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'Expats' pay went up 25% under Nitaqat'

July 18, 2014

Nitaqat ExpatsJeddah, Jul 18: The salaries of expatriates in the private sector rose by 25 percent while those of Saudis declined by 1 percent during 2013, according to a report published by Al-Eqtisadiah business daily on Thursday, quoting figures released by the Labor Ministry and the Saudi Arabian Monetary Agency (SAMA).

“The salaries of expats during the year rose by 25 percent or SR236 from an average salary of SR1,341 in 2012 to SR1,808 in 2013,” the report said. The average salary received by Saudis in the sector fell by one percent from SR4,801 in 2012 to SR4,748 in 2013.

Speaking with Arab News, Ibrahim Badawood, managing director of Abdul Latif Jameel Community Services, voiced his doubts about the accuracy of the salary hikes for expatriates. However, he said that if this was the case, it might be due to three reasons.

“First, it is very difficult to get visas to recruit foreign workers. Second, red-category firms have to increase salaries if they want to keep their foreign workers. Third, Saudis are not ready to do certain jobs and those expats doing these jobs may be asking for higher salaries,” he said.

Saudis receive more than double the salary received by expats in all job categories. For secretarial jobs their average salary is SR4,300 against SR1,640 for expats, sales jobs SR3,200 against SR1,200 for expats and assistant engineering jobs SR4,800 against SR1,000 for expats.

Expats contacted by Arab News expressed their astonishment over the huge salary divide between Saudis and expats, saying it’s unfair. “Salaries should be based on productivity rather than nationality,” said one expat.

According to the SAMA report, the average salary of employees in the private sector is SR2,962. However, the ministry’s statistics put it at SR2,134, a difference of SR828.

The report stated that the number of Saudis working in the private sector rose by 29 percent or 332,200 in 2013 with Saudi women taking 85 percent or 182,700 jobs, with Saudi men at 16 percent or 149,500.

The total number of Saudi women working in the sector rose from 215,800 to 398,500 in 2013 while that of Saudi men jumped from 918,800 to 1.1 million.

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Agencies
February 5,2020

Paris, Feb 5: Saudi Arabia has reported an outbreak of the highly pathogenic H5N8 bird flu virus on a poultry farm, the World Organisation for Animal Health (OIE) said on Tuesday, February 4.

The outbreak, which occurred in the central Sudair region, killed 22,700 birds, the OIE said, citing a report from the Saudi agriculture ministry.

The other 385,300 birds in the flock were slaughtered, it said.

The case was the first outbreak of the H5N8 virus in Saudi Arabia since July 2018.

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Agencies
May 25,2020

Abu Dhabi, May 25: Dusty weather to persist in the UAE on Monday as well with a chance of rainfall in parts of the country, the national Met department reported.

According to the NCM, the weather today will be fair to partly cloudy, with a chance of some convective clouds formation by afternoon - eastward and northward - extending to some internal areas that may be associated with some rainfall.

The weather will get humid by night and Tuesday morning over some coastal areas.

NCM predicts a wet Eid break.

Sharjah Police issued a weather warning as heavy rain flooded roads in Sharjah's Kalba among other areas.

Moderate to fresh winds will gain strength during the day causing blowing dust and sand.

The sea will be slight to moderate in the Arabian Gulf and in Oman Sea.

Earlier on Sunday, a weather alert was issued by authorities as moderate to heavy rain - accompanied with hail - lashed parts of the UAE. A rainbow in Dubai skies cheered up residents, celebrating a unique Eid this year amid the coronavirus Covid-19 pandemic - by mostly staying home.

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News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

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