Author: News Desk

13th Multibillionaire Business Achiever (MBA) Award was presented to Dr Varghese Kurian, Group Chairman and Managing Director of VKL Holdings and Al Namal Group. In a grand ceremony held at the Meridian Hotel in Kochi on January 16, Industries Minister Shri. P. Rajeev and Shri V P Nandakumar, Managing Director and CEO of Manappuram Finance Limited presented the award. The baton for the award winner was handed over by Dr A V Anoop. Dr Ajit Ravi, graced the occasion. Principal Secretary M P Joseph IAS, Gokulam Gopalan, Sriram Bharat, Principal Commissioner, Ministry of Finance New Delhi, former awardees and industry leaders…

Bahrain ; A high-level Bahraini delegation will arrive to the Swiss city Davos tomorrow to participate in the annual World Economic Forum titled “Cooperation in a Fragmented World,” which will be held from the 16th until the 20th of January. The delegation, led by H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, will shed light on Bahrain’s unique investment opportunities to global decision makers in various business sectors, with the aim of attracting more investments to the Kingdom to contribute to further job creation and boosting the economy. The high-level delegation includes H.E. Abdulla bin Adel Fakhro, Minister of…

Ukraine : Ukrainian emergency crews on Monday sifted through what was left of a Dnipro apartment building destroyed by a Russian missile, placing bodies from one of the war’s deadliest single attacks in months in black bags and gingerly carrying them across steep piles of rubble. Authorities said the death toll from Saturday’s strike rose to 40 and that 30 people remained missing Monday. Tall cranes swung across the jagged gaps in a row of residential towers, the engines growling as residents of one of Ukraine’s largest cities watched largely in silence under a gray sky. About 1,700 people lived in the…

As delegates started to settle in to Davos 2023 for the start of the annual meeting of the World Economic Forum, the regular question about the future of globalisation re-emerged. There is no doubt that the forum is a product of a post-Second World War, western-led system that grew after the end of the Cold War. However, the impact of Covid-19, US-China competition and sanctions on Russia after the Ukraine war means that system is effectively over. Globalisation as it was at the start of the century is no longer relevant. The question that will be addressed this week is what the next system will…

Abu Dhabi :  The United Arab Emirates (UAE) has condemned the terrorist attack in the Hiran region, central Somalia, that resulted in the deaths of numerous people. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) said the UAE expresses its condemnation of these criminal acts and its permanent rejection of all forms of violence, extremism and terrorism aimed at undermining security and stability,. The ministry offered its sincere condolences and sympathy to the families of the victims.

Abu Dhabi :  The United Arab Emirates and the Republic of Korea have issued a joint statement at the end of President Yoon Suk Yeol’s visit to the UAE. The Korean leader visited the UAE on January 14-17 at the invitation of UAE President Shaikh Mohamed bin Zayed Al Nahyan. At their official talks, the two leaders agreed to deepen and further develop the Special Strategic Partnership between the two countries. In particular, the two leaders agreed to strengthen strategic cooperation in four key areas – Conventional energy and clean energy, peaceful nuclear energy, economy and investment, and defence and…

Pokharain :  A plane making a 27-minute flight to a Nepal tourist town crashed into a gorge Sunday while attempting to land at a newly opened airport, killing at least 68 of the 72 people aboard. At least one witness reported hearing cries for help from within the fiery wreck, the country’s deadliest airplane accident in three decades. Hours after dark, scores of onlookers crowded around the crash site near the airport in the resort town of Pokhara as rescue workers combed the wreckage on the edge of the cliff and in the ravine below. Officials suspended the search for…

Manama : His Majesty King Hamad bin Isa Al Khalifa today issued Royal Decree (5) of 2023, appointing a director-general at the Ministry of Education, based on the proposal of the Education Minister, and following the approval of the Cabinet. Under the decree, Suha Saleh Jassim Hamada was appointed Director-General for Schools’ Affairs at the Education Ministry. The Minister of Education shall implement the provisions of this decree, which takes immediate effect and will be published in the Official Gazette.

Manama :  His Majesty King Hamad bin Isa Al Khalifa today issued Royal Decree (4) of 2023, amending some provisions of Decree (69) of 2004 on restructuring the Ministry of Interior, based on the proposal of the Interior Minister, and following the approval of the Cabinet. Under the decree, a new item (N’18) was added to Paragraph (First) of Article (1) of Decree (69) of 2004 on re-structuring the Ministry of Interior, reading as follows: “19- The National Centre for Financial Investigation, which includes: The Chief Executive Officer (with the rank of Assistant Undersecretary), who oversees: a- The Directorate of…

Manama : The Bahrain Institute of Banking and Finance (BIBF), a leading training and development provider in the region, has recently received a delegation from Singapore’s Grow Digital Bank at its headquarters in Bahrain Bay, with the aim of exploring areas of mutual cooperation in digital transformation, banking, and financial services. During the visit, the delegation was briefed on the BIBF’s role in developing professional cadres in the banking and financial sector. They also learned about the academic degrees and training programmes the institute provides in business and technology, particularly in banking, finance, sustainable development, digital transformation, and financial technology. Director…