Cattle market shows impact of Nitaqat

October 15, 2013

Cattle_marketJeddah, Oct 15: The impact of the Nitaqat campaign on the sheep and goat markets is perceptible this year, as residents across the Kingdom prepare for the ritual of sacrifice on Eid Al-Adha. Sudanese expatriates, who used to dominate the sheep markets in the Kingdom, are conspicuous by their absence this year following the amnesty.

Prices of sheep and lamb usually soar with the high demand at this time of the year, but thanks to the liberal import of sheep and huge subsidies for fodder, this year seems to have had a sobering effect on the markets. Prices have increased but not to the extent it was feared.

The origin and variety of sheep plays a very important role in determining the price, which differs from region to region. While the prices tend to fluctuate on a daily basis in the run-up to Eid, it peaks in the last couple of days and is expected to remain high till Tuesday.

Sheep markets across the Kingdom from Hafar Al-Bateen in the east to Taif in the west are traditionally dominated by Sudanese expatriates, but expatriates are not allowed to indulge in the trade of sheep. Many Sudanese and other expatriates have left from the Kingdom, another contributory factor for price fluctuation.

An Arab News reporter, on a visit to the old sheep market in eastern suburb of Jeddah, found very few Sudanese in sales, with Saudis filling up the gap. Ali Mohammed Awad, a Sudanese shepherd, told Arab News: “Last year, I was selling sheep but now I am only selling bundles of grass for SR10 to customers who are buying sheep.” The number of young Sudanese expats who used to grab butcher’s jobs for SR100 in the sheep markets has also gone down.

A leading importer and trader of sheep, Fahd Al-Sulaimi, who is also vice chairman of sheep sub-committee at the Jeddah Chamber of Commerce and Industry said that “prices very stable and affordable.”

Citizens and expatriates perform the faithful rite of animal sacrifice on the eve of Eid Al-Adha according to their choice, tradition and financial position. The choice of animal sacrifice varies from citizens to expatriates. The price of local breed sheep that Saudi nationals prefer is high compared to imported African sheep which is preferred by the expats.

The white-skinned Harri breed of sheep is the most popular among Saudis in Jeddah and large parts of Western region, and it fetches SR1,800 to SR2,000. Last year, it was being sold at SR1,500 to SR1,800.

The Najdi breed, which is generally raised in Riyadh and Central Province, is considered a superior breed and it costs between SR2,200 and SR2,500. Nuaimi, sold in fewer numbers in Jeddah, costs SR2,000 to SR2,200.

The gray-skinned Sawakin, named after the Red Sea port in Sudan, is another popular breed in the Kingdom after the local breeds. Weighing less and with low fat, it is mostly preferred by expatriate communities in the Kingdom because of the taste and price factors. Last year, Sawakin was priced at SR1,200, but this year, it has touched SR1,500.

The Somalia breed is being sold at around SR700 to SR800, the same as last year. This breed is generally the preferred choice of Indian and Pakistani communities due to its low fat and price factor. The meat of the African breed can be stored or frozen for longer periods of time which can’t be done in the case of local breeds. Barbari from Australia is also widely available.

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News Network
June 26,2020

Dubai, Jun 26: As summers in Dubai bloom in its full glory, the most savoured summer fruit - Mongo - is getting the most special treatment in the city as it gets delivered to customers via an emperor like ride of a Lamborghini.

As per a video report by Gulf News, the Pakistan Supermarket in Dubai is delivering the king of fruits to the doorsteps of its customers in a green coloured Lamborghini to match the level of its supremacy among fruits.

"The king should travel like a king," says the managing director of the store, Mohammad Jehanzeb who delivers the pulpy fruit by himself and also takes the customers on a short ride in the luxury car.

In order to avail the offer rolled out on the Facebook page of the famous supermarket, customers are required to make a minimum order of Dh100, reports the Gulf News.

"The idea is to put a smile on people's faces and make them feel special," says Jehanzeb who has put a smile on the face of dozens of Dubai residents amidst the throes of a pandemic with his 'Mangoes in Lamborghini' campaign.

The delicacy this year has gone viral with videos of delighted mango lovers taking a joy ride in the supercar doing rounds over the internet.

"The joy ride was essentially meant for kids who have been sequestered at homes because of the coronavirus but adults are equally thrilled at the prospect of getting behind the wheels of my Lamborghini Huracan. I am happy to oblige them too," says Jehanzeb.

"Each order takes about an hour. We do about 7-8 home deliveries a day but are hoping to ramp up the numbers to 12," he adds.

Arshad Khan who hails from the Indian city of nawabs - Lucknow- ordered the 'nawabi' varieties - Sindhri and Anwar Ratol - and said that his children were exhilarated after hearing the roar of the Lamborghini outside their Falcon City villa.

"For someone who hails from Lucknow -- the land of the famous dussheri and landga mangoes -- I was a bit skeptical about the taste of Pakistani mangoes. I ordered them for the sheer experience of seeing them come to my place in a luxury supercar," Gulf News quoted Khan as saying.

"It was quite exhilarating and I must confess that the mangoes were as delicious as the ones back home," he added.

Mango fruit has been a delicacy in the 16th-century Hindustan sub-continent. It holds a fascinating narrative in Babur Nama which is an autobiography of the Mughal emperor Zahiruddin Muhammad Babur.

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News Network
April 20,2020

Riyadh, Apr 20: Six more people have died in Saudi Arabia after contracting coronavirus as 1,122 new coronavirus cases were reported on Monday.

The Saudi health ministry said that total number of cases in the Kingdom had increased to 10,484. It also recorded 92 new recoveries, raising the total to 1,490.

The ministry said precautionary measures shall remain to limit the virus spread.

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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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