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Saudi Unemployment Declines, Approaching Government Targets

The unemployment rate among Saudis, during Q2 of 2023, decreased to 8.3%, marking a notable decline from the 9.7% recorded in the corresponding period in 2022. This development aligns more closely with the ambitious target set by the Saudi government in its “Vision 2030” initiative, which seeks to achieve a 7% unemployment rate in the Kingdom.

Saudi arabiaFadel al buainainAsharq al awsatSaudi arabia human resources development fundDevelopment ministrySaudi shura councilSaudi human resourcesSocial development ministryHuman resources development fundShura council

Saudi Insurance Market Braces for Acquisition, Mergers

Saudi Arabia announced the establishment of the Insurance Authority (IA), reflecting a significant step forward in building a strong, vital, and stable insurance sector in the Kingdom. Health projects in the Kingdom are improving, as the sector expects 100 new projects in health services in partnership between the government and the private sector over the next five years, with an estimated capital investment opportunity at $13 billion.

Saudi arabiaFadel al buainainSaad al thaqfanWalaa cooperative insuranceSaudi shura councilInsurance authorityGulf union insuranceShura councilSaudi economic association

Saudi Arabia s Prosperity Shines Bright in G20 Sphere

Saudi Arabia holds significant importance within the G20 group due to its status as one of the world’s major economies. This prominence is primarily driven by its ambitious national transformation plan, Vision 2030, which is aimed at fostering the continued prosperity of its economy. Simultaneously, Saudi Arabia commands a formidable presence in the energy sector, exerting both direct and indirect influence on global energy markets.

Saudi arabiaFadel al buainainInternational monetary fundSaudi shura councilMiddle east

Saudi Arabia Takes Precautions to Continue to Contain Inflation

Saudi Arabia Takes Precautions to Continue to Contain Inflation
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Saudi arabiaAsharq al awsatFadel al buainainSaudi central bankFederal reserveSaudi shura councilShura council

Saudi Sustainability, Climate Initiatives Shine as Global Achievements in Expo 2030 Challenges

Saudi Sustainability, Climate Initiatives Shine as Global Achievements in Expo 2030 Challenges
aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.

Ar riyaSaudi arabiaFadel al buainainAsharq al awsatSaudi green initiativeSaudi shura councilGreen initiativeMiddle east green initiativeSaudi greenWorld expoSaudi shuraCrown prince mohammed