Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE jobs and salaries set to grow faster in 2014: Survey  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) According to gulftalent?s report the uae has further strengthened its position as the prime destination for expatriates in the gcc

Companies across the gcc are expected to hire more staff than they did in 2013 a recent survey by online recruitment firm gulftalent has revealed.


The 2014 edition of “employment and salary trends in the gulf” revealed that 2014 will be a year of stronger employment growth and higher salary rises. the report showed that saudi arabia was the leader in job creation in 2013 with 62 per cent of companies increasing their headcount last year. the kingdom was followed by the uae and kuwait.


Gulftalent’s survey also found that across the gcc more companies expect to increase their headcount in 2014 compared with last year with 75 per cent of companies in qatar to create jobs this year. the positive development is primarily due to the execution of major infrastructure projects gathering momentum partly in preparation for the 2022 fifa world cup.


This is followed by companies in saudi arabia and the uae with 63 per cent and 57 per cent of companies looking to create jobs respectively. even companies in bahrain are showing signs of improvement in job creation as the political situation stabilises further: 30 per cent of companies expect to increase their headcount compared with only nine per cent in 2013.


Broken down into sectors healthcare topped the table with 80 per cent of companies having created jobs in 2013 driven by heavy government investment in the sector and more countries making health insurance mandatory for employers. according to the survey telecom and retail sectors competed for second position.


Hospitality and retail will dominate job growth in 2014 with 61 per cent of companies in the hospitality sector planning to increase their headcount. fifty-seven per cent of firms in the retail sector will create jobs driven by the region’s rapid population growth and increasing penetration of retail outlets in more remote locations.


Across most of the gcc private-sector salaries are forecast to rise at a faster pace in 2014 compared with the previous year. oman where employees are expected to enjoy an average pay increase of eight per cent leads the field. saudi arabia has the second-highest rate with a projected average increase of 6.8 per cent followed by qatar at 6.7 per cent and the uae at 5.9 per cent. kuwait and bahrain are forecast to have the region’s lowest salary increases — projected at 5.8 per cent and 3.9 per cent respectively. while the salary increases are higher than the previous year they continue to be below the levels seen before the global financial crisis.


According to gulftalent’s report the uae has further strengthened its position as the prime destination for expatriates in the gcc. optimism about the country’s future has increased following dubai’s economic recovery and successful bid for hosting the 2020 expo. expatriates also continue to value the uae’s stability especially as parts of the wider region remain plagued by tensions. not surprisingly dubai and abu dhabi are the region’s most-attractive cities followed by qatar’s capital doha. bahrain on the other hand remains the least-attractive destination for expatriates.


— rohma?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Oct 1 2014 - Oman interested to invest in CyprusMENAFN
(MENAFN) Oman's Minister of Oil and Gas said that the country is very interested in investing in Cyprus, particularly in the field of research and exploitation of natural gas, Muscat Daily ...

 Oct 1 2014 - Emirates to launch new Dallas flightsMENAFN
(MENAFN) Emirates announced it has launched its first scheduled A380 daily service to Dallas Fort Worth International Airport, Gulf Business reported.The airline said it expects that the business ...

 Oct 1 2014 - Dubai Development Co. considering several offers of merger or acquisitionMENAFN
(MENAFN) Dubai Development Co, the company responsible for the Mirdif area of the emirate, announced it is considering several external offers of merger or acquisition, Arabian Business reported.The ...

 Oct 1 2014 - Etihad Rail starts on second phase of USD11bn UAE rail networkMENAFN
(MENAFN) Etihad Rail, the UAE's railway developer, announced it is set to secure government funding and award contracts for the construction of the second phase of its USD11 billion national rail ...

 Oct 1 2014 - Omani Renaissance awards 2 contracts for Duqm construction projectMENAFN
(MENAFN) Renaissance Services announced it has awarded the contractors S&T and Al Hajiry two main construction contracts in the Duqm permanent accommodation (PAC) project, Times of Oman reported. ...

 Oct 1 2014 - Oman's PEIE, Italian firm ink consultancy for Ibri projectMENAFN
(MENAFN) The Public Establishment for Industrial Estates (PEIE) announced it has signed consultancy agreements with F&M Ingegneria Spa, the leading Italian engineering consultancy firm to develop the ...

 Oct 1 2014 - ISIL militants advance in N. Syria - SHORKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Islamic State in Iraq and the Levant (ISIL) have crushed the Kurd defenses in the rural areas around Ayn Al-Arab city, known in Kurdish as Kobani, near ...

 Oct 1 2014 - Sharjah's tourists number reaches 1m in H1MENAFN
(MENAFN) The Sharjah Commerce and Tourism Development Authority (SCTDA) announced a significant increase in the number of visitors to the emirate, with over one million people visiting Sharjah in the ...

 Oct 1 2014 - Emirates expands Africa reach with Angola dealMENAFN
(MENAFN) Emirates announced it has signed a ten-year management agreement with TAAG Angola Airlines (Linhas Aereas De Angola), the national carrier of Angola, which is expected to strengthen its ...

 Oct 1 2014 - Flydubai launches new routes to Entebbe, BujumburaMENAFN
(MENAFN) Dubai-based flydubai's announced it has launched a new service to Entebbe and Bujumbura, with daily direct flights to Entebbe, and three flights a week to Bujumbura, thus doubling the ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help