DUBAI: Drake & Scull (DSI) on Sunday said that Majid Saif Al-Ghurair, company’s chairman, has resigned from his position.
The Dubai-listed company, in a short statement to the bourse, said that Al-Ghurair has resigned from the chairmanship and membership of the board of directors for “personal reasons.”
“The BOD [board of directors] will elect a new chairman during the next BOD meeting,” the company said.
In a separate statement to the Dubai bourse, DSI said it would hold its next BOD meeting on Tuesday, September 12, to elect a new chairman and vice chairman.
The company earlier elected four new board members to fill the vacant positions, including the one left by then-executive vice chairman and CEO Khaldoun Al-Tabari, in an assembly meeting on Saturday, September 10.
The new board members, Ahmed Al-Kilani, Abdulla Atatreh, Ahmed Saeed Al-Hamiri and Saad Albastaki, will complete the term of their predecessor, DSI said.
Drake & Scull chairman resigns
Drake & Scull chairman resigns
India seals $3bn LNG agreement with UAE
- Leaders hold talks to strengthen trade, defense ties
NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.
The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian Prime Minister Narendra Modi.
They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.
Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.
ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.
“India is now the UAE’s largest customer and a very important part of ADNOC Gas’ LNG strategy,” the company said.
The UAE is India’s third largest trading partner and Sheikh Mohammed was accompanied by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.
Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.
“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in particular ways in the conflicts of the region,” he said.
