Prime Minister Mohammed Shiaa al-Sudani chaired the periodic meeting of the Supreme Committee for Investment and Reconstruction.
Source: National Iraqi News Agency
Turan: The session to elect Kirkuk governor and provincial council chairman is illegal
The presidency of the United Iraqi Turkmen Front list described the session to elect the governor and the head of the council as a violation and illegal.
Hassan Turan, head of the United Iraqi Turkmen Front list, head of the Iraqi Turkmen Front, said in a press conference that the session was held in Baghdad without agreement between the components.
He added the session to elect the governor and the head of the council is considered a violation of the law, noting that the session was not held with the knowledge or invitation of the oldest head of the provincial council, which confirms its violation of Article Seven of the Provincial Councils Law No. (21) Of 2008, so we consider the outcomes of the session to be a violation of the law and we will resort to the judiciary to invalidate its outcomes.
Source: National Iraqi News Agency
Alba, INJAZ Bahrain unite to empower future leaders
Manama, Aluminium Bahrain (Alba) has joined forces with INJAZ Bahrain to empower the next generation of Bahraini leaders. Over 100 university students participating in Alba’s summer internship programme took part in two intensive training workshops — featuring INJAZ Bahrain’s Innovation Camp and Job Shadow programmes — which were held on August 6-7 at Alba’s Oasis Hall.
Ali Al Baqali, Alba CEO, attended part of the workshop activities, and emphasised the importance of continuous learning, inspiring students to make the most of their educational journey.
Al Baqali also lauded INJAZ Bahrain’s vital role in developing and empowering Bahraini youth under the exceptional leadership of Her Highness Shaikha Hessa bint Khalifa Al Khalifa, Chairperson of INJAZ Bahrain.
“Such collaboration underscores Alba and INJAZ Bahrain’s shared commitment to empowering young Bahrainis with creativity and interpersonal skills necessary for success in today’s dynamic market.”
Source : Bahrain News Agency
Alba, INJAZ Bahrain unite to empower future leaders
Manama, Aluminium Bahrain (Alba) has joined forces with INJAZ Bahrain to empower the next generation of Bahraini leaders. Over 100 university students participating in Alba’s summer internship programme took part in two intensive training workshops — featuring INJAZ Bahrain’s Innovation Camp and Job Shadow programmes — which were held on August 6-7 at Alba’s Oasis Hall.
Ali Al Baqali, Alba CEO, attended part of the workshop activities, and emphasised the importance of continuous learning, inspiring students to make the most of their educational journey.
Al Baqali also lauded INJAZ Bahrain’s vital role in developing and empowering Bahraini youth under the exceptional leadership of Her Highness Shaikha Hessa bint Khalifa Al Khalifa, Chairperson of INJAZ Bahrain.
“Such collaboration underscores Alba and INJAZ Bahrain’s shared commitment to empowering young Bahrainis with creativity and interpersonal skills necessary for success in today’s dynamic market.”
Source : Bahrain News Agency
Al-Sudani affirms the government’s support for the work of the IMN and its tasks in enhancing professionalism in the Iraqi media environment in accordance with the democratic and constitutional path
Prime Minister, Mohammed Shiaa Al-Sudani affirmed the government’s support for the work of the Iraqi Media Network and its tasks in enhancing professionalism in the Iraqi media environment according to the democratic and constitutional path and supporting it with all media efforts to provide information and preserve Iraqi moral and social values and constants.
A statement from his media office said that Prime Minister Mohammed Shiaa Al-Sudani received today, Sunday, the head of the Iraqi Media Network, Karim Hammadi.
During the meeting, Al-Sudani listened to a briefing on the reality of the network’s work, the most important challenges facing national media work, and the paths in which the network’s channels and windows play their role in providing an objective and fair media service to the Iraqi citizen, and reflecting the true picture of the overall performance of government agencies in various fields.
The Prime Minister affirmed providing support to the Iraqi Media Network to host the fourth session of
the Arab Media Conference, scheduled to be held in the capital, Baghdad, next April, under the auspices of the Arab States Broadcasting Union affiliated with the League of Arab States.
Source: National Iraqi News Agency
Foreign Direct Investment in Saudi Arabia rises to $215 Billion
Riyadh, Khalid Al Falih, Saudi Minister of Investment, said that the pro-investment measures introduced by Saudi Arabia in recent years include the introduction of the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law and Special Economic Zones.
These reforms have helped drive rapid investment growth, with gross fixed capital formation increasing by 74% from 2017 to nearly $300 billion in 2023. Additionally, FDI stock increased by 61% from 2017 to 2023, reaching almost $215 billion in 2023, and FDI inflows have surged by 158%, jumping from $7.5 billion in 2017 to $19.3 billion in 2023. These initiatives and developments, in addition to incentives, facilities, and enablers, have motivated investors to seek a positive, supportive, and stable investment environment, the Saudi Press Agency (SPA) reported.
The minister added “The law reaffirms Saudi Arabia’s commitment to creating a welcoming and secure environment for investors, driving economic growth, and enhancing the Ki
ngdom’s position as a premier global investment destination.”
The policy direction outlined in Vision 2030 allows investors to invest with certainty and to grow with confidence at a time when many other markets are experiencing considerable volatility.
The updated investment law builds on an extensive diversification agenda from an enhanced quality of life offering to investment specific measures such as the establishment of special economic zones.
Developed by the Ministry of Investment of Saudi Arabia (MISA), the updated law follows an extensive consultation process for investors and in line with global best practices.
The law is also compatible with the Gulf Cooperation Council (GCC), World Trade Organization (WTO) and other bilateral investment treaties and international obligations.
The executive regulations will come into effect beginning in 2025.
Source : Bahrain News Agency
Foreign Direct Investment in Saudi Arabia rises to $215 Billion
Riyadh, Khalid Al Falih, Saudi Minister of Investment, said that the pro-investment measures introduced by Saudi Arabia in recent years include the introduction of the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law and Special Economic Zones.
These reforms have helped drive rapid investment growth, with gross fixed capital formation increasing by 74% from 2017 to nearly $300 billion in 2023. Additionally, FDI stock increased by 61% from 2017 to 2023, reaching almost $215 billion in 2023, and FDI inflows have surged by 158%, jumping from $7.5 billion in 2017 to $19.3 billion in 2023. These initiatives and developments, in addition to incentives, facilities, and enablers, have motivated investors to seek a positive, supportive, and stable investment environment, the Saudi Press Agency (SPA) reported.
The minister added “The law reaffirms Saudi Arabia’s commitment to creating a welcoming and secure environment for investors, driving economic growth, and enhancing the Ki
ngdom’s position as a premier global investment destination.”
The policy direction outlined in Vision 2030 allows investors to invest with certainty and to grow with confidence at a time when many other markets are experiencing considerable volatility.
The updated investment law builds on an extensive diversification agenda from an enhanced quality of life offering to investment specific measures such as the establishment of special economic zones.
Developed by the Ministry of Investment of Saudi Arabia (MISA), the updated law follows an extensive consultation process for investors and in line with global best practices.
The law is also compatible with the Gulf Cooperation Council (GCC), World Trade Organization (WTO) and other bilateral investment treaties and international obligations.
The executive regulations will come into effect beginning in 2025.
Source : Bahrain News Agency
Head of the Patriotic Union of Kurdistan: We will work for the benefit of all parties in Kirkuk without discrimination
Head of the Patriotic Union of Kurdistan, Pavel Talabani, announced: “The Patriotic Union will follow the policy of President Mam Jalal and work for the benefit of all parties in Kirkuk without discrimination.”
Talabani confirmed in his first statement after the election of Rebwar Taha from the Patriotic Union as governor of Kirkuk: “The Patriotic Union follows the policy of President Mam Jalal in Kirkuk, and works for the benefit of all components before working for the Kurds.”
He added: “We must reconcile with Kirkuk and make it a model of coexistence and stability, and we hope that after years of disagreements, Kirkuk will be an example to be followed by everyone.”
Source: National Iraqi News Agency
South Korea’s memory chip exports to Taiwan
Seoul, South Korea’s memory chip exports to Taiwan surged over 225 percent in the first half from a year earlier on robust demand for high-performance high bandwidth memory products sparked by the fast growth of the global artificial intelligence (AI) market, data showed Sunday.
Outbound shipments of memory chips to Taiwan reached US$4.26 billion in the first six months of this year, up 225.7% from a year ago, far outperforming the country’s overall increase of memory chip exports at 88.7%, according to data compiled by the industry ministry and the Korea International Trade Association.
Taiwan was the third-largest importer of South Korean memory chips in the period, up two notches to outstrip Vietnam and the United States, according to Yonhap News Agency.
SK hynix is the only South Korean company currently supplying HBM products, a core component of AI accelerators, to Nvidia.
Source : Bahrain News Agency
South Korea’s memory chip exports to Taiwan
Seoul, South Korea’s memory chip exports to Taiwan surged over 225 percent in the first half from a year earlier on robust demand for high-performance high bandwidth memory products sparked by the fast growth of the global artificial intelligence (AI) market, data showed Sunday.
Outbound shipments of memory chips to Taiwan reached US$4.26 billion in the first six months of this year, up 225.7% from a year ago, far outperforming the country’s overall increase of memory chip exports at 88.7%, according to data compiled by the industry ministry and the Korea International Trade Association.
Taiwan was the third-largest importer of South Korean memory chips in the period, up two notches to outstrip Vietnam and the United States, according to Yonhap News Agency.
SK hynix is the only South Korean company currently supplying HBM products, a core component of AI accelerators, to Nvidia.
Source : Bahrain News Agency