NEW DELHI: India’s antitrust watchdog has ordered Dubai’s DP World and Denmark’s A.P. Moller-Maersk and to withdraw certain customer adviseries which it said could hamper growth of the country’s largest container port in Mumbai, a document seen by Reuters showed.
The Competition Commission of India (CCI) last year ordered a probe into suspected antitrust violations by DP World and Maersk units at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT).
Handling 66 million tons of cargo in the last fiscal year to March, JNPT is critical to India’s international trade. The port handles more than half of India’s traffic in shipping containers each year.
The probe was ordered as the CCI found merit in a complaint filed by Singapore’s PSA International, which alleged the rival duo had created barriers to hinder the growth of PSA’s terminal by colluding on certain charges they levy at the port.
Though the terminal operators handle each other’s containers to help boost the port’s efficiency, PSA had alleged that DP World and Maersk last year issued adviseries aimed at discouraging port users from sending PSA’s containers to their terminals.
In an order issued by the CCI on Jan. 15, the watchdog ordered Maersk and DP World units to withdraw those adviseries, saying it “smacks of anti-competitive” conduct.
The adviseries, if not withdrawn, would cause “irretrievable damage or losses” not only to PSA, and would not augur well for the port’s development, according to the order. It has not been made public.
“This is likely to generate unwarranted uncertainty, chaos, discontent and anxiety among shipping lines and customers,” the CCI said.
The order is only an interim measure, and the wider probe continues.
A DP World spokesperson said the company had not received any such order from the Indian watchdog, but it was “committed to ensuring” it complies with all laws.
A.P. Moller-Maersk, the world’s biggest container shipping group, did not respond to queries. PSA, which is owned by Singapore government-owned investment fund Temasek Holdings, declined to comment.
The antitrust dispute at the JNPT is based on so-called inter-terminal transfers.
Under the system, freight trains arriving at JNPT typically carry containers destined for several terminals, but stop at just one that handles all the cargo on a given day. Other operators then collect their containers by truck for loading at their own terminals. A similar procedure is followed, in reverse, when imported containers are unloaded.
DP World’s advisory had said the inter-terminal operations with PSA were “inefficient and unviable.” Maersk had said its terminal “shall not be responsible” for handling containers to and from PSA-terminal bound trains.
Both the companies denied PSA’s allegations while arguing to the CCI that the adviseries were based on “commercial justifications,” the order said.
Units of Maersk, DP World and PSA operate four of the JNPT port’s five terminals, with the fifth owned by the government. The PSA terminal, inaugurated in February, is planned to be the largest, expected to nearly double JNPT’s capacity.
India watchdog orders DP World unit to withdraw some notices to clients at Mumbai port
India watchdog orders DP World unit to withdraw some notices to clients at Mumbai port
- India has been investigating antitrust violations at Mumbai port
- DP World, Maersk unit asked to withdraw some customer adviseries
Al-Baha’s monuments: A pivotal testament to civilizational advancement
- Characterized by intricate designs, the residential buildings, castles, and forts embody a harmonious fusion of environmental adaptability and cultural resonance
RIYADH: Nestled in Al-Baha region in southwestern Saudi Arabia lies a treasure trove of ancient architecture in the quaint villages that dot its landscape.
Characterized by intricate designs, the residential buildings, castles, and forts embody a harmonious fusion of environmental adaptability and cultural resonance.
Crafted with precision, these structures seamlessly integrate with the rugged terrain and fluctuating climate, while also paying homage to the long-standing customs and traditions of ancient Arab society.
Seventy-three-year-old Mohammed bin Salem Al-Ghamdi told Saudi Press Agency: “For decades, I have dedicated myself to the craft of stone house construction.”
Currently, he and his companions are diligently crafting a stone room, employing stones as their primary building material. Together, as a cohesive team of builders, craftsmen, and eager participants, they collaborate harmoniously to bring their vision to life. He described it as both a hobby and inheritance passed down through generations.
“In every construction endeavor, we rely on what’s known as the cornerstone, strategically positioned at the room’s corners. Additionally, a lengthy stone, referred to as the ‘link,’ is essential for connecting each stone within the structure. We also use sturdy stones known as ‘Al-Mateen’ or ‘Al-Daher’ to fortify the room’s foundation.
“Moreover, we meticulously place ‘Al-Lazza’ stones, tiny yet significant, within the larger stones, ensuring a seamless fit without any gaps or openings in the room’s structure,” he added.
“Once the corners are meticulously stacked and leveled, I proceed to roof the room with wood. This involves utilizing a series of wooden beams cut to specific lengths to interconnect all corners of the room. Next, I scatter small plants across the wooden framework to fully cover the ceiling, upon which clay is applied to secure the structure. This method ensures durability against erosion and rainfall, further reinforced by specific paving techniques.”
Al-Ghamdi emphasized the importance of post-construction plastering with clay, which not only gives the interior an earthy tone but also regulates the temperature — ensuring warmth in winter and coolness in summer.
He mentioned the practical use of juniper trees for doors and windows, facilitating easy replacement and serving a dual purpose in construction.
Dr. Abdulaziz bin Ahmed Hanash, professor of urban design at Al-Baha University, highlighted the profound significance of human construction in Al-Baha region, portraying it as a living chronicle of urban civilization’s evolution over time.
He underscored the traditional architecture and urban legacy of Al-Baha as foundational elements, inherently distinguishing the region. With its wealth of historical landmarks spanning the Sarat and Tihamah regions, the area has gained the attention of state authorities, who aim to nurture its potential as both a summer and winter tourism hotspot through strategic development initiatives.
USA Olympic basketball team announced, set to play 2 matches in Abu Dhabi
- Team coached by Steve Kerr of Golden States Warriors will face Australia (July 15) and Serbia (July 17) in the UAE capital
COLORADO SPRINGS: The 2024 USA basketball men’s national team has been announced for this summer’s Olympic Games in Paris, taking place July 26-Aug. 11
The team, selected by national men’s team managing director Grant Hill and approved by the USA Basketball Board of Directors, will also play two preparation matches in Abu Dhabi against Australia (July 15) and Serbia (July 17).
Starring for the team will be 12 athletes with extensive international experience, including three-time Olympic champion Kevin Durant (Phoenix Suns) and the NBA’s all-time scoring leader LeBron James (Los Angeles Lakers), who owns a pair of Olympic gold medals.
In addition to Durant and James, the team features Bam Adebayo (Miami Heat), Devin Booker (Phoenix Suns), Stephen Curry (Golden State Warriors), Anthony Davis (Los Angeles Lakers), Anthony Edwards (Minnesota Timberwolves), Joel Embiid (Philadelphia 76ers), Tyrese Haliburton (Indiana Pacers), Jrue Holiday (Boston Celtics), Kawhi Leonard (LA Clippers) and Jayson Tatum (Boston Celtics).
The squad boasts a combined 11 Olympic appearances and 10 Olympic gold medals as well as three FIBA World Cup titles. In total, the US will take 12 NBA All-Stars, four NBA MVPs and six NBA champions to Paris.
“It’s an honor to introduce the men’s national team,” Hill said. “I’m grateful to these 12 men for their commitment to represent USA Basketball. The US is home to some of the best basketball players in the world and I appreciate the vast interest in being part of this roster. These decisions weren’t easy, but it was a pleasure to go through the process and reach this outcome.
“We have the utmost respect for the level of competition we will face this summer. The Olympics represent the pinnacle of sport and the world will be watching the USA as we play in the toughest basketball tournament in history.”
Durant, who is also a 2010 World Cup gold medalist, is the USA’s all-time Olympic statistical leader in total points (435), scoring average (19.8 ppg), field goals (146), 3-point field goals (74) and free throws (69). He ranks third in rebounds (118) and blocks (16), and fourth in games played (24) and assists (71).
James, who has scored 273 points (3rd all-time among Americans) in the Olympics, will compete in his fourth games and first since 2012. He won gold in 2008 and 2012, and made his Olympics debut in 2004 (bronze). James also owns a 2007 FIBA Tournament of the Americas gold medal.
Adebayo (2020), Booker (2020), Davis (2012), Holiday (2020) and Tatum (2020) have won Olympic gold medals and are part of a group that has gone 34-4 in Olympic competition since James’ debut in 2004.
Curry is a two-time World Cup champion (2010, 2014) and will make his Olympic debut this summer. He is one of six players who has competed at the World Cup, including Davis (2014), Durant (2010), Edwards (2023), Haliburton (2023), James (2006) and Tatum (2019). Of the seven World Cup participants, three (Curry; Davis, 2014; Durant, 2010) have also won gold and two (Edwards, 2023; Durant, 2010) have taken home All-Star Five honors. Edwards and Haliburton competed at the 2023 FIBA Men’s World Cup in Manila, helping to secure the US’ Olympic bid.
Embiid and Leonard will make their USA Basketball national team debuts when the US hosts Canada on July 10 at T-Mobile Arena in Las Vegas to open the USA Basketball Showcase.
The men’s national team will be led by head coach Steve Kerr (Golden State Warriors), assisted by Mark Few (Gonzaga University), Tyronn Lue (LA Clippers) and Erik Spoelstra (Miami Heat). Last summer, the quartet coached the side to a fourth-place finish at the 2023 FIBA Men’s World Cup in Manila.
“My staff and I are honored to coach this amazing group of players in our quest to win Olympic gold in Paris,” Kerr said. “We plan to represent USA Basketball with the utmost class and we hope to make our country proud.”
The US officially qualified for the Paris Games as one of the top two nations from the FIBA Americas zone at the 2023 FIBA World Cup in September. The American men will compete for their fifth straight — and 17th overall — Olympic gold medal.
As part of Group C, the US will face Serbia on July 28, South Sudan on July 31 and the winner of the Olympic Qualifying Tournament in Puerto Rico on Aug. 3 in the first round of the Olympic tournament. The five-on-five Olympic basketball group phase will take place in Lille, France, before the tournament moves to Paris for knockout and medal rounds.
Over 600 IT firms, 100 foreigners attend ITCN tech conference in Lahore
- The three-day exhibition is set to fetch nearly $500 million investment from a dozen countries
- The companies participating in the expo include Microsoft, Inbox, Lenovo, HP, NetSol and Dell
ISLAMABAD: More than 600 IT companies, 55,000 participants, and around a hundred foreign delegates are attending an ongoing 24th edition of the ITCN Asia Conference in the eastern Pakistani city of Lahore, Pakistani state media reported on Friday, citing officials.
The main sessions at the three-day tech event include the Artificial Intelligence Summit, Global Security Symposium, Gaming and Scholars Roundtable, Investor Summit, Freelancer Summit, Made in Pakistan Roundtable Conference.
State Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said the objective of the event was to highlight the expertise and products of Pakistan’s IT sector at the international level.
“Sixty eight percent of Pakistan’s population consists of young people and IT is a field that has a lot of opportunities available for them,” she told Radio Pakistan broadcaster. “The government’s vision is to bring as much skill training as possible for the youth in the IT sector.”
Khawaja said the government would provide cheap loans to the IT sector so that freelancers could thrive.
“The government has started the Industry Academia Bridge Program under which IT students in universities can collaborate with the private sector to get practical training while studying and secure their jobs,” she added.
Speaking on the opening day of the event at Lahore’s Expo Center on Friday, Khawaja said it was an honor for Pakistan to be a founding partner of the Digital Cooperation Organization, a global multilateral body launched in November 2020 to help enable digital prosperity for all, and a testimony to the country’s readiness to be one of the leading stakeholders in the global IT ecosystem.
“Pakistan’s digital progress and its position as a global stakeholder is underscored by its vibrant youth as Pakistan produces 10,000 IT graduates every year,” she said.
“Together we will make Pakistan an IT hub as IT is the key toward growth of all sectors.”
A delegation of international investors belonging to 12 different countries is participating in the event that is expected to attract around $500 million investment, according to Pakistani state media.
Renowned international and national technology companies, including Microsoft, Inbox, Red Hat, TP-Link, Lenovo, HP, NetSol, Abacus and Dell, are participating in the three-day exhibition.
The event is being jointly supported by the Pakistani Ministry of Information Technology and Telecommunication, Pakistan Telecommunication Authority, Special Investment Facilitation Council (SIFC), Pakistan Software Export Board and Pakistan Software Houses Association.
Kuwait economic fund signs coordination MoU with ILO
- MoU aims to coordinate joint actions in economic and social development in developing countries
WASHINGTON: The Kuwait Fund for Arab Economic Development has agreed a memorandum of understanding with the International Labor Organization to enhance development cooperation, Kuwait News Agency reported.
The MoU was signed by KFAED Acting Director General Waleed AI-Bahar and ILO Assistant Director General for External and Corporate Relations Laura Thompson on the sidelines of the 2024 spring meetings of the International Monetary Fund and World Bank in Washington DC.
The MoU establishes a framework for technical cooperation and aims to coordinate joint actions in economic and social development in developing countries. This includes exchanging expertise and information in economic, financial and commercial sectors.
The five-year renewable agreement focuses on collaborative activities aligned with the goals of both organizations in the countries in which they operate. The partnership will also involve sharing resources in areas of mutual interest such as statistics, policy enhancement, youth economic empowerment, gender equality at work, crisis response and South-South cooperation.
Regular consultations are planned to ensure effective coordination of operations in the targeted nations.
Eastern European mercenaries suspected of attacking Iranian journalist Pouria Zeraati
- UK security services believe criminal proxies with links to Tehran carried out London knife attack
LONDON: Police said on Friday that a group of Eastern European mercenaries is suspected to have carried out the knife attack on Iranian journalist Pouria Zeraati in late March.
Zeraati was stabbed repeatedly by three men in an attack outside his south London home.
The Iran International presenter lost a significant amount of blood and was hospitalized for several days. He has since returned to work, but is now living in a secure location.
Iran International and its staff have faced repeated threats, believed to be linked to the Iranian regime, which designated the broadcaster as a terrorist organization for its coverage of the 2022 protests.
Iran’s charge d’affaires, Seyed Mehdi Hosseini Matin, denied any government involvement in the attack on Zeraati.
Investigators revealed that the suspects fled the UK immediately after the incident, with reports suggesting they traveled to Heathrow Airport before boarding commercial flights to different destinations.
Police are pursuing leads in Albania as part of their investigation.
Counterterrorism units and Britain’s security services leading the inquiry believe that the attack is another instance of the Iranian regime employing criminal proxies to target its critics on foreign soil.
This method allows Tehran to maintain plausible deniability and avoids raising suspicions when suspects enter the country.
Zeraati was attacked on March 29 as he left his home home to travel to work. His weekly show serves as a source of impartial and uncensored news for many Iranians at home and abroad.
In an interview with BBC Radio 4’s “Today” program this week, Zeraati said that while he is physically “much better,” mental recovery from the assault “will take time.”
