Author: News Desk

The World Bank seeks to expand its balance sheet to be able to better fund development projects and plans to add an additional lending capacity of $150 billion over the next decade, its president has said. The Washington-based lender is looking to become a better, and more efficient bank and will utilise instruments such as portfolio guarantees and hybrid capital to expand the pool of funds at its disposal for lending to developing nations, Ajay Banga told a press briefing on the sidelines of the World Bank and International Monetary Fund annual meetings in Marrakesh on Wednesday. The instruments such as portfolio guarantees and hybrid…

Affiliates of QatarEnergy and TotalEnergies have signed two sale and purchase agreements for the supply of up to 3.5 million tonnes of liquefied natural gas a year to France. The LNG will be shipped to the Fos Cavaou LNG terminal in southern France, with deliveries expected to start in 2026 for a term of 27 years, Qatar’s state-owned energy company said on Wednesday. The volumes will be sourced from the two joint ventures between QatarEnergy and TotalEnergies that hold interests in Qatar’s North Field East (NFE) and North field South (NFS) projects. TotalEnergies’ partnership in the North Field LNG Expansion Projects is…

Manama : The Labour Market Regulatory Authority (LMRA) announced the implementation of three inspection campaigns, which resulted in monitoring a number of violations related to the provisions of a number of regulating laws, especially the Labour Market Regulatory Authority Law and the Residency Law in Bahrain. The authority continues to intensify joint efforts to activate regulatory tools to address illegal practices in the labour market, to ensure its fairness and stability, and enhance its productivity. The LMRA noted that legal measures were taken regarding the observed violations. LMRA pointed to the implementation of inspection campaigns in the Capital Governorate, the…

Manama : Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, received Alastair Long, UK Ambassador to Bahrain. The meeting discussed enhancing investment opportunities in the oil and environmental sectors. Dr. Bin Daina affirmed Bahrain’s keenness to strengthen cooperation with various countries to consolidate and develop strategic partnerships in various fields, especially in the oil and environmental sectors. Ambassador Long commended Bahrain’s achievements in the oil and environmental sectors, wishing the Kingdom success within the framework of its comprehensive development process.

Manama : Lieutenant General Dr. Shaikh Mohammed bin Abdullah Al Khalifa, Chairman of the Supreme Council of Health (SCH), inaugurated the First Bahrain Psychiatry Conference. Dr. Jalila bint Sayed Jawad Hassan, Health Minister, Shaikh Hisham bin Abdulaziz Al Khalifa, Chairman of the Board of Trustees of Governmental Hospitals, and Dr. Ahmed Mohammed Al Ansari, CEO of Government Hospitals, were present. He highlighted that organising this event embodied the Kingdom’s distinguished position in hosting leading medical conferences to exchange expertise. Twenty eight speakers from the GCC and Egypt participated in the conference, and over 30 research papers on psychiatry were presented.

Manama : The Deputy King, His Royal Highness Prince Salman bin Hamad Al Khalifa, today issued Decree (94) of 2023, restructuring the Board of Directors of the Labour Fund, based on a proposal by the Prime Minister, and following the approval of the Cabinet. The decree stipulates the following: Article (I) The Board of Directors of the Labour Fund shall be restructured under the chairmanship of His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa, and the membership of: 1- HE Hamad bin Faisal Al Malki 2- HE Nour bint Ali Al Khulaif 3- Waleed Ibrahim Kanoo 4- Bassem…

Muscat : Nawaf bin Mohammed Al Maawda, Minister of Justice, Islamic Affairs and Endowments, participated in the 33rd meeting of the Ministers of Justice of the Gulf Cooperation Council (GCC) countries. The meeting reviewed the draft agreement on the extradition of accused persons in the GCC countries, and the project to develop the agreement on the enforcement of judgments, judicial cooperation and service in the GCC countries. They discussed Oman’s initiative to enhance judicial integration among the GCC countries. The ministers issued several recommendations to be submitted to the Supreme Council in its next session

Ahmedabad, Oct 13 (IANS) Amidst the hype and pressure around the high-octane India-Pakistan clash at the Narendra Modi Stadium on Saturday, Babar Azam feels the match is a golden opportunity for his team to become heroes by performing well in front of fans expected to pack 1,32,000 seats in the stadium.“To be honest – yes, the India-Pakistan match is a big game – it is a high intensity game. I’ve just told them to give us the best opportunity – give us whatever best you have, and do what you have been doing. That’s our belief as a player, as…

New Delhi, Oct 13 (IANS) The Indian startup sector saw a significant drop in deal activity in 2023 (year-to-date) compared to the same period in 2022, a report showed on Friday.Overall, there was a 39 per cent decrease in the number of deals and a 68 per cent decrease in their total values, according to Grant Thornton Bharat’s ‘Q3 Deal tracker Report.’ This decline was particularly pronounced in the mergers and acquisitions (M&A) landscape, where values plummeted by 83 per cent this year. This steep drop can be attributed to the absence of some of the massive billion-dollar deals witnessed…

The victim has been identified as Saifur Ali (17).He was admitted in the rehabilitation center as he was addicted to drugs. On Friday, the center authorities called up his family members and informed them about the critical condition of the deceased and hence being taken to a local hospital.On reaching the hospital, the family members were informed that Ali has been lynched. The family members accused that there were severe injuries and burn marks all over the body of the victim.They alleged that the injuries indicated that it was a clear case of lynching. As the news surfaced the local…