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Nitaqat Effort Suffers Setback: 2015 was the ’Slowest Annual Increase on Record for Saudi Net Employment’ as Most New Jobs Still Going to Non-Saudis
A recently released Jadwa Investment report on Saudi Arabia’s labor market found little headway being made in Saudi Arabia’s goal of increasing employment of Saudis. According to Jadwa Investment, although Saudi Arabia’s unemployment rate fell slightly from 11.7 percent in 2014 to 11.5 percent in 2015, “of these positions, 368 thousand (or 88 percent) […]
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Saudi Central Bank Announces an ‘Affordable Mortgage’ Program Intended to Boost Housing Sector
Saudi Arabia’s central bank said in a statement it plans to launch an “affordable mortgage” program to finance residential real estate purchases by Saudi citizens, according to reports. Home buyers would be responsible for a down payment of 15 percent of the property’s value, and commercial banks would supply a further 70 percent. An additional […]
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‘Saudi Student Boom’ for U.S. Colleges and Universities may be Slowing as Scholarship Program Evolves
A number of reports have indicated that the popular King Abdullah Scholarship Program (KASP) that has placed hundreds of thousands of Saudi students at academic institutions all over the world is being reviewed and can anticipate significant changes with regard to the program’s size and scope. In 2014 over 207,000 Saudi students and dependents were […]
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State Department Approves $200m Services Contract Request from Saudi Arabia which will ‘Increase U.S. – Saudi Arabia Military Interoperability’
The State Department has approved a request for continued support services to Saudi Arabia at an estimated cost of $200 million. According to a release from the Defense Security Cooperation Agency (DSCA), the sale “will enhance the foreign policy and national security objectives of the United States by helping to improve the security of an […]
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Saudi Arabia’s War in Yemen Could Put Pressure on Future European Arms Deals
On February 25th, European Union lawmakers are gearing up for a vote on whether to call for an embargo on weapons sales to Saudi Arabia, according to a report in the Canada-based Globe and Mail. Concern in Europe is mounting over Saudi Arabia’s war in Yemen, and the use of European military equipment sold to […]
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Popular King Abdullah Scholarship Program Reported to have New Restrictions along with Reduced Budget
Saudi Arabia’s King Abdullah Scholarship Program (KASP) has reportedly been narrowed to include only top universities and programs, months after the program was expanded to include all students and their families. Founded in 2005 and one of the late King Abdullah’s legacy programs, the scholarship fund covers full tuition, medical insurance, a monthly stipend for living expenses, and […]
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Little Upside in Latest Jadwa Saudi Chartbook
Riyadh-based Jadwa Investment’s latest monthly chartbook overviewing the Saudi economy contains mostly negative economic data on consumer spending, activity, government accounts, and inflation. Economic data for the month of December 2015 indicates a slowdown in activity, and data on consumer spending continued to point to a softening trend, while PMI fell to a record low, […]
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With affordable housing in short supply, new JV set to provide mortgage loans to low and middle-income Saudis
A new joint venture between Saudi Arabia’s Ministry of Finance (MoF) and the Islamic Corporation for the Development of the Private Sector (ICD) has received approval to provide loans to low and middle-income Saudis, in what could be a much-needed boost for access to mortgages in the Kingdom. Bidayaa Home Finance was launched to provide […]
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U.S. Chamber of Commerce and Council of Saudi Chambers Kick-off U.S.-Saudi Arabia CEO Summit
On January 24, 2016 at the Council of Saudi Chambers of Commerce building the U.S.-Saudi CEO Summit kicks off a focused, high-level private-sector initiative to assess the U.S.-Saudi commercial and business environment in order to enhance bi-lateral trade, investment and cooperation. The Saudi-US Trade Group team is in Riyadh to participate in the inaugural U.S.-Saudi […]
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FM Al-Jubeir: Most Effective Way to Solve Regional Crises ‘Through our close partnership and alliance with the United States of America’
U.S. Secretary of State John Kerry on Thursday stood by ally Saudi Arabia in its widening rift with Iran over the execution of a Shiite cleric while urging the regional rivals to pursue a diplomatic solution, the Associated Press reports. Kerry said Washington stands by its friends, “but we also want to see diplomacy work. […]
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Saudi Fund Said to Eye Boeing, Airbus Jets for New Cargo Airline
The cargo-hauling operation would serve flag-carrier Saudia and startup Riyadh Air, according to people familiar with the matter, who asked not to be identified as the talks are private. The Public Investment Fund is in discussions with both planemakers and lessors to acquire Boeing 777 and Airbus A350 freighters, the people said. The talks are at an early stage. No final decisions have been made and the fund may ultimately decide to delay or scrap the plans.
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RDIA launches national initiative to strengthen Saudi Arabia’s semiconductor sector
The eight-month training, which will run from September 29 to May 29, targets individuals with bachelor’s degrees in electrical and computer engineering or related fields. Participants will be poised to join companies within the National Semiconductor Hub, directly contributing to the advancement of Saudi Arabia’s semiconductor industry.
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How prepared is Saudi Arabia to handle mpox?
An international outbreak of a milder variant of mpox occurred between July 2022 and May 2023. The first cluster of cases was reported in the UK, followed soon after by more in other parts of the world, including Europe and North America. It was the first time that a transmission chain had been reported outside of Africa without any known epidemiological links to West or Central Africa. In all, 87,000 cases were reported in 111 countries, and 140 people died.
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Tawakkalna tops government platforms in digital experience maturity index
Tawakkalna app, affiliated with the Saudi Data and Artificial Intelligence Authority (SDAIA), topped the government platforms in the Digital Experience Maturity Index for 2024 in Saudi Arabia, with a rate of 91.29%. This is among 39 digital platforms that were evaluated according to 4 main perspectives, under which 20 axes were included: measuring beneficiary satisfaction through the participation of more than 175,000 beneficiaries in evaluating their satisfaction with their digital experience and dealing with their complaints and evaluating the digital technologies and tools that enable these platforms.
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Rare blue supermoon to light up Saudi Arabia’s skies
The first supermoon of 2024 is set to light up the night skies of Saudi Arabia on Monday night, a rare event during which the moon is closer to Earth and thus appears larger and brighter than usual.
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Saudi Arabia’s premier auction event brings together global falcon breeders to Riyadh
The event, running through August 24th, features 35 breeding farms representing more than 16 countries. Its significance is underscored by impressive sales figures, including a record-breaking falcon sold for 1.75 million Saudi Riyals in 2021. The auction has generated more than 18 million Riyals in total sales since its launch.
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Blinken warns Israel, Hamas of last chance to end Gaza war
U.S. Secretary of State Antony Blinken warned on Monday that the latest push for a Gaza ceasefire and hostage release deal was probably the best and possibly last opportunity, urging Israel and Hamas towards an elusive agreement. However, with Palestinian Islamist group Hamas announcing a resumption of suicide bombing inside Israel after many years, and with Israeli airstrikes still pounding Gaza, there was little sign of conciliation.
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Gaza Reduced to 42 Million Tonnes of Rubble. What Will It Take to Rebuild?
Since then, more than 70% of Gaza’s housing, already depleted in previous conflicts, has been reported as damaged, along with schools, hospitals and businesses. Most of its 2.2 million people are displaced, crammed into a tiny slice of land along the Mediterranean coast, largely cut off from fresh water and food, as well as medicine and basic sanitation, aid agencies say.
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Saudi Arabia FIFA World Cup™ 2034 Bid. One of the fastest and most exciting growth stories in world football
In 2034, Saudi Arabia hopes to become the first single country to host a 48-team FIFA World Cup™. Almost two-thirds of Saudis who live in the Kingdom are under 30 years old. Football is one of the most powerful examples of the country's rapid transformation, with tens of thousands of young boys, girls, men and women taking up the sport.
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Over 6 million students in Saudi Arabia return to school on Sunday
More than 30,000 public, private, international, and foreign schools across the Kingdom have welcomed nearly 500,000 teachers in preparation for the new school year. The return to school coincides with the start of the second-round exams for students who did not pass certain subjects in the first round, as well as the distribution of new textbooks to students.
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