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Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay - Foreign Affairs - Nairaland n2y3v

Saudi Arabia Drops Islamic Calendar Over Oil Crisis - Adopts Gregorian, Cuts Pay (35998 Views)

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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

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

Ratello: 1:57pm On Oct 03, 2016
Interesting read from Saudi Arabia cheesy dem don dey tire small small

73 Likes 3 Shares

pedel: 1:58pm On Oct 03, 2016
'Change' everywhere.

15 Likes

dallyemmy: 2:02pm On Oct 03, 2016
Recession in oil exporting countries

10 Likes

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

Abbeyme: 2:14pm On Oct 03, 2016
pedel:
'Change' everywhere.

Change is now 'dole'

4 Likes 1 Share

Abbeyme: 2:15pm On Oct 03, 2016
Lalasticlala, have you been to Saudi before?

4 Likes 1 Share

GoodMuyis(m): 2:39pm On Oct 03, 2016
This post deserved front page for education purpose.
Mynd44, Lalasticlala, seun

3 Likes 1 Share

Omeokachie: 3:10pm On Oct 03, 2016
Meanwhile back home Ogbeni Aregbesola is declaring public holiday for same.

56 Likes 1 Share

YerYer: 3:10pm On Oct 03, 2016
The kingdom has come to 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

Clarinett(m): 3:10pm On Oct 03, 2016
So Saudi is feeling the heat with all their foreign reserves.

Interesting.

6 Likes

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

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

Abbeyme: 3:11pm On Oct 03, 2016
Omeokachie:
Meanwhile back home Ogbeni Aregbesola is declaring public holiday for same.

Then, Mr Ogbeni must receive 'repentance' on this..

7 Likes 2 Shares

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 very hard...

1 Like

oshe11: 3:12pm On Oct 03, 2016
it looms
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

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
grin

1 Like

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:
Meanwhile back home Ogbeni Aregbesola is declaring public holiday for same.
Wicked grin
Godwinfriz(m): 3:13pm On Oct 03, 2016
This ...happened so saudi is affected am so proud of naija

2 Likes

Abbeyme: 3:14pm On Oct 03, 2016
Hooooo....


Jarus:
this just means 10 days gain

Ten days is 2 whole weeks, bro

Thats a whole lot of commercial and economic duration.. shocked

12 Likes

NovusHomo(m): 3:14pm On Oct 03, 2016
inme:
I trust those morons from North to start protesting against this decision in few days grin cheesy cheesy


Which one consine dem, na dem contry ni? grin

2 Likes 2 Shares

ebereokey(m): 3:15pm On Oct 03, 2016
Good job

Rilwayne001: 3:15pm On Oct 03, 2016
Mrpresident1

You see what I'm saying?
4four(m): 3:15pm On Oct 03, 2016
f

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