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Indonesia welcomed the UAE’s commitment to invest $10 billion in its recently launched sovereign wealth fund, which a senior official said made the emirates the “largest major investor” in the initiative.
“With this investment, so far the UAE has become the largest major investor in the Indonesia Investment Authority (INA),” Husin Bagis, Indonesia’s ambassador to the UAE, told Arab News.
The UAE helped Indonesia establish the INA through its Abu Dhabi Investment Authority (AIDA) in February this year, with the AIDA serving as one of its advisers.
source/content: arabnews.com
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The UAE helped Indonesia establish the INA through its Abu Dhabi Investment Authority (AIDA) in February this year, with the AIDA serving as one of its advisers. (Shuttertstock/File Photo) / arabnews.com
The winners of ‘ The Princess Seetah bint Abdul Aziz Award ‘ – were as follows:
Excellence in national achievement: Health ministry’s volunteering program and education ministry’s distance learning digital platform ‘Madrasti’ (my school)
Excellence in Islamic endowment: General Authority for Endowments for mitigating the effects of the virus on people through its humanitarian initiatives.
Excellence in social work: The Madinah Al-Munawarah’s NGO for its ‘The good city initiative.’
Excellence for social work entrepreneurs: Sheikh Abdullah Ibrahim Al-Subeai for setting up a charitable institution and donating money to various causes in the Kingdom during the pandemic.
Corporate social responsibility: Advanced Petrochemical Company for its initiatives during the pandemic and Sadara Chemical Company for its work with the health sector in tackling COVID-19.
Established in April of 2012 by royal decree, the Princess Seetah bint Abdul Aziz Foundation for Excellence in Social Work is an independent nonprofit organization.
The late Princess Seetah was famous for her piety, devotion and benevolence. Known as “the mother of the needy” and “the mother of goodness,” her charitable efforts made her a household name over the course of her life.
Her house was open to all types of Saudi people. She would meet with them, listen to their problems and try to find solutions either by following up on their issues, helping them financially or presenting their problems to those in charge if she was unable to do so herself.
During her life, she served as president of the National Family Safety Program, as an honorary member of the Saudi Historical Society, president of Safat Al-Khair Project and president of Al-Saud Women’s Forum.
www.seetahaward.org
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The Seventh Princess Seetah Awards’ gala dinner was held at the Four Seasons Hotel in Riyadh. (AN Photo) / pix: arabnews.com
Dubai Electricity and Water Authority (DEWA) has won the ‘2020 Middle East and Africa Renewables Deal of the Year’ from Project Finance International (PFI) magazine for the photovoltaic 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park. PFI magazine, a subsidiary of Thomson Reuters, focuses on tracking and analysing projects, financial budgets and project deals worldwide.
The solar park is the largest single-site solar park in the world with a planned production capacity of 5,000 megawatts by 2030″
The fifth phase is to provide clean energy to 270,000 residences in Dubai. This will reduce 1.18 million tonnes of carbon emissions annually. The project is due for commissioning in stages starting Q3 of 2021.
Currently, Qatar is the largest LNG exporter, and it is working to increase its liquefaction capacity to 126 mtpa (million tonnes per annum) by 2027.
Post-2027, a further 55 mtpa of speculative LNG projects remain to be completed.
It is forecast that Qatar will maintain its position as the top LNG exporter in the world by 2050,” noted the 5th edition of ‘Global Gas Outlook 2050’ by GECF.
Qatar along with Iran will contribute significantly in the growth of natural gas production in the Middle East, noted a report released by Gas Exporting Countries Forum (GECF) yesterday.
Dubai Electricity and Water Authority (DEWA) has won the European Foundation for Quality Management (EFQM) UN Sustainable Development Goals (SDGs) Challenge 2021.
The award recognises DEWA’s efforts in sustainable development and its support of the UAE’s efforts to achieve the UN SDGs.
DEWA achieved a significant score of 89.17 percent in the sustainability culture indicator index in 2019, exceeding the global average.
The indicator is based on several aspects, including leadership in achieving sustainability, strategic commitment to sustainability, innovation in sustainability, training effectiveness, and awareness about the UN’s SDGs.
The Permanent Mission of Morocco to the UN announced today that the UN General Assembly has adopted a resolution proclaiming May 10th of each year as the International Day of Argania.
Argan trees cover more than 71% of the Souss valley in south-western Morocco.
Morocco’s rich resources position Morocco as the largest international exporter of argan-based products.
Argan is a popular ingredient in beauty cosmetics, including for hair and skin care.
Argan product sales for medicine, cosmetics, and consumption makeup over 90% of the Souss-Massa region’s economy.
Over 17,500 cooperatives are active in the argan industry. Most of the rural businesses employ local women, according to the UN Food and Agriculture Organization (FAO).
source: moroccoworldnews.com
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Morocco submitted a draft resolution, citing the important role of the argan tree in promoting job creation in rural areas across the country / pix: moroccoworldnews.com
Saudi Arabia’s Manga Productions has launched a promotional video for the first joint Saudi-Japanese anime film “The Journey” using 4 G technology.
A number of famous Arab actors have taken part in the Arabic version of the movie, including Nassar Al-Nassar, Abdo Chahine and Rasha Rizk.
It is a joint production with famous Japanese studio Toei Animation, and is directed by renowned international director Kobun Shizuno, who has directed anime hits including “Godzilla: City on the Edge of Battle” and “Detective Conan.”
“The video will be featured in the region and worldwide to export our Saudi culture and historical stories from the Arabian Peninsula,” added CEO of Manga Productions, Dr. Essam Bukhari. “This will be the first of a number of videos that will be produced by Manga Productions and will be featured in cinemas in the Middle East and the world.
source: http://www.arabnews.com
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‘The Journey’ tells the story of Aws, a potter with a mysterious past who indulged in an epic battle in defense of his city. (SPA) / pix: arabnews.com
The Ministry of Planning launched in cooperation with Facebook and Rise Up Foundation an interactive platform “SMB Business BOT” for entrepreneurship to support small and medium enterprises in the Middle East and North Africa.
Minister of Planning and Economic Development, Dr. Hala El-Said asserted the keenness of the ministry to provide mechanisms supporting the entrepreneurship thinking, saying the ministry is keen on establishing business incubators via “Rowad 2030” project that was launched by the ministry .
Facebook Managing Director in the Middle East and North Africa Ramez Shehadi said Facebook is committed to provide the tools that would enable small and medium enterprises push forward economic growth wheel, creating job opportunities and boosting local societies in Egypt,
The Founder of Rise Up Foundation Abdel Hamid Sharara said the Business BOT program will provide support needed by the different companies in the Middle East and North Africa. (MENA)
source: egypttoday.com
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Egypt’s Minister of Planning and Economic Development, Dr. Hala El-Said – Press photo / pix: egypttoday.com
