NEWS ALERT | Bahrain King: Committed To Palestinian Cause, Arab Initiative Way To Regional Peace

MILAN | ITALY – Bahrain’s King Hamad bin Isa al-Khalifa said on Sunday that his country remained committed to the Palestinian cause and that peace in the region was dependent on ‘reactivating’ the Arab Initiative.

The King stressed that the coronavirus pandemic and its economic repercussions on the Gulf country would not take away from its commitments to regional issues and international relationships.

‘These emergency developments will not steer us away from pursuing out commitments to our regional issues and our international relations, and we will continue to maintain our security based on the principles of good neighborliness and to extend a hand of cooperation to immunize our societies from extremism and terrorism and thwart their threats to stability and prosperity’, he said in a speech inaugurating third-year sessions of the fifth legislative term, according to state news agency, BNA.

‘We reaffirm that fixing the foundations of a comprehensive and just peace in the region depends on activating the Arab Initiative that we are working to support by all means with our brothers and allies, and this is a declared and clear position for us in the Kingdom of Bahrain towards the Palestinian Cause to reach a two-state solution in order to enhance security and world peace’, he added.

The Saudi – led Arab Initiative offers Israel normal relations with the Arab World in return for a Palestinian state drawn along borders which predate Israel’s capture of territory in the 1967 Middle East war. It envisages a capital in East Jerusalem and refugees’ right of return.

Bahrain and the UAE became the first Arab Nations to establish relations with Israel since Egypt in 1979 and Jordan in 1994. The two Gulf countries signed in mid-September US-brokered deals to normalize relations with Israel.

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in … More Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

DUBAI – Dubai’s Emirates Central Cooling System Cooperation (Empower) has invited investment banks to pitch for roles in its planned initial public offering, which is slated for later this years, two sources with direct knowledge of the matter said. Empower, which is part owned by Dubai Electricity and Water Authority (DEWA), has asked banks to … More Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

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