President of Chechnya Hosts Khalifa Fund for Enterprise Development Delegation

Press release
Published December 26th, 2018 - 12:31 GMT
From the meeting.
From the meeting.

Ramzan Kadyrov, President of the Chechen Republic hosted a delegation from Khalifa Fund for Enterprise Development lead by H.E. Hussain Jasim Al Nowais, KFED Chairman in the capital Grozny and lauded the friendly relations and fruitful cooperation between the Chechen Republic and the United Arab Emirates, and the success of these relations that support shared interests in various fields.

Ramzan Kadyrov, President of Chechnya said: “Zayed Fund for Innovation and Entrepreneurship, established by Khalifa Fund for Enterprise Development in Chechnya, is one of the most effective means to promote sustainable development and economic diversification, which is vital for the country’s economic stability."

President Kadyrov, expressed his appreciation and gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his keenness to support and nurture the cooperation between both countries.

His Highness Sheikh Mohamed bin Zayed Al Nahyan had assigned Khalifa Fund for Enterprise Development to work with the Chechen Government to jointly establish a similar institution to support and develop entrepreneurship and SME creation with a capital of USD 50 million, with the aim of developing small and medium enterprises in Chechnya and to support its economy.

H.E. Hussain Jasim Al Nowais, Chairman of Khalifa Fund for Enterprise Development, said: " Zayed Fund, launched by Khalifa Fund last year in the Chechen capital under the guidance of the UAE’s wise leadership, aims to spread the culture of innovation and entrepreneurship among the Chechen community, thus ensuring high growth rates in the local economy.

H.E. added that Zayed Fund will work through its various programs to empower Chechen youth, to enable them to contribute effectively to economic progress and to help them build a sustainable knowledge based economy.

Furthermore, H.E. Al Nowais attended a meeting of the Board of Directors of Zayed Fund in the presence of H.E. Muslim Khoshaif Prime Minister of Chechen Republic and H.E Hasan Khakimov, Deputy Prime Minister of Chechnya and Chairman of the Zayed Fund for Innovation and Entrepreneurship, which reviewed the achievements of the Fund during the past one year and discussed future plans.

The meeting also discussed the annual plan of initiatives and funding for 2019 and analysed the various challenges that hinder the progress of work and necessary plans to overcome them.

H.E. Al Nowais revealed that Zayed Fund has been able to accomplish some promising achievements in a short period of time, as a number of projects have been approved which set to contribute to supporting and enhancing the performance of Chechen economy in the future. In addition, the Fund successfully organized a number of training courses in the field of entrepreneurship and innovation.

H.E. added that approvals for financing of projects under Zayed Fund program will increase in the coming year, as there are many ideas deserves analysis and financing after they meet the criteria set up by the Fund. H.E. also pointed out that the work approach of Zayed Fund is inspired by Khalifa Fund’s approach which is based on the four pillars including training, guidance, financing and support.

The establishment of Zayed Fund for Innovation and Entrepreneurship comes in line with the directives of the wise leadership, and form part of the efforts by both parties to further enhance cooperation and strengthen the existing relations between the UAE and the Republic of Chechnya in various fields.

Background Information

Khalifa Fund for Enterprise Development

Khalifa Fund was established in June 2007 by the virtue of the (Law 14 of 2005), as an independent, Not for Profit Small and Medium Enterprises (SMEs) Socio Economic Development agency of the Government of Abu Dhabi. The purpose of establishing the fund is to help develop local enterprises in Abu Dhabi by instilling and enriching the culture of investment amongst UAE nationals, as well as supporting and developing small to medium-sized investments in the Emirate. Khalifa Fund started with a total capital of AED 300 million, which was gradually increased to AED 2 billion and covering all the UAE.

"قاطع الرؤوس" في قبضة الاستخبارات العراقية

Published February 23rd, 2019 - 09:39 GMT
مقاتلين من داعش/ أرشيفية
مقاتلين من داعش/ أرشيفية

أعلنت الاستخبارات العسكرية العراقية، أمس الجمعة، عن اعتقال قاطع الرؤوس في "داعش" على الحدود العراقية السورية، الذي ظهر في أكثر من فيديو وهو ينفذ عمليات إعدام.

وقالت المديرية في بيان على صفحتها في موقع "فيسبوك" إن "مفارز مديرية الاستخبارات العسكرية في الفرقة 15 ، وإثر معلومات استخبارية دقيقة، ألقت القبض على أحد الإرهابيين الذين تسللوا عبر الحدود العراقية السورية والمعروف بـ (قاطع الرؤوس)".

وأضافت أن "هذا الشخص معروف بقاطع الرؤوس"، وأنه "ظهر بعدة إصدارات للدواعش أمام أشخاص قام بقطع رؤوسهم في العراق وسوريا".


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