Unemployment Among Saudis Hits Record 12.9 % as Private Firms Struggle

Unemployment among Saudi citizens edged up to a record 12.9 percent in the first quarter of this year as private employers struggled under the weight of a new tax and a domestic fuel price hike, official data showed on Thursday. The figures underlined the difficulties which the government faces as it pushes through reforms to reduce the economy's reliance on oil exports. The reforms aim to develop non-oil industries and create jobs, but they also involve austerity steps to close a big...

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