Month: October 2017

  • More on “Release of US Republican tax bill delayed until Thursday”

    Not much more .... earlier headline here:
    Release of US Republican tax bill delayed until Thursday
    NBC now reporting it also:NBC citing:and 
    --
    A tiny little bit of USD weakness following the headlines. EUR/USD up a few points but there isn't muc...

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  • Israel’s New “Soros Bill” Aims To Stop Funds From ‘Anti-Semitic’ Donors

    Having made no friends this week with his McCarthyite 'blacklist' of potential Russia-sympathizers, and facing bans and probes throughout eastern Europe (for his 'Open Society' actions), bilionaire investor George Soros has a new enemy - Isarel!

    As Haaretz' Jonathan Lis reports, MK Miki Zohar (Likud) announced on Monday that he planned to submit a bill that would make it harder for leftist organizations to receive funding from organizations considered hostile to Israel.

    He said the bill, named for mogul George Soros, won the approval of Prime Minister Benjamin Netanyahu (but, associates of Netanyahu couldn’t say on Monday whether the prime minister would support the proposed law in the Knesset).

     

    Its exact wording has yet to be disclosed.

     

    Zohar said the bill would prevent “donors who are anti-Semites, inciters or hostile to Israel” from donating to Israeli organizations.

     

    Zohar said he was aiming at donors like Soros who donate to organizations like Adalah – the Legal Center for Arab Minority Rights in Israel, B’tselem, Breaking the Silence, Ir Amim, Machsom Watch, Yesh Din and the New Israel Fund, which he said were all anti-Zionist.

     

    He said such donors should be considered anti-Semitic, inflammatory and hostile, and donations from them to non-profits or Israeli corporations should be forbidden.

     

    According to the bill, the Strategic Affairs Ministry will compile and periodically update a list of bodies and organizations that are hostile to Israel or are defined as anti-Semitic.

    The actions of Hungarian Prime Minister Orban and now the Israeli government appear to be escalating since Soros donated $18 billion his 'Open Society' Foundation.

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  • Female Saudi Shoura member asks big football clubs for women-only teams

    Author: 
    ARAB NEWS
    Tue, 2017-10-31 19:49
    ID: 
    1509491318283949500

    RIYADH: Big football clubs such as Al-Hilal, Al-Nassr, Al-Ittihad and Al-Ahli have been urged to set up women-only football teams by a human rights activist who is requesting the establishment of professional sports clubs for women, Al Hayat Newspaper reported.
    Iqbal Dandari, a member of the Committee for Human Rights at the Shoura Council, also requested allocating days for women to exercise at major sports clubs after establishing appropriate standards that enforce a modest dress code and take women’s privacy into account.
    Dandari hailed the landmark decision allowing women to enter sports stadiums and said it would encourage Saudi women to practice professional sports like their peers around the world.
    Sami Zaidan, another member of the Shoura Council, described the decision as a good and timely move. “As for women’s dress code at football games, I trust Saudi women are modest wherever they go,” he added.

    Main category: 
    related_nodes: 
    Saudi Shoura member discloses move to raise women’s representation in diplomatic positions
    Saudi Shoura Council to discuss annual performance report for social, family and youth affairs
    Saudi Shoura Council passes bill ensuring care for the elderly

  • The Key Ingredient In Tomorrow’s Energy Revolution

    The electric vehicle revolution has led to a run up in prices for a variety of metals and other commodities, as global automakers try to keep up with Tesla. The mass adoption of EVs is not here just yet, but the cascade of new EV models set to be unveiled in the next few years will accelerate the energy transition. The ramp up in EV production has caused price spikes for lithium and cobalt, for example. But there is one material that is actually even more crucial to the development of batteries needed in EVs: graphite. Graphite can produce graphene,…

  • King Abdul Aziz City for Science and Technology allocates SR500m in startup funds for tech companies

    Author: 
    Mohammed Rasooldeen
    Tue, 2017-10-31 19:08
    ID: 
    1509491193873945200

    RIYADH: Technology companies throughout the Kingdom will get startup funds up to SR500 million ($133.3 million) from the King Abdul Aziz City for Science and Technology (KACST) during the first quarter of next year.
    The initiative, launched by the Badir Program for Technology Incubators, one of KACST’s leading programs, aims to trigger the growth of Saudi startups for a positive impact on the national economy, increase productivity and create more job opportunities for Saudi youths.
    According to a statement from Badir to Arab News, funding will be concentrated on the acceleration phase of these companies in exchange for a share in their capital.
    The Badir accelerator also offers a wide range of advisory services such as training, follow-up and workshops, accompanied by continuous guidance, in order to develop the entrepreneurial innovations and translate them into existing projects within 90 working days.
    According to a report in Magnet, specialized in linking startup entrepreneurs with strategic investors in the Gulf region and the Middle East, the volume of financing deals for startup technology companies announced in Saudi Arabia during the first nine months of this year increased by about 10 percent compared to the same period last year.
    Among the startup Saudi companies incubated by the Badir program during the past three months, company graduates Foodics Company recorded $4 million in investments, Matic $3 million, and Smart Control $1.6 million, led by Saudi finance companies and supported by Gulf and regional investment groups.
    In an earlier statement, Nawaf Al-Sahhaf, the CEO of the Badir program, said: “There is a need for active investments in the early stages of the life of startup companies; thus Badir accelerator is especially aiming at investing in startup technology companies, financing them in the early stages of incorporation, and supporting them with advisory services and required innovative thoughts, as well as close and direct cooperation with them through their incubation after the stage of acceleration to enhance the value of these companies.”

    Main category: 
    related_nodes: 
    KACST-UAE Ministry of Economy partnership to enhance innovation
    KACST provides Saudi Arabia’s science community 24.7.365 cloud backup with Veeam
    KACST Badir program to set up 600 more companies to provide 3,600 jobs