Saudi Labor market has structural problems, says minister

April 19, 2017

Riyadh, Apr 19: Ahmed Al-Humaidan, deputy minister of labor and social development, said the labor market is going through a pivotal stage and has structural problems that have accumulated over the past 40 years.

labormarketSaudi Arabia has a large number of students graduating from university and they must have the stamina to go through the line of professional work, he said, according to Okaz newspaper while speaking at the International Higher Education Conference in Riyadh on Thursday.

He said the ministry is working through mechanisms that are agreed upon within the national transformation program including the balance between education graduates and the labor market.

The ministry said earlier that it aimed to reduce the unemployment rate from 12.1 percent to 9 percent, and boost the percentage of women in the workforce to 29 percent by 2020 through its Nitaqat nationalization program.

The program seeks to increase the number of Saudis in the labor market through changing the Saudization percentage, which companies are required to maintain.

High percentage of Saudization in a given entity in turn qualifies that entity to obtain a range of incentives by the Human Resources Development Fund (HRDF or HADAF).

Establishments that offer good packages to Saudis are eligible for HRDF support programs based on their accomplishment of the required points which are calculated under the “guided support program.”

These include nationalization rate, average wage of Saudis, percentage of Saudi female staff, job stability and percentage of Saudis with high salaries.

A recent report by the General Authority for Statistics showed women represented 80.6 percent of registered job seekers, indicating a problem in accommodating a qualified female workforce in both public and private sectors.

The report showed that women continue to search for jobs up to the age of retirement; given that 3,488 women ages 57 to 66 were still registered as job seekers. There were only 167 male job seekers in the same age group.

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Agencies
July 19,2020

Kuwait City, Jul 19: Kuwaiti ruler Sheikh Sabah al-Ahmad al-Jaber al-Sabah has successfully undergone surgery early on Sunday, the emir's office said.

"His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah ... has undergone surgery this morning, with thanks to God for its success," the head of the emir's office Sheikh Ali Jarrah al-Sabah said, as quoted by state news agency KUNA.

The 91-year-old was admitted to hospital for a medical checkup.

Yesterday, a royal order was issued assigning Crown Prince Sheikh Nawaf al-Ahmed al-Sabah, the emir's designated successor, "to take over some constitutional jurisdictions of His Highness the Emir temporarily"

In August 2019, Kuwait acknowledged the emir suffered an unspecified medical "setback" that required him to be hospitalised.

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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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News Network
May 22,2020

Rajan Kurian with wife Berly Rajan Kurian, son Brian, daughter Bella and mother Valsa

Dubai, May 22: A 43-year-old Indian businessman won USD one million (approximately Rs 7.59 crore) in the Dubai Duty Free draw.

Rajan Kurian, who owns a construction business in Kerala, had bought the ticket online.

Mr Kurian said he was grateful for the win, considering the gloomy circumstances prevailing in the world due to the coronavirus pandemic.

"I will set aside a good part of my win to help the needy. I feel grateful with the win but I need to share it with people who need it," he said. 

Mr Kurian said some of the money will go into growing his business.

"The last few months have been tough with the COVID-19 situation. My business has come to a standstill. This money will be put to good use," he said.

An Indian expat also won a BMW motorbike in the lucky draw held on Wednesday.

A longtime resident of Dubai for 30 years now, 57-year-old Syed Hydrose Abdulla, who works as a public relations officer in a beverages company, had also bought the ticket online.

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Debasisdhara
 - 
Saturday, 18 Jul 2020

Lucky prize money send me please

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