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Abdulhamid Saeed Named New Governor of UAE Central Bank

Supplied, AAWSAT AR
Supplied, AAWSAT AR
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Abdulhamid Saeed Named New Governor of UAE Central Bank

Supplied, AAWSAT AR
Supplied, AAWSAT AR

UAE's President Sheikh Khalifa bin Zayed Al Nahyan issued a federal decree for 2020 appointing Abdulhamid Saeed as Governor of the Central Bank.

Saeed is replacing Mubarak Rashid al-Mansouri who has been at the helm of the institution since 2014.

He has more than 35 years of experience in the banking and financial services.

Saeed held key positions as a board member of the First Abu Dhabi Bank, the Abu Dhabi Developmental Holding Company, the Emirates Investment Authority, the Abu Dhabi Securities Exchange and Sky News Arabia.

He holds a Bachelor’s degree in Business Administration from the University of Arizona, US.

Earlier, he also served as a member of the Mubadala Investment Company’s Board Executive Committee and Audit, Risk and Compliance Committee.

The UAE’s monetary policy is closely linked to that of the US Federal Reserve due to a long-standing dirham currency peg to the dollar.

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Gulf

Saudi Defenses Intercept, Destroy 5 Drones and a Ballistic Missile

The armed forces' readiness succeeded in protecting the airspace and dealing with various threats without recording any damage (Ministry of Defense)
The armed forces' readiness succeeded in protecting the airspace and dealing with various threats without recording any damage (Ministry of Defense)
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Saudi Defenses Intercept, Destroy 5 Drones and a Ballistic Missile

The armed forces' readiness succeeded in protecting the airspace and dealing with various threats without recording any damage (Ministry of Defense)
The armed forces' readiness succeeded in protecting the airspace and dealing with various threats without recording any damage (Ministry of Defense)

Saudi air defenses intercepted five drones and a ballistic missile launched by Iran toward the Kingdom in recent hours.

The official spokesperson for the Saudi Ministry of Defense, Maj. Gen. Turki Al-Maliki, announced the interception and destruction of five drones in recent hours, as well as a ballistic missile targeting the Eastern Province.

Al-Maliki confirmed the success of the operations and the readiness of the armed forces to protect the airspace and respond to various threats, with no damage reported.

Gulf

Saudi FM Discusses Regional Developments with His Japanese, Chinese Counterparts

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo
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Saudi FM Discusses Regional Developments with His Japanese, Chinese Counterparts

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah/File Photo

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call on Thursday from Minister for Foreign Affairs of Japan Toshimitsu Motegi.

The two sides discussed cooperation and recent regional developments.

Prince Faisal also held a separate phone call with Member of the Political Bureau of the Communist Party of the Central Committee and Minister of Foreign Affairs of the People's Republic of China Wang Yi, during which they discussed the latest developments in the region.

Gulf

Saudi Arabia, Arab, and Islamic Nations Condemn Israel’s Death Penalty Law for Palestinians

Logo of the Saudi Ministry of Foreign Affairs
Logo of the Saudi Ministry of Foreign Affairs
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Saudi Arabia, Arab, and Islamic Nations Condemn Israel’s Death Penalty Law for Palestinians

Logo of the Saudi Ministry of Foreign Affairs
Logo of the Saudi Ministry of Foreign Affairs

The foreign ministers of Saudi Arabia, Egypt, Jordan, Indonesia, Pakistan, Qatar, Türkiye and the UAE strongly condemned on Thursday Israel’s law that allows the imposition of the death penalty in the occupied West Bank and its de facto application against Palestinians, the Saudi Press Agency reported.

The ministers warned against the increasingly discriminatory, escalating Israeli practices that entrench a system of apartheid and a rejectionist discourse that denies the inalienable rights and the very existence of the Palestinian people in the Occupied Palestinian Territory (OPT).

The ministers warned that this legislation represents a dangerous escalation, especially due to its discriminatory targeting of Palestinian prisoners, and emphasized that such measures could intensify tensions and further destabilize the region.

The ministers also expressed deep concern over the conditions of Palestinian prisoners in Israeli detention, warning of mounting risks amid credible reports of ongoing abuses, including torture, inhumane and degrading treatment, starvation, and denial of basic rights. They emphasized that these practices reflect a broader pattern of violations against the Palestinian people.

The ministers reiterated their firm opposition to Israel’s racially discriminatory, oppressive, and aggressive policies directed against Palestinians.

The ministers further emphasized the urgent need to refrain from measures imposed by the occupying power that risk further inflaming tensions on the ground. They stressed the importance of ensuring accountability and called for strengthened international efforts to uphold stability and prevent further deterioration.