Algeria Finance – Algeria Television http://algeriatelevision.com/ Fri, 11 Jun 2021 17:19:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://algeriatelevision.com/wp-content/uploads/2021/05/algeria-television-icon.png Algeria Finance – Algeria Television http://algeriatelevision.com/ 32 32 A quartet of law firms merge to create a regional practice in French-speaking Africa https://algeriatelevision.com/a-quartet-of-law-firms-merge-to-create-a-regional-practice-in-french-speaking-africa/ https://algeriatelevision.com/a-quartet-of-law-firms-merge-to-create-a-regional-practice-in-french-speaking-africa/#respond Fri, 11 Jun 2021 16:17:33 +0000 https://algeriatelevision.com/a-quartet-of-law-firms-merge-to-create-a-regional-practice-in-french-speaking-africa/

Practices from Algeria, Morocco, Guinea and Ivory Coast join forces to form ADNA with further expansion in Africa planned

(lr) Salimatou Diallo, Safia Fassi-Fihri, Sydney Domoraud and Foued Bourabiat

Four law firms in North and West Africa have merged with the ambition to help develop the “next generation of lawyers on the continent” by creating a fully integrated African law firm focused on Francophone countries .

ADNA has offices in Algeria, Morocco, Guinea and Ivory Coast, bringing together Bourabiat Associés, BFR & Associés, SD Avocats and EMIRE Partners respectively.

With five partners and 20 other employees, his main areas of practice will be business, banking and finance, projects and litigation with a particular focus on the agriculture, energy, infrastructure and mining sectors. . He is a member of the Pan-African Alliance of Law Firms Africa Legal Network.

The managers of the boutiques that make up the merged company are longtime friends, all four having spent a significant part of their careers in large international companies, mainly based in Paris.

Conakry-based Salimatou Diallo, who is the managing partner of the new company, said it took two years to structure the deal which includes profit sharing between the partners. She said the plan was to expand to other French-speaking countries with ongoing discussions with two other companies, although more deals are not imminent.

She added, “We have all worked in international firms and understand the importance of having a regional platform for clients who will be drawn to our credentials and experience in various practice areas.

Diallo founded SD Avocats in 2013 after spending seven years in the Paris office of Herbert Smith Freehills (HSF), where she was of counsel. She has dual Franco-Guinean nationality and her practice focuses on the energy and natural resources sectors in Francophone Africa.

Foued Bourabiat was at HSF in Paris at the same time as Diallo, founding his firm of Algiers Bourabiat Associés in 2012. He advises investors and credit institutions in their investments and financing operations in Algeria and in the MENA region.

Its co-founder Safia Fassi-Fihri worked in the office of Bredin Pratt, Ashurst and Gide Loyrette Nouel in Cassablanca before moving internally as general counsel of the Moroccan wealth management company RMA Capital. She founded BFR & Associés in 2015.

ADNA’s quartet of founding partners is complemented by Sydney Domoraud, managing partner of EMIRE based in Abidjan, which focuses on the energy, mining, infrastructure and real estate sectors. Before creating EMIRE in 2017, he spent four years at Orrick, notably on secondment to his London office, then founded Orrick’s partner in Abidjan, Orrick RCI in 2014.

Pan-African law firms remain scarce, with most independent firms offering cross-border advice through network membership while many international firms continue to serve the market from offices in London and Paris.

In April, Dentons agreed to partner with Nigerian law firm Adepetun Caxton-Martins Agbor & Segun to become the second law firm in the world to operate in Africa’s largest economy.


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Israeli soldiers disguised as Arabs kill 2 Palestinian security agents, one fighter https://algeriatelevision.com/israeli-soldiers-disguised-as-arabs-kill-2-palestinian-security-agents-one-fighter/ https://algeriatelevision.com/israeli-soldiers-disguised-as-arabs-kill-2-palestinian-security-agents-one-fighter/#respond Thu, 10 Jun 2021 22:38:22 +0000 https://algeriatelevision.com/israeli-soldiers-disguised-as-arabs-kill-2-palestinian-security-agents-one-fighter/

DUBAI: For Palestinians living in the Gaza Strip, “home” is a concept that rarely conjures images of security and stability.

Israel and Hamas have waged four short but savage wars since the militant group took control of this fragment of territory in 2007.

With each wave of violence comes a new cycle of destruction and reconstruction, a “recycling of pain,” as Gaza-based artist Mohamed Abusal told Arab News.

In late May, tens of thousands of Palestinians returned to their homes in Gaza to inspect the damage after 11 days of fighting – the most serious escalation of hostilities since the 2014 war.

Tens of thousands of Palestinians returned to their homes in Gaza to inspect the damage after 11 days of fighting and shelling by Israeli forces. (AFP / File Photos)

According to Palestinian officials, at least 2,000 homes have been destroyed and 15,000 damaged by the latest wave of violence, further degrading the already fragile humanitarian situation in Gaza, long stifled by an Israeli and Egyptian blockade.

Gaza had yet to recover from the 2014 war when fighting resumed on May 10. Older buildings now stand like crumbling tombstones next to recently shattered buildings. It is a sight too familiar to the inhabitants of the territory.

To help redefine Gaza’s ravaged urban topography, Palestinian architect Salem Al-Qudwa has developed a series of do-it-yourself, flexible, eco-friendly and affordable house designs.

The innovative design means units can be built on sand or rubble and easily nested, allowing extended families to live under one roof – a potential lifeline for widows or orphans from recent fighting.

“These are houses that can empower the community in Gaza,” said Al-Qudwa, a member of the Conflict and Peace with Religion and Public Life program at Harvard Divinity School.

Palestinian architect Salem Al-Qudwa

“The Israelis have destroyed multi-storey buildings and plunged their residents into poverty. They lost everything. That’s the problem right now, this never-ending cycle of destruction and reconstruction, but, more importantly, the destruction of the physical and social fabric of Gazan society.

Al-Qudwa was dismayed to see a repeat of the havoc wrought in Gaza in 2014.

“These attacks pushed back Gaza for decades, destroying infrastructure in many parts of the city as well as the social fabric, which is crucial for housing,” he said. “Now the 2021 conflict pushes Gaza back 50 years. “

The 2014 war destroyed around 18,000 homes, leaving around 100,000 Palestinians homeless. However, the temporary wooden structures built by international aid agencies involved in post-war reconstruction were not suited to the needs of large families and did not provide adequate temperature controls.

Instead of consulting locals on how to proceed with the reconstruction of Gaza, aid agencies turned to foreign architects, “coming to replace our social structure with a mud house, a sandbag or a shelter in wood, ”Al-Qudwa said.

GAZA WAR COST

* 77,000 – Gazans displaced inside the country by the May conflict.

* 2,000 – Number of homes destroyed.

As governments and relief agencies pour money back into the reconstruction effort in Gaza, Al-Qudwa fears that the same fragile structures will be built, preventing residents from obtaining sustainable housing that represents the stability, permanence and hope for the future.

Al-Qudwa, who was born in 1976 to a Palestinian family in Benghazi, Libya, returned to Gaza at the age of 21 to study architectural engineering at the Islamic University of Gaza. He then obtained a doctorate. from the Oxford School of Architecture at Oxford Brookes University in the United Kingdom.

In 2020, he moved to the United States with his American-Palestinian family after earning a scholarship at Harvard Divinity School.

While working for Islamic Relief Worldwide, Al-Qudwa created the Poor and Damaged House Rehabilitation Project, which designed houses ranging from modest single rooms to spacious houses with communal courtyards, for more than 160 families in low income.

“I helped them build a kitchen, a bathroom and a bedroom and for them it was like they had a castle,” he said.

Prototype home design for the Gaza Strip allowing for future vertical incremental expansion for families affected by conflict. (Provided)

The project was so transformative that it was shortlisted for the World Habitat Award and received a 2018 commendation.

“The project undertaken with Islamic Relief allowed me to work on characterizing reconstruction projects in terms of feasibility,” Al-Qudwa said. It also taught her the importance of taking into account what communities really want in the form of sustainable and sustainable housing.

“This led me to see the need for simple architecture as well as a revaluation of traditional construction techniques, in connection with the participation of residents in the process of designing and building their houses.

Gaza’s minimalist architecture is the product of its dire circumstances. But Al-Qudwa sees his homeland’s rudimentary urban landscape, and even its shortage of building materials, as an opportunity for more positive social transformation.

Part of the challenge in Gaza comes from the Israeli blockade in place since 2007, which limits access to some building materials.

Al-Qudwa sees his homeland’s rudimentary urban landscape, and even its shortage of building materials, as an opportunity for more positive social transformation. (Provided)

Before the occupation, limestone was a material commonly used in local architecture. It is now far too expensive to import from the West Bank, making concrete from Israel the most popular material of choice.

Al-Qudwa is developing plans for three five-story concrete houses, each with proper insulation and built on solid foundations – in stark contrast to the emergency and transitional structures offered by aid agencies.

Unlike the monotonous block structures typically forged from concrete, Al-Qudwa uses the material creatively, enlivening his designs with nods to traditional Arabic motifs, incorporating lattice screens, brick patterns and even shared lessons.

Each structure has a row of columns, allowing additional floors to be added at a later date. “They are ‘columns of hope’ because with columns you get the idea that something will be added to the structure in a certain period of time,” Al-Qudwa said.

As he has shown through his designs, there are many ways to create low cost homes that are attractive and also maintain a sense of community even when resources are scarce.

As the Palestinians pick up the pieces of the latest carnage, Al-Qudwa’s work offers a glimmer of hope for a more permanent future, both structurally and psychologically. (Provided)

In addition, its new prototypes use solar water heaters, gray water recycling and rainwater harvesting systems – all crucial design elements in a region that has long suffered from power cuts and shortages. of water.

Al-Qudwa’s enduring designs run counter to other local reconstruction strategies, including Rawabi, which means “The Hills” in Arabic, the first town planned for and by Palestinians in the West Bank near Birzeit and Ramallah.

Spanning 6.3 square kilometers, the monotonous block-style structures are arranged in rows, similar to those found in Israeli settlements erected in the West Bank.

As the Palestinians pick up the pieces of the latest carnage, Al-Qudwa’s work offers a glimmer of hope for a more permanent future, both structurally and psychologically.

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Twitter: @rebeccaaprocteur




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Global Raw Aluminum Alloys Market to 2025 – Analysis, Forecast, Size, Trends and Outlook https://algeriatelevision.com/global-raw-aluminum-alloys-market-to-2025-analysis-forecast-size-trends-and-outlook/ https://algeriatelevision.com/global-raw-aluminum-alloys-market-to-2025-analysis-forecast-size-trends-and-outlook/#respond Tue, 08 Jun 2021 14:25:00 +0000 https://algeriatelevision.com/global-raw-aluminum-alloys-market-to-2025-analysis-forecast-size-trends-and-outlook/

the “World – Raw Aluminum Alloys – Market Analysis, Forecast, Size, Trends and Information” the report was added to ResearchAndMarkets.com offer.

The report provides an in-depth analysis of the supply and demand for crude aluminum alloys in the global market. It will help you find actionable insights and make data-driven decisions to grow your business. This report contains the latest data on market trends and opportunities, consumption, production, import, export and price development. The forecast reveals the market outlook to 2025.

Countries covered: Worldwide – the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India , Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

This report is intended for manufacturers, distributors, importers and wholesalers of raw aluminum alloys, as well as investors, consultants and advisers.

In this report, you can find information that helps you make informed decisions on the following issues:

1. How to diversify your business and take advantage of new market opportunities

2. How to charge your unused production capacity

3. How to boost your sales in foreign markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

In doing this research, we combine the accumulated expertise of our analysts with the capabilities of artificial intelligence. The AI-powered platform, developed by our data scientists, is the key work tool for business analysts, enabling them to discover deep insights and insights from marketing data.

Main topics covered:

1. Introduction

1.1 Description of the report

1.2 Research methodology and AI platform

1.3 Data-driven decisions for your business

1.4 Glossary and specific terms

2. Executive summary

2.1 Main findings

2.2 Market trends

3. Market overview

3.1 Market size

3.2 Consumption by country

3.3 Market forecast to 2025

4. World market

4.1 The best products to diversify your business

4.2 Best-selling products in the world

4.3 Most consumed products in the world

4.4 Most traded products

4.5 Most Profitable Products for Export

5. Most promising supplier countries

5.1 Main countries for sourcing product

5.2 Main producing countries

5.3 Main exporting countries

5.4 Low-cost exporting countries

6. The most promising overseas markets

6.1 Main overseas markets to export your product

6.2 Most consuming markets

6.3 Unsaturated markets

6.4 Main import markets

6.5 Most profitable markets

7. World production

7.1 Volume and value of production

7.2 Production by country

8. World imports

8.1 2007-2017 Imports

8.2 Imports by country

8.3 Import prices by country

9. World exports

9.1 2007-2017 Exports

9.2 Exports by country

9.3 Export price by country

10. Profiles of the main producers

11. Country profiles

For more information on this report, visit https://www.researchandmarkets.com/r/kss8qz

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210608005829/en/

Contacts

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The G-7 begins a global battle over corporate taxation https://algeriatelevision.com/the-g-7-begins-a-global-battle-over-corporate-taxation/ https://algeriatelevision.com/the-g-7-begins-a-global-battle-over-corporate-taxation/#respond Mon, 07 Jun 2021 10:32:08 +0000 https://algeriatelevision.com/the-g-7-begins-a-global-battle-over-corporate-taxation/

The flagship daily foreign policy newsletter with what’s happening in the world today. Delivered during the week.

June 7, 2021, 6:32 a.m.

Here is today’s one Foreign police in short: the G-7 agree on a minimum overall corporate tax rate, Peruthe presidential election of is too close to be called, and NATO Secretary General Jens Stoltenberg visit Washington.


The G-7 commits to corporate tax

G-7 countries have reached a milestone corporate tax treaty over the weekend, giving impetus to ongoing Organization for Economic Co-operation and Development (OECD) talks on a new global minimum rate and rekindling the relevance of the G-7 ahead of a leaders’ summit in England later during the week.

The two pillars of the agreement aim to fight tax havens by first reducing incentives for companies to “move” abroad. The first pillar establishes a minimum global corporate tax rate of 15% while the second allows each country to levy taxes on the profits made by large multinationals in that country rather than where the company can. have its seat.

The deal has been sold as a way to help countries increase revenues as the COVID-19 pandemic strains resources. It is also designed to deal with a decades-long race to the bottom in corporate tax rates and a simultaneous increase in the number of companies making profits overseas. The average global corporate tax rate was around 40% in 1980 and now stands at around 23%, according to the figures. compiled by the Tax Foundation. As globalization has increased, the amount of profits made abroad has also increased: in the 1990s, around 5% of company profits were made by companies located outside the country where they were headquartered. social. This proportion jumped up at around 18% in the 2010s.

As Michael Hirsh wrote in Foreign police Last Friday, US President Joe Biden’s team viewed the new corporate tax plan as an indirect way to advance its stated campaign goals of ruling over corporations and leveling the playing field for the workplace. “Every country is made worse by tax competition, especially workers. … When people say they think the system is rigged, and when you consider why we have such extreme inequality, taxation is a big part of the story, ”a Biden administration official told Hirsch. .

Saluting the agreement As a “significant and unprecedented commitment” in a statement released on Saturday, US Treasury Secretary Janet Yellen said the deal also shows the Biden administration’s commitment to global cooperation. “I believe what you are seeing is a revival of multilateralism”, Yellen mentionned. Along with lofty rhetoric, the deal also helps the United States avoid rising taxes on digital services, which nearly half of European countries have proposed or implemented as a way to tax tech giants ( mainly American).

Well done from the technology. Maybe that’s one way of explaining the positive reviews from Silicon Valley. Facebook spokesperson Nick Clegg mentionned the company wants “the international tax reform process to be successful and to recognize that this could mean Facebook is paying more taxes.” José Castañeda, Google spokesperson, mentionned those of the research giant “strongly support the work underway to update international tax rules.”

On the first obstacle. It is far too early for a victory lap from the Biden administration, however. A meeting of G-20 finance ministers in July will test the plan’s appeal to a wider group of nations. There are also the OECD negotiations themselves: since the organization governs by consensus, an agreement could be hampered by objections from tax havens. Finally, there is the United States Congress, where at least one chamber may not even be in the hands of Democrats at the time the issue is put to a vote.

Set the bar. The minimum corporate rate is still too low for some. “Heis absurd for the G-7 to claim that it is revision a failing global tax system by implementing a global minimum corporate tax rate that is similar to the soft rates practiced by tax havens like Ireland, Switzerland and Singapore ”, mentionned Gabriela Bucher, Executive Director of Oxfam. “They set the bar so low that businesses can just step over it. “


The world this week

At Tuesday June 8, discussions resume at the World Trade Organizations advising on trade-related aspects of intellectual property rights regarding an intellectual property waiver on COVID-19 vaccines and other medical tools.

US Vice President Kamala Harris meets Mexican President Andrés Manuel López Obrador the day after talks with Guatemalan President Alejandro Giammattei.

At Wednesday June 9, the Albanian Parliament votes on whether to impeach Albanian President Ilir Meta for allegations that he failed in his constitutional duty of national unity by supporting an opposition party in the April elections.

Mongolia is holding presidential elections, with former Mongolian Prime Minister Ukhnaagiin Khurelsukh seen as the frontrunner.

At Thursday June 10, British Prime Minister Boris Johnson welcomes Biden for a meeting the day before the G-7 summit.

Talks in Vienna regarding a US return to the 2015 Iran nuclear deal and the lifting of US sanctions are resuming. This is the sixth round of discussions.

At Friday 11 June Johnson welcomes his counterparts from the United States, Canada, Italy, France, Germany and Japan for the first G-7 leaders’ summit since 2019. Leaders from Australia, India and Korea from the South were also invited.

At saturday 12 june Algeria is holding early parliamentary elections as part of Algerian President Abdelmadjid Tebboune’s efforts to quell protests over the pace of reforms.


What we are tracking today

AMLOthe majority are shrinking. López Obrador’s Morena party and its allies emerged from the legislative elections on Sunday with a reduced majority, dashing the president’s hopes of enacting constitutional changes, which require a two-thirds majority. Morena is still expected to hold between 265 and 292 seats in Mexico’s lower house, according to the national electoral body. The results of 15 state governors the races are not yet known, although pre-election polls favored Morena in most of these contests.

Perus election. Peru’s ideologically polarized presidential election between socialist Pedro Castillo and conservative Keiko Fujimori is too close to call, according to unofficial results. A quick tally from Ipsos showed Castillo ahead of Fujimori by 0.4% while a previous poll out of the polls showed Fujimori 0.6% ahead. With only 42% of the votes counted, Fujimori leads Castillo by 52.9% to 47.1% in the official count.

NATO in Washington. NATO Secretary General Jens Stoltenberg is in Washington today for talks with Biden, US Secretary of Defense Lloyd Austin and US National Security Advisor Jake Sullivan. The meetings come as the organization prepares for its first Biden Presidency summit on June 14 in Brussels. Biden and Stoltenberg to discuss burden sharing, cyber attacks, climate change and ‘challenges’ for Russia and China, said Jen Psaki, White House press secretary mentionned Friday.


The lifeline of the CDU. The Christian Democratic Union (CDU) marked a decisive victory in the elections in the eastern state of Saxony-Anhalt on Sunday, bolstering Armin Laschet’s hopes of inheriting the chancellery from CDU member Angela Merkel in the national elections in September. According to a survey exit, the CDU improved its 2016 victory by six points, beating competition from the far-right Alternative party for Germany, which placed second. Despite a recent increase in national polls, the Green Party came in seventh, pointing to future difficulties for the party in the former East Germany.

The unrest in Colombia. Colombian President Iván Duque Marquez to ask lawmakers to approve new measures to respond to accusations of police brutality during weeks of protests that turned into an anti-government protest movement. The president calls for increased police surveillance and better training after human rights groups reported dozens of police killings in recent weeks. Negotiations between the government and protest leaders have stalled due to disagreements between the two sides over the preconditions for the talks.


The German military has more than troops to consider in its plans to withdraw from Afghanistan: 65,000 cans of beer (about 60 beers per soldier), as well as 340 bottles of wine, remain in German military stores at its base in Mazar, Afghanistan, north of Kabul. The drink glut likely formed when Ansgar Meyer, the commander in charge, banned alcohol consumption during the final days of the withdrawal (which is now expected to be completed in July). Since Afghans are prohibited from consuming alcohol, leaving cans behind is not an option. The German military authorities must now decide whether to ship the drinks home with their troops or dispose of them on the spot.


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Let’s not let this COVID crisis go to waste https://algeriatelevision.com/lets-not-let-this-covid-crisis-go-to-waste/ https://algeriatelevision.com/lets-not-let-this-covid-crisis-go-to-waste/#respond Sat, 05 Jun 2021 20:32:20 +0000 https://algeriatelevision.com/lets-not-let-this-covid-crisis-go-to-waste/

Let’s not let this COVID crisis go to waste

More than 2 billion doses of the vaccine have been administered worldwide, a promising statistic in global efforts to turn the tide of the COVID-19 pandemic. More progress is expected after the White House announcement making 75% of surplus U.S. vaccines available to the UN-backed COVID-19 Global Vaccine Access Program (COVAX) to address supply inequalities in the world and stimulate stalled campaigns, especially in developing countries.

This should bring some relief to countries in the Middle East and North Africa where COVID-19 continues to endanger public health, exacerbate socio-economic tensions, highlight political failures and bad news. governance, and to underline the cost of prolonged political intransigence. However, addressing the challenges unique to this region in the post-pandemic world will require much more commitment, investment and turnaround from the whole of society at levels far beyond the mere implementation of campaigns. effective vaccination programs designed only to cope with the acute phase. pandemic – not what comes after.

By the time most of the world is vaccinated against COVID-19, nearly half a billion dollars will be plunged into poverty, while those lucky enough to keep their jobs will face hours of work reduced to 6.5% worldwide. The pandemic will not only have disrupted entire economies or exposed glaring vulnerabilities in global supply chains. It will cast a shadow over many years to come, either as a stumbling block to the recovery or growth of some of the MENA’s developing economies, or as an unlikely accelerator for membership of the MENA region. region to economic transformations based on resilience, even to the rewriting of some of its increasingly dilapidated social contracts.

Fortunately, a relatively unspoken pearl of wisdom about any crisis is that it is also a source of opportunity. The brief lull of governments in the MENA region as state capacities appear to be focused solely on combating the pandemic, among a litany of other challenges, is an insurmountable chance to consider non-traditional solutions, the key to unlock long-term remedies for some of the region’s intractable socio-economic ills, including youth unemployment and the under-empowerment of women and girls.

COVID-19 has destroyed a disproportionate share of commerce, commerce, transport, travel and tourism in the MENA region. This exacerbates the problems in some countries in the Arab world already struggling with stubborn double-digit unemployment rates, especially among women and youth, rates which increase further as one moves away from the mainstream. large population centers. In addition, the region is experiencing a demographic explosion of youth; people aged 15 to 30 make up 30 percent of the population, a number that is expected to increase as the region’s population is expected to double over the next three decades.

Even before the pandemic, the MENA region was simply not producing enough jobs for its growing youth to find gainful opportunities despite the relative overall improvements in the quality of education driven by accelerating transformations in creation. knowledge economies of the future in the Gulf. The countries that emerged with new governments after the violent uproar of a decade ago have not fared better, managing modest growth but at levels still insufficient to reduce the growing number of young people who are not. in school, or looking for a job or training.

Traditional solutions are far from achieving the proposed objectives. Most governments still resist massive public sector reforms, and even if they were implemented, the private sector lacks sufficient support, reach and capacity to absorb a sudden influx of former public servants. Interim solutions to formalize certain types of work or to encourage employment in the agricultural sector lack widespread impact and are not sustainable without frequent government intervention. Meanwhile, as vaccination campaigns intensify and restrictions ease, the number of unemployed continues to rise and has started fueling protests in Tunisia, Lebanon, Algeria and Iraq.

Surprisingly, the MENA region is not entirely short of options, provided the work begins to lift traditional constraints on the free movement of people and talent. The pandemic has forced the whole world to turn to a hybrid workforce, where most people work remotely, which has many benefits for workers, employers, governments and even for climate change. There are very few, relatively surmountable barriers for MENA countries to harness this new trend and adopt some of its innovations to address the region’s intractable unemployment problems, while empowering women and even helping women. the recovery of private sectors affected by the pandemic.

Advances in technology and innovation to achieve this are not unprecedented, as the digitization of finance has dramatically expanded the coverage of financial services to previously unbanked regions, and new solutions are improving the efficiency of telemedicine, thereby transforming health care delivery. Most of the obstacles to this kind of progress are already well known, and the lessons of how they have been overcome in the context of the digitalization of finance and telemedicine are numerous. In addition, more than 450 fintech companies in the region are expected to raise more than $ 2 billion in funding by 2022, which means that interest in developing technology-based remote work solutions aimed at meeting the There’s no shortage of the region’s most intractable multigenerational challenge: getting its youth to work.

Certainly, there will always be concerns that transformative approaches for faster job creation, enhancing human capital and improving the overall competitiveness of the MENA region, could be costly, time-consuming and beneficial. for only a small segment of young people who can afford it. However, with the concerted support of international organizations working with civil society groups and backed by well-managed government initiatives, it is possible to harness the enormous yet unexplored potential of greater employment and employment. youth entrepreneurship.

In addition, a few entrepreneurs and job seekers themselves are already looking beyond traditional platforms to find work and embrace new tools and platforms to access opportunities traditionally limited to national borders. Elsewhere, specialized e-commerce channels have also emerged, allowing vulnerable young people and women, regardless of their location, to market their talents or products to a global audience.

Finally, the expansion of remote working in the MENA region will not only make available many previously reduced employment opportunities, but will also accelerate efforts to build some of the region’s knowledge economies and maximize their resilience to future shocks. . Another unintended positive consequence of adopting a hybrid workforce is the sharp increase in mobile literacy rates and greater absorption of intensive and episodic lifelong learning opportunities, which in turn builds human capital. .

This is all the more important as technical skills will have an increasingly shorter lifespan in the knowledge-based economies and advanced societies of the future. Thus, it is not enough to make young people work, national programs will also have to adapt to the new dynamics of the workforce. Employers increasingly prefer malleable, tech-savvy workers, who can easily tailor their skills as needed throughout their careers. Employees, on the other hand, are increasingly looking for remote work opportunities, which ensure sufficient flexibility to, for example, engage in lifelong learning opportunities in order to maintain their competitiveness in the workplace. the era of automation and the ever-changing demand for skills.

  • Hafed Al-Ghwell is a Senior Fellow at the Foreign Policy Institute at the John Hopkins University School of Advanced International Studies. Twitter: @HafedAlGhwell

Disclaimer: The opinions expressed by the authors of this section are their own and do not necessarily reflect the views of Arab News


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Zanzibar: New financing from the World Bank to increase access to electricity https://algeriatelevision.com/zanzibar-new-financing-from-the-world-bank-to-increase-access-to-electricity/ https://algeriatelevision.com/zanzibar-new-financing-from-the-world-bank-to-increase-access-to-electricity/#respond Sat, 05 Jun 2021 15:01:52 +0000 https://algeriatelevision.com/zanzibar-new-financing-from-the-world-bank-to-increase-access-to-electricity/

Renewable sources of electricity such as wind and solar have grown at their fastest pace in two decades in 2020, and are expected to expand in the coming years, according to a new report from the International Energy Agency. at a much faster rate than before the pandemic. Growth in Europe and the United States will be even more sustained than expected, offsetting the transitional slowdown in China after exceptional growth in 2020.

According to Latest IEA Market Update, the amount of renewable electricity capacity added in 2020 increased 45% in 2020 to 280 gigawatts (GW), the largest year-over-year increase since 1999. This additional power equals capacity total installed base of ASEAN, a grouping of 10 dynamic Southeast Asian economies.

The increase in 2020 is expected to become the “new normal”, with around 270 GW of renewable capacity being added in 2021 and nearly 280 GW in 2022, despite a slowdown in China after an exceptional level of additions per year. latest. This forecast was revised up by more than 25% from previous IEA estimates in November, as governments around the world auctioned record levels of renewable capacity and companies signed deals. power purchase record high, even as the pandemic spread demand macroeconomic uncertainties.

Shifting from electricity generation to renewable sources is a key pillar of global efforts to achieve carbon neutrality, but CO2 emissions are expected to increase this year due to a parallel increase in coal use, highlighting major policy changes and clean energy investments needed to meet climate goals.

“Wind and solar power give us more reason to be optimistic about our climate goals as they break record after record. Last year, the increase in renewable capacity accounted for 90% of the expansion of the entire global electricity sector, ”said Fatih Birol, executive director of the IEA. “Governments must build on this promising momentum with policies that encourage greater investments in solar and wind power, in the additional grid infrastructure they will need, and in other key renewable technologies such as hydroelectricity, bioenergy and geothermal energy. A massive expansion of clean electricity is essential to give the world a chance to meet its net zero goals. ”

Global wind capacity additions nearly doubled last year to 114 GW. This growth will slow down a bit in 2021 and 2022, but the increases will still be 50% larger than the average expansion during the 2017-19 period. Solar PV installations will continue to break new records, with annual additions expected to reach over 160 GW by 2022. This would be nearly 50% higher than the level reached in 2019 before the pandemic, affirming the position of the solar energy as the ‘new king’ of global electricity markets.

China has been at the center of global demand and supply for renewable energy, accounting for around 40% of global renewable capacity growth for several years. In 2020, China’s share rose to 50% for the first time due to a rush to complete projects before government subsidies were phased out. In 2021-2022, renewable energy growth in China is expected to stabilize at levels below the peak of 2020, but still 50% higher than it was in the period 2017-19. Any slowdown in China in the coming years will be offset by strong growth in Europe, the United States, India and Latin America where government support and lower prices for solar PV and wind continue to drive the installations.

China is the largest manufacturer of solar panels and wind turbines, as well as the largest supplier of raw materials such as silicon, glass, steel, copper, and rare earths needed for their construction. Supply chain constraints, especially due to a fire at a Chinese silicon plant last year, recently pushed up prices for PV modules, highlighting the potential vulnerabilities longer term.

In the United States, the growth in renewable capacity this year and next is mainly driven by the extension of federal tax credits. The forecast does not take into account the US administration’s new emission reduction targets or its infrastructure bill. If enacted, the bill would result in a much stronger acceleration in the deployment of renewable energies after 2022.

India’s capacity additions fell nearly 50% last year compared to 2019. However, growth is expected to rebound and renewable energy expansion is expected to set new records by 2022, thanks to the commissioning of delayed projects. However, the current surge in Covid-19 cases in India has created short-term uncertainty for this year.

The production of biofuels for transport decreased by 8% globally in 2020 as the pandemic limited travel. Production is expected to pick up this year to reach 2019 volumes and increase a further 7% in 2022 as biodiesel and hydrotreated vegetable oil (HVO) production increases globally and ethanol expands in India. .

However, the lingering effects of the Covid-19 crisis on demand, as well as the price competition for sugarcane from sweetener manufacturers in Brazil, continue to keep ethanol production in the United States. United and Brazil below 2019 levels. At the same time, HVO’s global production capacity is expected to nearly double over the next two years, significantly increasing the capacity to produce biofuels from waste feedstocks and residues.


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Senior Trump company official brought in to testify before grand jury, report says https://algeriatelevision.com/senior-trump-company-official-brought-in-to-testify-before-grand-jury-report-says/ https://algeriatelevision.com/senior-trump-company-official-brought-in-to-testify-before-grand-jury-report-says/#respond Fri, 04 Jun 2021 21:42:57 +0000 https://algeriatelevision.com/senior-trump-company-official-brought-in-to-testify-before-grand-jury-report-says/

One of the top Trump Organization officials was brought before a special grand jury convened by the Manhattan District Attorney’s Office to hear evidence against former President Donald Trump and his company, sources speaking to ABC News.

Jeff McConney, senior vice president and comptroller of the Trump Organization, is the first employee of the former president’s company to be called to testify, the sources say.

The official is one of many witnesses who have already appeared before the special grand jury, which will determine whether criminal charges are justified against the former president, his company or any of his employees.

Daniel R Alonso, the former Manhattan deputy chief prosecutor, told ABC News that testimony regarding the finances of the Trump Organization would be essential for the case against the former president and his company.

“Complex accounting issues are critical to this investigation, as is the knowledge and intent of the people in the Trump Organization involved in these transactions,” he said.

He explained that in cases with complex financial problems, a company’s controller – in this case Mr. McConney – is one of the most important witnesses.

“Either way, like this, the two most important people – whether as targets or witnesses – are the company’s chief financial officer and the company’s controller,” Alonso said.

Manhattan District Attorney Cy Vance has investigated the Trump Organization, including the financial transactions of the company’s chief financial officer, Allen Weisselberg.

He specifically investigates the “fringe benefits” offered to him by the company and whether appropriate taxes have been paid for such compensation beyond the man’s salary.

“If, as has been reported, the DA is targeting Allen Weisselberg, it makes sense to seek testimony from the Controller, who presumably reports to him and works with him on a daily basis,” Alonso said.

In previous reports, sources have said that Mr. Vance is seeking to induce Mr. Weisselberg to cooperate with the investigation.

Mr Weisselberg’s former daughter-in-law, Jennifer Weisselberg, has previously spoken about the investigation and cooperated with the investigation by discussing her time with the family.

“Some of the questions they were asking were about Allen’s compensation in the Trump Place apartment on Riverside Boulevard,” Ms. Weisselberg told ABC News.

Mr. Vance’s investigation into Mr. Trump’s business practices began with the testimony of former personal lawyer and fixer for the former president, Michael Cohen.

Part of the investigation is to determine whether Mr. Trump intentionally inflated the value of certain properties in order to obtain bank loans and deflated others to pay less taxes.

Mr. Trump attributed the investigation to another “witch hunt” against him.

“This is the continuation of the greatest witch hunt in American history,” Mr. Trump said in a statement last month. “It’s purely political, and an affront to the nearly 75 million voters who backed me in the presidential election, and it’s pushed by very partisan Democratic prosecutors.”


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African oil nations oppose global drive to avoid oil and gas https://algeriatelevision.com/african-oil-nations-oppose-global-drive-to-avoid-oil-and-gas/ https://algeriatelevision.com/african-oil-nations-oppose-global-drive-to-avoid-oil-and-gas/#respond Fri, 04 Jun 2021 16:00:00 +0000 https://algeriatelevision.com/african-oil-nations-oppose-global-drive-to-avoid-oil-and-gas/

Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and may consider setting up a continent-wide bank to finance new projects when international banks refuse to. finance new developments.

Nigeria, an OPEC member and Africa’s largest oil producer, this week hosted a roundtable on local content in oil and gas projects, attended by Nigerian Petroleum Minister Timipre Sylva, Secretary General from the Organization of African Petroleum Producers (APPO), Omar Ibrahim, and representatives of other African producers where oil and gas represent a significant share of gross domestic product (GDP). Nations present included Angola, Algeria, Egypt, Gabon, Cameroon and Niger.

“As more than 15 African countries produce and export crude oil, a sad reality is that our people have not taken full advantage of this natural resource,” Nigerian Minister Sylva said, reported by a local outlet. This day.

Increasing the share of local content in petroleum services and the industry supply chain is one of the ways to cope with the growing reluctance for financing oil and gas projects and the environmental backlash against fossil fuels, according to Sylva.

Simbi Wabote, executive secretary of the Nigerian Content Development Oversight Board (NCDMB), said Africa may need to create a continental bank to finance oil and gas projects now that major international banks are re-examining their exposure and their commitments to fossil fuels.

“Financial institutions and CIOs, even educational research institutions, which are innovation centers for the industry are closing their oil faculties in order to be seen as conforming to the global paradigm shift,” This Day said citing the secretary general of African Petroleum. Organization of producers, Ibrahim, as said.

“With over 100 billion barrels of oil still in our soil, most economies are still heavily dependent on oil revenues. Is Africa ready to give up producing those 100 billion barrels and classify them as wasted assets? ” Ibrahim added.

By Tsvetana Paraskova for OilUSD

More reads on Oil Octobers:

Read this article on OilPrice.com


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LNG trade hits record high in 2020 but growth slowed by COVID-19 -IGU https://algeriatelevision.com/lng-trade-hits-record-high-in-2020-but-growth-slowed-by-covid-19-igu/ https://algeriatelevision.com/lng-trade-hits-record-high-in-2020-but-growth-slowed-by-covid-19-igu/#respond Thu, 03 Jun 2021 08:05:35 +0000 https://algeriatelevision.com/lng-trade-hits-record-high-in-2020-but-growth-slowed-by-covid-19-igu/

By Jessica Jaganathan

SINGAPORE (Reuters) – Global liquefied natural gas (LNG) trade volume hit a record high last year, led by Asia, although growth was marginal as demand was slammed by restrictions induced by coronaviruses, according to a report by the International Gas Union (IGU).

Global LNG trade increased to 356.1 million tonnes last year, up 1.4 million tonnes or about 0.4% from 2019, mainly due to increased exports from states United and Australia, the group said in its annual report released Thursday.

This figure is lower than the growth of 40.9 million tonnes, or 11.5%, in 2019, the IGU said. But, LNG was one of the few commodities whose trade increased in 2020, he said.

“The LNG trade in 2020 was heavily impacted by COVID-19, as markets, cities and producers around the world grappled with lockdowns and a host of other disruptions,” the IGU said, which includes more than 160 members and advocates the use of gas.

Australia overtook Qatar as the world’s largest LNG exporter, while the United States and Russia remained the third and fourth largest exporters, respectively, he added.

In 2020, the United States exported 11 million tonnes, or about 33%, more than in 2019 due to new production from Freeport LNG, Cameron LNG and Elba Island. However, exports from Trinidad and Tobago, Malaysia, Egypt, Algeria and Norway declined, IGU said.

For imports, Asia represents 70% of global volumes with growth mainly driven by China, India, Taiwan and South Korea, Myanmar being a new importer.

“Although COVID-19 meant significant restrictions for some of these markets, they likely also took advantage of the period of falling prices in 2020 and bought additional volumes in the short term and the expansion of regasification capacity in some. case, ”the IGU said.

Prolonged shutdowns and the increased share of renewables in the energy mix reduced net imports into Europe by 4.3 million tonnes.

COVID-19 has also severely affected liquefaction development, with companies delaying final investment decisions on projects until 2021 and later due to the uncertain economic climate, with developers prioritizing deferral of capital spending, said declared the IGU.

For example, a total of 87.3 million tonnes per year (mtpa) of capacity is expected to be sanctioned in 2020, but a single 3.25 mtpa project in Mexico has been approved.

New regasification projects in China and India will continue to support gas demand while projects under construction in Ghana, El Salvador, Cyprus and Nicaragua and expected to come online over the next two years could see these countries make their mark. first LNG purchases, IGU said.

(Reporting by Jessica Jaganathan; Editing by Christian Schmollinger)


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Let’s not let this COVID-19 crisis go to waste https://algeriatelevision.com/lets-not-let-this-covid-19-crisis-go-to-waste/ https://algeriatelevision.com/lets-not-let-this-covid-19-crisis-go-to-waste/#respond Thu, 03 Jun 2021 07:00:00 +0000 https://algeriatelevision.com/lets-not-let-this-covid-19-crisis-go-to-waste/

Fortunately, a relatively unspoken pearl of wisdom about any crisis is that it is also a source of opportunity. The brief lull of governments in the MENA region as state capacities appear to be focused solely on combating the pandemic, among a litany of other challenges, is an insurmountable chance to consider non-traditional solutions, the key to unlock long-term remedies for some of the region’s intractable socio-economic ills, including youth unemployment and the under-empowerment of women and girls.

COVID-19 has destroyed a disproportionate share of commerce, commerce, transport, travel and tourism in the MENA region. This exacerbates the problems in some countries in the Arab world already struggling with stubborn double-digit unemployment rates, especially among women and youth, rates which increase further as one moves away from the mainstream. large population centers. In addition, the region is experiencing a demographic explosion of youth; people aged 15 to 30 make up 30 percent of the population, a number that is expected to increase as the region’s population is expected to double over the next three decades.

Even before the pandemic, the MENA region was simply not producing enough jobs for its growing youth to find gainful opportunities despite the relative overall improvements in the quality of education driven by accelerating transformations in creation. knowledge economies of the future in the Gulf. The countries that emerged with new governments after the violent uproar of a decade ago have not fared better, managing modest growth but at levels still insufficient to reduce the growing number of young people who are not. in school, or looking for a job or training.

Traditional solutions are far from achieving the proposed objectives. Most governments still resist massive public sector reforms, and even if they were implemented, the private sector lacks sufficient support, reach and capacity to absorb a sudden influx of former civil servants. Interim solutions to formalize certain types of work or to encourage employment in the agricultural sector lack widespread impact and are not sustainable without frequent government intervention. Meanwhile, as vaccination campaigns intensify and restrictions ease, the number of unemployed continues to rise and has started fueling protests in Tunisia, Lebanon, Algeria and Iraq.

Surprisingly, the MENA region is not entirely short of options, provided the work begins to lift traditional constraints on the free movement of people and talent. The pandemic has forced the whole world to turn to a hybrid workforce, where most people work remotely, which has many benefits for workers, employers, governments and even for climate change. There are very few, relatively surmountable obstacles for MENA countries to harness this new trend and adopt some of its innovations to address the region’s intractable unemployment problems, while empowering women and even helping women. the recovery of private sectors affected by the pandemic.

Advances in technology and innovation to achieve this are not unprecedented, as the digitization of finance has dramatically expanded the coverage of financial services to previously unbanked regions, and new solutions are improving the efficiency of telemedicine, thereby transforming health care delivery. Most of the obstacles to this kind of progress are already well known, and the lessons of how they have been overcome in the digitalization of finance and telemedicine are many. In addition, more than 450 fintech companies in the region are expected to raise more than $ 2 billion in funding by 2022, which means that interest in developing technology-based remote work solutions aimed at meeting the There’s no shortage of the region’s most intractable multigenerational challenge: getting its youth to work.

Certainly, there will always be concerns that transformative approaches for faster job creation, enhancing human capital and improving the overall competitiveness of the MENA region, could be costly, time-consuming and beneficial. for only a small segment of young people who can afford it. However, with the concerted support of international organizations working with civil society groups and backed by well-managed government initiatives, it is possible to harness the enormous yet unexplored potential of greater employment and employment. youth entrepreneurship.

In addition, a few entrepreneurs and job seekers themselves are already looking beyond traditional platforms to find work and embrace new tools and platforms to access opportunities traditionally limited to national borders. Elsewhere, specialized e-commerce channels have also emerged, allowing vulnerable young people and women, regardless of their location, to market their talents or products to a global audience.

Finally, the expansion of remote working in the MENA region will not only make available many previously reduced employment opportunities, but will also accelerate efforts to build some of the region’s knowledge economies and maximize their resilience to future shocks. . Another unintended positive consequence of adopting a hybrid workforce is the sharp rise in mobile literacy rates and greater absorption of intensive and episodic lifelong learning opportunities, which in turn builds human capital. .

This is all the more important as technical skills will have an increasingly shorter lifespan in the knowledge-based economies and advanced societies of the future. Thus, it is not enough to make young people work, national programs will also have to adapt to the new dynamics of the workforce. Employers increasingly prefer malleable, tech-savvy workers, who can easily tailor their skills as needed throughout their careers. Employees, on the other hand, are increasingly looking for remote work opportunities, which ensure sufficient flexibility to, for example, engage in lifelong learning opportunities in order to maintain their competitiveness in the workplace. era of automation and the ever-changing demand for skills.

  • Hafed Al-Ghwell is a Senior Fellow at the Foreign Policy Institute at the John Hopkins University School of Advanced International Studies. Twitter: @HafedAlGhwell

Disclaimer: The opinions expressed by the authors of this section are their own and do not necessarily reflect the views of Arab News

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).


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