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Arab Times
2 hours ago
- Business
- Arab Times
Kuwait Cabinet reviews outcomes of Amir's official visit to France
KUWAIT CITY, July 16: The Cabinet held its weekly meeting on Tuesday morning at Bayan Palace under the chairmanship of His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah. Following the session, Deputy Prime Minister and Minister of State for Cabinet Affairs Sherida Abdullah Al-Muasherji issued a statement detailing the key discussions and decisions. At the outset, the Cabinet was briefed on the results of the recent official visit of His Highness the Amir Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah to the French Republic on July 13 and 14. During the visit, His Highness held high-level talks with French President Emmanuel Macron. The discussions reaffirmed the strong and historic bilateral relations between Kuwait and France and focused on enhancing cooperation in all fields to serve mutual interests. The two leaders also exchanged views on regional and international developments. Among the key outcomes of the visit was the signing of two declarations of intent between the Government of Kuwait and the Government of the French Republic. The first agreement establishes a strategic investment partnership for the period 2025–2035, while the second aims to boost cultural cooperation and celebrate the 65th anniversary of diplomatic ties between the two nations in 2026. His Highness the Amir and the accompanying delegation also attended France's National Day Bastille Day military parade in Paris, alongside President Macron. During the visit, His Highness held meetings with the French Minister of Foreign Trade and French Citizens Abroad, Laurent Saint-Martin, and representatives from the French Chamber of Commerce. He emphasized Kuwait's commitment to fostering investment in key sectors, enhancing strategic collaboration with leading French firms, and encouraging the transfer of knowledge and capital to support Kuwait's economic growth and youth employment. Additionally, His Highness met with the CEO of Gustave Roussy Hospital, Professor Fabrice Barlesi, and International Advisor Rémi Thiolet. He stressed the significance of deepening health sector cooperation, enhancing medical capabilities, and achieving a transformative leap in Kuwait's healthcare system. His Highness praised the hospital's pioneering role in cancer research and treatment. The Cabinet was also informed of letters received from the Amiri Diwan addressed to His Highness the Amir from leaders of friendly and brotherly countries, expressing their desire to strengthen bilateral ties and promote joint cooperation across various fields. The Cabinet reviewed a presentation by Sheikh Ahmad Meshaal Al-Ahmad Al-Sabah, Chairman of the Government Performance Follow-up Agency, regarding the agency's 2024 annual report. The report covered six key areas, including government compliance with Cabinet Resolution No. 713 of 2024, ministerial decision follow-ups, progress of government projects, public opinion surveys, an analysis of the Audit Bureau's budget report for 2023–2024, and other agency assignments. The Council praised the diligent efforts of the Chairman and the agency's leadership in improving government performance. It directed all ministries and government bodies to address the observations and implement the recommendations outlined in the report, and to report back on actions taken. In another key agenda item, the Cabinet reviewed a briefing by Minister of Commerce and Industry Khalifa Abdullah Al-Ajeel Al-Askar on the launch of the second part of the third phase of the Capital Market System Development Program. The Minister highlighted the project's strategic importance in modernizing Kuwait's financial infrastructure. The program, a cornerstone initiative of the Capital Markets Authority, involves coordination among the Central Bank of Kuwait, Boursa Kuwait, Kuwait Clearing Company, settlement banks, brokerage firms, custodians, and portfolio managers. He noted that this long-term effort is vital for aligning with Kuwait's development goals and for elevating the country's status to that of an advanced emerging market. The Cabinet expressed its gratitude to all participating entities for their contributions to the successful rollout of this critical program. The Cabinet also reviewed a presentation by Minister of Information, Culture, and State for Youth Affairs Abdulrahman Badah Al-Mutairi on the Cultural Path Project in Kuwait City. The initiative aims to establish a cultural and tourism hub that reflects Kuwaiti identity, promotes national awareness, and preserves historical memory. The project envisions an integrated urban corridor connecting cultural landmarks using sustainable design principles, modern transportation methods, and eco-friendly infrastructure. The Minister emphasized the project's alignment with Kuwait Vision 2035 and its potential to position Kuwait as a vibrant cultural destination and investment magnet in the tourism sector. The Council referred the project to the Joint Ministerial Committee for Economic Affairs and Public Services for a comprehensive review and recommendation. In closing, the Cabinet reviewed and approved a number of agenda items and referred several topics to relevant ministerial committees for further study and action, in line with procedural requirements.
Mint
2 hours ago
- Business
- Mint
Microcap stock Raminfo jumps 5% on bagging ₹14 crore order from Tripura government
Raminfo share price surged 5% in intraday trade on Wednesday, July 16, touching the day's high of ₹ 105.45, even as the Indian stock market continued to trade in a range-bound manner. The rally followed the company's announcement that it had received a Letter of Intent (LoI) worth ₹ 14.14 crore from the Directorate of Information Technology, Government of Tripura. The order pertains to the development, deployment, implementation, and maintenance of the Services & Benefits Delivery Platform, 'UNNOTI,' under the Tripura Rural Economic Growth & Service Delivery Project (TRESP). According to the company's filing today, the project is to be completed within 16 months, followed by 26 months of maintenance support. The scope of work includes end-to-end development of a citizen-centric digital platform aimed at streamlining service delivery and improving benefit administration for the citizens of Tripura. The engagement also includes ongoing platform support and maintenance services post-deployment. 'This project reinforces Raminfo's leadership in the e-governance and citizen services space and strengthens our commitment to leveraging technology for inclusive growth and public service delivery,' the company said in Wednesday's regulatory filing. This marks the second major order for the company in less than a month. In mid-June, Raminfo secured a significant ₹ 474 crore order from Rajasthan Renewable Energy Corporation Limited (RRECL) through a consortium led by the company. That contract involves the design, supply, construction, testing, and commissioning of rooftop solar photovoltaic power projects with a total capacity of 73 MW across buildings owned by the Rajasthan state government. The order also includes comprehensive operations and maintenance for 25 years. To execute this project, the company has established a special purpose vehicle, Raminfo Green Energy, in which it holds a 51% stake. The rooftop solar industry in India is witnessing rapid growth, with total installed capacity reaching 13.7 GW by December 2024. Market estimates suggest the sector could reach a market value of USD 4.46 billion by 2033. Raminfo is a leading tech solutions company with over 30 years of experience in e-governance and a broad suite of services across fintech, healthcare, smart energy, IoT, analytics, and engineering. In the government space, Raminfo is known for its work in e-governance, smart lighting, telemedicine, agro-logistics, skill development, and education initiatives.
Mint
4 hours ago
- Business
- Mint
PM Modi may visit China for SCO summit next month — first visit since 2019: Report
Prime Minister Narendra Modi will likely visit China for the Shanghai Cooperation Organisation (SCO) summit next month, a report in the Economic Times said on July 16. This could be PM Modi's first visit to China after the two neighbouring countries' ties came under severe strain following the 2020 military standoff in Galwan along theLine of Actual Control(LAC) in eastern Ladakh. The visit will come in the wake of efforts by India and China to improve bilateral ties. A possible meeting between Prime Minister Modi and Chinese President Xi Jinping is especially anticipated during the summit. The two leaders met last during the BRICS summit in Russia in October 2024. There is no official word on the visit yet. Chinese Foreign Minister Wang Yi said on Tuesday that leaders from more than 20 countries and heads of 10 international organisations will attend the Tianjin Summit of the Shanghai Cooperation Organisation (SCO) and related events next month. The SCO Tianjin Summit will be held from August 31-September 1, Wang said during a joint press meeting with SCO Secretary-General Nurlan Yermekbayev here, state-run Xinhua news agency reported. Apart from Prime Minister Narendra Modi, Russian President Vladimir Putin and other leaders of the SCO member states are expected to attend the summit. External Affairs Minister S Jaishankar met Chinese president Xi Jinping on Tuesday as part of a delegation of foreign ministers attending the meeting of the SCO. Jaishankar's visit to China is expected to lay the groundwork for PM Modi's anticipated visit to Beijing for the SCO Leaders' Summit. "Apprised President Xi of the recent development of our bilateral ties," Jaishankar said in a post on X, accompanied by a picture of him shaking hands with Xi. Jaishankar arrived in China after concluding his visit to Singapore, his first trip to China in five years. On Monday, Jaishankar met with Chinese Foreign Minister Wang Yi in Beijing. The two leaders spoke about the need for a far-seeing approach to bilateral ties. Jaishankar told his Chinese counterpart Wang Yi that the neighbours have made 'good progress' over the last nine months in normalising relations, adding that it was key to avoid restrictive trade measures and roadblocks. Jaishankar said India and China should now consider de-escalating the situation along the LAC after making 'good progress' in normalising the bilateral ties in the past nine months, news agency PTI reported. Jaishankar also met with Chinese Vice President Han Zheng in Beijing on July 14. The 2020 Galwan Valley standoff between India and China was the worst border clash in over 40 years, resulting in the death of soldiers on both sides. The incident sharply escalated tensions and brought bilateral ties to a historic low. The decision to revive the SR dialogue and other dormant channels was reportedly taken during a brief exchange between PM Modi and President Xi Jinping on the sidelines of a summit in Kazan, Russia, in October last year. There have been a few glimmers of positive movement, most notably the resumption of the Kailash Mansarovar Yatra after nearly five years. PM Modi is also expected to be Japan in August-end where he will meet Prime Minister Shigeru Ishiba. PM Modi's visit to Japan would be his first since May 2023, when he attended the Group of Seven summit in Hiroshima, western Japan.
Mint
5 hours ago
- Business
- Mint
Microcap stock Raminfo jumps 5% on bagging ₹14 crore order from Tripura government
Raminfo share price surged 5% in intraday trade on Wednesday, July 16, touching the day's high of ₹ 105.45, even as the Indian stock market continued to trade in a range-bound manner. The rally followed the company's announcement that it had received a Letter of Intent (LoI) worth ₹ 14.14 crore from the Directorate of Information Technology, Government of Tripura. The order pertains to the development, deployment, implementation, and maintenance of the Services & Benefits Delivery Platform, 'UNNOTI,' under the Tripura Rural Economic Growth & Service Delivery Project (TRESP). According to the company's filing today, the project is to be completed within 16 months, followed by 26 months of maintenance support. The scope of work includes end-to-end development of a citizen-centric digital platform aimed at streamlining service delivery and improving benefit administration for the citizens of Tripura. The engagement also includes ongoing platform support and maintenance services post-deployment. 'This project reinforces Raminfo's leadership in the e-governance and citizen services space and strengthens our commitment to leveraging technology for inclusive growth and public service delivery,' the company said in Wednesday's regulatory filing. This marks the second major order for the company in less than a month. In mid-June, Raminfo secured a significant ₹ 474 crore order from Rajasthan Renewable Energy Corporation Limited (RRECL) through a consortium led by the company. That contract involves the design, supply, construction, testing, and commissioning of rooftop solar photovoltaic power projects with a total capacity of 73 MW across buildings owned by the Rajasthan state government. The order also includes comprehensive operations and maintenance for 25 years. To execute this project, the company has established a special purpose vehicle, Raminfo Green Energy, in which it holds a 51% stake. The rooftop solar industry in India is witnessing rapid growth, with total installed capacity reaching 13.7 GW by December 2024. Market estimates suggest the sector could reach a market value of USD 4.46 billion by 2033. Raminfo is a leading tech solutions company with over 30 years of experience in e-governance and a broad suite of services across fintech, healthcare, smart energy, IoT, analytics, and engineering. In the government space, Raminfo is known for its work in e-governance, smart lighting, telemedicine, agro-logistics, skill development, and education initiatives. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Indian Express
5 hours ago
- Indian Express
Telangana man from non-barber community gets police protection to run salon after HC steps in
The Telangana High Court on Tuesday ordered the police to investigate the attack on a local salon in Vikarabad town and provide protection to its owner, who allegedly faced stiff opposition from residents to run his business as he does not belong to the Mangali barber community. Feroz Khan, the salon owner of 'Prince Men's and Women's Parlour', faced threats on the very first day of opening his outlet on June 21 from a group of people who allegedly questioned his right to run the business despite not belonging to the 'Mangali' caste. The court also directed the police to send a patrol vehicle to the parlour every three hours during business hours for one month to prevent any disturbances. Khan told the court that though he had complained to the police against the ongoing threats from 'antisocial elements', the police failed to take adequate measures, thereby obstructing his fundamental right to carry on his profession under Article 19(1)(g) of the Constitution. During the court proceedings, the Government Pleader, representing the police department, acknowledged the incident and stated that police had initially visited the site on the day of the incident to disperse the mob. Subsequently, based on the petitioner's complaint, a First Information Report (FIR) was registered on July 14 against one Ramesh and others, and an investigation was initiated. Taking note of the submissions, a Bench of Justice T Vinod Kumar emphasised the need for a thorough investigation and instructed the police to take necessary action against those involved in the crime. Further, to ensure the petitioner can conduct his business without fear, the court mandated specific protective measures for one month. This includes maintaining a 'point book' at the salon for one month to make sure the police regularly check in. Rahul V Pisharody is an Assistant Editor with the Indian Express Online and has been reporting from Telangana on various issues since 2019. Besides a focused approach to big news developments, Rahul has a keen interest in stories about Hyderabad and its inhabitants and looks out for interesting features on the city's heritage, environment, history culture etc. His articles are straightforward and simple reads in sync with the context. Rahul started his career as a journalist in 2011 with The New Indian Express and worked in different roles at the Hyderabad bureau for over 8 years. As Deputy Metro Editor, he was in charge of the Hyderabad bureau of the newspaper and coordinated with the team of district correspondents, centres and internet desk for over three years. A native of Palakkad in Kerala, Rahul has a Master's degree in Communication (Print and New Media) from the University of Hyderabad and a Bachelor's degree in Business Management from PSG College of Arts and Science, Coimbatore. Long motorcycle rides and travel photography are among his other interests. ... Read More
