Foreign scholarship students will get spouse allowance in Saudi Arabia

March 26, 2013

Saudi_Arabia

Jeddah, Mar 26: The Cabinet yesterday passed a law that would allow spouses accompanying King Abdullah Foreign Scholarship students to receive special monthly allowances.

“If a scholarship student is accompanied by his Saudi wife at the place of his study he would be entitled to have an extra payment equal to his basic monthly allowance,” the Cabinet said.

The same extra payment shall be given to a scholarship student who is accompanied by his non-Saudi wife at the place of his study.

A female scholarship student who is accompanied by her non-Saudi husband at the place of her study will be entitled to have the same benefit if the marriage took place according to Saudi regulations.

Students thanked Custodian of the Two Holy Mosques King Abdullah for the gesture. “This will benefit a lot of students currently pursuing their higher studies abroad,” said Rayyan Adel Al-Kattan, an engineering student at King Abdulaziz University.

He stressed the importance of studying at reputable international universities, saying it would help Saudi students enhance their academic qualifications, enable them to obtain good jobs and know different cultures.

Enas Ghulam, who has obtained her degree in biostatistics from a US university, said the decision would help Saudi students to concentrate more on their studies as it would help offset their living expenses.

“It will encourage more students to live with their spouses,” she told Arab News. Many students face problems in paying their house rents in major Western cities. “As a result of this special allowance, they will be more comfortable now to stay with their families abroad,” she added.

The Cabinet, chaired by Crown Prince Salman, deputy premier and minister of defense, wished the 24th Arab Summit success. The summit starts in Doha today.

The Cabinet welcomed the decisions of the UN Council for Human Rights, which condemned the Israeli occupation authorities and their practices against the Palestinians.

Saudi Arabia called for a halt to Israel's settlement building in occupied Palestinian territories.

The Cabinet expressed its satisfaction over the issuance of the report of the global rating agency Fitch on the Kingdom’s economy and its sovereign classification of it as ‘AA -’ and raising its future outlook from stable to positive, reinforcing confidence in the strength of the national economy, sustainability of its growth and the diversity of its sectors.

Abdul Aziz Khoja, minister of culture and information, said the Cabinet approved the operational plan for the transfer of tasks, responsibilities, staff, properties, documents and financial allocations of Civil Aviation from the Ministry of Defense to the General Authority for Civil Aviation.

As part of the government’s efforts to find jobs for the increasing number of university graduates, the Cabinet decided to set up a committee or more with not less than three specialists, whose mission would be to consider all aspects of the implementation of the Saudization decisions.

The new committees shall recommend penalties to be imposed on the violators, propose amendment to the Saudization rate that increases annually, specify new jobs and professions to be restricted to Saudis, set out a media plan for the Saudization program in coordination with the Ministry of Culture and Information.

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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 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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Agencies
January 4,2020

Baghdad, Jan 4: At least five people were killed on Saturday by an airstrike on a vehicle convoy of Iraq's Shia Popular Mobilization Forces in northern Baghdad, a source in security forces told Sputnik.

Earlier in the day, the source told Sputnik about a powerful explosion in Baghdad's northern district of Taji.

"A vehicle convoy of the Popular Mobilization Forces has been attacked. According to preliminary data, five people have died. Their names have not been clarified so far," the source said.

On Friday, several senior members of the Popular Mobilization Forces, as well as commander of the elite Quds Force of Iran's Revolutionary Guard Corps Qasem Soleimani, were killed by a US drone attack near the Baghdad International Airport.

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