Letter Requesting Donation for School
Our Lady of the Tower School, Deir El Ahmar — atiejelmouallem.com
Our school “Lady of the Tower School for the Sisters of the Holy Family” is located in Bekaa- Lebanon in the district of Deir El Ahmar. It is on the main road between Btedhi and Chlifa. Its ultimate goal is our children’s spiritual and educational lives.
From 1932 till now, our school still taking care of poor children, but due to the economic circumstances in Lebanon in general, and in our school in particular, we require your generous attention in the form of donation. Your donation and help can bring a smile to thousands of faces by helping them to achieve a good life and to continue their learning in our school.
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Why City of London remains prime spot for GCC investment – Arabianbusiness
Highlights:
– The Lord Mayor of the City of London William Russell said that he estimated current investments from the GCC nations – Kuwait, Bahrain, Saudi Arabia, Qatar, Oman and the UAE – are greater than 140bn ($195bn).
– He believed future investments seem to be heading more toward green finance and fintech.
– He said the prospect of an eventual trade deal with the GCC, which would collectively make it a bigger trading partner for the UK than China, would be a giant step forward.
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Davos is dead, and the coronavirus killed it | Financial Times — www.ft.com
Highlights:
– The Davos crowd seek quick fixes, takeaways, action points and deliverables, rather than dwelling on the thoroughly uncomfortable reality of our condition, for fear of going into depression or becoming paralysed by inertia.
– We would be much better led and served by rotating committees of old-timers and trusted servants than by the present mix of plutocracy and kakistocracy of people-pleasers willing to say anything and to go to any length to stay in power.
– Instead of meeting once a year in huge numbers at the top of the Magic Mountain, let us take part in ongoing, regular virtual processes in relatively small numbers over years, punctuated here and there with in-person gatherings down in the plains.
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Living at AlJurf
Find Out More About Living at AlJurf
AlJurf Gardens harnesses nature’s raw beauty and combines it with refined heritage-inspired architecture and contemporary design to present a sanctuary of wellness and calm.
Throughout the villa spaces, the refined and controlled raw beauty of nature is repeated in different scales, to showcase its exquisiteness across every typology of homes, gardens and courtyards.
Inquire here
Fledgling UAE rail network step towards bridging the Gulf | MENAFN.COM
Highlights:
– When completed, Etihad Rail will operate 1,200 kilometres (750 miles) of track connecting all of the emirates — from Ghweifat in the western region of Abu Dhabi to the emirate of Fujairah on the eastern coast — and link with neighbouring Saudi Arabia.
– The long-term plan is to be part of a wider railway network that would connect all six Gulf Cooperation Council countries, including Bahrain, Kuwait, Oman and Qatar as well as the UAE and Saudi Arabia.
– So far there has been little progress on the multi-billion-dollar GCC railway, which has languished after a feasibility study was approved by the six countries back in 2004.
– The Etihad Rail project will connect the country’s key centres of trade, industry and population.
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What the Crypto Crowd Doesn’t Understand About Economics – Bloomberg — www.bloomberg.com
Highlights:
– Fiat currency won’t just go away, so over the long run crypto could actually boost the value of the dollar by stifling the rise of potential competitors.
– A second point, oft-neglected in the crypto community, is that crypto prices won’t continue to go up forever at high rates.
– If we eventually arrive at a world in which equities are expected to rise by say 5% to 7% a year, and Bitcoin by say 1%, then that will be a sign crypto has made it. The more general point is that while crypto has been a highly unusual asset class for its entire history, it won’t act like an unusual asset class forever.
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Mark Cuban Calls for Stablecoin Regulation After Trading Token That Crashed to Zero — www.bloomberg.com
Highlights:
– Here’s a chart you never want to see. It’s of the Defi Titanium token, which in one day went from being valued at around $60 to $0.
– As for what triggered this collapse? According to Rekt.news, the TITAN coin had become wildly overpriced (you can see that surge on the chart). Then people began selling it — triggering a high amount of volatility, overwhelming arbitrage opportunities and causing everyone to run to the door.
– Mark Cuban writes in to talk about his experience and that, among other things, he thinks regulation should be put in place to define what a stablecoin actually is.
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Rich Russian Sued Rothschild Bank in New York Claiming Fraud Over Oil Fortune – Bloomberg — www.bloomberg.com
Highlights:
– Hovering over the case is the allure of Swiss banks as the world’s safest repositories of wealth.
– In 2001 Bogdanchikov, 63 chose the Luxembourg unit to manage his money, attracted by its pedigree and the duchy’s low-tax regime, according to the lawsuit.
– Bogdanchikov, who is suing the bank through his family investment company, never gave it the authority to override his investment directions, he claims in the lawsuit.
– Ultimately Bogdanchikov learned that Thewes had duped him with false account statements for years, he alleges in the lawsuit.
– He lost more than $81 million and tens of millions more in growth he would have enjoyed with prudent management, according to the complaint.
– Filimonov and OIM proved to be terrible investment advisors, as one would expect from an investment firm selected by Rothschild based on its willingness to participate in a kickback scheme,” Bogdanchikov alleges.
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Shrinkflation Is the Grocery Store’s Inflation Secret – Bloomberg
Highlights:
– This practice became increasingly common in the 1960s and 1970s when manufacturers confronting runaway inflation tweaked packaging rather than hike prices
– This kind of sleight-of-hand became ubiquitous. Everything from cans of tuna fish to jars of spaghetti sauce contained less and less. Advocacy groups like the Consumers’ Union (now Consumer Reports) inveighed against downsizing, but the practice remained widespread.
– Some companies took an entirely different tack that wasn’t, strictly speaking, shrinkflation. Instead of shrinking their package, they made them bigger – and proudly advertised that fact. But what they didn’t acknowledge was that the new, more ample size was actually more expensive on a unit-price level.
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