38k people register with Saudi national distance learning platform in 10 days

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Updated 31 March 2020

38k people register with Saudi national distance learning platform in 10 days

  • The quality of the programs had contributed to increasing the number of enrollees, says director

JEDDAH: The number of people who registered with the Saudi e-training platform (Doroob) between March 16 and 26, across 365 various programs, has reached 38,000.

The director for the development of training programs at the Human Resources Development Fund (HADAF) and supervisor of Doroob, Mohammed Al-Shuwaier, said the training programs had been designed to promote distance learning and provide needed experience in all fields and specializations required by the labor market, in line with the governmental precautionary and preventive measures to fight the coronavirus disease (COVID-19).

Al-Shuwaier noted that the quality of the programs had contributed to increasing the number of enrollees, with more than 3,500 people befitting from the interactive training sessions broadcast last week on Doroob.

Nahla Abul-ula, an HR expert, said companies in Saudi Arabia had been encouraging employees to benefit from online training opportunities for a long time through state-supported platforms like Doroob or through independent educational platforms.

“However, the global coronavirus disease (COVID-19) pandemic has made people more accepting of such modern means in order to keep pace with the accelerating life events,” the HR business partner at IKEA said.

“We will definitely see an increasing reliance on e-learning options in the coming period if the crisis continues,” she said.

E-learning is an individual effort, where learners seek to obtain information by themselves and employ the acquired skills to develop their abilities and experiences. Abul-ula considers virtual learning no less effective than classroom learning.

She said that employees and job seekers’ focus on development in this critical time will not only allow them to grow and take advantage of free time in their schedule but “will also give them better opportunities after the crisis is over.”

Doroob was launched by HADAF as part of the training and qualification programs aimed at developing the skills of students, job seekers and those wishing to be promoted in their jobs, to increase participation in the private sector and help job seekers find suitable opportunities. 

Doroob is an integrated program that provides e-training programs and certification upon completion of requirements.

To register for the e-training courses, interested people can log on to doroob.sa.

 

 

 
 


Saudi Arabia PIF’s $40bn boost aimed at post-pandemic profit

Updated 41 min 35 sec ago

Saudi Arabia PIF’s $40bn boost aimed at post-pandemic profit

  • Since the COVID-19 crisis began, the PIF has spent $7.7 billion amassing a portfolio
  • Some investors are calculating that there will be a rapid economic recovery when the lockdowns end

DUBAI: The Public Investment Fund (PIF), Saudi Arabia’s ambitious sovereign wealth fund, is seeking to use the extra $40 billion it was recently granted from government reserves to benefit the Kingdom and its citizens when the current coronavirus disease (COVID-19) pandemic is over.

A spokesperson for the PIF told Arab News that the injection from reserves held by the Saudi Arabian Monetary Authority — announced last week — “allow us to tap into a number of local and global investment opportunities at attractive prices. This includes investments in sectors that are well positioned to drive economic growth and value creation and derive benefits for the citizens of our country well beyond the current crisis.”

Since the COVID-19 crisis began, the PIF has spent $7.7 billion amassing a portfolio of share stakes in some of the best-known corporate brand names in the world, including Boeing, Disney, Facebook and Marriott International. It also took big holdings in independent oil companies Shell, Total and BP, as well as banking giants like Citigroup and Bank of America.

The shares of these and other investments in the PIF spending spree had been affected by the dramatic downturn in the US stock market after the first pandemic related lockdowns. They have since recovered almost to all-time highs as US authorities took emergency measures to support its financial institutions.

Some investors are calculating that there will be a rapid economic recovery when the lockdowns end, to send stock markets soaring again.

“The PIF’s role is to invest the nation’s wealth in a way that generates long-term attractive returns and a diversified source of wealth for the Saudi people. The uncertainty caused by COVID-19, and the subsequent drop in global oil prices, highlights why our economic diversification efforts are so important. Capital injections from the government are an established source of funding for the PIF, as outlined in our strategy as part of our Vision Realization Program,” the PIF spokesman said.

The fresh resources for the fund, which has $320 billion of assets under management, will provide extra firepower to take advantage of perceived bargains. Yasir Al-Rumayyan, governor of the PIF, said last month: “You don’t want to waste a crisis. We’re looking into any opportunities.”