Job seekers attend the Abu Dhabi Recruitment Show. Recruiters are readying for a boom in hiring for the transport, logistics, oil and gas sectors.
Job seekers attend the Abu Dhabi Recruitment Show. Recruiters are readying for a boom in hiring for the transport, logistics, oil and gas sectors.

Ringing in job opportunities



More than one in 10 people think that plenty of jobs are available in Dubai. The general optimism about the job market is reflected in increased activity for staffing firms, and experts predict more improvements in the market to come, Uta Harnischfeger writes Adecco, a global staffing firm, offers its phone-centre callers four choices: "Press 1 for banking and finance; 2 for IT and telecoms; 3 for engineering, oil and gas; and 4 for retail."

These days most callers are pressing 3, says Luc Bachelerie, the regional managing director of Adecco. "There are still lots of energy projects out there and the UAE is heavily investing," Mr Bachelerie says. "With the stabilising oil price, the oil and gas sectors are still recruiting lots of specialised engineers." Experts agree that most of the hiring in the next six months will be in companies involved in infrastructure projects (including construction in Abu Dhabi and roads, airport and Metro work in Dubai), Government-related work, the energy sector, aerospace, IT and health care.

"The phones are ringing much more now," says John Macdonald, the Middle East managing director at ORC Worldwide, which consults on human resource issues. "Companies that are going to recover first and fastest are those related to oil; more specifically the firms downstream from oil." In more general terms, a growing number of people are looking to switch to more reliable employers, Mr Bachelerie notes. Until a few months ago, few would have considered the luxury of switching jobs. The fact that some are doing so reflects an improving job landscape.

"There were three phases," he says. "During the boom people would jump from one job to another for Dh500. During the crisis those who stayed stuck to their chairs. And now, people are switching for a better salary, but mainly for the better name." More than one in 10 people in the UAE now think that plenty of jobs are available in Dubai, a September survey by the recruitment site bayt.com shows. That compares with three in 100 who felt that way in March.

Bayt.com says it has experienced rising recruitment levels on its site in the past two months, with much of the additional employment coming from the government sector. "The uptick in global economic markets - has already been evidenced in rising recruitment levels on our jobsite in the past 2 months," says Amer Zureikat, the regional manager at bayt.com. "Recruitment at government agencies has also picked up, which is always a great sign for the rest of the economy and really serves to boost consumer confidence while encouraging spending and investment."

Looking even further ahead, 40 per cent of UAE participants in the survey say they are optimistic about the employment market in the year to come. The regional average is 30 per cent. In addition, larger international companies already operating out of Dubai are now looking to spread their operations into neighbouring emerging markets such as Iraq and Afghanistan. Companies may agree to spend budget funds that were not allocated because they did not feel comfortable about the future.

"Come January we will see a lot more optimism," says Magdy el Zein, a managing director at the executive search firm Boyden. "We will see the drive to hire to put the business plans in positions and we will see the people hired to do the specific jobs by the end of the second quarter." "We expect hiring activity to rise by 30 per cent across the Gulf through 2009," Mr el Zein adds. "In the UAE, we will see similar kind of recovery ratio."

Executive search experts are also fairly bullish on the transport and logistics sector. One recruitment specialist identifies Etihad Airways, the biggest airline in the Middle East by revenue, as a growing business that was in search of talent. The specialist also points to Mubadala, the investment vehicle of the Abu Dhabi Government, which is investing heavily in aerospace research and development, as well as manufacturing.

Corporations are also looking at outsourcing information-technology services and improving their IT infrastructure. "A lot of companies are starting to look to outsource their IT for better cost monitoring and efficiencies," says Mr Bachelerie. "Many of them have grown really fast in recent years and the [economic] crisis has exposed some inhouse IT issues they are now trying to solve." If the world economy continues to improve, Adecco customers may once again be pressing all the buttons, from 1 through 4, and the phones of Mr Bachelerie and Mr Macdonald could be ringing off the hook.

@Email:uharnischfeger@thenational.ae

COMPANY%20PROFILE
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The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Sideup%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202019%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Waleed%20Rashed%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%2C%20Egypt%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20technology%2C%20e-commerce%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%241.2%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Launch%20Africa%20VC%2C%20500%20Global%2C%20Riyadh%20Angels%2C%20Alex%20Angels%2C%20Al%20Tuwaijri%20Fund%20and%20Saudi%20angel%20investor%20Faisal%20Al%20Abdulsalam%3C%2Fp%3E%0A

Royal Birkdale Golf Course

Location: Southport, Merseyside, England

Established: 1889

Type: Private

Total holes: 18

ESSENTIALS

The flights

Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes. 

The trip

From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.

When Umm Kulthum performed in Abu Dhabi

  

 

 

 

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

 
EA%20Sports%20FC%2024
%3Cp%3EDeveloper%3A%20EA%20Vancouver%2C%20EA%20Romania%3Cbr%3EPublisher%3A%20EA%20Sports%3Cbr%3EConsoles%3A%20Nintendo%20Switch%2C%20PlayStation%204%26amp%3B5%2C%20PC%20and%20Xbox%20One%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
Ain Issa camp:
  • Established in 2016
  • Houses 13,309 people, 2,092 families, 62 per cent children
  • Of the adult population, 49 per cent men, 51 per cent women (not including foreigners annexe)
  • Most from Deir Ezzor and Raqqa
  • 950 foreigners linked to ISIS and their families
  • NGO Blumont runs camp management for the UN
  • One of the nine official (UN recognised) camps in the region
ICC Women's T20 World Cup Asia Qualifier 2025, Thailand

UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)

TV (UAE time);

OSN Sports: from 10am

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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.”

HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
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