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Oman sets 5pc minimum target for SME lendingOman's central bank has stipulated that commercial banks' loans to small and medium-sized firms must account for at least 5 per cent of their total loans, in a new rule aimed at easing une More… |
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Spanish unemployment tops 6 millionMore than six million Spaniards were out of work in the first quarter of this year, raising the jobless rate in the euro zone's fourth biggest economy to 27.2 per cent, the highest since records began in the 1970s. The huge su More… |
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Saudia, SAP to combat youth unemploymentSaudia has signed an agreement with leading business software company SAP to set up a unique competency center at the King Abdullah Economic City for teaching essential business, IT and leadership skills to Saudi graduates. The jo More… |
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Bahrain unemployment level below 3.75pcBahrain's unemployment level has dipped to below 3.75 per cent, Labour Minister Jameel Humaidan revealed at the 10th Career Expo being held at the Intermediate Girls School in Hamad Town. After touring stalls and holding discu More… |
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Arab Spring states to recover slowly in 2013: IMFMost economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to poor global conditions, the International Monetary Fund predicted in a report on Sunday More… |
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Choosy Omanis add to jobs headacheRushing out of a bank door, Harith Mohsin smiled as he clutched a paper approving a $50,000 state loan to start his own business, happy that he would no longer have to depend on unemployment benefits. More… |
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Euro zone unemployment hits new highJoblessness in the euro zone rose to a new record high in May, pushed up by lay-offs in France, Spain and even stable Austria, as the 2-1/2 year debt crisis continued to eat away at the currency bloc's fragile economy. Around 17.56 million More… |
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Bahrain’s unemployment rate drops to 3.8pcMore than 2,000 people in Bahrain were employed in the last three months as unemployment rate dropped to 3.8 per cent from 4.1 per cent in the first quarter of the year, said a senior government official. Labour Minister Jameel Humaidan wa More… |
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Unemployment rate falls in BahrainBahrain’s labour market indices have remained stable despite mounting challenges, with the rate of unemployment standing at 3.8 per cent, down from 4 per cent in the same period last year, said a senior government official. Labour Minister More… |
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EU unemployment hits record highEuro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff. Aroun More… |
