Saudi: Heavy penalties for hiring female ‘ghost workers’

September 21, 2014

Jeddah, Sep 21: The Ministry of Labor has warned it would punish companies hiring "ghost" women workers to boost their Saudization quotas, including heavy financial penalties, cutting off all services from the Human Resources Development Fund, and banning them from hiring new staff.

Ghost workers saudiThe move comes as the ministry prepares to launch the third phase of its feminization campaign. This starts on Oct. 25 to include all stores with fewer than five workers and covering women’s perfumes, maternity wear, abayas, shoes, bags, clothes and fabrics.

Fahad bin Sulaiman Al-Takhifi, undersecretary and assistant for special programs at the ministry, said: “Any Saudi employee who cooperates with a company or institution to register as a ghost worker will be denied support for a period of three years for the first offense and five years for the second.”

“Companies will be fined between SR3,000 and SR10,000 for each illegal employee, and may be refused approval to renew iqamas and transfer services for employees,” he said.

Meanwhile, the director of the Khadijah bint Khuwaylid Women’s Center, Basmah Omair, said the third phase would create thousands of new jobs for women, and help reduce unemployment levels.

According to the Hafiz program, more than 1.5 million women are unemployed.

Abdullah Al-Maasoum, director of the Saudi Business Center, said the Labor Ministry should cancel the commercial licenses of employers who hire ghost workers. However, the rate of fake employment has fallen over the last three years, he said.

Speaking to Arab News, he said: "Several small and medium enterprises resorted to this fake employment of Saudis, to get more recruitment visas from the ministry. But starting from 2011, these companies stopped doing so to avoid being penalized."

Meanwhile, Saad Al-Asmari, a member of the youth business committee at the Jeddah Chamber of Commerce and Industry, told Arab News: "Several young Saudi workers should run their own business. However, many Saudis refuse to work at small enterprises that offer low monthly salaries. Therefore, it is hard to ensure a high rate of Saudization at these companies."

However, Rana Al-Mansour, a Saudi businesswoman, said she has succeeded in hiring more Saudi women at her clothes stores. "I have three branches in Jeddah. Ninety percent of my staff members are Saudi women. Most Saudi women will accept working in the private sector for salaries between SR3,000 and SR5,000."

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News Network
July 9,2020

Dubai, Jul 9: The Government of India has announced an additional 104 special repatriation flights from the UAE to India as part of the Vande Bharat Mission, Phase 4 from July 15 - 31.

According to a flight schedule listed on the Ministry of External Affairs (MEA) website, national carriers Air India and Air India Express flights have been scheduled to various cities in 10 Indian states. Each flight has a capacity of 177 passengers.

Vande Bharat Phase 4 officially began on July 3, and in an earlier press briefing Anurag Srivastava, spokesperson of India's Ministry of External Affairs had said 'Phase 4 will focus on repatriation of Gulf-based Indians.

The new additional flights have been organised to cities in Tamil Nadu, Maharashtra, Delhi, Telangana, Punjab, Haryana, Kerala, Uttar Pradesh, Karnataka, and Rajasthan, according to the MEA schedule. To the joy of expats from Maharashtra, at least seven flights have been planned to Mumbai, which has been a less serviced state since the start of the Vande Bharat Mission.

Consul Press, Information, and Culture, Consulate General of India in Dubai Neeraj Agarwal said, "Approximately 100 repatriation flights are planned for the next 23 days, including 50 from Dubai and Sharjah each. If all flights are full, we are looking to evacuate anything between 17,000 to 18,000 passengers in the coming days."

Booking for the newly announced flights will open soon, said Agarwal. "Some of them are already open, and others will be open in the next few days. However, a few flights are subject to slot approvals," he explained.

Commenting on the possibility of flights from India to the UAE, Agarwal said, "We express hope that this too will happen soon."  The flight schedule can be seen here: https://www.mea.gov.in/phase-4.htm

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Agencies
July 31,2020

Dubai, Jul 31: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia tweeted early on Friday sending congratulations to everyone on Eid Al Adha.

"I congratulate everyone on the blessed Eid Al Adha. May Allah [grant us another Eid where we will be in] good, blessings, health, and wellness," King Salman said.

"We also ask [God] to accept the pilgrimage of those who completed Haj, and [to accept] Muslims' prayers, and to remove the coronavirus pandemic in our countries," he added.

King Salman left King Faisal hospital in Riyadh after recovering on Thursday, the Saudi Press Agency (SPA) reported on Thursday.

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News Network
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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