Banks can’t cut loan installment from employee bonus — SAMA

February 6, 2015

Jeddah, Feb 6: The Saudi Arabian Monetary Agency (SAMA) has ordered all Saudi banks not to touch the two-month salary bonus granted by Custodian of the Two Holy Mosques King Salman to all Saudi government and military employees, retirees and students.

Saudi Arabian

According to Talat Hafiz, secretary-general of Media and Banking Awareness Committee of Saudi Banks, this procedure will protect Saudis who are eligible to take advantage of the royal decree, but have been required to pay bank loans.

“SAMA’s instructions are clear to all Saudi banks. There are several Saudi state employees who are required to pay bank loans. At the same time, the two-month bonus is considered a gift from King Salman to Saudis and banks do not have the right to deduct anything from these benefits,” Hafiz told Arab News.

Most Saudis prefer to work in a limited number of major Saudi companies, such as Saudi Aramco, SABIC and other large national employers that have a good reputation with local banks, making it easier for employees at these companies to secure loans.

Meanwhile, Finance Minister Ibrahim Al-Assaf on Wednesday informed all government departments that his ministry has started providing them with additional funds to implement the royal decree.

Al-Assaf also instructed the ministries and departments to pay the two-month bonus to all the retirees including those who have been allowed to take long leave because of pregnancy or disease.

“The bonus shall be paid on the basis of the latest basic salary while the two-month stipend shall be given to only students of government universities and colleges,” he said.

Referring to government employees who pursue higher studies abroad on scholarship, Al-Assaf said they would be treated like scholarship students in foreign countries and paid only two-month remuneration. He also instructed ministries to avoid double payment. “The bonus payment should not be linked with the timing of the payment of usual salary,” the minister said.

The total bonus for government employees, retirees and students would amount to SR110 billion.

Fadiya Al-Fawaz, an expert in social responsibility programs, said major Saudi companies would cut down their allocations for their CSR programs in 2015 as a result of the payment of bonus. She said fall in oil prices would also affect CSR programs for social welfare this year.

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Agencies
July 2,2020

With the launch of the Emirates Mars Mission less than a couple of weeks away, the spacecraft that will carry the UAE's Hope Probe to outer space has already been fuelled, it was announced today.

At a virtual briefing by the Mohammed bin Rashid Space Centre (MBRSC) today, the media was informed that scientists are busy giving finishing touches to the Hope Mars Mission, which will give mankind a complete picture of the Martian atmosphere once the UAE's indigenous probe reaches the Red Planet's orbit in 2021.

As the monitoring continues, final charging of the batteries is also ongoing, scientists said.

The space engineers averred that with this mission, the momentum in the region for space awareness will continue not only among young Emiratis but also among other youngsters in the Arab world.

The Hope Probe is scheduled to take off from Japan's Tanegashima Space Centre on July 15 at 00:51:27 UAE time.

The first Arab space mission to the Red Planet remained on track despite the challenges arising from the Covid-19 pandemic.

The spacecraft will provide the first global pictures of the Martian atmosphere and data will be shared freely with over 200 research centres across the world. It will help answer key questions about the global Martian atmosphere and the loss of hydrogen and oxygen gases into space over the span of one Martian year.

450 engineers, technicians and experts are involved in the project.  This comprises of 12,000 tasks in 6 years and entails 5.5 million working hours.

It includes 200 new technologies and 15 scientific partnerships with global universities and institutions.

The spaceship will travel 495 million km. It has a cruise speed of 121,000km/hour.

MBRSC is responsible for the execution and supervision of all stages of the design, development and launch of the Hope Probe. The UAE Space Agency is funding and supervising procedures and necessary details for the implementation of this project. After its launch in mid-July and following a journey of several months, the probe is expected to enter the Red Planet's orbit in 2021, coinciding with the Golden Jubilee of the Union.

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News Network
May 31,2020

Dubai, May 31: As many as 84 beggars have been arrested in Dubai during the Eid Al Fitr holiday, the Dubai Police have said.

The arrests were carried out as part of their anti-begging campaign to prevent begging during the holy month of Ramadan.

Some illegal vendors, too, have been arrested in different areas of the emirate, the police added.

Colonel Ali Salem, Director of the Infiltrators Department at the Criminal Investigations Department of Dubai Police, said that the campaign aims to maintain the safety and security of the society, adding that the campaign was successful and helped reduce the number of beggars across the emirate.

He called on the public to report begging activities to the number 901 or the Dubai Police app.

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News Network
January 16,2020

Dubai, Jan 16: The UAE Ministry of Climate Change and Environment on Wednesday announced that it has banned the import of birds, some eggs and meat products from Hungary and Slovakia.

The ministry said the decision was taken following a notification from the World Organization for Animal Health (OIE) on the outbreak of a highly pathogenic strain of bird flu, H5N2, in the two countries.

Accordingly, the ministry has banned "the import of all species of domestic and wild live birds, ornamental birds, chicks, hatching eggs, meats and meat products and non-heat-treated wastes from Hungary and Slovakia".

It has also regulated the import of poultry meat and non-heat-treated products, requiring a health certificate for the export of meat and meat products from the two countries to release consignments into the UAE.

A health certificate will be needed for the import of eggs, the ministry added.

However, thermally-treated poultry products (meat and eggs) have been cleared for import from all parts of Hungary and Slovakia.

Kaltham Ali Kayaf, Acting Director, Animal Development & Health Department at the ministry, said: "These measures reiterate the ministry's keenness in achieving its strategic objectives including enhancing bio-security levels and eliminating pathogens before they enter the country. In doing so, the ministry prevents the bird flu virus and related risks and impacts on the country's poultry health and safety, in addition to protecting public health and well-being."

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