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Regional expert urges SMBs for more job generation with unemployment figures touching 25m according to Arab league

United Arab Emirates: Monday, March 17 - 2008 @ 12:08

The Arab League Economic Unity Council figures show that more than 25m Arab people are unemployed in the Arab states.

The Middle East and North Africa stands out with the highest rate of unemployment worldwide. With an unemployment rate of 13.2 %, the Middle East is ahead of sub-Saharan Africa, the poorest region in the world, which has the second highest rate of unemployment, 9.7 %.

Dr. Sharab added: “The Middle East faces a critical shortage of experienced and highly skilled employees where leading local and international companies are experiencing difficulties in filling executive and middle management positions. Despite this fact, the unemployment rates are alarmingly increasing. Arab small and medium businesses should attract the bulk of the Arab people who are capable of delivering quality work instead of shifting their sights into other regions.”

According to the Arab league with a persistently high level of unemployment, many educated young Arabs are seeking opportunities outside their countries. In doing so, they seek to escape the obligation to accept jobs outside their specialization, inadequate scientific and technological infrastructure and low income opportunities for the highly skilled workers.

Dr. Sharab concluded: “A massive number of Arab nationals are graduating every year which requires serious measures from private and public sectors to accommodate all those graduates in the labor market. Efforts should be intensified to support economic development and ensure jobs for their fast growing graduates, especially in the small and medium businesses”.

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Monday, March 17- 2008 @ 12:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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