Iranian Rial Hits Record Low at 128,000 to US Dollar Dialogue 2018 Tehran Website Bonbast.Com, Which Effect in November
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TWITTER CELEBS @newsofbahrain OP-ED 10 West in denial about the ‘Hezbollahization’ of Iraq INSTAGRAM Bono says ‘back to full /nobmedia 4 voice’, U2 tour will LINKEDIN TUESDAY newsofbahrain SEPTEMBER 2018 U2 frontman Bono has said he will be “back to WHATSAPP 200 FILS 38444680 ISSUE NO. 7859 full voice” for the rest of a European tour after the FACEBOOK /nobmedia Irish rock band was forced to cancel a gig in Berlin MAIL [email protected] when they were only a few songs in. WEBSITE newsofbahrain.com P16 Nick, Priyanka enjoy ‘magical’ getaway 16 SHOW WORLD 12 Reporters jailed in Myanmar ‘No visa regulations Thieves on the prowl Saudi denies imposing fees on for Nepal nationals’ foreign worker remittances Jeddah The statement was issued in response to “baseless and un- audi Arabia’s Ministry of founded reports” by some media Finance denied on Monday outlets. Sreports that it was planning The Kingdom is home to more to impose fees on the remittanc- than 10 million foreign workers es of foreign workers. who in 2017 sent almost $38 bil- The ministry said it was com- lion to their home countries. Mr Sundas mitted to supporting the free The ministry said keeping the movement of capital through remittances free of fees “will TDT|Manama official channels in accordance also enhance foreign investors’ Harpreet Kaur A group of thieves broke the window of a car to steal BD1,300 along with bank cheques yesterday. The car was parked in with international standards and confidence in the Kingdom’s the parking lot near The Regency Hotel Bahrain in Manama. Police have begun a probe into the incident. practices. economy and financial systems.” he claims citing a visa ban Ton Nepalese nationals for all categories of visas turned out to be inaccurate, officials confirmed to the Tribune. Reports circulating and claiming a ban on visas to the Nepalese nationals were de- nied by the Nepal Embassy Bahrainisation at slow officials. Nevertheless, of- ficials stated that there are changes being made related to permitting working visas to Nepalese nationals in the domestic worker categories. Speaking to Tribune, Pad- pace in private sector am Sundas, Nepal Ambassa- dor to Bahrain, said, “There 0.8pc was the increase in the recruitment of Bahrainis in the sector last year when compared to 2016 has been no ban on issuing visas to Nepalese nationals to them is cheap labour.” Bahrain. The reports circulat- The economic analyst However, Mr Khalifa said Bah- ing are baseless as all workers • rainisation has been a success in are coming smoothly into the said that Bahrainisation a few sectors like banking. These job fairs are not country without any hassles. has been a success in a “I think the Kingdom has really yielding results. “Moreover, Nepalese work- few sectors like banking. achieved about 95pc Bahraini- A recent job fair was ers are increasing in the King- sation in the banking sector. But attended by around dom in all fields. Labour minister had what is the point if this success 5,000 unemployed youth “However, the Government • is not emulated in other seg - of Nepal is in the process of announced that the ments?” while the jobs offered implementing new rules for national employment He said hospitality sector is there were only 1,000. the protection of rights of the in the private one segment, which could em- MR KHALIFA domestic workers.” sector has reached ploy a large number of Bahrainis. Meanwhile, a source told “But that is not really happening. compared to 20,354 Bahraini Tribune that she has been 158,400, highlighting Foreigners in droves are hired university graduates in the pri- trying to apply visa for her the remarkable in the sector, be it restaurants or vate sector. employee, who is a Nepalese improvement in the other hospitality sectors.” The national labour force in- national, but the application recruitment of Bahrainis The economic analyst also creased by 0.8pc last year, to was rejected without provid- highlighted the failure from the reach up to 158,415, compared ing a genuine reason. in the private sector. part of Labour and Social De- to 2016, when it was 157,119 “Now Nepalese citizens are velopment Ministry to create Bahraini workers, despite the finding it hard to come to the TDT|Manama enough jobs for the citizens. increase in the number of re- Kingdom as domestic work- Thamer Tayfour “These job fairs are not really tirees. ers, which is not a good news yielding results. A recent job fair Labour and Social Develop- here as many of us depend s less as 1,296 Bahrainis was attended by around 5,000 ment Minister and Chairman on expatriate workers to run were employed by the unemployed youth while the of the Board of Labour Market the show.” Aprivate sector during the ic analyst Arif Khalifa said the jobs offered there were only Regulatory Authority Jameel last year, which is an increase numbers show that the author- 1,000.” Humaidan had earlier an - of meagre 0.8 per cent when ities have failed to stimulate the Mr Khalifa also said that there nounced that the national em- compared to 2016, according to economy and generate enough is a link between unemployment ployment in the private sector the data revealed by the General jobs for Bahrainis, especially for and inflation rate which stands has reached 158,400, highlight- Authority for Social Insurance. 4.2 the youth in the Kingdom. at 2.2pc. ing the remarkable improve- DON’T MISS IT The data reveals that Bahrai- per cent was the last “The rate of growth ideally According to statistics, ex- ment in the recruitment of Bah- nisation has not been a great year’s unemployment should have been between two patriates hold 73pc of graduate rainis in the private sector. success in the Kingdom’s private rate in the Kingdom. and three per cent. The private jobs in the labour market. The The number of jobseekers in sector against what authorities companies continue to hire ex- total number of foreign employ- 2017, stabilised at 8,252, which Hidden sale of have been acclaiming. patriates for several reasons. ees having university degrees is 4.1pc of the labour force, ac- illegal tobacco Speaking to Tribune, econom- And the most prominent among in the private sector is 52,414, cording to ministry data. 03 products on a rise amidst ban FREE FALL ‘More countries to be part’ 04 of Manama Iranian rial hits record low at 128,000 to US dollar Dialogue 2018 Tehran website Bonbast.com, which effect in November. economic situation in Iran tracks the unofficial market. Last week, Iran’s parliament erupted last December, spread- Shock to expat he Iranian rial hit a re- The currency has been vol- sacked the minister of economic ing to more than 80 cities communities cord low against the US atile for months because of a affairs and finance, the latest and towns and resulting in 25 Tdollar on the unofficial weak economy, financial diffi- in a continuing shakeup of top deaths. 05 as one more market on Monday amid a de- culties at local banks and heavy economic personnel. In early Sporadic protests, led by truck commits suicide terioration in the economic sit- demand for dollars among Ira- August Iranian lawmakers vot- drivers, farmers and merchants uation and the reimposition of nians who fear the pullout of ed out the minister of labor and in Tehran’s bazaar, have con- sanctions by the US. Washington from a landmark in July President Hassan Rou- tinued since then and have oc- The dollar was being offered 2015 nuclear deal and renewed hani replaced the head of the casionally resulted in violent for as much as 128,000 rials, US sanctions could shrink Iran’s A set of US sanctions targeting central bank. confrontations with security according to foreign exchange exports of oil and other goods. Iran’s oil industry is due to take Protests linked to the tough forces. TUESDAY, SEPTEMBER 4, 2018 02 SIAC efforts to promote Islamic thoughts lauded HM the King hailed the dedicated• efforts exerted by the council to promote Islamic thought, clarify tolerant Islamic precepts and translate Bahrain’s commitment to all that unites Muslims. On behalf SIAC scholars, Shaikh• Abdulrahman bin Mohammed bin Rashid Al Khalifa expressed deepest thanks and appreciations His Majesty receives Shaikh Abdulrahman and SIAC members. for the royal trust. His Majesty commended the crucial preserves their interest and builds bridg- His Majesty wished current (SIAC) (SIAC) Chairman Shaikh Abdulrah- Manama role of the council since its inception es between religions, doctrines and cul- Chairman Shaikh Abdulrahman bin man bin Mohammed bin Rashid Al more than twenty years ago in the era tures, while respecting their differences. Mohammed bin Rashid Al Khalifa and Khalifa presented HM the King with is Majesty King Hamad bin Isa of late HH Shaikh Isa bin Salman Al HM the King paid tribute to late SIAC council members every success in as- the first edition of a book of reference Al Khalifa received Supreme Khalifa. Chairman His Highness Shaikh Abdulla suming his duties. written in five volumes by Imam ibn HIslamic Affairs Council (SIAC) HM the King hailed the dedicated bin Khalid Al Khalifa, who played a role He expressed thanks to scholars and re- Al-Jawzi, who died in the year 597 Hijri. Chairman Shaikh Abdulrahman bin efforts exerted by the council to pro- in establishing the council, promoting ligious preachers for their role in guiding On behalf SIAC scholars, Shaikh Ab- Mohammed bin Rashid Al Khalifa and mote Islamic thought, clarify tolerant its mission and bolstering its pioneering Muslims and promoting Islamic values dulrahman bin Mohammed bin Rashid council members at Al Safriya Palace Islamic precepts and translate Bahrain’s role in highlighting the Islamic values of which encourage learning, acquisition Al Khalifa expressed deepest thanks and yesterday.