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Saudi Arabia unemployment rate Q1 2022 drops to 5.1%

RIYADH: Saudi Arabia’s jobs targets outlined in Vision 2023 have borne results, with its overall unemployment rate falling 0.9 percentage points to 5.1 percent in the first quarter of 2023 compared to the same period a year ago, official data showed.  According to the latest report by the General Authority for Statistics, the labor force participation of Saudis increased annually by 2.3 percentage points in the first quarter. The employment-to-population ratio also increased by 2.9 percentage points. 
News

“DeSantis Appointee Organizes Fundraiser in The Villages”

The $13,200-per-couple fundraiser yet again blends official state business and corporate influence with Ron DeSantis’s presidential campaign.

The post DeSantis State Government Appointee Holds DeSantis Fundraiser in The Villages appeared first on The Intercept.

Business

Saudi cement companies in central region may reduce prices due to strong competition.

RIYADH: A price war between cement producers is likely to break out in Saudi Arabia’s central region on the back of the giga-projects boom, according to a recent report from AlJazira Capital. Since the majority of the huge ongoing developments in the Kingdom are located in its center, companies from across the country have ventured into the region, causing competition to soar.   The report added that the central area is also logistically more feasible and accessible for the majority of the firms in the Kingdom, further attracting external players. 
Business

74% of Saudi CEOs Confident in Kingdom’s Growth for Next 3 Years: KPMG

RIYADH: A vast majority CEOs in Saudi Arabia are confident about the Kingdom’s economic growth over the next three years despite the prevalent inflationary pressures and geopolitical tensions, revealed a global survey by KPMG.  The global professional services network, in its latest CEO Outlook report, revealed that 74 percent of Saudi chief executives are optimistic about the economic growth of the Kingdom over the next three years, compared to just 60 percent who are confident about global progress. 
Business

Riyadh Air, owned by PIF, reveals livery before Paris Air Show debut

RIYADH: The latest player in the global aviation industry, Riyadh Air, made an appearance with its remarkable livery at the King Khaled International Airport in the Saudi capital on Monday. A Boeing 787-9 Dreamliner painted aircraft flew at low altitude over several notable landmarks in the Riyadh skyline, including King Abdullah Financial District, Boulevard City, and some of the iconic main towers, thrilling residents with a glimpse of the Public Investment Fund-owned airline ahead of its public debut at the 54th Paris Air Show on June 19.
Opinions

Stop Using Explosive Weapons in Cities

Explosive weapons can be highly inaccurate and are not meant to be used in densely populated areas.
TV Shows

US Intel Leaks & Ukraine War

Washington does damage control after leak of classified documents reveals sensitive information about Ukraine war.
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NYC Mayor Accuses Grandmother to Justify NYPD Assault on Columbia

Justice 0

Nahla Al-Arian lost more than 200 relatives in Israel's attacks on Gaza. Then Eric Adams said she was the reason police raided Columbia.

The post NYC Mayor Smeared a Grandmother as an “Outside Agitator” to Justify NYPD Assault on Columbia appeared first on The Intercept.

Trump’s New York Hush Money Trial Day 11 Takeaways with Hope Hicks

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Hicks, a former advisor to the ex-president, testified about how his 2016 campaign handled the Access Hollywood tape.

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KFC Malaysia closes outlets amid Gaza boycott

Economy 0
Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

New Generation of Organized Labor Rises in US

Economy 0
US experiencing the biggest strike wave in 50 years.

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