Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Companies giving Saudis pay hikes awarded SR1.5bn shot  Join our daily free Newsletter

MENAFN - Arab News - 28/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The labor ministry gave sr1.5 billion to 88000 private companies in 2013 to compensate for salary increments among their saudi employees said labor minister adel fakeih in a message on his twitter account.

he said 88000 firms deserved the compensation adding that 70 percent of the amount went to small and medium-sized enterprises.

an official from the human resource development fund disclosed his organization’s plan to provide an allowance up to sr24000 for new job seekers adding that the amount would be given in four installments within a maximum of 24 months.

meanwhile the labor and interior ministries continued their joint campaign to track down violtors of labor and residency regulations and create more job opportunities for saudis.



the interior ministry said it has already deported 427000 illegal foreign workers to their respective countries during the past six months.

“we will not show any leniency toward those who do not abide by the kingdom’s regulatioins” said a ministry official.

according to statistics issued by the command and control center 12635 violators still await completion of official procedures for deportation.

lt. col. ahmed al-laheedan spokesman of the passport department said procedures for the deportation of labor and residency rule violators would not take more than one day.


 


Arab News




  MENA News Headlines
 Jul 28 2016 - S Korea to improve historic port of AlexandriaMENAFN
(MENAFN) South Korea has announced its readiness to enhance and develop the historic port city of Alexandria in Egypt, a report said.In detail the study will look into the technical feasibility of ...

 Jul 28 2016 - UAE's Empower eyes Wetex exhibitionMENAFN
(MENAFN) UAE-based Empower will showcase its most recent efforts to adopt environmental initiatives at the Water, Energy, Technology, and Environment Exhibition (Wetex 2016) in October.In detail, the ...

 Jul 28 2016 - Brokers: Centrica in favour with Credit SuisseProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Josh Allsopp , Wed UK energy firms received a boost of broker confidence today, with both Credit Suisse and Deutsch Bank upgrading their price targets for ...

 Jul 28 2016 - World Bank increases oil price forecast for 2016ProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) The World Bank offered some respite to non-Opec oil exporters on Wednesday by upping its oil price forecast for 2016. The bank increased its projection to US$43 ...

 Jul 28 2016 - Centrica sees hit from warm US weather and low oil prices as profits dipProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Centrica (LON:CNA) predicted a hit from low oil prices for its exploration division in the second half and said it would cut 3,000 jobs this year. The British ...

 Jul 28 2016 - PM Abe's plan for $265 billion stimulus puts pressure on BOJ to easeProactiveInvestors - UK
(MENAFN - ProactiveInvestors - UK) Fuller Treacy Money, 08:26 PM Abe's plan for $265 billion stimulus puts pressure on BOJ to ease Japan's prime minister unveiled a surprisingly large $265 ...

 Jul 28 2016 - 'Marriott Al Forsan Hotel' to be unveiled in Abu DhabiMENAFN Press
(MENAFN Press) Agreement signed between H.E. Saif Al Hajeri, Chairman Al Forsan Holding, and Mr. Alex Kyriakidis, President and Managing Director of Marriott International, Middle East and ...

 Jul 28 2016 - Dubai's DP World bags port development contract in TaiwanMENAFN
(MENAFN) DP World, a Dubai-based global marine terminal operator, has inked a deal with the state-run Taiwan International Ports Corporation (TIPC), for the development of Kaohsiung Port's Terminal ...

 Jul 28 2016 - SDX Energy confirms completion of funding's second trancheProactiveInvestors - N.America
(MENAFN - ProactiveInvestors - N.America) SDX Energy Inc (LON:SDX, CVE:SDX) closed the second tranche of its recent funding, issuing new shares priced at 18p each (current price: 20.25p). The ...

 Jul 28 2016 - World Bank increases oil price forecast for 2016ProactiveInvestors - N.America
(MENAFN - ProactiveInvestors - N.America) The World Bank offered some respite to non-Opec oil exporters on Wednesday by upping its oil price forecast for 2016. The bank increased its ...

more...


 





Google

 
 

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