Tue, 21-Oct-2025

Saudi unemployment rate remains unchanged at 11.3% in third quarter

Saudis

RIYADH: The jobless rate among Saudis remains unchanged at 11.3 per cent in the third quarter, Arab News quoted official data from Gastat. While unemployment was unchanged in total, the data showed that both male and female jobless rates among Saudi experienced a slight drop. Unemployment in men fell 0.2 per cent to 5.9 per … Read more

US investment bank to open Riyadh office, hire Saudis

Riyadh

RIYADH: US investment bank Moelis and Co plans to open an office in the Saudi capital Riyadh and will soon begin hiring staff in the kingdom, Bloomberg reported. The New York-based company sees the kingdom attracting more foreign investors and benefiting from an “energy supercycle,” Vice Chairman Eric Cantor said in an interview. The boutique financial adviser, … Read more