The most in-demand jobs in the UAE and Saudi Arabia in 2023 will again be dominated by the technology sector, as companies continue their post-coronavirus pandemic digital transformations, according to figures compiled by LinkedIn.
Employers are seeking advanced skills such as programming languages and cyber security in response to a growing emphasis on data and automation in the region, the world’s largest professional network said on Wednesday.
“This focus on tech infrastructure has been further strengthened by the digital strategy goals of the two Gulf states,” Microsoft-owned LinkedIn said in its Jobs on the Rise for 2023 report.
The positive hiring trend is in contrast to the global mass layoffs and hiring freezes in the sector by companies such as Amazon, Facebook parent Meta Platforms, Twitter, Spotify and Intel, resulting in more than 154,000 workers being laid off in 2022 alone, according to layoffs.fyi, which has been tracking technology sector job losses since the beginning of the pandemic.
The UAE jobs market has made a strong recovery from the coronavirus-induced slowdown, boosted by the government’s fiscal and monetary measures.
The UAE, the Arab world’s second-largest economy, has introduced a number of economic, legal and social reforms over the years to strengthen its business environment, increase foreign direct investment, attract skilled workers with new visas and provide incentives to companies to set up or expand their operations.
It has also introduced an unemployment insurance scheme, which came into effect on January 1.
Watch: What is the UAE’s unemployment insurance scheme and how does it work?
The jobs market in the UAE is expected to continue to strengthen in 2023, driven by strong market confidence and foreign direct investment as companies expand their international presence in the Emirates, recruitment specialist Michael Page said in a report in November.
A survey conducted by Bayt.com and YouGov in October last year also found that 86 per cent of working professionals in the UAE have a positive career outlook for 2023.
Meanwhile, hiring in Saudi Arabia’s non-oil sector in December increased at its fastest pace since 2018, driven by “robust” business activity, according to the Riyad Bank Saudi Arabia purchasing managers’ index.
About 40 per cent of the top 10 roles in Saudi Arabia, the Arab world's biggest economy, were related to cyber security, data analysis and software development, the LinkedIn data showed.
In the UAE, demand for developers also increased, with 30 per cent of the top 10 jobs being for software development roles.
Other in-demand roles in the two countries include sales representatives, environmental managers and HR specialists, as companies expand their revenue models and intensify efforts to attract the best talent, it added.
Demand for remote and flexible job roles is also on the rise in the GCC, particularly in the UAE, the LinkedIn data showed.
Since the outbreak of the pandemic, employees have been leaving their jobs at much higher rates than normal, in what has been called The Great Resignation, as they seek better work-life balances and more flexibility with their jobs.
The UAE has also emerged as a hotspot for remote cross-border hiring, with companies in Canada, the US, the UK and Israel tapping into a “pool of high-quality jobseekers” looking for full-time remote positions, payroll and remote onboarding company Deel said in its State of Global Hiring Report 2022 in August.
Remote working — in pictures
In December, remote job postings in the UAE grew 27.7 per cent on a monthly basis, according to LinkedIn.
This is one of the highest growth rates in the Europe, Middle East and Africa region, with remote job postings now in negative territory in markets such as the UK (-1.6 per cent), Germany (-10.5 per cent) and France (-21.6 per cent), LinkedIn said.
MATCH INFO
Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)
Arsenal win 5-4 on penalties
Man of the Match: Ainsley Maitland-Niles (Arsenal)
Premier Futsal 2017 Finals
Al Wasl Football Club; six teams, five-a-side
Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado
Recent winners
2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
Starring: Jamie Foxx, Angela Bassett, Tina Fey
Directed by: Pete Doctor
Rating: 4 stars
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
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