Saudi G20 Presidency Underpins Coordination to Mitigate Covid-19 Impact on Labor Markets

Saudi G20 Presidency Underpins Coordination to Mitigate Covid-19 Impact on Labor Markets
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Saudi G20 Presidency Underpins Coordination to Mitigate Covid-19 Impact on Labor Markets

Saudi G20 Presidency Underpins Coordination to Mitigate Covid-19 Impact on Labor Markets

The G20 Summit, under Saudi presidency this year, is seeking to coordinate efforts for implementing effective measures that soften the fallout of the coronavirus pandemic on labor markets.

G20 ministerial meetings and workshops have finalized a host of proposals that underpin policies centered on generating jobs especially during the pandemic.

“The meetings have discussed the impacts of Covid-19 on the labor markets and the need to develop and implement efficient and comprehensive measures to mitigate the impacts on our societies and local and international market labors,” confirmed the Saudi Minister of Human Resources and Social Development Ahmed Al-Rajhi.

The G20’s Employment Working Group (EWG), in its latest meeting, focused on enhancing economic recovery of labor markets under Covid-19.

In remarks to the Saudi Press Agency (SPA), Al-Rajhi pointed out that the upcoming G20 summit, scheduled for Riyadh on November 21-22, is expected to approve the final statement and priority policies of the EWG, which was keen to address youth employment issues, means of adapting social systems and the application of behavioral approaches in policy-making.

In the spirit of solidarity to develop and implement effective measures to mitigate the consequences of the pandemic on labor markets and societies, work and coordination will continue among state ministers to enhance focus on the post-pandemic economic recovery process, Al-Rajhi affirmed.

He added that the L20 Workers Communication Group in the G20 represents the voice of workers, where the protection and safety of workers was among its priorities.

The L20 Workers Communication Group summit stressed the commitment of the Kingdom to preserve the accomplishments achieved during the previous presidencies, he said, and achieve significant progress in empowering women and youth and increasing their participation in the labor market.

Saudi Arabia has also focused on addressing the challenges of women's empowerment through initiatives targeting less-favored groups, and taking measures that served the interests of women and youth by supporting initiatives such as “Enabling and Supporting the Economic Representation of Women.”

Al-Rajhi shed light on the measures elaborated in the final statement of the G20 labor ministers: Supporting employees and entrepreneurs during this period, ensuring the support of workers, families, facilities and societies to recover and thrive in an inclusive and equitable manner, improving the conditions of vulnerable groups and making sure the recovery process does not exacerbate injustices and gender inequalities.



Saudi Arabia, Qatar Sign High-Speed Railway Project Implementation Agreement

The project is slated for completion in six years, utilizing the latest railway technologies and smart engineering to ensure safe and seamless operation and to adhere to the highest international standards of quality and safety - SPA
The project is slated for completion in six years, utilizing the latest railway technologies and smart engineering to ensure safe and seamless operation and to adhere to the highest international standards of quality and safety - SPA
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Saudi Arabia, Qatar Sign High-Speed Railway Project Implementation Agreement

The project is slated for completion in six years, utilizing the latest railway technologies and smart engineering to ensure safe and seamless operation and to adhere to the highest international standards of quality and safety - SPA
The project is slated for completion in six years, utilizing the latest railway technologies and smart engineering to ensure safe and seamless operation and to adhere to the highest international standards of quality and safety - SPA

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani witnessed the signing of an agreement to implement a high-speed electric passenger railway project connecting the Kingdom of Saudi Arabia and the State of Qatar, a step reflecting the deep-rooted fraternal and historical relations between the two countries.

The agreement was signed by Minister of Transport and Logistic Services Saleh Al-Jasser and Minister of Transport of Qatar Sheikh Mohammed bin Abdulla bin Mohammed Al Thani within the framework of the Saudi-Qatari Coordination Council, representing a strategic step aimed at enhancing cooperation, developmental integration, and sustainable development, and demonstrating a shared commitment to regional prosperity, SPA reported.

The high-speed railway line spans 785 kilometers, strategically connecting the capital cities of Riyadh and Doha, and will pass through key stations including Hofuf and Dammam, while also linking King Salman International Airport and Hamad International Airport.

The train will form a new artery for rapid and sustainable transportation, improving the regional travel experience with speeds exceeding 300 kilometers per hour, reducing travel time between the two capitals to approximately two hours, significantly enhancing mobility, boosting trade and tourism, and improving quality of life.

The project is slated for completion in six years, utilizing the latest railway technologies and smart engineering to ensure safe and seamless operation and to adhere to the highest international standards of quality and safety.

It is expected to have an economic impact of nearly SAR115 billion on the GDP of both countries, serve over 10 million passengers annually, and create more than 30,000 direct and indirect jobs.

The high-speed railway will also contribute to environmental sustainability by reducing carbon emissions and supporting the transition to more efficient and innovative transportation patterns for smart and sustainable mobility in the region.

This makes the rail line one of the most important strategic projects supporting regional development and strengthening connectivity and integration among the Gulf Cooperation Council countries.


Türkiye's Pegasus Airlines Acquires Biggest Czech Airline, Smartwings, in a Deal Worth $180 million

A passenger plane of the ‘Pegasus’ airline lands at the ‘Stuttgart Airport’ in Stuttgart, Germany, Wednesday, May 3, 2023. (Bernd Weissbrod/dpa via AP, File)
A passenger plane of the ‘Pegasus’ airline lands at the ‘Stuttgart Airport’ in Stuttgart, Germany, Wednesday, May 3, 2023. (Bernd Weissbrod/dpa via AP, File)
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Türkiye's Pegasus Airlines Acquires Biggest Czech Airline, Smartwings, in a Deal Worth $180 million

A passenger plane of the ‘Pegasus’ airline lands at the ‘Stuttgart Airport’ in Stuttgart, Germany, Wednesday, May 3, 2023. (Bernd Weissbrod/dpa via AP, File)
A passenger plane of the ‘Pegasus’ airline lands at the ‘Stuttgart Airport’ in Stuttgart, Germany, Wednesday, May 3, 2023. (Bernd Weissbrod/dpa via AP, File)

Türkiye's Pegasus Airlines said on Monday it has signed an agreement to acquire the biggest Czech airline, Smartwings, along with its owner, Czech Airlines, from Prague City Air.

Pegasus said the deal, which is worth 154 million euros (almost $180 million) was a “step forward in our continued global growth journey,” Reuters reported.

The process of transferring the ownership of Czech Airlines should be completed in 12 months, Smartwings spokeswoman Vladimíra Dufková said.

Smartwings currently operates regular, charter and private flights to some 80 destinations with almost 50 planes. The airline previously negotiated a takeover by Polish national carrier LOT but that fell through over the weekend after Pegasus filed a rival bid.

Pegasus, a low cost carrier, that was established in 1990. It says it operates flights to 153 destinations in 54 countries.


stc Receives 5-Star Recognition Certificate for Institutional Excellence from EFQM

stc Receives 5-Star Recognition Certificate for Institutional Excellence from EFQM
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stc Receives 5-Star Recognition Certificate for Institutional Excellence from EFQM

stc Receives 5-Star Recognition Certificate for Institutional Excellence from EFQM

stc Group has been awarded the 5-star recognition certificate for institutional excellence from the European Foundation for Quality Management (EFQM) for 2025.

stc is the first Saudi company to receive this prestigious recognition across all its private sector operations in the Kingdom. It is also the first company in the global telecommunications sector to achieve this rating according to the EFQM 2025 model.

This accomplishment highlights stc's leading position in performance and innovation, SPA reported.

Chief Legal and Risk Officer and General Counsel of stc Group Mathad Alajmi stated that this achievement reinforces customers' and partners' confidence in the group's capabilities, underscoring its commitment to the highest standards of corporate excellence.

This commitment is reflected in the delivery of digital solutions, supported by a flexible, adaptable organizational culture. stc will continue its journey of improvement to support the growth of the digital economy in the region and enhance the Kingdom's global competitiveness.