Citizens own 86% of donor institutions in KSA, says study

February 18, 2017

Jeddah, Feb 18: Bureaucratic hurdles and a lack of qualified personnel are among the major challenges facing philanthropic works in the Kingdom, a study revealed.

ksaThe King Khalid Foundation (KKF), Riyadh, recently conducted a study, titled “Donor Institutions in the Kingdom: Facts and Figures” in cooperation with the Gerhart Center for Philanthropy and Civic Engagement.

The study mentioned about regulations and laws, lack of competent actors capable of implementing programs, pursuing funding and uneven cash flows as other barriers in carrying voluntary services.

The report was released at a ceremony held at the KKF headquarters in which several speakers represented a number of nonprofit organizations from within and outside the Kingdom, including Princess Al-Bandari bint Abdul Rahman Al-Faysal, director-general of the KKF; Dr. Abdulaziz Almagushi, assistant director-general of the Prince Sultan Bin Abdulaziz Al-Saud Foundation; Hassan Al-Damluji, head of Middle East Relations at the Bill & Melinda Gates Foundation; and Dr. Ali Aouni, head of the Gerhart Center for Philanthropy and Civic Engagement, besides several leaders and activists representing a number of donor institutions’ and the nonprofit sector in the Kingdom.

Princess Al-Bandari said that the need for adequate information about the philanthropic institutions in the Kingdom was the key reason to conduct this study.

Stressing the study was still not over, the princess said it needed to explore ways to support dialogue on their role in the society, making them a catalyst for societal transformation for the better.

She asserted that the foundation is very interested in research studies and gives this aspect much attention within the aim of bringing about change and positive impact on society.

According to the study, 86 percent of donor institutions are “privately” owned by Saudis; royal institutions amounted to 12 percent; while 66.1 percent of them are autonomously implementing their programs. The study also showed that 7.4 percent of them grants loans to individuals or institutions, or offer in-kind donations.

The study showed that 7.62 percent of the grants and special programs of the donor institutions in the Kingdom are directly channeled to individuals, while 9.55 percent of them channel their funding to charity organizations.

As to the work of these institutions, the study revealed that the education sector ranked first, where the proportion of institutions that allocate part of their grants and programs for this sector is 71. 2 percent; then came the family sector, health, community development, and care of the disabled.

The KKF said it carried the comprehensive survey of the voluntary institutions to study the nature of these bodies, nature and amount of funding they receive and also how they distribute the funding.

This is besides the sectors they operate, their budgets, the extent of convergence among themselves in order to promote qualitative and quantitative knowledge about them and to make available documented data and evidence about the scope of their contribution to local development and compare them globally, it said.

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News Network
April 26,2020

Dubai, Apr 26: Saudi Arabia reported 1223 new cases of coronavirus, bringing the total number of infections in the country to 17522, the Ministry of Health announced on Sunday (April 26).

Meanwhile, the ministry reported 142 recoveries today, with total recoveries in the kingdom at 2357. There are 115 cases in intensive care.

The ministry also confirmed 3 deaths, bringing the total number of deaths in the kingdom to 139.

Saudi King Salman Bin Abdul Aziz has ordered the partial lifting of a curfew imposed due to the new coronavirus across the country while keeping a 24-hour lockdown in the holy city of Mecca, the Saudi news agency SPA reported Sunday. The partial lifting of the restriction started Sunday from 9am until 5pm and will continue until May 14, the agency added.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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January 15,2020

Asia, Jan 15: Iranian Foreign Minister Javad Zarif on Wednesday said that killing of Iranian general Qassem Soleimani showed the ignorance and arrogance of the United States and asserted that Washington looks at things from their perspective and not keeping the interests of the region in mind."The US looks at things from their perspective, not from the perspective of this region. The killing of Qassem Soleimani shows ignorance and arrogance. 430 Indian cities saw protests against killing of Soleimani," Zarif said at an event.

Hitting out at US President Donald Trump and Secretary of State Michael Pompeo, Zarif said that they were the only ones, along with the Islamic State (ISIS) who celebrated the death of Soleimani.

"Who is celebrating Soleimani's killing? President Trump, Pompeo and Daesh (Arabic name of ISIS). You wonder about strange bedfellows?" he said.

Tensions between the US and Iran soared dramatically earlier this month after Washington launched airstrikes at Baghdad International Airport, which killed Soleimani. Tehran retaliated by firing a volley of ballistic missiles at two military bases of US-led coalition forces in Iraq, leading to a strife in the region.

However, Zarif regretted the shooting down of the Ukrainian airline and said it happened because of "tension".

"Nine million people were out in the streets of Iran commemorating Soleimani. You cannot bring out so many people to protest. The shooting down of a plane was a mistake. 180 families are mourning the loss of their dear ones. It happened because of tension," he said.

Asked whether there a chance of a diplomatic solution to the ongoing crisis, Zarif ruled out negotiating with the US.

"Iran is interested in diplomacy. We are not interested in negotiating with the US. US did not keep its commitments under nuclear deal. We had a US deal and the US broke it. If we have a Trump deal, how long will it last?" he said.

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