Daily Archives: December 28, 2016

Public Investment Fund denies buying stake in UAE Utico company

Public Investment Fund denies buying stake in UAE Utico company

Thursday 1438/3/30 – 2016/12/29

Riyadh, Rabi’I 30, 1438, December 29, 2016, SPA — The Saudi Public Investment Fund today denied media reports on its purchase of a stake in the company (Utico) of the UAE.
An official source at the fund stated that what was mentioned about the fund’s entering into a binding agreement with the company (Utico) has no basis in truth.
–SPA
01:52 LOCAL TIME 22:52 GMT

PPF concerned over detention of Al Jazeera journalist in Egypt

Pakistan Press Freedom (PPF), in a letter to President Abdel Fattah el-Sisi of Egypt, expressed concern over the arrest and detention of Al Jazeera journalists Mahmoud Hussein in Cairo on December 25.

PPF Secretary General Owais Aslam Ali urged the government of Egypt to properly investigate the case and bring specific charges against the Al Jazeera journalist, failing which, he must be released immediately.

According to the Arabic Network for Human Rights Information (ANHRI), Egyptian security forces arrested Mahmoud Hussein upon his return from Qatar last Tuesday and during a visit with his family in Egypt, adding that two of his brothers were also arrested. They were all then taken to unknown place.

The state security prosecution ruled to imprison Mahmoud Hussein for 15 days on charges of “disseminating false news and rumors about Egypt’s internal affairs and fabricating media reports,” ANHRI reported.

PPF urged the authorities in Egypt to review its record on press freedom and called on the President to ensure that the sanctity of press freedom remains intact.

Islamic Development Bank lends 5 million dollars to solar energy project in Jordan

Islamic Development Bank lends 5 million dollars to solar energy project in Jordan

Wednesday 1438/3/29 – 2016/12/28

Jeddah, 29 Rabi’I,1438 AH, 28 December,2016 , SPA — The Board of Executive Directors of Islamic Development Bank Group has approved an interest-free loan amounting to US 5 million to the solar energy project to generate electricity for the expansion of King Al-Hussein Cancer Center in Amman, Jordan for 20 years including a grace period up to five years.
The President of the Islamic Development Bank Group Dr. Bandar bin Mohammed Hajjar said in a statement on this occasion that the bank’s cooperation with the Center began since its inception in 1991, pointing out that the Bank is proud of the quality of medical services being provided by the Center for patients and it is committed to supporting the Center’s distinguished initiatives.
— SPA
16:03 LOCAL TIME 13:03 GMT

Minister of Energy, Industry and Mineral Resources meets Yemeni Minister of Electricity and Energy

Minister of Energy, Industry and Mineral Resources meets Yemeni Minister of Electricity and Energy

Wednesday 1438/3/29 – 2016/12/28

Riyadh, Rabi’I 29, 1438, December 28, 2016, SPA — The Minister of Energy, Industry and Mineral Resources Engineer Khalid bin Abdulaziz Al-Faleh met here today with Yemeni Minister of Electricity and Energy Engineer Abdullah Al-Akwa’ and his accompanying delegation.
During the meeting, they discussed ways for developing bilateral cooperation between the Kingdom and the Republic of Yemen, the mechanism for implementation of bilateral connection between the two electricity networks of the Kingdom and the Republic of Yemen, cooperation in the field of training, studies and consultations, and the prospect for cooperation in the field of renewable energy.
–SPA
16:02 LOCAL TIME 13:02 GMT

Education Minister congratulates Jazan Education Department on qualification of Student Hamed Abu Sharha for Sheikh Hamdan Award for Distinguished Academic Performance

Education Minister congratulates Jazan Education Department on qualification of Student Hamed Abu Sharha for Sheikh Hamdan Award for Distinguished Academic Performance

Wednesday 1438/3/29 – 2016/12/28

Jazan, 29 Rabi’I, 1438,December 28, 2016, SPA — The Minister of Education Dr. Ahmed Al-Isa has congratulated Jazan Education Department on the qualification of Student Hamed bin Abdo Abu Sharha of Moaz bin Jabal Secondary School in Jazan for Sheikh Hamdan bin Rashid Award for Distinguished Academic Performance.
The Director General of Education Department in Jazan region Isa bin Ahmed Al-Hakami commended the accomplishment of the student at the level of the Kingdom and his qualification for competing in Sheikh Hamdan bin Rashid Award for Distinguished Academic Performance.
— SPA
14:03 LOCAL TIME 11:03 GMT

Asian shares mixed

Asian shares mixed

Wednesday 1438/3/29 – 2016/12/28

TOKYO, 29 Rabi’I,1438 AH, 28 December,2016 , SPA — Shares meandered in quiet trading in Asia on Wednesday, AP reported.
Japan’s Nikkei 225 was flat at 19,401.72 and Australia’s S&P ASX 200 gained 1 percent to 5,685.00 and Hong Kong’s Hang Seng index 0.4 percent to 21,654.44 while the Shanghai Composite index fell 0.3 percent to 3,105.17. South Korea’s Kospi dropped 0.8 percent to 2,027.51. Shares in Southeast Asia were mostly higher.
— SPA
11:41 LOCAL TIME 08:41 GMT

Wall Street Closing

New York, 29 Rabi’I, 1438,December 28, 2016, SPA — U.S. stocks rose slightly Tuesday, opening the final trading week of 2016 on a positive note, with the Nasdaq index setting a closing record high.
The U.S. dollar was little changed versus other major currencies. Gold futures for February delivery rose $5.20 to $1,138.80 an ounce on the New York Mercantile Exchange.
West Texas Intermediate (WTI) crude futures rose 88 cents, or 1.7 percent, to $53.90 a barrel.
The Dow Jones industrial average was little changed, rising 11.23 to 19,945.04, again missing the key psychological level of 20,000. Twenty-one of the index’s 30 components rose, though none gained more than 0.6 percent. Nike lost 1.2 percent, leading nine declining stocks.
The broader Standard & Poor’s 500 index rose 5.09, or 0.2 percent, to 2,268.88. ercent.
–SPA
10:18 LOCAL TIME 07:18 GMT