GFH Acquires AMA International University of Bahrain

GFH Acquires AMA International University of Bahrain
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GFH Acquires AMA International University of Bahrain

GFH Acquires AMA International University of Bahrain

GFH Financial Group (GFH) said that it, alongside its strategic partners, has acquired the AMA International University-Bahrain (AMAIUB), building the Group’s local and regional education portfolio currently valued at USD250 million.

The transaction, valued in excess of USD100 million, will see GFH assume the lead in the management of the University on behalf of its partners, leveraging its strong and long-standing track record and experience in the sector.

Commenting on this, Group Chief Executive Officer Hisham Al Rayes said: "We are delighted to announce the acquisition of AMA International University-Bahrain by GFH and our partners."

He described this as "a strategic investment in a world-class institution that continues to rapidly build its position as one of the Kingdom’s and region’s top university destinations for both undergraduate and post-graduate studies.”

Rayes went on saying that "Investment in the education sector, among the fastest-growing the GCC region today, forms one of the key pillars of our strategy and we are focused on continuing to diversify and strengthen our portfolio with the addition of unique assets, like AMAIUB, to which we can apply our deep investment and operational know-how to deliver further growth and value for all stakeholders."

With this investment and our management of the University, we will work closely with the administration, staff, and students in order to help accelerate AMAUIB’s ability to meet and maximize its vast potential."

According to him, this includes adding resources and expertise that would further enhance the university's offering and capacity and raise the bar of international standards of higher education in the region.



US Revokes Foreign Terrorist Designation for Syria's HTS

Syria's interim President Ahmed al-Sharaa speaks during a Ministerial formation of the government of the Syrian Arab Republic, in Damascus, Syria March 29, 2025. (Reuters)
Syria's interim President Ahmed al-Sharaa speaks during a Ministerial formation of the government of the Syrian Arab Republic, in Damascus, Syria March 29, 2025. (Reuters)
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US Revokes Foreign Terrorist Designation for Syria's HTS

Syria's interim President Ahmed al-Sharaa speaks during a Ministerial formation of the government of the Syrian Arab Republic, in Damascus, Syria March 29, 2025. (Reuters)
Syria's interim President Ahmed al-Sharaa speaks during a Ministerial formation of the government of the Syrian Arab Republic, in Damascus, Syria March 29, 2025. (Reuters)

President Donald Trump's administration on Monday revoked the foreign terrorist organization designation for Hayat Tahrir al-Sham, as Washington moves to remove US sanctions on Syria to help the country rebuild following years of a civil war.

In December, opposition factions led by HTS ousted Syria's former president Bashar al-Assad in a lightning offensive. Then-HTS leader Ahmed al-Sharaa became Syria's president and said he wanted to build an inclusive and democratic Syria.

HTS was previously known as al-Nusra Front when it was al-Qaeda's Syria branch. It broke off ties with al-Qaeda in 2016.

In May, Sharaa met with Trump in Riyadh where, in a major policy shift, the Republican president unexpectedly announced he would lift US sanctions on Syria, prompting Washington to significantly ease its measures.

"This FTO revocation is an important step in fulfilling President Trump’s vision of a stable, unified, and peaceful Syria," Secretary of State Marco Rubio said in a statement, adding that the revocation will come into effect on Tuesday.

Last week, Trump signed an executive order terminating US sanctions program on Syria, a move that aims to end the country's isolation from the international financial system.

Syria's foreign ministry told Reuters that the lifting of sanctions on HTS was a "positive step toward correcting a course that previously hindered constructive engagement."

The written statement said Syria hoped the move would "contribute to the removal of remaining restrictions that continue to impact Syrian institutions and officials, and open the door to a rational, sovereign-based approach to international cooperation."

The ministry also said that Sharaa was planning to attend the upcoming United Nations General Assembly in September. The UN Security Council still has sanctions on both HTS and Sharaa himself, which require a Council decision to remove.