Job postings in the Gulf region have risen by 178 per cent since last October, says the regional head of Monster, the largest job-search engine in the world.
Sanjay Modi, the managing director for Monster in India, South East Asia and the Middle East, said the website was able to track the amount of monthly job opportunities posted to the site and monitor employment trends in each country.
"Over the past seven months we have seen a huge growth in the number of job postings that are visible on our site in the Gulf," Mr Modi said.
The figures may help to curb the unemployment rate in the GCC. The unemployment rate in the UAE is 4 per cent - 12.7 per cent for Emiratis - at the end of 2008, according to the most recent figures available from the Ministry of Economy.
Mr Modi said the top five industries looking for workers included the finance sector, product engineering, construction, information technology and the oil and gas sector.
"By the nature of their business in the Gulf, they are large employment generators," he said. "The impact that the Gulf market will see in terms of opportunities will be in these five sectors showing a positive growth."
There are about 3,600 job postings in the Gulf region on the Monster website, Mr Modi said. More than 1,900 CVs from the Gulf are added daily to the website's database, which contains about 2.2 million applications.
Overall, Mr Modi said the website was seeing new job postings aimed at all employment levels: entry-level; middle management; and experienced. About 37 per cent of people applying for new jobs had more than 10 years professional experience.
"There is a fairly experienced working population here looking for new jobs," Mr Modi said. "Normally, you won't find more than 15 per cent of senior management on the website but it seems to be very unique to the Gulf market.
"It could be a factor because employers here would tend to give certain preference to experience."
Of individual Gulf countries, Saudi Arabia appears to be looking to hire the most with a 119 per cent increase in job applications. Qatar is second with 23 per cent and the UAE has seen a rise of about 5 per cent.
"The UAE market is predominantly a services-driven market," Mr Modi said. "It might take a little bit longer to come back as well, as some of the projects in the construction industry could have brought the confidence level down to a wait-and-see approach."
By comparison, the Saudi Arabian market has a number of large construction and energy projects that require a significant amount of experienced workers, Mr Modi said.
@Email:dgeorge-cosh@thenational.ae
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
MATCH INFO
Uefa Champions League, last-16 second leg
Paris Saint-Germain (1) v Borussia Dortmund (2)
Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Major honours
ARSENAL
BARCELONA
- La Liga - 2013
- Copa del Rey - 2012
- Fifa Club World Cup - 2011
CHELSEA
- Premier League - 2015, 2017
- FA Cup - 2018
- League Cup - 2015
SPAIN
- World Cup - 2010
- European Championship - 2008, 2012
The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now