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

Saudi Arabia to apply new rules on labor firms soon  Join our daily free Newsletter

MENAFN - - 22/05/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093515870 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093515870 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN) Saudi Arabia is set to begin the first move away from sponsorship system, by licensing expatriate labor firms, Reuters reported.

Deputy Labor Minister Mufarrej Al-Haqbani said labour companies will have licenses within a month and they will organize the process of bringing expatriates to the kingdom.

Under the initiative, labor companies will no longer sponsor the work visas of foreign employees, a system which has been criticized for the control it allows them to hold over expatriate employees.

Officials have previously said the new system will help regulate the movement of expatriates between jobs in Saudi Arabia.

Al-Haqbani also said the kingdom was seeking to replace part of its foreign workforce with Saudi citizens.

The government is working on a series of initiatives to regulate the labor to involve more Saudis into work in a country where foreign workers account for nine out of 10 jobs.

 






  MENA News Headlines
May 21 2013Trade between Saudi, Malaysia at USD3.99b ,MENAFN
(MENAFN) The Consulate General of Malaysia Commercial section in alliance with Council of Saudi Chambers (CSC) and Jeddah Chamber of Commerce (JCCI) businessmen and their Malaysian counterparts in ...

May 21 2013Damac invests USD100m in Baghdad's Princess Tower ,MENAFN
(MENAFN) After years of announcing its intentions to expand into Iraq, Damac Properties has already started constructing the company's first residential complex in the country, reported Arabian ...

May 21 2013Chinese PM vows to open up markets to India ,AFP
(MENAFN - AFP) Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries. "As for Indian ...

May 21 2013Carlos Slim company to buy US mobile phone firm ,AFP
(MENAFN - AFP) Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group. The ...

May 21 2013Tumblr deal sparks talk on next big tech target ,AFP
(MENAFN - AFP) The billion-dollar deal for Tumblr has stirred talk on the next big acquisition target in the sector, with cash-rich tech giants looking for the next potential star. Yahoo!'s ...

May 21 2013United's Boeing 787s back in skies ,AFP
(MENAFN - AFP) United Airlines resumed Boeing 787 Dreamliner flights Monday after the advanced plane was globally grounded four months ago due to overheated battery incidents. United, the only US ...

May 21 2013Aging Yahoo! faces new Tumblr generation ,AFP
(MENAFN - AFP) Yahoo! is just under two decades old and already showing signs of age. Tumblr, the cool blogging platform, represents a new generation. This split marks both a challenge and an ...

May 21 2013Yahoo! vows not to ruin Tumblr after $1.1 bn takeover ,AFP
(MENAFN - AFP) Marissa Mayer has made her boldest move to date as chief of Yahoo! with the billion-dollar purchase of Tumblr, a popular blogging platform she vowed not to ruin after protests from ...

May 21 2013Apple offshore loopholes averted taxes: panel ,AFP
(MENAFN - AFP) Apple avoided paying taxes on tens of billions of dollars in profits through a complex network of subsidiaries, many with "no declared tax jurisdiction," a US Senate panel has ...

May 21 2013US drugmaker Actavis buys Irish firm for $8.5bn ,AFP
(MENAFN - AFP) US drugs company Actavis on Monday agreed to buy Irish peer Warner Chilcott for $8.5 billion (6.6 billion euros) including debt, in a bumper takeover that creates a key global ...

more...


 
MENAFN






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