Job Market Monitor
Middle East
The Future of Work – The Middle East and North Africa
Education and work in the Middle East and North Africa region will determine the livelihoods of over 300 million people and drive growth and development for generations to come. As one of the youngest populations in the world, it is imperative that the region make adequate investments in education and learning that hold value in … Continue reading
Middle East’s youth unemployment – 27 million not in education, employment, or training
Unemployment across the Middle East and North Africa (Mena) region is expected to surge in the coming years as a combination of structural and cyclical factors is adversely impacting job creation in both oil-exporting and oil-importing countries. According to a recent report ‘Re-Dynamising the Job Machine: Technology-Driven Transformation of Labor Markets in MENA’, produced jointly … Continue reading
Youth Unemployment in the Mideast
The numbers are striking: almost 28 percent of youth in the region are unemployed, according to the International Labor Organization. In addition, more than 50 percent of the Arab world is under 25 years old. Youth unemployment may be the biggest challenge facing the region, due to a demographic “youth bulge.” Surprisingly, a college education … Continue reading
Middle East – 53% of finance professionals are actively looking for a new job, the highest pourcentage
With extensive job cuts over the last six years and ongoing prudence around pay, financial service employees have every right to feel a little gloomy in the workplace, and yet the majority of people working in the industry are still happy in their roles and the majority are not looking to leave their current job. Only … Continue reading
Middle East – A growing gap between education and market demand
Educational challenges across the Middle East vary from country to country, but one thing remains the same – the growing gap between education and market demand. The urgent need for educators to produce graduates who possess skills sought after by employers took centre stage on Monday at a panel discussion during the second day of … Continue reading
Middle East and North Africa – Bridging the Skills Gap
OFFICIALS hope a regional labour market study will help identify how to empower Bahrainis working in the private sector. Many are keen to bridge the gap between their qualifications and job requirements, according to the preliminary findings of a new research conducted by global human resources company Aon Hewitt. Said to be the largest study … Continue reading
Iran | At least 100,000 Layoffs Last Year
More than 100,000 Iranian workers lost their jobs in the past year alone, says the head of Iran’s House of Labour. According to Iran’s Labour news agency Ilna, Alireza Mahjoub, head of the state-sponsored union body, said that in the past year 100,000 workers had been laid off from one thousand production units across the … Continue reading
1,000 jobs for Irish in Middle East, says an international consultancy
A MAJOR international consultancy has up to 1,000 jobs available for highly qualified Irish construction staff as it ramps up its operations in the Middle East, which is enjoying a boom in infrastructure spending. Hyder Consulting, which already employs nearly 4,000 people in the UK, Germany, the Middle East and Asia, is attempting to hire … Continue reading
World | Global Unemployment at 8% in 2011
Global unemployment remained stable at 8% between 2010 and 2011, according to Gallup surveys in 148 countries. Unemployment was highest in the Middle East and North Africa (22%) and sub-Saharan Africa (17%) last year and lowest in Asia (5%). Countries and territories such as South Africa, Botswana, Swaziland, Iran, Iraq, and the Palestinian Territories — … Continue reading
Emirates | More Europeans Coming for Jobs
With euro zone unemployment at an all-time high, big influx of job-seekers in UAE and region expected As the euro zone unemployment rate hits all-time high, the number of candidates looking to come to the UAE and the region has gone up. This may be good news for employers who are looking for a bigger … Continue reading
Microsoft, Silatech launch Egypt job portal
Qatar-based Silatech has partnered with Microsoft to launch MasrWorks.com, an online employability portal for Egypt that supports workforce development for the country’s youth. MasrWorks is available in both Arabic and English, and provides resources ranging from online career guidance, employability and entrepreneurship training, to specific work experience and job opportunities. MasrWorks represents the first stage of … Continue reading
Arab Spring turns to economic winter
The world’s highest youth jobless rate left the Middle East vulnerable to the uprisings that ousted Egypt’s Hosni Mubarak and three other leaders in the past year. It has got worse since then. About 1 million Egyptians lost their jobs in 2011 as the economy shrank for the first time in decades. Unemployment in Tunisia, … Continue reading
UK and Europe Very Likely to See Oil Refineries Shut Down | Electric.co.uk News
According to new reports, it is very likely that oil refineries across Europe (including the UK) are likely to be shut down. This news came by way of a warning from the boss of Essar Energy. In fact, this India based company said that larger refineries such as its Stanlow facility in Cheshire will survive … Continue reading
Fast Growth for India’s Outsourcing Industry, Despite Weak Global Economy – NYTimes.com
India’s internet technology industry continues to expand, despite weak economies in key markets in United States and Europe, thanks to domestic growth and a push into new regions like the Middle East and Africa. Revenues for India’s information technology and outsourcing industries are expected to cross $100 billion this financial year, a 14.8 percent increase … Continue reading
VTB Capital’s hiring spree signals global intent | Reuters
VTB Capital continues its global expansion with a series of hires in its Middle East and Africa investment banking business. The Russian bank has taken on five people in Dubai from rival global firms including Credit Suisse, Deutsche Bank and UBS, IFR can reveal. The hires include James Williams as head of Middle East equity … Continue reading
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