Thursday, January 26, 2017
Thursday, January 19, 2017
The Shoura Council will next week study a proposal by one of its members to impose fees on financial remittances by expatriates. The proposal, made by Hussam Al-Anqari, former chief of the General Auditing Bureau (GAB), and approved by the Shoura’s financial committee, will be put before the general assembly for discussion. Under the proposal, 6% percent fees will be charged on the amount of remittance in the first year. But gradually the fees will be reduced. Anqari said his proposal was meant to encourage expatriates to spend in the Kingdom.
Under the proposal, the funds to be collected from the fees will be deposited at the Saudi Arabian Monetary Authority (SAMA). The proposal also recommended putting a ceiling on cash an expatriate may carry with him when finally leaving the Kingdom. The Shoura noted that expat remittances have gone up from SR57 billion in 2004 to SR135 billion in 2013.
Sunday, July 31, 2016
Having to wear ski jackets in Riyadh is unheard of, but a new snow park in the Saudi capital has made them a must despite outside temperatures exceeding 45 Celsius. Saudi women wearing the compulsory traditional abaya that covers the body from head to toe are now donning thermal coats and cosy boots as they sit on sledges to scoot down the slopes of “Snow City”. This file photo taken on July 20, 2016 shows Saudi children playing on sledges at the indoor snow theme park "Snow City" in the Al-Othaim Mall Rabwa in the capital Riyadh.
Unusually in the ultra-conservative kingdom that applies strict segregation rules and where even restaurants have separate sections for “families” and single men, they are also joined by males. The complex is a rarity in Saudi Arabia where there are only small-scale amusement parks for children, and where cinemas or theatres are not allowed. Stretching over 5,000 square metres, the entertainment project does not have proper ski pistes as such, but its modest indoor slopes still manage to provide frosty fun in a country that is mostly desert and searing heat. This file photo taken on July 20, 2016 shows a general view of Saudis playing at the indoor snow theme park "Snow City" in the Al-Othaim Mall Rabwa in the capital Riyadh. ─ AFP