Latest news with #jobopportunities
Argaam
12 hours ago
- Business
- Argaam
Madinah receives over 18M visitors in 2024
The tourism sector in Madinah has witnessed a remarkable growth in the number of visitors over the past three years, with the holy city receiving more than 18 million visitors in 2024, compared to 14.1 million visitors in 2023 and 8.2 million visitors in 2022. According to a report issued by the Madinah Chamber, the activities of the accommodation sector, travel agencies, and tour organization saw an increase of 18.7% year-on-year in 2024, state-run Saudi Press Agency reported. The report highlighted the importance of the tourism sector in Madinah in supporting economic growth and boosting GDP through tourism spending on accommodation, transportation, shopping, and other services, in addition to creating job opportunities in the sector's activities and achieving sustainable economic diversification.
Zawya
19 hours ago
- Business
- Zawya
Egypt: SCZone, ULUSOY Tekstil ink $18mln deal to establish yarn manufacturing project in Qantara West
Arab Finance: The Chairman of the General Authority of the Suez Canal Economic Zone (SCZone) Waleid Gamal El-Dien signed a contract with Turkish company ULUSOY Tekstil San. Tic. A.? to establish a yarn and thread manufacturing project in the Qantara West Industrial Zone, as per a statement. The factory will span 35,000 square meters, with investments amounting to $18 million, approximately EGP 902 million. It is expected to provide around 855 direct job opportunities. The project will produce a variety of yarns, including carpet yarns, hand-knitting yarns, knitting yarns, and crochet yarns, as well as garments, with 80% of production allocated for export and 20% for the local market. Gamal El-Dien emphasized that spinning and weaving projects continue to consolidate Qantara West's position as a regional hub for the yarn and ready-made garment industries. He noted the area's strategic location, connected infrastructure, and integrated supply chains as key enablers for attracting specialized, export-oriented investments. With this latest addition, the number of contracted projects in Qantara West has reached 24, bringing total investments to $661.5 million and generating 34,455 direct job opportunities. The initiative is part of the authority's broader strategy to support export industries, deepen local manufacturing, and localize supply chains, enhancing the industrial sector's contribution to Egypt's gross domestic product (GDP). ULUSOY Tekstil, founded in Turkiya in 1986, operates two major industrial facilities and is considered one of Europe's largest producers of luxury yarns, with a monthly output exceeding 1,000 tons exported globally. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Free Malaysia Today
19 hours ago
- Business
- Free Malaysia Today
Retirement age hike won't harm young jobseekers, says World Bank economist
World Bank senior economist for social protection and jobs in the East Asia and Pacific region, Matthew Dornan, said older workers who stayed employed continued to spend money, which helped support the economy and create more jobs. KUALA LUMPUR : Raising the retirement age in Malaysia will not reduce job opportunities for young people, World Bank senior economist for social protection and jobs in the East Asia and Pacific region, Matthew Dornan said today. Speaking at EPF's International Social Well-being Conference here today, Dornan said the belief that older workers would take away jobs from younger ones was a common misconception. 'There isn't a fixed number of jobs in the economy,' he said during his keynote speech titled 'Labour and longevity: Responding to the challenge of an ageing population.' He said older workers who stayed employed continued to spend money, which helped support the economy and create more jobs, including for younger workers. Dornan said studies showed that this trend was also true in Malaysia, except in sectors such as the civil service where employment might be capped. He said many countries had raised their retirement age as the population aged, adding that Malaysia did the same when it gradually increased the minimum retirement age from 55 to 60. Dornan said any further increase should be gradual and fair, possibly with different rules for different age groups, to allow time for adjustment and reduce public backlash. He also suggested linking the retirement age to life expectancy, as done in some developed countries, to prevent it becoming politicised. Yesterday, EPF CEO Ahmad Zulqarnain Onn said that life expectancy in Malaysia had increased from 54 years in the 1950s to 75 today, and was projected to hit 81 by 2050. Dornan warned that allowing early access to pension funds might lead to inadequate savings in old age, as some might spend the money too early. AdChoices ADVERTISING He added that while retirement policies mainly affected formal workers, many informal workers in Malaysia continued working beyond 60 out of necessity. Last month, law and institutional reform minister Azalina Othman Said proposed that the government study extending the retirement age to 65, noting that many Malaysians remained active and capable well into their 60s. In 2014, Malaysia raised the retirement age to 60 for both public and private sectors, up from 58 and 55 respectively, to promote financial security and active ageing.
CNA
3 days ago
- Business
- CNA
Malaysia PM says Shell to boost its investments in country by $2 billion
KUALA LUMPUR :Malaysian Prime Minister Anwar Ibrahim said on Tuesday that Shell has committed to increasing its investments in Malaysia by 9 billion ringgit ($2.12 billion) over the next two to three years. The boost in Shell's investments will create high-skilled job opportunities for Malaysians, Anwar said in a Facebook post following a meeting with Shell CEO Wael Sawan. He did not provide further details. "This decision stands as a resounding vote of confidence from a world-class investor in our sound economic policies, clarity in our leadership, and promise in our future," Anwar said.
Fast Company
4 days ago
- Business
- Fast Company
Where all the design jobs are in 2025
If you're a designer looking for work, where should you live? That depends entirely on the kind of designer you are. Fast Company crunched the data to show you where the opportunities really are.
