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CGTN: China, Solomon Islands ink comprehensive strategic partnership to upgrade ties

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BEIJING, July 11, 2023 /CNW/ — China and the Solomon Islands announced the establishment of a comprehensive strategic partnership featuring “mutual respect and common development for a new era,” in a move to upgrade bilateral ties during the Pacific nation leader’s visit to Beijing.

 

Since the two countries established diplomatic relations, their friendly cooperation has become a pacesetter for the relations between China and other island countries in the Pacific in spite of a relatively late start, Chinese President Xi Jinping said on Monday afternoon while meeting Prime Minister of the Solomon Islands Manasseh Sogavare.

The Solomon Islands established diplomatic relations with China in 2019 after cutting ties with the Taiwan region, officially recognizing the one-China principle alongside over 180 countries across the world.

Thriving cooperation projects

Cooperation between the two sides is a paradigm of unity, cooperation and common development for countries of different sizes, and for developing countries, Xi said.

“China is ready to enhance strategic communication and deepen cooperation in various fields with the Solomon Islands to ensure the steady progress of the bilateral ties and bring more benefits to the two peoples,” Xi said.

China is the Pacific nation’s largest trading partner with the total volume standing at $498 million in 2022, according to official numbers. Exports from the Solomon Islands to China take up two thirds of the country’s total exports.

The Chinese president added that the country is willing to ensure development and long-term stability of the island country, and is ready to share the development opportunities brought by Chinese modernization, strengthen synergy between the Belt and Road Initiative and the Solomon Islands’ Development Strategy 2035, expand practical cooperation in various fields, and expand imports from the Solomon Islands.

“China is supporting more Chinese enterprises to invest and do business in the Solomon Islands, and will continue to provide economic and technical assistance to the country without any political strings attached,” Xi said. He urged the two sides to expand friendly exchanges in fields like medical care and education, and said that China supports the Solomon Islands in hosting the 17th Pacific Games.

‘Respect sovereignty of each other’

During their talks, Xi stressed that China fully respects the sovereignty and independence of Pacific island countries, and upholds the equality of all countries, big or small.

China fully respects the will of Pacific island countries and pursues extensive consultation, joint contribution, shared benefits and win-win results. China fully respects the cultural traditions of Pacific island countries, and adheres to harmony in diversity and shared beauty of diverse cultures. China fully respects the unity and self-reliance of Pacific island countries, and supports them in implementing the 2050 Strategy for the Blue Pacific Continent, contributing to the building of a peaceful, harmonious, secure, inclusive and prosperous Blue Pacific, Xi said.

He also greatly appreciates the Solomon Islands’ firm adherence to the one-China principle, supports the Solomon Islands in safeguarding its national sovereignty, security and development interests, and supports the development path that the country itself has chosen.

China is committed to running its own affairs well, and will always be a builder of world peace, a contributor to global development and a defender of the international order, Xi noted.

China understands that island countries in the Pacific face severe challenges caused by climate change, and stands ready to strengthen exchanges and cooperation with them in such areas as meteorological services, disaster prevention and mitigation, and clean energy to help them implement the United Nations 2030 Agenda for Sustainable Development, Xi said.

He also said that China is willing to strengthen coordination and cooperation with the Solomon Islands, uphold genuine multilateralism, safeguard international fairness and justice, jointly oppose the Cold War mentality and hegemonism, and safeguard peace and stability in the Asia-Pacific region.

Noting that the decision to establish diplomatic relations with China was a correct choice, Sogavare said fruitful outcomes have been achieved in bilateral ties and China has become the Solomon Islands’ largest infrastructure partner and a reliable development partner.

The Solomon Islands firmly adheres to the one-China principle and is willing to maintain close high-level exchanges with China, strengthen exchanges and cooperation in trade, investment, cultural and sub-national areas, and jointly respond to global challenges such as climate change, Sogavare said, adding that the country opposes any actions that contain or aim to contain China’s development.

https://news.cgtn.com/news/2023-07-10/Xi-meets-with-Solomon-Islands-PM-Manasseh-Sogavare-1lkcndnfqiA/index.html

YT link for video: https://www.youtube.com/watch?v=ZkAMlIa-4tQ 

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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