Saudi Arabia to compensate contractors for hike in expat fees

A photo taken on January 31, 2017 shows a view of cars driving past a suspended bridge of one of the lines of the Riyadh metro in the Saudi capital. (AFP)
Updated 28 March 2018
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Saudi Arabia to compensate contractors for hike in expat fees

RIYADH: Saudi Arabia on Tuesday said it would reimburse contractors for increased expatriate worker’s fees in government projects approved before December 2016.
“After reviewing the imposition of monthly fees on expatriate labor ... the Cabinet orders the Finance Ministry ... to compensate enterprises which entered into government contracts before December 2016,” the SPA reported.


Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

Updated 19 May 2019
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Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

  • Saudi Arabia and UAE pledged to send $3 billion worth of aid to Sudan
  • The remaining amount will be allocated to meet the urgent needs of the Sudanese people

RIYADH: Saudi Arabia said on Sunday it deposited $250 million with the Sudanese central bank, according to a statement from the Kingdom’s ministry of finance.

Saudi Arabia and the UAE pledged to send $3 billion worth of aid to Sudan, after mass protests led to the ouster of president Omar al-Bashir last month.

The move will strengthen Sudan’s “financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate," the statement said.

Saudi Arabia and the United Arab Emirates have deposited now $500 million into Sudan’s Central Bank, the first instalment of the joint package of aid.

The remaining amount will be allocated to meet the urgent needs of the Sudanese people, including food, medications and oil derivatives.

Mohammed Abdullah Al-Jadaan, Minister of Finance, confirmed that this deposit constitutes an extension of the Kingdom’s support to the Sudanese people.

He added that this support will strengthen the financial and economic situation in Sudan, especially the exchange rate of the Sudanese pound, which should reflect positively on the living conditions of the Sudanese citizens.