Dealers warn against buying gold from street

Updated 26 August 2016
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Dealers warn against buying gold from street

RIYADH: Gold dealers have warned against the spread of fake gold bullion traded at reduced prices outside authorized and licensed gold shops in Riyadh.
Several customers fell victim to these fraudsters, buying gold mixed with glass from street gold vendors, said a local daily.
Salih Al-Aqaili, owner of a gold shop, said some people were selling gold at prices lower than the going rate and warned against the low quality of gold.
He said gold sales are expected to increase due to a surge in demand by customers expecting a gold price hike in the near future.
He said an ounce of gold is currently sold for $1,345, but is expected to hit $1,400.
Ghazi bin Talib, a gold dealer and former deputy head of the National Committee for Gems and Precious Metals, affirmed that no fake gold was sold in licensed shops, adding that if any fake gold is sold, it happens only outside authorized shops.
He said shop owners purchase gold from known and licensed gold workshops and that gold carries the logo and stamp of the manufacturing plant.
Talib attributed the drop in gold prices to market recession during the summer break.
One customers said he noticed a drop in gold prices compared to last month and attributed it to poor demand.
He also advised customers to buy gold only from licensed shops to avoid ending up with fake or poor quality gold.


Saudi Arabia's civil service ministry launches national training program for public sector employees

Updated 21 January 2019
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Saudi Arabia's civil service ministry launches national training program for public sector employees

  • The “National Program for Rehabilitation and Training of Human Resources Personnel and Leaders in Government Agencies” which aims to expand the skills of government personnel
  • The training program is in line with the Saudi Vision 2030

JEDDAH: A national program aimed to train public sector employees in the field of human resources management has been inaugurated by the Ministry of Civil Service on Sunday.

The “National Program for Rehabilitation and Training of Human Resources Personnel and Leaders in Government Agencies,” which aims to expand the skills of government personnel, is in line with the country’s Vision 2030, according to the ministry.

“The Ministry of Civil Service will spare no effort in carrying out the roles entrusted to it to advance administrative development, including the modernization of the working environment in the public sector,” said Minister of Civil Service Suleiman bin Abdullah during the inauguration.

The program will explore best practices in human resources management in the public sector, and will discuss the basic principles of the employee life cycle. It will also train employees on methodologies of workforce planning, how to motivate employees to achieve their career objectives, how to foster a culture of group work, as well as highlight the role of digital technology in human resource.

Only Saudi nationals who have a college degree are eligible to join the program.

Government agencies will nominate the eligible employees, who will then be enrolled in a five-day course on human resource, where their abilities to obtain a certificate from UK-based Chartered Institute of Personnel and Development will be assessed. Successful candidates will finish a one-year training module, consisting of classroom and on-site activities.