Latest news with #القطاع_الخاص
Arabian Business
3 days ago
- Business
- Arabian Business
Qatar GDP grows 3.7% in Q1 2025
Qatar's economy recorded real Gross Domestic Product (GDP) growth of 3.7 per cent in the first quarter of 2025, compared to the same period in 2024. The Qatar News Agency (QNA) cited the National Planning Council (NPC) as reporting that GDP at constant prices reached QAR 181.5 billion in the first quarter of 2025, compared to QAR 175 billion in the same quarter of the previous year. تشير بيانات الربع الأول من عام 2025 إلى أنّ الناتج المحلي الإجمالي لدولة قطر حقق نمواً قوياً مقارنةً بالفترة نفسها من العام الماضي. — المجلس الوطني للتخطيط – قطر (@npcqa) June 30, 2025 Qatar sees strong Q1 GDP growth Data issued by the National Statistics Centre highlighted the results of national efforts in strengthening the non-hydrocarbon economy, whose contribution constituted 63.6 per cent of real GDP for the first quarter of 2025, around QAR 115 billion. This represents a growing share compared to the 62.6 per cent figure in the same period in 2024. The 5.3 per cent growth in the non-hydrocarbon economy during the first quarter of this year was driven by strong performances across key sectors. Manufacturing increased by 5.6 per cent, construction grew by 4.4 per cent, real estate expanded by 7.0 per cent, and wholesale and retail trade surged by 14.6 per cent. Despite the volatility facing the global economy and its potential impact on oil and gas prices, growth in hydrocarbon activities continues. The sector now accounts for 36.4 per cent of Qatar's real GDP, around QAR 66 billion, with a growth rate of 1.0 per cent compared to the same period in 2024.
Arabian Business
3 days ago
- Business
- Arabian Business
Saudi Arabia's new Social Insurance Law takes effect from today
Saudi Arabia's new Social Insurance Law, issued last year on July 2 by a Royal Decree, came into force this Tuesday. The General Organisation for Social Insurance (GOSI) stated that the law applies exclusively to new civil employees joining the public and private sectors, who do not have any prior contribution periods in the current Civil Pension Law or Social Insurance Law. #التأمينات_الاجتماعية تعلن بدء تطبيق أحكام نظام التأمينات الاجتماعية المعلن عنها سابقاً اعتباراً من يوم غدِ الثلاثاء 1 يوليو 2025م. 📎| — التأمينات الاجتماعية (@SaudiGOSI) June 30, 2025 New Social Insurance Law takes effect The amended law stipulates a gradual increase in retirement age. There will be no change in the current GOSI subscriber benefits. The organisation stated that the statutory retirement age for individuals affected by the amendments will range between 58 and 65 years. The law will expand the scope of insurance coverage to include more categories and will achieve flexibility in job transfers between the public and private sectors without affecting subscribers' insurance rights by unifying insurance provisions under a single law. The new regulations, to be applied to new subscribers to the Social Insurance System, include a gradual increase in the pension branch subscription rates by 0.5 per cent annually, starting from the second year of the system's validity until the fifth year. The cumulative increase will be 2 per cent, which means the subscription rate becomes 11 per cent instead of 9 per cent for the subscriber and the employer. To preserve the rights of employees, the law stressed the need for employers to commit to paying subscriptions on their specified dates. The maternity benefit also come into effect from Tuesday, July 1. Female subscribers, whether Saudi or non-Saudi, are entitled to maternity compensation for three months upon giving birth. The GOSI has urged all customers, both subscribers and employers, to review all the details related to these provisions through the awareness platform on the organisation's website or on the GOSI app.
Argaam
09-06-2025
- Health
- Argaam
HRSD Ministry announces the implementation of the decision to ban working under sunlight
The Ministry of Human Resources and Social Development (MHRSD) and the National Council for Occupational Safety and Health will begin enforcing the ban on working under the sun in all private-sector establishments, from 12 noon to 3 p.m., starting Sunday 19 Dhul-Hijjah 1446 AH (15 June 2025) until Sunday 23 Rabiʿ al-Awwal 1447 AH (15 September 2025). This decision comes within the framework of preserving the safety and health of workers in the private sector, sparing them from conditions that may endanger their health, and providing them with a healthy and safe work environment in accordance with international standards for occupational safety and health. The Ministry called on employers to regulate working hours and take into account what is stipulated in this decision, contributing to a safe work environment free from various risks, and raising the level of efficiency and means of prevention to reduce occupational injuries and diseases and protect workers from accidents—an effort reflected in improving and increasing productivity. MHRSD has published on its website the following Arabic resources to aid compliance: Procedural Guide for Occupational Safety and Health to Prevent the Effects of Exposure to Sunlight and Heat Stress and Advisory Guide for Working in Hot Environments.
