Categories
-Top News Arab News

Saudi-led airstrikes hit Houthi camps

The airstrikes came after a Houthi ballistic missile on Monday hit Saudi Aramco petroleum products distribution terminal in the Red Sea port city of Jeddah, causing fire in a fuel tank…reports Asian Lite News

Warplanes of the Saudi-led coalition launched multiple airstrikes on Houthi militia-held military camps in Yemen’s capital city of Sanaa on Friday.

The Houthi-run al-Masirah TV reported 14 airstrikes on Sanaa targeting the military camps in the areas of Hafa, Attan, Ayban, Sama and Jarban, reports Xinhua news agency.

Meanwhile, Saudi-owned Al Arabiya television also reported that the coalition launched multiple airstrikes on Houthi militia military sites in Sanaa.

The airstrikes came after a Houthi ballistic missile on Monday hit Saudi Aramco petroleum products distribution terminal in the Red Sea port city of Jeddah, causing fire in a fuel tank.

The Monday missile attack on Saudi oil facility was the latest in a series of cross-border drone and missile attacks by the Houthi militia in Yemen.

Most of the Houthi attacks had been intercepted by the Saudi-led coalition.

Yemen has been mired in civil war since late 2014, when the Iran-backed Houthi militia seized control of several northern provinces and forced the internationally-recognized government of President Abd-Rabbu Mansour Hadi out of Sanaa.

The Saudi-led Arab coalition intervened in the Yemeni conflict in 2015 to support Hadi’s government.

Also read:Netanyahu calls on Saudi Crown Prince

Categories
-Top News Arab News India News

Asian Lite Daily Digital Dubai – November 27, 2020 – India Cements Ties With UAE

India Cements Ties With UAE; Abu Dhabi To Be Global Logistics Hub For Vaccine Distribution; Biden Appeals Americans To Avoid Big Thanksgiving; Govt seeks connectivity, not charity: Ghani – all in Asian Lite Daily Digital Dubai – please click here to read.

Categories
-Top News Arab News World News

Expo 2020 Dubai: Canada to forge ties with UAE

During the meeting, Canada confirmed its continued commitment to the success of Expo 2020 Dubai, and its close collaboration with UAE partners…reports Asian Lite News

Expo 2020 Dubai officials and the Canadian diplomatic missions in the UAE met to discuss ongoing collaboration as the countdown to the Expo in October next year continues.

The meeting was chaired by Reem bint Ibrahim Al Hashemy, Director General of Expo 2020 Dubai Bureau and UAE Minister of State for International Cooperation, and Marcy Grossman, Ambassador of Canada to the UAE. It was also attended by Jean-Philippe Linteau, Consul General of Canada in Dubai and the Northern Emirates.

All participants highlighted the significance of Expo 2020 Dubai in the post-COVID context as a catalyst to convene the world. At a time of unprecedented global uncertainty and insecurity, Expo 2020 Dubai will bring together more than 200 participants – including countries, companies, international organisations and educational institutions – and millions of visitors to celebrate humanity and help build a better future.

Reem Al Hashemy, said, “Expo 2020 is bringing the world together to encourage collaboration and international cooperation at a time when it is most needed.

“Though much has changed this year, there are pressing challenges that existed before the pandemic and will remain when it is over. By bringing countries and people together to help find solutions to these challenges, Expo aims to inspire hope, optimism and a shared purpose for the future.”

During the meeting, Canada confirmed its continued commitment to the success of Expo 2020 Dubai, and its close collaboration with UAE partners to offer visitors events and experiences addressing shared interests including innovation, tolerance and cooperation.

Marcy Grossman, said, “Canada’s participation at Expo 2020 Dubai will showcase Canada’s commitment to the future, and bringing solutions to the world’s most pressing issues under our theme “The Future in Mind”. I am thrilled to witness the progress made on the expansive and impressive Expo site.”

Jean-Philippe Linteau, said, “I look forward to welcome many in-person and virtual visitors to Canada’s beautiful pavilion, taking shape in Expo’s Sustainability District. Sustainability is at the centre of Canada’s approach to COVID economic recovery.”

The importance of the bilateral relationship between Canada and the UAE in building a more sustainable, peaceful and prosperous future was also underlined in the meeting.

Expo 2020 Dubai – the first World Expo to be held in the Middle East, Africa and South Asia region – will run from 1st October 2021 until 31st March 2022.

Also read:Canada witnessing sharp rise of Covid cases

Categories
Arab News

‘Pandemic has changed everything’: Sheikh Khalifa

President Sheikh Khalifa also praised the UAE’s “exemplary” performance in facing the pandemic and its progressive handling of the plight…reports Asian Lite News

Addressing members of the Federal National Council, FNC, as he opened the second ordinary session of the 17th Legislative Chapter of the FNC today, President Sheikh Khalifa bin Zayed Al Nahyan acknowledged this year’s unique circumstances in light of the coronavirus pandemic saying, “You resume your work today in a time full of challenges and regional and international changes.”

President Sheikh Khalifa also praised the UAE’s “exemplary” performance in facing the pandemic and its progressive handling of the plight.

Sheikh Khalifa said that the pandemic has changed “everything” in the daily routine of people and nations, as well as the priorities of governments all around the world.

Following is the speech in full: “My brothers and sisters, FNC members, Today, you will resume the work of your council in a phase full of challenges and regional and international changes.

Since last February, we, along with the rest of the world, have been dealing with the challenges and implications posed by the coronavirus pandemic. The pandemic has changed everything in the daily routine of people and nations, as well as the priorities of governments worldwide, bringing the world’s economy to a near standstill.

In this regard, the UAE’s performance in the face of this plight has been exemplary in terms of its level of progress and magnitude. This performance was enhanced and boosted by our will to continue to give. The country has provided medical and relief aid to more than 100 countries worldwide. It was also strengthened when the country moved forward with its peaceful nuclear programme by operating the Barakah Nuclear Energy Plant, and also with the it’s space programme with the launch of ‘Hope Probe’ to Mars.

Brothers and sisters, You know that the strategic importance of our region has made its security and stability synonymous with the rest of the world. We have to always adapt our policy to support the foundations of security and stability of our country and region, based on the adherence to the principles of international law, peaceful coexistence and resolving differences through dialogue. In this context, the Abrahamic Peace Accord came as a tributary of peace that supports the aspirations of the peoples of the region to achieve prosperity and progress.

Yes, our performance in facing the pandemic was exemplary and praised by the World Health Organisation, and gained the respect for the countries of the world. However, we must understand that the pandemic has not ended yet and we must continue our work to combat it. I urge all citizens and residents to renew their commitment to preventive measures, and to follow the recommendations of the relevant authorities.

The pandemic has opened up the potential for new developments and oppoortunities, and we have, accordingly, restructured the government to further enable it to keep pace with the changes, to hasten its decision-making, and to seize more opportunities.”

Also read:UAE, India discuss ways to further relations

Categories
Arab News

UAE, Curaçao ink air services deals

The Agreement was signed at the General Civil Aviation Authority’s office in Dubai by Saif Mohamed Al Suwaidi, on behalf of the United Arab Emirates Government, and Lody Embrechts, Ambassador of the Kingdom of the Netherlands to the United Arab Emirates…reports Asian Lite News

The United Arab Emirates and the Island of Curaçao, a constituent country of the Kingdom of the Netherlands, have signed an Air Services Agreement for the purpose of establishing and operating Air Services between and beyond their respective territories.

The Agreement was signed at the General Civil Aviation Authority’s office in Dubai by Saif Mohamed Al Suwaidi, on behalf of the United Arab Emirates Government, and Lody Embrechts, Ambassador of the Kingdom of the Netherlands to the United Arab Emirates.

This comes as part of the continued efforts of the General Civil Aviation Authority to extend the air transport relations network of the United Arab Emirates in the Caribbean region. Over the past five years, the GCAA has signed Air Services Agreements with Jamaica, the Commonwealth of the Bahamas, Antigua and Barbuda, Republic of Haiti and Saint Lucia.

Also read:UAE, India discuss ways to further relations

Categories
-Top News Arab News

Sheikh Mohammed pardons 472 prisoners ahead of National Day

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai on Thursday ordered the release of 472 prisoners of Dubai’s punitive and correctional institutions on the occasion of the UAE’s 49th National Day.

Dubai Attorney General Issam Al Humaidan said that Sheikh Mohammed’s decision to pardon prisoners on national occasions reflects his keenness to offer the pardoned inmates a chance to reintegrate into society.

Al Humaidan added that the Dubai Public Prosecution has started coordinating with Dubai Police to implement the order.

Also Read: UAE, India discuss ways to further relations

Also Read: UAE, India discuss ways to further relations

Categories
-Top News Arab News

UAE, India discuss ways to further relations

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at Al Shati Palace in Abu Dhabi Dr. Subrahmanyam Jaishankar, Indian Minister of External Affairs.

His Highness Sheikh Mohamed bin Zayed discussed with the Indian Minister strategic and friendship relations between the two countries and ways of furthering bilateral cooperation and partnerships, particularly in political, investment and economic fields.

The meeting also touched on the latest developments regarding the COVID-19 pandemic, and the importance of the two countries’ cooperation in the fields of pandemic containment, prevention and control of its spread.

The two sides also exchanged views on regional and international issues of mutual interest.

Jaishankar conveyed to Sheikh Mohamed greetings of Indian Prime Minister Narendra Modi and his wishes of further progress and prosperity to the UAE.

Sheikh Mohamed reciprocated greetings to the Indian Prime Minister and his best wishes to the people of India. He noted that the relations between the two countries have witnessed remarkable growth, thanks to the keenness of the leaderships of the two nations.

The meeting was attended by Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi Executive Affairs Authority, EAA, Mohammed Mubarak Al Mazrouei, Under-secretary of the Abu Dhabi Crown Prince’s Court and members of the delegation accompanying the Indian Minister of External Affairs.

Also Read: India’s IT spending to touch $81.9 Bn next year

Also Read: Nifty’s historic performance a booster dose for India Inc

Categories
-Top News Arab News

Asian Lite Daily Digital – November 26, 2020 – Smart Dubai celebrates 5th Anniversary

Smart Dubai celebrates 5th Anniversary; UAE Highlights Urgency of Post-Pandemic Green Recovery; ‘America Is Back’: Biden Unveils Foreign Policy Team – all in Asian Lite Daily Digital Dubai – please click here to read.

Categories
-Top News Arab News

UAE implements major corporate law rejig

President Sheikh Khalifa bin Zayed Al Nahyan has issued a decree overhauling foreign ownership rules of commercial companies, as part of the government’s ongoing efforts to ensure a conducive legislative environment and open up economy to all nationalities.

The decree, which introduces significant amendments to the UAE Federal Law No. 2 of 2015 on Commercial Companies, annuls the requirement for commercial companies to have a major Emirati shareholder or agent, providing full foreign ownership of onshore companies. Under the new amendments, businesses can now be fully established by non-Emiratis of all nationalities, with companies now having a maximum of one year to comply with the amended law from the time its articles become effective. This can be extended under a decision by the cabinet as proposed by the Minister of Economy.

The decree, in addition, supersedes the UAE Federal Law No. 19 of 2018 on Foreign Direct Investment (FDI Law). It also includes certain provisions and regulations related to limited liability and joint stock companies aimed at attracting foreign capital and further boosting the local economy.

The new law grants relevant local authorities a set of powers, including setting a specific percentage of Emiratis in the capital allocation and boards of directors of companies, approving requests to establish companies -except for joint stock companies- and identifying fees & charges according to the policies adopted by the UAE Cabinet.

Significant changes include that firms wishing to become joint stock companies can, after the approval of relevant authorities, sell no more than 70 pct of the company, instead of the current 30 pct, through IPOs.

Abu Dhabi Stock Exchange

The decree authorizes the cabinet to set up a committee that includes representatives of the relevant authorities with a view to proposing activities of “strategic impact” and the measures required to licence companies that operate in such areas. Upon the recommendation of the committee, the Cabinet will stipulate what activities shall be considered of strategic impact and the required measures for licensing such companies.

Electronic voting at general assembly meetings are now permitted under the new amendments.

The decree empowers the Securities and Commodities Authority to establish the controls and procedures required for evaluating in-kind shares and the names of stakeholders attending the general assembly meetings of companies. It also allows the appointment of board members who have the expertise and are not stakeholders, without stipulating a specific percentage, as well as the dismissal of a chairman or any other board members if a judicial judgement is issued against them for committing fraud or misuse of power.

The law enables stakeholders to sue a company in civil court over any failure of duty that results in damages.

Concerning capital increases or decreases in public companies, the decree enables the company to approve its capital increase through issuing bonds and converting them into shares.

It is also reflective of the UAE’s forward-looking vision to open up its economy by creating a favourable legislative environment that will keep pace with the changes taking place across global economy and supporting companies operating in the country.

Also Read: UAE, UK join hands to boost trade ties

Also Read: Israel ratifies visa exemption deal with UAE

Categories
-Top News Arab News Asia News

Israel PM to visit Bahrain

“We are both excited to bring the fruits of peace to our people and countries in such a short time. That’s why he (Al-Khalifa) invited me to come soon for a formal visit in Bahrain and I will do this happily,” Netanyahu said in a statement about a phone call he held with the crown prince…reports Asian Lite News

Israeli Prime Minister Benjamin Netanyahu said on Tuesday he would visit Bahrain “soon” at the invitation of the Gulf state’s Crown Prince Salman Al-Khalifa. Arab News reports

Bahrain followed the United Arab Emirates in normalizing ties with Israel in a deal brokered by the United States that marked a strategic Middle East alignment against Iran. The shift has enraged the Palestinians who have demanded statehood before any such regional rapprochement.

“We are both excited to bring the fruits of peace to our people and countries in such a short time. That’s why he (Al-Khalifa) invited me to come soon for a formal visit in Bahrain and I will do this happily,” Netanyahu said in a statement about a phone call he held with the crown prince.

A first Bahraini delegation visited Israel last Wednesday.

Meantime, Israel and Bahrain have agreed to open embassies, the Foreign Ministers of the two countries said in a joint press conference.

At the briefing on Wednesday, Bahraini Foreign Minister Abdullatif Al-Zayani, the first Minister from a Gulf country to make an official visit to Israel, said his Israeli counterpart Gabi Ashkenazi will visit Manama in December, reports Xinhua news agency.

“I was pleased to convey to minister Ashkenazi the Kingdom of Bahrain’s formal request to open an embassy in Israel and to inform him that Israel’s reciprocal request for an embassy in Manama has been approved,” Al-Zayani said.

He also expressed his hopes for the process to “move forward relatively quickly”.

Meanwhile, Ashkenazi said he hoped that the new Israeli embassy will be inaugurated during his visit in December.Together with the US and Bahraini teams, Al-Zayani arrived at the Ben Gurion Airport outside Tel Aviv on Wednesday morning, as the first Bahraini government official to visit Israel.

Al-Zayani is also scheduled to meet Israeli President Reuven Rivlin and Prime Minister Benjamin Netanyahu, in addition to a trilateral meeting with Netanyahu and US Secretary of State Mike Pompeo, who arrived in Israel as part of his 10-day trip to the Middle East.

A US-brokered agreement between Israel and Bahrain to normalize ties was first announced on September 11 before it was officially signed at the White House on September 15.

A similar deal was also signed between Israel and the United Arab Emirates

Also read:Israel army averts bomb attack in West Bank