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Oman mulls first dollar bond in 17 yearsOman is considering whether to issue a US dollar-denominated sovereign bond, its first international bond since 1997 and its second ever, to facilitate debt sales by its private sector, finance minister Darwish al-Balushi told Reuters. More… |
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Ministry to aid firms in Bahrainisation moveBahrain’s Labour Ministry will hold meetings with private sector firms that do not strictly implement the Bahrainisation quota and suggest new mechanisms for recruitment of more Bahrainis to suitable jobs, said a top official. More… |
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Ministry to aid firms in Bahrainisation moveBahrain’s Labour Ministry will hold meetings with private sector firms that do not strictly implement the Bahrainisation quota and suggest new mechanisms for recruitment of more Bahrainis to suitable jobs, said a top official. More… |
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New Bahrain law ‘may cut staff holidays’Private sector employees in Bahrain could actually lose holiday days, despite changes to the law that increased people's annual leave to 30 days, a report said. The Cabinet yesterday (April 14) agreed that the 30-day annual le More… |
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‘Sleeping giant’ debt market awakes in Saudi ArabiaAfter years in which the growth of Saudi Arabia's bond market lagged its economy, the market is taking off as local companies rush to issue debt - though low returns are keeping foreign investors on the sidelines. Traditionall More… |
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Saudi reforms provide 600,000 jobs for localsSaudi Arabia's attempts to reform its expatriate-heavy labour market have put more than 600,000 locals into jobs at private companies, a senior official said on Tuesday, a sharp increase over previous rates. &n More… |
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Saudi non-oil activity edges down in JanThe healthy growth rate of business activity in Saudi Arabia's non-oil private sector eased slightly in January, a survey showed on Monday. The SABB HSBC Saudi Arabia Purchasing Managers' Index slipped to a seasonally adju More… |
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Prioritising private sector growth in OmanWhen Oman unveiled a plan last year to build a large petrochemical complex alongside a $6 billion refinery in the southern coastal town of Duqm, officials hailed the project as a step towards diversifying income and creating jobs. More… |
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Jobs data lifts US growth hopesUS private-sector employers stepped up hiring in December, suggesting some momentum in the economy as the year ended, even as a budget crisis loomed. While other data yesterday showed an increase in the number of Americans filing More… |
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Investments in Bahrain 'may top $45 billion'The volume of overall investment is expected to top $45 billion over five years in Bahrain, a top businessman said. Citing figures released in the Unified Arab Economic Report, Bahrain Chamber of Commerce and Industry Chairman Dr More… |
