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Saudi Arabia, China to boost cooperation in fighting terror

November 7, 2016

Riyadh, Nov 7: Saudi Arabia and China agreed to step up cooperation on various key issues including security and counter-terrorism during talks held in Riyadh Sunday.

Saudi

Custodian of the Two Holy Mosques King Salman, Crown Prince Mohammed bin Naif and Deputy Crown Prince Mohammed bin Salman, received a delegation led by Chinese President Xi Jinping’s special envoy Meng Jianzhu. The two sides also reached agreement to deepen the cordial ties between Saudi Arabia and China.

The talks in Riyadh follow the signing of 15 preliminary agreements between Saudi Arabia and China in August — touching on a wide range of fields from energy to housing — during the visit of the deputy crown prince.

Meng and his delegation arrived here Saturday night.

The visit fits in with a broad reforms drive to reduce the Kingdom’s reliance on oil exports and showcases Saudi Arabia as a dynamic nation with promising opportunities for global investors.

A Chinese Embassy spokesman told Arab News that the delegation led by Meng Jianzhu, who is also a member of the Political Bureau of the Central Committee of the Communist Party of China and head of the Commission for Political and Legal Affairs of the CPC, met King Salman at the Al-Yamamah Palace.

The crown prince held a luncheon banquet during which he and Meng discussed issues of mutual interest, especially joint cooperation in counterterrorism. A five-year cooperation plan was also signed in the field of security training.

During talks with King Salman, Meng conveyed the greetings of President Xi Jinping. The King also sent his greetings to the Chinese president.

The crown prince and several ministers attended the meeting, which also reviewed the strategic partnership and future cooperation to boost bilateral ties.

The spokesman said that the delegation also met Deputy Crown Prince Mohammed bin Salman, second deputy premier and defense minister.

Saudi Arabia, China to boost cooperation in fighting terror

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News Network
April 20,2020

Riyadh, Apr 20: Six more people have died in Saudi Arabia after contracting coronavirus as 1,122 new coronavirus cases were reported on Monday.

The Saudi health ministry said that total number of cases in the Kingdom had increased to 10,484. It also recorded 92 new recoveries, raising the total to 1,490.

The ministry said precautionary measures shall remain to limit the virus spread.

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Agencies
March 1,2020

Paris, Mar 1: Most of the riders and teams taking part in the abandoned UAE Tour, and who had been quarantined in their Abu Dhabi hotels since Thursday after a coronavirus scare, were cleared to leave the country, sources said.

"The pleasure of going home after several days spent at the hotel," tweeted 2018 world champion Alejandro Valverde, one of the top stars of the race along with Chris Froome, the four-time winner of the Tour de France.

"We are doing well and soon we will fly to Spain."

However, there was confusion over how many competitors and officials will be allowed to leave.

All 133 cyclists who were still in contention as well as team members were tested after it was announced by organisers Thursday that two Italian staff members on the race had tested positive for the COVID-19 virus.

Earlier Saturday, the UAE Tour, quoting health officials, said that 167 people had been tested and all were negative.

The Department of Health-Abu Dhabi were "still monitoring the condition of the remaining cases of contacts, whose lab testing findings will be available in the next few hours."

The UAE Tour cancelled its last two stages on Thursday after the coronavirus cases were confirmed.

Danish cyclist Michael Morkov of the Deceuninck-Quick-Step team, who took part in the first four stages, was placed in isolation in his hotel room after arriving in Berlin to take part in the world track championships.

However, on Saturday, he too was cleared to take part.

"The rider present in Berlin is currently in excellent health, with no suspicious clinical signs, and we are also guaranteed that he has not contacted the two members of the management of a team participating in the UAE Tour, originally suspected of coronavirus," governing body UCI said in a statement.

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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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