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According to Musaned, a decision on the provision of insurance can be made at the time of concluding the labor contract, and domestic workers cannot be insured after their arrival in the Kingdom
Musaned: Insurance for house workers is not obligatory and applicable to only new labor contracts
Okaz/Saudi GazetteJEDDAH — The Musaned platform revealed that insurance for domestic workers is limited only to new labor contracts. The platform stated that insurance service for domestic worker contracts is not obligatory.The domestic worker contracts can be insured optionally in the current period, by agreeing to enter into the insurance service when contracting through the platform, it said while noting that the service was launched experimentally.According to Musaned, a decision on the provision of insurance can be made at the time of concluding the labor contract, and domestic workers cannot be insured after their arrival in the Kingdom.The platform also explained that the cost of insurance varies based on several factors, such as the worker’s profession, monthly wage,...
September 03, 2023

Musaned: Insurance for house workers is not obligatory and applicable to only new labor contracts

King, Crown Prince congratulate Shanmugaratnam on his win in Singapore presidential elections
NEOM — Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has sent a cable of congratulations to His Excellency Tharman Shanmugaratnam on the occasion of his victory in the presidential elections in the Republic of Singapore.In his cable, Custodian of the Two Holy Mosques expressed his sincere congratulations and best wishes of success to His Excellency, and to the friendly people of the Republic of Singapore further progress and prosperity.Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud too sent a cable of congratulations to His Excellency Tharman Shanmugaratnam on the occasion of his victory in the presidential elections in the Republic of Singapore.In his cable, the Crown Prince expressed his sincere congratulations and best wishes of...
September 03, 2023

King, Crown Prince congratulate Shanmugaratnam on his win in Singapore presidential elections

The Public Investment Fund (PIF) has announced the signing of a share purchase agreement to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC).
PIF, SABIC, and Rajhi Invest announce strategic merger in Saudi Arabian steel industry
Saudi Gazette reportRIYADH — In a significant development for the Saudi Arabian steel industry, the Public Investment Fund (PIF) has announced the signing of a share purchase agreement to acquire a 100% shareholding in the Saudi Iron & Steel Company (Hadeed) from the Saudi Basic Industries Corporation (SABIC).Simultaneously, Hadeed will acquire a 100% shareholding in AlRajhi Steel Industries Company (Rajhi Steel) from Mohammed Abdulaziz AlRajhi & Sons Investment Company (Rajhi Invest). This exchange involves newly issued shares in Hadeed.The successful completion of these transactions is subject to customary approvals from relevant authorities and conditions stipulated in the transaction agreements.The final shareholding in Hadeed for both PIF and Rajhi Invest will be determined...
September 03, 2023

PIF, SABIC, and Rajhi Invest announce strategic merger in Saudi Arabian steel industry

Prince Saud Bin Abdulaziz
Prince Saud Bin Abdulaziz's dedication to be part of Saudi Arabia's progress and renaissance
Saudi Gazette reportRIYADH — Prince Saud Bin Abdulaziz Bin Fahd Al-Farhan Al-Saud, a prominent figure in Saudi Arabia, is not only a source of inspiration but a dedicated advocate for positive change in the nation's development.In an interview with Caterer Middle East, Prince Saud highlights his commitment to creating a better Saudi Arabia, particularly by empowering the youth and contributing to the country's Vision 2030.Prince Saud recognizes the pivotal role of Crown Prince Mohammed Bin Salman in Saudi Arabia's future, referring to him as the main enabler and supporter of the nation's youth.With over 65 percent of the population being under 30, he emphasizes the importance of harnessing the boundless ambition of Saudi Arabia's young generation.One way Prince Saud...
September 03, 2023

Prince Saud Bin Abdulaziz's dedication to be part of Saudi Arabia's progress and renaissance

The Mayoralty Spokesman Muhammad Al-Baqmi said the irrigation networks on the central island of the Corniche Road were renovated, from Sari Street in the north to the Border Guard headquarters in the south, with a length of 1,800 meters.
Jeddah Mayoralty implementing renovation works in closed part of northern Corniche
Okaz/Saudi GazetteJEDDAH — The Jeddah Mayoralty revealed that renovation work is underway in the closed part of the northern Corniche from the end of Sari Street in the north to the Border Guard headquarters in the south. The renovation works include dismantling and removing damaged granite tiles, caused by the flow of seawater, adjacent to the games area, in preparation for re-treatment work and installing new granite tiles in accordance with the architectural design.The Mayoralty said that the maintenance and painting works of precast concrete chairs were carried out and periodic electrical maintenance work was completed, in addition to painting the lighting poles along the sea promenade, as well as periodic maintenance and painting of waste baskets along the sea promenade, periodic...
September 03, 2023

Jeddah Mayoralty implementing renovation works in closed part of northern Corniche

Minister of Industry and Mineral Resources Bandar Al-Khorayef has concluded his official visit to Türkiye, which aimed to enhance the joint work between the two countries in the mining and industrial sectors.
Minister of industry and mineral resources concludes his official visit to Türkiye
Saudi Gazette reportANKARA — Minister of Industry and Mineral Resources Bandar Al-Khorayef has concluded his official visit to Türkiye, which aimed to enhance the joint work between the two countries in the mining and industrial sectors.Al-Khorayef’s visit also aimed at increasing the exchange of trade and non-oil exports, in addition to discussing the qualitative investment opportunities and attracting them in the mining and industrial sectors.The minister has met, during his visit to Ankara, with Türkiye’s Minister of Industry and Technology Mehmet Fatih Kacır to discuss enhancing the industrial cooperation between the two countries.He also met the Turkish Minister of Energy and Natural Resources Alparslan Bayraktar, where the two sides discussed strengthening the level of...
September 03, 2023

Minister of industry and mineral resources concludes his official visit to Türkiye

The GEA initiative to support the SMEs operating in the entertainment sector in all regions of Saudi Arabia, in partnership with the Financing Guarantee Program (Kafala), has provided approximately SR70 million as support since its launch in July 2022.
Value of supporting entertainment SMEs initiative is SR70 million
Saudi Gazette reportRIYADH — The General Entertainment Authority’s (GEA) initiative to support the small and medium-sized enterprises (SMEs) operating in the entertainment sector in all regions of Saudi Arabia, in partnership with the Financing Guarantee Program (Kafala), has provided approximately SR70 million as support since its launch in July 2022.Among the initiative's achievements was its support for small and medium-sized enterprises in the entertainment sector, which numbered until the end of last June to 16 enterprises.While the value of the guarantees amounted to SR31.3 million, where micro, small and medium enterprises (MSMEs) in the entertainment sector benefited from them.The initiative is looking forward to developing the entertainment sector in Saudi Arabia through...
September 03, 2023

Value of supporting entertainment SMEs initiative is SR70 million

Umm Al-Oud Island, one of the most breathtaking islands, lies in the Red Sea specifically in Ras Mohaisen in the Makkah Region.
Blue clear waters of Umm Al-Oud Island in Makkah Region attract tourists
JEDDAH — Umm Al-Oud Island, one of the most breathtaking islands, lies in the Red Sea specifically in Ras Mohaisen in the Makkah Region. Tourists there can enjoy its white sand beach, a variety of trees, and colorful coral reefs.On a trip to the island, the Saudi Press Agency documented the beauty of the quiet, alluring island with wonderful clean beaches and amazing weather.The exotic island has become a tourist attraction, but it needs further development and investment to become one of the most important tourist destinations in the Makkah region.Saudi Geological Survey spokesperson Tariq Abalkhail said that the island, called "The Northern Umm Al-Gharaniq", is categorized as a coral island; it is 1.2 square kilometers northwest of Ras Mohaisen.According to Abalkhail, the...
September 03, 2023

Blue clear waters of Umm Al-Oud Island in Makkah Region attract tourists

The minimum wage, which is subsidized by the Human Resources Development Fund (HADAF), has risen to SR4,000 instead of SR3,200.
Minimum wage subsidized by HADAF rose to SR4,000 instead of SR3,200
Saudi Gazette reportRIYADH — The minimum wage, which is subsidized by the Human Resources Development Fund (HADAF), has risen to SR4,000 instead of SR3,200.The decision came as part of the 5 new updates in the controls for applying for “employment support” product provided to private sector establishments in Saudi Arabia, which was launched on Saturday by the Human Resources Development Fund (HADAF) .The new updates are based on HADAF’s new strategy to enhance the sustainability of national human cadres in the labor market, and in continuation of supporting and empowering various business sectors.The 5 new updates also included canceling the grace period requirement for submitting a support request in the employment support product within the first 120 days from the date of the...
September 03, 2023

Minimum wage subsidized by HADAF rose to SR4,000 instead of SR3,200

King, Crown Prince congratulate Captains Regent of San Marino on National Day
JEDDAH — Custodian of the Two Holy Mosques King Salman has sent a cable of congratulations to Captains Regent of the Republic of San Marino Alessandro Scarano and Adele Tonnini on the anniversary of their country’s National Day.Custodian of the Two Holy Mosques wished the Captains Regent of San Marino good health and happiness, and the government and people of the Republic of San Marino steady progress and prosperity.Crown Prince and Prime Minister Mohammed Bin Salman too sent a cable of congratulations to Captains Regent of the Republic of San Marino Alessandro Scarano and Adele Tonnini on the anniversary of their country’s National Day.The Crown Prince wished the Captains Regent of San Marino good health and happiness, and the government and people of the Republic of San Marino...
September 03, 2023

King, Crown Prince congratulate Captains Regent of San Marino on National Day

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