Wael El-Sayed

June salaries dissipate due to expense obligations and the Eid holiday.. Social expert Dr. Zoqan Obeidat stated that the Jordanian citizen is currently experiencing significant pressures due to the expenses of Ramadan and Eid al-Fitr. Now, with Eid al-Adha approaching and the need for essential items such as clothes, sweets, and gifts, the accumulation of expenses in a short period imposes greater burdens than they can bear. Obeidat told "Voice of Amman" that the salary in regular days is not sufficient, whether for retirees or non-retirees. "So, imagine how it is during the holidays and days that require additional expenses." Obeidat explained that the Eid requires specific expenses, and governments are accustomed to disbursing salaries before the Eid so that citizens can meet their needs. Obeidat pointed out that citizens will not be able to save part of their May salary for Eid expenses because there is a long period between them. Obeidat noted that whether the June salaries are paid or not, the crisis for Jordanians will be immense because they will have to wait 50 days for the next salary. Obeidat added that if the government does not disburse salaries before the Eid , "this means we will experience a 'gloomy' Eid without covering the expenses from July." He pointed out that, in both cases, the problem exists whether the June salaries are paid or not, but in principle, the government will not be able to disburse them in time for the Eid . #سندس_نوفل #Sondos_Nofal #News #Local_and_international_News #Scientific_News #Sports_and_Art_News #Press_and_Media #Journalistic_Editor #Journalist #Content Writer

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Project awards in the GCC defied regional and global challenges, surging 20.3 per cent year-on-year to reach $45 billion in the first quarter of 2024. This comes despite a recent International Monetary Fund (IMF) forecast slashing GCC economic growth to 2.4pc due to geopolitical tensions and oil production cutbacks. Read: https://lnkd.in/dPbaGds8

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#Oman FDI Soars by 45.1%! Incredible growth in foreign direct investment marks a strong Q2 2024 for the Sultanate, reflecting its thriving economy. 🌍✨ 🔗 Read the full story: https://lnkd.in/dcspVPNV #OmanEconomy #FDI #Investment

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#OPINION: The latest #SaudiVision2030 report gives more than 1,000 heads of state, thought leaders and policymakers attending World Economic Forum’s #SpecialMeeting24 in #Riyadh the much-needed context for Saudi’s transformation story, writes our editor Faisal J. Abbas.

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As we mark the 94th Saudi National Day, we reflect on this unique and historical era that the Kingdom of Saudi Arabia is experiencing. The bond between the people and our leadership has deepened over time, rooted in a shared history of unity under one flag. This bond, which has stood the test of time, is now guiding us towards a shared vision Vision 2030. We are living through a pivotal moment in our nation's history, a time that may be seen from the outside, but truly felt in the hearts of all Saudis. This is a period of great progress, as we work together to overcome challenges and achieve the ambitious goals of our vision. Each day feels like a step forward in building the future, and every morning we wake up with a sense of pride and gratitude for being part of such a transformative journey. We are in a time of construction, and we feel its significance growing stronger every day. This journey fills us with a profound sense of purpose, and as we look ahead to the golden era when Vision 2030 objectives are realized, we envision a future where our children will continue to carry this torch. They will build on the foundations we set today, driving forward a legacy of pride, honor, and achievement that extends far beyond what we can currently imagine. I am excited for that moment and strive every day to embrace the momentum of this transformation. While progress is swift, it challenges us to rise to the occasion and match its pace. We must stay ahead and continue pushing towards greatness.

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Entrepreneurialism is on the rise in Saudi Arabia as the economy rapidly diversifies. Economy Middle East reports that the Saudi Ministry of Commerce issued 78% more official business identification cards in the second quarter of 2024 - 121,521 in total - an increase of 68,222 against the same period last year. #Saudi #Arabia #Vision2030 #PrivateSector #Diversification #Entrepreneurs #Business

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Saudi Arabia has achieved the highest level of trust in the world, with 86% of citizens trusting their government. The 2024 Annual Barometer Index Report by Edelman, the leading global consulting and public relations firm, revealed the following. key findings:. > Saudis have a high level of trust (at 86%) in their government, which is the highest rate globally. Saudi Arabia also leads the global survey in the belief that innovation is well-managed. > In terms of trust in business, Saudi Arabia is among the world leaders with an impressive 78% of respondents expressing confidence in this institution. > More than 80% of Saudis place significant trust in government leaders and scientists, who they see as key partners in managing and regulating innovation. >The Kingdom ranks among the top countries globally for trust in AI regulation (56%), which highlights the country’s strong commitment to fostering and managing technological advancements effectively. By comparison, trust levels are much lower in other countries such as United States (24%), France and Japan (23%), the UK (18%), Germany (27%), and South Korea (28%). السعودية تتصدر مؤشر «إيدلمان» العالمي للثقة بقيادة بلادهم

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There are many concerns surrounding the ability of the US Federal Reserve to curb inflation, after its inability to reduce interest rates fixed in 8 consecutive cycles to their highest level since the start of the current tightening cycle in March 2022. With the start of the US presidential election campaign, the competition between the former president and Republican candidate Donald Trump and current President Joe Biden, and the monetary economic file highlights rich material that both candidates rely on in their campaigns, after they accused each other of causing a rise in the volume of #inflation in America. check the full article by clicking the link below: https://lnkd.in/dBEDmVM5

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#SaudiArabia will not be renewing the 50-year petrodollar agreement with the US, which expired on 9 June, 2024. Instead, they will be selling oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan. Additionally, the potential use of digital currencies like Bitcoin may also be considered This latest development signifies a major shift away from the petrodollar system established in 1972, when the US decoupled its currency from gold, and is anticipated to hasten the global shift away from the US dollar. This should be treated as a black swan event, with the financial world bracing for a significant upheaval. The times they are a-changin' 🎶 https://lnkd.in/dj6wVd2C #unitedstates #usa #ksa #currency #dollar

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Saudi Arabia recorded a budget deficit of SR15.34 billion ($4.09 billion) in the second quarter of 2024, bringing the year’s first-half shortage to 35 percent of the annual forecast set by the Ministry of Finance. The latest data indicates that the Kingdom is experiencing a lower-than-expected budget deficit for the year so far, indicating a shift in fiscal management or higher revenues than anticipated in the first half of 2024.

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Clarity, transparency, and enhanced rights local and foreign investors in #SaudiArabia are set to benefit greatly from the Updated Investment Law by the Ministry of Investment.

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Under the Patronage of the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud, the Future Investment Initiative (FII) 8th Edition is just over a month away! From October 29th to 31st, for three transformative days, themed "Infinite Horizons: Investing Today, Shaping Tomorrow," #FII8 promises to be a platform uniting global leaders, entrepreneurs, political figures, and decision-makers across diverse fields such as finance, AI, sustainability, energy, and geoeconomics to discuss and challenge the conventional limits and unlock new investment opportunities that can bridge current challenges with future possibilities. As a financial communications professional, I look forward to the value it will add through innovative ideas and actionable data-based strategies, igniting discussions that will catalyze a prosperous and sustainable future! #FII8 #FutureInvestmentInitiative #InfiniteHorizons #SustainableFuture #Investment #Leadership #Innovation

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OIA expands partnerships to nine countries MUSCAT: The Oman Investment Authority (OIA) has strengthened its global presence by establishing partnerships across nine countries, the latest of which is a $500 million joint investment fund with OYAK, Türkiye’s largest government fund.The new partnership, signed during His Majesty Sultan Haitham bin Tarik’s state visit to Türkiye, aims to invest in Oman and Türkiye while exploring opportunities with a broader global impact. It focuses on key sectors such as mining, the automotive industry, logistics, chemicals, agriculture and food, and energy, ensuring the transfer of technology and knowledge to Oman. Read more: https://lnkd.in/d56VA_ce Oman Investment Authority Ministry Of Economy Oman @FMofOman OYAK #OIA #OYAK #Oman #Türkiye #BilateralTrade #InvestmentFund #InvestmentRelations #OmanBiz

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HRH Prince Abdulaziz Bin Saud Al-Saud Co founder and CEO of barakah shared his visions and tip for creating a successful products at #Miskglobalforum. Learn more about his insights and who he is in my latest article on #Villa88. https://lnkd.in/dhG_DgG2

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English to Arabic Translators needed

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The Ministry of Investment of #SaudiArabia (#MISA) has released its #Saudi #Economic and #Investment #Monitor #report for Q3 2024. This report provides an overview of the latest developments in the #Saudi #economy and highlights key achievements related to investment in #SaudiArabia. ▪️The report highlights the continued growth of the #Saudi #economy, driven by #strong #performance in key sectors such as #tourism, #transportation, and #real #estate. It also highlights the government's ongoing efforts to #diversify the #economy and attract #foreign #investment. Key achievements mentioned in the report include the launch of several #new #investment #initiatives, the continued growth of the #Saudi #Stock #Exchange (#Tadawul), and the increasing number of #foreign #companies #establishing operations in #SaudiArabia.

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