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Historic Jeddah Festival opens with fanfare

January 16, 2015

Jeddah Festival

Jeddah, Jan 16: Jeddah Gov. Prince Mishaal bin Majed, chairman of the Tourism Development Council, opened the second Historic Jeddah Festival here Wednesday, which will feature 89 heritage, recreational, cultural and marketing events.

Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA), was also present. After the opening ceremony, Prince Mishaal and Prince Sultan toured the festival venue. “The festival is aimed at making people aware of their invaluable heritage and to help preserve it,” Prince Mishaal said.

The prince said the festival would contribute to the promotion of historical Jeddah projects because the old city has been listed as a World Heritage Site by the United bNations Educational, Scientific and Cultural Organization (UNESCO). He said the festival is being held under the slogan, Your Sun Shines.

He pointed out that the historic district has many distinctive features, especially its development projects. He hoped that it would be a memorable and successful event and praised the organizers for helping to set it up.

The events this year include art programs and forums. There would also be shopping from the Nada Souk, passing along Al-Kabeer Souk and ending at Qabil Street. Visitors can benefit from discount sales, draws and gifts offered, he said. Visitors can also view 20 handicraft products and 20 folk dishes that were popular in ancient times.

The opening event featured an operetta called Your Sun Shines performed by 100 folk artists. The operetta portrayed the social life of Jeddah residents of the past based on mutual support and cooperation, how later generations drifted away from the ways of their forefathers, and then how the sun started shining again over Jeddah with its heritage achievements under UNESCO.

The organizing committee expects over 1 million visitors. Those who spoke at the opening function included Jeddah Chamber of Commerce and Industry Chairman Saleh Kamel, Jeddah Mayor Hani Abu Ras and SCTA Director General in Makkah Muhammad Al-Omri.

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News Network
April 11,2020

Dubai, Apr 11: Saudi Arabia has reported another 382 new cases of coronavirus, bringing the total number of infections in the country to 4,033, the Ministry of Health announced on Saturday.

The ministry also confirmed five more deaths from the virus, pushing the death toll in Kingdom to 52.

A total of 35 people has made full recovery from the deadly disease, taking the tally of patients recovered to 720.

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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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Khaleej Times
June 7,2020

Dubai, Jun 7: Emirates airline on Sunday confirmed that it extended the period of reduced pay for its staff for another three months as airlines around the world struggle to preserve cash due to the grounding of fleets.

An e-mail has been sent across to Emirates employees about extending the wage cuts till September 30. In some cases, the salary will be reduced by 50 per cent.

Emirates had previously reduced basic wages by 25 to 50 per cent for three months from April, with junior employees exempted.

The Dubai-based world's largest international carrier employs around 60,000 people across its spectrum. While the parent Emirates Group employs over 100,000 workers.

On Thursday, Abu Dhabi-based Etihad Airways confirmed to Khaleej Times that it also extended salary cut of its employees till September 2020.

"Regretfully, Etihad has extended its salary reduction until September 2020, with 25 per cent reduction for junior staff and cabin crew, and 50 per cent for employees at manager level and above. Housing allowance and a number of benefits continue to be paid," the airline's spokesperson said in a statement last week.

In March, Etihad had announced temporary reduction of basic salaries for the month of April to all staff, including executives, between 25 to 50 per cent.

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