DUBAI // Arab youth are more anxious about jobs and inflation than about the threat of terrorism, a survey shows.
Soaring prices have been a key concern for more than 60 per cent of respondents for the past three years, according to the Arab Youth Survey.
Worries about rising costs are evenly spread across the Arab world among youth, with 63 per cent in the GCC saying they were “very concerned”, compared with 62 per cent in the other Arab countries.
“Their focus is on the here and now. They are not looking at promises for the future,” said Don Baer, the chairman of polling firm Penn Schoen Berland (PSB), which conducted the survey.
“The younger demographic is focused on the fragility of the world economy and their concerns raise questions for governments and businesses.”
Sixty-seven per cent of respondents in Bahrain and Morocco voiced concern about living costs, compared with 61 per cent of their peers in the UAE, Egypt, Jordan, Oman, Yemen and Palestine.
In the UAE, 22 per cent of respondents were somewhat concerned about inflation, 12 per cent were not very concerned, while 5 per cent said they were not concerned at all.
There was more concern about unemployment in the non-GCC countries than in the GCC; 39 per cent of youth in the Arabian Gulf expressed concerns about jobs, compared with 55 per cent of their peers in the rest of the Arab world.
“The future of the region is defined by its young demographic,” said Sunil John, the chief executive of ASDA’A Burson-Marsteller, the public relations firm that released the survey.
“The young are focused on jobs and lower prices. They are worried about living standards, finding a job, being able to start a family. Governments are seriously challenged on creating jobs for people. With 80 to 100 million jobs to be created … there is no part of the globe that has needed so many jobs.”
Mr John said that was why governments were spending even more money to create funds for young people to start their own businesses, as they were unable to provide more jobs.
The Middle East and North Africa need to create 80 to 100 million jobs by 2020, according to World Bank figures.
Unemployment across age groups was 11.3 per cent last year in the Middle East; 28 per cent of youth and 19 per cent of women were unemployed, according to the International Labour Organisation.
Still, youth in the Arabian Gulf states were less anxious about finding jobs compared with their peers in other Arab countries.
Egyptian youth were the most concerned about unemployment at 62 per cent, followed by Algeria at 59 per cent, and Jordan, Iraq, Tunisia, Libya and Lebanon ranging between 56 and 54 per cent.
In the UAE, 36 per cent of respondents said they were very concerned about unemployment, similar to Oman’s 34 per cent.
Experts said this reflected the broader findings that showed the UAE retained its top position for the second consecutive year as the country most young Arabs would like to live in and the nation they would like their country to emulate.
“The UAE stood out when we asked if the government is going in the right direction,” said Mr John. “The sense of optimism among young nationals here about the future comes out shining in the study compared to all the youth in all the 16 countries.”
The interviews were conducted between December and January. An equal number of male and female Arabs between 18 and 24 years of age in the Middle East and North Africa took part in the survey.
rtalwar@thenational.ae
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday, February 8 v Kenya; Friday, February 9 v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
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RESULTS
West Asia Premiership
Thursday
Jebel Ali Dragons 13-34 Dubai Exiles
Friday
Dubai Knights Eagles 16-27 Dubai Tigers
COMPANY%20PROFILE
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
Results
4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)
5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel
5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel
6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi
6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud
7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel
7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
UAE Premiership
Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes
Final
Abu Dhabi Harlequins v Jebel Ali Dragons, Friday, March 29, 5pm at The Sevens, Dubai
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Company%20Profile
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Director: Amith Krishnan
Rating: 3.5/5
Who are the Sacklers?
The Sackler family is a transatlantic dynasty that owns Purdue Pharma, which manufactures and markets OxyContin, one of the drugs at the centre of America's opioids crisis. The family is well known for their generous philanthropy towards the world's top cultural institutions, including Guggenheim Museum, the National Portrait Gallery, Tate in Britain, Yale University and the Serpentine Gallery, to name a few. Two branches of the family control Purdue Pharma.
Isaac Sackler and Sophie Greenberg were Jewish immigrants who arrived in New York before the First World War. They had three sons. The first, Arthur, died before OxyContin was invented. The second, Mortimer, who died aged 93 in 2010, was a former chief executive of Purdue Pharma. The third, Raymond, died aged 97 in 2017 and was also a former chief executive of Purdue Pharma.
It was Arthur, a psychiatrist and pharmaceutical marketeer, who started the family business dynasty. He and his brothers bought a small company called Purdue Frederick; among their first products were laxatives and prescription earwax remover.
Arthur's branch of the family has not been involved in Purdue for many years and his daughter, Elizabeth, has spoken out against it, saying the company's role in America's drugs crisis is "morally abhorrent".
The lawsuits that were brought by the attorneys general of New York and Massachussetts named eight Sacklers. This includes Kathe, Mortimer, Richard, Jonathan and Ilene Sackler Lefcourt, who are all the children of either Mortimer or Raymond. Then there's Theresa Sackler, who is Mortimer senior's widow; Beverly, Raymond's widow; and David Sackler, Raymond's grandson.
Members of the Sackler family are rarely seen in public.
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Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley