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Gulf Job Paper, July 15 2024
Main Highlights: Page 1
Gulf Job Paper: Indian Tourists in UAE Can Now Pay in Rupees:
- Indian tourists can now use UPI (Unified Payments Interface) linked to their bank accounts for payments in the UAE.
- This new payment method will benefit the retail, hospitality, and jewelry markets in the UAE.
- The initiative was launched through a partnership between NIPL (NPCI International Payments Limited) and UAE-based payment solutions provider, allowing over 200,000 merchants to accept UPI payments via QR codes.
Unilever to Cut 3,200 Jobs in Europe:
- Unilever plans to reduce its office-based workforce in Europe by 3,200 jobs by the end of 2025.
- This decision follows a previously announced overhaul aiming to save €800 million.
- The job cuts represent about a third of Unilever’s office-based jobs in Europe.
Saudi Arabia Announces Increase in Employment Opportunities for Skilled Professionals:
- Saudi Arabia is enhancing job opportunities for skilled expatriates.
- The Ministry of Human Resources and Social Development has successfully completed the initial phase of the “Professional Verification” service as part of its broader “Professional Accreditation” program.
- This initiative involves 128 countries and aims to ensure that expatriates entering Saudi Arabia have the necessary qualifications and skills.
Main Highlights: Page 2
Qatar Offers Over 500 Government Jobs for New Graduates:
- The Civil Service and Government Development Bureau (CGB) announced 555 job opportunities in the second phase of its 2024 employment creation project.
- Most positions are technical roles suitable for new graduates.
Gulf Job Paper: Kuwait Project Awards Surge 444% to $2.25 Billion:
- Project awards in Kuwait increased significantly, driven by investments in infrastructure and energy sectors.
- Major projects include infrastructure development in South Sabah Al Ahmad and affordable housing in the Al Naeem area.
- The energy sector projects worth $22.8 billion are expected to be awarded in the second half of 2024.
Bitcoin Surges to $60,000 Following Trump’s Resurgence:
- Bitcoin’s value increased to over $60,000 following an attempted attack on former President Donald Trump.
- Trump’s response to the attack has boosted his re-election chances, impacting market stability and cryptocurrency values.
Main Highlights: Page 3
Kuwait’s GDP Expected to Grow by 4% in 2025:
- Kuwait’s GDP is projected to grow by 0.9% quarter-on-quarter in Q4 2024 and by 4% year-on-year in 2025, contingent on the full restoration of its oil production.
- This follows OPEC+ production cuts that included a 135,000-barrel-per-day reduction for Kuwait.
Main Highlights: Page 4
Dubai Airport Terminal 3 Enhancements Reviewed by Sheikh Mohammed:
- Sheikh Mohammed bin Rashid Al Maktoum reviewed the progress of various enhancements at Dubai International Airport Terminal 3.
- Dubai continues to strive to be a global leader in travel and aviation, with significant investments in infrastructure, services, and advanced technologies.
- The airport recorded an 8.4% increase in passenger traffic in the first quarter of 2024 compared to the previous year.
Gulf Job Paper: Professional Accreditation in Saudi Arabia:
- Details the process for expatriates to verify their educational qualifications and professional skills to work in Saudi Arabia.
- Emphasizes the importance of having certified qualifications for entering the Saudi job market.
Main Highlights: Page 5
Currency Exchange Rates:
- Lists exchange rates for various currencies against the Indian Rupee as of July 14, 2024.
- Includes currencies like Saudi Riyal (SAR), Kuwaiti Dinar (KWD), UAE Dirham (AED), and others.
Gulf Job Paper: Dubai International Airport Enhancements:
- Sheikh Mohammed praised the ongoing improvements at Dubai International Airport and emphasized Dubai’s future ambitions.
- Highlighted the airport’s strategic importance and its role in boosting Dubai’s economy and tourism.
Contact Information and Additional Resources:
- Provides links to join Gulf Job Paper’s Telegram, WhatsApp, and other social media platforms for real-time updates and exclusive content.
- Includes email contact for queries and a link to view live currency exchange rates.
This summary captures the key points and news from each page of the Gulf Job Paper issued on July 15, 2024.