Davos 2017: Saudi foreign minister says US has ‘most to lose’ from JASTA

January 18, 2017

Davos, Jan 18: The US has the most to lose from the controversial Justice Against Sponsors of Terrorism Act (JASTA) bill, Saudi Arabia’s foreign minister has said.

JASTAThe bill’s limitation of sovereign immunities would leave the US open to being sued by almost every country on the planet, Adel Al-Jubeir warned at the World Economic Forum (WEF) Annual Meeting in Davos.

“The country that has the most to lose from dilution of sovereign immunities is the US itself. And American officials know this. Because America has the largest footprint in the world, they operate all over the world, they’re fighting wars all over the world,” he told the WEF meeting on Tuesday.

“If that principle is eroded, then the US could be sued in virtually every country in the world.”

Al-Jubeir, answering a question posed by Arab News, said that he hoped Congress would see sense regarding JASTA.

“When you dilute sovereign immunities, you turn the international order into the law of the jungle. For example, allowing a country to use your airspace in warfare could subject you to a lawsuit. Using drones could subject you to lawsuit,” he said.

“Our hope is that wisdom will prevail and the Congress will do the right thing.”

The minister was addressing the 47th WEF in Davos, the annual meeting of global movers and shakers. The meeting concludes Friday — the same day Donald Trump is set to be sworn in as US president.

Al-Jubeir said he expects the US to go through “a period of engagement with the world” under the new administration.

He would like to see “more American engagement in the world, more American engagement in the region, rebuilding of relationships with allies, a serious effort to destroy ISIS, a serious effort to contain Iran. And I think the change will happen.”

The minister also used the Davos platform to express his concern over Iran’s activities in the Middle East region, saying that Tehran should be held responsible for its “support of terrorism”.

“Iran has been single-handedly the most important supporter of terrorism in the region,” Al-Jubeir said. “I find it interesting that virtually every country in the world has been attacked by Al-Qaeda and Daesh, except Iran. Why?”

There are “a number of countries including Saudi Arabia” that have concerns about the nuclear deal between Iran and Western powers, the minister added.

“Do people trust the Iranian regime in not trying to acquire a nuclear weapon? I don’t think they do,” he said. “The fact that it has gotten away with so much over so many years is an issue of great concern.”

Earlier on Tuesday, Chinese President Xi Jinping gave an address to the forum in Davos, in which he issued a stark warning against protectionism and promoted globalization.

In what has been interpreted by some as a message to the new US president, Xi told the Annual Meeting in Davos: “No one will emerge as a winner in a trade war.”

Al-Jubeir said China’s rise on the world stage should be welcomed, not seen as a threat. “The rise of China should be a source of stability rather than conflict,” he said.

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News Network
April 15,2020

Dubai, Apr 15: Saudi Arabia reported 493 new cases of coronavirus, bringing the total number of infections in the country to 5869, the Ministry of Health announced on Wednesday.

According to the ministry of health, the number of recoveries today are 42 cases, making total of recoveries in the kingdom 931. And 71 critical cases in intensive care.

The ministry also confirmed 6 deaths bringing the total number of deaths in the kingdom to 79.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice.

Overall, Saudi Arabia has reported one of the lowest rates of infection in the region, with around 5,000 cases in a population of over 30 million. Mecca was one of the first Saudi cities to be placed under a full-day curfew, and authorities took unprecedented precautions, suspending religious tourism in February and closing mosques across the country in March.

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News Network
June 23,2020

Riyadh, Jun 23: Authorities in Saudi Arabia have decided to allow a limited number of citizens and residents who are already in the Kingdom to do this year’s Haj.

In a statement on Monday, the Ministry of Haj and Umrah said that in light of the continuation of the coronavirus pandemic and the risks of infections spreading in crowded spaces and large gatherings, it has been decided that Haj for this year (1441 H/ 2020 AD) will be held whereby a very limited number of pilgrims from various nationalities who already reside in Saudi Arabia, would be able to perform it.

“The decision was taken to ensure Haj is performed in a safe manner from a public health perspective while observing all preventative measures and the necessary social distancing protocols to protect human beings from the risks associated with this pandemic and in accordance with the teachings of Islam in preserving the lives of human beings, the statement added.

“The government of the Custodian of the Two Holy Mosques is honored to serve millions of Haj and Umrah pilgrims annually and it confirms that this decision stems from the top priority it accords maintaining the safety of pilgrims on its land until they depart to their home countries.”

“We ask Allah the Almighty to protect all countries from this pandemic and keep all humans protected and safe, the statement said.

Saudi Arabia’s top priority is to always enable Muslim pilgrims to perform Haj and Umrah rites safely and securely and the Kingdom has been keen since the beginning of the pandemic to take all necessary precautionary measures to protect pilgrims, including by suspending the entry of Umrah pilgrims while ensuring the safety of the pilgrims already present at the holy sites, the statement further added.

Commenting on the Haj decision, the Saudi Human Rights Commission said that Saudi Arabia believes in the universal right to health. Limiting Haj not only protects the Kingdom but also many pilgrims and the communities they call home around the world.

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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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