Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Gulf countries witness dip in unemployment rates

  • The Gulf countries have taken several measures to increase the employment, especially in the UAE and KSA. This week's TRENDS Infographic looks at job situation in the region
  • The measures have led to an increase in employment in most of the GCC countries, but the Ukraine-Russia crisis, global economic turbulence and Covid-19 may pose challenges

The Gulf Cooperation Council (GCC) countries have taken several measures to increase the local employment, especially the UAE and Saudi Arabia, which requires the private sector to set aside a certain percentage of their jobs for the nationals.

The UAE has amended several legislations and implemented financial support scheme in addition to other benefits to drive work opportunities for both young and experienced Emiratis in the private sector.

The UAE has allocated AED24 billion to support the private sector and create 75,000 job opportunities for Emiratis over the coming few years.

The Emirati Talent Competitive Council aims to increase the competitiveness of Emirati talents and enabling them to occupy 75,000 new jobs in the private sector over the next five years.

GCC countries have also established electronic platforms for hiring their citizens. These platforms provide residents with quick and accessible electronic services for applying for government and private sector jobs.

The measures have led to an increase in employment in most of the GCC countries, but the Ukraine-Russia crisis, global economic turbulence and the aftermath of Covid-19 may pose challenges. TRENDS looks at employment situation in the GCC region: