Daily Archives: January 2, 2017

Man United beats 10-man West Ham for 6th successive win

LONDON, Rabi’II 4, 1438, Jan 2, 2017, SPA — Manchester United benefited from a controversial red card and an equally debatable goal to beat 10-man West Ham 2-0 in the English Premier League on Monday, earning a sixth successive victory, AP reported.
Substitute Juan Mata gave United the lead before Zlatan Ibrahimovic secured victory from what clearly appeared to be an offside position, after referee Mike Dean had controversially dismissed Sofiane Feghouli in the opening stages.
Despite its man-advantage, United struggle to break down the home side for long spells and required a number of strong saves from goalkeeper David de Gea to keep West Ham out.
Feghouli, making his first Premier League start for West Ham, was sent off after just 15 minutes for a lunging challenge on Phil Jones, which replays showed to have been a harsh decision.
Manuel Lanzini brought two strong saves from the United keeper before the break, while Michail Antonio was denied by the Spaniard when through one-on-one on the hour mark.
But West Ham was made to pay just three minutes later with Mourinho’s alterations proving crucial as Marcus Rashford beat two defenders before setting up fellow substitute, Mata, to finish from close range.
United wrapped up the victory when Ibrahimovic reacted first as the ball bounced off Ander Herrera to fire low and hard past Randolph from just inside the box, with replays showing the striker had been marginally offside.
United had failed to make inroads until the 35th, when West Ham goalkeeper Darren Randolph produced one of the saves of the season, before Jesse Lingard produced an equally spectacular miss.
Antonio Valencia was set up at the back post after good work from Ibrahmovic and Henrikh Mkhitaryan, but was foiled by the sprawling Randolph, who prevented the ball from crossing his line by the narrowest of margins.
The rebound fell to Lingard with the goal at his mercy, but he could only direct his effort onto the post from two yards (meters) out, with West Ham somehow escaping as the ball bounced into Randolph’s hands.
United remains sixth in the table, but has now moved within five points of second-place Liverpool, which was held to a 2-2 draw at Sunderland earlier on Monday.
— SPA
23:24 LOCAL TIME 20:24 GMT

Ministry of Environment, Water and Agriculture Bans Import of Live Birds, Hatching Eggs and Chicks from Serbia

Ministry of Environment, Water and Agriculture Bans Import of Live Birds, Hatching Eggs and Chicks from Serbia

الاثنين 1438/4/4 هـ الموافق 2017/01/02 م واس

Riyadh, Rabi’II 4, 1438, Jan 2, 2017, SPA — The Ministry of Environment, Water and Agriculture has issued a temporary ban on the import of live birds, hatching eggs and chicks from the Republic of Serbia following receiving a warning bulletin from the World Health Organization on an outbreak of an infectious strain of the bird flu in Serbia.
Various animal quarantines, health authorities and relevant government agencies were instructed to take the necessary action.
–SPA
13:27 LOCAL TIME 10:27 GMT

Kuwait Trade Surplus at KD 1.4 Billion in 3Q16

Kuwait, Kuwait’s trade surplus widened slightly for the second consecutive quarter in 3Q16 at KD 1.4 billion, thanks to a continued recovery in oil prices, Kuwait National Bank (NBK) said in a report Monday.

The report expect the surplus to continue to improve as oil earnings continue to edge higher against a backdrop of recovering oil prices, according to Kuwait News Agency.

The average oil price continued to trend upwards in 4Q16, and is set to continue to do so in the months ahead, especially following the announced production cuts by OPEC and non-OPEC producers.

The Kuwait export crude (KEC) price rose by 2% quarter-on-quarter (q/q) in 3Q16, pushing oil export revenues slightly higher to KD 3.3 billion, it pointed out.

Oil revenues are poised to move higher still in the near to medium-term, amid a sustained recovery in oil prices. KEC was up 7% q/q in 4Q16 to-date and is projected to climb higher on the back of planned oil production cuts at the start of next year. Oil export earnings were still down by 9% year-on-year (y/y).

Non-oil export earnings continued to trek higher on a quarterly basis, but were still down 12% y/y. Non-oil export revenues rose by 2% q/q in 3Q16, albeit at a slower pace compared to the previous quarter, after ethylene prices rose by a mere 1% q/q. Growth in non-oil export receipts are set to continue to rise on the quarter in 4Q16 but at a slower pace, as ethylene prices rose more slowly.

Imports contracted for the second straight quarter by 1% y/y in 3Q16, as growth in industrial supply imports slowed and consumer goods imports shrank from a year ago (Chart 3). Growth in industrial supply imports slowed from 15.6% y/y in 2Q16 to 5.7% in 3Q16, while consumer goods declined by 8.8% y/y. Passenger motor cars and food & beverages, which account for 40% of consumer imports, were down 12-15% y/y; declines are due to softer consumer demand as well as lower prices and a stronger dinar.

Capital goods imports remained robust which perhaps continues to be indicative of the government’s improved implementation of its development projects. Growth in capital goods imports, a good gauge of domestic investment, rose by an impressive 20% y/y in 3Q16.

Source: Qatar News Agency

English Scientists Research New Diabetes Medication

London, English scientists started developing a project to achieve a revolutionary diabetes medication which may substitute insulin injections.

According to the BBC, the team have used some very clever chemistry to create a gel that only dissolves in the presence of glucose. The idea is to load up the gel with insulin, then as the glucose levels rise in someone with diabetes, the gel dissolves and the insulin is released into their system.

Once the project is complete, it would be an alternative to the current methods where a diabetic has to carry out blood tests, work out the right dose of insulin and then inject it. With the gel, the chemistry does all this automatically.

Source: Qatar News Agency

Chinese Yuan Weakens to 6.9462 Against USD Tuesday

Beijing, The Chinese currency yuan, weakened 3 basis points to 6.9462 against the US dollar Tuesday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, according to Xinhua.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Source: Qatar News Agency

Chinese Yuan Weakens to 6.9462 Against USD Tuesday

Beijing, The Chinese currency yuan, weakened 3 basis points to 6.9462 against the US dollar Tuesday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, according to Xinhua.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Source: Qatar News Agency

Qatar Financial Information Unit Holds Meeting on Charitable Activities

Doha, Qatar Financial Information Unit (QFIU) held a meeting on “AML/CFT (International Standards and Qatari Experience) its headquarters in the National Financial Crime Centre, in cooperation with the Regulatory Authority for charitable Activities and in participation with the National Anti-Money Laundering and Terrorism Financing Committee (NAMLC).

QFIU said today that the meeting is one of series meetings held between AML/CFT national authorities and representatives of the private sector to raise awareness and consolidate mutual cooperation, tackled the recent developments related to non-profit organizations, the associated international obligations, and the major risks that are currently faced by Charities, particularly with regard to combating terrorism financing and to the roles that charities should foster to counter these risks.

Head of QFIU HE Sheikh Ahmed Bin Eid Al-Thani inaugurated the meeting by welcoming the participants and praising their continuous support to QFIU and to its pivotal role in combating money laundering and terrorism financing, and stressed on the importance of the partnership between the QFIU and the charities, knowing their significant role in supporting charitable and humanitarian activities in the State of Qatar and worldwide.

Besides, the representative of the National Anti-Money Laundering and Terrorism Financing Committee (NAMLC) highlighted NAMLC’s role in developing relevant national strategies, its powers and its organizational structure, in addition to the important issues that NAMLC is currently implementing in coordination with all national partners, and stressed the significant role of charities, being one of the main pillars in the fight against money laundering and terrorism financing system.

On the other hand, representatives of QFIU actively participated in the meeting by delivering presentations and worksheets on the international standards, with a particular focus on the recommendations related to organizing the work of non-profit organizations, defining the proper ways to foster cooperation between the charities and the QFIU, and the general legal framework governing the work in this sector.

The representative of “RACA” underlined the convenient time to hold this meeting, especially with the many current challenges to be overcome, and emphasized the importance of joining efforts between the public and private sectors and the active role of the Qatari charities in supporting humanitarian activities and commended the continued cooperation among the RACA , the charities and the QFIU in fighting the phenomenon of terrorism financing.

Furthermore, the representatives of Charities expressed their appreciation to QFIU and to RACA for holding this meeting, and affirmed the importance of constantly holding such bilateral meetings that will help in dealing closely with the challenges faced by charities and identifying best practices to overcome them.

Source: Qatar News Agency