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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.
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)
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.
The Region’s first airport established by the British in 1932 in Sharjah, which catered to airliners on the western Gulf air-route to India.
However, an airstrip existed on Abu Dhabi’s Sir Bani Yas Island since 1930, which also served planes on the route between Britain, India and Australia, has not gained much attention of history enthusiasts for the obvious reason — it was mainly meant for military aircraft, not civilian flights, according to historians and documents accessed by Emirates News Agency (WAM) from the UAE’s National Archives.
Sharjah airport and fuel tank in Abu Dhabi in 1932
An administration report for the Trucial Coast for the year 1932 says, “The chief event of the year was the securing of the Airport at Shargah (Sharjah) from the Shaikh (sic) of that place in July.” The report added that a fuel tank was established at Sir Bani Yas Island belonging to the Sheikh of Abu Dhabi in the same year.
Sharjah and Abu Dhabi, along with neighbouring emirates, were then part of the Trucial States, which was a collection of various sheikhdoms that allied themselves to the British through a number of treaties, until the formation of the UAE in 1971.
The 1932 report says the British Residency Agent in Sharjah, accompanied by the Political Agent in Kuwait, “succeeded after a further few days negotiations in persuading the Shaikh (sic) to put his signature to the required agreement [to establish the airport in Sharjah], which offered very favourable terms to the Shaikh (sic).”
On 5th October 1932, the first Imperial Airways flight landed and left Sharjah, said the report. (Imperial Airways later merged with British Airways to establish the British Overseas Airways Corporation in 1939.)
Tedious negotiations, agreement on Rs. 400 rent
However, the British officials had to engage in “tedious” negotiations with Abu Dhabi’s ruler for the facilities on Sir Bani Yas Island, located 250kms broadly west of the UAE’s capital.
Lt. Col. Gordon Loch, British Political Agent in Bahrain, persuaded Ruler of Abu Dhabi, Sheikh Shakhbut bin Sultan Al Nahyan, to sign the agreement in 1935 on the storage tank and landing ground on Sir Bani Yas Island, along with another landing facility near Abu Dhabi, according to a letter written by Loch to the British Political Resident in the Gulf, on 17th February 1935.
The negotiation was tough because “In 1930 the Royal Air Force (RAF) had established a landing ground on Sir Bani Yas, despite opposition of Sheikh Shakhbut [the elder brother of Sheikh Zayed, the UAE’s founding father],” writes historian Nicholas Stanley-Price in his book titled ‘Imperial Outpost in the Gulf – The Airfield at Sharjah (UAE) 1932-1952.’ The agreement, signed on 18th February 1935 between the RAF and Sheikh Shakhbut mentions Indian rupees 400 (then the currency in use in the Emirates) as monthly rent for the facilities to be paid to the Sheikh. The British Government also agreed to pay a sum of rupees 5,000 as a token of friendship and goodwill. The agreement was valid for 12 years, until 1947.
Air crash during Second World War
Talking about the security of the facility, Peter Hellyer, who has made a special study of the history of Sir Bani Yas, says, “A guard from Oman was recruited to look after the fuel tank, and lived a lonely life for many years before eventually marrying a servant of one of the Dalma families who visited the island in winter.”
There proved to be little demand for the airstrip and the petrol tank, although there was a short flurry of activity during the Second World War.
Hellyer, an advisor on cultural heritage at the UAE Ministry of Culture and Youth, notes that: “On 22nd April 1944, two ‘Anson’ aircraft belonging to the Anti-Locust Mission crash-landed at the island, en route from Sharjah to Bahrain. However, it is not clear from the records whether the Ansons crash-landed at the airstrip, or elsewhere on the island.”
Hellyer adds that the affected airmen were provided with a bag of flour and a bag of peas by the inhabitants on the island. Unfortunately, on 24th April, a serious mishap occurred with a petrol fire and one man was very seriously burnt. A B.O.A.C. flying boat landed at Yas Island and the injured were evacuated to Bahrain and later the aircraft were also flown off from the Island and arrived in Bahrain on 26th April, he explains.
New Airport opens in 2008
The emergency airstrip on the island, Hellyer adds, “was officially abandoned in 1944, although the Ruler continued to receive payment for the facility until at least 1949.”
He notes, a tarmac airstrip was opened on Sir Bani Yas by the early 1970s, situated on the western side of the island, although not for commercial use.
This was later expanded by the Abu Dhabi Airport Company, which opened a fully-fledged airport in 2008, to complement the island’s development as a nature-based tourist destination.
The island is also home to the only Christian monastery so far identified in the Emirates. Thought to have been built around 600AD and abandoned perhaps 150 years later, the monastery was rediscovered during excavations in the early 1990s by the Abu Dhabi islands Archaeological Survey, ADIAS, directed by Hellyer
No trace of fuel tank
According to the Department of Culture and Tourism (DCT-Abu Dhabi), which oversees Sir Bani Yas today, “there does not appear to be any surviving trace of the fuel tank. The particular area where it was probably located in between the Sir Bani Yas Clinic, Jetty area and Arrivals Hall, and the Petrol Station,” a spokesperson tells WAM.
However, the DCT-Abu Dhabi has made out an approximate location of the tank from the historical documents of the National Archives. This location is also confirmed by later UK mapping from 1966, adds the DCT spokesperson.
WAM/Binsal AbdulKader
source: Reproduced from WAM Feature : Thu 10-06-2021 15:44 PM
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.
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’
UNICEF chose Egyptian megastar Ahmed Helmy to serve as Regional Ambassador for the Middle East and North Africa.
“I am truly excited about this new role, I am delighted to continue to work with UNICEF to advocate for children’s rights across the region” said Helmy during the ceremony tailor made to announce his appointment as regional ambassador which was held through online video on June 6.
In 2017 Helmy was chosen to serve as UNICEF Ambassador in Egypt and has participated in multiple events to advocate for child protection and empowerment.
Helmy has previously cooperated with the United Nations World Food Programme (WFP) to promote for the Food for Education project.
Additionally, Helmy collaborated with UNICEF in the #FightUnfair social media campaign launched in December 2015 to shed the light on the challenges facing children and young adults in Egypt.
Both Helmy and his wife Zaki were appointed as UNICEF Egypt Ambassadors; both were featured in two short videos promoting for ending violent disciplinary practices.
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.
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.
Dr. Amal bint Saif al-Maani, Director of Department of Infection Prevention, Ministry of Health.
Dr. Amal Bint Saif received the prestigious Sasakawa Health Prize 2021, awarded by the World Health Organization for boosting awareness of antimicrobial resistance and the importance of Hand Hygiene.
Ministry of Health said: “The Executive Council of the World Health Organisation announced the winning of Dr. Amal Bint Saif, a consultant in infectious diseases for children and infection control and director of the Department of Infection Prevention and Control of the General Directorate for Disease Control and Control at the Ministry of Health.
“To help combat antimicrobial resistance, Dr Al Maani engaged in the national project “Be Role Model for Hand Hygiene” as part of her advocacy work for HandHygiene in the community and health care settings in Oman,” WHO added