Tag Archives: georgia
Egypt’s Mubarak back in court, lawyer to seek his release
Egypt’s Mubarak back in court, lawyer to seek his release (AFP) / 21 August 2013 Egypt’s former president Hosni Mubarak will face a new court hearing on Wednesday during which his lawyer will seek his release from prison, judicial sources said. The hearing is the fourth and final case against the long-time president, who was toppled in a popular uprising in February 2011. Since April, courts have ordered Mubarak’s conditional release in the three other cases against him — two involving corruption, and one for allegedly killing protesters. The latest came on Monday when a court ordered his conditional release in the third case, which involved charges of corruption. His lawyer plans to appeal against the fourth and final case, which is also related to corruption, in a bid to secure the former president’s release, according to a judicial source. Farid al-Dib, Mubarak’s lawyer, is expected to argue that his client paid back $600,120 (449,570 euros) for gifts he received from his minister of information — the issue at the heart of the fourth case. The former president, 85, is on trial with his former interior minister Habib Adly and six police commanders on charges related to their rule before the 2011 uprising that toppled his regime. On Saturday, a court adjourned his trial on charges of killing protesters until August 25 in a brief session that Mubarak did not attend. He is facing the charges for a second time after a first trial that ended in him being sentenced to life was overturned by an appeals court on the basis of procedural errors. Continue reading
Cash reward for catching top leaders of Brotherhood
Cash reward for catching top leaders of Brotherhood Mustafa Al Zarooni / 21 August 2013 Emirati journalist Hamad Al Mazroui has announced a reward of one million Egyptian pounds — equal to approximately $143,000 — to whoever helps arrest any of the three most important leaders of the Muslim Brotherhood in Egypt. Al Mazroui posted the announcement on his Twitter account that he would hand over the amount to anyone who helps locate any of the three top Brotherhood leaders — Essam el-Eryan, Mohamed Al Beltagi and Safwat Hijazi — whose arrests have been ordered by the South Cairo Public Prosecution. The bounty will be presented in coordination with the Egyptian Interior Ministry, no matter what the informant’s nationality or religion is, or even if he/she is one of the Egyptian Interior Ministry’s officers or from the Muslim Brotherhood itself. Speaking to Khaleej Times, Al Mazroui said: “I have allocated the cash reward to cease the bloodshed in Egypt as those three men are the leaders of militants and they are no less dangerous than the supreme guide of the Muslim Brotherhood.” Al Mazroui had earlier donated Dh1 million to Egypt during a public donation campaign to save Egypt from the current economic crisis. malzarooni@khaleejtimes.com Continue reading
New duties rain on Indians’ TV party
New duties rain on Indians’ TV party Muaz Shabandri / 21 August 2013 Travelling to India with a television set will soon become a thing of the past as the Indian government announced plans to impose custom duties on ‘non-essential’ imports. Non-resident Indians (NRIs) and Indian tourists going back to India with TV sets would be asked to pay a 10 per cent customs duty and 12.5 per cent countervailing duty as part of the new rules. The move is expected to discourage Indians from spending on non-essential products outside India. Till now, most Indian expatriates would carry a 32” or 42” TV in their free-baggage allowance as the Indian government was allowing a duty-free import of TV sets up to the value of Rs35,000. However, the new rules, taking effect from August 26, would affect NRIs. Television sales across the UAE are expected to dip by more than 20 per cent over the next three to six months. The availability of cheap television sets in the UAE, Thailand and Singapore had created a huge market from India as tourists took advantage of the price difference due to the baggage allowance. “The Indian consumers looked at TV sets as a nice gift for friends or relatives. It was one of the most popular products which one would take back to their home country,” said Ashish Panjabi, chief operating officer for UAE’s Jacky’s Group, a major electronic retailer. The LCD and LED TV sets by major brands like Samsung, LG and Sony are priced almost 30 to 40 per cent cheaper in the UAE market. The new rules are aimed at reducing the cost-benefit for retail consumers who will end up paying as much as they would for a TV set in the Indian market. Neelesh Bhatnagar, CEO of Emax Electronics, also expressed concerns over the decision to impose customs duties on TV sets as he said, “With the devaluation of the Indian currency, major electronic manufacturers will also have to increase prices of products in the Indian market.” Every day, more than 3,000 flat-screen TV sets land at Indian airports. The number increases to almost 10,000 during the sale season and Dubai Shopping Festival (DSF) when special offers are provided to retail customers. The UAE is a popular tourist stop for Indian residents who look at Dubai as a shopping destination. Electronics and gold products are a hit with this consumer segment. “We have already seen a dip in the flow of Indian tourists coming to our stores. For any customer taking back an electronic product to their home country, they need to make a saving of at least 25 per cent. Warranty and installation issues also affect the buying sentiment sometimes,” added Bhatnagar. Sliding Indian rupee has forced economists and policy-makers to take corrective measures and reduce the current-account deficit (CAD). Taxes on gold imports were also raised for the third time in eight months, again targeting NRIs. The government increased the customs duty by 10 per cent from 8 per cent per 300 grams of the precious metal. P.K. Abdul Salam, executive director of Malabar Gold & Diamonds, said gold retailers in the UAE would definitely be affected as sales were expected to slump. “It will definitely affect gold sales in the UAE. The margin of difference when importing gold is very obvious now. Also, some states in India have local taxes which add to the end retail cost,” he said. Gold is hugely popular in India, especially during religious festivals and wedding seasons, as middle-income families look at gold as a safe investment. “People are now willing to send money rather than invest in gold because of the falling Indian rupee. It is a dull season and we are hoping sales would pick up during the festive seasons of Eid and Diwali,” added Abdul Salam. In January 2012, the duty on gold stood at 2 per cent. It has been steadily increasing since then, causing fears of an increase in gold smuggling. muaz@khaleejtimes.com Continue reading
