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MIDDLE EASTERN (B)

MIDDLE EASTERN (B)

Will Egypt's Cotton Industry Flourish Again?

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Egypt is overhauling its cotton industry with the introduction of modern equipment but the move may have adverse effects on the cultivation of its high-quality, extra-long staple cotton.

The modernisation process is to include replacing obsolete machines in tens of state-owned cotton weaving, ginning and spinning factories that don’t handle the local production of extra-long staple (ELS) cotton. They operate only with imported short-staple cotton.

Egyptian officials are trying to instil new life into its textile industry, which contributes almost 3% of GDP. (Shutterstock)

© 2015-2019 The Arab Weekly. All rights reserved.

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MIDDLE EASTERN (B)

Apple’s Cook Urges China to Open up Its Economy

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Apple chief executive Tim Cook yesterday urged China to keep opening up its economy as local rivals bit into the profits of the US tech giant caught in the crosshairs of a trade spat between Beijing and Washington.

“We have seen China continue to change and evolve… We encourage China to continue to open up,” he said during a speech at the annual China Development Forum in Beijing on Saturday.

Apple in January revealed that it took a hit in the “Greater China” region. (Shutterstock)

© 2019 News of Bahrain

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MIDDLE EASTERN (B)

This Is Why You Need to Change Your Facebook Password Now

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After a report revealed around 200-600 million Facebook users may have had their account passwords stored in plain text and searchable by over 20,000 Facebook employees, cybersecurity experts are urging users to change their passwords and turn on the two-factor authentication (2FA).So far the inquiry has uncovered archives with plain text user passwords dating back to 2012, according to the report published this week by KrebsOnSecurity, a blog run by journalist Brian Krebs.

Cybersecurity experts are urging users to change their passwords and turn on the two-factor authentication (2FA). (Shutterstock)

Copyright © 2019 Khaleej Times. All Rights Reserved.

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MIDDLE EASTERN (B)

US Sanctions Venezuela's Bank Following Arrest of Guaido's Aide

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The United States on Friday (local time) sanctioned Venezuela’s state-owned Bandes bank as a retaliatory measure after the Nicolas Maduro-led regime arrested one of Juan Guaido’s closest aides.

“BANDES bank is to Venezuela’s financial sector what PDVSA is to its oil sector. This action will severely affect any attempted currency movements by Maduro and his cronies moving forward. Do not test the resolve of this Administration,” US National Security Advisor John Bolton tweeted.

The bank's four additional subsidiaries have also been designated. (Shutterstock)

Copyright © 2019 aninews.in All rights reserved.

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