Two loans totalling $1.3 billion will be provided by the Manila-based bank to support “the Pakistan government’s emergency needs to prevent significant adverse social and economic impacts.” “ADB is committed to providing wide-ranging support to strengthen Pakistan’s economy and reduce the risk of external economic shocks,” the bank's Director General for Central and West Asia Werner Liepach said in the communique. Another policy-based loan of $300 million was approved to help Pakistan to help build energy infrastructure. The proposal for financing was approved after the Islamabad government implemented a series of reforms which have been noticed by global rating agency Moody’s Investor Service earlier this month. The agency upgraded the credit outlook of Pakistan to stable from negative which provided confidence to the ailing economy, which is struggling to improve its current account deficit and strengthen its revenue base. The agency believes … [Read more...] about Asian Development Bank Approves $1.3 Billion Loan to Pakistan as its Economy Continues to Strengthen
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An employee at Beard Papa's Sweets Cafe and makes cream puffs when the San Francisco store opened in 2006. A location is will open at 23119 Colonial Parkway in Katy Asian Town on August 18. An employee at Beard Papa's Sweets Cafe and makes cream puffs when the San Francisco store opened in 2006. A location is will open at 23119 Colonial Parkway in Katy Asian Town on August 18. Photo: Frederic Larson, Staff / SFC Photo: Frederic Larson, Staff / SFC Image 1 of / 4 Caption Close Image 1 of 4 An employee at Beard Papa's Sweets Cafe and makes cream puffs when the San Francisco store opened in 2006. A location is will open at 23119 Colonial Parkway in Katy Asian Town on August 18. An employee at Beard Papa's Sweets Cafe and makes cream puffs when the San Francisco store opened in 2006. A location … [Read more...] about Retail wrap: Japanese cream puff chain Beard Papa’s makes Texas debut in Katy
A big concern in personality psychology today is how to integrate the different components of the person into a unified theory. Older approaches have tended to focus on understanding particular components rather than the whole person. Trait theories for example have focused on describing relatively stable characteristics of a person such as how they typically think, feel and behave. Theories focusing on personal values on the other hand stress the guiding principles that influence what goals a person regards as important to strive for in life. Recent theories have attempted to understand how both traits and values fit into a broader model of personality, and hence have looked at how particular traits, e.g. those in the Big Five, are related to particular values. An even more ambitious approach to personality called Life History Theory (that I discussed in a previous post) is based on the notion that a whole range of human characteristics, including personality traits, intelligence, … [Read more...] about Do Personality Traits and Values Form a Coherent Whole?
The Middle East and North Africa gaming market is one of the least developed worldwide, but that’s changing fast as promoters and developers are taking it to the next level. The MENA gaming market makes up 2.5% of the 135 billion dollars of sales brought in by the global market according to senior analyst Tom Wijman at Newzoo, a Netherlands based games analytics company. Yet the passion for video gaming is evident in the region as enthusiasts participate actively in international competitions, with Saudi Arabia in the lead. “Sixty to eighty percent of the population is 30 years of age or less and they need entertainment,” says Tariq Mukhttar, a Riyadh based game developer and community leader at GameDev Corners. “There’s really no competition here,” he adds, “so anyone who gets in the market quite early is going to make a lot of cash.” Localization, or customizing games by adapting language and cultural elements, is a popular way content … [Read more...] about Here’s what is pushing the right buttons with MENA game developers
Video PlayerClose by Xinhua writer Gao Wencheng BEIJING, Dec. 6 (Xinhua) -- Terrorism and extremism are mankind's common adversaries. Yet Washington, by smearing China's anti-terror commitments and achievements in Xinjiang, is sending a dangerously wrong message. In the name of protecting human rights in the Xinjiang Uygur Autonomous Region, the U.S. House of Representatives passed a Xinjiang-related bill on Tuesday -- Washington's latest flagrant interference in China's internal affairs. For China, Xinjiang is a major battlefield in its counter-terrorism endeavors. According to a white paper issued in August by China's State Council Information Office, from 1990 to the end of 2016, separatists, religious extremists and terrorists carried out several thousand acts of terrorism such as bombings, assassinations, poisoning and arson attacks in Xinjiang, claiming numerous innocent civilian lives and killing hundreds of police officers. To turn around such a drastic situation, Xinjiang … [Read more...] about Commentary: Washington’s Xinjiang scheme costly for global anti-terror drive