Say goodbye to meat subsidy effective Sept 1

Transcription

200fils www.dt.bh
d
Gol and
dem ls
fal
12
ge
Pa
ue
tin
on in
s cated st
O
P
I ab e Ea
un iddl
M
5
ust
16,
201
, Aug
day
11
Sun
11
to
tive
s up posi in
ring
offe lightingmarkets
e
, with high
s
and ed, in thes
IPO
NA
dem subscrib nt
ME Gulf
don
ng
ime
k
stro s over sent
and
nd Lon the firstng of Stoc ed
time stor r.”
East tal
bou
and
listi
capi
grat
dle
inve icula out
saw the London
ns nce
Inte careds
Mid raisingNA IPOer
part urn of
4.
ditio fide
alth
also since the
the
31p
ME
5
201 (he Foo
con con g both
s on
Ret
s in region, s d by in H1
c
201 IPO
Q1 gs Edita ributor) a
IPO NA) to EY’ ease 1pc Saudi
omi drivingattractin
ices in
Q2 d
11
g
din and
dist ugh al
,
oun Serv )
econ
(ME rdin me decr d bypt and s with
thro
d ch are kets
outb ine ge (LSE Hol )
5 saw ca
foodLSE, of glob
ics
bia
acco volu decrease Egy of IPO
e,
s
ices
rove whi mar
is
l
1 201 th Afri ,
4. ber
han stic serv kaged the listing
Ara Diagnostscom Mar
tal s.”
s
valu c
imprms,
ed
2.4b
item
di
Dea
201
Exc
,
Nor US$ 5.
capi stor
gno tic
on and
92p
ding y to
rais H1
ed Ora r.
num
of iled
ility refo n
in IPO, a IPOs
est ely.
201 ceeds
Hol pan ul
ngs
in Sau gratstries, r Misg of - Dia nos ies (pac
ed deta III
ptia inve
d
stab ous
over
s com essf r
listi listing.
Inte
diag ustr
pos
Emalistin
el set
of – H1 pro d with high ectiv increase 2.1bber of pare
stic
vari the Egyies and 5 IPO
long
ded Indu and
US$
com s with Lev
to
Ind d for ket ipts gno care the succAl Noo
Eye and pare d thes resp nt
d
com
is i case the
item and
the the ices
y
in pan H1 201
ifica over num 5,
opte n mar rece Dia health g and tinues in
II
pt incluFoo ited
Serv ge
cent 5, com essee IPO
ent er tes
isor
com gest
el , min
sign ing 4. The 201
Egy Edita n Lim saw dingund han in
mai ository ed NA followin 2) con ors
Adv
201 bia witn
in
Lev (i.e. s), and50 percrt answ dida of
bia
thre saw a rais 201 in Q2
Exc
sect
inclu
s
ctio
grat
or
,
Lar IPO
ng
dep Inte d ME , lth (201
s Q2
i Gro k est IPO was
Ara and 5
tion
sect ve
sets ette are sho canexcess are
PLC strudi Ara ies,
LSE
stro
two
The
acti
H1 s
nsac
pan of Saud i Stoclarg and est
ConSau
be Saudi
thir the C HeaThis
five Q2 201 IPO d to by
vign stions ent age, in
prep tes
s.
ce. cal
Tra
Saud the 9m, larg
ding
ers
nine pare ever
e to and
t attrIPO
to dida to
on NM 3).
rien ethi s;
e comIPO the
que 50 perc aver
part i the
Hol
driv pt
NA
tinu n
ding y
s s.
list s of l (201 mos for
thre ited y on ch was 751. next is
with p comd how
and y. Onspen stud canyear
ME : con ptia ary 5. Egy l
k expe des dard
IPO pita of the on
says bia Egy
tica
awa pan l), whi ng US$of theThe IPO of Saud
jum ease 2014. ,
examary
wor m inclu stananalysis;cs;
essa rt rs of l. CFA
regi
prim
poli
l
Hos
four ired
Com awu , raisi size od.
ant
tion
decr Q2 Gandierer, EY,di Ara s on the H1 201
one NA
EY,
s.
iona and omifixed ; repo hou levetake requ r prim for
be ME
IPO e in easing
relevcurriculu
(Tad 2015 e the peri atisa unit er,
withPhil Lead Sau
econity,
300 each y
fess rting
thei ing cite
of
e
the
the
ents
H1 twic ng the ed priv ness Lead
the
ices and ers; es wer NA incr
for call thre what ster tes er
e
CFA prol repo nce; s; equ stm ent;
ct
over duri tinu busiNA IPO
dida high d
Serv“Egypt orm ang ME from
valu If
typi the d for regi
and ncia e fina hod inve agem A
a rove
l and attra
IPO the conAirlines, ME
perf exch in efit
the
is cannt,
pass en aske
awu e to
fina orat tive metnative man ning.CFwell
ion
imp the
ve fession. ture
of bian Pau
IPO bian activity ben
Tad tinu
Wh
exam eme and job as
ivat
pro
r,
corp
folio
the
ur
ntita alter
pro to nuravio
plan ered e
Ara May
Ara IPO es to
the con
mot CFA advanc ge g a
port
ge
inist sinc ram
s, and ent ther beh ket a qua me, es; lth
wled inin
of tinu
:
the er
s on han
inco vativ wea adm s prog
mare
dard stmtoge cal
says “IPO Exc
con
e
care l of knoof obtaons.
examCFA
deri
n
has
stan the inve k
ethi and mak
twic l
leve ces e reas
ptia
and itute millionof the
red Leve
of all wor of tection,
Egy
can
chan thre
Inst a tion
we culture pro
is offeII and each
to
top
e
we
l
over gura
a
stor y,
ate l I examLeve onc consistsns.
inau1963.
inve grit e.”
did
the red
stio
in The Leve
can es com
inte renc
, and offeI exam que
tak
diffe
year s are l
ter,
y from r
per exam Leve-choice
char ally
rne -holde
The tiple
III
enti
.
Jou rter
CFA
tes,
s thatthe
year mul
cha ment the t sequ
didaof 9
exam be
of
can
mit earn mus our red to stment s
,
430 increase
To tes six-h side
inve year
tes)
dida e
the four
had an 4.
dida rain
can threely con in ue
can
ait
Bah
bia was 201
,
pass wid rous accr
Ara ch over n (381 tes) Kuw(149
are t rigo n and
whi ent ano dida and ar tial
al
itute
mos essio
Inst essful
glob ent
percl Leb can tes) , Qat stan
sub
(373 dida
th
the stm of
CFA succ suit e prof
tes)
pt
pur rais
e,
l Smi
the y’s
be
Egy can dida also had
itut of inve that the
Pau
t to ls
and toda in our ,
(305 cantes),
Inst ion ouncedsat for2015,
cs, us
lism
righ iona r
(239 dida ation.
gram ethi
FA ciat ann who June and
e theprofess theith,
Pro e of tes join fessiona
can icip
of
assoionals, tes in third
cod dida pro
rs hav cal ards l Smi
part
dida exam the
th
fess
esto ethi
, CFAls
can build
7
pro 68 canCFA ed
t Nor
“Inv by as stewid PauCEO iona
to
3,45
Eas
ion
ed
27,4 el III ent pass
serv act ents,”sa t and profess icat CFA
dle region, exam
Lev perc .
CFA ent
)
who stm iden
r dedthe
53 l exam Mid
the of 7 perc.
s
inve , prese. “As thei to
fina In the(MENAfor
year irate
CFA itut ugh ent
ca tes sat ease r b Em ion
Inst thro mitm
trat 2
Afri dida an incrthe prio
Ara
and com
can June, d to ted concen 1,40ent
with perc
and
in pare Uni est
di
coml The larg region, a 9
Sau
the the and
of
had in tes 2014. m
with dida over gdo
Kin
can ease
incr l The
st
H
le
dd
n
ei
C
Sunday, August 16, 2015
SEE PAGES 11-13
Issue No. 6744
Pak family
struggles
for Bahraini
nationality
8P04
Ginger is a great digestive
aid to consume after a
meal. It not only helps with
digestion, but can also act
as a breath freshener.
Zayed bin Rashid Al Zayani during the meeting with Ibrahim Zainal
CASH DROP
Say goodbye to meat subsidy effective Sept 1
DT News Network
Manama
he
Minister
of
Industry
and
Commerce confirmed
yesterday
that
meat
subsidies
would be stripped
from
September
1 to revitalize the
commercial movement
in the Kingdom and to
boost the import of live
and chilled meat.
Following a meeting
with the Chairman of
Bahrain Livestock Company
(BLC) Ibrahim Zainal, Minister
of Industry and Commerce Zayed
bin Rashid Al Zayani said the
decision is aimed at directing
funds to citizens, to enable them
buy food, according to their needs.
The difference between
the current sale price and
the expected price post the
subsidy-cut, would be equally
distributed to all citizens.
However, the ministry did not
mention, how this distribution
T
With BFC you are always a winner!
Terms and Conditions apply.
MOIC / PC 4716-2015
Shakira enters
world of
‘Zootopia’
JO1388_BFC_Cash_Campaign_DT_hamper_80x40mm.indd
6/8/15 11:201 AM
8P14
would be carried
out.
The move is
also expected
to spur the
sale of
m e a t ,
according
to the recent
studies made
b y the ministry, he
said. He noted, there are currently
70 licensed commercial meat
sellers, as well as hundreds of other
licensed sellers in the Kingdom.
The minster commended BLC’s
role in ensuring food security.
He also stressed the need for
BLC and the ministry to work
together to establish more local
companies engaged in meat
selling.
BLC Chairman Zainal said the
company
would
continue
to
provide standardquality meat
according to
market needs.
He
added
the company is
awaiting
shipments
of 150,000 live sheep
from Australia this month in
preparation of Eid Al Adha.
He also expressed his
readiness to cooperate with
the companies that would be
established after the lifting of
the subsidies, to facilitate the
slaughtering process according
to local regulations.
The decision to lift meat
subsidy was earlier postponed
for a month after Prime Minister
HRH Prince Khalifa bin Salman
Al Khalifa ordered for further
studies to maximize the gains to
citizens.
as
ts
an
pir
A
CF
ris
Mi
Ea
2
Cotopaxi volcano: Ecuador
villages evacuated
Latacungua
Ecuador’s president Rafael
Correa said yesterday
he will declare a state of
emergency as the Cotopaxi
volcano rumbled to life
and prompted evacuation
orders in several villages
threatened by landslides.
Cotopaxi volcano started
to stir Friday, registering
several small eruptions and
angrily shooting plumes of
dust and ash eight kilometres (five miles) into the
sky.
By declaring a state of
emergency - also called
a state of exception in
Ecuador - the president
can access resources and
deploy military personnel
to aid communities affected by the volcano’s activity.
‘Bahraini,
Kuwaiti antiterror efforts
amazed the
world’
DT News Network
Manama
ean of the Diplomatic
Corps and the Kuwaiti
Ambassador to the Bahrain
Shaikh Azzam Mubarak Al
Sabah said that terrorism
exempts nobody. In a
statement to the Kuwait News
Agency (KUNA), he stressed
that Kuwait and Bahrain
have “amazed” the world in
combating terrorism.
“Our
peoples’
unity,
solidarity and rallying behind
our leadership are the best
protective shields against
terrorism and extremism, and
the most effective means to
deter whoever seeks to cause
harm to our countries,” he said.
The ambassador lauded GCC
citizens’ patriotism, cohesion
and keenness to join ranks
against anything that may put
the security of their countries
at risk.
D
Two killed in latest
Kashmir shelling
A Palestinian teen was
shot dead by Israeli
forces after stabbing
a border policeman in
the northern West Bank
on yesterday.
Pakistan yesterday said
that two civilians were
killed and five other
people were wounded
in the latest crossborder shelling by India .
#PollToday
Will cutting the
meat subsidy
affect the middleclass families?
‘A HEINOUS CRIME TO
ATTACK THE PATROL’
www.dt.bh
Twitter : @DTribune
Yes
No
Can’t Say
Jaffari Endowments Directorate denounces the gruesome act
DT News Network
Manama
he Jaffari Endowments
Directorate has strongly
condemned Friday’s Molotov
attack by terrorists against a
security patrol while securing
Al Ghadeer Mosque in Sanad
and protecting worshippers,
which resulted in the patrol’s
vehicles being completely
gutted.
Assaulting the security
T
personnel is a heinous criminal
act that contravenes Islamic
precepts, human values and
all laws norms, as well as the
Bahraini people’s deep-rooted
values of tolerance, fraternity,
solidarity and gratitude, the
directorate said in a statement.
The security forces should
have been praised and
honoured for their sacrifices
and efforts to ensure the
security of mosques and
worshippers across the nation,
the statement added.
The Directorate
called on
all parties
to openly
condemn such
incidents
While strongly denouncing
such gruesome criminal
acts, the Jaffari Endowments
Directorate called on all
parties to openly condemn
such incidents and do what is
necessary to prevent it from
happening again.
The directorate pointed out
that the critical situation and
the extraordinary conditions
the region is going through,
require concerted efforts to
ensure the security and stability
of everybody, being the best
strategic approach to overcome
them safely and peacefully.
The panel praised the
Interior Ministry’s positive
response with its requests
to step up security measures
to ensure the security and
tranquillity for worshippers in
mosques across the kingdom,
voicing pride in the efforts of
the ministry in this regard.
RCO delegation visits the wounded
at hospitals in Aden, Yemen
DT News Network
Manama
Royal
Charity
Organisation
(RCO)
delegation led by SecretaryGeneral Dr. Mustapha Al
Sayed visited a number of
hospitals and met citizens and
patients, in addition to the
wounded.
He conveyed the greetings
and wishes of quick recovery
A
Shaikh Azzam
Palestinian shot dead
after stabbing Israeli
from His Majesty King
Hamad bin Isa Al Khalifa and
His Highness Shaikh Nasser
bin Hamad Al Khalifa to the
patients.
Dr. Al Sayed stressed
Bahrain’s resolve to continue
supporting the Yemenis as
they go through this crisis,
wishing Yemen and its
people’s security, stability,
development and progress.
The delegation presented
flowers and gifts to the
wounded, as a token of
Bahrainis’ amity and fraternal
relations bonding the two.
Health Ministry Assistant-
Dr. Al Sayed stressed Bahrain’s
resolve to continue supporting
the Yemenis as they go through
this crisis, wishing Yemen and
its people’s security
RCO Secretary-General Dr. Mustapha Al Sayed visiting the patients at a hospital in Aden
Undersecretary for Hospitals
Dr. Walid Khalifa Yusif Al
Manae hailed the royal
directives to extend relief-aid
to the Yemenis, pointing out
that the first consignment
was arranged and dispatched
to Aden in record time. He
pointed out that a meeting
was held with Yemeni Health
Ministry officials to assess the
situation and survey needs.
3
CALL TO DEAD STUDENT’S
PARENTS: TWO SUSPENDED
Detailed enquires will soon be conducted, says school authorities
DT News Network
[email protected]
Manama
he
Indian
School
Bahrain has suspended
two persons, following
the incident of the school
calling parents of a
deceased child, asking to
pay fees dues. Show cause
notices were also served to
them.
The school authorities
informed
detailed
enquiries
would
T
“During the last audit
report, it was found that the
names of 116 students, who
discontinued studies at the
school were not removed. This
is also now under enquiry”, the
management said
Screensh
soon be conducted
and stringent action would
s
by DT New
be taken against the
persons involved, as most of
the staff members are now on
summer vacation.
r reported
ory earlie
ot of the st
The school authorities informed
detailed enquiries would soon be
conducted and stringent action
would be taken against the persons
involved, as most of the staff
members are now on summer
vacation
The authorities,
however, rubbished
the rumours making
rounds in social
media that the
incident was part
of a conspiracy.
“Currently
about BD200,000
fees dues are to be
collected from
the
parents,
and in view of
the
present
financial
condition, it
needs to be
done urgently.
Some staff members were
entrusted with the duty of
informing the parents. But
the child’s name was not
officially removed from the
school records, which led to
the unfortunate incident,” the
school said in a statement.
Faulty system
The school admitted the
procedure for the removal of
the names of discontinued
students were not effectively
done for a long time.
“During the last audit
report, it was found that the
names of 116 students, who
discontinued studies at the
school were not removed.
This is also now under
enquiry,” the management
said.
Th e
authorities
informed if the error
was consciously done,
strict action would be
taken against the persons
responsible for it and the
school’s systems would
immediately
be
made
flawless.
4
PAK FAMILY STRUGGLES
FOR BAHRAINI NATIONALITY
Residing in Bahrain for 56 years, they are yet to get Bahraini citizenship
Muhammad Azam/ DTNN
[email protected]
Manama
family of Pakistani origin,
which has been residing in
Bahrain for the past 56 years,
is seeking the sympathy of His
Majesty King Hamad bin Isa Al
Khalifa for recognizing them
with Bahraini citizenship.
Hasina Jafar Ali, the
mother, aged 67 appealed
to His Majesty King Hamad
saying, “have sympathy on
us and grant us the Bahraini
citizenship so that we could
live a happy life without
depending on others.”
Speaking to DT News Hasina
said that she had been living in
Bahrain for the last 56 years.
She has seen the Kingdom
of Bahrain being born and
grown up into the strong and
beautiful nation, as it is today.
Her family has been living on
The family was interviewed almost
9 times since the year 2000 and has
submitted numerous requests to
Immigration and the Royal Court to
follow-up on their application status
but each time they have been informed
that “you are on the waiting list”
A
Hasina Jafar Ali with her sons and daughter
the soil of Bahrain for the last Wajid Ali, 44, Syed Amjad Ali,
three generations but they are 42 and Syed Babar Ali, 38, were
born, brought up in Bahrain.
still “non Bahrainis”.
Neither of them has ever
She claimed that it hurts her
a great deal as all her kids, been to any other country and
including 47-year-old daughter they do not want to be. “We
Riffat Shafi, and three sons Syed are all loyal to the Kingdom
and will always remain so till
our last breath,” she said, “As
a widow and a mother, I would
personally like to request His
Majesty King Hamad to kindly
grant us Bahraini nationalities.”
The Pakistani family has
been fighting for more than 15
years for Bahraini Nationality
which (late) Syed Jafar Ali, the
family head applied in 2000.
He came to Bahrain in 1955
and worked as a chief engineer
in the Gulf Hotel Bahrain for
40 years till his death in 2005.
The family was interviewed
almost 9 times since the
year 2000 and has submitted
numerous
requests
to
Immigration and the Royal
Court to follow-up on their
application status but each
time they have been informed
that “you are on the waiting
list”.
There are many other
Pakistani families who are
facing a similar problem.
According to the estimate
of
Overseas
Pakistanis
Foundation, there are almost
sixty thousand Pakistanis in
Bahrain and they have been
here since 1920. Bahrain is
the first Arab country to grant
citizenship to people who had
served its country.
‘Summer camp hones
talents, boosts aptitudes’
DT News Network
Manama
oyal Academy of Police
(RAP)
Commandant
Colonel Shaikh Hamad bin
Mohammed Al Khalifa has
asserted that the Youth Summer
Camp, organised by RAP for
the age group of 12 to 17 years,
aims to hone youth talents and
develop them in all mental,
physical and psychological
fields.
He said the camp promotes
community
partnership
and instils the principles
of citizenship and Bahraini
identity, through investing in
the positive energies of young
people and rehabilitating them
R
Civil Defence personnel yesterday put out a fire which broke out at a cold store in
Daih. No injuries were reported. An Asian man serving in the outlet escaped when he
saw smokes coming out the panel board. “I disconnected the electricity connection as
soon as the smoke was seen, but later the panel board exploded,” he said
to meet the requirements of the
Reform Project spearheaded
by His Majesty King Hamad
bin Isa Al Khalifa and the
Economic Vision for Bahrain,
2030, in order to be prepared to
be future leaders.
Organised by RAP in
collaboration with Tamkeen
and a number of institutions,
the camp seeks to immunise
youngsters and youth against
the scourges of crime and
delinquency, motivate them
to get prepared for the future,
seize opportunities and meet
the challenges, he said.
It also aims at training
participants to be disciplined,
self-reliant and altruistic, foster
community partnership and
consolidate relations between
the state institutions and society
and youth, he added.
Launched in 2009, the
summer camp embraces
Bahrain
youngsters
and
provides them with the required
sciences and cultural capabilities
in order to be effective members
in their society, he noted.
He pointed out that the
camp consolidates Community
Partnership, among the most
important principles stressed by
the Interior Ministry, through
fostering the values of loyalty
to the leadership, assuming
responsibility and building a
strong personality.
Al Khayyat inspects works on various Revamp Projects
DT News Network
Manama
orks
Affairs
Undersecretary of
the Ministry of Works,
Municipalities & Urban
Planning Ahmed Al Khayyat
visited Abu Shaheen, Daibal
and Noon Avenues in Riffa to
inspect the progress of work
in the revamp project. He
was accompanied by Roads
Assistant Undersecretary
W
Huda Fakhro, Roads Projects
& Maintenance Director
Sayyed Bader Alawi, a
number of engineers from
the Ministry and the project
contractor.
The visit included a
detailed presentation about
the project. During the visit,
Al Khayyat urged the team
in charge of implementation
to complete work on due
date and finish the initial
paving works involved in the
project along Abu Shaheen
and Daibal Avenues by
the end of August; before
the commencement of the
school year.
Works in the project
comprise of revamping
roads at a length of 6.717km,
re-paving the avenues
with asphalt, constructing
parking spaces in front
of commercial shops,
providing paved passages for
pedestrians, and installing
traffic signs and instructions
to increase traffic safety
levels.
The
BD698,717,308
project
was
awarded
to National Excavation
Establishment. Work on
the project commenced in
November 23, 2014 and is
expected to complete by the
end of this year.
Al Khayyat inspecting the works as part of the Revamp Project
5
DEVELOPER ALLEGES FLAWS
IN WORKS ON MARINA REEF
Master Developer claims that the project developer has missed several deadlines
DT News Network
[email protected]
Manama
he developer of Marina
Reef project at Reef Island
has continuously missed
the deadline to complete
the project and at least two
years are needed to complete
the work of the building,
said the master developer
of the island, Lulu Tourism
Company (LTC).
Earlier, the developer of
the project, Marina Reef
Real Estate Development
stated that the master
developer denied entry to
its labourers to the project
site at a crucial stage when
the developer was all set to
handover the apartments to
their respective owners as 90
per cent of the work had been
already over.
T
(Left) Security personnel of the Reef Island stopping the workers of the developer at the entrance, (Right) A human chain created
to stop the entry of employees of one of the builders to the Reef Island
Waleed Ebrahim Abdulaal
Al Fahad, Managing Director
of Marina Reef Real Estate
Development earlier said,
“We are incurring huge
losses as we are prevented
from completing our project.
During the last two months
we weren’t able to work on
the project because we were
denied entry of our buses,
trucks and equipment at the
island in order to complete
the final stage works.”
Denying the allegations,
LTC said that the developer
missed many deadlines,
before the master developer
of the island took decision to
block the entry of labourers
of Marina Reef Real Estate
Development.
In August 2009, the
developers said that the
project would be completed
in April 2010. In 2013, press
statements were issued by
MCSA certificate to be
given for 15 students
Participants of the programme
DT News Network
Manama
ahrain Technical College,
the Bahrain Polytechnic
(BP) in cooperation with the
Think Smart institute has
recently launched an advanced
course in ‘network engineering’
attended by a total of 15 IT
students from various levels.
Students who complete the
course will be provided with
a Microsoft Certified Solution
Associate (MCSA) certificate
that qualifies them for several
jobs opportunities like system
administrator, system engineer,
network analyst, technical
consultant and others.
B
This course came as a
result of a joint cooperation
agreement which was recently
signed between the two
sides and under which they
launched an Information
Technology Academy. The
academy aims at providing
college students with a variety
of IT professional certificates
demanded by the Bahraini
and regional labour markets,
in addition to private lessons
that are prerequisites for global
professional certification.
Think Smart Business
Development Manager, Feras
Al Saadi, said that the move
to provide students with the
MCSA certificate came as most
of the government and private
institutions are seeking cadres
who are able to provide highlevel solutions using Microsoft
products.
“During the course, students
will follow professional training
methods that lead to a rapid
development. The course was
designed for managers of small
networking and directors of the
various information systems.
All exams test capabilities and
skills of network management
among individuals, from which
they can gain a deep knowledge
and outstanding thought,” Al
Saadi explained.
PO Box: 50323,
Fax :+973-17464844,
the developer stating that the
work would be completed by
the end of 2014. But in April
2015, the Marina Reef building
was listed as defective project
requiring subsidies from the
bank. On the other hand, on
its website, Marina Reef made
false promises by announcing
project delivery by June 2015,
said the master developer.
The developer also missed
the deadline of June 2015,
before blocking the labourers
of Marina reef from entering
Reef Island in mid July, the
t said.
Currently, the building
lacks necessary features and
amenities. Constructing a
top roof will take almost 10
months. All basic amenities
such as water, electricity
and sewage works are also
not connected. Moreover the
developer has not applied for
these amenities. Completion
of roof work needs at least six
months.
Under current status, it is
impossible to split/divide/
deliver the building or its
apartment to individuals, the
master developer said.
6
IT’S A TREAT FOR THE EYES,
AND ALSO FOR THE TONGUE
Cake-artist Ritu Gosain in an exclusive interview with DT News
Santhosh Rajendran/DTNN
Manama
rincesses, animals, cartoon
characters, and even
minions. You name it, and
Ritu Gosain would make and
offer you delicious, colourful
cakes in any shape. Mother of
two and a qualified engineer,
Ritu has a penchant for
making artistic cakes. She
started her own home-business
Cakesbypassion in 2013 in Saar.
In an exclusive interview
with DT News, Ritu shared
everything
about
her
fascinating business.
P
How did you get involved in
cake-artistry?
Back in 2015, when I was
in Canada, I got hooked to
a couple of TV shows on
cake-making.
I
started
experimenting myself and
everyone encouraged me to
further my interest. In 2008,
I made a themed cake for my
daughter’s birthday, and from
then on, there was no stopping.
What is the process of making
a cake design from start to
finish?
If making for a client,
the process begins with
discussion on the occasion
and the amount of time I
get. The theme for birthday
is different from that required
for a graduation party. Then I
work on the shape, size, colour
and overall design. Also, the
time for drying is different for
different fondants, so I have to
manage the steps of making
accordingly. Then comes the
actual baking part, and finally
the finishing work with all the
design elements.
Where do you find inspiration
for the floral decorations on
your cakes?
Florals are tricky as the
thickness and finish differ
for different flowers. To me,
inspiration comes in the
process of making. I made
the first floral cake for my
husband for Valentines Day
in 2013.
What encouraged you to
make cake-making a business?
I don’t think of it as a
business, to be honest. The day
that happens, I think I will
stop making cakes as I do now.
I take orders only when I am
excited about the client and
the design and I don’t see it
as a job. Most of my cakes are
made as gifts for friends or
their children.
Also, I don’t use prints,
which considerably lowers the
price, unless the client asks
for it, so my cakes are “real”.
They look amazing and taste
great. I don’t compromise on
the quality of ingredients and I
can honestly tell you that is my
success secret!
Can you share some tips for
making beautiful designer
cakes, while staying on a
budget?
That depends on the
budget and the design. One
must realize the main cost of
custom-made cakes is not in
the ingredients, but the labour
that goes into it. A lot of hard
work and detailing is done to
make Princess Elsa figurine
with her blue eyes and long
hair, or to bring the naughty
look on the Minion’s face.
Sometimes I have to redo a lot
if perfection is not attained.
Do you have an all-time
favourite design, or are you
still working on your best
cake?
I would like to believe that
I am working on my best cake
because I feel that I am just a
beginner. Whenever the client
opens the box, and then hugs me
with happiness, that becomes
one of my favourite works.
“I would like to believe that I am
working on my best cake because
I feel that I am just a beginner.
Whenever the client opens the
box, and then hugs me with happiness, that becomes one of my
favourite works”
Ritu Gosain
Ritu’s cakes
MOI SEEKS STIFFER PENALTIES
FOR PLANTING HOAX BOMBS
7
Denies media reports regarding decriminalization of such cases
DT News Network
[email protected]
Manama
he Director of Legal
Affairs at the Interior
Ministry denied yesterday
reports from some media
outlets regarding allegations
of decriminalization of the
planting of hoax bombs.
The
Legal
Affairs
Directorate has recommended
that the act of planting a fake
T
bomb can only be considered
under the terrorism law,
which carries a sentence of
up to 15 years, instead of the
more lenient penal code law,
which carries a jail term and/
or fine.
He said planting a hoax
bomb is currently a crime
under both the penal code and
the terrorism law.
The government has now
requested to cancel the lenient
The directorate has recommended
that the act of planting a fake
bomb can only be considered under
the terrorism law, which carries a
sentence of up to 15 years, instead
of the more lenient penal code law
penalty as prescribed in the
penal code law. He reiterated
that the state does not tolerate
acts that target the security
15-year jail terms upheld
for Adliya blast convicts
DT News Network
Manama
our persons convicted of
detonating a car bomb near
the Criminal Investigation
Directorate (CID) headquarters
in Adliya, during 2014 Formula
One race had their jail terms
upheld.
The four suspects, along
with one of their accomplice,
were earlier sentenced to 15
years each behind bars for their
crime. The latter, however, is
still at large.
F
The accused allegedly
purchased a used car from a
garage in Salmabad, placed
a cylinder-shaped explosive
device in the back seat, changed
the number plates and parked
The accused allegedly purchased a
used car from a garage in Salmabad,
placed a cylinder-shaped explosive
device in the back seat, changed the
number plates and parked it outside
the CID building before detonating it
it outside the CID building
before detonating it.
A student, who is among the
accused, told prosecutors they
did it to scare away tourists.
His
co-accused,
an
unemployed native, said
he received orders to carry
out a terrorist attack on his
BlackBerry from a member
of the coalition of terrorist
group.
He said he picked up the
bomb from a Ma’atam where it
was hidden.
of the Kingdom, especially
those attempted to create fear
among the people.
The change will require
the courts to hand down
stiffer penalties for this type
of crime.
The director called upon
media to be more accurate
in their reporting to avoid
misinformation that creates
confusion and, in some cases,
needless concern.
He reiterated
that the state
does not
tolerate acts
that target the
security of the
Kingdom
Verdict today in case
against car dealer
DT News Network
Manama
he Court of Urgent Matters
will today deliver a ruling
in a case filed by a woman
against a local dealership over
a defective car.
The woman took the
company to court as it
reportedly failed to rectify a
manufacturing defect.
The
woman’s
lawyer
Mohsin Al Shuwaikh said
earlier that his client used the
car only for a month, before it
broke down.
He claimed his client decided
T
to file a complaint against the
dealer after the latter failed to
rectify the damage or take a
proper action to fix it.
“My client paid full amount
for the car, but after a month,
a message appeared on the
screen informing that there
was a defect with the engine,”
Al Shuwaikh said.
“She took the car to the
dealer who later informed
her that there was a problem
with the engine. However,
they failed to respond to her
queries and refused to fix it,”
he added.
Prescription robbery:
Court upholds appeal
DT News Network
Manama
he High Criminal Appeals
Court started hearing the
appeal of two persons accused
of forgery and theft.
They were earlier sentenced
to 6 months each behind bars
for stealing blank medical
prescriptions and a doctor’s
stamp.
According to the indictment,
the first accused pocketed the
prescriptions and the stamp,
and later his accomplice used
them to buy recreational drugs.
T
But the first accused claimed
he was drunk when he stole
the items.
“I was under the influence of
alcohol when I saw the doctor’s
office open. I went inside the
room and took the stamp and
prescriptions,” the accused
claimed in his statement.
“I met my friend (the second
accused) while coming out
with the stolen items. He took
the prescriptions from me,
wrote the names of the drugs
and stamped it,” he added.
According to court files, the
The first accused pocketed the
prescriptions and the stamp, and
later his accomplice used them to
buy recreational drugs
The crime came
to light after
the suspicious
pharmacist
informed the
doctor about the
incident
first accused was a supervisor
at the hospital.
The crime came to light
after the suspicious pharmacist
informed the doctor about the
incident.
The doctor then reported the
incident to police.
The first accused claimed in
his statement he was planning
to return the stolen items.
A Saudi national sustained life-threatening injuries after his vehicle
crashed into a truck from behind. Eyewitnesses said the victim was covered with blood after the accident and was immediately rushed to the
hospital.
8
REMINISCING THE GLORY
OF PAST IN MODERN HUES
Young artist Salman Mubarak Alnajem made his mark with an innovative painting style
Melvin Mendonca/DTNN
[email protected]
Manama
he three-storey house
located in a tranquil
environment in Isa town is
under renovation now. So, the
lift is yet to start working. This
artist’s studio is located on
top of the house and his living
room is at the ground floor.
It is uphill task to climb three
floors amid unbearable heat.
But his love and dedication for
painting pulls him towards the
studio throughout the day. “I
visit this studio at least four to
five times a day,” said 22-yearold Salman Mubarak Alnajem,
a well-known artist in Bahrain.
Salman has turned this
studio into his workroom
since he came here from
the UK, after finishing his
graduation in Interior Design
under University of the Arts
London. He has already
received admission to pursue
master’s degree at London’s
Royal College of Art. “It is not
an easy task to get admission
He was the
youngest ever to
participate and
win a prize in the
40th annual Fine
Arts Exhibition
held at Bahrain
T
Salman Mubarak Alnajem
Most of his paintings revolve
around the theme of importance
of individuality. “It is nothing but
the ability of a person to freely
express himself/herself raw without
succumbing to the fear of judgment or
conformtness,” he said
Works by Salman
in such a globally recognised
institution. We have to send
them our paintings. During
interview, we have to explain
about it. They consider our
overall achievements in the
field of art,” he said.
He was so into drawing and
painting since he was a child.
As he grew up, the little hobby
evolved itself to become
something more serious. This
was given special attention by
his mother who encouraged
him to go ahead in the field of
painting.
By the time Salman
reached 16, he started taking
painting seriously. When he
entered into International
Baccalaureate (IB) course at
Bayan School in Isa Town, he
chose art as his main subject.
This is where his real tryst
with painting began. After that
painting became his life.
His first art exhibition was
held about six years ago at
Al Riwaq Gallery in Adliya.
During the exhibition, many
senior artists of the Kingdom
recognised his talent and
patted his back. “Many senior
artists told me that my art
is totally a new breed which
is new in Bahrain. This
was because my style was
completely different from
others,” Salman said.
Afterwards, he took part in
more than 10 art exhibitions.
Out of them, three were at
international levels. Moreover,
he was the youngest ever to
participate and win a prize
in the 40th annual Fine Arts
Exhibition held at Bahrain
Museum.
Currently he is preparing for
two international exhibitions.
The first exhibition will be held
on September 18 at Serbelloni
Palace in Italy, where the
Milan Fashion Week takes
place. The second exhibition
would be in November in
Washington.
Most of his paintings
revolve around the theme of
importance of individuality.
“It is nothing but the ability
of a person to freely express
himself/herself raw without
succumbing to the fear of
judgment or conformtness,”
he said.
In the meantime, Salman
tries to pay enough attention
to glorious past as he is
concentrating on the issue of
modernising the significant
past. “Culture is an important
element. I want to modernise
it. I want to work with the
future, taking into account the
glorious past,” he said.
Apart from painting, Salman
is also designing a women’s
bracelet called ‘#JIRI2A’ that
is due to launch soon. The
bracelet embodies two themes:
Modernising traditions and
adding significance to the
insignificant.
Salman has high ambitions
in the field of art. After
finishing his masters in
London, he wants to establish
himself at the global level.
“The more I am recognised
internationally, the more the
arts of Bahrain and Bahrain
in general will be recognised,”
said Salman, who uses yellow
line at the bottom of his every
painting as his signature.
9
RESPONSE RATE TOUCHES 90PC IN JULY
DT News Network
Manama
he success rate of responses
to the calls received by the
Contact Centre of Ministry
of Housing reached 90.24 per
cent in July, following the
ministry’s efforts to enhance
communication with citizens.
Communication with the
ministry ranged from queries
T
and complaints to suggestions
and requests for housing. The
centre received 5717 calls in
July, half of which were people
following up their housing
application.
Official statistics showed,
51.97 per cent calls were queries
on new housing applications,
followed by inquiries about
delayed housing requests from
those on waiting lists (46.76pc)
and complaints (1.28pc).
Inquiries and requests about
social housing finance scheme
exceeded 650 calls, followed by
services statues for about 540
calls.
The ministry said it booked
930 appointments in July for
the different kinds of services
provided to citizens.
The new housing application
appointments took the lead with
339 appointments, or 36.45pc
of the total appointments.
Housing Social Finance
Scheme
appointment
had 101 appointments
and the New application
appointment (Eskan bank –
Al Moayyed Tower) had 101
appointments.
In July, the Ministry’s contact
centre sent 4973 SMSs to the
citizens: 4499 regarding New
Application Appointment,
314 related to other ministries
campaigns and 160 sent for
Social
Housing
Scheme
appointments reminders.
The ministry said its call
centre receiving over 5500 calls
in one month, was the result
of the efforts of the teams and
rapid response to customer
needs provided by the centre.
The
ministry
noted
the
diversification
of
communication
comes
following the directives of
governments to communicate
with citizens and follow-up
their requests and complaints
directly.
THOUSANDS TURN UP FOR
LOVE & LOYALTY CAMPAIGN
Over 3000 people attended the event held at the Pakistan Club premises
DT News Network
Manama
ver 3000 Pakistani and
Bahraini nationals turned
up to kick start the signing
ceremony of the Love and
Loyalty campaign held at the
Pakistan Club premises on
Friday.
The opening of the signing
ceremony of Love & Loyalty
document with HM King was
held on the sidelines of the
Pakistan Club Independence
Day celebrations.
The event was organized
by the Chairman and the
Executive Board of the Pakistan
Club, along with the Bahrain
Federation of Expatriate
Associations (BFEA). It
was part of the ongoing
national campaign to show
solidarity with the leadership,
people and the Kingdom of
Bahrain, rejecting the foreign
interference in its internal
affairs of Bahrain.
Bahrain
Chamber
of
Commerce and Industry
Executive Board member
campaign as they showed up
in thousands to show their
allegiance to HM King,” she
said.
Rear Admiral Pakistan Navy
and the Commander of the
CTF-150 Muazam Ilyas was
O
chief guest on the occasion.
He
applauded
the
enthusiasm of the Pakistani
community and highlighted
the importance of the
expatriate community’s role in
the development of Pakistan
and Bahrain. Head of Chancery
at the Pakistan embassy,
Mohammed Ahad Malik,
who was a guest of honour,
congratulated the Pakistani
Diaspora on Independence
Day.
Bahrain Airport Company (S.P.C.) wishes to invite proposals for the following Public Tenders:
Mohammed Sajid Sheikh presents shield to Muazam Ilyas at
Pakistan Club
and a leading businessman
Mohammed Sajid Sheikh
warned of serious consequences
against any foreign interference
in Bahrain.
“We,
Pakistanis
and
Bahrainis, have been living as
one family for many decades
and any nefarious design to
crack the social fabric of the
Kingdom will be met with
stiff resistance. We will stand
shoulder to shoulder with our
Bahraini brothers and will
defend the Kingdom till the last
drop of our blood,” he stated.
Secretary General of BFEA
Betsy B Mathieson took part
in the ceremony applauded the
efforts of the Pakistan Club.
“I have seen the fervour
among Pakistanis during the
Tender Title
Supply of LED Light
Fittings for Bahrain
International Airport
Tender No.
Tender
Doc. Fees
BAC/FMI/25/2015
BD 15
nonrefundable
Initial
Bond
BD 500
Tender Closing
Day/ Date
Time
Monday
14
September
2015
1:30
pm
•
Tenderers are requested to purchase tender documents from BAC (S.P.C.) from
Sunday, 16th August 2015 until 23rd August 2015.
•
For information please contact the Purchasing Department of BAC (S.P.C.), P.O. Box
24924, Muharraq, Building 284 , Road 2104 , Busaiteen 221 Kingdom of Bahrain
Tel: 17353258.
•
Deposit each Tender Submission in the tender box provided at the Bahrain Airport
Company Procurement office on the above date before 13: 30 L.T. along with an
initial bond for the amount specified above or at the rate of 1% of the quotation value
whichever amount is the lesser, provided that no initial Bond’s value shall be less
than BD 100/-, in the form of a Certified Cheque, Bank Guarantee or Insurance Policy
valid for the duration specified in the tender documents.
•
The Tender will be submitted along with an initial bond for the amount specified above,
in the form of a Certified Cheque or Bank Guarantee valid for the duration specified in
the tender documents. Failure to submit Initial Bond shall disqualify the tender.
•
The following conditions must also be observed:
1. Submit the Grand Prices and Unit Prices (according to conditions) on Form
No. BAC 02.
2. All documents submitted as part of the tender (original or copies) must bear
the stamp of your Company/Establishment.
3. Enclose a copy of the Commercial Registration Certificate for the current year,
which must include the Tender Subject as one of its activities.
4. Enclose a copy of a valid Certificate of Compliance with the Employment
Percentage for Bahraini Manpower issued by Ministry of Labor.
Muazam Ilyas at the Love and Loyalty campaign, along with HOC Pakistan Embassy Muhammad
Ahad and other participants at the event.
•
This advertisement is considered as complementary to the Tender Documents.
10
INDIAN DIASPORA MARKS
69TH INDEPENDENCE DAY
Flag hoisting ceremony held at the Indian Embassy in Bahrain
DT News Network
[email protected]
Manama
ndian diaspora in Bahrain
celebrated
the
69th
Independence Day of India
yesterday with fervour. A flag
hoisting ceremony was held
at the Embassy of India in
Bahrain, in the morning. This
was followed by collective
singing of National Anthem
by all present. Apart from
the Embassy personnel, over
600 Indian nationals residing
in Bahrain, people of Indian
Origin and friends of Indians
participated in the function.
Indian Ambassador to Bahrain
Alok Kumar Sinha read out
Indian President’s Address
to the Nation. This was
followed by singing of patriotic
songs by members of Indian
Associations and Clubs. The
Indian Community Relief Fund
(ICRF) bulletin was released by
Ambassador at this event.
I
Indian Ambassador to Bahrain Alok
Kumar Sinha talking at the occasion
Apart from the Embassy personnel,
over 600 Indian nationals residing in
Bahrain, people of Indian Origin and
friends of Indians participated
Ambassador Sinha
read out Indian
President’s Address
to the Nation
Sixth season ‘Youth City 2030’ gets warm response
DT News Network
Manama
outh City 2030’s sixth
season organized by the
General Organization for
Youth and Sports brought a
variety of activities, lectures,
through the 71 workshops
divided between four city
centres in the Youth City.
Y
furniture, home decorating and
other home-based daily needs.
The Art Centre includes a
‘Future Artist’ programme,
which helps the participant to
acquire basic skills in the art
in its different forms such as
cooking, drawing, painting,
handicrafts, recycling, and
calligraphy.
The four centres include
a Leadership Development
centre, Media centre, Science
and Technology centre and an
Art centre. The third week of
the programme offers a diverse
set of training workshops in
the Leadership Development
centre including a workshop
called ‘Debates’ by Isa Al
Participants of the camp at various sessions
Dosseri. Youth activist Khalid
Marzooqi is also conducting
a workshop called ‘Believe’,
in which they aim to boost
educational values in ethics
and mutual trust to encourage
a positive leadership role in the
community.
The event at the Media centre
includes a ‘Food Photography’
program, which is a program to
teach participants how to shoot
high quality food and eating
shots with modern techniques.
Another program in the centre
is the ‘Baby Photography
program’, in which it teaches
students how to portray
children in a professional
matter with precise lighting
angles.
The Science and Technology
Centre aims to provide
participants with the basic
skills to discover their future
aspirations, where ‘the World’s
Future’ programme deals with
mechanics, health, sports, and
game design, and creative
thinking. The ‘I Fix It’ program
involves enabling participants
to repair the damage that occur
in homes without the need
to resort to any technician or
specialist, such as electricity
supply, painting, installation of
Gold
demand
falls
11
Page 12
IPOs continue
unabated in
Middle East
H
1 2015 saw 11 IPOs in the Middle East and
North Africa (MENA) region, raising capital
of over US$2.4b, according to EY’s MENA IPO
Eye – H1 2015. Deal volume decreased by 31per
cent and proceeds raised decreased by 1pc in H1
2015, compared with H1 2014. Egypt and Saudi
Arabia witnessed the highest number of IPOs with
five and three IPOs respectively.
Q2 2015 saw a significant increase in IPO value,
with nine IPOs raising over US$2.1b, a 92pc
jump compared to Q2 2014. The number of IPOs
decreased however by two in Q2 2015, compared
with Q2 2014.
Phil Gandier, MENA Transaction Advisory
Services Leader, EY, says:
“Egypt and Saudi Arabia continue to be strong
IPO performers; the IPOs on Egyptian and Saudi
Arabian exchanges were the primary drivers
of IPO activity in MENA in H1 2015. Egypt
continues to benefit from increasing political
stability, improved economic conditions and
various reforms, which are driving confidence
in the Egyptian capital markets, attracting both
companies and investors.”
strong demand, with offerings up to 11
times oversubscribed, highlighting positive
investor sentiment in these markets in
particular.”
Largest H1 2015 IPO in Saudi Arabia
Return of outbound London IPOs
H1 IPOs in Egypt included Integrated Diagnostics
Holdings PLC, Edita Food Industries, Orascom
Construction Limited and Emar Misr.
Saudi Arabia saw the listing of
three companies, including the longawaited IPO of Saudi Ground Services
Company on the Saudi Stock Exchange
(Tadawul), which was the largest IPO in
H1 2015, raising US$751.9m, and was
over twice the size of the next largest
IPO during the period. The IPO is part
of the continued privatisation of Saudi
Arabian Airlines business units.
Mayur Pau, MENA IPO Leader, EY,
says:
“IPOs on the Tadawul and the
Egyptian Exchange continue to attract
Q2 2015 also saw the first MENA
outbound IPOs since the listing of Gulf
Marine Services on the London Stock
Exchange (LSE) in Q1 2014. Integrated
Diagnostics
Holdings
(healthcare
diagnostic services) and Edita Foods
Industries (packaged food distributor)
opted for listings on the LSE, through a
main market listing and listing of global
depository receipts.
Integrated Diagnostics Holdings is
the third MENA health care company to
list on the LSE, following the successful
IPOs of NMC Health (2012) and Al Noor
Hospital (2013). This sector continues to
be one of the most attractive sectors in
the MENA region for IPOs.
CFA aspirants rise in Middle East
C
FA Institute, the global
association of investment
professionals, announced that of
27,468 candidates who sat for the
Level III CFA exam in June 2015,
53 percent passed the third and
final exam.
In the Middle East North
Africa (MENA) region, 3,457
candidates sat for the CFA exam
in June, an increase of 7 percent
compared to the prior year.
l The United Arab Emirates
had the largest concentration
within the region, with 1,402
candidates and a 9 percent
increase over 2014.
l The Kingdom of Saudi
standards, and prove the value
of the investment profession. If
we all work together to nurture
a culture of ethical behavior,
investor protection, and market
integrity, we can make a
difference.”
Arabia had 430 candidates,
which was an increase of 9
percent over 2014.
l Lebanon (381 candidates),
Egypt (373 candidates), Bahrain
(305 candidates) and Kuwait
(239 candidates) , Qatar (149
candidates), also had substantial
participation.
“Investors have the right to be
served by ethical professionals
who act as stewards of their
investments,”said Paul Smith,
CFA, president and CEO, CFA
Institute. “As professionals
and through their dedication
and commitment to the CFA
Journey from candidate to
charter-holder takes commitment
Paul Smith
Program and the CFA Institute
code of ethics, today’s successful
candidates join us in our pursuit
to build professionalism, raise
To earn the CFA charter,
candidates must sequentially
pass three six-hour exams that
are widely considered to be the
most rigorous in the investment
profession and accrue four years
of relevant work experience. The
CFA curriculum includes ethical
and professional standards;
financial reporting and analysis;
corporate finance; economics;
quantitative methods; equity, fixed
income, alternative investments;
derivatives; portfolio management;
and wealth planning.CFA
Institute has administered well
over a million exams since the
inauguration of the CFA program
in 1963.
The Level I exam is offered twice
per year, and the Level II and Level
III exams are offered once each
year. The Level I exam consists
of multiple-choice questions.
Level II is composed of item
sets (i.e., mini cases with detailed
vignettes), and the Level III
questions are 50 percent item set
and 50 percent short answer and
essay. On average, candidates
report spending in excess of
300 hours of study to prepare
for each level. CFA candidates
typically take four years to
pass the three required exams.
When asked what their primary
motivation for registering for
the CFA exam is candidates cite
career advancement, a higher
level of knowledge and improved
chances of obtaining a job as the
top three reasons.
12
MONEY TALK
Gold
demand
falls
T
he World Gold Council’s Gold
Demand Trends report for
Q2 2015 shows total demand was
915tonnes (t), a fall of 12 per cent
compared to the same period last
year,due mainly to a decline in
demand from consumers in India
and China. However, demand in
Europe and the US grew, driven by
a mixture of increasingly confident
jewellery buyers and strong demand
for bars and coins. Looking ahead,
there are encouraging signs moving
into what are traditionally the busiest
quarters for gold buying in India and
China.
Overall jewellery demand was
down 14 pc to 513t, from 595t in 2014
due to falls in consumer spending in
Asia. In China, slowing economic
growth and a rallying stock market
led to a 5pc fall in demand to 174t.
In India, the heavy unseasonal rains
in Q1 and drought in Q2 impacted
rural incomes and affected gold
demand. In addition, a dearth of
auspicious days for marriages in
Q3 meant that wedding-related
demand was unusually slow,leading
to a fall in jewellery demand of 23pc
to 118t. Overall, if we look at the
picture for the first half of this year
in India, jewellery was down 3pc to
268.8t from 276.1t (H1 2014). The
US remained steady,with jewellery
demand up for the sixth consecutive
quarter by2pc(26t). In Europe
demand was also up,with Germany
up 7pc and the UK and Spain both
growing by 6pc.
Global investment demand was
down 11pc to 179t from 200t in
Q2 2014. India was the main driver
of the fall, down 30pc to 37t, due
to uncertain price expectations and
a buoyant stock market. This was
countered by a rise in Chinese bar
and coin demand, up 6pc to 42t.In
Europe, fears of a potential Greek
exit from the eurozone saw retail
investment in gold reach 47t, a rise
of 19pc compared to last year. The
US also saw strong demand, with
retail investment increasing by 7pc.
Of particular note was the huge burst
of activity in June, when bullion coin
sales by the US Mint hit a 17-month
high.
Elsewhere,Central
banks
continued to be strong buyers of
gold. Net official sector purchases
totalled 137t, with Russia and
Kazakhstan the biggest purchasers.
Although a year-on-year fall of 13pc,
buying increased by 11pc when
compared with the first quarter of
this year. It is the 18th consecutive
quarter where central banks were net
Gold demand and supply statistics for Q2 2015
• Overall demand was
down 12pc in Q2 2015
to 915t compared to
1,038t in Q2 2014.
• Total consumer
demand – made up of
jewellery demand and
coin and bar demand
– totalled 715t, down
14pc compared to Q2
2014.
• Global jewellery
demand was 513t,
down 14pc compared
to the same period
last year, due to falls
in China, down 5pc to
174t, as well as India,
down 23pc to 118t.
The US and Europe
saw continued growth
with the US up 2pc to 26t, and Europe up 1pc to 15t.
• Total investment demand was down 11pc to 179t,
compared to 200t in the same quarter the previous
year. Demand for bars and coins saw a 15pc drop to
201t from 238t the previous year, as the sector was
affected by an expected increase in US interest rates
and a continued shift towards other asset classes,
notably equities. ETFs saw outflows totalling 23t, lower
than the outflows of 38t seen in the same quarter last
year.
•
Central bankscontinued to be strong buyers of gold,
accounting for 137t in Q2 2015, slightly down on the
equivalent quarter last year, but up 11pc compared
to the previous quarter. It was the 18th consecutive
quarter where central banks were net purchasers.
• Year-on-year quarterly mine production increased
3pc to 787t in Q2 2015, against 763t in Q2 2014.
Recycling levels were down 8pc year-on-year to 251t
compared to 273t in Q2 2014, resulting in total supply
falling 5pc to 1,033t.
purchasers of gold.
Total supply was down 5pc to 1,033t,
as an increase in mine production of
3pc to 787t in Q2 2015 was offset by
declining recycling levels - down 8pc
to 251t. The indication for H2 2015
is that mine production will slow as
the gold mining industry continues
to manage their costs and optimise
operations in the face of challenging
markets.
Alistair Hewitt, Head of Market
Intelligence at the World Gold
Council, said:
“It’s been a challenging market
for gold this quarter, particularly in
Asia, on the back of falls in India
and China. The reverse is true
for western jewellery markets, as
increased economic confidence led
to continued growth in consumer
demand. It is fair to say that
investment demand for the quarter
remained muted given the continuing
recovery in the US economy and
booming stock markets in India and
China during the quarter.
Jewellery market prospects look
healthier for the remainder of the
year with the upcoming wedding and
festival season in India. In addition,
falls in the gold price have historically
triggered buying in price sensitive
markets and we are already seeing
early indications of this across Asia
and the Middle East. Conversely,
sharp falls in Chinese stock markets
have shaken the largely consumer
investment base and we are seeing
early indications of interest in
buying gold again - all illustrating
the unique self balancing nature of
gold demand and the diverse drivers
which underpin it.”
CIB adopts Intellect Custody Solution
I
ntellect Design Arena Limited, a
specialist in applying true Digital
Technologies across Banking & Insurance,
announced that Commercial International
Bank (CIB) the largest private-sector bank
in Egypt, has gone live with Intellect
Custody Solution. With the unique webbased interface implementation, CIB
will be able to maximize the throughput
rate while minimizing infrastructure and
communication cost. Deployment was
completed within a time frame of six
months, automating the complete process
of Custodial Services at the bank.
With the flexible interfacing
capability that enables easy integration
with the existing Core Banking system,
the bank will now have access to
real-time information and improved
straight–through processing in all
areas of custody operations from deal
capture to clearing, settlement, and
corporate actions. The automation of
Central Depository (MCDR) interface
will provide enhanced operational
productivity, mitigation of risks
associated with manual operations, endto-end trade tracking and settlement
across all instrument types. Automation
of MCDR is significant to the bank as 75
per cent of the business transactions are
settled through this interface. Intellect
Custody will also enable CIB to service
clients’ diverse investment strategies
coupled with multi-lingual capability of
clients’ reporting requirements.
“We are pleased to have made
the decision to use Intellect solution
to support the Custody operations”,
said Mohamed Farag, Head of
Global Transaction Services Group at
Commercial International Bank. “As
the largest private-sector bank in Egypt
and the leading financial institution
in the region, it is important that we
provide value for our customers. The
introduction of Intellect Custody
solution deploys robust and globally
proven technology that will provide
flexibility to meet new requirements
and helps us cater to the needs of global
investor community. This deployment
will further enhance capabilities and
add value to important areas of our
business” he added.
Money TALK
SAxo BAnk lAunchES
iTS ArABic WEBSiTE
S
axo Bank, the online trading and
investment specialist, has launched a
dedicated Arabic website to encourage
retailers and investors across the
Middle East to utilise its SaxoTraderGO
platform – a new multi-asset trading
platform.
The new Arabic website enables
Saxo Bank’s regional customers to
explore detailed product and platform
offerings, trading conditions, and
training materials such as videos and
PDF guides.
“Launching our new website will add
value to our services in the Middle East
by providing our multi-asset platform
in Arabic and giving the opportunity to
our investors to explore the possibilities
and opportunities from a singleaccount connecting more than 30,000
products in 40+ exchanges,” said Fadi
Mehdi, Head of Saxo Bank’s office in
Abu Dhabi.
“We are at the tipping point of a
digital wealth management revolution
that will find most retail and private
banks unprepared. Platforms such as
SaxoTraderGO are levelling the playing
field between retail and institutional
investors, and can provide the
transparency and real time access to
their finances across different devices
that Arabic investors are looking for.”
With GCC states boasting some of the
world’s highest Smartphone penetration
rates – Smartphone penetration in
the UAE alone stands at 74 percent –
the flexibility and device-neutrality of
Fadi Mehdi, Head of Saxo Bank’s office in Abu Dhabiff
SaxoTraderGO has impressed regional
traders and investors, believes Fadi
Mehdi.
“As one of the first institutions to
offer this level of seamless transition
between devices, as well as other features
including easy-to-use navigation and a
clear separation between pre-trading,
trading and post-trading services, Saxo
Bank has delivered a disruptive, cuttingedge platform to regional customers
well-versed in innovative technologies,”
said Mehdi.
“By introducing Arabic-language
capacity across our corporate web assets,
platform offerings and educational
materials we are prioritising the
needs of Arabic customers and
demonstrating our capacity to provide
clients with a best-in-class digital user
journey across the entire trading
cycle for both retail and institutional
clients.”
Fadi revealed Middle East clients’
Global Buyout Fund distributes
USD15
million
to
its
investors
G
lobal Buyout Fund, one of the five
private equity funds managed by
Global’s Alternatives Asset Management
team has distributed USD15 million to its
investors. This is the second distribution
from the fund this year after distributing
USD4 million at the beginning of 2015.
With this distribution, the total amount
distributed by the Global’s Private
Equity Funds exceeds USD473 million
since inception.
The fund currently holds five
investments across the MENA region
and Turkey, including the leading
up-market women clothing, accessories
and home decoration collections
retailer in Turkey, Yargici; one of
the largest medical equipment and
disposable products manufacturer
and traders in Europe, Bicakcilar; the
leading pan-GCC retail pharmacies
chain and wholesaler, Planet
Pharmacies; one of the leading
regional heavy equipment rental and
port management companies, Jassim
Transport and Stevedoring Company;
and the leading steel pipes and
merchant bar producers in Oman, Al
Jazeera Steel Products Company.
Ihsan
The funds managed by Global have
undergone a successful turnaround
in many of their key investments
and have put most of the portfolio
companies back on positive growth
trajectory after a challenging period
for Middle Eastern private equity
funds. The team is currently working
on launching the first Middle East
focused Secondary Fund and a
healthcare platform to invest in the
lucrative healthcare market in the
Maha Al-Ghunaim
GCC and Turkey, with several seed
investments readily available. In the
last five years, the team has completed
four investments in their funds,
including one investment in India and
three in Turkey, which also makes
them one of the most active investors
in the Turkish market. The Private
Equity Division manages five private
equity funds and has been one of the
first to launch a GCC-focused private
equity fund in 2003.
13
China funds
loss 7.7 pc
H
usage of SaxoTraderGO reflects
adoption rates elsewhere in the world:
“The response to SaxoTraderGO has
been overwhelming and now, only two
months after the BETA testing period
ended, one third of all our global
clients are trading on SaxoTraderGO.
The adoption of the new online
trading platform in the Middle East
market mirrors usage across all our
operating territories,” added Fadi.
With
new
SaxoTraderGO
components to further enhance the
trading experience due to be released
in coming months, Fadi believes the
bank’s new Account Portal offering –
the first in a set of tools which allow
clients to analyse their trading and
investing performance across all asset
classes – will further improve the
platform’s attractiveness to regional
traders and investors.
“Whether a client is day-trading
Spot FX or long-term investments in
stocks, they need a basic track record
of their performance and whether their
strategies are working - the Account
Overview gives them just that,” said
Fadi. “Our Middle East clients will
welcome the Account Overview
product as it will assist in monitoring
and analysing trading performance,
streamline account development, and
allow partners trading on behalf of
clients and Fund Managers to offer it
back to customers eager to keep track
of their investments without having
to go through the actual trading
platform.”
edge funds investing
predominantly in China
suffered steep losses in July, as
the HFRI China Index declined
7.7 percent and the Shanghai
Composite Index collapsed,
falling over 14 per cent in the
month, including a single-day
decline of 8.5 pct. As a result of
these performance losses, total
capital invested in Asian hedge
funds declined by an estimated
US$10 billion in July, this
after rising to a record level of
$126.3 billion to conclude 1H15,
according to the latest HFR
Asian Hedge Fund Industry
Report.
Other areas of the Asian
hedge fund industry were also
impacted by losses centered
on China. The HFRI EM:
Asia ex-Japan Index fell 5.6
pc in July, lowering YTD
performance to 4.5 percent,
while the HFRI Japan Index
posted a moderate decline of
0.2 percent for the month,
reducing YTD performance to
8.8 percent.
Prior
to
the
recent
performance losses, Asian hedge
funds had experienced net asset
inflows of $1.74 billion in 2Q15,
the highest quarterly inflow since
1Q14. By investment strategy,
inflows were concentrated in
Equity Hedge, with these receiving
US$1.48 billion of new allocations.
By regional investment focus,
Asia ex-Japan received US$1.96
billion of 2Q inflows, while funds
focused on Japan and pan-Asia
experienced a combined outflow
of $220 million for the quarter.
Arab Bank wins ‘Best
Trade Finance Provider
in the Middle East’
A
rab Bank recently received
the “Best Trade Finance
Provider in the Middle East”
award from the globally renowned
EMEA Finance magazine. The
Bank was awarded in recognition
of its significant achievements in
various fields including growth
in market share, innovation, and
business strategy.
Randa Sadik – Deputy CEO
at Arab Bank said: “Receiving
this award for the second
consecutive
year
reflects
the high level of trust and
distinctive reputation Arab
Bank enjoys locally, regionally
and
internationally.
The
recognition affirms the Bank’s
position as a leading provider of
trade finance in the region.” She
added, “The Bank’s extensive
geographical coverage through
over 600 branches across the
world allows it to provide
efficient financial solutions for
local importers and exporters,
as well as multi-national
companies that require crossborder trade finance facilities.”
Nadya Talhouni, Senior
Vice President – Head of Cash
Management and Trade Finance
at Arab Bank said: “At Arab
Bank, we work diligently to
constantly meet our customers’
needs &expectations. This
recognition is yet another
testament to our ongoing
success in providing innovative
and competitive financial
solutions to our customers
through our specialized teams
across our global branch
network.”
Arab Bank had received
many international awards and
recognitions during this year
from prestigious organizations
including Best Trade Finance
Provider in the Middle Eastfor
the second consecutive year from
Global Finance in addition to Best
Bank in Jordan from Euromoney,
Global Finance and the Banker
Middle East magazines.
14
. At 13, I was jamming
Music became my focus
was playing clubs.
with my mates. At 15, I
- Bryan Adams
Los Angeles
rammy Award winning singer Shakira has also
joined actors Jason Bateman and Ginnifer
Goodwin as the voice cast of Walt Disney Animation
Studios’s forthcoming entertainer Zootopia.
The announcement was made via a video by the
singer herself on Friday at the D23 Expo 2015, being
held in Anaheim Convention Center in Anaheim
here.
The Hips don’t lie hitmaker will be giving her
voiceover for Gazelle, a pop star of a town of
animals where they talk and live like humans.
She will also perform a song titled Try
everything for the movie. A glimpse of the song
was showcased by Shakira at the expo through
the clip.
Zootopio will take the audience to a world
where animals talk and carry on with their
life. The focus of the story will be on how a
fox (played by Batman) and a bunny (played
by Goodwin) break away from preconceived
notions about thier characteristics and forge
a new relationship.
That’s not it! Some exclusive video footage
was also screened at the venue of the three-day
fan event.
Try Everything is written by singer-songwriter
Sia and songwriting duo Stargate.
Being co-directed by Byron Howard and Rich
Moore, the film will hit the theatres on March 4,
2016.
G
Los Angeles
he fourth instalment in the Toy Story franchise is getting a sequel and
it will narrate a love story between Woody and Bo Peep. The movie’s
director says he found inspiration for it from his wife.
John Lasseter, chief creative officer of Walt Disney and Pixar Animation
Studios, shared the news of the sequel titled Toy Story 4 at the D23 Expo
2015 at Anaheim Convention Center in Anaheim here on Friday. Lasseter
will be directing the film alongside Josh Cooley.
“It will be a new chapter of the film. In the film, Buzz light year and Woody
leave in search of Bo Peep. I got inspiration for the film from my wife,”
Lasseter said while announcing the news.
T
Melbourne
ooks like actress Sharon Stone can
go on any extent to look timeless as
she has bared it all for Harper Bazaar
magazine’s September issue.
The 57-year-old actress opened
up about outwardly flirting
stating that she had been
getting more strong in flirting,
but unfortunately men doesn’t
realise her getting flirty and
never got asked out by any
men.
Stone
added
that
relationships never worked
for her after her 2001 brain
aneurysm that created brain
damage and had left her rude.
L
Mindy Kaling and Anna Chlumsky
got photobombed by Timothy
Simons during the SAGs.
Washington
ihanna has added another body art in her multiple gothic tattoos and
has inscribed ‘1988’ around her right ankle that is actually her birth
year.
The Bitch Better Have My Money hit-maker posted a snap of her new
tattoo on Instagram and credited her tattoo maestro and close pal Bang
Bang for aptly embossing the tattoo on her ankle. Bang Bang has also
worked with celebrities like Cara Delevingne, Miley Cyrus and Lady Gaga.
R
She played Luna
Lovegood in the last
four installments
of the Harry Potter
film franchise. She
received additional
recognition for her
appearances in
G.B.F. and It Don’t
Come Easy.
Washington
merican singer Miranda
Lambert, who recently got
divorced from husband Blake
Shelton, was spotted enjoying
girls nigh out with close pal
Ashley Monroe.
The 31-year-old singer
took to Instagram to share
the picture, depicting the duo
smiling at camera, with her
fans and wrote “Date night”.
While making reference
to Monroe’s song On to
Something Good, Lambert
wrote “I feel like I’m on to
something good.
The You Got Me singer,
who was promoting
her new album The
Blade, ran through
her set with Lambert
before the pair took
the stage together
for a performance of
Lambert’s Heart Like
Mine.
The
duo
had
previously performed
together at intimate
show at an East
Nashville club.
A
Los Angeles
ctress Kristen Stewart says she sometimes feels as though her life is like a
comic book and she’s playing an assigned personality.
The American Ultra star said: “It’s like I’m involved in a weekly comic
book. I have this assigned personality, which I helped create, I suppose.
People stand to make a lot of money on people like me, it’s this booming
industry, so why would you go and change the character that people
are paying for?”
Stewart says there are things about the fame game she does not
enjoy but insists she’s a tough person.
The Hollywood starlet had to have a strong personality
because she grew up with three brothers, Cameron,
Dana and Taylor.
“Growing up with three brothers I was not
treated better and I was not treated worse. I really
was one of the boys, ” she said.
August 16, 1991
Evanna Lynch
A
Los Angeles
rammy Award winning singer Ne-Yo paid tribute
to late actor-comedian Robin Williams, who
made his way into the hearts of millions across
the globe with his various characters, at the Disney
Legends Awards ceremony.
The tribute was paid at the award ceremony on
Friday, the first day of D23 Expo 2015. The event,
where Disney fans flock to from all over the world,
is being held in Anaheim Convention Center in
Anaheim here.
“We miss a very very gifted Robin Williams. He was
all about spreading joy and laughter and setting new
standards for comedy work in films, TV, live action
and animation.
“And today in honour of Robin, we are doing
a world premier of song Friend like me from the
upcoming We Love Disney album,” Bob Iger, chairman
and CEO of The Walt Disney Company, said at the
award ceremony.
G
15
16
The Independence Day was celebrated in the Isa Town Campus of the Indian School, Bahrain. School Chairman Prince S Natarajan hoisted the National Flag in the presence of EC members Bhupinder S
officiating Principal Satheesh. The ISB band led by the Vice Captain Abel Manuel along with the other 20 band students played the tune of the National Anthem. Parents, teachers, administrative staff atte
Rajasthanis in Bahrain (RIB) celebrated Indian Independence Day.
Bahrain Keraleeya Samajam (BKS) celebrated Indian Independence day. BKS
Syro Malabar Society (SYMS) celebrated 69th Indian Independence Day. The National Flag was hoisted by Society President Francis Kaitharath. Members took the Indian National Pledge
led by the General Secretary Biju Joseph.
Tamil Socia
hoisted by
Singh , Jayafar Maidanee, M. Khursheed Alam and the
ended the event.
17
The Indian Club
Bahrain celebrated
India’s
Independence Day by hoisting the Flag. The
ceremony was conducted by Club President Anand Lobo.
General Secretary
Ashok Kumar T, treasurer Mahesh Kumar, Indian Embassy
second
secretary
Anand Prakash were
present. Following
the singing of the
National Anthem,
Anand Lobo made
a short address in
which he noted the
historical
significance of India’s Independence.
S President Varghese Karakkal hoisted the national flag. Patriotic songs were rendered.
al and Cultural association (Tasca) celebrated 69th Indian Independence day yesterday at Tasca premises. The flag was
y the President Retnaraj. More than 50 persons attended this function.
BKS organised Onam Celebration “ Poovili 2015” . Floral Display Competition
was conducted during the celebration. Winners are- Mandaram, Snehakkodu,
Travelogics groups respectively.
18
Reel Veil
CAP THE SNAP
Some films stand out for directorial prowess. Some remain afresh in our memory
for their punch dialogues. There’re also films which are a visual treat. Movies
come in two genres; commercial and artistic. Let alone the genre, a movie should
be evocative or entertaining. We’re certain you have a long list of such movies
which you would want to see again and again. DT News reproduces a scene a day
from a popular movie with a few questions. Relapse into flashback mode and
answer!
Today’s questions
Name the film
Name the actor
In which mountain was the
movie shot?
Send your entries to [email protected]
with your profile picture. If you are
the first to come up with the right
answers, your picture will appear in
these columns.
ARIES
20th March - 20th April
Now is not the time to prove
to people that you are the boss.
They would surely tighten up and
move to the defensive side of the tracks.
You are much better off taking a sensitive
and nurturing approach on a day like today. Focus your fire internally and use it to
drive your own engine.
LEO
20th July - 20th Aug
The more you let your ego and
fantasies swell today, the more
friction you will encounter with
other people. Others are not going to be
fooled, nor are they going to want to deal
with fluff and frivolity. You might consider
letting someone else take the lead while
you focus more on your energy internally.
SAGITTARIUS
20th Nov - 20th Dec
Take a step back from the line of
fire today, and examine your position. You have made some bold
moves, and now it is time to pause and evaluate. Listen to the reactions of other people,
and take their observations and comments
to heart. Other people may see things about
your current situation that you do not.
Head this challenge.
Can you think of an apt
caption for this?
Something funny, intelligent and out-of-the-box!
If you make a winning
entry, your photo along
with the caption will be
featured in DT News.
So grab a pen, think hard,
write to us and see yourself in this space soon!
Don’t forget to attach your
picture.
Send entries to: facebook@
dt.bh with subject as
‘Caption Contest’
BEST FROM THE LOT. YOU COULD BE NEXT
Q: How do trees access
the internet?
A: They log in.
You got it right!
Film- slumdog millionaire
Actors-Dev Patel, freida pinto
Academy awards for best picture, best director, best cinematography and for best original
score.
-Najim Salim
HA HA...HEE HEE...HO HO...!
Dance with us otherwise we will
throw you that side
- Abhiruchi Pankaj Jain
Q: What is the tallest building in
the entire world?
A: The library, because it
has so many stories.
Q: What type of book has only
characters and no story?
A: A telephone book.
YOUR STAR TODAY
TAURUS
20th April - 20th May
This is a favorable day for you to
deal with intimate and sensitive issues. You will find yourself in comfortable situations that allow you to express what
you really believe. There is no need to hold
back, because people will have a greater understanding of what it is that you are feeling.
VIRGO
20th Aug - 20th Sept
The hard work and detail-oriented planning you have done lately is
really starting to pay off. The key is to
maintain your sensitivity and look to where
you can be of service to others. The nurturing side of you is feeling the need to express
itself in a helpful manner. Follow your heart
today, and be respectful of your emotions.
CAPRICORN
20th Dec - 20th Jan
For some reason you may not
feel like you are in tune with the
situation you find yourself in today.
Try not to get too pushy when it comes to
your opinion about how things should be
done. Honor other people’s perspectives
and approaches. It may be hard for others to
commit to things the same way you can.
GEMINI
20th May - 20th June
There is a very heavy atmosphere around you that you
might feel stifling. Situations are
cropping up that are urging you to think
on a practical level in regard to your emotions. You will find that things go much
smoother if you slow down and think
about a situation before you proceed.
LIBRA
20th Sep - 20th Oct
You may not want to wander very
far from your bedroom today,
and that is fine. Take this opportunity to stick close to home and get things
done around the house that make you feel
like your energy is an important part of the
atmosphere. Be soft and gentle with your
words and actions. Just take it easy today!
AQUARIUS
20th Jan - 20th Feb
Try not to be too competitive
today. The more you try to drive
your point across, the more it will be
met with stubborn opposition. This is a better day to sit back and observe the situation.
Emotions are running high, and people are
not necessarily acting in a rational manner.
Save your ammunition for something else.
CANCER
20th June - 20th July
Just when you thought that the
whole world was turning on you,
things start to come back around.
You will find that you don’t need to hide
inside your shell. In fact, the more you let
your true spirit emerge, the more allies
you will gain. Your ambition to rule your
world is becoming an attainable goal.
SCORPIO
20th Oct - 20th Nov
Things are on the upswing for
you today. People are finally
coming around to seeing things
from your perspective. There is no need
to doubt yourself for any reason. Look in
the mirror and know that the person you
see is capable of accomplishing anything.
Your powerful emotions are your allies.
PISCES
20th Feb - 20th Mar
Sink into a soft and gentle rhythm
today in which you flow with everything around you. Ease your mind
about any worries that might have cropped
up recently. Your subconscious knows the
way. The key words for the day are sensitivity
and intuition. These are your specialties. You
don’t need to be concerned about a thing.
19
CROSSWORD
Across
1- Forest clearing; 6- Condescend; 11- Blood letters; 14Plant root; 15- Baseball manager Joe; 16- Fairy queen; 17Chopin composition; 18- Airport; 20- Precious stone; 21Fellas; 23- Bowler hat; 24- Consecrate; 26- Inflammation of
the colon; 28- Self-defense method; 30- Primp; 31- Efface;
32- His and her; 33- French possessive; 36- Golf stroke;
37- Grumble; 38- Mickey’s creator; 39- Mineral suffix; 40Leguminous plants; 41- Anorak; 42- Bandleader Shaw;
43- Black eye; 44- Distribute the wrong cards; 47- Mazda
model; 48- Foil maker; 49- Able was ___...;50- Boob tubes;
53- Seacoast; 56- Attempts; 58- First name in advice; 59Shout of exultation; 60- Smells; 61- Used to be; 62- Early
computer; 63- Grandmas;
Yesterday’s solution
Down
1- Diver Louganis; 2- Behind schedule; 3- Foreshadow;
4- Accomplished; 5- Person skilled in interpretation; 6Remains; 7- Some digits; 8- Bobby of hockey; 9- Acapulco
gold; 10- Cheapjack; 11- Less than lively; 12- Disney deer;
13- Follows orders; 19- Jockey’s strap; 22- Function; 25Make it to the end; 26- Ships’ companies; 27- Trompe l’___;
28- French military cap; 29- In ___ (stuck); 30- Call; 32Bring up the rear; 33- Damnation; 34- Actress Sommer; 35The closest one to us is the sun; 37- “___ grip!”; 38- Hold on!;
40- Respire; 41- Light fourwheeled carriage; 42- Brouhahas;
43- Round Table title; 44- Long-tailed parrot; 45- Actress
Massey; 46- Examines closely; 47- Red Bordeaux; 49- To
Live and Die ___; 51- Aloe ___; 52- Flat sound; 54- PC
linkup; 55- Boxing legend; 57- Cereal box abbr.;
LIFE IS LIKE THAT ONLY
DILBERT
R
BEETLE BAILEY
S U D O KU
R
How to play:
Place a number in the empty boxes in such a way that each row across, each column
down and each 9-box square contains all of the numbers from one to nine.
Yesterday’s solution
HENRY
R
20
Out& abOut
MIXOLOGY WEEK
Date : Today to August 21
Venue: Sofitel Bahrain Zallaq Thalassa
Sea & Spa
As a part of Mixology Week , the
scenic resort of Sofitel Bahrain will play
host to bartender Ravi Camardo, winner
of the 2011 International Bartenders’
Association Flair Championship from
August 16. He will be displaying his
talents throughout the week on-site
venue Tapas, preparing drinks in
the most impressive ways possible
alongside the Sofitel hotel’s team.
Mr Camardo will also be performing
at the hotel’s Friday Brunch on August
21, which will be followed by a Le Blanc
Mixology party at Tapas for one night
only, featuring DJs and a white theme.
For budding mixologists, flair master
classes will also be held throughout the
week, while a special ladies mixology
night will be held on August 17.
RELIGIOUS LECTURE
Date: Tuesday 18 August 2015
Venue: Discover Islam Auditorium,
Hoora
Sharia scholar and Vice chairman
of Disover Islam Shaikh Esam Ishaq is
delivering a lecture in English on HajjVirtues and Rulings on Tuesday 18
August 2015 at 6.45pm at the Discover
Islam auditorium. Admission is free
and all are welcome.
SESaME STREET: LIvE ELMO MaKES
MUSIC
Date : 20th August 2015 to 24th
August 2015
Venue: Cultural Hall
Get ready for a musical event like no
other - monsters making music! Elmo,
Abby Cadabby, Big Bird and all their
Sesame Street friends share their love
of music in this family-friendly show.
Join the fun as they embark on starting
a band and discover ‘instruments’ they
never knew existed; pots and spoons,
trash can lids, and even cookie jars!
Everyone’s favourite fun, furry and
feathered friends teach children that we
can create and enjoy beautiful music
together.
DESI SWaGGER NITE bY DESIbEL
Date: August 20 (9PM-2AM)
Venue: Brazil Lounge, Manama
From the house of DESiBEL comes
a super new concept called “Desi
Swagger”. This Super Cool Night
which will see only the best crowds,
so make sure you swagger up. Strict
crowd profiling is the key feature of this
night, also featuring music by In-House
Resident DJ’s. Couples, Mixed groups
& Girls enter free all night. Stags: Entry
by Registration & Prior approval. Arrive
early to avoid disappointment.
SUMMER FUN
Date : August 23 to 25
Venue: Tribal Fitness, Budaiya Highway
If your kids enjoy fitness then this is
the camp for them, as the Tribal Fitness
team will teach them to stay fit, learn
moves and work hard to complete tasks
Today’s evenT
party so don’t miss out on Night
Pro BH’s and The K Hotel’s special
“Night Pro BH Pool Party III”
extravaganza, featuring music by
DJ Santi, DJ Ceasar, and DJ Cossta.
Pack your sexy swimsuit, sun screens
and friends. Try out The K Hotel’s
poolside menu, and sip on drinks
while catching some rays and dancing
to the best tunes around. VIP tables
are available for BD120, including
1 bottle. Dress code: Swim Wear.
Tickets cost BD10, Ladies get free
entry all day. Free entry for all the
Air Crew.
GRavITY MECHaNICaL SWING
CaROUSEL CLaSS WITH ELENI
MOUSTaLa
MaDaMa bUTTERFLY
Date : Today
Venue: La Fontaine Centre of Contemporary Art
La Fontaine presents a memorable evening for opera lovers of the
Kingdom with a film Madama Butterfly, an exquisite and highly
acclaimed production from La Scala . It’s a tragic story of a woman’s
unceasingly intense struggle within a traditionally conservative society.
Tickets are priced at BD10 and the value can be used as a credit at the
venue’s restaurant on the same day evening.
in a safe environment. It’s suitable for
children aged six to 12 and costs BD90
per three-day camp. Sessions run from
10am to 2pm.
TazIRI: TITI RObIN ENSEMbLE
Date: August 25
Widely credited as a forerunner to the
rise of the popular genre that became
known as “world music”, French
musician, composer, and improviser
extraordinaire Thierry “Titi” Robin
made his mark in the music world with
his signature and highly personal style known as “Mediterranean music” - from
the confluence of Gypsy, Oriental and
European cultures. Joined on stage by
Moroccan musician Mehdi Nassouli,
this self-taught musical pioneer will
showcase how artfully weaves these
seemingly incompatible musical genres
into brilliant and unique masterpieces.
FINaNCIaL MODELLING WITH EXCEL
TRaINING
Date : 25 to 27 August 2015
Venue: Holiday Inn Express Bahrain
Learn, apply and analyse financial
models with Excel with competency
and expertise after a three -day course
in FME organised by Knowledge Hut
. Get practical, hands-on training in
powerful Excel tools that will help
create financial models facilitating
greater analytical accuracy. Build a
solid foundation in Excel techniques
that can be used to manipulate large
datasets of financial information.
Delivered using a combination of
lectures and practice problems and
online training, the course facilitates
to apply one’s learning to build useful,
accurate, and robust financial models
with ease.
bEaT bUMpER: WRECKING CREW
ORCHESTRa
Date: August 28
Come and bear witness to “Beat
Bumper”, the latest mesmerizing
show by innovative Japanese street
dance troupe Wrecking Crew
Orchestra. Blending dance and music,
the Osaka-based 8-member crew shot
to global international stardom with
their perfectly choreographed sets
that are performed in the dark while
wearing special futuristic illuminated
costumes, creating a mind-bending
showcase that must be seen to be
believed.
NIGHT pRO bH pOOL paRTY III
Date: August 28 (1PM-11PM)
Venue: K Hotel, Juffair
The weather is perfect for a pool
upcoming evenT
MOSaIC
WORKSHOp
Date: 21 & 22
August 2015
Venue:
Malja
Bahrain
Faiza
Saeed,
one of the most
prominent mosaic
artists
in
the
Kingdom is hosting
a mosaic workshop
detailing her famous
mosaic techniques
and basics.
Date: September 20 (9AM-6PM)
Venue: Al Safir Hotel and Tower
Join with Sugarcraft art and cake
decorating class and learn how to
create motion in cakes and make
these teddy bears defy gravity! The
class is taught by Eleni Moustala,
an interior designer from Athens
and self-taught in sugar craft art.
She was announced Cake Decorator
of the Week on Cake Central many
times and was honoured with the
title “Rising Star for May 2015”. Her
philosophy is that “Everybody is able
to do it from the moment we love it
very much.” This class welcomes all
skill levels, including beginners, as
analytical information and necessary
help will be given.
GULF HEaLTHCaRE SUMMIT
2015
Date: September 29-October 1
Venue: The Diplomat Radisson Blu,
Hotel Residence and Spa
The First Annual Gulf Health
Care Summit 2015 is held under the
Patronage of His Excellency Mr. Sadiq
AbdulKarim Al Shehabi, Minister of
Health. The summit will be held over
the course of three days and will include
a two-day conference with international
speakers and a one-day workshop
featuring six parallel workshops.
Gulf HealthCare Summit is the only
integrated networking event that is
How
to reach us
‘Out & About’ page
gives up-to-date information
on a daily basis (except on
Wednesday and Thursday) on
the events and programmes
taking place in clubs, associations,
churches, temples, mosques,
universities, colleges, schools, and
Bahrain Exhibition Centre. To be
included, you may share your
events’ details well in advance
on our whatsapp group
‘Bahrain Events’
(39817819) or
email: [email protected]
or call 38444680.
focused on providing deep insights
into the Healthcare and Hospital
Administration and Management life
cycles, with particular emphasis on
the application of international best
practices tailored to the Middle East
market.
aL aNSaR SUMMER CLaSSES
Date: Every Saturday, Monday &
Wednesday
Venue: Al Ansar Centre
Al Ansar Center Bahrain is
organising summer classes for
children aged eight and above. There
will be three classes weekly, on
Saturdays, Mondays and Wednesdays
from 09:30 am to 12:30pm. The
activities are Qur’aan and Islamic
Studies, Good manners, Quiz,
Creative Fun, Work shops and Study
tours. Transport facility is arranged
for the student participants.
MONTE CaRLO paRTY FT. LOST
FREqUENCIES
Date: September 25 (10PM)
Venue: Bushido Restaurant and
Lounge, Seef
Monte Carlo, Monaco; a city
that conjures visions of beauty and
extravagance in the most tasteful
fashion. In partnership with
Jimmy’z nightclub in Monte Carlo,
Bushido will be presenting a night
of entertainment dedicated to this
luxury travel destination city for
another impressive and memorable
nightlife event, transforming its
venue from a tranquil and luxurious
Japanese restaurant into one of the
chicest and most lively nightspots
on the island, featuring live music
by “Lost Frequencies” Contemporary
Belgian DJ Felix DeLaet, who
recently made waves on the music
scene with his dance track, “Are You
With Me”, the song has very recently
been charting at number one across
Europe and Australia in 17 music
charts, including the UK, Australia,
Germany and Sweden. Dress code:
Dress to impress. Tickets cost BD10
(free entry for guests arriving before
10pm).
SUMMER DRINKS
Date: Daily until September 30
Venue: The Lobby Lounge, The Ritz
Carlton, Bahrain Hotel and Spa
The Lobby Lounge has created a
collection of signature refreshments
including mocktails, smoothies,
milkshakes and iced beverages for
your delight this summer. BD4++ per
drink. Contact 1758 6499 or rc.bahrz.
restaurant.reservations@ritzcarlton.
com for more information.
[email protected]
“Intelligence
without
ambition is a
bird without
wings.”
–Salvador Dalí
21
36 outstanding students on
educational trip to uK
Manama
asser
Center
for
Rehabilitation
and
Vocational Training is to
organize an educational and
cultural trip for 36 outstanding
students to the United Kingdom
during the summer holiday.
The programme aims to
provide the students with
leadership skills, self-reliance,
recognizing the importance of
teamwork and the importance of
communication and opening up
to the world.
Nasser Center’s ManagingDirector
Abdulrahman
Al-Hammadi
said
that
the students’ international
N
educational trips program is
designed to reward outstanding
students, encouraging them to
maintain their distinctiveness
and to be a model to follow by
the rest of the students.
Suad Alhalwachi
[email protected]
He added that the programme
comes in line with the Nasser
Center’s efforts to expand
the students’ creativity and
innovation, promote the spirit of
good citizenship and disciplinary
behaviour so as they take part
in serving the homeland and
leadership.
He underlined the support
of Chairman of the Board of
Trustees Shaikh Nasser bin
Skills missing due to
our education system
Hamad Al Khalifa and his
firm belief in providing proper
education for the youth as they
represent a key factor in nationbuilding.
Deputy Director for Student
Places for Students’
Summer Escapade!
Ali Al-Aradi
HRD Lecturer
21st century Skills missing due to our education system: (Continuation of Part 1)
Foundational Literacy:
Skill
Definition
Literacy
Ability to read, understand and use written
language
Numeracy
Ability to use numbers and other symbols to
understand and express quantitative
relationships
Scientific literacy
Ability to use and create scientific knowledge
and principles to understand one’s environment
and test hypotheses
ICT literacy
Ability to use and create technology-based
content, including finding and sharing
information, answering questions, interacting
with other people and computer programming
Financial literacy
Ability to understand and apply
conceptual and numerical aspects of finance in
practice
Cultural and
Ability to understand, appreciate, analyse and
civic literacy
apply knowledge of the humanities
Character qualities:
Curiosity
Initiative
Persistence/ grit
Adaptability
Leadership
Social and cultural awareness
Competencies:
Skill
Definition
Critical thinking/
problem solving Ability to identify, analyze and evaluate
situations, ideas and information to
formulate responses and solutions
Creativity
Ability to imagine and devise new,
innovative ways and addressing problems,
answering questions or expressing
meaning through the application,
synthesis or repurposing of knowledge
Communication Ability to listen to, understand, convey
and contextualize information through
verbal, nonverbal, visual and written
means
Collaboration
Ability to work in a team towards a
common goal, including the ability to
prevent and manage conflict
Ability and desire to ask questions and to demonstrate open- mindedness and inquisitiveness
Ability and desire to proactively undertake a new task or goal
Ability to sustain interest and effort and to persevere to accomplish a task or goal
Ability to change plans, methods, options or goals in light of new information
Ability to effectively direct, guide and inspire others to accomplish a common goal
Ability to interact with other people in a socially, culturally and ethically appropriate way
I did a search on the various school
systems around the world and matching the
skill set required from students by the time
they reach university level, and in conclusion:
l The persistent gap in the middle east
can be closed by introducing new models
of teaching
l From my research I find that the
German system of Rudolf Steiner is the best
suited and will give the students the ability to
own 21st century skills
l We can save two years from our
students’ lives so when they graduate they
can be on the same footing as their western
counterparts
l We will have better return on our
education investment.
Our children deserve better.
Operations
and
Services,
Salah Al-Abdullah said that
the educational trips are good
opportunity for the students to
be familiarised with cultures and
civilizations of countries they visit.
(Continuation of Part 1)
he summer break is a good
opportunity to know more
about Kingdom of Bahrain, you
can do various educational visits
to enjoy the site and in the same
time learn some new things.
Given below are some places you
may like to visit this summer:
Arad Fort: Arad Fort is a
15th century fort and one of
the more important historic
monuments of Bahrain. It is
located on Muharraq Island
near the airport. During its
history, it served as a base
for various foreign occupiers
of Bahrain, including the
Portuguese in the 16th century
and the Omanis around 1800.
The square shape with big
circular towers at the corners
is typical of the local military
architecture. Besides beach
rock, (coral limestone) mainly
palm tree wood was used for
construction; nearby wells
provided for fresh water. This
fort controlled the navigation
between a small island and the
main Bahrain Island.
Bahrain Fort: Bahrain Fort (or
Qala’at al-Bahrain in Arabic) is
a 16th century fortress built by
the Portuguese during the times
T
when they dominated trade
routes in the Indian Ocean. This
fort is one of several built in
Bahrain and around the Arabian
Gulf to protect these trade routes.
It has been nicely restored and
is open to visitors. Just outside
the fort is a partially excavated
ancient settlement from the
Dilmun civilisation, which goes
back at least 2000 years. In 2005,
the Bahrain Fort and the Dilmun
excavations were added to the
UNESCO World Heritage List.
Barbar Temple: The Barbar
temple is 5000 year old and the
ancient sites in Bahrain centre
round the Dilmun societies
centuries ago. The ruins of the
Barbar Temple date back to the
third millennium BC, to the days
when the god Enki was in high
esteem as the god of water and
Earth and sometimes creation
itself. The Temple is a small
cluster of stone wall foundations.
There are three temples roughly
500 years apart, built on adjacent
foundations. Archaeologists
would love it, but the common
person would get bored in 5
minutes.
Make your summer vacation
a fun learning moment and
discover the culture, people,
trade and history of Bahrain.
Invite your friends, classmate
and even family members to
make it more meaningful.
Summer doesn’t mean we need
to have a break from learning
and it’s all about fun. Why not
have both? Enjoy!
22
: Bahrain best classifieds
Wanted
Reputed trading company
in Bahrain requires
experienced Sales Executive
for building materials
department.Interested
candidates please send CV
to: Fax 17795624,email :
[email protected]
Wanted
Urgently required
experienced Electronic
Technician and Audio
Technicians for a reputed
car accessories shop in
Dammam, Saudi Arabia.
Contact: 33984672
33941898
00966502428900
Admission
Blooming Buds Kindergarten
(British Curriculum) at
Bukuwara East Riffa,starting
September 2015, for children
aged 3 to 6 years. For
registration call 33178101,
35979101
caRgo
City
Express
Cargo:
Worldwide Air
Cargo,
Sea
Cargo,
Customs
Clearance and Packing
Tel: 17281424, 33443770
Fast Track Cargo & Courier
Services:
Unbelievable
charges all over the world.
Air Cargo (Door to Door) BD
1.000 per kg and Sea Cargo
(Door to Door) BD.600per kg,
17325458, 33028881
Prime Door to Door Services: Door to Door, Airport to Airport, Courier Services, Road
Services, House Removal
.17231171
DATA G U L F T E C H N O L O G I E S
3372 6667-3551 8114
computeR
Cleaning Services:
Carpet & sofa shampoo,
plumbing
& Electrical jobs.
Tel. 17562400, 36994899
Only
for
Data recovery specialist
for Pcs,Laptops,Servers,
Mobiles.
Call TECHNOSERV
39609876
foR Rent
ladies
Gym with lady trainer
BD 10:- Monthly
Contact us:- 35372507
Indian Club. Gudaibiya
Spacious Offices for
rent in Diplomatic area
- Car Parking available,
Rent starts from 800BD.
For info call 36892002,
16686145.
Residencia
Apartments- Juffair.
Luxurious Fully Furnished
2 bedroom apartment,
2 bathrooms, Fully fitted
Kitchen, 145 Sqmt.,
Common Building Facilities–
Pool, Gym, Reserved Parking etc.
Walking distance to Al Jazira
Supermarket.
Price: BD. 85,000/-.
Contact: 39222556,
39686123
Rent a caR
Oscar rent a car
2015 Model Available
Special Prices on Monthly
and Leasing
Contact - 36226333
No power is strong enough to be lasting if it labors under the weight of fear
23
The agreement will
advance Greece by making
its financial system more
stable, starting right now
This sub-standard behaviour
from the (BBC) executives is
very disappointing
- Greek PM
Alexis Tsipras
- Welsh veteran singer
Tom Jones
JET AIRWAYS OFFER FOR
UAE EXCHANGE PATRONS
Discount for Gold Card holders
DT News Network
Manama
old Card holders of
UAE Exchange living
in Bahrain, who fly with Jet
Airways, will now be eligible
for a 20 per cent discount on
airfares.
UAE Exchange and Jet
Airways recently entered into
an agreement to offer exciting
discounts for Gold Card
members of the former.
The MOU signing ceremony
was held on August 11 at
the UAE Exchange office in
Bahrain.
The tie-up enables UAE
Exchange Gold Card members
in Bahrain, who fly with Jet
Airways to avail a 20pc
discount on air tickets. This
offer is applicable for tickets
purchased between August 12
and October 10 this year and
will be valid for a travel period
between September 1 and 10th
December 10 this year.
Commenting on the tieup, UAE Exchange Bahrain’s
Acting Head of Operation
Vineesh said, “UAE Exchange
always strives to provide
its customers value added
services. In this regard, we
The tie-up
enables UAE
Exchange Gold
Card members in
Bahrain, who fly
with Jet Airways
to avail a 20pc
discount on air
tickets
G
Barrel roll
Senior officials of UAE Exchange and Jet Airways at the event announcing the tie-up
have strategically tied up with with UAE Exchange. Like us, believe that we have found a
Jet Airways and will continue they too enjoy the immense perfect partner in them.”
UAE Exchange, Bahrain,
to offer our customers best-in- trust of customers because of
their affinity for enhancing has always believed in offering
class services.”
Jet Airways Bahrain GM customer experience. They customers value added services
Sayed Ahmed weighed in, “We also place great emphasis on through various offers and
are extremely glad to associate customer satisfaction and we promotions. In a very short
US oil prices edge up from six year low
Chicago
S oil prices rallied a bit
Friday in a technical
bounce after closing at
the lowest level in six and
a half years in the prior
session.
US benchmark West
Texas Intermediate for
September delivery added
27 cents at $42.50 a
barrel on the New York
Mercantile Exchange.
European benchmark
Brent oil for delivery in
September dipped 19
cents to $49.03 a barrel in
London.
Citi Futures analyst
U
Representational image
span of time it has emerged
as the favourite of many,
expanding service offerings
and branch network.
UAE Exchange is well known
for its penchant for quality,
which has won the brand many
awards and recognition. To
be the trusted neighbourhood
brand to millions of customers,
UAE Exchange has aggressively
spread
its
footprints,
worldwide.
Today it has the largest
branch network in its class
with over 750 direct offices
across 31 countries. Its strong
corresponding
banking
relationship with over 140
leading global banks adds to
the might.
The event that announced
the tie-up was attended
by senior officials of UAE
Exchange, Jet Airways, special
invitees and the Media.
Tim Evans said Market
fundamentals “remain
soft” with most observers
concluding the market will
become even more glutted
in the period ahead.
US oil producers added
two more rigs to 672 for
the week ending August
14, according to Baker
Hughes, in a sign that
oil production will likely
linger at high levels despite
lower crude prices.
Adding to the downward
pressure has been a “clearly
bearish” outage at a BP
refinery in the Midwestern
state of Indiana, depressing
crude demand, said Andy
Lipow, head of Houston
consultancy Lipow Oil
Associates.
Also
Friday,
the
Department of Commerce
confirmed that it approved
crude exports from the US
to Mexico in exchange for
an unspecified “similar”
quantity of Mexican crude,
a senior administration
official said.
Lipow said the move
could lead to the export
of 100,000 barrels of crude
from
heavily-supplied
areas of the US and would
be “supportive” of prices.
The policy could also be
“another crack in the wall”
to permit oil exports, he
said.
But Matt Smith, director
of commodity research at
ClipperData, said Friday’s
rise in US prices was
primarily technical rather
than a response to news of
the US-Mexico oil swap.
However, a full-fledged
lifting of the US oil export
ban would be impactful,
he added.
“It is a newsworthy
development but it’s not
necessarily a price mover
at this point,” Smith said.
24
BUSINESS
Greek PM faces revolt after eurozone vote
THIRD TROUBLE TO TSIPRAS
Athens
reek Prime Minister Alexis
Tsipras was yesterday
battling a major revolt amongst
members of his radical-left
party who oppose the third
huge bailout for the crisis-hit
G
COUNTRY/CURRENCIES
SOUTH AFRICAN RAND
US DOLLARS
CANADIAN DOLLAR
PERUVIAN NUEVO SOL
INDIAN RUPEE
BANGLADESH TAKA
CHINESE YUAN
HONG KONG DOLLAR
INDONESIAN RUPIAH
JAPANESE YEN
KOREAN WON
SRI LANKAN RUPEE
MALAYSIAN RINGGIT
NEPALESE RUPEE
PHILIPPINE PESO
PAKISTAN RUPEE
SINGAPORE DOLLAR
THAI BAHT
AUSTRALIAN DOLLAR
NEW ZEALAND DOLLAR
EURO
SWISS FRANC
CZECH KORUNE
BRITISH POUND
TURKISH LIRA
SAUDI RIYAL
UAE DIRHAMS
QATAR RIYAL
KUWAITI DINAR
OMANI RIYAL
EGYPTIAN POUND
JORDANIAN DINAR
LEBANESE POUND
MOROCCAN DIRHAMS
SYRIAN POUND
YEMENI RIYAL
country. Finance ministers
from
the
19-member
eurozone approved a package
late Friday that will see
Greece receive 86 billion
euros ($96 billion) over three
years in exchange for far-
BUY
SELL
36.2319
2.6667
3.5323
7.6923
168.0672
205.9308
17.1233
21.5193
38669.7602
337.8378
3540.0736
364.6149
10.9529
306.0603
124.8439
276.8649
3.7665
92.081
3.6443
4.122
2.4231
2.6497
90.0901
1.717
7.4789
10
9.7561
9.6899
0.8078
1.0272
20.284
1.8857
4224.7571
26.8817
952.381
912.3255
31.8471
2.6438
3.3693
7.6923
160.7717
194.704
16.2075
20.0521
32938.0764
313.4796
2684.7079
315.1969
10.1729
252.0587
117.5088
258.9419
3.635
90.3342
3.4722
3.9573
2.331
2.517
45.2489
1.6578
6.9502
9.9334
9.721
9.6283
0.7981
1.0197
19.1205
1.8625
3813.8825
24.2718
574.7126
541.6825
Rates are for indication purpose only. For firm rates or for currencies not listed above please
call Bahrain Financing Company. Telephone: 17228888, Website: www.bfc.com.bh
COUNTRY
1 US DLR
1 UK STG
1 SFR
100 YEN
BAHRAIN
0.3770
0.5876
0.3829
0.3028
KUWAIT
0.2855
35.5419
0.2900
0.2293
OMAN
0.3849
0.3789
0.3910
0.3092
QATAR
3.6420
3.5855
3.6993
2.9255
UAE
3.6730
3.6161
3.7308
2.9504
SAUDI
3.7500
3.6919
3.8090
3.0123
reaching pro-market reforms.
The green light for the deal,
designed to stop Athens from
defaulting on its huge debts
and crashing out of the euro,
came hours after Greece’s
parliament voted through the
agreement after a bitter allnight debate.
A third of MPs in Tsipras’
radical-left party Syriza
rebelled against him and he
only managed to win the
vote with opposition help –
prompting fresh expectations
that he will be forced to call
early elections.
But Tsipras insisted the
bailout was in Greece’s best
interests, saying:
“The
agreement will advance Greece
by making its financial system
more stable, starting right
now.”
‘Looked into the abyss’
Syriza swept to power in
January on a wave of public
anger against steep tax rises,
spending cuts and reforms
demanded by Athens’ creditors
– the EU, European Central
Bank and International
Monetary Fund – in exchange
for two previous bailouts.
Critics accuse Tsipras of
caving to blackmail from
the creditors in agreeing
to more painful reforms in
exchange for badly-needed
cash. European Commission
head Jean-Claude Juncker said
Athens had come perilously
close to tumbling out of
the eurozone and into the
unknown, but six months of
fraught negotiations had paid
off.
“Together, we have looked
into the abyss. But today,
I am glad to say that all
sides have respected their
commitments. Greece is living
up to its ambitious reform
commitments,” he said in a
statement after six hours of
gruelling talks in Brussels
Friday.
Greece will receive a first
Alexis Tsipras (File)
instalment of 13 billion euros
next week, helping cover a debt
payment due to the ECB next
Thursday.
Eurozone ministers said the
first main 26-billion tranche
of the bailout will include an
“immediate” payment of 10
billion euros to Greece’s banks,
which are desperately short of
China gold reserves up in July
Beijing
hina’s gold reserves rose
by more than 19 tonnes in
July, the official Xinhua news
agency said yesterday, after the
central bank last month gave
the statistic for the first time in
six years.
Bullion holdings stood at
1,677.30 tonnes at the end of
July, Xinhua said citing the
People’s Bank of China (PBoC),
a 1.16 per cent increase on June’s
1,658 tonnes.
The rise is worth nearly $700
million, according to Friday’s
price of $1,118.25 an ounce on
C
the London Bullion Market. The
PBoC issued gold reserve figures
last month for the first time
since April 2009, revealing a rise
of 57pc over the past six years.
China is the world’s largest
producer of the yellow metal,
but the increase marked a
slowdown in gold accumulation
after holdings jumped 75pc from
2003 to 2009.
China ranks fifth globally
in gold holdings, according to
leading.
The price of gold reached
record highs near $1,800 in
2012 at the height of the United
States’s bond-buying stimulus
programme and the eurozone
debt crisis, before falling
significantly.
But the yellow metal is
considered a safe bet in times
of turmoil and uncertainty, and
it rose last week after China
devalued its yuan currency,
raising concerns over the health
of the world’s second-largest
economy. Beijing said the move
was the result of switching to a
more market-oriented method
of calculating the daily reference
rate which sets the value of the
yuan.
cash after panicked customers
flocked to withdraw their
money.
The deal must still be
approved by parliaments in
several European countries
to go ahead – notably in
Germany, Europe’s effective
paymaster, where lawmakers
are set to vote on Wednesday.
George Soros sells off most
of his Alibaba stocks
San Francisco
American billionaire George
Soros’s fund has sold most
of its stake in the Chinese
e-commerce giant Alibaba,
according to regulatory filings
Friday. In its quarterly statement to the US Securities and
Exchange Commission, Soros
Funds Management said that
as of June 30, it had sold all
but nearly 60,000 Alibaba
shares, valued at $4.88 million.
At the end of March, the fund
still had 4.4 million shares valued at nearly $370 million.
Arab Bank settles US litigation
New York
rab Bank has reached a
settlement with hundreds
of US victims of attacks in Israel
and the Palestinian territories
who filed a lawsuit accusing the
bank of supporting terrorism.
A spokesperson for the bank
confirmed to AFP that an
agreement had been reached,
but provided no details of the
settlement. The amount of the
settlement was not immediately
revealed.
One of the lawyers for the
plaintiffs, Michael Elsner,
confirmed an agreement had
been reached to settle the
litigation. “The framework will
be finalized over the next few
months,” he said.
The
Jordan-based
multinational lender, which is
hugely respected in the Middle
A
Arab Bank at Emaar Square in Dubai
East, was found liable by a US Bank would have to pay to 17
jury last year for financing plaintiffs.
Originally set for Monday, a
terrorism by transferring funds
federal judge on Friday formally
for members of Hamas.
The
s e t t l e m e n t postponed the start of the
announcement comes just days damages trial until May 2016.
The landmark case involved
before the damages portion of
the trial was to begin in a US 300 plaintiffs – victims and
federal court in Brooklyn, where relatives of victims of more
a jury would have determined than 20 Hamas attacks carried
how much compensation the out in Israel, Gaza and the
West Bank between 2001 and
2004. Another 200 American
plaintiffs filed separate suits
against the bank related to
attacks carried out by other
armed groups.
In the liability portion of the
trial, the jury found the bank
liable for 24 Hamas attacks,
although Judge Brian Cogan
later dismissed two of them.
The bank, which has assets
worth $46.4 billion, has bitterly
contested the September 2014
liability verdict and vowed to
appeal in a process that would
likely drag on for years.
It
complained
about
“incorrect and prejudicial
rulings,” and took issue with
a string of court rulings,
instructions to the jury, and
the admission and exclusion of
evidence.
Call by Osama’s son
‘ATTACK THE WEST’
Kabul
son of Osama Bin Laden,
dubbed the Crown Prince
of Terror, has purportedly
called for terrorist attacks on
London, Washington and Paris
in an audio message released
by Al Qaeda.
Hamza bin Laden, believed
to be in his mid-20s, is
purportedly speaking in the
audio recording.
He can be heard urging lone
wolf attacks in the US and the
West, specifically mentioning
Washington, London, Paris
and Tel Aviv.
However, the message made
no mention of IS.
Rita Katz, director of Site,
a terror intelligence group,
tweeted: “Hamza Bin Laden,
son of Usamah bin Laden [sic],
gives strategies in continuing
A
He can be heard
urging lone
wolf attacks in
the US and the
West, specifically
mentioning
Washington,
London, Paris
and Tel Aviv
global jihad in audio message.
“Hamza Bin Laden lived the
life of jihad with his father
throughout AQ’s [al Qaeda]
creation in Afghanistan.
“With Hamza, AQ hopes to
renew the popularity of AQ by
reviving the brand of ‘AQ =
Bin Laden’.
“AQ leadership wants Hamza
as a future leader: someone
loved and inspirational,
without a negative reputation
or participation in infighting.
“Hamza Bin Laden calls to
move the war from Kabul, Gaza
and Baghdad, to Washington,
London, Paris and Tel Aviv.
Urges: ‘This is your duty’.
“Hamza Bin Laden urged
lone wolf attacks in the US and
the West; targeting of Jewish
American interests globally.”
It is believed that the message
was recorded prior to June but
has only just been released.
Since Osama bin Laden’s
death in Pakistan in 2011 at
the hands of US special forces
troops, the terrorist group
has been led by Ayman al
Hazma bin Laden is purported to have urged terror attacks
Zawahiri, who was his righthand man.
It is believed Hamza bin
Loyalists retake another province
Aden
orces loyal to Yemen’s
exiled government retook
a fifth southern province
yesterday, extending recent
gains against Iran-backed
Shia rebels who still control
the capital.
The
forces
backing
exiled President Abedrabbo
Mansour Hadi have been
aided by troops and materiel
from Yemen’s wealthy Gulf
neighbours, as Saudi-led
coalition warplanes pound
rebel positions.
The rebels handed over
Shabwa to government forces
and withdrew after being
promised a safe route out
of the province, a military
official said. Other sources
confirmed the pull-out.
“The province was handed
over” to the Southern
F
Movement, a secessionist
group whose militants have
been fighting in loyalist
ranks, said Salem al Awlaqi,
a political activist in Shabwa.
Officials said the pro-rebel
governor of Shabwa, which
has substantial oil reserves,
had fled as loyalists prepared
to enter the province.
They also accused the
rebels of booby-trapping
government buildings before
fleeing, as they had done in
other provinces.
As the rebels began entering
neighbouring Baida province,
Saudi-led coalition warplanes
hit their convoys, destroying
13 military vehicles and
leaving dead and wounded,
military officials said.
The sources could not
immediately
provide
a
casualty toll.
Laden took part in attacks in
Pakistan and Afghanistan as
early as ten years ago.
Loyalist forces in the south
launched an offensive last
month against the rebels,
forcing them out of main
southern city Aden.
They subsequently retook
Daleh, Lahj and Abyan
provinces. The advance is
heading toward third city
Taez, southwest of Sanaa,
which analysts regard as
the gateway to the capital,
overrun by the rebels in
September.
Tripoli
slamic State group jihadists
have beheaded 12 people and
hung them on crosses during
a battle for the coastal city of
Sirte, the national news agency
LANA reported yesterday.
The fighting for control
of Sirte, hometown of slain
dictator Moamer Kadhafi, has
been raging since Tuesday,
with one top Libyan diplomat
warning of a “massacre” in the
city.
LANA said the 12 people
beheaded were local gunmen
who had been battling IS in the
eastern Sirte district known as
“neighbourhood three”.
The agency also reported
that IS militants executed
22 other Sirte residents who
had taken up arms against
the jihadist group as they lay
wounded in a city hospital.
I
At least 40 migrants dead
in Mediterranean Sea
Rome
ore than 40 migrants
have died in the
Mediterranean yesterday,
the Italian navy said, after
apparently suffocating below
deck on the boat taking them
to Europe.
“Operation underway...
many migrants saved. At least
40 dead,” the navy said on
Twitter, while the Corriere
della Sera newspaper said
those who died were found in
the hold of the vessel.
The boat, which was
intercepted south of the
Italian island of Lampedusa,
was carrying around 300
people, the paper said.
An Italian navy helicopter
spotted the boat, which was
“overcrowded and starting to
sink”, about 21 miles off the
Libyan coast, said a reporter
M
Yemeni pro-government forces backed by a Saudi-led coalition
take position in Loder, in the southern Abyan province
25
IS ‘beheads’
12 in battle
for Libya’s
Sirte: media
with Italy RaiNews television
at the rescue operation
headquarters.
An Italian navy vessel was
sent to its aid at 7 am local
time (0500 GMT) and when
its sailors boarded the vessel
the grim discovery was
made.
Survivors of the hazardous
crossing from Libya often
tell of how traffickers lock
migrants in the hold - mostly
black Africans - who pay less
for the voyage.
Packed inside the confined
space they not only risk
drowning if the rickety boats
capsize, but many also die
after being overcome with
diesel fumes.
The EU said on Friday that
Europe was facing the worst
refugee crisis since World
War II.
Mass evacuation begins amid further blasts
Tianjin
esidents around the site of
giant chemical explosions
in the Chinese port of Tianjin
were evacuated yesterday over
fears of highly poisonous
sodium cyanide, state media
said, as fresh blasts were heard
and the death toll rose to 104.
A day-long fire intensified
at the hazardous goods storage
facility and the series of new
explosions sent a thick black
column of smoke into the
air, the official Xinhua news
agency said.
The decision to relocate
R
anyone
within
three
kilometres (1.9 miles) of the
site came three days after
gigantic explosions sent a
huge fireball soaring into the
sky and left a vast swathe of
destruction.
It also came despite official
assurances that the disaster
had not released dangerous
levels of toxic substances into
the environment.
“Residents in a relocation
site of the blasts have been
evacuated in fear of chemical
pollutants in the air,” Xinhua
said. Armed police were
carrying out the evacuation
after sodium cyanide was
found at the site, the Beijing
News said.
At a barrier on the edge
of the evacuation zone masks
were distributed to emergency
personnel and police turned
back anyone else, as at least 20
fire engines streamed in.
The area itself was already
largely deserted, many of the
buildings within it ruined, and
an acrid smell hung in the air.
Officials said earlier that
specialists from sodium
cyanide producers were being
sent in to the devastated
industrial area where the
blasts occurred.
Reports have said there
could have been as much as
700 tonnes of the substance exposure to which can be fatal
- at the site.
Soldiers trained in antichemical warfare techniques
were also deployed.
Authorities have struggled
to identify the substances
present at the scene, sparking
fears and scepticism among
residents of Tianjin, which has
a population of 15 million.
Fires are burning again at the blast site
26
Modi lashes out
‘CORRUPTION, A TERMITE’
New Delhi
rime Minister Narendra
Modi warned yesterday that
corruption was eating away at
India “like a termite” as he used
an independence day speech
to pledge his commitment to
eradicating graft and poverty.
In an address from Delhi’s
Red Fort, Modi sought to
silence
growing
doubts
about his leadership after key
reforms stalled in a rancorous
parliament session dogged
by allegations of corruption
involving some of his top
lieutenants.
Modi also warned against
the “poison” of communalism
in a wide-ranging speech that
lasted for more than an hour.
But it was his comments
on the dangers posed by
corruption that drew most
attention,
including
his
admission that the problem
went right to the top.
“I want to reaffirm that
this nation will get rid of
corruption. We can rid the
country of corruption, we have
to start from the top,” said
Modi.
“Corruption is like a termite,
it spreads slowly, reaches
everywhere, but it can be
beaten with timely injections.”
Modi’s speech comes after
some of the most senior
figures in his Bharatiya Janata
Party became embroiled in
P
corruption scandals, including
Foreign Minister Sushma
Swaraj and the chief ministers
of Rajasthan and Madhya
Pradesh states.
to the disclosure of around
one billion dollars in hitherto
hidden assets which will now
be liable to tax.
Other economic reforms,
Schoolchildren and bystanders
Day ceremony
The scandals have been
particularly embarrassing as
Modi’s election win last year
was built in part on a pledge
to clean up government after
a series of scams under
the
previous
Congress
administration.
Modi said there had
been no cases of money
being siphoned off on his
watch and that a new law
on declaring income had led
attending the Independence
however have snagged in
parliament, including a
national sales tax that the
government sees as crucial to
firing up growth.
While the economy is
growing at around 7.5 per
cent, it still needs to pick up
pace to elevate the hundreds
of millions of people still
mired in poverty in the
world’s second most populous
nation.
Power for villages
The right-wing premier, who
has been accused of being
too close to big business,
portrayed himself as a
champion of the poor by
promising to help farmers and
lower-caste dalits, formerly
known as untouchables.
Modi set a 1,000-day
deadline for every village in
India to get electricity, urging
state governments which
are responsible for power to
ensure every community is
finally linked to the national
grid.
“Even after so many
decades of independence
there are 18,500 villages in
India which do not have
electricity,” he said.
“I appeal to the states and
all other stakeholders to
connect these villages with
electricity system within
1,000 days.”
Frequently
mopping
his brow on a swelteringly
hot day, Modi said he had
striven to enable 170 million
people to open bank accounts
for the first time under a
government-run scheme.
“The poor are at bottom of
the pyramid of development
and we have to strengthen the
base of the pyramid. If they
are empowered, no one can
stop us,” Modi added.
Mohamed Morsi’s lawyers appeal
against death sentence in Egypt
Cairo
awyers representing the
ousted Egyptian president
Mohamed Morsi have filed
an appeal against his death
sentence and prison term.
Morsi, who was toppled
by the army in July 2013, was
sentenced to death in June
for allegedly participating in
prison breaks and violence
against police, and to life in
prison for espionage.
Morsi was detained without
charge during the initial days
of the 2011 uprising against
the country’s veteran leader
Hosni Mubarak, and escaped
along with thousands of others
after protesters attacked police
stations across the country.
He had faced no legal action
for leaving the prison either
before or during his tenure as
president, which began in June
2012. Morsi has spent the past
two years in jail since being
ousted from power.
“We submitted an appeal
L
Morsi has not
appointed a
lawyer to defend
himself and
has refused
to recognise
the legitimacy
of the court
proceedings,
saying he
remains Egypt’s
legitimate
president
Mohamed Morsi sits in the defendants’ cage during his trial.
to the court of cassation to
all prisoners sentenced,
including
Morsi,”
said
his state-appointed legal
representative Abdel Moneim
Abdel Maqsud.
Morsi has not appointed
a lawyer to defend himself
and has refused to recognise
the legitimacy of the court
proceedings, saying he remains
Egypt’s legitimate president.
Hundreds of Islamists
have been sentenced to death
in a crackdown following
Morsi’s overthrow. Most
have won retrials. Seven have
been executed, including six
defendants sentenced to death
by a military court for allegedly
participating in militant
attacks.
Indian Prime Minister Narendra Modi delivers his Independence
Day speech from The Red Fort in New Delhi
Eighteen killed in
Sao Paulo shootings
Sao Paulo
ighteen people were killed
and seven injured in a
wave of overnight shootings in
Brazil’s biggest city, Sao Paulo,
some of them gunned down in
cold blood as they sat in a bar.
Alexandre de Moraes, head
of the Sao Paulo state security
department, announced the
death tally - originally placed
at 19 – on Friday after media
reports of a deliberate massacre
in the suburbs, possibly by rogue
police.
The murders were shocking
even in a country used to
runaway violence.
“What I can say for sure is that
it’s the biggest killing this year,”
de Moraes said.
Globo News television
broadcast security camera
footage of one attack, showing
a group of masked assailants
entering a bar, ordering clients
to raise their hands in the air,
then shooting them.
Folha de Sao Paulo newspaper
quoted witnesses saying that the
E
The killers stopped
their targets
and questioned
them about their
criminal records,
then executed
them
killers stopped their targets and
questioned them about their
criminal records, then executed
them.
Earlier, a spokesman for the
security forces had described the
wave of killings late Thursday as
“unusual.”
The shootings occurred in
the Osasco and Barueri areas,
reportedly all in a period of
about two and a half hours.
The mayor of Osasco, Jorge
Lapas, said video footage
supports a theory that the killings
could have been reprisals for the
earlier death of a police officer.
27
Kabul
n American aid worker,
who was killed while
being held hostage by IS
militants, was sexually abused
by the group’s leader, US
officials told ABC news.
Kayla Mueller, 26, was
repeatedly raped by Abu Bakr
al Baghdadi.
Her family was informed of
the abuse in June.
“They told us that he
married her, and we all
understand
what
that
means,” her father Carl told
the Associated Press.
Baghdadi personally took
the humanitarian aid worker
to the home of another
senior IS member - Abu
Sayyaf - who was in charge
of IS oil and gas until his
Incredible loss: Kayla’s parents Carl and Marsha Mueller pictured mourning their daughter’s loss
death in a US special forces
at a memorial
operation in May, ABC news
her daughter had acted as a
reports, citing US officials.
“mother figure” to the other
The channel said Baghdadi
Officials said they had obtained
detainees. “Kayla tried to
regularly
visited
the
protect these young girls,”
compound where she was
information about the abuse from
added.
being held and repeatedly
at least two teenage Yazidi girls who sheUmm
Sayyaf was handed
assaulted her.
“Kayla did not marry this
were held hostage as sex slaves and over to the Kurdish
authorities in northern Iraq
man. He took her to his
found inside the Sayyaf compound
last week to face trial.
room and he abused her and
The information that has
she came back crying,” her
at the time of the US attack
come to light appears to
mother Marsha said.
contradict speculation that
Officials said they had
Ms Mueller was treated well
obtained information about
in captivity, as a letter written
the abuse from at least two
in 2014 and smuggled out to
teenage Yazidi girls who
her family implied.
were held hostage as sex
In it, she said she had been
slaves and found inside the
treated with “utmost respect
Sayyaf compound at the time
+ kindness”.
of the US attack.
Ms Mueller was reportedly
held for some time by Sayyaf
and his wife, Umm Sayyaf,
who were also captured by
Mrs Mueller
US Special Forces in May.
said that her
At the time, the Pentagon
daughter
had
said Umm Sayyaf was
suspected of being an
acted as a
IS member and of being
“mother
figure”
complicit in the enslavement
of a young Yazidi woman
to the other
who was rescued in the raid.
detainees.
Hundreds
of
young
“Kayla tried to
women and girls - many of
them Yazidis captured in Abu Bakr al Baghdadi reportedly took Mueller as a “wife”
protect these
northern Iraq - are believed
young girls,” she
to be held as sex slaves by IS intelligence used by the US and their whereabouts, a
militants in areas under their to interrogate Sayyaf’s wife, counterterrorism official
added
control.
who “spilled everything” said.
The Yazidi girls provided about several IS leaders
Mrs Mueller said that
A
Kayla Mueller’s death was announced in February this year
Who is Kayla Mueller?
Kayla Jean Mueller was an American human
rights activist and humanitarian aid worker from
Prescott, Arizona. After graduating, she lived and
worked with humanitarian aid groups in northern
India, Israel and the Palestinian territories.
In 2012 she decided to travel to Turkey-Syria
border to work for the Danish Refugee Council
and Support to Life.
She visited refugee camps and played and
painted with Syrian children. On 4 August 2013,
while leaving a hospital run by MSF (Doctors
without Borders), she was kidnapped by militants
from IS.
In February 2015 they claimed she had been
killed by Jordanian air strike, but the US maintain
she died at the hands of the group.
28
SPORTS
Stoke City-2, Tottenham-2
TOTTENHAM STUNG BY LATE
STOKE CITY FIGHTBACK
London
oth teams claimed their
first point of the Premier
League season, but Stoke City
were comfortably the happier
after fighting back to draw
2-2 at Tottenham Hotspur
yesterday.
Eric Dier put Tottenham
ahead after 19 minutes and
Nacer Chadli added a second
on the cusp of half-time before
substitutions on both sides
turned the game.
Tottenham lost focus after
the departure of Harry Kane
and Stoke were given new
impetus by the introduction of
Joselu and, especially, Stephen
Ireland.
A foul on Joselu by Toby
Alderweireld gave Stoke a way
back into the game, Marko
Arnautovic converting the
penalty, and it was Ireland’s
cross that Mame Biram Diouf
headed home to level the
scores.
B
Tottenham Hotspur’s Nacer Chadli (left) vies with Stoke City’s Marc Muniesa
Spurs had the first shot at at his near post after taking full-length
again
two
White Hart Lane this term, advantage of an error in the minutes later to push away
Christian Eriksen drawing Stoke defence.
a free-kick from the same
a save from Jack Butland
And Butland went down player after Glenn Whelan
had impeded Dier 22 yards
out. Stoke’s first chance was
a gift from returning Spurs
goalkeeper Hugo Lloris,
who miskicked an attempted
pass out of his penalty area
straight to Diouf.
The Senegal forward
attempted to return it
with interest, but his hard,
low shot was blocked by a
combination of Ryan Mason
and the goalkeeper.
Mason had a fierce goalbound shot headed away
by Marc Muniesa after 18
minutes following a lapse by
Arnautovic, who had failed to
follow Kyle Walker’s run.
But it only delayed the
entry of the ball into Stoke’s
net as Eriksen’s corner from
the left was glanced in at the
near post by the head of Dier.
The visitors needed to
reply, but they were getting
very little from some of their
big names.
Lloris reflex save
Ibrahim Afellay was
invisible
in
midfield,
while Arnautovic looked
uninterested unless the ball
was at his feet.
They were lucky not to
fall further behind after 36
minutes when a long pass
from Eriksen set Chadli away,
but his touch was heavy and
he ran the ball harmlessly into
the arms of Butland.
Spurs could not afford to
think the match was already
won, though, as Arnautovic
reminded
them
three
minutes before the interval
when he exchanged passes
with Marco van Ginkel and
sent a low, left-foot shot
across goal.
Two minutes later, Lloris
pulled off an astonishing reflex
save to repel Diouf’s closerange header from Jonathan
Walters’ nodded pass.
Bordeaux strike deny Saint-Etienne Federer, Sharapova
Saint-Etienne’s Romain Hamouma (centre) vies with Bordeaux’s
Cedric Yambere (left) and Frederic Guilbert (right)
Paris
the Stade Geoffroy-Guichard
stoppage-time free-kick in the early Ligue 1 game on
by stand-in captain Henri Saturday.
Saivet gave Bordeaux a 1-1
Beaten 2-1 at Toulouse in
draw with Saint-Etienne at their opening league match last
A
weekend, Saint-Etienne looked
set for all three points when
Fabien Lemoine set up Romain
Hamouma for a low finish
across stand-in Bordeaux
goalkeeper Jerome Prior and in
on 58 minutes.
However, they had taken
the lead in Toulouse before
conceding twice from direct
free-kicks and it was a dead
ball that did for Les Verts again
this time.
The match was in stoppage
time when the visitors won a
free-kick in a central position
20 yards out, and the wall
opened up to let Senegal
international Saivet’s low shot
through to ensure a share of
the points.
Later on Saturday, last
season’s runners-up Lyon go
to Guingamp with Mathieu
Valbuena set to make his debut
after the France international
playmaker
signed
from
Dynamo Moscow in midweek.
The pick of the other matches
sees promoted Angers, top
of the table after the opening
weekend, entertain derby rivals
Nantes.
On Sunday, Marseille go
to Reims in their first game
since the shock resignation
of coach Marcelo Bielsa,
while champions Paris SaintGermain are at home to newlypromoted Corsican minnows
Gazelec Ajaccio.
On Friday, Monaco warmed
up for their Champions
League play-off first leg against
Valencia by drawing 0-0 at
home to Lille.
Schumacher Jr impresses on Nuerburgring
M
Berlin
ick Schumacher, the
16-year-old son of seventime Formula One champion
Michael Schumacher, finished
ninth, then sixth on his
debut at Germany’s famous
Nuerburgring circuit in
the Formula Four series on
Saturday.
Watched by his mother
Corinna
and
sister
Gina, while his uncle
Mick Schumacher
Ralf
Schumacher,
an
ex-Formula One driver, was
a commentator for German
television, Mick put in a
good performance in the
day’s two races.
Both of the day’s races
were won by 18-year-old
winner Marvin Dienst,
who has taken the overall
lead in the Formula Four
drivers’ championships after
14 of the season’s 24 races.
Because of Formula Four’s
reversed-grid regulation,
Schumacher Junior, who
drives for the Dutch team
Van Amersfoort Racing,
will start the third race on
Sunday from the front row.
He has a good chance to
claim another Formula Four
win to add to his debut victory
at Oschersleben, Germany,
at the start of the season in
April.
return to court
Roger Federer
Cincinnati
oger Federer and Maria
Sharapova returned to
competitive tennis after long
post-Wimbledon pause to add
extra world-class star power
into the mix at next week’s
ATP and WTA Cincinnati
Masters.
World number two Federer,
the defending champion,
arrived early in the Midwest
flatlands to get his eye in after
not playing since losing the
Wimbledon final five weeks
ago to Novak Djokovic.
The Swiss took a break
that included touring charity
projects for African children
funded by his personal
foundation, then decided
to skip this week’s Montreal
R
Masters to better prepare for
the US Open starting in just
over a fortnight.
Now, the champion who
claimed the first of his six titles
here in 2005, is bearing down
in training to be ready for the
final Grand Slam of the season
in New York, with the week in
Cincinnati his only competitive
tune-up.
The top eight seeds in both
fields get first-round byes.
Absent from the scene is 2014
finalist David Ferrer of Spain
due to a long running shoulder
injury.
Federer, who turned 34
last weekend, will start with
either Pablo Cuevas or Roberto
Bautista Agut in the second
round.
SPORTS
29
SAINA REACHES MAIDEN FINAL
New Delhi
ce India shuttler Saina
Nehwal defeated local
favourite Lindaweni Fanetri
in 21-17, 21-17 in the lastfour to reach her maiden
final of the Badminton World
Championships in Jakarta
yesterday.
With her triumph yesterday,
the Olympics bronze medallist
became the first Indian ever to
make it to the final of the world
championships.
It turned out to be a tight
match as Saina and Lindaweni,
who was playing with a
strapping on her right knee,
A
engaged in long rallies and gave
each other a tough fight at the
Gelora Bung Karno Stadium.
Lindaweni opened up a 6-2
lead early on in the first game
as Saina tried to get a hang of
the drift in the stadium. The
Indonesian had to take some
tips from the team doctor after
feeling some pain in her knee
at 7-6. The Indonesian looked
restricted in her movement as
Saina clawed back at 9-9 and
grabbed the lead next when
Lindaweni hit wide. A service
fault helped Lindaweni to level
score at 10-10 but Saina went
into the break with a 11-10 lead
Saina Nehwal
after winning a long rally. After
the interval, Saina increased
the gap to 15-12 but the Indian
committed a few unforced
errors to allow Lindaweni draw
parity at 15-15. A net fault and
a wide shot by the Indonesian
gave Saina a 18-16 lead.
Egged on by a vociferous
crowd, the home girl kept
fighting but a ferocious return
took Saina to 19-17 lead.
Lindaweni next found the net
again as Saina gained three
game points and the Indian
pocketed it after her rival again
hit wide.
Lindaweni struggled with her
knee but she never gave up and
matched Saina for strokes and
went into the lead at 4-3. The
Indonesian tried to vary the pace
Sri Lanka win by 63 runs
HERATH SPINS TO WIN
Rangana Herath
Galle
eteran left-arm spinner
Rangana
Herath
grabbed seven wickets as Sri
Lanka stunned India by 63
runs in a thrilling first Test
in Galle on Saturday.
V
The tourists, set a victory
target of 176 runs, were
skittled for 112 in their
second innings after lunch
on the fourth day to give Sri
Lanka the lead in the threematch series.
Ajinkya Rahane topscored with 36, but only
three other batsmen reached
double figures as India
folded up in just 49.5 overs.
In
a
remarkable
turnaround, Sri Lanka won
after being reduced to 95-5
in their second innings
before lunch on the third
day, still 98 runs away from
avoiding an innings defeat.
Dinesh
Chandimal
smashed a brilliant 162 off
169 balls, sharing valuable
partnerships with Lahiru
Thirimanne (44) and Jehan
Mubarak (49) to lift the
hosts to 367.
India’s
hopes
of
and came up with acute angled
shots to trouble Saina. Every time
Saina took a lead, Lindaweni
clawed back and turned the
tables. The duo moved neck and
neck from 6-6 to 10-10 before
Saina moved into the break with
a slender 11-10 lead.
After the breather, Saina
opened up a 14-11 lead. But
the Indian again committed
a few unforced errors which
helped Lindaweni to level par
at 14-14. Saina once again
surged ahead to 17-14 but
Lindaweni showed steels of
nerves to narrow it down to
16-17 and 17-18. (ToI)
Lorenzo
grabs pole
‘Speechless’
Kumar Sangakkara gestures after victory
celebrating Independence wickets to finish with
Day in style vanished in a seven for 48 in 21 overs,
dramatic morning session his 22nd five-wicket haul in
in which six wickets fell 61 Tests. Young off-spinner
after the tourists started the Tharindu Kaushal backed
his senior partner by taking
day at 23-1.
The 37-year-old Herath the other three wickets for
picked up four of those 47 runs.
Sri
Lankan
captain
Angelo Mathews said he was
“speechless” at clinching
victory after his team was down
in the dumps on the third
morning.
“What a turnaround this has
been, I am quite speechless,”
he said. “It was a great effort
to come back from where we
were.
“Chandimal was outstanding
and he single-handedly got us
to a fighting score. The wicket
was pretty demanding and we
knew it won’t be an easy target
to chase.
“Rangana is, of course, a
quality bowler and we were
really not surprised how well
he bowled. He may be 37 but
he keeps coming up with such
match-winning spells.
“We are a team in transition,
so this win is a real moralebooster,” he added.
Brno
panish Yamaha rider
Jorge Lorenzo took pole
for today’s Czech Republic
MotoGP in Brno after setting
a new lap record in yesterday’s
qualifying session.
Reigning champion Marc
Marquez, on a Honda, and
championship leader Valentino
Rossi, Lorenzo’s Yamaha
teammate, will complete the front
row. The 28-year-old Lorenzo,
the 2010 and 2012 champion,
clocked 1min 54.989sec on the
5.4-kilometre (3.36-mile) circuit
in the southern Czech city,
wiping off his own record from
Saturday morning’s practice.
Fellow Spaniard Marquez,
the 2013 and 2014 champion,
stayed just 0.074 seconds
behind Lorenzo while Italian
star Rossi trailed by 0.364sec on
a hot and dry afternoon.
S
Aussie Jones takes two-shot lead Halep beats Errani to reach final
Kohler
ustralia’s Matt Jones
completed a bogeyfree seven-under-par 65 on
Saturday to take a two-stroke
lead on 11-under 133 as the
second round concluded at the
97th PGA Championship.
Jones and fellow Aussie
Jason Day were tied at
nine under when a fierce
thunderstorm packing high
winds forced the suspension
of play on Friday with 57
players still on the course.
When play resumed, Day
was the first man to reach
10 under with a birdie at
the 16th.
But he bogeyed the parfour 18th at Whistling Straits
A
Matt Jones
to post a five-under 67 that
gave him sole possession of
second place on nine-under
135. Jones, who teed off on
10 on Friday, moved to 10
under with a birdie at the
sixth, and padded his lead
with a 50-foot birdie bomb
at the eighth.
“For me, it’s amazing to
be in the lead at a major,”
said the 35-year-old, playing
in his eighth grand slam
tournament. “I’ve been in
the lead on a tour event, but
a major’s a different story.”
Jones said putting was the
key to his round.
“My speed on the greens has
been really good, which is huge
for me when I putt,” said Jones,
who was to tee off in the final
group of the third round with
Day at 3:06 p.m. (20:06 GMT).
Toronto
omanian second seed
Simona Halep advanced to
the final of the WTA Rogers
Cup yesterday by defeating
Italy’s Sara Errani 6-4, 6-4.
Halep will play for her 12th
career title and fourth of the
year in Sunday’s championship
match against the winner of a
later semi-final between Swiss
teen Belinda Bencic and world
number one Serena Williams.
Halep fell behind 0-2 then
roared back to win the next four
games, breaking twice to seize
the lead and holding at love
for a 4-2 edge. She held twice
more to claim the first set in 43
minutes, taking advantage of
19 unforced errors by Errani.
R
In the second set, Halep
opened by breaking Errani,
who then broke back only to
have Halep break yet again as
control teetered.
Errani broke back again
in the eighth game, Halep
slamming her racket on the
concrete in frustration after
falling level at 4-4.
But then Halep forced a
break, retaking the lead by
winning the ninth game when
Errani hit a forehand beyond
the baseline, and the Romanian
held serve for the victory, the
last point coming when Errani
swatted a backhand long.
“I didn’t play my best tennis
but I played well enough to win
the match,” Halep said.
Simona Halep
30
SPORTS
FOXES MARCH ON,
SWANSEA WIN
Premier League
London
eicester City brought West
Ham United crashing to
earth and returned to the top
of the fledgling Premier League
standings with a 2-1 victory at
Upton Park yesterday.
West Ham opened their
L
campaign by winning 2-0 at
Arsenal, but they were 2-0
down by half-time as Japan
striker Shinji Okazaki headed
in his first goal in English
football and Riyad Mahrez
scored his third goal in two
games.
New signing Dimitri Payet
replied for West Ham with a
powerful strike, but it was not
enough to prevent Claudio
Ranieri’s Foxes reclaiming
first place on goal difference
from Manchester United.
West Ham’s misery was
compounded in stoppage time
when their Spanish goalkeeper
Adrian was sent off for a high
foot after going up to contest
a corner.
Swansea City also built
on an impressive opening
performance, following up
Swansea City’s Andre Ayew (centre) celebrates with Jefferson
Montero
Leicester City-2, West Ham United -1
Swansea City-2, Newcastle United-0
Leicester City’s Shinji Okazaki (left) runs for the ball with West Ham United’s Angelo Ogbonna
their battling 2-2 draw at
champions Chelsea with a
2-0 win at home to Newcastle
United that left Garry Monk’s
side in fourth place.
Bafetimbi Gomis rounded
Tim Krul to put Swansea
ahead in the ninth minute and
Newcastle’s afternoon took
a further turn for the worse
shortly before half-time when
Daryl Janmaat was sent off for
two bookable offences.
After Jefferson Montero
and Gylfi Sigurdsson had both
made the woodwork shudder,
Andre Ayew made the game
safe by polishing off a cross
from the elusive Montero to
register his second goal in two
games.
A late Stoke City fightback
prevented
Tottenham
Hotspur claiming a first win
of the season in a 2-2 draw at
White Hart Lane.
Beaten 1-0 by Manchester
United on the opening day,
Spurs, who welcomed back
goalkeeper and captain
Hugo Lloris, went 2-0 up
through an Eric Dier header
and a deflected Nacer Chadli
volley.
All Blacks crush Wallabies to retain Bledisloe Cup
Auckland
he All Blacks’ frustration
at last week’s loss to the
Wallabies in Sydney spilled
over in the return match in
Auckland yesterday where they
thrashed the Australians 41-13.
It was a telling statement in
their last match before heading
to England to defend the
World Cup.
The New Zealanders’ pride
was wounded when they lost
the Rugby Championship
decider 27-19 a week ago,
T
New Zealand-41
Australia-13
and they were determined to
make amends and retain the
Bledisloe Cup for the 13th
consecutive year.
The world champions led
13-6 at half-time and then
stunned the Wallabies with three
tries in a seven-minute burst at
the start of the second spell,
which began with a penalty try
following a head-high tackle by
Quade Cooper.
From a sloppy performance
last week, where Australia
commanded the breakdown, the
All Blackstook control up front
which produced a flow of frontfoot ball allowing Dan Carter to
dictate terms.
“They came out and put us
under a bit of pressure territory
wise and possession wise and
we stuck together and got
turnovers when we needed to
get them and slowly put our
impression on the game,” coach
(Left-Right): Conrad Smith, Dan Carter, Ma’a Nonu, Keven Mealamu, Richie McCaw and Tony
Woodcock pose with the Bledisloe Cup
Steve Hansen said. “It’s a lot going forward. It’s probably the But Hansen said it had taken a
easier to play rugby if you’re key principle about the game.” loss to fire up the All Blacks this
time, and they could not afford
to rely on that at the World
Cup, where there will be no
second chance.
“There was plenty of edge
there and so we’ve got to be
able to capture that and do it
when we’re winning as well,”
he said.
Wallabies coach Michael
Cheika felt his side was in
with a chance in the first
half, but in “that little period
after halftime we made some
poor decisions”.
The All Blacks scored
five tries with Dane Coles,
Ma’a Nonu (twice) and
Conrad Smith crossing the
line along with the penalty
try, while Carter was on
song with his boot landing
all five conversions and two
penalties.
SPORTS
Height: 6’5”
Weight: 260 pounds
It’s maybe fitting that the number
one fittest man on this list is as
much a movie star as he is a
WWE star. Johnson has to look
good on the screen and in the
ring — cut like a bodybuilder
while holding his own against
other Superstars, with the
right bulk and agility. This
is why, if his Twitter or
Instagram
accounts
are any indication, he
basically lives in the
gym
Height: 6’1”
Weight: 217 pounds
A few years ago, Rollins discovered CrossFit and
has never looked back. “CrossFit takes all the
elements of fitness that I want to focus on and
mashes them into an intense workout,”
Rollins said. “That helps me stay on
track and have fun at the gym too,
which is a big part of wanting to go
in there and putting in the work,”
he added
Height: 6’3”
Weight: 286 pounds
Lesnar grew up in a small
community
in
South
Dakota without a gym
anywhere nearby. But
he did have a farm with
natural resources, so he
got stronger doing things
like running down a
road carrying a 180pound log. Now that
he has access to a more
conventional workout
space, he’s changed
his
routine
while
maintaining the same
functional principles
Height: 6’5”
Weight: 232 pounds
In what is possibly the best
example of do-it-yourself
strength training, Cesaro would
carry a sheep around as a kid
in Switzerland. His current
routine includes supersets
without much rest between. “If
fun for you is going to the gym
and doing some bench press and
squats, do that,” Cesaro said
31
SPORTS
P31 WRESTLEMANIA OF
FITNESS
32
24
London
omelu Lukaku scored
two first-half goals and
Ross Barkley added another
as Everton claimed their first
victory of the Premier League
season by winning 3-0 at
Southampton yesterday.
Belgium striker Lukaku
headed home Arouna Kone’s
22nd-minute cross and swept
in from Barkley’s astute pass
on the stroke of half-time
before the England midfielder
neatly curled in a third goal six
minutes from time.
Victory, Everton’s first
at St Mary’s since 2002,
provisionally
elevated
Roberto Martinez’s team to
second place in the fledgling
standings, two points below
Manchester United, who
won 1-0 at Aston Villa on
Friday.
“We’ve found it tough to
come here in recent years, but
I thought the performance
today was outstanding in
R
Lukaku strikes
Romelu Lukaku
EVERTON’S
FIRST WIN
every department,” said
Martinez. “We scored three
very good goals and could
have had more.”
An impressive seventh
last season in manager
Ronald Koeman’s first
campaign,
Southampton
are without a win after two
matches, having drawn 2-2
at Newcastle United in their
opening fixture.
West Ham United will look
to build on last weekend’s
surprising 2-0 win at Arsenal
when they host Leicester
City later on Saturday, while
Swansea City, who drew
2-2 at champions Chelsea,
entertain Newcastle.
Manchester City host
Chelsea in an early clash of
title contenders on Sunday,
when the visitors will hope
to move on from the furore
sparked by manager Jose
Mourinho’s demotion of
medics Eva Carneiro and
Jon Fearn. (AFP)
Unlimited YouTube with
amazing Home Broadband
For BD3 only
For the first time in Bahrain, enjoy unlimited downloads on
the fastest home broadband connection in the Kingdom.
• Unlimited YouTube 24/7
• Unlimited Browsing 24/7
• Unlimited Downloading every weekend
Subscribe now for BD3/month only at Batelco shops
or call 196.
Terms & Conditions apply.
Hon.Chairman Najeb Yacob Alhamer | Responsible Editor Mahmood AI Mahmood | Managing Editor Soman Baby | Managing Director P. Unnikrishnan | Adviser Med Jones
Advt : Strategic Publicity & Advertising Co.W.L.L | Tel: 17270710, Fax17256470, Email: [email protected] | Newsroom: Tel: 17579911, Fax17250150, Email: [email protected]
Printed and published by Al Ayam Publishing | Subscription & circulation: Tel: 38444698/17579877/Fax17250150, Email:[email protected] | Website: www.dt.bh

Say goodbye to meat subsidy effective Sept 1

Transcription

Similar documents

Bilady Al Bahrain - National Day

Naqsh Short Films

Pg36-37 Listings.qxd:GW Master

Al Areen Newsletter March

dcksa.com.sa - HQ Constructions

BIO Brochure - Bahrain International Investment Park

JEDDAH HILTON - American Express

FAYROOZ ESHQ

GHC Talk NL - Gulf Holding Company

GONGOs - Bahrain Center for Human Rights