New era in Saudi-UAE ties

February 17, 2015

Jeddah, Feb 17: Custodian of the Two Holy Mosques King Salman and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan, deputy commander of the UAE armed forces, held talks in Riyadh on Monday, opening a new era in Saudi-UAE strategic ties.King Salman and Mohammed bin Zayed

“King Salman and Sheikh Mohammed explored prospects of expanding cooperation between the two countries and discussed major regional and international developments,” said an official statement.

Crown Prince Muqrin, deputy premier, Riyadh Gov. Prince Faisal bin Bandar, National Guard Minister Prince Miteb bin Abdullah, Deputy Crown Prince Mohammed bin Naif, second deputy premier and minister of interior, and Defense Minister Prince Mohammed bin Salman attended the talks.

King Salman earlier received Sheikh Mohammed at Riyadh airport, breaking royal protocols, reflecting the strong relations between the two GCC countries and their joint push for bolstering regional stability.

King Salman also hosted a luncheon at his palace in honor of Sheikh Mohammed and his accompanying delegation. Senior princes, ministers and high-ranking officials, attended the banquet. Sheikh Mohammed left Riyadh later in the day.Saudi academics and economists have highlighted the strong relations between Saudi Arabia and the UAE and its strong impact on regional security and stability. Wahid Hamza Hashim of King Abdulaziz University described the two countries as strategic partners. “There has been good coordination and cooperation between them for the past several decades,” he said.

Fahd bin Siban Al-Sulami, a member of the board of directors of Jeddah Chamber of Commerce and Industry, said the visit of Sheikh Mohammed and his meeting with King Salman reflected the strong and strategic ties.

UAE Economy Minister Sultan Al-Mansouri said there is good understanding between Riyadh and Abu Dhabi on political and economic issues. “Our two countries represent the largest economies in the Middle East,” he said, adding that their bilateral trade crossed SR75 billion. “This figure represents about half of the total trade between the six GCC countries,” he pointed out.

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News Network
March 18,2020

Dubai, Mar 18: Emirates, one of the world's biggest international airlines, has asked pilots to take unpaid leave to help it mitigate the impact of the coronavirus pandemic that has shattered demand for global travel.

"To this end you are strongly encouraged to make use of this opportunity to volunteer for additional paid and unpaid leave," the airline said in an internal email to pilots, seen by Reuters.

Emirates earlier this month asked some staff to take unpaid leave, although at that time it was not available to pilots.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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News Network
April 28,2020

Riyadh, Apr 28: The number of confirmed coronavirus cases in Saudi Arabia crossed the critical 20,000-mark on Tuesday with the discovery of 1,266 new cases. Eight new deaths were also recorded during the last 24 hours, bringing the virus-related death toll to 152.

Twenty-three percent of the new cases are of Saudi nationals, while 77 percent are of non-Saudi residents, Saudi Press Agency (SPA) quoted the ministry spokesman Dr. Muhammad Al-Abdel Ali as saying.

Out of the total 20,077 cases till Tuesday, 17,141 cases are active, he added. A total of 118 cases are currently critical, the spokesman said.

Out of the 1,266 new cases, 327 were reported in Makkah, 273 in Madinah, 262 in Jeddah, and 171 in Riyadh. There were 58 cases in Jubail, 35 in Dammam, 32 in Taif, 29 in Tabuk and 18 in Al-Zulfi. Additionally, nine cases were recorded in Khulais; eight in Buraidah; seven in Al-Khobar; five in Hufof; four each in Qatif and Ras Tanura; three in Adhum; two each in Al-Jafr, Al-Majaridah, Yanbu, Bisha and Diriyah; and one each in Abha, Khamis Mushayt, Baqeeq, Dhahran, Dhalum, Sabiya, Hafr Al Batin, Hail, Sakaka, Wadi Al-Dawasir and Sajr, the spokesman said.

The Kingdom saw a spike in cases when the health ministry began its field-testing efforts nearly two weeks ago, targeting suspected infection cluster areas. Since then, there has been a steady increase in daily cases.

Till Monday, around 1 million people were screened in various neighborhoods throughout the Kingdom.

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