Latest news with #H.E.
Web Release
2 days ago
- Business
- Web Release
High-Level Delegation from Senegal visits Alef Education Headquarters in Abu Dhabi to Discuss Collaboration in Digital Education
Alef Education, a UAE-based global leader in education technology, hosted a high-level delegation from the Republic of Senegal at its headquarters in Abu Dhabi, marking a significant step toward deepening collaboration, fostering knowledge exchange, and showcasing the company's leading projects and innovative solutions in the education sector. The visit builds on the momentum of the previous visit by H.E. Bassirou Diomaye Faye, President of Senegal, to Alef Education's headquarters. This milestone event set the stage for a robust bilateral partnership and reflected a shared commitment to reimagining the future of education through innovation and strategic cooperation. Dr. Aishah Al Yammahi, Strategic Advisor at Alef Education, said: 'This visit marks a significant step in advancing bilateral collaboration and unlocking new opportunities. Senegal's renewed trust in Alef Education, driven by its commitment to educational reform and innovation, is both humbling and inspiring. It motivates us to continue our mission of delivering meaningful, tech-enabled learning experiences that benefit not only today's students but future generations as well.' Delegation members expressed their appreciation for the visit, noting that it served as a platform to consolidate and expand areas of bilateral partnership. They emphasised the mutual dedication of both parties to advancing a future-ready, technology-driven education system that empowers learners and educators. The delegation was given a detailed presentation of Alef Education's portfolio of AI-powered innovative products and services, including smart assessment tools with precision analytics, adaptive learning systems tailored to individual student needs, and professional development programs designed to equip educators with digital-age competencies.
Mid East Info
3 days ago
- Business
- Mid East Info
High-Level Delegation from Senegal visits Alef Education Headquarters in Abu Dhabi to Discuss Collaboration in Digital Education
Abu Dhabi,May 2025: Alef Education, a UAE-based global leader in education technology, hosted a high-level delegation from the Republic of Senegal at its headquarters in Abu Dhabi, marking a significant step toward deepening collaboration, fostering knowledge exchange, and showcasing the company's leading projects and innovative solutions in the education sector. The visit builds on the momentum of the previous visit by H.E. Bassirou Diomaye Faye, President of Senegal, to Alef Education's headquarters. This milestone event set the stage for a robust bilateral partnership and reflected a shared commitment to reimagining the future of education through innovation and strategic cooperation. Dr. Aishah Al Yammahi, Strategic Advisor at Alef Education, said: 'This visit marks a significant step in advancing bilateral collaboration and unlocking new opportunities. Senegal's renewed trust in Alef Education, driven by its commitment to educational reform and innovation, is both humbling and inspiring. It motivates us to continue our mission of delivering meaningful, tech-enabled learning experiences that benefit not only today's students but future generations as well.' Delegation members expressed their appreciation for the visit, noting that it served as a platform to consolidate and expand areas of bilateral partnership. They emphasised the mutual dedication of both parties to advancing a future-ready, technology-driven education system that empowers learners and educators. The delegation was given a detailed presentation of Alef Education's portfolio of AI-powered innovative products and services, including smart assessment tools with precision analytics, adaptive learning systems tailored to individual student needs, and professional development programs designed to equip educators with digital-age competencies.
See - Sada Elbalad
5 days ago
- Business
- See - Sada Elbalad
Al Mashat participates in Egyptian-Swedish Business Forum
Basant Ahmed Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation, participated in the Egyptian-Swedish Business Forum, held at the General Authority for Investment. The forum was attended by H.E. Eng. Hassan El-Khatib, Minister of Investment and Foreign Trade; H.E. Mr. Benjamin Dosa, Sweden's Minister for Foreign Trade and International Development Cooperation; Mr. Dag Juhlin-Dannfelt, Ambassador of Sweden to Egypt; Ms. Maria Håkansson, CEO of the Swedish Development Finance Institution "Swedfund"; and a number of major Swedish companies investing in Egypt, including IKEA, Ericsson, and Electrolux, among others. During her speech, H.E. Dr. Rania Al-Mashat emphasized that the Egyptian-Swedish Business Forum represents a gathering that reflects the strength of the economic partnership between Egypt and Sweden, two nations that share a vision for progress driven by innovation, investment, and cooperation. H.E. noted that the first Egyptian-Swedish Business Forum contributed to enhancing dialogue, strengthening trade relations, and led to actionable insights on how to deepen cooperation. Among the key outcomes was a shared ambition to enhance financial mechanisms, support business expansion, and leverage expertise in technology and sustainability. The success of that forum laid the foundation for today's discussions, allowing for building upon mutual achievements. H.E. Dr. Al-Mashat affirmed that the presence of Swedish companies operating in Egypt plays a crucial role in driving innovation, creating job opportunities, and promoting industrial efficiency. This also reflects Egypt's centrality as a regional and international hub in trade and logistics, encompassing everything from infrastructure and digital solutions to financial tools that empower entrepreneurs and companies alike. H.E. Minister Al-Mashat pointed out that the forum represents an opportunity to further integrate Swedish expertise with Egyptian ambition, ensuring the continued achievement of shared goals. H.E. Dr. Al-Mashat highlighted the strong Egyptian-European relations, both at the country and European financial institution levels, which support sustainable development efforts in Egypt and empower the private sector. She mentioned that next June will witness the launch of the investment guarantee mechanism, which was announced during the Egyptian-EU Summit. This mechanism provides guarantees worth 1.8 billion Euros to attract private capital and mobilize impactful investments across vital sectors such as energy, infrastructure, digitalization, water, agriculture, and climate resilience. These guarantees will also play a pivotal role in mobilizing additional financing from European and international development banks, enhancing Egypt's investment landscape, and creating new opportunities for the private sector, including Swiss companies. H.E. Dr. Al-Mashat touched on the ambitious measures implemented by the government since March 2024 to enhance macroeconomic stability and improve the business environment, aimed at driving growth, employment, and solidifying the economy's resilience. This was reflected in the shift in the quality of economic growth, now based on non-petroleum manufacturing industries, as well as an increase in private sector investments compared to a contraction in public investments. H.E. Minister Al-Mashat also stressed the importance of fostering Foreign Direct Investment (FDI) from Swedish companies in Egypt, as well as strengthening technical support within the framework of the national platform for the "NWFE" program. She also highlighted Egypt's endeavors in the Carbon Border Adjustment Mechanism (CBAM) to boost the competitiveness of Egyptian exports while adapting to the green transition and reducing greenhouse gas emissions. H.E. Dr. Al-Mashat reiterated that the forum provides a unique opportunity to build lasting partnerships, explore untapped potential, and align economic visions for a better tomorrow. She confirmed the Ministry of Planning, Economic Development and International Cooperation commitment to maximizing the benefit from development cooperation mechanisms with the Swedish side to drive economic development. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
Mid East Info
6 days ago
- Business
- Mid East Info
Etihad Credit Insurance achieves AED 16.2 billion in insured turnover with a 15.7% growth in more than 100 countries across 17 strategic sectors
H.E. Abdulla Bin Touq Al Marri: Under the directives of its wise leadership, the UAE has adopted innovative strategies to enhance economic diversification, and Etihad Credit Insurance (ECI) plays a vital role in supporting this Etihad Credit Insurance's results reflect the success of our efforts to enhance the global competitiveness of local companies and consolidate the UAE's economic position regionally and globally We are keen to expand the scope of the company's credit guarantees to include a number of major deals in the infrastructure and energy sectors in African markets The company's gross exposure increased to AED 11 billion, exceeding its 2023 levels by 14.58% UAE, May, 2025: Etihad Credit Insurance (ECI), the UAE federal export credit company, has revealed a remarkable year of growth and strategic achievement in its 2024 Annual Report, with insured turnover reaching AED 16.2 billion – reflecting a 15.7% year-on-year increase and accounting for 2.85% of the UAE's total non-oil exports. This was announced during a media briefing led by H.E. Raja Al Mazrouei, Chief Executive Officer of ECI, and other senior officials from the company. These figures underscore ECI's deepened contribution to supporting and safeguarding UAE-based exporters and investors through strategic credit solutions in over 100 countries and 17 strategic sectors. In 2024, the UAE's non-oil foreign trade surged to AED 3 trillion, marking a 14.6 percent increase over the previous year. ECI's contribution plays a vital role in advancing the nation's goal of achieving AED 800 billion in the country's non-oil exports by the next decade, in line with 'We the UAE 2031' economic goals. Since its inception, the company has facilitated over AED 21 billion in cumulative export trade and investment, resulting in booked Gross Written Premium (GWP) of AED 447 million, reflecting strong portfolio growth and a high retention rate. H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of ECI Board of Directors, said: 'Guided by the unwavering support and directives of our wise leadership, the UAE has made remarkable strides in building a resilient, innovative, and knowledge-based economy. At the heart of this transformation is economic diversification, with non-oil industries, exports, re-exports, and non-oil foreign trade playing a central role in shaping our future aligned with the 'We the UAE 2031' vision. Today, non-oil sectors contribute 74.6% to the UAE's GDP—underscoring their growing role in shaping the country's economic future. Etihad Credit Insurance has significantly contributed to advancing this vision by fostering the expansion of UAE-based companies, enabling broader market access, and reinforcing key economic partnerships through targeted collaborations and tailored credit insurance solutions. By helping UAE businesses compete more effectively on the global stage, ECI plays a vital role in accelerating non-oil export growth and strengthening the country's standing as a leading, diversified economic powerhouse.' H.E. Bin Touq further noted that ECI has extended credit guarantees to cover several major infrastructure and energy deals in African markets, including Angola and Senegal, in line with the UAE's strategic efforts to foster sustainable global partnerships and drive inclusive economic development. 'In 2024, ECI provided targeted trade and investment insurance solutions to projects that advance clean energy, food security, critical infrastructure, and water sustainability. These efforts reflect our growing role in shaping a trade and export ecosystem that delivers long-term economic value while addressing urgent global challenges such as climate change and social equity,' H.E. elaborated. The report stated that the company has witnessed a gross exposure of AED 11 billion – a 14.58 percent increase over 2023. This growth was supported by a diverse portfolio, with over 60 percent of beneficiaries comprising small and medium-sized enterprises (SMEs). The report highlighted that ECI secured AA- international rating by Fitch for the sixth consecutive year, reflecting on the company's ability to mitigate potential risks and reiterate its strong presence in global markets. H.E. Raja Al Mazrouei, CEO of ECI, said: 'We are committed to supporting the UAE's accelerated drive toward economic resilience and long-term sustainability. By offering innovative credit solutions, streamlined access to financing, and forging high-impact strategic partnerships, we empower UAE exporters, particularly SMEs, to unlock new opportunities and scale globally with confidence in an increasingly competitive world. This is reflected in ECI's strong performance in 2024, which not only underscores its pivotal role in enabling the national export competitiveness but also its commitment to empowering businesses with the tools and confidence to expand into new global markets. A key milestone for us in 2024 was the launch of Xport Xponential, a comprehensive program designed to support UAE-based companies. This new strategic initiative aligns with our commitment to increasing ECI's contribution to the non-oil GDP by 7-fold by 2031.' H.E. Al Mazrouei also reaffirmed ECI's dedication to clean and green energy initiatives in line with the UAE's sustainability commitments and United Nations Sustainable Development Goals (SDGs). 'The Africa Green Investment Initiative (AGII) led by the UAE and announced at the Africa Climate Summit, held in Nairobi in September 2023, is a multistakeholder partnership that employs an innovative approach to climate finance, combining the resources, expertise, and local knowledge of the following partners: Abu Dhabi Fund for Development; Masdar; AMEA Power; Africa 50; and Etihad Credit Insurance. AGII aims to deploy $4.5 billion in African renewable energy capacity by the end of the decade. This initiative represents one of the most comprehensive efforts to drive climate action and decarbonization in emerging economies and least developed countries to date and builds on the UAE's long-standing commitment to international cooperation and sustainable socio-economic development'. Furthermore, the report revealed that ECI offers coverage of up to AED 500 million per risk, with 60 percent of that amount ceded under a quota-share arrangement. This structure is backed by nine reinsurers rated 'A' and above, reaffirming ECI's robust reinsurance treaty. The report also highlighted ECI's commitment to supporting clients beyond credit insurance. This commitment was demonstrated by the company's effective handling of overdue payments, which resulted in the collection of AED 158 million from overdue payments, achieving collection success rate of 77 percent. With this, the total debt collected by ECI since its inception has risen to AED 528 million, an 87 per cent recovery success rate. The report further detailed the composition of ECI's portfolio, noting that 70 percent of its exposure lies in Short-Term Credit Insurance (ST), which supports high-frequency trade cycles, particularly in manufacturing, ICT, and agri-exports. Medium and Long-Term (MLT) commitments account for 17 percent of the portfolio, highlighting ECI's growing involvement in infrastructure, energy, and other capital-intensive sectors. The remaining 13 percent is dedicated to Political Risk Insurance (PRI). In terms of geographic distribution, the report identified Saudi Arabia as ECI's largest export market within the Gulf and wider MENA region, accounting for 7 per cent of the company's total exposure. ECI also provided notable coverage for exports to Egypt, Oman, Qatar, and Bahrain, highlighting the strength of intra-regional trade. Beyond the Middle East, ECI supported significant trade flows to leading Asian economies such as India and Singapore, while also facilitating UAE exports to Europe – including the UK and EU – and America. Furthermore, ECI signed around 28 agreements with government export credit agencies worldwide, including US EXIM, Korea Eximbank, Sinosure, BPI France, solidifying ECI's position as a trusted partner for international trade. Finally, the report also outlined ECI's plans to leverage the UAE's Comprehensive Economic Partnership Agreements (CEPAs) to further enhance trade and strengthen commercial relations. These efforts will be supported by ECI's expanding information database, which grants access to over 400 million corporates globally, empowering UAE-based exporters with valuable insights and intelligence.
ILoveQatar.net
23-05-2025
- Sport
- ILoveQatar.net
Prize money worth over USD 36.5 million announced for FIFA Arab Cup Qatar 2025™
The Local Organising Committee (LOC) of the FIFA Arab Cup Qatar 2025 has announced that the tournament prize fund will amount to more than USD 36.5 million (QR 132.9m), in what marks a new benchmark and places the FIFA Arab Cup clearly alongside the most prestigious international football tournaments globally. H.E. Sheikh Hamad bin Khalifa bin Ahmed Al Thani, Minister of Sports and Youth and LOC Chairman, said: 'This announcement further elevates the stature of the FIFA Arab Cup – a tournament we brought back to life in 2021 – and reflects Qatar's leading role in the development of football across the region, continent and around the world. It demonstrates our unwavering commitment to football and the positive values it promotes – unity, opportunity, and pride. This tournament is a celebration of Arab football, a platform for regional solidarity, and an inspiration for young talent across generations.' H.E. added: 'The FIFA Arab Cup forms a vital part of the legacy of the FIFA World Cup, which was by the testimony of many far and wide the most successful edition of the tournament. Hosting world-class tournaments like the Arab Cup and the upcoming U-17 World Cup helps us build on that momentum, reinforcing Qatar's position as a premier global sporting destination and leaving a meaningful legacy that benefits our communities and the broader region.' Scheduled to run from 1 to 18 December 2025, the FIFA Arab Cup Qatar 2025 will once again culminate on Qatar National Day, offering a festive conclusion to a tournament that showcases Arab football at its finest. The tournament's Final Draw will take place on 25 May 2025 in Doha. Following the success of the 2021 edition, which drew strong regional interest in Qatar's state-of-the-art vibrant stadiums, the 2025 tournament is expected to deliver even greater excitement, with fans from across the Arab world coming together to celebrate their culture and passion for football. Qatar's continued role as a host of major global football tournaments reflects the country's strategic investment in sport as part of its long-term national vision and development plan. From the landmark FIFA World Cup 2022 to the AFC Asian Cup 2023, the AFC U-23 Asian Cup 2024, and recent international club competitions like the FIFA Intercontinental Cup, Qatar has consistently delivered successful, world-class events.
