Buenos Aires, Dec 1, 2018, SPA – Kingdom of Saudi Arabia joins today the G20 Troika, a three-member country committee chaired by Japan, the current Presidency, Argentina, the previous Presidency, and Saudi Arabia, the future Presidency in 2020, said a G20 press release issued today. The press release added that the Troika was established to…
David Parker Executive Director for Financial Services, Bahrain Economic Development Board The Argentine Presidency of the G20 has prioritised the ‘future of work’as a central focus over the next year, signalling that major powers are coming to terms with the profound implications of enormous change on global labour markets. The emergence of new technologies has…
Adnan Ahmed Yousif P&CE of Al Baraka Banking Group and former Chairman of the Board of Directors of the Union of Arab Bank It took more than 40 years for Islamic finance to become a global asset class. I am proud to have been part of this journey as the industry fast approaches the $3-trillion…
RIYADH, November 29, 2018 – For the first time in its 86-year history, Saudi Arabia has opened the doors to labour courts aimed at organising the labour market, protecting workers and boosting investment. The labour courts are just the latest in the types of specialised courts launched by the Kingdom. The labour courts – to be fully…
According to the United Nations Conference on Trade and Development UNCTAD, e-commerce is a prominent feature of the evolving digital economy. The total value of global e-commerce business-to-business (B2B) and business-to-consumer (B2C) sales amounted to $25.3 trillion in 2015 ($22.4 trillion for B2B, plus $2.9 trillion for B2C). Global B2B sales were estimated on the…
Jarmo T. Kotilaine Bahrain Economic Development Board High levels of infrastructure investment are not unusual in demographically dynamic emerging markets which inevitably have growing demand for real estate, social infrastructure, and transportation solutions. But infrastructure investment has arguably been even more important in the GCC region where it is an important aspect of the strategically…
The world of work is rapidly transforming, while technological advancements are altering traditional perceptions, as well as the reality of how work is done and by whom. This phenomenon is not just affecting businesses, but also the wider society. Governments ought to respond to this paradigm shift in a timely and effective manner. Issues such…
Climate change could potentially hinder progress towards a world without hunger. A strong and coherent global pattern is noticeable of the effects of climate change on agriculture that could have consequences for food availability. What’s more concerning is that climate change is likely to exacerbate food insecurity in areas that are already vulnerable to hunger…
King inaugurates first phase of Waad Al-Shamaal Industrial City project in Turaif Province and lays foundation for the projects and facilities of the city’s second phase The finished project will make the Kingdom the second largest producer of phosphate fertilizers in the world King has also unveiled SAR 10.5 billion and SAR 10…
