The unemployment rate among 15 to 24 year olds in the Middle East region has surged to 23 per cent, the second highest in the world, according to a recent study by Deloitte, a leading provider of financial advisory services.
Deloitte in it
Saudi Arabia aims to cut unemployment in the Kingdom to 5.5 per cent, from 9.6 per cent at the end of last year under a new five-year development plan. In June, the Labour Ministry put the 2009 jobless rate at 10.5 per cent.
The Saudi cabi
Japan has edged back into deflation, less than two years after it last escaped it, and joblessness is rising at a record rate, according to a report.
This has added to the strains for the Japanese economy even as hard-hit manufacturers sho
Unemployment in Egypt fell to 8.6 per cent of the workforce in the July-September quarter of 2008, from 8.9 per cent in the same period of 2007, the Egyptian government statistics agency Capmas said.
The agency said there were 2.121 millio
The uneven distribution of economic development has resulted in the rising number of jobless UAE nationals in Abu Dhabi, according to a government official, a report said.
'The UAE is creating 300,000 jobs every year, yet it cannot del
Bahrain's unemployment rate has dropped from 16.5 per cent to three per cent in three years, Labour Minister Dr Majeed Al Alawi has revealed.
The number of unemployed Bahrainis now stands at 4,065, he told a press conference at the Labour