Saudi Arabia
![Dell Technologies, Aramco, NITA ink agreement to upskill Saudi talent](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Dell-Technologies-Aramco-NITA.jpeg/w=1024,h=683)
Program aims to arm local Saudi talent with the skills and knowledge required to excel and thrive in today’s data-driven world
![Saudi Arabia raises retirement age to 65 in new social insurance law](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabia-retirement-age.jpg/w=1024,h=683)
GOSI stated that the statutory retirement age for individuals affected by the amendments would range between 58 and 65 years
![Saudi Arabia wins presidency of Arab Civil Aviation Organization executive council](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/ACAO.jpg/w=1024,h=683)
Saudi Arabia supports the organization's 'No Country Left Behind' initiative with $1 million of funding
![Saudi Arabia’s bank deposits surge to record $237 billion in May](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-Arabia-deposits.jpg/w=1024,h=683)
Time and savings deposits in Saudi Arabia's banking system grew 3 percent since the beginning of the year
![Saudi Arabia’s unemployment rate stabilizes at 3.5 percent in Q1: GASTAT](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/07/Saudi-unemployment.jpg/w=1024,h=685)
The unemployment rate for Saudi females rose to 14.2 percent in Q1 2024, up from 13.9 percent in the previous quarter
![Saudi Arabia’s capital market raises $8 billion from 70 sukuk, debt instrument listings in 2023: Report](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-capital-market.jpg/w=1024,h=683)
Saudi Arabia saw record high net foreign investments, which rose 7.7 percent annually to $52.78 billion in 2023
![Saudi Arabia, U.K. explore opportunities in sustainable city development, green energy](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/U.K.-Saudi-Arabia.jpg/w=1024,h=683)
Saudi Arabia's Ambassador to the U.K. highlighs the growth of debt markets and insurance companies across the Kingdom
![Saudi Arabia strengthens economic ties with Switzerland at financial dialogue](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-Switzerland.jpeg/w=1024,h=683)
Switzerland is one of Saudi Arabia's notable trading partners with over 100 companies in the Kingdom
![Saudia among top airlines globally for on-time arrival, departure](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudia.jpg/w=1024,h=683)
King Khalid International Airport ranked first globally with an on-time performance of 88.23 percent
![Saudi Arabia ranks 1st globally in cybersecurity on 2024 World Competitiveness Yearbook](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-cybersecurity.jpg/w=1024,h=683)
Kingdom also secured top spot in areas like long-term employment growth, social cohesion and long-term labor market growth
![Saudi Arabia’s GDP grows 1.4 percent in Q1 2024, non-oil activities up by 3.4 percent YoY: GASTAT](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Arabia-GDP.jpg/w=1024,h=681)