Saturday 12 September 2015

The dilemma the Gulf faces over low oil prices | GulfNews.com

The dilemma the Gulf faces over low oil prices | GulfNews.com:



"The jury is not yet out on what the adverse effects of sustained low oil prices would have on job opportunities in the Gulf economies. Certainly, expatriate workers are expected to bear the brunt of possible job losses on the back of their substantial representation in the workforce.



Where applicable, private enterprises prefer expatriates over locals for reasons of pay, productivity and performance. Some 17 million expatriates work in the Gulf, and the figure increases to above 23 million by adding family members. This effectively comprises half of the total population in the six-nation grouping.



The statistics are staggering by global standards. Immigrant workers from India alone constitute at least a third of the populations in Bahrain, Qatar and the UAE."



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