The boom in new real estate projects is driving up construction material costs by up to 15%
labour market
Latest in labour market
expat workers
Ireland unveils flexible work permit rules to address labour market needs
The new changes are expected to make it easier for foreign workers and employers to navigate the permit process
inflation
US Fed policymakers push for interest rate cuts as job market cools
The US central bank is widely expected to begin reducing its benchmark policy rate at its upcoming meeting on September 17-18
labour market
UAE tops Arab countries for highest labour resilience: Report
The global labour index provides insights to strengthen labour markets, preparing them to endure climate change challenges and leverage the prospects of a sustainable, green future
labour market
Saudi Minister unveils first Global Labour Market Conference to tackle future of work challenges
The conference was unveiled at the King Abdulaziz International Convention Center in Riyadh
Employment
Global unemployment expected to fall below pre-pandemic levels in 2023: ILO
Soaring debt levels compounded by high inflation and rising interest rates, however, have dashed job-seekers’ hopes in developing countries
labour market
US jobless claims applications fall for 3rd straight week
Though the US labor market remains strong, layoffs have been mounting in the technology sector, where many companies over-hired after a pandemic boom
Bahrain
Bahrain announces new rules to strengthen protections for expat workers
A new set of labour reforms was announced that will replace Flexi Permits, changes will increase protections for expat workers and employment processes
Employee engagement
How high-caliber expat talent is influencing the flow of money and building economic bridges
Attractive job prospects sweetened by a plethora of benefits – combined with the promise of a high quality of life – have turned the region into a hub of opportunity
Abu Dhabi Labour Court
Flexible working environments, employee rights highlighted within new UAE labour law: officials
Judge Ali Hasan Alshateri, the Vice President of the Abu Dhabi Labour Court, explained how the new labour law guarantees the rights of both workers and employers in a balanced manner
covid-19
Governments given ‘golden opportunity’ to transform labour market after Covid-19
There have been profound changes in working patterns according to a new report published by the World Government Summit Organisation and PwC Middle East into the labour market
business leaders
More than 80% of CEOs globally are optimistic about economic growth in 2022
While optimism is at an all-time high for the new year, it won’t be without a high level of uncertainty and volatility, according to a new survey by YPO
Bahrain
Up to 2,000 Bangladeshi workers leaving Bahrain per month
No new work visas had been issued to Bangladeshi nationals in Bahrain since August last year
Arabian Business Start Up Academy
Dubai’s Cooper Fitch in 147% revenue rise, set to expand overseas – CEO
Recruitment firm Cooper Fitch is in the final stages of opening an office in Saudi Arabia
labour market
Saudi women’s jobs lagging behind skills, says Princess Reem
Saudi Princess Dr Reem Bint Mansour Al Saud said that many women may lack understanding of the skills needed by the market
Employee
Video: UAE’s labour law explained
Arabian Business’ Shruthi Nair explains some important provisions of the UAE Labour Law. According to the Annual Economic Report 2017, the total labour force in the UAE in 2016 was 6,330,540.
Ahmad Al-Rajhi
Saudi unemployment slightly eases to 12.8% in Q3 2018
Saudi Arabia’s government will contribute to the salaries of nationals in the private sector to motivate companies to hire locals
