Saudi Arabia, UAE announce $500 million aid program for Yemen

Arab News
November 21, 2018

Riyadh, Nov 21: Saudi Arabia and the UAE on Tuesday announced a new initiative, “Imdaad,” in Yemen to address the humanitarian situation in the country, including an additional $500 million aid program. The two countries will each give $250 million in response to the food crisis to support more than 10 million people, said Abdullah Al-Rabeeah, general supervisor at King Salman Humanitarian Aid and Relief Center (KSRelief).

The program was announced by Al-Rabeeah at a joint

press conference in Riyadh with UAE Minister of State for International Cooperation Reem Al-Hashimy.

Al-Rabeeah said the new initiative aims to fill the gap of food needs to alleviate the suffering of the Yemeni people and ensure their access to food and nutrition for children in all regions and governorates of Yemen.

“We will coordinate with UN organizations to deliver aid to those in need in Yemen,” Al-Rabeeah said, adding that the coalition countries had provided $18 billion in aid to help Yemen over three years.

The latest aid package comes after the two countries and Kuwait offered $1.25 billion to the UN’s humanitarian response

plan in Yemen for 2018, according to Al-Rabeeah.

Al-Hashimy expressed her pleasure at being in Riyadh, and her sincere gratitude to Saudi Arabia, and the efforts of King Salman.

She added: “A new initiative to help our brothers in Yemen shows a common vision and one goal. This initiative aims to provide food needs for 10-12 million Yemenis, which are the most affected group.”

She explained that the launch of this initiative comes from the concern to help our brothers in Yemen to meet the difficult humanitarian conditions they live in.

The hope is to improve the lives of the population, especially as they focus on the most affected groups: Malnourished children, children under five, children in schools, women, pregnant women, nursing mothers and their families, as well as the elderly and people who suffer from diseases.

Al-Rabeeah said that the aim is to reach the people of Yemen who are deprived in coordination with international humanitarian organizations, to meet their needs and end their suffering.

He also Indicated that the Arab Coalition to Support Legitimacy in Yemen provided $18 billion in three years to support the Yemeni people, stressing that the Houthi militias have taken over Yemen, including humanitarian aid, where they seized 65 aid ships and 124 relief convoys.

He also pointed out that Saudi Arabia will work only with international organizations that are keen on the interest of the Yemeni people.

Al-Rabeeah said that the biggest challenge is how to reach the deprived while the Houthi militias try to stop that from happening, noting the efforts made by the center to deliver humanitarian aid in Taiz governorate when it was under siege.

The secretary-general of the Organization of Islamic Cooperation, Dr. Yousef bin Ahmed Al-Othaimeen, stressed that the new initiative adds to the permanent support of Saudi Arabia and the UAE to the member states of the OIC, which are facing humanitarian crises.

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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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News Network
May 5,2020

Dubai, May 5: A Saudi ministerial decision issued on Monday allows companies in the private sector to reduce salaries by 40 per cent and allows termination of contracts owing to the economic hardships resulting from the COVID-19 pandemic, according to daily newspaper Al Sharq Awsat.

The new decision was still not published by the cabinet according to the newspaper.

The decision which the newspaper saw a copy of was signed by Saudi Ministry of Human Resources and Social Development to regulate the labour contract in the current period, allows employers to reduce the employees salaries by 40 percent of the actual effective wage for a period of 6 months, in proportion to the hours of work and allowing the termination of employee contract after 6 months of the COVID-19 circumstances.

The new decision has also included a provision in which the employer would be allowed to cut wages even he or she benefits from the subsidy provided by the goverment, such as those for helping pay workers wages or exemption from government fees.

The decision also stressed that employers are not allowed to terminate any employee, unless three conditions are met.

1.            First the passing of six months since the measures of salary cut has been taken

2.            Reducing pay, annual leave and exceptional leave were all used

3.            Company proves that its facing financial troubles due to the circumstances.

The memo, which goes into affect as soon as its published in the government’s official newspaper, ensures that the employee will receive his/her salary if on annual leave within the period of 6 months.

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Gulf News
April 12,2020

Dubai, Apr 12: Saudi Arabia reported 429 new cases of coronavirus, bringing the total number of infections in the country to 4462, the Ministry of Health announced on Sunday.

The ministry also confirmed 7 deaths bringing the total number of deaths in the kingdom to 59.

According to the ministry of health the number of recoveries are 41 cases, making total of recoveries 761.

Ministry also said that 40,000 have been quarantined since the beginning of the epidemic, and only 7,000 remain in quarantine, including those who recently returned from abroad.

Extension of curfew

Early on Sunday, King Salman approved the extension of curfew until further notice due to current rates of coronavirus spread, the official news agency SPA announced.

Earlier last week, Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar.

Authorities had already sealed off the holy cities of Makkah and Medina along with Riyadh and Jeddah, barring people from entering and exiting as well as prohibiting movement between all provinces.

Total lockdown on Medina neighbourhoods

The Ministry of Interior also announced a total lockdown on five neighbourhoods in Medina on thursday until further notice. The neighborhoods include Al Sherbat; Bani Dhafar; Qurban, Al Jumuah; and parts of Al Iskan district and Bani Khudrah. No one is allowed to enter or exit these areas.

An official source from the ministry highlighted that the Ministry of Labor and Social Development will provide residents of these neighbourhoods with food baskets and will follow up on their needs while the ministry of health will provide them with necessary medications.

Saudi Arabia, which has reported the highest number of infections in the Gulf, is making every possible effort to limit the spread of the disease at home.

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