Saudi: Thousands of jobs waiting to be taken

June 9, 2013

Miss_Match_skills

Jeddah, Jun 9: A businessman here has urged the state to overhaul the country’s education system so Saudis could be trained for jobs needed. He also called on the government to set up a statistics agency that could provide “accurate” data on the Saudi labor market, including the number of Saudis without work and their levels of education.

It was recently revealed that there are 40,000 medical and 190,000 engineering job vacancies in the country that could be filled by Saudis. In addition, an annual average of 330,000 Saudi high school graduates prefers to seek work rather than study further.

Mohamed Al-Turki, chairman and CEO of MTMM Engineering Consultancy, said this would help the government develop a proper plan to educate and employ Saudis in line with market needs.

Al-Turki said current statistics are not accurate. “I don’t think we have a proper statistics agency that can tell us the exact number of unemployed. What we read in the press is not accurate, and we can’t depend on Hafiz data,” he said.

“If we refer to Hafiz, the number of unemployed is really high, but we can’t determine whether they are educated or not,” he said.

Al-Turki said the unemployment problem could only be solved if businesspeople have access to a database that identifies the number of unemployed, their level of education and market needs. He added that the Ministry of Higher Education should also help in this process. “The ministry of labor is definitely doing its best to solve a high profile issue. However, I believe that without changing the education system to meet market demand, the unemployment issue will not be solved,” said Al-Turki.

According to statistics, there are 333,075 foreign nurses, taking up 88 percent of the country’s nursing jobs, while there are an estimated 333,045 trained Saudi nurses.

Abdulrahim Gari, internal medicine and hematology consultant and member of the medical health committee at the Jeddah Chamber of Commerce and Industry (JCCI), said there is high demand in the Kingdom for medical workers.

“Unfortunately, most Saudis don’t have a good understanding of what it means to have a good work ethic. Medical jobs require qualified people who have the proper work ethic,” he said.

“Most unemployed Saudis have BA degrees in education and other fields that do not fulfill Saudi market needs. We have vacancies in the private and government medical sector, and if I receive applications from Saudi nurses, technicians or doctors, I will hire them for sure.”

He said many graduates are not qualified to fill medical jobs. “If we speak about the 28,000 Saudis who just graduated from medical institutes, they are not qualified enough, which is why the Saudi Commission for Health Specialties has not (certified) them,” he said.

Gari said there would be rising demand for medical jobs because of the increasing Saudi population, the rise in the number of elderly people, and the prevalence of obesity and diabetes.

Ahmed Omar Al-Sanousi, CEO of Prince Sultan Cultural Center, said Saudis must prepare themselves to take up new professions rather than depending on jobs in traditional areas of work. “I think that young Saudis’ views about work have changed and will continue to change.”

He also called on the labor ministry to get a broad range of data on the labor market. “The high unemployment rate has been determined by the labor ministry, but doesn’t reveal the background of the unemployed. I think we need a detailed database that defines accurately the number of employees, their education and their background,” he said.

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News Network
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Dubai, Jan 10: Iran denied on Thursday that a Ukrainian airliner that crashed near Tehran had been hit by a missile, Iranian government spokesman Ali Rabiei said in a statement, according to state TV.

"All these reports are a psychological warfare against Iran. All those countries whose citizens were aboard the plane can send representatives and we urge Boeing to send its representative to join the process of investigating the black box".

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News Network
March 18,2020

Dubai, Mar 18: Emirates, one of the world's biggest international airlines, has asked pilots to take unpaid leave to help it mitigate the impact of the coronavirus pandemic that has shattered demand for global travel.

"To this end you are strongly encouraged to make use of this opportunity to volunteer for additional paid and unpaid leave," the airline said in an internal email to pilots, seen by Reuters.

Emirates earlier this month asked some staff to take unpaid leave, although at that time it was not available to pilots.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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