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Avoid Urban Crisis
FOR the past several years all the ingredients have been in place for an urban crisis. Unemployment has hovered above 15 percent in many of our most distressed cities. High-poverty neighbourhoods have spread beyond cities and into the suburbs. The housing collapse has left large sections of communities boarded up. And yet our cities have been relatively quiet. Crime remains at its lowest point since the early 1970s, public housing complexes have not fallen into disrepair, and large numbers of homeless people have not emerged on the streets ...
Pitfalls Of The Internet
AS police investigators peel away the layers of the Boston Marathon bombing, there are two aspects of this unfolding story to which I want to react: the mindset of the alleged bombers and the role of the Internet in shaping it. Important news about both was contained in a single Washington Post article. "The 19-year-old suspect in the Boston Marathon bombings has told interrogators that the American wars in Iraq and Afghanistan motivated him and his brother to carry out the attack, according to US officials familiar with the interviews," The Post reported. The officials said, "Dzhokhar and his older brother, Tamerlan Tsarnaev ...
Al Watan - Arabic Newspaper
Nation Business Sports Chill Out
Oredoo may report 13.8% Q1 profit rise today



OOREDOO arm Oman’s Nawras made its largest oneday decline in six months on Monday after the telecommunications operator posted a fifth straight drop in quarterly profit, weighing on a downbeat Muscat bourse.

Nawras dropped 6.8 percent, its biggest fall since October 22, to slump to a 10- week low.

Ooredoo, which is due to report its earnings on Tuesday, ended flat. Analysts on average forecast it will post a 13.8 percent increase in quarterly profit.

The operator, majorityowned by Qatar’s Ooredoo, reported a 21 percent drop in first-quarter profit on Sunday, missing analysts’ estimates.

“Capital expenditure is expected to be high this year, so 2013 will be a challenging period even with mobile penetration and data revenue increasing,” said Kanaga Sundar, Gulf Baader Capital Markets head of research.

Kuwait’s Wataniya, another Ooredoo subsidiary, last week posted a 31 percent drop in first-quarter profit, also a fifth straight quarterly decline.

Oman’s index fell 0.9 percent to a three-week low, but is up 6.3 percent in 2013.

“Omani equities are in a consolidation phase,” added Sundar.

“We expect range-bound activity to prevail during this quarter amid expectations of lower volumes during the summer.” Dubai’s index gave back early gains to end lower for a first session in seven, easing from Sunday’s 3-1/2-year high as investors booked gains in some of this year’s top performing stocks.

“The fact we hit a new high before closing lower could be a trigger for more profit taking in the coming days we need to take a breather,” said Sebastien Henin, portfolio manager at The National Investor.

Widam Food’s Q1 profit touches QR20.6mn, sales up 19.5%
Falling oil prices may hit GCC’s growth next year

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