This Tiny Moon Has More Oil & Gas Than Earth

Imagine a place with hundreds of times more natural gases and other liquid hydrocarbons than all of the known oil and gas reserves on our bountiful planet. As it turns out, that place is a comparatively small, smoggy and perpetually drizzly moon in our very own solar system, happily orbiting around Saturn. On Titan, the largest of Saturn’s 62 moons, hydrocarbons naturally rain down from the skies in a “dreary drizzle” and collect in the form of vast lakes and dunes. This has long been known or at least surmised, but now we have…

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600 expected to take part in women investors’ exhibition in Riyadh

Author: 
RODOLFO C. ESTIMO JR.
Sun, 2017-12-03 03:00
ID: 
1512245436833454000

RIYADH: Six hundred exhibitors are expected to participate in a women investors’ exhibition that begins in the Saudi capital on Dec. 21 under the sponsorship of Riyadh Gov. Prince Faisal bin Bandar.
Huda Al-Jeraisy, head of the organizing committee, said that more than 1,000 women have expressed an interest in participating but the venue could accommodate only 600.
The Riyadh Chamber of Commerce and Industry is the organizer of the event, which will be held for six days at the Riyadh International Exhibition and Convention Center. Al-Jeraisy added that the women’s committee has seen the various products or services of the exhibitors who should not be less than 18 years of age.
The exhibition includes items connected with national heritage, handicrafts, fashion and beauty, folk cuisine, design and printing, arts, entertainment, concert planning, decoration, perfumes and incense as well as marketing, technical and consulting services.
Al-Jeraisy said: “This kind of women’s investment, which is characterized by production from home, is encouraged and supported by government and private entities.”
She said the support the exhibition draws is based on the fact that a large number of Saudi women are able to produce creative and heritage products from their homes.

 
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At least 517 vehicles towed away across Saudi Arabia for parking in disabled spaces

Author: 
RODOLFO C. ESTIMO JR.
Sun, 2017-12-03 03:00
ID: 
1512245436823453200

RIYADH: More than 517 vehicles were seized on Friday in various regions as the Kingdom stepped up the campaign against vehicles parked in spaces reserved for people with disabilities.
The traffic departments were carrying out the second field operation to establish a culture of respect for the rights of people with special needs.
The traffic departments said that they would apply regulations to all violators without exception.
They also called for cooperation from the public to show respect for people with special needs by not parking in spaces reserved for them.
The General Administration of Traffic ordered the operation following a directive from Brig. Gen. Mohammed Abdullah Al-Bassami, director general of the traffic department.
Earlier, the traffic department of Al-Qurayyat seized 12 vehicles that took positions of people with special needs, according to Col. Abdulaziz bin Mohammed Al-Brayza.

 
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At least 517 vehicles towed away across Saudi Arabia for parking in disabled spaces

Author: 
RODOLFO C. ESTIMO JR.
Sun, 2017-12-03 03:00
ID: 
1512245436823453200

RIYADH: More than 517 vehicles were seized on Friday in various regions as the Kingdom stepped up the campaign against vehicles parked in spaces reserved for people with disabilities.
The traffic departments were carrying out the second field operation to establish a culture of respect for the rights of people with special needs.
The traffic departments said that they would apply regulations to all violators without exception.
They also called for cooperation from the public to show respect for people with special needs by not parking in spaces reserved for them.
The General Administration of Traffic ordered the operation following a directive from Brig. Gen. Mohammed Abdullah Al-Bassami, director general of the traffic department.
Earlier, the traffic department of Al-Qurayyat seized 12 vehicles that took positions of people with special needs, according to Col. Abdulaziz bin Mohammed Al-Brayza.

 
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Call to introduce mandatory pre-marriage training courses in Saudi Arabia

Author: 
MOHAMMED AL-KINANI
Sun, 2017-12-03 03:00
ID: 
1512245436823453000

JEDDAH: A charity is advocating mandatory pre-marriage training courses to curb the increasing numbers of divorces and matrimonial disputes.
Mohammed Al-Raddi, director for Almawaddah charity Family Development, told Arab News that more than 30,000 families had benefited from their service in 2016, with a 92 percent satisfaction rate.
He said the charity’s objectives are in harmony with the Vision 2030 plans for reinforcing the role of families to preserve the social fabric and build a strong and productive society.
Al-Raddi suggested that the Ministry of Justice should make it mandatory for couples who are going to get married to attend a course.
“Increasing divorce cases and family problems make it necessary that we do all that we can to minimize these numbers, just like the pre-marriage medical screening, which has helped couples avoid many health risks,” he said.
He said that an agreement with the Social Development Bank to link their marriage loans to a marriage preparation course had been reached. However, he added, this has not yet been put into effect.
Al-Raddi said that since their society was established 15 years ago, they have trained more than 20,000 people who were going to get married. “We conducted a study last year about the impact of our courses on those who had attended our courses three years before. We found that 95 percent were then enjoying a good family life,” he said.
Al-Raddi said that some of their studies had shown that a large proportion of divorce cases occurred during the early months of marriage. “This was found to be due to outside interference from relatives who stick their noses into a couple’s life,” he said.
Similar studies had shown that 23 percent of divorce cases were due to couples being unable to solve their problems.
Their pre-marriage qualification program was designed to prepare young men and women to enjoy a strong, healthy relationship and offer them a better chance of a satisfying and lifelong marriage.
He said the program presented stories of successful couples who had managed to turn relationship failure into success. It also helped young people to know their marital rights and duties in accordance with the Shariah rulings.

 
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The Geopolitical Video Game

The way the world economy is manipulated by world leaders is a little like a giant video game. The object of the game is to keep the world economy growing, without too many adverse consequences to particular members of the world economy. We represent this need for growth of the world economy as being similar to making a jet airplane fly at ever-higher altitudes. (Click to enlarge)Figure 1. Author’s view of the situation we are facing. World leaders look at their video screens and adjust their controllers to try to make the world economy…

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Saudi tourism body to award museum, heritage contracts worth SR1.2 billion

Author: 
Arab News
Sun, 2017-12-03 03:00
ID: 
1512245436823453800

RIYADH: Nine museum and heritage projects will be awarded across the Kingdom at costs totaling more than SR433 million ($155 million), the Saudi Commission for Tourism and National Heritage (SCTH) has announced.
The SCTH said another five projects will also be awarded within the SCTH cultural heritage projects whose costs are more than SR1.4 billion.
SCTH President Prince Sultan bin Salman has patronized the signing of the contracts with a number of national companies.
The new projects included the establishment of new museums, development of existing ones, expansion of the National Museum, maintenance, fencing and posting of awareness notices in the archaeological and heritage sites in addition to other projects to rehabilitate a number of archaeological sites across the Kingdom.
The new projects come as part of King Salman’s program for cultural heritage in the Kingdom. There are now 230 projects covering heritage with its various components such as antiquities, museums, sites of Islamic history, urban heritage, and handicrafts, plus other components of the Kingdom’s heritage.
The new projects also included the design of museum exhibitions; executive plans for the rehabilitation of Al-Saqqaf Palace in Makkah region; expansion and development of the National Museum (first phase); design and preparation of the executive plans of the SCTH regional museums in Dammam, Tabuk, Baha, Hail, Jouf, Najran and Asir; museum projects in Al-Qasim, Arar, Tima and Ahsa, and the railway museum in Madinah; the rehabilitation project of Khuzam Palace and other historic and heritage buildings in Ahsa; and the rehabilitation of ten heritage buildings in Yanbu (first phase).
On the other hand, the maintenance, fencing and posting notices projects covered 300 sites across the Kingdom and the signing of operation and engineering contracts for museums and archaeological sites more than 130 locations in all parts of the Kingdom.
The projects also included the rehabilitation of the archaeological sites in Al-Jouf Region, including five sites in Skaka Province and another two in Domat-Al-Jandal Province.

 
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Saudi businesses urged to get ready for VAT to begin in a month

Author: 
ARAB NEWS
Sun, 2017-12-03 05:00
ID: 
1512245436823453400

RIYADH: Businesses with annual revenues of more than SR1 million ($266,640) have been urged to hurry their value-added tax (VAT) registration process and ensure their readiness for its implementation in just 29 days, on Jan. 1, 2018.
The General Authority for Zakat and Income Tax (GAZT) stressed the importance of visiting the VAT website vat.gov.sa, to check the procedures and requirements, and follow the instructions to be fully ready to start committing to the VAT laws and regulations.
Companies with annual revenues of more than SR1 million were given until Dec. 20 to register, while the deadline for companies with annual revenues between SR1 million and SR375,000 ($99,961) has been extended by a year (Dec. 20, 2018). The registration is optional for businesses with annual revenues between SR187,500 and SR375,000.
Businesses that fail to register in time will face fines of up to SR 10,000 and the suspension of several critical government services, including issuing of work permits, changing business activity, issuing visas, transferring workers’ sponsorship and other services provided by the Ministry of Commerce and Industry, the Ministry of Labor and Social Development, the Ministry of Municipal and Rural Affairs, the Saudi Customs and the Saudi Arabian Monetary Agency.
GAZT underlined its readiness to answer any questions about VAT. The website vat.gov.sa features a guidance manual to help businesses prepare for VAT, including video tutorials, guidelines, information packs on all aspects of the registration and readiness process, as well as a wide range of tools and information.
GAZT confirmed that VAT will be introduced on Jan. 1, 2018, urging all eligible businesses to register before the deadline of Dec. 20.

Two types of VAT bills to be issued
The GAZT has also announced the VAT invoice form to be adopted with the introduction of the tax as part of improving tax compliance levels, Arqaam news website reported.
Two forms of bills will be approved, the GAZT said.
The first is a simplified tax invoice for the supply of goods or services with a total value of less than SR1,000 containing the date of issue, the name and address of the supplier and the tax identification number, the supplied goods or services, and the due payment for goods or services.
It also includes clarification of the tax payable or indicating that the consideration includes the tax in respect of the supply of goods or services, and a simplified tax invoice may not be issued in respect of inter-supply or export of goods.
The second model is for supplies above SR1,000. The invoices for these supplies will be more detailed, based on Article 53 of the executive regulation.
The regulation states that the tax invoice shall be in Arabic, in addition to any other language in which it may be issued.
The invoice should include the date of issue of the invoice, the serial number identifying and distinguishing the tax invoice, the supplier’s tax identification number, the customer’s tax identification number “if the customer is responsible for the calculation and statement of the tax on the supply” and the date on which the supply was signed.
It should also include the name and address of the supplier and the customer, the quantity and nature of the goods supplied, the scope and nature of the services provided, the amounts subject to tax according to the rate or exemption, the tax-exclusive unit price and any discounts or rebates if they are not included in the unit price and tax rate.

 
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Report: 64,000 Saudis joined labour market within two months

The Saudi Ministry of Labour said more than 64,000 Saudi men and women joined the labour market during the months of September and October, 2017.

The ministry said in a statement on Wednesday that the number of Saudis in the labour market amounted to 1.949 million Saudis by the end of October compared with 1.844 million in September.

According to the ministry, 33,000 Saudi women and 31,000 Saudi men joined the labour market during the aforementioned period.

The Kingdom aims through its National Transformation plan, the main component in its Vision 2030, to reduce the unemployment rate among its citizens to 9 per cent by 2020 and to 7 per cent by 2030 through.

Read: Saudi Arabia deficit reaches $32.4bn

Earlier this year, the Kingdom began a program to increase women involvement in several economic sectors.

The National Transformation Plan aims to provide 1.2 million jobs to Saudi citizens by 2020.

The Saudi measures and plans come as unemployment rate rises among Saudis to reach 12.8 per cent at the end of the second quarter of 2017 compared to 12.7 per cent in the previous quarter.

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