Saudi Arabia gears up for National Day

September 21, 2013

National_Day

Jeddah, Sep 21: Jubilation is around the corner for Saudi society, which will be celebrating the country’s National Day on Monday. A myriad of cultural and recreational activities will be held to express their patriotic fervor for the nation.

Riyadh, considered the foundation for the modern Kingdom, is at the forefront of celebrations, but people in various regions are also getting ready to celebrate. Governorates are chalking out displays of Saudi heritage.

Establishments are expected to go green on the day. Hundreds of shops are busy selling merchandise to children and youth, ranging from bracelets to portraits of Custodian of the Two Holy Mosques King Abdullah.

Gift shops are going green and have removed regular items from their shelves until Monday. The general price rise syndrome has not hit National Day items, as most Chinese-made items are being sold in the range of SR3 to SR150, the same prices that prevailed last year.

Caps, flags, badges, T-shirts, bracelets, rings, nontoxic facial decoration items, portraits of King Abdullah, wall posters, hand bags, shopping bags, cups, plates, large-sized eye-wear and most importantly, balloons and gift items in green, are selling out fast.

Shops in Jamiah, Kilo 5, Safa and the Balad districts sell such items and women are also flocking to these places.

Seasonal street vendors have also risen to the occasion, positioning themselves at roundabouts and intersections around the city to display their goods. Most of them sell flags, stickers, shumagh and scarves.

Ahmed Omar, a salesman at a leading general store in downtown Jeddah, told Arab News: “Shopping has begun much earlier this year compared to previous years and the response has been overwhelming, with customers coming even during the morning hours.” The Corniche in Jeddah will hold a series of activities over the weekend, with attractions and competitions for residents and visitors, although the Jeddah Municipality has not yet specified a venue for the celebrations.

The Jeddah Chamber of Commerce and Industry has extended support to 40,000 students and a Saudi artist in their efforts to establish a world record by creating a 10,000 square meter map with hand prints.

Beaches in Alkhobar and Dammam will also put on firework displays on the eve of the National Day.

In Riyadh, the municipality has earmarked seven different locations for festivities.

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News Network
April 20,2020

Sharjah, Apr 20: Air Arabia announced on Monday it will operate new repatriation flights from four cities in India to Sharjah carrying UAE nationals back home.

The special flights will operate from Mumbai and Delhi to Sharjah International Airport on April 20 while special flights will operate from Kochi and Hyderabad to Sharjah International Airport on April 22.

Air Arabia remains committed to bring stranded citizens back home as well as supporting requests to operate repatriation flights and is working closely with UAE authorities in this regard, the airline said.

Air Arabia announced earlier that it’s operating a mix of repatriation flights as well as cargo flights during the month of April to multiple destinations.

Further information about the repatriation and cargo flights is available on the website or can be obtained by contacting the Air Arabia call centre on 06 5580000 or respective travel agent.

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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 16,2020

Dubai, Apr 16: Saudi Arabia reported 518 new cases of coronavirus, bringing the total number of infections in the country to 6380, the Ministry of Health announced on Thursday.

According to the ministry of health, the number of recoveries today were 59, making total of recoveries in the kingdom 990, with 71 critical cases in intensive care.

The ministry also confirmed 4 deaths, bringing the total number of deaths in the kingdom to 83.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice by king Salman

Overall, Saudi Arabia has reported one of the lowest rates of infections in the region, with around 6000 cases in a population of over 30 million.

Private sector support

Saudi Arabia has allocated SR50 billion (Dhs49 billion)to support the private sector as part of its package of initiatives approved by King Salman on Wednesday aimed at mitigating economic repercussions from the coronavirus disease (COVID-19).

The package targets small and medium-sized enterprises (SMEs) and economic activities that have been most affected by the pandemic.

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