UAE motorists’ alert: New speed limit to come into force from Aug 12

Agencies
August 8, 2018

Abu Dhabi, Aug 8: Beginning August 12, motorists crossing the set speed limits on Abu Dhabi roads, even by 1kmph, will be fined for speeding as the Abu Dhabi Police have decided to abolish 20kmph speed limit buffer.

The General Directorate of Abu Dhabi Police announced earlier hat the speed limit on the roads will be revised and motorists can no longer enjoy the buffer from August 12 onwards. Speed limits on highways and internal roads will be increased by the buffer margin from this date.

Major-General Mohammed Khalfan Al Romaithi, Commander-in-Chief of the Abu Dhabi Police and a member of the Executive Council, said that the decision to amend the speed limit on the roads was taken after several scientific studies.

Earlier this month, the Abu Dhabi Police hinted at plans to abolish the speed limit buffer on certain roads in the Capital.

Currently, most roads in the Capital have a buffer that allows motorists to travel 20kmph faster than what is advertised as the speed limit, without being penalised or fined.

An Abu Dhabi Police official told Khaleej Times that enhancing road safety and security and reducing the number of road accidents, injuries and fatalities is a priority for the authorities.

"The Abu Dhabi Police will continue to do what we can to ensure the safety of all road users in the Capital. We urge all motorists to be cautious on the roads, to drive safely, watch their speed limit, ensure they and their passengers are buckled up, not to use their mobile phones while driving, to keep a safe distance between vehicles and to abide by other road rules," the official said.

In January, the Abu Dhabi Police revealed that motorists in the emirate were slapped with 4.6 million traffic fines in 2017, with a majority being related to speeding.

Speeding topped the list of traffic violations which comprised 79.8 per cent of the total fines.

The police announced that speeding tickets reached 3.8 million last year, whereas in 2016, speeding tickets reached 3.7 million. However, officials have not yet revealed the total number of speeding tickets slapped on motorists this year.

The Abu Dhabi Police adopted a set of recommendations and technical procedures that will contribute to implementing the new speed limit.

Major-General Al Romaithi pointed out that the decision on the new speed limits and the removal of the speed buffer, was based on scientific studies carried out by a specialised team of the General Command of Abu Dhabi Police, departments of transport and urban planning and municipalities.

He stressed that the studies focused on conducting a traffic survey to identify the road behaviour of drivers compared to the speed limit of the road, and comparisons of standard speed and speed limit buffer. Some countries have achieved outstanding results in traffic safety levels after such studies. Major-General Al Romaithi urged the motorists to deal positively with the new road speed limits.

 

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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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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Agencies
April 26,2020

Riyadh, Apr 26: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia has issued an order to partially lift the curfew in all regions of the Kingdom, to become from 9am to 5pm, starting Sunday through Wednesday May 13, while keeping a 24-hour curfew in the holy city of Makkah and in previously isolated neighbourhoods, state news agency (SPA) said early on Sunday.

The order also allowed the opening of some economic and commercial activities, which include wholesale and retail shops in addition to malls.

They can operate for two weeks, beginning on April 29 (Wednesday) until May 13 (Ramadan 6-20), however, certain shops within malls like beauty clinics, barber salons, gyms, cinemas, and restaurants will continue to be restricted from reopening.

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