Middle East Economic Survey

VOL. LII

No 10

9-Mar-2009

REGIONAL

NBK Highlights Challenges To GCC Private Sector Employment In 2009

High oil revenues and sustained economic growth over the past few years have helped increase the number of job opportunities in the Arab Gulf. Overall, the Gulf Cooperation Council (GCC) countries have succeeded not only in reducing unemployment but also increasing the participation of nationals in the labor force. However, as the impact of the financial crisis affects...