Latest news with #SR120
Gulf Insider
26-04-2025
- Politics
- Gulf Insider
Saudi Arabia, Kuwait Ban Graduation Ceremonies Outside Schools
Saudi Arabia and Kuwait have banned graduation ceremonies outside educational institutions, a move seen as aimed at easing financial pressure on students' families. The Saudi Ministry of Education has issued a decree limiting such events to school premises and under specific regulations, according to media reports. Similarly, Kuwaiti Minister of Education Jalal Al Tabtabaei decreed that ceremonies — whether marking graduation, academic distinction, or other occasions — should be held within school premises only, and not outside. The decree directed school administrations to coordinate and hold such celebrations in accordance with the relevant regulations approved by the ministry. According to Kuwaiti newspaper Al Seyassah , citing informed sources, the decree was preceded by an extensive study covering the expected repercussions and cautious reactions, particularly from private and foreign schools in the study concluded that the decree will be applied to all schools in Kuwait. Saudi education advisor Fawzia Al Waqit commended the decision as 'wise.' In remarks to TV channel Al Saudiya , she pointed to violations at some graduation ceremonies, noting they had turned into expensive events. According to her, some halls where such celebrations are held cost nearly SR120,000, paid for by parents — not to mention the expenses for graduation gowns and food. Such extravagance, she added, may make some students feel marginalised and lead to unhealthy comparisons among graduates. 'The decision comes within the framework of the ministry's commitment to fairness and equal opportunities among students, and preserving the educational objectives of graduation ceremonies,' she said.
Gulf News
26-04-2025
- Politics
- Gulf News
Saudi Arabia, Kuwait ban graduation ceremonies outside schools
Cairo: Saudi Arabia and Kuwait have banned graduation ceremonies outside educational institutions, a move seen as aimed at easing financial pressure on students' families. The Saudi Ministry of Education has issued a decree limiting such events to school premises and under specific regulations, according to media reports. Similarly, Kuwaiti Minister of Education Jalal Al Tabtabaei decreed that ceremonies — whether marking graduation, academic distinction, or other occasions — should be held within school premises only, and not outside. The decree directed school administrations to coordinate and hold such celebrations in accordance with the relevant regulations approved by the ministry. According to Kuwaiti newspaper Al Seyassah, citing informed sources, the decree was preceded by an extensive study covering the expected repercussions and cautious reactions, particularly from private and foreign schools in the country. The study concluded that the decree will be applied to all schools in Kuwait. Saudi education advisor Fawzia Al Waqit commended the decision as "wise." In remarks to TV channel Al Saudiya, she pointed to violations at some graduation ceremonies, noting they had turned into expensive events. According to her, some halls where such celebrations are held cost nearly SR120,000, paid for by parents — not to mention the expenses for graduation gowns and food. Such extravagance, she added, may make some students feel marginalised and lead to unhealthy comparisons among graduates.
Arab News
25-03-2025
- Business
- Arab News
Saudi Arabia launches incentives package to attract FDI in mining sector
RIYADH: Saudi Arabia has launched a new incentive package to attract foreign direct investments into the nation's mining sector as the Kingdom steadily continues its economic diversification efforts. According to a Saudi Press Agency report, the Ministry of Investment is collaborating closely with the Ministry of Industry and Mineral Resources through an exploration enablement program aimed at simplifying investments in the mineral exploration industry. This initiative is also part of the Kingdom's efforts to enhance exploration and create an attractive investment environment for local and international mining companies. Speaking at the Future Minerals Forum in Riyadh in January, Saudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef said that the nation seeks to promote exploration opportunities across 5,000 sq. km of mineralized belts in 2025, aligned with the country's broader plans to establish mining as the third pillar of its industrial economy. During the same event, Abdulrahman Al-Belushi, deputy minister for mining development at the Ministry of Industry and Mineral Resources, said that the Kingdom is projected to invest SR120 million ($32 million) in 2025 as mining incentives aimed at supporting companies with the right technical expertise. Attracting international investments in the mining sector also aligns with Saudi Arabia's ambitious goal to secure $100 billion a year in FDI by the end of this decade. The latest collaboration between both ministries follows the granting of exploration licenses for multi-mineral sites in Jabal Sayid and Al-Hajjlah. The licenses cover a total area of 4,788 sq. km. and companies are expected to spend approximately SR366 million ($97.6 million) on exploration over the next three years. In 2024, Saudi Arabia revised upward estimates for its untapped mineral resources to $2.5 trillion from a 2016 forecast of $1.3 trillion. In January, the Saudi Cabinet also authorized the Kingdom's Ministry of Industry and Mineral Resources to sign a cooperation agreement with the World Economic Forum to implement a project aimed at securing critical minerals for development. In the same month, Saudi Arabia also allocated five sites for establishing mining complexes in the Makkah and Asir regions as part of the Kingdom's strategy to attract quality investments, enhance transparency, and support local communities.
