Selected

Saudi Arabia Turns to Gregorian Calendar to Shore Up Finances

Saudi Arabia on Sunday shifted to the Gregorian or Western calendar as a basis for paying civil servants as part of an austerity package.

Saudi Arabia, the birthplace of Islam, adopted the lunar Islamic calendar when the kingdom was founded in 1932. The Islamic year is around 11 days shorter than the Gregorian year.

The shift to the Gregorian year comes in response to a decision made by the Saudi government earlier this week as part of spending-cut measures, according to reports by Saudi Arabia’s Sabaq and the Deutsche Presse-Agentur (DPA), as covered by IRNA.

The government also cancelled some bonuses offered to state employees.

Saudi authorities on Sunday started enforcing increases in the fees for entry visas.

Millions of Muslims from across the world visit Saudi Arabia annually as part of a pilgrimage to Islam’s holiest sites there.

On Monday, Saudi King Salman ordered a 20-per-cent cut in the salaries of government ministers and a 15-per-cent reduction to financial rewards and allowances for members of the kingdom’s advisory Shura Council.

Saudi Arabia, the world’s top oil exporter, has felt the pinch of a steep fall in oil prices since 2014.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Muslim nations to discuss Palestine soon, Gaza in focus

The heads of the Muslim states and members of the Organization of Islamic Cooperation (OIC)…

8 hours ago

Iran says all crew members of seized Israel-owned ship released

Iranian Foreign Minister Hossein Amirabdollahian says all crew of an Israeli-owned Portuguese-flagged ship recently seized…

13 hours ago

Iranian universities rise up to support expelled pro-Palestinian students in US, Europe

Dozens of universities in Iran have offered free scholarships to the students who have been…

13 hours ago

4-year-old child found in Iran days after going missing             

A 4-year-old Iranian child has been found five days after going missing in the country's…

13 hours ago

Pro-Palestine students set up encampments at UK universities

Pro-Palestine students at campuses across the United Kingdom have set up encampments demanding that their…

1 day ago

Israel threatens to retaliate against Palestine if ICC issues arrest warrants: Report

Tel Aviv has threatened that it will retaliate against the Palestinian Authority (PA) if the…

1 day ago