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.
Total bank credit in Kuwait rose by a strong KD290 million ($1.01 billion) in May to KD27.8 billion, with year-on-year (y/y) credit growth accelerating to 6.4 per cent, the fastest pace since the slowdown of late-2009, a report said.
Private sector contributions and investments are increasingly needed to respond to a growing healthcare demand in Saudi Arabia, said Deloitte healthcare experts.
The challenges and opportunities facing the Saudi healthcare sector
A law that defines the Bahrainisation quota in the private sector on a percentage system is likely to be amended into a qualitative-based scheme which focuses on the quality of jobs offered to Bahrainis, said a senior government official.
While the civilian job growth in Kuwait recorded a solid increase of 4.4 per cent during 2012, the expatriate employment prospects were primarily driven by firmer private sector hiring, particularly in unskilled recruitment, a report said.
The number of women joining the private sector in Bahrain has increased by 73.5 per cent in 2010 to more than 25,000 compared with 2002, as against 45 per cent in the public sector, a report said.
Despite all efforts being made to