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Young Saudis challenging past work trends
It has become normal to see young Saudis working in men's fashion shops, restaurants and coffee shops, serving customers to acquire the experience and work culture that will allow them to achieve higher goals. These Saudis are reflected in the recent data released by the Ministry of Labor that showed the number of Saudis working in the private sector has reached 1.47 million in 2013, representing a 332.2 percent increase from 2012
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High-level Saudi delegation visits Qatar
A high-level Saudi delegation led by Foreign Minister Saud al-Faisal, Intelligence Chief Khalid Bin Bandar and Interior Minister Prince Mohammed Bin Nayef paid a brief visit to Qatar on Wednesday.
The Saudi SPA news agency said the Saudi officials arrived in Doha on a “short brotherly visit.” Qatar’s QNA news agency carried a similar report, giving no details on the purpose of the trip.
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Saudi Markets To Open To The World: How, When And Why
Last month’s announcement by the Saudi Arabian Capital Markets Authority that it would open its long-closed equity markets to international investment was a landmark moment. It will give access to a market with a capitalisation of US$590 billion – about the same as Russia’s, and representing half of the entire Gulf region.
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Review of Afghanistan’s presidential runoff vote nearing end
Afghan officials began the final stage of a drawn-out review of the presidential runoff vote on Monday as pressure mounted for a resolution to a dispute that threatens the country’s stability and the future presence of U.S. forces.
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Saudi Aramco Chief Executive Warns on Oil Supply
The chief executive officer of Saudi Aramco, the world's biggest oil producer, said Monday that worries such as rising oil-sector costs and global turmoil could lead to a lack of oil supplies down the line, if oil companies fail to make sufficient investments.
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A Nice Tall Glass of Camel’s Milk
Two years ago, a University of Southern California student named Walid Abdul-Wahab was visiting his native Saudi Arabia during the holy month of Ramadan when he noticed that everyone seemed to be drinking raw camel’s milk. The beverage is considered to be a favorite of the Prophet Muhammad's, according to Wahab, and during Ramadan, many Muslims try to walk in the Prophet’s footsteps. They might not have many other options: Because of refrigeration issues, the only cow’s milk he could find there was powdered.
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Saudi’s Labour Ministry Says Needs $4bn Per Year For Reforms
The Kingdom has been struggling to bring down the unemployment rate among nationals – estimated at around 11.4 per cent, with economists saying that just 30 to 40 per cent of the working age adults participate in the workforce.
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Housing: ‘Many frustrated home-seekers on the edge’
The shortage of housing ranks high among the list of many other concerns. A rising gap between what is available on the market and what most Saudis can afford has left many frustrated home-seekers on the edge. A shortage of low- and middle-income targeted housing means millions of Saudis cannot afford to buy a home. Young Saudis are especially affected since it takes years of saving before many can afford to buy a home, often a precursor to marriage.
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Saudi food firm bets on French bread to make the dough
Saudi Arabian firm, Bateel, hopes that by providing an international flavor to their offerings they will be able to further entice customers to their branded stores and cafes across the Middle East.
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As Millions Of People Fast For Ramadan, Does The Economy Suffer? : NPR
New research examines the effects of Ramadan, the Muslim holy month during which millions of people around the world go without food all day. Does religious practice affect economic growth?
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