Job Discussion Forums

[hsm]

http://www.aljazeera.com/news/2015/12/saudi-arabia-hikes-petrol-prices-40-pump-151228154350415.html

Will the "tax free salary" be a phrase from the past too?

Saudi EFL/ESL market won't be the same!

[veiledsentiments]

It hasn't been "the same" for a very long time... if ever.

VS

[scot47]

It peaked around 1978 and has been going downhill as a place to work and earn since about then. I was there before The Golden Age and then came back after it.

[In the heat of the moment]

Nitpick: 0.90 riyals ($0.24) per litre up from 0.60 riyals per litre is a 50% increase.

I expect subsidies to be reduced on all essentials such as water and natural gas, and taxes added to other products such as cigarettes and 'luxury', imported foods and goods.

The other alternative to an increasing deficit is to devalue the Riyal, which would be very difficult for all employees and companies which are paid in Riyals and pay for goods in dollars/pounds/euros etc.

[hsm]

What's disturbing about current increase is that it's just the initial phase of subsequent increases unless oil prices become $ 100 per barrel or more again.

Otherwise, many desperate individuals will be new blood joining ISIS just across the boarders!

[2buckets]

I, (and other "old timers" I'm sure) think we are going to see what I have long hoped to see. The fall of Saudi Arabia to a level where these spoiled, ungrateful wretches may have to do an honest days work to survive, But what are they capable of doing other than operating 3 cell phones at once.

And, where are all those people who ranted about "peak oil"? There's still a lot more out there that hasn't even been discovered.

"We'll see oil at $20.00 a barrel before we'll see it at $100.00, so forget about wind and solar for a while", said the oil company executive.

The Saudis will discover that learning English may be an unnecessary luxury that is no longer affordable, though it's cost is insignificant compared to military spending. The conflict in Yemen is truly a disaster and has just boosted Iran's presence and influence, the opposite of what was intended. Too bad the Saudis weren't smart enough to know that even though they "invested" billions in "defense", their military is useless. Then the returning dead, (most of whom are darker complected), are referred to as our "martyrs". So sad.

It used to be said that "the laws of physics don't apply in the kingdom". No longer the case.

This from someone who actually enjoyed his time in the magical kingdom of yore.

Time to start looking at a career change or lining up for that East Asian work visa.

[plumpy nut]

http://news.yahoo.com/stung-low-oil-prices-saudi-makes-unprecedented-cuts-002732393.html

They're raising prices on fuel, electricity, water, plane tickets, and cigarettes. With money in short supply, I would expect the Saudis to essentially screw over teachers in the future even more than they do at present. No replies after spending thousands on visas, quick laying offs after losing entire contracts.

[sicklyman]

Still paltry compared to the UK.

Causeway prices are going up in January too. It's all a sign of the times.

[bertonneau]

I just saw the 2016 budget deficit and its 340 billion. At the end of 2015 the currency reserves will be just over 600 billion. That gives the Kingdom about two years before they are in full scale debt with no serious alternative export markets.

Given how spoiled and entitled these people are I think a full scale civil war isn't out of the question when all the hand outs come to an end. There's no loyalty here. It's simply, where''s my next handout coming from? When that ends f