UAE jobs: Emirates ranks first globally for workforce business skills

The UAE has been ranked first globally in terms of the business skills of its workforce, according to a report by US online education company Coursera.

The country is also ranked highly in terms of business skills such as entrepreneurship, strategy and operations, leadership and management, and communication, the Global Skills Report 2022, which assessed the skills of more than 100 million learners in 102 countries over the past year, said.

In terms of overall skills, the UAE was the highest-placed country in the Mena region and 23rd globally.

“The UAE has been preparing for the post-oil era with a more diversified, high-skill economy,” Coursera said in the report.

“This bet has paid off, with proficiency levels in the UAE leading the region for the second year in a row. However, education leaders will need to address weaknesses in technology and data science skills.”

The UAE has been investing in building a knowledge-based economy as it set sights on greater economic diversification.

The government’s expansion of its 10-year golden visa is aimed at providing incentives to professionals to move to the UAE, as well as promote the development of skills among the country's existing high-calibre talent pool.

California-based Coursera was founded in 2012 by two Stanford University computer science professors, Andrew Ng and Daphne Koller. The company provides online courses through partnerships with more than 200 universities and industry players.

In the UAE, Coursera provides services to the Abu Dhabi School of Government, Abu Dhabi’s Department of Government Support and Khalifa University through access to online courses from the world’s top universities, equipping people with the skills needed in a workplace that is being transformed by emerging technology.

By the middle of this decade, an estimated 85 million jobs may disappear while 97 million new ones will take their place as automation and digital technology revolutionise almost every industry, Coursera said.

The digital transformation of economies and businesses will displace 75 million jobs as the division of labour shifts between humans, machines and algorithms, according to the World Economic Forum.

However, 133 million new roles may emerge that are more adapted to this technology-led future.

UAE salary guide 2022 — in pictures

For technology and data science skills, the UAE’s talent pool was ranked 69th and 67th, respectively, in the world, the report said.

Learners in the UAE also scored high in security engineering, the report found.

“At an 89 per cent proficiency level, these are the skills that the country needs for initiatives like its Cybersecurity Council, which launched in 2020. Business leaders should find ways to put those skills to work,” Coursera said.

The UAE Cybersecurity Council was established in November 2020 with the mandate of developing a comprehensive cyber-security strategy and creating safe and strong cyber infrastructure in the Emirates.

Meanwhile, the most popular business skills among Coursera learners in the UAE include audit, negotiation, sales, strategy and general accounting, according to the report.

Learners are also studying in-demand computer science skills such as graphic design, design and product, computer graphics, software testing and operating systems, while data analysis software, data visualisation software, data analysis and Big Data skills are popular, the research revealed.

About 42 per cent of UAE learners are women while 44 per cent of users in the Emirates study on a mobile device, Coursera said.

In total, Coursera has 642,000 registered learners in the UAE, with an average age of about 34.

The US maintained its overall skills proficiency with a global ranking at 29. However, it lost ground in core technology and data science skills, Coursera said.

While its proficiency in business skills rose, learners in the US fell behind other high-income countries in a number of key technology and data science skills, including software engineering, cloud computing and mathematics, the report said.

Forty-seven per cent of learners enrolled in courses globally are women, up from 45 per cent last year and 38 per cent two years ago, Coursera said.

However, women learners lag in science, technology, engineering and mathematics (Stem) enrolment, it said.

The developing world, particularly the Asia-Pacific region and sub-Saharan Africa, had the highest rate of learner growth, the report found.

“Learners in the developing world showed relatively high levels of business skills proficiency, but scored lower in technology and data science,” Coursera said.

Meanwhile, courses in human skills had more learners from developed countries, while those in digital skills had more from developing ones, the report showed.

________________

Watch: Some of the stats behind the UAE's hiring boom

Managing the separation process

Choose your nursery carefully in the first place
Relax – and hopefully your child will follow suit
Inform the staff in advance of your child’s likes and dislikes.
If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
Be patient. Your child might love it one day and hate it the next
Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.

Boston%20Strangler

%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Matt%20Ruskin%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EKeira%20Knightley%2C%20Carrie%20Coon%2C%20Alessandro%20Nivola%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3Cbr%3E%3C%2Fp%3E%0A

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry

Rating: 2/5

EVIL%20DEAD%20RISE

%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELee%20Cronin%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAlyssa%20Sutherland%2C%20Morgan%20Davies%2C%20Lily%20Sullivan%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A

AL%20BOOM

%3Cp%20style%3D%22text-align%3Ajustify%3B%22%3E%26nbsp%3B%26nbsp%3B%26nbsp%3BDirector%3AAssad%20Al%20Waslati%26nbsp%3B%3C%2Fp%3E%0A%3Cp%20style%3D%22text-align%3Ajustify%3B%22%3E%0DStarring%3A%20Omar%20Al%20Mulla%2C%20Badr%20Hakami%20and%20Rehab%20Al%20Attar%0D%3Cbr%3E%0D%3Cbr%3EStreaming%20on%3A%20ADtv%0D%3Cbr%3E%0D%3Cbr%3ERating%3A%203.5%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A

The specs

Engine: 77.4kW all-wheel-drive dual motor

Power: 320bhp

Torque: 605Nm

Transmission: Single-speed automatic

Price: From Dh219,000

On sale: Now

Company profile

Name: Dukkantek

Started: January 2021

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani

Based: UAE

Number of employees: 140

Sector: B2B Vertical SaaS(software as a service)

Investment: $5.2 million

Funding stage: Seed round

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

MADAME%20WEB

%3Cp%3EDirector%3A%20S.J.%20Clarkson%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Dakota%20Johnson%2C%20Tahar%20Rahim%2C%20Sydney%20Sweeney%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A

THE%20STRANGERS'%20CASE

%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Brandt%20Andersen%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EOmar%20Sy%2C%20Jason%20Beghe%2C%20Angeliki%20Papoulia%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Killing of Qassem Suleimani

National Editorial: Suleimani has been killed, now we must de-escalate

Mina Al Oraibi: Air strike casts a long shadow over the decade ahead

Matthew Levitt: Iran retains its ability to launch terror attacks

Damien McElroy: A CEO tasked with spreading Iran's influence

Hussein Ibish: Trump's order on solid constitutional ground

Simon Waldman: Cautious Israel keeping a low profile

Kanye%20West

%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A

While you're here

Kareem Shaheen: Even a pandemic could not unite today's America

Michele Wucker: The difference between a black swan and a grey rhino

Robert Matthews: Has flawed science and rushed research failed us?

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

While you're here

Bryant Harris: What Joe Biden did during his first week as US President

Kareem Shaheen: Omar Alghabra outshines the racists who malign him

Kareem Shaheen: Canada is failing those who bear its greatest Covid-19 burdens

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

%3Cp%3EThe%20Punishment%20of%20Luxury%3Cbr%3EOMD%3Cbr%3E100%25%20Records%3C%2Fp%3E%0A

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

Tomorrow 2021

Crown Prince reveals Tomorrow 2021 plan for Abu Dhabi's economy

Tomorrow 2021: Abu Dhabi business leaders predict stronger 2019

The UAE explained: What are the new plans for the economy and why do we need them?

Abu Dhabi's plans to liberalise the economy are progressing fast - but how are other countries planning for post-oil?

UAE-wide visa changes: Expats imagine life after work in the UAE

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

MATCH INFO

Uefa Champions League last-16, second leg:

Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')

Ajax win 5-3 on aggregate

UAE jobs: Emirates ranks first globally for workforce business skills

The nation's talent pool leads in areas such as management, entrepreneurship, leadership, strategy and operations, report finds

UAE salary guide 2022 — in pictures

Watch: Some of the stats behind the UAE's hiring boom

Boston%20Strangler

Emergency

EVIL%20DEAD%20RISE

AL%20BOOM

The specs

Company&nbsp;profile

GAC GS8 Specs

MADAME%20WEB

THE%20STRANGERS'%20CASE

Killing of Qassem Suleimani

Kanye%20West

While you're here

Who's who in Yemen conflict

While you're here

Islamophobia definition

The specs

The specs: 2018 Chevrolet Trailblazer

Tomorrow 2021

Israel Palestine on Swedish TV 1958-1989

MATCH INFO

Company profile