DUBAI, United Arab Emirates--(BUSINESS WIRE)--Apr 6, 2026--
At a time when the US–Israel–Iran conflict is reshaping geopolitical and economic realities, businesses across the region are being tested on their ability to adapt and endure. Against this backdrop, Danube Group’s Founder and Chairman Rizwan Sajan is setting a strong example of leadership by standing firmly by its workforce.
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On Tuesday, Sajan took to Instagram to announce that the company will not lay off any employees. “I’ve faced many challenging situations in the past - from the Iraqi invasion of Kuwait to the 2008 financial crisis and the COVID-19 pandemic. Despite these, we have always bounced back stronger, and I’m confident we will do so again. During the pandemic, I had committed to not letting go of any employees, and I stood by that promise. Similarly, there will be no layoffs at Danube Group this time as well,” he said.
He further added, “Our 6000+ employees are not just our workforce - they are our family. They helped build Danube Group into what it is today. In times like these, we stand by them with the same commitment. All salaries will be paid on time, and we remain dedicated to serving our clients and customers.”
Over the years, Danube Group has developed a diversified and agile structure spanning building materials, real estate, and home solutions, allowing it to respond effectively to changing market conditions.
In fact, Danube Properties recently unveiled its first large-scale integrated community, Greenz by Danube, featuring premium townhouses and villas, starting from AED 3.5 million with their iconic 1% monthly payment plan, which has been well received by investors and homeowners alike.
The company continues to prioritize execution, ensuring timely project delivery and honoring commitments. As it navigates current geopolitical challenges, Danube Group is not only holding its ground but reinforcing its position - demonstrating that strong fundamentals and decisive leadership can turn uncertainty into sustained progress.
About Danube Properties
Danube Properties, a subsidiary of the Danube Group founded in 1993 by Rizwan Sajan, is among the UAE’s leading private real estate developers. Known for pioneering the 1% payment plan, the company delivers fully furnished apartments complemented by over 40 lifestyle amenities, with a strong track record of quality construction and timely delivery.
Source:AETOSWire
No Layoffs, Salaries On Time: Danube Group Chairman Rizwan Sajan Assures Its 6000+ Workforce (Photo: AETOSWire)
TOKYO (AP) — Asian markets that were open for trading mostly rose Monday, as investors continued to closely watch the war in Iran, soaring oil prices and what President Donald Trump might say next.
Japan's benchmark Nikkei 225 rose 0.6% to finish at 53,413.68. South Korea's Kospi gained 1.4% to 5,450.33. Trading was closed in Australia for Easter; in Hong Kong and Shanghai for a traditional Chinese holiday, and in France, Germany and Britain in observance of Easter.
Trump threatened to hit Iran’s critical infrastructure hard if the country’s government doesn’t reopen the Strait of Hormuz by his Tuesday deadline. But there was no sign Iran was easing its closure of the strait crucial to global oil supplies.
The market is keeping focused on oil prices.
Benchmark U.S. crude dropped $1.76 to $109.78 a barrel. Brent crude, the international standard, lost 73 cents to $108.33 a barrel. Energy markets were closed Friday, but the prices have been surging lately on fears that the Iran war will drag on longer than expected.
The U.S. relies on the Persian Gulf for only a fraction of the oil it imports, but oil is a commodity and prices are set in a global market. Some nations, like resource-poor Japan, import a large portion of their energy needs and rely heavily on access to the Strait of Hormuz.
Japan's Prime Minister Sanae Takaichi told lawmakers recently that Japan was releasing its reserves and was working on alternative routes. South Korea's trade ministry said it plans to send at least five ships to Saudi Arabi in the coming weeks to establish new oil transport routes in the Red Sea.
“As we kick off the first full trading week of April, the word uncertainty is paramount. Last year it was centered on the impact of ‘Liberation Day’ tariffs, this year it's uncertainty surrounding the ongoing Iranian War,” said Jay Woods, analyst at Freedom Capital Markets in New York.
U.S. markets were closed for Good Friday and will reopen Monday. Some markets in Europe also did not trade on Friday.
In currency trading, the U.S. dollar inched down to 159.39 Japanese yen Monday from 159.63. The euro cost $1.1555, up from $1.1517.
Associated Press writers Kim Tong-Hyung in Seoul and Matt Ott in Washington contributed to this report.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
U.S. President Donald Trump is seen on a screen as traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, April 6, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Monday, April 6, 2026. (AP Photo/Ahn Young-joon)
