Innovation, flexibility fuel GCC remote work growth
The UAE especially has become a regional hub for remote work, attracting digital nomads and businesses with its visa programs.
US and UAE creating jobs of the future: AmCham Abu Dhabi executive
American companies are creating a framework for future jobs, which is a new area of cooperation between the US and the UAE, a senior executive of an American business body has said. "We’re actually creating a curriculum in American companies for jobs that don’t exist. So, the US and the...Masdar to build Armenia’s largest solar plant on DFBOO basis
Masdar, a renewable energy company and a subsidiary of Mubadala Investment Company, will build a 200-megawatt solar photovoltaic (PV) plant in Armenia under an MoU it signed with the Armenian government. The Ayg-1 project will be Armenia’s largest utility-scale solar plant. The Government Support Agreement (GSA) was signed by Gnel...Samsung to build $17 billion microchip plant in Texas
Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor shortages are causing supply chain delays across many industries. "Welcome to Texas, Samsung!' tweeted Texas' Republican governor Greg Abbott, who called the planned factory "the largest foreign direct investment in...Dubai non-oil economy surges to two-year high in October
Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity at the start of Expo 2020. The seasonally adjusted IHS Markit Dubai Purchasing Managers' Index climbed to 54.5 in October, from 51.5 in September, marking the sharpest improvement in business...Recovering US economy adds 531,000 jobs in October
The unemployment rate also dropped slightly from 4.8% to 4.6%, the lowest since the pandemic.UAE and Blue Origin to explore space economy and space tourism opportunities
The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue Origin, an aerospace manufacturer and spaceflight service company. In this direction, Abdullah bin Touq Al Marri, Minister of Economy, along with Dr. Ahmad Belhoul Al Falasi, Minister of State for...Tunisia: Investment in services reach $252m in nine months of 2021
Tunisia has witnessed an investment of 713.4 million dinars ($252 million) in service activities during the first nine months of 2021, nearly the same level as in 2020. According to data recently published by the Agency for the Promotion of Industry and Innovation (APII), these investments will be mobilized under...Renewable energy jobs reach 12 million globally
A report by the International Renewable Energy Agency confirms Covid-19 caused delays and supply chain disruptions, with impacts on jobs varying by country and end use.DP World and UK’s CDC Group to create Africa investment platform
DP World will contribute its stakes in three existing ports and invest $1 billion over the next few years through an investment platform to be created in partnership with CDC Group (CDC), the UK's development finance institution and impact investor. The platform covers a long-term investment period. CDC is committing...Kuwait to push for more private sector jobs in order to reduce state wage bill
Kuwait will nudge job seekers in the country toward the private sector in order to reduce state wage bill. The country’s cabinet has asked its Manpower Authority to get another 100,000 citizens working in the private sector in the next four years.Expectations rise for Expo 2020 gains to materialize
A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.Saudi CMA looks to double $213bn funds under its control
The Saudi Capital Market Authority (CMA) intends to double the $213 billion funds under its management.Abu Dhabi Stem Cells Center to hire 1,000 citizens in 5 years
The Abu Dhabi Stem Cells Center will hire 1,000 citizens during the next five years in medical and administrative roles, as well as train Emirati medical cadres.Amazon to hire 1,500 people in UAE as it expands business
Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope with the potential hike in demand as it seeks to expand its presence in the country.‘Apathy and despair’ as Iraq looks to October election
The polls were initially scheduled for 2022, but moved forward to June this year, then postponed to October.UAE to spend $6.53bn to create 75,000 jobs
The United Arab Emirates (UAE) intends to spend some $6.53 billion over the next five years in order to create jobs for 75,000 Emiratis in the private sector.UAE investors behind Bahrain’s $492m tourism investment
Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.UAE economy forecast to grow 4% this year
The United Arab Emirates has forecast for its economy to grow by more than four percent this year, a level higher than previously forecast.1.8 million Saudis employed under Nitaqat program
Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi nationals.UAE posts fastest job growth in three years
The UAE has recorded a sharp growth in employment for the first time in more than three years, with a rebound in economy fueled by non-oil private sector growth in August.IsDB launches $100m fund in Uzbekistan
The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.All projects under Saudi Vision 2030 ‘colossal’
The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision for an ultra-modern future to the world, says Knight Frank. Neom, a project for a smart and tourist cross-border city in the far north-west of Saudi Arabia, alone will cost...Saudi Arabia to create million tourism jobs by 2030
Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations and eyes 100 million tourists by 2030.16000 more Palestinians to get work permits in Israel
Jobs in Israel offer higher wages but Palestinians complain they do not get paid as much as their Israeli counterparts.Saudi Central Bank has a plan to create 200,000 jobs
If the Saudi Central Bank’s (SAMA) plan to increase the number of locals working in the financial sector succeeds, it could end up creating nearly 200,000 jobs for Saudi citizens.Fewer foreign workers leave Saudi job market in Q1 2021
The highest (237,000) number of foreigners left their jobs between the second and third quarters of 2020Dubai Airports to add 3,500 jobs as key terminals reopen this week
Opening terminals will boost the airport's PCR testing capacity 3500 employees will either be new hires or the ones waiting to be reactivated Dubai Airports will add about 3,500 employees, some of whom are waiting to rejoin their jobs while others would be new hires, according to the CEO of...PricewaterhouseCoopers Middle East commits to creating 6000 jobs in 5 years
Creating an ESG Centre of Excellence in the region part of 'The New Equation' strategy Firm announces its commitment to hire more than 500 graduates a year and train them for a strong career Auditing, assurance and consulting firm PricewaterhouseCoopers (PwC) Middle East has said that it is...57% UAE workforce won’t survive financially in event of critical illness
A quarter of UAE employees would not last a month if laid off due to critical illness Critical illness cover, replacing income lost due to illness, is the responsible thing to do About 57 percent of the UAE workforce are not financially prepared to survive three months in the event...Expats leave Oman in droves as country struggles to contain unemployment
Some 200,000 expats leave Oman as country wrestles with rising unemployment The Coronavirus pandemic and low oil prices last year drove the exodus Some 200,000 foreign workers left Oman in a year as the coronavirus pandemic and low oil prices dealt a blow to Omani economy, and the country now...Omani Sultan offers jobs to pacify protests
Sultan Haitham ordered the creation of 32000 job opportunities, 12000 of them in the government sectorQatar is the go to place for migrants workers looking for a decent life
Qatar employs some 2.3 million migrant workers in a total population of 2.6 million