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.
TT

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.



Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
TT

Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)

The third edition of the “Mirkaz ABalad AlAmeen”, a leading platform for exchanging opportunities in Makkah, will kick off on Sunday, under the theme “Makkah Inspires the World.”

The platform, organized by the Holy Makkah Municipality, will feature 15 exceptional Ramadan evenings focused on dialogue, knowledge exchange, and cross-sector engagement.

Makkah Mayor Musad Aldaood said the platform redefines development from Makkah, where faith meets inspiration and values are transformed into a comprehensive civilizational experience.

He noted that the initiative reflects the ambitions of Saudi Vision 2030 and showcases Makkah to the world as a living model of creativity, leadership, and innovation.

The upcoming edition will host more than 65 speakers, including executive leaders and decision-makers from across all three sectors, alongside futurists, entrepreneurs, and leading voices in culture and inspiration from artists, writers, media professionals, and innovators.

The program targets 12 key sectors: technology and digital transformation, financial investment, communications and media, real estate development, transport and logistics, banking services, youth and sports, tourism and culture, hospitality and catering, Hajj and Umrah, the third sector, and healthcare.


Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
TT

Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)

The Saudi Ports Authority (Mawani) granted on Thursday a unified license to international shipping line Global Shipping Line (PIL), officially recognizing it as an authorized foreign investor to operate maritime agencies in the Kingdom's ports, reported the Saudi Press Agency.

The license is issued in accordance with the regulations outlined in the Maritime Agency Services, reflecting Mawani's commitment to boosting the efficiency of the maritime sector and improving the quality of operational services provided at ports.

It aims to attract global expertise and facilitate knowledge transfer within the Kingdom, aligning with international best practices in the maritime transport industry.

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector.

PIL, which operates from its regional headquarters in Riyadh, manages operations in 29 countries.

The move strengthens the Kingdom's position as a crucial logistics hub, in line with the National Transport and Logistics Strategy, while attracting more international shipping lines. It reinforces Saudi Arabia's role as a key link among three continents.


IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
TT

IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo

Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday.

IMF spokeswoman Julie Kozack said the global lender remains engaged in complex discussions with Lebanese ‌authorities following their ‌request for an IMF-supported ‌program ⁠in March 2025. The ⁠IMF sent a staff mission to Beirut earlier this month, said Reuters.

The talks have been focused on two big issues, she said, citing the need for banking sector restructuring and a medium-term fiscal ⁠strategy. "The economy has shown resilience ‌despite the impact ‌of conflicts in the region. It has had ‌a bit of a rebound ‌on the back of tourism from the strong diaspora," Kozack said.

"But at the same time, really restoring strong and sustainable growth will ‌require a comprehensive set of reforms to tackle some of the ⁠structural ⁠weaknesses that have really hampered Lebanon's economic performance for many years," she said. Reforms also are needed to attract international support to help Lebanon address its substantial reconstruction needs.

Kozack said Lebanon needs an updated medium-term fiscal framework that includes concrete measures to mobilize additional revenues for much-needed capital spending, as well as a sovereign debt restructuring to restore debt sustainability.