Riyadh: Three Gulf Arab states pledged $2.5 billion in aid to Jordan on Monday, in an effort to stabilise the US-allied kingdom as it faces its worst protests in years over government austerity plans that include tax increases. The money from Kuwait, Saudi Arabia and the United Arab Emirates will go toward a deposit in Jordan's Central Bank, cover World Bank guarantees for the kingdom, offer budget support and finance other development projects. The hope is the five-year aid package, which mirrors a similar aid package offered by Gulf states in 2011, will help Jordan come up with a new, more-palatable austerity plan to satisfy international lenders and its public. File image of protests in Jordan on 4 June 2018. Reuters The money came after an early morning meeting in Mecca attended by Jordan's King Abdullah II, Saudi King Salman, Kuwait's ruling emir Sheikh Sabah Al Ahmad Al Sabah and Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and prime minister. … [Read more...] about Kuwait, Saudi Arabia, UAE to lend $2.5 billion to Jordan to help end protests over tax increases
Kuwait and saudi arabia
KUWAIT CITY, May 12: Embassy of Saudi Arabia in Kuwait has taken a decision to reduce the charges for entry visas to Saudi Arabia for some nationalities, reports Al-Anba daily quoting informed sources. They said the visa charges have been reduced for Indians and Indonesians. A single-entry visa costs SAR 305, multiple-entry SAR 550 and annual visa SAR 1,100. The sources revealed that the visa charges for the rest of the nationalities are currently under review. Share … [Read more...] about Saudi Arabia reduces entry visa charges
Saudi Arabia on Sunday held a joint Arab meeting with Jordan, Kuwait, and the UAE in order to offer support to Jordan’s King Abdullah II, following mass protests that rocked his country since last week over recent IMF-backed austerity measures, which led to Hani Al-Mulki to resign as rime minister. The Saudi Royal Court on Friday said in a statement that King Salman bin Abdulaziz Al Saud held a meeting with Jordan’s King Abdullah, Kuwait’s Emir Sabah Al-Ahmad Al-Jaber Al-Sabah, and Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan of the United Arab of Emirates to “discuss means of supporting Jordan to overcome its current crisis.” On Thursday, Jordan’s newly appointed prime minster, Harvard-educated Omar Al-Razzaz, said he would withdraw the proposed income tax bill, after consulting with members of both houses of parliament, noting that there was a consensus to drop the controversial draft law. However, the protests that started last week … [Read more...] about Saudi Arabia hosts meeting with Kuwait, UAE, Jordan to support King Abdullah II
SAUDI Arabia’s government has introduced a massive online database of women that its men can use to track them to stop them running away. The state-run system is simply an online version of Saudi Arabia's restrictive male-guardianship laws, an Insider investigation has found. Under Saudi law everyone women must have a male guardian, who can be a dad, brother or son. They wield enormous power over their lives. The digitalised system comes complete with a handy app which essentially allows Saudi men to ruthlessly manage and control the lives of their wives and daughters at the touch of button. This means escape for many proves futile. And according to sources in the country, many of those caught trying to flee from their families or spouses are allegedly never seen again. NOWHERE TO RUN, NO WHERE TO HIDE Called Absher, the database contains a log of women in Saudi Arabia and is capable of banning them from travelling and catching if them if they try. With a few clicks a man can … [Read more...] about Saudi Arabia has huge database of women that men use to track their movements and stop them escaping
By: MR Raghu, MD of Marmore Mena Intelligence, a research house on MENA-specific business, economic and capital market research (email at [email protected]) ‘Index inclusion’ is perceived as a landmark event in the capital market history and the recent news of Kuwait upgrade to FTSE Emerging Market (EM) Index & possible inclusion of Saudi Arabia into MSCI EM Index has attracted significant attention and generated much fanfare. The act of market indices being included or successfully upgraded from one category to another is often an outcome of series of reforms that results in establishment of a reliable market system which builds investor confidence and subsequently attracts foreign capital. Historically, countries have seemed to gain with index inclusion in terms of market performance, liquidity and foreign inflows. Among GCC countries, in 2014, UAE and Qatar were upgraded to the MSCI EM index following which the net foreign inflows into the equity … [Read more...] about Does Index Inclusion in FTSE, MSCI answer Kuwait, Saudi liquidity needs?
ISLAMABAD: Overseas Employment Corporation (OEC), an attached department of Ministry of Overseas Pakistanis and Human Resource Development would send technical staff to the Kingdom of Saudi Arabia on the urgent basis. An official source told APP here on Tuesday, that the Pakistani skilled labour demand is increasing in the Gulf Cooperation Countries (GCC) and the government is taking various steps to send maximum skilled and unskilled labour to GCC. He said that a leading client in Saudi Arabia has demanded services of workers for Cinema and Museum in the different fields including Museum Conservator, Museum Registrar, accessibility in education specialist, evaluation and research specialist, public services, program delivery support, back of house (technical services), library computer technical support, technical services cataloging and logistics, parking attendant, security specialist. He said that interested candidate could apply till June 4, 2018. To a question he said that the … [Read more...] about Pakistan sends technical staff to Saudi Arabia