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  • Saudi jobs: Private sector salaries increase by 45% in 5 years, says report

    According to the report, 202,700 individuals are now bringing home salaries exceeding SAR20,000 ($5,332) monthly, denoting a 139% surge since 2018

  • NEOM and Microsoft’s GSIC launch innovative sports program   

    Saudi giga-project NEOM has joined forces with Microsoft to launch a new program, with its sights set on using the power of artificial intelligence to revolutionize the Kingdom’s traditional sports sector. The management of the $500 billion-city has officially unveiled the “NEOM Sports Open Innovation Program” aimed at transforming conventional sports through cutting-edge technologies, with a specific emphasis on artificial intelligence and adventure sports. This program has been launched in collaboration with the Global Sports Innovation Center, leveraging the capabilities of Microsoft.

  • Saudi jobs: Private sector employees to receive increased minimum wage

    Saudi Arabia has announced a significant change to the compensation parameters for certain private sector employees. The Human Resources Development Fund (HADAF) has mandated a minimum wage increase to $1,066 (SAR 4,000) $1,066 for Saudi citizens employed in the private sector. Effective Tuesday, September 5, the modified wage policy, facilitated through HADAF subsidies, represents an increase from the current $853 (SAR 3,200) minimum salary for qualifying individuals.

  • Egypt buys nearly half a million tons of Russian wheat in private deal

    Egypt's state grains buyer bought about a half a million metric tons of Russian wheat in a private deal, four traders told Reuters, succeeding in negotiating lower prices than those offered in the more traditional tenders. One of the world's biggest importers of wheat, Egypt last year started shifting towards direct purchases instead of tenders after the war in Ukraine disrupted its buying. The General Authority for Supply Commodities (GASC) bought about 480,000 metric tons of Russian wheat from trading firm Solaris on Friday, at a price of about $270 a ton on a cost and freight basis (C&F), the traders said.

  • MSC Elevates Cargo and Logistics Operations in Saudi Arabia

    From September, MSC will expand its regional port range to include the Port of NEOM. As well as offering ocean freight services, customers will be able to benefit from inland transport solutions provided by MSC’s logistics arm, MEDLOG. This inclusion of NEOM as an additional regional port reinforces MSC’s commitment to enhance cargo movement across Saudi Arabia and supports the Kingdom’s vision to transform the country into a knowledge-based economy and a global leader by 2030.

  • Saudi Arabian Private Boeing 747 Flies Neymar From Europe

    Neymar Jr.'s private flight from Europe to the Middle East on a Boeing 747 was the most tracked flight on FlightRadar24.com. The Boeing 747 aircraft used for the flight is owned by The Kingdom Holding Company, which has significant investments in the Saudi Arabian aviation market. Neymar Jr. has a fleet of private aerial transport, including two private airplanes and a helicopter, at his disposal.

  • Private Sector Employees Highest Paid in Saudi Arabia

    A total of 965,000 employees earn an average salary of $2,600 or more in Saudi Arabia, according to the latest official Saudi data. The Saudi private sector continues its high performance in hiring high-wage workers, with about 708,000 employees working in companies and institutions, an equivalent of 73.3 percent. The Saudi government is developing programs and initiatives to encourage private sector enterprises to generate jobs, most notably employment support from the Human Resource Development Fund (Hadaf).

  • Biden’s New ‘DAC’ Hubs Could Drive Climate Change-Fighting Innovation

    The Biden administration awarded $1.2 billion in support of companies looking to pull carbon from the ambient air on Friday. It did so endorsing a specific strategy: that grouping like-minded companies and researchers in hubs is the most effective way to scale the nascent technology.

  • How Ukraine’s Innovative Military Gadgetry Is Helping Fend Off Russia’s Invasion

    In the 18 months since Russia’s invasion, Ukraine’s resilience with the help of mainly NATO-member weaponry has come to define the war. Less noticed is a cottage industry of battlefield gadgetry that’s starting to bear fruit.

  • Empowering the future: The rising women workforce in Saudi Arabia’s private sector

    Ahmad highlighted the transformative socio-economic changes underway in Saudi Arabia, driven by its Vision 2030 agenda, with a strong emphasis on women’s empowerment. Over the past five years, the labor force participation rate of Saudi women has risen by an impressive 67 percent, from 21 percent in 2017 to 35 percent in 2022, signaling a supportive shift in government policies.