Banking and Finance European bank’s $86m aid to create jobs in Turkey The European Bank for Reconstruction and Development (EBRD) will provide a €75 million ($86 million) loan to Türkiye Sınai Kalkınma Bankası (TSKB), the country’s development bank, to support businesses that offer opportunities to women and young people. The funding will also back companies impacted by the 2023 earthquakes. At least 15 percent of the funds […] June 10, 2025
Economy Saudi, Kuwaiti and Qatari bosses report hiring sprees Employment growth has accelerated in Saudi Arabia, Kuwait and Qatar despite economic uncertainty, but hiring momentum remains uneven in other Mena markets, according to the latest purchasing managers’ index surveys. In Saudi Arabia, job creation was “one of the fastest seen in over a decade” in May, the Riyad Bank PMI report said. The Saudi index’s […] June 4, 2025
Tourism Skills shortage a concern for Saudi’s big-ticket events Saudi Arabia’s tourism and hospitality sector is suffering a skills shortage which it urgently needs to address before hosting some of the world’s biggest events, the CEO of one of the kingdom’s giga-project companies said. Of these events, perhaps the biggest is the 2034 World Cup. But before that lies a host of others as […] May 23, 2025
Opinion Finance How the UAE can build the world’s most modern pension system Reforms offer portability, tech integration and equity for expatriates May 19, 2025
Employment OQEP deals are part of Omani job creation drive Oman’s OQ Exploration and Production (OQEP) has signed four contracts worth $53 million with local companies to help create jobs for Omani nationals. The contracts include oil field operations, construction facility and rig drilling, as part of OQEP’s in-country value (ICV) programme. “These agreements not only create new business opportunities for Omani enterprises but also […] May 14, 2025
Employment Trade tensions may stifle expatriate employment in Saudi Arabia A global economic downturn is likely to result in fewer jobs for expatriates in Saudi Arabia, a local bank has said. Instead, policies aimed at incentivising the hiring of more nationals are increasingly putting Saudis in pole position for jobs, according to Jadwa Investment, an advisory group and investment bank in Riyadh. Last year, expatriate […] May 1, 2025
