Tag Archives: lifestyle
Karzai asks Pakistan to set up Taleban talks
Karzai asks Pakistan to set up Taleban talks (AFP) / 26 August 2013 Afghan President Hamid Karzai asked Pakistan on Monday to help arrange peace talks between his government and Taleban insurgents, and called for a joint campaign against extremism in both countries. Karzai was visiting Islamabad to hold his first talks with newly elected Prime Minister Nawaz Sharif, despite a series of public rows that have hampered efforts to end 12 years of war in Afghanistan. Afghan President Hamid Karzai and Pakistani Prime Minister Nawaz Sharif attend a memorandum of understanding signing ceremony at The Prime Ministers House in Islamabad on Monday. -AFP Kabul was infuriated by the opening in June of a Taleban office in Qatar, considered a precursor towards talks with US officials. He now wants Pakistan to help open dialogue with the militia, which has publicly refused all contact with his government. Elements of the Pakistani state are widely accused of funding, controlling and sheltering the Taleban. Islamabad says publicly it will do anything to stop the fighting in Afghanistan. Karzai said Afghanistan expected Pakistan to provide opportunities or a platform for talks between the Afghan High Peace Council — Kabul’s official negotiators — and the Taleban. “We hope with this on top of our agenda we can move forward in bringing stability and peace to both countries,” he told reporters. In the past, the Afghan leader has identified Taleban havens in Pakistan as the main cause of increased violence in his country. On Monday, he acknowledged that the “continued menace of terrorism” was a primary concern for people in Pakistan, where thousands have been killed in the last decade, as well as in Afghanistan. “It is this area that needs to have primary and focused attention by both governments,” Karzai said. “It is with hope on this that I have come to Pakistan… to advance the course of action together… but also by having a common campaign against extremism, (to) make sure that the two countries are safer and prosperous towards a secure future.” Sharif wished Afghanistan well in the transition from Nato to Afghan security control and reiterated support for peace and reconciliation to be “Afghan-owned and Afghan-led”. “I assured President Karzai that Pakistan will continue to extend all possible facilitation to the international community’s efforts for the realisation of this noble goal,” he said. “I also reaffirmed Pakistan’s strong and sincere support for peace and reconciliation in Afghanistan.” But there are question marks over what Pakistan can deliver. Analysts say it can encourage and provide logistical support for Taleban peace talks, but cannot force them to negotiate against their will. The Taleban have publicly refused to have any contact with Karzai’s government, branding it a puppet of the United States. Afghan government peace negotiators accompanying Karzai have called for the release of the most senior Taleban figure detained in Pakistan, former deputy leader Abdul Ghani Baradar. No mention was made about prisoner releases in the short statements made by Sharif and Karzai. Questions were not allowed. Pakistan released 26 Taleban prisoners late last year, including the militants’ former justice minister Nooruddin Turabi. Afghan officials believe the releases can encourage former detainees to talk to the Kabul government, although observers say there is little evidence those hopes have been realised. Several prisoners are also understood to have returned to the battlefield. On Sunday, the Afghan Analysts Network think-tank said attempts to go through Pakistan to reach the Taleban leadership are not new and similar moves have been unsuccessful in the past. Last month Karzai’s chief of staff Karim Khorram claimed the Taleban office in Doha was part of a plot to break up Afghanistan, orchestrated by either Pakistan or the United States. Pakistan’s Dawn newspaper on Monday warned of complications in Afghanistan and Pakistan working more closely together. Karzai is due to step down at presidential elections in April, Pakistan’s new government is still grappling with policy and its powerful army is preparing to change its commander later this year. “Hope for the best, but prepare for continuation of the status quo — that may be the best approach,” Dawn said. Continue reading
Dubai shares at 5-year high
Dubai shares at 5-year high Issac John / 26 August 2013 Led by two leading property developers, Dubai shares jumped to the highest since November 2008 on Sunday. The benchmark Dubai DFM General Index surged 1.8 per cent to a five-year high to 2,748.27 points at the close as Deyaar Development and Union Properties surged amid a significant bounce back in property prices over the past few months in Dubai. In the first half of 2013, a stead upswing in Dubai property prices continued along with a surge in rents as more buyers from turmoil-hit countries entered the market amid increased investor confidence and mortgage availability. Year-on-year apartment rents and sales prices jumped 20 per cent and 38 per cent respectively. Villa rents were up 17 per cent as sales surged 24 per cent. According to market analysts, the price of luxury homes in Dubai rose by more than six per cent in the second quarter of 2013. Prime real estate prices in Dubai have increased by 21.6 per cent over the past year, making it the second best performing market in the world. Harald Finger, mission chief of International Monetary Fund to the UAE, noted that listed Dubai property prices soared 35 per cent from a year ago in June. The drastic jump in prices had prompted a warning from IMF that Dubai might need to intervene in its property market to prevent another boom-and-bust cycle. “It is too early to speak of a bubble, but should price increases continue to take place at this pace, action will need to be taken to prevent a bubble,” he said last month after annual economic consultations between the IMF and the UAE. On Sunday, Deyaar shares jumped the most since March 2012 as trading volumes climbed to more than 10 times the three-month daily average. Union Properties jumped 15 per cent to the highest since January 2010. Sunday’s gains brought this year’s advance for Deyaar to 63 per cent and for Union Properties to 58 per cent. That compares with a surge of 67 per cent for Emaar Properties, and 69 per cent for Dubai’s benchmark index. Deyaar and Union Properties trade at about 0.8 times book value, compared with a multiple of almost 1.2 for Emaar. Deyaar soared 15 per cent to 57.2 fils, while Union Properties closed at 62.4 fils. Emirates NBD, Dubai’s biggest bank and the largest shareholder in Union Properties, rose 2.7 per cent to Dh5.75, the highest since May 20. Air Arabia, a leading low-cost carrier, advanced 4.3 per cent to Dh1.45, the highest since September 2008. Abu Dhabi’s benchmark index advanced for a fifth day, gaining 0.3 per cent, while Oman’s measure added 0.2 per cent and Egypt’s EGX30 increased 0.9 per cent at 12:27pm in Cairo. Saudi Arabia’s Tadawul All Share Index lost 0.7 per cent, led by Riyadh-based Al Rajhi Bank, which declined 1.3 per cent. Kuwait’s measure fell 0.4 per cent, Qatar’s 0.3 per cent and Bahrain’s 0.2 per cent. issacjohn@khaleejtimes.com Continue reading
100-day Expo 2020 countdown begins
100-day Expo 2020 countdown begins Staff Reporter / 26 August 2013 The final countdown for deciding who gets to host World Expo 2020 has officially begun. In less than 100 days, representatives from 167 member nations of the Paris-based Bureau International des Expositions (BIE) will cast their votes to decide which city will host the World Expo 2020. An artist’s impression of the main site where World Expo 2020 will be held if Dubai’s bid succeeds. Voting will take place on November 27 as a team from the Dubai Expo 2020 team will focus on hosting a theme symposium in Dubai this October. The symposium, which will be held by each of the candidate cities, is an opportunity for the UAE to further demonstrate to BIE delegates the global relevance and timeliness of the bid theme. Dubai’s Expo 2020 bid is centered around the theme ‘Connecting Minds, Creating the Future’. Delegates will have the chance to explore the three sub themes — Mobility, Sustainability and Opportunity — which represent the key drivers of global development. The event will also allow delegates to witness and experience first-hand unique advantages the UAE has to offer as a potential host nation, including the country’s robust infrastructure, warm hospitality and global connectivity. As a result of the country’s infrastructure and geographical positioning, Dubai Expo 2020 expects to attract 25 million visitors offering a diverse and exciting international profile. For the first time in the history of World Expo, more than 70 per cent of the visitors would stem from beyond the host nation. An Expo in Dubai would take place on the eve of the UAE’s 50th anniversary, starting countrywide celebrations. It would also be the first time that a World Expo is held in the Middle East, Africa and South Asia region, presenting a significant opportunity. More than 277,000 jobs are forecast to be created by Dubai Expo 2020 and for each one of these, an additional 50 jobs are expected to be sustained across the wider region. Dubai Expo 2020 will leave a powerful legacy, both in terms of the Expo site itself and also as an inspiration for future generations. Dubai is competing against three other candidate cities in its bid to host World Expo 2020. The other candidate cities are Sao Paulo in Brazil, Yekaterinburg in Russia and Izmir in Turkey. news@khaleejtimes.com Continue reading
