Major fire guts 34-floor residential building in Sharjah

April 28, 2012

firebuilding

Sharjah, April 28: A massive fire broke out at around 2:30 am on Saturday morning on the north side of Al Tayer buliding in the Al Nahda area of Sharjah.

Panic spread among the residents living in the building when fire broke out but they managed to escape unhurt.

But residents fear many pets left behind by them in the 34 floor residential building may not survive the fire. The reason for the blaze is still unknown.

Civil defense and police reacted fairly quickly and ambulances, firefighters were quickly dispatched. Cilvil defense team from Ajman also rushed to fire site.

However, the residents say they could not see any of the building management and officials during the whole incident.

Residents said the water to dowse the building fire came only an hour after the fire swathed the building.

Till 9:30 am flames could be seen in some of the floors and smoke billowing out of the building but none of the dozen or so fire tenders were seen doing anything.

The residents, who were stranded outside, were asked by the police to gather at the nearby Al Nahda park and register themselves.

Residents also claim that the water sprinklers or the smoke alarm system were out of service and did not work.

In fact some of the residents tried to put out the fire with the water hose in the building but there was no water there.

Eye witnesses say the fire was almost contained but since there was a delay in dispensing water the situation went out of control.

One of the angry residents said that there have been several fire incidents in Al Nahda area which is crowded with high rise buildings and by now the civil defense should have managed to work out a plan to deal with such situations that have hit Al Tayer building today.


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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
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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News Network
July 10,2020

Dubai, Jul 10: Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan has appointed Dina Amin as CEO of the Visual Arts Commission.

She will take the lead in implementing the ministry’s vision and directions in promoting and developing visual arts in the Kingdom and empowering practitioners in the field.

Amin is a leading Saudi specialist in visual arts and the international contemporary art field. She gained a bachelor’s degree in art history and architecture from Wellesley College, in the US, and also attended a collaborative program in architecture at Massachusetts Institute of Technology.

During her career, spanning more than two decades, she has held senior positions in prominent international arts companies, including most recently Phillips, a global auction house for art, design, watches, jewels, and more.

She has also worked at Christie’s, one of the world’s most famous auction houses, employed in senior roles at the company’s international offices including New York, Dubai, and London.

The Visual Arts Commission is one of 11 new cultural bodies recently launched by the Ministry of Culture in line with the Saudi Vision 2030 reform plan to manage the empowerment and development of the Kingdom’s cultural sector. The commission will be responsible for managing and developing the visual arts sector to help achieve the ministry’s goals.

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