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In accordance with the Saudi Arabia Central Department of Statistics and Information (CDSI), unemployment rates of Saudi nationals decreased to 11.7% in 2015. It was 5.9% among men and 32.5% among women. [1] Saudi Arabia introduced the Hafiz program in 2011 which have benefited a million unemployed Saudis nationals.
The Saudi Council of Economic and Development Affairs is one of two subcabinets of the Kingdom of Saudi Arabia. It was established by King Salman to replace the Supreme Economic Council, and is led by the King Salman’s son and Crown Prince Mohammad bin Salman, who holds additional roles such as Defense minister. [1] [2]
This page was last edited on 24 January 2025, at 22:47 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
In 2015, Saudi Arabia introduced reforms in an attempt to fix its laws and protect foreign workers. [47] Saudi Arabia was exposed by The Sunday Telegraph for detaining African migrants in a drive to control COVID-19. The newspaper received graphic mobile phone images, showing the miserable condition of the detained migrants.
The Capital Market Authority (CMA; Arabic: هيئة السوق المالية) is the Saudi governments financial regulatory authority responsible for capital markets in Saudi Arabia. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.
The new conditions also include stipulations that will allow migrant workers to transfer to other jobs upon the expiry of their work contract without the need for their former employer's approval. The kafala system in Saudi Arabia previously tied workers to their employers, or sponsors, who are responsible for the employees’ visa and legal ...
Capital Market Authority (Saudi Arabia) Center for Government Communication (Saudi Arabia) Committee for the Promotion of Virtue and the Prevention of Vice (Saudi Arabia) Communications, Space and Technology Commission (Saudi Arabia) Cooperative Societies Council; Council of Economic and Development Affairs (Saudi Arabia)
Land Law addresses the legal mandates set forth by a country in regards to land ownership, while land rights refer to the social acceptance of land ownership. Landesa takes the stance that although the law may advocate for equal access to land, land rights in certain countries and cultures may hinder a group's right to actually own land. [ 2 ]