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Labor Ministry to launch new e-recruitment service next week

August 27, 2015

Jeddah, Aug 27: An official at the Ministry of Labor confirmed that ministry will launch an e-recruitment service via the Musaned website next week. The service will allow employers to apply for visas without the need to visit labor offices.

e-recruitment

Ahmad Al-Ghamdi, director of public relations at the Labor Ministry, said the testing of the new electronic program proved successful. The ministry is planning to transform all its services to an electronic system.

Speaking to Arab News, he said the ministry will launch this service by the next week. The recruitment process will be done within a short period in accordance to agreements with other countries which send workers to the Kingdom.

Meanwhile, Tayseer Al-Mufrej, director of the media center at the Ministry of Labor, said the ministry took the measures to improve the recruitment of domestic labor services through facilitating procedures in order to safeguard the rights of employers and workers, and to enhance the protection of the rights of all parties.

The Ministry of Labor had started giving permission to six recruitment companies to issue 1.2 million visas to hire housemaids, laborers, drivers and other workers for occupations needed in the Saudi market. These visas include the countries from which recruitment of workers is allowed and include Bangladesh, India, the Philippines, Morocco, Tanzania, Uganda, Sri Lanka, Vietnam and Mauritania.

Mohammed Aslam, a human resource director at a private company, praised efforts of Labor Ministry to improve the recruitment process which was previously taking a long time. Private companies were spending money and wasting time to recruit workers.

Adel Shuaib, another human resource official at a construction company in Jeddah said the new electronic service will facilitate recruitment of workers as there is a need to recruit them in construction projects.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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News Network
January 10,2020

Dubai, Jan 10: Iran denied on Thursday that a Ukrainian airliner that crashed near Tehran had been hit by a missile, Iranian government spokesman Ali Rabiei said in a statement, according to state TV.

"All these reports are a psychological warfare against Iran. All those countries whose citizens were aboard the plane can send representatives and we urge Boeing to send its representative to join the process of investigating the black box".

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News Network
April 30,2020

Riyadh, Apr 30: Saudi Arabia on Thursday recorded 1,351 new coronavirus cases in the last 24 hours, bringing the total number of infections in the country to 22,753, the Ministry of Health said in a statement.

The ministry also announced 5 more deaths and 210 new recoveries, raising the total number of fatalities and recoveries to 162 and 3,163 respectively.

Riyadh with 440 cases topped the list, followed by 392 cases in Makkah, 120 in Jeddah and 119 in Madinah.

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