Job opportunities in the United Arab Emirates have increased by 21% according to an in house research at CVCarrier.com.
The rise in job opportunities has been influenced by lots of key sectors. The construction sector has improved again as projects that had been stalled in first two months of the season kicked off. Consequently, architects, project managers, and quantity surveyors are in strong demand. As earlier highlighted this is because of a renewed concentrate on projects as Dubai sets for the Expo 2020.
The banking sector also has remained extremely strong which is in accordance with reports that Dubai Financial Market General Index surged 32 percent in quarter one 2015. This growth is anticipated to have a kick on influence on hiring as we end the year. At the same vein the financial, supply chain and procurement sectors all remain to excel, which is reflective of the large number of businesses under-going periods of restructure to improve productivity levels.
Lots of job opportunities await job seekers in the finance sector nowadays, as many banks in the UAE are on an employing spree, recruitment professional. Those with recently opened vacancies to finance specialists include Standard Chartered, Emirates NBD and Abu Dhabi Commercial Bank. As outlined by a recent Employment Index, more job opportunities are found in the UAE today, with banks leading the pack and rise in hiring process.
Job vacancies listed online for UAE’s banking industry increased by 38% in 2015 compared to the recent years.
The banking and financial services sectors are employing the most. In spite of the fall in oil costs, banks in UAE remained to post constructive growth. As of 2014, financial sectors in the country enjoyed much better liquidity, while advances and loans increased by 7.9% in the first 10 months of the past year alone. Overall, employing rate in UAE increased by 17%; all over the region, the demand for accounting and financial professionals improved by 67% every year.
The banking industry also has remained extremely strong throughout March which is in line with reports that the Dubai Financial Market General Index surged 32% in quarter three 2015. This growth is expected to have a knock on effect on hiring as we progress through the year. In the same vein the finance, supply chain and procurement sectors all continue to do well, which is reflective of the huge number of businesses going through periods of restructure to increase productivity levels.
Another growing trend happening in the UAE is the war for talent in Dubai. There is 16% rise in job seekers every month, employers are still unable to find applicants with the required skills and experience in a few areas. This could be resulting from impressive development in the neighboring countries like Saudi Arabia, Oman and Qatar that are inviting job seekers from Dubai. There is also improved confidence among candidates, which generally is prompting some to seek new jobs to further their well being.