Israel Katz instructs director-general of National Insurance Institute not to reduce unemployment stipends, despite stipulations of law passed in July 2020

Over 20 of kingdom's biggest companies will lead the investment drive by contributing 5 trillion riyals over the next decade

With restrictions on businesses eased, the number of jobless shrunk by tens of thousands

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As ministry offers grants to encourage furloughed employees to return to work, former Bank of Israel head Karnit Flug warns that tackling unemployment is key to recovery

Central Bureau of Statistics data shows economy shrunk for the first time since marginal drop in 2002, but Jewish state's performance better than expected, far ahead of OECD

New US president to sign 2 more executive orders Friday as part of his administration's COVID response; economic adviser: 'The American people can't afford to wait'

National Insurance Institute records largest drop in median income in 20 years, resulting in a lowering of the poverty line that 'occurs only during severe recessions'

Ministry sees jobless rate in 2020 at 15.4%, compared to 3.8% in 2019

National Insurance Institute says 620,000 currently relying on unemployment benefits, as economy continues to take a pummeling from closures