Throwback: DAVOS Interview - Minister of Finance, Saudi Arabia


Labor reform programs in Saudi Arabia are bearing positive results, says Ibrahim Abdulaziz Al Assaf, Minister of Finance, the Kingdom of Saudi Arabia.

"If there are some problems, we’ll fine tune Saudization programs. It is an initiative designed for a unique situation in Saudi Arabia where we have a large number of non-Saudi workers."

The interview was published in the March 2014 issue of the Dubai-based magazine TRENDS - An International Magazine on Arab Affairs. Below is the jpeg file of the TRENDS magazine.



Comments

Post a Comment

Popular posts from this blog

CRYPTOCURRENCY BAN LIFTED IN INDIA

Image
Cryptocurrencies have gained popularity across the world. Facebook revives Libra plans; Value of global crypto market to reach US$1.6 trillion While the Facebook is re-thinking its plan to launch digital currency Libra, India’s highest court has lifted a ban on cryptocurrency today. India’s Supreme Court on Wednesday allowed trading in virtual currency, cryptocurrency and the likes of Bitcoin. However, the court’s decision might be over-shadowed by the upcoming bill proposed by India’s federal government. The draft bill seeks to prohibit mining, holding, selling, trade, issuance, disposal or use of cryptocurrency in India, and the violation could result in hefty fines and imprisonment of 10 years. For now, the supporters of cryptocurrency may rejoice as the draft bill might come in a distant future and may be toned down a tad bit after Supreme Court’s decision. The court ruled in favor of the Internet and Mobile Association of India, which was representing the inter
Read more

DRIVEN BY FAITH

Image
  Faith is a complex beast! It can make you do anything, and it could be anything — faith in a human, religion, ideology, nation, or even in science. A strong faith in something could make or break people. Is faith an inherent part of human design? How do we define faith? What does faith do? Why do we need it? How does faith affect our life? Is there good or bad faith? Derived from the Latin word   fides   and the old French word   feid   meaning trust and confidence, briefly put, faith is an abstract concept with real-life consequences. On a recent visit to my ancestral village of Saithal in the north Indian state of Uttar Pradesh, I witnessed thousands of people commemorating the martyrdom of Prophet Mohammad’s grandson Hussain in the battle of Karbala. The tragedy of epic proportions that took place in Karbala, Iraq, arguably on October 10, 680 AD is beyond the subject of this write-up. However, the faith-driven individuals from different religions participating in the rituals on Au
Read more

IT’S OFFICIAL: 2020 IS A RECESSION YEAR, THANKS TO COVID19

Image
No business sector would remain immune from the effects of COVID19 or Coronavirus IMF to open its US$1 trillion-vault for emerging economies as investors withdraw US$83 billion from low-income countries By Atique Naqvi The International Monetary Fund is expecting negative global economic growth in 2020 and the organization is ready to deploy US$1 trillion – its full lending capacity – in countries that are seeking financial assistance owing to COVID19. Investors have already removed US$83 billion from low-income and emerging economies since the beginning of COVID19 or Coronavirus outbreak, according to the IMF. Following a conference call with G20 Finance Ministers and Central Bank Governors, IMF’s Managing Director Kristalina Georgieva said: “The human costs of the Coronavirus pandemic are already immeasurable and all countries need to work together to protect people and limit the economic damage. This is a moment for solidarity, which was a major theme of the meeting
Read more