Latest news with #Authority
Libyan Express
4 hours ago
- Business
- Libyan Express
Watchdog moves against financial crimes chief
BY Libyan Express Jun 20, 2025 - 05:20 Libya's Administrative Control Authority Libya's Administrative Control Authority has suspended the head of the Financial Crimes and Anti-Money Laundering Agency, Jamal Omar Al-Mazoughi, as part of a precautionary measure linked to an internal oversight report. The decision, issued by Authority Chairman Abdullah Qaderbuh under Resolution No. 336 of 2025 , follows a review conducted by the General Directorate for Oversight of the Prime Minister's Office. The Authority said the move was made in the public interest. In a statement published on its official Facebook page, the Authority said the suspension was taken 'in accordance with the requirements of public interest,' citing Article 31 of Law No. 20 of 2013, which governs the body's mandate, as amended. No further details were provided regarding the nature of the oversight findings or whether formal charges are expected. The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express. How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@ Please include 'Op-Ed' in the subject line.
Time of India
10 hours ago
- Business
- Time of India
Adani can't sub-lease its data centre project to another co until it's complete, says Noida
Noida: Noida Authority has ruled out the possibility of sub-leasing its Sector 80 industrial plot to Noida Data Centre Ltd — a group firm of Adani Enterprises Ltd — before the project is declared functional. The decision marks a reversal of the Authority's earlier stance, with officials insisting they would not allow any relaxation from original allotment conditions. According to officials, the plot allotted to Adani in 2021 was still undeveloped and the company had not applied for map approval either. They cited Clause 14-B of the lease deed, which clarified that sub-leasing would be allowed only after the unit obtained an occupancy certificate and became operational. In July last year, the Authority had initially approved the sub-leasing of 10 acres in Sector 80 to Noida Data Centre Ltd — a special purpose vehicle (SPV) formed jointly by Adani Enterprises and EdgeConneX under the AdaniConnex venture. The land, allotted for Rs 70 crore in April 2021, was meant for developing a 50MW hyperscale data park within six years. However, the Authority reversed its decision at a meeting in March this year, following complications over transfer charges. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like O novo dispositivo que os idosos usam para ajudar na neuropatia (dor nos nervos) A arte do herbalismo Undo When the Authority demanded Rs 11 crore as transfer fee, Adani sought a waiver, citing a precedent where the Authority had allowed sub-leasing of its institutional plot in Sector 62 to another SPV without such charges. The company cited the Data Centre Policy of 2021. But although the policy allowed sub-leasing without transfer charges, it also empowered industrial development authorities to levy relevant fees under the UP Industrial Area Development Act, 1976. On June 9, the Authority denied the waiver and conveyed its decision to Adani through a letter, pointing out that the allottee had agreed to these provisions at the time of application and remained bound by them. Chief secretary Manoj Singh, who is also the Authority chairperson, also intervened. He clarified that the Sector 62 case couldn't be compared with that of Adani as it involved different categories of land use. Sector 80 followed industrial plot norms, while Sector 62 was allotted under institutional rules. "Noida Authority's policies for transfer or sub-lease of industrial and institutional plots are entirely different," Singh wrote to Authority CEO Lokesh M. In his letter, Singh also emphasised that the lease deed for the Sector 80 plot — executed in Oct 2021 — explicitly prohibited any kind of transfers before the project became functional. "The allottee was aware of the provisions.... Now, subsequent to signing the lease deed, the provisions of the Para 8.3.i of the Data Centre Policy 2021 cannot be taken recourse to," he wrote. While the IT and electronics department supported Adani's position — arguing that the Data Centre Policy should supersede the lease deed terms — the Authority stuck to its stance. A committee comprising the finance controller, chief legal adviser, and an additional CEO recommended that Adani's request for sub-lease and fee waiver be rejected, also insisting on project completion and the mandatory occupancy certificate. "Granting any relaxation would amount to a post-allotment benefit, which cannot be allowed under current rules," an official said.
Time of India
12 hours ago
- Business
- Time of India
20 years gone, Madhuban Bapudham plot allottees told to shell out lakhs
Ghaziabad: GDA has started sending notices to around 1,500 plot allottees in Madhuban Bapudham, asking them to pay additional charges following a court-mandated hike in land compensation to farmers. Affected buyers now face an average additional cost of Rs 5,175 per sqm, that is Rs 5.17 lakh for a 100 sqm plot and Rs 15.5 lakh for larger plots up to 300 sqm. The plots were earlier sold to them at Rs 11,800 per sqm. "In case an allottee is not able to pay the additional fee, they will have to surrender the plot, and the initial amount paid will be refunded by GDA. Those who wish to retain plots will be given the option to deposit the additional amount in four instalments," a GDA official told TOI. Residents have expressed anger over the sudden burden, but the GDA said it was implementing the directive as ordered by the court and has no discretion in the matter. "This is an additional burden on allottees. Many of us have retired and have limited income sources, so managing the amount will be tough," Leeladhar, who bought land in the township. A residential plot scheme rolled out in 2004 near Delhi Meerut Road, Madhuban Bapudham spans over 1,231 hectares and has 2,570 plots under different categories: 254 MLA plots, 762 developed plots earmarked for farmers whose land was acquired, and 1,554 plots for other buyers who will now have to pay the additional fee. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Install the Perfect Pool at Home – Start Here Backyard Pool | Search Ads Learn More Undo over land belonging to five villages of Sadarpur, Mainapur, Naglapath, Yaqoobpur, and Morta. In 2004, a group of farmers who had parted with their land (281 acres) in Sadarpur, Mainapur, Naglapath, Yaqoobpur and Morta villages challenged the Authority's land acquisition rates—farmers were offered between Rs 32 per sqm and Rs 123 per sqm for parting with their lands, but the developed plots were sold at Rs 11,800 per sqm. Currently, the per unit cost of flats under group housing societies in Madhuban Bapudham scheme varies between Rs 50 lakh and Rs 65 lakh. After they failed to get relief from the high court in 2008, the farmers moved the Supreme Court, which in Nov 2016 directed that revised compensation be paid as per the provisions of the Land Acquisition, Rehabilitation & Resettlement Act, 2013. "GDA was forced to revisit land rates of plots after a group of farmers moved court demanding higher land compensation. To pay the enhanced compensation to the farmers, the GDA needed Rs 1,100 crore. So, it took a loan of Rs 800 crore. The Authority now intends to recover the remaining amount from plot buyers by loading the extra cost on them with retrospective effect," the official said.
Kuwait Times
12 hours ago
- Business
- Kuwait Times
PAHW delivers over 44,000 services in May; projects exceed targets
KUWAIT: The Public Authority for Housing Welfare (PAHW) announced on Thursday that its Citizen Services Department delivered a total of 44,289 services during the month of May, with 24,847 services processed via the authority's electronic platforms and the 'Sahel' unified government application. Additionally, 17,397 inquiries were handled through telephone and chatbot systems, while 2,045 services were provided through in-person reception centers. Deputy Director General for Public Relations and Development Affairs and official PAHW spokesperson Omar Al-Ruwaih reviewed the Authority's operational achievements in May, highlighting notable progress in several housing and infrastructure projects. He revealed that the completion rates for three infrastructure contracts and a main roads contract in the South Sabah Al-Ahmad project have significantly surpassed contractual expectations. The main roads contract in the area has reached 50.82 percent completion, exceeding the contractual rate by 6.15 percent. Meanwhile, the first infrastructure contract, which serves 7,623 plots, recorded a completion rate of 9.84 percent. The second infrastructure contract, covering 6,189 plots, achieved a 15.78 percent completion rate—8.56 percent above the target—while the third contract posted a 5.48 percent completion rate. Regarding the affordable housing initiative, Al-Ruwaih stated that the Authority has commenced work on six contracts, four of which are currently in the preparatory phase. The first contract, which includes the construction of 1,568 houses, has achieved a 5.44 percent progress rate, ahead of schedule. Similarly, the second contract has recorded a 3.4 percent completion rate. In South Saad Al-Abdullah City, Al-Ruwaih noted that three infrastructure contracts have entered the preparatory phase, covering work on 23,551 plots. The main roads contract for this area has reached a completion rate of 35.88 percent, outperforming the contractual benchmark by 21.4 percent. On the status of public building projects, Al-Ruwaih confirmed that the Authority is currently overseeing the implementation of 217 public buildings across seven major projects. These include 92 buildings under construction in Mutlaa City, 74 in the affordable housing project, 31 in South Abdullah Al-Mubarak City, 17 in Sabah Al-Ahmad City, and one building each in Jaber Al-Ahmad City, Saad Al-Abdullah City, and South Khaitan. Al-Ruwaih also revealed that PAHW signed four consultancy contracts last month. These include a contract for managing and supervising infrastructure works for 7,623 plots in suburbs N5, N7, N9, and N10 in the South Sabah Al-Ahmad project. Additional contracts were signed for infrastructure works covering 6,189 units in suburbs N4, N6, and N8, as well as 6,568 units in suburbs N1, N2, N3, and N11 of the same project. A separate contract was signed for the supervision of roadworks and infrastructure in the South Saad Al-Abdullah City residential project. Concluding the report, Al-Ruwaih noted that the Authority issued 32,303 'To Whom It May Concern' certificates to citizens confirming the completion of building permit procedures in three key areas: Al-Mutlaa, South Khaitan, and South Abdullah Al-Mubarak.- KUNA
Sharjah 24
a day ago
- Business
- Sharjah 24
SCC approves recommendations to support Sharjah Airport Authority
Airport Support Recommendations The session, chaired by His Excellency Dr. Abdullah Belhaif Al Nuaimi, focused on recommendations prepared by the Committee for Drafting Proposals concerning Sharjah International Airport. These recommendations followed discussions held in the Council's 14th session on May 22, 2025, attended by the Authority's Chairman and Director along with department representatives. Strategic Economic Role Council members emphasised the importance of supporting and developing the Airport Authority as a vital gateway for Sharjah and a key driver for economic and tourism growth. They called for enhancing infrastructure, expanding services, and improving operational efficiencies to meet the demands of increased global travel and trade. Forward-Looking Planning Jassim Al Hanaee Al Naqbi, Chairman of the Proposal Drafting Committee, stressed the comprehensive and future-focused nature of the recommendations. He highlighted the need to upgrade services and anticipate rising passenger numbers. Enhancing Operations and Human Resources The Council urged continuous development efforts aligned with growth plans. It also stressed the need to grant airport staff the same employment benefits offered to other entities operating within the airport environment. Emiratisation and Youth Opportunities Recommendations included support for Emiratisation policies and encouraging Emirati graduates to work with companies affiliated with the Authority. It called for specialised training programs to open new career paths in aviation for local youth. Regulating Equipment Usage The Council recommended issuing local legislation to manage idle equipment and vehicles within airport facilities, ensuring efficient space usage and minimising operational disruptions due to financially struggling companies. Airport Expansion Strategy In future planning, the Council emphasised reviewing growth rates in air traffic and airline rights up to 2050. It suggested evaluating whether to continue expanding the current airport or to consider establishing a new international airport to meet long-term demands. Session Closure and Acknowledgments The Council concluded its session with thanks extended to committee members, participating departments, and individuals who contributed to the recommendations and overall discussions. Vice President Halima Al Owais reviewed key Council achievements during the term. Final Speech by Council President In his closing remarks, Dr. Abdullah Belhaif Al Nuaimi praised the Council's role as a model of consultative governance under the guidance of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. He emphasised national loyalty, collective responsibility, and the importance of continuing progress in future terms. Royal Decree Announcement The session concluded with Secretary General Ahmed Saeed Al Jarwan reading Amiri Decree No. (20) of 2025, issued by His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, ordering the end of the second ordinary term of the Council's eleventh legislative chapter, effective after the completion of the session on June 19, 2025.
