Young Saudis: We value responsibility, hard work, tolerance and justice

News Network
December 29, 2019

Jeddah/Dubai, Dec 29: The recent Saudi Youth Development Survey revealed that 67.02 percent of the Saudi population is between the age of 0 and 34.

The survey, which was performed during the second quarter of 2019 and was published by the General Authority for Statistics (GASTAT), aimed to provide many important indicators about the life of young people.

This included social, demographic and economic aspects, as well as the obstacles and challenges that face the younger generation.

Researchers compiled the figures in visits to 5,000 families in 13 regions and results showed that Saudis aged between 15 and 34 years formed 36.7 percent of the total population, 51.03 percent of them males, and 48.97 percent females.

The GASTAT survey also focused on education among youth in the Kingdom, reporting that 31.75 percent believe they have faced learning difficulties during their educational years, of which 31.86 percent were males and 31.64 percent were females.

Amongst these challenges, difficulty in accessing a school or university proved to be significantly low, with only 4.55 percent of males and 5.88 percent of females saying they have struggled to have an education. However, close to 14 percent said they have “difficulty studying.”

Commenting on these difficulties, Dr. Asma Siddiki, a Saudi education management leader with a degree in cognitive psychology from the University of Oxford said: “What’s interesting about this percentage is that it is self-reported. If we were to look at the recently published PISA (Program for International Student Assessment) results, we find that the majority of our 15-year-olds do very poorly with their problem-solving skills in tests on reading, mathematics and science. So it’s no surprise that a third of our 15 to 34 year-olds are aware of their challenges with learning difficulties,” said Dr. Siddiki.

“This is both unfortunate, given the efforts being made in the education sector, and an opportunity, if we are bold enough to recognize that the fix must be in tackling the earlier years and in ensuring that foundations are better laid so that children can be inspired to learn to learn — and not learn to rote learn,” she added.

However, despite a third of respondents facing learning difficulties, the report showed that more than half (58 percent) said they have participated in extracurricular activities, of which 59.67 percent were male and 56.26 percent were females.

In addition, the results showed that the percentage of young people fully satisfied in their work was 23.54 percent — 23.9 percent of males, and 21.85 of females. The percentage of working young people who have faced work difficulties, whether past or present, was estimated at 45.88 percent, 45.33 percent of males and 48.53 percent of females.

Wedjan Al-Ghamdi, a 31-year-old BIS graduate from Cardiff Metropolitan University in the UK, returned to the Kingdom and had difficulty finding a job in her field due to her family commitments and her husband’s job, which requires him to move from one city to another every few years.

To ensure that she made use of her degree, which she obtained through the Ministry of Higher Education, she had to settle for jobs that are far from her field and only provided her with one disappointment after another.

“I have changed jobs several times in the past six years,” said Al-Ghamdi. “I had to work in international schools as a supervisor, a teacher and at times an activities supervisor. It was difficult as I moved from one small city to the next due to my husband’s job, but I believe what would have been best for people like me is to find a company that would allow workers to work from home. There weren’t many in my field that provide that and there are many who have returned from abroad who are still finding it difficult to find jobs in their respective fields.”

Al-Ghamdi said that she has recently found a job that she is content with.

The Saudi government has a series of reform plans, including the ambitious Vision 2030, for the country to invest in education for its people to prepare them to participate in the workforce. Additionally, the Kingdom has proposed strict quotas in the private sector to encourage enterprises to prioritize hiring Saudi nationals and ensure economic and social growth.

The percentage of hired young people who considered that their salary was sufficient to meet their financial obligations was 68.91 percent, 69.59 percent of males, and 70.48 percent of females, while the percentage of young people who said that they can save part of their monthly income, was 44.71 percent, 43.62 percent of males, and 50.19 percent of females.

John Sfakianakis, chief economist at the Gulf Research Center and associate fellow at Chatham House in London, said that the tendency to save more money could be a result of higher income.

“There are a lot of young people that we classify as youth who are engaged in the economy far more today than a few years back and there are more women in the workforce, which is very positive. Saudi Arabia had a low female labor participation rate in the wider region and that has been improving.”

“At one point, youth unemployment rates were higher than they were in Egypt and Greece,” said Sfakianakis. “This was challenging for many years and now we see the overall youth unemployment rates falling, which is proof that many government programs to bolster the economy are working.”

In a recent survey also published by GASTAT, the labor market bulletin for the third quarter of 2019 showed that unemployment rates decreased to 5.5 percent, compared to 5.6 percent for the second quarter of this year. It’s a significant drop in comparison to the fourth quarter of 2018, where it was at 12.7 percent.

Meanwhile, social media proved to play a major role in the lives of Saudi youth.

The GASTAT survey showed that around 98 percent of youth use social media platforms, with 35.83 percent of respondents saying their social relationships have been affected by social media. This included 36.81 percent of males and 34.8 percent of females.

When it comes to societal norms, the report showed that youth believe that social values are strong in their communities. Among these values are an individual sense of responsibility (98.55 percent), hard work (98.12 percent), tolerance (98.26 percent), efficiency (97.46 percent), rational spending (89.22 percent), compliance with regulations (94.64 percent), justice (97.95 percent), moderation (97.42 percent), determination and perseverance (98.41 percent), and transparency (92.64 percent).

“In the unprecedented development that the Kingdom is witnessing, such reported high numbers in the social values that young Saudis share reflect a great sense of patriotism and nationalism,” said Razan Alaquil, Saudi Youth Delegate to the 2018 UN ECOSOC Youth Forum. “Our Saudi identity is being structured and defined on important factors that we as young Saudis not only share, but keep one another accountable for.

“Because this is a time for us to tell the story of our Kingdom through our actions by being responsible citizens who actively contribute. Those actions develop our Kingdom and make the Saudi identity what it is — an identity based upon our sense of contribution and responsibility for our country’s development, hard work, tolerance, efficiency, and so much more. As young Saudis, we keep one another accountable for those civic values because we all look at each other as one.”

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News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

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News Network
May 11,2020

May 11: Saudi Arabia will triple its value-added tax rate and suspend a cost of living allowance for state workers, it said on Monday, seeking to shield finances hit by low oil prices and a slump in demand for its lifeline export worsened by the new coronavirus.

Historic oil output cuts agreed by Riyadh and other major producers have given only limited support to prices after they sank on oversupply caused by a war for petroleum market share between the kingdom and its fellow oil titan Russia.

Saudi Arabia, the world's largest oil exporter, is also being hit hard by measures to fight the new coronavirus, which are likely to curb the pace and scale of economic reforms launched by Crown Prince Mohammed bin Salman.

"The cost of living allowance will be suspended as of June 1, and the value added tax will be increased to 15% from 5% as of July 1," Finance Minister Mohammed al-Jadaan said in a statement reported by the state news agency. "These measures are painful but necessary to maintain financial and economic stability over the medium to long term...and to overcome the unprecedented coronavirus crisis with the least damage possible."

The austerity measures come after the kingdom posted a $9 billion budget deficit in the first quarter.

The minister said non-oil revenues were affected by the suspension and decline in economic activity, while spending had risen due to unplanned strains on the healthcare sector and the initiatives taken to support the economy.

"All these challenges have cut state revenues, pressured public finances to a level that is hard to deal with going forward without affecting the overall economy in the medium to long term, which requires more spending cuts and measures to support non-oil revenues stability," he added.

The government has cancelled and put on hold some operating and capital expenditures for some government agencies, and cut allocations for some reform initiatives and projects worth a total 100 billion riyals ($26.6 billion), the statement said.

Central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while oil revenues in the first three months of the year fell 24% from a year earlier to $34 billion, pulling total revenues down 22%.

"The reforms are positive from a fiscal side as greater adjustment is essential. However, the tripling of VAT is unlikely to help that much in 2020 revenue wise with the expected fall in consumption," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

She said she kept unchanged her deficit forecast of 16.3% of GDP for this year, which already factors in a greater than previously announced spending cut.

About 1.5 million Saudis are employed in the government sector, according to official figures released in December.

In 2018, Saudi Arabia's King Salman ordered a monthly payment of 1,000 riyals ($267) to every state employee to compensate them for the rising living costs after the government hiked domestic gas prices and introduced value-added tax.

DIFFICULT TIMES

A committee has been formed to study all financial benefits paid to public sector employees and contractors, and will submit recommendations within 30 days, the statement said.

In late 2015, when oil prices fell from record highs, the kingdom slashed lavish bonuses, overtime payments and other benefits once considered routine perks in the public sector.

In a country without elections and with political legitimacy resting partly on distribution of oil revenue, the ability of citizens to adapt to such reforms is crucial for stability.

"Tripling the VAT will test the limits of the balance between revenues and consumption as the economy dives into a deep recession. The move will impact consumption and could also lower the expected revenues," said John Sfakianakis, a Gulf expert at the University of Cambridge.

"These are pro-austerity and pro-revenue moves rather than pro-growth ones," he said.

Hasnain Malik, head of equity strategy at Tellimer, said the VAT rise could bring about $24-$26.5 billion in additional non-oil fiscal revenue. The rise would hit consumer spending further but was a needed step towards fiscal sustainability, he said.

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News Network
April 22,2020

Dubai, Apr 22: Saudi Arabia's Health Ministry registered 1141 new Coronavirus cases, 172 new Recoveries and 5 new deaths in the last 24 hours by 22nd April 2020 (3:40 PM), Most of  the Corona infected patients are in stable condition, while 82 cases are on critical condition and are being treated in various hospital's Intensive Care Unit, All the confirmed and suspected cases are isolated and are being treated in the country, the Total Covid-19 cases as of Today are as follows
 
Infections : 12772
Recovered : 1812
Deaths : 114
Active Cases : 10846
Critical : 82

-  The Spokesperson of Ministry of Health said Total laborartory tests exceeded 200,000. 

-  You should continue to socialize and stay at home, especially for those aged 65 and over or who suffer from chronic diseases.

-  Half a million field assessments under active survey, 50 government agencies involved in anti-virus efforts, 150 field teams participating in the active examination in the Kingdom.

- The Health Ministry said, Maintaining hand-washing and keeping away from gatherings is an important step, and we should all be responsible.

- Worldwide Covid-19 infection details as of Today (22nd April) are

Infections : 2,580,729
Recovered : 693,093
Deaths : 178,371

- Among the 1141 new infections, most of the cases are on active survey results, 868 cases from new infections are discovered from active survey field testing. The city wise total active cases excluding recoveries and deaths by 22nd April are

Makkah : 2472
Madina : 1944
Riyadh : 1762
Jeddah : 1679
Dammam : 678
Hofuf : 507
Taif : 131
Tabuk : 128
Jubail : 97
Qatif : 73
Buraidah : 46
Khamis Musaith : 44
Khobar : 38
Dhahran : 36
Yanbu : 36
Khalis : 24
Ar Ar : 16
Khafji : 15
Ras Tanura : 12
Zulfi : 11
Onaiza : 9
Al Maqwat : 9
Al Dariya : 8
Al Kharj : 8
Samita : 8
Bisha : 7
Najran : 7
Al Khanfadah : 7
Hail : 6
Al Baha : 6
Sabit Alaya : 5
Muhayil Asir : 5
Ahad Rafidah : 4
Muwiya : 4
Ar Ras : 4
Al Qurayyat : 3
Al Muzilaf : 3
Sharura : 3
Al Jafar : 2
Al Lais : 2
Al Hanakiya : 2
AlMabraz : 2
Al Qawiya : 2
Al Tawal : 2
Al Misan : 2
Al Qariya : 2
Hada : 2
Rabig : 2
Sabia : 2
Saihat : 2
Azam : 1
Al Aiz : 1
Al Bakariya : 1
Al Dawadmi : 1
Al Majmaah : 1
Al Mada : 1
Al Shamli : 1
Al Ala : 1
Al Wajha : 1
Al Arida : 1
Beesh : 1
Diba : 1
Sakaka : 1
Sariban : 1
Sharura : 1
Riyad Al Khabra : 1

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