World Bank President: Saudi Arabia Adopting Great Approach to Empower Women in Labor Market

President of the World Bank Ajay Banga addressed the seventh edition of the Future Investment Initiative in Riyadh. (SPA)
President of the World Bank Ajay Banga addressed the seventh edition of the Future Investment Initiative in Riyadh. (SPA)
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World Bank President: Saudi Arabia Adopting Great Approach to Empower Women in Labor Market

President of the World Bank Ajay Banga addressed the seventh edition of the Future Investment Initiative in Riyadh. (SPA)
President of the World Bank Ajay Banga addressed the seventh edition of the Future Investment Initiative in Riyadh. (SPA)

President of the World Bank Ajay Banga stressed on Tuesday that Saudi Arabia has sought to empower women in the labor market, urging other countries to follow suit to realize aspirations through the quality of life to create jobs.

He noted that the World Bank has a mission and vision to address climate change, resilience to engage with the world and focus on the youth as the beating heart of the world to achieve future aspirations, the growth of the global economy and joint efforts.

Banga made his remarks while participating in the seventh edition of the Future Investment Initiative that is currently underway in Riyadh.

He added that aspirations must be realized through the quality of life and generating jobs, reviewing the geopolitical challenges and crises in various countries.

He noted that the global economy will be in a good and reassuring status only if the world joins efforts, adding that all should be responsible for facing challenges related to energy transition and debts.

Moreover, he said the volume of renewable energy amounts to $3 billion, which is increasing, stressing the need for the private sector's engagement to reach a level that develops the global economy, works together to reduce carbon emissions, and focuses on reaching solutions to reduce increasing emissions.

He also highlighted risks related to the economy through legislative frameworks that the World Bank is planning to address, which requires local capital from the private and public sectors.



Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
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Tunisia Gets Offers in 75,000 T Soft Wheat Tender, Traders Say

Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)
Agricultural labourers harvest the wheat crop at Chadiala village in the northern Indian state of Punjab April 10, 2008. REUTERS/Ajay Verma (INDIA)

The lowest price offered in the international tender from Tunisia's state grains agency on Thursday to purchase about 75,000 metric tons of soft wheat was believed to be $262.91 a ton cost and freight (c&f) included, European traders said.

Offers are still being considered and no purchase has yet been reported. The lowest offer is not always accepted if conditions attached to it are regarded as unattractive, Reuters reported.

The lowest offer was believed to have been submitted for optional-origin wheat by trading house Cargill for 25,000 tons, they said.

Cargill also made the next lowest offer of $263.91 also for 25,000 tons, they said.

Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

Shipment was requested between May 20 and June 30 depending on origin supplied.