Professional Documents
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Omandailyobserver 20240225 1
Omandailyobserver 20240225 1
HM GREETINGS
TO KUWAIT EMIR
His Majesty Sultan Haitham
bin Tarik has sent a cable of
greetings to Shaikh Mishal Al MUSCAT: Dr Madeeha bint Ahmed al Shaibaniyah,
Ahmad Al Jaber al Sabah, Emir
of the State of Kuwait, on the HONOURABLE LADY GREETS Minister of Education, voiced deep thanks and gratitude
to His Majesty Sultan Haitham bin Tarik for the great
occasion of the National Day of
the brotherly State of Kuwait. OMANI TEACHERS attention the education sector has received and for
In his cable, His Majesty designating February 24 each year as an official holiday for
expressed his sincere greetings MUSCAT: Her Highness The Honourable Lady Assayida Ahd the teaching and administrative staff in public and private
to the Emir of Kuwait wishing Abdullah Hamed al Busaidi, Spouse of the Sultan of Oman, on
Saturday congratulated male and female teachers on the schools in recognition of their efforts in performing the
him good health, happiness
and long life and praying to Al- occasion of Omani Teacher’s Day. roles entrusted to them.
lah the Almighty for the return The greetings message reads as follows: “We are pleased to Delivering a speech on the occasion of the Omani
of this occasion while the Emir congratulate teachers, both male and female, in our dear
country on the occasion of the celebration marking Omani
Teacher’s Day, the minister praised the efforts made by
of Kuwait and the brotherly teachers and their devotion in performing their educational
Teacher’s Day, which falls on February 24. We value teachers’
Kuwaiti people have fulfilled
their aspirations for further
central role in the educational process and their abundant mission to raise students in a sound manner and prepare
contribution in grooming future cadres, empowering them with them to contribute to building the comprehensive
progress and prosperity. useful knowledge, sound values and sciences, so that they
could in turn contribute to the service of the nation. development process in this dear country.
“We wish teachers success in accomplishing their important The minister also appreciated the generous
NAVAL DRILL SEA mission. We also extend our deep thanks to the administrative congratulations extended by Her Highness The Honourable
bodies and all personnel operating in the field of education. We
LION UNDER WAY appreciate their tangible efforts in upgrading the education Lady, Spouse of the Sultan of Oman, to the teachers on
system. “We wish that the endeavours of all be crowned with this happy occasion as well as her deep appreciation for the
The naval drill Sea Lion 1/2024, success. Many happy returns of the occasion.” — ONA efforts made by the administrative bodies and all workers
carried out by the Royal Navy of in the educational field. TURN TO P2
Oman (RNO) at the Sea of Oman,
is under way till February 29.
The drill is conducted with the
support of the Royal Air Force of
Oman (RAFO) and the Maritime A TREASURE OF KNOWLEDGE
to bring in rains
the naval zone dedicated to the
drill where a number of events
and applications will take place in
accordance to the plan.
LAKSHMI KOTHANETH
OPINION
@lakshmioman
WEATHER MUSCAT: Max 290 C Min 240 C SALALAH: Max 280 C Min 230 C NIZWA: Max 280 C Min 190 C PRAYER TIMINGS SUNRISE: 06:33 FAJR: 05:17 DHUHR: 12:25 ASR: 15:44 MAGHRIB: 18:12 ISHA: 19:23
oman
2 OMANDAILYOBSERVER
S U N DAY l F E B R U A R Y 2 5 l 2 0 2 4
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Dr Maryam al Nabhani,
Director-General of Private
Colleges and Universities,
at the Ministry of Higher
Education, Research and
Innovation, presided over
the Second National Student
Conference which was aimed
at providing a platform for
undergraduate students
FROM PAGES
TO TREASURES
VINOD NAIR
T
@vinot_nair
The Rural Women Empowerment Programme held a programme to develop the skills of housewives and job-seekers.
QASIM AL MAASHANI The Small and Medium Enterprises empower rural women in the wilayat. She
SALALAH, FEB 24 Development Authority, the Development also emphasised the importance of these
Bank, and the Social Development initiatives in supporting efforts to find
The Rural Women Empowerment Department in Taqah presented work, exploit local resources, and promote
Programme in the Wilayat of Taqah, informative presentations on financial local products.
organised by the Office of the Wali of Taqah, facilities, packaging and canning Al Awaid expressed her gratitude and
concluded on a high note on Thursday techniques, and modern marketing appreciation to the entities supporting
after a successful two-week programme. methods. the programme, including the Oman
This pioneering initiative aimed to develop Welcoming the opportunity to Chamber of Commerce and Industry,
the skills of housewives and job-seekers, participate in the programme, the the Department of Agriculture, Fisheries
and support the exploitation of livestock participants underlined its many benefits and Water Resources in Taqah, the Social
and agricultural resources in the wilayat. in honing their skills and acquiring new Development Department, the Small
The programme witnessed a large knowledge. They also expressed their and Medium Enterprises Development
turnout, with 160 trainees distributed hope for the organisation of more similar Authority, the Development Bank, and
across three training centres. The activities programmes to empower rural women Dhofar Food and Investment Company.
included specialised workshops on cheese and create new job opportunities. The Rural Women Empowerment
making, jam and pickle making, as well as Noor bint Mohammed al Awaid, one Programme in Taqah serves as an example
introductions to the concept of freelance of the organisers at the Wali’s Office, of the efforts made to strengthen the role
work and ongoing agricultural activities in stressed the office’s commitment to of women in society and support their
Taqah. organising sustainable programmes to contribution to economic development.
US opposes ‘reoccupation’
BUENOS AIRES: US Secretary of southern Gaza, and as an Israeli
State Antony Blinken reaffirmed delegation arrived in Paris hoping
Washington’s opposition to any to “unblock” truce discussions.
reoccupation of the Gaza Strip by Netanyahu’s plan envisages
Israel as well as any reduction of civil affairs in a post-war Gaza
the Palestinian territory’s size. being run by Palestinian officials
Blinken’s remarks were in without links to Hamas.
response to a plan for post-war It also lays out that, even
Gaza put forward by Israeli Prime after the war, the Israeli army
Minister Benjamin Netanyahu, would have “indefinite freedom”
in which his country’s army to operate throughout Gaza
US Secretary of State Antony Blinken
would have “indefinite freedom” speaks during a press conference at to prevent any resurgence of
to operate throughout the Gaza Casa Rosada Presidential Palace in terror activity, according to the
Strip once Hamas is defeated. Buenos Aires. — AFP proposals.
“There should be no Israeli Senior Hamas official Osama
reoccupation of Gaza. The size Benjamin Netanyahu has Hamdan dismissed Netanyahu’s
of Gaza territory should not be unveiled a plan for post-war plan as unworkable.
People protest in support of Palestinians and to demand an immediate ceasefire, on February 24 in Milan. — AFP reduced,” Blinken said in Buenos Gaza that drew criticism and “When it comes to the day after
Aires, after attending a G20 was rejected by the Palestinian in the Gaza Strip, Netanyahu is
meeting of foreign ministers in Authority on Friday. presenting ideas which he knows
Brazil. The new plan came after fully well will never succeed,”
Hunger storms desperate Israeli Prime Minister air strikes targeted homes in Hamdan said in Beirut. — AFP
families in the enclave
GAZA: At the Jabalia refugee camp in northern
Gaza, Abu Gibril was so desperate for food to feed
his family that he slaughtered two of his horses.
“We had no other choice but to slaughter
the horses to feed the children. Hunger is killing
us,” he said. Jabalia was the biggest camp in the
Palestinian territories before the war, which began
on October 7.
Gibril, 60, fled there from nearby Beit Hanun
when the conflict erupted. Home for him and
his family is now a tent near what was a UN-run
school.
Contaminated water, power cuts and
overcrowding were already a problem in the
densely populated camp, which was set up in
1948 and covers just 1.4 square kilometres.
Now food is running out, with aid agencies
unable to get in to the area because of the
bombing — and the frenzied looting of the few
trucks that try to get through.
The World Food Programme this week said
its teams reported “unprecedented levels of
desperation” while the United Nations warned
that 2.2 million people were on the brink of
famine. In the camp, bedraggled children wait
expectantly, holding plastic containers and
battered cooking pots for what little food is
available.
The UN children’s agency UNICEF has
warned that the alarming lack of food, surging
malnutrition and disease could lead to an
“explosion” in child deaths in Gaza.
One in six children aged under two in Gaza was
acutely malnourished, it estimated on February
19.
Residents have taken to eating scavenged
scraps of rotten corn, animal fodder unfit for
human consumption and even leaves to try to
stave off the growing hunger pangs. — AFP
world
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OMANDAILYOBSERVER
S U N DAY l F E B R U A R Y 2 5 l 2 0 2 4 7
In brief
VALENCIA
Leaders in Kyiv pledge to back Ukraine
KYIV: European Commission
President Ursula von der Leyen
vowed that Europe would back
Ukraine until it was “finally The visit by von der
free” as she and three other
Western leaders arrived in Kyiv Leyen and the prime
to show solidarity on the second ministers of Italy,
SPAIN APARTMENT anniversary of Russia’s full-scale Canada and Belgium —
BLOCK INFERNO TOLL attack.
RISES TO 10
Giorgia Meloni, Justin
The visit by von der Leyen
and the prime ministers of Italy,
Trudeau and Alexander
Spanish rescue teams on
Saturday found a tenth body at Canada and Belgium — Giorgia De Croo — was a show
an apartment block ravaged by Meloni, Justin Trudeau and of support as Ukraine
an inferno which erupted two Alexander De Croo — was a suffers shortages of
days ago in the eastern port city show of support as Ukraine
suffers shortages of military
military supplies.
of Valencia.
“This morning... a new body was supplies that are hurting it on
found,” the regional authorities the battlefield as Moscow grinds
in Valencia said. “The number of out territorial gains.
bodies found inside the building “More than ever, we stand rescue operation uncovered two
has risen to 10.” firmly by Ukraine. Financially, dead.
Faustino Yanguas of the Valencia economically, militarily, Meanwhile, a source in Kyiv
fire brigade said the cladding morally. Until the country is said Ukrainian drones had
material used on the facade of finally free,” Von der Leyen, caused a blaze at a Russian steel
the building would have to be who came with the others plant, which a Russian official
investigated. on an overnight train from identified as one in Lipetsk that
It was, he said, “a factor that neighbouring Poland, wrote on is responsible for about 18 per
contributed a lot” to the
the social media platform X. cent of Russian output.
lightning spread of the flames —
The leaders visited Hostomel Meloni and Trudeau were
as were the strong winds at the
airport, site of a ferocious battle expected to sign security pacts
time the blaze broke out. — AFP
at the start of the war, as Russia with Zelensky during their
tried to fly in paratroopers to brief stay, in line with deals
PARIS Ukraine’s President Volodymyr Zelensky (C) with western leaders visit the Memory Wall of Fallen Defenders of Ukraine on the
seize the capital Kyiv a few second war anniversary, Kyiv. — Reuters recently agreed with France
kilometres away. and Germany worth billions of
“We are here today to say dollars.
thanks to these men and Volodymyr Zelensky embraced are meeting our friends, our future history.” However, $61 billion in aid
women who on February 24 the Western leaders and partners, here,” he said. Meanwhile, Russian drones promised by US President
two years ago did not run away delivered a televised speech “Any normal person wants attacked the port of Odesa for a Joe Biden is being blocked
and instead fought,” Meloni against a backdrop of wrecked the war to end. But none of second night running, hitting a by Republicans in Congress,
said. “This place is a symbol of aircraft. us will allow our Ukraine to residential building, killing one casting a long shadow over
Moscow’s failures, a symbol of “Two years ago we met end,” he added. “The word person, the regional governor Kyiv’s hopes of pushing back
Ukrainian pride.” enemy troopers here with ‘independent’ will always stand said. In Dnipro, a Russian drone the much larger, better supplied
ANGRY FARMERS STORM Russian military. — Reuters
Ukrainian President fire, and two years later, we next to the word ‘Ukraine’ in hit an apartment building and a
INTO AGRICULTURE
FAIR IN PARIS
Canada headed
for another For a Ukrainian gardener, flowers
brutal fire season offer a way forward
B T
MARION THIBAUT
N
ot since Joan of Arc cautionary perspective was raised by
has a young woman political commentator Andrew Bolt
proven so divisive. Greta wrote of Thunberg being, “So young,
Thunberg is the darling and with so many mental issues, and
of the media, and the “chronically attracted to apocalyptic
protest culture, but like gold, is she really visions, fearful, anxious and disturbed.”
all that glitters? And she is no hysterical child, no weirdo,
The daughter of Swedish actor, Svante no medieval witch! In fact, she appears
Thunberg, and operatic star Malena to be anything but, though more in the
Ernman, she was born in that hotbed way that the London Times writes of her
of liberalism, Stockholm, in 2003, so Ray Petersen as “a child of woke capitalism,” a dupe
r.j.petersen52@gmail.com
even now is still a babe in the woods. As for the Swedish energy sector that stands
a 15-year-old she was incredibly busy, to make billions for energy titans in
as reputedly, not only did she ‘force’ her The writer is a media Sweden and Europe. She could yet prove
parents to renounce flying as a means of a poster child for the manipulation of her
consultant
travel, but also to become vegan, among youthful, impressionable generation.
other lifestyle changes in support of her This wealth of green lobbyists, PR
climate change beliefs. hustlers, eco-academics and think-tanks
She also withdrew from school, citing have their own agenda, and ironically,
her climate beliefs as more important its one that Thunberg’s activities benefit
than her truancy, and to enhance her immeasurably as the energy sector has
profile picketed parliament for three prepared for green energies to deliver
weeks. The tail wagging the dog maybe? on the most significant contracts ever
Or weak parenting? Or someone seeing signed across Europe. Has ‘Team
an opportunity? Or did her barely Thunberg proven a windfall for one of
rational fears grasp her so dramatically, the greatest hustles ever imagined? I
and did her parents truly identify her fear so, and that the cracks are showing.
passion, not care, or abdicate their On November 23, the now 21-year-old
responsibilities, as parents. Thunberg chanted “Crush Zionism” at
In any case, Thunberg drew even a Pro-Palestinian protest in Stockholm,
more attention to herself when surely alienating much of her support,
confronted by the media she fought and providing grist to the mill of her
her way front and centre as the group’s detractors, by appearing as a serial
spokesperson, and her first words were protester, diluting her environmental
to encourage all those present to use message. However, it is not emotion,
their mobile phones to record and share or entitlement, that are her greatest
her words. That’s one positive aspect of challenge now, as reliant upon what she
autism which she was diagnosed with wants the world to see, it is now the turn
at some unspecified time, it brings a of science to fight back. Geophysicist
significant amount of focus, and can John Bruyn says that for the last 7.5
embolden one, removing any hesitancy. millennia since the peak Holocene
In fact, Thunberg herself has referred to it temperatures, the planet Earth has been
as her superpower! warming and cooling slowly due to the
But, born with a silver spoon in her Milankovic cycles of the Earth’s orbital
mouth, and high expectations, how else elements, as a pre-cursor to believe
could a teenager, without a smile, or a GRETA it or not, a new, coming, ice-age, and
deferential gesture, berate the United THUNBERG he’s not the only one. The American
Nations, in September 2019, “People WITHDREW Meteorological Society “does not agree.”
are suffering, people are dying, entire FROM SCHOOL, Nobel Prize winner John Clauser says,
ecosystems are collapsing. We are in CITING HER “There is no climate crisis.” Professor Bob
the beginning of a mass extinction and CLIMATE Carter says, “Climate is always changing
all you can talk about is money and — change is what climate does.” Michael
BELIEFS AS MORE
fairytales of eternal economic growth. E Mann says, “The tide may be turning.”
How dare you?” IMPORTANT The science says that global temperature
It was pure theatre, and Mum and THAN HER is nothing more than a natural cyclical
Dad would have been so proud! A TRUANCY process. The Eiffel Tower is lit in the colours of Ukrainian flag in Paris, on Saturday, on the second anniversary of
the Russian war on Ukraine. — AFP
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‘Out of power’
Swiatek stunned
by Kalinskaya
DUBAI: Iga Swiatek blamed
fatigue for her semi-final defeat
to Anna Kalinskaya in the Dubai
semi-finals on Friday, admitting:
“I didn’t have power anymore” to
up her level during the match.
Kalinskaya snapped Swiatek’s
seven-match winning streak and
ended the world number one’s
bid for a rare Doha-Dubai title
double with a commanding 6-4,
6-4 victory.
“I didn’t have power anymore
to give even more, which doesn’t
happen often,” admitted 22-year-
old Swiatek.
“I just felt out of control a
little bit because of that. Usually Russia’s Anna Kalinskaya celebrates
winning her semi final match against
when I tell myself what to do, I Poland’s Iga Swiatek. — Reuters
can improve my game. Today I
was so out of power and tired
that I just couldn’t.”
The 40th-ranked Kalinskaya
was contesting her first WTA
1000 semi-final, and is into the
first tour-level final of her career,
where she faces Italian Jasmine
Paolini.
Kalinskaya defeated Paolini
last month at the Australian
Open to reach her first Grand
Slam quarter-final. They will
square off once again on
Minnesota Timberwolves forward Kyle Anderson (1) works towards the basket as Milwaukee Bucks forward Giannis Antetokounmpo (34) defends during the second half
Saturday in another career-
at Target Center. — USA TODAY Sports defining showdown.
Top seed Swiatek came into
of golfing talent
Second Place: Tariq Al
Four talented Omani Shaihani
drivers, twelve drivers Third Place: Reyadh Al
from across the Middle Mabsali
East, including second MUSCAT: Khalid Walid Attieh made
OIDC
round’s victor Ahmed history in Oman by becoming the first ever
CHAMPIONSHIP
Daham, showcased their 2024 OVERALL Saudi amateur to make the cut in a pro golf
diverse drifting style. But First Place: James Deane tournament, emphasising the important role
all eyes were drawn to the Second Place: Ahmed The International Series is playing for golf in
Daham
international category, Third Place: Juha Matias
the region.
where global drifters Fourth Place: Netherlands’s Attieh’s one-under round of 71 was enough
met. Famous names like Clint Van Oort to earn a priceless place in Saturday’s third
James Dean and Nikolass Fifth Place: Ali Makhseed round at a star-studded International Series
Bertans joined the sixteen Oman, just a week after earning his spot in the
other international filed by winning the Oman Masters.
drivers, creating a full-on Attieh was one of four Saudi players in the
of experience and talent. In a thrilling showdown in field along with of Othman Almulla, Saud al
With such a diverse and the international category, Sharif, Faisal Salhab, while Omani amateurs
accomplished field, Day 2 Irish legend James Deane Azzan al Rumhy and Ahmed al Wahaibi also
promised an unforgettable emerged victorious, leaving gained invaluable experience over the first two
spectacle, all competing the competition in his days in their home event at Al Mouj Golf.
for the ultimate glory: the wake. Kuwaiti driver Ali Dubai-based youngster Joshua Grenville-
OIDC championship round Makhseed claimed a well- Wood, Jordanian-English golfer Shergo Al
three title. deserved second place, Khurdi and the Moroccan duo of Ayoub
Held under the patronage while Lithuanian drifter Lguirati and Ayoub Id-Omar completed a
of Ahmed bin Mohammed Benediktas Cirba skilfully healthy representation of the region in the
al Humaidi Chairman of secured third. US$2 million event, the first of the season on
Muscat Municipality, and Middle East category: The International Series.
graced by the presence of Kuwait’s Ali Makhseed Rahul Singh, Head of The International
Brigadier Jamal bin Said took the first place followed Series, said: “Khalid has given us an excellent
al Tai, Vice Chairman of by Emirati driver Hazaa example of the talent that is emerging from
the Oman Automobile al Hosani in second place the region, and it will be interesting to see the
Association’s Board of and Jordan’s driver Ahmed impact that this has on golf in the region.
Directors, the third and Daham in third place. “While The International Series is an open,
final round of Oman’s sixth National category: merit-based pathway onto the LIV Golf
edition international drift Tariq al Shaihani emerged League, it is also about giving local talent
championship that took victorious in the national opportunities to play against elite-level golfers,
place on Thursday and category, Ahmed al Amri an opportunity they might not have anywhere
Friday at Muscat Arena. The in second, and Reyadh al else.
competition was divided Mabsali came third on the There have been encouraging signs of
into three categories: podium. growth across the region on The International
international, Middle East The OIDC Round 3 Series. In 2022, home hope Lguiruat finished
and National categories, finals concluded with the T28 in the inaugural International Series
with each category crowning of champions in Morocco, and he followed it up with a T37 in
showcasing the best talent not only the three primary Egypt the following week, behind Al Kurdi
from its region. categories, but also in four who finished T27 and amateur compatriot El
International category: additional categories. Mehdi Fakori, who came home T33.
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Total credit
balance granted Development Bank OPAZ delegation tours Jordanian
by banking sector
reaches RO 30.4 bn
names new CEO industrial and tourism projects
BUSINESS REPORTER
MUSCAT, FEB 24 BUSINESS REPORTER
MUSCAT, FEB 24
Development Bank, a leading
institution in supporting Eng Ahmed bin Hassan al
economic growth and progress Dheeb, Deputy Chairman of
MUSCAT: The total credit in the Sultanate of Oman, has the Public Authority for Special
balance granted by the banking announced the appointment of Economic Zones and Free
sector in Oman increased by Hussain al Lawati (pictured) as helping Omani businesses of all Zones (OPAZ), led a high-level
4.3 per cent to reach RO 30.4 its new Chief Executive Officer, sizes succeed. My role is to set of Omani officials on a visit to
billion by the end of December effective from Sunday, February out the next stage of the bank’s Jordan over the weekend.
2023. Private sector credit, in 25, 2024. journey and build a strategy for Al Dheeb was accompanied
particular, grew by 4.7 per cent, With a career spanning growth and innovation.” by Yaqoub bin Badr al
totalling RO 25.5 billion by the over 18 years in the banking As CEO of Development Ruqayshi, Deputy Ambassador
same period. and finance sector, Al Lawati’s Bank, Al Lawati will leverage his of the Sultanate of Oman to
Eng Ahmed bin Hassan al Dheeb, Deputy Chairman — OPAZ, meeting with a
Data on the distribution extensive background in strategic extensive experience to enhance the Hashemite Kingdom of Jordanian official during the delegation’s visit.
of credit across sectors shows planning, innovation, growth the bank’s operations, drive Jordan, and Hilal bin Mubarak
that individuals held the largest and acquisition and strategic innovation and support Oman’s al Rashidi from OPAZ’s cooperation between the integrated economic zone on
share of credit at 45.2 per cent, partnerships ideally positions economic development. Investment Development two brotherly countries. the Saudi Arabian border. The
followed by non-financial him to lead Development Bank’s His leadership is expected to Sector. The delegation met Al Dheeb shared details about two zones feature land ports
companies at 45 per cent. mission forward. bring a new era of growth and with Nayef Hamidi al Fayez, the volume of investments in that will make it easier for goods
Meanwhile, financial His leadership at Muscat success to the bank, aligning with Chairman of the Board of industrial cities, free zones, and to be moved between different
companies held 6 per cent, and Finance as CEO showcased its goals of fostering sustainable Commissioners of the Aqaba special economic zones, as well countries.
other sectors accounted for 3.8 his ability to drive business development and ensuring Special Economic Zone as the area allotted for artificial These zones will be integrated
per cent. growth, manage large teams innovative Omani businesses Authority. intelligence and renewable with the existing free zones in
Total deposits in the banking and execute significant digital have access to the right capital to This visit comes within the energy sectors in the SEZ at Salalah, Suhar, Al Mazyouna,
sector experienced a 12.4 per transformations. start and scale. framework of ongoing efforts Duqm (SEZAD). Muscat International Airport,
cent growth, reaching RO 29.1 Prior to his tenure at Muscat “Hussain has worked at the spearheaded by Qais bin In addition, he shed light on Duqm Port, and the ports of
billion by the end of December Finance, Al Lawati held senior very highest levels of Omani Mohammed al Yousef, Minister initiatives related to modern Salalah and Sohar which are
2023. Private sector deposits management roles at Bank banking and finance, delivering of Commerce, Industry and industries, mining, gypsum, proposed to be linked by rail
also increased by 10.6 per cent, Dhofar, including DGM & Chief outstanding results and strong Investment Promotion, to build pharmaceutical, medical, with the Arab Gulf countries.
totalling RO 19.2 billion during Corporate Banking Officer and growth. Given his proven track on cooperative ties between the and petrochemical sectors, The Omani guests
the same period. AGM & Chief Retail Banking record, strategic acumen and two organisations. as well as projects involving visited Aqaba Development
Looking at how private Officer where he managed dedication to excellence make In addition to discussing the generation of green Corporation, the Aqaba
sector deposits were distributed substantial assets and introduced him the perfect choice to lead investment and commercial hydrogen and its derivatives Authority’s investment branch,
among different sectors, figures key regulatory compliant Development Bank. matters, the meeting covered in collaboration with global Aqaba Company for Ports
show that individuals held solutions and CRM systems. On behalf of the Board, I am environmental activities, port multinational corporations. Operation and Management,
approximately 49.3 per cent, “I am excited to be asked to delighted to welcome Hussain systems, logistics, renewable A presentation was also the Ayla project, various
followed by non-financial lead Development Bank at this as CEO and look forward energy projects, and green made on Al Rawdha SEZ which tourism initiatives on the
companies with 32.4 per cent, important time. Driven by a to working with him in the industries. is coming up in the Wilayat southern shore, and a number
financial companies with 15.4 talented and experienced team exciting years ahead,” remarked It also focused on of Mahdha in Al Buraimi of industrial projects and cities
per cent, and other sectors with the bank is a well-respected brand Eng Mohammed al Ghassani, economic and investment Governorate, as well as the new in the Aqaba region.
2.9 per cent. — ONA with a long and rich history of Chairman, Development Bank.
S
published in late 2023, the global ZIXU WANG AND OLIVIA WANG
funding by fintech segment total
value between 2018 and 2022 huen Chun-wa, 81, and
grew significantly for Embedded her husband hurried
STEFANO VIRGILLI Finance and Banking as a Service toward a green bus
stefano@virgilli.com (BaaS) from $1.2 billion to $4.0 with two dozen other
The author is a member
billion (almost 4x) and for SME Hong Kong residents,
of the International Press and corporate services from $2.5 dragging empty suitcases. They
L
Association billion to $7.6 billion (over 3x). had purple tour stickers on their
Similarly, the global funding jackets and were headed to shop
ike many other growth in percentage by fintech in Shenzhen, a bustling Chinese
professionals in segment saw the same two city that sits on the northern side
my industry, I segments attracting 36% and 32% of the border with Hong Kong.
transitioned through more funding, respectively. It was Shuen’s second trip to
fintech before landing Conversely, lending, on the Shenzhen to find bargains in a
in crypto. At some point in the one hand, and operations and year. Last time, she got dental
past decade, I was an enthusiastic infrastructure, on the other hand, implants. “You can count how
promoter of the importance lost steam under fintech and much I need to pay,” she said.
of digitising finance. Having migrated to blockchain. She paid $9,000 in Shenzhen for
lived in Singapore, I saw that Specifically, lending, which a procedure that would have cost
transition happening really fast, was the biggest segment in $25,000 in Hong Kong. “I don’t
and so I became an advocate for terms of market volume at $9.9 have the money. So I went to Hong Kong residents wait to buy pastries at a Bao Shifu shop, a chain popular with tourists, in Shenzhen, China. — NYT
“everything digital” in banking. billion, grew to only $11.6 billion Shenzhen.”
However, although progress between 2018 and 2022, while Since China opened its borders TIRED OF HIGH COSTS, POOR “Cross the border to check your mainland China.
was made, it was mostly slow and operations and infrastructure in January 2023 after several SERVICE AND LIMITED CHOICES teeth with zero distance,” a giant Now people in Hong Kong,
very specific to niche segments dropped from $3.9 billion to years of pandemic isolation, AT HOME, HONG KONGERS ARE neon pink advertisement lured. using online forums that are
of the industry. For instance, the $3.5 billion. In terms of funding Hong Kong residents have made GOING TO SHENZHEN TO BUY On a busy day, the GoodFeel censored or inaccessible on the
lowest hanging fruit, generically in percentage, lending only Shenzhen a weekend destination GROCERIES, GO OUT FOR Dentist clinic might see more mainland, discuss whether it is
referred to as payments, seemed attracted 4% more funding to shop, dine and, yes, even visit MEALS AND DISCOVER NEW than 100 customers from Hong safe and politically acceptable for
to be leading the charge. during the same period, and the dentist. BUBBLE TEA SHOPS. Kong, said Lan Xinghua, a sales people who disagree with China’s
I still recall talking to bankers Operations and Infrastructure Tired of high costs, poor director at GoodFeel Dentist. government to visit Shenzhen
in 2007 who had no idea what lost 3% of the investments. service and limited choices at including pastries filled with He said the company’s revenue even simply to shop and dine.
PayPal was. Then, fast forward At the same time, with home, Hong Kongers are going seaweed and pork floss. They doubled when the Hong Kong For many, the answer is “yes.”
less than a decade, and I could tremendous acceleration in 2021, to Shenzhen to buy groceries, go share tips about where to find border opened last year. To get “Life and political opinion can
move money in and out of my lending protocols on blockchain out for meals and discover new bubble tea including one place even more business, the clinic be separated,” said Chak Yeung,
PayPal account directly through were flying high. In February bubble tea shops. where the tea is made by robot. set up a stall near the Luohu Port 31, a Hong Kong resident who
a linked bank account. 2021, Uniswap had a market Hong Kong remains one of the Tour operators that once border crossing. Employees are works in the tech industry. He was
Other segments gained cap of almost $6.9 billion and most unaffordable cities in the focused on package tours to Japan expected to speak Cantonese as involved in the past with student
traction, like retail investment AAVE $3.97 billion, representing world, and its battered economy and Thailand are also organising well as Mandarin, China’s official organisations that participated
in capital markets and stocks. 33.52% and 19.32% of the DeFi and plunging stock market have buses to shopping centres in language. in protests, but he doesn’t see
Services like eToro brought industry, respectively. made everyone more money Shenzhen to visit stores including “Hong Kong customers spend any conflict between his political
the global markets into our The Uniswap innovation conscious. Sam’s Club. more lavishly and don’t usually views and what he does for fun
pockets, introducing interesting of Automated Market Makers In China, a stalling economy Some weekends, there are so bargain too much,” Lan said. on the weekends.
innovations like copy-trading, not only made them the most has led to a steady decline in many Hong Kongers in Shenzhen Sometimes entire families come Hong Kong has a separate
which allowed for anyone to copy popular protocol in the industry prices, falling by the most since malls that locals have joked that to get their teeth cleaned and currency from China, and its
experienced traders. but opened a new avenue for the global financial crisis in 2009 the visitors have “occupied” them. fixed. merchants still rely heavily on
Around the middle of the past developers to build products and verging on a phenomenon Their presence in Shenzhen, The two cities are divided cash for payments. China’s main
decade, the rise of Ethereum without a traditional order known as deflation. a city with a population of 17 by a border that distinguishes form of payments is digital: The
and smart contracts brought book. At the same time, AAVE The shopping migration million, is visible everywhere. mainland China from Hong two primary payment apps,
forward perhaps one of the enabled ultra-short duration, is a reversal of the days when Some stores tailor their Kong, a Chinese territory that WeChat and Alipay, have only
most significant innovations uncollateralised flash loans mainland Chinese flocked to advertising by using Cantonese, long operated with some degree recently been available to Hong
in the industry, which laid the designed to be integrated into Hong Kong to shop for everything Hong Kong’s local Chinese of autonomy but has come Kongers and not everyone is
foundation for the advent of other products and services, thus from luxury bags to baby formula. language, to draw tourists into increasingly under Beijing’s sway. familiar with them.
Decentralised Finance (DeFi). allowing incredible flexibility for Now for Hong Kongers, China’s their shops. Many Hong Kongers travelling To help visiting shoppers,
But before DeFi became a anyone to build products at the slowdown offers a rare break in Restaurants offer discounts for to the mainland to shop had not posters plastered in Shenzhen’s
thing, the ICO period pushed back of their technology. prices. All it takes is a short bus customers with phone numbers been there since 2019. That was stores and subway stations explain
Distributed Ledger Technology Overall, it is clear that at some or subway trip across the border that include Hong Kong’s 852 area when pro-democracy protests how Hong Kong residents can use
and blockchain to the forefront point toward the second part to the mainland. code. In one big shopping mall engulfed Hong Kong and the WeChat and Alipay. Tourists can
for bankers, while fintech projects of the last decade, a partition On social media and in chat near a border crossing, opticians government responded with a also pay in Hong Kong dollars
had to decide whether they happened between Fintech and groups, hundreds of thousands and dental clinics promise crackdown, stamping out the and not convert their money to
wanted to embrace this new trend. Blockchain, which resulted in the of Hong Kongers talk about cheaper service than Hong Kong political tolerance that had Chinese renminbi.
It turned out that some segments origin of DeFi. new food offerings in Shenzhen that requires only a short trip. distinguished Hong Kong from — The New York Times
Disclaimer: The views and opinions expressed in this page are solely those of the authors and do not reflect the opinion of the Observer.
business
business OMANDAILYOBSERVER
S U N DAY l F E B R U A R Y 2 5 l 2 0 2 4 17
Bosch to cut 3,500 jobs US airlines hike checked baggage fees
in home appliances unit
WASHINGTON: United Airlines
on Friday became the third
major US airline to hike checked
baggage fees for customers
travelling in North America after
American Airlines and JetBlue
FRANKFURT: The Bosch emerge from a downturn, having Airways announced similar
group said it would axe 3,500 been hit hard by soaring energy increases.
jobs at its BSH home appliances costs following Russia’s war in United passengers flying
subsidiary by 2027, the latest in Ukraine, as well as the impact of economy in the US after February
a series of cuts among German higher interest rates and cooling 24 will pay $40 for a first checked
manufacturers as they struggle exports. bag, or $35 paid in advance. A
with rising costs and weaker The Bosch group already second checked bag will cost $50
demand. announced plans in December at the airport and $45 in advance.
People walk to their flight gates at O’Hare Airport in Chicago, Illinois. — Reuters
The company had to “reduce to slash 1,500 jobs at its auto Maintenance and labour
complexity and costs” in order to supply business, as Germany’s contract costs have risen for checked baggage prices because the Permanent Subcommittee on
“safeguard its competitiveness” crucial car industry undergoes carriers while pricing power has “the cost of doing business has Investigations, said in November
in a challenging economic major changes as part of the shift weakened in the US domestic gone up significantly due to he was investigating airline fees
environment, BSH said in a Appliance and Electronics World towards electric vehicles. market. increased wages, higher fuel costs, for baggage, seat selection and
Expo (AWE) in Shanghai
statement. BSH rival Miele meanwhile US airlines collected nearly and other inflationary pressure, ticket changes.
It was “essential to review said earlier this month it would $6.8 billion in baggage fees in and we remain unprofitable since In September 2022, the US
existing structures” and adapt to this year already, it said. scrap up to 2,700 jobs as part of a 2022 — and $5.5 billion in the Covid.” Transportation Department
new growth markets, it said. BSH was founded as a joint cost-cutting drive. first nine months of 2023. JetBlue said the cost of a first proposed requiring airlines to
“This includes adjusting venture by Bosch and Siemens in Chemicals giant Bayer said Four years ago, United raised bag was rising to $35 if booked disclose fees for baggage, ticket
personnel structures and 1967, before becoming a wholly last month it was planning prices for checked bags at airports online in advance or $45 at the changes and family seating the
personnel costs to the new Bosch-owned subsidiary almost “significant” reductions in by $5 to $35, or $30 if travellers airport. first time an airfare is displayed.
requirements.” a decade ago. staffing. pay in advance online. JetBlue said the price hike is Congress in 2018, under heavy
The global jobs cull would It employs around 60,000 It was joined on Friday by This week, American Airlines “one step we are taking to return pressure from the airline industry,
affect “indirect” workers, BSH people globally, 17,000 of them rival BASF, which said there raised fees for a first checked our company back to profitability dropped plans to require
added, referring mainly to in Germany. would be “further job cuts” as bag to $35 if booked in advance and cover the increased costs “reasonable and proportional”
administrative positions. Germany’s once-mighty it unveiled a one-billion-euro online, or $40 at the airport. of transporting bags.” Senator baggage and change fees.
Around 1,000 jobs will be cut industrial sector is struggling to savings plan. — AFP JetBlue said it was hiking Richard Blumenthal, who chairs — Reuters
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TRAVEL
TALES ART
A street vendor US singer
carries umbrellas CULTURE Taylor Swift
on a rainy day performs on
next to the Eiffel A Kuwaiti man wear- stage during a
Tower, which is ing a mask attends concert as
closed to the pub- celebrations in part of her
lic on the fourth Kuwait City with the Eras World
day of its staff’s colours of the Gulf Tour in
strike, in Paris. — emirate’s flag in the Sydney. — AFP
AFP background, mark-
ing the 63rd National
Day and the 33rd
Liberation anniver-
sary from Iraqi occu-
pation. — AFP
ANIMAL
PLANET
A spider monkey
(Ateles) feeds on
fruit packs in ice
LIFESTYLE blocks at the
Legends Park Zoo
Tourists take photos of in Huachipa, east-
the sunset at the Historic ern Lima. — AFP
Town in Cartagena,
Colombia. — AFP
ancient pottery
by millenia-old craft
and techniques passed
down from generation to
traditions
generation, these artisans
offer workshops and unique,
colourful pottery pieces.... P20
Animal prints
mustard yellow and amethyst. the Hagia Sophia in Istanbul — both deca- skirts, while flat panels cascading from the
“I was very tired of animal print,” the dent in their abundant use of ancient mar- back of a black miniskirt were a more
creative director said backstage after the ble. minimalist, modern take on ruffles.
Cavalli for
newly named designer Walter Chiapponi memory and history.
opened his show with a very glam (faux) - BOMBERS AND BOWS - Strips of silk satin in black, pale pink or
leopard coat and chose leopard tights as If Cavalli managed to make cold hot, grape fluttered from the front of sleeveless
PERFECTED CRAFT
MIDFLIGHT
MUSIC
the legend of
he could concentrate on experimenting
and composing more than others.
By the time he was 12, he was earning at
flamenco “tablaos” -- the intimate bars that
are home to the authentic form of the
flamenco icon
tragic gypsy lament and dancing. Despite
having no formal training, he moved to
Madrid at 15 and by 18 had released his
first album.
He was the first flamenco artist to
Paco de Lucia
obtain a chart topper with his instrumen-
tal rumba “Entre dos aguas” which was
released in 1973 and saw him bringing fla-
menco closer to jazz with a sextet includ-
ing wind instruments and an electric bass,
lives on Beyonce
in a major break with tradition.
Also revolutionary was his introduction
of a cajon, a Peruvian box drum instead of
two or three palmeros (rhythmic clappers)
which made flamenco “more acoustic” and
“more intimate in terms of staging”,
explains top percussionist Paquito
Gonzalez who recorded an album with him. becomes
first Black
SPANISH GUITAR LEGEND Paco de Lucia, the sea, swimming and fishing.
who died 10 years ago on Sunday, couldn’t Such were the passions he had growing
read music but his talent revolutionised up in Algeciras where he was born in 1947, - ‘ORPHANED BY HIS DEATH’ -
flamenco, causing its popularity to spread spending his childhood in places like El When de Lucia played in Madrid’s
around the world. Rinconcillo beach where AFP met Gomez, a Teatro Real in 1975, it stoked controversy
woman to
Wherever he played, he filled theatres close friend of the family, whose own latest for being the first flamenco performance
and concert halls around the world, from album “Las Huellas de Dios” (“God’s in the Spanish capital’s prestigious opera
London to New York, Paris and Moscow, Fingerprints”) is a tribute to his idol. house, but also because he played with
San Francisco and Tokyo, shattering the It was here that de Lucia used to fre- crossed legs rather than the traditional
helm top
image of flamenco as something complex quent a beachfront bar called Casa posture with the guitar resting on one leg,
and only of interest to a fringe audience. Bernardo where he would drink beer and steeply angled upwards.
“Flamenco was always marginalised in eat fried fish, which inspired him to write a He was like “one of those explorers with
Spain because it was the music of gypsies, rumba by the same name. a machete in hand who went into the
Amazon and began cutting down branches
country
of Andalusians, of poor and working-class
people,” he once said, referring to the and making a path,” guitarist Jose Quevedo
southern Andalusia region where was ‘Bolita’ told AFP at Pena La Buena Gente, a
BORN TO PLAY GUITAR club in Jerez de la Frontera that draws
born and raised. Born Francisco Sanchez Gomez to a
But his virtuosity brought the dramatic flamenco fans, of which there are many
songs chart
Portuguese mother and a Spanish father, across Andalusia.
rhythms and passion of flamenco to the he was known as Paco -- the short form of
most prestigious music halls and this week, And it was after one drunken night in
Francisco -- “de Lucia” meaning “of Lucia”, Jerez that de Lucia and the singer
the main tribute event was held in New his mother.
York’s Carnegie Hall, bringing together the Camaron de la Isla decided to work togeth-
Growing up in a gypsy neighbourhood, it er, going on to produce several legendary
world’s best flamenco artists with others was his father, also a guitarist, who intro-
like Panamanian salsa legend Ruben albums.
duced him to music and encouraged him When Paco de Lucía “became a global
Blades. to practise for hours.
The secret of de Lucia’s success was his star, almost without realising it, he created
When he was eight, his father put a gui- what is now the flamenco industry”, says
capacity “to make beautiful melodies and tar in his hands and told him: “I can’t send
then dress these up with the best harmo- Quevedo.
you to school, I can’t teach you a career, the “It was a total turning point which AHEAD OF THE release of with thumping bass and dom-
nies,” guitarist Jose Carlos Gomez said in only thing I can give you is this guitar,” he
the southern port town of Algeciras. once said in an inter- view. The
brought about the ‘professionalisation’ of her album that’s set to take inated the industry’s most
“That’s why Paco is so popular both with flamenco, creating a more rewarding life the country music scene by closely watched singles chart
same thing hap- for many artists”, he said.
music connoisseurs and ordinary people.” pened to his storm, Beyonce this week in 2019.
He died of a heart attack on February And when he died, “the flamenco world
brothers, felt very orphaned”, says dancer Monika became the first Black Controversy famously
25, 2014 at the age of 66 while he was “play- Ramon woman to top the US charts stoked the artist’s rise to
ing with his children on the beach” at Playa Bellido who runs a flamenco academy in
a n d Algeciras. in that genre. fame after Billboard removed
del Carmen in the Mexican Caribbean Pepe,
where he had a house, reflecting his love of who
“The whole world loved Paco.” — AFP Her song “Texas Hold ‘Em” the fusion novelty song from
dropped smack in the middle the country charts but left it
of the Super Bowl earlier this on the rap list, triggering
month, and has debuted on accusations that the Atlanta
the Billboard charts on the musician’s work was pigeon-
number one slot of “Hot holed purely because he is
Country Songs.” Black.
A second single, “16 The tension simultaneous-
Carriages,” is also on that ly offered a moment to spot-
chart, clocking in at number light the vast contributions of
nine. Black artists to country both
“Prior to the triumph for past and present, including
‘Texas Hold ‘Em,’ no Black today’s stars like Mickey
woman, or female known to Guyton and Brittney Spencer.
be biracial, had previously Beyonce’s new studio
topped” that chart, said indus- album, her eighth, is for
try tracker Billboard. release March 29, and as of
Country is a quintessen- now is characterised simply
tially American style of music as “Act II.”
with influences from Africa: “Act I” refers to the 42-year-
the banjo notably grew out of old’s album “Renaissance,” an
instruments brought to the ode to disco and house which
United States by enslaved reigned over the summer of
people in the 1600s and 1700s. 2022 as it paid homage to the
And yet on the surface Black, queer and working-
contemporary country has class communities that
developed an overwhelming- moulded the electronic dance
ly white image. genre, which first developed
The issue came to a head in Chicago in the 1980s.
in recent years when Lil Nas She now appears primed
X soared to viral fame with to take a similar approach to
his infectious, record-break- country, reclaiming it as an
ing “Old Town Road,” a single emblem of Black American
that mashed banjo twangs history. —AFP
S U N DAY l F E B R U A R Y 2 5 l 2 0 2 4
Breathing
new life
into Oman’s
ancient pottery
traditions
BY ARWA AL HASHIMI calling. With the support of Said al
Adawi, the owner of Oman Handicrafts
O
Centre, who provided her with a suita-
man, even in ancient times, is ble workspace, Marwa began honing
strategically located along the her craft. As demand for her unique
ancient trade routes which is creations grew, she and Waleed al
why historical records proved Shriqi decided to establish their own
that the country has facilitated the pottery business, Taleed, in 2022.
exchange of pottery techniques with Due to increasing orders, Taleed
neighbouring civilisations, fostering expanded to a larger shop in Bahla
diversity and evolution in Omani pot- Fort. The name “Taleed” in Arabic
tery. refers to legacies inherited from ances-
Since pottery has been discovered tors, a fitting homage considering
in the archaeological sites of Bat, Bahla’s historical significance in pot-
Al-Khutm, and Al-Ayn, many research- tery production, boasting numerous
ers had been sharing that ancient pot- pottery sites and workshops dating
tery-making techniques reflect the back centuries.
ingenuity of early Omani civilisations. Furthermore, Bahla Fort holds
These artisans, through methods like immense historical importance, nar-
coiling and molding, crafted pottery rating tales of ancient Oman and show-
that not only served practical purposes casing the beauty of Omani arts, par-
but also showcased their cultural iden- ticularly its architectural marvels.
tity. Eventually, as civilisation pro- Recognised on the World Heritage List
gressed, influences from Islamic tradi- for its extraordinary architecture,
tions further enriched the craft, intro- Bahla Fort serves as a testament to
ducing intricate designs and glazed Oman’s rich cultural heritage.
surfaces that became emblematic of Taleed has conducted numerous
Omani pottery. workshops in Bahla, Nizwa, and Muscat,
The history of pottery in Oman training over 100 children and 50
details a rich cultural heritage and adults. Additionally, it participated in
through the build up of knowledge, it the Sharjah Omani Week Exhibition in
also demonstrates artistic evolution, the United Arab Emirates.
spanning millennia. Thankfully, there The Taleed pottery shop comprises
are still many places all over the coun- two sections: the products section and
try that managed to save a lot of the the workshops section. The products
techniques in pottery including the his- section showcases the pieces in an
toric city of Bahla. aesthetically pleasing manner for sale,
To ensure the further preservation while the workshops section provides a
of Oman’s millenia-old craft, significant space for visitors and trainees to
efforts are under way to revive the engage in pottery practice, offering a
craft of pottery through workshops, unique opportunity to experience the
courses, and various projects. charm of this art form firsthand.
This was the initial goal of Taleed What sets Taleed apart is its innova-
pottery shop. Its founders, Marwa al tive approach to pottery, incorporating
Hasni and her partner Waleed al Shriqi, colours and designs that diverge from
have been dedicated to reintroducing the traditional monochrome style.
the art of pottery to Omanis and rein- Each piece is uniquely crafted for the
stating its cultural significance. shop, ensuring its exclusivity.
The journey began when Marwa However, like any venture, Taleed
completed her higher education in has faced challenges along the way.
accounting and sought to explore a The lack of a dedicated space for pot-
fulfilling creative outlet. After experi- tery production has necessitated mov-
menting with various activities, she ing pieces to different sites for firing,
found herself drawn to pottery. Her resulting in fragility and significant
interest was further piqued during a time and effort lost during the process.
month-long workshop conducted by Despite these challenges, the efforts
Musallam al Abri from the SMEs to preserve and promote this handi-
Development Authority. craft offer a remarkable opportunity to
It was during this workshop that inspire individuals with talents and
Marwa realised pottery was her true encourage their further development.