Saudi Arabia – The impact of falling oil prices on Saudi arabia’s economy is forcing the country to continue its search for new sources of funding, as the Saudi Arabias General Directorate of Passports confirmed that an immediate fine of 500 riyals ($ 134), and reaches to one thousand riyals ($ 267) if it is delayed for the second time, to renew the residence permit, three days after its expiry. The directorate said: The resident causes the imposition of new fees on his budget, if the rest of the fees may accumulate on him and prevent him from renewing his residence”. Saudi Arabia, the worlds largest crude exporter, has about 12 million expatriates, work in the private sector. Experts estimate that this figure would fall by half if global oil prices continue to decline, as well as the impact of unfair fees on foreign workers.
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