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Council of Economic and Development Affairs reviews local, global issues
Local and global advances and public agencies’ performance were in focus during a virtual meeting held by Saudi Arabia’s Council of Economic and Development Affairs.
Saudi private sector employment soars with over 1m new hires
More than 1 million employees joined Saudi Arabia’s private sector in 2023, marking an 11.5 percent increase compared to 2022, according to new data.
CSC nominates 1,270 for jobs
The Civil Service Commission (CSC) announced on Monday the nomination of 1,270 citizens for the new batch of candidates to work in government agencies registered with the commission and wishing to work in ministries and state institutions.
Court to rule on barring candidates March 20 and 21
The administrative court on Monday said it will issue its verdicts on decisions by the elections committee to bar some candidates from running in the April 4 elections on March 20 and 21. The elections committee has disqualified 14 candidates from contesting the snap polls, saying they do not fulfil all conditions to become candidates.
Saudi Arabia’s King Salman allocates $800m to social security recipients during Ramadan
Saudi Arabia’s King Salman has ordered the distribution of more than SR3 billion ($800 million) in Ramadan assistance to social security recipients, the Saudi Press Agency reported on Sunday.
UAE: Dh800 million 'endowment' tower on SZR to contribute towards providing food safety across globe
A tower worth Dh800 million in Dubai is expected to contribute towards endowment assets and achieve the highest returns to help provide a food safety net for tens of millions of people around the world.
Saudi Arabia’s new visa program part of efforts to boost education sector
Saudi Arabia has announced a new educational visa program to attract students and academics to the Kingdom to boost its research and educational sectors.
Gulf Bank launches second phase of environmental sustainability initiative
Following the specified timeline, Gulf Bank has launched the “A Step Towards Change” environmental sustainability initiative, aimed at shifting societal habits by promoting the use of reusable bags, in partnership with Al-Shamiya and Al-Shuwaikh cooperative society.
Saudi Arabia in prime position to become global leader in AI regulation, expert says
Saudi Arabia is well placed to become a global leader in the regulation of artificial intelligence by initiating the discussions that will help craft a consensus on how such rules should operate, an expert on the emerging technology said.
Saudi Arabia, Kenya discuss energy cooperation
Trade collaboration between Saudi Arabia and Kenya is poised to strengthen as energy ministers met in Riyadh to discuss various topics, including the “Empower Africa” initiative.
Bahrain hosts global assembly for sustainable digital growth
Global cooperation will be in focus as Bahrain hosts top officials from the member states of the Digital Cooperation Organization, addressing challenges in the sector for sustainable growth.
NBK warns customers of storing sensitive info on smartphones
As part of its consistent efforts to promote financial culture and awareness among all segments of society, National Bank of Kuwait (NBK) continues to advocate the “Let’s Be Aware” banking awareness campaign introduced by the Central Bank of Kuwait, in cooperation with Kuwait Banking Association (KBA).
UAE work visas: Some firms told to ensure diverse nationalities when hiring
Some companies in the UAE have been unable to procure work visas for potential employees of certain South Asian nationalities. When companies with an overwhelming number of employees from a particular nationality apply for new visas for people of the same nationality, a message from the authorities pops up, asking them to “achieve demographic diversity while hiring”.
Saudi Arabia reduces maximum limits for costs of recruiting domestic labor services from some countries
Saudi Arabia’s Ministry of Human Resources and Social Development announced the reduction of the upper ceiling for the costs of recruiting domestic labor services from a number of countries on Monday.
Expats eye new Premium Residency Program additions with optimism
Expatriates living and working in the Kingdom woke up on Wednesday to the pleasant news of the introduction of five new products to the premium residency program. The new initiative allows foreigners who are eligible to avail added benefits during the course of their stint in Saudi Arabia.
Future Minerals Forum 2024: Ministerial Roundtable begins in Riyadh
High-level ministers from more than 77 countries are gathering in Riyadh today to discuss challenges in the mining and metals sector.
Top NBK official shares experience during ‘TAMAKAN’ panel discussion
The inaugural session of the “TAMAKAN” training program was launched featuring executive management members from National Bank of Kuwait (NBK).
King Salman orders extension of Citizens Account Program
King Salman has ordered the extension of the Citizens Account Program and provision of extra support to its beneficiaries for a full year, the Saudi Press Agency reported on Monday.
Saudi Arabia and UN discuss strengthening collaborations to achieve global SDGs
Saudi Arabia discussed ways to enhance cooperation with the UN when it comes to dealing with global environmental challenges during a high-level meeting between officials.
King Salman chairs cabinet session discussing Saudi-Qatari relations
King Salman chaired on Tuesday over a council of ministers session in Riyadh that discussed Saudi-Qatari relations, the Saudi Press Agency reported.
Dubai's population grows by 100,000 in 2023
Dubai’s population has grown by over 100,000 year-to-date, according to Dubai Statistics Center data.
S&P: GCC countries have resources to soften climate risks
Physical risks from climate change are rising globally and GCC countries could become more vulnerable to their economic and financial effects over the next few decades if investments in adaptation and resilience stagnate, S&P Global Ratings said on Monday.
All types of visas to open soon
Interior Minister Sheikh Talal Al-Khaled Al-Sabah on Wednesday promised to open all types of visas for expats, especially dependent visas, following the approval of amendments to the residence law by the National Assembly next week, a lawmaker said.
​​Can COP28 grab the world’s attention?
RIYADH: Around 200 heads of state, and diplomats will gather in Dubai later this week for the COP28 climate summit. This occurs at a time when global attention is fixated on the Israel-Hamas war in Gaza.
Bahrain's iGA publishes foreign trade report of October 2023
MANAMA, The Information eGovernment Authority (iGA) of Bahrain has published its foreign trade report of October 2023, which encompasses data on trade balance, imports, exports of products with national origin, and re-exports, according to the Bahrain News Agency (BNA).
ADGM FSRA publishes Discussion Paper on IT Risk Management
ABU DHABI, The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a Discussion Paper on information technology (IT) risk management to engage with and seek feedback from industry stakeholders.
Kuwait urges Iran to cooperate with the IAEA
The State of Kuwait has called on Iran to pursue cooperation with the International Atomic Energy Agency (IAEA) and fully adhere to the Joint Comprehensive Plan of Action (JCPOA) set according to the United Nations Security Council Resolution 2231.
Careem to implement AI in secure manner in KSA
RIYADH: Careem is set to implement artificial intelligence technology in a secure manner to personalize user experience in Saudi Arabia, a top official told Arab News.
Adopting gamification needed to amplify cybersecurity awareness
RIYADH: Cybersecurity awareness can be amplified in organizations by adopting gamification techniques, which introduce game mechanics into a nongame environment to enhance the participation of employees.
Saudi Arabia’s inflation slightly eases to 1.6% in October
RIYADH: Saudi Arabia’s consumer price index fell to 1.6 percent in October from 1.7 percent in September, official data showed.
Saudi Arabia in its way to lead cybersecurity landscape
RIYADH: Saudi Arabia is making “leaps” across several global indices to position itself as a frontrunner in technology and cybersecurity on the global and regional level, a top Cisco official said.
Trend Micro and Alibaba Cloud launch service to boost cybersecurity effectiveness and risk mitigation
RIYADH: Cybersecurity effectiveness in Saudi Arabia is set to be enhanced thanks to an initiative launched by Trend Micro and Alibaba Cloud.
DP World Australia’s port operations hit by cyber attack
Global ports operator DP World Australia has restricted access to its ports as it works to contain a cyber security incident that is likely to disrupt the movement of goods for days.
Thales vows to hire more Saudis as it announces new regional CEO
French aerospace and defense firm Thales has appointed Bernard Roux as its new CEO for Saudi Arabia and Central Asia as the company vowed to increase its number of workers from the Kingdom.
New Saudi platform to promote cultural exchange
Saudi Arabia’s Ministry of Culture recently launched the Culture Hub online platform, offering a comprehensive database of the Saudi cultural sector, including assets, infrastructure, institutions, artifacts and achievements.
Property sales drop, 50,000 flats vacant amid expat layoffs
The value of real estate sales in Kuwait declined during the third quarter of 2023 to KD 800 million, the lowest levels recorded since the third quarter of 2020. This decline followed the government’s termination of contracts of 6,200 expatriates working in the government sector during the last fiscal year, as per recent official statistics issued by the Civil Service Commission.
Saudi minister of human resources: Kingdom’s role pivotal in supporting G20 approach to labor and employment
Saudi Minister of Human Resources and Social Development Ahmed bin Sulaiman Al-Rajhi has stressed the importance of the Kingdom’s role in the G20 in boosting multilateral cooperation to build strong global economies.
Kuwait appoints Fahd Al-Jarallah as finance minister - KUNA
Kuwait on Sunday appointed Fahd Abdulaziz al-Jarallah as finance minister, the state news agency said.
Kuwait Office for Charity Projects strengthens ties
Kuwait Office for Charity Projects in Cairo continued to strengthen the bilateral relations between Kuwait and Egypt over the course of 36 years in the fields of charitable and humanitarian work.
Saudi and Singaporean finance ministers discuss bilateral cooperation
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan met with his Singaporean counterpart Lawrence Wong, during a visit to Singapore, the Saudi Press Agency reported on Friday.
Saudi Arabia’s trade balance touches $30.12bn surplus in Q2
Saudi Arabia’s trade balance, representing the difference between the nation’s merchandise exports and imports, reached SR113 billion ($30.12 billion) in the second quarter of 2023, as per recently released government data.
EDB signs deal to finance SMEs
Emirates Development Bank (EDB) has inked a Memorandum of Understanding to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP).
Hiring in UAE: Jobs that pay over Dh30,000 starting salary among new vacancies in healthcare sector
Several new job opportunities are cropping up in the healthcare industry, thanks to new technologies, such as artificial intelligence, according to leading providers.
Saudi Arabia to host climate week in October: energy ministry
Saudi Arabia will host a major gathering to discuss what progress has been made in realizing the climate change objectives of the Paris Accord.
Business delegation promotes Saudi water, waste management sector during Germany roadshow
Several government and private agencies under the umbrella of Invest in Saudi Arabia recently concluded a tour to Germany, the Saudi Press Agency reported.
Dubai announces establishment of inheritance department for non-Muslim residents
The Dubai Courts has announced the establishment of its first inheritance department for non-Muslims residing in the emirates. This significant development allows non-Muslims to prepare and execute their wills according to their own laws. It provides a clear legislative framework and ensures the effective application of non-Muslims' wishes regarding inheritance matters.
Saudi Arabia funds $20m electricity project in Rwanda
RIYADH: Saudi Arabia is providing a soft loan of $20 million to fund an electricity project in Rwanda that would help boost the country’s social and economic development, the Saudi Press Agency reported on Tuesday.
Saudi Arabia deposits $2bn in Pakistani central bank
KARACHI: Saudi Arabia has deposited $2 billion in Pakistan’s central bank, Finance Minister Ishaq Dar announced on Tuesday, just a day before the International Monetary Fund's board is expected to give the final nod to the provision of $3 billion in bailout funds under a stand-by arrangement.
Holiday Inn brings its innovative Open Lobby to ME first time
Holiday Inn, one of IHG Hotels & Resorts’ most iconic brands, is bringing its new design hallmarks to the Middle East for the first time, at the newly opened Holiday Inn Riyadh in Saudi Arabia. The opening marks IHG’s expansion of its mainstream brand portfolio across the Kingdom of Saudi Arabia, in line with the demand created by initiatives under Saudi Vision 2030.
Crude eases ahead of China, US data, but OPEC+ cuts limits slide
RIYADH: Oil prices were little changed on Monday in choppy trading as demand woes after weak economic data from top consumers the US and China were offset by expected crude supply cuts from Saudi Arabia and Russia.
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