US Senate votes to support Trump’s weapons sale to Saudi Arabia

Agencies
June 14, 2017

Washington, Jun 14: The US Senate on Tuesday turned back a bipartisan bid to reject President Donald Trump’s plan to sell the Kingdom more than $500 million in precision-guided munitions.

USSenate

The vote Tuesday was 53-47, clearing the way for the sale to be finalized. The precision munitions are part of Trump’s proposed $110 billion arms package to Riyadh, which the administration said would create US jobs while also improving a key ally’s military capability.

Senators Rand Paul, R-Kentucky, and Chris Murphy, D-Connecticut, proposed to block the sale, saying they feared the sophisticated weapons could be used in the conflict against Yemeni civilians.

Murphy and Paul were the same authors of a move to stop President Barack Obama in pursuing the sale of more than $1 billion worth of American-made tanks and other weapons to Saudi Arabia. The move was also soundly defeated last September.

Containing Daesh and Iran

Senate Majority Leader Mitch McConnell, R-Kentucky, and other senators supporting the sale said the United States can’t deny its Middle East allies the weapons they need to combat Daesh extremists and check Iran’s aggression in the region.

The war in Yemen is pitting the country’s internationally recognized government and a Saudi-led coalition against the Iranian-backed Shiite rebels known as Houthis, who are allied with army units loyal to former president Ali Abdullah Saleh.

Sen. Lindsey Graham said rejecting the sale of precision munitions to Saudi Arabia would be a victory for Iran.

“If you don’t think containing Iran and keeping them from toppling Yemen, Iraq, Syria (and) Lebanon is not in our national interest, you’re making a huge mistake,” he said.

Sen. Bob Corker of Tennessee, the Republican chairman of the Foreign Relations Committee, suggested that at least a portion of the votes to block the munitions sale came from senators who wanted to embarrass Trump.

“I’m afraid this vote is somewhat about some members wanting to get a piece of President Trump’s hide,” Corker said.

Trump’s decision to move ahead with the sale appeared to reverse an Obama administration decision to hold sales of precision-guided munitions to Saudi Arabia’s armed forces .

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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
April 10,2020

Dubai, Apr 10: Saudi Arabia reported 364 new coronavirus cases and three new virus-related deaths, the Ministry of Health announced on Friday.

The total number of confirmed cases in the Kingdom is 3,651, out of which 2,919 are currently active, the ministry added.

Out of the new cases, 90 were recorded in Mecca, 78 in Medina, 69 in Riyadh, and 54 in Jeddah, the ministry said.

Meanwhile, the number of fatalities rose to 47, while th number of recoveries reached 685.

The daily number of confirmed cases in Saudi Arabia has not peaked yet, and has been rapidly accelerating.

Saudi Arabia’s Minister of Health had said earlier this week that four different studies showed that the number of coronavirus cases in the Kingdom could reach between 10,000 to 200,000 within weeks.

The ministry spokesman emphasized the urgent need for citizens and residents to remain at home and maintain social distancing practices to ensure that the virus does not spread further.

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News Network
April 2,2020

Dubai, Apr 2: A senior Saudi official urged more than 1 million Muslims intending to perform the hajj to delay making plans this year in comments suggesting the pilgrimage could be cancelled due to the new coronavirus pandemic.

In February, the kingdom took the extraordinary decision to close off the holy cities of Mecca and Medina to foreigners over the virus, a step which wasn’t taken even during the 1918 flu epidemic that killed tens of millions worldwide.

Restrictions have tightened in the kingdom as it grapples with over 1,500 confirmed cases of the new virus. The kingdom has reported 10 deaths so far. The Middle East has more than 71,000 confirmed cases of the virus, most of those in Iran, and over 3,300 deaths.

“The kingdom of Saudi Arabia is prepared to secure the safety of all Muslims and nationals,” Saudi Hajj and Umrah Minister Muhammad Saleh bin Taher Banten told state television. “That’s why we have requested from all Muslims around the world to hold onto signing any agreements (with tour operators) until we have a clear vision.”

Saudi Arabia has barred people from entering or exiting three major cities, including Mecca and Medina, and imposed a nighttime curfew across the country. Like other countries around the world and in the Middle East, Saudi Arabia has suspended all inbound and outbound commercial flights.

Each year, up to 2 million Muslims perform the hajj, a physically demanding and often costly pilgrimage that draws the faithful from around the world. The hajj, required of all able-bodied Muslims to perform once in their lifetime, is seen as a chance to wipe clean past sins and bring about greater humility and unity among Muslims.

Standing in Mecca in front of the cube-shaped Kaaba that Muslims pray toward five times daily, Banten also said the kingdom was already providing care for 1,200 pilgrims stuck in the holy city due to global travel restrictions. A number of them are being quarantined in hotels in Mecca, he said.

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