US and Qatar sign deal on fighting terrorism

Agencies
July 12, 2017

Jeddah, Jul 12: Qatar and the United States have signed an agreement to help combat "terrorism financing" during a visit to Doha by US Secretary of State Rex Tillerson.

Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and Tillerson made the announcement on Tuesday during a joint news conference in the Qatari capital.

Tillerson is in Doha pushing for dialogue to resolve a dispute between Qatar and its neighbouring Gulf countries.

Sheikh Mohammed said the signing was "not related to the recent crisis and the blockade imposed against Qatar".

"Today, Qatar is the first country to sign a memorandum of agreement with the US, and we call on the countries imposing the siege against Qatar to join us as signatories to this MoU," he said.

Tillerson praised Qatar for signing the deal, and for committing to the effort "to track down and disable terror financing".

"The US has one goal: to drive terrorism off the face of the Earth," Tillerson said.

"Together the United States and Qatar will do more to track down funding sources, will do more to collaborate and share information, and will do more to keep the region and our homeland safe."    

Saudi Arabia, Bahrain, Egypt and the United Arab Emirates accuse Doha of funding what they call terrorism - something Qatar denies.

The four countries cut ties with Qatar on June 5 and imposed a land, air and sea blockade on the country.

Tillerson is on a four-day trip to the region to try to help find a solution to the crisis.

On Wednesday, he will meet the foreign ministers of Saudi Arabia, UAE, Bahrain, and Egypt in Jeddah.

'Strategic timing'

He declined to comment in Doha on a timeline for resolving the dispute, saying discussions are ongoing.

"My role here is to support the efforts of the emir of Kuwait and the Kuwaiti mediator to bring what we can to the discussions to help both sides more fully understand the concerns of the relative parties and also point out possible solutions to those," he told reporters.

Kuwait is trying to mediate in the crisis.

Al Jazeera senior political analyst Marwan Bishara said "there is no better timing than now" to sign the agreement.

"This has been going on for a while. I think it is timely, it is important, it is strategic for them to sign this memorandum of understanding now, because that certainly pulls the rug from under those who still are skeptical of Qatar's attempt to stop [terror] financing," he said.    

Shafeeq Gabra, professor of political science at Kuwait University, said Tuesday's agreement would help ease tensions in the Gulf.

"It will make the US and Qatar closer," he told Al Jazeera. "It will allow the Americans to clearly say they can see through what Qatar is doing regarding at least one major accusation from the countries that imposed the blockade - terrorism.

"And that takes a major chunk of the whole story totally out the window."

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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
July 6,2020

Dubai, July 6: Even as the world’s one of the most sought after tourist destinations is gearing up to welcome foreign tourists from July 7, the authorities have taken necessary measures to prevent the spread of covid-19.

If the foreign tourists want to avoid self-isolation after landing in Dubai International Airport, they have to fetch covid-negative certificates from their home country. The certificate ought to have been issued up to 96 hours prior to the travel.

Those without a cvid-negative certificate, however, will need to undergo a PCR test on arrival at the Dubai airports and self-isolate until they receive their negative results.

"If passengers opt to take the PCR test on arrival in Dubai, they must self-isolate until test results are received. If the test result is negative, passengers can leave the hotel and enjoy the trip as normal. However, if the test result is positive, passengers are asked to follow the advice of the Dubai Health Authority and self-isolate," Emirates said in a statement.

Budget carrier flydubai said if a passenger tests positive for Covid-19, he/she would need to observe a 14-day quarantine. The airline also advised passengers to comply with all the precautionary Covid-19 measures in place in Dubai "including wearing a mask, observing social distancing and washing your hands regularly".

Tourists with Covid-19 symptoms

* If a traveller is suspected to have Covid-19 symptoms, Dubai Airports has the right to re-test to ensure the tourist is free of the virus

*It is mandatory for Covid-positive tourists to isolate themselves at an institutional facility provided by the government for 14 days at their own expense.

Other requirements

*Travel insurance: Tourists must have a travel insurance with Covid-19 cover or declare that they would bear the costs for treatment and isolation if required. "Bring an insurance certificate stating Covid-19 coverage to present at check-in," Emirates said.

*Visa: Referring to visa requirements, Emirates said: "Depending on your nationality you can get a visa on arrival, or you can apply for your visit visa from Dubai Immigration before you travel."

*Health Declaration Form: Tourists need to complete the form that states they are free from Covid-19 symptoms. This must be done before embarking.

*Tracing app: Tourists must download the Covid-19 DXB app and register details. "This is critically important since it facilitates easy coordination and communication with the health authorities if tourists experience Covid-19 symptoms," Dubai authorities had said earlier.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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