A high-level workshop organised by the World Economic Foundation (WEF) on "creating a supportive environment for private sector growth" was hosted yesterday by the Economic Development Board (EDB).
Attended by around 30
The International Monetary Fund's forecast for Saudi Arabia's economic growth of 4.4 percent this year is reasonable and achievable, the country's central bank governor Fahad al-Mubarak said on Sunday.
"We see tha
The Gulf Arab States need to create a massive 600,000 jobs by 2018, just to maintain a credible percentage of nationals working in the private sector, according to the International Monetary Fund (IMF).
The regional private sector
Saudi Arabia has doubled the number of its citizens working for private companies in the 30 months since it introduced wide-ranging reforms to tackle long-term unemployment, Labour Minister Adel Al-Fakeih said.
Policy makers fear
Saudi Arabia needs to strengthen its private sector to satisfy demand for jobs by its young population and reduce its dependence on oil exports, said a senior International Monetary Fund official.
The world's top oil exporter
Tamkeen, an initiative tasked with developing Bahrain’s private sector, will present its 2014 Operational Plan at an event on Thursday (November 21).
The plan has been prepared after gathering public opinion through the vari
GCC nationals working in the private sector report significantly higher levels of engagement (45 per cent) compared to their counterparts in the public sector (37 per cent), a report said.
This is despite the perceived attractiven
High loan growth to the private sector in Saudi Arabia is likely to continue in the next two to three years as government spending supports a surging economy, said the managing director of Saudi British Bank (SABB).
According to c
Driven primarily by the private sector, bond issuance in the GCC increased 13.2 per cent year-on-year during the first six months of the year, with the total worth of debt securities reaching $30.1 billion, a report said.