Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - No company exempt from labor action  Join our daily free Newsletter

MENAFN - Arab News - 13/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) A senior Labor Ministry official said Saturday that the ministry would continue its campaign against violators of residency and labor laws in a systematic manner in its bid to overhaul the Kingdom's labor market

"These are not random raids but a systematic campaign to track down illegal workers in private firms," said Abdullah Abu Thunain, undersecretary for inspections and development at the ministry

He said the ministry was conducting raids on the basis of an electronic data.



"This is different from inspections carried out by the Labor Office on the basis of specific information it has received.

Since the beginning of the campaign on Nov. 4 following the seven-month amnesty, the ministry has denied about 50,000 private firms access to its service



"The correction campaign will continue and the ministry is very serious about it," he said

Speaking about the wage protection program, Abu Thunain said it was not aimed at controlling foreign remittances of expat worker



"It actually aims at protecting the rights of Saudis and expats by making sure they got their salaries as per work contracts without delay.

He disclosed the ministry's plan to increase the support to companies and small and medium enterprises to 75 percent of salaries given to Saudi



The Human Resource Development Fund gives such payment



Since the beginning of the Nitaqat program, more than 700,000 Saudis have received jobs in the private sector

About the mechanism for raids, the official said well-trained officers carrying identity cards would conduct the raid



"They introduce themselves before inspections.

Nearly 15,000 illegal workers have been arrested in the Eastern Province after the raid



"We are not targeting a particular sector during inspections," said Col. Ziyad Al-Roqaity, spokesman of police in the region

Abdul Rahman Al-Zamil, president of the Riyadh Chamber of Commerce and Industry, emphasized the importance of labor raids and said it would benefit businesses in the long run and strengthen the Kingdom's labor market

 


Arab News




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help