Saudi Arabia mulls permanent residency for expatriates

April 6, 2016

Manama, Apr 6: Saudi Arabia could introduce a system for its millions of expatriates that would be similar to the Green Card system in the US.

expatriatesThe inclination, announced by Deputy Crown Prince Mohammad Bin Salman Al Saud in an interview with Bloomberg, would help the kingdom generate new revenues for the national economy.

No details were given by Prince Mohammad, but with around nine million foreigners living in the vast kingdom, making up one third of the total population, the system would be a source for the country as it seeks to implement an ambitious package of new reforms and measures that will considerably improve its non-oil revenues and “raise at least an extra $100 billion a year by 2020, more than tripling non-oil income and balancing the budget.”

“It's a large package of programmes that aims to restructure some revenue-generating sectors,” Prince Mohammad told Bloomberg.

The emulation of the American Green Card system would be alongside more steps to restructure subsidies and the imposition of a value-added tax and a levy on energy and sugary drinks as well as luxury items, the deputy crown prince reportedly said.

Most of the foreigners in Saudi Arabia and fellow Gulf Cooperation Council (GCC) countries – Bahrain, Kuwait, Qatar, Oman and the United Arab Emirate – are Asians, mainly unskilled workers in the booming building and service sectors.

In his interview, Prince Mohammad expressed optimism the new measures would reinforce the government's drive to reduce reliance on oil and to boost non-oil revenues.

“We did a quick fix in 2015 which increased our non-oil revenue by 35 per cent,” he said. “This year, we are trying to target over $25 billion. I believe we will succeed in achieving more than $10 billion in non-oil revenue in 2016.”

With the dramatic slump of oil prices, the GCC countries have been looking at viable options to generate non-oil sources and reduce threats to fiscal stability and sustainability.

Experts believe that hydrocarbon exports represent more than 80 per cent of the total revenue in the GCC countries where taxation is almost absent.

The main non-oil revenue base in the GCC states currently includes customs duties and fees and charges.

Bahrain, the first GCC country to discover oil in 1932, has been leading the way in the diversification of non-oil resources.

Comments

Naren kotian
 - 
Thursday, 7 Apr 2016

Hahaha viren ..namge beda aa wahabi rashtra ..muzzies here in this column please note yelli yenne sigalvo ..yelli dance bars or disco theck ilvo ...antha rashtra kke banni makla full citizenship kodthivi andru ..beda milk shake mama neene itko beda andu bidteevi ...we are well aware soon saud family will collapse ...Isis is already making deep inroads into Saudi ...they have the weakest army in the world .this program will encourage Indo pakis who are in very large No's in India .no non Muslims will take PR for sure .as per IMF due to decline in oil revenues for the first time they are reeling into debt. Haha..soon it will create more problem as they don't have alternate non oil source ..milk shakes ge bere field nalli ashtu talent saha illa. ..

KhasaiKhaane
 - 
Thursday, 7 Apr 2016

Hahahahah... So Non-Muslims also want green card in Saudi? Check if you can avail one, but make sure you don't worship Camel Maatha,..!
There are other disadvantages though;
- No Riots
- No Photoshop
- No Love Jihad issue.
- No Moral policing
- No Lynching
- No Alchohol/Drugs
- No Pornography
- No Rapes
Are you sure you chaddis will be able to survive without all this?

DEAR VIREN
 - 
Thursday, 7 Apr 2016

Just study QURAN, YOU will understand Y u feel grudge against MUSLIMS...
Our CREATOR speaks about the CREATION & also he Warns us about Y grudge, Jealousy, Sin, hate, crime, DECEPTION & other Evils come from... and ROOT it comes from.
Animals live their way and Man was created by ALLAH with intelligence... Sometimes Use your intelligence to know what our CREATOR speaks... and dont live like the animals.

mohammad.n
 - 
Wednesday, 6 Apr 2016

Viren why do u need now muslim country green card?

Satyameva jayate
 - 
Wednesday, 6 Apr 2016

Viren...say Bharat Mata ki jai n enjoy your stay here..why worried about green card

Owaisi
 - 
Wednesday, 6 Apr 2016

@ Viren Kotian 100% only for Muslims and should accept Saudi Arabia Islamic Rules with respect

Riyaz
 - 
Wednesday, 6 Apr 2016

Viren Kotiyaaan
Why are you intrested in the permanent residence of KSA. you should be happy in india with the chaddies ruling you. And by the way not everyone in the world is like you and your chadii rulers. there are people who look for the Human attributes in human beings not only religion . thats why there are many RSS chaddies who earn in saudi and send the money to their families in india.

mangalorean
 - 
Wednesday, 6 Apr 2016

I think for you spcially we will recommend govt to get red card to ban saudi arabia

Viren Kotian
 - 
Wednesday, 6 Apr 2016

Only for muslims or non muslims also will get green card?

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News Network
March 7,2020

Mangaluru, Mar 7: Deputy Chief Minister Dr. Ashwatha Narayana said journalists are facing a challenging task of functioning with credibility while also upholding their professional ethics in this age of globalization where monetary aspects have gained great significance.

Inaugurating the 35th state-level Journalists’ Conference at the Kudmul Rangarao Town Hall on Saturday which was hosted by the DK District Working Journalists’ Union the Deputy CM also said that journalists should refrain from giving priority to political news as that does not serve any purpose for the common man.

Dharmadhikari of the Dharmasthala Temple Dr. D Veerendra Heggade was the chief guest at the event. The souvenir brought out to commemorate the occasion was released by Taranga Editor Sandhya Pai. The Deputy CM also inaugurated a cartoon exhibition organized on the occasion.

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News Network
January 11,2020

Bengaluru, Jan 11: The Chief Justice of India Justice Sharad Arvind Bobde on Saturday inaugurated the phase-1 of the new building of the Karnataka Judicial Academy on Crescent Road in Bengaluru.

The new building has three floors, besides, the ground floor and two basement floors.

While Chief Minister B S Yediyurappa inaugurated the 319-seater multi-purpose auditorium, at which Chief Justice of the High Court of Karnataka Justice Abhay Shreeniwas Oka felicitated Justice Bobde.

Justice Ravi Malimath, President of the Karnataka Judicial Academy and Judge of the High Court of Karnataka, in his welcome address said that the academy has so far trained as many as 4000 judicial officers and striving for excellence in the field of judiciary.

The building, built in the first phase, has parking in the lower and the upper basement, which can accommodate 44 cars and 124 two-wheelers, the ground floor consists of a 319-seater multi-purpose air-conditioned auditorium, a lecture hall with 84 seats, two lecture halls with 40 seats each and a VIP lounge. The First Floor has a lecture hall with 84 seats, two lecture halls with 40 seats each, a VIP lounge, two discussion rooms and an administrative office for the staff of the academy.

The second phase, to be built has a parking facility for 36 four-wheelers and 22 two-wheelers in the lower basement and 32 four-wheelers and 30 two-wheelers in the upper basement.

The total cost of the project, including Phase-1 and Phase-2, to be executed by the Public Works Department in the sprawling 2.2 acres plot of the Karnataka Judicial Academy is around Rs 96.02 Crore.

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Agencies
March 14,2020

Bengaluru, Mar 14: Bus-stands and railway stations in this IT city wore a deserted look on Saturday and malls, cinemas, pubs and night clubs remained shut as part of the lockdown announced by the state government following the country's first coronavirus fatality reported from Karnataka on March 12.

Six people in Karnataka have contracted the virus including the 76-year-old man who died due to this disease from Kalaburagi in the state.

A day after chief minister B S Yediyurappa announced the shutdown for a week, the usual rush at the Central bus-stand was missing.

"Since yesterday there is slackness. Today again we are witnessing the same," a Bangalore Metropolitan Transport Corporation official told PTI.

The Karnataka State Road Transport Corporation, which runs inter-city and inter-state buses, too has seen a decline in its revenue.

"For the past five to six days we are seeing a drop of Rs 32 lakh to Rs 35 lakh in our daily revenue of Rs eight crore," Bengaluru divisional controller B T Prabhakar Reddy said.

On March 13, Yediyurappa issued instructions to stop all kinds of exhibitions, summer camps, conferences, fairs, marriage, sports and engagement events and birthday parties state-wide for a week from Saturday.

Business at pubs and aars have taken a hit due to the virus threat.

"Our businesses have suffered somewhere between 40 per cent and 70 per cent.

It is very difficult to cope with the situation," said Manu Chandra, Bengaluru chapter head of National Restaurant Association of India.

In Chitradurga district, the annual Rathayatra was cancelled whereas in Bengaluru, a temple displayed a board that it will not distribute any 'teertha' (holy water) or 'prasad' (offering) to devotees in view of the coronavirus scare.

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