‘Takamol’ CEO: 1 Mln Daily Operations Tracked on ‘Qiwa’ Platform

One of the job fairs that bring together companies and job seekers in Saudi Arabia (Asharq Al-Awsat)
One of the job fairs that bring together companies and job seekers in Saudi Arabia (Asharq Al-Awsat)
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‘Takamol’ CEO: 1 Mln Daily Operations Tracked on ‘Qiwa’ Platform

One of the job fairs that bring together companies and job seekers in Saudi Arabia (Asharq Al-Awsat)
One of the job fairs that bring together companies and job seekers in Saudi Arabia (Asharq Al-Awsat)

A Saudi official has revealed a new initiative dedicated to achieving an integrated employment market and fixing issues in the Kingdom’s job market. The initiative combines various services into one platform, “Qiwa.”

Qiwa is a unified platform for automating the services of the Ministry of Human Resources in the labor sector to be a meeting point between establishments and workers in the private sector.

Qiwa connects businesses, individuals, and public services.

Dr. Ahmed Al-Yamani, CEO of “Takamol,” a Saudi government-backed company, explained that traditionally, tasks like visa issuance and contract documentation were scattered.

Now, everything happens on a single automated platform, making things much easier for employers. This move seeks to modernize and streamline the job market processes in Saudi Arabia.

Speaking to Asharq Al-Awsat, the CEO of Takamol reflected on how much the labor market has changed.

Al-Yamani revealed that Takamol used to handle 10,000 to 20,000 tasks daily on the Qiwa platform, but now it’s over a million.

This boost in efficiency makes services smoother and helps with economic growth, Al-Yamani stressed, saying Takamol is a big part of Saudi Arabia’s labor market, supporting the goals of the Kingdom’s national transformation plan, “Vision 2030.”

The services inspired by the Vision’s initiatives didn’t just stop at organization; the labor market always needs empowerment.

“We began by launching two platforms, around four or five years ago, for the Human Resources Development Fund,” said Al-Yamani.

“When we started, the idea was to address the problem of very low female participation in the Saudi labor market, which was below 19%,” he added.

“Our goal was to reach 39 or 40% by 2030. We launched several programs, including remote training and skill enhancement, so that women, youth, or anyone seeking or already in employment could develop their abilities easily and quickly through these platforms,” explained the CEO.

“Now, millions of users have accessed them, accumulating millions of training hours,” revealed Al-Yamani.



Oil Slips as OPEC+ Output Hikes Counter Russia Disruption Concerns

Repsol oil refinery complex is seen during the sunset near Tarragona, Spain February 13, 2025. REUTERS/Nacho Doce/File Photo
Repsol oil refinery complex is seen during the sunset near Tarragona, Spain February 13, 2025. REUTERS/Nacho Doce/File Photo
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Oil Slips as OPEC+ Output Hikes Counter Russia Disruption Concerns

Repsol oil refinery complex is seen during the sunset near Tarragona, Spain February 13, 2025. REUTERS/Nacho Doce/File Photo
Repsol oil refinery complex is seen during the sunset near Tarragona, Spain February 13, 2025. REUTERS/Nacho Doce/File Photo

Oil slipped about 1% on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about US President Donald Trump's threats to India over its Russian oil purchases.

The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, a move that will end its most recent output cut earlier than planned.

Brent crude futures were down 70 cents, or 1%, to $68.06 a barrel at 1052 GMT, while US West Texas Intermediate crude slipped 79 cents, or 1.2%, to $65.50. Both contracts fell by more than 1% on Monday to settle at their lowest in a week.

Trump on Monday again threatened higher tariffs on Indian goods over the country's Russian oil purchases. New Delhi called his attack "unjustified" and vowed to protect its economic interests, deepening a trade rift between the two countries.

Oil's move since Trump's threat indicates that traders are sceptical of a supply disruption happening, said John Evans of oil broker PVM in a report. He questioned whether Trump would risk higher oil prices.

"I'd call it a stable market for oil," said Giovanni Staunovo, analyst at UBS. "Assume this likely continues until we figure out what the US president announces in respect to Russia later this week and how those buyers would react."

India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million bpd from January to June this year, up 1% from a year ago, according to data provided to Reuters by trade sources.

Trump's threats come amid renewed concerns about oil demand and some analysts expect faltering economic growth in the second half of the year.

JPMorgan said on Tuesday the risk of a US recession was high. Also, China's July Politburo meeting signalled no more policy easing, with the focus shifting to structural rebalancing of the world's second-largest economy, the analysts said.