Saudi crown prince joins world leaders in Japan for G20 summit

Arab News
June 28, 2019

Osaka, Jun 28: Leaders of the most powerful nations on earth arrived in the Japanese city of Osaka amid storms and downpours — with the possibility of further disturbances ahead when they meet formally for the first time today to begin the two-day G20 summit.

Saudi Crown Prince Mohammed bin Salman was among those who arrived on Thursday ahead of a gathering that will focus on trade, demographics, the environment and the digital economy.

US President Donald Trump arrival was accompanied by a flurry of Twitter comments by him about some of the other heads of state attending this 14th meeting of world leaders. It comes at a time when tensions between the United States and its international rivals are running higher than they have for years.

Trump is expected to confront the biggest issue looming over Osaka — the escalating trade war with China — during a one-to-one meeting with his Chinese counterpart President Xi Jinping. The US leader is also at odds with the EU and India over trade and other geopolitical issues. He has also criticized his host, Japanese Prime Minister Shinzo Abe, over his posture on defense.

The large Saudi delegation led by the crown prince touched down in the city ahead of today’s “family portrait” the leaders that traditionally marks the start of the summit. The leaders will then meet to discuss the digital economy and global trade and investment, before heading off for a cultural program and dinner at Osaka’s Geihinkan castle.

The culmination of the gathering is the publication of a joint communique at the end of the summit, in which the world leaders traditionally attempt to display a united front in tackling pressing global issues such as climate change, trade and the economy.

The event is taking place amid tight security in the city, which is 500 km from the capital Tokyo, as Japanese authorities fear protests by environmental activists and others. Travel and transport are severely restricted on the route from the airport in Osaka Bay to the International Exhibition Center, or Intex, where the summit is taking place.

Next year, Saudi Arabia will become the first Middle Eastern country to host the event, in Riyadh.

Saudi Ambassador to Japan Naif bin Marzouq Al-Fahadi said: “The recent reforms in the Kingdom, especially economic ones, have contributed to strengthening the image of the Kingdom globally and raising its level of influence in international forums.”

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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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News Network
July 18,2020

Dubai, July 18: An NRI student who passed away in Dubai shortly after shortly after attempting his Central Board of Secondary Education (CBSE) Grade 12 papers in March, has scored an impressive 91.4 per cent on his board examinations, including 100 in his media studies paper.

Ahmed Ziyad, a student of GEMS Our Own Indian School in Al Qouz, Dubai, died on March 19, suffered a heart condition called Hypertrophic cardiomyopathy (HCM) that stopped him from being active in sporting activities.

Ziyad's parents, teachers, and classmates remember him as a very ambitious pupil, who wanted to launch his own business and achieve great things in his life. His board results are - mass media studies 100, Marketing 97, English 84, Entrepreneurship 82, and Home Science 94.
 
Ziyad's father, Shanavaz Manangath, a real estate professional who has been a resident of Dubai for over two decades said, "Six months ago, he had collapsed while playing with his friends. Since there was an irregularity in his heartbeat, he could not take part in any strenuous activities." He added, "Ziyad had just started playing with his friends on March 19 when he suddenly collapsed and died shortly after. My family has not been able to overcome his loss."

Unable to hold back his tears, an emotional Manangath said Ziyad wanted to do his BBA and launch his own business, "He was very ambitious. Honestly, I haven't looked into his board exam results, but, I know he had studied very hard for the exams."

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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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