Our women excel in life, letting them drive will take time: Saudi minister

February 13, 2016

Munich, Feb 13: Saudi Arabia’s foreign minister defended his country’s treatment of women on Friday, saying it had made progress on female education but would take time to let them drive cars.

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“When it comes to issues like women’s driving, this is not a religious issue, it’s a societal issue,” Adel Al-Jubeir told an audience at the Munich Security Conference.

He said it was unfair to fixate on the issue of women drivers, given the Kingdom’s efforts to educate girls.

“We went from no schools for women in 1960 to universal education, to where today 55 percent of college students are women,” said Al-Jubeir.

“Some of our top doctors and engineers and lawyers and business people are women. The issue is one that is evolving just like it is in other countries.”

He compared Saudi Arabia to the United States, arguing that it took 100 years after America’s independence before women were given the right to vote, and another 100 years for it to elect its first female parliamentary speaker. “I’m not saying ‘Give us 200 years’. I’m saying ‘be patient’,” said Al-Jubeir.

“We hope that in the modern world with technology and communications that this process is accelerated, but things take time. We can’t expect to rush things.”

He also said that Daesh militants will only be defeated if Syrian President Bashar Assad is removed from power and this goal will ultimately be achieved.

Al-Jubeir called Assad the “single most effective magnet for extremists and terrorists in the region” and said his removal was crucial for restoring stability.

“That’s our objective and we will achieve it,” he said. “Unless and until there is a change in Syria, Daesh will not be defeated in Syria, period,” he added.

Separately, Iranian Foreign Minister Mohammed Javad Zarif said Tehran and Riyadh must overcome years of strained relations and work for stability in Syria and the Middle East.

Following Al-Jubeir’s speech, Zarif said: “We need to work together.” He added: “Iran and Saudi Arabia cannot exclude each other from the region,” he said. “We are prepared to work with Saudi Arabia ... I believe Iran and Saudi Arabia can have shared interests in Syria.”

In Damascus, Syrian tyrant Bashar Assad vowed to retake the entire country but warned it could take a “long time.” Hours before a new cease-fire plan was announced early Friday by world powers in Munich, Assad said he backed peace talks but that negotiations do “not mean that we stop fighting terrorism.”

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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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News Network
May 19,2020

Abu Dhabi: The United Arab Emirates today reported 873 new coronavirus cases, pushing the total number of COVID-19 infections in the country to 25,063.

Three more people have died from the virus, bringing the total death toll to 227, the ministry revealed, adding that a total of 1,214 COVID-19 patients have made full recovery, which takes the overall number of patients recovered to 10,791.

The latest coronavirus patients, all of whom are in a stable condition and receiving the necessary care, were identified after conducting more than 38,000 additional COVID-19 tests among UAE citizens and residents over the past few days, the ministry said.

It expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

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News Network
July 23,2020

Beirut, Jul 23: The pandemic will exact a heavy toll on Arab countries, causing an economic contraction of 5.7% this year, pushing millions into poverty and compounding the suffering of those affected by armed conflict, a U.N. report said Thursday.

The U.N.'s Economic and Social Commission for Western Asia expects some Arab economies to shrink by up to 13%, amounting to an overall loss for the region of $152 billion.

Another 14.3 million people are expected to be pushed into poverty, raising the total number to 115 million — a quarter of the total Arab population, it said. More than 55 million people in the region relied on humanitarian aid before the COVID-19 crisis, including 26 million who were forcibly displaced.

Arab countries moved quickly to contain the virus in March by imposing stay-at-home orders, restricting travel and banning large gatherings, including religious pilgrimages.

Arab countries as a whole have reported more than 830,000 cases and at least 14,717 deaths. That equates to an infection rate of 1.9 per 1,000 people and 17.6 deaths per 1,000 cases, less than half the global average of 42.6 deaths, according to the U.N.

But the restrictions exacted a heavy economic toll, and authorities have been forced to ease them in recent weeks. That has led to a surge in cases in some countries, including Lebanon, Iraq and the Palestinian territories.

Wealthy Gulf countries were hit by the pandemic at a time of low oil prices, putting added strain on already overstretched budgets. Middle-income countries like Jordan and Egypt have seen tourism vanish overnight and a drop in remittances from citizens working abroad.

War-torn Libya and Syria have thus far reported relatively small outbreaks. But in Yemen, where five years of civil war had already generated the world's worst humanitarian crisis, the virus is running rampant in the government-controlled south while rebels in the north conceal its toll.

Rola Dashti, the head of the U.N. commission, said Arab countries need to “turn this crisis into an opportunity” and address longstanding issues, including weak public institutions, economic inequality and over-reliance on fossil fuels.

“We need to invest in survival, survival of people and survival of businesses,” she said.

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