Middle East Finance Professionals Most Stressed Worldwide

Despite relatively steady economic growth, many financial professionals working in the Middle East still experience work-related stress. According to a survey conducted by eFinancialCareers, which serves the global financial community as the leading network of career sites for professionals working in banking and the financial markets, 31% of regionally-based finance professionals say they feel “very” stressed at work – more than their counterparts in the UK, US, Germany and France. Moreover, 58% report that they are either very or quite concerned about being laid off in the next six months which is perhaps why Middle East professionals put in the most overtime with 41% claiming it is due to staff cut backs. Read more

UAE Jobs Availability Online Drop

UAE Job Vacancies on the Web Registered a Drop

The number of job openings posted online in the United Arab Emirates has decreased compared to 2012. The biggest drop was seen in the consumer service sector.

This finding was made by the Monster Employment Index for the Middle East region. The research uses job vacancies posted online to measure and examine the job demand. What it discovered was that the amount of job postings in the UAE has dropped with 19%. Read more

Internship – A Great Opportunity for Students

Internship is a term that becomes more and more popular on the global employment market. If you have visited a job search website in the last few years, you have probably noticed that positions for interns are nearly as much as those for regular employees. Despite the obvious rise of internship over the last couple of years, many people are still not familiar with the true definition of the word.

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MENA Youth Unemployment Rate Highest Worldwide

Over 30% of the youth in MENA region is unemployed. In addition, more than 40% of the young people are not active. This means, that in order the problem to be tackled, around 85 million new job positions need to be opened over the next decade. In addition, young generations must be stimulated to take interest in jobs and employment, in general.

Although the problem with the high youth unemployment is a general trend in the world today, MENA’s rates are the most worrying ones. Over 30% of the young people in the Middle East North Africa region are without a job. Moreover, this figure is constantly increasing. As a result, youth unemployment levels in the region may surpass 40% in the next five years. What is even more disturbing is the fact that in some MENA countries the number of unemployed young people is over 50%.

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Best Travel & Tourism Companies to Work for in 2013

A new report by Glassdoor called Travel Industry Report Card outlines the ten best companies to work for in the travel and hospitality sector. The study is based on reviews from people who work in popular hotels, travel agencies and airlines. Simply said, it captures the satisfaction levels of employees in these companies, as well as the rating of their CEOs. Read more

Where Expats Find Hard to Save

In its latest cost of living report, ECA International outlines the priciest cities in the world for expatriates. Among them is also Dubai, but the city is not ranked at a top position, but rather at the meddle.

Dubai takes the 174th place in the list of most expensive cities for expats in 2013. Although the City of Gold is not one of the priciest locations for expats in the world, it still witnessed an increase on the ranking. On the previous list, Dubai was taking the 182nd position which means that over the last few months, it managed to rise with 8 spots.

The main reason for that might be the recent increase in property rents. In some areas of the city, average rents have increased with more than 40% for only one year, for example.

Nevertheless, Dubai is not the most expensive city for expats in the Middle East. Tel Aviv takes that title y landing on the 37th position. In addition, although Iran witnessed the introduction of floating exchange rate and rapid inflation, Teheran is one of the most affordable places on the list.

On a more global level, the first spot on the ranking belongs to Oslo. Norway’s capital managed to surpass Tokyo which topped the list for the last three years. Moreover, the Eastern City even dropped to the sixth position. This is explained by the depreciation of the Yen.

Another Asian city also registers a fall. In 2013, Hong Kong was 37th in terms of living cost. However, today it is 38th. Despite the decrease, Hong Kong continues to be the third priciest city for expatriates in Greater China. Above it are only Beijing and Shanghai.

On the second position ranks Luanda, the capital of Angola. That is due to the fact that popular services and good in the city are hard to find. The top 5 of the ranking is completed by Norway’s Stavanger (3), South Sudan’s Juba (4) and Russia’s Moscow (5).

In Europe, top positions are mainly dominated by Scandinavian countries, as well as Switzerland. The Eurozone crisis has pushed many countries on the Old Continent down the list. For instance, the most affordable city for expats in Europe was found to be the capital of Moldova Chisinau (225). UK cities are also witnessing a fall. Central London is not 87th in the world which is 21 positions lower compared to 2012.

In America, the highest living costs for expats are registered in Caracas (33). The second and the third most expensive cities in South and North America are Manhattan (43) and Vancouver (51), respectively. A fall is seen in Brazil, where Rio de Janeiro has is dropped from the 72nd to the 52nd place. Quite the opposite is the situation in Argentina. Buenos Aires has jumped with 12 spots landing on the 64th.

Take a look at the complete list of the top 10 most expensive countries for expats in 2013:

• Oslo, Norway
• Luanda, Angola
• Stavanger, Norway
• Juba, South Sudan
• Moscow, Russia
• Tokyo, Japan
• Zurich, Switzerland
• Geneva, Switzerland
• Basel, Switzerland
• Bern, Switzerland
• 174. Dubai

Jobs That Add Centimeters to Your Waistline

Your choice of career can affect many aspects of your life like your happiness, relationships and, of course, your income. However, a new research proves that our job can also influence our weight. According to a new study by CareerBuilder, some jobs can expose us more to weight gain than others. Read more

Best Employers in Middle East for 2013

Companies with divisions in the UAE and Egypt were found to be among the best 10 employers in the Middle East. In its latest Best Employers Middle East survey, Aon Hewitt uses various important differentiators, like scores for high employee engagement to make a list of the top employers in the region. Let’s take at them separately. Read more

Jobs in Dubai by Real Estate Agencies and Property Developers

Jobs in Dubai are now more available than during the past four years. With the revival of the industry, real estate agencies and property developers are also hiring and some of them have a number of vacancies right now.

Here are the latest jobs in Dubai we have found listed by real estate agencies and property developers: Read more

Women foreign workers growing in importance in the Middle East

Labor migration has led to an increase in the independence of women and their influence over household decisions, but more could be done to harness the positive impact these women have, according to a research paper.

The paper, ‘Women Migrants, Remittances and Their Impact in the Gulf Cooperation Council (GCC) region’, was authored by Dr Ismail Hakki Genc, Professor of Economics, and Dr George Naufal, Assistant Professor of Economics, at the American University of Sharjah. It examined macroeconomic indicators and available research on women foreign workers in the Middle East as well as in other regions. Read more

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