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.



Gold Set for Weekly Loss as Inflation, Rate-Hike Fears Persist

Gold bangles are displayed inside a jewellery store in the old quarters of Delhi, India, May 11, 2026. (Reuters)
Gold bangles are displayed inside a jewellery store in the old quarters of Delhi, India, May 11, 2026. (Reuters)
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Gold Set for Weekly Loss as Inflation, Rate-Hike Fears Persist

Gold bangles are displayed inside a jewellery store in the old quarters of Delhi, India, May 11, 2026. (Reuters)
Gold bangles are displayed inside a jewellery store in the old quarters of Delhi, India, May 11, 2026. (Reuters)

Gold prices fell on Friday and were on track for a weekly loss, pressured by concerns around inflation and potential US Federal Reserve interest rate hikes.

Spot gold was down 0.7% at $4,183.19 per ounce, as of 0745 GMT, and was set for a weekly loss of 3.4%. US gold futures for ‌August delivery rose ‌2.2% to $4,204.40.

Gold fell to a more than ‌six-month ⁠low on Thursday ⁠before closing higher at $4,219.69, after US President Donald Trump called off planned military strikes on Iran and signaled an imminent peace deal. However, Iran countered that it had not reached a final decision on an agreement.

The price is "completely being driven by the geopolitical headlines," said Edward Meir, an analyst at Marex.

"The markets will ⁠be paying attention to any signal that ‌the Fed could raise rates, and ‌if they hint at moving in that direction, I think gold could ‌probably break below the $4,000 mark."

Gold has lost about 20% since ‌the Iran war began, on fears that rising energy costs could spur inflation, prompting central banks to keep interest rates higher and raising the opportunity cost of holding the non-yielding metal.

US producer prices increased more ‌than expected in May, leading to the largest annual gain in 3-1/2 years as the conflict ⁠drove up ⁠the cost of energy products.

Traders are currently pricing in a 60% chance of a US rate hike in December, according to the CME Group's FedWatch tool.

Meanwhile, holdings of the largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, fell about 0.3% to 923.89 metric tons on Wednesday. ANZ lowered its year-end price target for gold by $400 to $5,200 to reflect recent price volatility.

Spot silver fell 1.8% to $66.13 per ounce, and platinum lost 0.3% to $1,715.44, with both metals headed for a weekly loss. Palladium rose 1.6% to $1,289.75, and has gained about 5% for the week so far.


UK Economy Shrinks in April as Middle East War Hits

People hold umbrellas in Piccadilly Circus, in London, Thursday, June 11, 2026.(AP Photo/Alberto Pezzali)
People hold umbrellas in Piccadilly Circus, in London, Thursday, June 11, 2026.(AP Photo/Alberto Pezzali)
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UK Economy Shrinks in April as Middle East War Hits

People hold umbrellas in Piccadilly Circus, in London, Thursday, June 11, 2026.(AP Photo/Alberto Pezzali)
People hold umbrellas in Piccadilly Circus, in London, Thursday, June 11, 2026.(AP Photo/Alberto Pezzali)

Britain's economy contracted in April as the Middle East war hit growth, official data showed Friday, dealing a setback to Prime Minister Keir Starmer as he grapples with a fresh political crisis.

Gross domestic product fell 0.1 percent in April following growth of 0.3 percent in March, the Office for National Statistics said in a statement.

Surging energy prices triggered by the war, which began with US-Israeli strikes on Iran on February 28, have reignited inflationary pressures and threatened to derail growth.

"Before the conflict in the Middle East, growth was higher than expected and inflation was falling," finance minister Rachel Reeves said in response to the figures.

"This is not a war we wanted or joined, but one that will have an impact at home," she said.

Britain's defense and armed forces ministers quit Thursday in a row over military spending, piling pressure on Starmer who is facing calls to step down.

Defense Secretary John Healey resigned warning that Starmer's long-awaited Defense Investment Plan (DIP) for funding over the next decade -- which the leader has yet to publish -- risked making Britain "less safe.”

In the evening Al Carns became the second senior figure in defense to quit, resigning as armed forces minister, along with Healey aide Pamela Nash.

The resignations weaken Starmer's authority at a precarious moment, a week before a by-election that could prompt a bid to replace him.


Iran’s Oil Production Slumped Due to US Blockade, Closure of Hormuz

The logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)
The logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)
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Iran’s Oil Production Slumped Due to US Blockade, Closure of Hormuz

The logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)
The logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. (Reuters)

Iran's oil supplies have registered a sharp decline since the tightening of the US naval blockade and the near-total closure of the Strait of Hormuz, which has also paralyzed the movement of oil and slashed exports by Gulf producers, the monthly report of the Organization of the Petroleum Exporting Countries (OPEC) revealed on Thursday.

Iran’s crude oil production slumped by 19% last month, according to data from OPEC, while the US blockaded the country’s ports during their ongoing conflict.

Iran was the primary contributor to last month’s sharp decline. The cartel reported that Iranian output fell by 19%, or 546,000 barrels, to 2.33 million.

The blockade of the Strait of Hormuz has also affected collective regional figures. Crude oil production by OPEC declined by 177,000 barrels per day (bpd) in May compared with April, driven mainly by a sharp drop in Iranian output, while the group maintained expectations for stronger global oil demand growth in 2026.

Total OPEC crude production averaged 33.13 million barrels per day in May, down by 185,000 daily barrels from the previous month.

The 11-member group trimmed its forecast for global oil demand growth this year to 970,000 barrels per day, citing geopolitical conflict in the Middle East. OPEC had predicted 1.17 million barrels in the previous report.

Meanwhile, OPEC maintained an optimistic outlook for the near future, betting that post-shock energy demand will rapidly rebound.

It raised its 2027 global oil demand growth forecast to 1.73 million bpd, up from the previous projection of 1.54 million bpd.

OPEC's June 2026 monthly report described the global economy's first-half performance as resilient despite the geopolitical environment, leaving its macroeconomic growth forecasts unchanged alongside the demand revision.