1. Home
  2. Saudi Entertainment sector helps boost economy, social cohesion: Report

Saudi Entertainment sector helps boost economy, social cohesion: Report

May 8, 2017

Riyadh, May 8: The entertainment sector supported by the General Authority for Entertainment (GAE) generates SR2.02 for every riyal spent on the organization of an event, according to a report by the GAE.

SEntertainment

Some 106 events organized in 21 Saudi cities in a period of less than one year were responsible for millions of riyals spent in the Kingdom, instead of being spent abroad, said the report.

Since its inception, on May 7, 2016, the GAE has adopted a clear-cut approach that focuses on empowering private sector institutions to organize and provide valuable programs using the latest developments in this industry and in line with long-standing values of the Kingdom, based on the teachings of Islam, the report said.

The entertainment sector, the report also said, is among the top job-generating and skill-supporting sector. It has also played a role in instilling the concept of volunteering, and in linking job seekers to businessmen, thus contributing to helping realize the Saudi Vision 2030, the report said.

GAE will go continue its programs and further boost the entertainment industry, and will seek to partner with the private sector, thus becoming a key job provider for Saudi youths, the report said.

GAE has so far provided some 20,000 jobs in this sector since its inception and supported some 106 events with visitors exceeding 2.3 million, the report said.

GAE plans to lend its support to more than 3,000 events that fall under seven categories, in cooperation with other government agencies, the report said.

The report said that GAE will play an important part in the realization of the Vision 2030 as it will support the efforts of private and non-profit sectors from different regions and provinces to organized entertaining events and functions, as well as help use government funds to establish and develop entertainment centers where citizens and residents can put to good use their capacities and talents.

GAE will also encourage local and foreign investors, partner with global entertainment companies to establish cultural and entertainment projects, such as libraries and museums, as well as support talented citizens, be they writers or producers, and encourage cultural and entertainment activities that cater to the taste of all categories of people, the report said.

GAE will strive to generate more jobs and support the economy through the sale of tickets and food, through transportation or indirectly through spending on goods and services linked directly to certain events, such as production and marketing services, the report added.

Detailing the social objectives, the report said GAE will provide different entertainment options in order to meet the requirements of different categories of population, will contribute to cementing social cohesion and tolerance, and improve the Kingdom’s image in the world.

According to the report, the number of visitors to GAE-sponsored events in 21 cities Kingdom-wide increased steadily from 34,000 in October 2016 to more than 2.3 million by the end of April 2017.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Gulf News
April 12,2020

Hyderabad, Apr 12: In the backdrop of rising tide of anti-Muslim hatred and Islamophobia on the social media, a company in Dubai sacked an employee from Hyderabad for his hate-filled posts on Facebook.

Bala Krishna Nakka from Hyderabad, who was working as Chief Accountant at Dubai’s Moro Hub Data Solutions Company, was sacked after his Facebook went viral evoking widespread condemnation. The man had posted images on his Facebook page which showed Muslims as suicide bombers wearing bombs in the form of coronavirus cells.

It triggered demands both on Facebook and Twitter for action against him. In a quick response the company announced that the person was being sacked from his job, as the company had zero tolerance towards hate propaganda.

Moro Hub said in a statement: “At Moro, we take a zero tolerance attitude to material that is or may be deemed Islamophoic or hate speech. The tweets that we have been alerted to do not, in any way, reflect Moro’s brand values.”

Since the outbreak of coronavirus in India, a more intense hate propaganda has been unleashed by right wing elements on social media targeting India’s Muslim minority, some of whom are based in Gulf region.

As both the mainstream media, especially Indian TV channels, as well as social media users, have unleashed a campaign linking the spread of virus to a Muslim missionary organisation, the Tableeghi Jamaat, in India, a fresh war of words has broken out on social media.

While some activists have taken up it on themselves to highlight the hate propaganda and draw the attention of employers to such hate mongers, the right wing social media handles have also launched their own counter-offensives against such activists.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.