Sunday 26 May 2019
Labour costs

GCC nationalisation policy ‘may raise labour costs’

GCC countries' labour market nationalisation policies aim to provide more jobs for a rapidly growing population, but they are also likely to raise labour costs and hamper diversification, said Moody’s in a new report. &q


Saudi mulls hiking prices of residential units

Saudi Arabia’s real estate sector is considering raising the prices of residential units in the light of soaring labour costs, a report said. Depending on location and area of the unit, prices start at SR900,000 ($240,000),


Euro zone job rate shrinks, labour costs rise

The number of people in work in the euro zone fell again in the last three months of 2011 while hourly labour costs rose, highlighting Europe's difficulty in driving a US-like recovery in jobs. Employment in the 17 nations sharing the euro

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