Saudi Arabia’s banks getting ready to finance women buying cars

Saudi Arabia’s banks getting ready to finance women buying cars
A woman drives a car in Riyadh, Saudi Arabia. (AFP)
Updated 29 September 2017

Saudi Arabia’s banks getting ready to finance women buying cars

Saudi Arabia’s banks getting ready to finance women buying cars

DAMMAM: The decision to allow women to drive will result in increased car sales requiring bank loans, and it is expected that banks will see a growing demand on this kind of loan; therefore, Saudi banks are getting ready to offer services to these women, a bank source said.
Talat Hafiz, secretary-general of the media and banking awareness committee of the Saudi banks, said that banks are ready to finance women wanting to buy cars directly and indirectly through payments to car dealerships, pointing out that this decision will have beneficial economic impacts such as facilitating the work of women and expanding their economic roles.
He pointed out “one of the main problems impeding women’s work is transportation. The money women spend on taxis is considered a big waste. Therefore, families will be able to save a lot now.”
“Car sales in the Kingdom reach 600,000 thousand annually. However, this number will increase by 50 percent in the coming period, which will have many positive impacts on the country’s economy, including the GDP,” he added.
As for the banks’ position regarding this decision, he said that banks make no distinction between women and men, whether it is a consumer, mortgage or investment loan. However, banks expect to receive more female applicants in the coming period, which will have a positive impact on the overall economy.
He said that banks are ready to support this decision, noting that there will be new job opportunities for women in the transportation sector, such as with transportation companies Uber and Kareem, which might hire female drivers, giving more privacy to women who would prefer a female driver instead of a male one.


Saudi FM Faisal bin Farhan says Kingdom stresses on significance of bolstering joint Arab action

Saudi FM Faisal bin Farhan says Kingdom stresses on significance of bolstering joint Arab action
Updated 9 min 9 sec ago

Saudi FM Faisal bin Farhan says Kingdom stresses on significance of bolstering joint Arab action

Saudi FM Faisal bin Farhan says Kingdom stresses on significance of bolstering joint Arab action

Saudi FM Faisal bin Farhan says Kingdom stresses on significance of bolstering joint Arab action


Saudi health minister: COVID-19 vaccines will be available at pharmacies for free

Saudi health minister: COVID-19 vaccines will be available at pharmacies for free
Updated 03 March 2021

Saudi health minister: COVID-19 vaccines will be available at pharmacies for free

Saudi health minister: COVID-19 vaccines will be available at pharmacies for free
  • Part of efforts to expand the ongoing inoculation campaign

DUBAI: Saudi Arabia will provide coronavirus vaccines at pharmacies across the kingdom for free, the country’s Minister of Health Dr. Tawfik Al-Rabiah told Al Arabiya.

This comes as part of efforts to expand the ongoing inoculation campaign and facilitate access to vaccine cites, he added. More 100 vaccination facilities have opened around the country since Saudi Arabia began its nationwide vaccination campaign on December 17.

Saudi Arabia’s Food and Drug Authority is currently evaluating a number of COVID-19 vaccines in a bid to expand the vaccination process in various regions of the Kingdom, which are taking place at a high rate.

The Ministry of Health indicated that the vaccines currently approved in Saudi Arabia or those currently being evaluated are approved for use starting from the age of 16 or 18 years.

Saudi Arabia has announced on Tuesday plans to expand vaccination centers across the Kingdom, health spokesman Mohammed Al-Abd Al-Aly said.

However, pregnant women and children will still not be permitted to receive the coronavirus vaccine as further studies have not been completed yet, Al-Aly added.

The Minister of Health also announced that COVID-19 vaccines will be a pre-requisite for applicants wishing to perform the Islamic pilgrimage, or Hajj, in 2021.

 

“A vaccination committee must be formed for the Hajj and Umrah season, on which they have adopted the compulsory reception of the COVID-19 vaccine for participating healthcare workers,” he said.

Saudi Arabia has recently launched drive-through vaccine centers in Riyadh, Makkah, Madinah and Abha. Individuals wishing to receive the jab must first register through the official Sehatty app.

The Kingdom vs. COVID-19
How Saudi Arabia acted swiftly and coordinated a global response to fight the coronavirus, preventing a far worse crisis at home and around the world
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Preventive measures, Tawakkalna app help slash Madinah COVID-19 cases by 86%

Preventive measures, Tawakkalna app help slash Madinah COVID-19 cases by 86%
Updated 03 March 2021

Preventive measures, Tawakkalna app help slash Madinah COVID-19 cases by 86%

Preventive measures, Tawakkalna app help slash Madinah COVID-19 cases by 86%
  • Tawakkalna was launched last year to help track coronavirus infections

RIYADH: Strict health and safety measures and a dedicated app to stop the spread of coronavirus disease (COVID-19) are being hailed for helping to push down the number of virus cases in the Madinah region by more than 86 percent.

Officials said the implementation of precautionary and preventive rules alongside the effective use of Saudi Arabia’s official Ministry of Health-approved Tawakkalna app had been major contributors toward combating the outbreak.

“Digital applications and artificial intelligence proved to be one of the most successful approaches both regionally and globally (in tackling COVID-19),” said ministry spokesman, Dr. Mohammed Al-Abdulaali.

The app was launched last year to help track COVID-19 infections and has since been developed and updated to function as a COVID-19 passport that users produce to confirm their health condition in order to gain access to workplaces, shops, and malls.

In the space of two months, it had played a key role in slowing the spread of the virus in the region, Al-Abdulaali added in report by state news agency SPA.

He pointed out that the Madinah region had been going through a critical period in which the number of infection cases had significantly increased.

“This came as a result of some public negligence in observing the preventive measures and precautions; particularly, the lack of adherence to quarantine in addition to social gatherings,” the SPA report said, adding that this had led to a sharp rise in the number of daily cases, prompting the rollout of the Tawakkalna app.

Following two months of strict enforcement of preventive measures and the promotion of the app, infection rates in Madinah fell significantly.

Al-Abdulaali urged the implementation of preventive measures in all regions as a “collective community response” to fighting COVID-19 and encouraged citizens to use Tabaud, a bluetooth-based app that notifies individuals if they come into contact with other infected people.

The Kingdom vs. COVID-19
How Saudi Arabia acted swiftly and coordinated a global response to fight the coronavirus, preventing a far worse crisis at home and around the world
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Arab coalition destroys Houthi drone fired towards southern Saudi Arabia

Arab coalition destroys Houthi drone fired towards southern Saudi Arabia
Updated 03 March 2021

Arab coalition destroys Houthi drone fired towards southern Saudi Arabia

Arab coalition destroys Houthi drone fired towards southern Saudi Arabia

DUBAI: The Arab coalition fighting the Houthi militants in Yemen said it has destroyed a drone launched by the Iran-backed group towards the southern region of the kingdom, state news agency SPA reported on Wednesday.
“The joint coalition forces were able this morning to intercept and destroy a ‘booby-trapped’ drone launched by the Iranian-backed terrorist Houthi militia in a systematic and deliberate manner to target civilians and civilian objects in the southern region,” the statement said.

 


Saudi cabinet once again condemns attacks on the Kingdom by Houthis

Saudi cabinet once again condemns attacks on the Kingdom by Houthis
Updated 03 March 2021

Saudi cabinet once again condemns attacks on the Kingdom by Houthis

Saudi cabinet once again condemns attacks on the Kingdom by Houthis
  • Ministers also briefed on King Salman’s recent call with US President Joe Biden, and the latest COVID-19 developments

RIYADH: Saudi authorities have again condemned the continuing cross-border attacks on the Kingdom by the Houthi militia in Yemen.

The comments came on Tuesday, during the weekly meeting of the Saudi cabinet chaired by King Salman. The latest Houthi assault took place earlier in the day and left five civilians injured.

“The council appreciated the efficiency of the air-defense system in confronting and thwarting the threats made by the Iran-backed terrorist Houthi militia, and its violations of international laws by launching ballistic missiles and drones at civilians and civilian objects in the Kingdom in a deliberate and systematic manner,” said Minister of Information Majid Al-Qasabi.

The cabinet was also briefed on King Salman’s telephone conversation with US President Joe Biden last Thursday, during which both sides stressed the depth of the relationship between the two countries, and the importance of strengthening the partnership to serve their interests and achieve regional and international security and stability.

The Council of Ministers hailed a second consecutive year of progress made by the Kingdom in the Women, Business and the Law 2021 report recently published by the World Bank Group, which ranked Saudi Arabia among the leading countries in the MENA region for empowerment of women.

Initiatives implemented as part of the Kingdom’s Vision 2030 have helped to support the introduction of legislative reforms designed to enhance and expand the role of women in the economic development of the nation, and make the Kingdom more competitive regionally and globally, the cabinet said.

Ministers were briefed on the latest developments in the coronavirus (COVID-19) pandemic, and reviewed reports from new vaccination centers that have opened in several regions, Al-Qasabi told the Saudi Press Agency.

The cabinet also congratulated Crown Prince Mohammed bin Salman for the successful surgery he underwent last week, wishing him health and wellness.

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