Expats grateful for Saudi generosity

September 23, 2014

Riyadh, Sep 23: Today is a proud moment for all the people residing in Saudi Arabia, which is celebrating its 84th National Day, the anniversary of the glorious unification by great visionary King Abdul Aziz Al-Saud, the founder of the modern Kingdom in 1932.Saudi generosity

Declared as a national holiday, the occasion is very special to the citizens as well as to the huge number of expatriates residing in this beautiful Kingdom to cherish all the gigantic achievements that have been accomplished in a country, whose religion is Islam, development a vision and justice a ruling method.

On this auspicious occasion, the Saudi citizens feel very grateful to the founding father for laying a strong foundation for the ongoing journey of the modern Kingdom and express their gratitude for all the great efforts he made to unify the Kingdom on the basis of Kalima e Shahadah, which the national flag bears with the Arabic testimony of the faith — “La ilaha il Allahu — Muhammadur Rasulullah — there is no god worthy of worship except the Almighty Allah and prophet Muhammad (peace be upon him) is His messenger.”

Expressing his sentiment, Waddah Abdul Kader Omran, a Saudi national working as manager with McDonald’s, Saudi Arabia, told Arab News: “I am thankful to Almighty Allah for bestowing safety and security on us as we live in complete solidarity and peace. We are fortunate that we got good leadership in King Abdul Aziz, the founder of our modern unified Kingdom... as we all know we used to be in a different and divided rule on this piece of land for so many years but in 1932 we finally got our unified Kingdom. This was due to the great efforts of our visionary leader and from that day, we are celebrating our National Day with great zeal and zest each year on Sept. 23 to mark the beautiful occasion with traditional fervor and gaiety.”

Abdullah Inayat, a Riyadh-based PR executive, commented: “We are celebrating our 84th National Day with great zeal to cherish all the achievements that we have accomplished in the successful journey so far under the wise and brave leadership of our successive frontline leaders from our founder King Abdul Aziz to Custodian of the Two Holy Mosques King Abdullah. I pray Almighty Allah to bestow His blessings and all good things on our flourishing Kingdom.”

The huge number of expatriate workers of different nationalities, who have adopted the Kingdom as their second home, feel equally excited on the occasion of the National Day.

Various diplomatic missions here have greeted the Saudi government and people for the National Day anniversary.

Sharing his sentiments, Ebrahim Edries, consul general of South Africa, told Arab News: “Celebrating the Saudi National Day is important as celebrating national values appropriately is significant in forging national unity. We thus join all Saudis to celebrate their National Day with pride and enthusiasm,” he added.

The expatriates are thankful to the king, the crown prince and the Saudi authorities for all the humanitarian support extended to them for residing and working in the Kingdom. Speaking to Arab News, Mohammed Quaiser, a non-resident Indian working in the Kingdom for two decades, who also heads a voluntary organization of NRIs here, said: “The Kingdom is generous and has donated immensely to help develop the Muslim and Arab nation under its successive frontline leadership over the years. As an Indian and member of the largest expatriate community in Saudi Arabia, I have great respect and admiration for the visionary Saudi leadership and the Ummah it has been supporting, and wish all the success to this great Kingdom,” he added.

Akhatar ul-Islam Nadwi, an NRI staying in Riyadh for several years who is active in the community, said he has full admiration for the Kingdom, which accommodates people of all nationalities to live in peace and harmony.

He added: “I have great respect for the Saudi leadership and founder of its modern day Kingdom for all the great efforts they made for unification of this pious land and their struggle to give a better future to the upcoming generation....long live Saudi Arabia.”

Abdullah Ahmad, a Sudanese worker, who has grown up in the Kingdom, said he really admired the way this beautiful Kingdom has reached the age of peace and prosperity; all praise to Almighty Allah and the visionary leadership of the Kingdom for the huge success story they have written for their nation.

“Congratulations to the people of Saudi Arabia on the occasion of the anniversary of their unification.”

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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
April 9,2020

Apr 9: The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted a resolution to grant paid leave to select categories of employees at the federal government.

This move is part of a series of precautionary measures and procedures taken by the UAE government to bring the Covid-19 pandemic under control.

The resolution stipulates that married employees of the federal government may take fully paid leave to take care of their children below the age of 16. The age condition shall not apply to people of determination, as well as in cases where a spouse is subject to self-isolation or quarantine that requires no contact with family members, upon a decision from the Ministry of Health and Prevention.

The resolution also applies to employees whose spouses work in vital health-related occupations, such as doctors, nurses, paramedics and other medical jobs that require exposure to infected people, as well as employees of quarantine centres, throughout the emergency period witnessed by the country.

Pursuant to the resolution, the relevant ministry or federal authority may ask employees holding essential technical occupations to work remotely instead of taking leave.

The resolution was issued in line with the UAE government's keenness to support employees and provide them with a safe and healthy working environment, as well as to protect the health and safety of government employees and their families, during the current crisis that requires greater efforts, additional working hours, and in some cases, exposure to infected people.

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News Network
June 20,2020

Riyadh, Jun 20:  Speaking at an exclusive webinar organized by the London Business School’s (LBS) Riyadh Chapter, Saudi Arabia’s first sports minister Prince Abdulaziz Bin Turki Al Faisal proudly reflected back on his nation’s sports achievements over the last few years.

Attended by over 170 people, the highest record set at an LBS webinar, various topics were discussed including the Kingdom’s sports strategy, investment opportunities, role of the media and advantages of hosting international sporting events, among other things.

Saudi Arabia has recently presented itself as one of the major players in the global sports industry thanks to its transformative Vision 2030, which aims to diversify the economy and create a more vibrant society.

Recognizing the importance of the vision, Prince Abdulaziz said: “Vision 2030 is something we all believe in. Everywhere you go within the Kingdom, you feel that people are passionate about the vision and its targets. Sport is part of it, and it has a big role in it.”

At the heart of the newly created Ministry of Sport’s strategy is increasing mass participation across all types of sports and preparing the next generation of elite athletes capable of competing on the international stage.

The ambitious prince asserted, “We want to make sure that we create an ecosystem that is sustainable, creates jobs, income and provides a lot of opportunities for everyone. We are creating academies around the Kingdom for kids to get into sports to make sure we have a base for them to start off from.”

Over 50 questions were addressed during the open and transparent webinar, a reflection of the attitude and culture the prince is creating at the Ministry. He admitted that while Saudi Arabia is a nation bound by a love and passion for sport, until recently sports has been looked at as a tool for entertainment rather than an important industry.

One of his key goals is to shift this mentality. Hosting major sports events has greatly contributed in doing so, he is a strong believer of their long-lasting impact and legacy.

“These events will shed light on enlightening people about certain sports and making sure they get attracted by it and enjoy it. From these events that we hosted, we found out there’s interest for tennis, golf, and boxing.”

“We will continue to host these events to make sure that people enjoy them as entertainment but to also make sure that people are passionate about these sports get to watch them live in the Kingdom and hopefully from that get someone passionate enough to participate,” he explained.

A former professional motorsports racer, Prince Abdulaziz was appointed chairman of the then-General Sports Authority at the start of 2019 after holding the position of vice chairman for the previous two years. Under his leadership, the Ministry of Sport doubled the number of its ever-growing sports federations and invested heavily at the grassroots level.

When asked about the significance of such investments, he said: “We give them [athletes] an opportunity to compete under the name of the Kingdom, to shine and make sure there’s a future for them. Today we look at a holistic view of sports. We use it to change certain mindsets and restrictions within the Kingdom to make sure we can evolve within the industry and complete against leading countries.”

The Riyadh Chapter of the London Business School aims to increase engagement and opportunities for LBS alumni in the Kingdom and to develop stronger ties that help build a better future for the business community.

Co-presidents Majed Al Hugail and Faris Al Shareef expressed their delight in hosting Prince Abdulaziz for the first time by saying: “The webinar was very insightful to the elite group of LBS alumni both locally and internationally. It helped them further understand how the Ministry is reshaping the sports sector as part of Vision 2030.

“The session left many of the attendees with a great sense of appreciation of the Ministry’s support to the community, an area where stronger partnerships can potentially be explored for the country and region’s benefits.”

In line with new progressive government policies, a lot of attention and investment has geared towards the inclusion of women in sports on both the elite and amateur levels.

When asked by an audience member about this matter, the sports leader proudly replied by saying: “We’ve seen an increase of active women participation in sports by about 149% from 2015 till today. Only five years ago, women were not allowed to participate in the street but it’s a completely different ball game today.”

A testament to this great progress is the participation of 22 women’s national teams in competitive regional games across a wide range of sports in recent years, in addition to newly incepted Women’s Football League.

Among the topics discussed during the 1-hour long webinar was the Ministry’s journey towards the privatization of some of its assets.

Highlighting the significant role that the private sector contributes towards future growth and development, the Minister said: “The private sector is a fundamental aspect for the evolution of sports within the Kingdom and anywhere else in the world. We have to make sure that the platform is open for the private sector to come in and play its role in increasing the number of participants and to add the number of clubs within the Kingdom.”

He continued: “It is our role to provide the right regulatory process. Today we are ready with a platform to make sure that we can deliver on this for the private sector and for the public. This will add towards the evolvement and the development of sports within the Kingdom.”

Saudi Arabia’s successful hosting of high-profile sports events attracted thousands of locals and visitors; it now has bigger plans to cement its strong position in the global sports industry. Among these plans include bids for two of the continent’s most sought after competitions, the 2027 AFC Asian Cup and 2030 Asian Games.

When asked about the reason behind them, he was confident in his response highlighting that Saudi Arabia has celebrated multiples trophies and medals in the past, but this is the first time that they’re aiming to host the events.

“It is time to do so. It’s unheard of that you win a competition but don’t host it. Saudi should host these events and we are capable of hosting them as a nation. It is something that our people are very passionate about, they love it and follow it. It will showcase what Saudi can do on the Asian front.”

Prince Abdulaziz recognizes Saudi Arabia’s recent sporting achievements, but he remains humble on his mission to use sports as a tool to tell his country’s story to the world and build a healthier, more vibrant society capable of nurturing athletes who can compete on the elite level for many years to come.

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