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Jadwa Investment

Jadwa Investment News

Tony Douglas, CEO of Riyadh Air

Riyadh Air set to spark price war among regional rivals

Saudi Arabia’s new national airline is bound to intensify the rivalry between Gulf carriers, analysts have said, and price wars are likely. Riyadh Air, which is wholly owned by the kingdom’s Public Investment Fund, was launched on Sunday and will be run by aviation veteran Tony Douglas. The carrier’s first international flight will take off […]

Saudi women entering the workforce tend to have higher educational qualifications than their male counterparts, suggesting they may secure well-paid jobs

Growing female workforce helps drive Saudi economy

Saudi Arabia’s non-oil economy is forecast to grow by more than 5 percent this year, driven in part by an influx of women joining the country’s workforce. Expansion of the female labour force has been described as “one of the stand-out successes” of the kingdom’s Vision 2030 programme and shows no signs of slowing.  The […]

Abdulaziz bin Abdulrahman Al-Arifi

New CEO named for Saudi’s $1.3trn private sector push

A new CEO has been appointed to the Private Sector Partnership Reinforcement Program which aims to facilitate investments of $1.33 trillion from Saudi private sector businesses by 2030. Abdulaziz bin Abdulrahman Al-Arifi, advisor to the Secretariat General of the Cabinet and a former CEO of finance at Jadwa Investment, has been hired to lead the […]

Saudi Arabia, the world's top oil exporter, will reap the benefits of rising oil prices

Higher oil prices ease budgetary woes

Surging oil prices in 2022 mean most Middle East and North African (MENA) oil producers can look forward to recording a surplus this year – often after running budget deficits and, on occasion, plundering their sovereign wealth funds. In 2020, as demand collapsed on the back of the pandemic, Brent crude averaged just $42 a […]