Many sponsors exploit grace period to make extra money

April 16, 2013

Jeddah, Apr 16: A number of Saudi sponsors have taken advantage of the need of the foreign workers to rectify their status before the grace period of three months is over to ask for huge sums of money so as not to issue them a final exit visa. nitaqat

This scenario has caused over-crowdedness by workers and domestics in front of their respective consulates to find a solution for their problem or at least facilitate their travel procedures particularly since many are unable to pay the ransom which at some cases exceeded SR15,000.

The vacant lot near the Philippines Consulate in Jeddah was overflowing with male and female Filipinos forcing the traffic police to rush to the scene to organize traffic.

Some of the Filipino workers said their sponsors told them bluntly that they can no longer retain them lest they may be subjected to punishment after the grace period is over. “This is why we have rushed to our consulate to facilitate our travel back home,” said a Filipino who did not want his name to be published.

Another Filipino said the majority of them could not correct their status because they have been staying illegally in the Kingdom for several years. “Some of them have escaped from their original sponsors and were working for other Saudis,” he added.

He said the violators of the system of labor and residence will face harsher punishment if they are unable to correct their status before the termination of the grace period. “This is why they came to their consulate to find a solution to their predicament or otherwise deport them home,” he said.

Rakan Al-Ayoubi, a Saudi citizen, said he came looking for a housemaid because he and his wife are both working and their need for a domestic is pressing. He said he cannot recruit a housemaid from the Philippines or Indonesia as recruitment from these two Southeast Asian countries has been halted. “I am also afraid that the housemaid may escape and in this case the recruitment office will not refund the money I have spent on her recruitment,” he said.

He recalled that his housemaid became terrified when she came to know about the crackdown on violators by the Labor Ministry and the Passports Department.

“We woke up one day to discover that she was missing. We tried to contact her but her mobile phone was switched off. I think she must have been persuaded by one of the brokers to escape,” he said.

Al-Ayoubi said he was tired of paying large sums of money to obtain a housemaid from the black market. “We are waiting for the crucial moment when the country is cleaned of the violating foreign manpower. When the decision is fully implemented, it will rid the country of the black market and put an end to the high prices. We want to go back to the past system when a housemaid was recruited at a fixed amount of money and was paid a modest salary,” he said.

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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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coastaldigest.com news network
May 12,2020

Riyadh, May 12: Saudi Arabia will impose a full-day lockdown and curfew across the Kingdom during the upcoming Eid holidays from May 23 until May 27, according to the Kingdom’s Interior Ministry.

Details are awaited

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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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