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New Bahrain scheme to create 25,000 jobs this year
MANAMA, January 19, 2021 Bahrain will launch the second edition of its National Employment Program, which aims to create 25,000 jobs in 2021 and provide 10,000 training opportunities annually. His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, directed the launch of the National Employment Program 2.0 as he chaired the weekly Cabinet meeting yesterda (Jan 18), said a Bahrain News Agency report. The program will be based on three main initiatives, namely the allocation of a budget of BD120 million ($318.35 million) from the Labour Fund ‘Tamkeen’ for three years (2021-2023), double of what has been allocated during the past five years, to support the employment of Bahrainis through the wage support program, while increasing the amount and duration of support extended to those registered with the Ministry of Labour and Social Development and new entrants into the labour marke
Tamkeen injects $2.2bn into private sector
MANAMA, December 20, 2020 Bahrain’s Labour Fund, Tamkeen, has injected nearly BD830 million ($2.2 billion) since 2006 into the development of the private sector to achieve the Kingdom’s goals of making the private sector as the main engine of the national economy, while also ensuring that Bahraini citizens are the first choice in the labour market. To date, Tamkeen has provided support to more than 200,000 individuals and more than 53,000 institutions The main initiatives of Tamkeen is to support the private sector and it is done through several packages designed to meet the needs of enterprises and individuals: The Individual Support Program and the Enterprise Support Program, under which the Business Development, and the Training and Wage Support program fall under.
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