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Fake Haj firm robs 650 Arabs of SR1.6 million

October 7, 2014

Fake Haj firm

Mina, Oct 7: A total of 650 pilgrims were found sleeping in a rundown private school in Al-Aziziah next to Mina without food, water and transport on Sunday, allegedly victims of a fake Haj firm.

The pilgrims, from various Arab countries, claimed they paid SR1.6 million to the operator in Buraidah, Qassim, to take them on the holy pilgrimage. They allegedly paid between SR2,000 and SR4,000 for transport, two meals a day and accommodation.

Some pilgrims claimed that the company in Qassim operated under other names in the region. They were allegedly transported in 13 buses to Al-Sail, where a company official apparently told them that they would have to wait until the day of Arafat before trying to enter the holy sites. This was because the police would not check Haj permits on that day.

The pilgrims said they were then forced to enter the holy sites in private cars. When they arrived in Mina on Thursday, Dhul Hijjah 8, they found that the company had not provided them transport between the holy sites, and no food. There were elderly people and children with the group. Some were sick and did not have money to buy food.

Some pilgrims claimed they had to hire their own transport to take them to Arafat on Friday. Others said that the company's director provided them with transport after they threatened to report him to the police. They said they were exhausted and hungry.

A few pilgrims said that after they returned to Mina from Arafat they contacted the company director to demand the accommodation he allegedly promised. However, when they went to the place where they were supposed to stay, it was a rundown private school without proper washing facilities and basic security. The school was so small, some had to sleep out in the yard, they claimed.

The pilgrims said a Saudi owned the company. However, when contacted the citizen claimed he was only an intermediary and that expatriates ran and owned the company, which included Egyptian, Sudanese and Pakistanis.

The pilgrims claimed that the Saudi man provided them with air-conditioning units after they threatened to report him to the police.

A worker from the company said these accusations were false, but admitted the company organized pilgrimages without permits.

He refused to answer further questions.

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News Network
May 7,2020

Dubai, May 7: The holy month of Ramadan is expected to be a 30-day month this year, said Ibrahim Al Jarwan, member of the Arab Union for Astronomy and Space Sciences.

According to Arabic daily Emarat Al Youm, he said that Sunday, May 24, will mark the end of the holy month of Ramadan and the beginning of Shawwal.

Additionally, he said that the crescent of Shawwal will occur on Friday, May 22, at 9.39pm, after sunset, and will be visible on Sunday, May 24, the beginning of Shawal, which makes Ramadan a 30-day month this year.

He added that the next Ramadan is expected to start on April 13, 2021, and the one after that on April 2, 2022.

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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
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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