CR IP TI ON BS SU
MONDAY, MARCH 18, 2013
Cyprus delays EU bailout debate as MPs baulk at terms
JAMADA ALAWWAL 6, 1434 AH
In China’s shadow, Gitmo Uighurs languish on Palau
America at the tipping point: The changing face of a nation
www.kuwaittimes.net
Raikkonen upstages big rivals to win Aussie GP
NO: 15751
as debt deal to become law
40 PAGES
150 FILS
24Govt 12 14 18 to set up ‘family fund’ Foreign relations panel discusses border with Iraq By B Izzak conspiracy theories
Dead industries?
By Badrya Darwish
badrya_d@kuwaittimes.net
KUWAIT: The National Assembly’s financial and economic affairs committee and the government yesterday finalized a deal that requires the government to waive hundreds of millions of dinars in interest on the loans taken by Kuwaiti citizens, the head of the panel said. MP Youssef Al-Zalzalah that according to the final formula, which is expected to be passed as legislation by the Assembly tomorrow, a special fund called the family fund will be established by the government. The fund will purchase all outstanding
loans taken by Kuwaitis in the period between Jan 1, 2002 and March 30, 2008, waive all existing interest on them and reschedule the repayment in easy instalments not exceeding 40 percent of the debtors’ income. Zalzalah said that based on the final agreement, the deal will cover those who took loans from conventional as well as Islamic banks and financial companies in that period. Debtors who are under the government’s defaulters fund, established in 2009, can also benefit from the new debt relief scheme. There is no mention of expatriate debtors benefitting from the bailout. The agreement was struck despite crit-
icism by various quarters including several MPs because they did not think that the settlement is fair or comprehensive. The bankers union also slammed the deal, saying it will only marginally benefit Kuwaiti debtors and claimed it is designed to mainly benefit banks. The Assembly’s foreign relations committee meanwhile discussed the latest developments on the Iraqi-Kuwaiti borders with foreign ministry undersecretary Khaled Al-Jarallah. Secretary of the committee MP Taher Al-Failakawi said the foreign ministry team informed the committee that markers extending 205 km on the borders with Iraq from Salmi and
Max 28º Min 15º High Tide 4:23 & 15:14 Low Tide 09:42 & 22:35
Umm Qasr have been repaired and border railings installed without any problem and with total cooperation from Iraqis. The team said that there was a problem only between markers 104 and 105, extending just around 400 m, where the railing could not be installed because of three Iraqi houses that need to be demolished, Failakawi said. He said Kuwait had already compensated the Iraqi farmers on the borders for their houses and farms and that an agreement has been reached to build 200 housing units for these farmers three kilometers away from the borders. Continued on Page 2
W
hen was the last time you went to the post office? I do not mean paying a visit to the post office as paying a visit to the museum. I mean when was the last time you went to send a letter or a parcel? When was the last time you needed a watch to check what time it was and not just wear it on your wrist as a piece of jewelry? When was the last time you printed pictures on paper in a photo studio? I did all these many years ago. The other day when I was in London, I noticed many post offices have closed down. The Postman Pat business has been shrinking and we all know why. Since the birth of the Internet, communicating with friends and family has become instantaneous. It is so fast and easy to do it through email or Facebook. Now you don’t even need to be stuck behind your computer to send letters to your family. Today all the communication is done from your mobile phone. The post office business is not the only industry that is being hit by the advancement of technology. The watch industry has also been hit. People no longer rely on watches to check the time. They do not need them. Your mobile shows the correct time. Your iPad and iPod all show the time. I am sure that many in the watch industry have vanished or went bankrupt but we do not hear much about it. The photography business has also been shattered. The cameras are there but there is no need to develop a film at a studio. You no longer have to rush to print your pictures in the studio a day after your holiday. It is all done from the phone. You can send the picture to your friends immediately. You can share the image with the whole world by posting it on Facebook. We never think about the poor guys who lost their jobs in the dark studios developing films with pictures. Or maybe they have disappeared. Where is the watchmaker with his magnifying glass? If you need one, you should look hard. You might find one in the country. Cassettes and DVDs are a thing of the past too. I remember renting movies from a rental place and making a deposit which used to serve as an insurance that the movies will be returned. These are stories from the good old days. Maybe the young generations do not even know that these places existed? Maybe they are today a part of the curriculum called “science of the past”. All these were here 10 years ago. Do we now look at them with nostalgia? It is scary when I sit and think of it seriously. It is too fast. What will take place in 10 years and which industries will vanish? Nothing is impossible.
‘Pray for me’, new Pope urges at first Angelus
ABU DHABI: An Emirati man stands on a balcony overlooking the Shams 1 Concentrated Solar Power (CSP) plant in the Al-Gharibiyah district on the outskirts of the Emirati capital yesterday during the inauguration of the facility. — AFP
UAE opens largest solar power plant MADINAT ZAYED, United Arab Emirates: Oil-rich Abu Dhabi yesterday officially opened the world’s largest Concentrated Solar Power (CSP) plant, which cost $600 million to build and will provide electricity to 20,000 homes. The 100-megawatt Shams 1 is “the world’s largest concentrated solar power plant in operation”, said Sultan Al-Jaber, the head of Abu Dhabi’s Masdar, which oversees the emirate’s plan to generate seven percent of its energy needs from renewable sources by 2020. “Today, Shams 1 is the largest CSP plant in all terms,” said Santiago Seage, chief executive officer of PAGE
Abengoa Solar, one of the partners in the project. CSP uses a system of mirrors or lenses, whereas many other solar plants around the world use photovoltaic technology to harness solar power. Masdar now produces 10 percent of the world’s concentrated solar power, Seage said during the official inauguration. The company’s energy portfolio represents 68 percent of renewable energy produced in the Gulf region, where clean energy remains at an infancy stage. The solar park features long lines of parabolic mirrors spread Continued on Page 13
Lampard goal lifts Chelsea to third
PAGE
Iran launches destroyer in Caspian
ANZALI, Iran: Iranian President Mahmoud Ahmadinejad waves during the inauguration ceremony of the Jamaran-2 guided missile destroyer in this Caspian Sea port city yesterday. — AP
TEHRAN: Iran launched a domestically built destroyer in the Caspian Sea yesterday, its first deployment of a major warship in the oil-rich region, state T V repor ted. President Mahmoud Ahmadinejad inaugurated the guided missile destroyer Jamaran-2 in the port city of Anzali, about 250 km northwest of Tehran. He said the deployment aimed to bolster peace and friendship in the region. “ The destroyer is there to meet those who want to jeopardize the security of surrounding nations,” he said, without elaborating. There are multiple disputes between the nations that surround the Caspian Iran, Russia, A zerbaijan, K azak hstan and Turkmenistan - on how the inland sea should be divided. After final tests, the report said, Jamaran-2
will join Iran’s naval fleet in the sea in coming months. The 1,400-ton destroyer, which has a helicopter landing pad, is 94 m long and can cruise at 30 knots. It is equipped with surface-to-surface and surface-to-air missiles as well as antiaircraft batteries and sophisticated radar and communications terminals, the report said. Iran launched a previous version of the Jamaran destroyer in 2010 in the Arabian Gulf. Since 1992, Iran has been building a self-sufficient military, reportedly producing its own jet fighters, tanks, missiles and light sub marines as well as torpedoes. Ahmadinejad said that the West has learned from Iran’s technical exper tise that the countr y ’s nuclear capabilities cannot be eliminated. — AP
Palestinian mother of martyrs dies in Gaza GAZA CITY: A Palestinian lawStrip. maker known as the “mother The video showed of martyrs” who praised and Mohammed holding hands supported three of her sons with his mother, who prayed who were killed while carryfor him to become a “martyr”. ing out deadly attacks against Armed with grenades and Israelis died yesterday, a Gaza automatic rifles, he broke into official said. Mariam Farhat, a study hall, killing five semiwho said she wished she had nary students before he was Mariam Farhat 100 sons to die while attackshot dead by a soldier. In a ing Israelis, died in a Gaza city hospital of video that mother and son made health complications including lung ail- together just before the attack, Farhat ments and kidney failure, health official said: “I wish I had 100 boys like Ashraf Al-Kidra said. She was 64. The Mohammad. I’d sacrifice them for the mother of 10 first came to attention in sake of God.” “When I see all the Jews in 2002 when she recorded a farewell Palestine killed, that will be enough for video with her 19-year-old son, me,” his mother said on camera. “I wish Mohammed, giving him her blessing the he will kill as many as he can, so they will night before he undertook a shooting be scared.” attack in a Jewish settlement in the Gaza Continued on Page 13
GAZA CITY: Masked Hamas militants kneel next to the flag-draped body of Hamas militant and lawmaker Mariam Farhat during her funeral at the AlOmari Mosque yesterday. — AP