Saudi finance minister warns global economy to face ‘challenges’ this year
Saudi finance minister warns global economy to face ‘challenges’ this year/node/2619367/saudi-arabia
Saudi finance minister warns global economy to face ‘challenges’ this year
Saudi Minister of Finance Mohammed Al-Jadaan said the global economy will continue to face a range of challenges this year, some of which are expected to persist into 2026 as the effects of major structural shifts shape fiscal and monetary policies worldwide. (X/@MAAljadaan)
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Updated 11 sec ago
Arab News
Saudi finance minister warns global economy to face ‘challenges’ this year
Call for collective efforts to support multilateral trading system
Updated 11 sec ago
Arab News
WASHINGTON: Saudi Minister of Finance Mohammed Al-Jadaan said the global economy will continue to face a range of challenges this year, some of which are expected to persist into 2026 as the effects of major structural shifts shape fiscal and monetary policies worldwide.
His comments came after he attended the fourth G20 Finance Ministers and Central Bank Governors Meeting, held this week under South Africa’s G20 presidency, on the sidelines of the World Bank Group and International Monetary Fund Annual Meetings in Washington, the Saudi Press Agency reported.
Al-Jadaan was accompanied at the meetings by Saudi Central Bank Governor Ayman Alsayari, SPA added.
He also stressed that solutions should not involve withdrawing from the multilateral trading system, but rather collective efforts to improve it in order to strengthen trust and promote long-term investments.
The minister further underlined that adherence to fiscal discipline and the sustainability of public debt remain fundamental pillars of macroeconomic stability, adding that these objectives required enhanced transparency, sound financial governance, and improved spending efficiency.
Addressing the impact of rapid technological change, Al-Jadaan pointed to the rise of artificial intelligence and digital assets as areas that necessitate “proactive regulatory frameworks” that balance the exploitation of opportunities with risk mitigation.
He urged international financial institutions to provide clear guidance to help countries align their national policies with global financial stability.
During discussions on supporting Africa’s economic growth, Al-Jadaan highlighted the continent’s increasing importance to global economic expansion and called for “practical and implementable” solutions that focused on reducing capital costs, stimulating private investment, and bolstering financial sustainability.
He emphasized that achieving sustainable progress in Africa required the support of multilateral institutions that had to implement structural reforms to enhance productivity and create favorable conditions for private sector-led growth.
Al-Jadaan also reaffirmed the Kingdom’s longstanding partnership with African nations, noting that ֱ had financed a wide range of projects in infrastructure, energy, and health across more than 40 countries on the continent.
Kady Al-Yahya spotlights issue of space debris in hand-coded creation Orbital Sweeper
Updated 18 October 2025
Waad Hussain
ALKHOBAR: Aged just 23, Saudi developer Kady Al-Yahya is helping define how technology can teach. Her hand-coded game Orbital Sweeper — a blend of space exploration and environmental awareness — has earned her global recognition and a place among the winners of Apple’s prestigious WWDC Global Student Challenge, a feat few from the Kingdom have managed.
The young developer from Riyadh’s achievement highlights her creativity, persistence, and passion for using technology to educate. The game invites players to collect debris orbiting Earth.
“The inspiration for Orbital Sweeper came from my fascination with both space and environmental sustainability,” Al-Yahya told Arab news. “I realized that while people often talk about pollution on Earth, few know about the growing problem of space debris. I wanted to create a game that makes players aware of this issue in an engaging, interactive way.
“The idea was to combine entertainment and education — showing that games can inspire real-world curiosity and responsibility toward our planet and beyond,” she added.
Gameplay from Orbital Sweeper, where players navigate a rocket equipped with a net to collect orbital waste around Earth. (SUPPLIED)
Al-Yahya’s path to the WWDC stage was a long one. Before creating Orbital Sweeper, she spent months at the Apple Developer Academy, where she shaped her design and her business mindset.
“The academy completely transformed the way I approach technology and creativity,” she said. “It gave me hands-on experience in app design, user experience, and teamwork, while also encouraging me to think like an entrepreneur.”
She learned that creativity is not just about aesthetics, it’s about problem-solving. “I learned to develop ideas with real-world impact, to prototype quickly, and to refine designs based on feedback. The mentors emphasized human-centered design — focusing on solving problems that matter,” she said.
She also gained skills that extend beyond programming. “I gained confidence in presenting my ideas and collaborating with people from diverse backgrounds, which prepared me to turn creative concepts like Orbital Sweeper into tangible, high-quality products,” she said.
For Al-Yahya, gaming is more than entertainment, it’s a way to democratize complex ideas.
“Gamified learning captures attention in a way traditional education cannot,” she said. “Games allow players to interact, make decisions, and experience consequences — which helps information stick. By transforming global issues like space debris into playable challenges, we turn passive awareness into active understanding.”
She believes the future of education will increasingly rely on interactive storytelling. “People are more likely to care about a topic when they experience it rather than just read about it,” she said. “Games simplify complex topics and make them accessible to all ages. Through fun and challenge, players can learn empathy, responsibility, and problem-solving — powerful tools for addressing global issues creatively.”
Her success has made her a role model for young Saudis entering the fast-growing tech and gaming ecosystem.
Kady Al-Yahya recognized among the five Saudi winners of Apple’s Swift Student Challenge 2025, celebrating young innovators in app development. (SUPPLIED)
“My message to young Saudi developers and creatives is simple: Believe in the power of your ideas,” she said. “Even if you start small, every innovation begins with curiosity and courage. Technology is not just about coding — it’s about solving real problems and improving lives.”
ֱ, she said, is now fertile ground for young innovators. “The tech ecosystem in ֱ is growing rapidly, and this is the perfect time to dream big,” she said. “Surround yourself with people who inspire you, and always keep learning. Your creativity has the power to represent the future of Saudi innovation globally.”
Kady Al-Yahya at her Apple Developer Academy graduation in 2024, where she first developed the concept for her space-themed educational game. (SUPPLIED)
Behind Al-Yahya’s victory lies a story of determination.
“Winning the WWDC Global Student Challenge was an unforgettable milestone that encouraged me to think even bigger,” she said. “What makes this victory even more meaningful is that I had tried to participate the previous year but didn’t make it. However, I never lost hope — I kept learning, improving my skills, and pushing myself until I finally achieved my goal.
“My next step is to expand Orbital Sweeper into a more immersive educational platform — one that can be used in schools to teach environmental and space awareness.”
For Al-Yahya, the recognition is only a first step. “I also want to mentor other students and share what I’ve learned through workshops and community projects,” she said. “This achievement is just the beginning of a journey toward shaping meaningful digital experiences for the next generation.”
Her work reflects a broader transformation in ֱ’s digital and creative economy, one where technology, art, and education intersect. As gaming and AI become national priorities under Vision 2030, innovators like Al-Yahya are proving that creativity can be both playful and purposeful. From Riyadh to Cupertino, her story embodies the Kingdom’s new creative energy: bold, experimental, and globally aware.
Through Orbital Sweeper, Al-Yahya isn’t just cleaning up space debris — she’s clearing the path for a new generation of Saudi talent ready to innovate for a better, smarter world.
Kingdom highlights role in Yemen’s economic stability at Washington roundtable
More than 265 development initiatives implemented across 16 governorates, boosting government efficiency, private sector growth
Updated 18 October 2025
Arab News
RIYADH: A delegation from the Saudi Development and Reconstruction Program for Yemen participated in the World Bank’s discussion, “Enabling jobs in fragile and conflict-affected environments: A roundtable on stimulating private investments.”
The discussion was held on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington, the Saudi Press Agency reported on Saturday.
The Saudi delegation was led by the program’s assistant supervisor-general, Hassan Al-Attas, who highlighted ֱ’s role in strengthening Yemen’s economic stability as its largest supporter, providing more than $26 billion in development, economic and humanitarian aid over the past decades.
The event was attended by World Bank Managing Director of Operations Anna Bjerde; ministers from the UK, Belgium, Germany, Somalia, Guinea and Ethiopia; Multilateral Investment Guarantee Agency Vice President of Operations Junaid Ahmad; and representatives of international organizations.
Al-Attas noted that since 2018, ֱ had provided direct deposits and grants to Yemen’s Central Bank and Ministry of Finance, including a $2 billion deposit for basic food imports, with additional support exceeding $12 billion between 2012 and 2025.
This financial aid helped to ease the Yemeni government’s budget burden, protect the Central Bank’s foreign currency reserves, provide oil derivative grants, stabilize markets, improve liquidity, and enable private sector activity, he added.
Al-Attas reviewed the program’s development experiences and lessons learned from its interventions, which are based on supporting the government sector, investing in infrastructure and human capital, and stimulating the private sector.
He added that this framework had strengthened institutions, limited the depletion of foreign reserves, and enabled ministries to implement more efficient economic and financial policies.
Al-Attas said that the program had delivered more than 265 development projects and initiatives across 16 Yemeni governorates, covering eight vital sectors, with direct supervision from five of the program’s executive offices, at a total cost of $1.145 billion.
The Saudi delegation held bilateral meetings with Yemeni Minister of Planning and International Cooperation Waed Abdullah Badhib; executive director of ֱ’s office at the World Bank Group, Suhail Al-Saeed; Estonian Ministry of Finance international relations adviser, Marten Ross; and World Bank senior adviser, Jeehan Abdul Ghaffar.
The meetings aimed to enhance international cooperation and support joint efforts for sustainable development in Yemen.
Madinah authority leads effort to protect and promote birdlife, ecotourism
The Madinah Region Development Authority, in collaboration with experts and researchers, is working to raise awareness of the region’s bird diversity
Updated 18 October 2025
Arab News
RIYADH: Madinah’s rich natural landscapes are home to dozens of bird species, making the region a popular destination for birdwatching and ecotourism.
The Madinah Region Development Authority, in collaboration with experts and researchers, is working to raise awareness of the region’s bird diversity, according to a Saudi Press Agency report.
The hope is that increased awareness will foster an appreciation for nature, encourage birdwatching and photography, and pave the way for investment in dedicated birdwatching sites across the region, according to the report.
The authority has recorded 26 common bird species and published a detailed reference guide featuring Arabic and English names, diagnostic characteristics, preferred habitats, and feeding patterns.
Among the region’s notable species are “the bright yellow weaver bird, known for its intricate nests woven among tall tees such as jujube and palms; the white cow heron, often seen near livestock in areas such as Al-Bayda Park and Wadi Al-Aqiq; and the elusive sandgrouse, which breeds in valleys outside Madinah,” the SPA reported.
Other species commonly found in the region include the common myna, rose-ringed parakeet, laughing dove, eastern bee-eater, collared dove, rock pigeon, hoopoe, kingfisher, and black kite.
Madinah’s diverse environments — from farms and valleys to coastal areas — “continue to serve as vital habitats supporting the region’s biodiversity, reflecting ongoing efforts by Saudi authorities to protect wildlife and promote sustainable ecotourism,” the SPA concluded.
KSrelief expands global aid, supporting education, food security, mental health
Updated 18 October 2025
Arab News
RIYADH: Saudi aid agency KSrelief is continuing to make a significant global impact by providing critical assistance to some of the world’s most vulnerable communities.
The organization recently distributed educational, sports and first-aid kits to eight schools in Lahij governorate as part of a project to support education in Yemen for the academic year.
The kits included materials to improve classroom learning, encourage physical activity and ensure a quick response to emergencies, the Saudi Press Agency reported on Saturday.
In Pakistan, KSrelief distributed 400 food packages in Khyber Pakhtunkhwa Province, benefiting 2,840 people in flood-affected areas.
In Sudan, KSrelief distributed food supplies to 2,000 vulnerable families affected by floods and displacement in Kassala state, benefiting 11,500 people.
In the Syrian Arab Republic, KSrelief distributed food aid to 2,746 families in Daraa governorate and 1,500 families in Hama governorate to ease the humanitarian crisis there.
Recently, KSrelief’s community center marked World Mental Health Day at the Zaatari camp for Syrian refugees in Jordan, organizing interactive activities to promote mental health awareness.
On the International Day for the Eradication of Poverty, observed on Oct. 17, KSrelief highlighted its global humanitarian work and called for international cooperation to ease the suffering of poor and crisis-affected populations.
Since its establishment in 2015, KSrelief has carried out 3,768 projects in 109 countries at a total cost of more than $8.2 billion. These projects span key sectors such as food security, health, education, water and sanitation, shelter and early recovery.
As part of its poverty reduction efforts, KSrelief has implemented 1,084 food security and nutrition projects worth $2.4 billion, benefiting countries including Yemen, Syria and Somalia.
The agency also works closely with UN bodies and global relief organizations to empower vulnerable communities as well as promote sustainable development.
This distinction reflects the commitment of the Saudi leadership to improve the quality of life and services for residents and visitors while supporting Saudi Vision 2030
Updated 17 October 2025
Arab News
MADINAH: The Public Sector Capabilities Index 2025 has highlighted Madinah’s strengths in institutional capacity building in the first report assessing cities’ abilities to adapt and transform.
For the report, published by the University College London Institute for Innovation and Public Purpose in partnership with Bloomberg Philanthropies, field research was conducted in 45 cities with input from over 200 government officials and 100 international experts.
Madinah excelled in adopting methodologies and developing local governance mechanisms, mainly due to the “innovative government excellence model in Madinah” established by Madinah Region Development Authority and the region’s municipality.
The model promotes partnership and boosts flexibility to enhance integration between the government, private sector and community.
This distinction reflects the commitment of the Saudi leadership to improve the quality of life and services for residents and visitors while supporting Saudi Vision 2030.