More rain expected in Saudi Arabia for the next few days

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Heavy rain and flash floods are expected to continue in different regions of Saudi Arabia in the next two days. (SPA)
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A lightning flash brighten the darks skies of Al Jouf province on Nov. 24, 2018. (SPA)
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Qassim province has experienced heavy rain in the past days. (SPA)
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Qassim province has experienced heavy rain in the past days. (SPA)
Updated 25 November 2018

More rain expected in Saudi Arabia for the next few days

  • Saudi Arabia has never received such heavy rains in the month of November, says professor
  • Civil Defense Directorate urges the public to “to take the highest degree of caution and safety during rainfall and to avoid visiting places prone to flash floods"

RIYADH: The General Directorate of Civil Defense has urged citizens and expatriates to take utmost precautions in view of the warning about the continued inclement weather, heavy rain and flash floods that are expected to hit different regions of the Kingdom. 

Intermittent rains have been lashing the capital city since the early hours of Thursday while weather experts have predicted more rain for the next few days. 

Prof. Mansour Almazroui, director of the Center of Excellence for Climate Change Research at the Jeddah-based King Abdul Aziz University (KAU) told Arab News that light to heavy rains would continue to occur in the Kingdom including the capital city. 

He said the northern, central, southwestern and eastern parts of Saudi Arabia have received heavy rains causing flash floods in different regions.

He said the Kingdom has never received such heavy rains in the month of November. “It could be considered the wettest November in the country’s history,” Almazroui said.

He said the current rainfall system is likely to prevail over Saudi Arabia until Nov. 26, 2018, and is expected to unleash rain and thunderstorms in some places of central, northeastern, eastern and some southwestern parts of the Kingdom including Kuwait, Bahrain and the UAE. 

He said: “There are chances of moderate to heavy rain and thundershowers in some places in eastern and southwestern parts of Saudi Arabia during the next two days.” 

The KAU professor said another rainfall system is likely to approach northern/northeastern parts of Saudi Arabia by the end of November, which may cause rain and thunderstorm in some places. 

The Civil Defense urged the masses “to take the highest degree of caution and safety during rainfall and to avoid visiting places prone to flash floods.”

Picnickers and desert travelers have been warned to stay away from valleys and reefs during heavy rain or flash floods, and not to risk crossing flood passages or intersections. Heavy rainfall already took several lives early this month, when different regions of the Kingdom were hit by severe weather conditions.


Concerns rise over fake gold in Saudi Arabia

Local gold markets have seen stagnation in recent times, because of the increasing price of gold on international stock markets. (Photo/Shutterstock)
Updated 22 February 2020

Concerns rise over fake gold in Saudi Arabia

  • Accusations fly as pilgrims targeted by sellers of counterfeit precious metal

JEDDAH: A video posted on Twitter by a member of the Precious Metals Committee explaining the ways some gold manufacturers manipulate weight of gold and diamonds has attracted significant attention in Saudi Arabia, raising the question of the authenticity of gold in the Kingdom.

In the video, Mohammed Azooz said cover-ups have made many Saudi gold sellers lose power over the market, and that industry was being controlled by non-Saudis.
In the video, he explained how some people circumvented customs and sneak gold into the country, especially during the Hajj season to target pilgrims.
The Arabic translation of #cheating_in_jewelry has been trending in Twitter for a few days, and several people posted about the issue, blaming those who were selling fake gold to pilgrims as pure gold.
This is not the first time the fake gold issue has been raised. The World Gold Council previously suspended its activities in the Kingdom following claims that some jewelry manufacturers mixed glass with gold. Former Minister of Commerce and Industry Abdullah Zainal rejected the accusations at the time, described them as “grave and dangerous.”
Local gold markets have seen stagnation in recent times, because of the increasing price of gold on international stock markets.

FASTFACTS

• Types of gold depend on the percentage of gold per kilogram. For example, 24k gold, which is considered the best in quality, is 99 percent gold mixed with 1 percent of precious metal such as silver or copper. This type of gold is considered pure, and not used for adornment.

• For a kilogram of 22k gold, 125 grams of precious metals are added to 875 grams of pure gold; 150 grams of precious metals are added to 850 grams to make a kilogram of 21k gold, and 18k gold has 250 grams of precious metals per kilogram.

The price of one kilogram of 24 karat (k) gold in the Kingdom can reach SR185,000 ($46,700).
Gold and economic experts say that the movement in gold prices depends on numerous factors such as political and economic events around the world, the price of the US dollar in banks, black markets, as well as the supply and demand trends in global stock markets.

Types of gold depend on the percentage of gold per kilogram. For example, 24k gold, which is considered the best in quality, is 99 percent gold mixed with 1 percent of precious metal such as silver or copper. This type of gold is considered pure, and not used for adornment.
For a kilogram of 22k gold, 125 grams of precious metals are added to 875 grams of pure gold; 150 grams of precious metals are added to 850 grams to make a kilogram of 21k gold, and 18k gold has 250 grams of precious metals per kilogram.

Opinion

This section contains relevant reference points, placed in (Opinion field)

The Kingdom has launched an initiative, the first of its kind, authorizing authorities to launch a Shariah-based gold investment fund to enrich investment products through the Saudi Stock Exchange (Tadawul).
Moath Alkhasawneh, CEO and board member of FALCOM Financial Services, said the FALCOM Gold Fund was officially licensed by the Capital Market Authority. The fund aims to add value to Tadawul through a Shariah-based investment fund, as gold trading transactions are considered a good investment and a high-quality commodity with low risks in investment portfolios.
“Gold retains its value compared to banknotes — their value decreases because of inflation. The high demand on gold in light of the shortage of supply can drive the prices of gold higher in the long run,” said Alkhasawneh.
“The gold investment fund focuses on investment in pure and precious gold, and the investment transactions will take place at the Switzerland Gold Market under the supervision of the higher authorities in Switzerland. This will make it safer and more flexible.”