Signs of recovery in Gulf jobs market

JOBS MARKET: Tentative signs of recovery now being seen in the Gulf, says agency. (Getty Images)

Tentative signs of a recovery in the Gulf jobs market are now being seen, according to careers network Monster Gulf.

Employers in the finance, construction and hospitality sectors are starting to hire again with the number of job listings posted on the Monster Gulf website rising by 18 percent in June compared with a month earlier.

Sanjay Modi, Monster Gulf’s MD for India, Middle East and South East Asia told the National newspaper: ''If you look at the job postings, it clearly indicates the market is recovering.''

He added: ''The uptrend is clearly visible in the last three months. Job postings in the construction sector in the UAE alone have risen by 20 percent, while there has been a 13 percent increase in the job listings posted by construction contractors in Saudi Arabia in June.''

The agency is upbeat about employment trends throughout the Gulf region this year.

''The good thing is that the majority of listings are of middle-to-senior management positions with six to 10 years’ experience,'' Modi told the newspaper. ''This solidifies our belief that there is some light at the end of the tunnel.''

Monster Gulf expects the UAE jobs market to remain stable over the next eight to 10 months, with positive movement in sectors such as retail, health care, education and renewable energy.

''We are already in discussions with at least eight energy firms in the region who are very keen to hire talent in renewable energy,'' Modi noted.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Its not over yet !!!! Dont undermine it .
Posted by Shehryar Iqbal, Dubai, UAE on Sunday 9 August 2009 at 15:17 UAE time


Its too early to say that signs of recovery are showing. The same posts may be filled by half of the salaries the departed expats were taking.This should be a lesson for ambitious and developing economies....The basics should not be lost in transalation of growth and ambition. Good Luck Dubai !

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM