Jeddah becoming more greener

Arab News
October 19, 2018

Riyadh, Oct 19: Five hundred parks in Jeddah have contributed to softening the public face presented to the world and its visitors by the Bride of the Red Sea. 

These green breathing spaces have become a resource for Jeddah locals and visitors alike. They are vital pieces in the patchwork of green spaces that are estimated to cover 20 million square meters.

Jeddah municipality has a commitment to increasing green spaces in Jeddah through garden and reforestation projects throughout the province.

The mayor of Jeddah province, Saleh Ali Al-Turki, said that the Secretariat is in the process of improving and developing the parks and increasing green spaces. 

He added that the secretariat has signed partnership agreements with the private sector and institutions for initiatives to develop parks, buildings and pedestrian walkways.

Al-Turki stressed that public parks are important elements to improve the environment and the quality of life. As such it is important to foster partnerships between the public and private sectors to develop this environmental element.

These efforts are supported by the work of Friends of Jeddah Parks, within the framework of social responsibility and with a strong partnership with governmental bodies and donors to create and care for public gardens and open spaces and benefit from them while promoting recreational, cultural, sporting, health and intellectual activities and contributing to bond with members of society.

Park expansion

The province of Jeddah has managed to expand the establishment of such parks throughout the province’s neighborhoods, taking into account the geographical scope and urban sprawl, amid strengthening the role of the private sector and civil society institutions in supporting, caring for and establishing public parks in the context of social responsibility.
 
It has also succeeded in organizing a number of cultural and recreational events for the parks’ visitors, and maintaining them as a social forum for a number of families and children.

There is ongoing work to establish short- and medium-term plans to improve the parks, in addition to expanding green spaces throughout the province through implementing additional projects so that these resources are able to cater for a large number of visitors and citizens. The parks need to be maintained as social, recreational, sporting and environmental outlets.

In addition to the parks, there are recreational clubs and centers, which provide children, young people and families with playgrounds, green spaces, playgrounds, and paved areas.

Dhaban Marine Park, which is located 40km north of Jeddah, is part of the government’s initiative to provide appropriate environmental and recreational places for Jeddah’s citizens and visitors. It covers an area of 110,000 square meters along the waterfront. It is equipped with recreational facilities and football fields for children, in addition to a mosque, pathways, a versatile football field, children’s games, sandy beaches and a fishing area that includes tools and sporting equipment on the pedestrian’s walkway.

Best in Jeddah

The park’s landscaping and green areas cover 38,000 square meters with 312 palm trees, 5,000 trees and bushes, children’s play areas for 25 different sports. 

As one of the best parks in Jeddah, this is a beautiful recreational area where all family members can spend a special day and young people can benefit in a space dedicated for them. It also offers a sandy beach equipped for fishing.

Jeddah’s landmark Al-Saif Beach covers an area of 500 square kilometers and stretches over three kilometers. It was created as part of the initiative to develop the southern corniche to serve a large segment of citizens. It is equipped with public utilities to attract tourists and become an outlet for families and visitors of Jeddah.

Al-Saif Beach is a maritime façade that attracts all segments of society with its infrastructure, recreational areas and green spaces, family areas and children’s play areas. Not only does it offer public facilities such as automated smart toilets, parking lots and specialized prayer areas it also has a sandy beach for beach ball games.

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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
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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News Network
February 5,2020

The Organisation of Islamic Cooperation (OIC) has said it rejects US President  Donald Trump 's recently unveiled Middle East plan.

The 57-member body, which held a summit on Monday  to discuss the plan in Saudi Arabia's Jeddah, said in a statement that it "calls on all member states not to engage with this plan or to cooperate with the US administration in implementing it in any form".

Requested by the Palestinian leadership, the meeting of the body came two days after the Arab League rejected Trump's so-called "deal of the century", saying: "It does not meet the minimum rights and aspirations of Palestinian people."

Addressing a pro-Israel audience at the White House with Israeli Prime Minister Benjamin Netanyahu by his side, Trump on Tuesday described his long-delayed plan for resolving the Israeli-Palestinian conflict as a "win-win solution" for both sides.

The US president said his proposed deal would ensure the establishment of a two-state solution, promising Palestinians a state of their own with a new capital in Abu Dis, a suburb just outside Jerusalem. Trump also said Jerusalem would be the "undivided capital" of Israel. The Palestinians want both occupied East Jerusalem and the West Bank to be part of a future state.

Palestinian leaders, who were absent during the announcement and had rejected the proposal even before its release, denounced the plan as "a new Balfour Declaration" that heavily favoured Israel and would deny them a viable independent state.

The OIC said in a statement on Twitter on Sunday that its "open-ended executive committee meeting" at the level of foreign ministers would "discuss the organisation's position after the US administration announced its peace plan".

With member states from four continents, the OIC is the second-largest intergovernmental organisation in the world after the United Nations, with a collective population reaching more than 1.8 billion.

The majority of its member states are Muslim-majority countries, while others have significant Muslim populations, including several African and South American countries. While the 22 members of the Arab League are also part of the OIC, the organisation has several significant non-Arab member states, including Turkey, Iran and Pakistan. It also has five observer members, including Russia and Thailand.

Iran 'barred'

Meanwhile, Iran on Monday accused its regional rival Saudi Arabia of blocking its officials from attending the OIC meeting.

"The government of Saudi Arabia has prevented the participation of the Iranian delegation in the meeting to examine the 'deal of the century' plan at the headquarters of the Organization of Islamic Cooperation," Fars news agency quoted Abbas Mousavi, spokesman for Iran's foreign ministry, as saying.

Mousavi said Iran - one of the countries to strongly condemn Trump's plan - had filed a complaint with the OIC and accused its regional rival of misusing its position as the host for the organisation's headquarters.

There was no immediate comment from Saudi officials.

Following the unveiling of Trump's plan, the Saudi foreign ministry expressed appreciation for Trump's efforts and support for direct peace negotiations under Washington's auspices, while state media reported that King Salman had called Palestinian President Mahmoud Abbas to reassure him of Riyadh's unwavering commitment to the Palestinian cause.

The announcement of Trump's plan drew mixed responses from Arab states.

Observers said the reaction was indicative of the division among Arab countries and their inability to prioritise the Palestinian people's plight over domestic economic agendas and political calculations in relation to the Trump administration.

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