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UAE Female Joins BRICS New Development Bank Board

BRICS’ New Development Bank (NDB) has elected Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organizations Department at the UAE Ministry of Finance, as a member of its Board of Directors and a Constituency Director. She was appointed following an internal voting process during NDB’s 8th Annual Meeting, held recently in Shanghai, China, WAM reported. ....

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Saudi Arabia Implements Mechanisms to Ensure Financial Sustainability of Riyadh's Infrastructure Center

Following a decision to approve the establishment of the Center for Infrastructure Projects in Riyadh, the Saudi government has set appropriate mechanisms that guarantee the center’s financial sustainability. According to information obtained by Asharq Al-Awsat, the Ministry of Finance, in partnership with the Government Expenditure and Projects Efficiency Authority, will study the government request for the center’s founding budget, at an amount of SAR 150 million ($40 million). ....

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