Nearly 5% of its workforce will be hit by the cuts.

The IMF said the debt relief will facilitate access to additional financial resources that will help it strengthen economy, reduce poverty, and promote job creation. Somalia is one of the poorest in the world, struggling to recover from decades of civil war, and with 70% of its population living on...

CAMBRIDGE, US - Harvard University's president, under fire over testimony she gave about anti-Semitism on campus, will remain in her job after a meeting of the institution's governing body issued a statement backing her on Tuesday.Claudine Gay has been engulfed by criticism after she declined to unequivocally say whether calling for...

The mood was brightened by a report that China's biggest state-backed banks would slash rates on mortgages and deposits as part of a drive to support the country's beleaguered property sector. Wall Street enjoyed one of its best days in months thanks to a surge in big names -- including...

Amman, Jordan-- Jordan's King Abdullah has called for enhancing the investment environment in the kingdom in order to propel economic growth and job creation.During a meeting at Al Husseiniya Palace on Wednesday to follow up on the implementation of the Investment Ministry’s action plan, King Abdullah highlighted the need to...

The confirmation of an increased participation of women in workplace comes months after the TOP CEO Conference held in May 2022 had highlighted its economic justifications.

Traders are growing confident that the Federal Reserve will slow its pace of rate hikes after Fed boss Jerome Powell this week indicated that the days of jumbo 0.75-percentage-point increases were over.

Swedish fashion retailer H&M said Wednesday it would cut some 1,500 jobs worldwide as a result of a cost-cutting programme launched following its decision to leave the Russian market. "The programme relates to administrative and overhead costs, and also entails reducing the workforce by around 1,500 positions," the company said...

Hardening its stance on the dress code, Iran has fired a bank manager who served an unveiled woman, according to local media even as demonstrations triggered by the mandatory head covering rule shake the country. Women in Iran are required to cover their heads, necks, and hair.

Both employers and employees stand to benefit from the UAE's recent labor law amendments, Ben Brown, Partner at the law firm Addleshaw Goddard, tells TRENDS.

Dubai, UAE---Dubai Integrated Economic Zones Authority (DIEZ) will collaborate with DP World to support the Tumoohi Initiative, a training program designed to boost the careers of Emiratis by helping them develop skills needed for the highly competitive job market. By providing unique training programs and hands-on workplace experience at a...

Riyadh, Saudi Arabia---Saudi Arabia will target 11 new decisions for Emiratisation program in project management, procurement, food and drug sectors before the end of 2022, said Ahmed bin Sulaiman Al-Rajhi, the Minister of Human Resources and Social Development. During his meeting with businessmen and women at the Chamber of Commerce...

Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of the regulators of priority sectors in the localization of jobs. Announcing the launch, labor minister Dr. Ali bin Saeed bin Smaikh Al Marri said the sectors involved are services, tourism...

When asked why professionals may change their careers entirely, “to find their real passion” ranked first (37%) followed by opportunities to learn and challenge themselves (33%), better compensation (18%).

Qatar Chamber and the Jordanian Ministry of Labor discussed Tuesday ways to enhance bilateral relations and the private sector's role in enhancing cooperation between the two parties. This came during the meeting of Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Jordanian Minister of Labor Nayef Stetieh. The...

The insurance is being hailed as a step in increasing the attractiveness of the UAE labor market and its ability to attract local and international talent.

It will set up facilities along the Arabian Gulf and the Red Sea.

During the past four years, the kingdom has created 555,000 new jobs as part of its plan to develop $1 trillion worth of new projects to meet its Vision 2030 goal.

The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared to the corresponding period of 2020, and hiring activity will continue to strengthen in 2022, said recruitment specialist Cooper Fitch. Job creation across the region was driven primarily by a...

The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and less expensive for startups to do business across borders, local media reports said. This opens up potentially lucrative markets with a combined population of more than half a billion people...

Around 60,000 Saudi nationals were added to the kingdom's private-sector labor force under the Saudization program during the third quarter of 2021, the National Labor Observatory (NLO) has said. The percentage of Saudis in the private sector increased to 23.59 percent, up by 0.96 percent compared to the previous quarter....

Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai Economy reported on Sunday. 

The US-based company will replace LinkedIn in China with an application dedicated to applying for jobs but without the networking features.

Saudi males found securing jobs was easier than women in the kingdom in the second quarter of 2021, lowering unemployment rate to 11.3 percent.

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi nationals into the country’s labor market Saudi Arabia will provide 40,000 jobs to its nationals in law firms, customs clearance, real estate, the cinema sector, driving schools, technical and engineering...

The funding to Egyptian businesses is expected to boost job creation The funding will also go towards purchasing factory machinery and medical equipment Small and medium-size enterprises in Egypt will receive a big boost from Saudi Arabia in more than $17.25 million funding, allowing them to stay afloat. This was...