Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Hafiz distributes SR1 billion to jobless youths  Join our daily free Newsletter

MENAFN - Arab News - 30/01/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093477821%26title%3dSaudi-Hafiz-distributes-SR1-billion-to-jobless-youths Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093477821%26title%3dSaudi-Hafiz-distributes-SR1-billion-to-jobless-youths Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Arab News) Unemployed youths in the Kingdom have been paid SR1.1 billion for the Hijri month of Safar (Dec. 26, 2011 to Jan. 23, 2012) as part of the government's Hafiz unemployment assistance program.

"The sum for each person has been deposited in the bank accounts of more than 563,000 Saudi youths for the second month in a row," Director General of the program Khaled Al-Ajami said in a statement to the Saudi Press Agency on Sunday.

Al-Ajami said more than 41,000 names were added to the list of Hafiz beneficiaries since Dec. 31. The processing of more than 100,000 applications for Hafiz assistance could not be completed because the applicants did not supply their income declarations and IBANs (international bank account numbers).

Al-Ajami added text messages were sent to applicants who did not provide the necessary details in their applications.

More than 32,000 names were removed from the register of Hafiz beneficiaries after it was found they were not eligible for the government's aid. Anyone who is disqualified to receive assistance will be removed from the list of beneficiaries.

"However, a disqualified person can appeal by calling telephone number 920011559. A committee will issue a ruling on the matter within three months," he said.

He also urged disqualified applicants to contact the Hafiz office as early as possible.

"Hafiz (Incentive) is not a mere payment system, but its aim is to provide unemployed youths an opportunity to become qualified for the job market with better training. Hafiz will also pay the expenses of their training programs," he said.

Basically, the Hafiz program aims to convert unemployed Saudi youths into a source of strength for the fast development of the Kingdom, he added.

Hafiz (incentive), Taqat (power) and Liqaat (interviews) are the names given to the three programs that support and speed up the Nitaqat Saudization program, which was launched by the Labor Ministry a few months ago.

The Human Resources Development Fund (HRDF) launched the Taqat program by opening 10 centers in different regions in the Kingdom. These centers will help Saudi youths to develop their skills and find jobs. HRDF and the Ministry of Labor have jointly organized the Liqaat program, where job interviews are arranged between employers and jobseekers under one roof.

The first series of mass interviews under Liqaat are being organized currently in Riyadh. Jeddah's turn will come on Feb. 29, followed by Dammam on April 11.

 






  MENA News Headlines
May 23 2013NYSE says to spin off, not sell Euronext ,AFP
(MENAFN - AFP) NYSE Euronext with spin off European stock exchange group Euronext via an initial public offer rather than sell it following its merger with InterContinentalExchange (ICE), a senior ...

May 23 2013Softbank yields to US security concerns on Sprint ,AFP
(MENAFN - AFP) Amid a heated takeover battle for US wireless carrier Sprint, Japan's Softbank has taken unusual steps to allay national security concerns about the deal, but a rival bid claims this ...

May 23 2013China clears Boeing 787s for nation's airlines: Boeing ,AFP
(MENAFN - AFP) Chinese regulators have approved the Boeing 787 to fly in the country, Boeing said Thursday, a move that opens up a large potential market to the US aerospace giant. "I can confirm ...

May 23 2013H7N9 bird flu can spread in mammals: study ,AFP
(MENAFN - AFP) The H7N9 strain of bird flu can spread among ferrets and could do the same among humans under certain conditions, according to lab animal studies on the virus published Thursday. So ...

May 23 2013UN sees weak economic recovery this year ,AFP
(MENAFN - AFP) The world economy should start to make a weak recovery this year, but the United Nations said Thursday that Japan faces "risks" with its pump-priming spending and saw no end to ...

May 23 2013Unions seek probe of Qatari buyout of famed French store ,AFP
(MENAFN - AFP) Unions at the French department store Printemps have asked authorities open a probe into what they call opaque finances in the sale of the luxury shop chain to investors from the ...

May 23 2013Yahoo! buys startup specializing in online games ,AFP
(MENAFN - AFP) Yahoo! pressed on with its shopping spree on Thursday with the acquisition of a startup that powers games played on smartphones, tablets, consoles or personal computers. Word that ...

May 23 2013India's Tata Steel reports loss on Europe woes ,AFP
(MENAFN - AFP) India's Tata Steel, one of the world's biggest steelmakers, on Thursday swung to a quarterly net loss from a profit a year ago due to falling demand in its key European market. Tata ...

May 23 2013Ricoh to cut 13% of French workforce ,AFP
(MENAFN - AFP) Japanese office equipment and digital camera maker Ricoh will cut 338 jobs in France, some 13 percent of its workforce in the country, union officials said Thursday. "The management ...

May 23 2013Flu vaccine also linked to narcolepsy in adults: study ,AFP
(MENAFN - AFP) Finnish researchers unveiled new data Thursday to link the Pandemrix flu vaccine to a higher risk of the sleeping disorder narcolepsy in adults. Other studies had already shown a ...

more...


 
Click to Apply






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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help