Thousands of Saudis take up jobs in Gulf countries

July 4, 2013

Gulf_countriesJeddah, Jul 4: Saudis are now working in other Gulf Cooperation Council (GCC) countries particularly Kuwait. In contrast, very few GCC citizens work in the Kingdom.

In 2012, a total of 4,854 Saudis worked in GCC countries, 2,825 if them in Kuwait, according to a report from the General Organization for Social Insurance (GOSI).

The report said that 3,191 Saudis worked in the public sector in GCC countries, with 1,663 in the private sector. Kuwait had 1,169 Saudis working in their private sector. According to the report, there were 210 Saudis working in the United Arab Emirates (UAE), 12 in Qatar, 23 in Bahrain and 10 in Oman.

In contrast, only 1,413 GCC citizens worked in Saudi Arabia including 721 Kuwaitis, 501 Bahrainis, 150 Omanis and 18 Qataris. There were no UAE citizens working in the Kingdom. In addition, all GCC workers in the Kingdom worked in the private sector.

Saudi Arabia is considered a rapidly growing economy, with its multibillion-riyal projects and vast businesses.

According to the Global Wage Report 2012/13 issued by the International Labor Organization, there is a large difference in wages between GCC citizens and non-nationals because of the “Arabization” process taking place in the region, which seeks to increase the proportion of local employees.

Noura Al-Turki, an organization development manager at NESMA Holding, said Saudis should be proud of those seeking work in other countries.

“It is positive to see Saudis compete in the overseas job market rather than in the Kingdom. In the current globalization age, all companies are searching for talented people regardless of their nationality. Even though we have the strongest economy in the GCC, Saudis should work everywhere without being restricted by borders,” she said.

“The new generation of Saudis is very optimistic and always looking to have new experiences in the job market, which is why they work abroad.”

Al-Turki said the Kingdom needs more training centers offering special programs for employees.

She said some Saudis do not consider the Kingdom an attractive place to work. They complain of low wages, unsettled working hours, and discrimination by expatriate bosses.

Mohammed Al-Tawi, general manager of human resources at Taajeer Company, said companies must stop employing expatriates for top jobs in the Kingdom, at the expense of Saudis. He believes this has frustrated Saudis, leading them to seek jobs outside the country.

He believes that the "Saudi work environment is unhealthy for talented job seekers. If we have a look at the government sector, we will see there is no competition, with all employees getting equal promotions and equal salary raises. Such unfair evaluations have forced many Saudis to work in other GCC countries, in the private and government sectors.”

Despite the fact that Saudi Arabia offers the most job opportunities for expatriates, many prefer to work in other GCC countries because of the differences in lifestyle.

According to the survey, Saudi Arabia is the third-favored work destination after the UAE and Qatar. Expatriates prefer Dubai, Abu Dhabi and Doha as the best cities for living. Jeddah, Riyadh and Dammam are low on the list of preferred places to work.

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January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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May 21,2020

May 21: Mosques across the UAE will remain closed during Eid Al Fitr, a top official has said. The Takbeer, which is chanted before the special prayers performed on Eid, will be broadcast from mosques 10 minutes before the prayer time.

During the virtual press briefing held on Wednesday, Dr Farida Al Hosani, official spokesperson of the UAE health sector, reminded citizens and expats about the importance of adhering to the safety measures as laid out by the authorities.

Contact tracing process

"Before we began to use Al Hosn app to trace the contacts of Covid-19 cases, the tracking process used to take more than 48 hours. It also depended on the memory and honesty of people. The app is an AI-enabled methodological way to trace individuals who came in contact with Covid-19 cases so that they are isolated. It has proven to be an efficient way to stop the spread of the coronavirus," Dr Farida said.

Install the app

She called on all the public to install the app on their smart phones. "The success of the tracing system via Al Hosn app relies on its use. We hope 50 to 70 per cent of people in the UAE instal and use the app in an effective way."

No sermon

Sheikh Abdul Rahman Al Shamsi, Spokesperson for the General Authority of Islamic Affairs and Endowments, said there will be no sermon for the Eid prayers.

He called on everyone to welcome Eid with joy and positivity and to stay connected with their loved ones via social media.

Mass testing

Dr Amna Al Dahhak Al Shamsi, the official spokesperson of the UAE Government, said mass testing continues across the country.

She stressed on the importance of adhering to precautionary measures and cooperating with the authorities.

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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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