Day: April 9, 2023

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Bahrain Bourse commences subscription for 31st Government Development Bond issue

Bahrain Bourse (BHB) announced that as of April 10, and according to the invitation announced by the Central Bank of Bahrain (CBB), Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 31 (BHD 100 million).

The bond has been issued by the CBB on behalf of the Government of Bahrain by executing their orders through registered brokers at Bahrain Bourse.

Investors will be able to trade the Bond on the secondary market at BHB once listed, which is expected to be on April 26.

The subscription will be open on Monday from 10:00 am until 1:00 pm and on Tuesday from 10:00 am until 11:00 am.

The minimum subscription size is 500 bond per subscriber.

Allocation will be on the basis of the first 10,000 of bonds for each subscriber and the remaining quantity will be allocated on a pro-rata basis.

The BHD 100 million Bond issued at a par value of BHD 1 each on April 13 2023 for a period of 3 years maturing on April 13 2026.

The annual fixed return on these securities is 6.00%, and will be paid bi-annually on October 13 and April 13 of every year throughout the period of this issue.

The Central Bank of Bahrain issued the Government Development Bond on behalf of the Government of Bahrain.

The Government of Bahrain directly guarantees the Bond securities.

Source: Bahrain News Agency (BNA)

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Iraqi Prime Minister, Sudanese Minister of Interior Discuss Strengthening Security Cooperation

Iraqi Prime Minister Mohammed Shia’ Al Sudani met Sunday with Sudanese Minister of Interior Lt. Gen. Anan Hamid Mohammed Omar, who is visiting Iraq.

During the meeting, they discussed bilateral relations between the two countries and ways to enhance them in the security field. Also, they reviewed exchanging experiences to curb drug trafficking and combat terrorism and improve the security capabilities of the police forces in both countries.

Earlier Sunday, Iraqi Minister of Interior Abdul Amir Al Shammari had discussed with his Sudanese counterpart strengthening the joint security effort in combating terrorism, especially in light of Iraq’s experiences in fighting ISIS.

Source: Qatar News Agency

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Algerian, Iranian Presidents Discuss Developments in Palestinian Territories

Algerian President Abdelmadjid Tebboune discussed Sunday, in a phone call, with Iranian President Ebrahim Raisi the latest developments in the occupied Palestinian territories and the ongoing aggression there, especially in the occupied West Bank and the blessed Al-Aqsa Mosque and the flagrant desecration and provocation it is exposed to by the Israeli occupation forces.

In a statement, the Algerian presidency stated that Tebboune and Raisi discussed bilateral relations between the two countries, and they agreed to strengthen them in the political and economic fields, in a way that serves the interests of the two peoples.

For his part, the Iranian President said, during the call, that Iran and Algeria have close and shared positions on regional and global issues, especially the question of Palestine and the rights of its oppressed people.

Source: Qatar News Agency

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QOC’s Employees Take Part in Ramadan Events

Qatar Olympic Committee’s employees participated in a walking and shooting competition for men and women in individual category (shotgun + air rifle). It was held within the activities of the Committee’s Ramadan championship 2023, which is being held and will be concluded on Monday at the Lusail Shooting Complex.

30 employees of QOC’s various departments took part in the family walk event for a one-kilometer distance in an atmosphere of social cohesion. At the end of the event, the organizing committee of the tournament distributed in-kind gifts and medals to children on the occasion of the Ramadan Garangao event.

In the men’s shooting individual (shotgun + air rifle), Mohammed Al Kuwari won the first place and Rashid Saeedan Al Rashdi was the runner-up, while Fahd Al Buraik finished in third place.

In the women’s category, Dana Al Obaidli won the first place, Nujood Al Hail finished second and Sarah Al Kubaisi took the third place.

Source: Qatar News Agency

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Vice Minister of Foreign Affairs Receives Ambassador of Russian Federation to Saudi Arabia

The Vice Minister of Foreign Affairs, Eng. Waleed bin Abdulkarim El-Khereiji, received the Ambassador of the Russian Federation to the Kingdom of Saudi Arabia, Sergey Kozlov, today.

They reviewed the bilateral relations between the two countries and discussed ways to enhance them in order to serve common interests. Additionally, they discussed regional and international developments of common concern.

Source: Saudi Press Agency

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General Presidency for Two Holy Mosques Affairs Provides Braille Holy Quran for the Blind as Part of “Blind” Initiative

The General Presidency for the Affairs of the Grand Holy Mosque and the Prophet’s Holy Mosque – represented by the General Administration for Disabled Persons’ Affairs and the General Administration of Social Services at the Agency for Social, Voluntary and Humanitarian Services – offers the service of Braille translated Holy Quran in locations allocated for persons with disabilities and children with disabilities.

Assistant Under-Secretary for Social and Humanitarian Affairs Omar Al-Mahmadi emphasized the cooperation and synergy of departments and the great efforts in providing humanitarian services to persons with disabilities

Source: Saudi Press Agency

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Prince Mohammed bin Salman Project for Development of Historical Mosques to Renovate Al-Saidan Mosque in Al-Jouf Region

The Al-Saidan Mosque, which holds significant historical value and serves as a local landmark in Dumat Al-Jandal, Al-Jouf region, is one of the mosques included in the second phase of the Prince Mohammed bin Salman Project for the Development of Historical Mosques. Constructed around 1223 AD, the mosque is one of the oldest in the city after the Omar bin Al-Khattab Mosque and used to host Friday prayers.

The Prince Mohammed bin Salman Project for the Development of Historical Mosques aims to renovate the Al-Saidan Mosque by incorporating artistic, design, and informational values. The mosque’s area will increase from 179 square meters to 202.39 square meters, while its capacity to accommodate worshippers will reach 68 people after prayers, which were previously stopped for some time.

The mosque will be developed using mud building techniques and natural materials to depict the traditional style of the region, which is characterized by its unique architecture that can withstand the harsh desert climate. It stands out as a symbol of Al-Jouf’s urbanization and architectural identity. The rehabilitation project will preserve the mosque’s unique features, such as the water channel and an old well called the well of Aba al-Jibal, which has a channel dug and roofed with stone, as well as a staircase leading to the waterway for ablution. The mosque is also the only one with ablution places.

The Prince Mohammed bin Salman Project will renovate 30 mosques, including six mosques in Riyadh, five in Makkah, four in Madinah, three in Asir, two each in the Eastern Region, Al-Jouf, and Jazan, and one each in the Northern Borders Region, Tabuk, Al-Baha, Najran, Hail, and Al-Qassim in its second phase across all 13 regions of the Kingdom.

The completed first phase of the project involved the renovation and restoration of 30 historical mosques in 10 regions. The Prince Mohammed bin Salman Project for the Development of Historical Mosques aims to achieve four strategic objectives: restoration of historical mosques for worship and prayer, restoration of the urban authenticity of historical mosques, highlighting the cultural dimension of Saudi Arabia, and enhancing the religious and cultural status of historical mosques.

The project contributes to highlighting the Kingdom’s cultural and civilizational extent as one of the pillars of the Saudi Vision 2030 by preserving authentic urban characteristics and utilizing them to contribute to the development of modern mosque designs.

Source: Saudi Press Agency

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International Islamic Fiqh Academy, Iraqi Fiqh Council Sign Cooperation Memorandum to Enhance Communication

Secretary-General of the International Islamic Fiqh Academy Prof. Koutoub Moustapha Sano and Chief scholar of the Iraqi Fiqh Council Sheikh Dr. Ahmed Hassan Al-Taha yesterday in Baghdad signed a cooperation memorandum that aims at preparing a comprehensive plan to issue Fatwa (religious ruling).

It also aims to enhance cooperation between the two sides in the field of research and studies related to the preservation, revival, realization, spread and distribution of Islamic heritage, as well as to organize periodic meetings between scholars and researchers in Islamic sciences to confront and address various issues and developments.

Source: Saudi Press Agency

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Saudi Stock Market Index Closes Higher at 10965 Points

The Saudi Stock Index (TASI) concluded today’s trading session with a gain of 59.63 points, closing at 10,965.78 points, with a total trading volume of SAR 5.1 billion. The number of traded shares totaled 211 million, with 163 companies experiencing a surge in share value, while the shares of 48 companies closed with a decline.

Meanwhile, Saudi Parallel Stock Index (NOMU) also closed higher, with a gain of 50.12 points, ending the day at 20063.99 points, with a total trading volume worth SAR 37.6 million. The number of traded shares exceeded 690,000.

Source: Saudi Press Agency