INSEAD Day 4 - 728x90

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.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Joblessness in Egypt grows 7.5% to 2.2m in 3Q

Workers at a construction site in Egypt.
  • According to the Central Agency for Public Mobilization and Statistics the size of the labor force increased 0.9 percent to 29.4 million from 29.1 million individuals
  • The bulletin attributed the rise of unemployment and labor force to the influx of new graduates during the months of August and September into the labor market

The number of people out of work in Egypt grew 7.5 percent to 2.2 million in the third quarter of 2021, compared to 2.1 million in the second quarter of 2021.

According to the Central Agency for Public Mobilization and Statistics the size of the labor force increased 0.9 percent to 29.4 million from 29.1 million individuals during the previous quarter.

The bulletin attributed the rise of unemployment and labor force to the influx of new graduates during the months of August and September into the labor market.

Agriculture and fishing were the top sectors in terms of employment followed by education, public administration and compulsory social security.