Author: News Desk

Arab Ship Shipbuilding and repair Yard (ASRY) signed a Memorandum of Understanding with ONEX Shipyards Greece with the aim to collaborate on knowledge and experience sharing in the sector of maritime repair, technology, optimization, modernization and to explore future business opportunities. The MoU was signed virtually between the two companies in the presence of Kyriakos Mitsotakis, the Greek Prime Minister who was visiting ONEX shipyards at that time. Mitsotakis expressed his gratitude to ASRY for taking this first step to engage with one of the historical Greek shipyards, which reflects Bahrain’s advanced capabilities in terms of economic cooperation. Managing Director…

The Central Bank of the UAE (CBUAE) has launched two new banknotes, in five and ten dirham denominations, made of polymer and enhanced by advanced technical characteristics and security features. The new banknotes are the third issue of the national currency, and reflect the CBUAE’s aim to keep pace with the nation’s development and vision in the next fifty years, particularly in the financial and economic sectors. These issues follow the success of the initial 50-dirham polymer note. The new AED5 and AED10 banknotes highlight the CBUAE’s adoption of sustainable practices and its efforts to develop enhanced environmental standards in…

Saudi Minister of Finance Muhammad bin Abdullah Al-Jadaan and the Governor of the Saudi Central Bank (SAMA) Dr. Fahd bin Abdullah Al-Mubarak, participated in 2nd meeting of G20 finance ministers and central bank governors. The meeting was held under the Indonesian presidency, on the sidelines of 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, SPA reported. They discussed key issues related to significant changes in the global economic outlook since the February meeting, including the economic and financial implications of the crisis in Ukraine, the epidemic prevention, preparedness and response mechanism. The minister touched…

His Highness Dr. Shaikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah opened the second edition of the Emirati Book Fair, organised by the Sharjah Book Authority (SBA), in cooperation with the Emirates Writers Union. His highness launched his latest historical book, issued by Al Qasimi Publications, titled “The Struggle of the Zend Princes and the Demise of the King”. The Ruler of Sharjah signed the new book and kindly gifted a number of signed copies to senior Emirati officials, intellectuals and writers, WAM reported. In his new historical book, Shaikh Sultan relies on narrating the…

Queen Elizabeth celebrated her 96th birthday at her Sandringham estate on Thursday as gun salutes rang out across London and Windsor and military bands played “Happy Birthday”. Britain’s longest serving monarch, who celebrates a historic platinum jubilee this year, was pictured with two white ponies in a photo released for the occasion. Government ministers joined members of the royal family in sending their best wishes to the queen, who has stepped back from most public duties this year over concerns about her health. She has travelled from Windsor Castle, west of London, to spend her birthday at her estate in…

President Vladimir Putin claimed victory in the biggest battle of the Ukraine war on Thursday, declaring the port of Mariupol “liberated” after nearly two months of siege, despite hundreds of defenders still holding out inside a giant steel works. In a televised meeting with his defence minister inside the Kremlin, Putin said there was no need for a final confrontation with the last defenders who were boxed in after surviving nearly two months of Russia’s siege. “I consider the proposed storming of the industrial zone unnecessary,” he told Defence Minister Sergei Shoigu in a televised meeting at the Kremlin. “I…

Chinese President Xi Jinping on Thursday proposed a “global security initiative” that upholds the principle of “indivisible security”, a concept also endorsed by Russia, although he gave no details of how it would be implemented. During a video speech to the annual Boao Asia Forum, Xi said that the world should respect the sovereignty and territorial integrity of all countries, while paying attention to the “legitimate” security concerns of all. “We should uphold the principle of indivisibility of security, build a balanced, effective and sustainable security architecture, and oppose the building of national security on the basis of insecurity in…

Germany is examining what extra maintenance and ammunition its stock of ageing Marder armoured infantry fighting vehicles will need to be rendered fit for deployment by the Ukrainian military, Foreign Minister Annalena Baerbock said. On the second day of a tour of the Baltic states, Baerbock addressed the growing chorus of criticism of Germany’s apparent foot-dragging on delivering the weaponry Kyiv says it needs to fend off Russian attack. “There are no taboos for us with regard to armoured vehicles and other weaponry that Ukraine needs,” she said. Berlin’s priority was to ensure Ukraine quickly got older Soviet-designed kit that…

Denmark’s prime minister on Thursday pledged to send more weapons to Ukraine during a trip to Kyiv, where she and her Spanish counterpart Pedro Sanchez were meeting President Volodymyr Zelenskiy in a gesture of support. Mette Frederiksen also visited the badly damaged town of Borodyanka, which has been retaken after Russian troops pulled back from the region around Kyiv. “We intend to deliver more weapons to Ukraine because that is what is most needed,” Frederiksen told the Danish channel TV2 as she walked around the town surrounded by armed soldiers. Frederiksen and her Spanish counterpart Pedro Sanchez both arrived in…

European Council President Charles Michel pledged European solidarity with Ukraine during a surprise visit to Kyiv on Wednesday and said justice must be done for alleged Russian war crimes. Michel, the head of the European Council, which represents the European Union’s 27 member states, visited the town of Borodianka northwest of Kyiv before holding talks with President Volodymyr Zelenskiy in the capital. Ukraine suspects that Russian troops carried out atrocities in Borodianka and Bucha, another town near the capital. Moscow denies targeting civilians and has described the allegations as fabricated by Kyiv to justify more sanctions against it. “There are…