Women to constitute 28% of Saudi Arabia's work force by 2020

The Ministry of Labor and Social Development aims to reduce the unemployment rate among women with its work from home program. (AFP)
Updated 15 March 2017

Women to constitute 28% of Saudi Arabia's work force by 2020

JEDDAH: The Ministry of Labor and Social Development said that its work from home program is set to create about 141,000 jobs by 2020 and added that it expects that the percentage of women in the Saudi workforce will increase to 28 percent by the same year.
The ministry’s program is part of the National Transformation Program 2020 and one of the main methods geared toward providing adequate job opportunities for citizens, especially women and those with disabilities and job seekers in fields with less opportunities.
The ministry said in a statement that the main aim of the program is to reduce the unemployment rate among women, the percentage of which is higher than the unemployment rate among men due to several social obstructions, including the difficulties women face in commuting and familial responsibilities at home.
The program is expected to contribute to the creation of jobs outside the three main cities of the country and is also expected to increase the participation of women in the local labor market as it will provide flexible working hours and spare them from having to commute to work.
The ministry’s initiatives come within the first phase of the National Transformation Program 2020 that is being implemented in partnership with the Council of Economic Affairs and Development and 18 other government entities.


Tadawul index records highest close since July 2019 on Sunday

Updated 30 November 2020

Tadawul index records highest close since July 2019 on Sunday

  • Total trading reached $3.17 billion

Saudi Arabia’s benchmark Tadawul All Share Index (TASI) rose 0.2 percent, or 15 points, to end at 8,709 points on Sunday, the highest closing since July 2019.

Total trading reached SAR 11.9 billion ($3.17 billion), with the advance-decline ratio at 146:44.

SPIMACO rose 5.5 percent to SAR 43.05. The company signed a non-binding memorandum of understanding with German biopharmaceutical firm, CureVac, to provide COVID-19 vaccine in the Kingdom.

Electrical Industries closed 5.6 percent higher at SAR 24.26, as the firm completed the final phase of share buyback for SAR 7.2 million.

Naseej went limit up to close at SAR 33.

Oil giant Saudi Aramco fell 0.4 percent to SAR 35.75, while banking major Al Rajhi slipped 0.3 percent to SAR 74.

Blue chip SABIC edged down 0.3 percent to SAR 96.50.

Alandulas was the top decliner, shedding nearly 2 percent to SAR 21.08.

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