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Riyadh Boosts Labor Market by Establishing 7 Labor Courts

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Riyadh Boosts Labor Market by Establishing 7 Labor Courts

The Supreme Council of Magistracy of Saudi Arabia approved on Tuesday the establishment of a number of labor courts and labor departments at appeals and a general courts

This step aims at achieving more safety, raising the attractiveness of the Saudi labor market and fostering justice in the business sector. The overall number of courts will be 96.

They will be set up in Riyadh, Mecca, Medina, Buraydah, Dammam, Jeddah and Abha.

Twenty-seven labor departments will be established at 21 general courts in various cities and provinces in the Kingdom. In addition, nine labor departments will be established at six appeals courts.

Council spokesman and Secretary General Salman Nashwan said that designating these departments was based on statistics revealed by the Saudi Ministry of Labor in resolving labor disputes in recent years.

Legal consultant and lawyer Ahmed Mahameed told Asharq Al-Awsat that inaugurating the labor courts is a transitional leap in the specialized judiciary and it provides a safe environment to support saudization and recruitment in the private sector.

It offers an organized judicial environment for business owners, he added.

The specialized labor judiciary has a supervisory role in activating labor systems and ensuring the rights of all labor contract parties.

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Russia’s Inflation Reaches 9.5% This Year, Weekly Data Shows

Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
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Russia’s Inflation Reaches 9.5% This Year, Weekly Data Shows

Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)
Pedestrians walk to an underground passage at Manezhnaya Square decorated for Christmas and the New Year festivities with the Historical Museum and the Kremlin Wall in the background in Moscow, Russia, Monday, Dec. 23, 2024. (AP)

Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.

This data follows the central bank's unexpected decision last week to maintain its key interest rate at 21%. The regulator said recent tightening has created conditions conducive to reducing inflation towards its target of 4%.

The agency indicated that seasonally volatile prices for fruit and vegetables contributed significantly to the overall increase, with cucumber prices rising by 8.3% and tomato prices by 1.9% in just one week.

Among less seasonally sensitive foods, the price of eggs increased by 1.7%, and frozen fish by 1.4%. The central bank had initially estimated this year's inflation at a maximum of 8.5%.

The central bank's monetary policy department's head Andrei Gangan told the Interfax news agency on Dec. 24 that full-year inflation will be between 9.6% and 9.8%.

Inflationary expectations among households for the coming year also reached 13.9% in December, the highest level since the beginning of the year.

In a report on its inflationary expectations survey, the central bank said respondents were most concerned about rising prices for milk, dairy products, eggs, meat, and fish.

It also said respondents have begun to notice increases in the prices of home appliances and electronic devices.