Arab Today, arab today rising joblessness in gcc ‘alarming
Last Updated : GMT 00:26:33
Arab Today, arab today
Arab Today, arab today

Rising joblessness in GCC ‘alarming

Arab Today, arab today

Arab Today, arab today Rising joblessness in GCC ‘alarming

Jeddah - Arabstoday

The economic development programs in GCC countries succeeded in raising living standards but failed to create enough jobs to absorb the growing work force entering the labor market. Results of a study released by Gulf Investment Corporation (GIC) reported rates of unemployment among GCC citizens is steadily increasing; exceeding 10.5 percent in Saudi Arabia, 14 percent in the United Arab Emirates, 8 percent in Oman and Bahrain, 6 percent in Kuwait and 3 percent in Qatar. Unemployment is notably higher among 19 to 25 year-olds; 30 percent in Saudi Arabia, 28 percent in Bahrain, 23 percent in Oman, 24 percent in the UAE, 23 percent in Oman, and 12 percent in Kuwait. Based on International Monetary Fund estimates, the next few years will see a continuous increase in unemployed GCC citizens. It is expected the unemployed work force will reach 2-3 million unless measures to create job opportunities are addressed. The GIC report attributes the unemployment problem to three main elements: economic, educational and demographic. Demographically, the GCC population is growing rapidly, especially the younger generation seeking to enter the labor market. The GCC economy was based on a public sector ideology since the middle of last century and therefore monopolized economic and investment activities and recruited the national work force at higher salaries. The private sector firms recruited and depended on a foreign work force at relatively lower salaries creating a significant gap between the public and private sectors. The GIC study outlines recommendations including the creation of a fund to support small and medium enterprises for young graduates and entrepreneurs. It recommends GCC governments implement programs for the nationalization of jobs within strict time frames and make the implementation of local hire programs a precondition in the awarding of contracts to international companies. The GIC study also recommended bridging salary gaps, job benefits and working conditions in the public and private sectors. From : Arabnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rising joblessness in gcc ‘alarming Arab Today, arab today rising joblessness in gcc ‘alarming

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rising joblessness in gcc ‘alarming Arab Today, arab today rising joblessness in gcc ‘alarming

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday