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News – 2011.10.26
10/26/2011

News – 2011.10.26

SUSRIS Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

News – 2011.09.19
09/19/2011

News – 2011.09.19

SUSRIS News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

News – 2011.08.25
08/25/2011

News – 2011.08.25

SUSRIS News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

Saudi Arabia Economics – June 2011 – BSF
07/21/2011

Saudi Arabia Economics – June 2011 – BSF

This latest monthly report, “Quota counting: New Saudi employment rules to shake up private sector,” authored by Chief Economist Dr. John Sfakianakis and the BSF economist analysis team, explores Saudi‘s new employment strategy, Nitaqat, and some of the motivations that have led to its unveiling and the potential implications of its introduction. Some of the report’s key findings include: while just under 10% of private sector staff are Saudi nationals, Saudi youth face the highest unemployment in the region apart from Iraq, necessitating the need for urgent job creation; Nitaqat could force some smaller companies out of business, but in the longer term lead to higher wages, better efficiency and competition; forcing the private sector to hire nationals is only part of the solution, the education system needs to catch up by turning out graduates with skills the workforce needs; the government’s aggressive hiring program threatens to slow Nitaqat’s success and undermine productivity; and the external impact of the Nitaqat strategy could be a decline in remittances to major recipients such as Pakistan, Egypt or the Philippines.

News – 2011.07.12
07/12/2011

News – 2011.07.12

SUSRIS News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

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