Saudi Arabia unemployment edges down

A Saudi vendor waits for customers at a mobile shop in Riyadh, pictured on March 21, 2016. (Reuters)
Updated 27 January 2019
0

Saudi Arabia unemployment edges down

  •  The General Authority for Statistics publishes its Labor Force Survey on a quarterly basis
  • The unemployment rate for Saudi females decreased to 30.9 percent

JEDDAH: Unemployment among Saudi Arabian citizens eased marginally to 12.8 percent in the third quarter of 2018, official figures released on Sunday showed.
The jobless rate first hit 12.9 percent, the highest level recorded by the statistics agency in data going back to 1999, in the first quarter of 2018 as private employers were hit by a new sales tax and a domestic fuel price hike.

 

 The General Authority for Statistics publishes its Labor Force Survey on a quarterly basis, based on administrative records with relevant authorities including the Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance, Human Resources Development Fund and National Information Center.
The unemployment rate for Saudi females decreased to 30.9 percent compared with 31.1 percent in the second quarter of 2018, and for Saudi males it decreased to 7.5 percent compared to 7.6 percent in the second quarter.
The survey also showed a decrease in the number of non-Saudi male employees from the Kingdom’s administrative records, standing at 8,622,890 against 8,927,862 in the previous quarter. The number of non-Saudi female workers increased by 9,696 to reach 964,861.

FASTFACTS

12.8% — Unemployment rate in the third quarter of 2018


Bahrain LNG terminal to start commercial operations in May

Updated 43 min 54 sec ago
0

Bahrain LNG terminal to start commercial operations in May

  • Bahrain LNG is the developer of the receiving and regasification terminal within the Khalifa bin Salman Port facility in Hidd

DUBAI: Bahrain’s liquefied natural gas (LNG) terminal will start commercial operations in May, with the first LNG shipment to be imported mostly from the UAE’s ADNOC, state media quoted the CEO of Bahrain’s National Oil and Gas Authority (NOGA) as saying.
Bahrain LNG is the developer of the receiving and regasification terminal within the Khalifa bin Salman Port facility in Hidd, Bahrain, Bahrain LNG’s website says.
The terminal also houses an offshore LNG receiving jetty and breakwater, a regasification platform, subsea gas pipelines from the platform to shore, an onshore gas receiving facility, and an onshore nitrogen production facility, according to the website.
Bahrain’s first LNG floating storage unit is anchored in the United Arab Emirates’ Fujairah port, Refinitiv Eikon data shows.
The storage unit is expected to arrive at the Hidd terminal in May, Bahrain News Agency quoted NOGA chief executive Jassem al Shirawi as saying on Monday.
The report did not specify the overall shipment amount, a small part of which Chevron will deliver later.
The terminal is more than 98 percent ready and the trial period will last only a few weeks, he told the news agency.
“Bahrain has signed agreements with more than 25 companies and gas-producing countries from around the world to import LNG,” al Shirawi was quoted as saying.
The LNG import terminal, with a capacity of 800 million cubic feet per day, will allow Bahrain to import the super-chilled fuel as demand grows for natural gas to feed large industrial projects, generate power and produce oil.