Jerusalem, Israel David E. Miller – Egypt has barely entered its post-revolutionary era, but the hunt is already on for the country’s missing big money. Legal proceedings as well as public naming and shaming are being used as Egypt struggles to follow the money trail of corruption.

Minister of Trade and Industry Samir Sayyad on Sunday banned the export of gold from Egypt, saying that “exceptional circumstances” forced the government to take action to preserve the country’s wealth. The cabinet approved reopening on Tuesday of the stock exchange, which had been kept closed since Jan. 25 out of concern it will be used to funnel capital out of the country.

A list of Egyptians and Arabs owning private jets in Egypt was published on Monday by the weekly Al-Fagr. The list was topped by Gamal Mubarak, the son of deposed President Hosni Mubarak, who was alleged to own a private jet and a pilot’s license.

In the long list of protestors’ grievances against the Mubarak regime, especially the coterie of business people surrounding Gamal Mubarak, corruption and profiteering were at the top. Reports of Hosni Mubarak’s personal wealth reached the unlikely sum of $70 billion.

Some economists have expressed concern that the bad name reform and privatization got from the Mubarak era will make it difficult for the new government to undertake changes the economy needs to resume growth and create jobs. But analysts said they didn’t believe the pursuit of ill-gotten gains would turn into a general witch hunt against Egypt’s rich.

“There is general hostility towards the business community in Egypt,” Samer Soliman, a professor of political economy at the American University in Cairo (AUC), told The Media Line. “The police regime of Mubarak had strong ties with the business community … [but] “I believe most businessmen in Egypt should be happy, because the new era will bring an end to the nepotism associated with Gamal Mubarak.”

Soliman said the best-connected business people in Egypt were justifiably worried, an inevitable price paid for collaborating with Mubarak. But, he added, suspicion is mainly being directed at specific people and not the business community as a whole.

A new grassroots body called the Egyptian Front for Reclaiming the People’s Wealth emerged in early February, claiming that a former Egyptian official transferred some $620 million from Barclay’s Bank in Britain to UBS Bank in Switzerland. Muhammad Mahsoub, the group’s secretary-general, said he submitted the allegations to Egypt’s attorney-general and called on Egyptians to forward him any new information on high-level corruption.

A date was set Sunday to begin trying former Interior Minister Habib Adly on charges of money laundering and accepting bribes. Adly, previously accused of violently cracking down on protesters in Cairo, is being charged with receiving five million Egyptian pounds ($850,000) from a contractor in return for illicitly approving building projects.

Egypt’s Illicit Gains Authority (IGA) has requested legal authorities to investigate at least 13 other ministers, in addition to several party members, for illegally accumulating vast amounts of money. All of the editors-in-chief of state-run newspapers are being investigated as well.

“For the first time in three decades the public is starting to believe that the law is being applied to all and that no one is above the law,” columnist Mona Al-Nahhas wrote in Al-Ahram, an Egyptian daily.

Hossam Bahgat, executive director of the Egyptian Initiative for Personal Rights, a Cairo-based human rights group, said public frustration with the rich was understandable in a country where 40 percent of the population lived under the poverty line, according to data collected by the World Bank. He added, however, that public criticism of corruption shouldn’t be confused with criticizing the rich.

“The business elite worked closely with President Mubarak,” Bahgat told The Media Line. “But the beautiful thing about the revolution is that it united all segments of society, rich and poor.”

Meanwhile, provisions were underway to ensure clean governance in the future Egypt. Prime Minister Ahmad Shafiq announced on Sunday the establishment of a task force to prevent conflicts of interest between the state and ministers. Soliman of AUC said Shafiq, a former army general who served under Mubarak and maintained strong ties with Egypt’s business elite, is being kept in power by the military which understood the importance of free enterprise in rebuilding Egypt.

“We are still in a transition period that will not last forever,” Soliman of American University said. “The private sector is imperative for Egypt, and will be the dominant force in the economy.” He added that the Supreme Council of the Armed Forces, currently in control of Egypt, will soon try to appease the Egyptian business community.

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Some ways of using Facebook for your Business:

• Earn people trust

If you earn people trust, 90% of your job is done. Nowadays with a lot of escrows roaming around, people find it difficult to trust someone. Fill your profile completely, giving all the details about you and your business. This will help to earn trust

• Create a custom Facebook Fanpage for your business.
• A custom facebook fanpage will increase the popularity of your business.
• Keep updating with fresh news and contents
• This will attract curious people a lot.
• Always respond to your fans queries and questions.

This is very important. Always keep in touch with your fans through the interacting platform.

1. Add your facebook signature in your signature emails, forums, business cards, etc
2. Share useful articles and news related to your Facebook fanpage.
3. Use other social media to connect to your facebook account and hence promoting it.
4. Increase you number of fans by sharing your fanpage to others.
5. Share statistics to gain credibility.
6. Use Facebook ads for you fanpage to taget more people and hence more fans.
7. Join relates groups and fanpages with high number of people to share yours.
8. Market your product accordingly by posting pakage deals.
9. Use interesting marketing strategies.
10. Post events that will be organized and make It public.
11. Post your newsletter subscription in your profile or business fanpage.

With over 500 million registered users, Facebook is one of the most important Social site and one of the biggest advertising Hubs for businesses. So you should learn how to make the full use out of facebook to stay in competition.

Jerusalem, Israel Arieh O’Sullivan – Adopting an attitude of “If you can’t beat ‘em, go around ‘em,” Palestinian computer programmers have developed a simple text-messaging system to help cope with surprise or crowded checkpoints set up by the Israeli army across the West Bank.

Called “Ezma,” or Arabic for traffic, the program is sustained on a user-fed databank that ferries it to subscribers, much like a traffic monitoring system in other countries.

“We in the West Bank suffer from many roadblocks especially between cities. Sometimes they’re surprise checkpoints and they’re crowded so what is normally an hour-and-a-half-long trip can find us sitting for more than five hours,” Muath Al-Badawi, one of the programmers, told The Media Line. “And sometimes the checkpoints are unmanned or gone. Drivers need this information.”

The checkpoints, which Israel says are needed to thwart the movement of terrorists, are a thorn in the side to ordinary Palestinians traveling the roads of the West Bank to work, shop or transport goods. The International Monetary Fund calls the checkpoints the biggest obstacle to putting the economy of the region back on its feet after the so-called Second Intifada.

Al-Badawi and his fellow computer geek, Hammam Samara, both 23 years old and residents of Ramallah, are currently in negotiations with the Palestinian mobile phone companies Jawwal and Wataniya to perfect the system before it is launched.

While mobile phone penetration in the Palestinian Authority areas is high, Al-Badawi said one of the challenges they faced was designing technology for simple phones.

“Most drivers don’t have smart phone education or GPS maps of the West Bank. So we decided on a text-based solution to solve this problem,” he said. “The drivers can just SMS [short messaging system] information on the traffic and can receive it via an SMS.”

Al-Badawi said the program “still needed work” but could support both English and Arabic. They haven’t worked out all of the marketing concepts yet, but said they were planning to credit subscribers based on reports they send in. Others could also pay for membership, he added.

The new roadblock-monitoring system was presented at a “Start up Weekend” organized by the Peres Center for Peace, which brought together Israeli entrepreneurs and computer programmers with a handful of Palestinians to discuss joint ventures.

Haggai Alon, a former adviser on the Palestinian economy to the Israeli Ministry of Defense, praised the innovation but said it doesn’t address the main problem facing the Palestinian economy, which is the presence of the roadblocks themselves.

“The paradox is that there is no relation between the number of roadblocks and the economic situation because the [Israeli] army’s freedom of movement remains and the security effectiveness of the roadblocks has been under a big question mark for some time,” Alon said on Israel radio.

Israel says it has significantly reduced the number of roadblocks in the territories since they peaked some five years ago when terrorist attacks were more prevalent and the security barrier between Israel and the Palestinian Authority had not yet been completed. Today, there are 13 roadblocks around Jerusalem and some 40 others, most of these on the border, but also a number in the heart of the West Bank.

This doesn’t include the scores of “surprise” roadblocks the Israeli security services set up temporarily across the territory. It is these that the “Traffic” programmers mainly sought to remedy with information that told drivers their location so they could seek alternative routes.

As far as the Israeli army is concerned, the venture was no longer really necessary.

“The days of long lines don’t exist anymore. The IDF has learned the lessons and has even set up special units to deal with roadblocks,” Lt. Col. Avital Leibovitz, an IDF spokeswoman, told The Media Line. “The lines of the past years you don’t see anymore. Of course, you can wait sometimes for 20 minutes, but that can happen to you in any traffic jam.”

But Alon said lines or no lines, he perceived a real threat coming from technology savvy Palestinians such as Al-Badawi and Samar, who are, like their peers, leading revolutions in Egypt and Tunisian.

“In light of the recent current events, we should understand that these very same Facebook youth – the computer programmers and SMS developers who are finding solutions to coping with the checkpoints and how not to stand at roadblocks – they are likely to create the same revolutionary wave against the standing order and then we will all become nostalgic,” Alon said.

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D.C., Washington, United States (AHN) – Senate Democrats started to draft a budget bill to prevent a political standoff and federal shutdown next week. The draft budget yields to Republican demands to reduce the size of government.

The bill will expedite around $33 billion in program cuts and reductions that were included in U.S. President Barack Obama’s proposed budget for 2012.

Included in the cuts are those adopted by the Republican controlled House of Representatives, such as $8.5 billion worth of Obama’s pet projects.

Both houses need to fast track the budget approval because the temporary measures that finance federal operations are set to expire March 4. Unless a new spending measure is approved, the federal government will have to shut down.

Republicans said they welcome the move by the Senate Democrats to comprise on cuts. The House last week reduced $61 billion from domestic agency budgets for March to September. The cuts were denounced by the White House and congressional Democrats too drastic and pose a potential harm to the American economy.

Republicans insist the $61 billion cut is still not enough. They pointed to a new Gallup poll that said 25 percent of survey respondents agree with the Republican spending plan and 37 percent even want deeper cuts.

To further curb spending, Nevada Republican Senator John Ensign introduced a bill in January to mandate all low-security inmates to work 50 hours a week. Ensign said aside from reducing government cost, the measure would give the prisoners some purpose in life and an opportunity to learn skills.

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Jet Airways Premier International Airline of India has strengthened its popular Edujetter for 2010-2011 to provide students who have secured admission to educational institutions abroad, attractive. Edujetter offers include excess baggage, business cards, discounts on exchange rates, Bonus JP Miles for airline frequent flyer program, health insurance, discount coupons on courier and luggage.

The new program Edujetter applies to all students who travel from India to Great Britain, Australia, Europe, Singapore, Malaysia, Hong Kong, USA and Canada from now until March 31 2011. Under the program, students must obtain a wide range of benefits including the allocation overweight between thirty and sixty kilograms. According to destination and 1000 JP Miles on Register for Airlines loyalty program Jet Privilege, which causes a free ticket after the first flight. In addition students will also enjoy INR 1000 worth of free time from clay Telecom without activation, deactivation or sending three of 35 per cent discount vouchers Fed Ex shipping overseas, a travel card, ICICI Forex reduced rates, ICICI Lombard Student Health Insurance and a 20 percent discount on Samsonite luggage and accessories.

According to Mr. Sudheer Raghavan Chief Commercial Officer of Jet Airways – Jet Airways initiative Edujetter is very popular for students abroad, and is specifically designed to ensure that they are funny, smooth travel experience. Future India is in the hands of those Women and brightest young men and Edujetter initiative is our way of supporting them.

Jet Airways India is the largest private airline in India and is head quartered in Mumbai. Jet Airways was launched in May 1993 after the government of India adopted the policy of opening to allow private operators to operate scheduled services in India.

Jerusalem, Israel David Rosenberg – Diageo, the world’s biggest liquor maker, is making an unlikely bet on Turkish tipplers.

The British company agreed on Monday to pay 1.3 billion pounds ($2.1 billion) to buy Mey Icki, Turkey’s biggest distiller and the country’s leading maker of raki, an anise-flavored beverage downed by Turks more than any other alcoholic beverage except beer.

Diageo is looking at the shot glass half full – Turkey’s strong economy, rising prosperity and urbanization to encourage more drinking. But others, like Seyfettin Gürsel, a professor at Istanbul’s Bahcesehir University who conducted a study of tax policy and consumption trends, sees it half empty – and draining fast. He contends that Turkish Prime Minister Recep Tayyip Erdogan is determined to deter drinking in conformance with Islam’s ban on alcohol.

Erdogan’s alcohol policy strikes at the heart of the debate among Turks as to whether the prime minister and his Justice and Development Party (AKP) want to preserve Turkey’s democratic institutions or are they gradually putting it on the path to an Islamic state. Often termed “mildly Islamist,” the AKP’s rule in Turkey is being held up as a model for Egypt and other countries seeking a balance between democracy and religion.

Like other Muslim countries, Turkey has never been a nation of big drinkers. The World Health Organization (WHO) put Turkish alcohol consumption at a mere 1.7 liters per person per year in 2005, about the same as its Muslim neighbors Syria (1.1) and Lebanon (1.7). But across Turkey’s European border, drinking is many times that level. The typical (Christian) Greek imbibes 9.2 liters and Serbians 10.1 liters each, according to WHO figures.

Turks are near teetotalers by European standards, and the amount of alcohol they consume has probably dropped since then, according to a study by Bahcesehir University Center for Social and Economic Research. The government has boosted taxes on alcohol by 129 percent since 2003 – a year after AKP took power – boosting prices after subtracting for inflation by 28 percent.

Turkey’s special consumption tax (SCT) on spirits was introduced in 2002, replacing an 18 percent value-added tax that had been imposed on alcohol. The SCT rate rose under the AKP to a peak of 63 in 2009, when public protests caused it to retreat. However, the government replaced the lowered SCT with other taxes. In October last year, the government slapped a 30 percent increase on raki. Other rules ban sports teams from being named after alcoholic drinks.

The latest barrier to be erect between a Turk and his drink was a new rule announced in January that will ban alcohol from appearing in advertising and place further limitations on licenses. That prompted a Facebook group “Let’s Drink to the AKP” to band together to fight the measure.

Gürsel, the Bahcesehir University professor who led the study, said higher taxes caused alcohol consumption by households to fall 26 percent between 2005 and 2008. And, he doesn’t think Turkey’s tipplers opted to drink at bars instead, because his data show that alcohol production fell by about the same rate, or 27 percent, in the period.

The government denies it is on an anti-drink drive. It says the higher taxes are only aimed at bringing in extra revenue for the government and at discouraging drunkenness, no different than most countries in the West, which discourage excessive drinking as a threat to health and safety.

“I might have a certain attitude against alcohol in my personal life and within my family, but as we are democratic, in addition to conservative, we are very sensitive about not imposing our personal judgments on society,” Erdogan told a conference of the Turkish Industry and Business Association last month.

But Soner Cagaptay, director of Turkish research at the Washington Institute for Near East Policy, doesn’t accept that. He calls the program of higher taxes and other restrictions a “cultural war” against alcohol.

“The [AKP] party is changing Turkey, not by changing laws but through administrative measures,” he wrote in the Hurriyet daily last May. “If the general public can’t afford to buy a bottle of raki or wine, alcohol will diminish first from their daily lives, then from their lives in general.”

A one-liter bottle of raki, which is typically served at meals in middle class homes, now averages about $35.

But Diageo, whose brands include Johnnie Walker whisky and Smirnoff vodka, sees the trends in Turkey differently.

Turkey’s economy is growing rapidly, in sharp contrast to the mature, slow-growth markets of Europe. Turkey’s population of 74 million is the third-largest in Europe and gross domestic product powered ahead 8 percent last year. Diageo cites figures showing the number of households with income of $15,000 or more will grow by half in the next four years to 60 percent of the population.

Moreover, some 800,000 new legal-drinking-age consumers are joining the ranks of Turkish tipplers every year because Turkey’s population is so young. Even as AKP was making the cost of a drink more onerous, the market grew 14 percent in five years to 2010 in volume terms, accord to Diageo. Raki accounts for about a quarter of all Turkish spirits sales and Diageo’s new acquisition controls three quarters of the market for the product.

“What we’re seeing is an emerging middle class opportunity,” Stephen Doherty, Diageo’s director of communications, told The Media Line. “The middle class segment is growing – that’s what’s really driving the opportunity. People are becoming more economically empowered.”

Doherty said the company was confident that Ankara isn’t anti-alcohol. “We believe Turkey is an attractive predictable market with stable government that is interested in supporting growth,” he said.

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Doha, Qatar (AHN) – British Prime Minister David Cameron, on a trip to the Middle East, has urged Iran to stop its ambitious nuclear weapons program or face fresh sanctions.

Expressing grave concerns on Iran’s nuclear program, Cameron said that the Islamic nation is becoming a “pariah” state and vowed to vigorously work to force the government to change its course.

On a stop in Qatar, Cameron said that Iran would remain a grave concern to the international community because of its intention to acquire nuclear weapons. “They are already suffering from international sanctions, their economy is weak and vulnerable and the regime only survives by cracking down on its political opposition. On its current path, Iran is set to become an international pariah state with no friends, no money, nowhere to go,” the British leader said.

Amid growing international concerns, the United Nations has imposed a fourth round of sanctions last year over Iran’s defiance to stop uranium enrichment on its soil-a move, Western nations believe, is aimed at developing a nuclear bomb under civilian cover. However, Iran vehemently denies the allegations and claims that its nuclear program is to meet the country’s growing energy demands.

While Cameron doesn’t find anything wrong in Britain selling weapons to Arab leaders-a statement he made during his Kuwait visit–he said the international community did not want a nuclear arms race. In Kuwait, he justified his decision to bring eight arms manufacturers on his Gulf tour. “A properly regulated trade in defense is nothing we should be ashamed of. The fact that there are British defense companies on this visit – BAE, Thales and others – is perfectly right in this regard,” he said.

Turning his attention to political reforms in the Gulf, Cameron threatened that Middle Eastern nations could lose the European Union’s funding. Cameron’s aide said that the EU grants 2.4 billion euros annually to Middle East nations to promote democracy, adding that the its Neighborhood Policy funding had “completely failed.”

He added that the time had come to “turn off this tap” of aid. The official said, “On all the big things you would expect the EU to stand up for, there has been very little progress. At the same time we continue to pour money into Egypt and other countries of the region. We can’t be in this position, where we are using our taxpayers’ money, other member states’ taxpayers’ money… when we are not getting anything in return.”

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Manama, Bahrain David Rosenberg – Investors in the Gulf region are getting the jitters as the turmoil in Bahrain brings closer to home the political risk enveloping the Middle East.

Dubai’s stocks dropped to the lowest level in almost six months on Monday, with the index shedding 1.3 percent to 1516.43. The Tadawul All Share Index in Saudi Arabia slipped 0.6 percent and Qatar’s QE Index fell 0.8 percent, bringing its total loss since mid-January to 8 percent.

Bahrain’s marker declined 0.4 percent.

Bahrain was calmer on Monday even as protestors gathered again at Pearl Square, the center of the unrest in the country. At least seven people were killed and hundreds injured in clashes with security personnel in the previous week. In Kuwait, protestors representing the country’s 100,000 stateless residents also took the streets demanding citizenship.

Mass protests have forced the leaders of Tunisia and Egypt to step down and are posing threats to the rulers of Libya and Yemen, sparked by a combination of political repression and economies that have failed to deliver jobs or rising standards of living. But the Gulf had been spared any unrest and even benefited as oil prices rose.

“Coming into the new year, people were pretty optimistic,” Akram Annous, Middle East and North Africa strategist at Al Mal Capital in Dubai, told The Media Line. Oil prices were climbing, governments around the region were slated to spend billions in infrastructure development and Dubai was emerging from its debt woes “Then you got hit with his unexpected event …which has thrown a wrench into everyone’s model.”

Gulf stock markets were briefly laid low two weeks ago at the peak of the unrest in Egypt, but investors rapidly determined that the turmoil was unlikely to reach the shores of the Gulf, where oil profits shield the economies from inflation and poverty. That view is now being upset.

Bahrain’s sovereign credit ratings were cut on Monday by Standard & Poor’s Ratings Services, which warned that the rankings may be lowered further. S&P reduced the country’s long-term rating to A-minus, the fourth-lowest investment grade, the short-term rating to A-2 and placed the debt on its Creditwatch with negative outlook.

“We expect the demonstrations that have taken place over the past month will persist, despite the government’s use of force to clear the protesters from central Manama,” S&P said.

Debt insurance costs for Middle Eastern sovereign debt continued to rise on Monday, with Bahrain’s five-year credit default swaps eight basis points (bps) higher at a new 18-month high of 305 bps. Dubai’s rose nine bps to 440.

Nevertheless, most analysts said they were optimistic that the Gulf region would remain calm.

“In Qatar and the United Arab Emirates, you won’t have national or popular revolt. People are for the most part content. The expat population is much larger and they are guests,” Theodore Karasik, director for research and development, at the Institute for Near East and Gulf Military Analysis in Dubai, told The Media Line. “Only in Saudi and Bahrain do you have this Sunni-Shiite issue.”

The countries of the Gulf Cooperation Council — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) — are all ruled by monarchs who tolerate little dissent. But they are also very wealthy, and their rulers have acted to ensure their economies provide jobs, schools and health facilities.

Qatar, with an indigenous population of just 850,000 and some of the world’s biggest oil and gas reserves, has a per capita gross domestic product of $145,000, the highest in the world.

Bahrain, whose per capita GDP is just over $40,000, has little oil of its own but has led the way in developing a diversified economy. A quarter of its GDP is generated by financial services and it is home to the world’s biggest aluminum smelter. But Bahrain is an exception to the general demographic rule of the region in that the majority of its population is Shiite Muslims who feel disenfranchised and face discrimination in access to jobs and services, while its ruler is a Sunni.

Saudi Arabia, with a population of almost 26 million and a $620 billion economy, also has a Shiite minority accounting for as much as a fifth of its population and concentrated in its oil-rich eastern province. But Annous said he doubted the kingdom was at risk for the same kind of upheavals.

“What’s happening in Bahrain is unique to Bahrain 100 percent,” Annous said. “It’s a much more complex situation in Saudi though. I don’t think it’s fair to draw comparisons.”

But Karasik warned that if the unrest in Bahrain continues, it risks spreading to Saudi Arabia, which is a key ally of the U.S. and the West in the confrontation with Iran over the latter’s nuclear program and its bid to become a regional power.

“The collapse of Bahraini leadership would open another Pandora’s box that has dramatic implications for the style of governance in the GCC as well as the strategic relations the GCC states have with the West,” Karasik said.

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Current digital products have become essential items of life, but in travel or travel can not charge the battery runs out but really a headache, often help at this time on the solar charger busy. Solar digital products charge using solar energy to recharge, not place restrictions on occasions, very convenient.

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