Mideast countries have right to use nuclear energy for peaceful purposes: Saudi

October 11, 2016

Riyadh, Oct 11: The Cabinet, in its weekly meeting on Monday, reiterated Saudi Arabia's belief in the legitimate right of Middle Eastern countries to use nuclear energy for peaceful purposes, under supervision of and according to the International Agency for Atomic Energy standards.

saudi

The Kingdom gave voice to this belief just before the 71st UN General Assembly meeting discussing the importance of implementing the Agreement on Barring the Use of Chemical Weapons in Syria.

The Cabinet also reviewed the outcome of the Arab League's extraordinary meeting, held at permanent representatives level, to discuss the serious situation in the Syrian city of Aleppo.
It acknowledged the Kingdom's assertion that it is important for Arab countries to stand by the Syrian people and exert all possible efforts, at the international level, to provide safe havens where relief can be delivered for civilians

The Cabinet asked the international community to break its silence over the crimes committed by the Syrian regime.

The Cabinet’s meeting was chaired by Custodian of the Two Holy Mosques King Salman, who briefed the ministers on the outcomes of his talks and meetings with Maldives President Abdulla Yameen, Italian defense minister, Japanese minister of economy, trade and industry and Japanese minister of state for foreign affairs.

During those meetings, bilateral relations as well as the developments in the regional and international arenas were discussed, as was the oral message received by the monarch from President Mahamadou Issoufou of Niger.

The Cabinet praised the results of Al-Khaleej (Gulf) 1 shield maneuvers, which were carried out by the Saudi royal naval forces — Eastern Fleet — in the Arab Gulf and Oman Sea waters, across the Hormuz Strait as well as the joint aerial drill dubbed Al-Jazeerah (peninsula) conducted by Eagle (2016 fighters) in the UAE with the participation of air forces of the GCC member states.

Minister of Commerce and Investment Majid Al-Qassabi, who is also acting minister of culture and information, said in a statement to SPA after the meeting that the Cabinet discussed the Kingdom's participation in the joint annual meetings of the World Bank and the IMF, and the meeting of the G20, which were held in Washington, and highlighted the efforts exerted by Saudi Arabia to implement economic reforms as part of the national transformation program to achieve the Kingdom's Vision 2030.

He asserted that the application of these reforms is bound to yield a strong, balanced and sustainable economic growth, and to activate the role of the private sector in enhancing job opportunities and economic growth.

The minister said the Cabinet welcomed the outcome of the 28th GCC justice ministers' meeting, held in Riyadh, underscoring the importance of completing a study on transferring the current guiding systems to unified systems and laws as per the GCC supreme 36th summit, and based on the king’s vision.

The Cabinet was briefed on a host of activities and events held last week, including the agreement signed by the Ministry of Housing to construct more than 10,000 residential units in Tarout and Safwa centers in Qatif, the MoU signed by the Kingdom with Bulgaria in the fields of tourism and heritage, the 10th meeting of the general prosecutors and attorneys, as well as heads of investigation and general prosecution commissions of the GCC countries in addition to the symposium organized by the Global Union for General Transportation for the Middle East and North Africa under the theme Efficiency of Consuming Fuel and Alternative Energy.

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News Network
May 31,2020

Dubai, May 31: As many as 84 beggars have been arrested in Dubai during the Eid Al Fitr holiday, the Dubai Police have said.

The arrests were carried out as part of their anti-begging campaign to prevent begging during the holy month of Ramadan.

Some illegal vendors, too, have been arrested in different areas of the emirate, the police added.

Colonel Ali Salem, Director of the Infiltrators Department at the Criminal Investigations Department of Dubai Police, said that the campaign aims to maintain the safety and security of the society, adding that the campaign was successful and helped reduce the number of beggars across the emirate.

He called on the public to report begging activities to the number 901 or the Dubai Police app.

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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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Agencies
January 11,2020

Muscat, Jan 11: Oman's Sultan Qaboos bin Said has died, Aljazeera reported citing state television on Friday.

Qaboos was 79-year-old and was ill for a long time. He has served as the ruler of Oman since 1970 when he ousted his father in a bloodless coup.

Qaboos had no children and has not publicly named his successor.

Sultan Qaboos travelled to Belgium for a week in December for what was described then as "medical checks." He returned to Oman but speculations of his deteriorating health were rife.

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