In a stern warning, Riyadh police hold 3 Filipino protesters briefly

May 5, 2013

Riyadh_police Riyadh, May 5: Three Filipino workers were detained by Riyadh police yesterday for protesting outside the Philippine Embassy. Later they were released.

The three workers were among a group of about 150 workers who gathered in front of the Philippine Embassy yesterday morning to protest against the alleged inability of the Filipino diplomatic missions to help illegal workers go home.

"The police responsible for ensuring security at the Diplomatic Quarter in Riyadh picked up a few of the workers and later released them," Philippine Ambassador Ezzedin Tago told Arab News here yesterday. Tago said: "There is no justification to organize any protest or demonstration in front of the embassy, when we are doing our best to help solve all problems."

"I don’t know why the community organizations decided to hold protests," said Tago, adding that all Filipino community organizations, including Migrante, are illegal in Saudi Arabia. He said workers from other countries did not protest outside their embassies at the Diplomatic Quarter. He said over 7,500 Filipino workers have so far registered for repatriation at the embassy and the Jeddah-based consulate.

A statement released by Filipino migrants rights group Migrante, however, gave a different version of the story. Migrante, which identified those arrested as Lyndon Salonga, Juan Carlos and Jon Jon de Vera, said the protest was "peaceful." It said "they were holding their peaceful protest outside the Philippine embassy, when a Riyadh POLO case officer arrived with the Saudi police."

Migrante said that the protest in Riyadh was an offshoot of the situation in Jeddah, where some 1,000 Filipinos have been camping out since April 11. Workers have been gathering in Jeddah since the Saudi government ordered a crackdown on undocumented foreign workers, which started on March 28 this year. Thousands of workers have already been deported.

Migrante, which is at the forefront of assisting thousands of stranded Filipino workers in Saudi Arabia, said it would ask the Philippine government to prioritize the repatriation of women, children, the sick and elderly.

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Abu Dhabi's ADC Bank likely to lay off hundreds of employees

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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'136 Indians jailed in Kuwait to return home soon'

News Network

May 25,2020

May 25: A total of 241 Indians including 136 people who were jailed in Kuwait would return to the country soon, a senior minister said on Sunday.

The other 105 people were stranded in Bangladesh, Law Minister Ratan Lal Nath said.

"Altogether 136 people from Tripura and Assam, who are at present in jail in Kuwait for violating that country's laws, would be deported. They will reach Guwahati between May 27 and June 4 in a special flight," Nath told reporters.

He said the matter has been officially informed by the Kuwaiti government, but the reason for their imprisonment is not known.

"We had requested the Kuwaiti authorities to drop the Tripura residents here. However, they informed us that the flight would land in a single airport," the minister added.

Nath said 105 residents of Tripura, who are stranded in different places of Bangladesh will return to the state through the Agartala-Akhaura integrated check post on May 28.

"They would be taken to institutional quarantine and swabs of all the passengers would be collected for COVID-19 test," Nath said.

If the report of their samples tests negative, they would be allowed to leave the facility and remain under 14 days of home quarantine. And those who test positive would be hospitalized, he said.

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Banks asked to search and seize B R Shetty’s accounts in UAE

News Network

April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.