Lebanese expat Ghassan Khairallah worked as a customer relationship manager for a Dubai bank for 12 years, selling credit cards, loans, fixed deposits, mortgages, investments and insurance schemes.
However, he lost his job during the Covid-19 pandemic and stayed at home, unemployed, for two years.
“My former manager would always ask why I wasn’t using my negotiation skills and connections to sell real estate and make more money,” says Mr Khairallah, 44, who lives in Arabian Ranches, Dubai.
“At the time, I was afraid to take the risk of changing my career owing to family responsibilities.
“The job termination made me rethink my decision. I was a salesman and could sell anything anywhere.
“I used my transferable skills and joined property technology start-up Huspy in 2022 as an agent, and have moved up to a sales director role today.
“All this has been possible due to customer referrals and how I operate with integrity and loyalty. I used the same skills in my banking role, too. If I am not convinced by the product I am selling, then I cannot convince others.”
Mr Khairallah and his wife also own a company that deals in property maintenance and he separately earns rental income, too.
Leveraging transferable skills to switch careers is a growing trend in the region, according to recruitment experts.
Forty-four per cent of regional employees are considering changing employers within the next 12 months, a significant increase compared to the global average of 28 per cent, according to the Middle East Workforce Hopes and Fears Survey 2024 by recruitment agency TASC Outsourcing.
This shift is driven by a desire for financial improvement and career advancement, with 71 per cent of respondents planning to ask for a pay raise and 67 per cent seeking promotions.
Opportunities to learn new skills are also a major factor, with 67 per cent of Middle Eastern employees highlighting this aspect, compared to 47 per cent globally, the survey found.
The workforce in the Middle East is particularly eager to acquire new skills due to rapid technological advancements.
About 63 per cent believe that artificial intelligence, generative AI and robotics will affect their jobs in the next three years, compared with 46 per cent globally, the findings revealed.
Professionals are using skills such as effective communication, leadership, problem-solving, critical thinking, digital literacy, adaptability, emotional intelligence, creativity, time management and networking to adapt and succeed in different roles and industries, Anil Singh, senior vice-president and country leader of Saudi Arabia at TASC Group, says.
The UAE’s dynamic job market and evolving economic landscape are driving this trend, with many workers recognising the value of their diverse skill sets and exploring new career paths, he adds.
Recruiters value the ability to shift smoothly between roles, as it demonstrates adaptability and versatility.
Tailoring these skills to job descriptions and emphasising quantifiable achievements can enhance CVs and career prospects, according to the recruitment agency, Mr Singh says.
However, Mark Timms, founding partner and chief growth officer at recruitment company GRG, says the UAE presents significant challenges for professionals wishing to change careers.
The country's job market is highly competitive, with more jobseekers than available opportunities. This results in a company-driven market where candidates must meet many criteria to be considered for a position.
According to Mr Timms, in a market where there may be 10 requirements for a job, candidates who do not meet at least nine of them will struggle to secure an interview.
Czech national Kristina Melsova has leveraged her transferable skills to transition across industries including banking, e-commerce, food ordering, and now the travel and creator economy.
She worked in Prague, Czech Republic, for eight years as an Agile coach in banking and e-commerce. She later moved to Dubai in her next big career change after accepting a role in human resources with food delivery platform Talabat.
“I was open to switch careers every three or four years because I believe in the principle of being more broad in what you do,” says Ms Melsova, 30. “I value people who are more multifunctional.
“This helps you be more competitive, have more fun at work and learn something new. The next step was to launch my own start-up, called atlaseek, in the travel and creator economy, a year ago.”
It is a platform that helps five-star hotels, destinations and tour companies connect with travel creators and produce campaigns to promote places.
“What helped me as an entrepreneur was having different experiences from various departments, such as IT, product, people management and leadership,” she says. “As an entrepreneur, you have to wear different hats.
“Change is something I always seek. I believe in being curious, learning constantly and focusing on where I can bring value instead of only having one expertise my entire life.”
She believes it is important to have the right mindset while shifting industries. As an Agile coach bringing transformation to companies, she encouraged people to be curious, flexible, self-motivated, learn new things, have an open mind and see change as a positive.
Mr Timms says finance, IT and HR have remained resilient against industry biases over the past two decades. These functions are grounded in a set of fundamental principles with minimal variation from one company to another.
As a result, hiring managers are increasingly valuing each candidate's skill set, rather than solely focusing on the industry they originate from, he adds.
“Thirty- to 45-year-olds are the largest group of professionals looking for change,” Mr Timms says.
“The challenge, however, is weighing up the thrill or ‘idea’ of something new with the likelihood that it may come with compromise – this can be either financial, the level of seniority or even the amount of professional equity you take into this new adventure.”
For TASC Group's Mr Singh, whether you are a seasoned worker or just starting your career, emphasising transferable skills can enhance your employability and adaptability.
The primary reason people switch industries is the search for more fulfilling and meaningful work.
Many professionals are looking for opportunities that align better with their values, interests and long-term career goals. This trend is driven by the desire for personal growth, better work-life balance and new challenges, according to Mr Singh.
Additionally, the dynamic job market and rapid technological advancements have opened up possibilities for career changes. Economic factors, such as job stability and better compensation, also play a role in motivating professionals to explore different industries, he says.
Mr Timms says: “The UAE is one of the best places to live and work in the world. This is a double-edged sword because people don’t want to leave and glass ceilings across a company’s hierarchy are created.
“With this, professional and personal growth is stifled and boredom and frustration with stagnancy can seep in. Boredom is the biggest reason we see for professionals wishing to switch industries.”
Mr Singh from TASC has identified the leisure and hospitality sector as facing significant attrition due to overwhelming workloads. In the health care and social assistance industries, essential workers have been particularly under pressure from the pandemic, resulting in many employees choosing to leave their positions.
White-collar professionals often leave roles that lack meaning, challenge, or opportunities for growth. Similar issues are driving attrition in the trade, transportation, and utilities sectors, according to TASC. The education sector is also struggling with retention of employees.
“On the flip side, many industries are increasingly open to candidates from different backgrounds,” he says.
“By reinventing recruitment strategies and emphasising upskilling programmes, organisations can attract diverse talent and adapt to the changing job market. This openness to varied backgrounds not only helps fill vacancies but also fosters innovation and resilience in the workforce.”
UAE currency: the story behind the money in your pockets
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
MATCH INFO
World Cup qualifier
Thailand 2 (Dangda 26', Panya 51')
UAE 1 (Mabkhout 45 2')
AWARDS
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
If you go
The flights
Etihad (etihad.com) flies from Abu Dhabi to Luang Prabang via Bangkok, with a return flight from Chiang Rai via Bangkok for about Dh3,000, including taxes. Emirates and Thai Airways cover the same route, also via Bangkok in both directions, from about Dh2,700.
The cruise
The Gypsy by Mekong Kingdoms has two cruising options: a three-night, four-day trip upstream cruise or a two-night, three-day downstream journey, from US$5,940 (Dh21,814), including meals, selected drinks, excursions and transfers.
The hotels
Accommodation is available in Luang Prabang at the Avani, from $290 (Dh1,065) per night, and at Anantara Golden Triangle Elephant Camp and Resort from $1,080 (Dh3,967) per night, including meals, an activity and transfers.
Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3ETribute%20Games%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Dotemu%3Cbr%3E%3Cstrong%3EConsoles%3A%20%3C%2Fstrong%3ENintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20One%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Company%20profile
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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.”
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure'
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse
Killing of Qassem Suleimani
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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
Dubai Rugby Sevens
November 30, December 1-2
International Vets
Christina Noble Children’s Foundation fixtures
Thursday, November 30:
10.20am, Pitch 3, v 100 World Legends Project
1.20pm, Pitch 4, v Malta Marauders
Friday, December 1:
9am, Pitch 4, v SBA Pirates
AIR
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EBen%20Affleck%3Cbr%3E%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EMatt%20Damon%2C%20Jason%20Bateman%2C%20Ben%20Affleck%2C%20Viola%20Davis%3Cbr%3E%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
MATCH INFO
France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')
Italy 1
Bonucci (36')
South Africa squad
: Faf du Plessis (captain), Hashim Amla, Temba Bavuma, Quinton de Kock (wkt), Theunis de Bruyn, AB de Villiers, Dean Elgar, Heinrich Klaasen (wkt), Keshav Maharaj, Aiden Markram, Morne Morkel, Chris Morris, Wiaan Mulder, Lungi Ngidi, Duanne Olivier, Vernon Philander and Kagiso Rabada.
The%C2%A0specs%20
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Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
The%20specs
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UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
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THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now