Canadian Lumber Stocks Tumble On Report US-Canada Timber Trade War To Escalate

Canadian lumber stocks are diving this morning following a report from BMO analyst Mark Wilde who writes that “prospects for a near-term settlement of the U.S./Canadian lumber dispute have faded”, prompting him to downgrade the main players in the spac…

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A question on the anniversary of Rabaa

A question has been continuously asked since the dispersal of the Rabaa and Al-Nahda squares on 14 August 2013. This question is related to the international silence that surrounded this and the credibility of the West’s promotion of human rights and democracy, especially in light of the continued deterioration of human rights in Egypt. Also given the fact that the country has entered a phase where the authorities are targeting protestors and those against the coup by means of assassination and extrajudicial killings, otherwise known as “physical liquidation”. We have also witnessed an increase in forced disappearance. There are also those who still hope for an official position of support from the West, far from the double standards employed by […]

Accused of corruption, Iraqi official flees to Iran

Former Governor of Iraq’s Basra Province, Majid Al-Nasrawi, who is accused of corruption, fled to Iran after handing in his resignation from the post, a local official told the Anadolu Agency on Friday. The source, who spoke on condition of anonymity, said that Al-Nasrawi left Iraq through the Shalamcheh crossing with Iran although a travel ban had been issued against him. According to the sources, Al-Nasrawi and his son Mohamed Baqer are facing corruption charges related to contracts signed with contractors who carried out service projects in Basra. Iraqi media reported Al-Nasrawi saying on Friday that he does not trust the country’s judiciary. Read: Iraq to question minister over corruption He noted that there had been attempts to harm him, stating […]

Israel to reward Palestinians in Hebron for ‘good behaviour’

Israeli occupation forces have called on Palestinians in occupied Hebron to “behave” in order for restrictions on residents to be reduced in the city, Ma’an has reported. Israeli occupation forces distributed leaflets in Al-Moskobiya, Al-Salam and Al-Mahawir neighbourhoods of Hebron City stating that residents of those areas who had previously been refused entry permits to Israel would be eligible to apply tomorrow for the security ban against them to be removed. A similar one-day campaign allowing Palestinians to appeal their travel bans was organised a week earlier for residents of Idhna, the army said in a statement, adding that 52 Idhna residents had seen their security ban lifted immediately, while 137 more cases were being studied. “These campaigns are part […]

35,000-Barrel Oil Spill Prompts Urgent Cleanup In Kuwait

An oil spill into Kuwaiti waters prompted an emergency cleanup over the weekend, with media reports saying it all will be over this week. While some sources attributed the spill to a pipeline leak, estimating the amount that spilled into the Persian Gulf at 35,000 barrels, there has been no official confirmation on the size or cause of the accident. The spill occurred near Ras al-Zour, in southern Kuwait, Reuters reports, where Kuwait National Petroleum Company is currently building the biggest oil refinery in the Middle East, capable of handling…

Tunisian president calls for full gender equality

Tunisian President Beji Caid Essebsi has said that his country will continue to promote full gender equality, including with regard to the issue of inheritance. He made his comments on Sunday during an event at the Presidential Palace in Carthage on the occasion of Women’s Day. The audience included members of the government and parliament as well as representatives of civil society groups. “The State is committed to achieving full equality between women and men,” he insisted, “and to ensuring equal opportunities for them in assuming all responsibilities, as stipulated in Article 46 of the Constitution.” In his opinion, said Essebsi, equality in inheritance can be promoted between women and men. “Today a committee of jurists, both men and women, […]

Higher Oil Prices Slash Saudi Deficit

The Saudi Finance Minister has announced an annual decline in the budget deficit for the first half of the year thanks to higher oil prices in the period. At US$19.39 billion (72.728 billion riyals), the first-half deficit was 51 percent lower than what the government had projected, the ministry also said. Total budget revenues in the period rose by 29 percent on an annual basis while expenditures fell by 2 percent. Over the second quarter, the deficit fell on an annual basis but rose on a quarterly basis, Reuters noted in a report of the ministry’s…

Qatar: Unemployment down to 0.1%

Qatar’s unemployment rate fell to 0.1 per cent in the second quarter of this year, compared to 0.2 per cent in the same period last year, official data has revealed. Doha continues to have the lowest unemployment rates in the world with employment rates rising despite the blockade imposed on Doha by Saudi Arabia, the UAE, Bahrain and Egypt since 5 June. There were 2,873 jobseekers in Qatar, both citizens and foreigners, at the end of the second quarter of this year, the figures show, compared to 3,293 in the same period last year, according to the data of the Ministry of Development Planning and Statistics. Of those, 38.5 per cent were males, while 1,768 were females.  The unemployment rate […]