Saudi Arabia’s green card plan for expats welcomed

April 7, 2016

Riyadh, Apr 7: Saudi Arabia’s plan to issue permanent residence or “green cards” to foreign workers has been warmly welcomed by the expatriate community.

SaudiIn an interview with Bloomberg, Deputy Crown Prince Mohammed bin Salman disclosed plans for issuing such cards similar to the US green card system that allows hiring more foreign workers for a fee.

The plan will abolish the existing sponsorship system for holders, who will be required to pay zakat and value-added taxes, if any, besides premiums on insurance, etc. They can own property and undertake commercial, industrial and related activities.

“The plan is very welcome for those living here for over 40 years. I would also suggest that naturalization be given to those who have at least one child willing to serve in the armed forces in any capacity,” said Amir Qayyum, a business development executive from India.

“This is actually in recognition of the universal human rights of residency. We are glad to see the host government extending such a privilege to deserving expats,” said John Monterona, convener of the new OFW Forces Worldwide.

A senior systems engineer at Tawuniya, Saleh Ampaso Bucay, who has been working here since 1992, described the move as a dream come true.

“I am just like many other expatriates who have spent more than half of their lives in this country. All my children were born here. So it is really a great honor if this privilege of either permanent residence or a green card is granted to us,” Bucay observed.

He added that as a Muslim, it will also be a great opportunity to work hand in hand with the citizens in developing the country and protecting it from the enemies of Islam. “I love this country and would like to die and be buried here,” he said.

Gilbert G. Alarcon, senior ISO system auditor at Dar Arriyadh Consultants, said it is a good development as expats already consider Saudi Arabia their second home. “The feeling of acceptance in retrospect gives more meaning to an already fruitful partnership and cooperation between the citizens and expats.”

Rey Eduard Quiblat Umel, an architect and a project engineer, termed King Salman’s wisdom and vision “very exemplary.” The Saudi-Philippine partnership will increase by leaps and bounds, boosting the development of their peoples, he said.

“This will also help the Kingdom’s economy and increase its revenues. It will bolster their manpower without relying on oil,” said Jehad Zacaria Pangcoga, from the Philippines.

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SALMAN
 - 
Thursday, 21 Apr 2016

Really its great news and happiest moment for me even though iam not in saudi. Really i appreciate the king's decision.

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News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

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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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News Network
April 16,2020

Dubai, Apr 16: Saudi Arabia reported 518 new cases of coronavirus, bringing the total number of infections in the country to 6380, the Ministry of Health announced on Thursday.

According to the ministry of health, the number of recoveries today were 59, making total of recoveries in the kingdom 990, with 71 critical cases in intensive care.

The ministry also confirmed 4 deaths, bringing the total number of deaths in the kingdom to 83.

Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar. This week the curfew was extended until further notice by king Salman

Overall, Saudi Arabia has reported one of the lowest rates of infections in the region, with around 6000 cases in a population of over 30 million.

Private sector support

Saudi Arabia has allocated SR50 billion (Dhs49 billion)to support the private sector as part of its package of initiatives approved by King Salman on Wednesday aimed at mitigating economic repercussions from the coronavirus disease (COVID-19).

The package targets small and medium-sized enterprises (SMEs) and economic activities that have been most affected by the pandemic.

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