90% of firms owned by Saudi women run by expats

March 30, 2013

Saudi_women_run

Jeddah, Mar 30: Ninety percent of Saudi women's businesses are dominated by expatriates, who are most often married to these women citizens, said a business leader in Jeddah.

Abdullah bin Mahfouz, a member of the Jeddah Chamber of Commerce and Industry (JCCI), said these businesses should be considered illegal cover up enterprises and outlawed by the government.

There are 130,000 businesses registered in the names of Saudi women.

Most of the Saudi women married to foreigners have commercial registrations. Their husbands run their businesses, said Bin Mahfouz, who is a participant in the Jeddah Commercial Forum which starts in April.

“Why are a number of women’s businesses that are focused in the cities of Riyadh, Jeddah and Dammam, registered in regions such as Hail, Tabuk and Najran?”

He also stressed the need to punish those who violate business regulations.

The Kingdom has more than 250,000 cases of cover-up enterprises according to available statistics. “Can the regulations to combat cover up operations be practically implemented when there are 10 million legitimate expatriates and five million illegal aliens in the country?” he asked.

The cover up law should cover married Saudi women and men, he said, but the solution for this issue should not just be about punishing them. “Solutions should be found to enable Saudis, in whose names cover up business are registered, to get the income of the businesses run in their names,” he said.

He added that serious attempts are being made to discover the correct figures about commercial cover up operations in the country.

He said the business forum will discuss the issue of cover up businesses and try to get a clear understanding of the negative impact it has on the Saudi economy. “Eighty percent of the income from cover up businesses flow to foreign countries while the registered owner and workers of such businesses get only 20 percent of the income.”

He said cover up businesses break the law and harms the national economy.

Chairperson of the forum, Nashwa Taher, said the involvement of some citizens in cover-up operations has become a matter of concern for most citizens.

The forum will also discuss Saudization policies, the skills gaps in the job market, mediation as an alternate solution for commercial disputes, competitiveness of Saudi seaports and shipping logistics, she said.

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News Network
May 4,2020

Dubai, May 4: An Indian salesman in the UAE has won a whopping 10 million dirhams at an Abu Dhabi draw, a media report said.

Dileep Kumar Ellikkottil Parameswaran, from Kerala’s Thrissur, works with an auto spare parts company in Ajman and earns 5,000 dirhams (USD 1,361) a month, Gulf News reported on Sunday.

Parameswaran, who won the 10 million dirhams (USD 2.7 million) prize at the Big Ticket draw in Abu Dhabi, will spend a big part of the money to repay a loan of 700,000 dirhams (USD 190,574 ), according to the report.

He said that a good part of the prize money will be spent on the education of his two children.

Parameswaran, who has been a resident of the UAE for 17 years, lives in Ajman along with his family.

Big Ticket is the largest and longest-running monthly raffle draw for cash prizes and dream luxury cars in Abu Dhabi.

A live monthly draw is organized at the Abu Dhabi International Airport on 3rd of each month.

Tickets are sold for 500 dirhams (USD 136).

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News Network
May 3,2020

Dubai, May 3: Over 150,000 Indians in the UAE, who wish to return home amid the coronavirus lockdown, have applied through the online registration process to the Indian missions here, according to media reports.

The Indian missions in the country last week opened online registration for the expatriates who wish to fly back home after getting stuck in the country amidst the lockdown due to the coronavirus pandemic.

As of 6 pm on Saturday, we received more than 150,000 registrations, Consul General of India in Dubai Vipul told the Gulf News on Saturday.

A quarter of them want to return to their homeland after losing their jobs, he said.

According to a report in the Khaleej Times on Sunday, about 40 per cent of the applicants who have registered are blue-collared workers and 20 per cent are working professionals.

"Roughly 20 per cent have suffered job losses and about 55 per cent of the total applicants are from Kerala," Neeraj Aggarwal, Consul, Press, Information, Culture was quoted as saying in the report.

Aggarwal said that the figures would change as they are expecting registrations from workers from other states, including Telangana, Uttar Pradesh, and Bihar.

About 10 per cent of the applicants are visit and tourist visa holders who got stranded here due to the ongoing lockdown in India.

India extended the ongoing lockdown by two weeks from May 4 to contain the spread of the coronavirus that has affected nearly 40,000 people in the country.

Aggarwal said that a small number of the applications constitute those from pregnant women and other medical cases.

Since the online registration process was launched, the Consulate's website crashed several times due to the heavy rush of applicants wishing to register to fly back home.

The site has been working fine now though it took a lot of time for it to stabilise in the initial phase due to the heavy traffic, the counsel general said.

He said that the missions here have not yet received any information from the Indian government about the mode of transport of the stranded citizens, the prices of the tickets or how the COVID-19 test results of applicants would be assessed for their journey.

There are high-level discussions going on regarding these things, he said in the report.

Meanwhile, Norka (The Non Resident Keralites Affairs) said it has received a total of 398,000 applications from Keralites across the globe who wish to return home.

"Of which, the highest numbers are from the UAE. At least 175,423 applicants have signed up from the UAE," Norka said in an official statement on Saturday.

It also received 54,305 registrations from Saudi Arabia, 2,437 from the UK, 2,255 from the US, and 1,958 from Ukraine from those who wish to return to India, the Khaleej Times reported.

The coronavirus has infected 13,599 people and claimed 119 lives in the UAE, the Ministry of Health and Prevention said on Saturday.

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Agencies
May 17,2020

Jerusalem, May 17: The Chinese ambassador to Israel was found dead in his home north of Tel Aviv on Sunday, Israel's Foreign Ministry said.

No cause of death was given and Israeli police said it was investigating.

Du Wei, 58, was appointed envoy in February in the midst of the coronavirus pandemic. He previously served as China's envoy to Ukraine.

He is survived by a wife and son, both of whom were not in Israel.

Israel enjoys good relations with China.

The ambassador's death comes just two days after he condemned comments by visiting U.S. Secretary of State Mike Pompeo, who denounced Chinese investments in Israel and accused China of hiding information about the coronavirus outbreak.

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