Nitaqat cleanup: 2 million face ax

March 24, 2013

Nitaqat

Jeddah, Mar 24: At least 2 million expatriates may lose their jobs or leave the Kingdom shortly as about 250,000 small and medium enterprises will be listed in the Red category of the Labor Ministry’s Nitaqat system on Wednesday.

“About 250,000 trade, industrial and service firms have been given warning that their work permits would not be renewed because they have so far failed to employ at least one Saudi,” Al-Yaum reported yesterday quoting a high-level Labor Ministry source.

The deadline given to these SMEs to correct their situation ends Wednesday. The ministry had asked these firms to employ at least one Saudi to change their status and receive the ministry’s various services.

The source said the ministry would not renew work permits of employees in Red category firms and as a result their iqamas would not be renewed. According to a new law passed by the Cabinet, such iqama violators will be arrested and deported by the Interior Ministry.

The source said the ministry would provide regional governorates a list of SMEs that have so far failed to employ Saudis to take punitive action.

About a month ago, there were 340,000 firms without even a single Saudi working there. These firms have been given a deadline to correct their situation by March 27.

Saudi Arabia has deported more than 200,000 foreigners staying illegally in the country in four months, Passport Department officials said. The deportees included people who were smuggled into the country and expatriates who did not regularize their stay or were not allowed to renew their resident permits.

A majority of 250,000 firms in the Kingdom are involved in illegal cover-up businesses. The new law passed by the Cabinet targets such businesses and those involved in such activities would be punished.

“What is happening in Saudi Arabia now is a cleaning operation,” said Usman Irumpuzhi, an Indian journalist based in Jeddah. “This is a move against illegal workers and businesses, not against expatriates. The companies in the Premium and Green categories are still allowed to recruit foreign workers,” he told Arab News.

He said many Indians have already left the Kingdom on exit only visas because of the new regulations. “According to some sources, at least 100 Indians are leaving Jeddah every day on exit-only visas. This will definitely create a shortage in the number of workers and prices of goods and services will go up,” he added.

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Banks asked to search and seize B R Shetty’s accounts in UAE

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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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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Saudi Arabia partially lifts curfew, keeps 24-hour lockdown in Makkah

Agencies

April 26,2020

Riyadh, Apr 26: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia has issued an order to partially lift the curfew in all regions of the Kingdom, to become from 9am to 5pm, starting Sunday through Wednesday May 13, while keeping a 24-hour curfew in the holy city of Makkah and in previously isolated neighbourhoods, state news agency (SPA) said early on Sunday.

The order also allowed the opening of some economic and commercial activities, which include wholesale and retail shops in addition to malls.

They can operate for two weeks, beginning on April 29 (Wednesday) until May 13 (Ramadan 6-20), however, certain shops within malls like beauty clinics, barber salons, gyms, cinemas, and restaurants will continue to be restricted from reopening.

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Trail of death and devastation as massive explosion rocks Lebanon's capital

Agencies

August 4,2020

Beirut, Aug 4: A massive explosion has shaken the Lebanese capital of Beirut, with a very high number of casualties expected.

A warehouse at the Beirut Port caught fire on Tuesday afternoon, triggering a huge explosion, Lebanon’s official National News Agency (NNA) reported.

Several smaller explosions were heard before the bigger one occurred.

Abbas Ibrahim, the head of Lebanon’s General Security, said that “highly explosive materials” confiscated earlier had been stored at the site.

Footage shared on social media captured the moment of the bigger explosion, with a colossal shock wave seen traveling fast across several hundreds of meters and shrouding the area in thick smoke.

The blast left enormous material damage to the surrounding buildings and structures. But it was not immediately known how big an area was affected.

There was also no immediate casualty count. Graphic amateur video from the scene showed bodies strewn on the ground, with their clothes blown off.

The NNA said rescue operations were underway. Ambulances were seen heading toward the scene in central Beirut.

Lebanese LBC television channel quoted Lebanon’s Health Minister Hamad Hasan as saying that the blast had caused a “very high number of injuries” and “extensive damage.”

Beirut Governor Marwan Abboud said an unspecified number of firefighters dispatched to extinguish the initial fire had been killed in the explosion.

“As they were putting out the fire, the explosion took place and we’ve [lost them],” he said, breaking down on live TV.

The explosion comes at a time when the Arab country is passing through its worst economic and financial crisis in decades, and amid rising tensions with Israel.

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