UAE to host 40th GCC Summit in 2019

Agencies
December 10, 2018

Abu Dhabi, Dec 10: The 40th session of the GCC summit will be held in the UAE, according to a communique issued at the end of the 39th summit in Riyadh.

King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques and King of Saudi Arabia, chaired the 39th session of the council in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The Supreme Council of GCC States welcomed the UAE's hosting of next summit and issued the 'Riyadh Declaration', which included 72 items covering matters related to the Gulf countries, the region and the world.

GCC Secretary-General Dr. Abdullatif bin Rashid Al Zayani, delivered the final declaration, saying that the risks have threaten the security and stability of the region and the economic challenges it faces prove the importance of adhering to the blessed march of the GCC, enhancing collective action and mobilising the common energies to address these risks and challenges and meet the aspirations of the citizens of the GCC countries to achieve further gains of Gulf integration and the far-sighted vision of their leaders who established the Council in May 1981.

The Basic Law adopted by the Founders of the council states that the ultimate goal of the GCC is "to achieve coordination, integration and interdependence among the Member States in all fields in order to reach their unity and enhance bonds links, among its people in various fields."

Al-Zayani asserted the importance of bolstering ties among GCC countries and friendly nations, similar to the relationship between the US and GCC. He noted that discussions in the summit focused on such relations and views that would call for optimism based on the agreement in its general perspective.

Al-Zayani pointed out that one of the most highlighted issues during the meeting of leaders were similar to the adoption of laws and strategies to ensure a greater acceleration of the Gulf joint action in terms of economic, political and security, in line with the changes in the regional and rapid changes in the international arenas.

The Secretary-General noted on the keenness of GCC leaders and contribute to the development and prosperity of their countries and the well-being of their peoples.

Supporting the right of the UAE to regain sovereignty over its three islands: the Greater and the Lesser Tunbs and Abu Musa, and over the territorial waters, the airspace, the continental shelf, and the economic zone of the three islands, as they are an integral part of the UAE.

The Council expressed disappointment that the repeated contacts with the Islamic Republic of Iran have not yielded any positive outcomes that would actively contribute to the resolution of the issue, and lead to the security and stability of the region. "The Council will continuing to look into all peaceful means that would lead to the restoration of UAE's right on the three islands," according to the declaration, which also urged Iran to respond to the efforts of the UAE and the international community in solving the issue by peaceful means or taking recourse to the International Court of Justice.

The summit welcomed the announcement by the UAE and Saudi Arabia to set up a coordination council and to adopt a strategy for economic, development and military integration. The GCC leaders reaffirmed keenness on maintaining the unity of member countries and noted their Gulf bloc realised many achievements that contributed to regional security, stability, economic and social prosperity.

They said challenges required further efforts to achieve integration at economic, social, political, security and military levels, said the declaration. They also called for completing programmes and projects needed to honour Saudi King Salman bin Abdulaziz's integration vision to ultimately boost the regional and international role of the GCC.

They called for addressing all obstacles to achieve economic integration by 2025 and to complete the requirement for the creation of the common market and customs union.

The GCC leaders appointed a commander for the joint military command to advance towards completion of the joint defence system, while underlining the importance of the bloc's role in addressing extreme ideologies through the promotion of moderation, tolerance, human rights, rule of law and Islamic Sharia.

They called for joining hands with partners within the international community to eliminate terrorism and drying its financing resources. The leaders also called for forming a "single and effective" foreign policy to be based on the statute, noted the declaration. They reiterated support for the Palestinian cause and the Yemeni people.

GCC leaders also discussed a number of issues related to the final declaration and to Arab and Islamic dossiers. They also extended thanks and appreciation to the Custodian of the Two Holy Mosques and Chairman of the Summit, Saudi wise leadership, and people for hosting the meeting.

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News Network
May 17,2020

New Delhi, May 17: Spelling out the government’s fourth tranche of initiatives towards achieving Prime Minister Narendra Modi’s vision of ‘Atmanirbhar Bharat’, Union Finance Minister Nirmala Sitharaman on Saturday announced significant structural reforms in eight sectors of the economy — coal, minerals, defense production, aviation, power distribution in Union territories, space and atomic energy.

Addressing her fourth and the second-last press conference, Sitharaman said crucial sectors such as coal production and exploration, defence production and space would see an increased participation from private entities.

Coal sector:

In the realm of coal exploration, the government has decided to liberalise the entry norms for private entities, which would mean that any interested party could bid for a coal block and sell it in the open market. The minister said that the government would do away with all the eligibility conditions at the time of bidding for a coal block, except requiring an “upfront payment with a ceiling.”

Nearly 50 coal blocks would be offered to private players immediately, revealed Sitharaman.

She further said that Rs 50,000 crore would be spent by Centre in creating ‘coal evacuation’ infrastructure, which would expedite the transport of mined product to the destination.

Defence sector:

In defence production, Sitharaman revealed that the government would raise the foreign direct investment (FDI) limit in the sector from current 49 per cent to 74 per cent. Further, the government would also work towards corporatising the ordnance factory boards. “Corporatising doesn’t amount to privatization,” added Sitharaman.

In a bid to boost indigenous production of defence products and gave an impetus to Make in India, Sitharaman said that the government was in a process of notifying a list of weapons/platforms for an import ban with year-wise timelines.

These decisions would also help in reducing huge import bills, the finance minister said.

Privatisation of electricity:

In another announcement that could have an effect on electricity charges in the union territories, Union Finance Minister Nirmala Sitharaman announced on Saturday that power departments and utilities in all the centrally administered territories would be privatised.

Sitharaman said that the proposed move would lead to better service to consumers and improvement in operational and financial efficiency in distribution.

The finance minister said that decision was guided by 'sub-optimal' utilisation of performance of power distribution and supply'.

She said that the move to that effect would provide a model for emulation by other utilities across the country, in what could be an indicator of what's in the pipeline for utilities in other states as well.

Sitharaman said that the privation reform was in line with the tariff policy reforms and would help in enhancing consumer rights, promote industry and improve the overall sustainability of the sector.

Space sector:

Sitharaman also announced the opening up of the space exploration sector for private players. Till date, the government-run Indian Space Research Organisation (ISRO) has held a monopoly on all activities concerning space exploration and satellite launches.

The Indian private sector will be a co-traveller in India's space sector journey, said Sitharaman, while announcing a series of structural reforms in eight crucial areas of the economy. The Union Finance Minister was addressing her fourth press conference in as many days, as a follow-up towards realising Prime Minister Narendra Modi's vision of 'atmanirbhar Bharat', which was spelled out in his video address on May 12.

Sitharaman said that the reforms in the space sector will provide a level-playing field for private companies in satellite launches and space-based services.

She said that the private sector would be allowed to use ISRO facilities and other assets to improve their capacities. Stating that the government would provide predictable policy and regulatory environment to private players, Sitharaman also disclosed that future projects for planetary exploration and outer space travel among others would be opened up for private entities.

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coastaldigest.com news network
June 29,2020

Dubai, Jun 29: Saeed bin Ahmed Al Lootah, a pioneering Emirati businessman and the founder of the world's first Islamic bank, is no more. He breathed his last on June 28.

Born in 1923, Saeed was instrumental in setting up the Dubai Islamic Bank (DIB) in 1975 to provide the community with a Sharia-compliant alternative to conventional banking.

He established several companies, organisations and societies, including the Dubai Consumer Cooperative. He also established the Islamic Education School in 1983 and the Dubai Medical College for Girls in 1986.

In 1992, Haj Saeed established the first College of Pharmacology in Dubai. Later he launched the Dubai Centre for Environmental Research, the Dubai Specialised Medical Centre, and the Medical Research Labs for health control and research into medicinal herbs and Islamic (Nabawi) medicine. He also set up an orphanage.

Saeed bin Ahmed Al Lootah was a self-made businessman who progressed from being a seafarer and trader to an accomplished tutor, author, economist, banker, entrepreneur, businessman and visionary community leader.

According to details available on the S.S. Lootah Group website, his "fervent adherence to the core values of education, cooperation and economy" helped empower "people to excel at everything they do".

"He realised the need to build permanent houses and ventured into construction. His 'capital' at that time were his skills, knowledge and hard work," the website said.

He laid the foundation of S.S.Lootah Contracting Company as a joint venture with his brother Sultan in 1956. "With the enduring values of education, cooperation and economy set as the foundations of his work, Haj Saeed started a number of businesses as well as not-for-profit education and research ventures, with an aim to serve the people of the UAE.

"Thanks to his vision and leadership, our home grown ventures continue to demonstrate unique values that extend well beyond its functional benefits - creating greater economic, social and environmental benefits for people in UAE and beyond."

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, took to Twitter on Sunday to offer his respects.

Sheikh Mohammed said: "He was a trader who started with nothing. His touch is visible in several aspects of the Dubai economy."

Calling the deceased a "wise and smart man", Sheikh Mohammed said: "May Allah bless his soul and grant his family the strength to endure and persevere."

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, also paid his respects. "He combined economic leadership with charitable work. He launched charitable educational institutions and sponsored many orphans. His memory will live on. May Allah have mercy on him and grant his family patience."

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News Network
January 24,2020

Beijing, Jan 24: As China stepped up measures to control the spread of coronavirus, locking down Wuhan and Huanggang cities in the Hubei province where several Indians live, the Indian Embassy here has set up hotlines for their assistance.

Chinese officials assured all assistance, including food supply, to the Indians who stayed put in the province, the Indian Embassy here said in a press release on Thursday.

Wuhan and its surrounding area became the epicentre of the coronavirus outbreak as the confirmed cases climbed to over 600 mostly from the city and the province with 17 deaths so far.

China has virtually sealed Wuhan and Huanggang cities, halting all public transport, including flight services, and advised people to stay at home and follow the precautions. The two cities put together have a population of over 17 million people.

Chinese officials said the measures have been taken to prevent the spread of the virus to other cities and the world.

Concerns arose for India too as about 700 Indian students, mostly studying medicine in different Chinese universities, resided in Wuhan and its neighbouring areas.

While many of them were believed to have left home for the Chinese New Year holidays, others remained in the city to complete their academic work. However, the exact number is not yet known.

“The Embassy of India has been receiving queries from Indians in Hubei province as well as their relatives in India in connection with the evolving situation of coronavirus infection in China,” the embassy press release said.

The embassy is in touch with relevant Chinese authorities in Beijing and Wuhan as well as Indians in Hubei Province, especially in Wuhan, it said.

“We are closely monitoring the evolving situation in China, including the advisories issued by the World Health Organisation (WHO),” the embassy said.

According to the embassy, Chinese authorities have assured all assistance to residents of Wuhan, including food supply.

“At present, it is reported that supermarkets (particularly those that are government-run) and e-commerce services, including food delivery, continue to remain operational in Wuhan,” it said.

The embassy has started two hotlines for those who wish to get in touch with the Mission in this regard in the following phone numbers:              +8618612083629 and +8618612083617.

“All are advised to also keep track of the embassy's social media accounts (Twitter:@EoIBeijing; Facebook: India in China) for updates on this evolving situation,” the release said.

Meanwhile, the Chinese Foreign ministry said all assistance would be provided to consular officials of the foreign missions to ensure the safety of the foreigners in the country.

Asked whether China would consider any request from the respective countries to move their citizens out of Wuhan, Chinese Foreign Ministry spokesman Geng Shuang said, “We always help foreign consular officials in China in their official jobs, we offer them all the assistance and convenience necessary and we work to guarantee foreign citizens' legitimate rights and interest in China.”

He said while specific detailed would be provided by local officials, China in principle, has always handled issues according to domestic laws, international laws and bilateral consular agreements.

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