From seafarer to economist: Saeed Lootah, 97, winds up his earthly journey

coastaldigest.com news network
June 29, 2020

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Dubai, Jun 29: Saeed bin Ahmed Al Lootah, a pioneering Emirati businessman and the founder of the world's first Islamic bank, is no more. He breathed his last on June 28.

Born in 1923, Saeed was instrumental in setting up the Dubai Islamic Bank (DIB) in 1975 to provide the community with a Sharia-compliant alternative to conventional banking.

He established several companies, organisations and societies, including the Dubai Consumer Cooperative. He also established the Islamic Education School in 1983 and the Dubai Medical College for Girls in 1986.

In 1992, Haj Saeed established the first College of Pharmacology in Dubai. Later he launched the Dubai Centre for Environmental Research, the Dubai Specialised Medical Centre, and the Medical Research Labs for health control and research into medicinal herbs and Islamic (Nabawi) medicine. He also set up an orphanage.

Saeed bin Ahmed Al Lootah was a self-made businessman who progressed from being a seafarer and trader to an accomplished tutor, author, economist, banker, entrepreneur, businessman and visionary community leader.

According to details available on the S.S. Lootah Group website, his "fervent adherence to the core values of education, cooperation and economy" helped empower "people to excel at everything they do".

"He realised the need to build permanent houses and ventured into construction. His 'capital' at that time were his skills, knowledge and hard work," the website said.

He laid the foundation of S.S.Lootah Contracting Company as a joint venture with his brother Sultan in 1956. "With the enduring values of education, cooperation and economy set as the foundations of his work, Haj Saeed started a number of businesses as well as not-for-profit education and research ventures, with an aim to serve the people of the UAE.

"Thanks to his vision and leadership, our home grown ventures continue to demonstrate unique values that extend well beyond its functional benefits - creating greater economic, social and environmental benefits for people in UAE and beyond."

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, took to Twitter on Sunday to offer his respects.

Sheikh Mohammed said: "He was a trader who started with nothing. His touch is visible in several aspects of the Dubai economy."

Calling the deceased a "wise and smart man", Sheikh Mohammed said: "May Allah bless his soul and grant his family the strength to endure and persevere."

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, also paid his respects. "He combined economic leadership with charitable work. He launched charitable educational institutions and sponsored many orphans. His memory will live on. May Allah have mercy on him and grant his family patience."

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News Network
July 15,2025

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Damascus, July 15: Israeli warplanes have carried out airstrikes against a number of installations once belonging to the ousted president Bashar al-Assad's army but now used by the forces of the ruling Hay’at Tahrir al-Sham (HTS) regime in the southwestern province of Suweida.

Local media outlets reported that two aerial raids struck sites near the town of al-Mazraa late on Monday.

Informed sources said sounds of explosions were also heard in the vicinity of Kanaker town.

Material damage was reported, but no information was yet available about possible casualties.

The Israeli military later asserted in a statement that it hit several tanks in the area between al Mazraa and Sami’ as they moved towards Suweida in southern Syria.

It claimed that the strikes were aimed at “preventing their arrival to the area.”

“The Israeli army will not allow the establishment of a military threat in southern Syria and will operate against it,” it said.

Early on Monday, HTS forces initiated an offensive in Suweida following fatal confrontations between Druze and Bedouin factions, resulting in the deaths of dozens of individuals and injuries to hundreds of others.

At least 99 people have been killed and around 200 others wounded over the past two days in the Suweida province, as clashes escalate between local Druze fighters, Bedouin tribes, and HTS forces, the so-called Syrian Observatory for Human Rights reported.

According to the Britain-based monitoring group, the fatalities include 60 from the Druze community – among them two women and two children – 18 from Bedouin tribes, 14 from HTS fighters, and seven unidentified individuals wearing military uniforms.

Since the collapse of Assad’s government, the Israeli military has been launching airstrikes against military installations, facilities, and arsenals belonging to Syria’s now-defunct army.

Israel has been widely condemned for the termination of the 1974 ceasefire agreement with Syria and for exploiting the chaos in the Arab nation in the wake of Assad’s downfall to make a land grab.

The United Nations has condemned ongoing Israeli attacks inside Syrian territory and repeated violations in and around the buffer zone created as part of a 1974 ceasefire agreement with Damascus.

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News Network
July 5,2025

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Gaza City, July 5: Israeli strikes have killed around 50 Palestinians across Gaza since the early hours of Saturday, with dozens of the fatalities identified as aid seekers, according to reports from the besieged territory’s hospitals.

These attacks have taken place across the Gaza Strip from Gaza City in the north to the area around Rafah in the south.

Medical sources at Nasser Hospital have told the media that nine Palestinians, including three children, have been killed by Israeli forces near an aid center north of Rafah.

A medical source at al-Ahli Hospital says one Palestinian was killed and others injured in an Israeli attack on Gaza City’s Zeitoun neighborhood.

At least six people were killed and more than 10 injured in an Israeli shelling of displaced tents in the al-Mawasi area west of the city of Khan Younis, in the southern Gaza Strip, according to Nasser Medical Complex.

Al-Mawasi was designated as a “humanitarian zone” by Israel.

Israeli forces bombarded the al-Shafi School, killing at least five people and injuring others in Gaza City’s Zeitoun neighborhood.

Two people were killed after Israeli military jets targeted a house in the Bureij refugee camp in central Gaza.

Al-Awda Hospital in Nuseirat, also in central Gaza, says four people were killed after the Israeli army targeted an aid distribution point on Salah al-Din Street, south of Wadi Gaza.

The Gaza Civil Defense says it rescued 11 injured individuals, including children, after an air strike targeted a house belonging to the al-Zinati family near the Gifted School in Sheikh Radwan, northwest Gaza City.

Israel’s war on Gaza has killed at least 57,268 people and wounded 135,625 since the start of the onslaught on October 7, 2023, according to Gaza’s Health Ministry.

The United Nations human rights office has said it recorded at least 613 killings of Palestinians, both at controversial aid points run by the Israeli and United States-backed Gaza Humanitarian Foundation (GHF) and near humanitarian convoys, as of June 27.

The OHCHR said 509 of the 613 people were killed near GHF distribution points. The Gaza Health Ministry has put the number of deaths at more than 650 and those wounded as exceeding 4,000.

The GHF began distributing limited food packages in Gaza at the end of May, overseeing a new model of deliveries that the UN says is neither impartial nor neutral, as killings continue around the organization’s sites, which rights groups have slammed as “human slaughterhouses.”

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News Network
July 4,2025

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Gaza, July 4: As the humanitarian crisis deepens in the besieged Gaza Strip, Israeli airstrikes on Friday killed nearly 50 Palestinians—including civilians seeking food at aid distribution centers—according to medical sources.

In one of the most lethal events of the day, 15 individuals lost their lives and 90 others sustained injuries while waiting for humanitarian aid near the al-Tahlia roundabout in eastern Khan Younis, southern Gaza.

Eight Palestinians, including women and children, were killed when Israeli forces targeted a tent housing displaced individuals near Tiba Towers in al-Mawasi, located to the west of Khan Yunis.

The majority of the victims were individuals from the same family whose residence was directly struck near the Tiba Towers, as reported by eyewitnesses. Additionally, several others were injured during the attack.

In a separate nearby attack, three more individuals, among them two children, lost their lives close to the British field hospital.

Airstrikes also targeted two tents on the Khan Yunis beachfront, resulting in the deaths of four civilians, primarily women and children.

The official Palestinian Wafa news agency reported that Israeli artillery targeted tents accommodating displaced civilians in al-Mawasi, Rafah, in southern Gaza, causing further casualties.

In the central region of Gaza, four individuals lost their lives in the al-Bureij refugee camp as a family's residence was struck during a nighttime offensive.

In the meantime, three more people lost their lives in southern Gaza City as a result of a strike on a family residence located in the al-Sabra neighborhood.

Israeli forces also targeted a school that was providing shelter for displaced individuals; though, there were no immediate reports about the number of possible casualties.

Separately, eyewitnesses stated that Israeli forces razed multiple residential buildings in the northern flank of Khan Younis.

The latest attacks come as the UN special rapporteur on the occupied Palestinian territory said on Thursday that Israel is “responsible for one of the cruelest genocides in modern history.”

Francesca Albanese made the remarks at the UN Human Rights Council as he presented her latest report, condemning the Tel Aviv regime over weaponizing Gaza as a testing ground and calling for sweeping international action.

“The situation in the occupied Palestinian territory is apocalyptic,” she said. “In Gaza, Palestinians continue to endure suffering beyond imagination. Israel is responsible for one of the cruelest genocides in modern history.”

Albanese stated that official statistics indicate more than 200,000 Palestinians have been killed or injured; however, prominent health experts believe that “the true toll is far higher.” 

She criticized the so-called Gaza Humanitarian Foundation – Israel's newly established aid system in Gaza, which has been linked to hundreds of deaths thus far – labeling it as “a death trap – engineered to kill or force the flight of a starved, bombarded, emaciated population marked for.”

Albanese noted that arms manufacturers have garnered substantial profits by providing Israel with munitions used in the bombardment of Gaza.

“Arms companies have turned near-record profits by equipping Israel with cutting-edge weaponry to unleash 85,000 tons of explosives – six times the power of Hiroshima – to destroy Gaza,” she said.

The senior UN official denounced Israel over using the Gaza war to “test new weapons, customized surveillance, lethal drones, (and) radar systems,” warning that Palestine’s defenselessness had made it “an ideal laboratory for the Israeli military-industrial complex.”

She also called on businesses to act, stressing, “Corporate entities must urgently cease all business activities and terminate relationships directly linked with, contributing to, and causing human rights violations and international crimes against the Palestinian people.”

Albanese said she no longer believed ignorance or ideology were sufficient explanations for global inaction. “In the face of genocide – so visible, so livestreamed – these explanations fall short.”

She concluded with a call for civil society to play its part, saying, “Trade unions, lawyers, civil society groups, and ordinary citizens should encourage such behavioral change from the side of businesses and governments by pressing for boycotts, divestments, sanctions, and accountability. What comes next depends on all of us.”
 

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