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Companies in UAE Intend to Hire More Next Year


Middle East : 26 October

Source: Gulf News 2013.

Dubai: Organisations in the UAE are expected to hire more staff and grant another round of 5 per cent pay increase next year, Mercer has predicted.

“Salary increase for UAE employees in 2014 will remain close to this year’s figure at around 5 per cent. It suggests an increase in long-term incentives in the region, with pay-outs that occur over a longer period of time and which emphasise sustained performance and employee retention,” Mercer’s report noted.

Among the companies polled, 68 per cent said they intend to increase their payroll size, compared to 60 per cent in 2012. The labour market also appears to be more dynamic, with voluntary turnover exceeding last year’s figures, about 12 per cent of full-time employees.

“Overall, multinational organisations with operations in the UAE still perceive the country as a key growth region. This is exemplified by the fact that organisations intend to hire more staff over the coming year as well as the fact that voluntary turnover is higher than it used to be last year,” said Nuno Gomes, Mercer’s Information Solutions leader for the Middle East.

18 October

Qatar Rail and Transport Projects at USD30bn, 2nd Largest in Gulf

Source: Gulf Times 2013
Qatar is the second largest rail and transport projects market in terms of current development in the Gulf region with rail, metro, tram and BRT projects in the country valued at more than $30bn, a new report has shown.
These projects are scheduled to be finished by 2020, ahead of the Qatar 2022 [...]

18 October

UAE Committed to New Types of Energy

Source: 7Days 2013
UAE Minister of Energy Suhail Mohammed Al Mazrouei told global energy leaders at a major industry meet in South Korea that the country is committed to investing in traditional and new forms of energy.
In a keynote address delivered at the World Energy Congress (WEC), in the South Korean city of Daegu, the minister [...]

18 October

Dubai SME Reports 50% Increase

Source: Gulf News 2013
Dubai: Dubai SME witnessed a 50 per cent increase in membership this year, according to CEO Abdul Baset Al Janahi.
Dubai SME was formed in 2002 as an agency in the Dubai Department of Economic Development (DED) with the goal of developing local entrepreneurship as an alternative career choice amongst the local residents.
“Over [...]

11 October

GCC Rapid-Growth Markets Grow Through Economic Diversification

Source: MENA Public Relations
The UAE’s economy expected to grow by 3.9%, Saudi Arabia by 4.3% and Qatar by 6.0% in the medium term
DUBAI, 06 October 2013: According to EY’s most recent Rapid-Growth Markets (RGMs) Forecast, the GCC can expect to see robust economic growth over the medium term and successful diversification of its local economies. [...]

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