Total interviews conducted this quarter up 113 per cent over the previous quarter
Job vacancies in the UAE have increased 33 per cent in the period covering April to June 2010 as compared to the first quarter of the year. That is a 45 per cent increase over the period covering April to June 2009, according to a recent survey.
The figures are a result of FiveTen Group’s research. The international recruitment company states that economic confidence has returned to the UAE, with the benefits seen as global trade is increasing and oil prices continue to rise.
The Regional Director of the FiveTen Group stated that although Dubai has had a rough time throughout the economic crisis, the overall position of the emirate and the entire region is getting better. Mark Baxter also noted that the Dubai property market continues to be unstable but that area has seen an increase in the job market. More positions are available and firms with increased confidence are putting additional hiring programs in place.
That brighter regional outlook is evidenced by increased hiring in the bank and financial sectors. Continued infrastructure investments by the government are creating additional jobs in the IT and telecom fields, according to the FiveTen Group.
Confidence is also strengthening in regional businesses as the Dubai World debt continues to be restructured as planned, calming worries that the amount would not be paid off. The International Monetary Fund pegs the projected GDP rate higher by 1.3 per cent in 2010 and up 3.1 per cent the following year, vast improvements from the negative growth throughout 2009.
FiveTen’s research also uncovered a 113 per cent increase for this quarter over last quarter in the amount of interviews conducted in the area. It is expected that businesses are investing more as they search for quality employees.Paul Holdsworth, Staff Writer, Gulf Jobs Market News