The phase 1 will apply to all private sector establishments employing at least one worker in the main cities—Riyadh, Makkah, Madinah, Jeddah, Dammam, and Khobar.
The survey shows that 71% of CEOs in the Kingdom expect increased profitability within the next 12 months thanks to GenAI, while 57% are confident in integrating AI into core business processes.
The new Dirham symbol will be used across both physical and digital currency forms, ensuring a unified identity for the national currency on the global stage.
Kuwait has achieved high Kuwaitization rates across major oil companies, and the number of expatriates is steadily declining, although the sector still relies on some specialised foreign talent.
Inspired by Arabic calligraphy, the symbol strengthens the riyal’s identity on the global stage, reinforcing its presence in financial and commercial transactions.
The six-month work permit, allowing Bahraini employers to try new workers without committing to long-term contracts, helps them manage workforce needs more efficiently.