DUBAI ONCE AGAIN RANKS FIRST WORLDWIDE IN ATTRACTING FOREIGN INVESTMENT

Crown Prince of the Emirate of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum, announced today that the Emirate leads the world rankings in terms of foreign direct investments in new companies, for the year 2022, according to “Russia Today” news agency….

Crown Prince of the Emirate of Dubai, Sheikh Hamdan bin Mohammed Al Maktoum, announced today that the Emirate leads the world rankings in terms of foreign direct investments in new companies, for the year 2022, according to "Russia Today" news agency.

The Crown Prince of Dubai wrote on 'Twitter': 'For the second year in a row, Dubai ranks first in the world in attracting foreign direct investment in new companies in the year 2022, with an annual growth of 89.5 percent, and an influx of foreign direct investment of 47 billion dirhams (about 12.8 billion dollars)."

Source: National News Agency - Lebanon

FINANCE MINISTRY: TOMORROW, MONDAY, IS THE LAST DAY TO BENEFIT FROM EXEMPTIONS FROM FINES ON TAXES, VIOLATIONS

In an issued statement on Sunday, the Ministry of Finance pointed out to all citizens and taxpayers that tomorrow, Monday, May 15, 2023, is the last day to benefit from exemptions from fines for taxes, fees, and violations amounting to 100% based on A…

In an issued statement on Sunday, the Ministry of Finance pointed out to all citizens and taxpayers that tomorrow, Monday, May 15, 2023, is the last day to benefit from exemptions from fines for taxes, fees, and violations amounting to 100% based on Article 20 of the Budget Law 2022.

The Ministry called on all those concerned who wish to benefit from these exemptions to head tomorrow to its centers in all governorates during official working hour, and also announced that it will extend the deadline for issuing receipts until twelve o'clock midnight on Monday, May 15th, in its main building at the Directorate of Imports and TVA in Adlieh - Corniche Al-Nahr.

The Ministry encouraged those concerned with tax on built property to access its website www.finance.gov.lb to find out the status of their files.

Source: National News Agency - Lebanon

FREM VISITS BUKHARI, RAHI

Chairman of the Executive Council of “Project Watan”, MP Neemat Frem, visited today Saudi Ambassador to Lebanon, Walid Al-Bukhari, in Yarzeh, and Maronite Patriarch, Cardinal Beshara Butros Al-Rahi, in BkirkiBoth visits came within the context of cons…

Chairman of the Executive Council of "Project Watan", MP Neemat Frem, visited today Saudi Ambassador to Lebanon, Walid Al-Bukhari, in Yarzeh, and Maronite Patriarch, Cardinal Beshara Butros Al-Rahi, in Bkirki

Both visits came within the context of consultations and deliberations over latest developments and challenges facing Lebanon and the Lebanese, and the dire need for a quick exit from the presidential vacuum tunnel.

Source: National News Agency - Lebanon

LAUNCHING OF FIRST GOLD INVESTMENT FUND IN EGYPT

The Financial Regulatory Authority approved the launch of the first fund to invest in gold in Egypt, a step that provides a new mechanism for investing in the precious metal in the country, which has recently witnessed a great demand for bullion and g…

The Financial Regulatory Authority approved the launch of the first fund to invest in gold in Egypt, a step that provides a new mechanism for investing in the precious metal in the country, which has recently witnessed a great demand for bullion and gold pounds as a safe haven from the depreciation of the pound, according to what was reported by 'Sky News' channel. Arabic".

Gold funds allow investing in the precious metal through the purchase of fund documents, which saves the cost of acquiring the metal itself, in addition to the possibility of buying in small amounts.

Source: National News Agency - Lebanon

MAHFOUD: WE WANT A FREE PRESIDENT WHO RESPECTS SOVEREIGNTY, PRESERVES INDEPENDENCE, RULES WITH JUSTICE

Head of the Change Movement, Attorney Elie Mahfoud, tweeted today: ‘We want a free president, and freedom sums up all characteristics. Whoever is free will inevitably master sovereignty, preserve independence, and rule with justice and liberty, unlike…

Head of the Change Movement, Attorney Elie Mahfoud, tweeted today: 'We want a free president, and freedom sums up all characteristics. Whoever is free will inevitably master sovereignty, preserve independence, and rule with justice and liberty, unlike slavery, dependence, and humiliation...A free president will not bow before a sultan, no matter the winds and temptations...Such a president will inevitably be a ruler, beginning with Lebanon first and foremost."

Source: National News Agency - Lebanon

IsDB Group Concludes Annual Meetings with 77 Agreements Worth $5.4 Billion

The Islamic Development Bank (IsDB) Group concluded on Saturday its annual meetings held under the auspices of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud from 10 to 13 May 2023 in Jeddah under the theme “Partnerships to Fen…

The Islamic Development Bank (IsDB) Group concluded on Saturday its annual meetings held under the auspices of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud from 10 to 13 May 2023 in Jeddah under the theme "Partnerships to Fend off Crises."

The four-day annual meetings witnessed the attendance of 4,452 participants from 90 countries, in addition to the participation of 89 international and regional partner organizations.

The meetings included launching several significant projects and signing financing agreements between 24 member countries worth $5.4 billion to address the severe challenges facing the countries of the south of the world.

The signed agreements cover the fields of healthcare, agriculture, food security, small and medium enterprises, education, and humanitarian support.

President of the Islamic Development Bank (IsDB) Group, Dr. Mohammed Sulaiman Al-Jasser said, "Over the past four days, we have discussed with the member states and partners a wide range of development issues and the future of the IsDB Group."

The IsDB meetings also launched seven significant projects. They signed several agreements that include financing six projects in sustainable development, with a value of more than $558 million, focusing on inclusive growth and developing infrastructure in the Bank's member states.

Regarding humanitarian aid provided within the framework of Afghanistan Humanitarian Trust Fund (AHTF), managed by the IsDB, the Group signed seven agreements for projects of sustainable development in Afghanistan with a value of $8 billion, including grants from King Salman Humanitarian Aid and Relief Center (KSrelief).

Source: Saudi Press Agency