Before his appointment, Altekhaifi served as president of the General Authority for Statistics between 2016 and 2020.
He also served as chairman of the board for the Statistical Center for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat), and also represented Saudi Arabia as a board member of the International Comparative Program (Statistical Division – UN).
Altekhaifi also served as assistant deputy minister for development at the Ministry of Labor from 2011 to 2016. Before that, he headed the research department of the Capital Market Authority from 2007 to 2011. He supervised and followed up projects at Zhair Fayez Partnership – Consultant and was a statistical adviser for Economic Studies House, where he directed and supervised the study “The nationalization of private education jobs in the Kingdom of Saudi Arabia.”
Homegrown businesses meet growing demand for natural self-care products
Updated 10 April 2021
April 10, 2021 23:24
JEDDAH: The COVID-19 pandemic has led to a rise in health awareness worldwide as consumers question their pre-virus lifestyle, and adopt more hygienic, healthy and environmentally friendly behaviors.
Saudis are no exception. Many are embracing healthier lifestyles and practices, seeking natural products to improve their health and prevent diseases, resulting in a growing demand for local eco-friendly, natural and organic beauty products.
According to a recent Mordor Intelligence forecast on the Saudi beauty market from 2021 to 2026, there is a growing demand for natural, organic, herbal and halal products, along with innovative and eco-friendly packaging and designs.
Weak oil prices pushed Saudi export revenue down 25% in October By Reema Alothman on 12/24/2020
(Bloomberg) Saudi Arabiaâs export revenue fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices.
Exports fell to 57.8 billion riyals ($15.4 billion) from 76.8 billion riyals in 2019, the General Authority for Statistics said in a statement on Thursday. Revenues from oil exports fell by 32.7% during the same period.
Below are some of the highlights from the October trade report:
Non-oil exports declined 0.3% to about 18.9 billion riyals, led by a slowdown in chemicals and related industries, where sales abroad dropped 12.5%
RIYADH: A total of 306 new international companies were granted investor licenses in Saudi Arabia in the third quarter of 2020, a 96 percent increase on the previous three-month period, the Kingdom’s investment ministry announced on Tuesday.
The ministry released the figures as part of its new Investment Highlights Fall 2020 report, which provides an overview of the development of the Kingdom’s investment environment.
Saudi Minister of Investment Khalid Al-Falih said the latest figures showed that the Kingdom was able to retain the long-term confidence of the global investor community, and was achieving “steady and positive” economic recovery.
“Resilience against a backdrop of global uncertainty is a clear sign that the Saudi opportunity has not changed. We look forward to continuing our support of foreign investors as they access and enjoy the benefits of the Kingdom’s emerging opportunities,” he said.
BW Businessworld
Saudi Economy Shrinks 4.6% In Third Quarter As Oil Sector Takes A Hit
The economy shrank 4.6% in the third quarter, rebounding slightly from the 7% slump in the previous quarter but marked by declines in both the oil and non-oil sectors
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Saudi Arabia s economy shrank more slowly in the third quarter as the government eased some coronavirus restrictions but the pandemic-hit oil sector continued to weigh on the broader economy, official data showed on Thursday.
The economy shrank 4.6% in the third quarter, rebounding slightly from the 7% slump in the previous quarter but marked by declines in both the oil and non-oil sectors, the data showed.