United in grief, citizens across Saudi condemn terror attack

May 30, 2015

Riyadh, May 30: In widespread condemnation across Saudi society, prominent citizens reacted strongly on Friday to yet another terror attack in which a suicide bomber blew himself up near a mosque in Damman leaving four people dead.

terror attack

Governments and top officials from different countries have expressed their deep sorrow at the fresh suicide bombing that came exactly a week after a bomber killed 21 people and injured over 100 in a mosque in Qatif.

Reacting to the terror attack, Mohammed Alkhnessi, a member of the Shoura Council, said: "We really feel sorry for what happened today and last week exactly at the same time of prayer in the mosque; this is a deeply disturbing and destabilizing act of terror."

"The perpetrators of these terror attacks have only one agenda which is to disturb the peace, and I am sure they will never succeed as the government and security establishments are fully prepared to thwart and ready to follow up with the appropriate actions," he added.

He addd: "We have full faith in our security systems and administration to maintain peace and stability, and bring the perpetrators of such a heinous crime to book."

He maintained that IS, or the so-called Islamic State, once again took responsibility for the attack, which is disturbing, and it is time to stop the growing menace.

Sadaka Yehia Fadil, a senior member of the Shoura Council, told Arab News: "We are fighting terrorism and are part of an international coalition against the menace; in fact we are one of the most successful states fighting terrorism, dealing with all threats and very successfully thwarting any such attempt by extremists."

He added that the Ministry of Interior and security agencies are well prepared and handling the issues appropriately one after another.

He exuded confidence: "I am sure the perpetrators of the terror attack in Dammam will not be spared and the culprits will be arrested and punished sooner rather than later."

He underlined that there is need to identify patterns and apply pre-emptive tactics against such a ruthless act of terrorism aimed at disturbing the peace.

"We very strongly condemn the act of terror. Islam is a religion of peace and completely prohibits violence and extremism in the strongest words. Those involved in such activities are ill advised and wrongly informed on Islam. They cannot be Muslim — they are misled people with very wrong interpretations of Islam," he said.

Mohammad Al-Ameen Khatari, head of the Islamic Affairs Bureau in Madinah, also expressed deep anguish and sorrow over the killings in Dammam and expressed his deep sympathy and condolences to families of the victims of this heinous crime.

He said: "This terror attack is an attempt to continue the hate campaign by the perpetrators of terrorism and aims to destabilize this peaceful country by creating a sectarian divide. They will not succeed at all. We, the people, are with the state to ensure that.”

He added that all preachers at mosques across the Kingdom have strongly condemned the terrorist attack in the Eastern Province.

Saud M. Al-Suwaileh, who works with the Ministry of Finance as an economist and the former manager of the US-Saudi Business Council, told Arab News: "They are evil and simply trying to disturb peace by seeking attention; this is not going to happen and they will be punished."

He also blamed Iran for playing dirty games in the region by disturbing the peace.

"Our government is ready to thwart any such attempt," he said.

Affirming full faith in the security systems and the government, Zeyad Abdullah, a citizen, said the “state and its machinery is proactive to ensure safety and security. No matter who violates it, the culprits will be punished for sure. So let us all be one with the government to defeat terrorism.”

The Pakistan Ulema Council also condemned the terror act. Sheikh Tahir Mehmood Ashrafi, president of the council, said: "This is a plan from external regional elements to destabilize peaceful coexistence in the Kingdom."

The council also pledged support to Custodian of the Two Holy Mosques King Salman in the fight against terrorism.

The Kingdom of Bahrain denounced the Anoud Mosque terrorist attack, describing it as an act of cowards.

Notably, the government condemned the attacks as terrorism and Grand Mufti Sheikh Abdul Aziz Al-Asheikh called the terror attack a “criminal” act against the “sons of the homeland.”

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News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

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Gulf News
May 29,2020

Dubai: There aren’t that many job vacancies right now – but be prepared for a 15-20 per cent cut in salary expectations even for those positions that are still open. Businesses in the UAE are definitely not in a generous mood when it comes to hiring, with salary cuts now part of the new normal.

And they are definitely not willing to take on new hires without extracting some cost benefit from them. “We have seen major [salary] cuts across the board in hospitality, real estate, professional services and in retail,” said Vijay Gandhi, regional head at Korn Ferry Digital, the recruitment consultancy.

“And once the headcount correction is complete in [the local] financial services and energy sector, we may see more cuts in rewards and benefits in these categories as well.”

The salary cuts are slowly extending their way into the healthcare sector as well – just about every non-COVID-19 facing medical category is coming across cuts in the number of working hours and, by extension, their take home packages.

By end of June, more businesses and sectors in the UAE will have a better understanding of their short-term revenue prospects. By then, they will also have a better reading on what their staff strength should be – and whether there should be more trimming of the workforce. Or whether they should consider a few hires as well.

A long summer
So, realistically, it could be September before such decisions need to be taken. The coming weeks will then prove to be laden with anxiety for those who are expecting to land a job option after being laid off at their current employers.

There are multiple instances of recruitment decisions having been made in February/March, and then the companies rescinding those offers to the chosen candidates citing the business uncertainty.

“The decision to hire is taking longer – so job creation is now 4-6 weeks from interview and selection compared to 4-6 days in the past,” said Gandhi.

The lucky ones
Recently, free zones and other entities had made it easier for personnel on the visa of one entity being able to smoothly transfer to another if they are likely to be made redundant. “We are seeing more flexibility being offered by the authorities given the circumstances, and the visa transfer process is happening,” said Gandhi.

“But in the vast majority of cases, businesses are going to wait and watch before normal hiring activity starts. Organizations will look to hire from September.”

A few hires are still happening
Even in the business turmoil set off by COVID-19, a few categories are still offering jobs. At the entry level, logistics services personnel and drivers with experience remain in demand.

Not just “routine jobs, there have been confirmations in more technical roles such as procurement and operations in healthcare and e-commerce,” said Gandhi. “Employers should keep an eye for good talent and have the talent acquisition team actively looking for good profiles.

“As such, organizations are not only looking at “right sizing” in numbers but also “future proofing” on what kind of skilled talent will help them in the post-COVID-19 world.”

But for the candidates, the present will be about waiting around for the call to come.

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coastaldigest.com news network
June 29,2020

Dubai, Jun 29: Saeed bin Ahmed Al Lootah, a pioneering Emirati businessman and the founder of the world's first Islamic bank, is no more. He breathed his last on June 28.

Born in 1923, Saeed was instrumental in setting up the Dubai Islamic Bank (DIB) in 1975 to provide the community with a Sharia-compliant alternative to conventional banking.

He established several companies, organisations and societies, including the Dubai Consumer Cooperative. He also established the Islamic Education School in 1983 and the Dubai Medical College for Girls in 1986.

In 1992, Haj Saeed established the first College of Pharmacology in Dubai. Later he launched the Dubai Centre for Environmental Research, the Dubai Specialised Medical Centre, and the Medical Research Labs for health control and research into medicinal herbs and Islamic (Nabawi) medicine. He also set up an orphanage.

Saeed bin Ahmed Al Lootah was a self-made businessman who progressed from being a seafarer and trader to an accomplished tutor, author, economist, banker, entrepreneur, businessman and visionary community leader.

According to details available on the S.S. Lootah Group website, his "fervent adherence to the core values of education, cooperation and economy" helped empower "people to excel at everything they do".

"He realised the need to build permanent houses and ventured into construction. His 'capital' at that time were his skills, knowledge and hard work," the website said.

He laid the foundation of S.S.Lootah Contracting Company as a joint venture with his brother Sultan in 1956. "With the enduring values of education, cooperation and economy set as the foundations of his work, Haj Saeed started a number of businesses as well as not-for-profit education and research ventures, with an aim to serve the people of the UAE.

"Thanks to his vision and leadership, our home grown ventures continue to demonstrate unique values that extend well beyond its functional benefits - creating greater economic, social and environmental benefits for people in UAE and beyond."

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, took to Twitter on Sunday to offer his respects.

Sheikh Mohammed said: "He was a trader who started with nothing. His touch is visible in several aspects of the Dubai economy."

Calling the deceased a "wise and smart man", Sheikh Mohammed said: "May Allah bless his soul and grant his family the strength to endure and persevere."

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, also paid his respects. "He combined economic leadership with charitable work. He launched charitable educational institutions and sponsored many orphans. His memory will live on. May Allah have mercy on him and grant his family patience."

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