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- Saudi banks well positioned to weather economic shocks: Fitch
- Qatar to Invest Hundreds of Millions to Support Lebanon
- stc wins in two categories at Global Business Outlook Awards 2025
- OPEC+ may keep its pause on oil output increases as prices climb
- Bahrain All Share Index marks 2,051.57 points
- Digital City Bahrain awards design, lead consultancy contract for Trio Park
- World Bank Says Saudi Arabia Partnership Turns Policies into Economic Opportunities
- Kuwait scraps oil tenders worth $10bn after bids exceed budget
- Deal signed for wind turbine plant in Duqm
- Madayn plans 98 projects over next 5 years
27/01/2026 06:33 AST
World Bank Group Vice President for the People Vice Presidency Dr. Mamta Murthi affirmed that the partnership between Saudi Arabia and the World Bank serves as an effective model for turning evidence-based policies into tangible economic opportunities for businesses of all sizes, contributing to job creation and human capital development.
Speaking at the third Global Labor Market Conference in Riyadh, Murthi emphasized that developing workforce systems to keep pace with rapid global economic changes has become an urgent necessity, stressing the pivotal role of the private sector in driving this transformation and achieving inclusive and sustainable job growth, the Saudi Press Agency reported Tuesday.
She highlighted key initiatives under this agenda, including the launch of an annual labor-market academy, the formation of a global advisory committee of experts, and the preparation of practical guides to support short-term, targeted workforce interventions.
She also announced that the World Bank will publish a specialized report on Saudi Arabia's progress in labor market reforms and skills development.
Asharq Al Awsat
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27/01/2026
Saudi banks' credit profiles remain solid, with financial metrics displaying lower sensitivity to economic downturns than most GCC peers, said Fitch Ratings in a new report.
The Saudi opera
Trade Arabia
27/01/2026
Gas-rich Qatar on Monday announced investments in Lebanon worth hundreds of millions of dollars to improve the crisis-hit nation's crumbling electricity sector and to continue support for the Lebanes
Asharq Al Awsat
27/01/2026
Digital City Bahrain has announced the appointment of Brewer Smith Brewer Group (BSBG) as the design architect and lead consultant for Trio Park, the first phase of Digital City Bahrain, which will b
Trade Arabia
27/01/2026
Kuwait has cancelled oil sector tenders worth nearly $10 billion after contractors submitted bids far above the government's approved budget, in a move highlighting rising project costs and tighter f
Trade Arabia
27/01/2026
The Public Authority for Special Economic Zones and Free Zones (OPAZ) on Monday signed a usufruct agreement with Mawarid Turbine to establish a wind turbine manufacturing and assembly plant in the Sp
Muscat Daily
Financial Information Co.
Saudi Arabia