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The cryptocurrency market is going through a major shift, with a staggering 562 million users worldwide embracing digital currencies in 2024 - a remarkable 34% surge from 420 million in 2023, according to a report by Triple A. As the asset class continues to evolve, investors are grappling with the complexities and market volatility that come with it. In response, innovative solutions have emerged to help navigate this uncharted territory. One game-changing solution is crypto index funds, which offer a diversified and streamlined gateway to digital asset investments. In this article, we'll delve into the concept of crypto index funds, exploring their benefits, challenges, and potential to revolutionize the future of cryptocurrency investment. What Are Crypto Index Funds? A crypto index fund is an investment product that allows individuals to invest in a variety of cryptocurrencies with a single transaction. These funds operate similarly to traditional index funds in the stock market by tracking the performance of a specific set of cryptocurrencies that typically represent a particular market segment or index. Instead of purchasing and managing separate cryptocurrencies, investors buy shares in the index fund, which holds a diversified portfolio of digital assets. The mechanics of crypto index funds involve pooling investor funds to purchase multiple cryptocurrencies based on predetermined criteria, such as market capitalization or trading volume. Fund managers then use an automated system, or a combination of automation and manual management, to adjust the fund's holdings in accordance with the target index. They buy and sell cryptocurrencies as needed. This approach simplifies investing in the volatile crypto market, offering benefits like diversification and risk mitigation. Benefits of Cryptocurrency Index Funds One of the major advantages of crypto index funds is diversification. Investors buy a basket of cryptocurrencies rather than a single asset, which helps spread risk across multiple projects. This diversification cushions the impact of downturns in the market, reducing the negative effects that poor performance from any single cryptocurrency might cause. For instance, if one particular asset is declining, other assets in the fund may be rising, helping to balance returns overall. Convenience: Managing multiple positions in different cryptocurrencies can be cumbersome and requires significant research efforts on each project. Crypto index funds offer a simpler solution by allowing investors to outsource the management of their portfolio to experts who have a better understanding of the currencies. This approach saves time and effort, making the investment process easier. Cost Efficiency: Investing in several cryptocurrencies often incurs substantial transaction fees and costs associated with managing various wallets. Crypto index funds help reduce these costs by consolidating investments into a single purchase. This minimizes expenses related to transactions, wallet management, and periodic rebalancing. Access: Many promising projects are not readily available to new cryptocurrency investors. Crypto index funds enable any investor to gain indirect exposure to a diversified portfolio without extensive research into each specific asset. As a result, a larger number of people can enter the market by purchasing their respective shares. Lower Fee Charges: Index funds typically have lower management fees compared to actively managed funds. This is because they involve less ongoing research and analysis. This efficiency can provide a significant money-saving opportunity for investors who adopt this passive investment strategy over the long term. There are several challenges associated with crypto index funds, despite their advantages. Market Volatility: The cryptocurrency market is known for its extreme volatility. While diversification can help minimize the impact of price shifts, it cannot completely eliminate significant value losses. For example, on August 5, 2024, Bitcoin experienced a notable decline, dropping over 10% to $54,333. This marked a 13.1% loss over the course of a week, the worst week for Bitcoin since the FTX collapse in 2022. Limited Control: Investing in an index fund means relinquishing control over some of the assets and investment strategies used. For those who prefer to maintain a degree of control over their investment portfolio, this lack of choice can be quite discouraging. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies is continually evolving, which introduces uncertainties for crypto index funds. Changes in regulations could disrupt fund operations and potentially jeopardize investor safety. Investing in cryptocurrencies is becoming increasingly vital, especially as the popularity of crypto index funds grows. Many investors are looking for ways to navigate this complex market efficiently, as the asset class can be quite intricate. Moreover, institutional investment in cryptocurrencies is on the rise, with more institutions seeking structured investment options, such as index funds, that align with their risk management strategies. The coming years will be crucial in determining whether traditional finance continues to embrace digital assets. If so, cryptocurrency index funds are likely to become mainstream. Conclusion As the cryptocurrency market continues to thrive, crypto index funds are ready to play a pivotal role in shaping the investment strategies of both retail and institutional investors. Despite the lingering challenges of market volatility and regulatory uncertainty, the benefits of diversification, ease of use, cost efficiency, and accessibility make crypto index funds an attractive option for those seeking to tap into the dynamic cryptocurrency market. As technological advancements accelerate and digital assets gain wider acceptance, crypto index funds are likely to remain a popular investment vehicle, offering a streamlined gateway to the vast and rapidly expanding world of cryptocurrencies.Joe Harasymiak, Neal Brown, and More Possible Head Coach Candidates for UMassThe 2024 Formula 1 season may be winding down, but fans already have something to look forward to ahead of 2025. In a first for both, Lego will release a range of hyper-realistic F1-themed sets next year, featuring all 10 teams on the grid. The collaboration, part of a newly announced multi-year partnership, aims to bring the excitement of Formula 1 to Lego enthusiasts worldwide. The collection, set to debut in early 2025, will feature all ten F1 teams, spanning Lego’s Duplo, City, Speed Champions, and Collectibles lines. It comes as F1 prepares to celebrate its 75th anniversary, aiming to tap into a broad and diverse audience of fans. The partnership signals a significant step in Formula 1’s strategy to broaden its appeal, particularly among younger fans. “This is a unique collaboration in F1 history—one that engages children of all ages,” said Will Buxton, motorsport journalist and F1 presenter. “From two-year-olds with Duplo to adult collectors building Technic sets, Lego is part of our formative years. Now, it’s helping to foster the next generation of F1 enthusiasts.” Lego’s Chief Product and Marketing Officer, Julia Goldin, emphasised the creative and educational elements of the collaboration. “It’s not just about collecting an F1 car; it’s about storytelling and strategy,” she said. “Young fans can swap drivers, simulate tyre changes, and recreate races, giving them the tools to learn through play. This partnership is about bridging generations—families bonding over a shared passion for racing.” The product line aims to cater to a range of F1 fans, from casual enthusiasts to those deeply invested in the sport’s intricacies. Goldin added: “Our designs reflect the detailed world of Formula 1, from team strategies to iconic liveries. We know fans engage beyond race day, delving into the sport’s history, innovations, and personalities. This collection gives them a hands-on way to explore that passion.” However, the partnership is not without its challenges. Formula 1’s Chief Commercial Officer, Emily Prazer, acknowledged the difficulties in keeping the products up-to-date with the sport’s constantly evolving technology. “Car designs change regularly, so maintaining accuracy is a key focus,” she said. “We’re working with Lego to ensure that future sets reflect these developments, capturing the essence of the sport as it evolves.” Lego’s Creative Lead, Daniel Meehan, described the process of translating F1 cars into Lego form as both complex and rewarding. “The challenge was distilling what makes each car instantly recognisable,” he said. “For Alpine, it’s the balance of pink and blue. Some models are three pieces; others are 200. Striking that balance between simplicity and detail was crucial.” The collaboration extends beyond physical products. In 2025, fans will also experience “Build the Thrill” activities at Grand Prix events, with interactive fan zones offering new ways to engage with the sport. All ten teams are represented in the collection, a first for both Lego and Formula 1. The sets range from Duplo’s simplified Grand Prix builds for younger children to more intricate Speed Champions models. The rollout will begin in January 2025, with additional sets available for pre-order in select regions. “This partnership brings together two iconic brands to deliver something unique for fans,” said Meehan. “We’re offering them a way to bring the excitement of race weekends into their own homes.” Lego and Formula 1 are betting on this collaboration to fuel continued growth in their fanbases. As both brands look to the future, their shared focus on innovation and engagement is set to redefine how audiences experience the sport.
With increasing demand for international exposure, especially in high-growth sectors like technology, Indian investors are turning to overseas Exchange-Traded Funds (ETFs) to diversify their portfolios. However, due to regulatory restrictions, many of these ETFs are now trading at premiums (as high as 20% in some cases), which can affect returns. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index Fund +38.59% Invest Now Equity: Large Cap 0.21% Axis Nifty Next 50 Index Fund +71.83% Invest Now Equity: Large Cap 0.25% Axis Nifty 500 Index Fund -- Invest Now Equity: Flexi Cap 0.10% Axis Nifty Midcap 50 Index Fund +46.03% Invest Now Equity: Mid Cap 0.28% The Liberalised Remittance Scheme (LRS) offers a practical alternative for investors looking to avoid these inflated costs and directly invest in international markets. The premium pricing challenge RBI and SEBI regulations limit mutual funds’ international investments, including ETFs, with caps of $7 billion for foreign equities and $1 billion for international ETFs. These caps, set in 2007, have led to a supply-demand imbalance, resulting in ETFs trading at inflated prices. Arihant Bardia, CIO and Founder of Valtrust, explains, "The artificial scarcity created by these regulatory limits has caused ETFs to trade at higher prices, which can hurt long-term returns." Investors seeking ETFs tied to global indices like the Nasdaq 100, which tracks top tech companies, are especially affected by this premium pricing. The high demand for these ETFs , combined with the limited supply, has made it increasingly difficult for investors to buy in at reasonable prices. How LRS can provide a cost-effective alternative To avoid paying inflated prices for international ETFs, investors can consider the Liberalised Remittance Scheme (LRS), which allows Indian residents to remit up to $250,000 per year for investment purposes. By using LRS, investors can bypass the premium pricing on Indian exchanges and directly purchase ETFs from global markets at their true value. Bardia says, "Investors using the LRS route can buy ETFs directly from international exchanges, avoiding the inflated prices seen on Indian exchanges. This offers a more cost-effective way to invest in overseas assets." Understanding the tax implications of LRS While LRS allows investors to bypass ETF premiums, it does come with a 20% Tax Collected at Source (TCS) on remitted funds. However, Bardia points out that this is not a final tax. "The TCS is a collection mechanism, not a final tax. Investors can claim it as a credit during their income tax filing, effectively reducing the impact of this charge," he explains. Despite the TCS, the LRS route can still be a more cost-effective option than buying inflated ETFs on Indian exchanges, especially for those investing in high-demand, tech-heavy indices.
DENVER (AP) — Brock Wisne scored 22 points as Northern Colorado beat Denver 82-75 on Saturday night. Wisne added five rebounds for the Bears (8-5). Langston Reynolds scored 21 points and added five assists. Isaiah Hawthorne had 16 points and shot 6 for 10, including 2 for 3 from beyond the arc. Nicholas Shogbonyo finished with 21 points for the Pioneers (6-9). Josh Lee added 14 points for Denver. Sebastian Akins also had 12 points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Saturday, December 21, 2024 Luxair , the flag carrier of Luxembourg, has secured an order with Embraer for two additional E195-E2 aircraft, celebrated for their efficiency in the single-aisle aircraft segment. These new E195-E2s will supplement the airline’s existing fleet of larger narrowbody aircraft on order. This purchase comes as part of Luxair’s exercise of two options from its 2023 commitment for four E195-E2s, increasing its total order to six. The airline also holds three remaining purchase rights, with the option to convert these to E190-E2s as necessary. The first of these aircraft is expected to be delivered in early 2026, with the latest order securing additional delivery slots for 2027. “The E195-E2 is a critical investment in Luxair’s future, enabling us to balance growth with our commitment to a greener and quieter future. Starting in 2026, these aircraft will mark the beginning of a new era for Luxair, bringing quieter operations, superior fuel efficiency, and unmatched passenger comfort to our customers. With a focus on a remarkably quiet interior cabin and low noise emissions, the E195-E2 aligns perfectly with our vision for a more sustainable, efficient, and customer-focused regional airline,” said Gilles Feith , CEO of Luxair. Marie-Louise Philippe , SVP Sales and Marketing, Head of Region Europe and Central Asia, Embraer Commercial Aviation, said, “We thank Luxair for the trust they have shown in Embraer with this follow on order, coming before the delivery of their first E2s next year. The E2 is perfectly suited to Luxair’s operations and ambitions, closely complementing Luxair’s existing and on-order fleet, ensuring the maximum level of fleet and network optimization to the airline for the long-term. The E2’s advanced features, new technology, low noise and environmental footprint, make it possible for airlines to manage both their growth and sustainability goals.” Luxair’s E195-E2 aircraft will feature a spacious single-class configuration with 136 seats arranged in Embraer’s signature two-by-two seating layout, eliminating middle seats for enhanced comfort. The airline has chosen the highly regarded Recaro seats, which are now offered as Supplier Furnished Equipment (SFE).Coventry Very Light Rail to trail in city centre in 2025Popular author Shobaa De's opinions on celebrities and their choices always raise eyebrows. A few weeks ago, she took to her social media to slam actor Nayanthara's Netflix documents Nayanthara: Beyond The Fairytale. While some agreed with her view, others felt it didn't deserve the flak. Much before this, the author once spoke about Rajinikanth and wished his biopic to be on Netflix. Rajinikanth's life deserves a biopic on Netflix says Shobaa De In a column dated from 2021, the time when Rajinikanth took an exit from jumping into politics, Shobaa De shared her thoughts on his much-talked about decision. She said "Rajinikanth is not a run-of-the-mill regional superstar―his fans worship him as God incarnate. For a man who started his adult life taking up odd jobs as a carpenter, coolie and bus conductor, Rajinikanth’s extraordinary story is worthy of a detailed biopic on Netflix. There are Bollywood stars who are far wealthier than he is. But hey, Rajini was honoured with a Padma Vibhushan in 2016, and his earlier films dubbed in Japanese and other languages make him a bigger global icon than any other Indian actor―including Amitabh Bachchan." She lauded his decision to back out from politics. She said "It takes courage to back out at such a late stage―an actor risks losing face. Health before all else, sir". About Rajinikanth's political exit In 2020, the actor, was on the verge of launching his political party, however, a health scare changed his decision. He said "With extreme sadness I say that I can't enter politics. I alone know the pain I went through while announcing this decision. Without entering electoral politics, I will serve the people. This decision of mine will disappoint my fans and people but please forgive me." Rajinikanth celebrates his 74th birthday on December 12, 2024. The actor has bid adieu to politics but not films. He will soon be seen in Lokesh Kanagaraj's Coolie. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Tamil, Entertainment News and around the world.
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Saudi Arabia scored a major win in its campaign to attract major sports events to the kingdom when it was formally appointed as the 2034 World Cup host on Wednesday. Still, many questions remain about the tournament as well as the 2030 World Cup, which will be co-hosted by Spain , Portugal and Morocco, with three games in South America. Here are some of the key issues that need to be answered over the next decade: Where will games be played? Saudi Arabia proposes 15 stadiums — eight still on paper — in five cities: Eight in the capital Riyadh , four in the Red Sea port city Jeddah, and one each in Abha, Al Khobar and Neom, the planned futuristic mega-project. Each would have at least 40,000 seats for World Cup games. The opening game and final are set for a 92,000-seat venue planned in Riyadh. Some designs are vivid. In Neom, the stadium is planned 350 meters (yards) above street level and one near Riyadh is designed to be atop a 200-meter cliff with a retractable wall of LED screens. Saudi Arabia aims to host all 104 games, though there has been speculation that some games could be played in neighboring or nearby countries. When will the World Cup be played? Surely not in the traditional World Cup period of June-July, when temperatures in Saudi Arabia routinely exceed 40 Celsius (104 degrees). FIFA moved the Qatar-hosted World Cup to November-December 2022, though those dates were not loved by most European clubs and leagues whose seasons were interrupted. Also, that slot is complicated in 2034 by the holy month of Ramadan through mid-December and Riyadh hosting the multi-sport Asian Games. January 2034 could be a possibility even though that would be just before the Winter Olympics in Salt Lake City. The International Olympic Committee has signaled it won’t be opposed to back-to-back major events. In an interview with The Associated Press on Wednesday, Saudi World Cup bid official Hammad Albalawi said the precise dates of the tournament are up the world soccer body. “That’s a decision by FIFA. We stand ready to be part of this conversation. But ultimately it’s a FIFA decision together with the confederations,” Albalawi said. Will stadiums be segregated for men and women? Giving more rights and freedoms to women in a traditionally conservative society is fundamental to Saudi messaging around the modernization program known as Vision 2030. The kingdom decided in 2017 to let women attend sports events, initially in major cities and in family zones separate from men-only sections. By 2034, at the promised pace of social reforms, female fans should not be restricted. Saudi Arabia launched a women’s professional soccer league in 2022 with players joining from clubs in Europe. They face no restrictions playing in shorts and with hair uncovered. Will alcohol be allowed at the venues or hotels? The Saudi prohibition of alcohol is clear and understood before FIFA signs any sponsor deals for 2034. But will there be any exceptions? The alcohol issue was problematic for the World Cup in Qatar because the expectation was created that beer sales would be allowed at stadiums even before Qatar won its bid in 2010. One year later, FIFA extended a long-time deal to have Budweiser as the official World Cup beer through 2022. Qatar then backtracked on that promise three days before the first game, causing confusion and the sense of a promise broken. In Qatar, alcohol was served only at luxury suites at the stadiums. Visitors could also have a drink in some hotel bars. But Saudi Arabia has even stricter rules on alcohol — and there is no indication that will change. Albalawi noted that Saudi Arabia has successfully hosted dozens of sports events where alcohol wasn't served. “We’re creating a safe and secure family environment for fans to bring their families into our stadiums,” he said. How will workers rights be protected? Saudi promises to reform and enforce labor laws, and fully respect migrant workers, have been accepted by FIFA but face broad skepticism from rights groups and trade unions. A formal complaint is being investigated by the U.N.-backed International Labor Organization. Protecting the migrant workers needed to build stadiums and other tournament projects — a decade after it was a defining issue for Qatar — looms as a signature challenge for Saudi Arabia. Would Israel be allowed to play if it qualified for the 2034 World Cup? Saudi-Israeli relations had been improving when FIFA all but gave the 2034 World Cup to the kingdom on Oct. 4 last year. Three days later Hamas attacked Israel and diplomacy got more complicated. Any soccer federation bidding to host a FIFA tournament accepts a basic principle that whichever team qualifies is welcome. That did not stop Indonesia putting up barriers last year to Israel coming for the men’s Under-20 World Cup. Indonesia does not have formal diplomatic relations with Israel which had qualified through a European tournament nine months before the issue flared. FIFA moved the entire tournament to Argentina and the Israeli team reached the semifinals. Israel played at the 1970 World Cup but has never advanced through qualifying in Europe, where it has been a member of UEFA for 30 years. Europe should have 16 places in the 48-team World Cup in Saudi Arabia. Where will the final of the 2030 World Cup be played? Most of the attention at the FIFA Congress on Wednesday was on the Saudi decision, but the soccer body and its members also formally approved the hosts of the 2030 World Cup — the most spread out and longest ever. One game each in Argentina, Paraguay and Uruguay, the original host in 1930, will be played from June 8-9. The tournament resumes four days later for the other 101 games shared between Spain, Portugal and Morocco. Six countries, three continents, multiple languages and currencies. Fans traveling on planes, trains, automobiles and boats across about 14 kilometers (10 miles) of water between Spain and Morocco. The final is due on July 21, 2030 and a decision on where it will be played could cause some tension between the host countries. Morocco wants it in the world’s biggest soccer venue — the planned 115,000-seat King Hassan II Stadium in Casablanca. Spain, meanwhile, has proposed to host the final in either of the remodeled home stadiums of club giants Real Madrid or Barcelona. ___ Associated Press writer Baraa Anwer in Riyadh, Saudi Arabia, contributed to this report.
Letters Dec. 21: Judicious spending of public funds; electrical safety at Christmas; lifetime residents The Times Colonist Dec 21, 2024 4:24 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message When setting up Christmas lights, pay attention to electrical safety, a letter-writer says. Shutterstock Listen to this article 00:08:53 Social deficits and a worldwide pandemic A recent writer to the Times Colonist equating budget deficits exclusively with the NDP requires a response, and a dose of reality. All provinces, as well as the federal government experienced budget deficits as a result of runaway inflation due to the pandemic. This was a reality around the world. People were crying out for support from their governments and this certainly was not unique to jurisdictions where the NDP hold government. Specifically, in B.C.’s case, the previous B.C. Liberal government left the incoming NDP with dreadful infrastructure and social deficits that required attention both before and after the pandemic. A shocking backlog of school, hospital and road construction simply had to be addressed. As well, the recruitment of doctors, nurses and other health-care professionals, now being hired in the thousands, is being successfully undertaken. Well, surprise! These objectively essential things, all cost money. All governments have a duty to judiciously manage public funds but those of us who believe in a civil society with good public services, agree that this is money well spent. Dan Rowe Sidney Spending comes first, ahead of the economy It’s become painfully obvious that David Eby, his precursor and the NDP in general have an addiction to overspending. Too bad they don’t have the same addiction to generating a strong economy to support this spending. Eby claims he’s going to be more business friendly in the future. He’s got a long way to go to fix this ridiculous current deficit. He might want to start with the forest industry. We’ll see. Mike Briggs Comox Electrical safety at Christmas time Re: “Kids, be careful with Christmas displays,” letter, Dec. 19. The writer is rightly concerned about the potential shock hazard of power cords running over wet ground and the risks associated with touching the lights. In the interests of the safety of both the children and the writer, may I strongly recommend that all the lights be plugged into a GFCI outlet. Ground Fault Circuit Interrupter technology is designed to detect the smallest current that has gone astray, such as from a bulb through the body of someone standing on wet ground, and if such a current is detected, automatically shuts the power off. GFCI outlets are commonly used in outside outlets (and bathrooms) and they may be identified because they will have a Test and a Reset button. Before using, the operation of the outlet should always be checked by pushing the Test button, which should shut off the power, after which the Reset button can be used to restore the power. Several outside outlets may be controlled by the same GFCI circuit although they may not be marked as such. Use a test light to make sure they also turn off when the main GFCI outlet is tested. In older homes, the outside outlets may not be similarly protected. In that case I suggest purchasing a GFCI extension cord, available at any hardware store. The Christmas lights plug into the GFCI extension cord and only that cord should be plugged into the unprotected exterior outlet. Doing so does not negate the advice to the children, but it will give peace of mind. John Coenraads Victoria Lifetime residents should come first Re: “Health care in B.C. is appalling,” letter, Dec. 18. The letter made valid points, although one statement needs further review: “Meanwhile poor seniors who have worked hard all their lives and contributed greatly to our province...” Many of the people our age (retired) who we know have come to B.C. after having spent their working lives paying taxes and “contributing” in a different jurisdiction. Perhaps ready access to health care should put lifetime B.C. seniors ahead of those parachuting into B.C. for their retirement years. Ken Allen Colwood Colwood health clinic a great new idea I applaud my neighbours, the City of Colwood, for thinking outside the box re local health care services. It seems all levels of government have been stuck in the never-ending loop of trying to solve today’s problems with yesterday’s solutions. The issue has become clear that modern-day GPs don’t want to have the burden of running a business added to challenge of providing health care to their patients. The concept of running primary care clinics from government-run operations with doctors on salaries (with corresponding benefits) is an excellent option. The administrative infrastructure is already in place with government-run clinics and takes that “business” (i.e. rent, staff, taxes, etc.) burden off of the practising physician. I believe it’s a win win win for government and healthcare professionals to provide a much-needed service to a growing sector of the population who have no access to family doctors. Well done, Colwood. Let’s expand on this novel new approach. Len Jansen Langford Disingenuous Oak Bay missed housing chances Oak Bay failing to meet housing growth targets is all excuses with nothing valid about it. Followers of housing construction activity on Vancouver Island can attest to most municipalities dispensing with resistance and just getting with the program. Undoubtedly Oak Bay could have contributed a municipally owned property for someone to put up a four-storey 46-unit affordable housing building. Voila, housing target met. But Oak Bay has chosen to continue funding its own pet priorities — like having the police service tasked with checking on residential estate properties while homeowners are on vacation. Joanne Thibault Victoria Encourage moving to smaller towns The B.C. government is calling for increased density in our urban areas. They believe that this will lead to affordable housing, but just look at the cost of housing in any large city. We know that population growth will increase crime, pollution, traffic congestion, litter, noise, violence and health issues. Why not provide incentives for people to move to small towns? Affordable housing is abundant throughout rural Canada. Small towns are dying and with them, a way of life that prioritizes social connections over amenities. People are flocking to the cities, but such urbanization is hazardous to everyone’s well-being. Mary-Anne Neal Saanichton Things to remember in pool referendum Those who are eligible to vote in the Crystal Pool Referendum in February should be aware of the following: 1. Grants, some of which have already been applied for, are dependent on the Referendum being a yes vote. 2. Cost overruns have been budgeted for in the pool replacement budget. 3. Final design will depend on which site Victoria council chooses. Voters’ choice is sought, but is non-binding. Pauline McCullagh Victoria Pedestrians have responsibility, too Lowering speed limits in Victoria will do nothing to prevent pedestrian car incidents if pedestrians won’t be aware of their surroundings crossing the street. Take out the ear buds and make eye contact with drivers before crossing to ensure the approaching driver can actually see you. Many can’t. John L. Krysa Oak Bay SEND US YOUR LETTERS • Email: [email protected] • Mail: Letters to the editor, Times Colonist, 201-655 Tyee Rd., Victoria, B.C. V9A 6X5 • Aim for no more than 250 words; subject to editing for length and clarity. Provide your contact information; it will not be published. Avoid sending your letter as an email attachment. See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Opinion Adrian Raeside cartoon: Somebody is prowling in our backyard Dec 21, 2024 4:20 AM Comment: Tackling pervasive health inequity and racism requires more from our leaders Dec 21, 2024 4:16 AM Editorial: More strategy, more friendship would see us through a trade dispute Dec 20, 2024 4:17 AM Featured FlyerRIYADH: Startups across the Middle East and North Africa region are gaining momentum, with funding rounds and expansions fueling innovation. From artificial intelligence to fintech, health tech to media, these developments highlight the region’s growing ecosystem and investor confidence. Aiming to boost the regional space, Saudi Venture Capital Co. has announced its investment in the $150-million Middle East Venture Fund IV, managed by Middle East Venture Partners. The fund targets technology startups with high growth potential across Saudi Arabia. It aims to support startups from the seed stage through series A, series B, and eventual initial public offerings or exits, fostering the creation of regional tech champions. It also seeks to contribute to Saudi Arabia’s economic transformation by backing startups that impact key sectors. “Our investment in the Middle East Venture Fund IV by MEVP supports SVC’s strategy of backing funds that invest in early-stage startups based in Saudi Arabia, aiming to foster their growth into later stages,” said Nabeel Koshak, CEO and board member at SVC. Furthermore, SVC announced an investment for an undisclosed amount in Raed III LP, an early-stage venture capital fund managed by Raed Ventures. The fund will target tech-enabled startups across Saudi Arabia and the wider region, primarily focusing on seed and series A stages, emphasizing fintech, enterprise software, and business-to-business Software-as-a-Services sector, predominantly in Saudi Arabia and UAE markets. US-based risk intelligence and fraud detection startup Bureau completed a $30 million series B funding round to fuel its plans to expand in the Saudi market. The round was led by Sorenson Capital with participation from PayPal Ventures and continued support from Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. Bureau is a no-code identity decisioning platform that empowers businesses to prevent fraud, ensure compliance, and enhance user experiences. The funding will accelerate Bureau’s product expansion into new use-cases, and geographical expansion to several new markets worldwide, including Saudi Arabia, to meet a significant surge in global demand. Saudi-based OmniOps, an AI infrastructure technology provider, has raised $8 million in funding from GMS Capital Ventures. The company, founded this year by Mohammed Al-Tassan, specializes in cloud and high-performance computing solutions for businesses of all sizes. The investment will allow OmniOps to enhance research and development, scale operations, and advance AI infrastructure capabilities across Saudi Arabia. The company aims to deliver scalable, efficient solutions to meet the growing needs of regional industries. This funding positions OmniOps to play a key role in Saudi Arabia’s digital transformation efforts, contributing to the development of advanced technological ecosystems. Saudi Arabia-based Halo AI has launched its services. Founded this year by Vito Strokov, Rami Saad, and Alex Gadalin, the AI-powered networking platform connects brands with nano- and micro-influencers who excel in specific niches. The platform uses AI to streamline influencer marketing, offering brands access to highly targeted audiences with authentic engagement. Halo AI aims to support regional businesses in amplifying their reach through innovative marketing strategies. Following its launch, Halo AI plans to expand its operations to the UAE and Kuwait, further solidifying its presence in the Gulf Cooperation Council market. UAE-based fintech startup CredibleX has secured $55 million in seed funding, comprising equity and debt. Investors include Further Ventures for equity and debt providers such as Kilgour Williams Capital and Berkley Square Finance. Founded in 2023 by Ahmad Malik, Anand Nagaraj, and Hassan Reda, CredibleX provides tailored financial solutions to support small and medium-sized enterprises in their daily operations. The startup aims to address the unique financial needs of SMEs in the region. The new funds will accelerate CredibleX’s growth, expand its services, and strengthen its position as a leading fintech solution for SMEs in the Middle East. UAE-based refurbished electronics marketplace Revibe has closed a $7 million series A funding round co-led by ISAI and Resonance, with participation from Kima Ventures and Edouard Mendy. Founded in 2022 by Abdessamad Benzakour and Hamza Iraqui, Revibe specializes in providing high-quality, refurbished electronics through its B2C marketplace. The startup has gained traction in emerging markets with its focus on affordability and sustainability and presence in Saudi Arabia, UAE, Kuwait, and South Africa. The funds will be used to expand Revibe’s operations, enhance customer care, and invest in quality assurance as it continues to grow its market presence. UAE-based Web3 banking startup Klickl has raised $25 million in a Series A round led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures and others. The round values the company at $125 million. Founded in 2017 by Michael Zhao, Klickl offers a Web3 open finance platform, enabling digital payments, banking, and crypto trading. Its solutions are designed to facilitate seamless entry into the Web3 ecosystem for users and businesses alike. The funding will allow Klickl to expand its Web3 banking services in MENA and emerging markets. UAE-based fintech Quantix Technology Projects LLC, a subsidiary of Astra Tech, has raised $500 million in asset-backed securitization financing from Citi. Quantix will use the funding to support its CashNow consumer lending platform. Founded in 2019, Astra Tech’s Ultra app integrates payments, cross-border transfers, and financing solutions, serving over 150 million users globally. Astra Tech aims to create a super app with capabilities such as digital payments and messaging. This financing builds on Astra Tech’s previous funding success, including $490 million raised in 2022, enabling the acquisition of fintech PayBy and voice-calling app Botim. UAE-based healthtech BioSapien has raised $5.5 million in a pre-Series A funding round led by Global Ventures with participation from Dara Holdings. The funds will support clinical trials and product development. Founded in 2018 by Khatija Ali, BioSapien offers MediChip, a 3D-printed drug delivery platform. The technology is attachable to tissues for localized treatment. The new capital will enable patient enrollment for clinical trials in Abu Dhabi by the second quarter of 2025 and further investment in manufacturing capabilities and talent acquisition. Jordan-headquartered SaaS provider InvoiceQ has secured $1.2 million in pre-Series A funding from investors including Oasis 500, Orange VC, and Flat6Labs. The company provides e-invoicing solutions and operates in Jordan and Saudi Arabia. Co-founded in 2020 by Muhannad Tobal and others, InvoiceQ aims to streamline billing processes for enterprises while improving compliance with local regulations. The startup has been expanding its reach across the region. The new funds will support geographic expansion into Oman, Egypt, and the UAE, as well as further development of its technology platform. Lebanon-born music streaming app Anghami has raised $55 million, with $12 million coming as part of a convertible note program from OSN Group. OSN+ now holds a 55.45 percent majority stake in Anghami. Founded in 2011 by Eddy Maroun and Elie Habib, Anghami merged with OSN+ earlier this year to create a larger media conglomerate. The company plans to use the funds to expand its content library. The investment follows MBC Group’s acquisition of a 13.7 percent stake in Anghami earlier this year, as the streaming platform continues to strengthen its position in the media industry. Bahrain-born education tech startup Unipal has raised a pre-Series A investment round from Falak Angels Syndicate members. The platform offers university students exclusive discounts on products and services. Founded in 2020 by Ali Al-Alawi and Ali Al-Shaer, Unipal claims 160,000 users in Riyadh and 250 brand partnerships after just eight months of operation in the Saudi capital. The platform also boasts 60,000 users in Bahrain. This investment follows a $500,000 round raised in July 2023, as Unipal continues its rapid regional growth and expansion. Morocco-based marketplace ZSystems has secured $1.5 million in seed funding, led by MNF Ventures, Witamax, Cash Plus Ventures, and Kalys Ventures. The platform empowers retailers by connecting them directly with consumers. Founded in 2022 by Meriem Benabad and others, ZSystems focuses on revitalizing traditional trade, which accounts for 85 percent of the fast-moving consumer goods market. The company aims to drive competitiveness in underserved markets. The funds will support ZSystems’ technology development, product expansion, and preparations for its next growth phase. The Oman Investment Authority has acquired an undisclosed stake in xAI, Elon Musk’s artificial intelligence startup. This investment aligns with OIA’s strategy to diversify its international portfolio and support emerging technologies. Founded in July 2023, xAI focuses on generative AI solutions, competing with leading players like OpenAI. Earlier this month, xAI raised $6 billion in a series B round, attracting investments from Qatar Investment Authority, Kingdom Holding, and global firms like Andreessen Horowitz, bringing its valuation to $50 billion. OIA’s latest investment in xAI complements its existing stake in SpaceX, Musk’s aerospace company. This move reinforces the Gulf’s growing interest in cutting-edge technologies and the AI sector. Iraq Venture Partners has received $2.7 million from the Netherlands for the Orange Corners Innovation Fund. The funding will support the second phase of the initiative. OCIF provides Iraqi entrepreneurs with technical expertise, financial backing, and access to extensive networks.The Odisha State Pollution Control Board (SPCB) held a public hearing for environmental clearance on Nilachal Ispat Nigam's Limited (NINL) proposed expansion project in Jajpur district. The proposed expansion will increase NINL's production capacity from 0.981 million tonne per annum (MTPA) to 9.5 MTPA without additional land requirements. Over 225 people including some opposing NINL's proposed expansion project, gave their opinion at the public hearing for the environmental clearance held by SPCB on Friday. "Around 225 people have given their opinion on the NINIL's expansion project. We will send the people's views to the Ministry of Forest, Environment and Climate Change," said the Regional Officer, SPCB, Kalinga Nagar, Madan Mohan Sahu Asked about the disturbance during the public hearing, Additional District Magistrate (ADM), Kalinga Nagar, Sapan Kumar Nanda, who presided over the public hearing, said: "The people have given their opinion in the public hearing." The public hearing was also attended by NINL executive Sanjeev Kumar Ghosh, who gave a detailed presentation on the plant's proposed expansion plan, while MD and CEO, Sudhir Kumar Mehta, addressed public concerns. Tata Steel Long Products Limited acquired NINL in July 2022 and achieved operational milestones swiftly. Within 100 days, the plant resumed operations, and its rated capacity was achieved within nine months. NINL officials informed the participants that comprehensive upgrades included advanced pollution control systems such as Electrostatic Precipitators (ESPs), cyclone separators, dry fog systems, bag filters, and water sprinkling mechanisms. To further minimise environmental impact, a scrubber-based gas cleaning plant was introduced to treat BOF (basic oxygen furnace) gas. Continuous Environmental Monitoring Systems (CEMS) were installed to monitor air quality and emissions, alongside an Effluent Quality Monitoring System (EQMS) to ensure real-time evaluation of water discharge and Effluent Treatment Plant (ETP) performance, they said. The two-phased expansion plan will include state-of-the-art facilities such as raw material handling systems, a coke plant, sinter plant, blast furnace, steel melting shop, and rebar and wire rod mill. Baseline environmental data collected from March to May 2024, covering air quality, water quality, noise, and soil conditions within a 10-km radius, has already been submitted to the SPCB for review, the company informed the people. The expansion project's design incorporates cutting-edge technology to meet stringent environmental standards, with treated wastewater being fully reused within the plant, the company said. (Except for the headline, this story, from a syndicated feed, has not been edited by Odishatv.in staff)
High Brightness Marine Display Market Outlook and Future Projections for 2030 12-25-2024 02:02 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Dhirtek Business Research and Consulting High Brightness Marine Display Market The high brightness marine display market represents a dynamic and continually evolving landscape, shaped by changing consumer demands and technological advancements. In this comprehensive report, we provide an in-depth exploration of the market, designed for a wide range of stakeholders including manufacturers, suppliers, distributors, and investors. Our goal is to equip industry participants with essential insights that enable informed decision-making in an ever-changing market environment. This analysis not only examines the current state of the high brightness marine display market but also forecasts its future trends. Scope and Purpose This report serves as an extensive resource, thoughtfully curated to deliver actionable intelligence to industry stakeholders. It covers critical elements such as market dynamics, competitive environments, growth opportunities, challenges, and regional differences. The insights provided go beyond mere descriptions, offering a valuable tool for stakeholders to refine their strategies and make informed choices in a competitive market. Request for Sample Report: https://www.dhirtekbusinessresearch.com/market-report/High-Brightness-Marine-Display-Market/request-for-sample-report Comprehensive Market Analysis We are committed to providing a thorough analysis that explores every aspect of market growth, including shifts in consumer preferences and technological innovations driving demand for high brightness marine display products. We also address the challenges faced by the industry, such as economic uncertainties and intense competition, offering insights to help stakeholders navigate these complexities. Key Players in the High Brightness Marine Display Market: STX Technology Beckhoff Automation Siemens Cincoze Winmate Axiomtek Teguar Computers Advantech AAEON B&R Industrial Automation Contec ADLINK Technology DFI Kontron Strategic Guidance for the Future This report invites stakeholders to delve into a detailed examination of the competitive landscape. By profiling key players in the high brightness marine display market and analyzing their strategies, we offer crucial insights to help industry participants make informed strategic decisions. Whether it's about outpacing competitors or learning from successful approaches, our analysis is designed to guide stakeholders toward success. Anticipated Insights Understanding the diverse segments within the high brightness marine display market is critical to success. Our report breaks down segment sizes, potential growth trajectories, and key trends, offering actionable insights that allow stakeholders to develop targeted strategies and optimize resource allocation. The knowledge provided empowers stakeholders to navigate the complexities of the high brightness marine display market with clarity and confidence. Balancing Market Forces and Strategic Impact This report delivers a comprehensive analysis of the factors shaping the high brightness marine display market. By evaluating both the drivers of market growth and the obstacles that could impede it, stakeholders gain a holistic understanding of the market's dynamics. For manufacturers, this analysis helps align innovation efforts with consumer demands and regulatory trends, while investors and decision-makers gain a deeper understanding of economic risks and supply chain vulnerabilities, allowing them to make more informed strategic choices. Our goal is to provide stakeholders with the knowledge needed to confidently and successfully navigate the high brightness marine display market. Competitive Landscape Our in-depth examination of the high brightness marine display market's competitive landscape highlights key players, scrutinizing their strategies and impacts on the industry. By analyzing the approaches of major companies, stakeholders gain a valuable understanding of market dynamics and can leverage these insights to identify growth opportunities, innovate, and make informed strategic decisions. Market Segmentation The report begins with a detailed analysis of the unique characteristics defining each segment within the high brightness marine display market. Segmentation can occur across various dimensions, including product types, customer demographics, or specific use cases. Understanding these differences allows stakeholders to tailor their strategies, products, and marketing efforts to meet the specific needs of each segment, enhancing competitive positioning and maximizing opportunities for success. Market Segments: Product Type: Projected Capacitive Touch Screen Resistive Touch Screen Non-Touch Screen Application: Commercial Boats Leisure Boats Fishing Boats Work Boats Other Market Size and Segment Growth Potential A crucial part of the report focuses on understanding the size and significance of each market segment. We provide quantitative data that illustrates the market share and contribution of each segment, enabling stakeholders to make informed decisions regarding resource allocation, strategic prioritization, and investment. This section offers insights into the growth potential of each segment, including factors driving future expansion, evolving consumer preferences, and technological adoption. Conclusion This report serves as a strategic guide for stakeholders in the high brightness marine display market, offering comprehensive insights into market segmentation, competitive dynamics, and growth potential. By understanding the market's complexities and emerging opportunities, industry participants can make well-informed decisions that drive success and innovation in this rapidly evolving market. Other Reports Asset Lifecycle Management (ALM) Solutions Market https://www.dhirtekbusinessresearch.com/market-report/Asset-Lifecycle-Management-ALM-Solutions-Market Piston Engine Synchronous Timing Chain Market https://www.dhirtekbusinessresearch.com/market-report/Synthetic--Octanolactone-Market Computer Cases Market https://www.dhirtekbusinessresearch.com/market-report/Computer-Cases-Market Single Scull Skiff Market https://www.dhirtekbusinessresearch.com/market-report/Single-Scull-Skiff-Market "Contact Us Dhirtek Business Research and Consulting Private Limited Contact No: +91 7580990088 Email Id: sales@dhirtekbusinessresearch.com" "About Us Dhirtek Business Research & Consulting Pvt Ltd is a global market research and consulting services provider headquartered in India. We offer our customers syndicated research reports, customized research reports, and consulting services. Our objective is to enable our clientele to achieve transformational progress and help them to make better strategic business decisions and enhance their global presence. We serve numerous companies worldwide, mobilizing our seasoned workforce to help companies shape their development through proper channeling and execution. We offer our services to large enterprises, start-ups, non-profit organizations, universities, and government agencies. The renowned institutions of various countries and Fortune 500 businesses use our market research services to understand the business environment at the global, regional, and country levels. Our market research reports offer thousands of statistical information and analysis of various industries at a granular level." This release was published on openPR.By Mike Huesmann The second Don Brown stint at UMass has ended in its third season. In this stint, Dr. Blitz only won six games, though the Minutemen did show flashes of competitiveness. This was a tough situation. Brown took over a nightmare after Walt Bell and never really had a chance to turn it around considering the lack of resources and NIL capabilities. I’m not sure I’d have let him go so soon, though it certainly wasn’t going to get better overnight. Here are five options for UMass. Don Brown’s wife Deborah wasn’t happy about his firing from UMass, suggesting he was at a huge disadvantage financially https://t.co/A4REGlvmEh Joe Harasymiak Rutgers, Defensive Coordinator A proven head coach at the FCS level, Joe Harasymiak was the head coach at Maine, leading them to a semifinal appearance in the playoffs before leaving for Minnesota in 2019. After spending three years with PJ Fleck, the last two as co-defensive coordinator, he moved to Rutgers and the DC job with Greg Schiano. His name has been mentioned for multiple G5 head coaching jobs. He knows New England well and is an alumnus of nearby Springfield College. Joe Harasmyiak would do nasty things in the MAC as the UMass head coach. Followed him at Maine and dude is a winner. Neal Brown West Virginia, Head Coach Something has to give for this to happen. Neal Brown is employed at a bigger school now, but he was firmly on the hot seat in 2023 and won 9 games. The Mountaineers have been a solid team the last season and a half, but that hot seat doesn’t cool down completely. WVU is 5-5 this year, and if they regress or don’t make a bowl game this year, Brown could be back on the hot seat . He is a UMass alumnus and would be an immediate call if he becomes available. Neal Brown has ANOTHER Press Conference Blunder, it is Time for Both Sides to Move on w/ @Moneyline_Mac & @RamblingRush https://t.co/mP6WXcskJR Aazaar Abdul-Rahim Maryland, Co-DC/DB coach A former UMass DC in 2019, Aazaar Adbul-Rahim is in his second stint with Mike Locksley at Maryland. The former Alabama and Boston College assistant first made a name for himself as a successful head coach in the Washington D.C. area, a path similar to that of the recently fired Biff Poggi. Abdul-Rahim is a successful recruiter who has moved up the ranks relatively quickly and has the tools to succeed as an FBS head coach. Maryland is expected to hire Boston College’s Aazaar Abdul-Rahim as co-defensive coordinator and associate head coach for defense, sources tell @247Sports . Will be a return to Maryland for Abdul-Rahim, a highly respected recruiter who has also produced at least one All-ACC DB... pic.twitter.com/iHrPuf5hei Nunzio Campanile Syracuse, QB Coach Nunzio Campanile spent part of last season as the interim head coach after Dino Babers was let go. His first season at Syracuse was 2023; before that, he spent 4 seasons at Rutgers, where he first was interim HC at one point. Prior to collegiate coaching, Campanile was the head coach of prep power Bergen Catholic in New Jersey. His connections in the NY, NJ, and PA areas make him a very interesting candidate for this job. Would not shock me to see Nunzio Campanile’s name appear with this opening 👀 https://t.co/DTA2YSNaIr Al Washington Notre Dame, DL Coach Al Washington is a Boston College alumnus who has coached in Massachusetts for multiple seasons. He was a hot name for multiple head coaching jobs last offseason but didn’t get one. UMass might want someone with a background in New England or at an academically intense school, and Washington has both. He has coached at Michigan, Ohio State, and Notre Dame in recent years. Washington has tutored many players at both DL and LB over his career who have gone on to the NFL. Notre Dame DL coach Al Washington getting the defensive-front ready for Navy’s unique offense today ⬇️ pic.twitter.com/VPXiJEI4Zy
AAP names almost all its civic poll nominees, final list todayIn Syria , the fall of the regime of Bashar al-Asad brought joy to many people who had lived through 13 years of intermittent civil war and decades of dictatorship . PUBLICIDAD However, it also fragmented Syrian territory. Several armed factions now compete for control and legitimacy, and external actors are eager to preserve their regional interests in the midst of chaos. PUBLICIDAD The fall of the regime of took place so quickly that it not only caught the Syrians by surprise, but also the international community. This was the case for the geopolitical analyst Aboud Barsekh-Onji , 37 years old, who has been living in Mexico since 2013. In an interview with Metro World News , he shared a bit of his life in Aleppo and how he perceives the events that changed the landscape and destiny of the country where he was born and raised. MWN: When did you leave Syria and have you returned since then? ABO: I left Aleppo on June 1, 2012, when the situation in different parts of the country was beginning to deteriorate. I have not returned to Syria since then. As a context, popular discontent with the government of Bashar al-Assad triggered pro-democracy protests and demonstrations in March 2011. After months of state repression, several armed extremist groups began to form throughout the country. By mid-2012, the conflict had escalated and talks of a revolution or civil war were already underway . First, I spent some time in Lebanon because my maternal family is Lebanese. I truly thought that things would improve and that I would soon be able to return. When I realized that the conflict would be prolonged, I decided to emigrate to Mexico in the spring of 2013. MWN: Nearly three weeks after Bashar Assad's fall, why did it happen so quickly and unexpectedly? ABO: The Middle East is not a region that, in general terms, reflects stability, neither in recent years nor in recent decades or centuries, amidst dictatorships, monarchies, wars, sectarian conflicts , etc. We saw it with the invasion of Iraq in 2003, and later with the fall of the leaders of Libya and Egypt in 2011. Now we see it in Syria. It is regrettable that the region has been suffering for many years due to these types of conflicts. Beyond military conflicts, I am talking about conflicts based on ideological and religious beliefs that prevent countries from moving towards a public administration where there is a real separation between religion and the state. I think their biggest mistake was governing like a dictator . If they had managed the country with that secular vision they had, but in an institutional way, allowing other people and ethnic groups to come to power, history would be different. However, I also consider that he did good things for the country . MWN: Could you share more details? ABO: Syria was one of the countries in the world where you could sleep with the doors of your house open and no one would enter. I am talking about how things were before 2010. Some things, such as quality education and healthcare, were better than in many countries , including Mexico. Bashar, like his father, was part of the Arab Socialist Ba'ath Party . When they came to power over 50 or 60 years ago, they had a vision of a social structure for the region, separating religion from the state. People were truly seeking to break free from the bubble of religion and move towards a more modern environment. The problem was that, as happened in other parts of the world with other countries with socialist governments, they began to move away from the principles of socialism and democracy . MWN: What was it like to live in a country ruled by the Assads? ABO: Hafez al-Assad , father of Bashar al-Assad , who ruled for three decades, began to favor his religious group, the Alawites , an ethno-religious group that separated from Shia Islam during the 9th century. Their government, as well as Bashar's, were characterized by protecting the country's minorities, such as Catholics, Armenians, Kurds, Druze, etc., as they themselves were part of a minority in a country where the majority of the population are Sunni Muslims. It may sound harsh, but I don't believe that democracy is necessarily synonymous with well-being . Would you prefer a country ruled by a dictator, but where you have everything you need to live well, or a country where there is a certain degree of democracy, but the country is not doing well socially or economically? The Asads ruled like kings but, to a certain extent, continued with the discourse that they were leading a republic. It was their big mistake to keep insisting that they were at the head of a republic without making institutional changes . MWN: If things were relatively good in Syria, why did they experience the so-called Arab Spring? ABO: At that time, there was opposition in Syria represented by different parties, made up of groups and individuals from different ethnicities and religions, but they never sought a change through weapons . In fact, there was a certain fear in the country even to speak ill of the government. The State's intelligence apparatus was very strong and people did not think or imagine that one day it would be possible to overthrow the government or that the Arab Spring would reach Syria. However, people from other countries with extremist ideas started to arrive, with military and financial support from extremist groups and even individuals from different countries, Arabs, non-Arabs, Westerners, etc. And that's when things started to spiral out of control. Some of these extremist or terrorist groups openly talked about creating an Islamic state in Syria , or returning the region to the era of Muslim caliphates. Many centuries ago, Syrians were not Muslims; Islam came to Syria through the expansion of these caliphates, which imposed their religion, language, and many of their customs. So in a way, what happened and what is happening in Syria is something that the region has experienced before . MWN: Many people celebrated the fall of Bashar al-Asad, or at least those were the images that circulated around the world... After the fall of the regime, we saw scenes of partying and celebration, even in the historic Umayyad Mosque in Damascus, by some groups. Now the Sunnis have the control that was taken from the Alawites. But as I was saying before, it's a struggle that has lasted for centuries, and among the different factions vying for power in Syria, there are some that want, or at least a few years ago they claimed to want, to create an Islamic state in the country. In other words, a state governed by Sharia law or Islamic law. I believe that what happened in Syria was the reincarnation of conflicts that have been going on for centuries, beyond just wanting to overthrow a dictator . It has mostly religious connotations. This explains how extremist groups, some officially classified as terrorists, got involved and received large amounts of weapons and money to enter the country and overthrow a regime that represented the Shia presence in Damascus , which was the capital of the Umayyad Empire. It cannot be said that the entire Syrian population took to the streets to celebrate Bashar's fall. Many people have taken a neutral or cautious stance, as uncertainty now reigns. If we only rely on what we see in the media, the scenes in Syria have already been witnessed and experienced in Iraq and Libya. And the changes were not necessarily for the better. Why should we believe that Syria will be better now? MWN: What's next for Syria? ABO: There is a lot of uncertainty . People don't know what's coming next, after the fall of a government that was in power for over 50 years. While the new authorities say they are progressive and want a united and inclusive Syria, people are not entirely sure that this is what will come. In fact, different parts of Syria are under the control of different groups and individuals , so there will undoubtedly be a stage of instability and transition that could last for decades, in an environment of different geopolitical interests that directly affect the country. The only solution would be to establish a pragmatic technocratic state, and sadly what "the rebels" started to do does not seem to be heading in that direction . Unfortunately, I believe it will take 20 years before Syria returns to the stability it experienced under Assad's rule . In the end, it could be a negotiation, a planned handover... trading one thing for another. That would explain the speed at which things unfolded a few weeks ago. * Aboud Barsekh-Onji is a Mexican researcher, communicator, and engineer of Syrian origin, specializing in geopolitics, technological innovation, and energy management.
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