Latest news with #JobCreation
Zawya
28-07-2025
- Business
- Zawya
Jordan's sectors add 184,926 jobs in 2024 — JEF
AMMAN — The Jordan Economic Forum (JEF) issued a fact sheet on Saturday, titled "Job Creation in the Kingdom in 2024: Concentration and Beneficiary Groups". The paper tracks net job creation, a key tool for measuring the economy's capability to absorb new entrants to the labour market and mitigate worsening unemployment rates, the Jordan News Agency, Petra, reported. The paper noted that results of the 2024 Job Creation Survey showed that 184,926 individuals aged 15 and above had assumed new jobs, while 89,584 others left the labour market during the same period. The paper indicated that a total of 96,421 new job opportunities were created in the Kingdom's public and private sectors, equivalent to around 96.4 per cent of the annual target set within the Economic Modernisation Vision (EMV). JEF said that this growth reflects the extent of efforts made to enhance labour market dynamism and "effective commitment" to the vision's path to generate "sustainable" jobs that contribute to reducing unemployment and improving living standards. For beneficiaries, the paper noted that the new job opportunities were distributed at a rate of 69.3 per cent for males, equivalent to 66,804 jobs, and 30.7 per cent for females, equivalent to 29,617 jobs. The paper also indicated that the largest proportion of job opportunities created in 2024 was in the private sector, amounting to 75.7 per cent, reflecting "success of economic policies and reforms in enhancing job opportunities, despite the surrounding geopolitical challenge." The Kingdom's public sector accounted for only 23.6 per cent of these new jobs, indicating the private sector's "essential" role in achieving growth and employment goals within the vision. According to the report, "a clear trend dominated to prioritise employment of Jordanian workers in the local market, with lower percentages allocated to foreign counterparts." The paper said that the majority of new jobs targeted Jordanian nationals, representing 90 per cent of the total opportunities. Non-Jordanian Arab nationalities accounted for 6.2 per cent of the overall jobs, while non-Arabs received 3.7 per cent of the total posts. In terms of the distribution of new job opportunities by economic activity, the paper noted that Jordan's manufacturing, wholesale and retail trade sectors accounted for the largest share, with equal percentages of 15.4 per cent each. Jordan's public administration and defence sectors accounted for 14.6 per cent, the education sector's share stood at 11.5 per cent and the health sector stood at 10.2 per cent, Petra noted. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
26-07-2025
- Business
- Jordan Times
Jordan's sectors add 184,926 jobs in 2024 — JEF
AMMAN — The Jordan Economic Forum (JEF) issued a fact sheet on Saturday, titled "Job Creation in the Kingdom in 2024: Concentration and Beneficiary Groups". The paper tracks net job creation, a key tool for measuring the economy's capability to absorb new entrants to the labour market and mitigate worsening unemployment rates, the Jordan News Agency, Petra, reported. The paper noted that results of the 2024 Job Creation Survey showed that 184,926 individuals aged 15 and above had assumed new jobs, while 89,584 others left the labour market during the same period. The paper indicated that a total of 96,421 new job opportunities were created in the Kingdom's public and private sectors, equivalent to around 96.4 per cent of the annual target set within the Economic Modernisation Vision (EMV). JEF said that this growth reflects the extent of efforts made to enhance labour market dynamism and "effective commitment" to the vision's path to generate "sustainable" jobs that contribute to reducing unemployment and improving living standards. For beneficiaries, the paper noted that the new job opportunities were distributed at a rate of 69.3 per cent for males, equivalent to 66,804 jobs, and 30.7 per cent for females, equivalent to 29,617 jobs. The paper also indicated that the largest proportion of job opportunities created in 2024 was in the private sector, amounting to 75.7 per cent, reflecting "success of economic policies and reforms in enhancing job opportunities, despite the surrounding geopolitical challenge." The Kingdom's public sector accounted for only 23.6 per cent of these new jobs, indicating the private sector's "essential" role in achieving growth and employment goals within the vision. According to the report, "a clear trend dominated to prioritise employment of Jordanian workers in the local market, with lower percentages allocated to foreign counterparts." The paper said that the majority of new jobs targeted Jordanian nationals, representing 90 per cent of the total opportunities. Non-Jordanian Arab nationalities accounted for 6.2 per cent of the overall jobs, while non-Arabs received 3.7 per cent of the total posts. In terms of the distribution of new job opportunities by economic activity, the paper noted that Jordan's manufacturing, wholesale and retail trade sectors accounted for the largest share, with equal percentages of 15.4 per cent each. Jordan's public administration and defence sectors accounted for 14.6 per cent, the education sector's share stood at 11.5 per cent and the health sector stood at 10.2 per cent, Petra noted.
Yahoo
21-07-2025
- Business
- Yahoo
Revolut to create 400 new jobs as Paris HQ leads hopes towards French banking licence
Digital bank Revolut is set to create over 400 jobs in Western Europe as it works to build a new headquarters in Paris, the firm told Euronews. The new roles will be created across France, Spain, Ireland, Germany, and Portugal, and will encompass risk management, compliance and other key functions. At least 200 of the roles will be based in France, with the aim of solidifying France as a key operational hub, with more than 1,500 dedicated staff by 2029. Founded in 2015 in London, Revolut began as a fintech offering easy money transfers, currency exchange and a no-fee travel card. The company now has a banking licence in the UK and more than 60 million customers worldwide. As part of their growth plan in Western Europe, Revolut has said it is looking to submit an application for a banking licence in France to further strengthen the position of its new French headquarters. Building a Western Europe hub Following the recent appointment of Béatrice Cossa-Dumurgier as Western Europe CEO, Revolut is launching a major recruitment drive across the region. This comes in addition to its Lithuanian headquarters, which will continue to serve other European markets. Once the French HQ is fully established, the neobank plans to transition some 600 of its existing staff in customer support, credit and product roles. The scale-up will come in stages, with 80 new hires expected in the first year and all 400 in place by 2029. By the end of the decade 1,500 employees will be dedicated to Revolut's French banking entity. Related Win for the crypto industry: US passed the first major bill to regulate digital assets Revolut set to offer mobile plans in Germany and the UK this year Revolut is set to invest around €1 billion in France over the next three years. This commitment shows the company's confidence in not only the regulatory landscape and business environment in Europe but also Paris' status as a rising financial centre and its own future as a fully licensed bank. Speaking on the expansion plans, Cossa-Dumurgier said: 'Western Europe is home to a massive pool of talent, and we intend to make the most of it — attracting top professionals eager to shape the future of banking and build the next generation of financial services.' Since its inception, the company has already grown to a staff of 13,000 globally, and its career appeal is only increasing, with over 1.6 million people applying to join Revolut's workforce in 2024. Revolut founder and CEO Nik Storonsky recently reaffirmed his commitment to a fully flexible working model, allowing employees to choose between working remotely or from the office. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
11-07-2025
- Business
- CTV News
CTV National News: What is fueling job creation in Canada amid economic uncertainty?
Watch Job creation in Canada was up in June, the first substantial bump the country has seen since the start of 2025. Kamil Karamali looks into the numbers.
Zawya
11-07-2025
- Business
- Zawya
South Africa: Tourism budget proposes $134mln for 2025/26
Minister of Tourism Patricia de Lille has delivered the Budget Vote for the 2025/26 financial year, unveiling a R2.43bn allocation focused on sustaining tourism growth, job creation, and sector transformation across South Africa. Speaking in Parliament, Minister de Lille highlighted the budget's alignment with the Government of National Unity's Programme of Action, aimed at driving inclusive economic growth, reducing poverty, and building a capable state. She emphasised the importance of tourism as a key economic driver, referencing its central role in the National Development Plan and the Tourism Sector Master Plan. Budget highlights • R1.3bn allocated to SA Tourism, the Department's main entity. • R331m dedicated to destination development, primarily funding the Working for Tourism Programme. • R331m earmarked for Tourism Sector Support Services, covering incentive schemes such as the Green Tourism Incentive Programme (GTIP), Market Access Programme, Tourism Grading programme, and Tourism Transformation Fund (TTF). Addressing oversight and improving governance Minister de Lille outlined the department's response to Portfolio Committee concerns, including: • Finalising the Tourism Amendment Bill to address short-term rentals, grading enforcement, and governance. • Reviewing outdated strategies on heritage and cultural tourism, domestic growth, rural tourism, service excellence, and climate change. • Strengthening fund management with clear deliverables, 60-day approval targets, and consequence management. • Implementing a Community Tourism Aftercare programme offering post-handover support to community lodges. • Enhancing digital transformation through a Digital Maturity Roadmap, real-time tourism dashboards, and mobile tools. • Applying a Sector Risk and Mitigation Plan focusing on climate change, health, safety, and governance. • Increasing transparency via quarterly public dashboards on EPWP placements, fund disbursements, and risk metrics. Tourism performance and economic impact The Minister reflected on the sector's strong performance in 2024/25: • International visitor arrivals reached a peak of 9.1 million. • Domestic overnight travel increased to 40 million trips from 37.7 million the previous year. • International tourists contributed R92.8bn in foreign direct spend. • Domestic tourism grew by 7.6% to R133.1bn. • 76% of the budget was directed to growth-and-jobs initiatives, with 40% procurement from SMMEs and 40% from women-owned businesses. • The Green Tourism Incentive Programme retrofitted 103 properties. • Support was given to 266 SMMEs at global trade shows via the Market Access Support Programme. • R144m was spent to train and deploy 2,305 Tourism Monitors. • Major policy achievements included completing the Tourism Master Plan, Tourism White Paper, and Tourism Route Development Marketing Plan. • The Trusted Tour Operator Scheme, in collaboration with Home Affairs, welcomed the first Chinese and Indian travellers via digital visas. Tourism growth partnership plan The department introduced the Tourism Growth Partnership Plan with five pillars to drive sustainable sector growth by 2030: 1. Ease of access – visa reform, air and road connectivity 2. Coordinated destination marketing – covering international, continental, domestic, and MICE markets 3. Tourist safety and security – awareness and crisis management 4. Tourism product development – infrastructure and immersive experiences 5. Job creation – youth employment acceleration and skills development An upcoming Execution Lab will engage sector leaders to implement these goals. Marketing and product development initiatives The flagship 'South Africa Awaits – Come Find Your Joy!' campaign reached seven key markets, boosting website traffic by 35% and generating 1.2 million digital engagements. Domestic campaigns like 'Sho't Left/Travel Week' saw a 9% increase in provincial travel and supported 914 new jobs. The Department plans to spend R20m marketing National Domestic Tourism and has commissioned new tracking surveys to gain real-time visitor insights. Efforts continue to maintain Africa's position as a leading hub for Meetings, Incentives, Conferences, and Exhibitions (MICE), aiming to increase exhibitor diversity by 15% for Meetings Africa and Travel Indaba 2026-2028. Tourism product development will receive R95m for the maintenance and enhancement of Department-owned sites, community tourism lodges, and branded routes in villages and townships. The department will host its first Tourism Investment Conference in Cape Town in September 2025. Minister de Lille reaffirmed the government's commitment to leveraging legislative, operational, and strategic interventions to strengthen tourism, remove barriers, and embed innovation. The sector is positioned as a catalyst for a resilient and inclusive South African economy.
