Apple Committed to Supporting Saudi Arabia in Digital Transformation Plan

Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple. (Asharq Al-Awsat)
Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple. (Asharq Al-Awsat)
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Apple Committed to Supporting Saudi Arabia in Digital Transformation Plan

Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple. (Asharq Al-Awsat)
Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple. (Asharq Al-Awsat)

Esther Hare, Apple’s senior director of Worldwide Developer Marketing and executive sponsor of Women at Apple, underlined the company’s commitment to helping Saudi Arabia in its digital transformation plan.

In an interview with Asharq Al-Awsat, Hare stressed that Apple was proud of the launch of its first regional academy for women in Riyadh, to provide new job opportunities in the app economy for women across the region.

Apple recently celebrated the fruits of its partnership with Saudi Arabia, with the graduation of more than 100 young women from the Apple Academy at Princess Nourah University in Riyadh, where they produced more than 100 applications that would help and accelerate the digital transformation process to accomplish many Saudi Vision projects by 2030.

Hare noted that Saudi Arabia was selected as a regional hub for the Apple Academy, thanks to the tremendous opportunities and changes taking place in the Kingdom, which made Apple focus on diversity and inclusion and provide the application ecosystem to the largest number of people.

She added that the company was looking forward to expanding the diversity of the developer database and creating apps for the iPhone and other company platforms.

The headquarters of the Apple Academy are located within Princess Nourah bint Abdulrahman University - the largest women’s university in the world, Hare underlined.

Hare told Asharq Al-Awsat: “They are very successful partners… We are thrilled to be partnering here… and really excited to focus on education now in the country. We talk about the people, the energy, the beautiful building, everything that makes today possible and seeing these graduates really come through the program. It is exciting.”

She stressed that Saudi Arabia was the 19th largest economy in the world, boasting huge investment opportunities. She added that Apple was committed to the changes happening in the Kingdom, and excited to see Saudi women graduating from Apple Academy.

Among the factors that will contribute to the success of the academy, according to Hare, is the availability of energy and people. She noted in this regard that the graduates were enthusiastic about the work and the transformation they were making in a successful learning environment.

Regarding Apple Academy’s contribution to helping Saudi Arabia in its transformation plan, Hare said: “We are committed to Saudi Arabia’s ambitious plan, as Apple Academic Developer is designed to provide tools and training for aspiring entrepreneurs, developers and designers to find and create jobs in the flourishing iOS application economy. We designed this program to uplift communities and provide job opportunities for young people around the world.”

Hare told Asharq Al-Awsat that digital transformation would require a new set of workforce, full of new tools, ideas and new skills. Moreover, she added that the academy was designed to fully prepare the graduates to engage directly in the industry and achieve the required transformation.

“These graduates are prepared to head straight into the job market. I met 100 young women who represent the future of the tech industry here in the Kingdom,” said Hare.

“The app developer community will expand every year, and I am confident that we will continue to see not only massive growth, but also tremendous talent to come from this region,” she remarked.

Hare noted that the Academy programs cover the use of Swift to develop iOS applications, along with courses on marketing, business and cooperation skills, business management, decision-making and entrepreneurship.

“Many of the female graduates here have had great jobs while starting their careers as iOS developers, UX designers, project managers and more... As we expand the program, we expect to eventually reach more than 600 women each year with world-class learning opportunities,” she told Asharq Al-Awsat.

Hare went on to say that the Apple Academy at Princess Nourah University was the first academy dedicated to programmers and entrepreneurs internationally, and designed to empower women in the region and support them in career development.



US Treasury Chief Claims Successes in Isolating Iran

FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
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US Treasury Chief Claims Successes in Isolating Iran

FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: US Treasury Secretary Scott Bessent speaks to the media after two days of meetings with a Chinese delegation, in Paris, France March 16, 2026. REUTERS/Abdul Saboor/File Photo

US Treasury Secretary Scott Bessent said on Saturday that he had sent envoys around the world to pressure countries to economically isolate Iran, hailing new restrictions targeting the country's airlines and banks.

"At my direction, teams were dispatched across the globe to engage with countries and demand action against the Iranian regime," he said on X. "These efforts are delivering results."

Bessent noted that Türkiye and Oman have halted incoming flights from private carrier Mahan Air, while the United Arab Emirates has stopped all flights by Iranian airlines.

Dubai, the UAE's commercial hub, is a major destination for Iran's carriers, with multiple daily flights, a large Iranian community and close business links.

Iran's ISNA news agency, citing officials, reported that five countries had revoked the Iranian republic's flight permits: Azerbaijan, Georgia, Iraq, Oman and the UAE.

But it said flights were still operating to China -- which is refusing to yield to US pressure -- and Russia via the two main airlines, national carrier Iran Air and Mahan.

Mahan had announced that it would no longer serve Türkiye at the request of the Turkish authorities, but flights continue several times a day in both directions, via Iran Air or smaller Iranian carriers, according to the Tehran and Istanbul airport websites.

ISNA said Afghanistan, Armenia, Belarus, Malaysia, Pakistan and Tajikistan were still also being served.

Bessent had said on Monday that all Iranian airlines "will be shut down around the world".

He also highlighted new banking restrictions.

On Wednesday, the UAE central bank blocked transactions to and from Iran by branches of Iran's Bank Melli, accusing it of violating laws on money laundering, terrorism and arms proliferation.

Last week, Türkiye revoked the license of Iran's Bank Mellat, a semi-private financial entity that has been subject to Western sanctions for years.

A Wall Street Journal article shared by Bessent said Jonathan Burke, the Treasury's assistant secretary for terrorist financing, traveled across the Middle East and Europe over two weeks to push the plan to impose what Bessent called "economic D-Day" on Tehran.

The US Treasury has held discussions with more than 50 countries, the Journal reported.


China, US Agree to $30 Billion Tariff Cut, AI Dialogue

WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
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China, US Agree to $30 Billion Tariff Cut, AI Dialogue

WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP
WASHINGTON, DC - SEPTEMBER 25: US President Donald Trump (R) and President of China Xi Jinping (L) speak as they depart following a tour of the National Archives Museum on September 25, 2026 in Washington, DC. Win McNamee/Getty Images/AFP

China and the US have agreed to a $30 billion reciprocal tariff-reduction arrangement and to launch dialogue on AI, under an eight-point consensus reached during Chinese President Xi Jinping's visit to the US, China's Ministry of Foreign Affairs said.

The two sides recognized the work of their economic teams and endorsed steps including the establishment of a trade council, the tariff-reduction arrangement and an extension of outcomes from earlier talks in Kuala Lumpur, the ministry said.

The United ⁠States and China ⁠had earlier agreed to extend by two months a trade truce that was due to expire on November 10, allowing more time to work on a potentially bigger trade deal, US Treasury Secretary Scott Bessent said on Wednesday.

The leaders of ⁠the world's two largest economies ended a three-day summit that showcased personal diplomacy rather than big public breakthroughs. Xi has since landed in Beijing, Chinese state media Xinhua reported on Saturday.

On artificial intelligence, the two sides agreed to establish a dialogue to discuss the technology's risks and benefits, with the next round of discussion set for November, and to set up a communication channel for AI-related incidents, according to the ⁠ministry.

They ⁠also agreed to support each other in hosting the Asia-Pacific Economic Cooperation leaders' meeting and the Group of Twenty summit, with both leaders signaling their intention to attend the gatherings hosted by the other, Reuters reported.

On foreign policy, the leaders agreed that Iran should fulfil its commitment not to develop nuclear weapons, and that no country or entity should impose transit tolls on international waterways, the ministry said. They also recalled that China and the United States fought as allies in World War Two.


Gold Rises, but on Track for Weekly Loss as Fed Rate Hike Expectations Build

FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo
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Gold Rises, but on Track for Weekly Loss as Fed Rate Hike Expectations Build

FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo
FILE PHOTO: A raw gold bar is displayed at Nigeria’s booth at the 8th China International Import Expo (CIIE) venue in Shanghai, China, November 5, 2025. REUTERS/Maxim Shemetov/File Photo

Gold prices rose on Friday but was on track for a weekly loss, as rising US Treasury yields and growing expectations of Federal Reserve rate hikes weighed on the metal.

Spot gold was up 0.6% at $4,303.19 per ounce by 1210 GMT, but was down about 1.7% so far this week. US gold futures rose 1% to $4,339.

US and Iranian negotiators in New York are seeking a deal that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.

"Gold finds support today as oil prices pull back on renewed hopes for a US-Iran deal," said Nikos Tzabouras, a senior market analyst at Jefferies-owned Tradu.com.

"That said, the precious metal is heading for weekly losses, as higher Fed rates and bond yields raise the opportunity cost of holding gold."

The Fed raised interest rates by a quarter-point last week, its first hike in three years, and flagged more hikes follow. Traders are pricing in a 71% chance of an October hike and a 95% chance of an increase in December, according to the CME FedWatch Tool.

Although gold is traditionally seen as a hedge against inflation, higher rates dampen demand as investors shift to yield-bearing assets.

Gold demand in India picked up modestly this week as lower prices drew in buyers ahead of the festive season.

Oil prices fell, and the dollar eased about 0.3%, making greenback-priced bullion more affordable for holders of other currencies.

"Lingering deficit fears could revive the debasement trend that drives investors toward hard assets like gold. Alongside persistent central bank demand, the precious metal has a credible case for a strong fourth-quarter recovery, should the macro winds begin to shift," said Tzabouras.

Spot silver gained 1.4% to $64.82 per ounce, platinum added 1.7% to $1,777.38 and palladium fell 0.4% to $1,269.77. All three metals were poised for weekly losses.