Saudi govt intervenes to help stranded Indian expats, vows necessary action

August 3, 2016

Riyadh, Aug 3: Saudi Arabia today agreed to swiftly resolve plight of thousands of laid-off Indian workers including providing them free passage to return to India and clearing their unpaid dues after Union Minister V K Singh apprised the Saudi government about the humanitarian crisis.

1indosaudi

The Minister of State for External Affairs held extensive talks with Saudi Labour Minister Mufrej Al Haqbani here who promised urgent action to resolve the difficulties being faced by around 7,000 Indians, most of whom are living in camps after losing their jobs due to economic slowdown in the oil-rich Gulf country.

The Saudi government also agreed to allow transfer of Indian employees, who have lost their jobs, to any other company within Saudi Arabia.

Singh arrived here today to assess the situation and finalise modalities to bring back the stranded Indian workers who even do not have money to buy food.

As per reports, the Labour Minister issued orders to allow the Indian workers to immediately transfer their sponsorship (kafala) and renew their residencies. Under the kafala system, which is applicable to foreign workers, employees are not allowed to move to a new job without approval of their bosses.

"We discussed all the issues related to Indian workers. It was brought out that the problem is because of one company which has not provided the humanitarian facilities as per the law of the land.

"The government of Kingdom of Saudi Arabia has taken serious note of this lapse and have taken immediate action to ensure that all camps where Indian workers were staying are provided facilities like medical, food, hygiene and sanitation," Singh said, describing his meeting with Haqbani as "very good".

Satisfied over Haqbani's response, Singh said he was thankful to the Saudi government for "very positive action and maganimous attitude".

Singh said Saudi government is also providing free passage to all those who want to go back to India and that they will also honour the claims filed by workers against the companies which have defaulted their payments.

"They have also agreed to allow transfer (of employees) to any other company within Saudi Arabia. Necessary action is in hand by the embassy of India to prepare suitable lists for filing claims as well as for people to go back. I am thankful to the Saudi government for very positive action and magnanimous attitude exhibited," Singh said.

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Comments

Maruthi veethika
 - 
Thursday, 4 Aug 2016

HATS OFF SAUDI ARABIA for its initiatives for INDIAN Expats

Suleman Beary
 - 
Wednesday, 3 Aug 2016

Why Saudi Govt. is not taking action against that one company because that belongs to Son of Late Rafiq Hariri of Lebanon.

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News Network
May 3,2020

Bengaluru, May 3: Renowned Kannada poet KS Nissar Ahmed passed away on May 3.

Winner of several awards including Karnataka Sahitya Akademi Award for Poetry, Rajyotsava Award, Padma Shri among others, Ahmed died at the age of 84

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coastaldigest.com news network
August 1,2020

Bengaluru, Jul 31: A total of 5,483 new COVID-19 cases and 84 deaths were reported in Karnataka in the last 24 hours, the state's health department informed on Friday.

Karnataka now has a total of 1,24,115 coronavirus cases, including 72,005 active cases and 49,788 discharges.
So far, 2,134 deaths have been reported from the state.

Meanwhile, India reported the highest single-day spike of 55,079 COVID-19 cases in the last 24 hours, crossing the 16-lakh mark, the Ministry of Health and Family Welfare informed on Friday.

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KT
April 12,2020

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

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