ME youth jobless rate 'second highest'
Dubai, November 7, 2010
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 its ‘Middle East Point of View’ study said the labor policies in the region should ensure sustainable opportunities for nationals that offer security against economic fluctuations.
The Deloitte study aims to provide insight on talent, education, oil industry, security breaches, economies of cancer and many other imminent topics.
In his article “Wanted a national labor force”, Rachid Bachir, director, Public Policy, Consulting, at Deloitte, Middle East said delivering a skilled national workforce was one of the most critical challenges from an economic security and social inclusion perspective.
'By coordinating a positive and dynamic relationship between regional labor policies and economic policies, long-term economic stability and growth will build a strong and reliable foundation,' he noted.
Omar Fahoum, Deloitte Middle East chairman and chief executive offers analysis about the link between talent, education and the labor market within the Mena region in his article “Education and Talent – How Does Mena Score?”
The latest issue of the Deloitte regional magazine also provides insight on risk. In “The faceless threat” Tariq Ajmal, partner in charge of Information and Technology Risk Services, Deloitte, Middle East tackles the risk that companies run when they neglect the issue of information security.
Ajmal showcases the results of a Deloitte survey that demonstrates how companies are as much to blame for security breaches as employees.
As Enterprise Risk Management increasingly becomes a regulatory requirement within the GCC countries and the wider Middle East region, Lauren Brown, senior manager, Enterprise Risk Services, Deloitte, Middle East, offers expert views on the merits and requirements of Chief Risk Officer role in “The Chief Risk Officer: your business ally.”
In his article on emerging trends in Oman’s oil industry, Alfred Strolla, managing partner at Deloitte in the Middle East explains how Oman’s economy is set to reap the benefits of forecast economic growth rates, particularly in Asia. He states: “Oman’s economy and oil industry are geared to exploit opportunities.”
Nader Srouji, partner in charge, Consulting, Deloitte, Middle East, discusses the importance of successful strategy execution for regional companies in “Strategy execution challenges, a behavioral approach.”-TradeArabia News Service