Unemployment is a ticking bomb that helped fuel the recent political turmoil in the Middle East — otherwise known as the Arab Spring — that toppled a number of regimes last year. However, a year after the turmoil, the youth unemployment rate in the region remains at 26.2 per cent — one of the highest in the world.
A society cannot move forward keeping more than a quarter of its young workforce out of jobs. The governments in Middle Eastern countries, including those in transition after the Arab Spring, should work closely with the private sector to unlock econ-omic potential and help attract investment that will create jobs.
The Middle East has been blessed with vast natural resources and human talent. It is the birthplace of some of the richest civilisations. It has given the world algebra, chemistry and simple solutions to complex mathematical problems.
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