Latest news with #SFD
Leaders
12 hours ago
- Business
- Leaders
Georgian Prime Minister Meets CEO of Saudi Fund for Development
Prime Minister of Georgia, Irakli Kobakhidze, held a meeting with Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development (SFD). As part of his visit, Al-Marshad also met with key Georgian officials, including First Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Minister of Finance Lasha Khutsishvili, and Minister of Infrastructure Revaz Sokhadze. The meetings centered on strengthening development cooperation between Georgia and the SFD. Discussions focused on supporting and financing projects across multiple sectors to drive growth and unlock strategic opportunities within the country. Related Topics : Saudi Arabia's Cultural Development Fund to Showcase Cultural Innovation at Expo 2025 Osaka A Look into the Tasks of Saudi National Development Fund Chambers Federation Discusses Launch of Georgian Bank in Saudi Arabia Saudi Crown Prince receives Georgia's Prime Minister in Riyadh in an official session of talks Short link : Post Views: 1 Related Stories
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.
Borneo Post
a day ago
- Science
- Borneo Post
Exploring wonders of northern Meliau Range in Central Sabah
Bukit Masasau is one of the highest hills in the northern part of the Meliau Range, with an elevation of over 800 metres. Introduction THE ultramafic land in Sabah covers approximately 4.6% of the landmass, highlighting its limited yet significant geographical extent. Although low in nutrient and high in minerals, this area holds considerable biodiversity importance, serving as a critical habitat for hyperendemic plants found exclusively in this region. One of the ultramafic localities in the Beluran district is the Meliau Range, which was formerly a Class II production forest reserve, has been re-gazetted as a Class I protection forest reserve in 2015 due to its significant importance in biodiversity and the provision of ecosystem services. This 22,932 ha-protected area, administered by the Beluran District Forestry Office, is partly bordered by oil palm plantations to the north and the production forest of Ulu Tungud Forest Reserve to the south. Little is known about the northern part of the Meliau Range Forest Reserve (FR) in central Sabah, unlike the southern part, which was explored 20 years ago. Hence, an expedition to study the flora and fauna, as well as the communities living near the northern part of the Meliau Range was organised by the Forest Research Centre (FRC) of the Sabah Forestry Department (SFD), in April, 2025. The Chief Conservator of Forests, Datuk Frederick Kugan. As emphasized by the Chief Conservator of Forests, Datuk Frederick Kugan, such documentation of biodiversity and communities would provide essential baseline information for the department's sustainable forest management, under the Heart of Borneo Initiative. The expedition was led by Mr John Sugau and Mr Razy Japir from FRC Sepilok, with assistance from Mr Abdul Jamal Ibrahim, Beluran District Forestry Officer, and his assistant, Mr Moses Matuin. SFD researchers conducted various research disciplines during the expedition. Researchers from the Forest Research Institute Malaysia (FRIM) and UiTM also participated on selective collaborative projects with SFD. Soils and topography The locality features rugged mountains and hills with steep slopes and sharp ridges, making landslides a common occurrence. The soils mainly originate from ultramafic rocks characterised by high magnesium and iron content but low silica content. These soils are typically thin and contain high concentrations of heavy metals, like nickel, chromium, and cobalt, which can be detrimental to many plant species. Essential nutrients, such as calcium, potassium, and phosphorus are often deficient in these soils. Despite these challenging conditions, certain plant species have adapted to thrive in ultramafic environments (known as serpentinophytes), leading to the development of unique plant communities with a high degree of endemism. Location of Meliau Range FR in central Sabah. Forest Ecosystems The Meliau Range FR comprises four main forest ecosystem types, namely Lowland Mixed Dipterocarp Forest, Lowland Ultramafic Forest, Upland Ultramafic Forest, and Lower Montane Ultramafic Forest. In the northern part of the reserve, the low-lying areas near the boundary have been significantly impacted by past logging activities. In contrast, the upland ultramafic forest shows minimal disturbance, with two distinct conditions observed between 400 and 700 metres above sea level: shallow, rocky soils support smaller tree structures, while areas with deeper soils support larger trees. Around 700 metres above sea level, a transition to lower montane forest is marked by the presence of mosses growing on dead logs and the base of trees. Overall, aside from the low-lying areas, the northern part of the Meliau Range retains an intact ultramafic ecosystem that is unique to Sabah and the island of Borneo. Bornean endemic Nepenthes veitchii found along the ridge top and peak of Bukit Masasau. The rare Chewlunia sabahensis (Rubiacae) is only found in Sabah. Bornean endemic Seraya kuning keladi, Richetia laxa. Plant Diversity A total of 168 herbarium specimens were collected during the expedition and are in the process of identification. Among these collections, there may be at least two potentially undescribed species from the Rubiaceae and Araceae families. A researcher from FRIM also discovered one interesting fern species, Sphaerostephanos sp. but yet to be identified. Other interesting botanical findings were the Sabah endemic pitcher plant (Nepenthes macrovulgaris), which is restricted to ultramafic areas and the Borneo endemic Phyllanthus balgooyi (Phyllanthaceae), is native to Palawan and Sabah. pitcher plant (Nepenthes veitchii), which is a robust plant with a unique tree climbing habit. The rare Chewlunia sabahensis (Rubiacae) is also found there. Interestingly, Seraya kuning keladi, Richetia laxa (Dipterocarpaceae), which is endemic to the northern parts of Borneo and a Vulnerable species, is very common around the area. In Sabah, this species is only known from the central part of Sabah in Beluran and Tongod districts. The team from UiTM recorded six nickel hyperaccumulator plant species. These include Phyllanthus balgooyi (Phyllanthaceae), which has the second highest concentration of Ni (with more than 16% with Ni) in any living material in the world, after Pycnandra acuminata (Sapotaceae) from New Caledonia, which contains 25% Ni in its latex. P. balgooyi thrives in semi-open areas on ridges within the Meliau Range. Group photo of the participants. Besides plants, a fungal survey was conducted, recording diverse species. These findings mark new fungal distribution records for Meliau Range FR, highlighting the area's previously undocumented fungal biodiversity. Notably, a species of Amauroderma was recorded, adding significant value to Meliau's biodiversity as no previous records existed for this genus in the area. Other interesting findings include the delicate Mycena, leathery Microporus, colourful Russula, elegant cup fungus Cookeina, and the blackened wood-decomposer Xylaria. Wildlife Diversity The expedition documented 18 mammal species from 11 distinct families. Among these, the Red-leaf Monkey and the Thick-spined Porcupine are exclusive to Borneo. Six recorded species are deemed threatened according to the IUCN Red List, including the Vulnerable Red-leaf Monkey, which is endemic to Borneo. Poaching presents a continuing threat, as signs of wildlife traps were found near the reserve's border. Furthermore, illegal littering, particularly plastic waste, has been observed within the reserve. The Great Argus pheasant, Argusianus argus (Male). During the bird survey, a total of 90 bird species were documented, including 1 Critically Endangered, 4 Vulnerable, and 16 Near Threatened species according to the IUCN Red List. Among the most significant records were two Vulnerable hornbills—the Rhinoceros (Buceros rhinoceros) and the Black Hornbill (Anthracoceros malayanus)—which rely on large, mature trees for nesting and foraging. Their presence indicates that elements of primary forest structure continue to exist in the landscape. Near Threatened-listed species, such as the Red-naped and Diard's Trogons, Great Argus, and Bornean Black Magpie further suggest that the forest maintains sufficient canopy continuity and vertical complexity to support birds associated with intact lowland forest. Particularly noteworthy was the detection of the Critically Endangered Malaysian Blue-banded Kingfisher (Alcedo peninsulae), a species closely linked to undisturbed, shaded streams. Its presence emphasises the hydrological integrity of the site and enhances the conservation significance of Meliau Range. Bornean endemic frog, Meristogenys jerboa. The species richness and diversity of freshwater fish and anurans were studied specifically along the tributaries of the Tungud River. The assessment documented a total of 33 freshwater fish and frog species, consisting of 15 fish and 18 anurans. Notably, the findings highlight the ecological significance of the area as a refuge for several Bornean endemic species. Among the fish recorded, nine species are endemic to Borneo, with Lobocheilos erinaceus and Gastromyzon borneensis currently listed as Near Threatened according to the IUCN Red List, emphasising the need for ongoing monitoring and habitat protection in the region. A total of 12 Bornean endemic species of anurans were recorded. Of particular conservation interest is Meristogenys jerboa, which is currently listed as Vulnerable by the IUCN. Its presence in Meliau Range calls for proactive measures to safeguard the area's ecological integrity. The diversity and presence of both endemic and threatened species suggest that the riparian ecosystems within the Tungud River remain relatively intact and healthy. Bornean endemic damselfly, Libellago phaeton. For the insect survey, one notable insect that has been recorded is the Bornean endemic damselfly, Libellago phaeton. This species belongs to the family Chlorocyphidae and is currently listed as Near Threatened on the IUCN Red List. Other Bornean endemic insects are a moth from the family Erebidae, Micromorphe oculata and a flower chafer, Ixorida regia bicolor. The 'exploding ant', Colobopsis saundersii, was also recorded here. It is a unique ant that is willing to sacrifice itself when it is threatened. Its defence mechanism involves secreting a sticky, toxic fluid from the body. It is so called because it appears to explode when releasing the yellow secretion from its body. Socio-economic aspects The findings revealed that the stakeholders operating near the Meliau Range FR, including plantation companies, demonstrate a significant reliance on the natural water resources flowing from the forest reserve. Rivers originating from the Meliau Range serve as critical water sources not only for estate operations — such as daily use, agricultural activities, and domestic supply — but also for surrounding communities. These include various villages that depend on clean river water for their daily needs. Across the board, plantation representatives acknowledged the importance of these rivers in sustaining both livelihoods and ecosystem balance. Their awareness of the forest's ecological role extends beyond water, as they recognise the Meliau Range as a critical habitat for wildlife, a source of clean air, and a potential ecotourism asset. Despite some operational challenges, such as human-wildlife conflict and unclear boundaries, stakeholders collectively voiced support for preserving the forest reserve. Crystal clear water of Sg Labuk – originating from the Meliau Range, serve as critical water sources for the communities living within the area. Conclusion This scientific expedition is essential for gathering first-hand information for forest conservation. The reserve boasts exceptional biodiversity and is home to numerous endemic and threatened species. Datuk Kugan elaborated that the discoveries and findings will further bolster Sabah's reputation as a global biodiversity hotspot and highlight the importance of protecting the lesser-known life forms in Borneo's rainforests. The reclassification of Meliau Range Forest Reserve as a Class I forest reserve is a prudent decision by the Sabah Forestry Department to preserve and conserve these high-conservation-value forests.
Sharjah 24
13-06-2025
- General
- Sharjah 24
SFD hosts 'Document Caravan' to mark Int'l Archives Week
SFD's Head of Documentation and Archives, Aisha Liwad, emphasises the need to preserve institutional advancement and reflect organisational change through records. She stated that the department's engagement aims to promote institutional archiving and preserve records relevant to Sharjah's history, as well as raise employee understanding of the importance and proper treatment of such resources. Transparency and efficiency Liwad emphasised that comprehensive documentation promotes operational efficiency and transparency and provides quick access to information when needed, resulting in more informed decision-making that fits with the Sharjah government's administrative excellence aims. Exhibition and workshop The event featured a "The First in Sharjah" exhibition that highlighted major milestones and achievements. A session titled "The Document is a Trust" taught participants about document types, preservation procedures, and international standards, emphasising the importance of archives in research, decision-making, and historical analysis. Encouraging staff contributions SFD encouraged personnel to contribute to archives by highlighting key publications from the House of Documentation and inviting them to submit old or unusual documents to expand the emirate's historical record. The department underlined its commitment to collaborating with expert entities to improve government document management and integrate documentation into its institutional identity.
Yahoo
08-06-2025
- Yahoo
Men face massive fine after authorities uncover disturbing operation during routine traffic stop: 'The number of cases ... is appalling'
Five men were caught smuggling five truckloads of illegal logs in the Malaysian state of Sarawak. According to the Sarawak Tribune, the Forest Department of Sarawak discovered the illegal logs during a routine raid in the Bintulu area on April 25. They found five trucks full of various species and sizes. SFD director Datuk Hamden Mohammad said in a statement, "Four local men and one Indonesian were detained for inspection. … None of the drivers were able to produce valid documents of ownership for the logs." It's estimated the haul was worth RM275,00 ($64,400 USD). The high value of timber has made illegal logging in Malaysia rampant. In 2022 alone, 90 cases of illegal logging were recorded, per Wiki Impact. Of those, 60 were in the Sarawak region. According to Global Forest Watch, Malaysia has lost roughly 32% of its tree cover between 2000 and 2024. The country is at risk of losing another 16% of forest cover due to the government allowing timber and palm oil harvesting, per Wood Central. Deforestation drastically accelerates changes to the climate. Forests act as carbon storehouses. When cut down, planet-heating carbon is released into the atmosphere. This increases temperatures and contributes to air pollution. The five men will be charged in court under Section 96 of the Forests Ordinance 2015 for unlawful possession of logs. Policies like this ordinance are crucial to keeping the planet cool and clean. With the government making concessions on environmental policies and authorities overlooking illegal logging, deforestation and the changing climate will worsen. Gurmit Singh, the Technology and Development Malaysia chairman for the Centre for Environment, said, "The number of cases might be higher as not all are reported or identified. The main cause is corruption in the Forestry Department. As long as you allow that to continue, enforcers themselves turn away from these activities," per Wiki Impact. Sahabat Alam Malaysia president Meenakshi Raman said, "The fact that the number of cases in Sarawak is high is appalling. This signals that the authorities are not doing their job because if they are monitoring and enforcing, then it would not go on." Should the government be paying people to hunt invasive species? Definitely Depends on the animal No way Just let people do it for free Click your choice to see results and speak your mind. In the case of these five men, the authorities were on the ball. Voicing support for environmental policies can safeguard these precious resources. From advocating for change to showing support for local initiatives, the public's influence on conserving the environment is powerful and essential. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
