LONDON: The Eastern Province has the highest proportion of Saudis in private sector jobs according to data from the National Labor Observatory.
It reported that the overall nationalization rate of private-sector establishments rose to 20.37 percent for the first quarter of the year. That compared to 20.21 percent for the year-earlier period.
Saudi Arabia and other Gulf economies are accelerating localazation efforts as part of wider economic reforms aimed at boosting job opportunities for citizens.
The Eastern Province had the highest share of Saudis at 24.01 percent, followed by the Riyadh region at 20.72 percent and the Makkah region at 18.14 percent.
The insurance and finance fields had the highest percentage of Saudi nationals employed in the private sector, which stood at 83.01 percent, followed by international organization activities (70.71 percent), mining and quarries (61.95 percent), education (52.86 percent) and IT and communication (48.81 percent).
Eastern Province leads private sector Saudization drive
https://arab.news/zpskn
Eastern Province leads private sector Saudization drive
- Eastern Province has the highest proportion of Saudis in private sector jobs
- The insurance and finance fields had the highest percentage of Saudi nationals employed in the private sector
Egypt-born Dina Powell McCormick appointed Meta president and vice chairman
- The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
- Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution
LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.
The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.
Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.
“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.
Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.
Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.
