DAMMAM: The decision to allow women to drive will result in increased car sales requiring bank loans, and it is expected that banks will see a growing demand on this kind of loan; therefore, Saudi banks are getting ready to offer services to these women, a bank source said.
Talat Hafiz, secretary-general of the media and banking awareness committee of the Saudi banks, said that banks are ready to finance women wanting to buy cars directly and indirectly through payments to car dealerships, pointing out that this decision will have beneficial economic impacts such as facilitating the work of women and expanding their economic roles.
He pointed out “one of the main problems impeding women’s work is transportation. The money women spend on taxis is considered a big waste. Therefore, families will be able to save a lot now.”
“Car sales in the Kingdom reach 600,000 thousand annually. However, this number will increase by 50 percent in the coming period, which will have many positive impacts on the country’s economy, including the GDP,” he added.
As for the banks’ position regarding this decision, he said that banks make no distinction between women and men, whether it is a consumer, mortgage or investment loan. However, banks expect to receive more female applicants in the coming period, which will have a positive impact on the overall economy.
He said that banks are ready to support this decision, noting that there will be new job opportunities for women in the transportation sector, such as with transportation companies Uber and Kareem, which might hire female drivers, giving more privacy to women who would prefer a female driver instead of a male one.
Saudi Arabia’s banks getting ready to finance women buying cars
Saudi Arabia’s banks getting ready to finance women buying cars
Balad Beast brings global beats to historic streets
- ‘MDLBEAST put us on the international map,’ say Saudi electronic duo Dish Dash
JEDDAH: The music festival Balad Beast concluded its fourth edition this weekend, having transformed Jeddah’s UNESCO World Heritage district of Al-Balad into an open-air celebration of music, culture and creativity that attracted thousands of music lovers over two nights.
The festival, organized by Saudi music platform MDLBEAST, featured more than 70 local, regional and international artists across four stages, offering audiences a diverse journey through electronic, hip-hop and global sounds.
Speaking to Arab News, MDLBEAST chief creative officer Ahmad Al-Ammary, also known as DJ Baloo, described Balad Beast as a “cultural takeover” adding that finding the right spaces for dance floors was a challenge, “but Balad is constantly evolving and we work with that change.”
Addressing the challenges of working in a heritage area, he said: “Balad is sensitive and condensed, so logistics can be complex. In our first year, heavy rain flooded one of the planned squares and we had to relocate the Souq Stage to a much smaller space, but it worked and it has remained there ever since.
HIGHLIGHT
Reggae superstar Shaggy noted that the reality of playing live in Saudi Arabia often surprises those who arrive with preconceptions.
“Yes, the alleys are narrow and the district is old, but they’re full of ideas, patterns, colors and visuals. Everything flows here,” he continued. “As a festival, it’s hard to define Balad, because it gives so much of itself creatively. It’s incredibly generous with its ideas and details, and inspiration comes from everywhere.”
Balad Beast featured performances from international artists including US rapper Playboi Carti, making his first appearance in Saudi Arabia; US rapper Destroy Lonely; Swedish DJ and producer Alesso; and Bosnian-German DJ Solomun on the opening night. The following night saw French-Haitian singer-songwriter Naïka, reggae superstar Shaggy, Dutch DJ Franky Rizardo, British DJ Pawsa, and US rapper Tyga, and more take the stage, while Saudi and regional artists including Cosmicat, TUL8TE, Zeina, Vinyl Mode, Moayed, Dish Dash, Musab, Varoo and HiFi appeared across the festival, offering audiences a mix of global and local talent.
Saudi electronic duo Dish Dash reflected on the festival organizer’s impact for local artists.
As a festival, it’s hard to define Balad, because it gives so much of itself creatively. It’s incredibly generous with its ideas and details, and inspiration comes from everywhere.
Ahmad Al-Ammary, MDLBEAST chief creative officer
“MDLBEAST put us on the international map,” the brothers told Arab News. “It helped us get recognized by festivals, promoters and event organizers abroad. When we travel, people don’t expect this level of talent coming from Saudi Arabia, especially considering we didn’t have this scene before.”
Shaggy, who performed a hit-filled set during the festival, told Arab News: “I’ve been blessed with some incredible songs, and I see music as a gift and a tool for service. When I go on stage, I’m there to entertain people, to make them smile and feel good, but that service also supports many livelihoods from the people working at this festival to those who work with me. These songs have become part of people’s lives, and I don’t take that lightly.”
Shaggy also noted that the reality of playing live in Saudi Arabia often surprises those who arrive with preconceptions.
“I’ve performed in Saudi Arabia more than once, and while there are certain rules that are different, it’s not an issue for me. My focus is always on delivering the hits and giving the audience a great time,” he said.
“There’s a big misconception. People have more freedom than (outsiders) think. Everyone has been extremely nice.”
Asked what advice he would offer to aspiring artists, Shaggy said: “Understand that what you’re given is a gift and a form of service. Stay humble, do the work, and remember why you’re doing it.”
As Al-Ammary noted, there are many such aspiring artists now making a name for themselves in the Kingdom.
“Talent is emerging everywhere, at different levels,” he said. “The scene is still in a mysterious and surprising phase. There’s a rawness to it.”
