Saudi Arabia’s AI Surge: Leading The Charge In Women’s Empowerment And Job Growth

by News Editor

April 10, 2025

Saudi Arabia has cemented its position as a rising powerhouse in artificial intelligence, securing the top global ranking for women’s empowerment in AI, according to Stanford University’s AI Index Report 2025. The Kingdom is also making waves in AI job growth, talent attraction, and cutting-edge model development—key indicators of its broader push to dominate the global AI landscape.

AI Talent And Job Growth: A Strategic Push

Saudi Arabia’s aggressive investment in AI is paying off. The Kingdom now ranks third worldwide in AI job growth for 2024 and fourth in developing leading AI models. It stands alongside the United States, China, France, Canada, and South Korea as one of only seven nations producing advanced AI models—an impressive feat for a country rapidly scaling its digital economy.

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A Rising AI Hub: Attracting Global Talent

Ranked eighth globally in AI talent attraction, Saudi Arabia is becoming a magnet for top-tier professionals. Strategic initiatives, a robust research ecosystem, and a business-friendly regulatory framework make the Kingdom an increasingly attractive destination for AI experts seeking opportunities in a fast-growing market.

Women At The Forefront Of AI

Perhaps the most striking achievement is Saudi Arabia’s global leadership in empowering women in AI, with the highest female-to-male ratio in the sector. This milestone is the result of targeted national policies that foster inclusion, skills development, and leadership opportunities for women in technology. Programs like “Elevate,” a partnership with Google Cloud designed to train over 25,000 women in AI and tech, are shaping a new generation of female AI leaders. Additional initiatives, including specialized training camps and capacity-building programs, are reinforcing the Kingdom’s commitment to gender diversity in STEM fields.

Saudi Arabia’s AI Vision: Scaling To Global Leadership

At the heart of Saudi Arabia’s AI dominance is the Saudi Data and Artificial Intelligence Authority (SDAIA), which is spearheading national efforts to drive AI adoption. SDAIA’s strategy focuses on enhancing digital infrastructure, developing policy frameworks, and accelerating AI investment to position Saudi Arabia as a global leader in artificial intelligence. These moves align seamlessly with the ambitious goals of Vision 2030, which aims to transform the Kingdom into a knowledge-driven economy powered by innovation.

As Saudi Arabia continues its AI expansion, the message is clear: the Kingdom is not just participating in the AI revolution—it’s setting the pace.

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Cyprus Government Surplus Rises To €1.61 Billion In First Nine Months Of 2026

by THEFUTURE.TEAM

November 5, 2026

Cyprus recorded a general government surplus of €1.61 billion in the first nine months of 2026, equal to 4.0% of gross domestic product, as revenue growth outpaced the rise in public spending. Higher receipts from income taxes, social contributions and value-added tax (VAT) drove the improvement, while lower capital expenditure helped restrain spending.

Preliminary figures released Tuesday by the Statistical Service of Cyprus show the surplus rose to €1.17 billion, or 3.0% of GDP, up from € 442.1 million in the same period of 2025.

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Total government revenue increased 6.5% to €12.09 billion, while expenditure rose 2.9% to €10.48 billion.

Key Fiscal Measure	January–September 2025	January–September 2026
Total revenue	€11,353.9 million	€12,091.8 million
Total expenditure	€10,186.2 million	€10,482.1 million
Government surplus	€1,167.6 million	€1,609.7 million
Surplus as a share of GDP	3.0%	4.0%

Income Taxes And VAT Lead Revenue Growth

Taxes on income and wealth made the largest contribution to the increase in revenue. Receipts in this category climbed by €442.2 million, or 15.3%, to €3.34 billion, compared with €2.89 billion a year earlier.

Social contributions rose by €235 million, or 6.6%, to €3.78 billion. Taxes on production and imports increased by €251.5 million, or 7.2%, reaching €3.77 billion.

Net VAT receipts, after refunds, totalled €2.64 billion, up €293.1 million, or 12.5%, from €2.35 billion in the first nine months of 2025.

Some Revenue Streams Decline

Not all revenue categories moved higher. Capital transfers fell by €74.6 million to €96.7 million, while current transfers declined by €71.6 million, or 20.5%, to €278.2 million.

Revenue from services slipped 1.0% to €743.5 million. Interest and dividend receipts dropped by €37 million, or 28.6%, to €92.4 million.

Social Benefits And Personnel Costs Increase

On the expenditure side, social benefits rose by €199.6 million, or 4.9%, to €4.27 billion. Compensation of employees—which includes imputed social contributions and public-sector pensions—increased by €108.3 million, or 3.8%, to €2.99 billion.

Intermediate consumption, covering goods and services used in the delivery of public services, rose by €114.3 million, or 11.0%, to €1.16 billion. Interest payments increased by €8.7 million, or 2.6%, to €340.7 million. Current transfers were up €68.7 million, or 10.6%, at €714.7 million.

Lower Capital Spending Limits Expenditure Growth

The overall increase in spending was tempered by a decline in capital expenditure. Capital-account spending fell by €189.9 million, or 16.9%, to €936.2 million from €1.13 billion in the same period last year.

Investment in fixed capital declined by €94.1 million, or 12.1%, to €686.4 million. Other capital transfers fell by €95.8 million, or 27.7%, to €249.8 million. Subsidies also decreased, dropping by €13.9 million, or 15.5%, to €75.8 million.

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