Life hit hard by labor raids

November 5, 2013

Life_hit

Jeddah, Nov 5: Labor inspectors on Monday swept up thousands of illegal workers in a series of raids across the Kingdom as the amnesty period for expatriates to legalize work status expired on Sunday.

According to Jeddah police spokesman, Nawaf Al-Bouq, 3,918 undocumented expats were arrested in and around Jeddah on Monday.

In Madinah, police raids netted 300 illegals.

Anticipating the sweeps, hundreds of business owners shuttered their shops. In addition, commercial activity at the Jeddah Islamic Port dropped and food prices spiked.

The rush-hour commutes in Jeddah and Riyadh were less congested, as undocumented expats stayed home. Some school administrators closed their campuses because their teachers’ legal status remains unresolved.

On Palestine Street at Prince Majed Road in Jeddah, at least 3,000 Indonesians gathered to protest their inability to obtain legal status.

“We had tried for weeks to regularize our status, but officials are insisting we bring our original passports and other documents which we are unable to do,” one illegal worker told Arab News.

Abdulmeneem Al-Shehri, head of the Jeddah Labor Office, told Arab News Monday that labor inspectors began targeting commercial business.

“The Ministry of Labor has a strategic plan for its inspection mission,” Al-Shehri said. “The mission has started and will continue to be conducted by highly qualified staff displaying their official badges.”

He said he expects business owners to cooperate and “uphold the new law” for the public interest and growth of the local economy.

“Business owners and workers who are found to be in violation will be immediately referred to the Ministry of Interior,” he said.

The Labor Ministry’s campaign to rid the country of illegal workers followed a seven-month grace period, which allowed foreigners working illegally in Saudi Arabia to obtain the proper iqamas. The Saudi government gave workers a three-month amnesty period that was scheduled to end July 3, but extended it to Nov. 3. The government did not provide a third grace period.

Workers in unskilled positions, part-time office workers under the sponsorship of their parents and international schoolteachers have been particularly hard hit. However, undocumented teachers have been given reprieve by the Ministry of Education, which issued a statement that no raids would be conducted during the first semester of school.

Many small shops and restaurants, which commonly hired undocumented workers, were closed throughout Jeddah.

In Riyadh, the usually bustling Al-Batha shopping complex in the city center appeared deserted, with many shops either empty or closed altogether.

The Ministry of Labor offices will continue to help workers who had already applied for sponsorship transfer to complete the process this week, according to Al-Shehri. Legalizing workers’ residency status shall also continue.

In addition, the ministry has launched an employment service to allow legal expats to hold part-time positions while employed in full-time jobs.

Workers must hold valid iqamas and have permission from the original sponsors to work. In addition, they must register their labor information at www.ajeer-sa.com and have a sound attendance record.

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Agencies
June 24,2020

New Delhi, June 24: The United Arab Emirates (UAE) has asked Air India to not carry any passengers aboard the repatriation flights to UAE being operated under the Vande Bharat Mission.

As per the Guidelines issued by the General Civil Aviation Authority of United Arab Emirates (UAE)- Safety Decision 2020-01 (Issue 17) Q and A Guidance For Foreign Operators, on June 23, 2020 - transportation of passengers ( UAE Nationals and Non - UAE Nationals) to the United Arab Emirates on the repatriation flights is not allowed.

In view of the foregoing, all passengers including the Indian Nationals who are holding valid Residency Permit / Work Permit of United Arab Emirates and have procured approval of the UAEs Federal Authority for Identity and Citizenship- UAE (ICA) of United Arab Emirates or an approval from the General Directorate of Residency and Foreigners Affairs (GDRFA) applicable to Dubai would need to have specific approval from the Embassy of the United Arab Emirates in New Delhi and their UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) to travel from India to United Arab Emirates (UAE) on these repatriation flights.

All passengers need to comply with the quarantine and COVID-19 test requirements as per the preventive and the precautionary measures required by the appropriate health authorities, as notified from time to time.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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News Network
May 31,2020

Dubai, May 31: As many as 84 beggars have been arrested in Dubai during the Eid Al Fitr holiday, the Dubai Police have said.

The arrests were carried out as part of their anti-begging campaign to prevent begging during the holy month of Ramadan.

Some illegal vendors, too, have been arrested in different areas of the emirate, the police added.

Colonel Ali Salem, Director of the Infiltrators Department at the Criminal Investigations Department of Dubai Police, said that the campaign aims to maintain the safety and security of the society, adding that the campaign was successful and helped reduce the number of beggars across the emirate.

He called on the public to report begging activities to the number 901 or the Dubai Police app.

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