Saudis welcome Kingdom’s entry into the wind age

January 20, 2017

Riyadh, Jan 20: Saudi Arabia, expecting to diversify energy sources in line with plans established under Vision 2030, officially entered the wind power age with the commissioning of its first utility-scale wind turbine by Aramco and GE.

Saudis

The Kingdom marked the commissioning of its first wind energy turbine by providing electricity to its bulk plant facility in Turaif in northwestern Saudi Arabia on Tuesday. The launch of the first wind energy turbine, developed in partnership with GE, marks a milestone in Saudi Aramco’s plan to realize the national renewable energy target defined in the Saudi Vision 2030.

Dr. Majed Abdullah Al-Hedayan, a legal consultant specializing in foreign investment, told Arab News that “the commissioning of this first wind energy turbine is significant as it marks the start of something new in the energy sector in the Kingdom and very much in line with Saudi Vision 2030 that has set an initial target of generating 9.5 gigawatts of renewable energy.”

He added: “It also assumes significance as it came in the week that Khalid Al-Falih, minister of energy, industry and mineral resources, announced that the Kingdom will shortly launch its renewable energy program, a new engine of growth in wind and solar sectors.”

Nevertheless, it will be another alternative to reduce the energy costs and will encourage more investment projects in near future, he added.

Abdullah Inayat, co-founder and media relations director of W7 Communications, told Arab News that “the successful commissioning of the first utility scale wind power turbine is a welcome step toward reliance on renewable energy which is part of Vision 2030 plan.

“Moreover, this successful demonstration highlights the viability of deploying wind power in the Kingdom to diversify energy sources and to meet an increase in demand,” he said.

Abdulkarim Al-Ghamdi, Saudi Aramco’s executive head for power systems, said in a statement that “Saudi Aramco is actively promoting the reduction of energy intensity across the Kingdom by advocating responsible policies, awareness and energy innovation.”

The new wind turbine will generate 2.75 megawatts of power at its peak, enough to power around 250 Saudi households, and it will also reduce the burning of diesel for power generation by 18,600 barrels of oil equivalent per year.

The new initiative for renewable energy will also help reduce the Kingdom’s greenhouse gas emissions and will contribute to global climate action outlined in the Paris climate agreement.

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Abu Dhabi's ADC Bank likely to lay off hundreds of employees

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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All you need to know about Saudi Arabia's Tawakkalna App

coastaldigest.com web desk

May 21,2020

The Tawakkalna application developed by Saudi Arabia's National Information Centre to processes requests for movement permits during the curfew to curb the spread of the virus has become a major helplnine for past few weeks.

The application developed through the close cooperation between the Ministry of Health and the Saudi Data and Artificial Intelligence Authority (SDAIA) was launched on May 4.

According to Saudi Telecom Group, it handles 20,000 calls daily through the Tawakkalna platform by dedicating a call centre of 600 employees through its Contact Centre Company (CCC).

The Tawakkalna app can be used to issue e-permits for a selected group of government and private sector employees who were exempted from the curfew, and individuals who have medical appointments as well as couriers.

Tawakkalna has features for the service of citizens and residents, for ensuring their safety and comfort that would contribute to facilitating the access of authorized persons to travel permits.

The official page about Tawakkalna on Twitter, says: “You must always keep in mind that pinpointing your exact location of residence is the only way for you to benefit from the app’s range of services and permits.”

The app will also provide the latest alerts and medical news issued by the Ministry of Health about the virus as well as about its spread, ways to prevent it and movement permits.

Tawakkalna can be used for self-disclosure for people who show signs of coronavirus infection and for requesting ambulance service and other important services for the community.

Through the app users can apply for a one-hour permit for a walk in the neighborhood on a daily basis, thereby encouraging walking during this period of lockdown.

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sir,

i am facing problem for receiving OTP code during registration for my family. i am unable to get OTP code.

please assist.

Entering date of birth is the big problem is the big problem of this app.

Dob entering problem

Hi,

I am trying to register in the Tawakkalna app, but it keeps on throwing error. Any idea?

thanx

B I

R8NEB24

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Oil prices soar more than 4 per cent after Iranian general killed

News Network

January 3,2020

Hong Kong, Jan 3: Oil prices soared more than four per cent Friday following claims that the US had killed a top Iranian general, ratcheting up tensions between the foes and fuelling fears of a conflict in the crude-rich region.

The head of Iran's Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.

Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.

“Oil prices still have room for further upside as many analysts are still having to upgrade their demand forecasts to include a rather calm period on the trade front,” Moya said, referring to the warming trade relation between China and the United States.

“President Trump is likely to take a break on being ‘tariff man’ until we get beyond the presidential election in November.”

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