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
March 16,2020

Cairo, Mar 16: Saudi crown prince Mohammed bin Salman said G20 summit will work to combat coronavirus and coordinate efforts to ease its economic burdens, state news agency SPA said on Sunday.

In a phone call with British Prime Minister Boris Johnson, Salman discussed international efforts to fight the flu-like disease, saying the next G20 summit, which will be hosted by the Kingdom, will work on finding medical solutions, SPA added.

The G20 Summit is an annual gathering of representatives of the world's largest economies.

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News Network
January 16,2020

Abu Dhabi, Jan 16: The number of people being killed by terrorism activities worldwide has decreased significantly over the recent years, according to the latest Global Terrorism Index.

The 2019 Global Terrorism Index, which was presented at a forum in Abu Dhabi on Wednesday also showed that the UAE improved its ranking in the index by coming down to 130th rank among the 163 countries. The terrorism impact in the UAE is categorised as 'very low'. In the UAE, only two terrorism incidents were reported over the past decade - one in 2010 and another in 2014 - and there were no casualties.

Commenting on the report, Mansour Al Mansouri, director of the UAE National Media Council (NMC) said: "These findings rightly show the UAE as one of the safest countries in the world in terms of terror threat."

The index showed that the total number of deaths from terrorism declined for the fourth consecutive year in 2018, falling by 15.2 per cent to 15,952 deaths. This represents a 53 per cent reduction since its peak in 2014 when 33,555 people were killed in terrorist attacks.

The index published for the seventh year in a row, ranks 163 countries across the globe according to the relative impact of terrorism. This takes into account the number of terrorist incidents, deaths caused by terror and total value of property damage.

The latest results saw three Middle East countries - Iraq, Syria and Yemen - continue in the top 10 positions of the index.

The findings also showed Taleban overtaking Daesh as the deadliest terrorist group in the world, accounting for 38 per cent of all terrorist deaths. This is an increase of 71 per cent. Afghanistan is the country most affected by terrorism in 2018 followed by Iraq, Nigeria, Syria and Pakistan, according to the report. The least impacted nations were Belarus, Guinea-Bissau, Oman, The Gambia and North Korea.

During his presentation of the key findings of the index at the Foreign Correspondent's Club of the UAE (FCC), Serge Stroobants, director of Europe and Mena at the Institute of Economics and Peace, said lesser people were now being killed in terrorism activities.

"There have been long-term trends in global terrorism, with deaths caused by terror down by 52 per cent compared to high point of 2014, which saw Daesh and Boko Haram at their peak," said Stroobants attributing the decrease in the deaths to the increase in security measures and cooperation among nations in the fight against terrorism.

In contrast to this, there has been a 320 per cent increase in far-right terrorist incidents in the West, with political ideology being the driving force behind an increased proportion of terror motivation.

"There has been an increase in far-right terrorism in Western Europe, North America and Oceania for the third consecutive year," said Stroobants.

Terrorism still remains a global security threat, according the index, with 71 countries recording more than one death - the second highest number of countries since 2002.

Stroobants said conflicts remain the main cause of terrorism with 90 per cent of terrorist incidents occurring in places where there are conflicts or insurgencies.

The report said the global economic impact of terrorism was $33 billion in 2018, a substantial decrease of 38 per cent from the previous year.

Boko Haram was responsible for 80 per cent of all female suicide attacks, said the terrorism index.

Global Terrorism Index: Most affected countries

>Afghanistan (7379 deaths)

>Iraq (1,054 deaths)

>Nigeria (2,040 deaths)

>Syria (662 deaths)

>Pakistan (537 deaths)

>Somalia (646 deaths)

>India (350 deaths)

>Yemen (301 deaths)

>The Philippines (297 deaths)

>Democratic Republic of the Congo (410 deaths)

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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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