DP World, Somaliland Open New Terminal at Berbera Port : June 24th, 2021

DP World and the Government of Somaliland on Thursday June 24th, inaugurated the new container terminal at Berbera Port, as part of its development into a major regional trade hub to serve the Horn of Africa.

The new terminal was officially opened by Muse Bihi Abdi, President of Somaliland, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, at a special event attended by over 200 guests, including a Government delegation from Ethiopia, led by Ahmed Shide, Ethiopia’s Minister of Finance, and Dagmawit Moges, Ethiopia’s Minister of Transport.

The event also included a symbolic ground-breaking for the new Berbera Economic Zone, the first phase of which is under construction.

The new container terminal with a deep draft of 17 metres, a quay of 400 metres and three ship to shore (STS) gantry cranes, can handle the largest container vessels in operation today, and increases the port’s container capacity from current 150,000 Twenty Foot Equivalent Units (TEUs) to 500,000 TEUs annually.

The terminal also includes a modern container yard with eight rubber tyred gantry cranes (RTGs).

A new port One Stop Service Centre is also currently being built and will be ready in quarter three this year.

source/content: wam.ae

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DUBAI, UNITED ARAB EMIRATES (U.A.E) / SOMALILAND

Twitter Introduces New ‘Arabic Feminine’ Language Option Setting : June 16th, 2021

Twitter unveiled a new version that allows Arabic language users to be addressed as female rather than male, in efforts to use “inclusive language” on the platform, popular in the Arab world.

Arabic verbs and adjectives have both masculine and feminine forms, including imperative verbs such as “tweet” and “explore” found on social media apps.

People who select this setting will be addressed in the feminine form. For example, “Tweet” will be “غرّدي” (which addresses women) rather than the default Arabic today which is “غرّد” (addressing men). Also, “Explore” will be “إستكشفي” rather than “إستكشف”.

To access the new feature, users can go to “settings and privacy,” select “accessibility, display and languages,” select “languages” and go to “display language,” and easily switch to “Arabic feminine.”

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TWITTER

World’s Largest Coral Garden in the Red Sea, Saudi Arabia

Officials in Saudi Arabia have announced a joint project to establish the largest coral garden in the world at NEOM, the futuristic mega-city being built in the Kingdom’s northwest.

NEOM and King Abdullah University of Science and Technology (KAUST) said that the project that will cover 100 hectares on Shusha Island on the shores of the Red Sea.

The Shusha Island Coral Park will become a global center to showcase innovations to protect and restore coral reefs and accelerate conservation solutions, helping to reduce the effects of climate change, a statement issued by Saudi Press Agency said.

Shusha Island is home to more than 300 species of coral and 1,000 species of fish.

The project is scheduled to be completed in 2025, making NEOM a world leader in restoring and developing coral reefs.

source/content: arabnews.com

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A picture shows coral reefs at the Obhor coast, 30 kms north of the Red Sea city of Jeddah, 20 December 2007. AFP PHOTO/HASSAN AMMAR (Photo by HASSAN AMMAR / AFP) / pix: arabnews.com

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SAUDI ARABIA

Saudi Arabia Elected – Titular Member of ILO body : June 14th, 2021

Saudi Arabia has been elected as a titular member of the International Labour Organization’s (ILO) governing body until 2024.

Elections for the membership were held on Monday June 14th, 2021 as part of the 109th session of the International Labour Conference.

Saudi Minister of Human Resources and Social Development Ahmed Al-Rajhi said the Kingdom’s election to the ILO’s governing body is an outcome of the Saudi leadership’s continuous support to the labor market and workers in the Kingdom.

source/content: arabnews.com

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Ahmed Al-Rajhi. (SPA) / pix: arabnews.com

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SAUDI ARABIA

Winners of the ‘World Business Outlook Awards 2021’ : June 2021

World Business outlook is a print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy.

Award Winners

Africa	Africa50 Infrastructure Fund	Best Infrastructure Investment Company Africa 2021



Bahrain	BBK Bank	Best Retail Bank Bahrain 2021
Bahrain	GFH Financial Group	Best Diversified Investments Portfolio Bahrain 2021











Global	Hotforex	Best Customer Service Experience Global 2021
Egypt	Arab African International Bank	Best Microfinance Company Egypt 2021
Egypt	Arab African International Bank	Best Investment Bank Egypt 2021
Egypt	Arab African International Bank	Best CSR Bank Africa 2021
Egypt	Banque Misr	Best New Digital Loan Provider Bank Egypt 2021
Egypt	Banque Misr	Best SME Bank Egypt 2021
Egypt	Banque Misr	Best Islamic Bank Egypt 2021
Egypt	CI asset management	Best Asset Manager In Egypt 2021
Egypt	CI asset management	Best Money Market Fund In Egypt 2021
Egypt	CI asset management	Best Equity Fund In Egypt 2021
GCC	Riyad Bank	Most Innovative SME Banking Product of the Year (Monshaat) GCC 2021




Jordan	Fine Hygienic Paper FZE	Most Innovative Mask Manufacturing Brand MENA 2021
Jordan	James Michael Lafferty (CEO – Fine Hygienic Paper FZE)	Best Health Care CEO of the Year Jordan 2021






MENA	Gulf Insurance Group	Most Sustainable Insurance Group MENA 2021











Oman	Bank Nizwa	Best Islamic Retail Bank Oman 2021
Oman	Bank Nizwa	Best Islamic Corporate Bank Oman 2021
Oman	National Bank of Oman	Best Digital Bank Oman 2021
Oman	National Bank of Oman	Best Mobile Banking App Oman 2021


Qatar	Doha Bank	Best Digital Payment App “Doha Easy Pay” 2021
Qatar	Doha Bank	Best Commercial Bank Qatar 2021
Saudi Arabia	Falak Investment Hub	Most innovative acceleration program (Falak Flagship Program) Saudi 2021
Saudi Arabia	Riyad Bank	Most Innovative SME Banking Product of the Year (Monshaat) Saudi Arabia – 2021
Saudi Arabia	Saudi Payments	Best Digital Payment Solution Provider Saudi Arabia 2021















Tanzania	Jubilee Insurance Company Limited	Best General Insurance Company Tanzania 2021
Tanzania	Mr. Dipankar Acharya (CEO – Jubilee Insurance Company Limited)	Best General Insurance CEO Of The Year 2021





UAE	Aafiya TPA Services	Best Customer Service Insurance Provider UAE 2021
UAE	FERG – Foreign Exchange and Remittance Group	Best Non-Profit Financial Support Group UAE 2021
UAE	Genero Capital	Best SME Financing Advisor UAE 2021
UAE	Mashreq Bank	Best Digital Bank of the Year UAE 2021
UAE	MultiBank Group	Most Innovative CFD Broker Global 2021

source: worldbusinessoutlook.com

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ARABIAN RECORDS COUNTRIES

UAE Elected to UN Security Council : June 11th, 2021

United Arab Emirates elected as a non-permanent member of the UN Security Council for 2022-2023.

The UAE is one of five countries elected to sit as non-permanent members on the Security Council in 2022 and 2023.

The others are Brazil, Albania, Gabon and Ghana, and the new arrivals could potentially shift the power balance within the world body, diplomats predicted.

“The UAE has always been ready to assume its share of the responsibility to confront urgent global challenges, in cooperation with the international community, and this was the primary motivation for our campaign for Security Council membership,” said Sheikh Abdullah bin Zayed, the UAE’s minister of foreign affairs and international cooperation.

Lana Zaki Nusseibeh, the UAE’s permanent representative to the UN, said her country’s role on the Security Council “stems from our belief that our values and principles can help advance progress toward our common goal of international peace and security.”

The UAE joined the UN in 1971, the year the country was founded. The only time it has previously held a seat on the Security Council was in 1986-1987.

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This United Nations handout photo shows a view of the Security Council meeting at the UN in New York. (AFP file photo) / arabnews.com

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UNITED ARAB EMIRATES (U.A.E.)

Winners of 12th Makkah Award for Excellence honored : June 09th, 2021

The Saudi Data and Artificial Intelligence Authority (SDAIA) won the award for its work during the COVID-19 pandemic, by providing digital support and assistance to the authorities managing the crisis, state news agency SPA reported.

The launch of the “Tawakkalna” and “Tabaud” applications — released three weeks after development — contributed significantly to helping the relevant authorities combat the epidemic, by providing services necessary for citizens, residents and visitors.

The recipients of the 12th Makkah Award for Excellence were honored by the region’s governor, Prince Khaled Al-Faisal, during a ceremony on Wednesday June 09th, at the Jeddah International Exhibition & Convention Center.

source/content : arabnews.com

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SAUDI ARABIA

Zuhair Murad – Fashion Designer, International Arab Label

Zuhair Murad. Couture, Ready-to-Wear, Bridal and Accessories.

The House of Zuhair Murad – designs, manufactures, distributes and retails coveted high fashion clothing. The brand is present in over 100 points of sales spread over the globe.

Inception and growth of boutiques:

Lebanon:

1997 – First Atelier opened in Beirut
2006 – First Boutique in Downtown Beirut
2010 – Relocated Corporate Office and Design Studio, Beirut
2013- Inaugrates Bridal Boutique, Beirut

International:

2001 – First Parisian ‘Maison de Couture’ in Paris
2016 – First store within a store, Kuwait
2017 – Shop in a shop, Vakko-Zorlu Center, Istanbul
2018- First Boutique in UAE, Fashion Avenue, Dubai Mall

Launches:

2001 – First Couture collection present in Haute Couture Week in Paris
2005 – First Ready-to-Wear (RTW) evening collection
2011 – Launches RTW Bridal collection

Honours:

2012 – Elected as Guest Member on the Supervisory Board of the ‘French Federation de la Haute Couture et de la Mode’

www.zuhairmurad.com

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LEBANON

Rasmala Group Acquires TESCO SUPERMARKET in Manchester, U.K. : June 01st, 2021

Rasmala acquires Tesco supermarket asset for GBP28.6m (US$40m)
Acquisition part of GBP1 billion (US$1.4 billion) UK investment programme
Focus on logistics, living strategies, healthcare and life sciences.

The Rasmala Group announced the acquisition of a TESCO Superstore (“Asset”) located in Hattersley, Manchester for GBP 28.6m (US$40m).

Developed in 2012, the Asset comprises a modern 100,365 sq ft net sales area supermarket with a dedicated customer car park and a petrol station.

The Asset is being acquired by the Rasmala Long Income Fund with an unexpired lease term of 15.8 years and will be financed via a GBP 17.1m Sharia-compliant debt facility provided by Abu Dhabi Islamic Bank.

The Rasmala Group has invested over GBP 530m ($750m) in UK real estate, private equity, financial services and tech, in partnership with Gulf investors with plans to invest a further GBP1 billion.

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UNITED ARAB EMIRTATES / MANCHESTER, U.K.

Saudi Industrial Development Fund (SIDF) Wins Top Awards in MENA region for Innovation : 2021

The Saudi Industrial Development Fund (SIDF) has won two gold awards at the Middle East and North Africa Stevie Awards, which recognize innovation in the region’s business sector.

The First gold award for innovation in business information or application websites, for developing the Tamkeen app to apply for and follow up on loans.

The 2nd gold award was for a mobile app for SIDF clients.

Winners of the gold, silver and bronze awards are determined based on average marks by 60 global professional figures through six juries.

source/content: arabnews.com

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SAUDI ARABIA