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Workforce nationalization is a government initiative that can be described as the recruitment and employee development to encourage or often require the employment of native-born population in certain jobs or industry sectors, thus reducing a country‘s dependency on an expatriate workforce. [1] These efforts have been defined as a multi-level ...
Schlumberger. Schlumberger NV ( French: [ʃlumbɛʁʒe, ʃlœ̃b-] ), doing business as SLB, also known as Schlumberger Limited, [2] is an American oilfield services company. [3] [4] As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
1980s oil glut. The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis. The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).
DUBAI (Reuters) -Kuwait on Wednesday formed a government headed by Prime Minister Sheikh Mohammed Sabah al-Salem al-Sabah, the state news agency said, the country's first cabinet after the death ...
The Cabinet of Kuwait is the chief executive body of the State of Kuwait. The 45th cabinet in the history of Kuwait was appointed on 17 January 2024. [1] On 4 January 2024, Amir of Kuwait His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah assigned His Highness Sheikh Mohammad Sabah Al-Salem Al-Sabah as Prime Minister. [2]
As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. Oil reserves were discovered in 1938. From 1946 to 1982, the country underwent large-scale modernization.
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