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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay (34904 Views)
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Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Abbeyme: 1:52pm On Oct 03, 2016 |
As part of austerity measure, Saudi Arabia on Sunday announced that it was adopting the Gregorian or Western calendar as a basis for paying civil servants. The kingdom had adopted the lunar Islamic calendar when it was founded in 1932. The new development brings the birthplace of Islam in line with many of its energy customers. The Islamic lunar calendar is actually 11 days shorter than the 365-day solar year, which will actually save the kingdom money by cutting salary days for many public servants. It is part of a larger series of cost-cutting measures recently imposed that includes cancelling some bonuses offered to state employees and hiking fees for entry visas for foreign visitors and residents. Millions of Muslims from around the globe visit Saudi Arabia annually as part of the hajj pilgrimage to Islam’s holiest sites. Saudi King Salman has also ordered a 20-percent cut in salaries for civil servants and a 15-percent reduction in financial perks for the kingdom’s advisory Shura council as part of far-reaching economic reforms. The world’s top oil exporter, Saudi Arabia has seen decreasing revenues since oil prices have been in decline since 2014 as OPEC nations maintain robust output amidst static demand. Source: https://www.thecable.ng/saudi-arabia-abandons-islamic-calendar-oil-crisis 9 Likes 1 Share
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Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Nobody: 1:56pm On Oct 03, 2016 |
Great decision 10 Likes 1 Share |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Ratello: 1:57pm On Oct 03, 2016 |
Interesting read from Saudi Arabia dem don dey tire small small 73 Likes 3 Shares |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by pedel: 1:58pm On Oct 03, 2016 |
'Change' everywhere. 15 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by dallyemmy: 2:02pm On Oct 03, 2016 |
Recession in oil exporting countries 10 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by biggerj(m): 2:04pm On Oct 03, 2016 |
some tyms i wonda if vene nd suadi could be afectd lyk dis den i tank God 4 my dear 9ja cos we re hardwokin. 16 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Abbeyme: 2:14pm On Oct 03, 2016 |
pedel: Change is now 'dole' 4 Likes 1 Share |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Abbeyme: 2:15pm On Oct 03, 2016 |
Lalasticlala, have you been to Saudi before? 4 Likes 1 Share |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by GoodMuyis(m): 2:39pm On Oct 03, 2016 |
This post deserved front page for education purpose. Mynd44, Lalasticlala, seun 3 Likes 1 Share |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Omeokachie: 3:10pm On Oct 03, 2016 |
Meanwhile back home Ogbeni Aregbesola is declaring public holiday for same. 56 Likes 1 Share |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by YerYer: 3:10pm On Oct 03, 2016 |
The kingdom has come to terms with the cold reality that they are no longer the undisputed leader of the oil cartel and the harsh fact that OPEC can no longer manipulate oil prices anymore. The US shale producers have mastered the craft of dealing with oil price shocks despite Saudi Arabia's attempts to flood the market with oil thereby reducing the price of oil and making it less profitable for American shale producers. Of course they are also doing all this to prepare for the Aramco IPO. I still believe they have the will to break off oil and diversify their economy. Hope Nigeria is taking cues as well. 34 Likes 2 Shares |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Clarinett(m): 3:10pm On Oct 03, 2016 |
So Saudi is feeling the heat with all their foreign reserves. Interesting. 6 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Jarus(m): 3:10pm On Oct 03, 2016 |
This just means 11 days prorated reduction in annual wage bill. Same pay a worker earned in 355 days (Islamic year) will now be earned in 365/366 days. Gain to government. 13 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by ajbabs(m): 3:10pm On Oct 03, 2016 |
They are tired already. Saudi Arabia may soon drop the ideas of their clothing system and adopt that of USA so as to minimise cost of getting clothes by their citizens. Also, they may start to grant non-muslims special permission to perform "hajj excercise in Mecca and Medina" as part of their moves for 21st century globalization programmes. When will they drop the name of Islamic republic (kingdom of Saudi Arabia) and become United States of Arabia? Nonsense. Economic, financial and scientific realities will reset all these useless religion fallacies all over the world with time. Nigerian securities should be on alert because some backward illiterates from north may be insinuating that it was America that forced "the Georgian calender" on Saudi Arabia as part of America moves to turn the Saudi Arabia to a christian state, which may result into violet protests. 90 Likes 8 Shares |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Abbeyme: 3:11pm On Oct 03, 2016 |
Omeokachie: Then, Mr Ogbeni must receive 'repentance' on this.. 7 Likes 2 Shares |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by ChappyChase: 3:11pm On Oct 03, 2016 |
hello |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Nobody: 3:11pm On Oct 03, 2016 |
As a basis of paying salary..oil price crash really hit OPEC members very hard... 1 Like |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by oshe11: 3:12pm On Oct 03, 2016 |
it looms |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by dfrost: 3:12pm On Oct 03, 2016 |
It's a welcome development since they need to be in line with the clients they are supplying. The calendar disparity affects lots of business. Good move by the Saudis. 2 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by bonechamberlain(m): 3:12pm On Oct 03, 2016 |
Smh, So Muslim Saudi now accepts a Christian calendar. Wonderful. These are people most sunni Muslims imitate, a country Muslims regard as their holy land, but you begin to wonder where some get all these their extremist ideologies especially those in northern Nigeria. I think Muslims deserve to know the real origin of Islam, not all these tales we hear. 41 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Nobody: 3:13pm On Oct 03, 2016 |
1 Like |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Olukokosir(m): 3:13pm On Oct 03, 2016 |
Ok |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Nobody: 3:13pm On Oct 03, 2016 |
Omeokachie:Wicked |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Godwinfriz(m): 3:13pm On Oct 03, 2016 |
This ...happened so saudi is affected am so proud of naija 2 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Abbeyme: 3:14pm On Oct 03, 2016 |
Hooooo.... Jarus: Ten days is 2 whole weeks, bro Thats a whole lot of commercial and economic duration.. 12 Likes |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by NovusHomo(m): 3:14pm On Oct 03, 2016 |
inme: Which one consine dem, na dem contry ni? 2 Likes 2 Shares |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by ebereokey(m): 3:15pm On Oct 03, 2016 |
Good job
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Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by Rilwayne001: 3:15pm On Oct 03, 2016 |
Mrpresident1 You see what I'm saying? |
Re: Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay by 4four(m): 3:15pm On Oct 03, 2016 |
f |
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