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  • Can Lucid jump-start the electric vehicle industry in Saudi Arabia?

    Though fewer than 1% of cars on the road are electric, the kingdom is setting an ambitious target for 2030 of 30% as it tries to shift the economy from oil

  • Saudi Arabia’s unemployment rate drops further to 4.9% in second quarter

    The unemployment rate for Saudi women again fell sharply to 15.7 per cent, from 19.3 per cent a year ago, while for men it fell marginally to 4.6 per cent, from 4.7 per cent a year earlier. Compared to the first quarter, the unemployment rate for women was down from 16.1 per cent, while it remained steady for men. The increasing participation of women in Saudi Arabia's workforce is expected to boost the country’s economy by $39 billion, or 3.5 per cent, by 2032, if the current rate of growth continues, S&P Global Ratings said last week.

  • Saudi Arabia’s unemployment rate drops further to 4.9% in second quarter

    Saudi Arabia's unemployment rate dropped on an annual basis in the second quarter of this year, continuing a trend of increased labour participation, especially from women, government data has shown. The overall unemployment rate, which counts Saudi citizens and expats, decreased to 4.9 per cent in the three months ended in June, from 5.8 per cent during the same period in 2022, the General Authority for Statistics (Gastat) said in its quarterly report on Thursday. That is also a drop from the 5.1 per cent rate recorded in the first quarter of 2023. For citizens, the rate stood at 8.3 per cent in the second quarter, a decrease from 9.7 per cent year-on-year.

  • Saudi Arabia May Start Unwinding Its Production Cuts Sooner Than Expected

    “They do not want to deliberately over-tighten the market, because if you get a spike, then you get a demand collapse, and you get a bust,” McNally told Bloomberg Television in an interview on Thursday. “The real sensible way to bring prices to heel is for Saudi Arabia and OPEC+ to say: ‘We’ve made our point, we’ve scared away the speculative shorts’,” the energy expert added. Last week, Warren Patterson, Head of Commodities Strategy at ING, said that even though the oil price rally had “more room to run,” a break above $100 per barrel for Brent wouldn’t be sustainable.

  • IFPI launches four new music charts in Egypt, Saudi Arabia, UAE, and North Africa

    IFPI, representing the recording industry worldwide, has today announced the launch of four new charts, giving music fans, record labels and artists an official ranking on the top streaming tracks in countries across the Middle East and North Africa (MENA) region. In addition to the Official MENA regional chart, the four new charts will be – the Official Egypt Chart, Official Saudi Arabia Chart, Official UAE Chart, and Official North Africa Chart (which covers Algeria, Morocco and Tunisia).  In each country it is the first time ever that official rankings are being made available.

  • IFPI launches four new music charts in Egypt, Saudi Arabia, UAE, and North Africa

    IFPI, representing the recording industry worldwide, has today announced the launch of four new charts, giving music fans, record labels and artists an official ranking on the top streaming tracks in countries across the Middle East and North Africa (MENA) region. In addition to the Official MENA regional chart, the four new charts will be – the Official Egypt Chart, Official Saudi Arabia Chart, Official UAE Chart, and Official North Africa Chart (which covers Algeria, Morocco and Tunisia).  In each country it is the first time ever that official rankings are being made available.

  • We can’t get over the batsh*t Saudi Pro League top scorers chart: Ronaldo, Mitrovic…

    The Saudi Pro League made some huge investments over the summer and we just can’t get over the crazy top scorers chart which features former Manchester United, Liverpool and Barcelona stars. Saudi Arabian clubs spent over £700million in the summer and they’ve handed out some ridiculously lucrative contracts in the process to tempt the best stars in Europe to join their project. We’ve taken a closer look into the current top 10 scorers in the Saudi Pro League and we can’t get over some of the names that make it in.

  • We can’t get over the batsh*t Saudi Pro League top scorers chart: Ronaldo, Mitrovic…

    The Saudi Pro League made some huge investments over the summer and we just can’t get over the crazy top scorers chart which features former Manchester United, Liverpool and Barcelona stars. Saudi Arabian clubs spent over £700million in the summer and they’ve handed out some ridiculously lucrative contracts in the process to tempt the best stars in Europe to join their project. We’ve taken a closer look into the current top 10 scorers in the Saudi Pro League and we can’t get over some of the names that make it in.

  • Chart: Trade Data Shows Ukraine War Consolidated Political Blocs

    Taking January 2022 as a starting point for an index calculation, the World Trade Report 2023 reveals that global trade between geopolitical blocs, for example between Western bloc countries in the Americas and Europe and Eastern bloc countries like China, Russia and Saudi Arabia, has decreased by more than 10 percent between the start and the end of last year alone. Trade within blocs stood at almost 109 index points around the time of the invasion in late February of 2022 and was down again to 100 points as of December.

  • World’s tallest skyscraper restarts construction in Saudi Arabia

    Jeddah Tower will hold a Four Seasons hotel, residences, offices as well as the world's highest observation deck on a constructed building. The first images of the prospective tower were released in 2011, and ground was broken in 2013, but the project has been harried by constant starts and stops.