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GMU’s ‘Global Day 2017’ celebrates cultural diversity

March 11, 2017

Gulf Medical University (GMU), the leading medical university in the region owned and operated by Thumbay Group celebrated its annual ‘Global Day 2017’on Friday, 10th March 2017. The event, held at the university grounds in Ajman had around 3000 visitors including the university studentsand staff as well as their friends and relatives. Every year, GMU celebrates the Global Day, which provides the students a platform to display the essence of their ethnicities and cultures.

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The Global Day celebrations were inaugurated by Prof. Gita Ashok Raj - Provost of GMU, in the presence of the Deans of GMU’s colleges.Accompanied by the Deans, she toured the country pavilions where students had exhibited the food and costumes, as well as other exhibits relevant to their culture and history. Appreciating the students for their efforts, she said that the annual Global Day was GMU’s way of bringing together students, faculty, staff and their families to celebrate the University’s ‘Unity in Diversity’. The venue was also visited by Mr. ThumbayMoideen - Founder, President of the Board of Governors of GMU.

The GMU campus was gleaming with a variety of hues as the students, who hail from as many as 75 nationalities, were dressed in their respective traditional attires. Students also performed on stage, entertaining the audience with some great displays of talent. Individual country pavilions set-up at the venue presented the national heritage of the respective country and treated visitors to some delicious ethnic food. Various competitions were held, such as selection of the best pavilion, food, hospitality, teamwork, country performances, as well as talent and fashion shows.

Prof. Gita Ashok Raj awarded the prizes to the competition winners. Iraq and UAE students won the Overall Champions prize.

Prizes in various categories

Pavilion Prizes: 1st Prize: UAE, 2nd Prize:Palestine, 3rd Prize:Iraq

Honorary Pavilion Prizes: Best Entrance Gate: Pakistan, Best Cultural Food: Egypt, Best Hospitality: India and Best Teamwork: Syria

Fashion Show: 1st Prize: Palestine, 2nd Prize: Eqypt, 3rd Prize: Iraq

Country Performances: 1st Prize:India, 2nd Prize:Nigeriaand 3rd Prize:UAE

Talent Show Winners (Individual Performances): 1st Prize: Mr. Khalid, 2nd Prize: Ms. Aiswarya, 3rd Prize: Ms. Yasmin; Participation prizes: Khalid Muhammad Rasha, Latif& Abdul Salam

Overall Champions: Iraq & UAE

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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 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
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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