More Saudization to yield more work visas

June 9, 2014

Jeddah, Jun 9: The Labor Ministry announced Sunday that it would allow firms in the high and medium green categories of Nitaqat to recruit foreign workers required for the expansion of their business activities.

Work visasHowever, the same privilege will not be available for companies in the lower green, yellow and red categories. “We have clearly mentioned the categories of companies that would benefit from this service,” said Labor Minister Adel Fakeih.

He said companies would be given visas as per their requirements and in line with recruitment conditions, but their status should not decline to lower green as a result of the new recruitment, he said on his Twitter account.

Ziyad Al-Bassam, vice chairman of the Jeddah Chamber of Commerce and Industry (JCCI), said the decision would have limited impact on the labor market as it addresses only those companies that have fulfilled Saudization conditions.

“The real estate sector will be the major beneficiary of this decision,” Al-Bassam told Arab News. It will also benefit tourism companies that have entered the higher green category, he added.

Abdullah Marae Binmahfouz, a member of the JCCI board, said he had requested the minister to allow companies in the lower green and yellow categories to benefit from the service to help them expand their activities. “This is a positive step,” he said while urging the ministry to ease recruitment procedures to boost the market as well as the economy.

“We have made remarkable headway in Saudization, which is a continuing process and will not be limited to a specific time,” he explained.

Abdullah Al-Sharief, an HR expert, said the decision would benefit only a few companies.

He urged the ministry and labor offices to speed up recruitment procedures to meet manpower requirements of various projects.

He also requested the minister to allow sectors such as handicrafts, where Saudization was not successful in the past, to recruit foreign workers.

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Agencies
January 11,2020

Muscat, Jan 11: Oman's Culture and Heritage Minister, Haitham bin Tariq Al Said, took oath as country's Sultan on Saturday following the demise of Qaboos bin Said al-Said, the country's government confirmed on Saturday.

Sputnik quoted a report by sultanate's Al-Roya newspaper as saying that the new Sultan " affirmed the continuation of the country's modernisation and development in various fields."

The development comes after Qaboos bin Said, who had served as the ruler of Oman since 1970, died Friday at the age of 79.

Earlier in the day, Prime Minister Narendra Modi had condoled Qaboos's demise and remembered him as the "beacon of peace for India and the world". 

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News Network
May 21,2020

Dubai, May 21: Around 10,000 Iranian health workers have been infected with the new coronavirus, the semi-official ILNA news agency quoted a deputy health minister as saying on Thursday.

Health services are stretched thin in Iran, the Middle East country hardest hit by the respiratory pandemic, with 7,249 deaths and a total of 129,341 infections. The Health Ministry said in April that over 100 health workers had died of COVID-19.

No more details on infections among health workers were immediately available.

Earlier on Thursday, Health Minister Saeed Namaki appealed to Iranians to avoid travelling during the Eid al-Fitr religious holiday later this month to avoid the risk of a new surge of coronavirus infections, state TV reported.

Iranians often travel to different cities around the country to mark the end of the Muslim holy fasting month of Ramadan, something Namaki said could lead to a disregard of social distancing rules and a fresh outbreak of COVID-19.

"I am urging you not to travel during the Eid. Definitely, such trips mean new cases of infection...People should not travel to and from those high-risk red areas," Namaki was quoted by state television as saying.

"Some 90% of the population in many areas has not yet contracted the disease. In the case of a new outbreak, it will be very difficult for me and my colleagues to control it."

A report by parliament's research centre suggested that the actual tally of infections and deaths in Iran might be almost twice that announced by the health ministry.

However, worried that measures to limit public activities could wreck an economy which has already been battered by U.S. sanctions, the government has been easing most restrictions on normal life in late April.

Infected cases have been on a rising trajectory for the past two weeks. However, President Hassan Rouhani said on Wednesday that Iran was close to curbing the outbreak.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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