Author: Admin
International Holding Company PJSC (IHC), the Abu Dhabi-based conglomerate, announced that it had signed an AED 7.3 billion (USD 2 billion) Investment Agreement with Indian multinational conglomerate Adani Group, as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) which all are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India – through the preferential allotment route. The boards of AGEL, ATL, and AEL met and approved the transaction. The investment is subject to shareholder and regulatory approvals and shall comply with…
EDGE, the region’s leading provider of advanced technology services, ranked among the top 25 in the world, has announced the appointment of Saif Ali Al Dahbashi to the position of Chief Executive Officer (CEO) at AL TAIF, the nation’s leading provider of support services for the UAE’s military land platforms and systems, including maintenance, repair and overhaul, supply chain management, technical training and engineering. AL TAIF is a part of EDGE Group’s Platforms & Systems cluster in the Land division. Saif’s appointment as CEO of AL-TAIF will allow him to draw on his considerable experience and leadership skills to successfully…
His Majesty King Hamad bin Isa Al Khalifa of Bahrain delegated Deputy Prime Minister His Highness Shaikh Mohammed bin Mubarak Al Khalifa to open the 28th Bahrain Heritage Festival. The festival is being held under the theme Our Golden Heritage. At the opening of the festival on behalf of His Majesty the King, Shaikh Mohammed expressed HM the King’s pride, as well as royal interest in this cultural event which began in 1992. As a means of revitalizing Bahrain’s cultural scene, he emphasized the festival’s importance in showcasing Bahrain’s rich heritage, civilization, and willingness to embrace other cultures. This year’s…
Dr. Shaikh Abdullah bin Ahmed Al Khalifa, Undersecretary for Political Affairs at Bahrain’s Ministry of Foreign Affairs, participated in the 151st meeting of the Gulf Cooperation Council (GCC) countries, held at the headquarters of the General Secretariat. The meeting was chaired by the Saudi Minister of Foreign Affairs, His Highness Prince Faisal Bin Farhan Al Saud, the Chairman of the current session. Ministers of foreign affairs from GCC countries were present, as was GCC Secretary-General Dr. Nayef Falah Mubarak Al-Hajraf. Dr. Shaikh Abdullah affirmed Bahrain’s eagerness to enhance GCC strategic cooperation and integration, with a focus on completing the elements…
Oman’s Ministry of Higher Education, Research and Innovation and Sultan Qaboos University (SQU) signed an agreement to run and manage the Oman Research Repository under the codename Shuaa. Dr. Rahma Ibrahim Al Mahrouqi, Minister of Higher Education, Research and Innovation, and HH Sayyid Dr. Fahd Al Julanda Al Said, Vice Chancellor of SQU, signed the agreement. Through the program, SQU will archive, review, and contract with data entry specialists as well as monitor the entries to the platform using the DSpace software. Shuaa’s electronic platform was launched concurrently with the signing ceremony. It is considered a central repository for Omani…
During a meeting held at the Interior Ministry, the Jordanian government talked about the price increases and measures taken to mitigate them. Government officials are working to stem the increase in market prices, including those for vegetables, meat, and poultry, said Interior Minister of Jodan, Mazen Faraya. The price hike is primarily caused by the global wave of high prices caused by the Ukraine crisis and COVID-19 pandemic, as well as the high cost of shipping, Faraya said, adding that citizens should be aware of the government’s role in stabilizing prices in the market. As he stressed, it is crucial…
The Crown Prince, Deputy Prime Minister, and Minister of Defense, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, received today the President and members of the Yemeni Presidential Leadership Council. Prince Salman expressed Saudi Arabia’s support for the Yemeni Presidential Leadership Council, hoping that the council’s creation would contribute to moving Yemen from war to peace and development. Prince Salman expressed optimism, noting that everyone is motivated. He said Saudi Arabia wants Yemen to experience stability, security, and prosperity. The meeting was attended by Prince Khaled bin Salman bin Abdualziz, Deputy Minister of Defense; Prince Faisal bin Farhan bin…
The Sultanate of Oman, represented by the Ministry of Finance, presided over the annual meetings of the joint Arab financial institutions as well as the 45th meeting of the Board of Governors of the Arab Monetary Fund (AMF), held in Jeddah, the Kingdom of Saudi Arabia (KSA). The delegation from Oman was led by Minister of Finance, Sultan Salim Al Habsi. Tahir Salim Al Amri, the Executive President of the Central Bank of Oman (CBO), attended the meetings. Al Habsi applauded the efforts made by joint Arab financial institutions in equipping Arab economies to deal with the repercussions of the…
The Yemeni Presidential Leadership Council and its supporting entities have the full support of Saudi Arabia in developing policies and initiatives that will lead to security and stability in Yemen and to an end to the Yemeni crisis. Saudi Arabia will provide 3 billion dollars to the Yemeni economy. Yemeni Central Bank will receive $2 billion in support from Saudi Arabia and the United Arab Emirates jointly, while an additional $1 billion from Saudi Arabia will include $600 million for oil derivatives and $400 million for development support. Yemen will also receive $300 million from Saudi Arabia to help fund…
Guests from three nationalities are no longer able to book a hotel through Discover Qatar’s website in order to avail of visa on arrival. As of now, it is not known whether the hotel booking requirement for Indian, Iranian and Pakistani citizens arriving in Qatar on a visa-on-arrival will be permanently removed or just temporarily lifted. It was announced on April 5, 2022 that Discover Qatar had made changes in requirements and had added compulsory hotel bookings for Indian, Iranian and Pakistani nationals for the duration of their stay in Qatar. It is said that the decision had sparked a…