The African Banker, a quarterly magazine that covers Africa-related financial news, has named Moroccan Minister of Economy and Finance Mohamed Benchaaboun as Africa’s “Finance Minister of the Year.
The winners of the 2021 edition of the African Banker Trophies were celebrated on June 23, 2021, during the prestigious awards ceremony, organized on the sidelines of the Annual Meetings of the African Development Bank.
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MOROCCO
‘Our goal is to leverage Dubai as the first economy capital in the world’: Mohammed bin Rashid tells Board of Directors of Dubai Chambers
‘Economy has priority in the next stage, and we must mobilise all our creative minds and our exceptional efforts to catapult Dubai’s economy to new heights,” said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, during a meeting on Tuesday with the Board of Directors of Dubai Chambers after the major restructuring where His Highness formed three entities – Dubai Chamber of Commerce, Dubai Chamber of Digital Economy and Dubai Chamber of International Trade.
His Highness Sheikh Mohammed recently approved the new Board of Directors of Dubai Chambers as part of efforts to enhance their contributions to Dubai’s economy, raise the level of support provided to emerging business sectors and accelerate Dubai’s innovation journey. The move is also part of efforts to catalyse Dubai’s economic transformation and further reinforce the city’s rise as a global business hub.
”Establishing a solid and prosperous economy is at the center of our priorities,” His Highness added.
source/content: wam.ae
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DUBAI, UNITED ARAB EMIRATES (U.A.E)
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 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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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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SAUDI ARABIA
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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SAUDI ARABIA
World Business outlook is a print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy.
| 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
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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UNITED ARAB EMIRATES (U.A.E.)
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. 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:
International:
Launches:
Honours:
www.zuhairmurad.com
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LEBANON