Dubai-based luxury retailer Chalhoub Group is the best company to work for in the UAE this year, according to LinkedIn.
Abu Dhabi’s strategic investment arm Mubadala Investment Company, healthcare provider Mediclinic, Europe’s largest bank HSBC and hospitals operator Aster DM Healthcare complete the top five preferred employers, according to the 2022 LinkedIn Top Companies List.
Other sought-after employers in the UAE include national health insurer Daman, Al Tayer Group, cosmetics company L’Oreal, Dubai lender Mashreq Bank and life insurer MetLife, according to the professional network.
This list is meant to guide professionals at every stage – whether that means a career pivot, jumping back into the workforce after a hiatus or investing in new skills
Salma Altantawy,
Mena news editor at LinkedIn
Abu Dhabi Islamic Bank, Gulf Marketing Group (parent of Sun & Sand Sports), business conglomerate and mall operator Majid Al Futtaim, e-commerce company Amazon and energy services company Schneider Electric round out the top 15 list.
“This list is meant to guide professionals at every stage — whether that means a career pivot, jumping back into the workforce after a hiatus or investing in new skills,” Lynn Chouman, senior news editor at LinkedIn, said on Wednesday.
"Seeing new rankers make up 80 per cent of the list for 2022 is an indication of how significant a single year can be in reinvigorating business cultures as the world of work continues to evolve."
The seven criteria LinkedIn used to identify the best companies in the UAE were the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and spread of educational backgrounds. The companies were analysed from January to December last year.
The UAE jobs market has recovered strongly from the pandemic-induced slowdown, helped by the government’s fiscal and monetary measures.
About 76 per cent of employers in the Arab world's second-largest economy plan to expand their workforce in 2022, a February survey by jobs portal Bayt.com and market research company YouGov found.
About two thirds of professionals in the UAE will actively look for new jobs in the first half of this year as business confidence and hiring activity return to pre-pandemic levels, recruitment company Robert Walters said.
To be eligible for the UAE Top Companies list, a company must have at least 500 employees as of December 31, 2021, and the attrition rate can be no higher than 10 per cent, according to LinkedIn.
The most sought-after skills at the UAE’s best employer Chalhoub Group are luxury goods, retail sales and visual merchandising, while the job roles in demand are those of sales executive, fashion consultant and make-up artist, LinkedIn said.
At Mubadala Investment Company, in-demand roles include investment specialists, senior legal counsel and investment associates, the list revealed.
At Mediclinic and Aster DM Healthcare, the most in-demand roles are registered nurses, pharmacists, hospital administrators and medical doctors.
The Covid-19 pandemic opened up a range of employment prospects for certain segments of the healthcare industry. Healthcare jobs now most sought after in the UAE include nurses, laboratory technicians and general practitioners, according to recruitment agency Hays.
The most sought-after roles at lenders HSBC and Mashreq Bank are those of premier client manger, service officer, relationship manager, compliance officer and personal banker, LinkedIn found.
Daman is prioritising jobs for customer service representatives, business development managers and financial officers, while insurance advisers, sales managers and financial advisers are sought after at MetLife, according to the LinkedIn list.
LinkedIn's list of the best 15 companies to work for in the UAE
- Chalhoub Group
- Mubadala Investment Company
- Mediclinic
- HSBC
- Aster DM Healthcare
- Daman
- Al Tayer Group
- L’Oreal
- Mashreq Bank
- MetLife
- ADIB
- GMG
- Majid Al Futtaim
- Amazon
- Schneider Electric
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Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
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The biog
Name: Marie Byrne
Nationality: Irish
Favourite film: The Shawshank Redemption
Book: Seagull by Jonathan Livingston
Life lesson: A person is not old until regret takes the place of their dreams
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Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
White hydrogen: Naturally occurring hydrogen
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FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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