Draft law calls for SR9,000 in unemployment compensation

Updated 05 August 2013

Draft law calls for SR9,000 in unemployment compensation

Jobless Saudis will receive SR9,000 for the first three months in unemployment compensation and SR7,500 for each additional month without work, according to a draft law under an unemployment insurance system.
Article XII stipulates that any compensation should not exceed 100 percent of the average monthly wages, subject to subscription.
The compensation provided is 60 percent for the first three months and is based on average wages of the worker. It drops to 50 percent for any additional month.
The system defined the maximum time period for the disbursement of compensations to be 12 continuous months.
Disbursement of the compensation will stop in cases of death, if the unemployed earns a monthly income from any kind of work, or if the worker became completely disabled and unable to work.

A worker may not be eligible for unemployment if he or she is no longer registered with the Ministry of Labor, not looking hard enough for work, or has not joined a training program without an acceptable excuse.
When the worker reaches the age of 60, he will be entitled to a pension under the social security system.

Saudi Arabia welcomes US decision on Iran oil sanction waivers

Updated 23 April 2019

Saudi Arabia welcomes US decision on Iran oil sanction waivers

  • The Saudi minister said Iran uses state income to finance their dangerous policies
  • Saudi Arabia will work with other oil producing countries to stabilize international market

DUBAI: Saudi Arabia has welcomed US Foreign Minister Mike Pompeo’s announcement that waivers on the sanctions on Iranian oil exports will be lifted, Saudi state agency SPA reported.

Saudi Arabia believes the US decision is a necessary step to pressure the Iranian government to stop jeopardizing peace and end their global support for terrorism, the Saudi Foreign Minister, Ibrahim bin Abdulaziz Al-Assaf, said.

The Iranian regime uses the country’s income to finance dangerous policies without any consideration for international law, the minster added.

International pressures on Iran must continue until it stops interfering in the domestic affairs of other countries, he stressed.

Saudi Arabia will continue their strict adherence to the policies, which aim to stabilize international markets, and will not produce oil beyond the balance, Al-Assaf said.

The Kingdom will cooperate with other oil producing countries to produce enough oil for consumers, he added.