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Islamic Finance Briefing - Categorized | Market Moves more

Arab world needs to create 100 mln jobs by 2020

Posted on 14 December 2010

From Alwatan Daily: Small and Medium Enterprises (SMEs), according to Capitas Group International (CGI) head, will open doors for the Gulf countries to diversify their economy in addition to supply job opportunities to the large number of unemployed citizens.
Naveed Siddiqui, Chief Executive Officer (CEO) of CGI, stated that in two years, the number of Kuwaitis working in the private sector climbed only four percent. He noted that the SME sector will help Kuwait, as well as other countries in the region, diversify their source of income, and to lighten their heavy reliance on the oil and energy sector……………………………………….Full Article: Source

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