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Sunday, December 7, 2014

World Bank discusses the reasons for the high unemployment rates in the Middle East

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Hosts the Regional Centre for Strategic Studies in Cairo, on Sunday, a delegation from the World Bank, to discuss the latest report about high unemployment Middle East and North Africa region. The report points out that the private sector does not create jobs in sufficient numbers, because of restrictive government policies that have reduced competition from new entrants to the market. The conference will discuss the case of Egypt in the report, in order to determine the reasons for the high rates of unemployment in Egypt, and ways to reduce these rates. He pointed Bank report, that there are a small number of influential political SPA companies, granted privileges rather than to create an environment to ensure growth and prosperity for all entrepreneurs, which led to the isolation of companies for domestic and international competition.

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