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Regional issues focus of Salman-Aliyev talks

April 6, 2015

Riyadh, Apr 6: Azerbaijan President Ilham Aliyev arrived in Riyadh on Sunday on an official visit to the Kingdom. He was received by Custodian of the Two Holy Mosques King Salman at the Riyadh Air Base.

Amid the critical situation in the Middle East, the visit of a head from a Central Asian country is deemed significant for both sides, according to an expert.

Regional issues

Aliyev last visited the Kingdom in 2005.

Crown Prince Muqrin, Deputy Crown Prince Mohammed bin Naif and Riyadh Gov. Prince Faisal bin Bandar were among those who received the Azerbaijani president.

Following an official luncheon, the two leaders held discussions on various issues, including bilateral cooperation and ways of enhancing relations in various sectors. They also reviewed the latest developments in the region and the world.

Foreign ministers of the two countries were also present.

Azerbaijani Ambassador Rasim Rzayev told Arab News that this historic visit marks 23 years of friendly relations between the two countries.

“Azerbaijan established diplomatic relations with the Kingdom on Feb. 24, 1992, making it one of the first countries to recognize the independence of Azerbaijan. In April 1994, the Azerbaijani Embassy was opened in Riyadh followed by the inauguration of the Saudi Embassy in Baku in June 1999,” he said.

The relationship between Azerbaijan and Saudi Arabia is based on mutual respect, brotherhood and friendship, with a shared Islamic heritage and historical roots. “Our peoples have similar roots in culture and traditions, as well as in religion,” said Rzayev.

The official visit of the president to the Kingdom in 2005 set the stage for the development of bilateral relations.

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News Network
March 5,2020

Dubai, Mar 5: A 16-year-old Indian girl here has tested positive for the deadly coronavirus, bringing the total number of confirmed infection cases in the UAE to 28, according to media reports.

Health officials here confirmed on Wednesday that a new coronavirus case was detected in the girl who attended an Indian school in Dubai, Al-Arabiya website reported.

The girl tested positive for the COVID-19 after she contracted the infection from her father who travelled overseas, Dubai Health Authority (DHA) was quoted as saying by the report.

The Indian High School in Dubai will be closed from Thursday as a precautionary measure, the Gulf News reported.

"As a precautionary measure, Indian High School Group of schools is closed from Thursday, March 5. Detailed circular about exams will be mailed. Your well-being is important. Take care," the report said.

The father developed symptoms of the virus five days after returning to Dubai. Both the student and family members have been quarantined in hospital and are stable and recovering well. All other family members have also been quarantined, the Khaleej Times reported.

"Within the framework of comprehensive preventive measures against the spread of coronavirus, the DHA is conducting tests and monitoring the students, staff and workers of the school that may have interacted with the coronavirus patient," the DHA was quoted as saying by the Gulf News.

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Agencies
July 30,2020

Kuwait will allow citizens and residents to travel to and from the country, starting August 1, the government communication center tweeted on early Thursday, citing a cabinet decision.

The decision excludes residents coming from Bangladesh, Philippines, India, Sri Lanka, Pakistan, Iran, Nepal.

Last month, Kuwait announced it would partially resume commercial flights from August, but does not expect to reach full capacity until a year later, as its aviation sector gradually recovers from a suspension sparked by the Covid-19 crisis.

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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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