Smart taxis in all Saudi cities in 45 days

December 8, 2014

Jeddah, Dec 8: Under new laws for public taxis that come into effect in 45 days, commuters in the Kingdom will no longer hail cabs on the streets.taxi

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup. Sources involved in the new taxi legislation told local media that these regulations come as part of a set of solutions to reduce traffic congestion in the cities. The sources added that renewal of licenses for taxi companies will be withheld until they comply with the new regulations.

As part of these directives, it is stipulated that each vehicle will have a device installed that directly links it with the National Information Center of the Ministry of Interior. Using audio communication devices or via the internet, each taxi company will have at least one vehicle equipped with special appliances to serve handicapped people, a dress code for the drivers and will pay attention to their drivers' personal hygiene.

Those who violate the new regulations will face fines that range from SR500 to SR2,000. A Transport Ministry committee will ensure the application of the regulations, noting that specified parking sites will be allocated for the taxis in Riyadh, Jeddah and Damman, in a bid to curb the number of vehicles on the streets.

The most challenging reason for traffic congestion in the cities are taxis, since more than 200,000 vehicles, mostly driven by expatriates, crowd the already busy streets.

The most challenging reason for traffic congestion in the cities are taxis, since more than 200,000 vehicles, mostly driven by expatriates, crowd the already busy streets.

There have been public demands for some time for regulating and developing the sector in terms of services offered, economic feasibility, hygiene issues, prices and protection of passengers.

An official at the General Authority for Civil Aviation (GACA) said a project will soon be in place to improve taxi services at international airports of the Kingdom (King Abdulaziz International Airport in Jeddah, King Khaled International Airport in Riyadh and King Fahd International Airport in Dammam).

The project will later be extended to include all domestic airports across the country so that taxis will be modern and equipped with the most advanced technologies to offer quality services.

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News Network
July 23,2020

Beirut, Jul 23: The pandemic will exact a heavy toll on Arab countries, causing an economic contraction of 5.7% this year, pushing millions into poverty and compounding the suffering of those affected by armed conflict, a U.N. report said Thursday.

The U.N.'s Economic and Social Commission for Western Asia expects some Arab economies to shrink by up to 13%, amounting to an overall loss for the region of $152 billion.

Another 14.3 million people are expected to be pushed into poverty, raising the total number to 115 million — a quarter of the total Arab population, it said. More than 55 million people in the region relied on humanitarian aid before the COVID-19 crisis, including 26 million who were forcibly displaced.

Arab countries moved quickly to contain the virus in March by imposing stay-at-home orders, restricting travel and banning large gatherings, including religious pilgrimages.

Arab countries as a whole have reported more than 830,000 cases and at least 14,717 deaths. That equates to an infection rate of 1.9 per 1,000 people and 17.6 deaths per 1,000 cases, less than half the global average of 42.6 deaths, according to the U.N.

But the restrictions exacted a heavy economic toll, and authorities have been forced to ease them in recent weeks. That has led to a surge in cases in some countries, including Lebanon, Iraq and the Palestinian territories.

Wealthy Gulf countries were hit by the pandemic at a time of low oil prices, putting added strain on already overstretched budgets. Middle-income countries like Jordan and Egypt have seen tourism vanish overnight and a drop in remittances from citizens working abroad.

War-torn Libya and Syria have thus far reported relatively small outbreaks. But in Yemen, where five years of civil war had already generated the world's worst humanitarian crisis, the virus is running rampant in the government-controlled south while rebels in the north conceal its toll.

Rola Dashti, the head of the U.N. commission, said Arab countries need to “turn this crisis into an opportunity” and address longstanding issues, including weak public institutions, economic inequality and over-reliance on fossil fuels.

“We need to invest in survival, survival of people and survival of businesses,” she said.

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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
April 11,2020

Dubai, Apr 11: Saudi Arabia has reported another 382 new cases of coronavirus, bringing the total number of infections in the country to 4,033, the Ministry of Health announced on Saturday.

The ministry also confirmed five more deaths from the virus, pushing the death toll in Kingdom to 52.

A total of 35 people has made full recovery from the deadly disease, taking the tally of patients recovered to 720.

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