One million nationals of oil-rich Gulf Arabs states may be jobless or seeking careers in a bloated public sector by 2018 unless measures are taken to create more private sector jobs, the International Monetary Fund said Continue reading
Gulf oil producers have one of the lowest joblessness rates in the world but unemployment among nationals, mainly the youth, remain a problem because of their heavy reliance on expatriates, according to Saudi bank study. Unemployment among native citizens in the six-nation Gulf Cooperation Council (GCC), the richest in the Arab world, has remained far … Continue reading