Fintech PR
Saudi Cabinet Ministers, High Level Officials Focus on Local and International Dynamics at the Inaugural Global Labor Market Conference
- Minister of Communication Credits Kingdom’s AI Successes to Personal Emphasis by HRH Crown Prince Mohammed bin Salman
- Minister of Tourism Shares the National Tourism Strategy has delivered 250,000 new jobs, on track to target of 1 million
- Minister of Investment Says Fostering of local talent is a top priority
- Minister of Economy and Planning elaborates on goals of talent attraction
RIYADH, Saudi Arabia, Dec. 13, 2023 /PRNewswire/ — Saudi cabinet ministers and high-level officials highlighted developments related to Saudi and international labor markets at the inaugural Global Labor Market Conference (GLMC) in Riyadh, Saudi Arabia.
After having presided over GLMC’s opening ceremonies, H.E. Minister Ahmad bin Sulaiman Al-Rajhi, Minister of Human Resources and Social Development continued addressing issues related to the Saudi Labor Market, particularly the Kingdom’s successful job creation efforts. The minister highlighted recent achievements, including the increase in Saudis employed in the private sector from 1.7 million to 2.3 million, a new record for the Kingdom. Additionally, H.E. Minister Al-Rajhi lauded Saudi Arabia’s successes in integrating Saudi women into labor markets, increasing from 17.7% to 35.5%, already exceeding the goal originally set in the Kingdom’s Vision 2030.
The minister went on to attribute this success to the Kingdom’s localization policies, which have contributed to the creation of approximately 260,000 jobs, with notable increases in the engineering sector, from 40,000 to 70,000, and the accounting professions which grew from 39,000 to 103,000. In addition to localization, H.E. Minister Al-Rajhi cited a number of programs aimed at fostering entrepreneurship within the Kingdom, including the provision of loans and workspace, as well as relaxed visa requirements and exemptions for entrepreneurs.
Sessions of the first day featured participation of a number of additional Saudi Ministers, including H.E. Abdullah Al-Swaha, Minister of Communication and Information Technology, who was the featured speaker in a segment “Developing a Workforce for Next-Generation Technologies.” H.E. Minister Al-Swaha spoke of the potential hindrances posed by the incoming proliferation of artificial intelligence technologies, a risk addressed by the Kingdom through partnerships. Among these includes a relationship with online learning platform Coursera, which ensures all new generations have knowledge of AI. In particular, H.E. Minister Al-Swaha credited the Kingdom’s success in the AI sector to the efforts of His Royal Highness Crown Prince Mohammed bin Salman, who considers it a personal priority.
Later, H.E. Ahmed Al-Khatib, Minister of Tourism emphasized the importance of the tourism sector in facilitating knowledge exchange across cultures. According to the minister, this is likely to only grow as the Kingdom continues toward the goals outlined in the National Tourism Strategy. Among them include efforts to raise tourism’s contribution to Saudi GDP from 3% to 10%, a target that will require the creation of approximately 1 million new Saudi jobs, 250,000 of which have already been created.
In a fireside chat titled “Driving Investment, Catalyzing Impact for Workforce Opportunities,” H.E. Khalid Al-Falih, Minister of Investment, stated, “In KSA, we focus on creating job opportunities for Saudis without compromising competitiveness and private sector enterprises.” He continued, “We’re not just about capital and resources but showcasing Saudi talent as a competitive and leading force.”
Finally, among ministers, Day 1 of GLMC featured a conversation with H.E. Faisal F. Alibrahim, Minister of Economy and Planning. He spoke of the importance of productivity, describing the focus on increasing GDP not merely as an end unto itself, but an effort to create “a highly skilled workforce, an innovative environment, and better standards of living.” In his remarks he focused on the challenges posed by the advent of artificial intelligence, saying, “The changes in technology we’re witnessing today will almost disrupt every sector. We can be a part of that group of authors who will define what that’ll look like, or we can be a part of the early adopters who can benefit from those changes.”
The ministers featured in day one of the inaugural GLMC were among a strong line-up of over 120 participants, who over the course of the day two summit will continue appearing in numerous keynote addresses, informational panels, fireside chats, and breakout sessions concerned with all aspects of the challenges and opportunities facing labor markets.
For more information, visit globallabormarketconference.com.
For media inquiries, contact [email protected].
About the Global Labor Market Conference
The Global Labor Market Conference is a platform that aims to convene experts, specialists, and representatives of labor market stakeholders to engage in discussions about current and future international market challenges and propose innovative solutions to address them. Launched in Riyadh by the Ministry of Human Resources and Social Development of the Kingdom of Saudi Arabia, this annual conference seeks to establish a forum for the exchange of ideas, collaboration, and as a driving force for positive changes in labor practices on a global scale.
The event will gather Excellencies, the Ministers of Labor from G20 countries, leaders of pertinent international organizations, high-ranking officials, and figures from government and private sectors worldwide. It will also draw participation from major investors in both local and international private sectors. The conference’s primary focus will be on policies and best practices related to labor markets, while emphasizing the pivotal roles of employers and governments in shaping a harmonious and inclusive labor market.
In addition to the core conference program, which will delve into topics concerning the future of labor markets, the ongoing transformations in the world of work, and the influence of globalization, several ancillary activities will take place. These will include specialized workshops, diverse events, the signing of numerous memorandums of understanding and agreements, and the recognition of distinguished institutions and organizations within the labor market through the “Labor Award.”
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
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An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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