Will business conditions improve in Saudi?

October 11, 2016

Riyadh, Oct 11: In a recent poll, 50% of respondents in Saudi Arabia expect business conditions to improve in one year.

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A survey conducted by Bayt.com, the Middle East’s number one job site, and YouGov, a leading market research agency, showed that 40% of the respondents expect the country’s economy to improve in the next six months.

“Despite the negative feelings that have characterized the past few months, there are sparks of optimism among respondents that economic conditions in their countries will improve in the future,” said Suhail Al-Masri, VP of Employer Solutions, Bayt.com.

Overall, only 20% of respondents in the Kingdom of Saudi Arabia believe that their country’s economy has improved compared to 6 months earlier, while 26% claim that it has remained the same. 42% of the respondents believe their country’s economy has receded. When asked about future expectations, 40% of respondents were optimistic about the economy improving, and a lower number believed the opposite to be true (25%). Nevertheless, 21% of the respondents don’t expect any change in the economy.

In terms of business conditions, almost one in four KSA respondents (27%) believe that business conditions are presently good. Conversely, 31% believe that conditions are average, while 40% believe that they are bad.
Regarding expectations for business conditions in a year’s time, 50% of KSA respondents are optimistic, 19% expect the situation to remain unaltered, while 20% are not confident at all, stating that the business conditions have the potential to get worse.

When it comes to job availability, 34% state that there are few jobs available across few industries, while 27% of respondents believe there are few jobs available across various industries. About 16% of KSA respondents claim that there are plenty of jobs available but across a few industries only, while a minor 12% state that there are plenty of jobs available across a wide variety of industries.

When it comes to future availability of jobs, a general negative outlook prevails amongst KSA consumers, where 33% of the respondents believe there will be a decrease of jobs available in their country over the next six months, and 25% state that the availability won’t change. However, 28% are still positive about this, stating that job availability will increase.

Less than 1 in 5 respondents (19%) believe that their current financial position is better now than it was six months ago, while 35% believe that it has remained the same. On a positive note, almost 43% KSA respondents expect their financial situation to improve in the next six months, while 26% say that it will remain the same.

Considering the opinions on the future cost of living, the majority of respondents (65%) expect the cost of living to increase in the next six months. On the other hand, only 6% of them expect it to decrease. When asked about the situation of their current savings compared to last year’s, 16% of KSA respondents claim that their savings have increased, while a quarter (25%) claim that savings have remained the same. 55%, however, believe that their savings have decreased in the same period.

The survey further revealed that 38% of KSA respondents are planning to buy a vehicle for personal use in the next 12 months. Conversely, 51% are not planning on buying a vehicle at all. Of those who are planning on purchasing a vehicle, 45% are planning to buy a new vehicle, while 34% claim to be looking for a used car.

When it comes to investing in property in the next 12 months, more than a quarter of KSA respondents say that they are planning to purchase property (29%). 54% of respondents, however, are not. Of those who are planning on making a property investment, 56% will be looking to buy new property, while 15% will invest in pre-owned estate. Almost half of Saudi Arabia respondents are looking to purchase an apartment (35%), while around a quarter will buy a villa/townhouse/bungalow (31%). 35% will invest in commercial property.

In KSA, 23% of employed respondents feel that the number of employees in their companies has increased over the past six months, while 50% believe the opposite to be true. Over the course of the next six months, 25% of employed KSA respondents expect the number of employees in their organization to increase, while 26% expect this number to remain the same. Conversely, 40% say that the number of employees in their company will decrease.

With regards to satisfaction levels, 42% of employed KSA respondents are satisfied with their career growth opportunities, while 38% are dissatisfied. When it comes to compensation, almost a third of KSA respondents (34%) are satisfied, while almost half of them (43%) are dissatisfied with their current compensation levels. The majority of respondents (53%) are satisfied with the non-monetary benefits they receive, and 40% are satisfied with the level of job security in their current organization.

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News Network
May 7,2020

Dubai, May 7: As India begins the world’s largest evacuation mission by repatriating its overseas citizens stranded due to COVID-19, as many as 354 of them from the UAE will fly into their home country in the first two flights to Kerala today.

An Air India Express flight, which is scheduled to take off from Abu Dhabi to Kochi at 4.15 pm is the first flight, which will be followed by a Dubai-Kozhikode flight of the same airline at 5.10pm. The Indian missions in the UAE finalised the list of passengers, who were chosen based on the compelling reasons they submitted while registering their names.

Selection criteria

These include pregnant women and their accompanying family members in some instances, people with medical emergencies, workers and housemaids in distress, families with cancelled visas, bereaved family members who couldn’t attend funerals back home, a few students and stranded visitors and tourists including two brothers who got stranded in Dubai International Airport for 50 days, the missions said.

Short-listing the first passengers from among a database of more than 200,000 applicants, who include around 6,500 pregnant women, has been a mammoth task which posed several challenges for the missions, Neeraj Agrawal, Consul Press, Information and Culture at the Indian Consulate in Dubai told Gulf News.

He said the consulate set up an operations room in a tie-up with community volunteers from Kerala Muslim Cultural Centre, Indian Association Ajman, AKCAF Task Force, the BAPS Mandir, Indian People’s Forum, and Tamil Ladies’ Sangam.

 “We are trying to accommodate as many deserving people as possible. We expect the understanding of the people. It has been very difficult to sort out everyone’s urgency.”

“We cannot do a lottery system in this and we had to make sub- categories to ensure there is a mix of people with different types of urgencies.”

“Though we want to give priority to pregnant women, it is practically not possible and not good for the health and safety of the applicants to allot a lot of them on the same flight.”

He said 11 pregnant women have been issued tickets on the Dubai-Kozhikode flight.

“That is the threshold we can allow on a flight.”

Volunteer support

The consul appreciated the support of the volunteers in finalising the flight manifest.

“But our response ratio was very less. Many people whose names came up on top of the list were not willing to go on the first flights.”

Due to various constraints like this and sometimes the details of accompanying persons not readily being available, he said the mission was not able to quickly reach out to who might be really in need.

“However, we have given due consideration to people who got in touch with us with their emergency needs. At the time of issuing tickets, we had about 20 such cases.”

He said the Consul General of India in Dubai Vipul led the entire operation and Pankaj Bodkhe, consul, education, was in charge of the Dubai flight.

A big challenge

“It has been a big challenge. Our only concern is that despite our best efforts, sometimes people with more compelling reasons might have got left out on the first flights because of the volume of people who have reached out to us.”

Since there is a chance that some passengers with tickets might not be allowed to fly if they fail the medical screening including blood tests to check antibodies for COVID-19, he said some applicants in the waiting list have been asked to be on standby at the airport.

People with emergencies wishing to fly to other destinations also could not be included, he pointed out.

“We had to ask them to wait. We are unable to send them to other destinations. We can see their desperation. We feel sorry and desperate.”

He said the government is trying to add more flights to un-chartered destinations and a new flight from Dubai to Kannur has been added on May 12.

Passengers of today’s flights have been urged to reach the airport four to five hours prior to departure to facilitate the medical screening.

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News Network
May 3,2020

Jeddah, May 3: Saudis and expats who spread rumors on social media could be jailed for up to five years and fined SR3 million ($800,000) under measures to counter false information regarding the coronavirus pandemic.

The move follows warnings by Saudi Arabia’s Ministry of Health, Ministry of Interior, General Presidency of the Two Holy Mosques and other government entities that people should rely on trusted news sources and not third parties for information on the Kingdom’s handling of the COVID-19 outbreak.

The Saudi Public Prosecutor warned that legal action will be taken against individuals who spread misinformation and rumors.

On Saturday, media spokesman for the Riyadh region police, Col. Shakir Al-Tuwaijri, highlighted a video circulating on social media in which a person spreads rumors about steps taken to curb the spread of the coronavirus.

Other false claims include a planned change in curfew hours, warnings of food shortages, and a suggestion that health authorities are deliberately concealing the number of cases in the Kingdom.

In a recent case, a Riyadh resident claimed to know when worshippers will be allowed to return to the Grand Mosque.

All suspects have been arrested and face legal action, police said.

Dimah Al-Sharif, a Saudi legal counsel and member of the International Association of Lawyers, urged people to be responsible regarding content they access on social media.

“Receivers should not save such content or share it with others, and should delete it if possible since they, too, will be liable,” she said.

“Under Saudi laws to counter cyber-crime, we are not allowed to produce, prepare, send or save any unauthorized content or rumors.”

Individuals who breach regulations can be jailed for up to five years and face fines of SR3 million, as well as confiscation of the device(s) used in the crime, she said.

In addition, the judicial ruling will be published in newspapers at the offender’s expense.

The Kingdom’s Public Prosecution Office took to social media to warn users about the consequences of spreading rumors and misinformation.

@bip_ksa tweeted: “Receiving information from its official sources is a moral obligation and commitment, and legal responsibility. Do not fall victim to malicious rumors and news from anonymous sources that violate the procedures and effort, and cause terror regarding the Coronavirus, in order to avoid strict criminal accountability in this regard.”

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News Network
July 20,2020

Abu Dhabi, Jul 20: The United Arab Emirates launched its first-ever interplanetary Hope Probe mission to Mars from Japan's Tanegashima Space Centre at 01:58 a.m. (local time) on Monday.

"United Arab Emirates (UAE) launches its first mission to Mars, the 'Hope Mars Mission' from Japan's Tanegashima Space Center," UAE Space Agency said on its Twitter page.

The spacecraft is expected to reach Mars orbit in about 200 days from now and then begin its mission to study the Red Planet's atmosphere, WAM news agency reported.

Once it enters Mars' orbit in the first quarter of 2021, the Hope probe will mark the UAE's 50th anniversary.

The probe will travel 493 million kilometres into space in a journey that will take seven months, and will orbit the Red Planet for one full Martian year of 687 days to provide the first truly global picture of the Martian atmosphere.

The Hope probe will be the first to study the Martian climate throughout daily and seasonal cycles. It will observe the weather phenomena on Mars such as the massive famous dust storms that have been known to engulf the Red Planet, as compared to the short and localised dust storms on Earth.

It will also examine the interaction between the upper and lower layers of the Martian atmosphere and causes of the Red Planet's surface corrosion, as well as study why Mars is losing its upper atmosphere.

Exploring connections between today's Martian weather and the ancient climate of the Red Planet will give deeper insights into the past and future of Earth as well as the potential of life on Mars and other distant planets.

The Hope Mars Mission is considered as the biggest strategic and scientific national initiative announced by UAE's President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum in 2014. The UAE will be the first Arab nation to embark on a space mission to the Red Planet in a journey that contributes to the international science community as a service to human knowledge.

The interplanetary mission is the first by any West Asian, Arab or Muslim majority country.

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