Saudi Arabia extends amnesty deadline for illegal expat workers



RIYADH // Saudi Arabia today gave foreign workers another four months to obtain legal status in the country, bringing respite to hundreds of thousands of expatriates who fear deportation.
Foreigners who do a different job to the one listed on their residence permit, will now have until the end of the Islamic year on November 3 to resolve their status, Saudi official media reported citing an interior ministry statement.
A deadline for a previous three-month amnesty had been set to expire today.
Expatriates account for about a third of the population and for decades the authorities have turned a blind eye to visa irregularities to give Saudi companies a ready stream of cheap imported labour.
That has led to the emergence of a labour black market, which the government says makes it harder for Saudis to get jobs in a country with an official 12 per cent unemployment rate, and which economists say fosters inefficiencies.
Remittances from workers in Saudi Arabia are an important source of revenue in Yemen, Pakistan, India, Sri Lanka, Indonesia, the and the Philippines.
Earlier this year the kingdom began to crack down on the many foreign workers who have violated their visa terms with surprise inspections on streets and in company offices.
Tens of thousands of people were deported or decided to leave the country under this pressure, raising concern about possible damage to the economy if deportations continued.
The government then announced an amnesty during which workers would be forgiven any fees or fines for visa violations such as overstaying or switching jobs, but bureaucratic delays mean many have still not regularised their status.
"They might have deported me. This is the situation for so many of us. I was very worried. We didn't know what would happen on Wednesday [when the deadline expired]," said a Pakistani working as a receptionist for a company in Riyadh.
Behind the crackdown is a government effort to enforce sweeping labour reforms it introduced last year that impose quotas for Saudi and foreign employees and reserve some jobs exclusively for Saudis.
Companies try to get around localisation quotas by hiring workers who are officially sponsored by another company. However, the government is trying to close that loophole by imposing the same quotas on manpower companies.
Workers are also in violation if they work in a different professional field to the one they are listed under, a widespread problem in a country where many expatriates are officially listed as labourers but work as anything from drivers to administrators.
"Maybe 30 to 35 per cent of our staff are correctly registered. I have 10 people under the sponsorship of our company, of whom six are Saudis. So technically we've met our quota. But there are 12 others who are employed from outside," said an office manager in Riyadh.
"If they hadn't extended I would have had to ask many of our staff to work from home from tomorrow or to stop working temporarily until we could resolve the problem," he added.
Like the receptionist, he did not want to name the company for fear of government inspections.

UAE currency: the story behind the money in your pockets
Drishyam 2

Directed by: Jeethu Joseph

Starring: Mohanlal, Meena, Ansiba, Murali Gopy

Rating: 4 stars

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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Essentials

The flights
Whether you trek after mountain gorillas in Rwanda, Uganda or the Congo, the most convenient international airport is in Rwanda’s capital city, Kigali. There are direct flights from Dubai a couple of days a week with RwandAir. Otherwise, an indirect route is available via Nairobi with Kenya Airways. Flydubai flies to Kinshasa in the Democratic Republic of Congo, via Entebbe in Uganda. Expect to pay from US$350 (Dh1,286) return, including taxes.
The tours
Superb ape-watching tours that take in all three gorilla countries mentioned above are run by Natural World Safaris. In September, the company will be operating a unique Ugandan ape safari guided by well-known primatologist Ben Garrod.
In the Democratic Republic of Congo, local operator Kivu Travel can organise pretty much any kind of safari throughout the Virunga National Park and elsewhere in eastern Congo.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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