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GCC

UAE salaries expected to increase further in 2019, survey finds

in English/إقتصاد عام

Overall salaries projected to increase by 4.8% in the UAE across all industries in 2019, with the strongest surge likely to come for those employed in non-energy industries. Salaries across all sectors increased by 4.5% in 2018, with the highest increase in the life sciences industries (5%), according to Mercer, in its annual Total Remuneration…

Good times ahead for jobseekers in UAE, Middle East

in Arabic/إقتصاد عام

Jobseekers across the UAE and the Middle East are confident that they will be able to find better prospects in the future job market, research has shown. Many feel that now is the best time for them to switch their jobs for a better salary and better work life balance. According to the Q1 2018…

GCC banks’ funding pressures ease on rising oil prices in 2017

in English/أعمال وأسواق مالية

Increased government deposits on the back of rising oil prices has helped ease funding pressures for GCC banks leading to a stable loan to deposit ratio. Moody’s Investors Service expects GCC banks to benefit from continued deposit growth over the coming quarters, driven mainly by government deposits as their oil revenues improve and they tap…

Non-oil sectors to drive UAE growth

in English/إقتصاد عام

The UAE’s high-performing non-oil sectors are expected to drum up growth with the country’s private consumption likely to remain among the main drivers of growth in 2018, said a global credit insurer. The private sector growth will be driven by household consumption and higher international tourism. The country’s domestic appliances, metals and pharmaceutical sectors will…

European tourists to the GCC forecast to grow 17% by 2020

in English/أعمال وأسواق مالية

Arrivals from Europe to the GCC will increase 17 percent over the period 2018-2020, driven by extra flights, routes, competitive fares, and the rising number of mid-market hotels throughout the region, according to a new report. Data published by Colliers International ahead of Arabian Travel Market 2018, which takes place at Dubai World Trade Centre…

GCC employers cautious about pay rises, bonuses

in English/إقتصاد عام

Employers across the GCC are taking a cautious approach when it comes to their compensation and benefits strategies, with many predicting lower level salary increases, new data has found. Informa’s sixth annual GCC Compensation and Benefits Trends Report shows that salary increases are significantly down, with 20.96 per cent of companies expecting to only give…

GCC growth in strong rebound

in English/أعمال وأسواق مالية

The GCC countries are marking a turning point in 2018 as their economies overcome two difficult years of a low oil price environment and various austerity measures, economists and analysts said. While the combined GDP of the GCC is expected to hit 2.4 per cent from 0.1 per cent last year, expanding at the fastest…

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