Saudi Arabia pushes for more jobs
RIYADH: Saudi Arabia pushes for more jobs implemented additional measures to oblige restaurants, cafes, and grocery shop owners to employ more Saudi nationals.
Under the new measures, which came into effect on October 2, restaurants inside malls and commercial centers must see Saudis making 40 per cent of their employees, while those outside of malls will have a target of 20 per cent, according to a statement from the ministry of human resources and social development.
The targets for cafes are even higher with 50 per cent inside malls and 30 per cent outside.
Under the Vision 2030 plan, Saudi Arabia is stepping up efforts to lower the unemployment rate for Saudis by pushing for more jobs in the private sector.
The ministry; however, is exempting some jobs from new regulations, such as food preparation and catering services.
The Saudis unemployment rate fell to 11.3 per cent in the second quarter from a year ago, reaching the lowest level since the second quarter of 2016, the official data showed.
Today Gold Rate in UAE on, October 23rd, 2021
Dubai: Today Gold Rate in UAE (23rd October, 2021) today 24 Carat is...
Gold Rate in Karachi (Pakistan) on October 23rd, 2021
Karachi: Latest Gold Rate in Pakistan today (23rd October 2021) is Rs....
US budget deficit falls in 2021 to $2.8 tn as economy recovers
WASHINGTON - The US budget deficit narrowed slightly in the past year as the economy...
Bears return to Pakistan bourse; Index losses 243 points
KARACHI: The Pakistan stocks took a correction from an intraday low of...
Russia raises interest rate to 7.5% to ease inflation
MOSCOW: The Bank of Russia decided on Friday to increase the key...