Muller reappointed UNIDO chief at Global Industry Summit in Riyadh

The decision, unanimously endorsed by UNIDO’s 173 member states, was a highlight of the five-day Global Industry Summit 2025, which brings together international policymakers, industry leaders, and experts.
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Updated 23 November 2025
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Muller reappointed UNIDO chief at Global Industry Summit in Riyadh

RIYADH: The 21st General Conference of the UN Industrial Development Organization opened in Riyadh with the reappointment of Gerd Muller as the organization’s director general for a second term.

The decision, unanimously endorsed by UNIDO’s 173 member states, was a highlight of the five-day Global Industry Summit 2025, which brings together international policymakers, industry leaders, and experts.

Held at the King Abdulaziz International Conference Center from Nov. 23 to 27, the summit is organized by UNIDO in partnership with Saudi Arabia’s Ministry of Industry and Mineral Resources.

The German delegation welcomed the outcome of the reappointment process, stating it felt “honored by the confirmation of Muller’s second term as director general of UNIDO.”

It added: “We appreciate the trust and support placed in our candidate by the Member States, which was also reflected in the endorsement by the European Union.”

The delegation from Honduras also voiced support, saying, “Honduras congratulates Mr. Muller upon his re-election, and expresses its acknowledgement for the efforts undertaken over the past four years.”

It further noted that it would “continue to encourage him to sustain these efforts in support of inclusive and sustainable industrial development among all member states.”

Similarly, the Armenian delegation expressed its approval, stating, “Armenia extends its sincere congratulations to Director General Gerd Muller on his reappointment.”

It highlighted that “Director General Muller’s unwavering commitment to advancing inclusive and sustainable industrial development remains vital to supporting member states in achieving the sustainable development goals.”

Other member states also extended their congratulations during the opening session, showing broad support for Muller’s continued leadership.

Muller, who first assumed the role in 2021, previously served as Germany’s federal minister for economic cooperation and development.

His tenure at UNIDO has been marked by efforts to strengthen industrial partnerships, foster green innovation, and expand development opportunities across emerging economies.


Saudi POS transactions see 20% surge to hit $4bn: SAMA

Updated 05 December 2025
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Saudi POS transactions see 20% surge to hit $4bn: SAMA

RIYADH: Saudi Arabia’s total point-of-sale transactions surged by 20.4 percent in the week ending Nov. 29, to reach SR15.1 billion ($4 billion).

According to the latest data from the Saudi Central Bank, the number of POS transactions represented a 9.1 percent week-on-week increase to 240.25 million compared to 220.15 million the week before.

Most categories saw positive change across the period, with spending on laundry services registering the biggest uptick at 36 percent to SR65.1 million. Recreation followed, with a 35.3 percent increase to SR255.99 million. 

Expenditure on apparel and clothing saw an increase of 34.6 percent, followed by a 27.8 percent increase in spending on telecommunication. Jewelry outlays rose 5.6 percent to SR354.45 million.

Data revealed decreases across only three sectors, led by education, which saw the largest dip at 40.4 percent to reach SR62.26 million. 

Spending on airlines in Saudi Arabia fell by 25.2 percent, coinciding with major global flight disruptions. This followed an urgent Airbus recall of 6,000 A320-family aircraft after solar radiation was linked to potential flight-control data corruption. Saudi carriers moved swiftly to implement the mandatory fixes.

Flyadeal completed all updates and rebooked affected passengers, while flynas updated 20 aircraft with no schedule impact. Their rapid response contained the disruption, allowing operations to return to normal quickly.

Expenditure on food and beverages saw a 28.4 percent increase to SR2.31 billion, claiming the largest share of the POS. Spending on restaurants and cafes followed with an uptick of 22.3 percent to SR1.90 billion.

The Kingdom’s key urban centers mirrored the national decline. Riyadh, which accounted for the largest share of total POS spending, saw a 14.1 percent surge to SR5.08 billion, up from SR4.46 billion the previous week. The number of transactions in the capital reached 75.2 million, up 4.4 percent week-on-week.

In Jeddah, transaction values increased by 18.1 percent to SR2.03 billion, while Dammam reported a 14 percent surge to SR708.08 million.

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with the Kingdom’s Vision 2030 objectives, promoting electronic transactions and contributing to the nation’s broader digital economy.