Boom! 66 percent of MENA employers to recruit this year. Kapow! 27 percent of UAE companies definitely hiring this quarter. Blam! Take that, recession.
January 31, 2011 4:02 by Samuel Potter
The Bayt figures (and blatant PR plug) come on the same day that management consultancy Oliver Wyman and polling firm Zogby International deliver us a press release recording a 30 percent growth in business confidence levels in the UAE.
Dr. James Zogby, Founder and President of the Arab American Institute (AAI), presented the results of the ‘Third GCC Business Confidence and Government Reform Survey for 2010’ during a lecture hosted by the Dubai School of Government (DSG), a research and teaching institution focusing on public policy in the Arab world.
“Our aim in conducting this poll is to assess business confidence in the region and provide a feedback mechanism to governments in terms of reform priorities,” said Zogby. “The business confidence in the region is relatively high on current and future prospects.”
Though he points out, “”Executives in both the UAE and Saudi Arabia cite restrictive labour regulations and limited access to financing as the biggest hurdles to doing business. Although the respondents were satisfied with the government measures post-crisis, they have expressed the opinion that education and labour reforms are urgently needed in the region.”
That’s pretty much what we keep saying, doc. But we’re sure he’ll be happy to see those new part time regulations, and maybe that will help decide the UAE companies who are in two minds about hiring.
In the meantime, Kipp will keep the champagne on ice until we see the job ads fly; there have been too many false dawns in the last couple of years.
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