Three children injured by Houthi shelling on Jazan in southern Saudi Arabia

File photo showing Saudi border guard stationed on the Saudi-Yemeni border. (AFP)
Updated 09 February 2018
0

Three children injured by Houthi shelling on Jazan in southern Saudi Arabia

Three children were injured in Jazan in southern Saudi Arabia.
The spokesman for the Saudi-led coalition Lt Col Turki Al-Maliki said that Houthi militants “intentionally targeted civilians in Al-Arda in the Jazan province”.
Al-Maliki added that three children were injured as a result of the falling shells. Col Al-Maliki reiterated that Houthi militia supported by Iran continues its campaign targeting civilians in a clear violation of international laws and those principles governing the respect of civilians in conflict.
 


Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

Saudi Arabia’s capital Riyadh landscape at night. (Shutterstock)
Updated 23 min 34 sec ago
0

Saudi Vision 2030 ‘will boost competitiveness,’ WEF says

LONDON: Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report.
However, a number of countries are innovating and creating new solutions to previously existing barriers to competitiveness, the report noted.
Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan, while the UAE has increased equity investment in technology firms from $100 million to $1.7 billion in just two years.
Bahrain is piloting a new flexi-permit for foreign workers to go beyond the usual sponsorship system that has segmented and created inefficiencies in the labor market of most GCC countries.
The report found that, despite huge improvements in infrastructure and technology adoption, government-led investment in the Arab world has not been sufficient to encourage private sector participation on a wide scale.
The WEF report, written in conjunction with the World Bank Group, outlines recommendations for Arab countries to prepare for a new economic context, better education opportunities and increased social mobility.
“We hope that the 2018 Arab World Competitiveness Report will stimulate discussions resulting in government reforms that could unlock the entrepreneurial potential of the region and its youth,” said Philippe Le Houérou, IFC’s CEO.
“We must accelerate progress toward an innovation-driven economic model that creates productive jobs and widespread opportunities.”
The report states that the way toward less oil-dependent economies for the Arab region is through robust macroeconomic policies that facilitate investment and trade, promotion of exports, improvements in education and initiatives to increase innovation among firms.