residential rooftops and even viciously attacking people for food. Agra, home to the Taj Mahal which attracts huge numbers of tourists, has seen monkey numbers increase in recent years, in part because devout Hindus believe feeding them is auspicious. With weddings increasingly held outdoors, many brides in Agra have already faced a simian scare, the Times of India reported. Amita Singh was quoted as saying she was shocked to find a group of uninvited monkeys chattering away on her wedding day. “I was so scared that I fell off my chair,” the daily quoted the 29-year-old as saying. “My make-up and dress were completely spoilt.” She hired a langur and handler for her reception, held on a separate day for Hindu weddings. Significant work remains on the fine print of a deal aimed at unlocking projects worth tens of billions of dollars that have been stuck on the drawing board for years Reuters New Delhi/ Washington A Hindu devotees gather on the banks of the Ganges river to take a ‘holy dip’ on the occasion of Maghi Purnima during the annual traditional fair ‘Magh Mela’ in Allahabad yesterday. “breakthrough understanding” to open India’s nuclear power sector to US firms reached during President Barack Obama’s visit to New Delhi last month could be finalised this year, Indian officials say. The January 25 announcement by Obama and Prime Minister Narendra Modi followed six weeks of intensive talks, but few details were released beyond a framework based on India’s acceptance of the principle that plant operators should bear primary liability in the event of a nuclignificant work remains on the fine print of a deal aimed at unlocking projects worth tens of billions of dollars that have been stuck on the drawing board for years. India wants to nearly treble its installed nuclear capacity, which would make it the world’s second biggest market after China. US officials say details of an insurance scheme to protect suppliers from crippling lawsuits need to be thrashed out and India still has to ratify a UN nuclear convention. Indian officials do not rule out completing the process this year. “We are committed to moving ahead on all implementation issues at an early date,” said Syed Akbaruddin, spokesman at of the ministry of external affairs. “There are no policy hurdles left.” General Electric and Westinghouse, a unit of Japan’s Toshiba, were fully briefed on the meetings of a nuclear “contact group” that hammered out the nuclear compromise in London, say sources with direct knowledge of the talks. Bringing them into the mix was crucial because the prospect of huge lawsuits, like those against Union Carbide over the 1984 Bhopal gas disaster, has until now kept US and other foreign firms on the sidelines. India and the US signed a landmark agreement to co-operate on nuclear power back in 2008. Yet an expected bonanza never materialised because India later passed a law that would expose reactor makers to liability if there was an accident. The liability issue has become a metaphor for the unrealised potential of the bilateral business relationship and a question mark against Modi’s “Make in India” mantra. As the days counted down to Obama’s visit, Indian officials persuaded their US counterparts that their law was “not incompatible” with international standards that place the burden of liability on the operator, said one senior US official. New Delhi also proposed setting up an insurance pool with a liability cap of Rs15bn ($244mn). The state-run Nuclear Power Corporation of India would pay premiums to cover its liability. Suppliers would take out separate insurance against their secondary liability - which could not exceed that of the operator - at a “fraction” of the cost. India must still ratify the International Atomic Energy Agency’s Convention on Supplementary Compensation for Nuclear Damage (CSC), which requires signatories to channel liability to the operator and offers access to relief funds. “We would be looking at how quickly we can ratify the CSC this is part of our assurance to the suppliers, along with the insurance pool,” said an Indian member of the contact group, set up by Obama and Modi at a Washington summit last year. The US official said Washington expects the Indians to ratify with the IAEA in the near future, along with documentation “stating what their law intends” on the issue of liability, which should offer further reassurance to US firms. The US industry would have preferred the issue to be settled by amending the liability law, something considered politically impossible for Modi to achieve at the moment. Have BJP’s Delhi calculations gone wrong? D id the BJP wait for far too long to press the button for Delhi elections? Did party president Amit Shah, after masterminding successful campaigns in Maharashtra, Haryana, Jharkhand and even in Jammu and Kashmir to a large extent, get it wrong in the national capital? And, most importantly, after sweeping almost everything before it for nearly eight months, is the Modi “wave” finally beginning to ebb? Neutral commentators, longtime Delhi watchers and even some from the Aam Aadmi Party (AAP), the BJP’s chief rival in these polls, say that had elections to the Delhi assembly been held sometime in July or August of 2014, it would have been a piece of cake for Prime Minister Narendra Modi’s party. And it was for Modi, Shah and Arun Jaitley - or perhaps in the reverse order as the first two were still “outsiders” to Delhi politics while Jaitley is a dyed-in-the-wool ‘Delhiite’- to decide that. President’s rule was imposed on Delhi on February 17, 2014 after AAP chief minister Arvind Kejriwal resigned in a huff. It was expected that whoever won the parliamentary polls of April-May 2014 - and there was little doubt, never mind the hindsight, that the BJP was the ascendant political outfit - would get the Delhi im- broglio out of the way before addressing issues/elections in other states. After all, it is a small state (in fact it is not even a state on several parameters!) and a party that could win nationally must find it easy pickings in its own backyard. But Modi and his team seemed to think otherwise. Yes, from the point of view of strengthening its base in the Rajya Sabha, where the BJP is suffering from a major lack of numbers, states like Maharashtra were very important. The Modi-Shah combine must have also felt that if the government were to make a splash with the muchbandied “good governance” coupled with a few bold economic reforms, the politically conscious Delhi voter would be glad to embrace the party. As far as political strategies go, there is nothing wrong with such thinking. But then all politicians should remember that public memory is proverbially short and fickle. The hoped-for reforms are taking time not just because Modi is finding the Rajya Sabha hurdle too high to surmount but also because these are matters that require much deliberation and discussion among the stakeholders and in India that is a stupendous task considering the sheer scale of each issue. Take for example Modi’s pet ‘Clean Ganga’ project. There are Delhi Diary By A K B Krishnan 402 tanneries in Uttar Pradesh’s Kanpur district alone and almost every one of them is sending untreated and highly toxic waste water into India’s most famous river. Successive state administrations have been pushed and prodded by various federal governments over the years to get these units closed but with little success. Even the Supreme Court has found it difficult to get its orders implemented. You may wonder what is so difficult about getting a factory or a hundred like it closed. If it’s not political clout that is helping the owners of these tanneries then it’s their muscle power as many of them are owned by the underworld. If not handled delicately the Ganges will not just have factory effluents in its waters but also human blood. No government would want that to happen. This is just one example from one district. There are scores of districts through which the Ganges flows and there are hundreds of factories that discharge pollutants into the river. The point is banking on reforms alone to win votes may not be a very good idea. Especially in the present case where Modi has been in power for just three quarters of a year whereas any reforms of this magnitude will take years to impact, if at all. It won’t admit it openly but the BJP knows its calculations for Delhi had gone wrong horribly. (The RSS, though, has said as much through its mouthpiece, Organiser). The internal strife within the state unit of the party was always an open secret. In fact, in his first appearance at a meeting of Delhi leaders Amit Shah had sarcastically said he had never wanted to attend since Delhi had enough leaders of its own. Perhaps the first mistake that the party committed was to take its then Delhi unit chief Harsha Vardhan out of state politics and “elevate” him to federal level as a minister in Modi’s cabinet. Vardhan, a practising doctor of some repute and a pleasant but low-key politician, was generally accepted by everyone in the state unit as a non-controversial figure who could lead the party to power. But Modi and Shah felt Vardhan would be better off elsewhere and that renewed the tussle within the party for the leader’s chair. The BJP made amends, so to say, by bringing retired police officer and anti-corruption crusader Kiran Bedi to fill the leadership vacuum, but this too has created problems for the party. (To add strength to Bedi’s hands, the BJP has asked Vardhan to chip in with his presence at party rallies, especially the ones that Bedi will be addressing). But to many in the party Bedi is an “outsider” who has been imposed on the state unit by the national leadership. Some state leaders have been quick to remember that Bedi had painted the BJP in bad light and had even called Modi, then chief minister of Gujarat, names during her anti-graft agitation in the company of Anna Hazare. At press conferences and public rallies in the run-up to the 2013 elections Kejriwal and his minions would wave what supposedly were authentic documents and fling allegations of corruption, mainly at the Congress Party which was then in power both in the state and at the Centre. When reporters asked why it was not going to the police or to the courts with those documents, the AAP leadership would wash its hands clean saying it was up to the government to take note and initiate action. AAP is once again indulging in similar “shoot-and-scoot” strategy; only their target has shifted from the Congress to the BJP. That is all very well because the AAP has been seen as a party that thrives more on someone else’s perceived mistakes than on its own administrative and political acumen. Curiously, the BJP too has fallen prey to this strategy which, unfortunately, will lead to sidestepping the main issues that confront the people of Delhi. The BJP has compiled a list of questions for Kejriwal to answer. Every day the party is releasing five of these questions. But instead of asking questions that directly concern the citizens, the BJP is attempting to throw mud at Kejriwal on a somewhat silly personal level. For instance, one of the questions raised by Nirmala Sitaraman, Modi’s articulate commerce minister who has been hastily drafted to prop up the party campaign, is why “common man” Kejriwal flew chartered. (The flight was chartered by the India Today group from Jaipur to Delhi for Kejriwal to attend a function organised by the magazine). Surely the BJP can do better. At least that’s the impression Modi the great communicator has given till date. No wonder the BJP is floundering in Delhi. Corporate honchos support BJP The BJP may have had its hands full facing up to the challenge thrown by Arvind Kejriwal, but there is no dearth of support for Modi’s party elsewhere. The latest to swear allegiance to the saffron outfit is a bunch of corporate honchos cutting across sectors as varied as airlines to healthcare to information technology and even media. Amit Shah presented saffron scarves to welcome to the party fold nearly 100 such top executives, including Henry Moses, country head of Qatar Airways, Pervez Alamgir Khan of Lufthansa, Neeta Agarwal of AT&T, Dr Naveen Talwar of Fortis Hospitals and Rajiv Bhambri of India Abroad newspaper USA/Canada. Changing horses midstream is par for the course for professional politicians, former Congress minister Krishna Tirath being the latest example. But getting so many influential businessmen, who otherwise remain mostly apolitical or at least keep their political leanings to themselves because you never know which way the wind will blow in the next elections, is definitely a first for any party in India. Modi, after all, must be doing something right! Gulf Times Wednesday, February 4, 2015 27 INDIA BJP faces possible defeat in Delhi, say opinion polls The BJP’s campaign marked by infighting with party workers frustrated that Kiran Bedi was appointed as the chief ministerial candidate Agencies New Delhi P rime Minister Narendra Modi is facing his first state election defeat since taking charge last year, opinion polls show, a result that would dent his chances of consolidating power needed to speed up an economic recovery. The ruling Bharatiya Janata Party has ordered scores of its top national and state leaders to campaign for this weekend’s highprofile election to the Delhi assembly where the anti-corruption Aam Aadmi Party is threatening to stop its momentum. But even the appointment of Finance Minister Arun Jaitley to oversee the campaign while he is writing this month’s federal budget may not be enough. “This is the first time that we may see Modi’s momentum stopped and that will be a shock,” said Satish Misra, a political analyst at the Observer Research Foundation. “Despite putting every last drop of energy into this campaign, it looks like the BJP is heading for defeat.” Modi needs to win most of the state elections over the next four years to gain control of both houses of parliament to deliver on his promise of jobs and economic growth. The upper house Rajya Sabha, where his party is in a minority, is frustrating his efforts to pass laws related to tax and foreign investment. The BJP’s campaign has been marked by infighting with party workers frustrated that Kiran Bedi, the first woman officer in the Indian Police Service, was appointed as the party’s chief ministerial candidate - even though she wasn’t a party member until three weeks ago. India’s most powerful Hindu group, the Rashtriya Swayamsewak Sangh, which is also the ideological parent of the BJP, said yesterday the party was struggling in Delhi and criticised Bedi, saying she was unpopular. The AAP is on course to win between 36 and 41 of the 70 seats in the Delhi assembly, according to three opinion polls published this week. The BJP is on course to win between 27 and 32 seats and the Congress Party, which has dominated politics over the last century, will win between two and seven seats, its worst-ever performance in the city, the polls show. The vote will take place on February 7 and the results will be announced three days later. BJP spokesman Sudhanshu Mittal dismissed reports that the party was getting nervous about a likely defeat. “Who said we are in panic? We will deploy all the resources at our command. This is Delhi. Ministers and parliament members live here. Why should they not campaign?” Meanwhile the Congress attacked Bedi over her credentials as an administrator. A case was filed against her over alleged loss to the exchequer when she was the Inspector General of Prisons but the case was closed last year during the IANS New Delhi T he Congress yesterday attacked the Bharatiya Janata Party for referring to northeast people as “immigrants” in its vision document, and asked if the ruling party considers people from the region like those from other countries. The BJP, rushing to make amends, withdrew the word and stressed that the “brothers and sisters of the northeast are the pride of Delhi.” The Congress’ campaign chief Ajay Maken, while releasing the party manifesto here, said: “Does the BJP consider the northeast people like those from other countries? Does the BJP want to say that the northeast is not part of the country?” Maken said at a time when Prime Minister Narendra Modi and Bharatiya Janata Party chief ministerial candidate Kiran Bedi greet each other at a campaign rally in New Delhi yesterday. Presidential rule in Delhi, the Congress said. Congress leader Anand Sharma also targeted the AAP over allegations that it had accepted funds from “dubious companies” in the run-up to the Lok Sabha polls last year. Sharma said the BJP should answer why an FIR (first information report) against Bedi was closed, and also about her being “removed” by some states where she was posted. “When she was IG prisons, there were some complaints. The Delhi High Court directed the Delhi police to register an FIR. It was closed during central rule in Delhi,” Sharma said. He said the FIR concerned “misuse of position” which caused loss to the exchequer. Sharma said Bedi was brought as chief ministerial candidate for her administrative experience as Hardline Hindus become Modi’s enemies from within Reuters Rishikesh I n an ashram near the Ganges river in the Himalayan foothills, priestturned-politician Sakshi Maharaj mimes rowing a boat to illustrate what will happen if Prime Minister Narendra Modi’s government ignores Hindu nationalist demands. “Modi will have to be a boatman: one oar must focus on the economy and the other must concentrate on the Hindu agenda,” says Maharaj, clad in saffron robes and sitting cross-legged on a bed. He twirls his bejewelled fingers in the air, explaining that otherwise the boat will spin in circles. The Hindu priest, who has been charged with rioting and inciting communal violence, is the embodiment of hardline religious elements in Modi’s Bharatiya Janata Party whose strident behaviour is dragging on the government’s economic reform agenda. In recent months, Maharaj has created uproar by describing Mahatma Gandhi’s Hindu nationalist assassin as a patriot, saying Hindu women should give birth to four children to ensure the religion survives and by calling for Hindus who convert to Islam and Christianity to be given the death penalty. For the first time since the election last year, some BJP lawmakers are rebelling against his focus on mending the economy and governance at the expense of promoting Hinduism. This is testing the authority of a leader who captured power to a degree not seen since Indira Gandhi ruled India more than three decades ago. Hardline Hindu politicians impatient with Modi’s refusal to champion their cause are beginning to advance their own agendas. Maharaj, for example, wants to make it illegal for Hindus to change religions and seeks the death penalty for slaughtering cows, an animal revered by Hindus. Protests erupted at the most recent parliamentary session over a campaign by hardliners to convert Muslims and Christians to Hinduism, torpedoing key foreign investment legislation that the opposition had earlier agreed to pass. Modi had to use executive orders to drive policy, but they are seen as a stopgap measure that cannot replace reforms needed to address India’s slowing economic growth. Congress attacks BJP over northeast ‘immigrants’ Sakshi Maharaj poses at his residence in New Delhi. The MP is the embodiment of hardline religious elements in the Bharatiya Janata Party. “Modi has a major problem with these extremist elements,” said S Chandrasekharan, director of the South Asia Analysis Group in New Delhi. “If he can’t bring them under control they are going to ... sap the energy needed to carry out reforms.” In a sign the world is watching, US President Barack Obama warned on a recent visit that India’s success depended on it not splintering along religious lines. At the spiritual retreat, or ashram, elderly disciples with long grey beards bend to kiss the feet of Maharaj, who wears light brown socks with sandals, an orange turban, gold-framed Dolce and Gabbana glasses and a chunky gold-coloured watch. With a self-proclaimed following of 10mn people, Maharaj, a four-time member of parliament, draws support through a network of dozens of ashrams and colleges. “I am aware that I am a powerful man,” Maharaj says. “I can make or break the government.” Maharaj is charged by police with rioting and inciting a mob after helping tear down the 16th-century Babri mosque in Ayodhya in 1992, an event sparking riots in which around 2,000 people died. He admits being present at the dem- olition but says he could not stop the crowds. In India, trials can take decades because of a shortage of judges. Modi will have a clearer idea of whether radical elements are alienating voters when the BJP fights elections in New Delhi. Also this month, the government must present the budget and try to enact three emergency decrees in parliament. In December, Modi told lawmakers their behaviour was hurting the party and warned them not to cross the Lakshman Rekha, a forbidden line in Hindu mythology, according to party officials briefed on the meeting. “The message is loud and clear: there is no room for any diversion from the economy,” said BJP spokesman G V L Narasimha Rao. The battle for the government’s direction is particularly acute for Modi, because he and his party are ideologically rooted in Hindutva, or Hinduness, a concept sometimes defined in strident opposition to Muslims and Christians. Modi himself has consistently denied accusations that, as chief minister of Gujarat, he did not do enough to prevent riots in which more than 1,000 people died, most of them Muslims. A Supreme Court inquiry found no evidence to prosecute him. there was “dearth” of leaders in the BJP. “Why was she removed from Mizoram? Why she was removed from Chandigarh and Goa? If answers are not provided till tomorrow, we will disclose the reasons,” Sharma said. Referring to AAP, he said: “Are they fighting the polls with money from the common man or from fake companies? The whole truth should come out.” External Affairs Minister Sushma Swaraj was visiting China, which lays claim to Arunachal Pradesh, was it proper for the BJP to come out with a vision document terming the northeast people “immigrants”. He said the Congress demands that the BJP rectify the error and apologise to the. Noted journalist and BJP spokesman M J Akbar, at a press conference yesterday evening, said the party was withdrawing the word, and that it was “mistakenly used”. “The brothers and sisters of the northeast are the pride of Delhi. The word was mistakenly used. We withdraw the word, and we repeat that their (northeast people’s) welfare is as important as that of any citizen of Delhi and the country,” Akbar said. 28 Gulf Times Wednesday, February 4, 2015 LATIN AMERICA VIOLENCE LAW AND ORDER BAD LOSER FORECAST CRIME Football fan dies after being shot outside stadium Oil company’s executive held on corruption charges Brazil beauty pageant ends in chaos Colombia 2016 GDP growth ‘to be more than this year’ Thieves steal microchips worth millions from airport Police have begun an investigation into the death of a 16-year-old fan of the Brazilian regional club Novo Hamburgo, who was shot twice during clashes between rival groups of hooligans. Who had shot the teenager late on Sunday after the 2-2 draw against Aimore was unknown, police said. The authorities were looking into the possibility that the teenager was shot by the security forces dealing with the clashes outside the stadium in Novo Hamburgo, in the southern Brazilian state of Rio Grande do Sul. The teenager died in hospital from the wounds he had sustained, local media reported. Venezuela has arrested state oil company PDVSA’s production boss for the oil-heavy western part of the country on corruption charges, a week after arresting an oil ministry employee, reported to be his sister, on similar suspicions. Jose Luis Parada is suspected of “administrative irregularities in contracting companies for the distribution of gasoline,” the prosecutor’s office said in a statement. The news follows last week’s arrest of oil ministry official Nubia Parada, in charge of overseeing the domestic fuel market, on suspicion of corruption. Local media have reported the two Paradas are siblings. Miss Amazon 2015 in Brazil ended in acrimony and accusations of cheating when a runnerup tore the sash and crown from the winning contestant. Smiling and holding hands, the two finalists waited for the announcement of the result of the competition on Friday night in the Amazonas state in northern Brazil. Carolina Toledo had just a moment to celebrate her victory before furious rival Sheislane Hayalla sneaked up from behind and yanked off her crown and sash. “In Manaus money is the boss and I’m showing the people of Amazonas that money is not in charge here, she did not deserve it,” said Hayalla in reference to the state’s capital. Colombia’s economy will probably grow slightly more in 2016 than the 3.6% predicted for this year, the central bank chief said. “The technical team is projecting 2016 growth figures a bit above those for 2015,” Jose Dario Uribe told reporters after his quarterly presentation in Bogota. A nearly 60% drop since June in prices for oil has hit government spending plans as revenue from taxes and royalties suffer. The bank held its key lending rate for a fifth straight month last week, saying crude price declines were already being reflected in corporate investment reductions. The seven-member board lowered its 2015 economic growth forecast from 4.3% previously. A gang carried out a spectacular heist on Monday in one of Brazil’s main airports and fled the site with a load of microchips reportedly worth at least $2mn. Airport authorities confirmed that a gang stormed Viracopos International Airport in Campinas in the early hours of Monday. They remained in the freight area for about four minutes before fleeing with the computer hardware. No one was injured in the heist. The police are trying to identify the thieves from airport security camera footage. The Brazilian news website G1 reported that, without firing a single shot, the heavily armed thieves stole four boxes of data-processor chips worth at least $2mn. Haiti bus drivers strike over fuel prices Kayapo Indians protest Biden leading coup attempt in Venezuela, says Maduro Reuters Port-au-Prince T raffic was minimal in the normally clogged streets of Haiti’s capital after a key minibus drivers union called a two-day general strike to protest high fuel prices. “The price of gasoline has fallen on the world market, but in Haiti, the poorest country in the world, the authorities do not follow this trend,” said Fritzner Jean, who drives a colorful pickup-turned-minibus, known locally as “tap-tap”, the Caribbean nation’s main form of public transport. “We want the state to really lower prices because it’s too expensive for us. Look at the hunger that prevails in the country. We cannot tolerate that,” Jean said. In an effort to avoid the strike, the government announced lower fuel prices on Friday, with gasoline dropping to 200 gourdes ($4.30) per gallon from 215 ($4.62), and diesel down to 167 ($3.59) from 177 ($3.80) gourdes. Those prices, however, were deemed insufficient by the taptap drivers’ union. Prime Minister Evans Paul, without further comment, wrote on his Twitter account at midday: “I say no to those who want to smash the Republic.” Protesters put up barricades of burning tyres at several key intersections in the capital. “We are blocking every tap-tap driver who wants to work,” said a man who was pulling a car over. He would identify himself only as “Rodney.” “We are getting the passengers out, without violence. For sure it annoys people but the population understands. We have to be united, otherwise we are dead,” he said. The cash is badly needed to pay off Haiti’s mounting fuel debt of more than $1.5bn with Venezuela’s preferential PetroCaribe programme, which allows countries to receive oil while deferring payment over 25 years at an interest rate as low as 1%. AFP Caracas A Kayapo Indians occupy the entrance of the Planalto Palace as a protest, in Brasilia. The Kayapo Indians are asking to meet with the Brazilian president, and are calling for the renewal of the Basic Environmental Plan (PBA), relating to the infrastructure works in indigenous lands in the south of Para state. Cuba releases new photos of Fidel Castro AFP Havana C uban state media late Monday released the first photographs of former president Fidel Castro in nearly six months in a bid to quiet rumours that his health is failing. The images showed the 88-year-old Castro at his home along with his wife Dalia during a meeting with the leader of a students’ union, and were published in the state-run newspaper Granma and other official media. Castro had remained quiet publicly after the US and Cuba announced in December that they were going to restore diplomatic relations after a half century of enmity stemming from the Cold War. That silence prompted chatter on social media and in foreign media that Castro was sick or even had died. The article accompanying the new photos said the meeting took place January 23. The headline says, “Fidel is extraordinary.” The photos show Castro wearing a blue sweat-suit with a bluechecked collared shirt. The images come after weeks of feverish speculation concerning the Cuban revolutionary leader’s medical condition after he appeared to disappear from the public eye. Castro had remained quiet publicly after the US and Cuba announced in December that they were going to restore diplomatic relations after a half century of enmity The last time he was seen in public was January 8, 2014, when he attended an art gallery opening near his home. Swirling rumours of Castro’s demise have cropped up often since he stepped down from office during a health crisis in 2006. Raul Castro, the longtime armed forces chief, took his brother’s place at Cuba’s helm. The Granma article said that the meeting between Castro and the student leader came four days before Castro finally broke his silence on the diplomatic breakthrough with the US and said that, although he was wary of his old enemy Washington, he did not oppose it and viewed the historic change as a “positive step.” Perdomo said his talks with Castro were as if he were talking to an old friend. He said he got a call the night before from Castro and was moved when he finally heard a voice he had often heard from afar. “How are you, Randy,?” said Castro, according to Perdomo. He said they talked about the articles that Castro has published in Granma, and about astronomy and the importance of science in human advancement. In mid-January Castro sent a letter to Argentina football legend Diego Maradona—a friend of his—and this also eased fears that he was on his last legs. s Venezuela’s economic crisis deepens, President Nicolas Maduro has stepped up accusations of plots against his leftist government, lashing out most recently at US Vice President Joe Biden. Just days ago Maduro had fondly referred to Biden as “comrade,” but now the Venezuelan leader was livid. At a rally with several thousand supporters, Maduro angrily accused Biden of going behind his back in talks with regional leaders “to announce the overthrow of my government.” State Department spokeswoman Jen Psaki said the allegations were “baseless and false,” and an attempt to distract from what’s taking place inside the country. “The Venezuelan government should focus on the legitimate grievances of its people, which include repeated violations of the freedom of speech and assembly, as well as due process under the law,” she said. Psaki also announced that the US has imposed visa restrictions on more current and former Venezuelan officials who it deems to have engaged in human rights abuses and “acts of public corruption.” The officials were not identified. Maduro responded calling the new sanctions as “vulgar” and “offensive.” Maduro’s popularity has plummeted to 20% over the past year, as the oil-rich country’s many woes - dire shortages, a Accused of graft shrinking economy, and high crime - have grown worse. Signs that the government feels under siege have become more pronounced with the plunge in the price of oil, the mainstay of the Venezuelan economy. Maduro spent 19 days out of the country in January, seeking to shore up oil prices and attract investments in visits to the Middle East, Russia and China, with little to show for his efforts. His brief stays in Venezuela, meanwhile, have been punctuated by angry denunciations of plans for “a coup d’etat,” “psychological warfare,” “ambush,” “plotting” and “economic war.” “Maximum alert!” Maduro warned his followers. “A plan for a bloody coup d’etat has been put into motion and we must unite popular forces and the military to defeat any coup scenario.” The attacks against the US vice president began on Friday, four days after Biden wooed Caribbean leaders who rely on Venezuela for subsidised oil supplies at a conference on energy security. As Maduro prepared to leave Caracas for a meeting with Lat- Govt takes over supermarket chain Venezuela yesterday said it has temporarily taken over 35 stores belonging to the “Dia a Dia” supermarket chain on charges it squirrelled away food to stoke public exasperation over widespread shortages. President Nicolas Maduro has alleged that a greedy business elite is hoarding goods and engineering long queues by closing check-out counters in a bid to sabotage his socialist rule. Opponents scoff at this as a ludicrous smokescreen, while economists have long recommended the government ease strict currency controls to increase imports and shore up flailing domestic production. Bachelet’s approval ratings rebound Reuters Santiago C Natalia Ciuffardi Castro, 28, is handcuffed and escorted after testifying in the Supreme Court in Santiago. Ciuffardi, who had a relationship with the former director of the Honduran Institute of Social Security (IHSS) Mario Zelaya who is accused of fraud, bribery, abuse of public funds and money laundering, is linked to the wrongful removal of social security funds. in American leaders in Costa Rica, he charged that a “terrorist group” had gone to the Central American country to “try to threaten me.” On his return Friday, he went on television to say that at the meeting various unidentified presidents had warned him that the US was plotting against him, and “to watch out for Biden.” “In Washington, they met with all the governments of the Caribbean and told them that the government of Venezuela was going to be overthrown.” “Vice President Biden, look me in the eyes: Is this what you want for relations with Latin America and the Caribbean?” The week before Maduro lashed out against a visit by expresidents of Colombia, Mexico and Chile who were blocked from visiting jailed opposition leader Leopoldo Lopez. Maduro said the three - Felipe Calderon of Mexico, Sebastian Pinera of Chile, and Andres Pastrana - were coming “to support an extreme right group that is calling for a bloody coup d’etat.” “If a coup d’etat were to occur you would be stained with blood,” he said. hilean President Michelle Bachelet’s approval ratings rebounded in January, reversing a six-month decline, while support for the conservative Alianza bloc dropped to an unprecedented low, pollster Adimark Gfk said yesterday. Approval for the socialist president, who took office for a second non-consecutive term in March, rose to 44% at the start of the new year from 40% in December. Disapproval of Bachelet fell four percentage points to 49% in January. “No doubt several factors combined to explain this improvement,” the polling firm said. Among them, Bachelet won several key legislative battles, specifically the first set of changes that form part of her landmark education reform, an overhaul of Pinochet-era electoral rules and a law allowing civil unions for same-sex and unmarried heterosexual couples. “Secondly, people’s views of how the economy and jobs are being managed suggests that perceptions about the economy are stabilising and even improving,” said the pollster. Despite a slowdown of economic activity in Chile, the world’s top copper exporter, the labour market has remained surprisingly resilient. Meanwhile, approval ratings for the conservative Alianza coalition dropped to a dismal 11% and disapproval jumped to 78% as several of its key leaders are mired in a campaign-finance scandal. That compared to approval of 20% and disapproval of 71% in December. “The opposition Alianza bloc has faced its biggest institutional crisis in many years, which is reflected in a disapproval for this coalition of 78%, the most ever recorded for this series,” said Adimark Gfk. Gulf Times Wednesday, February 4, 2015 29 PAKISTAN/AFGHANISTAN BUSINESS REVENUE OFFENSIVE COST OF LIVING MILITANCY New law to strengthen public-private partnership Notices issued to 240,000 taxpayers in Pakistan Five US drone strikes kill 26 people in January Inflation eases at 3.9%, signals weak economy Taliban kill six Afghan cops in two attacks The Khyber Pakhtunkhwa government has introduced Public-Private Partnership Act 2015 to empower all government’s departments to ink agreements with private organisations and institutions for the benefit of the people. According the official documents, under PPP Act, health department will enter into agreements with donor agencies and private hospitals and institutions to provide specialised healthcare facilities to the people and improve the standard of medical education in the province. The law would be implemented fully from the coming fiscal where every department would be released amount to monitor its implementation. The Federal Board of Revenue of Pakistan has issued notices to 240,000 potential taxpayers in a bid to bring them under the tax net. In a press release issued on Monday, Director General Broadening of Tax Base Rehmatullah Wazir claimed to have collected transactional and non-transactional information about these people. The information was collected from motor vehicle registration authorities, car manufacturers, power companies, property registration authorities, mobile phone companies, Pakistan Medical and Dental Council, Pakistan Engineering Council, Pakistan Bar Council and Jamal’s Yellow Pages. The US stepped up its drone campaign in Pakistan during the first month of the year, launching more strikes and killing more people in a month than any since July 2014. This was stated by the London-based Bureau of Investigative Journalism in its monthly report for January 2015. It said the CIA killed at least 26 people in five strikes giving January the highest casualty rate in six months. “Four of the five strikes reportedly targeted the Shawal area a thickly wooded region with steep valleys that crosses the borders of North and South Waziristan, and of Pakistan and Afghanistan. Annual consumer inflation hovered at a record low of 3.88% in January, signalling some weakness in the economy but also giving policymakers more room to ease policy to support much-needed growth. The Pakistan Bureau of Statistics (PBS) data yesterday showed the consumer price index (CPI) inflation was recorded at 4.3% in December 2014. Average inflation in first seven months (July-January) of the on-going fiscal year remained at 5.8% over the corresponding period last year. During last three months, CPI inflation has been hovering around 4. It was 3.9% in November last year. Taliban killed six police officers and injured eight others in separate attacks in southern Afghanistan, officials said yesterday. In tHelmand, at least two police officers were killed and five others wounded when a suicide car bomber hit a convoy yesterday, said Omar Zwak, the provincial governor’s spokesman. “The incident occurred in Lashkar Gah, the provincial capital, when the police forces were going to their checkpoints outside of the city,” he said. Taliban claimed responsibility for the bombing. On Monday, four policemen were killed and three others injured when dozens of Taliban insurgents attacked their outposts in Charcheno district. Pakistan hangs two for sectarian murder The two militants were convicted of killing a doctor in 2001 in Karachi; Some 22 people have been executed since the deadly school attack in Peshawar P Pakistani residents throw rose petals over ambulances as they transport the bodies of convicted militants from the banned Sunni militant outfit Lashkar-e-Jhangvi (LeJ) from the central jail after they were executed in Karachi yesterday. The latest sectarian outrage was on Friday, when a suicide bomber killed 61 people at a Shia mosque in the southern Pakistani district of Shikarpur. It was the deadliest attack targeting Shias in Pakistan since February 2013, when 89 were killed in a market bombing in the southwestern city of Quetta. Anti-Shia attacks have been increasing in recent years in Karachi, Quetta, the northwestern area of Parachinar and the far northeastern town of Gilgit. Around 1,000 Shias have been killed in the past two years in Pakistan, with many of the attacks claimed by LeJ. The country has stepped up its fight against militants since the Taliban school massacre in the northwestern city of Peshawar in December. Heavily armed gunmen went from room to room at the army-run school gunning down 150 people, most of them children, in an attack that horrified the world. In the aftermath the government ended a six-year moratorium on executions, restoring them for terror-related cases, and pledged to crack down on all militant groups. The roads outside Karachi Central Prison were closed to traffic overnight as a security measure before the hangings. Both the murderers were arrested in 2004 and tried in an Anti-Terrorism Court, which Hundreds rally as killer of Punjab governor appeals handed down the death sentence. The United Nations, the European Union, Amnesty International and Human Rights Watch have called on Pakistan to re-impose its moratorium on the death penalty. Rights campaigners say Pakistan overuses its anti-terror laws and courts to prosecute ordinary crimes. There are also concerns that death row convicts from cases not related to terrorism could be executed. T A Supporters of former police bodyguard Mumtaz Qadri hold his portrait as they shout slogans calling for his release during a protest outside the high court building in Islamabad yesterday. of religious movement Pakistan Sunni Tehreek shouted “The lock of the prison will break, Qadri will be released!” and “Be ashamed, release Qadri!” Malik Mohamed Safeer, Qadri’s brother, urged his release. “My brother has done nothing wrong. He is happy and satisfied in the prison and always prays to God. Salman Taseer was killed because he committed blasphemy,” he said. Defence lawyers said they expect the appeal to be decided within weeks. Pakistan lifted a moratorium on executions in terror cases in December after Taliban gunmen massacred 150 people at a school. But executing someone convicted of murdering a “blasphemer” would risk a backlash from hardline religious groups and even more moderate public opinion. he United States budget for the next fiscal year, released on Monday, includes assurance that Washington will continue to assist Pakistan’s efforts for countering terrorism. “For Pakistan, the budget demonstrates our commitment to fostering stability and prosperity, and provides security assistance that promotes counter-terrorism and counter- insurgency capabilities,” said a statement issued with the budget. “The budget continues to support public engagement and partnership programmes in Pakistan and maintains staffing in order to support these critical US priorities,” it added. The statement issued by the US State Department assured Islamabad and Kabul that the budget for the next US fiscal year “reinforces our commitment to Afghanistan and Pakistan”. The US fiscal year begins on Oct 1 of the current year and ends on Sept 30 of the next calendar year. The $3.99tn US budget includes $561bn in defence outlays. There is a discretionary funding of $50.3bn for the State Department and the US Agency for International Development. Funds for countering terrorist activities and helping development in Afghanistan and Pakistan come from these two sources. The defence budget includes funds for confrontation with Russia over its incursion in Ukraine and the USled fight against Islamic State militants in Iraq and Syria. It also reserves $14bn for cybersecurity measures. The State Department noted that Afghanistan now had “a new reform-minded” government, which encouraged Washington to continue its security, economic and civilian programmes in that country. These programmes were “necessary to solidify the progress made over the last decade”, the statement said. The budget also invests in security improvements at diplomatic facilities in Afghanistan to sustain operations as the US military presence continues to decline. “The budget continues to support public engagement and partnership programmes in Pakistan and maintains staffing in order to support these critical US priorities” The $50.3bn of discretionary funding includes $7.0bn in overseas contingency operations. Of this, $3.5bn is for countering the ‘Islamic State of Iraq and the Levant’ and for responding to the crisis in Syria. About $1bn has been set aside to address the root causes of migration from Central America, including the migration of unaccompanied children. The budget also provides funds for promoting clean energy and sustainable development in vulnerable countries. It provides $5.4bn for international organisations and peacekeeping missions. A total of $4.8bn has been set aside to support security requirements, infrastructure and programmes that enable US operations and relations with foreign governments. The budget also allocates an undisclosed amount of money for countering Russian “pressure and aggressive actions”. Teachers, schools disappointed over security arrangements Internews Lahore AFP Islamabad former Pakistan police bodyguard appealed yesterday against his death sentence for murdering a provincial governor who sought reform of blasphemy laws, as hundreds rallied outside the court to show support. Mumtaz Qadri was sentenced for killing Punjab governor Salman Taseer outside an upmarket coffee shop in Islamabad in 2011. Qadri has admitted shooting Taseer, saying he objected to the politician’s calls to reform strict blasphemy laws which can carry the death penalty. Around 300 of Qadri’s supporters chanted slogans calling for his release as a two-judge bench at Islamabad High Court began hearing the appeal. Qadri has been hailed as a hero by many conservatives eager to drown out any calls to soften the legislation. At his original trial, Qadri was showered with rose petals by some lawyers. His current appeal team features two judges, including the former chief justice of Lahore High Court. Outside the court, protesters wearing shirts with the logo Internews Islamabad T AFP Islamabad akistan hanged two sectarian militants yesterday for the murder of a Shia doctor in Karachi, officials said, the latest executions since the government ended a moratorium on the death penalty. Attaullah, alias Qasim, and Mohamed Azam were convicted of killing doctor Ali Raza in 2001 at the busy Soldier Bazaar area of Pakistan’s largest city, which is racked by rising sectarian violence. A total of 22 people have now been executed since the government brought back hangings in terror cases amid public outrage over a Taliban massacre at a school that left 150 people dead. “They were hanged at 6:30 this morning and their bodies have been handed to their relatives,” a prison official said on condition of anonymity. The convicts were both members of the banned Sunni militant outfit Lashkar-e-Jhangvi (LeJ), he added. Unknown attackers detonated a low-powered bomb near two schools in Karachi yesterday and left a note at the scene warning of more violence if the hanging of militants did not stop. Pakistan has suffered a rising tide of sectarian violence in recent years, most of it perpetrated by hardline Sunni groups such as LeJ against minority Shias, who make up around 20% of the population. US support for Pak anti-terror efforts continues eachers’ associations in Pakistan’s Punjab province have expressed their disappointment at the security measures taken for the schools in the province. The Punjab Teachers Union says the security plan was not comprehensive. PTU general secretary Rana Liaquat Ali says the government plan caters only to Category A schools. This leaves out more than 50% of the primary and middle schools, he adds. Category A includes schools that have previously received threats of a possible terrorist attack and have a student population of over 500, according to the Schools Education Department. PTU general secretary also complained that headmasters were being threatened with disciplinary action for their failure to comply with the security plan even though no funds had been released to them for the purpose. “Some headmasters have spent out of their pockets or borrowed money to avoid action against them,” he said. In a statement released on Sunday, the PTU had also ac- cused the government of victimising some teachers. It said the officials were using failure to comply with the security plan as a pretext to settle old scores. The statement was released after services of two Lahore-based headmasters were surrendered to the SED secretary for their failure to comply with the plan. The executive district officer (Education) rejected the charge. He said funds for enhancement of security measures had already been released to the schools through the deputy district officers as well as the school councils. Meanwhile, SED deputy secretary (planning and budgets) Qaiser Rasheed claimed to have spent Rs1.96bn on enhancing security arrangement across schools in the province. He denied that the government was ignoring some schools altogether. “So far, we have released funds to more than 4, 100 schools,” he said. Though all of these are Category A schools, security concerns at the remaining are being taken care of under various other schemes. “We are raising boundary walls at more than 14,000 schools through various government schemes for providing missing facilities,” he says. Rasheed says the government is working with private school owners as well to ensure that security arrangement at their premises are in accordance with the standards set in the plan adopted following the Peshawar attack. In a statement last week, the All Pakistan Private Schools Management Association (APPSMA) had demanded financial assistance from the government for meeting the requirements of the plan. APPSMA president Adeeb Jawedani had said that the government should provide funds to the private schools if it wants them to enhance security arrangements in accordance with the new plan. “Private schools can only provide nominal security on their own. They need financial assistance to make changes in accordance with the government’s plan,” he said. The SED deputy secretary ruled out the possibility of security grant. Under the new plan, schools are required to have the following facilities on their premises: Closed Circuit Television (CCTV) cameras, barbed wires atop their boundary walls, and metal detectors at all entrances. The plan also mandates teachers’ training in the newly-introduced security measures. 30 Gulf Times Wednesday, February 4, 2015 PHILIPPINES Aquino, Abad may face charges over special fund By Jomar Canlas Manila Times W ith the final ruling of the Supreme Court (SC) sealing the fate of the outlawed Disbursement Acceleration Programme (DAP), criminal charges can be filed against President Benigno Aquino and Budget Secretary Florencio “Butch” Abad since the High Court has ruled that only the authors of the programme can be held accountable. Thirteen SC magistrates did not waver in their findings that the spending programme was illegal. The tribunal, however, partly granted the government’s motion for reconsideration by modifying the decision it issued in July 2014. In its recent ruling, it said the authors of the spending programme, Aquino and Abad, can be taken to court. They can only be cleared if the court found that they acted in good faith. “(T)he proper tribunals can make concrete findings of good faith in their favour only after a full hearing of all the parties in any given case, and such a hearing can begin to proceed only after according all the presumptions, particularly that of good faith, by initially requiring the complainants, plaintiffs or accusers to first establish their complaints or charges before the respondents’ authors, proponents and implementers of DAP,” the High Court’s spokesman, Theodore Te, said. “The want of good faith is thus better determined by tribunals other than this court, which is not a trier of facts,” he added. The SC ruled that the proponents and implementers of the project will no longer be held liable for their acts. In its ruling, the SC cited three reasons that made DAP unconstitutional: the withdrawal of unobligated allotments from the implementing agencies, the declaration of the withdrawn unobligated allotments and unreleased ap- propriations as savings, prior to the end of the fiscal year and without complying with the statutory definition of savings contained in the General Appropriations Act (GAA); the cross-border transfers of savings of the executive to augment the appropriations of other offices outside the executive; and the use of unprogrammed funds despite the absence of a certification by the National Treasurer that the revenue collections exceeded the revenue targets for non-compliance with the conditions provided in the relevant GAA. The tribunal deleted from the list of illegal acts, the funding of projects and activities and programmes that were not covered by any appropriation in the GAA. “Accordingly, so long as there is an item in the GAA for which Congress had set aside a specified amount of public funds, savings may be transferred thereto for augmentation purposes,” Te explained. In its clarification ruling, the SC en banc opined that “its decision did not declare the en masse invalidation of the 116 DAP-funded projects as the court itself recognised the encouraging effects of the DAP on the country’s economy.” Malacanang welcomed the SC ruling since it upheld the presumption of good faith. In a statement, Palace spokesman Edwin Lacierda noted that the High Court has upheld the doctrine of operative fact, which according to him, “declared all acts are valid until they are declared unconstitutional.” “The presumption of good faith has been preserved and emphasised, which clarified the previous impression that the authors are presumed to be in bad faith,” Lacierda said. Cebu Archbishop Jose Palma also lauded the SC ruling. Palma, the former president of the Catholic Bishops’ Conference of the Philippines (CBCP), campaigned against the DAP by launching in August last year the “People’s Initiative Against Pork Barrel.” Getting ready to welcome ‘Year of Goat’ A shopper looks at golden goat statuettes for sale at a store in Chinatown in Manila yesterday. The Chinese Lunar New Year on February 19, will welcome the ‘Year of the Goat’. Government, Vietnam mull key alliance against Beijing Foreign department spokesman Charles Jose has said the talks focused on issues of mutual concern and singled out the South China Sea issue AFP Manila T he Philippines and Vietnam, two of the most vocal critics of China’s attempts to claim almost all of the South China Sea, have held talks on forging a strategic partner- ship, an official said yesterday. Without naming China directly, Philippines foreign department spokesman Charles Jose said the talks focused on issues of mutual concern and singled out the South China Sea issue, a territorial dispute involving several countries in the region. He said the talks were held last week and involved Philippine Foreign Secretary Albert del Rosario and Vietnamese Foreign Minister Pham Binh Minh. “It is important because we share common concerns in this ‘Double Down Dog’ of KFC unleashed in Philippines AFP Manila A man eats a “Double Down Dog,” in Manila yesterday, a product conceived and introduced by the Philippine franchise of KFC. just feeding the illnesses, gout, diabetes and heart disease out there. It’s sad that this is sort of a reflection of what the fastfood industry is,” Gonzales said. There aren’t any plans to market the product outside the Philippines, but it has spread beyond the country’s borders on social media. “KFC debuts latest food travesty” said the news web- site Mashable, while the pop culture website Uproxx called it “KFC’s latest fast food abomination”. “Thank you, Satan for designing the Double Down Dog,” read one Twitter post. the waters. The Philippines and Vietnam have in recent years accused China of increasingly flexing its military muscle in the region. This has included the deployment of a Chinese oil rig to the north of the Spratlys which raised tensions with Vietnam last year. Jose said “discussions are still ongoing but both sides agreed to elevate the relations to a higher level”. He stressed that “security and defence” were part of the partnership but that it would also cover economic and trade issues. The Philippines presently has strategic partnerships with the US and Japan, he added. Last month, del Rosario said he would warn fellow members of the Association of Southeast Asian Nations (Asean), including Vietnam, Brunei and Malaysia, that China’s efforts in the region were a threat to all of them. China’s official news agency in turn, on likened the Philippines to a “crying baby” for seeking such international support against its actions in disputed waters. Lawmakers set to delay passage of Bangsamoro bill By Llanesca T Panti Manila Times T F astfood giant KFC in the Philippines has begun selling a hotdog wrapped in fried chicken instead of bread and covered in cheese sauce to the horror of dieticians and amusement of social media users. The “Double Down Dog” seeks to exploit Filipinos’ love for hotdogs and fried chicken, KFC Philippines marketing director Errol Magdato said. “We know that Filipinos are very adventurous when it comes to food and we know how much we love hotdogs,” Magdato said in an email response to queries sent by AFP. He shrugged off the ridicule that has been heaped on the locally-developed product, saying that in terms of calories it was “basically the same or slightly less than” a double cheeseburger and that it has had good feedback from customers. KFC initially offered the ‘dog’ for two days in late January with only 50 sold in select restaurants, but it has now become part of the menu. Vegan cook Marie Gonzalez, who runs a gourmet food company in Manila, described the Double Down Dog as “disgusting”. “An all-meat sandwich is region especially when it comes to the South China Sea issue,” he told reporters. He described the issue as “one of the moving forces,” behind the planned partnership. The Philippines and Vietnam have been the most outspoken countries in the region in criticising China’s efforts to claim virtually all of the South China Sea, which contains major sea lanes and fishing grounds and is believed to hold vast mineral resources. Brunei, Malaysia and Taiwan also have conflicting claims to he House of Representatives has scrapped its self-imposed March deadline for passage of the proposed Bangsamoro Basic Law (BBL). Cagayan de Oro City representative Rufus Rodriguez, chairman of the ad hoc committee on the BBL, yesterday said it will be impossible for the chamber to pass the measure since the Philippine National Police and the Armed Forces of the Philippines (AFP) failed to submit substantive reports on the Mamasapano clash in Maguindanao that killed 44 members of the PNP-Special Action Force (SAF). “Frankly, we will not be able to meet that (March) deadline. We still have to receive reports from the PNP and the Armed Forces on the incident, as well as the OPAPP and the ARMM, by February 9. We have to discuss such reports and invite certain people here to verify the reports,” Rodriguez told reporters, referring to the Office of the Presidential Adviser on the Peace Process and the Autonomous Region in Muslim Mindanao. “We need these reports in full because these will affect many BBL provisions,” he said. In a news conference, Ako Bicol party-list representative Rodel Batocabe, spokesman for the Party-list Coalition Foundation Inc (PCF), said their 39-member bloc has agreed to call for the suspension of committee hearings on the BBL until such time that the investigation of the Philippine National Police’s Board of Inquiry (BOI) of the incident is concluded. “Frankly, we will not be able to meet that (March) deadline. We still have to receive reports from the PNP and the Armed Forces on the incident, as well as the OPAPP and the ARMM, by February 9. We have to discuss such reports and invite certain people here to verify the reports” “Our coalition urges the committee to suspend all deliberations until such time that the culpability of those responsible are determined. There cannot be peace without justice,” Batocabe added. The panel asked the PNP for a copy of the organisation plan of Oplan Wolverine, the top-secret mission for the pursuit of the international terrorist Marwan, as well as the post-operation report on the incident and the decommissioning pact for the MILF’s gradual turning over of arms to the government. Muslim lawmakers, however, called on their colleagues not to use the Mamasapano incident as a deterrent to peace. The joint statement of Muslim legislators was signed by Deputy Speaker Pangalian Balindong of Lanao del Sur alongside representatives Tupay Loong of Sulu, Jim Hataman of Basilan, Bai Sandra Sema of Cotabato City, Ansaruddin Adiong of Lanao del Sur, Maryam Napil Arbison of Sulu, Zajid Mangudadatu of Maguindanao, Ruby Sahali of Tawi-Tawi, Raden Sakaluran of Sultan Kudarat and Sitti Hataman of Abante Mindanao party-list. “As representatives of the different Muslim political constituencies, we renew our commitment of support to His Excellency, President Benigno Aquino, in his search for meaningful, lasting and sustainable peace as we also assure not only the concerned families but the entire Filipino nation of our willingness to support any investigation or measure that will give justice where it is due,” the group said. “We condemn the incident as highly unfortunate in the wake of our determined and sustained effort to promote genuine peace, more particularly in Muslim Mindanao, through the enactment of the Bangsamoro Basic Law that intends to give essence and substance to the Comprehensive Agreement on the Bangsamoro,” the lawmakers added. Gulf Times Wednesday, February 4, 2015 31 SRI LANKA/BANGLADESH 7 burnt to death after bus firebombed in Bangladesh AFP Dhaka A nti-government protesters firebombed a bus full of sleeping passengers in eastern Bangladesh yesterday, killing seven in spiralling political unrest aimed at toppling Prime Minister Sheikh Hasina. Several passengers were also critically injured in the attack in the town of Chauddagram which was blamed on activists from the main opposition Bangladesh Nationalist Party (BNP) led by two-time former premier Khaleda Zia. “Seven passengers were burnt to death in the bus after the petrol bomb was thrown at 4am,” district police chief Tuttul Chakrabarty said by phone. “Five of the passengers are fighting for their life as 40-80% of their bodies were burnt. They have been shifted to a hospital in the capital,” he said. “It’s an act of murder and we’re going to hunt down culprits.” One person also died from burn injuries yesterday from an attack on a van overnight in the capital, a doctor at the Dhaka Medical College Hospital said. The deaths bring the toll in the month-long protests to 54 - most of them victims of firebomb attacks on buses and lorries - as opposition activists try to enforce a transport blockade. Authorities have stepped up the pressure on 69-year-old Zia, who has been holed up in her office since January 3, in a bid to halt the violence. She called the protests early last month, urging supporters to enforce a nationwide blockade of roads, railways and waterways to force Hasina to call a fresh election. The BNP and its allies boycotted the last poll in January 2014, saying they believed the result would be rigged. Authorities on Monday ordered a probe into allegations of murder against Zia over the deadly protests, while a media magnate who is one of her closest aides was arrested. Survivors of yesterday’s attack said the bus was packed with local tourists returning overnight from the resort town of Cox’s Bazaar to the capital Dhaka. “I woke up hearing loud cries and saw people burning in the bus. I jumped through the window and found a friend in flames. I doused the fire but his condition is critical,” one survivor told private Ekattur TV. Up to 15 people were injured after they jumped from the vehicle’s windows to try to escape the blaze, the police chief added. Police inspector Mahfuzur Rahman said that authorities suspected BNP activists were behind the petrol bomb. Raids were carried out on local villages near the location of the attack but no arrests were made. In another attack yesterday, four people suffered burn injuries after a petrol bomb was thrown at a moving train outside Dhaka, police said. Hundreds of people have been injured since the protests started, while local media say more than 850 vehicles have been gutted or damaged and inter-city transport services have ground to a halt. IANS Colombo A A resident who suffered burn injuries after a petrol bomb attack on a bus was treated by a doctor at the Dhaka Medical College Hospital in Dhaka yesterday. Security forces have launched a nationwide crackdown — but the arrest of more than 10,000 opposition supporters appears to have done little to quell the unrest. Zia denies her BNP and its Is- lamist allies are responsible for the firebombings and has demanded the release of detained opposition officials and leaders. To press her demands, her party announced that a threeday strike that had been set to Commonwealth backs Lanka’s new war probe AFP Colombo T he Commonwealth yesterday welcomed Sri Lanka’s plans to establish a “credible” inquiry into war crimes allegations, after talks with new President Maithripala Sirisena and the former British colony’s other leaders. Se c re ta ry- G e n e ra l Kamalesh Sharma also offered Commonwealth assistance to set up the judicial inquiry into allegations troops killed thousands of Tamil civilians during the final stages of its ethnic war. “We have discussed options for practical Commonwealth support for these vital domestic processes, and welcome the intent to establish a credible domestic investigation mechanism that respects international humanitarian law,” Sharma said at the end of a three-day visit. Sirisena pledged during last month’s election campaign to set up a probe into allegations 40,000 civilians were killed in the final push of the separatist conflict that ended in 2009. Sirisena defeated former strongman Mahinda Rajapakse who had long resisted international pressure to conduct a probe Ex-minister arrested over fake document into the allegations which are the subject of a UNmandated international investigation. Rajapakse hosted a Commonwealth summit in Colombo in November 2013 that was boycotted by several heads of state over his insistence that not one civilian was killed. Rajapakse is credited with crushing the Tamil Tiger rebels who at the height of their power between 1990 and 1995 controlled a third of Sri Lanka’s territory. Sharma said the Commonwealth was pleased Colombo was moving to memorialise all those who died in the conflict. “We were pleased to Flags for sale A Sri Lankan vendor rides his bike as he sells national flags ahead of the island’s Independence Day in Colombo. Sri Lanka is preparing to mark the 67th anniversary of independence from Britain on February 4. learn that the government is currently considering the necessary steps to address Sri Lanka’s accountability and reconciliation needs,” Sharma said. The UN estimates that at least 100,000 people died in the war between 1972 and 2009. The previous government had not allowed ethnic minority Tamils to honour their war dead and Tamil rebel cemeteries were bulldozed after the end of the war. The new government has promised a South Africanstyle truth and reconciliation commission to help Tamils and ethnic majority Sinhalese come to terms with the war. Strong ‘judiciary can help avoid foreign investigation’ A strong judiciary in Sri Lanka will help avoid an international probe into war crimes allegedly committed by the military in the war against the Tamil Tigers, the government said yesterday. Foreign Minister Mangala Samaraweera said the government needed to convince the world that Sri Lanka’s judiciary was competent, independent and impartial, Xinhua reported. “An international inquiry, initiated last year, is now currently nearing completion,” the minister said. “The results of this inquiry could lead to Sri Lankan armed forces and other civilians appearing before an international tribunal unless tangible steps are swiftly taken to restore judicial credibility,” he said. “It is the previous administration’s failure to set up credible domestic mechanisms that has led to our current difficulties,” he added. Rights groups have accused the military of killing thousands of Tamil civilians in the last stages of the war that vanquished the Tamil Tigers in May 2009. The minister said the challenge was to ensure that Sri Lanka does not face economic sanctions and a tarnished reputation. The minister defended the removal of controversial Chief Justice Mohan Peiris, saying he acted in violation of the international standards of judicial conduct. end yesterday would now be extended until Thursday. Hasina has accused her bitter rival Zia of trying to trigger anarchy. Authorities last week charged the opposition leader with abetting and in- stigating the firebombings. Western countries including the EU, the impoverished nation’s biggest export destination, have urged Hasina’s government and the opposition to hold talks to resolve the crisis. leading Sri Lankan politician was arrested on Monday based on a complaint lodged by Prime Minister Ranil Wickremesinghe, police said. Former health minister Tissa Attanayake was apprehended over a document which he had made public before the January 8 presidential election, alleging a secret deal between newlyelected President Maithripala Sirisena and Prime Minister Wickremesinghe, Xinhua quoted police spokesperson Ajith Rohana as saying. Attanayake had displayed the document at election rallies held in support of former president Mahinda Rajapakse, which also showed signatures purported to be that of Wickremesinghe and Sirisena. Once the general secretary of the former opposition United National Party which is now the ruling party, Attanayake had claimed that Wickremesinghe and Sirisena had reached an agreement even before they decided to work together at the presidential vote. Rohana said Prime Minister Wickremesinghe had filed a complaint last month, saying the signatures on the documents were forged and had urged for a probe. Wickremesinghe and Sirisena had strongly denied the existence of such a document and accused Attanayake of forging their signatures. Sirisena defeated Rajapakse in the January presidential poll and since then has launched a crackdown on alleged corrupt deals of the former government. 32 Gulf Times Wednesday, February 4, 2015 COMMENT Chairman: Abdullah bin Khalifa al-Attiyah Editor-in-Chief : Darwish S Ahmed Production Editor: C P Ravindran P.O.Box 2888 Doha, Qatar [email protected] Telephone 44350478 (news), 44466404 (sport), 44466636 (home delivery) Fax 44350474 GULF TIMES Unsustainably low oil can upset markets and deter investment As the global oil market has lost more than 50% of its value since June last year when prices were hovering above $100 a barrel, oil companies, especially US shale players, are taking a back-breaking hit. Exxon Mobil Corp said on Monday its quarterly profit fell 21% amid weaker prices. The company will cut its share buyback programme in the first quarter by more than half to $1bn. Rival Chevron Corp has said it suspended its buyback programme for the year. Investors have pumped more than $1.4tn into the oil and gas industry over the past five years as prices averaged more than $91. The infusion helped lift US crude output to the highest in more than 30 years, according to Bloomberg data. But the current bear market, with oil having plunged below $46, has wiped out a total of $393bn from the market since June. The number of US rigs drilling for oil has now fallen 24% from 1,609 to just 1,223 since early October, according to oilfield services company Baker Hughes. Several prominent forecasters have said the rig count will fall below 1,000 by the end of the first quarter. The oil market is seen set for “more problems” this year as increasing supplies from countries, including Russia and Iraq, add to the global glut, Bloomberg has quoted Morgan Stanley as saying. In addition, output gains from fields in West Africa, Latin America, the US and Canada may offset supply concerns in Libya. Falling prices, for sure, can unsettle the demandsupply balance in the long-term. Cheap oil can cut investments to develop new oil and gas fields. ConocoPhillips has said it would trim its 2015 capital budget by 20%, or about $3bn, one of the biggest cuts by a US oil firm in dollar terms. Near-term, projects worth more than $150bn are likely to be put on hold. The result is higher energy costs and fewer alternatives once global demand revives. In the Gulf, governmental spending plans have largely been unchanged vis-a-vis a lower-oil-priceenvironment. But state-owned oil companies have announced prudent cost-cutting measures in the face of consistently lower prices. Qatar Petroleum is reportedly rationalising its spending plans and is understood to be planning to streamline its workforce to become a more efficient and leaner corporation and better utilise its resources. Saudi Aramco has cancelled a number projects and put on hold its deepwater exploration and drilling activities in the Red Sea. Meantime, investors are increasingly divided over the direction of crude oil prices. But just as oil prices above $100 throughout much of 2012-2014 were unsustainably high, current prices below $60 are unsustainably low, says Reuters market analyst John Kemp. There are, of course, gainers and losers from the nosedive in global crude prices and the plunge is generally seen as aiding global growth. But the longer it takes to arrive at a sustainable price level, which would encourage future energy investments, the harder will the hit be on oil market stability. Indictments against ECB are baseless and confusing In today’s world of global monetary interdependence, the rule of the game is that every currency union should pursue its own price stability By Jean Pisani-Ferry Paris I n Northern Europe, especially Germany, the European Central Bank’s decision to embark on quantitative easing (QE) has triggered an avalanche of indictments. Many are unfounded or even baseless. Some are confusing. Others give greater weight to speculative dangers than to actual ones. And few point to real problems, while ignoring potential solutions. Judging by the criticism, one might consider zero inflation a blessing. But if that were true, central banks around the world would have set it as a target long ago. Instead, all of them define price stability as low, stable, but positive inflation. That is because zero inflation has three overwhelmingly negative consequences. First, it erodes the effectiveness of standard monetary policy (because if interest rates went much below zero, depositors would withdraw cash from banks and put it in safes). Second, it makes relative wages (of, say, manufacturing versus services employees) more rigid, because wage contracts are generally set in euro terms. And, third, it increases the burden of past debts and makes exiting from a private or public debt crisis even more painful. But, say the critics, there is no reason to worry, because the eurozone’s near-zero inflation is merely the result of the sharp drop in oil prices. Unfortunately, there is indeed plenty of reason to worry. Consumer price inflation in the eurozone has been below target for 22 consecutive months – long before the price of oil started collapsing. Cheaper oil is a boon for growth; but it also lowers long-term inflation expectations, which are the true target of monetary policy. Then there is the critics’ claim that below-target inflation is needed to restore competitiveness. This is just confusing. It is true that rebalancing competitiveness within the eurozone has not yet been completed, and that some countries thus need to record below-average inflation to cut aboveaverage costs. But this is not true of the eurozone as a whole. Eurozonewide competitiveness depends on product quality and the euro exchange rate, which is flexible. Inflation is irrelevant in this respect. The argument that QE will destroy fiscal discipline cannot be rejected out of hand Nonetheless, the ECB’s critics fear the sorcerer’s apprentice: monetary initiatives like QE will ultimately cause runaway inflation. This reasoning is strange, at best. If the critics’ point is that central banks make mistakes, it seems worth pointing out that the mistake made in the eurozone was to let inflation reach excessively low levels. Now the ECB is reacting with force, but, as Japanese policymakers have found, exiting from deflation is far from easy. ECB president Mario Draghi may fail to bring inflation back to 2%. Or he may overshoot. Nobody knows. But it is odd to claim that a speculative danger should prevent the ECB from fighting one that is all too real. Then comes the claim that QE is illegal. But the ECB’s primary responsibility is to achieve and maintain price stability. When conventional interest-rate policy becomes impotent, its duty is to rely on other instruments. The purchase of government bonds is explicitly authorised by the EU Treaty. This is not to say that QE has no downside. It probably will create asset-price bubbles. Ultra-low interest rates lift asset prices in two ways: they increase the present value of the future income stream of a stock or a fixed-income bond; and they make credit and property purchases more affordable. So asset-price inflation is likely, and policymakers will have to contain it through regulatory tools, such as credit limits. Moreover, QE probably will increase inequality. The rise in the price of stocks, bonds and land will increase their owners’ wealth. Obviously, those without property will not benefit. But the ECB’s monetary initiative will also help reignite growth and create jobs, thereby benefiting the poor. It is governments’ task to address the rise in inequality resulting from QE, and they have an instrument for that: taxation. When the United States Federal Reserve embarked on QE, it was accused of exporting its problems, because aggressive monetary easing inevitably weakens the currency. The same charge is now being leveleld against the ECB. But this is misleading. Ultimately, the US recovery helped its trade partners more than it hurt them. In today’s world of global monetary interdependence, the rule of the game is that every currency union should pursue its own price stability. The ECB has not departed from this standard. Another major concern in Germany is that QE could be a backdoor means of creating Eurobonds. But a Eurobond is a pact among issuers offering each other mutual guarantees. The ECB, however, is not an issuer; it is an independent agency, and the decision to buy is its own. Furthermore, 80% of the risk will be borne by national central banks individually. Northern European opposition to Eurobonds reflects moral-hazard concerns that monetary activism will discourage structural reforms. But, in the current context of protracted stagnation, the TINA (there is no alternative) argument for reform is losing strength by the day. Absent a visible payoff, reform fatigue is setting in. The new policy mix should combine macro-level support and micro-level change. The argument that QE will destroy fiscal discipline cannot be rejected out of hand, because both its proponents and its adversaries seem to agree that its days are over. But, though it is true that ECB bond purchases will shelter governments from market pressure, such pressure was already fairly ineffective. It is governments’ job to uphold their end of the bargain and ensure that they do not shirk their responsibilities. This is what the EU’s “fiscal compact” is for. Finally, German critics complain that the ECB’s monetary policy is not geared to German economic conditions. This is both true and unavoidable. The ECB is responsible for the eurozone as a whole. Its monetary policy cannot be perfectly suited to all members’ needs all of the time. For the euro’s first 10 years, the ECB’s policy was too lax for Spain; now it is too lax for Germany. The ECB should not be blamed for doing its job. - Project Syndicate zJean Pisani-Ferry is a professor at the Hertie School of Governance in Berlin, and currently serves as the French government’s commissioner-general for policy planning. Investors are increasingly divided over the direction of crude oil prices To Advertise [email protected] Display Telephone 44466621 Fax 44418811 Classified Telephone 44466609 Fax 44418811 Subscription [email protected] 2014 Gulf Times. All rights reserved Supporters hold up a portrait of Muhammadu Buhari, presidential candidate from the All Progressives Congress party, during an election rally in Gombe. Shifting trends as Nigeria vote nears By Ben Simon and Aderogba Obisesan Lagos L ess than two weeks from national polls, Nigeria’s ruling party is facing unprecedented shifts in the politics of religion that could spell trouble for the incumbent, President Goodluck Jonathan. While he may still be the favourite on February 14, experts said two key factors could remove his Peoples Democratic Party (PDP) from power for the first time since the end of military rule in 1999. First, opposition leader Muhammadu Buhari, a northern Muslim, has gained surprising traction in the mostly Christian south, despite sustained PDP efforts to paint him as an extremist. The PDP could also suffer a historically lopsided defeat in the Muslim-majority north, where the party has previously drawn considerable support, even when a Christian was at the top of the ticket. Buhari, a former army general who led a military government for 20 months from December 1983, is hardly the dream candidate for many in the south, experts said. Some southerners have an entrenched antipathy towards Muslims from the Hausa ethnic group. PDP efforts to brand Buhari as an extremist devoted to Islamic law have also been successful, said John Campbell, a former US ambassador to Nigeria, now with the Council on Foreign Relations. “It is grossly unfair. I know him. He is not an extremist but these things resonate,” he told AFP. “The issue of religion is very present in all our elections and will be in this one” Buhari, from the All Progressives Congress (APC) party, is making his fourth run at the presidency and has been billed as Nigeria’s chief anticorruption campaigner, helping him attract nationwide support. Analyst Jibrin Ibrahim agreed that for the first time in religiously divided Nigeria, governance could be “surpassing religion” as a campaign issue. “The issue of religion is very present in all our elections and will be in this one,” said Ibrahim, from the Centre for Democracy and Development in Abuja. “What I think is new about these elections is that it is really about the failures of Jonathan. “There are voters in the south who don’t particularly like Buhari but they have been extremely disappointed with the last four years and that could shift support to Buhari.” Jonathan has been heavily criticised for his apparent failure to reduce graft in Africa’s most populous country and top economy, where billions of dollars in public money have been stolen, especially in the oil sector. Boko Haram’s brutal uprising has also worsened each year under Jonathan’s watch, with more than 13,000 people killed since 2009. The PDP has won all four presidential elections since 1999 with support from both the north and the south, which it secured through an unwritten power-sharing agreement within the party. Power brokers in both regions “were comfortable using the PDP as a venue through which they would arrive at a rough consensus” because it was understood that each side would get its turn in charge, Campbell said. The 2010 death in office of Jonathan’s predecessor, HausaMuslim Umaru Musa Yar’Adua “put that agreement in disarray”, analyst Idiyat Hassan wrote on the African Arguments blog. Jonathan’s rise from the vicepresidency and his refusal to stand aside for a northerner in 2011 caused initial cracks in the PDP’s national alliance. His insistence on running for a second term in 2015 split the party, with the north emerging as “the great losers” of the once dominant PDP coalition, Campbell said. Several key northern politicians have quit the PDP and joined the APC over the last two years, including Rabiu Kwankwaso, governor of the north’s most populous state, Kano, which has five million registered voters. Jonathan beat Buhari by roughly 10mn votes in 2011, winning roughly 8mn in the north and the religiously divided central states. If Jonathan’s support in the north collapses and Buhari makes inroads in the south, analysts said the president could lose. Buhari is helped by the fact that he is leading a united opposition, unlike in 2011 when rival candidates peeled off more than 3mn votes. Some argue that parties spend too much effort striving for ethnoreligious balance, noting that the most popular presidential ticket since independence in 1960 - the 1993 campaign of the Social Democratic Party - contained two Muslims. Moshood Abiola and running mate Baba Gana Kingibe were easily on track to win the polls before military ruler Ibrahim Babangida nullified the vote. Gulf Times Wednesday, February 4, 2015 33 COMMENT A strategy to fight malicious hackers Hacking is as old as wireless itself By Carlo Ratti and Matthew Claudel Cambridge L ife, Oscar Wilde famously said, imitates Art far more than Art imitates Life. In the case of Sony Pictures’ movie The Interview, the world found itself confronted with a further iteration: life imitating art imitating life. The movie’s release sparked international intrigue, drama and shadowy geopolitical power struggles. It even prompted a grave US presidential address – all for a simple case of hacking. Hacking into information systems is nothing new; it goes hand in hand with the emergence of telecommunications. One of the first attacks struck Guglielmo Marconi’s demonstration of radio transmission in 1903, when he communicated from Cornwall to London, 300 miles away. Nevil Maskelyne, a music-hall magician and would-be wireless tycoon, who had been frustrated by the Italian inventor’s patents, managed to take control of the system and broadcast obscene messages to the Royal Institution’s scandalised audience. Though hacking is as old as wireless itself, much has changed since Marconi’s time. Information networks now blanket our planet, collecting and transferring immense amounts of data in real time. They enable many familiar activities: instantaneous communications, social media, financial transactions and logistics management. Most important, information is no longer sequestered in a virtual realm, but permeates the environment in which we live. The physical, biological, and digital worlds have begun to converge – giving rise to what scientists refer to as “cyberphysical systems”. Automobiles, for example, have evolved from straightforward mechanical systems into veritable computers on wheels. The same thing is happening to other consumer goods: We now have connected washing machines and learning thermostats, not to mention Bluetooth toothbrushes and computerised infant scales. Indeed, cyber-physical systems range from the macro level (think urban transport, like Uber) to the micro (say, the beating of a human heart). Our very bodies, strapped with connected wearables, are today imbued with more computing power than all of Nasa at the time of the Apollo missions. All of this promises to revolutionise many aspects of human life – mobility, energy management, healthcare, and much more – and may point toward a greener and more efficient future. But cyber-physical systems also heighten our vulnerabilities to malicious hacking, an issue that was discussed at the recent World Economic Forum in Davos. Far from being isolated in cyberspace, attacks can now have devastating consequences in the physical world. It is an annoyance when a software virus crashes our computers; but what if the virus crashes our cars? Malicious hackers are difficult to combat with traditional government and industry tools – the Sony Pictures case being a telling example. Hacking can be carried out anywhere and everywhere, potentially involving multiple networks in obscure locations. It defies conventional retaliation and protection strategies. be to promote widespread adoption of hacking itself. Familiarity with hackers’ tools and methods provides a powerful advantage in diagnosing the strength of existing systems, and even in designing tighter security from the bottom up – a practice known as “white hat” hacking. Ethical infiltration enables a security team to render digital networks more resistant to attack by identifying the flaws. This may become routine practice – a kind of cyber fire drill – for governments and businesses, even as academic and industry research focuses in the coming years on the development of further technical safeguards. In general, today’s defences take the form of autonomous, constantly vigilant digital “supervisors” – computers and code that control other computers and code. Similar to traditional military command-and-control protocols, they gain power in numbers and can quickly react to a broad array of attacks. Such a digital ecosystem strengthens checks and balances, reducing the possibility of failure and mitigating the effects of an incursion. In such a future scenario, a Hollywood blockbuster might be about networks of computers fighting each other, while humans stand by. It would portray the broader idea of “singularity”, a hypothetical turning point when the artificial surpasses the human. Fortunately, in this case, life is still far from imitating art. - Project Syndicate As then-US defence secretary Leon Panetta warned in 2012, given its current systems, the United States is vulnerable to a “cyber Pearl Harbour” that could derail trains, poison water supplies, and cripple power grids. So, how can such a scenario be prevented? One option, surprisingly, could zCarlo Ratti directs the Senseable City Laboratory at the Massachusetts Institute of Technology and heads the World Economic Forum’s Global Agenda Council on Future Cities. Matthew Claudel is a research fellow at the Senseable City Laboratory. Weather report Letters Three-day forecast Help school to find new premises Dear Sir, Indians form the largest expatriate community in Qatar. They work in various sectors, covering both the skilled and unskilled ones. Many of them live in Qatar with their families. But it is becoming extremely difficult for them to get admission for their children in the MES Indian school, easily one of their favourite educational institutions in Qatar. The MES school, it is understood, is looking for additional premises to accommodate new pupils. I hope it will succeed in its mission. Th school’s fee structure is affordable and its teaching standards are excellent. I can stand testimony to these since my two children had undergone their studies in this great institution and have become topnotch professionals. But for the MES school, they would not have achieved their present success. I fervently appeal to the Indian embassy, the Indian Community Benevolent Forum (ICBF) and other groups to urgently assist MES to find suitable premises or render any support to it as required. This will help MES to scale new heights which, as an institution, it richly deserves, and enable it to admit new students without any hassles. V Kalyanaraman (e-mail address supplied) Dog-walking etiquette Dear Sir, I was surprised to read the letter, “Stop dog-fouling on pavements” (Gulf Times, February 3). It is very seldom I come across people walking dogs on Doha’s roads. Maybe it is a problem peculiar to the Al Waab area. In the area where I live I hardly see anyone walking his/her dog. But I agree that it is not good that people TODAY High: 25 C Low : 15 C Please send us your letters Misty to Foggy at places by early morning becomes moderate temperature daytime and hazy at places by night By e-mail [email protected] Fax 44350474 Or Post Letters to the Editor Gulf Times P O Box 2888 Doha, Qatar THURSDAY High: 25 C Low : 18 C P Cloudy FRIDAY High: 27 C Low : 17 C Clear Fishermen’s forecast All letters, which are subject to editing, should have the name of the writer, address and phone number. The writer’s name and address may be withheld by request. allow their dogs foul on pavements. Please make it a habit to clean up after your dog. In some Western cities, it is an offence not to pick up your dog’s mess. I guess one can buy disposal bags at a pet store or use shopping/grocery bags to collect the mess. BS (Full name and address supplied) OFFSHORE DOHA Wind: SE-NE’LY 05-15/ KT Waves: 1-3/4 Feet INSHORE DOHA Wind: SE-SW’LY 04-12 KT Waves: 1-2 Feet Around the region Abu Dhabi Baghdad Dubai Kuwait City Manama Muscat Riyadh Live issues Tehran Weather today P Cloudy Clear Clear P Cloudy Clear Clear P Cloudy P Cloudy Max/min 25/14 23/09 27/17 28/11 22/17 25/22 30/16 16/07 Weather tomorrow P Cloudy Clear P Cloudy Clear Clear Clear P Cloudy P Cloudy Max/min 26/16 22/09 29/17 28/11 24/17 25/22 30/15 17/06 Weather tomorrow Clear P Cloudy Clear P Cloudy P Cloudy C Showers Clear Clear Clear Clear C Storms Clear P Cloudy P Cloudy Cloudy P Cloudy C S Showers P Cloudy T Storms P Cloudy C Storms P Cloudy Cloudy Max/min 16/11 17/11 34/23 -1/-3 23/12 25/18 30/24 25/18 21/12 13/09 29/26 29/16 06/00 28/21 -3/-7 21/11 05/-03 06/-1 27/20 06/-4 29/24 24/18 10/00 Why we tell strangers our secrets By Oliver Burkeman London A sk around and you’ll discover a mysterious truth about travelling on planes and trains: almost everyone can recall being stuck next to a stranger who wouldn’t stop boring on about his health, job or marriage, yet almost nobody will admit to being that seatmate themselves. Maybe there really is one guy who spends his life oversharing on public transport, and we’ve all bumped into him. But a more likely explanation, in light of studies by the Harvard sociologist Mario Luis Small, is that we confide in strangers more than we realise. Many scholars have long assumed our “core discussion network” to be those to whom we’re closest. The modern romantic ideal is to “marry your best friend”, someone who is lover, confidant, co-parent and buddy in one. Yet when asked who they’d most recently confided in, almost half the respondents said it wasn’t someone important to them, but a bartender, hairdresser – or maybe you, trapped in the window seat on a six-hour flight. You could take this as terrible news: in a lonely, atomised society, do we simply turn in desperation to whoever will listen? In a minority of cases, Small found, sheer availability was indeed the motive, but at least sometimes, he argues, we seek out non-intimates precisely because they’re non-intimate. For one thing, you’re not going to discuss your extramarital affair with your spouse, and you might not want one sibling gossiping to another about your money troubles. More subtly, we like indulging in “downward social comparison”, cheering ourselves with the thought that we’re doing better than others. And that’s harder to do with intimates, since if you think of your dearest friend as a loser, what does that say about you? There are benefits, too, in the blank canvas of someone you don’t know well. This helps explain the cliche of the therapist who answers every personal question with a question (“Why is it important to you to know that?”). A psychoanalyst, Freud said, “should be opaque to his patients and, like a mirror, should show them nothing but what is shown to him”. Learning that your shrink has three kids and likes playing the harmonica, he thought, would interfere with the psychoanalytic process. But you needn’t buy Freud’s theory to see the upsides of being forced to really hear your own words, and think about them. By contrast, a close friend might jump in with reassurances, or suggestions as to how he or she would respond in your shoes – wellmeaning, but not always helpful. Perhaps our fondness for confiding in non-intimates is more evidence for what’s been called, in possibly sociology’s most famous paper, the“strength of weak ties”. Many of the benefits we get from belonging to social networks, it transpires, come not from our strongest bonds, but weaker ones. (Jobseekers, the original paper argued, find more work vacancies through weaker ties.) And it makes you wonder how many marriages and friendships might be saved by not demanding that they fulfil every possible function of a relationship. Anyway, I’ll stop talking and let you get back to your book. I think we’ll be landing soon.- Guardian News and Media Around the world Athens Beirut Bangkok Berlin Cairo Cape Town Colombo Dhaka Hong Kong Istanbul Jakarta Karachi London Manila Moscow New Delhi New York Paris Sao Paulo Seoul Singapore Sydney Tokyo Weather today Clear Clear P Cloudy S Showers Clear Clear T Storms Clear Clear P Cloudy T Storms Clear S Showers P Cloudy Snow C Storms P Cloudy Cloudy T Storms P Cloudy C Storms P Cloudy Clear Max/min 14/08 19/14 34/23 02/-3 24/11 27/19 32/24 24/16 20/14 11/06 30/26 28/15 06/-1 27/20 -2/-5 21/11 -4/-7 03/00 28/18 06/-3 29/24 24/15 08/00 34 Gulf Times Wednesday, February 4, 2015 QATAR One of the resort’s luxury ferries that has a capacity to transport 45 people at a time. PICTURES: Joey Aguilar 45,000 visit isle resort month after opening By Joey Aguilar Staff Reporter B Elias El Khoury, the resort’s director of Sales and Marketing, expressed optimism on what the resort can offer even during the hot season. The resort’s ‘Over Water Villas’. anana Island Resort Doha by Anantara received more than 45,000 visitors since its official opening on January 1, Elias El Khoury, director of sales and marketing, has said. The official noted that the number included those who came for lunch or dinner in restaurants and cafes in the resort. “(On Monday) we had around 900 people on the island and yesterday we have approximately 800 persons,” El Khoury told reporters at a media tour yesterday. He said they receive between 180 and 200 people on some days who take a short visit to the island and leave in the afternoon or evening. The resort’s main customer base remains Qatari who com- prised about 85% of its target market, according to El Khoury. It is followed by Saudis, Kuwaitis, Emiratis, Bahrainis and Omanis. While it focuses on GCC countries, he said they also expect other markets such as Germany and some European countries, the US and Brazil to grow. The luxury brand’s first resort in Qatar has 141 guest rooms, suites and villas designed in splendid Arabian style with signature Anantara touches. Its three-bedroom ‘Over Water Villas’ offer 360sq m of space and a 62sq m personal pool – ideal for families and groups of friends. The resort also features various water sport fun ranging from kayaking, pedalos and stand up paddle boarding, wakeboarding, banana boat, triple tube and donut rides, water and jet skiing, and fishing trips. El Khoury stressed that all The Doha skyline can be viewed from a restaurant on the resort. its beach area and pools are for clients’ stay only. Those who booked for lunch and dinner, as well as for the wellness and recreation centres, will not be given access to these two amenities. “We are trying to make a lot of privacy for our clients,” he said. “We are making some limita- tions especially during weekends when we have very high ‘stay in’ occupancy.” “We are doing this to serve all our clients better.” Restaurant bookings cost QR200 per person which includes a two-way ferry ride from the Al Shyoukh Terminal. Children below three-years old are exempt from the entrance fee. QR50 goes to administration fees, mainly for the transportation, while the remaining QR150 will be credited for the client’s food consumption in a restaurant. “Whatever you consume (over QR150) you will have to pay for it,” said El Khoury. He noted that their ferries operate 24 hours a day to serve their local and international clients. The resort currently employs 468 employees but the number will increase to 655 by the end of this month or in the middle of March. Some stay at the resort while others come from their accommodation in Doha. Asked about their expectations in the coming hot season, El Khoury has expressed optimism on the potential of the resort. “Let us see how the market will react,” he said. Gulf Times Wednesday, February 4, 2015 35 QATAR GU-Q’s anniversary celebrations kick off with two-day conference By Joseph Varghese Staff Reporter G eorgetown University in Qatar (GU-Q) has started its 10th year anniversary celebrations with a two-day conference titled, “Scapes of Power: A Critical Appraisal” yesterday. The university will hold a gala event today evening to mark the occasion. Dr Gerd Nonneman, dean GU-Q said that the university has been a great facilitator of education and research in the country for the past 10 years. He said: “It has been able to contribute to education and research in Qatar in a big way and the concept of school of foreign services has been well established, with our alumni serving various sectors in Qatar and outside. Our multicultural community of alumni, students and faculty have helped to create some of the most meaningful research and relevant knowledge about international affairs and the Middle East, right here in Doha” The GU- Q dean added: “We opened the Qatar campus of Georgetown a decade ago with two dozen students and a few faculty members. Today, Georgetown in Qatar is a research powerhouse, constantly adding to the global body of knowledge about matters local, regional and international, and helping to lay the foundations for a sustainable research ecosystem that will be a lasting legacy for both Georgetown and Qatar.” The conference started with a presentation by Dr Laura Doyle, a professor at the University of Massachusetts-Amherst, on “Inter-imperial Powerscapes” in which she discussed and gave an appraisal of historical and contemporary examples of power Qatar Airways to offer Oscar nominee films on board this month Q Dr Gerd Nonneman PICTURE: Shameer Rasheed expressed through cultural, social, economic and political institutions.She explained the idea of three dimensional cultural and historical movements which are lateral, among the empires, vectoral–amid the empires and temporal- across the empires. Dr Sherman Jackson, a professor at the University of Southern California, will deliver a keynote address today on “Islam and Power: Between Shari’ah and the Islamic Secular.” The conference includes the panels: Empire; Then and Now, Within and Beyond the NationState, Empowering the Disempowered, Forging Knowledge and Culture, and Muslims in Global Perspective. A range of topics will present new ways of understanding how power has been used to control society from above, but also how it can be harnessed to enable change. Dr Laura Doyle A section of the audience at the event. atar Airways has announced an exciting schedule of five-star inflight entertainment for its passengers, on board its flights this month, to celebrate The Oscars, which takes place in Los Angeles on February 22. This year’s Oscar nominees, Gone Girl, Whiplash and Nightcrawler will all make their debut on board the airline’s flights’ Oryx inflight entertainment system, which is updated every month to give passengers a wide range of the latest movies, music and TV programmes to enjoy during their journey. Big Hero 6 and The Boxtrolls, both nominated for Best Animated Feature at this year’s Oscars, will also be available to keep younger passengers entertained. A hand-picked collection of previous Oscar greats has also been carefully chosen to provide passengers with the ultimate selection of all-time movie classics for their enjoyment. From all time favourites such as One Flew Over the Cuckoo’s Nest, Rocky and Annie Hall to The Departed, The Artist and The King’s Speech, there is something for everyone to settle back and enjoy while they experience Qatar Airways’ five-star service on board. February’s line-up of world entertainment also includes the Bollywood hit Mary Kom starring Priyanka Chopra. Qatar Airways will be the first and only Middle East airline to exclusively feature this biopic, which tells the story of the fivetime world champion and Asian gold medallist Indian woman boxer. In recognition of National Sport Day, which takes place in Qatar on February 10, Qatar Airways has also chosen two shows that have a focus on the country’s sports to feature this month. The Porsche GT3 Cup Challenge that took place in the GCC, with an emphasis on the three race rounds in Doha and a focus on the Qatari rally champion Nasser al-Attiyah, is among them. The second is a series of episodes from Kossat Tahadi that also centre around Nasser al-Attiyah. Oscar fare on Qatar Airways. LENDING PUSH | Page 5 TOUGH PHASE | Page 14 RBI holds rates steady, boosts bank liquidity BP cuts spend as sliding oil hurts profits Wednesday, February 4, 2015 Rabia II 15, 1436 AH GULF TIMES PAYMENTS INNOVATION: Page 16 Doha Bank introduces debit card acceptance for mobile commerce BUSINESS Commercial Bank in joint QR1bn finance deal for key Ashghal project C ommercial Bank has successfully concluded a financing arrangement for QR1bn in extended financing facilities to Joannou & Parakskevaides (Overseas) for the award of the construction project of the West Corridor, for Public Works Authority (Ashghal). The contract was awarded to the joint venture - Joannou & Parakskevaides (Overseas) (75%) and J&P Avax (25%), valued at $458mn (QR1.7bn) with an estimated date of completion in 2016. The awarded project is part of the EastWest Corridor Expressway, which is connecting the Industrial Area to the Hamad International Airport. This project comprises a 10.5km long section starting from west of the future Inner Orbital and extends to the west of the proposed Barwa City Access. The main road consists of 10-lanes section (five lanes in each direction) and four major interchanges. Commercial Bank led the club deal along with one of the major regional banks for facilitating finance in excess of QR1bn. The financing facility was shared equally between the two joint lead mandate arrangers with Commercial Bank retaining the security and facility agent. Commercial Bank CEO Abdulla Saleh al-Raisi said: “Commercial Bank is proud to finance large-scale infrastructure projects in Qatar such as the West Expressway. These projects are essential for accelerating growth of the private sector ahead of the 2022 World Cup and addressing Qatar’s long-term infrastructure needs resulting from a rapidly rising population. “As one of the leading Qatari banks in wholesale banking, Commercial Bank is playing a key role in the realisation of the National Vision 2030 by supporting Qatari and international construction companies with project finance”. Aamal posts 17% jump in 2014 profit to QR600.2mn Aamal Company has reported a 17% jump in net profit to QR600.2mn in 2014, mainly contributed by its industrial manufacturing, property and trading and distribution businesses. Given the outstanding performance of the company, the board has recommended a 10% cash dividend and 5% bonus shares, which will have to be approved by the general assembly scheduled to be held on March 16, 2015. Net underlying profit margins stood at 15.4% in 2014 compared to 11.7% in the previous year. Its industrial manufacturing division saw more than doubling of profit to QR51.7mn; trading and distribution earnings grew 33% to QR114.9mn and fair value gain on investment properties by 3% to QR251.7mn. “Today’s results extend Aamal’s proud and long-established track record of profit growth and value creation underpinned by a clear focus on efficient capital allocations and returns,” Aamal chairman Sheikh Faisal bin Qassim alThani said. This very strong set of results bears witness to the company’s ability to seize the opportunities that are presenting themselves across the economic spectrum in Qatar, continuing its long-established track record of financial and operating performance that is clearly focused on both returns and cost control, aligned with a prudent approach to risk, according to him. The improvement in net profit of the industrial manufacturing was on account of acceleration in the infrastructure upgrade drive in Qatar, translating into an increase in demand for various products offered by this division. The major contributors to the growth in trading and distribution’s profitability have been due to Aamal Medical and to a lesser degree, Ebn Sina Medical, due to increased demand from both the private and public medical sectors, underpinned by the significant rise in government spending to develop the medical sector in Qatar. The property division was positively impacted by the completion of renovations to three buildings owned by Aamal Real Estate, comprising 30 apartments, which have now all subsequently been rented out; and the annual rental increases for properties owned by the company. The major factor behind the growth in managed services’ earnings is a greater focus on cost control, along with the curtailment of several low margin contracts that is also behind the 25.6% drop in revenues. Total revenue of the parent company grew less than 1% to QR2.14bn with trading and distribution business witnessing a 24% expansion to QR728.8mn and property by 10% to QR288.8mn; even as that of industrial manufacturing fell 10% to QR1.13bn and managed services by 26% to QR64.2mn. “In addition to growth by organic means, we are open to growth by establishing joint ventures too, as we always have been, but only if they meet our strict investment criteria such that value will be created for all our stakeholders,” according to Tarek M El Sayed, managing director of Aamal. Joannou & Paraskevaides (Overseas) was established in 1961 in Guernsey, Channel Islands and has progressed to become one of the region’s leading construction enterprise with activities in Europe, the Middle East, Asia and Africa. The company’s activities cover the entire spectrum of construction business, including, roads and infrastructure, airports and buildings, and project support services for the energy and industrial sector. In addition, the Company also provides contracting services for electrical and mechanical projects and advisory services for project finance transactions. Commercial Bank headquarters at West Bay. Commercial Bank led the club deal along with one of the major regional banks for facilitating finance in excess of QR1bn. Gulf Times Wednesday, February 4, 2015 2 BUSINESS Qatar Cinema 2014 profit rises 8% to QR12.33mn Qatar, US chambers seek closer ties Qatar Chamber chairman Sheikh Khalifa bin Jassim bin Mohamed al-Thani received yesterday a delegation from the Council of American Chambers of Commerce. Theresa Backus, executive director at American Chamber of Commerce-Qatar; QC vice-chairman Mohamed Ahmed bin Tuwar and Remy Rowhani, QC director-general, were also present. The meeting dealt with bilateral trade and economic relationships between the US and Qatar and the ways to enhance co-operation between Qatari and American business communities. Sheikh Khalifa pointed out that it is very important to exchange trade delegations between the two countries to establish effective partnership that would accordingly benefit the two countries. Eventually, both parties agreed that a memorandum of understanding and co-operation should be signed between them soon. Gulf oil export losses to hit $300bn in 2015, says IMF By Santhosh V Perumal Business Reporter O il export losses in 2015 are expected to reach $300bn or 21 percentage points of gross domestic product (GDP) in the Gulf, leading to a fiscal deficit, while the proposed hike in the US rates is likely to tighten financial conditions in the GCC (Gulf Cooperation Council), according to the International Monetary Fund (IMF). As a result, current account surpluses are projected to decline this year to 1.6% of GDP (gross domestic product) in the GCC, said the IMF article ‘Learning to Live with Cheaper Oil amid Weaker Demand’. Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the GCC. Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity, the IMF said. Most oil exporters need oil prices to be considerably above the $57 projected for 2015 to cover government spending, which has increased in recent years in response to rising social pressures and infrastructure development goals, it said, adding as a result, the oil price decline is expected to significantly erode fiscal positions across the region. The GCC’s fiscal surplus (4.6% of GDP in 2014) is now projected to turn into a deficit of 6.3% of GDP in 2015. Qatar, the UAE, Saudi Arabia, Bahrain and Oman are expected to witness fiscal deficit of 1.5%, 3.7% 10.1%, 12.1% and 16.4% of GDP respectively this year, the IMF said. The report said global interest rate and exchange rate developments, which are largely driven by the expected normalisation of the US monetary policy, also have a bearing on the regional outlook, albeit to a lesser ex- tent than declines in commodity prices and external demand. “The expected increase in the US interest rates is likely to tighten financial conditions, particularly in the GCC because of their exchange rate pegs, and to dampen the growth of private credit,” it said, adding these interest rate spillovers are likely to occur with a delay because of slow pass-through. So far, long-term yields in the MENAP (Middle East North Africa, Afghanistan and Pakistan) oil importers and the GCC have not been affected much by concerns about tightening US monetary policy, it found. Stressing that the impact of lower oil prices on oil exporters’ banking systems is likely to be muted in the near term, but downside risks are likely to increase over time; the report said GCC banking systems will be affected by the decline in oil prices, given the strong correlation between non-oil growth and government spending, but they should remain resilient owing to their high capital buffers, low nonperforming loans and generally high liquidity. Storage containers, operated by Vopak Horizon Fujairah Ltd, are seen at Fujairah port in Fujairah, UAE (file). The GCC’s fiscal surplus (4.6% of GDP in 2014) is now projected to turn into a deficit of 6.3% of GDP in 2015. Higher rental earnings and capital gains helped Qatar Cinema and Film Distribution Company report an 8% gain in net profit to QR12.33mn in 2014. The company, which otherwise reported slippages in operating income, however declared a total 20% dividend (10% cash and 10% bonus issue), which will have to be approved by shareholders at the annual general assembly. The company’s gross loss widened 32% to QR1.57mn with costs remaining higher than income. Operating income fell 14% to QR12.94mn and direct costs, which also shrank 11%, stood higher at QR14.51mn. General and administrative expenditure rose 16% to QR5.91mn, according to its financial statement filed with the Qatar Stock Exchange. Dividend income surged 8% to QR2.58mn, gain on sale of investments by 29% to QR5.21mn, rental income by 3% to QR16.84mn and net other income by less than 1% to QR1.08mn. Finance costs were brought down by 32% to QR0.93mn. Total assets were valued at QR178.08mn comprising current assets of QR26.57mn and non-current assets of QR151.51mn. Total shareholders’ equity stood at QR143.82mn on a capital base of QR57.1mn and earnings-pershare was QR2.16 at the end of December 31, 2014. Abu Dhabi’s surging home rents to grow at ‘slower pace’ in 2015 Abu Dhabi residential rents, which surged after the government removed a cap on rate increases in 2013, will climb at a “slower pace” this year, global commercial real estate firm CBRE Group Inc said, according to Bloomberg. Home rents in the UAE’s capital rose 3% in the fourth quarter compared to the previous three months, and were 17% higher than the same period in 2013, CBRE said in an e-mailed report yesterday. The UAE, holder of about 6% of the world’s oil supply, built thousands of homes, offices and hotels as it aimed to transform itself into a tourist destination. In November 2013, Abu Dhabi removed a cap that barred landlords from increasing rents by more than 5%. A surge in rents followed as landlords raised prices and tenants were forced to move. “Despite rising housing stock, the Abu Dhabi residential market continues to outperform most other property assets,” said Matthew Green, head of UAE research and consultancy at CBRE. Iran sweetens crude deals to counter sanctions, price plunge Reuters Ankara/London I ran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery. Tehran is engaged in talks with world powers about its disputed nuclear programme as it tries to strike a final deal to lift the sanctions that have halved its oil exports to just over 1mn bpd since 2012 and hammered its economy. To prepare for any agreement, it has already circulated new draft oil contracts to foreign firms to attract business once the restrictions end, Iranian oil officials and Western diplomatic sources said. Such deals would involve helping Iran revive ageing fields and develop new ones, they added. But there is no certainty about the outcome of the nuclear negotiations. The contracts offer far more favourable terms than those offered pre-sanctions as many companies would be hesitant to sign even a preliminary deal which US and European governments could regard as jumping the gun. Companies may also require greater persuasion to invest in Iranian fields due to low crude prices, which have more than halved since June, and the turbulent relationship Iran has had with foreign firms in the past, especially after the 1979 revolution. “The new contract is more competitive than other oil producers. It provides higher potential profits and lower investment risks,” said a senior Iranian oil ministry official who declined to be named due to the sensitivity of the matter. The contract offered a favourable rate of return and joint venture options with local Iranian firms, he added. The new contracts will offer longterm durations of up to 25 years, oil officials say. A spokesman for Iran’s oil ministry declined to comment on the nature of the contracts. Previously, foreign investors have only been involved in exploration and development of oil fields. They operated under buy-back contracts, whereby they were paid a fixed rate of return and did not own the assets and were contractors without rights to the fields. Analysts and industry sources said companies had failed to cover their costs under this mechanism, which offered no long-term guarantees of income. The situation has changed, however. President Hassan Rouhani, who won power in 2013 with pledges to improve the economy, is seeking to end a malaise that has seen prices of food, water and electricity rise beyond the reach of many Iranians as high unemployment and low wages take their toll. The new oil contracts will allow investors to be involved in production, A general view of the South Pars gas field in the city of Kangan near the southern Iranian port of Assalouyeh. The new contracts will offer long-term durations of up to 25 years, Iran oil officials say. giving them far greater control and certainty over long-term revenue in a country where foreign ownership of oil resources is banned. “The Iranian petroleum contracts are more relaxed to encourage major investors ... For example in previous contracts, the commerciality was decided by an Iranian committee but under the new contracts it has been changed in a way to accommodate the foreign party,” the oil ministry official said. Another oil ministry official said: “The major incentive for an international oil company (IOC) is the possibility to book the reserves, something that was not possible in the past ... One of the terms (on offer) is the long-term joint venture between the IOC and the Iranian operator.” “The investors will have no rights over the reserves but ... after exploration is completed, they can report output they receive as payment,” the official added. Iran’s Oil Minister Bijan Zanganeh has met with Western oil executives at recent Opec meetings in Vienna, including Italy’s Eni, Royal Dutch Shell and Austrian oil and gas group OMV. Iranian sources declined to identify which companies had seen the draft oil contracts. There has been oil industry speculation that Shell and ConocoPhillips could be among parties to have been courted. Shell declined to comment. ConocoPhillips said it acted in full compliance with US law and was “not engaged in business dealings with Iran”. One Western diplomatic source said the interest in oil dialogue with foreign companies was “one-sided and mostly coming from Iran’s side”. “Iran is looking a lot less interesting and desirable from the perspective of Western oil companies. There’s too much oil on the market so the last thing they want is for Iran to come back online,” the source said. Another Western diplomatic source said: “There are still great doubts on profitability at the moment given the lack of direct access to fields in Iran. It is unlikely that any oil company - in the current uncertain environment - would sign even an open contract. It is very much wait and see.” The new contracts, which include those in the upstream - exploration and development - sectors are expected to attract more than $40bn in foreign investment, Iranian media have recently quoted officials as saying. Iran has postponed a planned oil conference in London, which was due to have taken place in February to reveal its new contracts, until November. An Iranian official said “the US urged Tehran to hold off” until a final nuclear deal was penned. Washington has reiterated it continues to enforce sanctions. Iran and six world powers are trying to meet a self-imposed deadline of the end of June to resolve the nuclear standoff over Iran’s nuclear work, which the West fears is aimed at developing a weapons capability - a charge Iran denies, saying it is for peaceful, civilian purposes. When contacted, a British Foreign Office spokesman said the government did not support the London oil conference. “It would be premature in the absence of a comprehensive nuclear deal,” the spokesman said, adding that encouraging trade with Iran “would send the wrong signal”. “The UK government does not encourage trade with Iran. Until we have a nuclear agreement that fully restores international confidence in the nature of Iran’s nuclear activity it will be necessary to maintain consistent pressure on Iran through sanctions,” he said. Analysts say Iran is still not open for business. Mehdi Varzi, a former official at the state-run National Iranian Oil Co, said discussions with foreign oil companies had been “on and off for some time”, adding that Iran had to offer more attractive incentives to get the ball rolling. “With the current situation, even if sanctions are lifted, I cannot see many companies going to Iran,” said Varzi, who now runs an energy consultancy in Britain, adding that Iran’s energy sector would be in deep trouble if market conditions deteriorated further. “If things get worse, the survival of the Iranian oil and gas industry is at stake.” Gulf Times Wednesday, February 4, 2015 3 BUSINESS Dubai Airport set for record spend spree Bloomberg Dubai D ubai, fresh from capturing the title of busiest international airport from London Heathrow, has set its sights on becoming the world’s top hub by retail sales this year as a flood of Chinese passengers add to a shopping spree. Spending at Dubai International Airport should reach $2.1bn in 2015, up from $1.9bn last year, when 80 days of runway repairs cut receipts by about $50mn, said Colm McLoughlin, vice chairman of Dubai Duty Free, which runs 26,000sq m (280,000sq ft) of retail space at the hub. Dubai is vying for the top spot with South Korea’s Incheon International Airport, which serves the Seoul conurbation. The Asian base had sales of 2.09tn won last year, equivalent to $1.91bn at current exchange rates. The two hubs have been trading positions in recent years, with Dubai ranked first in 2013, according to duty free analyst Generation Research. “There are more and more Chinese travelling all the time,” McLoughlin said an interview. “Although one sector might drop, it’s replaced by something else. We expect to be No 1 again.” Chinese passengers who make up about 5% of Dubai’s total throughput contributed 13% of its duty free revenue in 2014, countering a decline in Russian spending after the weakening of the rouble, McLoughlin said. Dubai International’s overall sales last year were led by 3.2mn bottles of perfume that generated revenue equal to $314mn or 17% of the total, followed by 17mn units of beer, wine and liquor on $286mn, 3.4 metric tons of gold items worth almost $164mn, and $160mn of tobacco products including 4.2mn cartons of cigarettes. Electronics purchases included over 133,000 cameras, about 20,000 Apple Inc iPads and more than 140,000 mobile phones. Dubai International’s customer count increased 6.1% last year to 70.5mn, making it the top hub worldwide for cross-border passengers, a title held by Heathrow for decades. Owner Dubai Airports predicts the facility will overtake the total tally at its London rival, 73.4mn in 2014, this year to become No 1 in the Europe, Africa and Middle East region. In terms of retail revenue, six of the world’s top 10 airports were located in Asia in 2013, the most recent year for which Generation Research has published rankings, with Singapore Changi in third spot after Dubai International and Incheon. Three others were in Europe, led by Heathrow at No 4. The passenger count - and with it retail receipts - is surging as local carrier Emirates builds Dubai into a transit hub for travel between Europe, the eastern US, Asia, Africa and the Middle East with a mammoth collection of wide-body jets that includes the largest fleet of Airbus Group NV A380s. To help boost its appeal to Chinese shoppers, Dubai Duty Free has hired 448 Mandarin speaks and installed signs in the language, and accepts Yuan and China Union paycards. Business from African travellers is also increasing as the number of flights to the continent also gains, with smartphones being the most popular products, McLoughlin said. Emirates plans to add at least 10 new routes there by 2025. Passengers from India and Pakistan are also “very important” and the retailer is monitoring relevant regulations all the time, McLoughlin said, with the Indian government’s changes to duty on gold depressing Dubai Duty Free’s sales of the metal by one-sixth last year. This year, Dubai Duty Free is targeting sales of $48 per head, up from $47 in 2014, and aims to lift the proportion of departing passengers who buy to 50% from 49%. The opening of Dubai International’s Concourse D, slated for May according to McLoughlin, is set to expand passenger capacity to 90mn and will feature 7,000 square metres of retail space, lifting the total to 33,000 square metres. Pakistan eyes Qatar LNG as terminal nears startup date Bloomberg London P akistan will focus on importing Qatari liquefied natural gas for its first terminal, which will be commissioned in the first week of March. The government is finalising a contract with Qatar, the world’s biggest producer of the superchilled fuel, for 1mn to 2mn metric tonnes a year, Sheikh Imran ul Haque, chief executive officer of operator Elengy Terminal Pakistan Ltd, said on Monday. It cancelled expressions of interest from suppliers including BP and Gunvor Group Ltd for short-term deals that would have complemented the Qatari volumes, he said by telephone from Karachi, the nation’s biggest city. “They decided to concentrate on Qatari volumes initially, and then decide how to proceed,” Haque said. Pakistan is struggling to meet gas demand that is outpacing domestic production and has to turn to LNG imports and international gas pipelines, the International Energy Agency said in its medium-term natural gas outlook in June. The nation’s floating terminal will have a capacity of 3mn tonnes a year, Haque said. The country plans to get longterm supply of 1mn to 1.5mn tonnes of LNG, Zahid Muzaffar, an adviser to Pakistan’s petroleum ministry, said Pakistan is struggling to meet gas demand that is outpacing domestic production and has to turn to LNG imports and international gas pipelines, the International Energy Agency said in its medium term natural gas outlook in June. by phone from Islamabad. He declined to comment on a specific deal. “It is all subject to what price we get,” Muzaffar said. “If we get a good price, we can increase the quantity.” A floating storage and regasification unit will arrive in the first week of March, along with a commissioning cargo, which is likely to be supplied by Qatar, Haque said. Construction work at the terminal has been completed, he said. Qatar Liquefied Gas Co and Ras Laffan Liquefied Natural Gas Co, the nation’s state-owned LNG producers, declined to comment on supplies to Pakistan when contacted by Bloomberg by e-mail and phone. BP, Shell, Gunvor were among companies putting expressions of interest to the Pakistani government for short-term contracts to supply the terminal, Haque said in November. Excelerate Energy, the largest operator of floating storage and regasification units, will provide the vessel, Haque said in a presentation at the CWC LNG conference in Paris in November. Industries Qatar Q1 shutdowns to fall from year ago I ndustries Qatar , the Gulf’s second-largest petrochemicals firm, plans several shutdowns of its plants in the first quarter of this year, it said yesterday. The company will close its Qatar plants for a total of 158 days in the first three months of the year, compared to 292 days of closures in the same period of 2014. The shutdown schedule is as follows, with comparisons from the first quarter of 2014 in parentheses: Ethylene: 2 days (72 days) Low Density Polyethylene: 41 days (87 days) Linear Low Density Polyethyelen: 42 days (13 days) Methanol: 0 days (18 days) Methyl tertiary-butyl ether: 0 days (9 days) Ammonia: 26 days (46 days) Urea: 24 days (36 days) Steel (DR, EF/CC, RM): 23 days (11 days) IQ said actual downtime may vary from the schedule published yesterday. Also in the first quarter, Mesaieed Petrochemical Holding Co said it would shut its newest facilities for scheduled maintenance, the Ras Laffan Olefins Co (RLOC) and QChem II. The ethylene unit will stop production for 40 days; high density polyethylene for 40 days; normal alpha olefins for 40 days; pygas, propane, butane and others for 40 days; caustic soda for 18 days; ethylene dichloride for 18 days; and vinyl chloride monomer for 45 days. South Hook plans for new UK power plant on hold Plans to build a combined heat and power (CHP) plant at the UK’s South Hook liquefied natural gas import terminal in Wales have been put on hold due to “current market conditions”, South Hook CHP Limited has said. The original plan to build a 500 megawatt (MW) plant was announced in 2012 by project partners Qatar’s QPI Global Ventures Limited, ExxonMobil Power Limited and Total’s subsidiary Elf Petroleum UK Limited. Airline passengers move through the stores inside terminal 3 at concourse A, the new A380 terminal at Dubai International Airport. Spending at Dubai International Airport should reach $2.1bn in 2015, up from $1.9bn last year, said Colm McLoughlin, vice chairman of Dubai Duty Free, which runs 26,000sq m (280,000sq ft) of retail space at the hub. 4 Gulf Times Wednesday, February 4, 2015 BUSINESS Myanmar-China oil pipeline opens, reduces shipping time By Arno Maierbrugger Gulf Times Correspondent Bangkok Myanmar finally opened a new crude oil pipeline last weekend linking its western coast with China’s southern province of Yunnan, cutting shipping time for Middle Eastern and African oil to China by more than a third. It is designed to transmit a capacity of 22mn tonnes of oil per year over 771 kilometres to China. The pipeline – which runs parallel to a natural gas pipeline that commenced operations in October 2013 and since transported around four billion cubic meters of gas, including from Qatar – will cut short the usual tanker route from the Arabian Gulf to China across the Indian Ocean through the busy Strait of Malacca and across the disputed waters of the South China Sea. Instead, oil tankers – after they have sailed around the southern tips of India and Sri Lanka – will just cross the Gulf of Bengal and discharge their freight at a brand-new deepsea port with 12 huge storage tanks off the coast of Kyaukpyu district in Myanmar’s Rakhine state, the starting point of the pipeline. Gulf banks top players in aviation boom in region Total construction costs for the two pipelines and the port facility were $2.45bn, fully financed by China, and the works were carried out by a joint venture between China National Petroleum Corp and state-owned Myanmar Oil and Gas Enterprise. In addition, there is a refinery and a petrochemical complex under construction on the Chinese side in Yunnan’s capital Kunming by oil giant PetroChina where the oil is going to be utilised. The huge investment shows the Chinese government’s dedication to create energy security for the country by diversifying its sources of crude supply and receiving fossil fuels from countries to its west much more directly and efficiently, especially since demand for crude oil in China is heading towards new heights due to both growing domestic demand and the current opportunity to stockpile crude cheaply as long as the oil price remains at multi-year lows. China imported 308.36mn tonnes of crude oil in 2014, a 9.5% year-onyear increase and a new record high. According to forecasts by China National Petroleum Corp (CNPC), the nation’s biggest oil and gas company, net crude imports will climb another 5.4% to 325mn tonnes in 2015 and the share of imports needed to meet domestic demand will surpass 60% this year for the first time ever. For Myanmar, the pipeline project is expected to create a veritable source of income, and the government is anticipated to make $54bn from fees and royalties over a period of 30 years. However, the project has come under fire from activists in the past on the grounds of environmental concerns, labour issues, alleged forced village relocations and claims over inadequate compensation for lost land. Farmers were alleging a “substandard quality” in which the pipelines have been built and said that they would be leaking and contaminating their land. The pipeline also crosses through two unstable regions in Myanmar, Muslimdominated Rakhine State and the eastern Shan State partly controlled by several ethnic armies. It helped a bit that China’s CNPC put about $25mn into local education and development projects to ease tensions in the region. On the Chinese side, street protests against the construction of the pipeline-related petrochemical complex in Kunming were held, but to no avail. Turkish central bank plans policy meet in three weeks Reuters Dubai Reuters Istanbul C T ash-rich Gulf banks are becoming bigger players in the region’s aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Figures from European planemaker Airbus show that 47% of its aircraft deals in the Middle East in the first 11 months of last year were funded by local banks, up from 17% for 2013 as a whole. Flush with huge cash deposits estimated by Reuters at $1.15tn, Gulf banks have the firepower to be increasingly competitive in aviation lending markets. It gives the region’s carriers access to cheap capital while posing a threat to the dominance of global banks and aircraft lessors which have thrived on the accelerated growth of the Gulf aviation industry. Long-standing critics of the Gulf’s state-owned carriers, including some North American and European legacy airlines, may feel such financing from local lenders – many of whom are also partly or fully state-owned – offers an unfair advantage. But Gulf lenders and airlines alike say deals are done only on a commercial basis. Opportunities for further funding are huge; Emirates has about $107.5bn worth of aircraft on order from Boeing and Airbus over the coming few years. The order books for Qatar and Etihad are about $57.7bn and $28.59bn respectively at list price. “Liquidity was good (in 2014), the local and regional banks participated very strongly, certainly as far as airlines from region were concerned,” Ricky Thirion, group treasurer of Etihad, said at a conference in Dublin. “But they also spread their wings and started offering transactions outside our region, which is good to see,” National Bank of Abu Dhabi (NBAD), for example, says it is exploring aviation deals with Asia Pacific rim airlines across multiple financing structures. “We see indeed that banks in the Middle East are playing an increasingly important role in aircraft financing, in line with the region’s growing influence in air traffic worldwide,” said Yann Ballet, head of project and structured finance at Airbus. Airlines traditionally relied more on leasing firms, export credit agencies, international banks and capital markets or just cash for their financing needs. But as their order books have swollen, carriers have widened their sources of financing in order to secure competitive rates and diversify risks. Dubai’s flag carrier Emirates has been tapping US capital markets through equipment trust certificates and received a guarantee from the French export credit agency for its floating-rate capital market bond. However, it recently began drawing more funding from local banks. urkey’s central bank said yesterday it would next meet on monetary policy in three weeks, drawing thinly-veiled criticism from the entourage of President Tayyip Erdogan, who had pressed for a growth-boosting interest rate cut before then. Amid a recent flurry of interest rate cuts in major emerging economies, central bank governor Erdem Basci said last week the bank might hold an interim policy meeting this week if annual inflation fell more than 1 percentage point in January. But yesterday’s reading came in just shy of that at 7.24%, down from 8.17% in December. The central bank, which cut its main interest rate by 50 basis points last month in response to a slowing economy and eas- Basci: Drawing thinly-veiled criticism. ing inflation, said following the data that indicators still pointed to inflation trending lower and it would next assess the policy outlook at its scheduled meeting on February 24. Economy Minister Nihat Zeybekci said the bank should have held an interim meeting to cut rates, and urged future reductions. In another apparently critical reaction, Erdogan aide Yigit Bulut wrote on Twitter that interest rate decisions should not be solely based on domestic price dynamics. Erdogan, a long-time advocate of loose monetary policy, has repeatedly criticised the central bank for not cutting rates more sharply and quickly, and is looking to boost economic growth ahead of national elections in June. Falling growth rates along with sinking oil prices have prompted rate cuts in several other emerging economies, notably Russia, which unexpectedly cut borrowing costs last week, and India, which eased in mid-January. Nicholas Spiro, managing director of Spiro Sovereign Strategy, said Turkey’s central bank was likely to remain under significant political pressure to lower rates, but justifying easing was very difficult with inflation still way above a 5% target. “We have been taking the view for some time that Basci’s job is becoming untenable. Even taking into account that he is an Erdogan loyalist, many central bank governors would have resigned for less by now,” he said. Turkey’s lira, which dropped to a record low of 2.4483 against the dollar last Friday on expectations of a rate cut, firmed to 2.4070 by 1159 GMT compared with 2.4330 before the inflation figures. NBAD starts market-making on ADX Reuters Abu Dhabi N ational Bank of Abu Dhabi (NBAD) officially began marketmaking – quoting buying and selling prices – on the Abu Dhabi stock exchange (ADX) yesterday, aiming to boost trading volumes. The bank, the largest lender by assets in the United Arab Emirates (UAE), also plans to start market-making on the Dubai Financial Market and Nasdaq Dubai exchanges during the first half of 2015, according to the head of the practice at NBAD. A spokesman for the Dubai bourses couldn’t immediately be reached for comment. Tuesday’s move, which follows a three-week testing period, comes at a time when stock markets in the UAE and the Gulf generally are grappling with volatile trading patterns as a drop in oil prices weighs on the confidence of a trader base dominated by private individuals. NBAD originally secured the market maker’s licence from the regulator in April 2014, a first for the Gulf region, but hadn’t started operations officially until Tuesday, ADX head Rashed al-Baloushi said. “It is a new business, it will lead to a radical change in the market. We expect to see more liquidity, more trading,” Baloushi told reporters at a media event. The exchange plans to appoint other banks and brokerages as market makers, he added without elaborating. A market maker is a bank or brokerage that stands ready at any time of the trad- ing day with a firm ‘ask’ and ‘bid’ price, important at a time when there is limited or volatile trading. NBAD Market Maker, as the unit is called, has a capital of 30mn dirhams ($8.1mn). “As market maker, we have to also ensure there’s less volatility in the market. We can’t pull away from the market if it goes up or down, we have to remain committed,” said Galen Moore, executive director of Middle East and North Africa Equities Market Making at NBAD. During the three-week test phase, the market maker contributed an average of between 10 and 15% of total volumes on the ADX, Moore said. Currently, a dozen stocks out of 96 companies make up about 80% of the volumes on the ADX—which traded on average 210.6mn shares daily over the past two years, according to Thomson Reuters data. The idea of the market maker is to expand that and broaden the market, Moore said, adding it expected to move towards 30 shares contributing 80% of trading over time. Strong oil, Q4 earnings boost Gulf markets Reuters Dubai R An investor follows the stock market activity at the Dubai Financial Market. Dubai’s index jumped 2.5% in a broad rally yesterday. allying oil prices and positive corporate news boosted Gulf equity markets yesterday, although consumer stocks in Saudi Arabia pulled back after gaining strongly earlier in the week. Brent crude traded above $56, having gained more than 15% since Thursday after data showed the number of US drilling rigs had fallen sharply. The main Saudi stock index edged up 0.2% as leading petrochemical producer Saudi Basic Industries climbed 1.1% and its affiliate Saudi Kayan Petrochemical Co jumped 2.4%. “The profitability of the MENA petrochemical producers which benefit from advantageous feedstock pricing will continue to be highly correlated to oil prices,” NBK Capital wrote in a report. The brokerage said Kayan was most sensitive to a potential increase in oil prices: an average price of $75 per barrel would lift its earnings per share by a quarter compared with a $65-per-barrel scenario. Meanwhile, consumer stocks such as Jarir Marketing and United Electronics, down 2.6% and 1.1% respectively, pulled back after surging in the previous two sessions. The sector had risen after the King Salman ordered a big cash handout to Saudi state employees and some large companies also said they would pay out hundreds of millions of dollars in bonuses to mark Salman’s accession. Much of the money is expected to be spent on consumer goods. A purchasing managers’ survey released yesterday showed the Saudi non-oil sector still growing strongly in January, with no significant impact from last year’s plunge in oil prices. Dubai’s index jumped 2.5% in a broad rally. Builder Arabtec surged 3.7% after announcing it had won contracts worth 375mn dirhams ($102mn) from developer Emaar Properties. Shares in Emaar surged 4.8%. Rival developer DAMAC soared its daily 15% limit, extending gains after posting a 46% surge in 2014 profit on Monday. The stock, which had previously traded only in London and cross-listed in Dubai on January 12, had plunged 36% last month on the emirate’s bourse. Bourse operator Dubai Financial Market (DFM) jumped 2.4%. Its fourth-quarter net profit increased 31% to 138.2mn dirhams, Reuters calculated using company figures. Global Investment House had forecast DFM would make a quarterly profit of 120mn dirhams. Abu Dhabi’s index added 1.4%. Dana Gas surged 4.3% ahead of a board meeting on Wednesday that will review its financial results. The January PMI for the United Arab Emirates showed private sector growth actually accelerating despite low oil prices. Qatar’s bourse rose 1.3% as Gulf International Services surged 5.8% after its annual profit more than doubled and it proposed a 5.5 riyals dividend for 2014, up from 1.6 riyals a year earlier. Analysts had forecast the 2014 dividend at 3.35 riyals. In Egypt, the economic news was not as good; the January PMI showed the non-oil private sector shrank for the first time since last July as both output and new orders fell slightly. But Egypt’s bourse rose 1.3% yesterday to 9,954 points, a fresh 6-1/2year high, ahead of earnings reports which companies will begin publishing next week. Lower oil prices have eased the pressure on the country’s fiscal and trade deficits, allowing the central bank to begin a gradual depreciation of the pound which may eliminate the black market and improve the economy’s competitiveness. Gulf Times Wednesday, February 4, 2015 5 BUSINESS RBI holds rates steady, boosts banks’ liquidity India’s central bank keeps repo rate steady at 7.75%; lowers banks SLR to 21.5% from 22%; markets expect more rate cuts after budget; government to present budget on February 28 Reuters Mumbai I ndia’s central bank held interest rates steady yesterday, while boosting banks’ liquidity in a bid to persuade them to lower lending rates after they failed to pass on the benefits of the last official rate cut three weeks ago. The Reserve Bank of India kept its policy repo rate unchanged at 7.75%, as expected by analysts, leaving its next reduction probably until after the government presents its annual budget at the end of this month. “Given that there have been no substantial new developments on the disinflationary process or on the fiscal outlook since January 15, it is appropriate for the Reserve Bank to await them and maintain the current interest stance,” the central bank said in a statement. Instead, to prod banks to lend more and lower their lending rates, the RBI cut the statutory liquidity ratio (SLR) – the minimum portion of net deposits that banks must hold in government bonds, cash or gold – by 50 basis points to 21.5% from February 7. Only three of India’s 45 commercial banks cut base lending rates in the wake of the RBI’s reduction in the repo rate by 25 basis points on January15, hurting the government’s drive to lift business investment. Bank profits have been poor, but RBI The Reserve Bank of India governor Raghuram Rajan speaks during a news conference after the bi-monthly monetary policy review in Mumbai yesterday. India’s central bank held interest rates steady at 7.75%. Governor Raghuram Rajan said that given the weak credit growth, banks would have to start lending again at some point. “To get that lending they will have to be more competitive, which means they will have to cut base rate. I am hopeful it is a matter of time before banks judge that they should pass it on,” Rajan told a news conference. “Many have been relatively quick to cut their deposit rates, but not so quick to cut their lending rates, I presume some are hoping they can get the spread for a little more time to repair banks’ balance sheets.” While RBI officials suspect banks are trying to protect profit margins, commercial bankers complain that liquidity conditions have been too tight for them to lower lending rates. Encouraged by falling world oil prices and inflation slowing, the RBI had surprised investors last months by kicking off a new easing cycle, to boost credit in an economy struggling to gather momentum. The RBI held out the prospect of more rate cuts, but said that would depend on government efforts to reduce India’s fiscal deficit and fix the supply constraints that keep food and energy prices high in the country. Most economists polled by Reuters expect the RBI to start reducing its repo policy rate after the budget, due to be unveiled by Finance Minister Arun Jaitley on February 28, so long as it does not disappoint in terms of reducing the fiscal deficit. The rupee currency, bonds and share markets all eased slightly after the RBI announced it was leaving rates unchanged this time. Markets are pricing in more interest rate cuts over the rest of the year given consumer prices rose 5% in December, well within the RBI target of 6% by January 2016. “We believe the RBI can come up with one more 25 basis points rate cut any time between mid-March and next policy date of April 7,” said Shakti Satapathy, a fixed income strategist for AK Capital in Mumbai. The RBI described the domestic economy as “subdued”, regardless of the government revision of gross domestic product data, using a new formula which showed the economy grew 6.9% in 2013/14, instead of 4.7%. The RBI added it was too soon to incorporate the new calculation of GDP, but using the old base it estimated growth at 5.5% in the year ending in March, and forecast growth of 6.5% in 2015/16. Economists have estimated that India needs sustained annual growth of 8% rate to create enough jobs for the millions of young Indians joining the workforce each year. Samsung to expand range of smart appliances AFP Seoul Samsung is to launch a range of smart refrigerators, air conditioners and washing machines as it seeks to expand its business in Internet-connected homes, a top executive said yesterday. The South Korean tech giant is seeking to plough more resources into the so-called Internet of Things (IoT) as the market for smartphones – one of its core product categories – becomes increasingly saturated. The new appliances will work on Samsung’s Tizen operating system, which the company has touted as a platform not just for phones but for a range of connected home appliances that can communicate with one another. “We are preparing launches of Tizen-powered TVs, refrigerators, air conditioners and other premium-priced home appliances this year,” BK Yoon, head of Samsung’s consumer electronics unit, told reporters. The firm – the world’s top mobile phone maker – plans to eventually make all its new products Internet-connected by 2020, he added. “I think we have to make preparations for the IoT for future growth, as we previously grew in size by switching from... feature phones to smartphones,” Yoon said. StanChart China reports $91.2bn account deficit in Q4 plans to sell C Philippines retail unit Beijing Dow Jones Reuters Singapore/Manila S tandard Chartered is looking to sell its retail business in the Philippines, part of a wider bid by embattled CEO Peter Sands to cut costs and shrink the bank’s asset base, a person with direct knowledge of the matter said. The London-listed bank, which entered the Philippines in 1872, would continue to operate its corporate banking business in the country to focus on top clients such as San Miguel, the nation’s biggest conglomerate, the source said. A spokesman for Standard Chartered said the bank would “not comment on speculation”. The source declined to be identified as the matter is not yet public. Standard Chartered’s assets in the Philippines total $1.72bn, according to the country’s central bank. It currently has five branches and over 500 employees in the Southeast Asian nation, according to the bank’s website. Two-thirds of those employees are in its retail business, the source said. It was not immediately clear how much the retail business would fetch, as no breakdown of StanChart’s retail assets in the Philippines is available. It could be left with one branch if the sale goes ahead, the source said. Sands is under pressure from investors to reverse a two-year decline in the bank’s fortunes that have seen its shares lose 46% of their value in the last two years. Some are calling for him to be replaced. The CEO has been shuttering businesses where the lender had failed to achieve sustainable scale. Last month StanChart closed the bulk of its global equities business and said it would axe 4,000 jobs in retail banking. In December Standard Chartered sold its Hong Kong and Shenzhen consumer finance businesses to a consortium that included China Travel Financial Holdings, US hedge fund York Capital Management Global Advisors and financial firm Pepper Australia Pty. The sale could attract bids from Philippine lenders who dominate the local banking business and further a government-backed goal of bringing consolidation to the domestic banking sector. Antonio Moncupa, president of Philippines’ EastWest Banking Corp, said his firm would consider a bid for StanChart’s retail banking assets. “We will surely consider. But we need to see the bidding process details first in making a decision,” he told Reuters yesterday. The country’s deputy central bank governor, Nestor Espenilla Jr, said in July smaller players in the country’s overcrowded banking market would need to grow, combine with a local player or sell out. The country’s largest lender, BDO Unibank Inc, bought Citibank’s thrift bank unit in the country in late 2013. Standard Chartered’s Philippines unit ranks as 18th biggest in the country in terms of assets, trailing foreign banks such as Citibank which is at number 11. The top three local banks BDO Unibank, Metropolitan Bank & Trust Co and Bank Of the Philippine Islands control 43% of the country’s banking assets, according to central bank data. hina reported the largest deficit in its capital and financial account in more than a decade for the last quarter of 2014, the latest evidence showing that capital is flowing out of the country. China recorded a deficit of $91.2bn in the period under its capital and financial account, which covers investments, the State Administration of Foreign Exchange said yesterday, based on preliminary estimates. The figure is the largest quarterly deficit under its capital and financial account since at least 1998, according to data provider Wind Information Co, though the data are estimates and often subject to wide revisions. It brought the capital-account deficit for the full year to a preliminary $96bn, after a revised deficit of $9bn in the 2014 third quarter. China has been facing capital outflows as its economy slows and the nation’s currency weakens. The government has also been encouraging domestic companies to play a bigger role in the global economy by investing overseas. Economists have said that slower economic growth and rising labour costs are making China a less attractive destination for some types of foreign investment, while the weaker yuan is convincing some exporters to hold on to foreign exchange instead of converting it into the local currency. In the fourth quarter, China had a surplus of $61.1bn in the current account, which covers trade in goods and services. It had a surplus of $213.8bn for all of 2014, An employee counts money at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui Province. China reported the largest deficit in its capital and financial account in more than a decade for the last quarter of 2014. according to initial estimates, and that included a revised surplus of $72.2bn in the third quarter of last year. In 2013, China posted surpluses in both its capital and current accounts, with the capital account showing a $326.2bn sur- plus and the current account surplus at $182.8bn. The data are largely in line with other data released by the government. China’s central bank and financial institutions sold a net 118.365bn yuan ($18.91bn) of foreign exchange in December, revers- ing a net purchase of 2.17bn yuan in November, according to a Wall Street Journal calculation based on central-bank data issued last month. Foreign exchange purchases by the banking system are widely seen as indicative of capital flows. Beijing broadens graft probe into financial sector Reuters Shanghai Bank of Beijing Co board director Lu Haijun is under investigation for serious disciplinary violations, the bank said, the latest high-ranking banker to fall under scrutiny as China’s anti-corruption drive turns to the finance sector. The investigation comes after China Minsheng Banking Corp’s president, Mao Xiaofeng, resigned on Saturday for personal reasons after media reports that he was being investigated by China’s anticorruption watchdog. Chinese President Xi Jinping has warned that the problem of official graft is serious enough to threaten the Communist Party’s legitimacy and has vowed to go after powerful “tigers” as well as lowly “flies”. Graft-busters have investigated business leaders and politicians alike, including powerful former domestic security chief Zhou Yongkang, and Ling Jihua, once a top aide to Hu Jintao, Xi’s predecessor. Chinese media have connected the fall of Mao with the probe into Ling without giving specific details, except to note they both rose through the Communist Youth League. Ling was sacked as head of a department which works to co-opt noncommunists in December after having been implicated in a scandal over his son’s death in a luxury sports car accident. Neither Mao nor Lu could be reached for comment. Mao, once a rising star in China’s banking world, had only been named to his post in August. Bank of Beijing’s Lu was the former chairman of Beijing Energy Investment Holding Co Ltd, one of the bank’s shareholders, according to a statement posted on the Shanghai stock exchange late on Monday. The bank was operating normally, the statement added. The party’s graft-fighting body, the Central Commission for Discipline Inspection, said on Friday it was probing Lu, who it identified only as the former chairman of Beijing Energy Investment, although it gave no details. Beijing Energy Investment holds 5.08% of the bank’s shares. Bank of Beijing has a market value of 106bn yuan ($16.93bn) and operates primarily in the domestic market. Fitch Ratings said neither probe would likely have a significant impact on the banks’ operations, pointing out that Lu sat on the Bank of Beijing’s board only as a representative of its shareholder, Beijing Energy Investment. “However, these events at Minsheng and Bank of Beijing could be a precursor to a wider investigation into corporate management,” it said. “If so, as far as the financial sector is concerned, it has the potential to enhance transparency and improve governance standards in the long run – which would be credit positive.” Du Changchun, an analyst at Northeast Securities in Shanghai, said the investigations would probably not undermine investor confidence in banking shares either. “The chances of problems blowing up are slim,” Du said. The Chinese government’s probe into the financial sector comes as part of a broader campaign to root out corruption at major state-run conglomerates. The official Xinhua news agency said on Monday that anti-graft teams would be sent into 72 major state-run firms, including 19 in the financial and rail sectors. 6 Gulf Times Wednesday, February 4, 2015 BUSINESS Apple raises $6.5bn from bond market share buyback funding Bloomberg California Maestri: Fulfilling a pledge to boost the value of Apple shares. Asian bourses fall on growth worries Reuters Tokyo A sian stocks sagged yesterday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2% after the latest batch of weak US data worsened worries about the state of the global economy. Japan’s Nikkei shed 1.2% and Hong Kong’s Hang Seng lost 0.4%. Many Asian bourses gained earlier in the session after Greece’s new government appeared to take a step towards ending a stand-off with its creditors, before the lift petered out. Buoyed by the RBA rate cut, Australian shares bucked the trend and surged 1.5%. The RBA cut its cash rate by a quarter of a point to 2.25% in a bid to spur a sluggish economy. As a consequence the Aussie retreated to $0.7650, lowest since May 2009. Suffering collateral damage, the New Zealand dollar retreated to a four-year bottom of $0.7194. “There’ll be room for another cut this year, how soon remains to be seen. We’ve been thinking two (cuts) and it’s hard to steer away from that at this point,” said David De Garis, senior economist at National Australia Bank. The RBA was the latest domino to fall as central banks across the globe eased to support sputtering economies and ward off deflation. The RBA move was seen adding pressure on the Bank of Korea to cut rates, forcing the Korean won to pare gains. US crude oil was up 0.6% at $49.88 a barrel, having already surged more than 10% over the past two sessions as some investors bet that a bottom had been reached after a seven-month-long rout. Apple Inc is showing it can keep coming back to the bond market to fund share buybacks and preserve its overseas cash hoard. The iPhone maker sold $6.5bn in debt on Monday in a deal that was bigger than it initially intended with borrowing costs that are some of its lowest ever. The offering included 30-year debt with a 3.45% coupon, or 0.3 percentage point less than the recordlow yield investors demanded on Friday to own similar corporate debt with comparable maturities. Apple has now raised the equivalent of $39bn from the bond market in less than two years, bringing the company closer to fulfilling a pledge to boost the value of its stock amid pressure from billionaire activist investor Carl Icahn. Chief Financial Officer Luca Maestri told analysts last week that the Cupertino, California-based company has completed $103bn of it $130bn capital returns plan. “Apple has proven itself to be pretty thoughtful and shrewd when it comes to capital allocation over the last couple of years, and that hasn’t been lost on the bond market,” said Scott Kessler, a technology analyst at S&P Capital IQ in New York. “It makes sense for them to be active participants in the corporate bond market.” Apple has been turning to bonds instead of using cash that’s mostly held overseas, which would subject it to repatriation taxes. Apple ended December with about $178bn in cash and marketable securities, according to a company statement on January 27. Of that $157.8bn were held by foreign subsidiaries. Investors have been rewarded well for owning Apple bonds, which have returned 13.7% since the end of 2013, outperforming the 10.3% gain in debt of similarly rated companies, according to Bank of America Merrill Lynch index data. The extra yield investors demand to own the debt has dropped 3 basis points during the same period, even as it widened 16 basis points on average for borrowings of companies with similar ratings. A basis point is 0.01 percentage point. Icahn in October renewed pressure on Apple to accelerate the stock buybacks, saying its shares are undervalued and should be at $203. That’d give Apple a market capitalisation of more than $1tn. Apple’s shares closed at $118.63 in New York Monday. Apple increased its capital return programme to $100bn in April 2013, including share buybacks and dividends. The company raised it by $30bn in April last year along with a boost to the dividend and split of its stock 7-for-1. The new borrowings come after Apple posted a 30% jump in fiscal first quarter revenue to $74.6bn on January 27, its largest sales increase in three years. Net income rose 38% to a record $18bn. Sensex dips 122 points; rupee at one-week high IANS Mumbai T he benchmark index of Indian equities markets closed yesterday’s trade down 122.13 points or 0.42%, as investors’ sentiments were subdued after the Reserve Bank of India (RBI) decided to keep key interest rates unchanged in its sixth bi-monthly policy review. Initially after the RBI announcement the markets tumbled by 221.86 points, but later pared some of the losses. Heavy selling was observed in the interest sensitive banking and automobile sector. Other sectors such as healthcare, realty and power stocks too came under selling pressure. However, oil and gas, fast-moving consumer goods (FMCG), metal, consumer durables and technology, entertainment and media (TECK) sectors made healthy gains. The 30-scrip Sensitive Index (Sensex) of the S&P Mumbai Stock Exchange (BSE), which opened at 29,217.40 points, closed the day’s trade at 29,000.14 points, down 122.13 points or 0.42% from the previous day’s close at 29,122.27 points. The Sensex touched a high of 29,253.06 points and a low of 28,900.41 points in the intra-trade during the day. In its sixth bi-monthly policy review, the Reserve Bank of India kept the repo rate, or the interest that banks pay when they borrow money from the RBI to meet their short-term fund requirements, unchanged at 7.75%. Consequent to the RBI’s decision, the reverse repo rate, or the interest that the RBI pays to commercial banks when they park their surplus short-term funds with the central bank, remained at 6.75%. The status quo in these key policy rates mean that the equated monthly instalments (EMIs) on home, auto and other loans would remain unchanged. On the liquidity front, the RBI reduced the statutory liquidity ratio (SLR) which is the mandatory amount of cash, gold, bonds or other securities that banks must keep with it. The SLR has been reduced by 50 basis points to 21.5% of their net demand and time liabilities (NDTL) effective from the fortnight beginning February 7. A view of the Bombay Stock Exchange. The Sensex, which opened at 29,217.40 points, closed yesterday’s trade at 29,000.14 points, down 122.13 points or 0.42% from the previous day’s close at 29,122.27 points. The reduced SLR will help inject additional capital into the financial system. The Cash Reserve Ratio (CRR) is left unchanged at 4%. The RBI’s action was on expected lines as most analysts had predicted a status quo, considering the apex bank last month cut the repo rate. “RBI event was on expected lines but correction in realty and financials signalled market’s expectation for a rate cut,” said Vinod Nair, head-fundamental research, Geojit BNP Paribas Financial Services. Meanwhile, bucking the weak trend in stocks, Indian rupee yesterday strengthened 13 paise to end at nearly one-week high of 61.67 against the greenback on persistent selling of dollars by banks and exporters on a day the RBI kept interest rates unchanged. The rupee opened higher at 61.65 per dollar as against Monday’s closing level of 61.80 at the Interbank Foreign Exchange (Forex) market. It moved up further to 61.61 per dollar on initial selling of dollars by banks. ECB stimulus distorts credit markets Bloomberg London C “The borrowing is a bullish signal in the confidence of their business,” said Michael Walkley, an analyst at Canaccord Genuity Inc in Minneapolis. “A debt offering is about the sustainability of providing strong longterm cash flows, and taking advantage of attractively priced financing.” Steve Dowling, a spokesman for Apple, didn’t respond to a telephone call and e-mail seeking comment on the offering. The company issued the securities in five parts, including $2bn of 30-year bonds, Bloomberg data show. The average yield on the highest-rated company bonds with maturities of at least 15 years was 3.76% on January 31, according to Bank of America Merill Lynch Index data. “Apple is getting attractive terms,” Mike Buchanan, the Pasadena, California-based head of global credit at Western Asset, said in a telephone interview. “The demand for high quality will continue to encourage companies to tap the market.” redit markets are being so distorted by the European Central Bank’s record stimulus that investors are poised to pay for the privilege of parking their cash with Nestle. The Swiss chocolate maker’s securities, which have the third-highest credit ranking at Aa2, may be among the first corporate bonds to trade with a negative yield, according to Bank of America Corp’s Londonbased strategist Barnaby Martin. Covered bonds, which are bank securities backed by loans, started trading with yields below zero at the end of September. With the growing threat of falling prices menacing the euro-area’s fragile economy, some investors are calculating it’s worth owning Nestle bonds, even with little or no return. That’s because yields on more than $2tn of the developed world’s sovereign debt, including German bunds, have turned negative and the ECB charges 0.2% interest for cash deposits. “In the same way that bunds went negative, there’s nothing, in theory, to stop short-dated corporate bond yields going slightly negative as well,” Martin said. “If investors want to park some cash, the problem with putting it in a bank or money market fund is potential negative returns, because of the negative deposit rate policy of the ECB.” Vevey-based Nestle SA’s 0.75% notes due October 2016 were quoted to yield 0.05% today, according to data compiled by Bloomberg. Officials at Nestle declined to comment on its bonds before publication of the company’s full-year 2014 results on February 19 It isn’t the only company with short-dated bond yields verging on turning negative. Roche Holding AG, the world’s largest seller of cancer drugs, issued €2.75bn of bonds with a coupon of 5.625% in 2009. The notes, which mature in March 2016, pay 0.09%, Bloomberg data show. “The current yield is market-driven,” Nicolas Dunant, head of media relations at Basel, Switzerland-based Roche, said in an e-mail. “The bond has traded up because it has become increasingly attractive for investors in the current low-rate environment.” The average yield investors demand to hold investment-grade corporate bonds in euros fell to a record 0.9868% yesterday, less than half the 2.1% level at the end of 2013, according to Bank of America Merrill Lynch index data. Borrowers have yet to test negative rates in the new issue market. Instead of having a negative coupon, borrowers could opt for a zero-coupon bond with a price above par, according to Frank Will, head of covered bond research at HSBC Holdings Plc in Dusseldorf. “If you hold a bond to maturity and it has a negative yield that means you will get back less than the price you paid for it,” said Mahesh Bhimalingam, head of European credit strategy at BNP Paribas SA in London. “However, if it goes more negative you could benefit from gains in the price.” Falling prices and stubbornly high unemployment encouraged ECB President Mario Draghi to embark on an unprecedented plan to buy €60bn of assets a month for at least 19 months. The euro area’s annual inflation rate fell to minus 0.6% last month, matching the biggest decline in prices in the history of the single currency, according to data published by Eurostat. The stimulus programme has encouraged traders to take massive concentrated positions in “fantastically” overpriced markets, according to Paul Singer, the billionaire founder of Elliott Management Corp. “Today’s trading levels of stocks and bonds reflect ‘thumb on the scale’ valuations driven by persistent and massive government asset purchases and zero% (or lower!) shortterm policy rates, as well as an essentially unlimited tolerance for risk,” Elliott wrote in the firm’s fourth-quarter letter dated January 30, a copy of which was obtained by Bloomberg News. The ECB started buying covered bonds in October and has since accumulated €40.3bn of the notes, which typically have higher credit ratings because they’re backed by assets as well as being guaranteed by the issuer. Deutsche Bank AG’s 3.375% covered notes maturing in 2018, which are backed by home loans, last week yielded minus 0.03%, according to data compiled by Bloomberg. However, it fell to 61.84 per dollar in the afternoon on fresh demand from some banks before closing at 61.67 per dollar, showing a gain of 13 paise or 0.21% from its last close. The rupee has now gained by 19 paise, or 0.31%, in two days and has closed at its strongest level since 61.41 on January 28, 2015. Greek stocks soar 11% AFP Athens The Greek stock market soared yesterday on hopes that a deal can be reached between the new government in Athens and Greece’s international creditors. The general Athex index closed up 11.27% at 841 points, after Finance Minister Yanis Varoufakis set out the government’s plans to renegotiate its mountain of debt. The increase marks a correction of the market to the level seen before the January 25 elections, which swept the antiausterity Syriza party into government. The banking index finished the day up 17.96%. In a further sign of growing investor confidence, the rate of return on 10-year Greek bonds fell to 9.7% before rising slightly. It had reached 11% last week. The victory of Syriza on a promise of ending austerity and halving Greece’s debt caused turmoil in European financial markets. Stocks slumped 9.2% last Wednesday to their lowest level since June 2012 and shares in Greece’s four main banks lost more than a quarter of their value. But Prime Minister Alexis Tsipras and Varoufakis have this week been touring European capitals to reassure their creditors and allies that a default – and possible Greek exit from the single currency area – is not on the cards. They have given more details of their proposed renegotiation, including plans not to write off Greek debt but to reformat the loans in what Varoufakis described as “smart debt engineering”. Gulf Times Wednesday, February 4, 2015 7 BUSINESS SAUDI ARABIA Company Name QATAR Company Name Zad Holding Co Widam Food Co Vodafone Qatar United Development Co Salam International Investme Qatar & Oman Investment Co Qatar Navigation Qatar National Cement Co Qatar National Bank Qatar Islamic Insurance Qatar Industrial Manufactur Qatar International Islamic Qatari Investors Group Qatar Islamic Bank Qatar Gas Transport(Nakilat) Qatar General Insurance & Re Qatar German Co For Medical Qatar Fuel Co Qatar Electricity & Water Co Qatar Cinema & Film Distrib Qatar Insurance Co Ooredoo Qsc National Leasing Mazaya Qatar Real Estate Dev Mesaieed Petrochemical Holdi Al Meera Consumer Goods Co Medicare Group Mannai Corporation Qsc Masraf Al Rayan Al Khalij Commercial Bank Industries Qatar Islamic Holding Group Gulf Warehousing Company Gulf International Services Ezdan Holding Group Doha Insurance Co Doha Bank Qsc Dlala Holding Commercial Bank Of Qatar Qsc Barwa Real Estate Co Al Khaleej Takaful Group Aamal Co Lt Price 87.20 60.50 15.92 24.98 16.17 15.60 102.90 140.00 194.50 83.70 46.50 83.60 39.70 109.00 24.09 57.80 9.65 217.00 195.20 43.70 87.70 113.40 20.42 20.70 28.20 206.50 128.50 105.80 49.00 21.60 154.60 118.50 56.00 110.10 14.75 26.90 58.20 43.20 69.30 47.35 53.10 14.50 % Chg 0.23 0.83 4.05 3.01 1.06 -0.32 0.88 4.48 0.26 -0.24 0.87 2.58 2.32 0.93 0.79 -1.87 0.10 1.97 -0.15 0.00 -0.23 0.18 0.34 1.22 1.99 2.23 1.26 0.86 2.51 0.61 0.72 0.51 0.18 5.76 0.96 0.37 0.34 2.25 1.17 3.38 1.14 0.62 Volume 890 5,058 2,395,595 681,633 142,490 258,977 49,541 36,423 175,206 69,247 8,523 280,912 208,059 148,873 416,704 455 32,499 69,480 79,308 203,081 113,617 756,109 1,233,844 542,926 30,837 23,128 21,101 990,171 61,500 314,777 263,924 80,136 1,188,865 1,091,265 18,818 379,466 137,851 122,148 3,220,164 132,580 317,360 SAUDI ARABIA Company Name Saudi Hollandi Bank Al-Ahsa Development Co. Al-Baha Development & Invest Ace Arabia Cooperative Insur Allied Cooperative Insurance Arriyadh Development Company Fitaihi Holding Group Arabia Insurance Cooperative Al Abdullatif Industrial Inv Al-Ahlia Cooperative Insuran Al Alamiya Cooperative Insur Dar Al Arkan Real Estate Dev Al Babtain Power & Telecommu Bank Albilad Alujain Corporation (Alco) Aldrees Petroleum And Transp Fawaz Abdulaziz Alhokair & C Alinma Bank Alinma Tokio Marine Al Khaleej Training And Educ Abdullah A.M. Al-Khodari Son Allianz Saudi Fransi Coopera Almarai Co Saudi Integrated Telecom Co Alsorayai Group Al Tayyar Travel Group Amana Cooperative Insurance Anaam International Holding Abdullah Al Othaim Markets Arabian Pipes Co Advanced Petrochemicals Co Al Rajhi Co For Co-Operative Arabian Cement Arab National Bank Ash-Sharqiyah Development Co United Wire Factories Compan Astra Industrial Group Alahli Takaful Co Aseer Axa Cooperative Insurance Basic Chemical Industries Bishah Agriculture Bank Al-Jazira Banque Saudi Fransi United International Transpo Bupa Arabia For Cooperative Buruj Cooperative Insurance Saudi Airlines Catering Co Methanol Chemicals Co City Cement Co Eastern Province Cement Co Etihad Atheeb Telecommunicat Etihad Etisalat Co Emaar Economic City Saudi Enaya Cooperative Insu United Electronics Co Falcom Saudi Equity Etf Filing & Packing Materials M Wafrah For Industry And Deve Falcom Petrochemical Etf Gulf General Cooperative Ins Jazan Development Co Gulf Union Cooperative Insur Halwani Bros Co Hail Cement Herfy Food Services Co Al Jouf Agriculture Developm Jarir Marketing Co Jabal Omar Development Co Al Jouf Cement Saudi Kayan Petrochemical Co Knowledge Economic City Kingdom Holding Co Saudi Arabian Mining Co Malath Cooperative & Reinsur Makkah Construction & Devepl Mediterranean & Gulf Insuran Middle East Specialized Cabl Mohammad Al Mojil Group Co Mouwasat Medical Services Co The National Agriculture Dev Najran Cement Co Nama Chemicals Co National Gypsum National Gas & Industrializa National Industrialization C Maadaniyah National Shipping Co Of/The National Petrochemical Co Rabigh Refining And Petroche Al Qassim Agricultural Co Qassim Cement/The Red Sea Housing Services Co Saudi Research And Marketing Riyad Bank Al Rajhi Bank Saudi Arabian Amiantit Co Lt Price 46.31 17.05 13.50 62.98 27.26 23.35 23.95 19.65 38.09 15.71 85.75 10.44 39.03 49.71 23.13 58.31 108.64 22.83 52.35 67.23 34.06 44.39 83.38 24.30 17.81 143.49 15.81 32.46 115.69 21.29 50.01 45.42 80.13 34.00 92.36 39.38 36.08 54.11 29.30 38.87 37.90 69.75 28.60 35.00 77.66 168.05 41.71 194.81 13.76 23.42 61.44 7.74 39.12 15.09 30.24 102.23 32.00 55.83 42.37 28.60 31.81 16.75 19.94 92.98 25.88 116.62 46.78 204.20 57.54 16.26 12.68 20.78 19.08 37.91 33.57 84.09 54.57 24.92 12.55 127.92 40.14 31.01 13.47 29.79 32.94 28.12 36.72 37.97 25.83 20.54 14.11 94.00 42.95 19.80 17.96 60.15 14.53 % Chg -0.62 0.24 0.00 -2.05 4.05 0.04 -0.79 -1.55 1.71 -0.19 -9.97 0.29 3.45 0.06 0.26 0.05 -0.16 -1.08 1.47 -0.65 0.65 -0.67 -1.54 0.00 -1.60 0.40 -0.44 -1.55 -0.46 -0.19 2.19 0.24 0.10 -0.09 5.95 2.10 -2.12 2.54 2.27 0.36 0.24 0.00 0.78 -0.09 -2.72 -0.47 0.07 0.22 -1.99 -0.47 0.26 -2.89 1.22 -0.07 -0.92 -1.16 0.95 0.96 2.24 0.00 0.19 0.78 -2.35 1.03 -2.19 0.15 -0.32 -2.33 -0.52 -2.17 2.26 1.61 3.30 -0.47 -2.72 -0.77 -1.92 -4.04 0.00 0.22 2.42 2.58 3.62 -1.32 0.18 0.90 0.69 -0.99 0.12 2.34 0.93 -0.27 2.34 3.66 -0.22 2.00 -0.41 Volume 178,444 10,535,803 524,385 2,413,807 1,293,134 646,828 757,566 585,032 1,550,070 1,507,894 52,676,698 4,326,824 931,940 1,558,842 894,826 1,537,894 43,247,415 509,456 217,281 5,119,690 506,731 478,152 888,199 302,345 1,436,872 1,543,538 157,795 2,044,386 1,937,684 780,093 1,187,944 347,702 3,643,237 2,242,545 3,302,552 1,117,157 2,938,048 1,260,208 485,083 6,784,549 415,129 374,040 242,537 378,087 225,707 7,026,239 4,111,259 192,420 8,316,331 14,025,521 5,009,587 1,518,632 222,277 3,605 1,613,317 2,188,123 1,500 1,852,302 3,706,925 1,224,507 114,396 833,059 54,695 636,332 125,386 1,487,618 6,067,078 54,653,708 5,112,490 2,463,504 5,815,442 6,811,178 103,180 1,908,751 8,198,338 99,023 2,121,905 561,719 13,422,603 665,943 101,176 4,024,030 1,502,364 1,226,478 1,459,580 9,481,292 3,129,599 84,331 602,120 1,650,896 1,890,871 5,563,574 5,050,669 Saudi British Bank Sabb Takaful Saudi Basic Industries Corp Saudi Cement Sasco Saudi Dairy & Foodstuff Co Saudi Arabian Fertilizer Co Al Sagr Co-Operative Insuran Saudi Advanced Industries Saudi Arabian Coop Ins Co Salama Cooperative Insurance Samba Financial Group Sanad Cooperative Insurance Saudi Public Transport Co Saudi Arabia Refineries Co Hsbc Amanah Saudi 20 Etf Saudi Re For Cooperative Rei Savola Saudi Cable Co Saudi Chemical Company Saudi Ceramic Saudi Electricity Co Saudi Fisheries Al-Hassan G.I. Shaker Co Dur Hospitality Co Arabian Shield Cooperative Saudi Investment Bank/The Saudi Industrial Development Saudi Industrial Export Co KUWAIT Lt Price 55.63 36.32 96.34 99.55 28.33 121.04 154.07 31.69 22.56 44.65 31.31 46.29 15.23 26.59 68.04 29.10 10.30 82.52 10.51 61.79 116.50 16.13 30.50 77.18 34.01 42.88 27.86 17.43 50.38 % Chg 0.20 -1.78 1.19 -1.25 -0.21 1.09 0.16 -2.19 -0.09 -2.85 -0.29 -1.11 0.00 -1.95 3.56 0.00 0.98 0.05 0.57 0.18 2.21 -0.31 -2.84 -0.10 -1.42 -0.95 0.61 -0.06 -1.22 Volume 172,766 1,268,482 4,701,634 250,055 830,520 118,255 143,684 1,841,826 1,573,072 727,715 713,087 2,134,350 3,079,150 2,175,001 5 3,276,457 806,707 2,091,662 441,565 355,123 2,638,807 3,254,753 317,179 418,887 550,604 613,300 2,599,567 935,444 KUWAIT Company Name Viva Kuwait Telecom Co Securities Group Co Sultan Center Food Products Kuwait Foundry Co Sak Kuwait Financial Centre Sak Ajial Real Estate Entmt Gulf Glass Manuf Co -Kscc Kuwait Finance & Investment National Industries Co Kuwait Real Estate Holding C Securities House/The Boubyan Petrochemicals Co Al Ahli Bank Of Kuwait Ahli United Bank (Almutahed) National Bank Of Kuwait Commercial Bank Of Kuwait Kuwait International Bank Gulf Bank Al-Massaleh Real Estate Co Al Arabiya Real Estate Co Kuwait Remal Real Estate Co Alkout Industrial Projects C A’ayan Real Estate Co Investors Holding Group Co.K Markaz Real Estate Fund Al-Mazaya Holding Co Al-Madar Finance & Invt Co Gulf Petroleum Investment Mabanee Co Sakc City Group Inovest Co Bsc Kuwait Gypsum Manufacturing Al-Deera Holding Co Alshamel International Hold Mena Real Estate Co National Slaughter House Amar Finance & Leasing Co United Projects Group Kscc National Consumer Holding Co Amwal International Investme Jeeran Holdings Equipment Holding Co K.S.C.C Nafais Holding Safwan Trading & Contracting Arkan Al Kuwait Real Estate Gulf Finance House Ec Energy House Holding Co Kscc Kuwait Slaughter House Co Kuwait Co For Process Plant Al Maidan Dental Clinic Co K National Ranges Company Kuwait Pipes Indus & Oil Ser Al-Themar Real International Al Ahleia Insurance Co Sak Wethaq Takaful Insurance Co Salbookh Trading Co K.S.C.C Aqar Real Estate Investments Hayat Communications Kuwait Packing Materials Mfg Soor Fuel Marketing Co Ksc Alargan International Real Burgan Co For Well Drilling Kuwait Resorts Co Kscc Oula Fuel Marketing Co Palms Agro Production Co Ikarus Petroleum Industries Mubarrad Transport Co Al Mowasat Health Care Co Shuaiba Industrial Co Kuwait Invest Co Holding Hits Telecom Holding First Takaful Insurance Co Kuwaiti Syrian Holding Co National Cleaning Company Eyas For High & Technical Ed United Real Estate Company Agility Kuwait & Middle East Fin Inv Fujairah Cement Industries Livestock Transport & Tradng International Resorts Co National Industries Grp Hold Marine Services Co Warba Insurance Co Kuwait United Poultry Co First Dubai Real Estate Deve Al Arabi Group Holding Co Kuwait Hotels Co Mobile Telecommunications Co Al Safat Real Estate Co Tamdeen Real Estate Co Ksc Al Mudon Intl Real Estate Co Kuwait Cement Co Ksc Sharjah Cement & Indus Devel Kuwait Portland Cement Co Educational Holding Group Bahrain Kuwait Insurance Kuwait China Investment Co Kuwait Investment Co Burgan Bank Kuwait Projects Co Holdings Al Madina For Finance And In Kuwait Insurance Co Al Masaken Intl Real Estate Intl Financial Advisors First Investment Co Kscc Al Mal Investment Company Bayan Investment Co Kscc Egypt Kuwait Holding Co Sae Coast Investment Development Privatization Holding Compan Kuwait Medical Services Co Injazzat Real State Company Kuwait Cable Vision Sak Sanam Real Estate Co Kscc Ithmaar Bank Bsc Aviation Lease And Finance C Arzan Financial Group For Fi Ajwan Gulf Real Estate Co Manafae Investment Co Kuwait Business Town Real Es Future Kid Entertainment And Specialities Group Holding C Abyaar Real Eastate Developm Dar Al Thuraya Real Estate C Lt Price 750.00 110.00 92.00 315.00 114.00 206.00 560.00 69.00 204.00 31.50 87.00 590.00 400.00 650.00 890.00 610.00 270.00 305.00 77.00 45.50 76.00 0.00 100.00 34.50 1.54 132.00 22.50 93.00 990.00 460.00 66.00 170.00 13.00 0.00 39.50 152.00 65.00 760.00 0.00 32.00 62.00 112.00 88.00 0.00 134.00 25.00 114.00 206.00 248.00 0.00 35.00 0.00 92.00 495.00 56.00 136.00 0.00 73.00 450.00 140.00 184.00 172.00 93.00 144.00 130.00 156.00 77.00 0.00 255.00 0.00 32.50 0.00 0.00 69.00 310.00 100.00 780.00 40.50 79.00 130.00 39.00 198.00 104.00 116.00 180.00 76.00 156.00 0.00 540.00 24.00 450.00 110.00 375.00 90.00 1,360.00 150.00 0.00 51.00 142.00 460.00 670.00 31.50 290.00 73.00 40.50 0.00 36.00 66.00 200.00 61.00 59.00 85.00 67.00 33.00 62.00 49.50 236.00 49.00 38.00 60.00 36.00 0.00 134.00 32.50 0.00 % Chg 7.14 -6.78 1.10 -3.08 0.00 0.00 0.00 1.47 -3.77 -5.97 1.16 0.00 0.00 1.56 -1.11 -1.61 1.89 1.67 0.00 1.11 4.11 0.00 1.01 4.55 0.00 0.00 2.27 2.20 0.00 0.00 1.54 0.00 4.00 0.00 0.00 0.00 -2.99 0.00 0.00 1.59 5.08 1.82 0.00 0.00 3.08 6.38 0.00 0.00 0.00 0.00 6.06 0.00 2.22 0.00 -6.67 -4.23 0.00 7.35 0.00 1.45 0.00 2.38 2.20 2.86 0.00 4.00 2.67 0.00 0.00 0.00 3.17 0.00 0.00 2.99 0.00 1.01 -1.27 6.58 0.00 0.00 1.30 2.06 -5.45 0.00 0.00 2.70 -1.27 0.00 0.00 4.35 0.00 -1.79 0.00 1.12 0.00 0.00 0.00 2.00 1.43 0.00 -2.90 1.61 0.00 4.29 1.25 0.00 2.86 1.54 0.00 1.67 3.51 0.00 -2.90 0.00 0.00 2.06 -0.84 2.08 4.11 -7.69 0.00 0.00 0.00 1.56 0.00 Volume 9,944,557 150 84,952 57,625 10 77,653 500 6,000 28 10,991 4,613,116 58,842 101,349 114,029 5,002,642 5,246,398 1,074,221 1,010,172 734,325 3,106,002 5,962,942 1,464,257 17,362,117 4,767,865 2,298,115 3,532,993 52,903 74,580 308,240 500 5,793,133 444,000 10 50,100 3,500 1,568,110 6,100 6,004,616 2,510 10 52,348,865 1,415,000 2,449 10,000 32,388,577 2,109 10 1,178,230 9,956,552 2,342,427 6,739 210,138 50,000 1,000 152,650 115,468 30,110 366,394 542,189 1,400,000 8,506,807 1,076,860 50 2,000 699,341 24,301 47,750 5,340 273,650 2,328,558 20,000 41 20,100 3,934,952 3,191 5,264,605 11,843,285 14,001 69,100 2 56,500 10,710 71 100,773 274,652 749,828 2,387,524 3,958,190 118,799 1,444,236 2,311,526 2,627,000 2,409,064 10,000 2,491,301 5,719,181 100 428,500 1,500 2,500 4,890,342 231,047 15,499 8,634,522 20,010 2,630,712 23,440 4,229,204 - Company Name Al-Dar National Real Estate Kgl Logistics Company Kscc Combined Group Contracting Zima Holding Co Ksc Qurain Holding Co Boubyan Intl Industries Hold Gulf Investment House Boubyan Bank K.S.C Ahli United Bank B.S.C Al-Safat Tec Holding Co Al-Eid Food Co Al-Qurain Petrochemicals Co Advanced Technology Co Ekttitab Holding Co S.A.K.C Kout Food Group Ksc Real Estate Trade Centers Co Acico Industries Co Kscc Kipco Asset Management Co National Petroleum Services Alimtiaz Investment Co Kscc Ras Al Khaimah White Cement Kuwait Reinsurance Co Ksc Kuwait & Gulf Link Transport Human Soft Holding Co Ksc Automated Systems Co Metal & Recycling Co Gulf Franchising Holding Co Al-Enma’a Real Estate Co National Mobile Telecommuni Al Bareeq Holding Co Kscc Union Real Estate Co Housing Finance Co Sak Al Salam Group Holding Co United Foodstuff Industries Al Aman Investment Company Mashaer Holdings Co Ksc Manazel Holding Mushrif Trading & Contractin Tijara And Real Estate Inves Kuwait Building Materials Jazeera Airways Commercial Real Estate Co Future Communications Co National International Co Taameer Real Estate Invest C Gulf Cement Co Heavy Engineering And Ship B Refrigeration Industries & S National Real Estate Co Al Safat Energy Holding Comp Kuwait National Cinema Co Danah Alsafat Foodstuff Co Independent Petroleum Group Kuwait Real Estate Co Ksc Salhia Real Estate Co Ksc Gulf Cable & Electrical Ind Al Nawadi Holding Co Ksc Kuwait Finance House Gulf North Africa Holding Co OMAN Lt Price 26.00 102.00 900.00 100.00 10.50 81.00 62.00 455.00 232.00 58.00 0.00 194.00 910.00 46.00 840.00 32.50 315.00 99.00 610.00 80.00 126.00 200.00 62.00 455.00 425.00 87.00 52.00 75.00 1,420.00 0.00 150.00 0.00 66.00 192.00 84.00 128.00 52.00 70.00 57.00 440.00 475.00 94.00 122.00 67.00 36.50 92.00 134.00 350.00 138.00 23.50 1,040.00 85.00 400.00 72.00 375.00 670.00 118.00 770.00 38.50 % Chg 4.00 0.00 0.00 0.00 0.00 6.58 3.33 2.25 0.00 5.45 0.00 -2.02 0.00 0.00 0.00 -1.52 1.61 5.32 0.00 2.56 -4.55 0.00 0.00 0.00 0.00 0.00 -5.45 1.35 0.00 0.00 1.35 0.00 1.54 0.00 3.70 -4.48 1.96 -1.41 1.79 0.00 0.00 1.08 0.00 -2.90 2.82 1.10 0.00 0.00 0.00 2.17 0.00 0.00 2.56 1.41 0.00 1.52 0.00 -1.28 -2.53 Volume 16,310,700 362,183 6,000 126,695 282,571 10,336,715 5,505,723 1,299,503 966,933 58,640 126,530 1,500 811,850 45,000 24,881 100 37,990 2,000 2,706,350 51,250 500 2,414,801 110 6,099 77,500 25,532 82,869 6,765 50 1,789,129 3,992 1,620,637 35 16,685,539 3,780,370 994,822 230 771,533 718,640 85,000 4,553,259 5,873,382 299,599 1,250 10,000 84,198 16,065,229 2,004,457 1,123,258 29,619 4,377,388 10 31,187 13,500 1,105,998 3,383,291 OMAN Company Name Voltamp Energy Saog United Finance Co United Power Co United Power/Energy Co- Pref Al Madina Investment Co Taageer Finance Salalah Port Services A’saffa Foods Saog Sohar Poultry Shell Oman Marketing Shell Oman Marketing - Pref Smn Power Holding Saog Al Shurooq Inv Ser Al Sharqiya Invest Holding Sohar Power Co Salalah Beach Resort Saog Salalah Mills Co Sahara Hospitality Renaissance Services Saog Raysut Cement Co Port Service Corporation Packaging Co Ltd Oman United Insurance Co Oman Textile Holding Co Saog Oman Telecommunications Co Sweets Of Oman Oman Orix Leasing Co. Oman Refreshment Co Oman Packaging Oman Oil Marketing Company 0Man Oil Marketing Co-Pref Oman National Investment Co Oman National Engineering An Oman National Dairy Products Ominvest Oman Medical Projects Oman Ceramic Com Oman Intl Marketing Oman Investment & Finance Hsbc Bank Oman Oman Hotels & Tourism Co Oman Holding International Oman Fiber Optics Oman Flour Mills Oman Filters Industry Oman Fisheries Co Oman Education & Training In Oman & Emirates Inv(Om)50% Oman & Emirates Inv(Emir)50% Oman Europe Foods Industries Oman Cement Co Oman Chlorine Oman Chromite Oman Cables Industry Oman Agricultural Dev Omani Qatari Telecommunicati National Securities Oman Foods International Soa National Pharmaceutical-Rts National Pharmaceutical National Packaging Fac National Mineral Water National Hospitality Institu National Gas Co National Finance Co National Detergents/The National Carpet Factory National Bank Of Oman Saog National Biscuit Industries National Real Estate Develop Natl Aluminium Products Muscat Thread Mills Co Muscat Insurance Company Modern Poultry Farms Muscat National Holding Musandam Marketing & Invest Al Maha Petroleum Products M Muscat Gases Company Saog Majan Glass Company Muscat Finance Al Kamil Power Co Interior Hotels Hotels Management Co Interna Al-Hassan Engineering Co Gulf Stone Gulf Mushroom Company Gulf Invest. Serv. Pref-Shar Gulf Investments Services Gulf International Chemicals Gulf Hotels (Oman) Co Ltd Global Fin Investment Galfar Engineering&Contract Galfar Engineering -Prefer Financial Services Co. Flexible Ind Packages Lt Price 0.41 0.15 1.82 1.00 0.00 0.15 0.65 0.78 0.21 2.00 1.05 0.66 1.04 0.20 0.38 1.38 1.49 2.45 0.48 1.86 0.32 0.48 0.33 0.27 1.76 1.35 0.15 2.45 0.26 2.22 0.25 0.39 0.30 0.00 0.43 0.00 0.45 0.52 0.25 0.00 0.23 0.00 5.51 0.58 0.00 0.07 0.14 0.14 0.00 1.00 0.51 0.56 3.64 2.02 1.45 0.00 0.17 0.52 0.00 0.10 0.00 0.06 2.05 0.59 0.15 0.70 0.00 0.37 3.75 0.00 0.34 0.16 0.00 0.00 1.86 0.00 2.16 0.83 0.24 0.15 0.31 0.00 1.25 0.13 0.08 0.43 0.15 0.17 0.20 10.50 0.12 0.18 0.43 0.16 0.00 % Chg 2.00 0.66 0.00 0.00 0.00 1.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.14 0.00 0.00 0.00 0.00 1.70 0.00 0.00 0.00 1.88 0.00 0.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.47 0.00 0.00 0.00 4.24 0.00 0.00 0.00 0.00 0.00 0.00 8.82 1.43 7.09 0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.34 0.00 0.00 0.00 2.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.76 0.00 0.00 0.00 6.33 1.00 0.00 2.63 5.33 0.00 0.00 0.00 Volume 17,034 421,214 6,541 100 3,968,880 912,997 40,000 475,000 303,425 100 70,426 3,063,819 1,800 79,300 21,841 5,135,046 52,000 16,836 1,778,506 47,516 1,378,090 7,500 8,484,603 651,480 8,330,747 964,091 - Company Name Financial Corp/The Dhofar Tourism Dhofar Poultry Aloula Co Dhofar Intl Development Dhofar Insurance Dhofar University Dhofar Power Co Dhofar Power Co-Pfd Dhofar Fisheries & Food Indu Dhofar Cattlefeed Al Batinah Dev & Inv Dhofar Beverages Co Computer Stationery Inds Construction Materials Ind Cement & Gypsum Pro Marine Bander Al-Rowdha Bank Sohar Bankmuscat Saog Bank Dhofar Saog Al Batinah Hotels Majan College Areej Vegetable Oils Al Jazeera Steel Products Co Al Sallan Food Industry Acwa Power Barka Saog Al-Omaniya Financial Service Taghleef Industries Saog Gulf Plastic Industries Co Al Jazeera Services Al Jazerah Services -Pfd Al-Fajar Al-Alamia Co Ahli Bank Abrasives Manufacturing Co S Al-Batinah Intl Saog Lt Price 0.13 0.49 0.18 0.53 0.53 0.23 1.47 0.00 0.00 1.28 0.18 0.21 0.26 0.25 0.04 0.00 0.00 0.23 0.63 0.36 1.13 0.50 5.51 0.34 0.00 0.82 0.33 0.00 0.39 0.35 0.55 0.75 0.23 0.05 0.00 % Chg 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.99 0.00 0.00 2.70 0.00 0.00 0.87 2.61 1.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.34 0.00 0.00 3.15 0.00 0.00 Volume 755,529 29,473 1,003,447 3,320,864 434,179 162,715 250,000 219,819 8,953 - UAE Company Name National Takaful Company Waha Capital Pjsc Union Insurance Co Union National Bank/Abu Dhab United Insurance Company Union Cement Co United Arab Bank Abu Dhabi National Takaful C Abu Dhabi National Energy Co #N/A Invalid Security Sorouh Real Estate Company Sharjah Insurance Company Sharjah Cement & Indus Devel Ras Al Khaima Poultry Ras Al Khaimah White Cement Rak Properties Ras Al-Khaimah National Insu Ras Al Khaimah Ceramics Ras Al Khaimah Cement Co National Bank Of Ras Al-Khai Ooredoo Qsc Umm Al Qaiwain Cement Indust Oman & Emirates Inv(Emir)50% National Marine Dredging Co National Corp Tourism & Hote Sharjah Islamic Bank National Bank Of Umm Al Qaiw National Bank Of Fujairah National Bank Of Abu Dhabi Methaq Takaful Insurance #N/A Invalid Security Gulf Pharmaceutical Ind-Julp Invest Bank Insurance House Gulf Medical Projects Gulf Livestock Co Green Crescent Insurance Co Gulf Cement Co Foodco Holding Finance House First Gulf Bank Fujairah Cement Industries Fujairah Building Industries Emirates Telecom Corporation Eshraq Properties Co Pjsc Emirates Insurance Co. (Psc) Emirates Driving Company Al Dhafra Insurance Co. P.S. Dana Gas Commercial Bank Internationa Bank Of Sharjah Abu Dhabi Natl Co For Buildi Al Wathba National Insurance Intl Fish Farming Co Pjsc Arkan Building Materials Co Aldar Properties Pjsc Al Ain Ahlia Ins. Co. Al Khazna Insurance Co Agthia Group Pjsc Al Fujairah National Insuran Abu Dhabi Ship Building Co Abu Dhabi National Insurance Abu Dhabi National Hotels Abu Dhabi Islamic Bank Abu Dhabi Commercial Bank Abu Dhabi Aviation Lt Price 0.82 3.15 1.19 5.76 2.00 1.30 7.00 7.24 0.82 0.00 0.00 3.85 1.20 1.27 1.50 0.80 3.80 2.95 0.98 8.05 143.50 1.23 1.17 6.90 6.30 1.84 3.50 4.85 13.60 0.78 0.00 2.98 3.00 1.00 2.00 2.70 0.72 1.10 4.00 3.45 17.70 1.35 1.45 11.10 0.82 7.00 5.00 7.70 0.49 1.75 1.86 0.78 5.35 7.48 1.07 2.62 60.00 0.36 6.02 300.00 1.90 6.08 3.75 5.30 7.17 3.00 % Chg 0.00 1.29 0.00 0.00 0.00 0.00 0.00 0.00 2.50 0.00 0.00 0.00 0.00 0.00 0.00 6.67 0.00 0.00 2.08 0.63 0.00 0.00 0.00 0.00 0.00 0.55 0.00 0.00 1.87 5.41 0.00 -6.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.61 0.00 0.00 0.00 3.80 0.00 0.00 0.00 4.26 0.00 0.00 0.00 0.00 0.00 -2.73 5.65 0.00 -10.00 -1.15 0.00 9.83 0.00 0.00 0.95 -0.14 0.00 Volume 7,565,941 378,019 5,001 50,000 25,499,891 842,200 95,678 1,296,000 400,576 2,938,651 17,580 20,000 2,941,742 2,235,185 70,801,912 7,418,479 252,240 34,138,004 5,000 1,436 26,686 73,000 595,441 972,027 - BAHRAIN Company Name United Paper Industries Bsc United Gulf Investment Corp United Gulf Bank United Finance Co Trafco Group Bsc Takaful International Co Taib Bank -$Us Securities & Investment Co Seef Properties #N/A Invalid Security Al-Salam Bank Delmon Poultry Co National Hotels Co National Bank Of Bahrain Nass Corp Bsc Khaleeji Commercial Bank Ithmaar Bank Bsc Investcorp Bank -$Us Inovest Co Bsc Intl Investment Group-Kuwait Gulf Monetary Group Global Investment House Kpsc Gulf Finance House Ec Bahrain Family Leisure Co Esterad Investment Co B.S.C. Bahrain Duty Free Complex Bahrain Car Park Co Bahrain Cinema Co Bahrain Tourism Co Bahraini Saudi Bank/The Bahrain National Holding Bankmuscat Saog Bmmi Bsc Bmb Investment Bank Bahrain Kuwait Insurance Bahrain Islamic Bank Gulf Hotel Group B.S.C Bahrain Flour Mills Co Bahrain Commercial Facilitie Bbk Bsc Bahrain Telecom Co Bahrain Ship Repair & Engin Albaraka Banking Group Banader Hotels Co Ahli United Bank B.S.C Lt Price 0.00 0.00 0.00 0.00 0.22 0.00 0.00 0.00 0.19 0.00 0.14 0.00 0.00 0.85 0.18 0.05 0.17 451.60 0.00 0.00 0.00 0.00 0.00 0.12 0.22 0.88 ` 1.54 0.24 0.00 0.48 0.00 0.88 0.00 0.00 0.15 0.85 0.00 0.00 0.00 0.33 0.00 0.81 0.00 0.80 % Chg 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.15 0.00 0.00 -0.59 -1.69 0.00 3.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Volume 25,097 54,950 557,177 16,300 21,100 273,807 185,000 1,342 27,934 6,000 102,460 10,000 5,200 82,534 12,033 1,882 10,000 18,295 40,000 LATEST MARKET CLOSING FIGURES Gulf Times Wednesday, February 4, 2015 8 BUSINESS DJIA WORLD INDICES Company Name Exxon Mobil Corp Microsoft Corp Johnson & Johnson Wal-Mart Stores Inc General Electric Co Procter & Gamble Co/The Jpmorgan Chase & Co Chevron Corp Pfizer Inc Verizon Communications Inc Coca-Cola Co/The At&T Inc Merck & Co. Inc. Intel Corp Visa Inc-Class A Shares Walt Disney Co/The Intl Business Machines Corp Home Depot Inc Cisco Systems Inc United Technologies Corp 3M Co Boeing Co/The Unitedhealth Group Inc Mcdonald’s Corp American Express Co Nike Inc -Cl B Goldman Sachs Group Inc Du Pont (E.I.) De Nemours Caterpillar Inc Travelers Cos Inc/The Lt Price 91.14 41.13 101.47 86.07 24.31 85.65 56.19 108.63 31.53 47.75 41.53 34.06 60.14 33.46 255.57 93.01 156.33 105.04 26.75 118.02 165.12 147.04 107.24 93.40 82.80 92.55 177.80 72.49 82.80 104.90 % Chg 1.74 -0.38 0.63 0.42 0.41 0.62 1.30 2.42 -0.38 1.64 -0.16 1.47 -1.22 -0.56 0.09 1.17 1.08 0.58 -0.30 1.24 0.43 0.53 -0.05 0.96 0.82 0.69 1.32 1.23 2.42 0.31 6,637,264 16,837,660 3,035,516 1,979,103 11,029,224 3,084,501 6,799,360 4,880,779 6,585,547 8,546,634 3,106,385 12,216,904 2,321,727 9,675,947 927,628 2,734,917 1,460,610 1,694,937 10,036,681 1,327,622 739,646 1,937,017 1,062,950 2,186,239 1,361,837 967,472 1,362,530 1,199,720 4,650,304 669,957 FTSE 100 Company Name Wpp Plc Wolseley Plc Wm Morrison Supermarkets Whitbread Plc Weir Group Plc/The Vodafone Group Plc United Utilities Group Plc Unilever Plc Tullow Oil Plc Tui Ag-New Tui Ag-Di Travis Perkins Plc Tesco Plc Taylor Wimpey Plc Standard Life Plc Standard Chartered Plc St James’s Place Plc Sse Plc Sports Direct International Smiths Group Plc Smith & Nephew Plc Sky Plc Shire Plc Severn Trent Plc Schroders Plc Sainsbury (J) Plc Sage Group Plc/The Sabmiller Plc Rsa Insurance Group Plc Royal Mail Plc Royal Dutch Shell Plc-B Shs Royal Dutch Shell Plc-A Shs Royal Bank Of Scotland Group Rolls-Royce Holdings Plc Rio Tinto Plc Reed Elsevier Plc Reckitt Benckiser Group Plc Randgold Resources Ltd Prudential Plc Persimmon Plc Pearson Plc Old Mutual Plc Next Plc National Grid Plc Mondi Plc Meggitt Plc Marks & Spencer Group Plc London Stock Exchange Group Lloyds Banking Group Plc Legal & General Group Plc Land Securities Group Plc Kingfisher Plc Johnson Matthey Plc Itv Plc Intu Properties Plc Intl Consolidated Airline-Di Intertek Group Plc Intercontinental Hotels Grou Imperial Tobacco Group Plc Hsbc Holdings Plc Hargreaves Lansdown Plc Hammerson Plc Glencore Plc Glaxosmithkline Plc Gkn Plc G4s Plc Friends Life Group Ltd Fresnillo Plc Experian Plc Easyjet Plc Dixons Carphone Plc Direct Line Insurance Group Diageo Plc Crh Plc Compass Group Plc Coca-Cola Hbc Ag-Cdi Centrica Plc Carnival Plc Capita Plc Burberry Group Plc Bunzl Plc Bt Group Plc British Land Co Plc British American Tobacco Plc Bp Plc Bhp Billiton Plc Bg Group Plc Barratt Developments Plc Barclays Plc Bae Systems Plc Babcock Intl Group Plc Aviva Plc Astrazeneca Plc Associated British Foods Plc Ashtead Group Plc Arm Holdings Plc Antofagasta Plc Anglo American Plc Aggreko Plc Admiral Group Plc Aberdeen Asset Mgmt Plc 3I Group Plc Lt Price 1,472.00 3,815.00 186.20 4,969.00 1,850.00 236.05 995.00 2,899.00 415.90 1,134.00 1,162.00 1,974.00 231.00 135.50 407.90 907.70 894.50 1,628.00 715.00 1,174.00 1,176.00 941.00 4,917.00 2,109.00 2,958.00 272.40 480.40 3,576.00 454.00 449.30 2,261.50 2,171.50 374.60 893.50 3,059.00 1,163.00 5,605.00 5,520.00 1,637.00 1,592.00 1,354.00 214.20 7,100.00 930.60 1,209.00 544.00 477.20 2,386.00 74.96 271.40 1,295.00 332.00 3,221.00 222.10 371.90 533.50 2,433.00 2,585.00 3,097.00 616.80 1,040.00 704.50 268.75 1,450.50 376.80 282.40 403.00 882.50 1,183.00 1,731.00 429.20 316.40 1,931.50 1,748.00 1,149.00 1,109.00 295.60 2,936.00 1,117.00 1,771.00 1,893.00 422.50 842.00 3,760.50 448.20 1,551.50 937.90 463.30 248.05 520.00 1,035.00 535.00 4,635.00 3,085.00 1,063.00 1,035.00 705.00 1,170.00 1,621.00 1,468.00 424.00 476.20 % Chg 0.96 1.19 1.80 -0.28 6.69 0.94 -0.60 -0.51 4.24 -0.70 -1.11 3.08 1.16 1.57 1.80 3.03 2.99 0.68 -0.56 2.89 -0.68 1.62 0.35 0.14 1.58 1.91 0.71 -1.37 0.51 2.81 4.19 4.95 2.49 1.07 3.31 0.52 -0.44 -1.34 1.65 1.27 -0.66 2.10 -0.91 -0.36 1.68 0.18 -0.17 1.88 1.75 1.50 0.08 -0.93 -1.53 0.23 0.68 0.76 6.71 -0.81 -1.05 0.72 4.37 0.86 6.18 -0.68 1.43 1.25 1.10 -0.45 1.28 -0.63 0.16 1.57 -0.95 1.75 -0.86 3.45 0.78 0.51 0.18 1.61 0.26 2.28 0.36 -0.17 2.40 4.55 0.40 1.11 5.17 2.56 2.58 1.13 -1.00 -0.93 0.00 -0.48 4.91 4.09 0.87 0.62 -3.66 2.39 Volume 1,697,735 489,680 10,259,009 430,606 1,129,088 29,908,167 1,385,118 2,209,247 8,357,954 1,662,303 406,790 524,243 22,700,835 8,864,310 2,398,763 9,840,998 999,621 2,003,046 671,472 924,260 1,750,172 2,915,084 1,122,207 481,695 203,128 5,216,465 1,572,249 1,962,812 3,222,964 2,128,536 4,452,470 6,709,908 9,287,440 4,303,291 6,202,471 1,916,009 851,689 430,231 1,710,887 701,209 1,990,133 7,622,646 329,370 5,616,599 809,913 993,650 2,905,919 397,412 79,478,803 5,321,305 1,240,776 4,481,702 489,399 5,395,210 1,685,660 5,440,886 899,786 616,767 1,011,682 13,048,342 1,007,263 1,271,378 47,660,125 7,835,612 3,353,792 1,278,352 7,147,892 1,065,749 1,467,299 1,560,469 3,880,100 2,259,512 2,924,332 5,303,297 2,753,327 822,593 12,328,146 615,385 2,739,751 949,705 334,648 7,337,205 1,842,964 1,833,502 54,511,204 10,672,341 14,006,329 2,259,436 48,291,336 6,594,447 1,374,774 6,876,389 1,551,756 488,747 1,536,846 3,650,719 2,961,643 8,511,131 425,010 397,751 7,065,625 1,246,333 TOKYO Company Name Inpex Corp Daiwa House Industry Co Ltd Sekisui House Ltd Kirin Holdings Co Ltd Japan Tobacco Inc Seven & I Holdings Co Ltd Toray Industries Inc Asahi Kasei Corp Sumitomo Chemical Co Ltd Shin-Etsu Chemical Co Ltd Mitsubishi Chemical Holdings Kao Corp Takeda Pharmaceutical Co Ltd Astellas Pharma Inc Eisai Co Ltd Daiichi Sankyo Co Ltd Fujifilm Holdings Corp Shiseido Co Ltd Jx Holdings Inc Lt Price 1,381.50 2,129.50 1,489.00 1,560.50 3,195.50 4,339.00 996.50 1,157.00 499.00 7,672.00 606.20 5,048.00 5,776.00 1,845.00 5,915.00 1,759.50 3,871.00 1,800.50 452.20 % Chg 6.89 -1.73 -1.16 -1.55 -0.45 0.54 -1.97 -3.18 -1.96 -2.22 -1.32 -1.96 -1.90 -0.38 -3.29 0.57 -1.25 0.22 3.19 Indices Volume Volume 8,286,200 2,194,200 4,390,700 4,008,900 5,789,400 3,356,200 9,173,000 5,419,000 16,959,000 1,200,000 9,865,100 2,306,500 4,121,200 9,155,400 4,389,000 6,595,200 2,846,700 2,931,900 18,461,100 Lt Price Change Dow Jones Indus. Avg S&P 500 Index Nasdaq Composite Index S&P/Tsx Composite Index Mexico Bolsa Index Brazil Bovespa Stock Idx Ftse 100 Index Cac 40 Index Dax Index Ibex 35 Tr 17,544.96 2,028.92 4,688.68 15,032.50 41,737.87 48,787.14 6,866.14 4,678.72 10,893.96 10,587.60 +183.92 +8.07 +11.99 +132.03 +787.29 +1,136.41 +83.59 +51.05 +65.95 +259.50 Nikkei 225 Japan Topix Hang Seng Index All Ordinaries Indx Nzx All Index Bse Sensex 30 Index Nse S&P Cnx Nifty Index Straits Times Index Karachi All Share Index Jakarta Composite Index 17,335.85 1,392.39 24,554.78 5,666.21 1,161.61 29,000.14 8,756.55 3,408.02 25,031.12 5,291.72 -222.19 -16.36 +70.04 +79.68 +4.65 -122.13 -40.85 -15.33 +150.36 +15.48 TOKYO Company Name Bridgestone Corp Asahi Glass Co Ltd Nippon Steel & Sumitomo Meta Sumitomo Metal Industries Kobe Steel Ltd Jfe Holdings Inc Sumitomo Metal Mining Co Ltd Sumitomo Electric Industries Smc Corp Komatsu Ltd Kubota Corp Daikin Industries Ltd Hitachi Ltd Toshiba Corp Mitsubishi Electric Corp Nidec Corp Nec Corp Fujitsu Ltd Panasonic Corp Sharp Corp Sony Corp Tdk Corp Keyence Corp Denso Corp Fanuc Corp Rohm Co Ltd Kyocera Corp Murata Manufacturing Co Ltd Nitto Denko Corp Mitsubishi Heavy Industries Nissan Motor Co Ltd Toyota Motor Corp Honda Motor Co Ltd Suzuki Motor Corp Nikon Corp Hoya Corp Canon Inc Ricoh Co Ltd Dai Nippon Printing Co Ltd Nintendo Co Ltd Itochu Corp Marubeni Corp Mitsui & Co Ltd Tokyo Electron Ltd Sumitomo Corp Mitsubishi Corp Aeon Co Ltd Mitsubishi Ufj Financial Gro Resona Holdings Inc Sumitomo Mitsui Trust Holdin Sumitomo Mitsui Financial Gr Bank Of Yokohama Ltd/The Mizuho Financial Group Inc Orix Corp Daiwa Securities Group Inc Nomura Holdings Inc Sompo Japan Nipponkoa Holdin Ms&Ad Insurance Group Holdin Dai-Ichi Life Insurance Tokio Marine Holdings Inc T&D Holdings Inc Mitsui Fudosan Co Ltd Mitsubishi Estate Co Ltd Sumitomo Realty & Developmen East Japan Railway Co West Japan Railway Co Central Japan Railway Co Ana Holdings Inc Nippon Telegraph & Telephone Kddi Corp Ntt Docomo Inc Tokyo Electric Power Co Inc Chubu Electric Power Co Inc Kansai Electric Power Co Inc Tohoku Electric Power Co Inc Kyushu Electric Power Co Inc Tokyo Gas Co Ltd Secom Co Ltd Yamada Denki Co Ltd Fast Retailing Co Ltd Softbank Corp Lt Price 4,480.50 620.00 279.50 0.00 200.00 2,479.00 1,703.50 1,519.00 31,205.00 2,369.50 1,705.00 8,126.00 864.90 467.10 1,332.00 7,856.00 321.00 692.80 1,357.50 245.00 2,697.50 7,630.00 57,430.00 5,251.00 19,700.00 7,640.00 5,151.00 12,590.00 7,313.00 649.10 1,010.00 7,550.00 3,593.50 3,620.50 1,520.00 4,480.00 3,669.50 1,122.00 1,054.00 11,225.00 1,199.50 662.50 1,556.00 8,045.00 1,185.50 2,114.00 1,244.00 622.00 578.90 406.30 3,912.50 642.20 191.00 1,312.50 833.00 623.00 3,243.00 2,849.50 1,561.50 3,990.00 1,321.00 2,965.00 2,330.00 3,732.50 9,130.00 6,289.00 19,730.00 315.50 6,933.00 7,821.00 1,972.00 475.00 1,440.00 1,047.50 1,469.00 1,071.00 713.60 6,850.00 441.00 42,185.00 6,957.00 % Chg -3.28 -0.80 0.72 0.00 -2.44 -2.57 -0.09 -0.72 -1.51 1.96 -2.10 -1.10 -1.38 -0.23 -3.76 -2.88 -1.23 1.01 0.74 5.60 -0.04 -2.55 2.59 0.00 -1.10 1.19 -0.35 -3.41 -1.84 -1.34 -0.39 -1.44 -2.87 -2.75 2.22 -4.00 -1.16 0.22 -0.57 -1.92 0.08 0.81 2.37 -1.05 0.89 2.40 -0.04 -0.48 -0.48 -1.67 -0.89 2.15 -0.73 -2.42 -1.30 -1.33 -0.09 -0.23 1.07 -1.97 0.96 -1.45 -1.94 -1.37 -2.59 -1.52 -2.21 -1.62 -0.34 -2.89 -0.25 -1.45 -3.90 -1.55 -1.28 -1.47 -1.01 0.03 0.68 -2.02 -1.05 Volume 6,250,300 5,237,000 48,609,000 44,712,000 4,184,100 3,300,000 3,432,300 211,600 7,467,900 4,185,000 1,040,400 19,657,000 18,872,000 13,866,000 2,057,800 40,615,000 23,123,000 9,244,400 55,923,000 12,261,100 1,460,400 266,200 2,578,600 908,800 911,600 1,021,000 1,473,000 2,205,300 17,179,000 9,387,300 10,081,000 9,361,400 2,505,500 5,620,100 2,367,100 4,979,900 6,189,400 1,771,000 720,800 8,202,500 12,823,600 12,905,800 648,100 5,662,400 7,759,900 4,054,500 43,566,600 10,231,800 35,907,000 9,646,800 6,636,000 141,490,200 16,288,200 12,756,000 24,518,200 2,128,300 1,596,000 5,921,100 2,860,500 2,804,700 4,069,000 5,288,000 2,695,000 1,374,800 1,097,500 494,100 26,220,000 3,003,400 3,229,700 6,848,300 18,560,400 4,529,900 4,499,200 1,952,900 2,879,200 9,000,000 838,000 5,627,300 517,600 7,522,600 SENSEX Company Name Zee Entertainment Enterprise Wipro Ltd Ultratech Cement Ltd Tech Mahindra Ltd Tata Steel Ltd Tata Power Co Ltd Tata Motors Ltd Tata Consultancy Svcs Ltd Sun Pharmaceutical Indus State Bank Of India Sesa Sterlite Ltd Reliance Industries Ltd Punjab National Bank Power Grid Corp Of India Ltd Oil & Natural Gas Corp Ltd Ntpc Ltd Nmdc Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Lupin Ltd Larsen & Toubro Ltd Kotak Mahindra Bank Ltd Jindal Steel & Power Ltd Itc Ltd Infosys Ltd Indusind Bank Ltd Idfc Ltd Icici Bank Ltd Housing Development Finance Hindustan Unilever Ltd Hindalco Industries Ltd Hero Motocorp Ltd Hdfc Bank Limited Hcl Technologies Ltd Grasim Industries Ltd Gail India Ltd Dr. Reddy’s Laboratories Dlf Ltd Coal India Ltd Cipla Ltd Cairn India Ltd Bharti Airtel Ltd Bharat Petroleum Corp Ltd Bharat Heavy Electricals Bank Of Baroda Bajaj Auto Ltd Axis Bank Ltd Asian Paints Ltd Ambuja Cements Ltd Acc Ltd Lt Price 373.10 621.55 3,107.55 2,919.15 381.10 87.35 603.30 2,558.25 941.25 300.30 210.70 937.60 176.85 147.20 359.45 144.00 141.45 3,607.85 1,199.20 1,546.35 1,722.50 1,306.30 152.10 366.05 2,120.90 861.35 173.25 346.60 1,230.15 910.85 146.45 2,812.40 1,064.10 1,900.25 3,887.95 434.10 3,087.15 170.10 356.65 677.40 245.35 371.55 727.40 297.10 185.05 2,260.75 586.60 814.70 245.05 1,508.60 % Chg 0.36 -0.57 0.66 0.83 -0.72 -4.17 1.82 1.75 1.31 -2.34 6.31 3.25 -7.79 -0.44 2.74 1.37 0.07 -1.68 -3.38 -0.54 -0.73 -3.41 -1.71 1.50 -0.75 -1.51 -1.70 -1.49 -3.08 0.31 0.83 -0.73 -1.62 0.49 2.09 0.95 -1.65 -1.65 0.44 -2.60 4.09 3.41 -2.84 1.11 -1.49 -3.77 -4.97 0.82 -1.69 -1.07 Volume 1,079,300 1,679,667 424,065 656,911 4,340,021 3,803,000 6,694,581 1,263,632 2,376,157 27,536,006 8,771,704 4,339,784 26,866,025 838,170 5,586,474 6,903,659 1,425,313 247,748 2,447,902 944,784 2,097,607 1,606,485 3,301,082 5,011,360 1,390,060 1,162,440 7,592,967 24,878,904 2,725,527 1,658,862 7,122,502 444,660 3,160,457 2,186,947 181,109 2,330,323 546,786 8,487,525 9,507,901 951,073 3,513,611 4,017,683 1,751,812 3,628,765 9,109,014 773,023 10,529,200 3,424,075 2,340,714 1,467,357 A man looks at monitors showing the general index and a stock ticker showing stock options gaining large amounts inside the Athens Stock Exchange yesterday. The Greek stock market soared by more than 11.3% for the day. Europe markets rally on Greek debt hopes AFP London E urope’s main stock markets rallied yesterday, recording a second day of gains on hopes of a deal being struck on Greece’s debt, with a rebound in oil prices helping energy shares. The Greek stock market soared by more than 11.3% after Athens elaborated on its plans that would see repayment of its huge international bailout loans delayed but avoid a politically sensitive write-off of the debt. London’s FTSE 100 rose 1.32% to 6,871.80 points, in Paris the CAC 40 rose 1.09% to 4,677.90 points, and Frankfurt’s DAX 30 index climbed 0.58% to a record high close of 10,890.95 points. Madrid spiked 2.32% higher and Milan 2.57%. The euro leapt to $1.1456 from $1.1343 late in New York late on Monday. “Global equity markets extended gains in today’s trading session and climbed higher following a strong rebound in crude oil prices and as concerns regarding Greece’s uncertainty eased,” said analyst Myrto Sokou at Sucden Research. Greece’s new anti-austerity leaders flew into Rome yesterday to build sup- port for new proposals aimed at ending a stand-off with the country’s eurozone partners which footed the bill for the country’s bailout. In an interview with the Financial Times, Greek Finance Minister Yanis Varoufakis said the leftist-dominated government in Athens would be making proposals for “a menu of debt swaps” that would avoid the need for any of the country’s mountain of foreign debt to be written off. “Greece’s problems are far from over but as far as the markets are concerned calm has been restored,” said David Madden, market analyst at IG trading group. On the corporate front, the energy sector won support from signs of recovery in the oil market. “The bounce in oil has boosted shares in the commodity sector and this theme could continue for some time yet,” noted Fawad Razaqzada, analyst at Forex.com. “Oil prices have rebounded strongly over the past three trading sessions on signs that producers are cutting back output.” European benchmark Brent North Sea crude for delivery in March jumped $1.20 to $55.94 per barrel in late London trading, while West Texas Intermediate (WTI) for March won $1.15 to $50.72. Shares in BP jumped by 2.78% to 449.85 pence, lifted also by better- HONG KONG HONG KONG Company Name Aluminum Corp Of China Ltd-H Bank Of East Asia Bank Of China Ltd-H Bank Of Communications Co-H Belle International Holdings Boc Hong Kong Holdings Ltd Cathay Pacific Airways Cheung Kong Holdings Ltd China Coal Energy Co-H China Construction Bank-H China Life Insurance Co-H China Merchants Hldgs Intl China Mobile Ltd China Overseas Land & Invest China Petroleum & Chemical-H China Resources Enterprise China Resources Land Ltd China Resources Power Holdin China Shenhua Energy Co-H China Unicom Hong Kong Ltd Citic Ltd Clp Holdings Ltd Cnooc Ltd Cosco Pacific Ltd Esprit Holdings Ltd Fih Mobile Ltd Hang Lung Properties Ltd Hang Seng Bank Ltd Henderson Land Development than-expected earnings revealed by the British energy group. The company meanwhile joined sector peers in announcing that it plans to slash investment this year as the recent plunge in crude prices bites into group profits. Spending in 2015 was expected to total about $20bn, down from a previous guidance of $24-26bn, BP said in a results statement. And smaller British rival BG Group revealed it would cut investment by about $3.0bn this year. Royal Dutch Shell gained 5.36% to 2,180pence, and Tullow Oil climbed 4.61 pence. In Paris, shares in Total rose 2.72% to €48.28. Mining stocks benefitted from Australia’s central bank cut interest rates to a record low 2.25%, which sent the Aussie dollar lower. Shares in Glencore soared 6.42% to 269.35 pence and BHP Billiton gained 5.02% to 1,558.50 pence. Shares in Anglo American climbed 4.09% to 1,170pence and Rio Tinto climbed 3.88% to 3,076pence. “Mining companies including BHP Billiton and Rio Tinto with large Australian operations benefited from an overnight rate cut from the Reserve Bank of Australia which sent production costs tumbling alongside the Australian dollar,” said analyst Jasper Lawler at CMC Markets UK. Lt Price 3.46 31.90 4.32 6.50 8.66 27.20 17.32 148.80 4.19 6.24 31.25 28.00 103.00 23.25 6.18 16.62 19.60 21.40 21.20 11.94 13.22 68.25 10.64 11.04 8.74 3.51 22.50 136.40 55.50 % Chg -0.29 -0.93 0.70 0.62 -0.80 -0.91 -3.67 -0.53 0.72 1.30 4.52 -1.75 -0.87 1.97 1.81 -1.07 -0.20 -0.93 0.24 1.70 -0.60 -1.09 3.50 -1.08 0.92 0.29 -1.53 0.00 -1.77 Volume 15,448,961 1,444,061 255,899,481 23,894,993 9,706,109 7,670,390 6,610,983 4,174,299 21,783,209 132,973,820 52,640,476 5,029,416 11,706,020 21,160,571 111,305,547 3,832,450 14,995,223 4,398,785 15,146,703 34,378,330 11,754,320 1,751,307 146,854,090 2,822,057 4,864,357 3,932,620 4,601,355 1,262,386 2,358,827 Company Name Hong Kong & China Gas Hong Kong Exchanges & Clear Hsbc Holdings Plc Hutchison Whampoa Ltd Ind & Comm Bk Of China-H Li & Fung Ltd Mtr Corp New World Development Petrochina Co Ltd-H Ping An Insurance Group Co-H Power Assets Holdings Ltd Sino Land Co Sun Hung Kai Properties Swire Pacific Ltd-A Tencent Holdings Ltd Wharf Holdings Ltd Lt Price 17.66 178.70 71.50 104.10 5.58 7.45 34.20 9.36 8.60 83.40 82.00 12.74 125.00 103.80 135.10 61.25 % Chg -0.90 -0.22 0.35 -0.57 1.45 -1.06 0.59 0.65 1.90 3.35 0.31 -3.04 -1.88 -0.67 -0.52 -2.47 Volume 6,810,099 2,521,756 11,399,853 4,187,144 165,048,689 22,735,046 3,018,445 35,504,746 110,369,411 25,893,173 1,719,323 7,664,598 4,280,430 1,072,551 14,377,641 6,465,065 GCC INDICES Indices Doha Securities Market Saudi Tadawul Kuwait Stocks Exchange Bahrain Stock Exchage Oman Stock Market Abudhabi Stock Market Dubai Financial Market Lt Price 12,279.37 9,227.36 6,695.30 1,424.79 6,648.84 4,591.73 3,893.65 Change +161.67 +14.22 +41.71 +2.04 +75.17 +65.27 +94.47 “Information contained herein is believed to be reliable and had been obtained from sources believed to be reliable. The accuracy and completeness cannot be guaranteed. This publication is for providing information only and is not intended as an offer or solicitation for a purchase or sale of any of the financial instruments mentioned. Gulf Times and Doha Bank or any of their employees shall not be held accountable and will not accept any losses or liabilities for actions based on this data.” CURRENCIES DOLLAR QATAR RIYAL SAUDI RIYAL UAE DIRHAMS BAHRAINI DINAR KUWAITI DINAR 14 Gulf Times Wednesday, February 4, 2015 BUSINESS Political agendas and global energy market By Denise Marray Gulf Times Correspondent London A nalysing the political and market forces that have an impact on oil and gas prices is no easy task, but what is clear is that there is no shortage of conspiracy theories swirling around the energy sector. Michael Bradshaw, Professor of Global Energy at Warwick Business School (WBS) when asked for his views on the political drivers affecting oil and gas prices said: “It certainly serves the interests of the United States and its allies to have a low oil price as part of the problems that Russia is facing. But whether producers would go for a self-inflicted injury in terms of driving down the price is another matter. The Russians see a conspiracy between the Americans and the Saudis to ‘get at’ them and Iran. That, of course, runs contradictory to the line of argument that Opec is doing this to cause pain to tight oil producers in the US. It’s undoubtedly a combination of politics and economics.” Russia is paying a high price for inciting hostility over its policy on Ukraine at a time of global downward pressure on oil and gas prices. As Bradshaw noted: “Twelve months ago we were living in a different world. The Russian government liberalised the export of LNG and there were a variety of projects. Those projects have fallen foul of sanctions and the hardening attitudes of, for example, Japanese buyers, to buying LNG from Russia due to the sanctions. There are no sanctions as such on LNG but it’s a reputational issue. Russia at the moment has only one functioning LNG project, Sakhalin II.” In the UK, party politics, particularly in the run-up to the General Election in Bradshaw: Seeing structural change in the energy sector. May, are having an impact on companies such as Cuadrilla that are intent on finding out whether shale extraction within these shores is a viable business. Caudrilla, formed in 2007 as a privately owned exploration and production company, receives funding for its exploration phase costs from British multinational utility company Centrica plc. Cuadrilla is now seven months into a process of applying for permission to search for shale gas in Lancashire, but following a deferral last week it now faces another 8 weeks of delay before the outcome of its application to drill up to 8 exploratory wells at two sites is known. During a debate in the House of Common’s on the Infrastructure Bill last week, the Government was forced into accepting a Labour amendment to stop fracking going ahead unless a series of tough conditions are first met. Labour’s amendment included establishing 13 specifications, without which no shale gas extraction could take place anywhere in the UK. The Bill will now return to the Lords for further scrutiny and it remains to be seen what the outcome on the legislation governing the industry will be. In the aftermath of this debate, the Scottish Government has placed its own moratorium on fracking while a public enquiry is held. Bradshaw commented that while Labour’s intervention was signalled some time ago, the timing might be politically motivated to appease the Green vote. “The government maintains that many of the amendments were actually planned anyway, but things like a twelve month environmental monitoring ahead of drilling is bound to slow the progress down – we will have to wait and see if it finally becomes law.” He pointed out that all three major parties are in principle supportive of developing a shale gas industry. “The three main parties in principle support shale gas drilling, although the greatest enthusiasm is on the part of the Conservative Party, particularly on the part of the Treasury. I think the Liberal Democrats have always been a bit more realistic about the prospects – if anyone is trying to make it an election issue it is probably the Labour Party.” Bradshaw said that it is important to remember that at this stage the viability of a shale gas industry in the UK is not yet known: “The industry in the UK is at a very, very, early stage. We need to get through a phase of exploration and appraisal drilling at the existing sites. We are also in the midst of a new licensing round and we don’t know the results of that yet. During this year we may see more licences awarded through the 14th Landward Licensing Round, and we may see some progress on the licences from the 13th round that include Cuadrilla’s licences.” He added: “The hope is that everyone, both regulators and industry, can learn from Cuadrilla’s experience and that future attempts to get drilling approval will go better.” Looking ahead, he said that if carbon budgets tied to climate change policies are to be adhered to there will have to be a global move away from the use of fossil fuels. Such a structural change in the energy sector, he observed, may already be in its infancy particularly as it is noted that emerging economies are seeking to be more energy efficient and less reliant on oil. GE and Pfizer face $506bn foreign-cash tax in Obama plan Bloomberg New York T he US companies including General Electric Co, Microsoft Corp and Pfizer would pay $506bn over the next decade under President Barack Obama’s proposal to encourage them to bring back profits held overseas. That trio tops the list of Standard & Poor’s 500 Index companies in earnings reinvested outside the US, according to Bloomberg Intelligence analysts Brian Friel and Tiffany Young. Obama’s budget estimates the stockpile of corporate earnings outside the US at about $2tn. US business lobbyists have been seeking policy changes to help repatriate profits at a rate they deem acceptable. Obama’s plan envisions a levy of 19% for future earnings and a one-time, 14% tax on current profits outside the US. . “The odds start low, but you can see momentum building because the president’s proposal here is the most in-depth proposal” he has offered, Friel said in a telephone interview from Washington. “That’s an indication that he’s serious about engaging with Republicans to try and strike a deal.” Obama’s proposals on future foreign profits and other international tax-code changes would raise an estimated $238bn over the next 10 years, according to an analysis by Friel and Young. The one-time tax on current earnings held abroad would fetch $268bn over the next decade, Friel and Young’s analysis shows. Proceeds from the one-time levy would go to invest in US infrastructure, according to Obama’s budget plan. GE led US companies with about $110bn of earnings reinvested outside of the US as of the end of 2013, according to data compiled by Bloomberg Intelligence. Microsoft held $92.9bn of its profits outside of the US as of June 30, while Pfizer’s total was about $69bn as of December 31, 2013. Joan Campion, a spokeswoman for New York-based Pfizer, declined to comment on Obama’s tax plan. Peter Wootton, a spokesman for Redmond, Washington-based Microsoft, didn’t respond to a voice-mail message left for comment. GE, based in Fairfield, Connecticut, supports comprehensive tax-law changes, including closing loopholes and adopting a rate in line with those of major US trading partners, said Seth Martin, a spokesman. GE keeps foreign earnings outside the US because it needs to reinvest in those operations and because “under current US law we would be taxed twice - overseas at the point of sale and again in the US, essentially charging us more to invest at home than foreign competitors,” Martin said by e-mail. The Information Technology Industry Council in Washington said taxation of overseas earnings “gives us significant pause” and urged the Obama administration and Congress to “give our broken tax code a complete reboot.” CORPORATE RESULTS BP slashes investment as sliding oil prices hit profits Revenue in Spirit’s fuselage business, which contributes half its total revenue, rose 12.4% to $787.6mn. The company’s order backlog rose 7% to $47bn. Spirit disposed of its money-losing Gulfstream wings business to Triumph Group in December. The company paid Triumph $160mn to take over the business, which had been on the block for more than a year. Danske Bank BP yesterday joined a list of energy giants planning to slash investment this year as tumbling oil prices bite into group profits. Spending in 2015 was expected to total about $20bn (€17.6bn), down from a previous guidance of $24-26bn, BP said in a results statement. And smaller British rival BG Group revealed it would cut investment by about $3.0bn this year. “We have now entered a new and challenging phase of low oil prices through the near and medium term,” BP chief executive Bob Dudley said in the earnings statement. “Our focus must now be on resetting BP: managing and rebalancing our capital programme and cost base for the new reality of lower prices while always maintaining safe, reliable and efficient operations.” BP said underlying replacement cost profit—a measure of earnings watched by the market—dropped almost 10% to $12.1bn in 2014 compared with a year earlier. BP booked a $3.6bn net charge in the fourth quarter, which it said reflected “the impact of the near-term lower oil price environment, revisions to reserves and other factors”. As a result it reported a replacement cost loss of $969mn for the final three months of last year. BP’s annual net profit tumbled to $3.78bn from $23.45bn in 2013 but the figure was skewed by a huge one-off gain the previous year earned from the sale of its interest in joint venture TNK-BP to Russia’s Rosneft. The group’s share price rallied despite yesterday’s results, winning 2.54% to 448.80 pence on London’s FTSE 100 index, which was up 1.18% at 6,862.85 points in late morning trade. Emerson Electric Factory automation equipment maker Emerson Electric Co’s quarterly revenue fell slightly due to a strong dollar and divestitures, and the company said it now expected sales to fall 1-4% in 2015. Shares of the company, which had earlier said it expected reported sales to stay flat or rise by 1% in 2015, fell 2% in volatile premarket trading. Emerson blamed a strong dollar, lower oil prices and weakness in Europe, Latin America and the Middle East and Africa region for its weak sales forecast. The company sold its power transmission unit in December to Regal Beloit Corp for $1.44bn, as part of its efforts to focus on its high-growth businesses. Emerson said yesterday that it would spend $100mn on restructuring in 2015, double the amount it had estimated earlier. The restructuring will impact about 1,000 salaried and 1,000 hourly employees, the company said. It was not clear if these employees were being relocated within the company or being offered severance packages. Emerson had about 115,100 employees as of September 30. The company was not immediately available for comment. Emerson’s net earnings attributable to common shareholders rose to $525mn, or 75 cents per share, in the first quarter ended December 31 from $462mn, or 65 cents per share, a year earlier. Spirit AeroSystems Spirit AeroSystems Holdings, which makes fuselages for Boeing Co, reported a better-than-expected quarterly profit as the world’s largest planemaker bumped up production. Spirit also said it expected a full-year 2015 profit of $3.60-$3.80 per share, above the average analyst estimate of $3.60, according to Thomson Reuters I/B/E/S. Boeing, which contributes about 84% of Spirit’s annual revenue, delivered 195 commercial aircraft in the fourth quarter, up from 172 last year, and said it would deliver 750 to 755 commercial planes in 2015. Spirit said ship-set deliveries - or complete sets of parts for each aircraft - to Boeing rose to 172 in the quarter from 154 last year. The company delivered a total of 369 ship sets in the quarter, up from 357 a year ago. Danske Bank has raised its return on equity targets and set a net profit growth forecast for 2015 exceeding last year’s result, hoping its cost controls and a reorganisation across Northern Europe will offset low interest rates in the region. Denmark’s largest bank by market capitalisation reported a smaller-than-expected pretax loss, reflecting higher income from its insurance business and income from increased customer activity. It launched a 5bn Danish crown buyback scheme, proposed a higher than expected dividend and said it would pay more of it net profit in the future in dividends—news which helped push shares up 1.3% to 174.6 crowns each. Danske Bank said it expected to earn more than 14bn crowns in net profit this year compared to the 12.9bn crowns it earned in 2014 before a goodwill impairment charge of 9bn crowns. Ocado British online grocer Ocado reported an annual pretax profit for the first time in its 15 year history yesterday and said it aimed this year to seal its first technology deal with an overseas retailer. Ocado, founded by three former Goldman Sachs bankers in 2000, has divided analysts like few other stocks, with some viewing its door-step deliveries from giant distribution centres as the future of grocery shopping and others seeing it as a costly and complicated venture that will never make much money. The company, whose investors have included Jorn Rausing and former US vice-president Al Gore, signed its first third-party deal in 2013 to carry out online orders for British grocer Morrisons, and believes it can also help foreign retailers to ramp up their online businesses. “We are targeting to sign the first such agreement during 2015 although there is no guarantee we can meet this timeline,” Chief Executive Tim Steiner told reporters, adding he was talking to parties in Europe, North and Latin America and Asia. Ocado shares, which have had a rollercoaster ride since they debuted at 180 pence apiece in 2010, were up 3.1% to 428.3 pence at 1000 GMT. “Investor willingness to be short of the shares may diminish in the months ahead given management’s clearer optimism regarding a deal being signed,” said Barclays analysts, who have a “neutral” rating on the stock. Panasonic Japanese electronics giant Panasonic said yesterday it was still on track to book a $1.19bn annual profit, despite a drop in nine-month earnings due to one-time gains a year earlier. The Osaka-based company’s earnings for the April-December period came to ¥140.4bn, down 42% from a year earlier, while revenue ticked up 1.0% to ¥5.7tn. But it said it still expects to post a ¥140bn profit in the fiscal year to March, pointing to strength in its energy and auto units, while a sharp drop in the yen also provided strong support. “Sales of solar panels for homes continued to be stable in Japan, and demand (in the) automotiverelated business steadily increased in its global market,” the firm said in a statement. “Yen depreciation also contributed to the overseas sales increase.” After posting record losses, Panasonic along with rivals Sony and Sharp have launched painful restructuring as falling prices in the television business weighed on their bottom line. As it moves away from consumer products, Panasonic is pulling the plug on its last remaining TV manufacturing factory in China and will reportedly sell its plant in Mexico owing to a sharp decline in television prices—its TV business has lost money over the last six years. MUFG Mitsubishi UFJ Financial Group, Japan’s largest lender by assets, reported an 18% rise in ninemonth profit, with aggressive overseas expansion offsetting continued weakness in domestic lending. MUFG, which acquired Bank of Ayudhya, Thailand’s fifth-largest lender, in 2013, has been faring better than its Japanese rivals due to its larger business activities in the US and in Asia outside Japan. The bank said yesterday net profit came in at ¥927bn($7.9bn) for the April-December period, up from ¥785.4bn a year earlier. The bank’s profit growth came despite the headwinds Japanese banks are facing after the Bank of Japan’s additional monetary easing pushed down ultra-low interest rates even more. MUFG owns California-based Union Bank and a roughly 20% stake in US investment bank Morgan Stanley. The bank kept its full-year net profit forecast at ¥950bn, down 3.5% from the previous year. UPM UPM-Kymmene, the world’s largest maker of graphic paper such as newsprint and magazine paper, beat quarterly profit forecasts and annual dividend expectations yesterday following deep cost cutting in Europe. The Finnish company posted yesterday a fourth-quarter core operating profit of €230mn ($260mn), up from €207mn a year earlier and surpassing analysts’ average estimate of €192mn in Reuters poll. It proposed an annual dividend of €0.70 per share, up from €0.60 the year before and ahead of the 0.64 expected by the analysts, and also lifted its dividend policy. From now on, the company aims to pay out 30-40% of annual operating cash flow. Previously, it aimed to distribute at least one third of net cash flow from operating activities, less operational capital expenditure. Shares in the company rose 3.3% in early Helsinki trade. Santander The eurozone’s biggest bank, Santander of Spain, said yesterday its profits surged by nearly 40% in 2014, led by its activity in Britain and Brazil. Despite economic uncertainty in key regions and the sudden death of its longtime chairman Emilio Botin in September, Santander said its profits rose to €5.8bn ($6.6bn). “For the first time since the start of the global economic crisis, gross profit increased in the 10 main markets where the group operates,” it said in a statement. In Britain, where Santander UK is one of the leading finance groups, profit surged 30% over the year to €1.58bn, it said. In key emerging market Brazil, profits rose by eight% to €1.56bn. “The 2014 results are set against a context of uneven slowdowns in Latin American economies, doubts about the eurozone’s recovery... and favourable growth expectations in the UK and the US,” it said. In the US, profits were stable at €800mn. But in Spain, where the economy is growing again after several years of recession, profits surged by 141% to €1.2bn. The bank said its had also boosted its results by cutting costs and having to make fewer provisions against the bad loans that ravaged the Spanish banking sector during the crisis. Gulf Times Wednesday, February 4, 2015 15 BUSINESS Nascent US oil export boom stalled by topsy-turvy market Reuters New York J ust as the Obama administration is starting to pull down barriers to exporting an abundance of US shale oil, the topsy-turvy global oil markets have thrown up new ones. The stunning 60% collapse in oil prices since last summer has upended the relationship between regional markets, briefly pushing US benchmark prices above those for global Brent crude — and effectively closing the arbitrage for exporting processed condensate just as US export regulators began giving some firms the green light to press ahead. For the moment, that’s proving to be a less profitable prospect than many expected. Enterprise Products Partners, which had gained a jump on rivals with export clearance last summer, failed to award a one-year tender to sell processed condensate after a round of low bids, US and Asian trade sources said last week. “The export boom has been postponed,” said John Auers, a consultant at Turner, Mason & Co in Dallas. It’s been a tumultuous period for would-be exporters. Just a few months ago, dozens of producers were locked in a federal queue waiting for confirmation that they could press ahead with sales of lightly processed shale condensate. In late December, US regulators began giving some firms such as Royal Dutch Shell the green light to go ahead. But as oil prices collapsed, some who secured the sought-after exemption from the four-decade-old export ban are finding it more difficult to find buyers for their crude. Last month, Conoco chief executive Ryan Lance told reporters that the company was seeking permission to export condensate, but acknowledged that now might not be the right time to export condensate. The advantage for sending condensate to Asia has been closed since a cargo was sold to Shell Singapore for October loading. The US-Asia route was uneconomical because of high freight and cheaper Mideast alternatives. Since then, sellers have been focusing their efforts on Europe with several cargoes loading since November sent to Rotterdam and France, according to traders. Some analysts say the cur- rent inversion in prices is likely to be short-lived. As US oil stockpiles begin to fill with surplus crude, and Opec is showing no signs of cutting it output, the pressure on domestic markets will soon intensify — re-opening a profitable arbitrage to other markets. Demand may come not only from traditional refiners and petrochemical firms in Asia and Europe, but from heavy oil producers like Mexico that want to blend the ultra-light US oil with their own production. “I think this is a transitional period,” says global commodities strategist Ed Morse at Citi. “The dynamic is there to have an open arb on a pretty permanent basis.” Others say the economics may be diminished for years. As the lowest oil prices in six years are expected to halt the US shale boom by the middle of this year, the fourdecade-old export ban — at the forefront of the minds of oil producers and lawmakers last year — has become less relevant, likely easing the pressure from energy producers. “The pressure on Washington to change export policy is going to change in current market conditions,” Auers said. He says the anticipated flood of crude oil exports has been pushed back by up to four years to 2018-2019, when US oil production may resume its march toward over 10mn barrels per day (bpd). Until then, Washington may be able to maintain its decades-old policy as producers see little economic advantage to be gained from lobbying for change. Greece chalks out debt ‘menu’ in bid to win over sceptical eurozone Reuters London/Athens G reece’s new government dropped calls for a write-off of its foreign debt and proposed ending a standoff with its official creditors by swapping the debt for growth-linked bonds on Monday, a week after its election on an anti-austerity platform. Finance Minister Yanis Varoufakis, in London to reassure private investors that he was not seeking a showdown with Brussels over a new debt agreement, said the new left-wing government would spare privately held bonds from losses, a source told Reuters. The reported proposals, which included a pledge to reform the Greek economy, contrast sharply with the government’s strident vows in Athens last week to ditch the tough austerity conditions imposed under its existing bailout. Late on Monday, Varoufakis issued a statement saying that comments of his to financial investors had been misinterpreted. He gave no details but he was widely reported in Greek media to be backing down from the government’s aim of reducing the debt. “The government and the finance minister will not back down, irrespective of how grieved some people are by our determination,” he said in the statement. It was not clear whether the proposals would be accepted by European heavyweight Germany, which opposes softening the terms. Varoufakis had not discussed the swap with officials from its European Union or European Central Bank creditors, said the source, who had direct knowledge of the plans but would not be named due to the sensitivity of the issue. The finance minister also said he had not put a value on the swap, the source said, calling it a “work in progress”. “These bonds held by the ECB right now can be restructured. It’s possible to turn it into perpetual bonds to be serviced, or growth-linked debt,” said the source. “It’s the same with a proportion of the other bilateral bonds held by the Greek Minister of Finance Yanis Varoufakis (left) shakes hands with his Italian counterpart Pier Carlo Padoan during their meeting yesterday in Rome. Greece sought to add Italy to its supporters in a fight to secure easier terms on the country’s massive debt after unveiling new proposals to end a stand-off with international lenders. official sector.” Germany’s Finance Minister Wolfgang Schaeuble told Reuters in an interview that Berlin would not accept any unilateral changes to Greece’s debt programme. “We want Greece to continue going down this successful path in the interests of Greece and the Greeks but we will not accept one-sided changes to the programme,” he said at the Reuters Euro Zone Summit. Varoufakis called his plan a “menu of debt swaps” that meant Athens would no longer call for a write-off of Greece’s €315bn ($360bn) of foreign debt, the Financial Times reported. “What I’ll say to our partners is that we are putting together a combination of a primary budget surplus and a reform agenda,” Varoufakis told the newspaper. “I’ll say, ‘Help us to reform our country and give us some fiscal space to do this, otherwise we shall continue to suffocate and become a deformed rather than a reformed Greece’.” Athens planned to target wealthy taxevaders and post primary budget surpluses of 1 to 1.5% of gross domestic product, he told the paper, even if it meant his party, Syriza, could not fulfil all the spending promises on which it was elected. The finance minister and Greece’s new Prime Minister Alexis Tsipras are touring European capitals in a diplomatic offensive to replace Greece’s bailout accord with the European Union, ECB and International Monetary Fund, known as the “troika”. Yesterday, Tsipras will meet Italy’s Prime Minister Matteo Renzi, a young centre-left leader thought to be among those most sympathetic to calls for leniency. Varoufakis said he was confident he could reach a negotiated settlement soon, telling Britain’s Channel 4 news it was time to stop Greece being a “festering wound” on Europe and dismissing a suggestion the ECB could block a new deal. He met international investors on Monday evening. Michael Hintze, founder and CEO of hedge fund CQS, asked afterwards if the minister had proposed a debt swap, said “It’s more balanced and broader than that,” without elaborating. The source told Reuters losses would not be forced on private investors, saying: “They have had enough hair cuts.” In a statement released by the Greek Finance Ministry yesterday in Athens, Varoufakis said the government’s aim was to pull the country out of “debt serfdom”. Enterprise has boosted exports of US condensate to 40,000 bpd after signing two annual contracts with PetroDiamond Singapore and Vitol.Analysts forecasting output in the middle of last year, before oil prices crashed, said condensate exports could reach up to 300,000 barrels a day by the end of the year, and double in 2015. Now, those figures have declined as analysts mark down expectations of new US supply, which had been running at some 1mn bpd for the past three years. “We think that the rate of growth by the end of this year is going to be zero, which makes the whole crude export issue much less substantively relevant than it was six or 12 months ago,” said Pavel Molchanov, an energy analyst at Raymond James. Banks’ $2.7tn state debt habit to be tamed, says Nouy Bloomberg Brussels T he days of European lenders being allowed to load up on government debt without having to account for risk are numbered, according to Daniele Nouy, the euro area’s top bank supervisor. A regulatory loophole that allows banks to apply a zero risk weight to much of their government debt holdings and avoid any capital charge should be closed, said Nouy, who heads the European Central Bank’s oversight arm. “It was confirmed during the crisis that there are no riskfree assets,” Nouy said in an interview in Frankfurt. “So there should be a risk weight, capital requirements for sovereign exposures.” Nouy said she sees movement towards closing the loophole. “It will happen.” Under European Union rules, banks can rate all debt issued by the bloc’s 28 national governments as risk-free. This encourages so-called carry trades, whereby lenders borrow at low cost from the ECB and plow the money into state debt that offers higher returns. “Probably at the end of the day it will not be much, the capital requirement will be limited, because on average those exposures are of good quality,” Nouy said on January 28. “But indeed, what is not risk-free should have a capital requirement. That’s quite clear.” Euro-area government securities accounted for 9.3% of total bank assets, or €2.4tn ($2.7tn), in December, according to ECB data. The yields for 10-year debt in the euro area ranged from 0.30% for Germany to 10.91% for Greece at 10:15am in Frankfurt. The ECB announced a programme on January 22 to buy €60bn of assets a month for at least 19 months to avert deflation. The spending will include existing programmes to buy covered bonds and asset-backed securities. Of the added purchases, 12% will be debt issued by EU institutions and agencies, and the rest will be government bonds. Given the scale of the issue, regulators are likely to take a “softly, softly,” approach on zero risk-weighting, said Sharon Bowles, a former chairwoman of the European Parliament’s Economic and Monetary Affairs Committee. “It’s absolutely right that the eurozone has to do something about it,” said Bowles, who pushed unsuccessfully for legislators to tackle the issue in a 2013 overhaul of EU capital rules. Not everyone in the ECB is sanguine about changing the way sovereign debt is treated. While some, such as ECB Executive Board member Yves Mersch, see the need for change, they worry about the consequences. “Any regulatory initiatives to address this issue can only be introduced very gradually in order to avoid market turmoil, and most likely only in the context of other governance reforms,” Mersch said last year. Nouy said that within Europe, “there are certain voices that recommend caution because we’re not out of the crisis, but I’ve not heard what I would call resistance on this, at least among supervisors.” Some stirrings can be seen at the global level, where the Basel Committee on Banking Supervision has included a review of the regulatory treatment of sovereign risk in its work program for this year and next. No EU initiatives are currently on the table, however. Nouy said she saw movement at both levels, without providing details. ECB President Mario Draghi has said repeatedly that the status of state debt originates with the Basel committee. Nouy echoed that view, saying the treatment of government debt as risk-free is “permitted by the Basel committee; it’s not a deviation.” US refinery strike nears third day as Shell, union meet Reuters Houston R oyal Dutch Shell negotiators met yesterday with the union representing workers at US refineries as a strike stretches into a third day after talks on a new national contract broke down. A United Steelworkers spokeswoman said no progress was made toward a new agreement after the two sides discussed the issues. Walkouts called on Sunday at nine plants with a combined 10% of US refining capacity were the first since 1980 in support of a nationwide pact that would cover 63 refineries. Contract talks broke down on Sunday with workers asking for higher wages against a backdrop of crude prices that have plunged nearly 60% since June, prompting oil companies to cut spending. “Representatives from Shell and the United Steelworkers union (USW) resumed communications on Monday in hopes of coming to a mutually satisfactory contract agreement,” said Shell spokesman Ray Fisher. A USW spokeswoman said both sides met on Monday evening at Shell’s request. “We had discussions on the issues however no progress was made,” said USW spokeswoman Lynne Hancock. “We are still on call and willing to meet.” Most affected refineries were running almost as usual, with operators having called on trained managers to replace workers. But one of the affected plants, Tesoro Corp’s 166,000 barrel-per-day Martinez, California, refinery, was being fully shut down, since part of it was already in the midst of planned maintenance work. While refiners are promising little or no disruption to production, wholesalers and other buyers are skittish and snapping up available supplies. US gasoline and diesel fuel prices rose on Monday on concerns over supply, as well as a bounce in US benchmark crude to about $50 a barrel. Gasoline futures traded in New York rose more than 5 cents to $1.53 a gallon, though retail gasoline prices are still at their cheapest in years after having fallen about 40% since the middle of 2014. The USW has said Shell, the lead industry negotiator, halted negotiations early Sunday after the union rejected a fifth proposal from the company. Shell activated a strike contingency plan at its joint-venture refinery and chemical plant in Deer Park, Texas, to maintain operations. Tesoro said management was operating its refinery in Carson, California, and its plant in Anacortes, Washington. The USW also called strikes at three plants belonging to Marathon Petroleum Corp in Texas and Kentucky, and LyondellBasell Industries NV’s plant near Houston. At least two of the plants on the list have a history of deadly accidents. The USW said all other refineries it represents would operate under rolling 24-hour contract extensions. The expiring three-year national contract covers about 30,000 hourly workers at plants that together account for two-thirds of US refining capacity. The union is seeking annual pay increases of 6%, double the size of those in the last agreement. It also wants work that has been given in the past to non-union contractors to start going to A view of an entrance to the Tesoro refinery in Martinez, California. A labour strike that some fear could impact gasoline production at several of the largest US oil refineries and chemical plants stretched into a third day yesterday, as union workers sought a new national contract. USW members, a tighter policy to prevent workplace fatigue and reductions in members’ out-of-pocket payments for healthcare. Independent refiners, such as Valero Energy Corp, have made big profits recently by tapping cheap crudes from the US shale boom, while refining units at integrated companies such as Exxon Mobil Corp have provided a cushion against low prices hurting upstream operations. But the drop in oil prices from more than $100 per barrel last summer has hurt the union’s hand, analysts said. Wednesday, February 4, 2015 BUSINESS GULF TIMES IT plays vital role in Islamic Treasury By Peter Bokma The same as in conventional banks, IT plays a vital role to have important information available for the running of the day-to-day Treasury business. Information is required to see the cash flow movements and exposures of foreign exchange and balance sheet assisting the treasury to make important decisions that may have an impact on the bank financial position. For that reason it’s important that current IT systems or the planning of it are carefully accessed. Islamic Treasury’s criteria are slightly different from the conventional ones and especially the products suite used may offer some problems if not attended too. One of the steps moving towards the selection of treasury systems is to know what the general requirements are for the treasury, since this will help to know the system type sought after, like a cash flow focused model with only MIS reporting features, or others that may offer larger suites including sophisticated product possibilities. Once the system type has been selected, the next step is to create the requirements of each item that treasury has under its wing, including related departments and activities that may have influence on the treasury transactions. After all, the accounting behaviour, which is very specific for certain Islamic treasury products are highly important, including the timing of receiving and releasing of confirmations are crucial factors that are guided by Shariah principles must be taken care of in this United Technology Solutions officially launches operations under new name U nited Technology Solutions (UTS), a whollyowned subsidiary of United Development Company (UDC), has officially launched its operations by extending knowledge-based technical and business solutions and services to The Pearl-Qatar and the rest of country. UTS, which formerly operated as United Facilities Solutions (UFS), was established to deliver “efficient and productive” integrated technical facility services to a range of private and public sector clients, who would like to step up as “smart businesses” by helping reduce costs and increase efficiencies. The company also provides concept to operation and smart end-to-end solutions and services across various technicallychallenging vertical markets such as building management systems, home automation systems, security management systems, fire alarm and protection systems, as well as digital metres. Also included are AMR/AMI systems and energy management systems, IT and network infrastructure, enterprise resource planning systems and facilities management systems, command control centres and data centre management and establishment, IPTV and telecommunications services, and project management consultancy services and solutions. UTS general manager Alex Ortiz Vargas said, “UTS focuses on the development, testing, and application of innovative technology products and systems for residential and commercial properties in The Pearl-Qatar, as well as the rest of Qatar, tapping into the emerging market of improving business functions and processes in the residential and commercial real estate sector.” Vargas added, “UTS further seeks to contribute to the implementation and execution of na- tional projects that fulfill the objectives of Qatar National Vision 2030, thus providing public and private sector institutions with integrated solutions that enable them to provide services to their customers more efficiently while focusing on the present and future of their business.” UTS is currently managing diverse technological services within the framework of The Pearl-Qatar, including the provision of IPTV, which allows residents to choose between a list of free-to-air channels available via satellite and paid cable television packages based on subscription fees. The company has team of seasoned professionals, who oversee the delivery of “highquality” technical support for the business and the customer, along with technical ability and structured approach to troubleshooting and problem-solving while ensuring the delivery of exceptional customer satisfaction and personalised service. As the technology arm of UDC, UTS offers both technical and business solutions at The Pearl-Qatar and other locations in Qatar in line with its motto, “Delivering unparalleled solutions and services with smart business by smart teams.” assessment. One example of treasury product is the Commodity Murabaha transaction, which resembles a money market transaction in conventional banks. The product behaviour differs from a conventional product in terms of execution as well as the accounting treatment of the product. When it comes to a conventional money market transaction, the principle amount is posted as an asset when it is a placement of funds, and a liability when borrowings concerned. The interest portion received or paid are posted daily to the profit and loss account versus accrual accounts and are offset at the time of the maturity of the transaction. In the case of a commodity murabaha transaction, the accounting postings are to include the profit amount to the principle amount when assets (placement of funds) concerned and liability for borrowings and the daily accrual process, whereby we are booking the profit and loss versus the asset- or liability account, thus reducing the principle amounts until maturity, which has a final posting at maturity maturing the entire transaction. The confirmation flows part is very crucial item in terms of Shariah principles. In the case of the conventional banks confirmations are send out after the validation completion processes, which are important back office activities of banks. The Islamic banks confirmation flows are product dependent, whereby some transactions require first the counterparty confirmation action before the Islamic bank sends out Peter Bokma is chief of treasury and investments at QIIB. The views expressed are his own. Visa sees growth in use of mPOS among Qatar merchants and SMEs By Peter Alagos Business Reporter C ost efficiency and other technological advancements are expected to drive growth in the use of mobile point-of-sale (mPOS) devices among merchants and small and medium-sized enterprises (SMEs) in Qatar, Visa country manager Rahul Joshi told Gulf Times. He said Qatar continues to witness a major shift from traditional to electronic payments, indicated by the 22% rise over the previous year in POS transaction value for the period ending September 30, 2014. According to Joshi, merchants find traditional POS setups cumbersome compared to transactions made via mPOS. “Aside from mobility, the other advantages of mPOS is that the cost of smartphones are getting lower, there are no landline costs, and there are no hassles caused by power outages, especially in developing countries,” said Joshi during a media roundtable discussion yesterday. He noted that mPOS eliminates transaction hassles, especially in businesses that require customers to pay in cash such as taxis, home delivery (food, grocery, laundry, etc.), courier services, and petrol stations, among others. “Merchants who do not see any value from the traditional setup will find mPOS more attractive not from a mobility point of view but because of low cost. Cost is not a barrier and it is even commercially viable for banks to put up mPOS machines even when volume is less making it beneficial to new startups,” Joshi stressed. Joshi also said Qatar’s payment industry has a high potential for growth as government services, retail, and supermarkets registered as the top categories for domestic spend. Using data from VisaNet recorded in Rahul Joshi, Visa country manager for Qatar. PICTURE: Najeer Feroke the third quarter of 2014, Joshi said debit cards accounted for about three-fourths of all Visa cards in circulation in Qatar, indicating that the credit card business in the country “still holds untapped potential.” “In addition, one out of every three dollars spent on a Visa credit card issued in Qatar is spent internationally, a sign of the growing share of travel expenses, Doha Bank introduces debit card acceptance for mobile commerce D oha Bank has introduced its latest payments innovation, which gives customers in Qatar the option of paying on mobile websites using an ATM or debit card. “Doha Bank believes in delivering greater value to the customer and with the support of the Qatar Central Bank, we are able to offer a service that is unprecedented in the country,” said Doha Bank head of Retail Banking Suresh Bajpai. According to Bajpai, customers can now complete their mobile payments using their debit cards. The “first-of-its-kind initiative,” he added, would allow debit cardholders of any bank in Qatar to make purchases through their smartphones and tablets. “People are rapidly adopting smartphones and tablets as their preferred medium of accessing the Internet and making payments, and we believe in serving them through these channels,” he added. Bajpai said debit cards issued by any bank in Qatar are now accepted on the mobile website of Doha Bank partner, Q-Tickets. com, giving cinema-goers here more flexibility and convenience in booking tickets theirs. The deed of sale versus an acceptance response might be such situation. On a general note the process of detailing the requirements for the complete treasury department must at all times include the treasury back office processes, and the financial control department specific accounting requirements. Further the desired process and the security aspect of the bank must be captured to ensure that the IT vendor has a complete understanding of what is needed. This way all parties concerned will be informed and expectations can be valued clearly against the potential outcomes without major surprises. Doha Bank tower. via smartphones and tablets. He noted that while almost everyone has a debit card, credit card penetration is low compared to debit/ATM cards due to various eligibility factors required to secure a credit card. “We believe there is immense growth potential for these transactions. This service gives people of all income brackets the ability to purchase their tickets online, conveniently from wherever they are. This facility is also a great option for merchants to accept payments from practically the entire country. We thank the Qatar Central Bank for their vision and support towards facilitating such an inclusive network,” Bajpai said. From the Q-Tickets regular and mobile websites, users can select their seats and then choose a preferred payment option such as credit card, Doha Bank account, or debit card. When choosing the debit card option, customers are prompted to enter their debit card details. After the user enters his or her debit card details, he or she will be directed to QCB’s secure environment on QPay to complete the transaction after entering the four-digit PIN. “The debit card payment gateway is a highly-secure platform and meets the safety standards regulated and mandated by the Qatar Central Bank,” Bajpai said. cross-border purchases, and e-Commerce volumes,” he said. According to VisaNet data, cardholder spending in Qatar was mainly directed towards government services, retail, and supermarkets. Retail also emerged as a top category in international spending on Visa cards by Qatar residents, accompanied by hotel accommodation. “Visa card usage in Qatar is growing at a consistent, promising pace, although cardholders in this market are still largely skewed towards our debit products. With international spending on the rise, and a promising outlook for e-Commerce in the region, we expect Qatar to register strong growth in credit card acceptance and use in the coming years,” Joshi said. Marafih takes on as Indosat president commissioner Dr Nasser Marafih has taken on the role of president commissioner, PT Indosat, an Ooredoo subsidiary, following the appointment of a number of board members to ministerial and other senior positions in Qatar and Indonesia. The changes to its boards of commissioners and independent directors were approved by PT Indosat following the company’s extraordinary general meeting held recently. As part of the changes, Ooredoo Group chairman HE Sheikh Abdullah bin Mohamed bin Saud al-Thani has resigned from the role of President Commissioner of Indosat. Sheikh Abdullah was recently appointed as the CEO of Qatar Investment Authority. Speaking about the changes, Dr Nasser Marafih, Group CEO, Ooredoo, said: “We have been privileged to work with a Board of Directors that has in-depth understanding of Indonesia’s evolving telecommunications sector, and unmatched insight the digital needs of the Indonesian people. Understandably, some of these Board Members have now moved into positions of high responsibility where they will continue to serve their communities – both in Qatar and in Indonesia. We accept their resignations from the Board with deep gratitude, and pay tribute to their service.” Ooredoo also said Rachmad Gobel has resigned as Indosat’s commissioner, due to his appointment as the Minister of Trade, Republic of Indonesia, and Rudiantara has resigned as the company’s independent commissioner, following his appointment as Indonesia’s Minister of Communication and Information. The company also announced the resignation of Rionald Silaban as commissioner, following his appointment as Executive Director at the World Bank Group. Moving ahead, the company has announced a new board of commissioners who will be in place until the 2016 AGM, in accordance with the Articles of Association of the company. Ahmed Yousef al-Derbesti, Khalid Ibrahim al-Mahmoud, Chris Kanter, Astera Primanto Bhakti, Beny Roelyawan, and Cynthia Gordon will all take on the role of commissioner. Richard Seney, Rinaldi Firmansyah, and Wijayanto Samirin, have been named independent commissioners. The company has also approved changes in the composition of the company’s Board of Directors. Moving forward, the board will be Alexander Rusli, president director; Curt Stefan Carlsson, director; Fadzri Sentosa, director; Joy Wahjudi, director (and will also assume the role of independent director) and John Thompson, director. “We are very confident that our reconstituted boards will live up to the high standards of their predecessors and continue to lead Indosat as the company strives to enrich the lives of people across Indonesia,” Dr Marafih concluded. CRICKET | Page 3 NBA | Page 8 FOOTBALL | Page 10 Amir reprieve will encourage others to come clean: ICC Pelicans snap Atlanta’s win streak at 19 games Wolfsburg snap up Schuerrle in record Bundesliga deal Wednesday, February 4, 2015 Rabia II 15, 1436 AH FORMULA 1 GULF TIMES SPORT Rosberg says he has knives sharpened for champ Hamilton Page 5 French celebrate world handball title at home (Left) French president Francois Hollande (third from left) holds the world handball trophy as French national handball team players and staff members look on a ceremony at the Elysee presidential palace in Paris yesterday. (Right) Hollande (centre) displays a shirt with his name offered by French captain Jerome Fernandez (left) as French Handball federation president Joel Delplanque looks on. France won the 24th Men’s Handball World Championship in Doha on Sunday beating hosts Qatar in the final. (AFP) QATAR INTERNATIONAL RALLY Teams carry out reconnaissance for Qatar Rally Al-Qassimi, Al-Rajhi look to challenge Qatari stranglehold Local hero Nasser Saleh al-Attiyah has won the event 11 times. By Sports Reporter Doha R ally teams spent most of yesterday in the desert taking a close look at the special stages that they will tackle in this weekend’s QMMF Qatar International Rally, the opening round of the 2015 FIA Middle East Rally Championship. The Qatar Motor and Motorcycle Federation (QMMF) has laid on 12 timed desert sections to be staged on Friday and Saturday after the ceremonial start on Doha Corniche tomorrow evening. Competitors took a look at the tracks that will be used tomorrow first of all and will complete their policed reconnaissance of Saturday’s route on Wednesday, before carrying out com- pulsory administration checks at the QMMF. Qatari drivers have dominated the traditional opening round of the regional rally series and have won the event every year since 2002. Nasser Saleh al-Attiyah has 11 home wins to his name and Abdulaziz al-Kuwari took a maiden victory in 2012. Dubai’s Mohamed Ben Sulayem was the last non-Qatari to climb on to the top of the podium. The UAE driver won the event on nine occasions between 1988 and 2002, but no other international driver has managed to break the Qatari stranglehold on local success in the era of World and Regional Rally Cars The Qatari deserts offer high-speed special stages over rocky terrain, where punctures are an inherent risk, and local knowledge is vital. Sections of some of the stages are used in local national rallies and Qatari drivers have gained crucial experience over the years. Abu Dhabi Racing’s Sheikh Khalid al-Qassimi and Saudi Arabian driver Yazeed al-Rajhi have the ability to match and beat the Qataris, but have always fallen just short of the top step of the podium in Doha. The pair were third and fourth overall in 2014 and alQassimi finished as the runner-up in 2013 alongside co-driver Scott Martin. Al-Qassimi has taken seven career regional rally victories to al-Rajhi’s four and a first triumph in Qatar cannot be too far away. “I showed in Dakar that I have the pace to match Nasser and we have shown that on previous Middle East rallies,” said al-Rajhi. “This is a difficult rally to come and win. The stages are never easy and the local drivers have a lot of experience. It would be fantastic to beat them and take the win.” 2 Gulf Times Wednesday, February 4, 2015 SPORT CYCLING / LADIES TOUR OF QATAR Cucinotta sprints to opening stage victory ‘Annalisa made a wonderful sprint, also thanks to the work done by the whole team. This is the victory of the whole team’ By Yash Mudgal Doha A nnalisa Cucinotta of Ale-Cipollini won the opening stage of the seventh Ladies Tour of Qatar, beating two-time world champion Giorgia Bronzini of WiggleHonda and Marta Tagliaferro of AleCipollini in the bunch sprint at Dukhan Beach on a wind-free day yesterday. Other than one solo breakaway move that was brought back with 20 kilometers to go, the peloton rode together for the entire 98.5km stage from Museum of Islamic Art to Dukhan Beach. Cucinotta had the best finishing kick, and claimed her first major victory since 2008, when she won the Classica Citta di Padova. “I am really surprised with results as we had a crash just before the second sprint and I was in pain, but in the end with the help of my teammates I managed to win the stage. I am very happy,” the 28-year-old Cucinotta told Gulf Times. “I don’t know what is in store from me tomorrow, but I hope to perform better in next stages,” she said. The stage was animated by a lone attack by Xiu Jie Jiang of China Chongming-Liv-Champion System, who went clear shortly after the first intermediate sprint, which was won by Shelley Olds of Bigla ahead of Chloe Hosking and Lizzie Armitstead and picked up the bonus seconds. Jiang stretched her lead out to a minute after 55kms but the pace remained a brisk 43kph in the peloton, with several teams keen to ensure a sprint finish. Jiang held on long enough to claim the points at the second intermediate sprint with 30kms to go, but she was caught immediately afterwards. Her advantage went from at 61km, while the pack was hit by several crashes, one even forcing USA’s Maura Kinsella (OPW) to retire. Jiang went on to make it to the second bonus sprint (km 68.5) clear from the pack, before eventually being caught. Meanwhile Olds had again outsprinted her peloton rivals, beating Armitstead for precious extra seconds that could count a great deal in the group classification. Claudia Cretti of Italy tried to forge ahead in the finale but the sprinters’ teams coordinated their efforts to ensure the peloton stayed together. Cucinotta managed to hold off Bronzini to finish half a bike length clear, followed closely by teammate, Tagliaferro completing the podium at the third place. “We are very satisfied. We are happy not only for the first and third position, but also for all the work we have done. We have been protagonist during the race. Annalisa made a wonderful sprint, also thanks to the work done by the whole team. This is the victory of the whole team,” said Ale-Cipollini di- rector Fortunato Lacquaniti. Cucinotta grabbed overall leader’s golden jersey and points classification silver, while another Ale-Cipollini rider Arianna Fidanza claimed the white pearl jersey for the best young rider. “It was a satisfying day and I think anything is possible in the next couple of days. It was not a wind day today and hopefully I will perform better tomorrow,” Bronzini, who will race in silver jersey in the second stage, said. Double junior world road race champion British rider Lucy Garner, who finished 14th, said: “I’m disappointed with my performance today, especially my sprint.” Wiggle Honda’s Chloe Hosking – a former stage winner -- was confident after finishing sixth in the general classification.“It was not a perfect start for us, but not a terrible one also. I was very good at the first sprint and Bronzini finished overall second. It was good for the team. I was disappointed there is no win for us, but we are in a good position after the day one and it’s not all over for us,” the Australian said. The bonus seconds gained through the stages will help determine the general classification, in which Olds sits third, especially if the wind does not blow hard across as forecasted. “It’s the first race of the season and it’s a race for sprinters. It’s a hard race with all the best teams. I’m trying to win the overall. I’d like to start the year off with something positive,” Olds said. Today, the 112.5km second stage will run from Zubarah Fort to Madinat alShamal. Annalisa Cucinotta of Ale-Cipollini celebrates her victory in the opening stage of the Ladies Tour of Qatar yesterday. PICTURE: Yash Mudgal RESULTS AFTER STAGE ONE GENERAL CLASSIFICATION Annalisa Cucinotta (Ita) Ale-Cipollini 2:28:26 Giorgia Bronzini (Ita) Wiggle Honda 0:00:04 Shelley Olds-Evans (USA) Bigla Pro Cycling Team 0:00:05 Marta Tagliaferro (Ita) Ale Cipollini 0:00:06 Elisabeth Armitstead (GBr) Boels Dolmans Cycling Team 0:00:08 Chloe Hosking (Aus) Wiggle Honda Lucinda Brand (Ned) Rabo Liv Women Cycling Team 0:00:10 Trixi Worrack (Ger) Velocio-SRAM Arianna Fidanza (Ita) Ale Cipollini Jolien D’hoore (Bel) Wiggle Honda POINT CLASSIFICATION Annalisa Cucinotta (Ita) Ale Cipollini 15 pts Giorgia Bronzini (Ita) Wiggle Honda 12 Shelley Olds-Evans (USA) Bigla Pro Cycling Team 11 Marta Tagliaferro (Ita) Ale Cipollini 9 Lucinda Brand (Ned) Rabo Liv Women Cycling Team 7 Trixi Worrack (Ger) Velocio-SRAM 5 Arianna Fidanza (Ita) Ale Cipollini 4 Xiu Jie Jiang (Chn) China ChongmingLiv-Champion System Pro Cycling 3 Jolien D’hoore (Bel) Wiggle Honda 3 (Left) Annalisa Cucinotta of Ale-Cipollini celebrates on the podium with QCF president Sheikh Khalid bin Ali al-Thani; (right) Ale-Cipollini rider Arianna Fidanza claimed the white pearl jersey for the best young rider. PICTURES: Jayaram Elisabeth Armitstead (GBr) Boels Dolmans Cycling Team 2 SPRINT 1 Shelley Olds (USA) Bigla Pro Cycling Team 3pts Chloe Hosking (Aus) Wiggle Honda 2 Elisabeth Armitstead (GBr) Boels Dolmans Cycling Team 1 SPRINT 2 Xiu Jie Jiang (Chn) China ChongmingLiv-Champion System Pro Cycling 3 pts Shelley Olds - Evans (USA) Bigla Pro Cycling Team 2 Elisabeth Armitstead (GBr) Boels Dolmans Cycling Team 1 BOTTOMLINE Al Siddiqi Holding offers Qatar’s national dress to the French handball team T he French men’s handball team received a unique token of intercultural friendship, when they were presented with complete sets of elegant Qatari national dress by Al Siddiqi Holding, through its home-grown Qatari Men’s fashion brand Al Shal. The event was held at the Intercontinental the City, Doha, to mark the end of the 24th Men’s Handball World Championship that took place in Qatar in January 2015, in which the French team emerged the winners. The Qatar national handball team itself posted a historical performance in the tournament, becoming the first-ever Asian team to reach the final. The French team members – both players and support team composed of close to 30 people – received the full set of traditional Qatari attire that is composed of a Thob (long tunic), a Ghotra (local head dress), a Serwal (traditional trouser), a Taqia (skull-cap), and an Iqal (rope). The attire was completely made to measure in Qatar by Al Shal. Mahmood Almahmood, director of Al Shal, helped the players to dress up and explained how each piece of the outfit should be worn. Mohamed al-Siddiqi, Al Siddiqi Holding board member and managing director, said: “There is no better way to promote intercultural understanding than giving our guests a chance to experience our culture first-hand and take home a part of it. We are delighted to offer the national dress to the French delegation. Supporting such an amazing team, where players have given their best to succeed, is the perfect illustration of our vision – ‘Believe, Achieve, and Succeed’.” Al Siddiqi Holding has been an ‘Official Partner’ of the 24th Men’s Handball World Championship. The Qatar-based multinational business, has given its full support to the Qatar 2015 Organising Committee by providing official uniforms and traditional Qatari attire such as thobes, abayas and shaylas for the team-members and volunteers of the mega sporting event, that took place in Doha. Gulf Times Wednesday, February 4, 2015 3 CRICKET VIEWPOINT ‘Minnows can cause upsets at World Cup’ Reuters Mumbai I nternational Cricket Council (ICC) Chief Executive David Richardson predicted an open World Cup yesterday, saying the associate members are well prepared to upset major teams in the tournament. Four second-tier nations—Afghanistan, Ireland, United Arab Emirates and Scotland—will join the 10 full members for the 11th edition of the tournament from February 14 to March 29. While Ireland stunned Pakistan and England at the 2007 and 2011 World Cups respectively, minnows Afghanistan defeated Bangladesh in their first win over a Test-playing nation last year. The ICC arranged a familiarisation tour of Australia for them last year during which they played matches against local sides to gain much-needed experience of the conditions Down Under. The governing body also appointed Dav Whatmore, who coached Sri Lanka to their 1996 World Cup win, to help the four minnows prepare for the tournament in Australia and New Zealand. “The associates and the way they are prepared for this tournament, any other country will be silly to take them lightly,” Richardson said in a telephone interview. “If they do, there’s a real chance of an upset being caused. They will be the underdogs in most of the matches but a surprise or two can impact the group standings. “If you are South Africa, they will want to make sure they finish top of the group because they would want to avoid a difficult quarter final. Any upset will have profound effect on the tournament,” added the former Proteas stumper-batsman. The 14 teams have been divided into two groups for the World Cup with four teams from each pool advancing to the knock-out stages. The 55-year-old Richardson is confident the upcoming tournament would eclipse all the earlier editions and the new playing conditions would further lift the standard of the game. Two new balls and an extra fielder inside the circle during the nonpowerplay overs will be used for the first time in a World Cup which, Richardson hopes, will also encourage attacking cricket. “The use of two new balls will give the seam bowlers a chance and the fielding restrictions changed the one-day game quite considerably,” said Richardson. “It’s much more attacking and there are many more boundaries scored. “The old days of trying to contain batsmen and bowl dot balls is becoming very difficult and the only way of containing scoring is to attack and try and get wickets. So we are seeing a far less of those predictable games where it follows a pattern.” It also means there were no clear favourites this time for Richardson. “What is great about this event is that probably for the first time ever, with due respect to the other teams, at least six of the teams realistically have a chance of winning the tournament,” he said. “That’s never been the case. There have always been one or two really strong favourites going into the event. Yes there have been surprises from time to time but in this case on their day any of the teams can beat any other team.” Afghanistan players celebrate after winning the qualifying tournament for the 2015 ICC World Cup. The team from the war-torn country is among the four second-tier sides besides Ireland, United Arab Emirates and Scotland, who will join the 10 full members for the 11th edition of the tournament. FOCUS SETBACK Amir reprieve will encourage others to come clean: ICC ‘There’s an incentive to players that if you have messed up there’s a way back. Don’t forget that Amir would have been out of international cricket for five years. That’s more than half a career’ Reuters Mumbai T he reprieve given to Pakistan bowler Mohamed Amir in a spot-fixing scandal will encourage corrupt players to come clean and help maintain the game’s integrity, International Cricket Council (ICC) Chief Executive David Richardson said yesterday. Amir and his former teammates Salman Butt and Mohamed Asif were all banned for spot-fixing, particularly for bowling deliberate no-balls by pre-arrangement at Lord’s, during Pakistan’s tour of England in 2010. The trio served jail sentences in Britain and were given minimum five-year bans by an ICC tribunal. Amir’s five-year ban was scheduled to expire on September 2 but ICC’s anti-corruption unit (ACSU) chairman Ronnie Flanagan exercised his discretion to allow him to return to domestic cricket with immediate effect. “There’s an incentive to players that if you have messed up there’s a way back,” Richardson said. “Don’t forget that Amir would have been out of international cricket for five years. That’s more than half a career. Most players don’t even get to play five years at international level,” said the former South Africa stumper-batsman. Left-arm bowler Amir was marked as a great prospect for Pakistan in his early days and at the age of 18 he became the youngest bowler to capture 50 Test wickets during the controversial Test match at Lord’s in 2010. According to a revised anti-corruption code, a banned player can appeal to resume playing domestic cricket before the end of the ban. “Not withstanding what he did, no one suggests that we should be tolerant or be lax on players who get involved in these type of things,” the 55-year-old Richardson said. “But in his case, he admitted his involvement and since then he’s made every effort to disclose everything that he knows to help the ACSU with their education programmes. Therefore, I think he served as a good example to players who might have got involved in the past, regret what they have done and there’s a way for them to come back in due course.” and career,” Associates’ chief Nadeem Omar said yesterday. The Anti-Corruption and Security Unit of the International Cricket Council (ICC) last week cleared Amir to play domestic cricket in Pakistan with immediate effect. The decision followed last year’s ruling that allowed all banned players to return to first-class cricket a few months before their ban expires. The ICC banned Amir along with Reuters Melbourne W orld Cup hosts Australia may have only 13 players to choose their playing XI from for their February 14 tournament opener against England after scans revealed all-rounder James Faulkner has suffered a side strain. Faulkner’s injury is a fresh blow to Australia, following hamstring injury to regular skipper Michael Clarke who is racing against time to be fit after undergoing surgery in December. Faulkner blasted a 24-ball 50 in Australia’s emphatic victory in the final of the tri-series against England but also suffered the injury while bowling in Sunday’s match at Perth. “Scans on James Faulkner’s injured side have confirmed a moderate grade abdominal muscle strain which is consistent with a ‘typical’ fast-bowing side strain injury,” Cricket Australia physiotherapist Alex Kountouris said. “He will receive intensive treatment for the next two weeks before we can determine when he can return to batting and bowling.” The 24-year-old will travel with the Australia squad to Adelaide on Friday to continue his treatment with medical staff. Clarke, who returned to club cricket on Saturday, has been given until Australia’s second World Cup match against Bangladesh on February 21 to prove he is fit to play a part in the tournament. Kohli already a batting legend: Richards RELIEVED AMIR SET TO PLAY FOR KARACHI TEAM Pakistan paceman Mohamed Amir is set to return to domestic cricket next month with a Grade-II team in Karachi, an official said yesterday, following the relaxation of a fixing ban. The 22-year-old left-armer will play for Omar Associates in the Patron’s Trophy Grade-II national tournament—one rung below first-class—that begins March 9. “We have signed Amir to play for our team in the Grade-II as we think that everybody deserves a second chance in life Faulkner injury complicates Oz World Cup start Salman Butt and Mohamead Asif for five years over a spot-fixing case in England in 2010. The trio were convicted of taking money in return for bowling deliberate no-balls during the Lord’s Test against England in August that year. All three players along with their agent Mazhar Majeed were jailed in Britain a year later. Omar said Amir has fulfilled all obligations as per the ICC rules. “We have signed Amir because he has fulfilled everything which was required of him and the ICC and the Pakistan Cricket Board cleared him,” he said. “He is a very good talent and can be used as an ambassador of morality in the future.” The PCB said Amir would be monitored on and off the field for the next few months before being cleared to play international cricket once his ban expires in September this year. Mumbai: Caribbean cricket legend Vivian Richards yesterday heaped praise on Indian vice captain Virat Kohli, saying he has already become a batting legend in ODIs. Richards, who was an integral memer of the West Indies’ World Cup-winning squad in 1975 and 1979, also listed Kohli in his list of top 10 ODI batsmen in the world. Richards, considered the most fearsome batsman in the 1980s, put Sachin Tendulkar at the summit spot, followed by compatriots Brian Lara, Chris Gayle, Clive Lloyd, Australians Ricky Ponting, Matthew Hayden, India’s Virender Sehwag, Australia’s Michael Hussey, South Afrtica’s AB de Villiers and Kohli. “The last name on my list, but not the least by any means, is young Virat Kohli. There might be some surprise regarding this pick because he is very young and has a lot of cricket to play still. But in my eyes, he is already legendary,” Richards said. Kohli has scored 6,232 runs in 150 matches, helping himself to 21 hundreds. “At such a young age he has twice the number of ODI centuries than in Tests and he is such a confident player in the limited-overs game. It is not to say he isn’t so in the longer format, but I really like his aggressive style in ODI cricket,” Richards said of the Indian who has recorded 30 fifties, averaging 51.50. Talking about the 26-year-old’s rise in world cricket, Richards also hoped the Indian Test captain would get better in the future. “Look at the way he started his career, and the batsman he has already become today, he is simply magnificent in whatever little time he has played as compared to others. He is only going to get better and better, and add to his list of achievements.” 4 Gulf Times Wednesday, February 4, 2015 CRICKET NZ vs PAKISTAN/ SECOND ODI Williamson, Taylor hit tons in Kiwis’ 119-run victory over Pakistan ‘We have got to be happy with where we are at. We have played, I guess, a couple of perfect games. The challenge for us now is to maintain that freshness and momentum we’ve built up’ Kane Williamson (left) celebrates his century with teammate Ross Taylor in yesterday’s second ODI against Pakistan at McLean Park in Napier. (AFP) Emotions to run high for Indo-Pak tie in Adelaide Reuters New Delhi C ricket is just a game, but try telling that to the 22 players who will walk out for the India v Pakistan World Cup match in Adelaide on Feb 15. The Pool B contest was sold out in 20 minutes and no other team in world sport will be under as much pressure as the two that day with 1.3 billion unforgiving cricket-crazy fans following the contest ball by ball. Emotions run high every time the south Asian neighbours, who have fought three wars since independence and share frosty relations over the Kashmir region they both claim, clash on a cricket ground. Pakistan, champions in 1992, have never beaten twice winners India at a World Cup. Many of their fans would not mind their team crashing out from the World Cup early, providing they beat their neighbours. “For many, it’s bigger than World Cup. It completely locks out 1.3 billion people. The tension is unbearable and the players’ effort level doubles. We could never beat India in World Cup but, God willing, that would soon happen” AFP Napier N ew Zealand flayed Pakistan’s attack on the way to a crushing 119-run win during the second one-day international in Napier yesterday. The win means the Black Caps take the series 2-0 and maintain momentum ahead of this month’s World Cup, while Pakistan look in disarray after two poor displays. The New Zealanders ran riot after winning the toss and electing to bat, ending their innings at 369 for five, their highest ever score against Pakistan. Kane Williamson top-scored with 112, Ross Taylor finished 102 not out with a boundary off the last ball and opener Martin Guptill also contributed 76. In contrast, Pakistan medium pacer Bilawal Bhatti recorded the worst bowling figures in the country’s ODI history, leaking 93 runs off his ten overs without taking a wicket. Bhatti was far from the only underperformer and captain Misbah ul-Haq said his team needed to make huge improvements for the World Cup. “We’re nowhere near our best. We need to improve a lot in virtually everything, we need to improve our batting and bowling, and especially the death bowling,” he said. His New Zealand counterpart Brendon McCullum was thrilled at his side’s form ahead of the tournament, where they are looming as a dark horse. “We’ve got to be happy with where we’re at,” he said. “We’ve played, I guess, a couple of perfect games. The challenge for us now is to maintain that freshness and momentum we’ve built up.” The 369 total was the Black Caps’ fifth highest in one-day history, surpassed only by scores against secondtier nations Zimbabwe and Canada. Pakistan’s batsmen could only manage 250 in reply before they were bowled out in 43.1 overs, although they were chasing the game after a dismal bowling effort. Only Wahab Riaz in 2013 has conceded as many runs as Bhatti in 10 overs, but he at least took two wickets against South Africa. Ehsan Adil fared little better against the New Zealanders, taking one wicket but going for 8.5 an over. Mohamed Irfan was the sole bowler who appeared remotely threatening, finishing with two for 52. With Pakistan’s frontline attack failing, captain ul-Haq was forced to call on his part-timers. But Younis Khan, Haris Sohail and Ahmed Shehzad had no answers, taking only one wicket between them at the cost of 93 runs. McCullum set the tone for the hosts with a typically aggressive cameo of 31 before Guptill and Williamson brought up New Zealand’s 100 off 18.2 overs. They both cruised to half centuries, with New Zealand on 152 at the halfway mark. Williamson stepped on the gas after Guptill was dismissed for 76, moving from 63 to 100 in the space of eight overs. The 24-year old finally fell for 112 to Irfan but Ross Taylor then stepped in to club a 70-ball century in his 150th oneday international, smashing Bhatti onto the roof of the stands. Taylor appeared in danger of remaining stranded in the 90s in the final over, but a six and a four in the final two balls took him to 102. Pakistan’s openers Mohamed Hafeez and Shehzad made an excellent start chasing down the mammoth total, SCOREBOARD New Zealand M Guptill c Bhatti b Shehzad ... 76 B McCullum b Afridi ..................... 31 K Williamson c Sohail b Irfan... 112 R Taylor (not out) .......................... 102 G Elliott c Sohail b Adil................ 28 L Ronchi c Ahmed b Irfan ......... 0 N McCullum (not out) ................. 9 Extras (w5, lb6).............................. 11 Total (5 wickets, 50 overs) ....... 369 Fall of wickets: 1-43 (B McCullum), 2-171 (Guptill), 3-250 (Williamson), 4-322 (Elliott), 5-340 (Ronchi) Bowling: Irfan 10-0-52-2, Bhatti 10-0-93-0, Afridi 10-0-57-1, Adil 8-0-68-1, Sohail 6-0-47-0, Khan 2-0-17-0, Shehzad 4-0-29-1 Pakistan M Hafeez c Milne b Elliott ......... 86 A Shehzad c Milne b McCullum 55 notching half-centuries at a little over a run a ball. Shehzad went for 52 dancing down the wicket to attack spinner Nathan McCullum but holing out to the man on the boundary. Younis Khan could only manage 11 Y Khan c Southee b McCullum 11 M-ul-Haq c Taylor b Southee ... 45 S Afridi c Elliott b Vettori ........... 11 U Akmal b Milne............................. 4 H Sohail c B McCullum b Milne 6 S Ahmed b McCullum b Elliott 13 B Bhatti c Guptill b Southee ..... 9 E Adil c Ronchi b Boult ............... 1 M Irfan (not out) ............................ 0 Extras (w6, lb2, nb1) .................... 9 Total (all out, 43.1 overs) ........... 250 Fall of wickets: 1-111 (Shehzad), 2-130 (Khan), 3-173 (Hafeez), 4-187 (Afridi), 5-194 (Akmal), 6-206 (Sohail), 7-227 (Ahmed), 8-248 (Bhatti), 9-250 (ul-Haq), 10-250 (Adil) Bowling: Southee 8-0-52-2, Boult 8.1-0-35-1, Vettori 10-0-41-1, Milne 8-0-52-2, N.McCullum 5-0-33-2, Elliott 4-0-35-2 as the run rate steadily crept higher, reaching almost 9.6 at the half-way mark. Hafeez (86) and dangerman Shahid Afridi (11) both went as they lashed out trying to lift the pace and when Misbah departed on 45, it was all over. The rivalry assuming the Orwellian concept of serious sport - war minus shooting. “For many, it’s bigger than World Cup,” former Pakistan speedster Shoaib Akhtar told a cricket conclave in Delhi on Monday. “It completely locks out 1.3 billion people. The tension is unbearable and the players’ effort level doubles. “We could never beat India in World Cup but, God willing, that would soon happen,” said the quick known as the ‘Rawalpindi Express’. A veteran of many such contests, Harbhajan Singh was part of the eventual champion Indian team who beat Pakistan in the 2011 semi-final at Mohali, a contest that gave him sleepless nights. “The dressing room atmosphere is always tense,” said the feisty off-spinner who could not make the cut for this year’s World Cup. “Much before the dressing room, you think about it in your hotel room. Before last World Cup’s match in Mohali, I could not sleep the night before, thinking what if we lose. “Fortunately we won the next day and again I could not sleep, this time because I was so overjoyed. A defeat against Pakistan means media would roast us and fans would pelt stones at our house,” said the 34-year-old. His teammate from the 2011 squad, Piyush Chawla, said the pressure does not come from the team management. “It comes from elsewhere. Even family members and friends remind us it’s a match against Pakistan,” said the 26-year-old leg-spinner. “Fielding in the deep, you often hear the crowd behind warning you ‘better win this match or it won’t be easy to get out of the stadium’.” SPOTLIGHT Rock star Sohail gives Pak mountain of muscle AFP Napier F rom throwing rocks down mountains and training by swimming across rivers and streams in Pakistan’s troubled north-west, unheralded pace bowler Sohail Khan has come a long way. The 30-year-old was a surprise inclusion in Pakistan’s 15-man squad for the World Cup as he was not considered amongst the favourites until the morning of the announcement. But former Pakistan captain Rashid Latif described Khan as “gate crashing” his way into contention after a string of impressive performances in domestic cricket. “He has gate-crashed into the World Cup squad,” said Latif, credited for grooming the raw talent of Khan in his domestic team, Port Qasim. “His recent performances forced the selectors to give him a chance and I am confident he will make his mark in the World Cup.” Khan took 64 wickets in Pakistan’s domestic season last year and got 10 wickets in a one-day event—an impressive show which forced him into the World Cup squad at the expense of unfit Umar Gul. But it hasn’t been an easy ride for the well-built Khan. As a youngster, dreaming of making a name for himself, Khan used to throw stones down the hills in Malakand agency—the mountainous tribal area in Khyber Pakhtunkhwa province—to build muscle to bowl fast. Deprived of basic cricket facilities, Khan initially played with a tennis ball. “I grew up with a desire to make my in a talent hunt programme before he landed in the safe hands of Latif who honed the tribal talent in his academy. “I never got disheartened. I am now in the World Cup and want to make an impression, be it Virat Kohli (of India) or (Australia’s) David Warner, I want to bowl fast and take wickets for my team” name in cricket,” Khan says. “We did not have any facility to play the game like a ground or a gym so someone told me that if I throw stones over a distance I could build my mus- cle to bowl fast.” Routine swims in the streams and rivers in the tribal area helped further build the body. A relative then told Khan to try his luck in Karachi where he was spotted “I owe a great deal to Latif,” said Khan. “He told me how to use the new ball and how to use different tricks as a fast bowler. What I am today is because of him.” Playing for Sui Southern Gas Corporation, Khan took an astonishing 65 wickets in his debut first-class season in 2007, with eight five-wicket hauls. If that was not enough he recorded the best match figures in a first-class game in Pakistan with 16-189, which broke the long-standing record of Fazal Mahmood who once took 15-76. That was enough to give Khan a place in the national team in the one-day series against Zimbabwe and Bangladesh at home in 2008. A return of four wickets in three matches wasn’t enough to cement his place and in the next three years he managed to play three more one-dayers, two Tests and three Twenty20s, the last in Zimbabwe in 2011. It seemed he would be lost to the game, but Khan’s hard work finally paid off. “I never got disheartened,” said Khan. “I am now in the World Cup and want to make an impression, be it Virat Kohli (of India) or (Australia’s) David Warner, I want to bowl fast and take wickets for my team.” Gulf Times Wednesday, February 4, 2015 5 SPORT SPOTLIGHT CHALLENGE McLaren bogged down by car trouble Rosberg says he has knives sharpened for champ Hamilton ‘I had no expectations. I definitely didn’t think we would go out and pound around. Even the car that won the world championship had a problem second day in’ Reuters London N ico Rosberg (above) says he has sharpened his knives for the new Formula One season and is ready to take on champion Mercedes teammate Lewis Hamilton and anyone else who fancies their title chances. The German, runner-up last year as Hamilton collected his second crown, told the official formula1.com website that he felt stronger than ever and was sure the new Mercedes was better. Asked whether he already had his metaphorical knives “sharpened” for the season, Rosberg said he had started doing that as soon as the last campaign ended in Abu Dhabi. “For now it is Lewis—and whoever else wants to have a go at the knife,” he added with a laugh when asked about the main target. The two Mercedes teammates, who have known and raced against each other from boyhood, had a tense relationship last season as they battled for the title. Rosberg expected more of the same. “We have a relationship that goes up and down—and it will continue to go up and down,” he said. “It is an intense battle between us and that will not change any time soon. “Last year’s experience helps,” he added of this year’s challenge. “It’s that ‘been there, done that’ kind of thing. All the difficult times have made me stronger. It is the difficult moments where I learn the most.” The German said Hamilton, who won 11 races last year to Rosberg’s five, had simply performed better in 2014. “He drove better all in all. Small bits here and there—and I need to find small steps to beat him. And I am going for it,” he said. Mercedes will start the season in Australia on March 15 as clear favourites again and the new car has looked strong in testing in southern Spain, although Hamilton was stopped by a water leak on Monday. Rosberg did almost 700km and 157 laps on the first day at the Jerez circuit, far more than rivals, and said the car was “even better than last year’s”. His dream year, he said, would be a great start followed by “a tough part by mid-season when I lose touch—and then an awesome comeback in the end, winning all the races to total dominance.” Bernie Ecclestone hopes German Grand Prix decision will be made by weekend McLaren driver Jenson Button of Britain sits in his car as he is pushed by members of his team during pre-season testing at the Jerez racetrack in southern Spain. The Guardian London M cLaren’s Ron Dennis wants one of the most notorious scandals in the history of Formula One, which almost resulted in his team being kicked out of the sport, consigned to the musty pages of history. Dennis, McLaren’s chairman and chief executive, made his plea as he welcomed Fernando Alonso back to the team. Alonso and Lewis Hamilton were the McLaren drivers in 2007 when the team were fined $100mn, a record for any sport, after a 780-page document containing confidential technical information about Ferrari’s car was found in the possession of McLaren’s chief designer, Mike Coughlan. Dennis and Alonso had a difficult relationship. In November 2007 the Spaniard left McLaren after one season and returned to Renault for the 2008 campaign. “It [the scandal] could be dissected in lots of ways but it is the past,” Dennis said. “The whole thing took on a mo- mentum and was very controversial for the whole sport. It was heavily amplified and everyone got pretty bruised by it. But everyone has moved on. I am mellower, Fernando has matured and there are other people who were involved. To go back into it would be a waste of time. Actions speak louder than words and we need to get on with racing and enjoy the experience.” Dennis, 67, who is the most successful team chief in the history of F1, added: “It is not so much pragmatic, as do we need to feel angst over this any more? Or do we want to get on with enjoying motor racing? One of the best things about Fernando is that he loves his motor racing. If you go back to Ayrton [Senna], he hated the politics and the controversy, even the controversy he sometimes caused. He retired two or three times behind the scenes because he was frustrated with things he didn’t like. Why should we keep going back to something that isn’t positive? We are looking for a positive way forward.” Dennis denied that Alonso demanded No1 status in his return to McLaren. “He never asked for a single thing to be inserted into his contract,” he said. McLaren are attempting to move on off the track but they have plenty of problems on it following their reunion with the engine suppliers Honda. On Monday Jenson Button completed only six laps in the MP4-30 and his lap time was 33 seconds slower than the fastest man, Sebastian Vettel in his Ferrari. On Sunday, the first day of testing, Alonso, Button’s teammate, also managed six laps. Button said: “I had no expectations. I definitely didn’t think we would go out and pound around. Even the car that won the world championship had a problem second day in. It’s a very complex power unit. We have our head around it and understand the issue, so we’re hoping for much more productive day three and day four.” In the morning Button did five laps. He did come out again in the afternoon but the engine still did not sound right and he returned to the pits after one lap. Vettel, who topped the timings on the opening day, was once again the quickest driver in Monday morning’s run, string- ing together a number of fast laps on his medium tyres and, when he returned to the track later in the morning, he cut almost a second off his best time. It is track time not speed that is most important at this stage of the F1 pre-season and Mercedes were again mightily impressive here in his first run of the week. Hamilton was a second and a half slower than Vettel but much more relevant were the 73 laps hammered out by the champion in the morning. He came out again in the afternoon, which was hampered by rain, and took his total laps for the day to 91, two more than Vettel and three more than Felipe Nasr in his Sauber. Hamilton said: “I got in a good amount of laps. I got a good feel for the car. The car is the worst it will be this year – the balance wasn’t perfect because we weren’t working on set-up – so it could be better. We got good mileage and we should do tomorrow.” The Red Bull car made its debut in disguise, with black and white squiggles covering the bodywork in an attempt to conceal the changes they have made for 2015. The German Grand Prix is once again fighting for survival, with Formula One’s chief executive Bernie Ecclestone declaring that a decision on this year’s event in July will be made by the weekend. The failure of the event in Germany is a mystery given the country has in Mercedes the dominant team in modern F1 and two of the leading drivers of the current era in Nico Rosberg and Sebastian Vettel. Then, of course, there is Michael Schumacher, the most successful driver in the history of the sport with seven world championships and 91 GP victories. But at Hockenheim last year there were just 52,000 spectators on race day, with only 45,000 at The Nurburgring the year before. “I am sorry that there will not be a Formula One race in Germany,” Ecclestone told the Rhein-Zeitung newspaper on Monday. “It is just a case that as the attendance has been so low for the last few years that it is not commercially viable for the promoters in Germany. “We’re trying to rescue it, but I can’t guarantee we will.” TESTING Raikkonen continues fast start for Ferrari GOLF McIlroy’s lawyers in talks with former agents to settle dispute AFP Dublin H opes were rising yesterday that world number one Rory McIlroy might be spared a protracted court battle with his former management company ahead of the US Masters in April as proceedings were twice deferred at Dublin’s High Court. Northern Irish star McIlroy’s senior counsel, Paul Gallagher, saying “the parties are making progress”. McIlroy now needs just the Masters to become only the sixth golfer in history, and the first from the British Isles, to win all of golf’s four major titles—British Open, US Open, US Masters and US PGA. However, there are concerns that McIlroy, who won the Du- Rory McIlroy (centre) arrives at the High Court in Dublin. bai Desert Classic last weekend, could be distracted in his Masters preparations by what he himself admitted was “not a nice process”. McIlroy is both suing Conor Ridge’s Horizon Sports Management company and being counter-sued over the terms of an agreement he struck with the firm in 2011. The deal, which was renegotiated in 2013, was to last until 2017, with Horizon receiving commission on the golfer’s financial dealings. McIlroy has taken action over over £4.2million (5.6million euros, $6.3million) in fees to Horizon from his earnings on and off the course. Horizon, meanwhile have argued they have a contract with McIlroy entitling them to a share of his endorsement earnings until 2017. McIlroy terminated his contract with Horizon in September 2013, forming his own company to manage his affairs, Rory McIlroy Inc. He argued the terms of his deal were vastly inferior to those signed by other golfers at Horizon, including fellow countryman and major winner Graeme McDowell. He claims Horizon charged almost four times what top ten golfers pay to agents. McIlroy was with Horizon when he signed a sponsorship deal with equipment manufacturers Nike in early 2013, said to be worth $100 million over five years, and also signed other high-worth deals. On the course, he won the 2011 US Open, the 2012 US PGA and became world number one for the first time in his career. Four-time major winner McIlroy did not talk to reporters as he arrived at court dressed in a a dark navy suit and wearing glasses. But before his success in Dubai, McIlroy said the legal dispute was not something he would “want anyone to go through”. “It’s not a nice process. It’s a shame it’s went this far but it’s hard when two sides see things completely differently,” he said. “The only way to sort it out is to get a judge to come in and tell us what to do.” Ferrari driver Kimi Raikkonen of Finland during pre-season testing. AFP Jerez K imi Raikkonen followed new Ferrari teammate Sebastian Vettel’s lead as he went fastest early on in day three of pre-season testing in Jerez yesterday. The Finn was the last man to deliver a world title for the Italian giants back in 2007 and hopes will be rising in Maranello ahead of the new season after the new SF15-T went fastest for the third consecutive day. Raikkonen was almost four seconds down on the fastest time set by Vettel on Monday, but his best of 1min 24.074 in 44 laps still led the field. Double world champions Mercedes continued to lead the way in mileage as Nico Rosberg racked up 93 laps to add to his world record 157 lap effort on day one. However, it wasn’t all plain sailing for the German as his W08 had to be towed back to the garage after stopping on the track shortly before lunch. McLaren-Honda may have been the happiest team yesterday, though, as after a difficult first couple of days in which Fernando Alonso and Jenson Button managed just six laps apiece, Alonso was able to log 32 laps, albeit at the slowest pace on the grid over 11 seconds back on Raikkonen. Rookies Felipe Nasr and Carlos Sainz also got some valuable time in their respective Sauber and Toro Rosso cars. Nasr, who was second fastest on Monday, had to settle for third behind Raikkonen and Rosberg on his 38 laps. Meanwhile, Sainz gave the Spanish fans more to see than the home hero Alonso as he completed over 50 laps in going fourth fastest. 6 Gulf Times Wednesday, February 4, 2015 FOOTBALL FEATURE SPOTLIGHT FEATURE Legacy of Asian Cup will endure Even seemingly dispassionate ‘neutrals’ flocked to the stands By Richard Parkin theguardian.com “ I have long dreamed of a football event this big coming to Australian shores.” Thus spake the man dubbed by Frank Lowy as “the face of the Asian Cup”, and while there may have been no sign of the Captain Ambassador Lucas Neill come tournament’s start, by anyone’s measure the 2015 Asian Cup has been a phenomenal success. With 500 days to go to the tournament, the CEO of the Local Organising Committee, Michael Brown, spoke effusively of the high hopes for ticket sales, and of the rising interest among the broader public. With twinkling eyes, showing glimpses of both snake oil peddler and barely-concealed terror, he spoke of a dream of selling half a million tickets. Half a million tickets – for North Korea v Uzbekistan; for Qatar v Bahrain; for Oman v Kuwait? In Newcastle? As a sports-obsessed nation continued to seem nonplussed, organisers rolled out Socceroos icon Rale Rasic, press-ganged a grimacing HG Nelson for its ads, and threw good money after bad at Alessandro Del Piero. A man who spent two decades plying his trade in one of Europe’s top leagues was always a bizarre choice of figurehead for Asia’s pre-eminent tournament – but one that betrayed a fear of failure and a desire to seduce the ‘swinging voter’ of the notoriously fickle Sydney sports market. And whilst the gimmicks rang hollow, the football rang true. 649,705 people flooded through the turnstiles – at an average of 20,303 per game. Refer to the census and officially only 69 North Korean nationals call Australia home. But amid torrential rain more than 12,000 came to watch the reclusive nation’s debut against Uzbekistan. Newcastle discovered a hidden Palestinian community, and from Brisbane to Melbourne the fans of Iran’s Team Melli set a tremendous bar for noise, colour and pageantry. Not only did diverse ethnic communities wholeheartedly embrace the tournament, but seemingly dispassionate “neutrals” flocked to the stands. Then there was the football. Fierce rivals Iran and Iraq played one of the all-time great finals matches, steeped in drama, goals and passion; all of this then topped with Younus Mahmood’s brazen panenka . Palestine scored their first ever goal at a major tournament, Tim Cahill’s spectacular bicycle kick broke the hearts of the world’s most populous nation, and then of course – there was that final. Such is the commercial pressure in world sport these days, major tournaments often come with a sickening sales effort, manufacturing and spreading a maudlin sentimentality. But for every “China adopts Aussie ballboy” media sensation, there were countless tales of genuine inspiration – the football federation boss and the remarkable trip for fifty Iraqi women , the stories of Palestinian fans Mohammad Othman and Zaid Jubran, and the Iranian women who defied their government with their message of protest . For one month, the stories and cultures of West and East Asia flooded the Australian consciousness. For Aussie kids raised on the “blood and thunder” version of sporting hero, there is now a new household name. With In this photo taken on January 31, Australia’s Tim Cahill holds the Asian Cup after the final against South Korea in Sydney. Cahill was one of the heroes of Australia’s victorious campaign. English Premier League idols and Serie A greats on display, who would have ever expected that the star of the tournament and name on everybody’s lips would be that of the slightly-framed Emirate genius, Omar Abdulrahman? For a nation that too often buys into clichés of West Asian players as divers and time-wasters, to recognise such a gifted player for the talents he possesses is a telling shift in the collective psyche. As I walked into my local pub to watch Japan v Palestine, I pass two men, both “anglo” and in their 50s, poring over a map on a mobile phone. For half a century it wasn’t a question that had stirred them, but now they were as eager as schoolboys to find out exactly where Uzbekistan was. For so long perceived a backwater of the world, in an era of such increasing globalisation it is no longer possible to deny Australia’s geographical location. If, as Paul Keating alleges, the Menzies era “sunk a generation of Australians in Anglophilia and torpor” than through events such as this, many are beginning to accept that our nation’s future does in fact lie with the 4.4 billion souls of this expansive and diverse continent. Yes, the machinations and even prejudices of some (now fallen) state governments may have meant that many, especially in the key cultural hub of Melbourne, had only limited exposure to the magic of the cup; while the tyranny of distance robbed fans from Adelaide or Perth of the opportunity to share in the spectacle first hand. But in Sydney, home to the corridors of power of Football Federation Australia and its apparatchiks, one senses strongly that irrevocable and durable ties have been forged between a once distant island continent and it’s northern neighbours. Not only have Australians learned more about the continent of Asia, but conversely Asia has learned more about us. Whilst hundreds of millions of Chinese viewers may not have been treated to the dulcet stylings of Andy Harper, they were exposed to some quality football, seamless organisation, and impressive facilities. Let’s all just agree to forget the Brisbane pitch. In 1994, hosting the World Cup put football (or soccer) on the map in the United States. An average attendance of 68,991 witnessed the heroics of Hristo Stoichkov, the mercurial Gheorghe Hagi, and of course, the Divine Ponytail’s infamous penalty miss. Not bad for a country that didn’t even have a professional league. Today, 30 per cent of households in America boast at least one soccer player – a rate only bested by baseball – as the round ball game continues to grow. Co-hosting the 2002 World Cup saw Japan and Korea invest over $7.6 billion into new stadia and infrastructure, with one report citing an economic return of $33 billion for the two countries. If these figures are debatable, less so is the 15% increase in attendance that followed over the next two seasons of the J-League. The economic and geo-political benefits of the Asian Cup may be hard to quantify; but for millions of casual viewers, the Asian Cup has entrenched a new image not just of Australia, but also of football in this country. This win validates the footballing philosophy of coach Ange Postecoglou, his mandate for renewal, and his policy of selecting technically gifted, possession-seeking players. It shows the Asian continent that football is Australia is only increasing in quality, that our league deserves respect, our players are worth courting, and that far from being a peripheral nation, our quest to improve as a footballing power is inextricably bound with Asia’s own. FFA may have missed an opportunity yesterday to bring our league into closer alignment with those of Asia, through a “4+1” foreign visa spot initiative, but already through signings such as Yusuke Tanaka, Yojiro Takahagi, and Lee Ki-je clubs are showing a willingness to turn to Asia. The legacy of the Asian Cup may not always be directly palpable, but in the minds and hearts of many a profound shift has occurred. Ten years after our entry into the Asian Confederation, Australia has finally held its housewarming party. BBC to lose live Open coverage to Sky Sports from 2017 Reuters London L ive coverage of The British Open will disappear from the BBC from 2017 after the Royal & Ancient (R&A) announced yesterday that a deal had been struck with paychannel Sky Sports. Sky will have exclusive live rights for the major championship from 2017-21, with the BBC screening a daily two-hour prime time highlights show and continuing its live radio coverage, the R&A said in a statement. The Open, like the Wimbledon tennis championships, has long been regarded as one of the ‘crown jewels’ of British televised sport and the decision to remove it from the shrinking list of free-to-air events is a controversial one. Veteran BBC commentator Peter Alliss, whose voice has become synonymous with the tournament, led the chorus of disapproval. “It saddens me because I have been working since 1961 but it really saddens me because all golfers throughout Britain and Europe will miss the BBC,” he told BBC Radio 5. “I don’t think there will be a golfer that won’t be bitterly disappointed at the news today.” Former world number one Lee Westwood labelled the move “a disgrace” as speculation grew that the BBC would pull the plug on its live coverage after 60 years. But the decision was welcomed by former British Open champion Tony Jacklin. “Sky are dedicated to the sport,” the 70-year-old Englishman and four-times European Ryder Cup captain told Reuters. “I’ve worked with their team for the last three years and I think they’ve done a great job for golf and for the European Tour. “Let’s face it the people who play golf and love golf are going to have Sky so from a financial point of view, and at the end of the day money talks, if the R&A are going to be able to do more for the grassroots of golf with the extra money they are getting, it’s a good arrangement.” The new TV deal will begin at the 146th Open to be played at Royal Birkdale in 2017. Despite the inevitable criticism that people without satellite TV contracts will be excluded from following hole-by-hole coverage of golf’s oldest major, R&A chief executive Peter Dawson welcomed the deal. “We believe this is the best result for The Open and for golf,” he said in a statement. “The way people consume live sport is changing significantly and this new agreement ensures fans have a range of options for enjoying the Championship on television, on radio and through digital channels. Veteran BBC commentator Peter Alliss, whose voice has become synonymous with the tournament, led the chorus of disapproval “Sky Sports has an excellent track record in covering golf across its platforms and has become the home of live golf coverage over recent years.” The deal, reported to be worth 10 million pounds ($15.1 million) a year to the R&A, compared to the 7 million a year the BBC was paying for live rights, will help golf halt the decline in grassroots participation, according to Dawson. “Importantly, the new agreement will enable us to increase substantially our support for golf in the United Kingdom and Ireland,” he said. Sky Sports already shows live coverage of the U.S. Masters, the U.S. Open, the U.S. PGA championship and the Ryder Cup. The R&A said that commercial breaks, the lack of which make the BBC’s coverage so popular, would be kept to a maximum of four minutes per hour, with none longer than 60 seconds. Qatar Volleyball League Action from the Al Sadd- Al Ahli match in the Qatar Volleyball League yesterday. Al Ahli won 17-25, 25-13, 25-22, 25-23. PICTURE: Thajudeen BOTTOMLINE Olympic changes won’t affect athletics: Bubka Reuters Berlin A thletics will retain its prominent position despite changes to the Olympic programme that could see fewer events but more sports, IAAF presidential candidate Sergey Bubka said yesterday. The Ukrainian, who won a pole vault gold medal in the Games, six consecutive world championships and set 35 world records, is taking on Britain’s Sebastian Coe in a race to become the head of the International Association of Athletics Federations. Fellow IAAF vice-president Coe, a double 1,500 metres Olympic champion and chief organiser of the London 2012 Games, announced his candidacy late last year. The election is set for August. Bubka said planned changes to the Olympics, allowing more sports at the expense of some events and disciplines of existing competitions, would not affect athletics. “We are very proud to be the number one sport of the Olympics and we have a strong po- sition within the movement,” the 51-year-old told Reuters in an interview. “The IOC looks to make the programme attractive and I am confident athletics will keep its strong position,” said Bubka who is also an International Olympic Committee member. International federations have been jostling for position since the changes were voted in late last year, with some IOC members also proposing the scrapping of athletics competitions including the triple jump. “I think we will keep 47 events with 2,000 athletes. We will be in the same position as before but we need to look closely and cooperate,” Bubka said. However, with a shortage of recognisable personalities, an ageing audience, a continuing struggle to attract interest in the United States and the dark shadow of doping, athletics has its work cut out. Much of his presidential manifesto is based on cooperation, with the Ukrainian Olympic Committee president and successful businessman wanting to empower national federations to maximise reach and profit with the help of the IAAF. “More decentralisation and make continen- tal associations stronger,” he said of his plans. “When we make strong national federations we can be very powerful and very successful.” Bubka also wants to boost the fight against doping, with athletics once more in the spotlight after recent revelations regarding the use of banned substances by Russian competitors. The Ukrainian great, who unsuccessfully ran for the IOC presidency in 2013, said an extraordinary meeting of all stakeholders, from athletes to broadcasters, would be needed to review all aspects of the sport and come up “with a road map”. Bubka said it was positive for the sport that both candidates were former top athletes. “I think it is good because you have a very good background for athletes. It means you have different kinds of experience and knowledge. This is very helpful to transfer to the success of the leadership of the IAAF,” he explained. Asked whether other federations, specifically world soccer’s under-fire governing body FIFA, should follow suit, he said: “It is very positive. “If we look at Olympic history we see more and more former athletes involved in sports administration. I think this is a good direction.” Gulf Times Wednesday, February 4, 2015 7 SPORT NFL Patriots Super duo Brady, Belichick far from done ‘I just love the game. I love playing. I love representing our team’ AFP Glendale, Arizona F ifteen years into their remarkable partnership, with their fourth Super Bowl crown secured in dramatic style, Patriots coach Bill Belichick and quarterback Tom Brady have no plans to slow down. “I’m still in the midst of my career,” the 37-year-old Brady said Monday, not ready to talk about his place in National Football League history. “I just love the game. I love playing. I love representing our team.” In a league whose salary cap discourages dynasty building and promotes parity, Brady and Belichick have endured to become arguably the most successful coach-quarterback pairing ever. With their 28-24 come-frombehind triumph over Seattle in the NFL’s title showpiece, the Patriots ended a 10-year title drought, easing the bitter memories of two Super Bowl losses to the New York Giants in that span. They also denied the Seahawks the second straight Super Bowl crown that would have established a young Seattle team as the NFL’s newest dynasty. It was an impressive end to a season in which Brady and the Pats looked to be showing their age, and accusations of cheating in the “Deflategate” controversy dredged up memories of the 2007 “Spygate” illegal videotaping affair for which Belichick and the Pats were punished. With the NFL still probing whether the Patriots purposely used under-inflated footballs to gain an edge in a playoff win over Indianapolis, Brady said he’s not concerned if the issue will shadow his achievements. “I just haven’t had much thought into that,” he said Monday. “We’ve just been focusing on our game and I’m sure that stuff will take care of itself over the next however long it takes. “It was a great accomplishment by our team last night. It was a great victory. We should all be proud.” New England Patriots head coach Bill Belichick (right) celebrates with quarterback Tom Brady after defeating the Seattle Seahawks in Super Bowl XLIX at University of Phoenix Stadium on Sunday. Although Brady snagged his third Super Bowl Most Valuable Player award, it was an unknown—cornerback Malcolm Butler—who made the play that saved the Patriots. It was Butler who recognized the formation being used by Seahawks’ quarterback Russell Wilson and intercepted the short pass in the waning seconds that would have given Seattle the victory. “It happened so quick,” said Brady, who jumped up and down on the sideline like a kid when he realized what Butler had done. “There was a lot of highs and lows to the game and that was a great high. It took a great effort, like I said. Malcolm made a huge play to save our season. It took a lot of guys, a lot of effort, and a lot of individual efforts. Collectively as a team, we made plays to get the job done.” The fact that Butler—un- SPOTLIGHT Falcons appoint Seattle defence dynamo Dan Quinn new coach AFP Glendale, Arizona F ormer Seattle Seahawks defensive coordinator Dan Quinn is the Atlanta Falcons’ new coach, the NFL club announced Monday, a day after Seattle lost to New England in the Super Bowl. Quinn, whose Seahawks’ defensive unit allowed the fewest points and yards in the league over the past two seasons, reportedly signed a five-year deal with the Falcons before owner Arthur Blank announced his hiring. “I am grateful for this opportunity and I am excited to be the head coach of the Atlanta Falcons,” Quinn said. “This felt like the right fit from the beginning.” The Falcons had to wait until the Seahawks, who lost to New England 28-24, completed their playoff run before they could make any agreement official. “I want to thank Mr. Blank for his resolve as this was an extended and complicated process,” Quinn said. “My goal is to build Dan Quinn signed a five-year deal with the Falcons before owner Arthur Blank announced his hiring. upon the foundation that has been laid here and to play a physical brand of football as we build a championship-caliber team.” Atlanta fired coach Mike Smith after a 6-10 season, the Falcons’ second losing campaign in a row. Quinn, 44, masterminded a Seahawks’ defensive squad that permitted only 14.4 points and 273.6 total yards a game in the 2013 season, which ended with the Seahawks routing Denver 43-8 in last year’s Super Bowl. And that was Quinn’s first season as an NFL defensive coordinator, a role he had for two seasons at the University of Florida before joining the Seahawks as an assistant and defensive line coach from 20092010. This past season, the Seahawks allowed only 15.9 points and 267.1 yards a game on the way to repeating as National Conference winners. “This is an exciting day for the Atlanta Falcons franchise and our fans,” Blank said. “Dan is a talented football coach who has a deep and diverse history in the game which will serve us well. “He has a definitive plan for our football team and what it will take to win on a consistent basis. He also has a proven ability to develop players by maximizing their individual strengths.” claimed in the NFL draft after toiling in the lower ranks of college ball—was even there was a testament to Belichick’s uncanny ability to find championship material in unexpected places. That includes his most famous longshot—sixth-round draft pick Brady. Judge blocks NFL concussion settlement, demands changes A US judge refused on Monday to accept a proposed settlement between the National Football League and thousands of retired players over concussions, saying changes were needed before she would approve it. Ruling one day after the Super Bowl, US District Judge Anita Brody in Philadelphia said the accord should expand payment eligibility for some players and families. Among the changes she wants is an assurance that retired players who died of the brain disease chronic traumatic encephalopathy after she granted preliminary approval of the accord last July 7 should be covered. The NFL had agreed to pay $4mn each to families of former players who died from CTE before July 7, but nothing to those diagnosed afterward. Brody also said the settlement should provide for some credit for play in the World League of American Football, the NFL Europe League and the NFL Europa League, and allow for testing of more players “regardless of funding limitations” in the agreement. The judge said the modifications would “enhance the fairness, reasonableness, and adequacy” of the settlement. “We will work with the National Football League to promptly address the issues raised in Judge Brody’s order, and remain confident this settlement will receive final approval.” “Sometimes things just work out,” Belichick said of the inexact science of team building. “It’s not always a great plan. Sometimes, it’s just the way things fall.” Falling things were very much on the minds of the Patriots as snow buried the New England region for the third time in a week, the latest storm forcing the city of Boston to postpone the scheduled Patriots celebration parade from Tuesday to Wednesday. A planned rally at City Hall Plaza will not be staged due to the large amounts of snow in the area. POSTPONED Boston delays Super Bowl parade until today due to storm Reuters Boston B oston will delay until today its parade to celebrate the New England Patriots’ Super Bowl victory, after Mayor Marty Walsh decided on Monday to push the event back a day because of a snowstorm pounding the city. “Due to today’s bad weather and the worsening forecast tonight, the New England Patriots and the city of Boston have made the mutual decision to postpone the victory parade until Wednesday,” Walsh said in a statement. The city had intended to host the parade yesterday. But heavy snowfall is expected to last until about midnight, dropping as much as 14 inches (36 cm), while temperatures on Tuesday are expected to drop as low as 15 F (-9 C). Thousands of fans are expected to turn out to see players including star quarterback Tom Brady and Malcolm Butler, the rookie who snagged a last-minute interception to secure Sunday’s victory over the Seattle Seahawks. The team will tour the city in World War Two-era amphibi- ous trucks known as “duck boats” in what has become a tradition for Boston’s championship clubs. Fans are calling Sunday night’s game one of the best Super Bowls ever, with the Patriots clinching their fourth championship after a heart-stopping sequence of plays in the game’s final minutes. Walsh also cancelled yesterday classes for students in Boston public schools, the second straight day of closures, reflecting the storm. Meanwhile, Seattle Seahawks defensive back Richard Sherman needs tendon replacement surgery to repair a left elbow injury while defensive back Jeremy Lane has a broken left arm, Seahawks coach Pete Carroll said Monday. A day after the Seahawks lost 28-24 to the New England Patriots in the Super Bowl, Carroll detailed the biggest injury setbacks but said he expects Sherman at least to be ready for next season. Carroll said Sherman will have “Tommy John” surgery, the replacement operation common for Major League Baseball pitchers because of strain to their throwing elbow ligaments. 8 Gulf Times Wednesday, February 4, 2015 SPORT Nationwide Insurance defends controversial Super Bowl ad ARIZONA: Nationwide Insurance defended its Super Bowl ad featuring a “dead” boy, saying on Monday that it was intended to start a conversation about preventable accidents, not sell insurance. The ad, labeled by one Twitter user as “the most depressing ever”, has a young mop-haired boy saying sadly that he won’t be able to learn to ride a bicycle or get married because he “died from an accident.” The ad goes on to show an overflowing bathtub, a under-sink cabinet containing cleaning materials with the doors ajar, and a wallmounted flatscreen TV that has crashed to the floor. A female voice intones that at Nationwide, “we believe in protecting what matters most - your kids.” The response was overwhelmingly negative. “Hope you guys are having a great day. Did you know your kid is probably gonna die soon? Enjoy your nachos & funeral planning!,” Rob Fee of Louisville, Kentucky tweeted. Nationwide was unapologetic. “While some did not care for the ad, we hope it served to begin a dialogue to make safe happen for children everywhere,” the company said on its website. (http:// bit.ly/166llio) Companies paid up to a record $4.5mn for 30 seconds during the game on Comcast Corp’s NBC network seen by an estimated 100mn-plus viewers, the year’s biggest television audience. Apart from Nationwide’s ad, Coca-Cola stood out with an anti-bullying message, while brewer Budweiser, owned by Anheuser-Busch InBev, played on happier emotions by again featuring a labrador puppy. Meanwhile, Baltimore Ravens released nose tackle Terrence Cody on Monday shortly before he was indicted in Maryland on animal cruelty charges, officials said. Cody is facing 15 charges that include two counts of aggravated animal cruelty with a dog, five counts of animal abuse or neglect with the same dog and one count of illegal possession of an alligator, Deputy State’s Attorney John Cox said. He was released on $10,000 bail, Baltimore County police said. The Ravens said last week they were going to release Cody after Sunday’s Super Bowl, the earliest that National Football League teams can terminate contracts. NBA Pelicans snap Atlanta’s win streak at 19 games ‘We knew they were going to come out and be aggressive. We just tried to counter that’ AFP New York D ominated from the start, the Atlanta Hawks saw their team-record 19-game win streak—level with the fifthbest in NBA history—snapped Monday with a 115-100 loss at New Orleans. Anthony Davis, fourth among NBA scorers, netted 29 points and grabbed 13 rebounds to ignite the Pelicans to their fifth win in six games. The Hawks, who had not lost since falling to Milwaukee on December 26, were foiled in reaching 20 wins in a row as their streak was snapped exactly two years after the Miami Heat began a run of 27 in a row. “It was a lot of fun,” Davis said. “We knew they were going to come out and be aggressive. We just tried to counter that. “I just tried to come out be aggressive and play hard. I went out with everything I had and all my energy and left it all out there. I feel wonderful.” Atlanta fell to 40-9, stumbling just behind Golden State for the best record in the NBA. The Hawks had not owned the NBA’s best record so late in a season since moving to Atlanta from St. Louis in 1968. The Pelicans jumped ahead 32-22 after the first quarter and kept the margin in double-digits most of the way to the finish. Atlanta made a run early in the third quarter but New Orleans responded and led 88-74 entering the fourth quarter. “We knew they won 19 games in a row for a reason,” Davis said. “We didn’t want to give in. Coach told us they were going to give us a punch and we took it and come back from that and never looked back.” Turkish big man Omer Asik grabbed a game-high 17 rebounds for the Pelicans, who also had 20 points from Eric Gordon and 15 points each from Tyreke Evans and reserve forward Ryan Anderson. Atlanta, which hit only 40of-89 shots from the floor, was led by Jeff Teague’s 21 points. The Hawks, outrebounded 5232, also had 15 points from Paul New Orleans Pelicans forward Anthony Davis drives past Atlanta Hawks forward Paul Millsap during the first quarter of a game at the Smoothie King Center on Monday. Millsap and 12 from Kyle Korver. At 26-22, the Pelicans moved within 1 ½ games of Phoenix for the eighth and final playoff position in the Western Conference. “We think we can win each game,” Davis said. “We believe that. We have to hustle each and every night. If we do that we can give ourselves a chance to make the playoffs.” The Hawks went 17-0 in January, the first team in NBA history to win so many in a month without losing a game. Atlanta had won a club-record 12 in a row over Western Conference foes. Atlanta kept a seven-game edge on second-place Toronto in the overall Eastern Conference race after the Raptors saw their six-game win streak halted with a 82-75 loss to Milwaukee. Elsewhere, Kyrie Irving scored 24 points while LeBron James contributed 18 points and 11 assists in sparking the Cleveland Cavaliers to their 11th NBA victory in a row, beating Philadelphia 97-84 Monday. The Cavaliers captured their seventh home triumph in the win streak and avenged a 95-92 loss at Philadelphia last month which came when James was sidelined to rest a sore back and aching knees. Kevin Love grabbed 15 rebounds for Cleveland while Aussie guard Irving matched a game high with five assists and pulled down five rebounds. Aussie reserve guard Matthew Dellavedova and J.R. Smith each added 12 points for the Cavaliers, who improved to 30-20, hot on the heels of Central division leader Chicago (3019). The Cavaliers are only two wins shy of matching the longest win streak in franchise his- SPOTLIGHT record in the Eastern Conference and second-worst in the NBA. Robert Covington and reserve Jerami Grant each scored 18 points to lead Philadelphia. Results Cleveland 97 Charlotte 92 Brooklyn 102 Milwaukee 82 New Orleans 115 Oklahoma City 104 Dallas 100 Memphis 102 Philadelphia 84 Washington 88 LA Clippers 100 Toronto 75 Atlanta 100 Orlando 97 Minnesota 94 Phoenix 101 NHL Hardaway back in the game as Detroit Pistons assistant coach By Ira Winderman Sun Sentinel T he last time Tim Hardaway coached, he was a father first. This time, the former Miami Heat guard has made the craft a professional priority. And he’s having a blast, finding a calling nearly as fulfilling as those step-back 3-pointers with the Heat or killer crossovers with the Golden State Warriors. “It’s great,” Hardaway said, as he settles into his first season as an NBA assistant coach, working on Stan Van Gundy’s staff with the Detroit Pistons. “I’m learning. And the players relate. They understand I went out there and I did it.” The bug has been in place for years, beyond that volunteer time alongside Tim Jr. at Palmetto Senior High. He tried to latch on with Isiah Thomas at Florida International University, patiently waited a turn that never came with the Heat, as he worked as a team ambassador. And then Van Gundy called after taking over the entire Pistons basketball operation this past offseason. “It’s like being around my son, basically, because that’s what these guys are, they’re 22, tory, set during the 2009-2010 season before James departed Cleveland to spent four seasons in Miami until his return last July. Cleveland can match a clubbest 13-game win streak by beating the visiting Los Angeles Clippers on Thursday and winning Friday at Indiana. A potential 14th win in a row could come Sunday when the Los Angeles Lakers visit the Cavaliers. The 76ers, averaging an NBA low 89.6 points a game coming into the contest, suffered their seventh consecutive road defeat and fell to 10-39, the worst 23, 24, 25 years old, that we have on this team,” Hardaway said, with the Pistons to host the Heat at the Palace of Auburn Hills on Tuesday night. “I treat ‘em like my sons.” Heat coach Erik Spoelstra, who has maintained a relationship with the Palmetto staff, saw the possibilities during Hardaway’s time in that gym, before the younger Hardaway went off to play at Michigan. “He helped out one of my friends who coached at Palmetto, who coached Junior there,” Spoelstra said, “and Tim Sr. ended up helping out the last couple of years as a volunteer assistant and I think he really took to it, and he really did a good job with player development. “I think it just took him finally deciding, ‘I want to give this a real shot,’ the whole deal, the lifestyle, possible move and everything that comes with coaching.” For years, Heat President Riley had moved those he had worked with onto the Heat staff, from Bob McAdoo to Keith Askins to Juwan Howard. But as Spoelstra emerged as more of a presence, Riley backed off. All the while, Riley was monitoring Hardaway, keeping him within reach in a community-relations role, similarly to how he had cultivated Alonzo Mourning for a role in the Heat front office. “We were coming very close to making a decision with Tim to have him work with our point guards,” Riley said. “Look, he’s one of the greatest players that I ever coached, one of the greatest point guards that I ever coached. He’s a great competitor. He knows the position. He’s very smart. But we always had a plethora of coaches, a lot of ‘em. “He did a great job for the organisation in being an ambassador with Zo, and then he went out and scouted. I think he learned a lot when he went to summer leagues and stuff with our guys. But it just wasn’t happening right now. And it doesn’t mean it wouldn’t have happened down the road. But when Stan called, I said, ‘You know what Tim? This is a great opportunity. This is what you want.’ And he totally agreed.” Before, coaching was as much novelty as passion for Hardaway, including a stint as playercoach of the Florida Pit Bulls of the minor-league ABA, a team that briefly played at the Florida Panthers’ arena. This current leap, Riley said, shows a true commitment. “Now he’s getting his feet wet completely,” Riley said. “So I’m happy for him. I really am. He’s in the bubble, he’s inside the bubble. Once you’re back in the basketball bubble, then you’re back in the competition.” Oilers beat Sharks 5-4 in shootout to end California skid Agencies Los Angeles J ordan Eberle had two goals in regulation and Rob Klinkhammer scored in the 13th round of the shootout to help the Edmonton Oilers snap a 15-game losing streak in California by beating the Sharks 5-4 on Monday. After winning three straight against the past two Stanley Cup winners and the team with the best record in the NHL - Los Angeles, Chicago and Anaheim - the Sharks struggled once again against one of the league’s bottom dwellers in what has become an all-too-familiar pattern this season. The Sharks are 7-0-2 against the four teams currently in first place in their divisions, but have now lost eight of 13 games against the bottom six teams in the league. ‘‘It’s tough,’’ forward Logan Couture said. ‘‘It’s been that way for a while for us. I wish we could explain it. If we all knew the reasons why then it wouldn’t happen.’’ Justin Schultz tied the game with 2:37 remaining and Derek Roy also scored for the Oilers, who last won in the Golden State on April 1, 2012, when they beat Anaheim 2-1. Edmonton had since lost five games each in San Jose, Los An- geles and Anaheim before breaking through against the Sharks. Viktor Fasth made 33 saves, robbing Joe Pavelski of a potential hat trick in the closing seconds of regulation and stopping 12 of 13 shots in the shootout. ‘‘What a great hockey game,’’ Oilers coach Todd Nelson said. ‘‘We stuck with it and got rewarded. There were a lot of solid efforts. We faced some adversity there. ... They earned their goals. Overtime was exciting. Vic was outstanding, especially in the shootout.’’ Meanwhile, defenseman Dan Boyle’s fluky third-period goal proved to be the difference as the New York Rangers held off the Florida Panthers 6-3. Boyle’s goal at 8:10 was a seemingly harmless fling to the net that deflected off the stick of Panthers defenseman Willie Mitchell and past goaltender Roberto Luongo for the deciding goal. Rick Nash scored twice for the Rangers (29-15-4), including an empty-netter with 1:53 to go in regulation, to increase his season total to a league-leading 31. Results NY Rangers Calgary Edmonton 6 Florida 5 Winnipeg 5 San Jose 3 2 4 Gulf Times Wednesday, February 4, 2015 9 FOOTBALL SPOTLIGHT FIFA ELECTIONS Chelsea sign up Cuadrado on deadline day ‘I am very happy and thankful for this opportunity. This is a great club and it is like a dream to join the Chelsea family and to know that the manager believes in me’ File picture of Colombia’s midfielder Juan Guillermo Cuadrado (left) in action during the 2014 World Cup match. English club Chelsea have signed him from Fiorentina. AFP London C helsea made the biggest splash on a low-key transfer deadline day as the Premier League leaders signed Colombia international winger Juan Cuadrado from Fiorentina on Monday. Chelsea manager Jose Mourinho had been linked with a move for Cuadrado for several weeks and he finally landed his target after making room in his squad by selling German World Cup-winning winger Andre Schuerrle to Bundesliga title challengers Wolfsburg. Cuadrado, 26, signed a four-and-ahalf-year contract with the west London club and told Chelsea’s website: “I am very happy and thankful for this opportunity I’ve been given. “This is a great club and honestly, it is like a dream to join the Chelsea family and to know that the manager believes in me. I’m happy.” Cuadrado, who had been at Fiorentina since 2012 after joining from Udinese, caught the eye with some sparkling per- formances for Colombia at last year’s World Cup, where his country reached the quarter-finals. He is reported to have cost Chelsea an initial fee of £23.3 million ($34.9 million, 30.8 million euros), which could rise to £26.8 million. As part of the deal, Chelsea’s Egypt winger Mohamed Salah joined Fiorentina on loan until the end of the season. Meanwhile, left-back Ryan Bertrand’s season-long loan move to Southampton from Chelsea was turned into a permanent deal for a reported fee of £10 million. Wilfried Bony’s switch from Swansea City to Manchester City for a reported initial fee of £25 million was the biggest deal of the window in the Premier League. Despite more than £110 million being spent, spending was down in England compared to previous January transfer windows, but total spending over the entirety of the 2014-15 campaign represents a new record. FLETCHER, ZAHA LEAVE UNITED After 342 appearances, Scotland captain Darren Fletcher left Manchester United for West Bromwich Albion on a free transfer after falling out of favour under manager Louis van Gaal. “I’ve spent my career at United and it’s all I’ve ever known,” Fletcher told the West Brom website after penning a twoand-a-half-year deal with an option for a further year. “But I felt it was the right time to move and I’m not sentimental about doing that—I have great memories obviously, but I’m now a West Bromwich Albion player and I cannot wait to get going.” Wilfried Zaha’s disappointing spell at United also came to an end as his loan move to former club Crystal Palace was made permanent for an undisclosed fee. The 22-year-old Ivory Coast-born winger joined United for a fee that could have risen to £15 million in 2013, but made just four appearances at Old Trafford and returned to Palace on loan last August. Zaha was joined at Selhurst Park by South Korea midfielder Lee Chung-yong, who signed from second-tier Bolton. Another winger moving to pastures new in search of first-team opportunities was Tottenham Hotspur’s Aaron Lennon, who was loaned to Everton. Meanwhile, Tottenham signed 18-year-old midfielder Dele Alli from Milton Keynes Dons on a five-and-ahalf-year contract for a fee of around £5 million before loaning him back to the third-tier club. On a busy day at White Hart Lane, Spurs also tied break-out star Harry Kane to a long-term contract and released Cameroon left-back Benoit Assou-Ekotto. As well as securing Bertrand’s services on a permanent basis, Southampton also signed Benfica’s Serbian international midfielder Filip Djuricic on loan until the end of the season. Hull City signed Senegal international striker Dame N’Doye from Lokomotiv Moscow on a two-and-a-half-year deal, while Stoke City loaned Robert Huth to Leicester City and Newcastle United loaned Davide Santon to Inter Milan. In a curious move, five Newcastle fringe players—Gael Bigirimana, Kevin Mbabu, Shane Ferguson, Remie Streete and Haris Vuckic—joined Scottish giants Rangers on loan. Prince Ali attacks FIFA’s ‘culture of intimidation’ FIFA vice-president Prince Ali bin al-Hussein of Jordan. AFP London if things are played fairly and played rightly, things will go in the appropriate way.” F ‘PROPER REFORM’ As well as 78-year-old Blatter, who is seeking a fifth term in office, Ali will also be up against former Portugal winger Luis Figo and Dutch football chief Michael van Praag in the May 29 election in Zurich. Asked about the possibility of the three challengers to Blatter eventually uniting behind a single candidate, Ali replied: “We’ll have to wait and see. I have to have discussions with the others candidates. “And if we are talking about transparency, I would like to see at least before the election a public debate including the incumbent so that everybody know across the world what our positions are.” Blatter has been tarnished by allegations of corruption stemming from the 2010 vote to award the 2018 and 2022 World Cups to Russia and Qatar respectively. Ali, 39, is building his campaign on a platform of greater honesty and transparency within FIFA and he was critical of Blatter’s attempts to reform the organisation. “He has been the president and the president needs to be held responsible for what happens,” Ali said. “I have a lot of respect for what he’s done in the past. However, if we talk about proper reform, I’m not confident that I’ve seen it. “We’ve had for example Mark Pieth’s report (into reforming FIFA), which was shelved and not taken into account. “We’ve also had promises from him that he would not run again, but obviously that is not the case. With full honesty and integrity, I think he should give a chance to others, including myself.” IFA presidential candidate Prince Ali bin alHussein criticised the organisation’s “culture of intimidation” and challenged incumbent Sepp Blatter to a public debate as he kick-started his campaign yesterday. The Jordanian royal dismissed concerns about a lack of support from within the Asian Football Confederation, whose president, Shaikh Salman bin Ibrahim alKhalifa, has pledged his support to Blatter. Ali, FIFA vice-president for Asia, revealed that he had received nominations from the national associations of Belarus, Malta, England, Jordan, the United States and Georgia. But although the Jordan Football Association, of which he is president, was the only Asian federation to support him, he said he was confident of attracting support from around the world. “Obviously there is a bit of a culture of intimidation—let me put it that way—within FIFA,” Ali told a press conference at a London hotel. “But having said that, this is a candidacy for the whole world. I do know also that there are confederations who have their own elections coming up in the next couple of months. “But I do believe that hopefully we will get as many votes as possible from around the world. This is a world issue and not just one of confederations.” Pressed on the “intimidation” claim, Ali said: “I’m not going to expand very much, other than to say that in the past, if people take a principled stand, then they end up possibly being punished for it. “That’s why obviously the vote is secret and I hope that SACKED Japan fire their head coach Aguirre BOTTOMLINE Redknapp quits as QPR boss AFP London H arry Redknapp resigned as manager of Premier League strugglers Queens Park Rangers yesterday, saying his impending knee surgery would otherwise dent the club’s battle to stay in the English top flight. However, his announcement came just a day after QPR chairman Tony Fernandes tweeted there would be “no more cheque book” at the relegation-threatened west London club as the January transfer window closed Monday. Veteran English manager, Redknapp, 67, had repeatedly said he had the full support of Malaysian businessman Fernandes, the founder of the AirAsia budget airline, amid reports his position was in jeopardy with QPR currently second-bottom in the table. Head of football operations Les Ferdinand, the former QPR strik- File picture of Queens Park Rangers’ manager Harry Redknapp. er, has taken temporary charge ahead of this Saturday’s league match at home to Southampton as Fernandes seeks a permanent replacement for Redknapp. “Sadly, I need immediate surgery on my knee which is going to stop me from doing my job in the coming weeks,” said Redknapp, who arrived at Lof- tus Road in November 2012, in a club statement. “It means I won’t be able to be out on the training pitch every day, and if I can’t give 100 percent I feel it’s better for someone else to take over the reins. “My relationship with Tony Fernandes has been one of the highlights of my footballing career and I wish the club every success,” the former West Ham, Portsmouth and Tottenham Hotspur manager added. “I am confident they will survive in the Premier League this year. “I have had such a fantastic time at QPR. I would like to thank the Board, the players and all my staff, and especially the supporters who have been absolutely fantastic to me since I arrived at the club for their tremendous support.” Renowned for his dealings in the transfer market, Redknapp had long argued he needed to do significant business in the latest transfer window if QPR, who’ve won just five league games so far this season, in order to help the club beat the drop. But Fernandes appeared to call a halt on Monday’s final day of the January window when he tweeted: “No more cheque book. We have good players. Bought all the players manager asked for in summer. Our players not mercenaries. Good guys.” Despite those comments, Fernandes said yestersday he was parting on “good terms” with Redknapp as he accepted the manager’s resignation. “I would like to take this opportunity to thank Harry for everything he has done for QPR during his time in charge,” said Fernandes in QPR’s statement. “We part on good terms and I would personally like to wish him all the best for the future.” QPR, with only Leicester below them in the table, are one point shy of safety and a favourable result against Southampton, another of Redknapp’s former clubs, could see them climb out of the bottom three. Reuters Tokyo J apan fired their national coach Javier Aguirre yesterday because of fears the Mexican’s alleged involvement in an ongoing match-fixing case could effect the team’s bid to qualify for the next World Cup. Although Aguirre has denied any wrongdoing and vowed to clear his name after being embroiled in a Spanish anti-corruption investigation, the Japan Football Association (JFA) said they did not want any distractions for the team. “We reached the conclusion that we had to terminate his contract,” JFA chief Kuniya Daini said in a news conference broadcast live on Japanese television. The JFA’s decision to part ways with Aguirre follows media reports that Spanish prosecutors were preparing to indict the Mexican and dozens of others who were named in the probe. The investigation centres around Real Zaragoza’s 2-1 win at Levante on the final day of the 2010-11 La Liga campaign where Aguirre’s Zaragoza side won to avoid relegation. The prosecutor alleged the Levante players were paid a total of 965,000 (S$1.49 million) to deliberately lose the game. Aguirre, a former Mexico and Atletico Madrid manager, has long denied any involvement in matchfixing and refused to elaborate on his role during the Asian Cup, held last month in Australia. The JFA stuck by the 56-yearold Aguirre during the tournament where the Samurai Blue were defending the title they won in 2011. But speculation about his future intensified after Japan suffered a shock loss on penalties to United Arab Emirates in the quarter-finals. “First of all we’d like to convey to coach Aguirre that the reason for the cancellation is that we want to avoid any influence to the national team on their preparation for World Cup and we want to avoid those risks,” Daini said. 10 Gulf Times Wednesday, February 4, 2015 FOOTBALL SPOTLIGHT LA LIGA Wolfsburg snap up Schuerrle in record Bundesliga deal Schuerrle’s transfer from Chelsea was confirmed shortly after the German transfer period ended and Wolfsburg have reportedly spent 32 million euros on the winger Coach Ancelotti not worried by criticism of winger Bale Real Madrid’s Gareth Bale reacts after a missed scoring opportunity. AFP Madrid R eal Madrid coach Carlo Ancelotti believes Welsh winger Gareth Bale is having a “fantastic season” and called on his critics to relax. Bale has been questioned in the Spanish press in recent weeks for being too selfish in missing glorious opportunities against Valencia, Espanyol and Real Sociedad with teammates waiting for a pass to apply the finishing touch. However, Ancelotti pointed to Bale’s record in scoring in three finals in 2014, as well as the 27 assists he has provided in little over 18 months at the club to dismiss criticism of the 25-year-old. “Bale is doing everything to help the team. He did very well last year, scoring in all the finals we played,” said the Italian yesterday. “He is having a fantastic season and we are at ease because he is playing well for the team. “I don’t think I heard whistles (from the crowd) in the game against Real Sociedad. He had some great moves which the crowd appreciated.” Bale played on the left side of Madrid’s attack in the 4-1 win over Sociedad on Saturday as Cristiano Ronaldo served the first of a two-game ban. However, Ancelotti insisted that Ronaldo and Bale would return to their normal position for this weekend’s Madrid derby away to champions Atletico. “Bale likes to play more on the right because he has more opportunities to shoot at goal than on the left wing. “If he Cristiano Ronaldo and (Karim) Benzema are fit they will always play. Of that there is no doubt.” Madrid could practically end Atletico’s title defence should they beat Sevilla at home on Wednesday and then down Diego Simeone’s men for the first time in six tries this season. Two victories would put Real 10 points clear of their city rivals and seven clear of Barcelona for at least 24 hours as they travel to Athletic Bilbao on Sunday. However, having thrown away a lead in the title race last spring, Ancelotti insists the championship will go down to the wire. “The game against Sevilla is risky if we don’t give our best. The most important match is tomorrow, not the derby,” he added. “We can increase the gap on our rivals, so we will play our strongest team. “The league will be resolved at the end of the season, just like last season. It is important to have an advantage at the moment, but nothing is decided yet.” Ronaldo will complete his suspension against Sevilla, whilst Fabio Coentrao, Pepe and Luka Modric miss out through injury. Barca indignant at trial call over Neymar Wolfsburg’s new player forward Andre Schuerrle waves as he attends his first training session yesterday in Wolfsburg, central Germany. DPA Dusseldorf W olfsburg underlined their Bundesliga ambitions with Friday’s 4-1 thrashing of champions Bayern Munich, and they have now spent at least the same amount of money on Andre Schuerrle than all other 17 clubs overall in the winter transfer window. Schuerrle’s transfer from Chelsea was confirmed shortly after the German transfer period ended Monday, and Wolfsburg have reportedly spent some 32 million euros (36.2 million dollars) on the 24-year-old Germany winger. Having also signed China’s Zhang Xizhe and Belgian goalkeeper Koen Casteels in the period for 1.5 million euros each, the 2009 champions Wolfsburg are by far the biggest Bundesliga spenders. That is more than half of the 60 million euros the 18 clubs spent on new personnel during the transfer window, bettering the January window record which previously stood at 52 million euros from the 2010-11 season. The clubs also let around 50 players go, most of them on loan deals. Wolfsburg spent 10 million euros more on Schuerrle than they did in summer on Belgian Kevin de Bruyne as they reshape their team to mount a challenge on mighty Munich in the future. Backed by carmakers Volkswagen, Wolfsburg have plenty of resources, but sports director Klaus Allofs said they were in contact with the ruling body UEFA in connection with their Financial Fair Play rule bwefore the Schuerrle move went through. Allofs also insisted that “nowadays you have to pay this kind of money” - after all, Schuerrle set up Mario Goetze for the World Cup winning goal last year in Brazil - and that “we want to achieve our goals.” Munich, who still hold the overall German transfer record by spending 40 million euros on Javi Martinez, were hardly involved in the transfer period, signing no one and letting Xherdan Shaqiri and Pierre-Emile Hojbjerg go on loan to Inter Milan and Augsburg, respectively. Given their eight-point lead, Munich had little reason to further bolster their ranks, while there was a little more activity at the wrong end of the Bundesliga table. New bottom club Borussia Dortmund signed Slovenian Kevin Kampl for 12 million euros from Red Bull Salzburg, second-bottom Stuttgart got holding midfielder Geoffroy Serey Die from basel, and third last SV Hamburg also snapped up a defensive Basel midfielder, Chile’s Marcelo Diaz, for 2 million euros. Having scored a meagre nine goals in the first half of the season, Hamburg were also happy to welcome Croatian veteran forward Ivica Olic back after six years, for 1.5 million euros from Wolfsburg. Champions League aspirants Borussia Moenchengladbach were the only club with no activities at all in the transfer window, while Hoffenheim and Hertha Berlin joined Bayern in not signing anyone. Bundesliga spending in the January window was on par with Spain, according to the the BBC, just below Italy while the English Premier League once again led the way with some 130 million pounds (172 million dollars). AFRICA CUP OF NATIONS AFP Bata C Ivory Coast’s coach Herve Renard. ning (the cup), any other thing I won’t be satisfied with,” he said at a media briefing at the Estadio de Bata. The 46-year-old Frenchman also admitted the style of the Ivory Coast has changed from previous tournaments. ($64.3 million, £42.7 million) that they declared to he Spanish taxman. They believe the figure was 82.7 million euros divided into separate contracts that secured the signing. “It is FC Barcelona’s wish for the judge hearing this case to reject the requests being made by the prosecutor’s office,” the club said. “All of the actions involved in the player’s transfer process were conducted with no intent whatsoever to breach the law in any way.” According to the Spanish tax authorities, Barcelona owe 12 million euros in tax on the Neymar deal, which would see the overall cost of the operation rise to 94.8 million euros. SERIE A Only Cup will satisfy ambitious Ivory Coast, says coach Renard oach Herve Renard warned yesterday that only the Africa Cup of Nations’ title would now satisfy the growing ambitions of his new-look Ivory Coast. The Elephants, winners of the competition in 1992, will tackle DR Congo today night for a place in this weekend’s final. And Renard, who led Zambia to the 2012 African trophy at the expense of the Ivory Coast, said his side has blossomed in the past few weeks. “A few weeks ago, we were just the underdogs. But in football, a lot of things happen so fast,” said Renard, who took over as coach in July 2014. “When we started this tournament, all the teams were at par. We’re now one of four remaining teams and the best position is No. 1. “I’m only interested in win- FC BARCELONA voiced “surprise and indignation” yesterday at prosecutors’ call for the club and its former president to be tried for tax fraud over the signing of Brazilian star Neymar. In a judicial file released on Monday, prosecutor Jose Perals Calleja called for Barcelona and their former president Sandro Rosell to face trial over the signing of the striker in 2013. “FC Barcelona wishes to express to its members its surprise, indignation and total disagreement with the public prosecutor’s petition,” the club said in a statement. The prosecutor suspects Rosell and Barca paid more for Neymar than the 57 million euros With the great Didier Drogba and Didier Zokora having retired since last year’s World Cup in Brazil, the Toure brothers—Yaya and Kolo—are the only men in the Elephants’ squad who featured in the 2006 Cup of Nations final. That penalty shoot-out defeat to Egypt in Cairo and the dramatic loss to Zambia in the 2012 final in Libreville are as close as the Ivorians have come to winning the continental crown for the first time since 1992. “We now have a different style from the Ivory Coast of the past,” said Renard. “We have some new players, some of whom you only got to know at this competition. But they worked hard during the preparations. We now have a balance of hard workers and talented players. This is perfect for the Ivory Coast.” Renard’s team will face a DRC team who stunned them 4-3 in a qualifying match in Abidjan in October and the Frenchman praised the attacking play of his opponents. “They are very dangerous offensively and fast on the wings. (Dieumerci) Mbokani is a powerful striker, who is good in the air and keeps the ball,” he remarked. “They have been used to playing together as the base is TP Mazembe and their team spirit is very high.” DRC coach Florent Ibenge maintained his team would not be intimidated. “We won’t have any complex against Ivory Coast and their big names - Gervinho, Yaya Toure,” he said. “We respect them. They have great careers overseas but on the day it will be 11 Congolese against 11 Ivorians,” said Ibenge. The Leopards defeated the Ivorians in Abidjan in the qualifiers, but Ibenge said he will not read too much into that result. “This will be a different match as no two matches are ever the same. This is a new game and a new opponent,” he said. “It was great to win in Abidjan, it was good for the fans and history. But Ivory Coast have changed a lot since then especially in the centre of defence where Kolo Toure has returned, and they are no longer conceding many goals.” Napoli enjoy new arrivals in low-key January market DPA Rome N apoli appear to be the Serie A side who have benefited the most from the Italian January transfer market, which was due to end later on Monday and which has already seen them sign Manolo Gabbiadini and Ivan Strinic. Former Sampdoria striker Gabbiadini was crucial at the weekend, scoring the winner and causing an opening own goal as the Naples side won 2-1 at Chievo to move within four points of second-placed Roma. Croat international Strinic also left his mark in the game and looks to become a mainstay in a defence package that, having already conceded 26 goals, is the most beaten among the teams chasing a Champions League berth. Samp replaced Gabbiadini with veteran ace Samuel Eto’o, who came on as his new side were three goals down at Torino and could not avert a 5-1 defeat. The Cameroonian, however, did worse Monday, not showing up at the Sampdoria training grounds after coach Sinisa Mihajlovic had cancelled the traditional day off, scheduling double sessions throughout the week as punishment for Sunday’s drubbing. Inter Milan have been very active in the transfer market, signing Lukas Podolski, Xherdan Shaqiri and Marcelo Brozovic. But their pace did not improve as they crashed 3-1 at underdogs Sassuolo for a second straight defeat. Help in defence is expected from Davide Santon as he heads back to the Nerazzurri, saying on Facebook that he never expected to return to Milan after leaving in 2011 as he thanked warmly the Newcastle fans. “I am happy to return to Inter. There I started my career and lived so many important moments. I will do my best to repay the confidence.” City rivals AC Milan won 3-1 against bottom side Parma, with new arrivals Mattia Destro and Alessio Cerci playing upfront and defender Salvatore Bocchetti on the pitch. Gulf Times Wednesday, February 4, 2015 11 SPORT POWERBOATING Inaugural Qatar Cup gets underway at Doha Bay today ‘This is the largest international power boat racing festival of its kind ever to be staged in this part of the world’ Team Abu Dhabi’s boat arrives in Doha Bay. By Sports Reporter Doha T he inaugural UIM-sanctioned Qatar Cup fires into life in Doha Bay today and racers from virtually every corner of the planet will descend on an inshore and an offshore race course to battle in C1, C2, C225, SuperCat, SuperCat Lite, SuperVee and Pro Marathon classes over what promises to be a thrilling four days of spectacular racing. The Qatar Cup has been a vision of Qatar Marine Sports Federation (QMSF) president HE Sheikh Hassan bin Jabor al-Thani for several years and his team’s efforts, in collaboration with Offshore Powerboat Grand Prix (OPGP), have made the inaugural event possible. Sponsor GAC Pindar has pro- vided shipping support and Vodafone Qatar has come on board as an official sponsor. The Qatar Cup has also brought together two of the leading teams in the UIM Class 1 World Powerboat Championship with rivals taking part in offshore racing programmes in the United States of America and Australasia. Multiple Class 1 World Champions, Arif Saif al-Zafeen and Nadir Bin Hendi, will represent Dubai in their Victory Team boat and will be joined in the SuperCat Lite class by Team’s Abu Dhabi’s Faleh al-Mansoori and Rashed al-Tayer, also regular racers in the UIM Class 1 discipline. Qatar’s Mohamed al-Nasser switches from his usual XCat role to line up in a Spirit of Qatar boat to challenge five further boats for honours in the SuperCat Lite category. Team Raheeb of Ku- wait will also be present. Double Edge/Peters & May (Tanner Lewis and Ryan Beckley), The Hulk (Robert Nunziato and Dan Lawrence), LA Marine (Alan Christy and Lee Austin), Smart Marine Group (Grant Bruggeman and Gary Ballough) and Wicked Performance Marine (Robert Waggeman and Jay Muller) round off the impressive SuperCat Lite class line-up. “I am very positive about this sport and this is always something I wanted to do,” said Tanner Lewis. “It’s a dream come true to make the international stage. Ryan (Beckley) has been a great mentor. Driving with him here in Qatar will be a new world to me.” Ali al-Neama and Billy Moore top the SuperCat category in Spirit of Qatar 20 and are joined on the entry list by Randy Sweers and Danilo Zampaloni in Fastboats/Racing for Cancer 33 and Paul Boudreaux and former Team Qatar UIM F1 H20 World Champion, Jay Price, in PersuCat/Thordon Bearings/ Ragin Cajun 57. Dan Lawrence and Ron Roman are entered in Motley Crew 00 and the leading New Zealand offshore pairing of Wayne Valder and Chris Hanley are registered in Pro Floors Racing 51. “This is a tremendous opportunity,” admitted Dan Lawrence. “Sheikh Hassan extended his hand to us. It’s a great thing for offshore racing.” The father and son team of George and Michael Stancombe crew the 36foot Skater Peppers/Peters & May Racing. The Indiana pairing hold two APBA World Championship titles and three APBA National successes. “I am nervous and excited and can’t wait to get back in the boat with my father, said Michael. “My father recently The Hulk arrives for Qatar Cup action. broke his arm and has been working hard to get the strength back to be able to drive.” Billy Glueck and Brett Furshman crew Twisted Metal and Joe Sgro drives Outerlimits in the SuperVee class. Race officials are hoping for around 20 boats in the smaller C1, C2 and C225 classes, while local racers will take part in a Pro Marathon race on Friday. “This is the largest international power boat racing festival of its kind ever to be staged in this part of the world,” said UIM Commissioner Sami Abu Shaikha. “Sheikh Hassan and the staff at the QMSF have done a tremendous job to organise an event on this scale and to attract teams from all over the world.” Today, the race timetable kicks off with inshore testing from 9am for the smaller C1 and C2 class boats. The SuperCar Lite entries take to the offshore course from 10am and are replaced by the SuperVee and Supercat entries for further testing from 11am. The C225 boats take centre stage for testing and pole position at 1pm and the SuperCar Lite, SuperVee and SuperCat entries take part in their pole position sessions from 2pm through to 4pm. TODAY’S SCHEDULE 9am – 10am: Inshore time testing (C1 and C2) 10am – 11am: Offshore time testing (SuperCat Lite) 11am – 12 noon: Offshore time testing (SuperVee and SuperCat) 1pm – 2pm: Inshore time testing and pole position (C225) 2pm – 3pm: Offshore pole position (SuperCat Lite) 3pm – 4pm: Offshore pole position (SuperVee and SuperCat) PORSCHE GT3 CUP CHALLENGE MIDDLE EAST Al Nabooda Racing aim for team title boost in Qatar By Sports Reporter Doha T he Porsche GT3 Cup Challenge Middle East reverts to night racing at Losail International Circuit this weekend, but Al Nabooda Racing say the switch will not alter their plans to gain another team championship boost in Qatar. A fortnight on from Clemens Schmid’s backto-back race victories at the Losail track, the defending GT3 Cup team champions are aiming for another big performance in Rounds 7 and 8 of the 12-round series on Thursday and Friday. Schmid and teammate Ahmad al-Harthy will be looking to wipe out the nine-point lead held by Sky Dive Dubai Falcons and take a major step towards a third successive team triumph in the Porsche one-make series. “We knew from the start that we had a battle on our hands this season, but Clemens and Ahmad are fully focused on our target and we’re looking for another big team performance this weekend,” said Al Nabooda Racing team manager Vijay Rao. “With Clemens in brilliant form and Ahmad growing with confidence all the time, we’re aiming to take the team honours in both rounds and put ourselves in a strong position as we head into the last four races of the season.” Schmid wants to build on a hugely impressive record in Qatar where he has won seven of the last eight GT3 Cup races at the Losail circuit, and al-Harthy expects him to do just that. “Clemens is a tremendous driver and is in great form,” said the Omani. “He knows the circuit as well as anyone and the switch from daylight to night racing will have no effect. “I’ve raced once before in Qatar under lights and they’re amazingly bright so you tend to forget that you’re not racing during the day.” Al Nabooda Racing’s Clemens Schmid in action at the Losail International Circuit during the second round of the Porsche GT3 Cup Challenge Middle East. Speaking ahead of Round 4 the highly experienced Walter Lechner, Manager of Porsche GT3 Cup Challenge Middle East said: “This series is simply like no other in the region both for the drivers and the fans who can get so close to the cars and really live the experience.” “It was established to become the Ideal platform for the Arab world’s most promising drivers to broaden their racing experience on the region’s leading circuits. And I think we’re delivering exactly upon that vision. When you consider the ingredients for this weekend in Qatar with only 10 points separating the top two, fractions of a second splitting the top ten drivers and the drama of a night race awaiting us, I’m sure it’s going to be another incredible race weekend for all to enjoy. TEAM STANDINGS 1. Sky Dive Dubai Falcons (UAE) 2. Al Nabooda Racing (UAE) 3. Team Bahrain (BAH) 4. ClassicArabia Racing (KSA) 225pts 216 127 111 DRIVERS’ STANDINGS 1. Clemens Schmid (UAE) 144pts 2. Zaid Ashkanani (KUW) 3. Hasher al-Maktoum (UAE) 4. Charlie Frijns (NED) 5. Saeed al-Mehairi (UAE) 6. Raed Raffii (BAH) 7. Wolfgang Triller (GER) 8. Ahmad al-Harthy (OMA) 134 118 110 107 82 75 72
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