Insurance institute graduates slam inaction on job demand

Updated 22 April 2016

Insurance institute graduates slam inaction on job demand

RIYADH: Young men and women who have graduated from an insurance institute have expressed disappointment that the Ministry of Health (MoH) has not helped them land jobs.
They called on Minister of Health Khalid Al-Falih to help them with their problem so that they can be productive by using what they learned at school and repay their parents for their sacrifices.
“Having been classified by the Saudi Commission for Health Specialties and certified as insurance institute graduates, we should be given top priority on job opportunities,” said Jalal Al-Inizi, spokesman for the group. Justifying their demand, he said, “We attended classes regularly for three years and spent a great amount of money, exceeding SR45,000.
This is why we’re surprised that the MoH has not lifted a finger to help us.” He said that he and other graduates had tried their luck to seek jobs with local firms, including insurance companies, so that they don’t appear to be helpless but “we have not been lucky enough.”
He added that he and other graduates have had several meetings with Health Undersecretary Dr. Saad Al-Hujaily and other MoH officials, but “we’re still waiting until now.”
Before that, he said, “we also had a meeting with then-Health Minister Adel Fakeih and other officials.”
He added that “we’re unemployed even if we have the educational qualifications while those holding the position supposed to be for us are employees of the department of nursing, radiologists and pharmacists, among others.”
He also said that when they complained to the Department of Health Affairs which acted on their behalf, the MoH answered by saying that the “resolution for their employment had not been implemented. Who can help us? What are we supposed to do?” he said.


Saudi Arabia delays May crude prices until after OPEC+ meeting

Updated 05 April 2020

Saudi Arabia delays May crude prices until after OPEC+ meeting

  • OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut

DUBAI: Saudi Aramco will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.
"It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doing what we can to make it successful, including taking this extraordinary step to delay the OSPs," the Saudi source said.
Saudi Aramco typically issues its OSPs by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
OPEC and allies are due to meet on Thursday to discuss a possible new global crude supply cut to end a price war between Saudi Arabia and Russia which has prompted US President Donald Trump to intervene.
The Saudi source said that Riyadh wants to avoid a repeat of the outcome of a March meeting where oil talks collapsed between OPEC and allies "due to Russia's lack of cooperation with the rest of OPEC+ participants".
Coordinated cuts between OPEC members and others led by Russia expired on March 31 having helped support crude prices since they began in January 2017.
The OPEC+ meeting was initially due for Monday, but was postponed to April 9 "to allow for more time to reach out to all producers including OPEC+ and others," the Saudi source said.