logo
Saudi Arabia highlights women's economic gains at high-level GCC gender dialogue

Saudi Arabia highlights women's economic gains at high-level GCC gender dialogue

Al Arabiya7 hours ago

Saudi Arabia spotlighted its sweeping reforms and rising female workforce participation at a high-level GCC Gender Dialogue hosted in Dubai by the UAE Gender Balance Council and the World Bank.
The Kingdom participated in the regional peer exchange last week, joining officials from the UAE and Bahrain in a series of workshops and dialogue sessions aimed at sharing policy best practices to support women's participation in the workforce.
Representing Saudi Arabia, Dr. Hanadi Al-Hokair, General Director of Female Enablement at the Ministry of Human Resources and Social Development (HRSD), participated in the knowledge exchange session, where she presented the Kingdom's achievements and strategies for empowering women economically.
During the session, al-Hokair emphasized the rapid progress Saudi Arabia has made, noting a dramatic rise in women's labor force participation – from 17 percent in 2017 to over 36 percent today.
'This event is a timely moment to reflect on how far the Kingdom has come in advancing women's participation in the workplace, and to share real-world lessons and successful strategies on what drives progress with our peers in the Gulf from the UAE and Bahrain,' she said.
'Saudi Arabia has achieved unprecedented milestones in women's economic empowerment… surpassing our Vision 2030 targets.'
The event, led by the World Bank, included sessions on global best practices for gender-inclusive labor markets, including childcare policies, legal protections, and efforts to boost women's access in digital and green economy sectors.
It also featured insights on the upcoming Women, Business and the Law (WBL) index methodology, a World Bank tool that benchmarks gender-related regulatory progress.
Saudi Arabia's Vice Minister for Labor, Dr. Abdullah Abuthnain, echoed the Kingdom's commitment to long-term gender equity, stating:
'Women's economic empowerment is not merely a goal; it is a fundamental pillar for the Kingdom's long-term prosperity. In this spirit, the Ministry, in collaboration with government entities, national programs, and the private sector, has launched a series of structural reforms and initiatives since the launch of Saudi Vision 2030.'
'These reforms and initiatives, from equal pay legislation to transport support and maternity policies, have opened up real pathways for Saudi women to participate, progress, and lead in the workplace. We are proud to share our experience and to learn from our partners across the Gulf and the wider region.'
Among Saudi Arabia's reforms and initiatives highlighted were:
A rise in women holding mid- and senior-level management roles, now accounting for 44.1 percent, up from 28.6 percent in 2017, supported by leadership training in partnership with INSEAD, a non-profit business school.
The Parallel Training initiative, which has helped over 122,000 women find employment through more than 800 programs across 46,000 private sector partners.
The Wusool transport program, assisting more than 288,000 women with commuting to work.
Legislation promoting equal pay and anti-discrimination in hiring and promotions.
Expanded maternity leave to 12 weeks at full pay and increased access to childcare through the Qurrah initiative.
Regulatory reforms ensuring equal retirement benefits for women.
Support for modern work models such as freelance, remote, and flexible employment.
These efforts have collectively contributed to stronger workforce participation, retention, and leadership opportunities for Saudi women – positioning the Kingdom as one of the most dynamic labor markets for women in the region.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai's ISD Sports City partners with Real Madrid in landmark deal
Dubai's ISD Sports City partners with Real Madrid in landmark deal

Arab News

time24 minutes ago

  • Arab News

Dubai's ISD Sports City partners with Real Madrid in landmark deal

DUBAI: ISD Sports City has announced a landmark partnership with the Real Madrid Foundation to manage a new branch of the Real Madrid Foundation Educational Football Program in Dubai. For the latest updates, follow us @ArabNewsSport The deal was announced with a commemorative photograph taken with Daniels Petrovs, CEO of ISD Sports City, and the Real Madrid Ambassador Roberto Carlos, marking the official launch of the collaboration. Real Madrid Foundation will bring its unique program that combines education and sports to ISD's world-class facilities, already home to state-of-the-art pitches. These include the latest hybrid-generation football fields, with all-natural pitches slated for hybrid conversion by the end of the year, an upgrade that positions ISD as a premier destination for international teams and events. 'Dubai is increasingly becoming the global epicentre for sport and youth development,' said Petrovs. 'Partnering with the Real Madrid Foundation allows us to elevate our football offering to high-quality standards while giving children across the UAE access to an unique experience and facilities. 'Our goal is simple: to build a center of excellence that sets the benchmark globally.' Petrovs, who has led ISD for the past 15 months, brings his expertise in building modern sports facilities, including converting all pitches to hybrid surfaces and also embedding sustainability and performance into every inch of ISD's infrastructure.

Tadawul approves amended listing rules, procedures
Tadawul approves amended listing rules, procedures

Argaam

timean hour ago

  • Argaam

Tadawul approves amended listing rules, procedures

The Saudi Exchange (Tadawul) announced today, June 26, updates to its stock split mechanism, thus ensuring that changes in share quantities and nominal values are reflected in investors' portfolios immediately. In a statement on its website today, June 26, Tadawul said the CMA approved the updated listing rules, revised procedures for off-exchange trading of suspended companies' shares, and updated procedures for suspending trading of listed securities. Tadawul's board also approved amendments to trading and membership procedures. The changes aim to address the impact of nominal value splits and improve market efficiency by adjusting tick size structures across price ranges in the Main Market (TASI) and Nomu-Parallel-Market, excluding debt instruments. The updated rules and procedures took effect upon publication. Some provisions have specific effective dates: Subparagraph (8) of Paragraph (C), Article 37 of the amended Listing Rules and Subparagraph (6) of Paragraph (A) in the suspension procedures are valid from publication until June 30, 2025. Paragraph (3-12), Article 3 of the trading and membership procedures takes effect July 1, 2025, while Table (2), Subparagraph (8-1-1), Article 8 becomes effective June 29, 2025.

Tadawul announces amended tick size regime
Tadawul announces amended tick size regime

Argaam

timean hour ago

  • Argaam

Tadawul announces amended tick size regime

The Saudi Exchange (Tadawul) announced amendments to its minimal incremental price movement bands of traded securities on an order book (tick size bands) for the Main Market (TASI) and the Nomu-Parallel Market, excluding debt instruments. These changes, slated to come into effect as of June 29, further align Tadawul with best global practices, according to a statement. The new tick size regime introduces thinner price spreads. This is besides an additional band for securities priced at SAR 500 and above in order to maintain a sound minimum price variation. Earlier today, June 26, Tadawul canceled all outstanding orders after today's market close, ahead of the announcement of the amended tick size scales.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store