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King Salman, Trump discuss fight against terror

January 30, 2017

Riyadh, Jan 30: King Salman on Sunday received a phone call from US President Donald Trump, during which the two leaders discussed international and regional developments as well as means to boost economic, security and military ties.

trumpkingAmong the issues discussed were the efforts to combat terrorism and extremism and means to finance those efforts, a Saudi Press Agency statement said.

The two leaders have identical views on the need for an adequate mechanism to combat those two challenges to the world security.

They also reaffirmed strong ties between the US and Saudi Arabia and the need for joint efforts to address attempts by others to destabilize regional security and intervene in countries’ internal affairs.

King Salman extended an invitation to Trump to visit Saudi Arabia as both sides agreed to exchange visits to boost joint cooperation and stimulate strategic partnerships between the two countries.

President Trump also had a phone call with Sheikh Mohammed bin Zayed Al-Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday during which they explored ways of enhancing bilateral ties, UAE state news agency WAM reported.

Sheikh Mohammed affirmed that extremism and terrorism have no religion or identity and the groups that preach false slogans and ideologies seek to disguise their criminal intention in spreading chaos and destruction.

The two sides took stock of the latest regional issues and developments in light of the UAE and US’ vision regarding important ideas and initiatives that aim to put an end to the security and humanitarian deterioration in the region.

The also emphasized their commitment to realize stability and security in the region and support joint efforts to counter extremism, violence and terrorist groups that threaten security and safety of countries and peoples.

“The UAE is looking forward to overcome this stage of chaos and instability in the region through joint co-operation and efforts that serve mutual interests, achieve peace and stability and restore security,” Sheikh Mohammed said.

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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 29,2020

Dubai, Apr 29: Saudi Arabia reported 1,325 new cases of coronavirus, bringing the total number of infections in the country to 21,402, the Ministry of Health announced on Wednesday (April 28).

Meanwhile, the ministry reported 169 recoveries today, with total recoveries in the kingdom at 2,953. There are 125 cases in intensive care.

The ministry also confirmed 5 deaths, bringing the total number of deaths in the kingdom to 157.

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News Network
May 1,2020

Dubai, May 1: Saudi Arabia has reported 1,344 new coronavirus cases in the last 24 hours, bringing the total number of infections in the country to 24,097, the Ministry of Health announced on Friday.

The ministry also announced 7 more deaths and 392 new recoveries, raising the total number of fatalities and recoveries to 169 and 3,55 respectively.

Out of the 1,344 new cases reported today, 282 were confirmed in Riyadh, 237 in Madinah, 207 in Makkah, 171 in Jubail and 124 in Jeddah in addition to 114 infections in Dammam.

Authorities continue to urge people to stay at home unless necessary despite having relaxed some restrictions and curfews at the start of Ramadan.

Citizens and residents are allowed to go out for necessary needs between 9 a.m. and 5 p.m. but must adhere to precautionary measures such as wearing a face mask and maintaining social distancing practices.

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