Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Syrian workers force unemployment to rise in Lebanon - UN-ESCWA  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 25/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) The growing number of Syrian workers in Lebanon has force unemployment to rise in the country specially among youth, a UN Economic and Social Commission for Western Asia (UN-ESCWA) official said Friday



Abdullah Dardari, Director of Economic Development and Globalization Department, said the Syrian workers triggered an increase of the already high unemployment rate among the Lebanese people because the Syrians were cheap laborers



He was speaking at a news conference held at the UN House in Beirut to discuss a report about the economic projections in the world for 2014



Dardari said the Gross Domestic Product (GDP) in the area has increased because of the rising prices of oil coupled with improvement of economies of the Arab Gulf countries



The report expected the GDP to grow by 3.9 percent in Jordan and 2.4 percent in Lebanon



However Dardari said the figures should be examined cautiously because the number of expatriates rose by 15 percent in Jordan and by 25 percent in Lebanon



The World Bank said the Lebanese economy has suffered nearly USD 7.5 billion in losses due to the Syrian conflict that started in 2011, which would result in sending around 170,000 Lebanese people to live below the poverty line as well as pushing unemployment to over 20 percent



Meanwhile, UN-ESCWA Economic Advisor Sandra Saghir Syria has lost 37 years of development because of the bloody conflict, which killed up to 140,000 people and displaced millions others



Syria is losing USD 109 million of its GDP in everyday of the conflict, which further complicated the reconstruction, she said.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Dec 18 2014 - Qatar Airways to boost Oman's Salalah serviceMENAFN
(MENAFN) Qatar Airways announced it is planning to add four new services to Salalah, Oman's second largest city, by next February, thus bringing the number of its flights to the city to eight weekly ...

 Dec 18 2014 - Abraaj , Kellogg bidding war intensifies over Egypt's Bisco MisrMENAFN
(MENAFN) The bidding war between UAE's Abraaj Investment Management and Kellogg Co, the breakfast cereal maker, with each company continuously outbidding the other for the acquisition of Egypt's ...

 Dec 18 2014 - UAE's ME Digital Group acquires CoboneMENAFN
(MENAFN) Middle East Digital Group, the online publishing, content and services company and owner of Expatwoman.com, announced it has acquired the online coupon website Cobone in a multi-million ...

 Dec 18 2014 - Dubai's real estate to lead economic growth in 2015MENAFN
(MENAFN) Dubai's Department of Economic Development said that it expects real estate and construction will likely drive economic growth in 2015, which is expected to grow 4.5 percent next year ...

 Dec 18 2014 - Oman's Orpic to invest USD3.6b on increasing productionMENAFN
(MENAFN) Oman Oil Refineries and Petroleum Industries Company (Orpic) announced that its production capacity of polypropylene and polyethylene will increase to 1.4 million tons, when its USD3.6 ...

 Dec 18 2014 - Qatar- HH the Emir, HH the Father Emir Attend National Day Parade -1Qatar News Agency
(MENAFN - QNA) The parade started with the national anthem and the firing of 18-shot gun to celebrate the National Day, followed by a recitation of verses from the Holy Quran. The parade included ...

 Dec 18 2014 - China to become Dubai's largest trading partner in 2014MENAFN
(MENAFN) According to a new study by Invest Dubai, Falcon and Associates, China is set to overtake India to become Dubai's largest trading partner for 2014, Emirates 24/7 reported.The study indicated ...

 Dec 18 2014 - UAE's IHCC wins hospital construction project in AjmanMENAFN
(MENAFN) International Hospitals Construction C. (IHCC) announced it has won a contract to build a 300-bed Saudi German Hospital in Ajman, Gulf News reported.Under the contract, IHCC will oversee the ...

 Dec 18 2014 - Egypt's flag carrier eyes restructuring planMENAFN
(MENAFN) Egypt's national carrier announced that it has signed a deal with Texas-based airline advisory firm Sabre Airline Solutions to help it prepare for a restructuring plan for the state-owned ...

 Dec 18 2014 - Qatar- Summary of Local News Released Wednesday - 1-Qatar News Agency
(MENAFN - QNA) - HH Deputy Emir Sheikh Abdullah bin Hamad Al-Thani received cables of congratulations on the state's National Day from leaders and crown princes of fraternal and friendly ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help