SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and reinforcing the position of the emirate of Sharjah as a global business hub. The SCCI also bolstered its competitiveness by protecting the interests of businessmen and supporting its members in...

The UAE - like other oil-rich Arab Gulf states - has often used the public sector as an employment vehicle for its nationals. But times are changing, said 34-year-old Emirati researcher Khalifa al-Suwaidi, who has himself been looking for a private sector job since quitting a government post in June....

Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the economy.​ 

There is a need for concerted efforts by citizens and residents to make this global event a success, Sheikh Khalifa bin Jassim said in an interview to a local Qatari newspaper, adding that the World Cup Qatar 2022 will leave a unique imprint in the history of the FIFA World...

The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes offered by NAFIS.

The Sharjah Chamber of Commerce and Industry (SCCI) has recommended several measures to strengthen the emirate’s public-private partnerships (PPPs).

The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive, in line with the UAE Net Zero 2050 Strategic Initiative.

The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities in the sector.

The Ministry of Human Resources and Emiratisation said in its private sector workforce report that the construction sector accounted for the largest chunk of new work permits issued during Q2, followed by the business services sector and the trade and repair services sector.

NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the benefits of working in the private sector, was launched in the UAE on Monday. The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour...

A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several upcoming bilateral projects between the two countries.

IPP model enabled DEWA to save an additional investment of AED 26 billion, which it invested in other infrastructure projects.

The Kingdom is stepping forward and allowing the private firms to invest in healthcare infrastructure, Sandeep Sinha, Head of Healthcare Consulting - MENA at JLL, tells TRENDS.

Minister of Economy and Chairman of the UAE International Investors Council Abdullah bin Touq Al Marri said, in a meeting, the council has set up a platform to protect and support the interests of Emirati companies and investments abroad. The meeting also discussed the advantages of CEPA signed with India,...

The Abu Dhabi Chamber of Commerce and Industry has organized an awareness session on increasing Emiratization rates in the private sector. It has been organized in cooperation with the Ministry of Human Resources and Emiratization, the Abu Dhabi Department of Economic Development and the Emirati Talent Competitiveness Council.

Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate change but insufficient expertize remains a challenge.

Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment and their reliance on expat workers.

Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and culture, and renewable energy.

A new classification system for companies in the private sector came into force on Wednesday, according to the Ministry of Human Resources and Emiratisation (MOHRE)

Executive regulations governing public-private partnership will be issued soon, an official of the Finance Ministry said.

The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the growth of the private sector. As part of its third ordinary session of the 10th legislative chapter, the committee stressed that its vision, supported by Dr. Sheikh Sultan bin Muhammad...

Egyptian Prime Minister Mostafa Madbouli announced Sunday a string of planned privatisations of state-owned companies, as Cairo grapples with an economic crisis and inflation at almost 15 percent. Following years of accusations of state companies crowding out private investments, the government announced a roadmap on Sunday to more than double...

NAFIS, the federal program aims to increase the competitiveness of the Emirati workforce and to facilitate the private sector.

The Central Bank of the UAE said that total bank deposits increased by 0.3 percent, climbing from AED 1,982.4 billion at the end of January 2022 to AED 1,988.2 billion at the end of February 2022. The bank said the rise in total bank deposits was due to growth in...

The privatization move will also help the regional governments in maintaining better economic growth, increasing private participation and attracting foreign investments.

According to a Jordanian Trade Ministry statement, the two countries discussed preparations for holding the 17th session of the Joint Commercial Committee meetings.

The two countries discussed reducing obstacles facing the two-way flow of imports into the countries and enhancing trade and economic relations.

Oman and Finland are looking to boost cooperation between the private sectors of two countries, particularly in the fields of industry, technology and services.

The UAE has introduced a "NAFIS" program to foster positive competition among UAE nationals, and enable them to take job opportunities in the private sector. The Emirati Talent Competitiveness Council (ETCC), in cooperation with the Federal Youth Authority, organized an event in the Youth Pavilion at Expo 2020 Dubai to...

Boutique Group, a new hospitality brand that will manage and convert a collection of iconic historic and cultural palaces in Saudi Arabia into ultra-luxury boutique hotels, was launched by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. Saudi media reports said the company will revive the heritage and culture...

The Ministry of Human Resources and Emiratisation (MoHRE) has asked private sector establishments to pay the wages of their workers through the Wage Protection System (WPS) on the scheduled dates.

The number of Saudi nationals who got jobs in the private sector crossed 1.9 million in 2021, the highest number of citizens hired in a year.

Jordan’s persistently high levels of unemployment are driven by the limited capacity of its private sector to create more and better jobs. The private sector generates far fewer jobs than the number of new entrants into the labor force, and the public sector is not able to make up for...

Jordan’s Investment Minister, Khairy Amro, said the investment law, which the government is currently working on, will cope with the most developed international laws in this field.

Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...

The Ministry of Labor stressed the importance of securing the work environment for the Qatari employee.

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....

Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel.

Saudi Arabia seeks to boost its economic output to reach $1.71 trillion, Saudi Investment Minister Khalid Al-Falih said on Wednesday.

The Saudi Industrial Development Fund has unveiled a set of programs and initiatives as part of its annual meeting to empower the private sector today.

There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.

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.

Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries for food security soon

During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth $10.4 billion in the MENA region.

The existing method of appraisal is based on work experience, an employee’s behavior, and how long he/she spends at work.

Labor force participation rate for women rose to 33.6% in Q1 2021 94 percent of the unemployed open to taking up a private-sector job The unemployment rate among Saudi Arabia's working-age populations dropped in the first quarter of 2021 while more women joined the workforce during this period, official data...