Over the past year, Saudi women have achieved many firsts.
Jood Al Harthi was the first woman to be appointed as political affairs officer at the Executive Office of the Secretary General of the UN in New York.
Saudi Arabia employed 34 women in senior positions at Makkah's Grand Mosque and the Prophet's Mosque in Madinah.
The first female recruits graduated from the Armed Forces Women's Cadre Training Centre last September.
Saudi Arabia hosted its first four-nation women’s international friendly football tournament.
And now Saudi women are moving into the tech sector, driving change as they work with AI and immersive technology such as metaverse and virtual reality.
“The progress in the industry has led to new and exciting opportunities for women in tech”, said Elaf Alsalman, a Lead 3D creative technologist at Emtech Lab at PwC Riyadh.
“Fields such as artificial intelligence, blockchain and cybersecurity are becoming increasingly accessible to women.”
Since his appointment in 2017, Crown Prince Mohammed bin Salman's sweeping reforms have allowed women to drive the kingdom's economy and play a key role in its move away from oil to embrace high-tech, creative and other specialised industries.
The Emtech lab team has a youth-driven culture, with creatives, developers and UX designers, working on core technologies such as virtual and augmented reality, AI, blockchain and robotics.
Ms Alsalman's work with young talent to support projects and proposals focuses on creating 3D modules for building prototypes that can solve industry problems and demonstrate the potential of new emerging technologies.
The Emtech Lab's research and development centre works with regional and global tech firms, start-ups and universities to create more localised experiences by creating rapid prototypes for various industries.
“Disruptive innovation is a critical goal for our lab, and for most start-ups appearing all over the kingdom”, Ms Alsalman said.
Women 'shining' in tech world
In January, the Minister of Human Resources and Social Development, Ahmed Al Rajhi, said that Saudi women now comprise 37 per cent of the workforce in the kingdom.
In 2016, women accounted for only 17.7 per cent of the workforce.
In a report by Endeavor Insight, Saudi Arabia had a higher percentage of women working in tech start-up companies than Europe. In the third quarter of 2021, the participation of women in Saudi Arabia in the tech sector was recorded as 28 per cent, more than 10 per cent above the European average rate of 17.5 per cent.
The study also showed that Saudi Arabia has a higher percentage of women in tech start-ups than men.
These women are supported by a growing venture capital industry, attracted to the kingdom by a young consumer market and strong support for start-ups, said Hanaa Almoaibed, research fellow at King Faisal Centre for Research and Islamic Studies.
“And women who are willing to take the risk are shining.”
The empowerment of Saudi Arabian women is at the heart of the kingdom’s ‘Vision 2030’ reform programme with the stated aim of increasing women's participation in the job market from 22 per cent to 30 per cent.
“The landscape has shifted significantly, resulting in more women pursuing careers in the tech industry and an increased representation of women in leadership positions”, said Ms Alsalman.
As a result, the kingdom was able to issue 139,754 new commercial licences to women in 2021.
“Let's not forget that there are many barriers to women in tech across the globe and an enduring gender imbalance in Stem [science, technology, engineering and maths], but industry leaders are adamant that diversity will lead to better products”, Ms Almoaibed told The National.
“As this space opens up and we get to know more role models, the whole world will benefit from a more balanced approach to the role tech plays in our lives.”
After King Salman came to the throne, the government’s scholarships programme underwent further transformations to reflect the kingdom’s Vision 2030 reform agenda. Last year, Prince Mohammed launched a new strategy to restructure the kingdom’s scholarship programme for Saudi students studying abroad.
From providing Stem scholarships to launching technology-focused development programmes and government hackathons, the country has invested heavily in empowering female entrepreneurs and fostering a more diverse and inclusive tech industry.
“In tech, there is generous support for women entrepreneurs from various government entities. You'll see that many local companies, banks and MNCs [multinational corporations] are launching women in tech programmes across the kingdom”, said Ms Almoaibed.
“There is so much momentum.”
Last month, the kingdom hosted the largest tech event in the world, the Leap 2023 conference in Riyadh, where it announced that $24.7 billion would be spent on technology by 2025.
With the trajectory seen of the fast-paced sector of technology and the adoption of AI and the metaverse, this may only be the beginning for the kingdom, and for its women, and the possibilities for growth seem endless.
UAE currency: the story behind the money in your pockets
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
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The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE