Azerbaijan Launches Baku Harmoniya Climate Initiative at COP29, as Saudi Arabia Advances Vision 2030 with Economic and Empowerment Initiatives
Azerbaijan launches Baku Harmoniya Climate Initiative at COP29 to enhance farmer resilience and cut emissions by 40% by 2050. Saudi Arabia sees economic growth with key investments and events promoting women's empowerment under Vision 2030.
In an exciting development from COP29 in Riyadh, Azerbaijan has announced the Baku Harmoniya Climate Initiative, which focuses on helping farmers with resilience and food security while striving to cut emissions by 40% by 2050. The plan, launched by Agriculture Minister Majnun Mammadov, emphasizes sustainable practices by engaging women and youth and aims to enhance climate knowledge sharing despite challenges around finance.
Shifting attention to the markets, Saudi Arabia's Tadawul All Share Index saw a modest rise of 0.38 percent, driven by gains from Shatirah House Restaurant Co. and other notable companies like Fawaz Abdulaziz Alhokair Co. Additionally, Molan Steel Co. made headlines by signing a memorandum of understanding to acquire Mayar International Industry, boosting its share price significantly.
Meanwhile, the Tabuk region in Saudi Arabia has secured SR252 million ($67.2 million) in investment contracts aimed at stimulating economic growth and expanding housing infrastructure. This development, accompanied by the delivery of 533 new housing units, marks a significant step in enhancing local facilities and employment opportunities.
Adding to Saudi Arabia's dynamic initiatives, the Eastern Province witnessed the inauguration of the Women’s Economic Forum 2024 by Prince Saud bin Naif, focusing on women's empowerment under Vision 2030. This forum provides a platform for discussing entrepreneurship, business sustainability, and leadership roles for women through various sessions and workshops.
In terms of workforce transformation, Saudi Arabia has seen a remarkable 35% surge in its private sector employment, reaching 2.34 million employees, thanks to Vision 2030's efforts. At the Riyadh Economic Forum, strides in global labor indices and enhanced workforce productivity were celebrated, showcasing the nation's commitment to developing skills and participation rates.
Continuing on the theme of empowerment, the Women’s Economic Forum in Dammam emphasized Saudi Arabia's dedication to bolstering female leadership in the business sector. With experts and officials discussing Vision 2030 opportunities, the forum included crucial workshops on entrepreneurship support and workplace diversity, paving the way for a more inclusive future.
Shifting attention to the markets, Saudi Arabia's Tadawul All Share Index saw a modest rise of 0.38 percent, driven by gains from Shatirah House Restaurant Co. and other notable companies like Fawaz Abdulaziz Alhokair Co. Additionally, Molan Steel Co. made headlines by signing a memorandum of understanding to acquire Mayar International Industry, boosting its share price significantly.
Meanwhile, the Tabuk region in Saudi Arabia has secured SR252 million ($67.2 million) in investment contracts aimed at stimulating economic growth and expanding housing infrastructure. This development, accompanied by the delivery of 533 new housing units, marks a significant step in enhancing local facilities and employment opportunities.
Adding to Saudi Arabia's dynamic initiatives, the Eastern Province witnessed the inauguration of the Women’s Economic Forum 2024 by Prince Saud bin Naif, focusing on women's empowerment under Vision 2030. This forum provides a platform for discussing entrepreneurship, business sustainability, and leadership roles for women through various sessions and workshops.
In terms of workforce transformation, Saudi Arabia has seen a remarkable 35% surge in its private sector employment, reaching 2.34 million employees, thanks to Vision 2030's efforts. At the Riyadh Economic Forum, strides in global labor indices and enhanced workforce productivity were celebrated, showcasing the nation's commitment to developing skills and participation rates.
Continuing on the theme of empowerment, the Women’s Economic Forum in Dammam emphasized Saudi Arabia's dedication to bolstering female leadership in the business sector. With experts and officials discussing Vision 2030 opportunities, the forum included crucial workshops on entrepreneurship support and workplace diversity, paving the way for a more inclusive future.
