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Saudi Arabia eyes tourism growth; to begin issuing tourist visas soon

coastaldigest.com news network
November 1, 2017

Riyadh, Nov 1: Saudi Arabia plans to start issuing tourist visas "soon", authorities said Tuesday, as the generous kingdom seeks to attract international visitors in a radical overhaul of its oil-dependent economy.

Tourism is seen as a major driver of growth as the kingdom attempts to wean itself off its dependence on petrodollars amid a protracted oil slump.

"Tourist visas will be introduced soon," Prince Sultan bin Salman bin Abdul Aziz, head of the Saudi tourism authority, was quoted as saying in a statement. He did not specify a time frame.

Aside from millions of Muslims who travel to Saudi Arabia for the annual hajj pilgrimage, most visitors currently face a tedious visa process and exorbitant fees to enter the kingdom.

Prince Sultan's comment comes ahead of Saudi Arabia's first archaeology convention in Riyadh next week as the government seeks to showcase some of its historic sites.

Crown Prince Mohammed bin Salman in August announced a massive tourism project to turn 50 islands and a string of sites on the Red Sea into luxury resorts.

Although richly endowed with natural beauty, the kingdom is hardly seen as a tourism hotspot.

Alcohol, cinemas and theatres are still banned in the kingdom, an absolute monarchy and one of the world's most conservative countries.

But authorities in recent months have sought to project a moderate image with a string of reforms, including the decision allowing women to drive from next June.

The kingdom is also expected to lift a public ban on cinemas and has encouraged mixed-gender celebrations -- something seldom seen before.

The moves appear designed to project the kingdom in a favourable light as it seeks to attract badly needed foreign investment.

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Fairman
 - 
Wednesday, 1 Nov 2017

May Allah preserve the islamic values.

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News Network
January 23,2020

Patna, Jan 23: "They should go wherever they want," Bihar Chief Minister and JDU supremo Nitish Kumar said on Thursday when asked of Prashant Kishor and Pavan Verma's repeated questions about the party's stand's on the newly enacted Citizenship Act.

"It is their personal decision. They should go wherever they want. We don't have an objection. Don't look at JDU in the context of statements by some people. JDU works with determination. We have a clear stand and don't have any confusion," the Chief Minister told reporters here.

"If they have something to tell, they should come and discuss it within the party. They should go wherever they want. They have my good wishes," he said.

JDU spokesperson and national general secretary Pavan Verma has questioned his party's alliance with the BJP in Delhi Assembly polls while Kishor has more than once made his differences with the party known on the issue of the amended Citizenship Act, and National Register of Citizens.

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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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coastaldigest.com news network
May 6,2020

Mangaluru, May 6: Three more coronavirus positive cases have been reported in Dakshina Kannada district. 

According to fresh bulletin of health and family welfare department, an 11-year-old girl and a 36-year-old woman from Boloor in Mangaluru and a 16-year-old girl from Bantwal tested positive for the covid-19. 

All of them are undergoing treatment at Wenlock Hospital. Their condition is said to be stable. 

With this the total number of cases in the district reached 28 including 22 residents of Dakshina Kannada, 4 from Kasaragod, 1 from Udupi and 1 from Uttara Kannada.

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