Riyadh governor opens Alzheimer’s conference

February 1, 2017

Riyadh, Feb 1: On behalf of Prince Ahmad bin Abdulaziz Al-Saud, honorary president of the Saudi Alzheimer’s Disease Association (SADA), Riyadh Gov. Prince Faisal bin Bandar inaugurated the third International Alzheimer’s Conference at the headquarters of King Abdulaziz City for Science and Technology (KACST) in Riyadh on Monday.

governor

Following the inauguration, Prince Saud bin Khalid bin Abdullah bin Abdulrahman, chairman of the SADA board of directors, signed partnership agreements with private-sector organizations including the Saudi Electricity Co., the Saudi Investment Bank, Dallah Al-Baraka Group Holdings, Abdulmohsen Al-Hokair Group and Home Experts Holdings.

Prince Faisal thanked King Salman for exerting immense care in treating the elderly in this program. He also thanked the philanthropists who have come forward via their organizations to help in this venture.

Describing Saudi Arabia as a land blessed with philanthropy, righteousness and solidarity, Prince Faisal said Islam preaches the same principles in treating the elderly in society.

He added that the conference will inform participants of the latest advances in the field of Alzheimer’s, and is a good opportunity for the Kingdom to announce its achievements in treating the disease in the past seven years.

The prince commended the efforts of Princess Madawi bint Mohammed bin Abdullah bin Abdulrahman, vice chairman of the SADA board of directors.

KACST President Prince Dr. Turki bin Saud bin Mohammed also addressed the gathering at the inauguration.

Alzheimer’s disease is a brain disorder named after German physician Alois Alzheimer, who first described it in 1906. Scientists have since learned a great deal about the disease.

Alzheimer’s gets worse over time and is fatal. It is the sixth-leading cause of death in the world and the most common form of dementia, a general term for loss of memory and other intellectual abilities serious enough to interfere with daily life.

Other types of dementia include vascular dementia, mixed dementia, dementia with Lewy bodies and frontotemporal dementia.

SADA’s vision is to create a world without Alzheimer’s, while optimizing awareness of the disease and the quality of living for affected individuals and their carers.

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G20 summit to unite global response to coronavirus pandemic: Saudi King Salman

News Network

March 26,2020

Riyadh, Mar 26: The video summit of the G20 leaders slated for Thursday will unite the global response to the coronavirus pandemic, Saudi Arabia's King Salman said.
"As the world confronts the COVID-19 pandemic and the challenges to healthcare systems and the global economy, we convene this extraordinary G20 summit to unite efforts towards a global response. May God spare humanity from all harm," tweeted King Salman, who will chair the summit.
The summit will be held today via video conference with an aim to advance a coordinated global response to the COVID-19 pandemic and its human and economic implications, the Kingdom had said yesterday in a statement.
India is a member nation of the G20 group. Prime Minister Narendra Modi, who will take part in the summit, said that the Group of 20 (G20) has an important role to play in the fight against coronavirus.
He said: "The G20 has an important global role to play in addressing the #COVID19 pandemic. I look forward to productive discussions tomorrow at the G20 Virtual Summit, being coordinated by the Saudi G20 Presidency."
The other members of the group include Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK, the US, and the European Union.
Several international organisations -- including the United Nations, World Bank, the World Health Organization and the World Trade Organization will take part.

Leaders from the Food and Agriculture Organization, the Financial Stability Board, the International Labour Organization, International Monetary Fund, the Organization for Economic Cooperation and Development -- will also be the part of the conference.

Regional organisations will be represented by: Vietnam, the Chair of the Association of Southeast Asian Nations (ASEAN); South Africa, the Chair of the African Union (AU); the United Arab Emirates, the Chair of the Gulf Cooperation Council (GCC); and Rwanda, the Chair of the New Partnership for Africa's Development.

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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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Dubai lucky draw: Kerala man wins Rs 7.59 crore; NRI wins BMW motorbike

News Network

May 22,2020

Rajan Kurian with wife Berly Rajan Kurian, son Brian, daughter Bella and mother Valsa

Dubai, May 22: A 43-year-old Indian businessman won USD one million (approximately Rs 7.59 crore) in the Dubai Duty Free draw.

Rajan Kurian, who owns a construction business in Kerala, had bought the ticket online.

Mr Kurian said he was grateful for the win, considering the gloomy circumstances prevailing in the world due to the coronavirus pandemic.

"I will set aside a good part of my win to help the needy. I feel grateful with the win but I need to share it with people who need it," he said.

Mr Kurian said some of the money will go into growing his business.

"The last few months have been tough with the COVID-19 situation. My business has come to a standstill. This money will be put to good use," he said.

An Indian expat also won a BMW motorbike in the lucky draw held on Wednesday.

A longtime resident of Dubai for 30 years now, 57-year-old Syed Hydrose Abdulla, who works as a public relations officer in a beverages company, had also bought the ticket online.

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Lucky prize money send me please