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Showing posts with label RIYADH. Show all posts
Showing posts with label RIYADH. Show all posts

Friday, December 23, 2016

OFW BANK IN RIYADH TO OPEN ON SEPTEMBER 2017

Good news to all OFWs in Saudi Arabia! The Postal Bank that will soon turn to be OFW Bank will open a branch in Riyadh, Saudi Arabia. The LandBank, a state-run bank in the Philippines, will acquire the Postal Bank, which would be 30% owned by the OFWs and has an authorized capital of P3 billion, according to Finance Secretary Carlos G. Dominguez III. LandBank President Alex Buenaventura said that there are 800,000 OFWs, 40% of  which are  residing in Riyadh and in that consideration , they will open a branch of the OFW Bank in the area. The Riyadh branch will initially offer financial education and investment counseling services to OFWs, according to Dominguez. The creation of the Bank for the OFWs is one of the promises of President Rodrigo Duterte  to the OFWs and their families that has been fulfilled. Another proof of the sincerity and concern of the new President towards the "modern heroes". Dominguez said that the acquisition of the Postal Bank will be completed at the 3rd Quarter of 2017 and that the LandBank has sufficient resources to make it happen.      LandBank will seek clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC) for the acquisition process to complete.  The government bank also needs approval from the Monetary Board, Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP) for the OFW bank to be operational by Sept. 1, 2017.  Source: Saudi Gazette ©2016 THOUGHTSKOTO


Good news to all OFWs in Saudi Arabia!
The Postal Bank that will soon turn to be OFW Bank will open a branch in Riyadh, Saudi Arabia.
The LandBank, a state-run bank in the Philippines, will acquire the Postal Bank, which would be 30% owned by the OFWs and has an authorized capital of P3 billion, according to Finance Secretary Carlos G. Dominguez III.
LandBank President Alex Buenaventura said that there are 800,000 OFWs, 40% of  which are  residing in Riyadh and in that consideration , they will open a branch of the OFW Bank in the area.
The Riyadh branch will initially offer financial education and investment counseling services to OFWs, according to Dominguez.
The creation of the Bank for the OFWs is one of the promises of President Rodrigo Duterte  to the OFWs and their families that has been fulfilled. Another proof of the sincerity and concern of the new President towards the "modern heroes".
Dominguez said that the acquisition of the Postal Bank will be completed at the 3rd Quarter of 2017 and that the LandBank has sufficient resources to make it happen.
Good news to all OFWs in Saudi Arabia! The Postal Bank that will soon turn to be OFW Bank will open a branch in Riyadh, Saudi Arabia. The LandBank, a state-run bank in the Philippines, will acquire the Postal Bank, which would be 30% owned by the OFWs and has an authorized capital of P3 billion, according to Finance Secretary Carlos G. Dominguez III. LandBank President Alex Buenaventura said that there are 800,000 OFWs, 40% of  which are  residing in Riyadh and in that consideration , they will open a branch of the OFW Bank in the area. The Riyadh branch will initially offer financial education and investment counseling services to OFWs, according to Dominguez. The creation of the Bank for the OFWs is one of the promises of President Rodrigo Duterte  to the OFWs and their families that has been fulfilled. Another proof of the sincerity and concern of the new President towards the "modern heroes". Dominguez said that the acquisition of the Postal Bank will be completed at the 3rd Quarter of 2017 and that the LandBank has sufficient resources to make it happen.      LandBank will seek clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC) for the acquisition process to complete.  The government bank also needs approval from the Monetary Board, Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP) for the OFW bank to be operational by Sept. 1, 2017.  Source: Saudi Gazette ©2016 THOUGHTSKOTO




 LandBank will seek clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC) for the acquisition process to complete.

The government bank also needs approval from the Monetary Board, Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP) for the OFW bank to be operational by Sept. 1, 2017.

©2016 THOUGHTSKOTO

Friday, December 02, 2016

VIDEO:HEAVY RAINS TURNED RIYADH DESERT TO A "SEA"

  Heavy rains hit Saudi Arabia leaving some parts of the kingdom flooded.     The heavy rains accompanied by hailstorm hit  some parts of Saudi Arabia. Earlier last week, the General Authority of Meteorology and Environmental Protection  has   issued an alert about heavy rainfall and thunder. The Civil Defense Directorate  also advised the people, citizen and expats, to take caution due to the coming rainfall.    In this video posted by Ayman Mat Facebook page, an arab man is struggling to enter his car  engulfed by flood.     At least 18 people died and several got injured due to flood in different parts of the Kingdom of Saudi Arabia, Aaj News reported.  According to sources, heavy rain and flood hit different cities along with capital of Kingdom which resulted in loss of 18 precious lives. The flood has affected daily life and it damaged several homes as well. Sources further reported that the concerned authorities has instructed students to stay at homes due to state of emergency in the country.        The desert, north of the Saudi capital, Riyadh, seem to turn into a small sea. The stunning site has been captured on a viral YouTube video aerial shot.  The video was produced by Mohammad Al-Taweel, you can clearly see the flood waters stretching out for miles. The sight is resembling the view of King Fahad bridge that runs through the Arabian Gulf.     In 2009, South Jeddah neighborhood of Quwaiza was hit by flood leaving at least 120 people dead.  ©2016 THOUGHTSKOTO

Heavy rains hit Saudi Arabia leaving some parts of the kingdom flooded.


The heavy rains accompanied by hailstorm hit  some parts of Saudi Arabia.
Earlier last week, the General Authority of Meteorology and Environmental Protection  has   issued an alert about heavy rainfall and thunder. The Civil Defense Directorate  also advised the people, citizen and expats, to take caution due to the coming rainfall.

In this video posted by Ayman Mat Facebook page, an arab man is struggling to enter his car  engulfed by flood. 




At least 18 people died and several got injured due to flood in different parts of the Kingdom of Saudi Arabia, Aaj News reported. 
According to sources, heavy rain and flood hit different cities along with capital of Kingdom which resulted in loss of 18 precious lives. The flood has affected daily life and it damaged several homes as well.
Sources further reported that the concerned authorities has instructed students to stay at homes due to state of emergency in the country.






 The desert, north of the Saudi capital, Riyadh, seem to turn into a small sea. The stunning site has been captured on a viral YouTube video aerial shot.

The video was produced by Mohammad Al-Taweel, you can clearly see the flood waters stretching out for miles. The sight is resembling the view of King Fahad bridge that runs through the Arabian Gulf.



In 2009, South Jeddah neighborhood of Quwaiza was hit by flood leaving at least 120 people dead.



©2016 THOUGHTSKOTO

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