India gripped by mood of crisis as rupee falls again

By James Crabtree in Mumbai and Victor Mallet in New Delhi

The Indian rupee fell to a new low against the dollar on Wednesday and stocks declined after a central bank promise to inject liquidity into the country’s financial markets provided only temporary relief from a deepening sense of crisis….

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Saudi Arabia is a Peninsula of Stability in the Region – Said Pak Ambassador

Faiz Al-NajdiBy: Faiz Al-Najdi

Muhammad Naeem Khan – the Pakistani Ambassador to Saudi Arabia – has said that Saudi Arabia has emerged as a “peninsula of stability” in the region. He was speaking as the Chief Guest on the occasion of investiture ceremony of the newly elected office bearers of Pakistan Investors Forum-Riyadh (aka: PIF) – at Riyadh Palace Hotel on Tuesday evening. This event was attended by about 500 persons that included several high officials from SAGIA (Saudi Arabian General Investment Authority, Riyadh Chamber of Commerce & Industries (aka: RCCI), Saudi officials from various Saudi departments that included: Passport, Labor, Police departments and several noted Saudi businessmen. Many Pakistani professionals and members from the Pakistani community also attended.

Received via Email: faizalnajdi@gmail.com

 

Facebook wants to give gift to the entire world

Facebook-led project seeks Internet access globally for all

By Reuters

New York (Reuters) – Facebook Inc’s Chief Executive Mark Zuckerberg has enlisted Samsung Electronics Co Ltd, Qualcomm Inc and four other companies for a project aimed at bringing Internet access to people around the world who cannot afford it, following efforts by Google Inc.

The project, called Internet.org, is the latest move by an Internet company trying to expand Web access globally. Facebook rival Google is hoping technology, including balloons, wireless and fibre connections will expand connectivity.

Internet.org, which was launched on Wednesday, will focus on seeking ways to help the 5 billion people – or two-thirds of the world’s population – who do not have Internet access, come online, the company said in a statement.

It added that so far, only 2.7 billion people around the world have Internet access.

The partnership’s potential projects will include the development of lower-cost smartphones and the deployment of Internet access in underserved communities as well as working on ways to reduce the amount of data downloads required to run Internet applications, according to Facebook.

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