Clear picture on jobs is hard to come by in Lebanon


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BEIRUT // Kamil Saleman, a young man in his 30s, decided to return to Lebanon from the US in the wake of the 2008 economic crisis - but faced a hard homecoming.
The holder of a BS degree in computer science and an MBA from a US university, he had five years of experience in financial IT and consulting. This year, he spent six months looking for a job in Lebanon.
"I attended job fairs and sent my resume out to various companies and every single Lebanese bank. I was only interviewed by one consulting company. Many recruiters felt I was overqualified," he says. Mr Saleman has since returned to the US, where he is back on the jobs market.
In Lebanon, the official unemployment rate is 9 per cent, which is considered relatively high across the board. In a country where no official population census - essential for any proper labour survey - has been conducted since 1936, however, the real unemployment problem is more complicated.
According to Nassib Ghobril, the head economist at Byblos Bank, Lebanon has avoided an official census for almost 75 years, with labour statistics resultingly, therefore, mere approximations.
Although there are no official figures regarding the size of the Lebanese workforce, Mr Ghobril estimates the banking sector employs about 16,500 people. According to World Travel Tourism Council, the tourism sector employs about 553,000 individuals, including those working in sub-sectors or on a seasonal basis. Information Internationalpoints out the industrial sector is made up of about 130,000 people.
The research company, however, conducted its own study in 2005. It estimated the jobless rate as high as 16.6 per cent. The census established at the time that 30,000 people joined the labour market every year. About 27 per cent of job seekers were able to find work, some 20 per emigrated and 53.4 per cent remained unemployed.
The Lebanese Economic Association's Jad Chaabanlast week stated unemployment in Lebanon affected "about 25 per cent of young people today".
For a large portion of the Lebanese population unable to find a job, emigration is the solution.
"Every year, 15,000 to 20,000 Lebanese leave the country, [mostly] young people, about half of all graduates," says Mr Chaaban
The labour situation is even more hopeless for the 300,000 Palestinian refugees residing in Lebanon, who face unemployment estimates as high as 60 per cent. Like Abed Awad, a Palestinian refugee with a physics major living in the southern Ain el Helweh camp, they areunable to travel to look for work because of their refugee status.
business@thenational.ae

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

MATCH INFO

Tottenham 4 (Alli 51', Kane 50', 77'. Aurier 73')

Olympiakos 2 (El-Arabi 06', Semedo')

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

UAE currency: the story behind the money in your pockets
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Asia Cup Qualifier

Final
UAE v Hong Kong

Live on OSN Cricket HD. Coverage starts at 5.30am

RESULTS: 2018 WORLD CUP QUALIFYING - EUROPE

Albania 0 Italy 1
Finland 2 Turkey 2
Macedonia 4 Liechtenstein
Iceland 2 Kosovo 0
Israel 0 Spain 1
Moldova 0 Austria 1
Serbia 1 Georgia 0
Ukraine 0 Croatia 2
Wales 0 Ireland 1

RESULT

Bayern Munich 5 Eintrracht Frankfurt 2
Bayern:
 Goretzka (17'), Müller (41'), Lewandowski (46'), Davies (61'), Hinteregger (74' og)    
Frankfurt: Hinteregger (52', 55')

Switching%20sides
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Saturday's results

Brighton 1-1 Leicester City
Everton 1-0 Cardiff City
Manchester United 0-0 Crystal Palace
Watford 0-3 Liverpool
West Ham United 0-4 Manchester City

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
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  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Results

5.30pm Maiden (TB) Dh82,500 (Turf) 1,400m

Winner Spirit Of Light, Clement Lecoeuvre (jockey), Erwan Charpy (trainer)

6.05pm Maiden (TB) Dh82,500 (Dirt) 1,900m

Winner Bright Start, Pat Cosgrave, Saeed bin Suroor

6.40pm Handicap (TB) Dh92,500 (D) 2,000m

Winner Twelfthofneverland, Nathan Crosse, Satish Seemar

7.15pm Handicap (TB) Dh85,000 (T) 1,600m

Winner Imperial Empire, Tadhg O’Shea, Satish Seemar

7.50pm Handicap (TB) Dh92,500 (T) 2,000m

Winner Record Man, Tadhg O’Shea, Satish Seemar

8.25pm Handicap (TB) Dh92,500 (D) 1,600m

Winner Celtic Prince, Fabrice Veron, Rashed Bouresly