KSA, Sri Lanka set up e-hiring system

Updated 21 March 2016
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KSA, Sri Lanka set up e-hiring system

RIYADH: Saudi Arabia and Sri Lanka have signed an agreement to set up an electronic system that would streamline recruitment from the island nation.
According to Saudi Deputy Labor Minister for Customer and Labor Relations Ziad Al-Sayegh, the two countries signed the agreement recently in Colombo, during the bi-annual joint technical committee meeting held to monitor the progress of labor relations.
Al-Sayegh said the electronic system would function through the Saudi Musaned website, and would keep a tab on the charges levied by the exporting countries and wages of domestic workers. It would increase competitiveness between recruitment agencies and reduce delays, he said.
Last year, Saudi Arabia and Sri Lanka signed a labor pact protecting the rights of workers and employers, covering 12 categories of domestic workers including housemaids, drivers, cleaners, and waiters employed by individuals.
The proposed agreement includes provisions stipulating that contracts be in a language understood by the workers, and include details of working conditions, and health and safety requirements.
Employers must agree to terminate the service contracts of workers after a maximum period of two years if their employees want to leave. In addition, employees have the right to retain all their travel documents at all times.


‘Davos in the Desert’ brings 150 global leaders to Riyadh

Updated 16 October 2018
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‘Davos in the Desert’ brings 150 global leaders to Riyadh

  • The Future Investment Initiative (FII) runs from Oct. 23 to 25
  • The three key themes of this year’s event are investing in transformation, technology as an opportunity, and advancing human potential

RIYADH: The Public Investment Fund (PIF) of Saudi Arabia has revealed the program for a high-profile gathering of global leaders, business chiefs and innovators in Riyadh next week.

The Future Investment Initiative (FII) runs from Oct. 23 to 25 with US Treasury Secretary Steve Mnuchin and IMF Managing Director Christine Lagarde among those scheduled to take part.

More than 150 speakers from 140 different organizations have confirmed their attendance for the event which was hosted for the first time a year ago and was quickly dubbed “Davos in the Desert” — a reference to the annual World Economic Forum hosted each year in the Swiss resort.

The three key themes of this year’s event are investing in transformation, technology as an opportunity, and advancing human potential.



“FII is a global platform focused on identifying future economic trends and opportunities, defining the future of industries and discussing how investment can contribute to overall global prosperity and development,” the PIF, Saudi Arabia’s sovereign wealth fund, said on Monday.

“Ten years on from the global financial crisis, the world is undergoing a period of large-scale economic and technological transformation. FII will convene global leaders, investors and innovators to discuss how businesses, governments and global institutions can work together to drive long-term growth and prosperity.”

The next installment of FII will include a panel called “One World” — a look at how leaders from business and government develop a collective vision for the future.

Other sessions cover digital currencies, capital flows, market drivers, immersive technology, sustainability and giga-projects such as NEOM, the vast development announced at last year’s FII.