Dubai: 23 NRIs lose passports in New Year fire; get exit papers

Dubai, Jan 8: At least 23 Indians affected in the New Year's Eve fire at the Address Downtown Hotel have left the country on emergency exit papers issued by the Indian Consulate in Dubai after they lost their passports in the blaze.

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The belongings of hundreds of hotel guests and residents (including owners and tenants residing in the hotel apartments) in the 63-storey hotel were affected in the fire. The blaze had raged through 40 floors upwards after starting off in the 20th floor a couple of hours before the stunning New Year fireworks at the Burj Khalifa started.

The hotel authorities had coordinated with various embassies and consulates to assist the guests who lost their passports in the fire to travel back to their destinations. In a statement issued last week, Mohamed Alabbar, chairman of Emaar Properties, thanked various embassy and consulate officials in the UAE for their support in facilitating the travel and documentation process for the hotel guests.

The Indian Consulate had set up a special helpline to address queries. The website of the mission continued to scroll the helpline number and email address for contact even until Thursday.

When contacted, an official in charge of the team assisting the fire victims told Khaleej Times the mission had assigned a team of officials to assist the fire victims, and helped many hotel guests leave the country by issuing an emergency certificate, also known as out-pass.

"We had visited the site to enquire about the welfare of the Indians affected in the fire ... and we had been in touch with the hotel authorities," the spokesperson said.

The hotel management, he said, informed the mission that at least 72 occupants were Indian nationals. "We assume they are guests who booked the hotel rooms for New Year celebrations and could have one or more family members also with them."

However, not all of them required help with travel documents. "We issued ... the out-passes for those who lost their passports. Only 23 applications came in for these emergency certificates."

He said the applicants had produced soft copies of their damaged or lost passports as proof. "Most of them had come down from India and a handful of them came from elsewhere, probably."

However, he said the mission has not yet received any applications from the Indian residents in the hotel apartments. "So far, we have handled the applications of only those who came on visit visas."

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Saudi Arabia slashes oil prices after collapse of OPEC+

Arab News

March 9,2020

Dubai, Mar 9: The eyes of the world will be on the oil markets when the big trading hubs in Europe and North America open following the end of the deal between Saudi Arabia and Russia that has helped to sustain crude at relatively high levels for the past three years.

There were big falls on Friday when ministers from the Organization of the Petroleum Exporting Countries (OPEC) failed to get a deal with non-OPEC members — the so-called OPEC+ — to extend output agreements. Brent oil was down nearly 10 percent at $45.27 going into the western weekend.

Saudi Aramco took immediate action to cut prices after the OPEC+ collapse, offering big discounts for crude deliveries from next month, when the current output restrictions end.

According to a notification sent to customers by Saudi Aramco, seen by Arab News, the Kingdom’s oil giant will cut between $4 and $8 per barrel, with the biggest discounts being offered to buyers in northwest Europe and the US.

Roger Diwan, an oil analyst at consultancy IHS Market, said: “We are likely to see the lowest oil prices of the past 20 years in the next quarter.”

West Texas Intermediate, the US oil benchmark, fell to $28.27 in November 2001.

The move raises the possibility of a “crude war” between the three biggest oil blocs — the US, Russia and the Arabian Gulf. Some analysts believe the American shale industry is more vulnerable to low prices than either the Russians or the Saudis.

Robin Mills, head of the Qamar consultancy, told Arab News: “I don’t think this was premeditated but Saudi Arabia has clearly swung quickly into action to put the Russians under pressure. But the Russians, with low debt and a flexible exchange rate, can cope with a few months of low prices.”

The boom in US shale has made the country the biggest oil producer in the world, but with high financing costs. Lower global prices would put a lot of shale companies out of business.

On the other hand, American motorists, and President Donald Trump, would be pleased to see lower fuel prices in an election year.

In Moscow, one prominent financier with ties to the Kingdom played down the long-term significance of the Vienna fallout.

Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, told Arab News: “Saudi Arabia is our strategic partner, and cooperation between our two countries will continue in all areas. We will also continue to work within the framework of the Russia-Saudi Economic Council.”

One Russian official, who asked not to be named, added: “There is a good relationship between Alexander Novak, Russian energy minister, and his Saudi counterpart Prince Abdul Aziz bin Salman, and I am sure they will continue talking to each other less formally.”

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