A fire in a Senegalese hospital results in the death of 11 babies

A fire in a Senegalese hospital resulted in the tragic death of 11 babies, as mothers emerged in tears after the horrific incident. Ndeye Absa Gueye and Diali Kaba rushed to the hospital where Kaba’s two-week-old daughter was being cared for, and 11 babies lost their lives. Following other incidents at hospitals in Senegal, the tragedy in Tivaouane angered the nation.

A fire in a Senegalese hospital results in the death of 11 babies

According to the report, she heard about the fire at the Mame Abdou Aziz Sy Dabakh hospital during the night. However, she didn’t realize it was inside the neonatal unit, which was in the neonatal ward. In the early hours of Thursday morning, she was informed of the news. President Macky Sall confirmed the death of 11 babies that shocked the city late on Wednesday night.

The Minister of Health Abdoulaye Diouf Sarr told the private Senegalese TV station TFM that preliminary investigations suggested that the fire had been caused by a short circuit. Other details about how the disaster unfolded were not provided by the authorities. The COVID-19 pandemic has stretched many underfunded and understaffed African hospitals beyond their capacity, leaving them unable to maintain acceptable safety standards.

OPEC Fund to lend US$25 million to develop Latin American infrastructure

OPEC Fund for International Development (OFID) and Corporacion Interamericana para el Financiamiento de Infraestructura (CIFI) have signed a $25 million loan agreement to finance the development of private sector infrastructure in Latin America and the Caribbean (LAC).

OPEC Fund to lend US$25 million to develop Latin American infrastructure

There is a need for more investments in the region’s infrastructure. CIFI will promote private sector involvement in infrastructure development, support mid-size projects across the energy, water, and sanitation sectors, transport, and telecommunications sectors, and improve the quality of life for residents. It contributes to the Sustainable Development Agenda.

Around 60 percent of infrastructure development in Latin America and the Caribbean is financed by the public sector. OFID was established by 13 OPEC members, including the United Arab Emirates, in January 1976. The development finance institution provides aid to developing countries.

El-Sisi meets with African State Councils and Supreme Administrative Courts

President Abdel Fattah El-Sisi met with representatives of African State Councils and Supreme Administrative Courts in Egypt to discuss the establishment of the Union of State Councils and African Supreme Court. The celebration coincides with the State Council’s Diamond Jubilee celebrations, marking 75 years since its establishment. This is accompanied by participation by Minister of Justice Omar Marwan, and Chairman of the State Council Mohamed Hossam El Din.

El-Sisi meets with African State Councils and Supreme Administrative Courts

Egypt’s President reiterated that his country is keen to support the independence of the judiciary, including the administrative judiciary. He also encouraged his country to strengthen its role and position, since justice is a fundamental pillar of society and a guarantee of security and peace. Accordingly, the Egyptian constitution has been keen to affirm the independence of the judiciary and to prevent interference with it.

A wide range of issues were raised during the open dialogue with the President, mainly combating terrorism on the continent as a basic necessity given its threat to stability. African states and communities, together with the judiciary, must play a leading role in fostering coordination among African countries to build a unified and homogenous legislative environment, and thus advance the process of formulating a common future for Africa.

US, Saudi Arabia discuss space partnerships, investment

Currently in the U.S. for an official visit, Saudi Space Commission (SSC) Chairman Eng. Abdullah bin Amer Al-Sawaha held a number of meetings with CEOs of U.S. space companies to exchange experiences and increase joint capabilities. Dr. Mohammed bin Saud Al-Tamimi, the acting CEO of the Saudi Space Commission, attended the meetings.

US, Saudi Arabia discuss space partnerships, investment

Eng. Al-Sawaha met with Michael Suffredini, president, CEO and co-founder of Axiom Space, Inc., and Peter Canetto, the CEO of Redwire. In the meetings, different themes were discussed, including exchanging experiences and technologies related to microgravity platforms, joint cooperation to localize the satellite industry, and enhancing joint ability to discover space debris.

Arabian Travel Market to open next week in Dubai

Tourism professionals from around the world will return to Dubai next week. This is when the Arabian Travel Market, the leading event for the Middle East’s travel industry, returns on Monday, 9th May. During the four-day tourism showcase, which concludes on Thursday, 12 May, the show will welcome more than 20,000 visitors and 1,500 exhibiting companies from 112 countries ranging from Japan to Jamaica and South Africa to Italy.

Arabian Travel Market to open next week in Dubai

Meetings between industry professionals will be held to discuss the latest trends in travel, such as technology, transport, sustainability, events, and business. In line with the theme of ATM 2022, Future of International Travel and Tourism, exhibitors and attendees will be able to share details, brochures, and marketing materials via innovative scanners and badges, eliminating the need for business cards.

Another highlight of the technology focus will be the revamped and rebranded ATM Travel Tech event, previously called Travel Forward. NEOM will present a variety of exciting sessions, including its vision and strategy for creating memorable experiences. In addition, Emaar Entertainment will examine the future of visitor attractions, travel trends, and what’s next in distribution, attraction tech, and guest experiences.

There will also be in-depth buyer forums dedicated to India and Saudi Arabia, live interviews with aviation and hospitality experts, and the return of ILTM Arabia. Taking advantage of the growth of regional tourism investment, the ATM-ITIC Middle East Summit will tackle access to project finance in the post-COVID-19 era as well as a high-profile ministerial session. After the success of ATM’s hybrid approach during the global pandemic, the third edition of ATM Virtual will be held from Tuesday, 17th to Wednesday, 18th May 2022.

Citigroup Inc employee error wiped out $315 billion from Europe stocks

After a sudden 8% decline in Swedish stocks, Citigroup Inc. said its London trading desk caused a flash crash in Europe that sent shares across the continent tumbling. A trader at the New York-based bank made an error when entering a transaction this morning, the bank wrote in a statement. The error was corrected shortly after the mistake was found.

Citigroup Inc employee error wiped out $315 billion from Europe stocks

Citigroup is in discussions with regulators and exchanges about the incident, reveals a person familiar with the matter who requested anonymity in order to discuss non-public information. The OMX Stockholm 30 Index experienced a knee-jerk sell-off, which knocked over the main European indices by as much as 3% in less than five minutes, wiping out 315 billion euros at one point in time.

Nasdaq Stockholm spokesman said the short-lived slump was not a technical glitch. “Our first priority was to rule out technical problems with our systems, and our second priority was to rule out external attacks on them. “We have now excluded both,” said Nasdaq Stockholm spokesman David Augustsson. “A very substantial transaction by a market participant is clearly the driving force behind this move in the market,” he confirmed.
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