Education For Employment (EFE), Citi Foundation Link Saudi Youth to Jobs

With Citi Foundation’s support, EFE in Saudi Arabia launched its Flagship “Work Readiness Program” to nurture and inspire 68 young Saudi with skills to succeed on the job and in life.
With Citi Foundation’s support, EFE in Saudi Arabia launched its Flagship “Work Readiness Program” to nurture and inspire 68 young Saudi with skills to succeed on the job and in life.
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Education For Employment (EFE), Citi Foundation Link Saudi Youth to Jobs

With Citi Foundation’s support, EFE in Saudi Arabia launched its Flagship “Work Readiness Program” to nurture and inspire 68 young Saudi with skills to succeed on the job and in life.
With Citi Foundation’s support, EFE in Saudi Arabia launched its Flagship “Work Readiness Program” to nurture and inspire 68 young Saudi with skills to succeed on the job and in life.

In continued support to Saudi Vision 2030’s mission of empowering youth with opportunities, the Citi Foundation and Education For Employment (EFE) in Saudi Arabia partnered together for the third year to continue the momentum in creating economic opportunities for unemployed Saudi youth in 2021. With Citi Foundation’s support, EFE in Saudi Arabia launched its Flagship “Work Readiness Program” to nurture and inspire 68 young Saudi with skills to succeed on the job and in life.

“We’re thrilled to see that our partnership with EFE is helping Saudi women and men become work-ready and secure jobs that will enable them to contribute to the Kingdom’s economy,’’ said Carmen Haddad, Citi Country Officer-Saudi Arabia and Vice Chair Citi Middle East. “As young people continue to face high rates of unemployment in the Middle East and North Africa, it is an economic imperative that businesses open their doors and invest in developing the skills of young people.”

With Citi’s support, EFE implemented the Job Training and Placement program to support Saudi young women employment in Saudi Arabia in May. The “Workplace Readiness” program is designed to highlight various aspects of the employment search journey and includes modules on effective communication, emotional intelligence, time management and interpersonal skills to meet Saudi employer expectations and overcome the challenges of adjusting to the work environment. “With COVID-19, a digital skills component was also introduced to equip Saudi youth with 21st century skills,” explained Amr Abdallah, Director of Gulf Programs at EFE-Global.

After placing those young women into jobs in the IT sector and in addition to the training, EFE held an additional workshop that served up to 25 participants to provide them with skills needed to thrive in the work environment. The program was designed to upscale their interpersonal skills in the workplace and help individuals improve their image and reputation to advance their careers. Sarah Altamimi Head of Equity Trading – Director from Citi Saudi joined the event and added: “I am delighted to see that at the end of this program beneficiaries are equipped with the skills and techniques that enable them to realize their full potential.”

Nouf Alenezi, a graduate of the program, is grateful to have been part of the journey, saying: “I’ve learned more about time management skills, the most sufficient ways to deal with working under pressure and other skills that I believe are essential in the life of youth at the beginning of their career. Those who seek excellence and have great ambition in developing their career ladder need to be positive people who leave impact within their work environment and those surrounding them”

Abdullah Alghamdi, EFE-Saudi CEO, added: “We are very pleased to partner with the Citi Foundation to bring this effort to Saudi Arabia to enable Saudi youth reach their potential and compete in growing sectors and contribute to Saudi vision 2030. We look forward to the continuous partnership between EFE-Saudi and the Citi Foundation. The skills that Saudi youth acquired in this program are based on the proven model that has enabled the EFE Network to connect over 130,000 graduates to the world of work in nine countries across the Middle East and North Africa. This work has become more important than ever due to the changing landscape caused by to COVID-19.”

The activities in Saudi Arabia is part of a regional Citi-EFE Global partnership in alignment with the Citi Foundation’s Pathways to Progress global approach that prepares youth with career readiness skills and opportunities to thrive in today’s economy. Now entering its eights year, the Citi-EFE Global partnership provides training and economic opportunities to unemployed youth in Morocco, Tunisia, and, for the second time, in Saudi Arabia and the UAE. Beyond providing direct program support to EFE, the Citi Foundation has played a unique and crucial role in enhancing the efficacy of the EFE Network by supporting EFE’s systems and outreach.

Education For Employment in Saudi Arabia (EFE) aims to help youth accessing economic opportunities, by equipping them with a set of internationally and locally recognized training programs that increase their employability skills to meet labor market demands, and linking them with employer partners.

The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation's “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation.



Oil Prices Extend Gains on Concerns of Potential US-Iran Conflict

FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo
FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo
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Oil Prices Extend Gains on Concerns of Potential US-Iran Conflict

FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo
FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo

Oil prices rose on Thursday as the US and Iran attempted to ease a standoff in talks over Tehran's nuclear program while both sides heightened military activity in the key oil-producing region.

Brent futures climbed 23 cents, or 0.3% to $70.58 a barrel by 0735 GMT, while US West Texas Intermediate (WTI) crude gained 25 cents, or 0.4%, to trade at $65.44 a barrel.

Both benchmarks settled more than 4% higher on Wednesday, posting their highest settlements since January 30, as traders priced in the risk of supply disruptions in the event of ‌a conflict.

"Oil prices are ‌rallying as the market becomes increasingly concerned over the potential ‌for ⁠imminent US action ⁠against Iran," said ING analysts in a Thursday note.

Iranian state media reported the country had shut down the Strait of Hormuz for a few hours on Tuesday, without making clear whether the waterway had fully reopened. About 20% ⁠of the world's oil supply passes through the waterway.

"Tensions between Washington ‌and Tehran remain high, but the prevailing view ‌is that full-scale armed conflict is unlikely, prompting a wait-and-see approach," said Hiroyuki Kikukawa, chief strategist of ‌Nissan Securities Investment, a unit of Nissan Securities.

"US President Donald Trump does not ‌want a sharp rise in crude prices, and even if military action occurs, it would likely be limited to short-term air strikes," Kikukawa added.

A degree of progress was made during Iran talks in Geneva this week but distance remained on some issues, the White House said on Wednesday, ‌adding that it expected Tehran to come back with more details in a couple of weeks.

Iran issued a notice to ⁠airmen (NOTAM) that ⁠it plans rocket launches in areas across its south on Thursday from 0330 GMT to 1330 GMT, according to the US Federal Aviation Administration website.

At the same time, the US has deployed warships near Iran, with US Vice President JD Vance saying Washington was weighing whether to continue diplomatic engagement with Tehran or pursue "another option".

Meanwhile, two days of peace talks in Geneva between Ukraine and Russia ended on Wednesday without a breakthrough, with Ukrainian President Volodymyr Zelenskiy accusing Moscow of stalling US-mediated efforts to end the four-year-old war.

US crude and gasoline and distillate inventories fell last week, market sources said, citing American Petroleum Institute figures on Wednesday, contrary to expectations in a Reuters poll that crude stocks would rise by 2.1 million barrels in the week to February 13.

Official US oil inventory reports from the Energy Information Administration are due on Thursday.


Madinah Sees Tourism Surge Ahead of Ramadan, Spending Tops $13.9 Billion

A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 
A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 
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Madinah Sees Tourism Surge Ahead of Ramadan, Spending Tops $13.9 Billion

A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 
A cluster of buildings and hotels surrounding the Prophet’s Mosque (SPA). 

Saudi Arabia’s Minister of Tourism, Ahmed Al-Khateeb, has toured hospitality facilities and visitor services in Madinah as part of the “Spirit of Ramadan” inspection tour, which also included Jeddah and Makkah.

New data show visitor numbers exceeded 21 million over the past year, a 12 percent increase from 2024, while total tourism spending reached SAR 52 billion (about $13.9 billion), up 22 percent.

The visit focused on assessing the sector’s readiness for the Ramadan season, evaluating service quality, and supporting ongoing and upcoming tourism projects.

Madinah posted strong tourism performance in 2025, driven by higher visitor inflows and expanded hospitality capacity, reinforcing its position as a leading religious destination within Saudi Arabia’s tourism landscape.

Demand growth has been matched by a sharp rise in supply. Licensed hospitality facilities increased to 610, up 35 percent, while the number of licensed rooms surpassed 76,000, a 24 percent gain, strengthening the city’s ability to accommodate during peak seasons such as Ramadan and Hajj.

Travel and tourism offices also grew to more than 240, reflecting a 29 percent expansion in supporting services.

Al-Khateeb said the entry of international hospitality brands and new projects over the past five years underscores both sectoral growth and rising investor confidence in the Kingdom’s tourism ecosystem.

“The landscape today is different. The sector is growing steadily, supported by a system that empowers investors and facilitates their journey, with a promising future ahead,” he said.

To expand hotel capacity, the minister inaugurated the Radisson Hotel Madinah, a project worth more than SAR 39 million (around $10 million) and financed by the Tourism Development Fund.

The 2025 performance signals a shift from traditional seasonal growth toward more sustainable expansion built on diversified offerings, improved service quality, and a stronger contribution to the local economy.

 

 

 

 

 

 


Airbus Planning Record Commercial Aircraft Deliveries in 2026

An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File
An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File
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Airbus Planning Record Commercial Aircraft Deliveries in 2026

An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File
An Airbus A350-1000 at the Singapore Airshow on February 4. The company said Thursday it aims to deliver a record number of aircraft this year. Roslan RAHMAN / AFP/File

Plane maker Airbus aims to deliver a record number of commercial aircraft this year, the company said Thursday, capitalizing on "strong demand" and a jump in profit in 2025.

"2025 was a landmark year, characterized by very strong demand for our products and services across all businesses," CEO Guillaume Faury said in a press release announcing annual results.

The European manufacturer said it received 1,000 orders for commercial planes in 2025, with net orders of 889 after taking cancellations into account, and 793 delivered.

Last year, its overall profit jumped 23 percent to 5.2 billion euros ($6.1 billion).

The company said it is targeting "around 870 commercial aircraft deliveries" this year.

"As the basis for its 2026 guidance, the Company assumes no additional disruptions to global trade or the world economy, air traffic, the supply chain, its internal operations, and its ability to deliver products and services," it said in its outlook.

Both Airbus and its rival Boeing have struggled to return to pre-pandemic production levels after their entire network of suppliers was disrupted, even as airlines are eager to modernize their fleets with more fuel-efficient aircraft and expand to meet an expected increase in passenger numbers over the coming decades.