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Founded Date July 31, 1935
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Global Labour Leaders Seal 31 Agreements To Boost Jobs, Training Opportunities

The Global Labor Market Conference (GLMC), has actually witnessed the finalizing of 31 agreements and Memoranda of Understanding (MOU) in between numerous entities, aiming to offer countless training chances and tasks for the international labor force. This contract was signed at the 2nd edition of the GLMC 2025, introduced in Riyadh, Saudi Arabia, by His Excellency Engineer Ahmad Bin Salman Alrajhi, the Minister of Human Resources and Social Development, along with 40 labour ministers. According to the ministers, these efforts will focus on certifying diverse groups, such as new graduates, females, and people with impairments, for ideal work through specialised training programmes, including development, educational efforts, leadership preparation, and knowledge-sharing partnerships
Data from the Organisation for Economic Cooperation and employment Development (OECD), approximately 67 million young individuals are currently out of work, and nearly 20 percent of people aged 15 to 54 are either utilized or participated in education, institutions, or training programs. Read also: Boost for entrepreneurs as IBPLC produces tasks with Hero apprenticeship effort

These data have likewise revealed that nearly 40 percent of companies report difficulties in filling vacancies due to a mismatch in between workforce skills and labour market needs, with youth unemployment exceeding 30 percent in some areas worldwide. Related News
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Highlighting the significance of these arrangements, Alrajhi stated “These figures highlight the urgent requirement to develop detailed strategies to resolve these typical difficulties successfully.” “Transforming them into opportunities, ultimately we can all collaborate to ensure the success of our economies, communities, and workforces.” The minister also kept in mind that the contracts focus on enhancing operational effectiveness, cultivating development, and driving worth development in positioning with Saudi Vision 2030. Key entities associated with these agreements include the Ministry of Human Resources and Social Development (HRSD), the International Labour Organization (ILO), Takamol Holding, INSEAD, UiPath, Bella Vista Institute of Higher Education, the Saudi Logistics Academy, the Ministry of Tourism, and Princess Nourah bint Abdulrahman University.
The GLMC’s MOU will see several notable cooperations emerged. INSEAD will supply scholastic services, while partnerships with Space Faculty and ProFun will explore development and knowledge sharing. Bella Vista Institute and the Academy will provide customized training programmes focused on management development and capacity structure. The Ministry of Tourism tattooed MoUs with Marriott Hotels and Arabian Airports to develop workforce qualifications and training efforts. Princess Nourah University partnered with SEA Ventures to promote entrepreneurship advancement. A substantial development is the facility of the Kaspersky Knowledge Transfer Centre, designed to advance cybersecurity abilities among students and the workforce, among others. Share
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Business Day, developed in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It distributes in Nigeria and Ghana

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