Just Real Estate launches luxury lifestyle hub ‘View Bchamoun’

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14 Jun 2017 – 22:49

Just Real Estate launches luxury lifestyle hub 'View Bchamoun'

Just Real Estate officials and guests taking a look at the ‘View Bchamoun’ model

The Peninsula

Just Real Estate (JRE), the leading property service provider in Qatar, has further expanded its diverse portfolio with the launch of unique investment opportunities in ‘View Bchamoun’. The brand-new development in Lebanon was launched in the presence of Lebanon’s Ambassador to Qatar,  Hassan Najm , at the Just Real Estate Sales Center in Al Shoumoukh Tower.
The luxury residential and lifestyle destination project is located 200 meters above sea level in the district of Alley on Mountain Lebanon.
“It is an honor for Just Real Estate to now be able to offer our clients and potential clients this unique opportunity in an established international real estate market in such an iconic location, not too far from our doorstep. This partnership with ‘View Bchamoun’ is just another example of how our reputation continues to grow overseas,” said JRE Chairman, Engineer Nasser Al-Ansari.
“ ‘View Bchamoun’ gives buyers the chance to own a home in a holistic residential community that puts the focus on their wellbeing and it also provides great potential for investors as this new development will be extremely popular, I’m sure.”
Designers and developers of ‘View Bchamoun’ have taken the lush green mountain surrounds as inspiration and created a holistic residential hub, with a focus on wellbeing of residents. The complex comprises 144 apartments, with options from 2-4 bedrooms, distributed across 9, sophisticated buildings.
In addition to the luxury apartments, all designed and finished to the highest standards,’ View Bchamoun’ offers residents an extensive range of facilities and amenities. The complex includes indoor and outdoor swimming pools, a high-tech gym, football courts, a full-size basketball court, a tennis court, dedicated children’s playground, BBQ area and lush gardens and walkways.
‘View Bchamoun’ also offers commercial investment opportunities with a 21-unit retail complex, providing residents with the ultimate lifestyle destination. Its vantage point on Mount Lebanon makes for stunning vistas across downtown Beirut and out to sea, complemented by the mountain scenery that surrounds the complex.
The project’s location services residents with the best of a both worlds, the tranquil setting to enjoy life away from the hustle and bustle, but just 15 minutes’ drive from the center of one of the Middle East’s most iconic cities, and easy access to Beirut-Rafic Hariri International Airport and the city’s exhaustive list of attractions and activities.
After the event, in which guests were able to a more in-depth insight into ‘View Bchamoun’ project, JRE hosted members of the media for Suhoor at the La Cigale Hotel.


Source  :  thepeninsulaqatar.com

Over 70% of QIC business comes from global operations

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Khalifa Abdulla Turki Al Subaey

The Peninsula

14 Jun 2017 – 22:50

Over 70% of QIC business comes from global operations


With over two-third  of Qatar Insurance Group’s business now contributed by its international operations, the Group noted that it has successfully achieved its strategic objective of “diversity and geographic expansion”.

The statement came from the Qatar Insurance Company (QIC)  Board of Directors’ meeting (fourth meeting in 2017) held on Tuesday evening, which was presided over by Sheikh Khalid bin Mohammed bin Ali Al Thani, the Chairman and Managing Director of the Group.
During the meeting the board discussed the all the points on the agenda of the meeting, including a report on the performance of the company and the results of its activities during the period from January to May 2017.
Khalifa Abdulla Turki Al Subaey, Group President & CEO, QIC Group, said that the report showed that Qatar Insurance Group continued to successfully pursue its strategic objective of diversity and geographic expansion, such that over 70 percent of its business today comes from the Group’s international franchise. This diversification of business has been achieved through the group’s subsidiary, Qatar Reinsurance Company Ltd (Qatar Re) which is based in Bermuda and licensed by the Bermudian Monetary Authority.
Qatar Re has expanded its business globally and has established its offices in the major global reinsurance hubs such as Singapore, Zurich and a representative office in London.
Qatar Reinsurance Company was ranked among the top 35 global non-life reinsurers according to the credit rating agency (A M Best).
Qatar Re and Antares lead the group’s international business. The group also succeeded in diversifying its business through its Lloyds operations, Antares, which is located in one of the world’s most important insurance markets. The syndicate underwrites specialised insurance risks, contributing to the diversity of the group’s business, both geographically and through products. In 2016 the company joined the Lloyd’s China platform in Shanghai, China.
The group also managed to expand its direct insurance activity in the continent of Europe through its subsidiary Qatar Europe Limited (QEL) which is located and registered in Malta.
“The strength of the Group’s financial position enables us to serve our global clients, despite the difficult economic and political environment,” said Al Subaey. He also said that the strength of the group’s financial position has enabled it to serve its clients globally. The financial strength of the Group has contributed to maintaining its credit rating from S&P “A” Stable and “A” Excellent from A M Best.
He stressed that the continued growth of the group’s business globally reflected its utmost commitment for creating Shareholders’ value and reflecting our dedication towards implementing the group’s strategic plan successfully in a difficult economic and political environment.
The board was informed about the procedures of adjusting the nominal value of the company’s share from QR10 per share to become QR1 per share. The board approved the initiation of such procedures on the meeting held on April 25, 2017, in order to execute the decision taken by the Extraordinary General Meeting which was held on February 21, 2017. The Board was informed about the full notification of Qatar Central Bank, Qatar Financial Markets Authority, Qatar Stock Exchange and Qatar Central Securities Depository of the board’s decision in this regard, to determine their requirements.

Source  :  thepeninsulaqatar.com

ECB switches 500 million euros’ worth of US dollar reserves to Chinese RMB

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By Hu Ximeng (People’s Daily Online)    16:32, June 14, 2017

European Central Bank (file photo)

The European Central Bank (ECB) confirmed on June 13 that it has for the first time changed 500 million euros from U.S. dollar reserves to the Chinese RMB, according to the Financial Times. The move is said to reflect the increased use of the Chinese currency and Beijing’s importance as one of the largest trading partners of European nations.

Last year, the RMB was included in the International Monetary Fund’s elite basket of currencies and gained its “special drawing rights.” The ECB’s recent reserve conversion marks another milestone in the RMB’s internationalization.

ECB holds foreign exchange reserves in US dollars, Japanese yen, SDR and gold.


Source  :  People’s Daily Online

China’s youth aware of negative impact of social media: Report

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By Zhang Huan (People’s Daily Online)    16:33, June 14, 2017
China’s youth aware of negative impact of social media: Report

Nearly 40 percent of China’s young people born after 1990 have turned off notifications from social media apps due to the perceived negative impact of social media, according to the recently released Kantar China Social Media Impact Report, Beijing Evening News reported.

The report shows that social media, and especially WeChat, has become more and more popular in the past year among people over the age of 40, while the WeChat use of the “post-90s” generation has slightly decreased, from 94.1 percent to 86.6 percent.

Most of those surveyed for the report mentioned that positive impacts of social media include socializing with acquaintances and taking in more information. However, respondents also noted that social media has caused them to read fewer books, suffer from worse eyesight, sleep less and maintain less privacy, among other concerns.

As a result, 39 percent of the post-90s generation tries to avoid the negative effects of mobile phone use through measures like turning off app notifications, intentionally limiting the frequency of social media interactions and staying away from social media entirely in certain situations.


Source  :  People’s Daily Online

SDF capture former IS member known as Jihadi Jack

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SDF capture former IS member known as Jihadi Jack

(SyriaNews.media) The Syrian Democratic Forces captured the Briton known as Jihadi Jack, who joined the Islamic State in Syria in 2014, Qasioun News reported on Wednesday.

The 21-year-old Jack Letts (Known as Jihadi Jack) is currently imprisoned by Kurdish forces, however, he claimed abandoning the Islamic State group and its ideology.

Jihadi Jack also claimed that he was deceived by the Islamic State, but he quit after witnessing the group killing their own supporters, while said that the terrorist group jailed him three times and threatened to kill him.

Letts converted to Islam while attending high school and travelled to Jordan in 2014, then moved to Syrian Raqqa in the same year.

He got married in Iraq, however, his wife and child are still in the Islamic State-held territory, while he revealed that he went to Raqqa to recover after being wounded in an explosion.

According to Daily Star, Jack said he linked with a people-smuggler who helped get him out of the Islamic State-controlled territory before being captured by the Kurds.

Noteworthy, in a news report published last year by “The Independent”, Letts has dismissed reports that he is a member of the Islamic State and accused the media of demonizing young Britons who convert to Islam and publishing lies about him because of his Islamic faith.

“It’s sort of awkward when the media thinks your ISIS and your not. Thinks you have a son and you dont. Thinks your married when your not,” he wrote.


Source  :  SyriaNews.media

Assad officially includes foreign militias in regime forces

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Assad officially includes foreign militias in regime forces

Damascus (SyriaNews.media) The Syrian President Bashar al-Assad issued a decree to include the pro-Syrian government forces foreign militias in the Syrian Ministry of Defense, as a recognized military formation.

Qasioun News Agency reported that President Bashar al-Assad issued a decree to include Iranian, Lebanese and Iraqi militias that support the Syrian regime forces as a recognized military formation.

According to the decree, Iranian militias have been considered, since the issuance of this decree, as military forces belonging to the Syrian army and under its command.

The decree added that the Syrian regime will take care of the needs of families of the militias, who lost a fighter, and therefore this will be a step toward the naturalization of the militias’ families supporting the regime forces.

It is noteworthy, since the beginning of the crisis in Syria, the Syrian regime, Russia and Iran have been working to change Syria’s demography by displacing its indigenous people and bringing in sectarian militias instead.


Source :  SyriaNews.media

Uzbekistan toughens punishment for abetting people to suicide

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Uzbekistan toughens punishment for abetting people to suicide

Tashkent, Uzbekistan (UzDaily.com) — On 13 June, President of Uzbekistan Shavkat Mirziyoyev signed a law “On introduction of amendments and additions, as well as abolishment of some legislative acts of Uzbekistan”.

The law was passed by the Legislative Chamber on 25 May 2017 and approved by the Senate on 27 May 2017.

The law amends the Criminal Code. Amendments tightened punishment for abbeting to suicide and imposed sanctions for inciting to suicide.

According to the amendments, abetting to suicide or attempting to commit suicide by threats, cruel treatment or systematic humiliation of the person’s honor and dignity is punishable by imprisonment from 3 to 7 years.

The same actions committed against a person who was in material or other dependence on the perpetrator; in respect of a minor or a woman known to the perpetrator to be in a state of pregnancy; by prior agreement, a group of persons; with the use of telecommunications networks, as well as the Internet, punishable by imprisonment from 7 to 10 years.

The document noted that incitement to suicide, that is, the initiation by another person of the determination to commit suicide by persuasion, deceit or by means of a way, if a person has committed suicide or attempted to commit him, is punishable by restriction of freedom from two to five years or imprisonment up to five years.

The same actions committed against a minor or a woman, known to the perpetrator in a state of pregnancy; by prior agreement, a group of persons; with the use of telecommunications networks, as well as the Internet is punishable by imprisonment from five to seven years.


Source : UzDaily

Uzbekistan introduces criminal punishment for illegal use of UAVs

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Uzbekistan introduces criminal punishment for illegal use of UAVs

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan introduced administrative and criminal punishment for illegal use of air space of the country.

On 13 June, President of Uzbekistan Shavkat Mirziyoyev signed a law “On introduction of amendments and additions, as well as abolishment of some legislative acts of Uzbekistan”.

The law was passed by the Legislative Chamber on 25 May 2017 and approved by the Senate on 27 May 2017. The law amended the Code of Administrative Responsibility and the Criminal Code.

According to amendments, illegal use of air space, including radio-controlled unmanned aerial vehicles (UAVs) will lead to administrative responsibility in the form of fine at the size from 20 to 100 minimal sizes of salary or administrative arrest for 15 days with confiscation of objects of the offense.

Similar offence after administrative punishment, or if it resulted in moderate or serious injuries, will lead to the fine at the size from 100 to 250 sizes of minimal salary or correction works up to 2 years.

Similar violation will be punished with correctional labor work up to two years, or imprisonment for up to three months.

The same action that entailed the death of a person is punished with correctional labor for up to three years, or restriction of freedom from two to five years, or imprisonment up to five years.

The same action that caused human casualties; catastrophe; other grave consequences, is punished with imprisonment from five to ten years.


Source : UzDaily

Korea logs 64 straight months of trade surplus in May

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South Korea’s trade surplus extended its winning streak for the 64th month in a row in May as the country has been basking in brisk outbound shipments on an upturn in global demand, customs data showed Thursday.

The country’s trade surplus came to $5.68 billion last month, down sharply from a surplus of $12.9 billion tallied a month earlier, according to the data from the Korea Customs Service.


Asia’s fourth-largest economy has posted the consecutive monthly trade surplus since February 2012.

It logged $6.34 billion in trade surplus with Southeast Asian countries in May, including a surplus with Vietnam worth $2.91 billion, while it recorded an excess of $2.59 billion in trade with China, its largest trading partner.

Trade with the United States recorded a surplus of $864 million, more than halving from $1.78 billion tallied a year ago, amid the Seoul government’s efforts to reduce its surplus with the world’s largest economy.

South Korea’s trade surplus with the United States rose to $23.25 billion in 2016, doubling from $11.64 billion in 2011, a year before the Seoul-Washington free trade pact took effect.

The data showed that South Korea’s trade with Middle Eastern nations and Japan recorded deficits of $3.77 billion and $2.17 billion, respectively.

The country’s exports have been on a sharp roll since November last year on the back of brisk overseas demand for Korean-made semiconductors and vehicles.

In May, exports jumped 13.3 percent on-year to $45 billion, while imports rose 19.1 percent on-year to $39.3 billion. (Yonhap)

Source : The Korea Herald

Prolonged imprisonment of top executive casting cloud over Samsung

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Samsung Electronics Co. is set to face hurdles in drawing up business strategies as its top executive Vice Chairman Lee Jae-yong has remained behind bars for nearly four months, industry watchers said Thursday.

Lee has been imprisoned since February amid his alleged connection to a political scandal which led to the ouster of former President Park Geun-hye.


The heir to South Korea’s largest family-run conglomerate Samsung Group, which encompasses the world’s largest smartphone manufacturer, is suspected of providing favors to Park’s confidante in return for winning approval for the group’s restructuring efforts from South Korea’s state pension fund. The pension fund holds significant stakes in the group’s affiliates that were merged.

While Samsung has been maintaining its routine businesses, releasing the Galaxy S8 smartphone earlier this year, industry watchers said the absence of Lee, who is involved in all key decisions, may emerge as a major drag in terms of future strategies amid intensifying challenges from industrial late-comers.

Samsung Electronics’ move to seek mergers and acquisitions as well as allocating major investment has been hindered by the imprisonment. There have been no new acquisitions made by Samsung since the company bought Harman International in November last year.

Industry watchers said Samsung is set to post robust earnings for the second quarter on the back of the global boom of chip industry, but the company still needs to come up with a sustainable growth plan going forward.

“Samsung’s current heyday was made possible through its future strategies made three to five years ago,” a company official said.

“It is hard to predict what kind of side-effects the company will face three to five years later amid the absence of the leader at this critical juncture.” (Yonhap)


Source : The Korea Herald