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Sharjah 24
a day ago
- General
- Sharjah 24
Sharjah Crown Prince honours 22nd SAVW winners
Recognition of distinguished personalities The ceremony, hosted at the Sharjah Education Academy, recognised His Highness Sheikh Sultan bin Ahmed Al Qasimi, Humanitarian Envoy of The Big Heart Foundation, in the Veteran Personalities category for his exceptional contributions to humanitarian and volunteer work. Also recognised were Sheikh Essam bin Saqr Al Qasimi, Advisor at the Ruler's Office, for his distinguished volunteer and charitable efforts in community service, and Khamis bin Salem Al Suwaidi, Advisor at the Ruler's Office, for his notable community service contributions. Overview of the Award His Highness the Crown Prince was presented with a comprehensive overview of the award's 14 categories, which included details on the number of winners, honourees, veteran figures, and the sustainable endowment initiatives backed by the award. Ceremony highlights The event commenced with the UAE national anthem, followed by a recitation of verses from the Holy Quran. Attendees, including His Highness, then viewed a theatrical performance and a video presentation that emphasised the value of family volunteering and its positive impact on both individuals and society, reinforcing principles of social cohesion and solidarity. Showcasing Award milestones A second video showcased key award milestones, featuring notable figures, statistics on participants and winners across various categories, total recorded volunteer hours, and the accomplishments of the honourees. Chairman's address: Reinforcing volunteerism In his address, Ahmed Ibrahim Al Mail, Chairman of the Social Services Department and Chairman of the Board of Trustees for the Sharjah Award for Voluntary Work, reaffirmed Sharjah's commitment—under the leadership of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah—to promoting volunteerism and a culture of community giving. He highlighted that over the award's 22-year history, hundreds of individuals and institutions have been recognised for exemplary humanitarian and volunteer initiatives, helping to strengthen social unity and solidarity. Celebrating impact and innovation Al Mail praised the esteemed status the award has attained, noting its role as a prominent platform for celebrating innovation in charitable work, cultivating a sense of social responsibility among youth, and inspiring both public and private sector institutions to implement meaningful volunteer initiatives. Inclusivity and moral commitment He further stressed that the award encourages participation from all community segments, including persons with disabilities and the elderly. Volunteerism, he noted, transcends age and circumstance, driven by a deep-seated belief in serving others. Quoting the words of His Highness the Ruler of Sharjah, he said: 'Volunteer work is a noble human value and a vital contributor to achieving comprehensive societal development. It fosters moral values through active participation and boundless generosity.' A call to continue the journey Concluding his remarks, the Chairman of the Board of Trustees congratulated the award winners, extended his appreciation to the judging panel, the board members, and all those who contributed to elevating the award's status. He urged everyone to continue on the path of volunteering, describing it as both a humanitarian obligation and a driving force for social cohesion and sustainable growth. Jury Chairman's address For his part, Dr Abdul Aziz bin Butti Al Muhairi, Chairman of the Sharjah Award for Voluntary Work Jury, delivered a speech in which he emphasised the significant role volunteers play in strengthening community cohesion and solidarity. He noted that the 22nd edition witnessed widespread participation, revealing that the award received 292 applications, of which 142 were qualified. These applications were carefully reviewed, and the winners were selected with precision and transparency according to clear and objective criteria. This reflects the award's prestigious position in promoting the culture of volunteering and its lofty values in the UAE. Acknowledging support and encouragement The Chairman of the Jury expressed his sincere appreciation to the Board of Trustees for its ongoing support, which has played a vital role in the award's growth and success. He highlighted that this support reflects the Board's strong commitment to the award's mission and noble objectives. He encouraged all participants to continue their volunteer efforts and actively contribute to community service, wishing them continued success and distinction in this meaningful endeavour. Best Volunteer Opportunity Creator Award His Highness honoured the award's 14 different categories. In the Best Volunteer Opportunity Creator Award, Dubai Municipality won in the Government Institutions category for the "One Hour with a Cleaning Engineer" opportunity, while the Emirates Cancer Society won in the Non-Governmental Institutions category for the "Health Awareness Ambassadors Programme." Distinguished Supporter of Volunteer Work Award In the Distinguished Supporter of Volunteer Work Award, the Dubai Police General Command took first place, and the Department of Community Development in Abu Dhabi took second place in the Government Institutions category. Mohammed Issa Al Hammadi won first place in the Individuals category. Best Volunteer Initiative Award The Dubai Police General Command received the Best Volunteer Initiative Award in the Government Institutions category for its 'Establishing Protection Schools' initiative. In the Families category, the family of Mohammed Abdullah Mohammed Al Ali was honoured for their 'My Book is My Friend' initiative, while Fatima Ismail Al Sarayrah won in the Individuals category for her 'Statement for Autism' initiative. Volunteer teams and private sector recognition The Abaqira Volunteer Team earned first place in the Volunteer Teams category for their initiative, "Integrating Our Children with Our Elders," while the Najah Academic Centre at Abu Dhabi University secured the top spot in the Private Sector category for their 'Peer Mentoring Program.' Volunteer hours record Winners Ismail Halkouj set the record in the Individual category with 3,978 volunteer hours. In the Family category, Hanan Saeed Saeed Salem's family claimed first place with 306 hours. The Ataa Hamdan Volunteer Team topped the Volunteer Team category, contributing an impressive 45,477 volunteer hours. University Student and Knight of Volunteer Work Awards The University Student Award for highest volunteer participation was awarded to Batoul Saadi Ibrahim Al-Najjar, who completed 1,943 volunteer hours. The Knight of Volunteer Work Award went to Tabarak Saadi Al-Najjar for achieving 1,606 volunteer hours. Asalah Award for Elderly Participation The Asalah Award for Best Volunteer Participation by the Elderly was awarded to Halima Ahmed Saif Al Naqbi, who earned first place with 86 volunteer hours. Latifa Mahmoud Mohammed secured second place with 26 hours, while Mira Hamad Saif Al Ketbi came in third with 25 hours. Himma Award for Volunteer Participation The Himma Award for Best Volunteer Participation was awarded to Salem Mohammed Karim, who claimed first place with 1,296 volunteer hours. Ayman Azhari Ali earned second place with 575.2 hours, while Salma Khamis Hamdan Al Salami secured third place with 301 hours. Civil society and volunteer leadership awards In the Best Civil Society Award category, the International Charity Organisation from Ajman secured first place, while the Hamdan Volunteer Team was recognised as the Best Volunteer Team. Sultan Salem Al Kaabi received the Best Young Leader of a Volunteer Team Award, and Dr Ahmed Mohammed Al Kamali was honoured with the Role Model Volunteer Award. Arada Real Estate Development Company earned the Excellence in Social Responsibility Award, and the Al Khalidiya Suburb Council was named Best Suburb in Volunteer Work. Special volunteer category honourees His Highness also honoured the recipients in the Special Volunteer Category, recognising outstanding blood donors including: Adel Abdulrahman Al Ali, Ibrahim Mohammed Al Zarouni, Roger Nicola Sahioni, Abdullah Mohammed Al Mulla, Ibaa Nazir Shabouk, Mubarak Amoud Ghadban, Eid Rashid Al Mutlaq, Jassim Mohammed Al Shehhi, Raed Fadhel Ramadan, Mustafa Abdulrahman Dakhel, and Mohammed Kamal Nazir Al Lauwza. Supporting Sharjah's volunteer vision This annual award is part of the Emirate of Sharjah's ongoing efforts to promote and support volunteerism, celebrate exemplary contributions in the field, and foster sustainable development while strengthening social solidarity within the community. Distinguished guests in attendance The honouring ceremony was attended by Sheikh Essam bin Saqr Al Qasimi, Advisor at the Ruler's Office; Sheikh Dr Salem bin Abdulrahman Al Qasimi, Chairman of the Ruler's Office; Her Excellency Hessa bint Essa Buhumaid, Director General of the Community Development Authority in Dubai; along with several senior officials and award recipients.
Sharjah 24
a day ago
- Business
- Sharjah 24
Sharjah Public Finance Award hosts Public Debt Management Forum
The forum, titled "Managing Public Debt in a Changing World – Sustainable Strategies to Address Global Economic Challenges," aimed to exchange knowledge, experiences, and best practices in the field of public finance among participating countries. This initiative seeks to strengthen the ability of these nations to tackle contemporary financial challenges. The forum featured a distinguished group of experts and officials who discussed the latest trends in public finance and highlighted government success stories in managing public debt, thereby fostering collaboration among nations to overcome financial challenges and enhance government financial performance. The event was attended by His Excellency Waleed Al Sayegh, Director General of Sharjah Finance Department (SFD) and Member of the Board of Trustees; His Excellency Sheikh Rashid bin Saqr Al Qasimi, Secretary-General of the Award and Director of the Sharjah Finance Department; His Excellency Dr Nasser Al-Hatlan Al-Qahtani, Director General of the Arab Organisation for Administrative Development – League of Arab States, alongside ministers, government officials, and numerous speakers and participants from Turkey, the host country, as well as representatives from ministries of finance, public debt departments, banks, financial organizations, and international experts from Arab and other countries involved in the forum and the award. A platform for excellence In his keynote address, His Excellency Sheikh Rashid bin Saqr Al Qasimi, Secretary-General of the Award and Director of the Sharjah Finance Department, emphasized the importance of fostering Arab cooperation in public finance in light of the increasing global economic challenges. He stated that the forum served as an ideal platform for exchanging knowledge and best practices between Arab nations and sharing success stories in managing public debt and achieving financial leadership. His Excellency expressed his delight at the forum's success, noting that reviewing government success stories in managing public debt reflects the commitment to developing government financial performance and adapting to rapid economic changes. This contributes to enhancing transparency and efficiency in managing financial resources. He added, 'The Sharjah Public Finance Award, by recognizing distinguished efforts, represents an incentive for governmental bodies and individuals in the Arab world to achieve the highest standards of excellence in public finance, aligning with the sustainable development goals and developing financial strategies.' He also highlighted that the award provides an opportunity to honor efforts that elevate government financial work and promote higher levels of transparency and professionalism. The award will inspire both individuals and institutions in the UAE and the Arab world to achieve greater success and excellence in public finance, contributing to comprehensive development and economic prosperity. Furthermore, it will encourage many countries participating in the forum to strive for excellence in their financial institutions, fostering sustainable development goals and innovative solutions to tackle public debt challenges in an evolving global environment. Strengthening cooperation for a sustainable financial future His Excellency Dr Nasser Al Hatlan Al Qahtani, Director General of ARADO and Vice Chairman of the Board of Trustees, emphasized that the forum addresses multiple economic challenges faced by countries, especially those in need of continuous support. He noted that the Sharjah Public Finance Award and its partnership with the Arab Organization for Administrative Development exemplifies a model for achieving excellence in public finance to confront these challenges. The forum aims to improve government financial performance and support national economies through a financial environment characterized by efficiency and sustainability. Dr Al-Hatlan Al-Qahtani expressed, 'We look forward to continuing this forum as a platform for encouraging innovation and excellence in public finance and strengthening financial cooperation between Arab countries and participating nations. This collaboration will help realize the financial aspirations of governments and their developmental goals.' He also explained the organization's role in managing various Arab awards and its capacity-building and developmental role in organizing events and activities that contribute to enhancing government work across Arab countries. Dr Al-Hatlan affirmed that these financial events will continue on the sidelines of the Award, stimulating participants to contribute positively to developing government financial work in the Arab world. Forum sessions The forum's activities began with an introduction to the Sharjah Public Finance Award and opening remarks. This was followed by the forum's main session, which featured speeches by His Excellency Yasser Sobhi, Deputy Minister of Finance of Egypt; His Excellency Dr Mahmoud Mohieddin, Special Envoy of the UN on Financing the 2030 Agenda for Sustainable Development; His Excellency Dr Mohamed Maait, Executive Director and Representative of the Arab and Maldives Group at the IMF; and Dr Abdullah Khaled bin Rabian, Financial and Economic Consultant from Saudi Arabia. The speakers discussed advanced strategies for managing public debt and the factors impacting sustainability in light of the changing economic landscape, offering practical solutions for successful public debt management. The session was moderated by Dr Nasser Al-Hatlan Al-Qahtani. The forum's program also featured discussions on successful public debt management projects by some Arab governments and Sharjah, along with dealing with the economic challenges of the Organisation of Islamic Cooperation (OIC) member states. Several key topics were covered, addressing challenges related to geopolitical shifts, the return of nationalism, trade wars, inflation, and chronic debt. A number of experts, specialists, and researchers presented papers on public debt management and public finance, and Dr Hassan Diab delivered the forum's concluding statement.
Business Wire
3 days ago
- Business
- Business Wire
Star Mountain Capital Founder & CEO Brett Hickey Receives Corporate Social Responsibility Award from the Foreign Policy Association
NEW YORK--(BUSINESS WIRE)--Star Mountain Capital, LLC ('Star Mountain'), a specialized, employee‑owned private‑markets firm with over $4 billion in assets under management ('AUM'), is pleased to announce that its Founder & Chief Executive Officer, Brett Hickey, has been honored with the Corporate Social Responsibility Award by the Foreign Policy Association ('FPA') at its annual dinner held on June 5, 2025 at the Harvard Club of New York City. This year's event gathered leaders from business, academia and public service. 'Tonight's recognition is about civic and social responsibility. The businesses we partner with aren't just economic units; they are the fabric of American communities. When they thrive, entire families and neighborhoods benefit.' Share Fellow honorees included Bob Sternfels (Global Managing Partner, McKinsey & Company), James Daunt (CEO, Barnes & Noble) and Pradeep K. Khosla (Chancellor, UC San Diego). 'Tonight's recognition is about civic and social responsibility. The businesses we partner with are not just economic units; they are the fabric of American communities. When they thrive, entire families and neighborhoods benefit,' said Brett Hickey during his acceptance remarks. Peter Scaturro, Director of the Foreign Policy Association and a Senior Advisor to Star Mountain, added, 'Brett has channeled his competitive athletic drive, coupled with his small-town culture of caring for his community, to build an investment platform that strengthens small businesses and the neighborhoods they call home. His leadership exemplifies corporate citizenship at its finest.' About the Foreign Policy Association Founded in 1918, the FPA is a non‑partisan organization dedicated to inspiring public interest and informed opinion about U.S. foreign policy and global issues. Through its programs and publications, the Association engages citizens and leaders alike in the foreign‑policy process. About Star Mountain Capital With over $4 billion in AUM (committed capital including debt facilities as of 5/31/2025), Star Mountain specializes in providing scalable and data-driven investment solutions across two core strategies: Direct Investments: Providing debt and equity capital to established lower middle-market businesses. Secondary Investments: Acquiring LP interests, direct assets, and making primary LP commitments. Star Mountain's investors include public and private pensions, insurance companies, commercial banks, endowments, foundations, family offices, and high-net-worth individuals. Employee-owned and sharing profits with 100% of its U.S. full-time employees, the firm prioritizes alignment of interests to maximize value for stakeholders. Since 2010, Star Mountain has completed over 300 direct investments and 50 secondary/fund investments in the North American lower middle-market. The firm has been recognized as one of the Inc. 5000 fastest-growing private companies and a Best Place to Work by Crain's New York Business and Pensions & Investments. For more information, visit Legal Disclaimer: This press release does not constitute an offer to sell or a solicitation of an offer to purchase interests in any investment product. Awards and recognitions by third-party rating agencies, companies, or publications should not be interpreted as a guarantee of future results or performance. They should not be considered as an endorsement, recommendation, or referral of Star Mountain Capital or its representatives by any client or third party. Rankings published by media and industry organizations are based on information provided by the recognized advisor. Additionally, readers should understand that past performance is not indicative of future results. Award descriptions and selection methodologies may vary. Awards and Recognition Disclosure: Star Mountain Capital's awards and recognitions are based on third-party evaluations and criteria, which may be subjective. These honors do not imply a guarantee of future performance or an endorsement by current or past clients. Ranking Methodologies: Crain's Best Places to Work: Evaluations were conducted through a two-part process, assessing workplace policies, practices, and employee satisfaction via surveys. Participation required a fee solely for survey processing purposes. More details are available at Crain's eligibility criteria. Pensions & Investments Best Places to Work: Companies were evaluated based on surveys measuring employee engagement (75%) and employer policies (25%). Participation required a minimum of 20 U.S. employees and $100 million in discretionary assets under management. Further details can be found at P&I eligibility criteria. Inc. 5000 Rankings: Companies were ranked based on revenue growth from 2019 to 2022. To qualify, firms had to be U.S.-based, privately held, and independent, with revenue thresholds of at least $100,000 in 2019 and $2 million in 2022. More details are available at Inc. 5000 criteria.
The Hindu
12-06-2025
- Business
- The Hindu
Perundurai SIPCOT landowners seek compensation as per High Court order
Members of the Perundurai SIPCOT Affected People Welfare Association have urged Chief Minister M.K. Stalin to ensure compensation for 350 acres acquired in 1991 for the Perundurai SIPCOT project, in line with a Madras High Court order. The members submitted a petition through Minister for Housing, Prohibition, and Excise, S. Muthusamy, during the CM's visit to Perundurai on Wednesday. The petition said the State government had acquired 2,709 acres from farmers in Ingur and Perundurai villages three decades ago to establish the SIPCOT Industrial Growth Centre. While 2,350 acres were acquired through direct purchase, the remaining 350 acres were acquired under the Land Acquisition Act of 1894 through an Award, due to procedural hurdles. For directly purchased land, the compensation paid was ₹60,000 to ₹1.20 lakh per acre in Ingur and ₹1.50 lakh to ₹2 lakh per acre in Perundurai. However, for land acquired through the Award, only ₹29,700 per acre in Ingur and ₹34,100 per acre in Perundurai was paid, the amount deposited in court based on government valuation. Challenging this disparity, affected farmers filed eight cases. The district court ruled in favour of the farmers, ordering enhanced compensation ranging from ₹1.80 lakh to ₹2.50 lakh per acre for about 69 acres. The government and SIPCOT appealed, but the Madras High Court upheld the lower court's ruling in its final verdict on March 6, 2012, directing payment of the revised amounts. The petition alleged that even after the High Court verdict, SIPCOT had not fully disbursed the compensation. In several other cases, it said, the government and SIPCOT delayed proceedings by not filing responses, leaving many claims pending. Some farmers, it added, were unable to pursue legal remedies due to lack of documents, award copies, or awareness, or because of expired deadlines. Citing Section 28A of the Land Acquisition Act of 1894, the association urged the government to re-determine the compensation, ₹2.50 lakh per acre as base land value, plus 30% solatium, 12% additional market value, and 15% interest as per the court order. The revised compensation should be formalised through a Government Order and distributed to all affected farmers, the petition said. The petition also highlighted that SIPCOT currently leased land at ₹81 lakh per acre for industrial purposes and ₹1.62 crore for commercial use. Over 100 families, it said, lost their livelihood without receiving compensation and suffered for three decades. The association requested the CM's immediate intervention to resolve the issue.
Mint
12-06-2025
- Business
- Mint
Shakti Pumps share price jumps 4% after receipt of ₹115 crore order from Maharashtra Energy Department
Stock Market Today: Shakti Pumps share price gained 4% during the intraday trades on Thursday after it announced the receipt of ₹ 115 crore order from Maharashtra Energy Department . Shakti Pumps (India) Limited informed the investors through its filings on the exchanges on Thursday 12 June 2025 about the order book update. The Shakti Pumps intimated the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange of India having received a Letter of Award from Maharashtra Energy Department Agency (MEDA). The scope of order received by Shakti Pumps or Letter of Award from Maharashtra Energy Department Agency is for 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS). The scope of work includes Design, Manufacture, Supply, transport of the Solar Photovoltaic Water Pumping System. The Solar Photovoltaic Water Pumping System are to be installed at various locations across the State of Maharashtra. These SPWPS installed by Shakti Pumps will be under MNRE Component-B of PM-KUSUM scheme. The works or the project has to be completed by Shakti Pumps within 90 days from the date of issuance of work order. The total amount of the work order is for around Rs. 114.58 Crores (inclusive of GST). Shakti Pumps share price opened at ₹ 973.70 on the BSE on Thursday. The Shakti Pumps share price at the time of opening was up close to 10% over the previous days closing price of ₹ 965.45 . Shakti Pumps share price there after continued to rise and post the announcement of work order receipt touched intraday highs of ₹ 1010 , which translated into gains of 4.6% during the intraday trades for Shakti Pumps share price. This was despite weakness in the Stock market and on the day when Sensex was down more than 0.45%.
