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According to official figures in 2012, foreign workers filled 66 per cent of jobs in Saudi Arabia, despite an official unemployment rate of 12 per cent amongst Saudis, and expatriates sent, on average, US$18 billion each year, in remittances to their home countries. [8]
Luxottica. Luxottica Group S.p.A. is an Italian eyewear multinational corporation headquartered in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands through its own subsidiaries. It is the largest eyewear company in the world. [5][6] It is, since October 2018, a subsidiary of ...
In 1960, OPEC was established, with Saudi Arabia as one of its founding members. [34] During the 1973 oil crisis, the price of oil rose from $3 per barrel to nearly $12, and the Saudi economy started growing rapidly, [35] with GDP increasing from approximately $15 billion in 1973 to almost $184 billion by 1981. [36]
Saudization (Arabic: السعودة), [1] officially the Saudi nationalization scheme and also known as Nitaqat (Arabic: النطاقات), is a policy that is implemented in the Kingdom of Saudi Arabia by the Ministry of Labor and Social Development, which requires companies and enterprises to fill their workforce with Saudi nationals up to certain levels.
In September 2018, the official Twitter account of the Saudi Arabia prosecutors warned that people who share anything satirical on social media that "affects public order, religious values and public morals" would receive a five-year prison term and a fine of 3 million riyals (US$800,000). Several few intellectuals, businessmen and activists ...
Agriculture in Saudi Arabia is focused on the export of dates, dairy products, eggs, fish, poultry, fruits, vegetables, and flowers to markets around the world after achieving self-sufficiency in the production of such products. [1] The government of Saudi Arabia is heavily involved in the agriculture industry and subsidizing corporate farming ...
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