Wednesday 19 February 2014

Oman to axe 100,000 expat jobs | The National

Oman to axe 100,000 expat jobs | The National:



"More than 100,000 expatriate jobs will go to Omani nationals as the country moves to reduce unemployment.



The percentage of foreign employment in the country’s private sector will decline from 39 per cent to 33 per cent, the Oman News Agency said yesterday.



“Intensified efforts were made last year by the government to regularise the labour market, update its legislations and provide job opportunities for citizens to enhance their contribution to the development process,” the minister of manpower, Sheikh Abdullah bin Nasser Al Bakri, said on Monday.



Oman, the second smallest economy in the Arabian Gulf, is expected to record growth of 4 per cent compounded annually from 2011 to 2016, according to forecasts by the IMF."



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