US launches airstrikes near Irbil, Mosul Dam

August 17, 2014

US airstrikesBaghdad, August 17: Kurdish forces backed by U.S. airstrikes on Saturday were attempting to regain control of the strategic Mosul Dam from insurgents in northern Iraq.

Islamic State militants meanwhile killed around 100 Yazidi men near the northern Iraqi town of Sinjar, after they refused to convert to Islam. The men were killed on Friday, while women and children were detained and taken to an unknown place, surviving residents told dpa.

The United States launched airstrikes with jets and drones against Islamic State targets in northern Iraq, striking targets near the Mosul Dam and the city of Irbil, the U.S. military said.

“U.S. Central Command conducted these strikes under authority to support humanitarian efforts in Iraq, as well as to protect U.S. personnel and facilities,” it said in a statement.

Nine airstrikes destroyed or damaged four armoured personnel carriers, seven armed vehicles, two Humvees and an armoured vehicle, the U.S. military said.

At least 20 militants were killed and 11 wounded in U.S. strikes in the vicinity of the Islamic State-held Mosul Dam, the Kurdish military said.

U.S. warplanes mounted a series of strikes against gatherings of insurgents along the facility, they said.

The Islamic State seized the Mosul Dam earlier this month. It is located on the River Tigris, which also runs through Baghdad.

In recent weeks, the militants have overrun several towns in northern Iraq, where minority Christians and Yazidis live, triggering an exodus. Others have been besieged in their towns and ordered to convert or face death, witnesses said.

The militants consider the Yazidis, followers of a religion with pre-Islamic origins, to be infidels.

German Foreign Minister Frank-Walter Steinmeier on Saturday assured displaced Yazidis of additional humanitarian assistance.

“We need to create a situation where [the Islamic State] can no longer draw support from the Iraqi population,” he said. He was speaking during a tour of a refugee camp sheltering Yazidis in Irbil, the capital of Iraq’s autonomous region of Kurdistan. Mr. Steinmeier had earlier on Saturday met with Iraqi President Fouad Massoum, a day after European ministers agreed to arm Iraq’s Kurdish forces battling the jihadists.

“The daily images from Iraq of killings and massacres have led to shock and horror across the world,” Mr. Steinmeier said after arriving in Baghdad.

“A terrorist gang of murderers is trying to subdue the country,” he said, referring to the al-Qaeda splinter group that has captured vast chunks of northern and western Iraq since June.

France was the first Western European country to announce that it would join the U.S. in arming Kurdish forces in northern Iraq against the militants.

With the regular Iraqi Army in disarray, the Kurdish forces are widely seen as the best hope of halting the militants, who have in recent weeks widened their control without encountering much of a fight.

On Friday, the U.N. Security Council adopted a resolution condemning radical Islamists operating in Iraq and Syria, and threatened to act against any parties that finance or assist them.

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Gulf News
May 29,2020

Dubai: There aren’t that many job vacancies right now – but be prepared for a 15-20 per cent cut in salary expectations even for those positions that are still open. Businesses in the UAE are definitely not in a generous mood when it comes to hiring, with salary cuts now part of the new normal.

And they are definitely not willing to take on new hires without extracting some cost benefit from them. “We have seen major [salary] cuts across the board in hospitality, real estate, professional services and in retail,” said Vijay Gandhi, regional head at Korn Ferry Digital, the recruitment consultancy.

“And once the headcount correction is complete in [the local] financial services and energy sector, we may see more cuts in rewards and benefits in these categories as well.”

The salary cuts are slowly extending their way into the healthcare sector as well – just about every non-COVID-19 facing medical category is coming across cuts in the number of working hours and, by extension, their take home packages.

By end of June, more businesses and sectors in the UAE will have a better understanding of their short-term revenue prospects. By then, they will also have a better reading on what their staff strength should be – and whether there should be more trimming of the workforce. Or whether they should consider a few hires as well.

A long summer
So, realistically, it could be September before such decisions need to be taken. The coming weeks will then prove to be laden with anxiety for those who are expecting to land a job option after being laid off at their current employers.

There are multiple instances of recruitment decisions having been made in February/March, and then the companies rescinding those offers to the chosen candidates citing the business uncertainty.

“The decision to hire is taking longer – so job creation is now 4-6 weeks from interview and selection compared to 4-6 days in the past,” said Gandhi.

The lucky ones
Recently, free zones and other entities had made it easier for personnel on the visa of one entity being able to smoothly transfer to another if they are likely to be made redundant. “We are seeing more flexibility being offered by the authorities given the circumstances, and the visa transfer process is happening,” said Gandhi.

“But in the vast majority of cases, businesses are going to wait and watch before normal hiring activity starts. Organizations will look to hire from September.”

A few hires are still happening
Even in the business turmoil set off by COVID-19, a few categories are still offering jobs. At the entry level, logistics services personnel and drivers with experience remain in demand.

Not just “routine jobs, there have been confirmations in more technical roles such as procurement and operations in healthcare and e-commerce,” said Gandhi. “Employers should keep an eye for good talent and have the talent acquisition team actively looking for good profiles.

“As such, organizations are not only looking at “right sizing” in numbers but also “future proofing” on what kind of skilled talent will help them in the post-COVID-19 world.”

But for the candidates, the present will be about waiting around for the call to come.

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Agencies
August 8,2020

Beirut, Aug 7: A devastating explosion that destroyed much of Beirut might have been the result of a missile attack or bomb, Lebanese President Michel Aoun said, as the death toll from the blast rose to 154.

More than 2,700 tons of ammonium nitrate had been sitting in a port warehouse for six years, but there have been conflicting accounts about why Lebanese authorities decided to empty the shipment of explosive material. The vessel carrying the flammable cargo was heading from Georgia to Mozambique when it stopped in the Lebanese port to load up on iron, according to the ship’s captain.

By Friday, 19 suspects had been arrested and Lebanon’s former director general of customs Chafic Merhy had been questioned by military police.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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