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Dubai Metaverse Assembly: live updates from Museum of the Future

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The Dubai Metaverse Assembly will have technology experts and people from the metaverse community as well as major companies convene to discuss opportunities and ways that its potential can be unlocked. Dubai has already announced its metaverse strategy, which aims to create 40,000 jobs and add $4 billion to the emirate's economy. This is the first event of its kind since the announcement in July. Read More : https://www.thenationalnews.com/business/technology/2022/09/28/dubai-metaverse-assembly-live-updates-from-museum-of-the-future/

‘Are things normal in Israel?’ Qatar’s amir addresses normalisation in first media interview in years

“We do not limit ourselves in the choice of our interlocutors, as long as they believe in peaceful coexistence. But we are not willing to talk to those who oppose it.” Commenting on Qatar and Iran’s ties, Sheikh Tamim said the Islamic Republic remains an important country that shares a “historical relationship” with Doha, as well as a shared gas field. In the interview, the amir renewed the importance of the Gulf Cooperation Council (GCC) holding dialogue with Tehran to settle their differences. “We encourage all GCC member states and Iran to talk to each other,” the Sheikh Tamim added.

Knowledge Tower Trading to proceed with IPO for 20% stake on Nomu

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Knowledge Tower Trading Co. will conduct an initial public offering of its 350,000 ordinary shares on the Nomu-Parallel Market according to the company’s plans, revealed by its financial advisor Watheeq Capital. This represents around 20 percent of Knowledge Tower’s SR18 million ($5 million) share capital, which is divided into 1.75 million shares, as it was stated in a filing with the Stock Exchange. The end price of the offering is expected to be determined once the book-building process for the offering has been completed. The offering period will run from Oct. 30 through Nov. 3 for qualified investors, according to the statement. As of Sept. 12, the Capital Market Authority has approved the company’s application to list on the parallel market Nomu. This came after it secured the approval of the listing by the Saudi Exchange on July 24. Watheeq Capital has been appointed as Knowledge Tower’s Financial Advisor, while Derayah Financial has been appointed as Knowledge Tower’s Lead Mana...

Migrant labourers in Qatar lose jobs weeks before World Cup

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Migrant labourers in Qatar lose jobs weeks before World Cup The workers affected include some who work on Stadium 974 and Lusail Stadium Nepali construction workers have been made redundant ahead of the World Cup without proper notice, complete wages, or end-of-service benefits, a new investigation by migrant-rights.org has found. The workers affected include some who work on Stadium 974 and Lusail Stadium, which will both host World Cup matches, as well as a number of other projects connected to the tournament, which begins in just two months. The Lusail Stadium is the venue for the World Cup final. NGOs and human rights activists had feared workers could be sent home ahead of Qatar 2022, after a government circular reportedly directed companies to reduce workforces and finalise projects before the tournament. The circumstances affect workers all the more since many took out punishing loans to go and work in Qatar in the first place, only to be sent home without sufficient notice or ...

Elon Musk makes court appeal to end the need for a ‘Twitter sitter’

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Elon Musk asked a federal appeals court to throw out the deal he made with the US Securities and Exchange Commission in 2018 requiring a Tesla lawyer to screen all his company-related tweets, calling it an illegal effort to muzzle him. Mr Musk, Tesla’s chief executive, has claimed without success that the SEC is harassing him and that the agreement violates his free-speech rights. US district judge Lewis Liman in April refused to release him from the deal and end the requirement for a “Twitter sitter”. Mr Liman said Mr Musk was “simply bemoaning that he felt like he had to agree to it at the time” and now “wishes that he had not". “The pre-approval provision is a classic prior restraint that the Constitution forbids: a government-imposed muzzle on Mr Musk’s speech before it is made,” Mr Musk’s lawyers said in papers asking the 2nd US Circuit Court of Appeals in Manhattan to invalidate the agreement, or at least remove the screening requirement. “The effect of the provision is to i...

Sanamacha Chanu, weightlifter from the tiny state of Manipur makes her presence felt with power-packed medal-winning performances

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Women weightlifters from Manipur don’t just make up the numbers in India’s weightlifting squad, they make their presence felt with power-packed medal-winning performances. Sanamacha Chanu  is one among them – A strong pillar behind Manipur’s weightlifting heritage. Manipur has a formidable legacy is weightlifting. Lifters, especially women, from this tiny state make their presence felt in the international arena with power-packed performances. Sanamacha Chanu  is a name synonymous with the legacy of Manipur. She is one of the most successful weightlifters of the country and has made India proud in many international competitions. She has been bestowed with the Arjuna Award in 2000 for her contributions in weightlifting to the country. sanamacha chanu In 2002, Sanamacha Chanu scooped up three gold medals in the women’s 53-kg at the Manchester Commonwealth Games, on par with the exploits of Kunjarani in that edition medal-wise. Sanamacha Thingbaijam Chanu also competed in t...

Trump rails against Jan. 6 committee during Arizona rally

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Former President Trump attacked the work of the House select committee investigating the Jan. 6, 2021, insurrection at a rally supporting several candidates in Arizona on Friday.  Trump held a rally in Prescott Valley to support his endorsed candidate for governor, Kari Lake, and his endorsed candidate for Senate, Blake Masters. During his speech, he said he was watching the committee’s most recent hearing on Thursday, which focused on Trump’s actions as the riot took place at the Capitol building, and called it a “hoax.”  Trump also denied testimony that Cassidy Hutchinson, a former top aide to Trump White House chief of staff Mark Meadows, gave to the committee last month.  Hutchinson said Tony Ornato, Trump’s deputy chief of staff at the time, told her about an incident in the presidential vehicle on Jan. 6 in which Trump became heated when he was told he could not go to the Capitol following his speech at the Ellipse that day. She said Ornato told her that Trump attem...

Ronaldo in limbo as Europe’s elite turn their backs on Man Utd star

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Cristiano Ronaldo faces an uncertain future after the Manchester United striker’s attempt to force his way out of Old Trafford failed to spark the expected rush for his signature. The Portugal superstar shocked United earlier this month with his bombshell exit request after the team’s failure to qualify for the Champions League. Ronaldo would have anticipated a host of top clubs jostling to sign him. But for the first time in his glittering career he is no longer a must-have item for Europe’s wealthy elite as Chelsea, Bayern Munich, Barcelona and Paris Saint-Germain all appear to have turned their backs on the forward. Concerns over Ronaldo’s declining work-rate and his notoriously demanding personality have left the 37-year-old in limbo. Chelsea co-owner Todd Boehly was reported to have spoken to Ronaldo’s agent Jorge Mendes about a deal to mark the new era at Stamford Bridge. But Blues boss Thomas Tuchel is believed to have concerns about trying to integrate Ronaldo into his plans fo...

Apple iPhone users to get 12 spam message filters with iOS 16 in India

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The new feature in Apple 's iOS 16 will make it simple for iPhone users to distinguish between spam messages and helpful ones. According to Mashable, the technological behemoth improved the SMS filters by adding 12 additional filters for spam communications. This update was made specifically for Indian iPhone owners. There will be 12 sub-categories, according to a study, including warnings for credit or debit cards, bill payment, finances, government services, network providers, healthcare, and online orders. There will also be the currently in place ones, including Transactions and Promotions. Additionally, users will be able to easily and quickly add movie or train tickets to their Apple Wallet accounts or calendars from their communications. This new software upgrade from Apple reportedly rolls out to the general public in September and includes a multitude of capabilities. Read More : https://www.timesnownews.com/technology-science/apple-iphone-users-to-get-12-spam-message-fil...

R Kelly sentenced to 30 years in sex abuse case

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R Kelly was sentenced on Wednesday to 30 years in prison, after the multi-platinum R&B singer's conviction for exploiting his stardom and wealth over decades to lure women and underage girls for sex.  Kelly was convicted last September after a five-and-a-half week trial over accusations that had dogged the singer of the Grammy-winning hit I Believe I Can Fly since the early 2000s. He is among the most prominent people convicted of sexual misbehaviour during the #MeToo movement. Earlier on Wednesday, women who testified against Kelly during the trial spoke about how he had promised to mentor them and help them to attain stardom, only to subject them to degrading sexual treatment and physical harm. Many said the abuse led to mental health problems that persist. The sentence was imposed by US District Judge Ann Donnelly in Brooklyn Federal Court. Read More : https://www.thenationalnews.com/world/us-news/2022/06/29/singer-r-kelly-sentenced-to-30-years-in-sex-case/

Mississippi’s last abortion clinic faces tense final days

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A large, bearded man with wraparound sunglasses stands at the entrance of the Jackson Women’s Health Organisation, Mississippi’s last abortion clinic, and screams at a woman as she is driven into the clinic's car park.  “This is murder,” he yells. “You’re going to perish without the mercy of God.” He has draped a towel over his head to protect himself from the heat and humidity that envelop Jackson at this time of year. As he shouts Biblical scriptures, a woman wearing a rainbow-coloured jacket that reads “clinic escort” steps in front of him and holds a large mirror up to his face. On it, she has written: “You, yelling at women.” “Do you like how you look, Allan?” she asks. The two know each other by name. Following the US Supreme Court ruling last week that overturned Roe v Wade, a 1973 law that legalised abortion, Mississippi and other conservative states have moved quickly to enact bans on the procedure. READ MORE : https://www.thenationalnews.com/world/us-news/2022/06/30/miss...

Jens Stoltenberg: a man of clarity made for a crisis

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Jens Stoltenberg is a man for a crisis, something of a prerequisite for the role of secretary general of the military alliance Nato. He has used all his experience after nearly two decades at the top table of world politics, honed in two stints as prime minister of Norway, to steer Nato through the rough seas it has faced under his leadership. Nato’s world leaders underlined their faith in him by asking him to extend his eight-year tenure by another year after Russia’s attack on Ukraine. In so doing, Mr Stoltenberg, 63, gave up his long-held desire to become chairman of his native Norway’s central bank. The situation had given him "no choice" he said at the time, and felt it was the most important thing he could do with his life. The reason why the US, French, German and British leaders asked him to continue was clear on Tuesday evening, as he calmly sat on a stool for 30 minutes being questioned over a range of issues at the Nato forum in Madrid. Read More : https://www.the...

Cut the karak chai as experts warn of hidden calories in some foods

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Hidden calories and food loaded with unseen fats are big contributors to weight gain, according to nutritionists.  From karak chai to sandwiches and smoothies, everyday foods often seen as healthy alternatives can have as much salt, sugar and fat as some of the most common fast-food staples. Typically, the recommended daily calorie intake for the average woman is about 2,000, while men, who are usually bigger, need about 2,500 calories from food each day to convert into energy. “People count calories, but not always the nutrients,” said Ilse Onderweegs, a nutritionist at ICO Healthy Living in Dubai. Read More : https://www.thenationalnews.com/uae/2022/06/29/cut-the-karak-chai-as-experts-warn-of-hidden-calories-in-some-foods/

Britain's draughty homes stand in the way of its climate goals

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Poorly insulated and costly to heat homes in the UK are a major obstacle to the country's climate goals, government advisers say. There is a “shocking” gap in government efforts to ensure homes are better insulated as energy bills soar, they said. The independent Climate Change Committee, set up in 2008, said in its report that government plans for tackling global warming will not hit mandated emissions cut targets in the decades ahead. It singled out action on energy efficiency to make UK homes cheaper to heat, along with a lack of progress on farming emissions, as problem areas. In its annual report to Parliament, the committee called for action to address the rising cost of living that is in line with cutting emissions to zero overall — known as net zero — by 2050. Read More : https://www.thenationalnews.com/world/uk-news/2022/06/29/britains-draughty-homes-stand-in-the-way-of-its-climate-goals/

Syria seizes record 2.3 tonnes of illicit drug captagon: Ministry

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Syrian counter-narcotics units seized a record haul of 2.3 tonnes of the amphetamine-type stimulant known as captagon, the interior ministry announced Wednesday. Law enforcement officers had earlier discovered 249 kilos of captagon hidden in steel machinery inside containers ready to leave the Mediterranean port of Latakia. The ensuing investigation alerted the authorities “to the existence of a warehouse containing drugs on a farm” in the nearby province of Hama, a ministry statement said. “The weight of the confiscated bags amounted to 2,103 kilos,” the statement said, adding that 10 arrests were made and several vehicles confiscated. With a kilo of captagon estimated to amount to around 6,000 pills, the cumulated number of pills seized tops 14 million, the largest recorded haul by the Syrian government in years. Read More : https://english.alarabiya.net/News/middle-east/2022/06/29/Syria-seizes-record-2-3-tonnes-of-illicit-drug-captagon-Ministry-

Spain inflation soars to 37-year high

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Inflation in Spain has soared to a 37-year high, reaching double digits due to rising energy and food prices, official data showed Wednesday. Inflation has soared worldwide as economies have emerged from the COVID-19 pandemic while Russia’s invasion of Ukraine has pushed commodity prices higher. Consumer prices in Spain accelerated to 10.2 percent in June on an annual basis, up from 8.7 percent in the previous month and the highest since April 1985, according to the National Statistics Institute. The rise is mainly due to increases in fuel and food prices, but the institute also noted a hike in prices in the hospitality sector in one of the world’s top tourist destinations. Core inflation, which is seasonally adjusted and excludes energy, jumped to 5.5 percent in June compared to 4.9 percent in the previous month - the highest since August 1993. Read More : https://english.alarabiya.net/business/economy/2022/06/29/Spain-inflation-soars-to-37-year-high

Rajeev Jhawar, the saviour of Usha Martin in its tough times

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Rajeev Jhawar , the son of Brij Kishore Jhawar, is an Indian industrialist with over three decades of experience in strategic management. He is an alumnus of Ranchi University and London Business School. He started his journey as Sr. Vice President (Commercial) and became the Managing Director of Usha Martin Limited in 1998. He has been the Managing Director at Usha Martin Limited since May 19, 2008, and in the three decades that he has been at the helm of the Usha Martin Group, he has accelerated growth, built a meritocracy and enhanced stakeholder value. Usha Martin started its business as a wire rope manufacturing company. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. The company is also in the business activities of Steel, Wire & Wire Ropes. Rajeev Jhawar is the Director of Neutral Publishing House Ltd. He graduated from London Business School and...

Celebrity Net Worth: Kylie Jenner named youngest self-made female millionaire

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Once named the youngest self-made billionaire in the world, Kylie Jenner now has an estimated net worth of $600 million, down from $620m in 2021, according to a new wealth index by Forbes magazine. As with many of the world's richest people, Jenner, 24, has seen her net worth shrink over the past year, driven by the Russia-Ukraine crisis, the Covid-19 pandemic and volatile stock markets. Nevertheless, she remains the youngest person on the magazine’s annual list of self-made women with an overall ranking of 41. Jenner’s wealth stems from her make-up business, Kylie Cosmetics. She sold 51 per cent of the company to multinational beauty conglomerate Coty in 2020 for $600m. At the time, the deal valued the business at $1.2 billion. Jenner earned $340m from the sale. However, filings by Coty later indicated that the size of the business was smaller and less profitable than previously estimated, Forbes reported in 2020, when it revised down her net worth to less than $900m. In 2020, s...

Tabreed bullish on India as it also presses forward with Middle East expansion

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The National Central Cooling Company, better known as Tabreed, is bullish about growth in India and is looking at acquisitions and greenfield projects to expand in Asia’s third largest economy. Last year, Tabreed formed a new holding company with the World Bank’s International Finance Corporation (IFC) to invest up to $400 million in the next five years to expand in India. As part of the agreement, Tabreed India, currently a wholly owned unit of Tabreed, will be transferred to a new holding company established in Singapore, in which Tabreed will hold a 75 per cent stake and IFC 25 per cent. The partners are targeting a portfolio of more than 100,000 refrigeration tonnes of cooling capacity by 2026 as they aim to serve industrial, commercial and retail developments in the country. India, the world's second most populous country, is “a huge market that potential is beyond what we expected in initial stages”, Khalid Al Marzooqi, chief executive of Tabreed, told The National in an int...

WTO members agree to temporarily lift Covid vaccine patents to tackle vaccine inequality

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The World Trade Organisation agreed on Friday to temporarily lift patents on Covid-19 vaccines after two years of bruising negotiations, but experts expressed scepticism that the deal will have a major impact on global vaccination inequality. The unprecedented agreement, sealed by all 164 WTO members after late-night overtime talks, will grant developing countries the right to produce Covid-19 vaccines for five years "without the consent of the right holder". Since October 2020, South Africa and India have called for intellectual property rights for coronavirus vaccines to be temporarily lifted so they can boost production to address the gaping inequality in access between rich and poor nations. But Friday's compromise fell short of their earlier requests that the waiver apply to all countries – and also cover Covid tests and treatments. Read More : https://www.thenationalnews.com/business/2022/06/18/wto-members-agree-to-temporarily-lift-covid-vaccine-patents-to-tackle-v...