Dubai-based business group to bid for Israeli airline

Agencies
October 14, 2020

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Dubai, Oct 14: A Dubai-based business group with interests spanning private aviation, jewellery and diamonds announced that it would be making a bid to purchase Israir, Israel's third-largest airline.

NY Koen Group, founded by Ukrainian businessman Naum Koen, said in a statement that his group is "excited about the potential purchase of Israir and the opportunities this presents" at the upcoming auction.

Koen, said Aero Private Jet, a subsidiary of NY Koen Group, has a great deal of experience in the field of business aviation and sees the purchase of Israir as a chance to expand their services.

"Through the years of experience the company's subsidiary has accrued, and NY Koen Group's reputation in the area, Israir stands to gain a great deal should they succeed in purchasing the company," said Koen.

Founded in 2010, NY Koen Group and its subsidiary companies are involved in sectors including jewellery and diamond manufacturing, private aviation, digital marketing and IT, construction, security, and interior design.

The auction for Israir closes on November 8. So far, the only bid to buy the airline was made by Israeli businessmen Rami Levy and Shalom Haim, who had reportedly offered NIS70 million.

Israir, which is also the biggest tour operator in Israel, is planning to launch flight to Dubai and Abu Dhabi. "NY Koen Group as one of the most trusted, experienced and well-known companies in the area, is in a unique position to develop Israir and allow the airline to expand its operations in the area," Koen said in his statement.

He said the Israeli airline has a reputation for being a one-stop shop for all flights, hotel bookings, transfers and other ground services. Israir, which flies over a million passengers per year on both international and domestic flights, also operates chartered flights to various popular destinations across Europe.   Aero Private Jet, which is based in Dubai and Kiev, has been in the business aviation sphere since 2003. "The company cooperates closely with the largest operators and private owners of business jets across the globe and has access to over 7,000 planes and 4,000 airports. The airline is responsible for over 3,200 flights," said Koen.

Aero Private Jet offers a full range of services, helping organise VIP flights for both business and leisure, along with individual customer service.  

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News Network
October 17,2020

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Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met members of the BAPS Swaminarayan Sanstha, the organization working on constructing the first Hindu temple in Abu Dhabi, earlier this week.

Pavan Kapoor, the Ambassador of India, was also present at the meeting held in Al Alin.

During the meet, discussions were held on on global harmony, universal values and the historic BAPS Hindu Mandir upcoming in the UAE. In an Instagram post, BAPS wrote: “In these challenging times of the Covid Pandemic, such a project of global harmony will regenerate faith and hope, celebrating the unique friendship of India and the UAE and their dedication to progress and peace.”

Sheikh Abdullah also learned about the progress of the temple, whose foundation stone was laid in April last year.

On behalf of Mahant Swami Maharaj, a golden memento of the Mandir was gifted to Sheikh Abdullah.

The one-hour meeting, wrote BAPS, ”speaks volumes about The Crown Prince of Abu Dhabi, HRH Sheikh Mohammed Bin Zayed Al Nahyan's vision and commitment for a more inclusive, more peaceful and harmonious future.”

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News Network
October 18,2020

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Manama, Oct 18: Israel and Bahrain will officially establish diplomatic relations on Sunday at a ceremony in Manama, an Israeli official said, after the two states reached a US-brokered normalisation deal last month.

A visiting delegation from Israel and officials in Bahrain will sign a "joint communique (that) is the establishment of full diplomatic relations," an Israel official in Manama told reporters.

Once the text is signed at a ceremony scheduled for Sunday evening, Israel and Bahrain will be free to open embassies in each other's countries, the official said.

The United Arab Emirates and Bahrain became the third and fourth Arab states to agree to normalise ties with Israel, following Egypt's peace deal with Israel in 1979 and a 1994 pact with Jordan.

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News Network
October 19,2020

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Riyadh, Oct 19: Saudi Arabia announced a series of royal decrees on Sunday to restructure the Council of Senior Scholars, Shoura Council and Supreme Court.

The decrees appointed 20 people to the Council of Senior Scholars, the Kingdom’s highest religious body, which is headed by the Grand Mufti Sheikh Abdulaziz bin Abdullah Al-Sheikh.

Another royal decree ordered the restructuring of the Shoura Council with the appointment of Hanan bint Abdul Raheem Al-Ahmadi as assistant to the speaker and Mishaal bin Fahm Al-Salami as deputy speaker.

The decree appointed 150 members to the council for a period of four years and it will be headed by Abdullah bin Mohammed Al-Asheikh.

Khalid bin Abdullah Al-Luhaidan was appointed as president of the Supreme Court with the rank of minister.

Ghayhab bin Mohammed Al-Ghayhab has been named as an advisor to the royal court with the status of minister.

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