Counterfeit items are ‘time bombs’

March 9, 2013

street-vendors

Madinah, Mar 9The poorly manufactured and unsafe electronic products that have saturated the Saudi market are “time bombs” just waiting to go off, said the western regional director of Mutabaqah — the laboratory testing arm of Saudi Customs.

A study conducted by Mutabaqah, found that 80 percent of electronics available in Saudi markets are “shoddy” and that some 33 percent of home accidents involving electrical appliances yearly are a direct result of the poor quality of these appliances.

Adel Al-Ghamdi, western regional director of Mutabaqah, said that markets are flooded with such unsafe merchandise. He characterized the inundation of low quality and counterfeit products as a by-product of a large and vibrant economy that has led to unscrupulous manufacturers and vendors targeting it.

Electronics is not the only sector affected by poorly manufactured and unsafe products. The proliferation of so-called “two-riyal stores” has led to counterfeit cosmetics and other household items being sold at low prices.

“There is now stiff competition between these stores and the other stores that sell brand names at high prices,” Muhammad Harbi, an economist, told Arab news. “People tend to go to the two-riyal shops because the other stores hiked their prices unreasonably.”

Counterfeit cosmetics, in particular, can present a threat to users, and the Ministry of Commerce and Industry and the Food and Drug Administration are coordinating efforts to recall harmful products from discount stores.

Although consumers flock to the discount stores to save money, fake and low-quality products are a drag on the economy. Mutabaqah’s Al-Ghamdi estimated that the local economy loses some SR 41 billion because of shoddy and unsafe merchandise.

“These losses are incurred by everybody involved, but consumers make up the largest percentage of victims by far,” Al-Ghamdi said. “They incur financial loss when they pay for the product, and they are exposed to its hazards when they use it, and are psychologically traumatized after falling victim to it.”

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Agencies
June 5,2020

Dubai, Jun 5: A new set of coronavirus guidelines for UAE hotels has been published by the National Emergency Crisis and Disasters Management Authority.

The guidelines, released late Thursday, require all employees to be tested for Covid-19 before reopening, and to be re-tested every 15 days.

Hotels are expected to provide an infrared thermometer and thermal camera, with employee temperatures to be tested several times per working day.

Any guest or employee showing coronavirus symptoms will not be permitted to enter hotel facilities, the guidelines stress.

Hotels must also leave a 24-hour gap between guests leaving a room, and the next guests arriving.

Facilities such as restaurants, cafes, gyms, swimming pools and beaches in hotels will resume operation under a minimum capacity.

Customers must have their temperatures taken before they enter.

The working hours of restaurants and cafes will be from 6am until 9pm, allowing four people to sit at the same table with 2.5 metres left between tables. Menus must be sterilised after each use.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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KT
April 16,2020

Dubai, Apr 16: Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), unveiled a series of outdoor ads that form part of its new campaign to encourage the community to stay home.

Featuring the slogan 'For My Sake #StayHome for Us', the campaign depicts stunning artwork developed in collaboration with Emirati artist Maitha Demithan. The ads have been displayed on billboards, lamp posts and digital screens across Dubai.

The campaign reinforces the importance of staying at home in line with the strict restrictions on movement put in place by Dubai's Supreme Committee of Crisis and Disaster Management as part of intensified measures to combat Covid-19.

Nehal Badri, Director of Brand Dubai, said: "The outdoor campaign, displayed in prominent locations across Dubai, was designed to illustrate the importance of staying at home during the current sensitive period. Using Maitha Demithan's stunning creative artwork, we sought to send out a clear message to the community that staying at home is vital to safeguard the wellbeing of our loved ones. 

This project is one of a series of initiatives launched in collaboration with UAE-based artists to raise awareness about the need to unite efforts to protect vulnerable people from the risk of infection."

Emirati artist Maitha Demithan said: "It has been a privilege for me to work on this project and an honour to serve my country through my artworks. The three portraits featured in the campaign create a triptych that represents the people who are the most vulnerable to being infected by the virus. During such difficult times, art can play a crucial role in raising awareness on how to stay safe, but most importantly it can keep everyone inspired. I encourage all my fellow artists and the creative community to continue practicing social distancing and stay connected by using their creativity and innovation to raise awareness during this period."

Brand Dubai partnered with several media outlets, including Media 24/7, Arabian Outdoor Media and Hypermedia to launch the outdoor ads. The ads are displayed on Sheikh Zayed Road, Dubai Marina.

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