scholarly journals A Robust Measure of Core Inflation in Saudi Arabia: Empirically Investigating the Trimmed Mean and the Median CPI

2022 ◽  
Vol 14 (2) ◽  
pp. 23
Author(s):  
Soleman Alsabban ◽  
Bander Alghamdi ◽  
Saud Altamimi
Keyword(s):  
Saudi Arabia ◽  
Structural Changes ◽  
Energy Prices ◽  
Trimmed Mean ◽  
New Era ◽  
Core Inflation ◽  
The Core ◽  
Vision 2030 ◽  
The Government ◽  
New Policies

The headline inflation in Saudi Arabia is subject to dramatic changes caused by new policies as the economy is undergoing structural changes since 2016. These changes could mislead policymakers as the underlying inflation may differ from the headline one. Since the announcement of Saudi Vision 2030 in April 2016, the Saudi economy entered a new era where the government has started to reform the economy to reduce its dependence on oil. As a result, many initiatives have been implemented with different impacts on the headline inflation such as imposing new taxes and expat levies and reforming energy prices. This research aims to calculate the core inflation in Saudi Arabia using two different methods: Trimmed Mean, and Median CPI. These two different methods were assessed based on their ability to track trends in the headline inflation over time as measured by the root mean square error and it ability to predict the future headline inflation.

Role of foreign direct investment – As a strategic move towards growth, economic integration and development

2021 ◽  
pp. 002072092199659
Author(s):  
Rima H BinSaeed
Keyword(s):  
Saudi Arabia ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Vital Role ◽  
Foreign Investors ◽  
Technological Infrastructure ◽  
Industrial Sectors ◽  
Vision 2030 ◽  
International Investors ◽  
The Government

Kingdom of Saudi Arabia with its developed economy and advanced technological infrastructure has shown a major progress in business opportunities for overseas investors. Saudi Arabia’s education sector is one of the most attractive investment opportunities for the foreign investors Earlier in 2019, 9 new foreign education enterprises were granted investor licenses, amounting to a total of $141mn of investment deals. The Saudi government introduced Saudi Vision 2030, an aspiring development plan that foresees vital prospects for foreign investors in the regions of education, housing, health and energy, amongst others. In 2016, Saudi Arabia permitted the procurement of 100% of assets by foreign investors in retail and wholesale trade. A privatisation program has also been introduced. The government also attempts to attract FDI in the regions of renewable energy and entertainment. A foreign direct investment (FDI) plays a vital role in local and international economy. Several opportunities and ventures are encouraged by Saudi Arabia to improve the standard of business and economical environments. To accomplish the finances for the projects SAGIA, the lawful authority is there to smooth the progress of investments, which encourages Saudi FDI prospective to grow simultaneously. FDI has a greater scope for diverse businesses and investing in to underdeveloped industrial sectors. FDI plays an important role in boosting the economy of Saudi Arabia by managing international investors who shares the huge portion of 34% in General GDP (Gross domestic product) of Saudi Arabia. This paper aims to review the literature to shed light on the steps taken by the government to increase FDI in the country and what are the current trends that are helping to fulfil VISION 2030.

scholarly journals Adopting and Implementing a Government Cloud in Saudi Arabia, an Integral Part of Vision 2030

10.29007/848q ◽  
2019 ◽  
Author(s):  
Mohammed O. Alannsary ◽  
Yasser M. Hausawi
Keyword(s):  
Cloud Computing ◽  
Saudi Arabia ◽  
Resource Sharing ◽  
Cost Reduction ◽  
Software As A Service ◽  
Government Sector ◽  
Vision 2030 ◽  
The Government ◽  
Cloud Users

Cloud computing is a relatively mature and robust technology that has promised its users with several proven advantages, such as cost reduction, immediate scalability, and resource sharing. The Cloud is built based on providing resources as services, such as providing Infrastructure, Platform, and Software as a Service. Such approach enables Cloud users to access these services based on their demand. In the government sector of Saudi Arabia, adoption and utilization of the Cloud is minimal. Despite being adopted officially, the Cloud has not been yet implemented properly. In our work we introduce how the government sector in Saudi Arabia can adopt and implement a Cloud Solution through utilizing its services and while considering issues related to its security.

Norway’s new government will favour continuity

2021 ◽  
Keyword(s):  
Financial Markets ◽  
Climate Policy ◽  
Energy Prices ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
The Core ◽  
Eu Membership ◽  
The Government

Significance The Labour, Centre and Socialist Left parties together hold a majority of parliamentary seats. Labour and Centre seem certain to form the core of the government; they might rule as a minority if they cannot bridge disagreements with the more radical Socialist Left over tax and climate policy. Impacts The election represents the best result for anti-EEA parties since Norway’s 1994 vote to reject EU membership. A sustained downturn in global financial markets could reduce the spending resources of Norway’s huge sovereign wealth fund. European demand for Norwegian gas will increase amid rising energy prices across Europe, partially caused by reduced production.

scholarly journals Addressing the Burden of Non-communicable Diseases: Saudi Arabia’s Challenges in Achieving Vision 2030

2021 ◽  
pp. 34-44
Author(s):  
Fahad Albejaidi ◽  
Kesavan Sreekantan Nair
Keyword(s):  
Saudi Arabia ◽  
Relevant Literature ◽  
Communicable Diseases ◽  
Control Measures ◽  
Local Health ◽  
Non Communicable Diseases ◽  
Critical Issues ◽  
Vision 2030 ◽  
The Government ◽  
And Control

Non-communicable diseases (NCDs) pose critical challenges in achieving Saudi Arabia's Vision 2030. This paper provides an overview of NCDs in Saudi Arabia and identifies various critical issues and challenges in reducing the burden of NCDs. All relevant data for this paper was extracted from existing published literature in various database including Medline, Scopus, ScienceDirect and PubMed. Google Scholar search engine was used to identify papers and reports on relevant literature published after the year 2000. NCDs account for about 73% of all deaths in Saudi Arabia. Deaths due to cardiovascular diseases account for 37% of all deaths, cancers 10%, diabetes mellitus 3% and other NCDs cause 20% of all deaths. Economic costs of NCDs likely to increase with the undesirable life style of youths and increasing share of old population. Further, the shortage of local health workforce, lack of primary health care focus and covid-19 pandemic are likely to affect the government efforts to prevent and control NCDs. Ministry of Health (MOH) needs to play a catalyst role in raising awareness of population through multi-sectoral linkages and policies to reduce the exposure to NCD risk factors. There is a need to review all relevant policy documents to ensure consistency of these policies with prevention and control measures of NCDs.

Zakat and taxes in the Kingdom of Saudi Arabia

2021 ◽  
Vol 1 (2) ◽  
pp. 50-89
Author(s):  
Walaa Abazaid
Keyword(s):  
Saudi Arabia ◽  
Islamic Law ◽  
National Income ◽  
Kingdom Of Saudi Arabia ◽  
Tax System ◽  
Vision 2030 ◽  
Ministry Of Finance ◽  
The Government

Within the framework of Vision 2030, the Kingdom of Saudi Arabia strives to achieve good national income through an effective tax system. This tax system in the Kingdom of Saudi Arabia encompasses taxes that are inflicted by the government and zakat imposed by Islamic law. The tax and zakat system in the Kingdom of Saudi Arabia is supervised by the General Authority for Zakat and Income and operates under the authority of the Ministry of Finance, but the authorities responsible for looking into tax disputes still confront problems and difficulties during the performance of their work, especially in disputes related to sharia consulting. Since the importance of the tax and zakat fund in the Kingdom of Saudi Arabia is great and the relatively high imports it achieves, the aim of this research is to study the structure of the tax and zakat system and the mechanism of work of the bodies responsible for settling tax and zakat dispute by relying on literary reviews of previous researches and official publications allocated for the General Authority for Tax and Zakat, besides the laws correlated to the tax and zakat system in the Kingdom of Saudi Arabia. The research concluded that there are a set of weaknesses in the mechanism of work of the authorities and committees who are responsible for deciphering tax and zakat disputes, and a set of proposals have been proposed to improve the performance of these committees.

Nationalisation of Health Workforce in Saudi Arabia’s Public and Private Sectors: A Review of Issues and Challenges

2021 ◽  
pp. 097206342110352
Author(s):  
Fahad Albejaidi ◽  
Kesavan Sreekantan Nair
Keyword(s):  
Saudi Arabia ◽  
Workforce Development ◽  
Health Workforce ◽  
Kingdom Of Saudi Arabia ◽  
Public And Private ◽  
Strategic Initiatives ◽  
Vision 2030 ◽  
Health Workforce Development ◽  
The Government ◽  
Delivery Of Health Services

Presently, Saudi Arabia depends largely on expatriate health workforce for delivery of health services. This article provides an overview of Saudization policy introduced by the Kingdom of Saudi Arabia and analyses its underlying impact on health workforce in public and private sectors. It also examines key strategic initiatives undertaken by the government for health workforce development and challenges of replacing expatriates in the country as envisaged in the Vision 2030. There are concerns about low participation of females in nursing, mainly due to a poor image attached to the profession, and further exacerbated by religious and cultural factors. There is a strong need to adopt a health workforce development policy that integrates local culture, values and social ties. Government needs to follow a multipronged approach to change the mindset of citizens to take up health care jobs, particularly nursing and pharmacist professions.

scholarly journals A Foresight Study about the Skills and Competencies Needed for Quality Professionals in 2030: An Empirical Study of Saudi Arabia

2020 ◽  
Vol 10 (5) ◽  
pp. 6176-6182
Author(s):  
M. Touahmia ◽  
M. Aichouni ◽  
A. Alghamdi ◽  
L. Kolsi ◽  
H. Alzamil
Keyword(s):  
Saudi Arabia ◽  
Validity And Reliability ◽  
Web Based ◽  
Policy Makers ◽  
New Era ◽  
Business Environments ◽  
The Future ◽  
Future Data ◽  
Vision 2030 ◽  
Set Up

This paper presents the results of a foresight study examining the future knowledge, skills, and competencies required by quality professionals to meet the goals and objectives of the Saudi Vision 2030. The study aims to develop a methodology allowing the forecasting of skills and competency demands in the future. Data collection was conducted through the design of a web-based questionnaire that was distributed online to academic and quality management specialists in Saudi Arabia. The questionnaire consisted of four sections and forty items aiming to identify the necessary competencies that quality professionals should develop to deal with the changing business environments. The validity and reliability of the questionnaire were confirmed by Cronbach’s alpha and the data were analyzed using descriptive tests (mean and standard deviation). One-way ANOVA method was also used to test the significant differences in participants’ attitudes. The results of the study clearly emphasize on the emerging need for new effective skills to face this new era of the rapid pace of technological changes. The outcomes of this study may be used by policy-makers, local authorities, employers, academics, and researchers to set up future-oriented education and training policies to bridge the gap between skills demand and supply which arises out of labor market changes.

scholarly journals King Abdulaziz University Approach to Develop Financial Resources

2021 ◽  
pp. 1-15
Author(s):  
Abdulrahman Obaid AI-Youbi ◽  
Adnan Hamza Mohammad Zahed
Keyword(s):  
Saudi Arabia ◽  
Public Universities ◽  
Financial Resources ◽  
The Public ◽  
Study Programs ◽  
King Abdulaziz University ◽  
Vision 2030 ◽  
The Government ◽  
The Cost

AbstractSaudi universities have benefited a lot from the budgets provided by the government to universities in order to encourage education and spread it among the various groups of Saudi society. The public universities in Saudi Arabia, since their establishment, provide education to their students free. Based on the Saudi Vision 2030, and the new Saudi universities by-law 2020, universities can now establish their own endowments and companies, and to get revenues from the cost of the study programs, diplomas, courses, and services provided.

Assessment of Academic Performance: A Shared Experience From Jazan Faculty of Medicine, Saudi Arabia and a Proposal for Systematic Monitoring and Evaluation

2021 ◽  
Author(s):  
Ibrahim Gosadi ◽  
Anwar Makeen ◽  
Vikrant Panjwani
Keyword(s):  
Saudi Arabia ◽  
Academic Performance ◽  
Low Cost ◽  
Monitoring And Evaluation ◽  
Teaching Staff ◽  
Academic Activities ◽  
Teaching Research ◽  
Utilization Data ◽  
Vision 2030 ◽  
The Government

Abstract ObjectivesIn 2016, the government of Saudi Arabia announced its ambitious transformation vision, Saudi Arabia Vision 2030, where a new Universities System was established. The new system aims to reduce bureaucracy in the academic environment and enable objective measurement of performance via the utilization of Key Performance Indicators (KPIs).One of the challenges is related to difficulties in assessing the academic performance of faculty members, especially among medical school. The responsibilities of teaching staff working at medical schools in Saudi Arabia can be diverse and difficult to measure and varying between teaching, research, clinical, and administrative activities. ResultsIn this report, we share our experience in Jazan University Faculty of Medicine (FoM) to propose a low-cost system to monitor and evaluate the academic performance. This report provides a comprehensive description of data acquisition methods, data follow, data management, and data display. The proposed system aims to evaluate the overall academic activities through the quantification of teaching, research, administrative, clinical and professional development and community service activities to enable the relevant stakeholders to monitor KPIs achievement, ensure appropriate resources utilization, data-driven decision making and planning. Additionally, the proposed system is suitable for use in relatively new academic institutions with limited resources.

scholarly journals Indonesia, Malaysia, and Thailand: New Administrations, New Policies, New Performance?

2006 ◽  
Vol 5 (3) ◽  
pp. 128-168
Author(s):  
Don Hanna
Keyword(s):  
Structural Changes ◽  
Economic Policies ◽  
Medium Term ◽  
Short Term ◽  
Role Of The State ◽  
The Government ◽  
New Policies ◽  
Open Question ◽  
Term Management

The administrations in Indonesia, Malaysia, and Thailand have all put in place economic policies designed to increase growth, reduce poverty, and improve governance. In Thailand, the government is taking a more activist role, a change from the previous, more hands-off approach. In both Indonesia and Malaysia, new policies reduce the activist role of the state, creating greater predictability and transparency. Better governance remains a key to growth, with many reforms within governments' reach. While many of the policies focus on the medium term, there is an acceptance of the need for prudent short-term management. The open question is whether progress on structural changes can persist when the short-term macroeconomic picture becomes more challenging.

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