‘A new page’ as Trump makes historic visit to Saudi Arabia

May 20, 2017

Riyadh, May 20: President Donald Trump is set to arrive in Saudi Arabia on Saturday morning, for a historic meeting tipped to “turn the page” on US-Arab affairs after a strained relationship under the previous American administration.

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Shortly after the president touches down in Riyadh aboard Air Force One, he will engage in a series of diplomatic meetings with King Salman and senior Saudi officials.

Trump’s first official foreign trip since taking office will coincide with three key summits on Saturday and Sunday, as well as several business activities, cultural, intellectual and sports celebrations.

The Saudi-US Summit on Saturday will feature a series of bilateral meetings between King Salman and Trump, and “focus on re-affirming the long-standing friendship, and strengthening the close political, economic, security and cultural bonds between the two nations.”

It will be followed Sunday by the GCC-US Summit, Arab Islamic American Summit, and the inauguration of the Global Center for Combating Extremist Ideology.

Experts told Arab News that the visit by Trump will boost US-Arab ties after the relationship soured under his predecessor President Barack Obama.

“By selecting Saudi Arabia as the first stop on his historic visit, the first official one to any foreign country, President Trump has been prudent to seize an opportunity to turn a new and more positive page toward Arabs and Muslims in the region and beyond,” John Duke Anthony, founding president and CEO of the National Council on US-Arab Relations, writes on page seven.

“The president’s visit has a chance to begin healing wounds that have been inflicted on Muslims the world over.” Anthony said that there has been a shift from Trump’s presidential campaign, when he was seen as being openly hostile toward the Muslim world and Kingdom.

“As a candidate for the Oval Office, Donald Trump was not shy about criticizing Saudi Arabia. Contexts change, though, and as president, his administration has refrained from unjustified, unnecessary and provocative statements in this regard,” he writes.

Tensions rose between the Arabian Gulf and the US after the latter brokered the “nuclear deal” with Iran, which some Arab countries claim meddles in regional affairs and sponsors international terrorism.

Abdulrahman Al-Rashed, a veteran analyst, said that the new US administration has the opportunity to get tough on Tehran.

“Iran has taken the region hostage and has blackmailed Washington for many years,” he writes on page eight.

“I believe it is in the hands of the current US administration to get Iran to face a new reality, namely that it must stop the spread of chaos and violence in the region and wider world.”

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Agencies
June 9,2020

Dubai, Jun 9: Dubai's Emirates airline has begun laying off employees to reduce cost and save cash as the carrier looks to rightsize its workforce.

"We at Emirates have been doing everything possible to retain the talented people that make up our workforce for as long as we can. However, given the significant impact that the pandemic has had on our business, we simply cannot sustain excess resources and have to rightsize our workforce in line with our reduced operations. After reviewing all scenarios and options, we deeply regret that we have to let some of our people go," the spokesperson said in the statement.

Citing sources, Reuters and Bloomberg earlier reported that a majority of those being made redundant are cabin crew workers as well as a minority of its engineers and pilots, including those flew the Airbus A380.

"This was a very difficult decision and not one that we took lightly. The company is doing everything possible to protect the workforce wherever we can. Where we are forced to take tough decisions we will treat people with fairness and respect. We will work with impacted employees to provide them with all possible support," said the statement.

The spokesperson, however, didn't disclose how many employees are being made redundant in this latest round of rightsizing the workforce.

Emirates on Sunday confirmed that it extended the period of reduced pay for its staff for another three months till September. It had previously reduced basic wages by 25 to 50 per cent for three months from April, with junior employees exempted.

The airline had employed around 60,000 people at the end of its 2019-20 financial year.

Saj Ahmad, chief analyst at StrategicAero Research, said the announced job cuts at Emirates will likely not be the last given the unprecedented damage that Covid-19 has had not just on air travel, but on the entire aviation industry as a whole.

"Emirates' massive international network means that job reductions were always a last resort option as the company staves off cash burn and expenses at a time when revenues are dried up. While Emirates SkyCargo is enjoying a resurgence in activities, the reality is that this income will never offset the lost money from passenger operations," he added.

"Whilst some salary reduction schemes have prevented bigger job cuts for now, the absence of a cure or medicinal suppressant of Covid-19 means that air travel is unlikely to even reach pre-9/11 levels within 3-5 years, let alone pre-Covid-19 levels in that same time period. For that reason, Emirates' reduction in headcount is necessary to stay competitive, agile and be ready for when air travel can resume with a degree of normalcy that we have been accustomed to for decades," said Ahmad.

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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
May 28,2020

Sharjah, May 28: The Ministry of Interior has warned the public against visiting wadis during bad weather conditions, including rainy seasons, to avoid the risk of getting caught in flash floods that could endanger their lives.

A video posted on its official Instagram account depicted several such incidents involving cars being swept away by floods.

The warning comes after four people were found dead this week in Sharjah's Wadi Al Helo, an area hit by floods during heavy rains that lashed the emirate, authorities said.

The National Search and Rescue Centre (NSRC) found the bodies as it conducted an operation to look for seven people who were reported missing amid the unstable weather conditions.

In a separate incident yesterday, 20 passengers of a bus that got stuck in Wadi Hatta's Umm Al Nosor area in Dubai were also rescued by police after their vehicle was swept away by floods.

The ministry urged the public to follow the directives issued for their own safety.

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