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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 Foreign Minister Receives Phone Call from French Foreign Minister

zSaudi Foreign Minister Prince Faisal bin Farhan bin Abdullah - File Photo/Reuters)
zSaudi Foreign Minister Prince Faisal bin Farhan bin Abdullah - File Photo/Reuters)
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Saudi Foreign Minister Receives Phone Call from French Foreign Minister

zSaudi Foreign Minister Prince Faisal bin Farhan bin Abdullah - File Photo/Reuters)
zSaudi Foreign Minister Prince Faisal bin Farhan bin Abdullah - File Photo/Reuters)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from Minister for Europe and Foreign Affairs of the French Republic Jean-Noël Barrot, SPA reported.

During the call, they discussed bilateral relations and the latest regional and international developments.

Gulf

Yemen Presidential Leadership Council President Holds Talks with GCC Sec-Gen

President of the Presidential Leadership Council of Yemen Dr. Rashad Mohammed Al-Alimi - Reuters
President of the Presidential Leadership Council of Yemen Dr. Rashad Mohammed Al-Alimi - Reuters
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Yemen Presidential Leadership Council President Holds Talks with GCC Sec-Gen

President of the Presidential Leadership Council of Yemen Dr. Rashad Mohammed Al-Alimi - Reuters
President of the Presidential Leadership Council of Yemen Dr. Rashad Mohammed Al-Alimi - Reuters

President of the Presidential Leadership Council of Yemen Dr. Rashad Mohammed Al-Alimi met with Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi in Riyadh.

According to a press release issued by the GCC General Secretariat, the two sides reviewed GCC-Yemeni relations and discussed the current situation in the Republic of Yemen, with particular focus on recent developments in the governorates of Hadramout and Al-Mahrah. Albudaiwi affirmed that all efforts are being exerted and supported to enhance security and stability in Yemen.

Dr. Al-Alimi commended the stances, leading role, and exceptional efforts made by the GCC states to support Yemen across various fields, contributing to enhancing Yemen’s stability and realizing its development, SPA reported.

Furthermore, Albudaiwi reiterated the GCC’s steadfast position affirming full support for the Presidential Leadership Council, headed by Dr. Al-Alimi, and its supporting entities, in their endeavours to achieve security and stability in Yemen.

He also underscored the GCC’s support for reaching a comprehensive political solution in accordance with the three references, in a manner that preserves Yemen’s sovereignty, unity, territorial integrity, and independence.

Gulf

No Damage as Quake Strikes Saudi Arabia’s Eastern Region 

No damage was reported from the earthquake. (SPA)
No damage was reported from the earthquake. (SPA)
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No Damage as Quake Strikes Saudi Arabia’s Eastern Region 

No damage was reported from the earthquake. (SPA)
No damage was reported from the earthquake. (SPA)

An earthquake struck Saudi Arabia’s Eastern Region on Wednesday.

Spokesperson for the Saudi Geological Survey (SGS) Tariq Aba Al-Khail said no damage casualties were reported in the 4.0-magnitude quake.

The earthquake resulted from tectonic stresses from the collision of the Arabian and Eurasian geological plates in the Zagros Mountains of Iran, which activated existing faults in the Earth's crust in Eastern Region of the Kingdom, he said.