Wed 15 Mar 2023 5:53 am - Jerusalem Time

A slight rise in viewership of the Oscars ceremony

(AFP) Television viewership of the Academy Awards ceremony rose for the second year in a row, with viewership of the event, in which "Everything Everywhere All at Once" won seven awards, 18.7 million viewers, according to the station. ABC Monday.
That's a 12% increase in viewership from the previous edition of the celebration, which upset Will Smith's slapping of comedian Chris Rock on stage.
The recovery continues in the rates of follow-up to the most prominent cinematic event, but at a slow pace, after it touched its lowest levels during the Covid-19 pandemic.
In 2021, the celebration was held with limited attendance due to the pandemic, while its audience reached an all-time low of 9.85 million viewers.
Several factors this year contributed to the revival of television viewership for the party and the return of interest in this event, the most important of which is the comedian Jimmy Kimmel assuming the celebration again, and the presence of an innovative film such as “Everything Everywhere at Once” among the competing works, in addition to huge and popular productions such as “ Top Gun: Maverick and Avatar: The Way of Water.
This upward trend in the number of viewers is a pleasant result for the organizers of the party, because the traditional television transmission of it was negatively affected by the growing demand from young people, especially on social networks and video-on-demand platforms.
Despite the increase in the rate of television follow-up to the event, this year's numbers constitute the third lowest level ever.
The evening, which featured two singing performances by Rihanna and Lady Gaga, received critical acclaim.
"Everything Everywhere All at Once" dominated the party, winning seven Oscars in major categories, including Best Picture and Best Actress, for its lead, Michelle Yeo, who became the first actress of Asian descent to receive this major award.
Official numbers for the evening's viewership are due to be released on Tuesday, since ABC's numbers are preliminary.

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Chinese scientists propose a new strategy for treating inflammatory bowel disease

(Xinhua) -- Chinese and foreign researchers have jointly demonstrated that an innovative drug is effective in treating moderate or severe ulcerative colitis, an inflammatory bowel disease, providing a new treatment option.
Inflammatory bowel disease, which is a group of chronic inflammatory diseases, mainly includes ulcerative colitis and Crohn's disease, both of which are prone to recurrent attacks.
Since current drugs show weak therapeutic efficacy on IBD, the treatment strategy is to control the symptoms of the disease and prevent recurrence by suppressing overactive immune responses.
The homegrown drug, olamicept, is a soluble fusion protein that can selectively inhibit interleukin-6 transient signaling. During the phase II clinical trial, a joint team led by researchers from the First Affiliated Hospital of Sun Yat-sen University in collaboration with counterparts from 22 hospitals and research centers in East Asia conducted a randomized, double-blind, placebo-controlled study.
In this context; Zhang Shenghong, a team member from the First Affiliated Hospital of Sun Yat-sen University, said that a total of 91 adult patients with active ulcerative colitis with an average age of 41 years were included in the study that began in February 2018, and they were randomly divided into three groups. In roughly equal numbers, they were each given intravenous 600-milligram or 300-milligram doses of olamkicept, or a placebo, respectively, for 12 weeks.
The results indicated that the drug "Olamcicept" at a dose of 600 milligrams had shown an effective therapeutic effect on patients with moderate or severe ulcerative colitis by significantly improving their clinical symptoms and biological indicators.
turn; The drug is safe and well tolerated, said Chen Minhu, the team leader, and can effectively reduce complications and deaths among patients with IBD. The drug is planned to enter phase III clinical trials this year.
The results of the study were published in the Journal of the American Medical Association.

Wed 15 Mar 2023 5:53 am - Jerusalem Time

British pop singer Gary Glitter, who was convicted of sexually abusing minors, has been imprisoned again

(AFP) - British pop singer Gary Glitter , 79, who was sentenced in 2015 to 16 years in prison for sexually assaulting three minors, has been returned to prison for violating the terms of his release, Britain's monitoring services announced.
The former singer, whose real name is Paul Gad, who was released on February 3, was convicted in 2015 of attempted rape, four sexual assaults and sexual relations with an underage girl.
He was released in the middle of his term, after he had spent eight years behind bars.
A spokesman for the monitoring services said, "Protecting the population is our most important priority, so we set strict conditions for the release of prisoners, but when they violate them, we do not hesitate to send them back to prison."
Glitter was widely known during the period during which he assaulted minors.
The victims of Gary Glitter are two girls who were 12 and 13 years old when he assaulted them after being removed from their mothers.
As for the youngest victim, she was a ten-year-old girl when he tried to rape her in 1975.
The rock singer was arrested on the twenty-eighth of October 2012 in London, in light of the exposure of several scandals related to sexual abuse of children in the United Kingdom.
Glitter was arrested in 1997 and sentenced to four months in prison for downloading clips showing sexual acts with children to his computer.
The singer then decided to stay out of the limelight, so he moved to Cambodia, where he was arrested and expelled in 2002 on charges of sexual acts with children. And in 2006, he was sentenced to three years in prison for the same reason.
After serving a prison sentence of two years and nine months, he returned to his country in 2008.
Glitter achieved wide fame in the seventies of the last century, and was famous for several songs, the most important of which was "I Am The Leader Of The Gang".

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Organized by Hamad Medical Corporation.. 3 thousand participants in the Middle East Forum for Quality in Healthcare

More than 3,000 healthcare cadres are participating in the activities of the Middle East Forum for Quality and Safety in Healthcare 2023, which is organized by Hamad Medical Corporation in cooperation with the Institute for Healthcare Development in the United States of America, from March 16 to 19, with personal attendance and virtual participation. (remote).

The forum, the tenth edition of which is being held this year, is considered the largest forum of its kind in the region dedicated to the quality of health care, as its program witnesses the participation of a group of the most prominent international and local health care experts.

The forum focuses on the issue of the health care system's ability to adapt in exceptional circumstances, through five learning paths that include optimization science, patient-centered care, improving safety, value and service flow, leadership, resilience and sustainability, and population health. The forum includes field tours during which participants learn about the key role played by the healthcare sector in hosting the 2022 FIFA World Cup Qatar, with a focus on specialized care for athletes during the tournament and preparedness to respond to major incidents during the World Cup.

Wed 15 Mar 2023 5:53 am - Jerusalem Time

In order to improve the performance of the government sector, the Qatar Civil Service Bureau launches the “ADAA” system

The Bureau of Civil Service and Government Development launched the “ADAA” system, which aims to raise the level of performance of the government sector in the State of Qatar in line with the realization of the Qatar National Vision 2030, as the system promotes work directed towards achieving goals and results in all government sector practices in the country, which It is reflected in the tasks that the employee performs throughout the year, and it becomes an opportunity for the employee to highlight his achievements and efforts in order to achieve the main goals.

In this context, Abdulaziz bin Nasser Al Khalifa, Head of the Civil Service and Government Development Bureau, affirmed that the “ADAA” system constitutes an essential step towards the gradation and fragmentation of strategic goals at the state level into sectoral goals, then institutional goals, and then goals at the level of administrative units. And departments, and then individual goals, which highlights the importance of the role of each employee in achieving the national goals.

He pointed out that every employee is important and plays a role within a team to achieve goals that fall within the framework of the Qatar National Vision, and the role of the “ADAA” system is to highlight this and measure the extent of productivity clearly and transparently with motivation and continuous development. towards achieving the Qatar National Vision 2030. His Excellency stressed that “the importance of the performance system comes from the importance of developing performance systems for human resources and providing the appropriate environment for creativity and hard and distinguished work towards achieving the requirements of comprehensive development in all government agencies,” pointing out that in the context of plans The Civil Service Bureau and Government Development “we continue to coordinate with government agencies to build bridges of communication and continue introducing the system’s methodology while clarifying the principles to build a future vision for the government sector, based on efficiency, innovation, respect, cooperation, responsibility, commitment and integrity at work.”

In order to create a more efficient and productive work environment, the “ADAA” system targets all entities subject to the Civil Human Resources Law, including employees of various degrees of excellent and below, from government sector employees, as “ADAA” is a new stage to start their professional development journey. ADA'a is a comprehensive evaluation system that allows employees to know their strengths and weaknesses, and how they can improve and develop them. Through it, the employee's performance is measured in a transparent manner, whereby goals and performance indicators are agreed upon at the beginning of the year between the employee and his direct supervisor, and are followed up during the year, and achievement and what has been achieved are measured at the end of the year.

The “ADAA” system will also benefit the employees of government agencies by creating a space to enhance means of communication and continuous cooperation between employees, enhancing the culture of workflow within government sectors, and improving the employee’s perspective on the system as systematic and fair, which will contribute to reaching high-quality outputs that reflect the aspirations of the state Qatar. The launch of this system stems from the mission of the Civil Service and Government Development Bureau related to enabling sustainable competitive services that achieve the potential of human cadres with excellence, and are based on civil service values, integrity, competence, respect, responsibility, cooperation, commitment, and innovation.

These values aim to motivate the capabilities of all workers in the country and raise the level of quality in accordance with the highest levels of professional discipline, job behavior, transparency and ethical dealings.

Wed 15 Mar 2023 5:53 am - Jerusalem Time

A three-year-old American girl accidentally killed her sister with a gunshot

Houston (AFP) - A three-year-old girl killed her four-year-old sister after accidentally shooting her with a semi-automatic pistol Sunday in Texas, US police said.


This tragedy is the latest example of the dire effects of the proliferation of firearms in the United States.


The official in Harris Police, located in the suburbs of Houston, Ed Gonzalez, indicated that the child "was able to reach a semi-automatic pistol loaded with bullets," adding that the family members heard a gunshot, so they quickly went to the room to find the four-year-old girl's body.
The girl's death was announced immediately.


Gonzalez added that what happened "constitutes a new tragic incident resulting from a child's ability to reach a gun and kill another person."


There are about 400 million weapons in circulation in the United States, that is, their number exceeds the population, while one adult out of every three owns at least one weapon, and one adult out of every two lives in a house that contains a weapon.


More than 44,000 deaths from firearms were recorded in the United States last year, half of them by suicide and the other half as a result of homicide, accidents, or reasons related to self-defense, according to the Gun Violence Archive website.
Texas is one of the easiest states in the US to get a gun.

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Cherry blossom season starts early in Tokyo

The cherry blossom season officially opened in Tokyo on Tuesday, ten days earlier than usual, a trend that has become prevalent in recent years due to the consequences of climate warming.


This station marks the beginning of what is known as “hanami”, a Japanese tradition based on watching the new blossoms of “sakura” trees (cherry trees), and celebrating the arrival of spring by organizing picnics with family or friends.


Thus, the cherry blossoms are an event of interest across the country. Japanese media compete to predict the start date of this season across the archipelago, and cover its news annually with remarkable enthusiasm.


The delicate white and pink flowers appeared this early in the year in Tokyo in 2020 and 2021, according to the Japan Meteorological Agency based on its 70-year-old statistics on the subject. As for the last year, these flowers began to bloom six days later than the previous year.


"We had a lot of hot days in March," an official at the Japan Meteorological Agency told television cameras in Tokyo on Tuesday, trying to explain the early start of the season.


"Climate change may also have played a role," he added.


The agency had pointed out in 2021 that this phenomenon is linked to the upward trend in temperatures.


The Covid-19 pandemic partially spoiled the joy of the "Hanami" season between 2020 and 2022, after the Japanese authorities advised against participating in festive gatherings during this period, even outdoors.


Thus, the 2023 celebrations in Japan will be the first unrestricted cherry blossom season since 2019. It will also be the first in four years that is open to foreign tourists to whom Japan closed its doors between 2020 and 2022 due to the health crisis.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

China keeps its central bank governor in office in an unexpected move

أبقت الصين الأحد محافظ مصرفها المركزي بمنصبه، في خطوة مفاجئة جاءت وسط وضع اقتصادي غير مؤات تواجهه البلاد.


وخلال اجتماع له، أبقى البرلمان الصيني يي غانغ محافظا لبنك الشعب الصيني، خلافا لتوقعات بأن يترك يي الذي بلغ سن التقاعد منصبه.


وأبقت الصين أيضا مسؤولين اقتصاديين كبار آخرين في مناصبهم، بمن فيهم وانغ وينتاو الذي سيظل وزيرا للتجارة وليو كون الذي سيبقى وزيرا للمال.


تعمل الحكومة على تنشيط الاقتصاد الصيني الذي نما بنسبة 3% فقط العام الماضي، وهو أداء يُعدّ من الأضعف له منذ عقود.


وعين الرئيس شي جينبينغ حلفاء له في حكومته الجديدة، بينهم دينغ شويشيانغ وهي لايفنغ.
واختير لي تشيانغ الذي يعد أحد المقربين جدا من شي السبت لرئاسة الوزراء غداة فوز الرئيس الصيني بولاية ثالثة.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Chinese intelligent manufacturing products drive consumption in Middle Eastern countries

Relations between China and Middle Eastern countries have been witnessing sound and stable development for a long time. China is pursuing innovation-driven development and strengthening cooperation with Middle Eastern countries in high-tech fields such as digital economy, artificial intelligence, nanotechnology and quantum computers, providing more new opportunities for the region.


In recent years, distinguished Chinese companies in the manufacturing sector have pushed the development of the sector to become more advanced, intelligent and environmentally friendly, which has helped Chinese-branded smart manufacturing products meet the needs of consumers in Middle Eastern countries, and these products have successfully spread to the local consumer market in the region. .


Since Haier smart home's entry into the Middle East and Africa in 1998, the company has been innovating and developing more diversified products that suit the needs of local users based on local customs and practices in the region, such as large-sized drum washing machines and air conditioners suitable for the tropics.


Li Da Peng, regional manager of Haier smart home in the Middle East and Africa, said that the climate in the region always affects the service life of some household electrical appliances. Taking air conditioners as an example, ordinary air conditioners are not resistant to corrosion, so the outdoor units of air conditioners are often rusty, and the service life of their indoor units is also short. He explained that in order to solve this problem, the company developed corrosion-resistant air conditioners, which not only solved the corrosion problem, but also extended the operational life of air conditioners in the region as well.


Li stated that in order to ensure stable cooling in the extremely hot environment, the company also devised a special refrigeration technology to ensure that the cooling capacity of the air conditioners does not decrease under the high temperature, noting that through the radiator and the patented structural design, it effectively dissipates Heat in the outdoor unit, ensuring that the air conditioners do not malfunction when cooling at a high temperature, and achieving continuous and stable cooling for users in the Middle East.


With more consumers in the Middle East countries paying more attention to the TV viewing experience, the Chinese Hisense Group is focusing on producing advanced and large-sized TV screens in the region's markets.


Ou Yang, general manager of the Middle East and Africa region at Hisense International Marketing Company, said that based on the needs of local consumers for large screens with high image quality, Hisense launched high-quality products such as laser screens, and the company also seeks to continue improving its TV screens in terms of contrast and gradation. color and high refresh rate, adding that since 2018, the sales volume of Hisense TV screens has been ranked among the top three in the Qatari market.


Or stressed that Hisense TV screens are selling well in the Middle East market, which indicates that Chinese-branded products are gaining the trust of consumers in the region through upgrading manufacturing, noting that the company adheres to the principle of "putting customers first" and always insists on Providing consumers with high-quality digital products and advanced digital technology, which enables the company to maintain continuous growth in the Middle East market.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Saudi Aramco announces an increase in its profits by 46 percent in 2022

The Saudi Aramco oil group announced on Sunday that its net profits increased by 46.4 percent in 2022 compared to 2021, which indicates the impact of the rise in oil prices after the Russian invasion of Ukraine on stimulating growth in the largest oil-exporting country in the world.


The giant group said in a statement published on the Saudi Stock Exchange (Tadawul) website that its net income reached 604.01 billion Saudi riyals ($161.07 billion) in 2021, compared to 412.4 billion Saudi riyals ($110 billion) in 2021.


She pointed out that "this increase mostly reflects the impact of higher crude oil prices and the quantities sold, and the strong increase in profit margins from the refining business."


Aramco's results correspond with the record profits for the year 2022 recorded by the five major oil companies, "Shell", "Chevron", "Exxon Mobil", "BP" and "Total Energy", which exceeded $ 150 billion and would have approached $ 200 billion had it not been for Costly withdrawals from Russia.


It also boosted Saudi Arabia's overall economic growth, which its officials estimate will reach 8.7% in 2022, the highest growth rate in the G20 countries.


Energy prices are expected to remain high in 2023. This is partly due to the decision to cut production approved by the Organization of the Petroleum Exporting Countries (OPEC) led by Riyadh and its ten partners in the "OPEC Plus" alliance headed by Moscow last October, in a move criticized by Washington strongly.


Over the past few years, Aramco facilities have been subjected to attacks by drones and missiles claimed by the Iran-backed Houthi rebels, the most recent and severe of which was about a year ago.


However, a surprising agreement announced Friday between Riyadh and Tehran to resume diplomatic relations severed between them since 2016 may reduce these risks in the coming months.


Saudi Arabia is pursuing policies of social openness and others aimed at diversifying its oil-dependent economy, especially since Prince Mohammed bin Salman came to power in 2017. It spends lavishly to invest in the tourism, entertainment and sports sectors.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

K-pop giant Hype turns a blind eye to acquiring rival SM

HYBE , the company that manages the business of the famous K-pop youth group BTS, announced Sunday that it has given up on acquiring its competitor, SM Entertainment, ending a weeks-long battle over the company's management rights.


"In light of recent developments, Hype has discussed (...) these matters with Kakao and has reached an agreement to suspend the process of obtaining the rights to manage SM," Hype said in a statement.


Hype is competing with South Korean internet giant Kakao after it bought about 15 percent of SM from its founder Lee Soo-man last month, more than doubling the company's stock value in a month.


Hype explained its decision by the fact that the price of the acquisition of "SM" exceeded the fair range of the purchase price.


And "Hype" reported that the two companies "agreed in parallel to cooperate on issues related to their platforms."


SM expressed its relief with the decision and thanked the contributors, fans, staff and artists for their support "throughout the unexpectedly turbulent situation in recent weeks."


The company was founded by Lee Soo-man, who is considered the "father of K-pop" for being behind the launch of the first generation of artists.


But signs of a power struggle emerged when the co-CEOs of SM, including Lee Sung-Su, the founder's nephew, announced new plans for the company that excluded his uncle, prompting the latter to sell his shares to Hype.


This made Hype the majority shareholder in SM Entertainment. SM management considered this acquisition hostile and would put Hype in a monopolistic position, causing damage to the K-Pop industry, which has huge potential.


In an effort to regain control, SM sought the help of the South Korean company, Cocoa.


The technology group owns the most popular messaging apps in the country and was looking to buy a majority stake in the company to prevent Hype from taking over.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

At a cost of about 3 million shekels.. "Jerusalem Electricity" is installing more electrical transformers in its concession areas

During the past 24 hours , the Jerusalem Electricity Company crews succeeded in installing new transformers at the Jarad station, south of Bethlehem, with a capacity of 15 megawatts, and at the 'Ararat' station in the city of Beit Sahour, with a capacity of 10 megawatts, as a replacement for the old transformers, which had a lower capacity.


The company stated in a statement issued today, Sunday, that the installation of new transformers with a higher capacity aims to strengthen the feeder networks and increase the stability of the electric current, especially with urban development and the natural increase in the number of subscribers. These development projects also aim to confront the growth of loads in the near future.


The company thanked everyone who facilitated the work of its crews before and during the installation of the transformers, led by the Bethlehem Police Directorate, represented by its director, Brigadier General Thabet Al-Saadi and his deputy, Brigadier General Ibrahim Al-Absi, and the traffic police who organized the movement during the installation of the transformer of the 'Ararat' station in the city of Beit Sahour, and worked to close Roads leading to the site in order to preserve the safety of citizens and facilitate the work of the company's crews.


It is worth mentioning that the cost of the aforementioned projects amounted to about 3 million shekels, and it is part of the company's five-year plan 2020-2024, which aims to enable and develop infrastructure in all its concession areas, which the company's board of directors is closely following up on.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

The start of trading in the shares of the UAE “ADNOC Gas” company on the Abu Dhabi Stock Exchange

Trading in the shares of the natural gas unit recently established by the Emirati company ADNOC begins on the Abu Dhabi Stock Exchange, after an initial public offering of $ 2.5 billion aimed at benefiting from the high global demand for gas.


The subscription to the offering of the "ADNOC Gas" company witnessed a great turnout from investors, even after raising the volume of the subscription from 4 to 5 percent of the company's shares, in response to strong demand.


The volume of the offering amounted to about 2.5 billion dollars, after setting the final share price at 2.37 dirhams (0.645 dollars), and the market value of the company amounted to about 50 billion dollars.


The IPO of ADNOC Gas will be the largest initial public offering in the world so far in 2023, and the largest ever listing on the Abu Dhabi Stock Exchange.


With the subscription exceeding the target value by fifty times, the demand for the public offering of ADNOC has become the largest in the Middle East and North Africa, surpassing the world record set by Saudi Aramco three years ago of $ 29.4 billion.


The first public offering, organized by ADNOC, came quickly in the wake of the rush to search for alternative gas resources after the Russian invasion of Ukraine, and also with the countries' search for cleaner energy sources to confront the climate change crisis.


Energy expert Rudi Baroudi, who heads Qatar-based Energy and Environment Holding Company, expected demand to increase with the start of trading in shares.


"There is every reason to expect that the massive oversubscription that we have seen will continue to generate strong interest when the shares go public," he told AFP.


ADNOC, which generates the largest revenue for the UAE treasury, retained a 90 percent stake in its new subsidiary, which was formed from its previous units to process liquefied natural gas.


Gas is described as environmentally cleaner than other fossil fuels, with many countries in the world seeking to reduce their emissions.


Baroudi considered that LNG is "the most important transitional fuel while giving up hydrocarbons."


And in 2021, the UAE produced approximately 57 billion cubic meters of natural gas, or 1.4 percent of global production, according to BP statistics.


In the same year, the UAE exported about 8.8 billion cubic meters of liquefied natural gas, representing about 1.7 percent of the volume of global exports, according to the British International Energy Company.


"With the acceleration of global efforts to combat climate change, the role of natural gas in general (...) is widely expected to grow," Baroudi said.


He added, "ADNOC has a good reputation, so it was expected that the public offering in ADNOC Gas would attract strong interest."


The ADNOC Gas IPO could be the start of another series of IPOs in Abu Dhabi this year.


It is expected that at least eight companies in the fields of technology, asset management and renewable medicine will follow in the footsteps of ADNOC, according to what Bloomberg quoted Sameh Al Qubaisi, Director General of Economic Affairs at the Department of Economic Development in Abu Dhabi.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Iran: Oil exports are at their highest level since the US reimposed sanctions in 2018

Iran's Oil Minister Javad Ochi said on Sunday that the country's crude oil exports have reached their highest levels since the re-imposition of US sanctions in 2018, the official IRNA news agency reported.


Oji stated that Iran's exports of crude oil increased by 83 million barrels since the beginning of the current Iranian calendar year, which started from March 21, 2022, to February 19, 2023, compared to the same period from 2021 to 2022.


He added that it also showed an increase of 190 million barrels compared to the same period from 2020 to 2021, without disclosing the exact figures for Iran's total exports of crude oil.


The Iranian oil minister said that the country's gas exports witnessed a year-on-year rise of 15 percent in the current Iranian calendar year, noting that Iran has achieved 6.5 billion US dollars of its liquefied petroleum gas exports since March 2022.


In May 2018, the United States tightened its sanctions on Iran, mainly targeting the country's oil exports and banking sector, after it unilaterally withdrew from the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action.


Talks on reviving the JCPOA began in April 2021 in Vienna. No breakthrough has been achieved after the latest round of talks in early August 2022.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

ADNOC Gas shares rise by 25% after the start of trading

Shares of " ADNOC Gas " rose by 25%, minutes after the start of trading on the Abu Dhabi Stock Exchange on Monday.


The share price of ADNOC rose to 2.96 dirhams ($0.80) from its set price of 2.37 dirhams ($0.645), in the offering, which amounted to about $2.5 billion.


The IPO of ADNOC Gas will be the largest initial public offering in the world so far in 2023, and the largest ever listing on the Abu Dhabi Stock Exchange.


With the subscription exceeding the target value by fifty times, the demand for the public offering of ADNOC has become the largest in the Middle East and North Africa, surpassing the world record set by Saudi Aramco three years ago of $ 29.4 billion.


The first public offering, organized by ADNOC, came quickly in the wake of the rush to search for alternative gas resources after the Russian invasion of Ukraine, and also with the countries' search for cleaner energy sources to confront the climate change crisis.


ADNOC, which generates the largest revenue for the UAE treasury, retained a 90 percent stake in its new subsidiary, which was formed from its previous units to process liquefied natural gas.


Gas is described as environmentally cleaner than other fossil fuels, with many countries in the world seeking to reduce their emissions.


And energy expert Rudy Baroudi considered that liquefied natural gas is "the most important transitional fuel while the hydrocarbons are abandoned."


And in 2021, the UAE produced approximately 57 billion cubic meters of natural gas, or 1.4 percent of global production, according to BP statistics.


In the same year, the UAE exported about 8.8 billion cubic meters of liquefied natural gas, representing about 1.7 percent of the volume of global exports, according to the British International Energy Company.


"With the acceleration of global efforts to combat climate change, the role of natural gas in general (...) is widely expected to grow," Baroudi said.


He added, "ADNOC has a good reputation, so it was expected that the public offering in ADNOC Gas would attract strong interest."


The ADNOC Gas IPO could be the start of another series of IPOs in Abu Dhabi this year.


It is expected that at least eight companies in the fields of technology, asset management and renewable medicine will follow in the footsteps of ADNOC, according to Bloomberg quoted Sameh Al Qubaisi, Director General of Economic Affairs at the Department of Economic Development in Abu Dhabi.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

A sharp decline in European stock exchanges and banks

واصلت البورصات الأوروبية تراجعها الإثنين مسجلة أسوأ جلسة في السنة على وقع المخاوف من انتشار العدوى إلى القطاع المصرفي بعد إفلاس مصرفين أميركيين.


وبدأت المداولات في البورصات الأوروبية بصورة شبه مستقرة بعد إعلان تدابير استثنائية في الأسواق الأميركية لكنها هبطت بعد ذلك وبلغ التراجع قرابة الساعة 9,50 ت غ 2,33% في باريس و2,41% في فرانكفورت بعدما خسرت أكثر من 3%، و2,01% في لندن.


كذلك واصلت المصارف الأوروبية تراجعها الإثنين ولا سيما المصارف التي تعتبر أقل متانة من غيرها، فخسر مصرف كريدي سويس 9,90% مسجلا أدنى مستوياته التاريخية فيما خسر كومرتسبنك 12% وبي إن بي باريبا 5,29% وسوسييتي جنرال 5%.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

HSBC buys the British branch of Silicon Valley Bank for one pound sterling

HSBC bought the British branch of the American Silicon Valley Bank for a symbolic amount of one pound ($ 1.2) as part of an agreement to rescue it, according to what the government and HSBC announced on Monday.


The sale, which was supervised by the Bank of England and the Treasury, comes after the collapse of Silicon Valley Bank on Friday, causing panic in Britain about its main customers in the technology and life sciences sectors.


"Today, United Silicon Valley Bank has been sold to HSBC," the government said in a statement, after talks reportedly led by Prime Minister Rishi Sunak.


"The Bank of England facilitated this financial transaction in consultation with the Treasury," she added.


British Finance Minister Jeremy Hunt indicated that no government funds were used in the operation, while all customer deposits were protected.


He stressed that this agreement "guarantees the protection of customers' deposits and that they can conduct their banking transactions as usual, without the support of taxpayers."


"I am satisfied that we have reached a solution in such a short period of time," he added.


On Sunday, Hunt warned of a "serious" risk to technology and life sciences companies doing business with Silicon Valley's bank.


HSBC agreed to pay one pound for the purchase, the bank said in a separate statement Monday.


The Asia-focused lender said Silicon Valley's UK subsidiary had loans of around £5.5 billion and deposits of around £6.7 billion.


HSBC chief executive Noel Cowen said, "This acquisition makes perfect strategic sense for our UK business."


The agreement excluded the assets and liabilities of the parent companies of Silicon Valley Bank's UK branch, while HSBC expects to gain from the acquisition.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

The shares of the American First Republic Bank fell by more than 65%

The share price of the American First Republic Bank fell Monday, by more than 65%, with the start of trading on Wall Street, which led to a decline in shares of other banks at a time when US regional banks face pressure.


Other regional banks fell, including Western Alliance Bancorp and Zionis Bank Corporation.


After about 20 minutes of trading, the Dow Jones Industrial Average rose slightly after falling by 0.7% at the beginning of the session.


However, the Standard & Poor's 500 index remained down by 0.4%, while the Nasdaq index lost 0.3%.


This came despite the US financial authorities' announcement on Sunday of a bailout plan to guarantee the deposits of Silicon Valley Bank customers.


The Federal Reserve also announced that it will provide additional funding to banks to help them meet the needs of depositors.


"Confidence is eroding in the market. We see that clearly with regard to regional banks especially," said Quincy Crosby of LBL Financial, adding that the same phenomenon exists in Europe.


The expert added that the US authorities are trying to boost confidence, but "it does not seem to be working."

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

"Statistics": The consumer price index rose last month

The consumer price index in Palestine during February 2023 increased by 0.90% compared to January 2023.

The Central Bureau of Statistics stated in a statement today, Tuesday, that the main reason for the price increase in Palestine is as a result of the increase in the prices of fresh chicken by 11.84%, the prices of dried vegetables by 11.39%, the prices of eggs by 7.69%, the prices of fresh fruits by 3.57%, and the prices of fresh vegetables by 11.39%. 3.21%, short grain rice prices by 1.43%, and potato prices by 1.35%.

The prices of the following commodities rose to average; Chicken 18 shekels/kg, onions and potatoes 3 shekels/kg each, eggs 20 shekels/2kg, bananas 4 shekels/kg, pomegranates 6 shekels/kg, avocados and green hot peppers 8 shekels/kg each, and eggplant and cucumbers 5 shekels/kg each, and short grain rice 154 shekels/25 kg.

When comparing prices during February 2023 with its counterpart from last year, the data indicates an increase in the consumer price index in Palestine by 4.03% (4.71% in the West Bank, 4.05% in Jerusalem, and 1.87% in the Gaza Strip).

Consumer price index at the level of the Palestinian regions

The consumer price index in the West Bank increased by 0.99% during February 2023 compared to January 2023. This is due to the increase in the prices of fresh chicken by 14.74%, the prices of eggs by 9.95%, the prices of dried vegetables by 9.08%, and the prices of fresh fruits. by 4.07%, the prices of fresh vegetables by 1.60%, and the prices of short grain rice by 1.51%.

The prices of the following commodities increased in the West Bank to average; Chicken 19 shekels/kg, eggs 22 shekels/2kg, onions 4 shekels/kg, bananas and eggplant 5 shekels/kg each, pomegranate and hot green pepper 7 shekels/kg each, avocado 10 shekels/kg, short-grain rice 153 shekels/kg 25 kg.

High cost of living index in the Gaza Strip:

The consumer price index in the Gaza Strip increased by 0.95% during February 2023 compared to January 2023. This is due to the increase in the prices of dried vegetables by 13.92%, the prices of fresh vegetables by 7.53%, the prices of fresh chicken by 5.11%, and the prices of fish. Live, fresh, chilled or frozen by 4.64%, the price of short grain rice by 3.80%, the price of fresh fruits by 3.71%, the price of potatoes by 2.26%, and the price of eggs by 2.20%.

The prices of the following commodities increased in the Gaza Strip, reaching an average of: Onions and potatoes 2 shekels/kg each, garlic 8 shekels/kg, eggplant 4 shekels/kg, cucumber 3 shekels/kg, green hot pepper 10 shekels/kg, chicken 16 shekels/kg, and short-grain rice 155 shekels/25kg.

High cost of living index in Jerusalem:

The consumer price index in Jerusalem increased by 0.32% during February 2023 compared to January 2023, as a result of an increase in the price of potatoes by 37.74%, the price of dried vegetables by 15.71%, the price of eggs by 15.33%, and the price of fresh chicken by 4.60%. The prices of fresh vegetables increased by 3.87%, and the prices of fresh meat increased by 1.61%.

The prices of the following commodities increased in Jerusalem, reaching an average; Potatoes 6 shekels/kg, onions 4 shekels/kg, eggs 32 shekels/2kg, chicken 21 shekels/kg, eggplant 7 shekels/kg, cucumber 8 shekels/kg, green hot pepper 9 shekels/kg, and lamb 94 shekels/kg .

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

The Chinese central bank is injecting more liquidity through reverse repo operations

(Xinhua) The People's Bank of China (the central bank) on Tuesday continued to inject money into the financial system through open market operations.
In a statement posted on its website, the People's Bank said it conducted seven-day reverse buybacks worth 29 billion yuan (about 4.02 billion U.S. dollars) at an interest rate of 2 percent.
The move aims to maintain stable and ample cash liquidity in the banking system, according to the central bank.
Reverse repo operations, known as a "reverse repo", are operations in which the central bank buys securities from commercial banks through bidding, with an agreement to sell them back to them in the future.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

The exchange rate of the Lebanese pound exceeds one hundred thousand against the dollar

(AFP) - The value of the Lebanese currency deteriorated on Tuesday to an unprecedented level, reaching 100,000 against one dollar in the parallel market, according to exchange offices in the country mired in a stifling economic and financial crisis.
This record level was recorded at a time when banks resumed an open-ended strike.
The official exchange rate was set at the level of 15,000 pounds against the dollar last February, compared to 1,507 pounds previously.
This official exchange rate remains six times lower than the actual price of the pound in the parallel market, where the Lebanese currency is traded on Tuesday at 100,000 pounds against the dollar, according to exchange offices.
This coincides with an acute liquidity crisis, and banks stopped providing depositors with their money in dollars.
On Tuesday, the banks resumed an indefinite strike, which they had launched in February, to protest against what the Association of Banks considered "arbitrary" legal measures towards creditors.
Since the summer of 2019, Lebanon has been witnessing an economic crisis that the World Bank ranked among the worst since 1850, and it is considered the worst in Lebanon's history.
In early March, supermarkets began pricing goods in dollars, as a decision by the authorities, in light of the rapid decline in the value of the local currency. It was preceded by months ago, restaurants and stores in a country that imports 90% of its goods.
Food commodity prices have increased dramatically since 2019. According to the World Bank, the inflation rate reached 332% from January 2021 to July 2022, which is the highest in the world.
Political paralysis exacerbates the situation, in light of a presidential vacuum for months, during which the country has been run by a caretaker government that is unable to take necessary decisions, including reforms that the international community requires to provide support in order to stop the bleeding.
Since the end of President Michel Aoun's term at the end of October, the Lebanese parliament has failed 11 times to elect a president due to deep political divisions, as no party has a parliamentary majority that empowers it to deliver a candidate.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Osaily discusses strengthening economic cooperation between Palestine and Lithuania

The Minister of National Economy , Khaled Al-Osaily , discussed with officials in the Republic of Lithuania the promotion and consolidation of economic and trade cooperation relations between the two countries, and the establishment of investment partnerships between the Palestinian private sector and its Lithuanian counterpart.


The minister, who heads a delegation of Palestinian businessmen, discussed, during a meeting today, Tuesday, in the capital, Vilnius, with the Lithuanian Minister of Economy and Innovation, Osrin Armonaiti, ways to develop economic relations, and the possibilities of Lithuanian companies joining the digitization of the public sector in Palestine, and e-government projects and cybersecurity.


The two sides agreed to benefit from Lithuania's experience in the field of information technology and technological financial services, in addition to recycling, especially since it was agreed that Lithuania would join the European team in the field of digitizing Palestine, which would allow its ICT companies to cooperate with their Palestinian counterparts and establish cooperation involved in this field.


During the joint meeting, which was held with the participation of the Ambassador of the State of Palestine to Finland and the Baltic countries, he said that soon experts from the Lithuanian Environmental Projects Management Agency will visit Palestine, during which they will exchange the experience of installing the Lithuanian deposit system.


The two sides stressed the need to take concrete steps to deepen economic cooperation to activate trade exchange between the two countries, and there are opportunities for cooperation between Lithuanian and Palestinian companies in the field of digitization and e-government projects in Palestine, and to benefit from the Lithuanian experience in this field.


Al-Osaili said, "We are happy with this visit, which is an important step in consolidating cooperation relations, and we seek to establish investment partnerships between the two countries that will benefit both of them, and take advantage of the available opportunities, facilities and privileges offered by the government to investors."


In turn, Armonite indicated that Lithuania has extensive experience in establishing business platforms and public services, preparing and implementing national digitization projects, and that her country is ready to establish partnerships with Palestine in many other fields: agriculture, food, furniture, textile production, and information and communication technology.


Osaily also agreed, during his meeting with the Lithuanian Minister of Agriculture, Kostutis Navicas, to cooperate in encouraging the export of Palestinian agricultural products to Lithuania, such as dates, strawberries, and medicinal herbs, in addition to exchanging experiences through the Agricultural Research and Development Center.


Navicas expressed his interest in the procedures for granting licenses to export beef to Palestine and the import requirements, and presented the export potential of the Lithuanian food industry and the high standards of agriculture, pointing out the importance of Lithuanian agricultural products being of importance to the Palestinians.


"We look forward to establishing sustainable contacts for business representatives, which will, in the long run, turn into increased trade flows," he added.

During Osaily's visit, an agreement was signed between the Chamber of Commerce, Industry and Crafts in Vilnius and the Chamber of Commerce and Industry of Bethlehem with the aim of establishing closer cooperation between the two chambers in searching for potential partners, exchanging useful information, marketing services and other fields.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Britain: the unemployment rate is at low levels and inflation affects wages

The unemployment rate remains near record low levels, but wages are falling in real terms, official data showed Tuesday, on the eve of the budget unveiling.


The unemployment rate remained steady at 3.7 percent in the three months to the end of January compared to the three months to the end of December, according to a statement from the National Statistics Office.


Wages excluding incentives rose by 6.5 percent, but fell by 3.5 percent when inflation is taken into account.


"Although the inflation rate has declined somewhat, it still exceeds revenue growth, which means that real wages continue to decline," Darren Morgan, director of economic statistics at the Office for National Statistics, said on Tuesday.


Britain is still witnessing widespread strikes, as workers protest that their wages do not keep pace with rising consumer prices.


The release of the data came a day before Chancellor of the Exchequer Jeremy Hunt is expected to unveil his latest budget, on the impact of a cost-of-living crisis that has sparked strikes across Britain.


Doctors in hospitals began strikes on Monday for a period of three days to protest their wages, at the beginning of a week that will witness other strikes by professors, train employees and civil servants, in a move coinciding with the disclosure of the budget.


The UK's annual inflation rate has eased in recent months but remains above 10 percent, five times higher than the rate set by the Bank of England as a target.


"The job market remains strong, but inflation remains very high," Hunt said in response to Tuesday's data.


"When I announce the budget tomorrow, I will outline how we can move forward to act against inflation, reduce debt and get the economy to grow, including by helping more people get back to work," he added.


UK inflation, although declining, is still close to a four-decade high on the back of soaring energy bills a year after the Russian invasion of Ukraine.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

"Economy": Providing a safe commodity at fair prices is one of the pillars of our work in maintaining food security

The Ministry of National Economy said today, Tuesday, that the availability of a safe and clean commodity at fair prices is one of the pillars of the Ministry's work in maintaining food security, in light of the global crisis of high prices, and its negative repercussions on various countries.


In a statement, on the occasion of the International Day for Consumer Protection , which falls on March 15, the Ministry affirmed that the procedures for developing the consumer protection system in terms of the legislative environment, and government interventions to support commodities during the past year, contributed to curbing the steady rise in commodity prices, as a result of the global crisis. .


And she stressed steps to support food security in terms of completing the completion of the requirements for establishing the wheat silos project, which is in its final stages, and diversifying markets for the supply of commodities and basic needs, in light of the supply chain disturbances, in addition to the control system in controlling and regulating the market.


The Ministry referred to the most prominent shifts in consumer behavior, and reliance on online purchasing and shopping, adding that despite the positivity in the ease of access to the commodity, dozens of complaints based on exploitation and non-conformity with the required specifications were recorded, in addition to reporting complaints by violators, which reinforced control and regulation of the market.


The Ministry touched on its efforts, in cooperation with partners, to promote safe e-commerce, as the first draft of this trade law was completed, in cooperation with the Ministry of Communications and Information Technology, in preparation for presenting it to the Council of Ministers soon, after completing discussion and consultations with all partners working and interested in it.


She referred to the policies and procedures of the Israeli occupation in stealing and piracy of our rights in various fields, especially the policy of controlling and controlling the inputs of the Palestinian economy, limiting the possibility of a strong industrial base that strengthens the pillars of the economy, and effective integration into the economies of countries, in addition to fighting the national product in the various control and piracy departments that it pursues. occupying state.


The Ministry indicated that consumer protection teams seized last year 1,163 tons of expired materials that violated mandatory technical instructions, and 49 tons of settlement products and commodities, and referred 279 violators to the Public Prosecution Office for combating economic crimes, for not adhering to Palestinian laws. The teams also dealt with 2,169 complaints received from citizens. Through the direct number 129, I focused on the high prices of some commodities, and not advertising them on the products displayed in the shops.


The countries of the world celebrate the "International Consumer Rights Day", which was approved by the United Nations in 1985 on the 15th of March of each year.


ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

The Egyptian economy achieved a growth rate of 4.2% during the first half of the current fiscal year

Egypt announced today, Tuesday, that the growth rate of its national economy during the first half of the fiscal year 2022-2023 amounted to 4.2%, down from 9% during the same period of the last fiscal year.


“The growth of the Egyptian economy during the second quarter of the current fiscal year increased by 3.9%, despite the global economic situation and the state of uncertainty imposed by global economic and geopolitical challenges and changes,” according to a statement by the presidency. The government published it on its official Facebook page.


The minister indicated that there is an improvement in the growth rates of a number of economic sectors in the second quarter of the fiscal year 2022-2023 compared to the corresponding quarter of the last fiscal year, noting that the sectors of communication, agriculture, wholesale and retail trade, real estate activities, business services, social services, and construction contributed 80%. in GDP growth.


It indicated that the revenues of the Suez Canal amounted to $2.2 billion in the second quarter of the current fiscal year, with a monthly average of $722 million, compared to about $1.7 billion in the corresponding quarter of the previous fiscal year, with a monthly average of $561 million.


Hala Al-Said attributed the growth of these revenues to the marketing policies pursued by the Suez Canal Authority to attract new shipping lines to cross through the Suez Canal, and some global variables that led to an increase in the savings achieved by the Suez Canal compared to alternative routes in light of the high prices of ship rentals, freight haulers, the rise in oil prices, and the change Map of world trade due to the Russian-Ukrainian crisis.


She noted that the unemployment rates achieved a remarkable decrease to reach 7.2% during the second quarter of the current fiscal year, as the rate of contribution to economic activity increased to reach 42.8% during the aforementioned quarter.


The minister added, "According to preliminary data, the growth rate of the Egyptian economy during the first half of the current fiscal year was estimated at 4.2 percent."


It is noteworthy that the growth rate of the Egyptian economy reached about 9% during the first half of the fiscal year 2021-2022, which is the highest semi-annual growth rate since the beginning of the millennium.


And she added, "Despite the current effects of the Russian-Ukrainian crisis, whose effects are likely to extend over the next year, the Egyptian economy is expected to grow by about 4.2% by the end of the fiscal year 2022-2023."


The Egyptian government had aimed to achieve a growth rate of 5.7% during the current fiscal year, before lowering its forecasts to 5.5% due to the Russian-Ukrainian crisis.


Economist Dr. Walid Gaballah commented on the decline in the growth rate of the Egyptian economy from 9% during the first half of the year 2021-2022 to 4.2% during the same half of 2022-2023, saying that the recent growth rate is "an expected rate that revolves around the expectations of many institutions." International, especially with the Egyptian government maintaining the rate of government investments determined in the state's general budget.


Gaballah, a member of the Egyptian Society for Political Economy, told Xinhua that "the state is still following measures to stimulate growth through government investments, in addition to the fact that the Egyptian economy has what drives it to achieve a growth rate in connection with the nature of the economy itself."


He continued, "The Egyptian economy has already succeeded in achieving a growth rate of 9% during the first half of the year 2021-2022, after it recovered from the repercussions of the Corona virus crisis, and it was expected to continue achieving high growth rates, but with the outbreak of the Russian-Ukrainian crisis, growth rates declined significantly." Especially since there were difficulties facing the Egyptian government to take measures to stimulate growth, especially after it pumped a lot of spending in order to absorb the repercussions of Corona.


And the Egyptian expert added, "The Egyptian economy is still suffering from the repercussions of the Russian-Ukrainian crisis, and its growth rates are still less than the target, and if it achieves a growth rate of 4.2% by the end of the year 2022-2023, this rate, although it is less than the previous targets, is considered a good rate and success." Significant in light of the continuation of the Russian-Ukrainian crisis, which put the Egyptian economy under great pressure and the Egyptian government's austerity measures to control public spending.


Among the negative repercussions of the Russian-Ukrainian crisis, which faced the Egyptian economy, were the high inflation rates in Egypt's trading partner countries, the problem of supply chains, and the raising of interest rates by the US Federal Reserve, which created great challenges for the Egyptian economy, according to Gaballah.

ECONOMY

Wed 15 Mar 2023 5:53 am - Jerusalem Time

Oil prices drop to the lowest level in 4 months and the market fears deflation

Oil prices closed sharply lower on Tuesday, to their lowest level in four months, while the market worries about a possible recession after tightening monetary policy that resulted in the first turmoil in the US banking sector.


The price of a barrel of Brent crude from the North Sea for May delivery fell 4.11%, to close at $77.45. The price of a barrel of US West Texas Intermediate oil, due in April, decreased by 4.63% to $71.33.


In after-hours electronic trading, the market's two oil benchmarks continued to decline, with Brent dropping below $77 and WTI below $71 for the first time since early December.


"This banking crisis is reinforcing the fear of a recession," commented John Kilduff of Again Capital, referring to the bankruptcy of three US institutions in the space of a few days.


Despite some stability on Wall Street on Tuesday and the emergency measures taken by the US authorities on Sunday to guarantee deposits, he said that what happened "affects investor confidence" in the financial system and "in the economy in general ... This does not bode well for the demand for oil." .


"Other than gold, the entire commodities sector seems to think we're heading into a recession," said Bill O'Grady of Confluence Investments.


"Most conventional indicators say so," he added, noting in particular the evolution of bond prices, which are higher in the short term than in the long term in several months, a phenomenon that almost systematically predates a recession.


Bill O'Grady believed that the market had so far been holding on to the possibility of a rebound in Chinese demand, to the extent of underestimating short-term fundamentals, namely ample supply and weak US or even European consumption of refined products.


This has led to an increase in prices since the beginning of the year, within narrow margins.


"It looks like we've broken out" of that range, he said, and "when we cross a technical threshold (with a downward trend), that often leads to additional selling" and accelerates the drop, which is what happened at the end of the session on Tuesday.


Analyst Helima Croft at RBC pointed to the possibility of intervention by the Organization of the Petroleum Exporting Countries (OPEC) if prices continue to decline.


But the organization updated its forecast for 2023 on Tuesday and maintained its estimate for an increase in demand of 2.3 million barrels per day.

SPORT

Wed 15 Mar 2023 5:52 am - Jerusalem Time

"Shabab Al-Nabi Elias" loses its third match in the first West Asian Volleyball Championship

The “Shabab Al-Nabi Elias” club lost, on Saturday, to the Jordanian “Shabab Al-Hussein” club, by three runs to none, in its third match in the second group of the first West Asian Club Volleyball Championship, which is hosted by the Jordanian Volleyball Federation, at Qasr Hall. Sports in Al-Hussein Youth City in the capital, Amman.

The “Shabab of the Prophet Elias” entered the match in search of victory, after losing in the previous two matches against the Iraqi “Gas South” and the Bahraini “Dar Kulaib”. Despite the team's improvement, it lost the first half 25-20, and the second half 25-16. , and the third period 25-20.

The Palestinian volleyball representative was unable to win any set in the three matches he played in the tournament so far.

The "Shabab Al-Nabi Elias" club had lost its first match, against the Bahraini "Dar Kulaib" team, by three runs to none. The results of the runs were: (25-5), (25-14), and (25-8). He also lost his second match against "Gas of the South" by three runs to none as well, as the three rounds ended with the same score (25-7). He will conclude his matches in the preliminary league of the championship, next Monday, with the Qatari “Al-Rayyan” match.

The top five players in the tournament qualify for the AFC Club Championship finals, knowing that the top four players from each group qualify for the second round.

SPORT

Wed 15 Mar 2023 5:52 am - Jerusalem Time

The Football Association concludes the specialized football training course and postpones the table league, and the Volleyball Association announces the Premier League schedule



The Football Association in Gaza concluded the specialized training course for the category of coaches, which included field exercises and a specialized workshop, which was led by the coach and football expert Abdel Nasser Barakat, Director of the Technical Department in the Football Association, with the participation of the Asian lecturer Mahmoud Zaqout, the coach Imad Hashem, the coach of the former beach team, and Saeb Talal Jundia A member of the National Teams Committee and captain of the first national team, Shehdeh Ahmed Haboush, a member of the National Teams Committee, and a number of coaches, including Humaidan Barbakh, the technical director of the Khan Yunis Union, Ammar Abu Salisel, Bilal Tamraz, the Nusseirat Services coach, and Jamal Al-Houli, the former coach of Shabab Rafah.

The trainings, which continued over the past week, included practical applications for coaches, and workshops for working coaches and coaches of age-group clubs, in the hall of the Supreme Council for Youth and Sports, and were also followed by coaches of football schools in academies, with the aim of refining the coaches' performance and developing their capabilities. Barakat's visit to Gaza included the conclusion of a workshop for the age groups, during which three-dimensional teaching videos were presented inside the stadiums showing the positions of the players inside the green field, the duties of each player above his established lines, achieving communication between all lines, leading attacks and confronting counterattacks, and field application in the presence of players in the Gaza teams and clubs. Where the participants were divided into teams and launched attacks to take advantage of the training experiences, and to stand at the gaps in which the players fall.

Postponement of the first-class championship

The Palestinian Table Tennis Federation has postponed the launch of the first-division tournament for Gaza Strip clubs for the 2022-2023 season, to Tuesday 14/3, at the Hall of the Prisoner and Martyr Hassan Salameh at the headquarters of the game association, which will also bear the name of the late athlete Saeed Nassar. Under the auspices of the Supreme Council for Youth and Sports, the federation demanded that clubs pay the subscription fees. The federation decided to draw the championship draw on Sunday at 3:30 in the same hall. Adeeb Abu Ghazal, the tournament director, said that he will adopt the classification of the federation’s last championship, and the two highest clubs on the ranking table will advance to the Premier Division, and the last two clubs on the ladder of the list ranking will fall to the second degree, and the international law of the game and its amendments will be applied in everything that is not stipulated in the regulation. The federation decided to hold the final celebration after the tournament, and stated that the first-place winner will receive the championship cup and gold medals, and the second-place runner-up will receive silver medals. On a single point, not allowing any club to participate in the tournament with financial dues, and using a white “stage 3-star” ball.

Abu Ghazal called for all sports teams to abide by the sports uniform according to the law.

A tribute to the role of the police in the final

Abdul Salam Haniyeh, Assistant Secretary-General of the Supreme Council for Youth and Sports, praised the great efforts made by the Palestinian police in securing the Yarmouk Municipal Stadium in the Al-Shati’ and Namaa match, and thanked the police leadership for its plan to maintain order and ensure the conduct of the match with the presence of 15,000 fans, above the stands and outside the stadium. . He saluted the masses who crawled to encourage them, and blessed the beach administration, players and fans for a quick return to excellence, and the happiness of the fans who expressed their joy inside and outside the stadium, all the way to the alleys of the beach camp. He praised Namaa Club, which played a strong match with its large fans behind it, after a distinguished season for the team and the brilliance of its players, wishing Namaa success in the next season.

Announcement of the volleyball league schedule

Yesterday, Saturday, the Palestinian Volleyball Association announced the schedule of the Premier League matches, and the league matches will open next Tuesday, which will all be held at the Saad Sail Hall in the Palestine Sports Complex, with the Friendship match, the defending champion, the winner of the Super Cup for the year 2023 and Al-Wahda, while the runner-up will meet – Jabalia Dignity Services, and on Thursday the Nama Association and the Police Union will meet, and the Nuseirat Services and Jabalia Youth Services will meet, and the championship will continue on the nineteenth Sunday of this month, and the Friendship Gaza Sports Club will meet, while the Jabalia Services will meet Rafah Services, and on Tuesday the twenty-first of this month it will meet the winner of the Namaa match And the police union with the Palestinian Crescent, while the winner of the match between Khadamat al-Nuseirat and Shabab Jabalia will meet Al-Wefaq Club. The Competitions Committee decided to launch the final qualifying round later this month.

Adjustments in the basketball league

The Competitions Committee of the Palestinian Basketball Association made adjustments to the matches of the Premier League for basketball, which is being held under the auspices of Jawwal with the start of the eighth round. The two champions, Khadamat Al-Bureij – the defending champion, and Khadamat Rafah, the second-place holder, will meet at the hall of the late behind the wheel in Al-Bureij refugee camp. Meanwhile, the youth of Al-Bureij – the third place holder – will meet Khadamat Deir Al-Balah, who will follow him in fourth place on the late Al-Ajlah. On Wednesday, the YMCA and the youth of Al-Bureij will meet at Saad Sail Hall in Gaza City, and they will meet the services of Rafah and the Deir Al-Balah Center at the Abu Yusef Al-Najjar Hall. Al-Bureij YMCA is on the lounge behind the wheel.

The conclusion of the veterans' tour

The delegation of the veterans of the beautiful time from the Gaza Strip, which includes 20 players, concluded a sports tour that it conducted in the city of Aqaba in the Hashemite Kingdom of Jordan. The joint team held a number of matches with the old national team of Aqaba, Irbid and others, and met a number of Jordanian veterans stars, businessmen in Jordan, dignitaries, sheikhs and legal personalities.

SPORT

Wed 15 Mar 2023 5:52 am - Jerusalem Time

German Championship: Bayern takes advantage of Dortmund's stumbling in the Ruhr derby and takes the lead

(AFP) - Bayern Munich took the lead when it honored its guest, Augsburg, by defeating it 5-3, taking advantage of the stumbling of his former partner, rival Borussia Dortmund, in the Ruhr derby in front of its host, Schalke 04, 2-2, on Saturday, in the twenty-fourth stage of the German Football Championship .
In the first match at the “Allianz Arena” in Munich, the Bavarian club overturned its failure with an early goal by Mirjim Berisha (3) to win five, including a four-way in half an hour, which was scored by Portuguese Joao Cancelo (15), French Benjamin Pavard (19 and 35) and Leroy Sanneh (19 and 35). 45).
The guests narrowed the difference at the beginning of the second half through Berisha from a penalty kick (60), but Canadian Alfonso Davis restored it to its previous state by scoring the fifth goal (74), before Frenchman Irfan Cardona scored the third goal for Augsburg in the third minute of stoppage time.
It is the third successive victory for Bayern Munich and the fifteenth this season, raising its tally to 52 points and ending the lead partnership by two points against rivals Borussia Dortmund.
Bayern coach Julian Nagelsmann praised his team's "important reaction" after the early setback, but lamented "taking our foot off the pedal at the end" of the match.
Nagelsmann preferred to keep captain Thomas Muller, French Kingsley Coman, Leon Goritska and Croatian Josip Stanisic on the bench and give Senegalese Sadio Mane, Leroy Sanneh, Serge Gnabry and Portuguese defender Joao Cancelo to start.
Cameroonian top scorer Eric Maxim Choupo-Moting was sidelined with a back injury.
Augsburg was the first to score, specifically in the third minute, through Berisha with a left-footed shot from inside the area.
But Bayern responded strongly and with a hat-trick in 20 minutes, through Cancelo with a powerful right-footed shot that hit the far left corner after a pass from Sanneh (15) and Bavar with a right-handed shot from close range following a pass from Mane (19) and with a right-handed shot from close range also, taking advantage of a header by Dutch giants Matthijs de Licht from a defender (35).
Sanneh reinforced the fourth goal with a header from close range, taking advantage of a rebound from one of the defenders, after a shot from close range by Mane (45).
Augsburg scored a penalty kick at the beginning of the second half, which Berisha successfully set up, narrowing the gap (60).
But Davis restored it to its previous state by scoring the fifth goal when he received a cross ball inside the area from Cancelo, who followed it from close range into the goal (74).
Davis left his place in the 78th minute for Moroccan international defender Naseer Mazraoui, in his first appearance since his return from his country's historic participation in the World Cup in Qatar, when he reached the semi-finals and finished in fourth place, after being exempt from symptoms of infection with the Covid-19 virus.
Augsburg scored his third goal via Cardona with a shot from close range (90 + 3).
In the second match at the "Viltens Arena" in Gelsenkirchen, Borussia Dortmund lost its lead twice and failed to win for the second time in a row.
International defender Nico Schloterbeck gave Dortmund the lead in the 38th minute, but Marius Balter equalized early in the second half, before Portuguese international defender Rafael Guerrero restored the visitors' lead after 10 minutes, but Turkish substitute Kenan Karaman equalized after nine minutes.
The disappointing draw for Dortmund came four days after its exit from the final price of the Champions League by losing 0-2 to its English host Chelsea, and thus its series of successive victories stopped at the beginning of the new year at 10 matches in all competitions, including eight in the Bundesliga.
On the other hand, Schalke continued its recent recovery and kept its record without loss for the seventh time in a row, and got rid of the last place, as it became seventeenth with 20 points, with a goal difference behind the sixteenth Stuttgart, one point behind the fifteenth Hertha Berlin, and the last survivor of relegation to the second degree.

And Leipzig regained its balance in a timely manner, with a great victory over its guest Borussia Monchengladbach 3-0, and its rise to third place temporarily.
Borussia Mönchengladbach paid dearly for missing a penalty kick at the beginning of the second half (53), and conceded three goals that were scored by Timo Werner (57), Swede Emil Vosberg (71 from a penalty kick) and Croatian Josko Gvardiol (80).
Leipzig made up for its loss against Borussia Dortmund 1-2 in the last stage and achieved its thirteenth victory this season, raising its score to 45 points, one point ahead of Union Berlin, who is a guest at Wolfsburg on Sunday.
And Leipzig achieved its victory before its trip to England to face Manchester City on Tuesday in the second leg of the Champions League final (1-1).
Hertha Berlin tied with Mainz with a goal by Lesic Ngankam (18 from the penalty spot) against a goal by French Ludvik Ajork (57), and Eintracht Frankfurt with Stuttgart with a goal by Sebastian Rode (55) against a goal by Democratic Congolese Silas (75).

SPORT

Wed 15 Mar 2023 5:52 am - Jerusalem Time

Italian Championship: Kvaratskhelia leads Napoli to restore the winning streak, 18 points ahead of Inter

(AFP) - Georgian midfielder Khvica Kvaratskhelia led his team, Napoli, to restore the winning streak and the 18-point difference from his direct chaser, Inter Milan, with his contribution to the victory over his guest, Atalanta Bergamo, 2-0, on Saturday, at the “Diego Armando Maradona” stadium in Naples in the sixth stage. twenty of the Italian Football League .
Kvaratskhelia opened the scoring with a wonderful goal in the 60th minute, and Kosovar defender Amir Rahmani (77) added the second goal.
And Napoli, seeking the third title in its history and the first since 1990, compensated for its second loss this season in the league and the first at home when it fell to Lazio 0-1 in the last stage when its series of successive victories in Calcio stopped at eight, so it achieved its 22nd victory, consolidating its position in the lead. With 68 points, and regaining the 18-point difference in front of its direct chaser Inter Milan, who lost to its host Spezia 1-2 on Friday in the opening stage.
The southern team, which came very close to winning the league title, also confirmed its good readiness for the historic confrontation against its German guest, Eintracht Frankfurt, next Wednesday, in the second leg of the Champions League final, as it seeks to reserve its ticket for the first time since its establishment to the quarter-finals, after it had won a clean double in the first leg. Frankfurt.
"When you come to Napoli, you make history," said coach Luciano Spalletti. "What people want, a team feeling that can turn into pressure. You need to have imagination and believe in your ability to win."
For his part, Rahmani said, "We are having fun, we are playing well even if we find it difficult at the beginning of the match because Atalanta is a good team," adding, "Of course we say it is normal, we are in a position where you can see with our fans how much they feel about it."
Napoli had the advantage from the start and pressed hard on its guest's goal in search of shaking his net, but he collided with a vigilant goalkeeper, Argentine Juan Musso, who shone brilliantly in keeping his net clean.
Musso blocked a powerful shot by Matteo Politano from outside the area and pushed it to a corner (6), then another shot by Kfaratskhelia (28), and a third by Politano from close range (42).
Musso continued his brilliance in the second half and blocked an acrobatic shot by Nigerian striker Victor Osimhen, the league's top scorer so far (19 goals), from close range (49).
Kvaratkhilia tried his luck with a powerful shot from outside the area next to the right post (56).
Osimhen almost did it with a header from close range, which passed by a few centimeters near the right post (59).
And Napoli succeeded in translating his advantage into a goal when infidels received a ball from Osimhen outside the area, so he penetrated into it, manipulating three defenders more than once with a wonderful individual effort, before hitting it powerfully from close range into the goal (60).
Kafara raised his tally to 11 goals in his first season in Serie A and 13 in all competitions.
The Colombian international, Luis Morial, almost equalized with a creeping shot from inside the area, which was sent away by goalkeeper Colini to a corner (73). The first citizen, Duvan Sabata, almost exploited it with a header from close range, which was blocked by Coligny (74).
Rahmani succeeded in strengthening Napoli's progress by scoring the second goal with a header, following a corner kick that the North Macedonian substitute, Elif Elmas (77).
Colini continued his brilliance and blocked a powerful shot by Matteo Ruggieri from inside the area (84).
Lazio, who was the dawn of a heavy-caliber surprise in the last stage by defeating Napoli, failed to take advantage of Inter Milan's loss and snatch second place from it by falling into a goalless draw against its guest, Bologna.
Lazio remained third, one point behind Inter Milan, but threatened to drop to fourth place in the event that its neighbor, Roma, beat its guest, Sassuolo, on Sunday, noting that the two poles of the capital will meet on Sunday in a heated derby within the twenty-seventh stage.
The result is disappointing for Lazio, who had hoped to return to the path of victory after losing to its Dutch guest AZ Alkmaar 1-2 last Thursday in the first leg of the final price of the European League competition "Europa League", and before arriving as a guest on the latter in his quest to continue his career in the second continental competition. .
Udinese also regained the winning streak with a valuable 1-0 victory at Empoli, scored by Brazilian Rodrigo Picao in the 54th minute.
It is the first victory for Udinese in its last seven matches (4 draws and two losses) and the eighth this season, so it rose to ninth place temporarily with 35 points, one point behind Turin, who will visit Lecce on Sunday.
On the other hand, Empoli suffered a third consecutive loss and the fourth in his last seven matches in which he did not taste victories and the tenth this season, so his balance froze at 28 points in the fourteenth place.
On Sunday, Verona will also play with Monza, Cremonese with Fiorentina, and Juventus with Sampdoria, with the stage ending on Monday with Milan’s meeting with Salernitana.