The health care and information technology and telecommunications (ICT) sectors are expected to drive the job market in the UAE as Dubai moves towards preparing for Expo 2020, according to the online jobs portal Monster.com.
Going by current economic growth reports, “in the current fiscal year, the market would be better as compared to the last 12 months”, said Sanjay Modi, the managing director for Asia Pacific and Middle East at Monster.com. “And if that happens, there will be more expansion, and there would be more confidence [in the market], and that should throw up more job opportunities.”
The IMF is projecting that the UAE economy will grow by 2.5 per cent this year, compared with 2.3 per cent last year, thanks to an improvement in oil prices.
In December online job postings in the UAE dropped by 31 per cent year-on-year, with the hospitality sector being the worst with a 64 per cent decline, according to the Monster Employment Index.
The hotel industry, which registered an average year-on-year decline of 25 per cent through 2016, is suffering from a strong US dollar, to which the dirham is pegged, the oil price rout and an oversupply of hotel rooms.
The healthcare industry showed a drop in job postings in December by 10 per cent year-on-year, Monster said, but maintained an average year-on-year growth of about 20 per cent. The UAE’s push to become a medical tourism hub along with investment going into healthcare infrastructure would help boost the sector, Mr Modi said.
Healthcare spending in the UAE, which reached US$12.9 billion in 2013, is projected to grow to $19.5bn by 2020, according to a 2016 report by Alpen Capital. The largest Medcare hospital with 150 beds is expected to open in Sharjah next quarter. A 100-bed Aster hospital is expected to open in Al Qusais, Dubai, in the first quarter of next year.
While the construction sector struggled last year, it is expected to pick up this year as several large scale projects get the government green light.
In January, the Expo 2020 Bureau that is in charge of delivery of the event said that it would award contracts worth Dh11bn this year.
Dubai is also moving towards establishing itself as a smart city and smart cities “are all about 360 degrees integration of technology”, Mr Modi said, referring to the resilience of the ICT sector.
Hospitality and oil and gas sectors would continue to lag behind in terms of job creation, according to last year’s trend of online job postings on Monster.com.
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MATCH INFO
Uefa Champions League quarter-final second leg:
Juventus 1 Ajax 2
Ajax advance 3-2 on aggregate
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Killing of Qassem Suleimani
The specs: 2018 Range Rover Velar R-Dynamic HSE
Price, base / as tested: Dh263,235 / Dh420,000
Engine: 3.0-litre supercharged V6
Power 375hp @ 6,500rpm
Torque: 450Nm @ 3,500rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 9.4L / 100kms
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
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88 Video's most popular rentals
Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.
Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.
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SPECS
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ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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.
