Connect with us

Now

More Saudi Women Are Getting Employed

Published

on

women

New data shows unemployment rate in Saudi Arabia remained unchanged at 12.9% in the second quarter of 2018, as unemployment remains at 13% in the Kingdom.

It said the labour force participation rate rose among females, rising from 17.4 percent in Q2 2017 to 19.6 percent at the end of this June, indicating more enthusiasm among females to join the workforce. Jadwa Investments said that with increasing number of females joining the labour market, the female labour force participation rate rose, but the number of unemployed females is still higher than unemployed males.

On the same line, the Minister of Labour has recently stated that the unemployment target is 10.5 percent by 2022.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Now

The Kingdom Ranked Among ’10 Global Business Climate Improvers’

Published

on

By

The Kingdom has been ranked among other countries in this year’s top 10 global business climate improvers, according to the World Bank Group’s Doing Business 2020 study

Saudi Arabia has succeeded in landing a spot thanks to the several reforms that have been implemented in eight Doing Business areas, the country has been ranked the 62nd globally with an overall score of 71.6 out of 100, it has successfully climbed 30 places.

“Saudi Arabia’s impressive reforms in doing business this year show its commitment to fulfilling a main pillar of its National Vision 2030: A thriving economy,” said Issam Abousleiman, World Bank regional director of the Gulf Cooperation Council (GCC).

“Easing the business climate for local entrepreneurs to thrive as well as foreign investors to work in the Kingdom shows a forward path to creating more jobs for Saudi youth and women, and creating sustainable, inclusive growth.” He added.

Saudi Arabia has indeed thrived this year in the field of starting a business, it now only costs 5.4% of income per capital for an entrepreneur to start their own business, which is lower than the cost in other North African and Middle Eastern countries.

 

 

Continue Reading

Now

Princess Reema bint Bandar Meets With US Treasury Chief Steven Mnuchin

Published

on

By

Saudi ambassador Princess Reema bint Bandar met earlier with US Treasury Secretary Steven Mnuchin where the two of them got to discuss opportunities to further enhance the relationship between the two countries.

The Saudi Arabian embassy in the US said in a tweet that the two senior officials explored “ways to strengthen Saudi Arabia’s close partnership with the United States on countering the financing of terrorism, as well as US support for the Kingdom’s economic reforms.”

Princess Reema assumed her new office earlier this month, and has since met with the political figures of the US in the attempt of strengthening the relationship between the two countries.

She presented her credentials in the presence of US President Donald Trump as the Kingdom’s top diplomat in Washington.

 

Continue Reading

Now

Princess Reema Bint Bandar Meets Donald Trump At The White House

Published

on

By

Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has met with President Donald Trump to present her credentials as the Kingdom’s top diplomat in Washington.

“HRH stated that the Saudi-U.S. partnership is essential to the interests of both countries and expressed confidence that the two countries are capable of overcoming any challenges at the regional or global levels,” the embassy said.

The 44-year-old diplomat expressed her enthusiasm on social media, writing, “Looking forward to starting this chapter of my life in Washington DC.”

“Presented credentials today at the White House,” she wrote on Twitter. “Conveyed the well wishes of Kingdom’s Leadership. Looking forward to working on strengthening and solidifying the historic Saudi – U.S partnership.”

Princess Reema Bint Bandar became the 11th Saudi diplomatic representing the Kingdom to Washington since 1945, marking an opening for more women to participate and take roles in government positions.

 

Continue Reading

Trending

X
%d bloggers like this: