The finance sector has never been more in the news, as the global credit crisis sweeps around the world. DIFC Week in Dubai gathers together industry leaders to discuss the future of the sector, how this region can minimise the impact of the financial downturn, how traditional and family-run businesses can help growth and the role of women in the Middle East finance industry.
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Saudi private sector employed 7m workers last year
According to figures by the Saudi labour ministry, the total number of workers in the country's private sector has reached 6,991,200 in the fiscal year 2010-2011, 10.37% of which were Saudis at 724,655, Saudi Gazette has reported. Non-Saudi workers reached 6,266,545, representing 89.63% of the total, the statistics showed. Last month, labour minister Adel Fakieh said that generating employment remains Saudi Arabia's main challenge, and that the government has been taking initiatives to tackle the three focus areas (job demand, job supply and market clearance) during the past 12 months. "Many of them have already been launched while others are either in the pipeline or conceptual stage," he said.Latest Banking jobs
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