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Friday, September 20, 2024 | Daily Newspaper published by GPPC Doha, Qatar.
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Estithmar Holding Lists the First Corporate Sukuk in Qatari Riyals on London Stock Exchange

Estithmar Holding celebrated this morning the listing of its first Sukuk in Qatari Riyals on London Stock Exchange, at the Stock Exchange’s headquarters. This is the first time that London Stock Exchange has witnessed listing in Qatari riyals.The market open ceremony for the listing of Estithmar Holding Sukuks was attended by Eng. Mohammed bin Bader Al-Sada, Group CEO of Estithmar Holding, in addition to key executives from the company, Mr. Shrey Kohli, Head of Debt Capital Markets and Issuer Services in London Stock Exchange, members of the LSE team, and a group of media representatives. The ceremony was also attended by representatives of the joint lead managers of the issuance and Qatari financial institutions; Mr. Mohammed Ismail Al-Emadi, CEO of Lisha Bank, Mr. Ahmed Hashem, acting CEO of Dukhan Bank, Mr. Akber Khan, acting CEO of Al Rayan Investment and Mr. Haithem Katerji, CEO of The First Investor. The ceremony was attended also by Mr. Charbel AbuCharaf, Managing Partner, White and Case Qatar in addition to representatives of legal and consultancy firms.Estithmar Holding recently announced its successful issuance of the first corporate Sukuk denominated in Qatari Riyals, worth QAR 500 million, with an annual profit rate of 8.75%. This issuance is the inaugural tranche of Estithmar Holding’s QAR 3.4 billion Sukuk program which earned great interest from investors and governmental and non-governmental institutions. The list of investors included banks, insurance companies, and asset management companies. Commenting on the event, Eng. Mohammed bin Badr Al-Sada, CEO of Estihtmar Holding, highlighted the significance of the listing to the Qatari economy, “This issuance demonstrates confidence in Qatar's robust economy and highlights the ability of the Qatari private sector to expand both domestically and internationally, with support from government initiatives that create a seamless environment where companies can develop and thrive.”.Al-Sada also pointed out the importance of the issuance as a milestone for the company: “Today Estithmar Holding operates in 7 countries across four sectors and the Sukuk program we have listed on the London Stock Exchange is a key component of our growth strategy and will facilitate further expansion and value creation.”.

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Brazil sanctuary fears no 'safe' place for jaguars to 'return' as fires rage

As fires continue to ravage the Pantanal, the world's largest tropical wetland, a rescue center treats a jaguar injured in a fire in 2020. The jaguar, whose paws were badly burned, is now unable to move her claws. The NEX (No Extinction) sanctuary near Brasilia is in a race against time to save the remaining 24 of the 70 jaguars and pumas it originally rescued. With forest fires on the rise in Brazil, the jaguar's veterinarian Thiago Luczinski is concerned about the safety of the animals' habitats. "It's a big problem because this animal is in a safe place today, but it's going back to an area where there's still fire," he explains. AFP

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Aftermath of an Israeli strike on a school-turned-displacement shelter in Gaza's Nuseirat

"The children are speechless, traumatized by the sight of their parents torn apart" says a Palestinian outside Al-Aqsa hospital in Deir el-Balah following a strike on a school-turned-displacement shelter in central Gaza's Nuseirat."I can hardly stand up", says a Palestinian man holding a bag filled with human remains after the Israeli strike at Nuseirat. 14 people were killed in the facility, which has already been hit several times during the war. AFP

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Apple unveils new iPhone built for AI

Apple unveils the iPhone 16, a new iPhone built for generative artificial intelligence, as it seeks to boost sales and show it is keeping up in the technology race. AFP

Gulf Times

Shura deputy speaker calls for supporting Palestinian women

HE the Deputy Speaker of the Shura Council Dr Hamda bint Hassan al-Sulaiti emphasised the pivotal role of education in advancing the status of women in Qatar, noting that these efforts have enabled Qatari women to participate effectively in both local and global humanitarian issues.This came during her speech at the opening session of the Fourth Eurasian Women's Forum, which began on Wednesday in St Petersburg in the presence of Russian President Vladimir Putin, under the title 'Women for Strengthening Trust and Global Co-operation', and will continue for three days.She highlighted the importance of the initiatives launched by Qatar under the leadership of His Highness the Amir Sheikh Tamim bin Hamad al-Thani and the active contribution of Qatari women to peace efforts, especially the pioneering role played by Her Highness Sheikha Moza bint Nasser, Chairperson of the Education Above All Foundation and member of the UN Sustainable Development Goals Advocates Group, in providing education to children in conflict zones.Dr al-Sulaiti also pointed to the tragic situation of Palestinian women in Gaza and other occupied territories, who are subjected to horrific human rights abuses by Israeli occupation forces. She stressed that the efforts of women in building and sustaining peace will not achieve their goals unless the international community takes decisive action to enact binding international laws that criminalise violence and hold perpetrators of war crimes accountable. She called for the rightful support of Palestinian women and the need to protect the Palestinian people, particularly women and children.Dr al-Sulaiti also called for solidarity with Palestinian women and an end to the genocide in Gaza, affirming that the preservation of life is one of the most important human values. She warned of the dangers of attempts to alter the foundations of education in societies, which adversaries of nations use to steer future generations toward their own cultures and objectives.She underscored the importance of enhancing efforts to empower women in peace processes, noting that women are among the most affected by the absence of peace and the spread of wars. In this regard, she pointed out that women's organisations are committed to involving women in the United Nations' efforts in security and peace. She also called on the audience to urge the UN to issue an international document that criminalises resorting to violence and obliges mediators to include women in all stages of peacebuilding.In conclusion, Dr al-Sulaiti called for intensifying joint efforts to support peace and international co-operation, affirming that achieving and maintaining peace through effective international laws is a guarantee for human happiness, especially for women around the world.The forum focuses on the role of women in promoting peace and global co-operation, preserving traditions and cultural diversity, developing technology and innovations, fostering a healthy society, and achieving social well-being.Dr al-Sulaiti had also participated in a session within the forum on the humanitarian mission of women and the global experience and prospects for co-operation. The session focused on the role of women in international co-operation for achieving sustainable development and promoting human values, with a focus on preserving life, developing human capacities, protecting the health of women and children, and using social and political cooperation to promote shared values.###OPT CUTIn a contribution during the session, Dr. Al Sulaiti emphasized that education is one of the most important sources of shaping culture and human values, noting the pivotal role educational institutions play in guiding and developing the awareness of younger generations, particularly women, in the era of open space, which has expanded opportunities for online education.She also highlighted the role of Qatari women, noting that they have succeeded in proving themselves as active partners in humanitarian causes by taking advantage of equal educational opportunities. This has enabled Qatari women to present shining examples in this field.Dr. Al Sulaiti stressed the importance of instilling virtuous human values such as tolerance, coexistence, peaceful dialogue, and respect for others to ensure individuals align with the natural disposition recognized by divine laws. She affirmed that these values form the foundation of joint efforts among women worldwide through women's organizations and platforms that advocate for peace, justice, and the preservation of the environment from climate change.

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