Job vacancies rise 33% across UAE
- Renewed economic confidence has kick-started hiring appetite
- Financial services, IT and telecoms sectors driving growth
- 113% rise in the number of interviews quarter on quarter
The United Arab Emirates (UAE) has enjoyed a 33% rise in the number of vacancies in Q2 2010 compared to Q1 2010. A 45% rise compared to the same period last year.
A more positive outlook for the region is being reflected by the banking and finance industry hiring again. Ongoing government investment in infrastructure is also resulting in more jobs in fields such as IT and telecoms.
The findings come out of research from the FiveTen Group, the global recruitment firm. It says confidence is returning to the economy across the UAE, as global trade increases and rising oil prices benefit the region.
Business confidence has also been strengthened in the region by continuing progress on the restructuring of the Dubai World debt, allaying concerns that the debt will not be repaid. From negative GDP growth in 2009, the International Monetary Fund has projected growth of 1.3% in 2010 and 3.1% in 2011.
Mark Baxter, Regional Director of the FiveTen Group said: “Dubai has had it tough particularly over the course of the downturn but the outlook for the Emirate and the region as a whole is looking rosier. The property market is still volatile in Dubai but there has been something of a resurgence in the jobs market across the region. Vacancies are rising, and companies with renewed confidence are stepping up their hiring programmes.”
There has also been a 113% rise in the number of interviews taking place this quarter compared to last, as companies invest more resources in their search for employees.
Appointment of Mark Baxter and launch of Ortus in the UAE
The FiveTen Group has appointed Mark Baxter to head up its expanding operations in the Middle East.
Mark Baxter brings with him 13 years of management experience including the last 4 years based in the Middle East, during which he built the BBT business before it was bought by Randstad and merged with Hill McGlynn.
He has previously managed multiple teams across 4 locations in the GCC – in Dubai, Bahrain, Oman and Abu Dhabi. Mark will be reporting to Tim Hedger, Regional Managing Director of the FiveTen Group in the Middle East.
Hedger said: “Mark is a great fit for our operation here and has the hunger that we demand in all of our employees. His background is hard to beat – he brings a wealth of experience and in-depth knowledge of the market in the Middle East. This will prove invaluable as we build FiveTen’s representation in the region, and further sharpen our competitive edge.”
The FiveTen Group has also announced the launch of HR executive search operation, Ortus (www.ortushr.ae) in the region.
Baxter said: “We’ve launched Ortus in the UAE to serve the needs of our clients’ HR departments. The launch means that the FiveTen Group now has representation for all its brands in the Middle East and can serve clients and candidates across our full range of sectors.”
Ortus’ office launch means it joins other FiveTen group brands Marks Sattin, (finance and accountancy recruitment), EMR (marketing), Laurence Simons (legal), and (Greythorn, IT and telecoms) which are already active in the region.
External coverage:
Signup to receive the latest discipline specific articles
Related articles
Teaser
Finance & AccountingContent Type
General
25/04/24
Summary
Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons
by
Neil Burton
Teaser
GovernanceContent Type
Fintech
18/04/24
Summary
The role of risk and compliance in financial services As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine
by
David Clamp
Teaser
Executive SearchContent Type
General
18/04/24
Summary
Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b
by
Tracey Alper
Related jobs
Salary:
£24,000 - £28,000 per annum
Location:
Birmingham, West Midlands
Industry
Property and Infrastructure
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
New graduate? Looking for exposure within a financial role? Well, I might have a role for you.
Reference
BBBH180135
Expiry Date
01/01/01
Author
Olivia BalnaveAuthor
Olivia BalnaveSalary:
£80,000 - £90,000 per annum
Location:
Madrid
Industry
Technology
Qualification
None specified
Market
Commerce & Industry
Salary
£80,000 - £100,000
Job Discipline
Software Development
Contract Type:
Permanent
Description
Full-stack Security Engineer
Reference
BBBH179465
Expiry Date
01/01/01
Author
Ghazal MayahiAuthor
Ghazal MayahiSalary:
£24,000 - £27,000 per annum
Location:
Birmingham, West Midlands
Industry
Property and Infrastructure
Qualification
None specified
Market
Commerce & Industry
Salary
£25,000 - £30,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
New graduate? Looking for exposure within a financial role? Well, I might have a role for you.
Reference
BBBH180048
Expiry Date
01/01/01
Author
Olivia BalnaveAuthor
Olivia BalnaveSalary:
£29,000 - £39,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£35,000 - £40,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH180132
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£60,000 - £75,000 per annum
Location:
London
Industry
Private Equity
Qualification
Fully qualified
Market
Financial Services
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Fund Controller - Private Credit An excellent opportunity has arisen within a big player in the private credit sector who looking to hire a Fund Controller.
Reference
BBBH179469
Expiry Date
01/01/01
Author
Paul RocheAuthor
Paul RocheSalary:
£150,000 - £170,000 per annum + Equity, Bonus and Benefits
Location:
City of London, London
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a Well-Established Listed B2B Infrastructure Consultancy Business
Reference
TA3249
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£28,000 - £31,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Credit Controller - Leeds - Up to £30k!
Reference
BBBH178529
Expiry Date
01/01/01
Author
Cameron WalshAuthor
Cameron WalshSalary:
£70,000 - £90,000 per annum
Location:
London
Industry
Investment Banking & Capital Markets
Qualification
Fully qualified
Market
Financial Services
Salary
£80,000 - £100,000
Job Discipline
Legal
Contract Type:
Permanent
Description
Legal Counsel - (Capital Markets & Mortgages) London (Hybrid) £70,000 - £90,000 base p/a
Reference
BBBH180118
Expiry Date
01/01/01
Author
Maximillian SombartAuthor
Maximillian SombartSalary:
£35,000 - £55,000 per annum
Location:
Grimsby, Lincolnshire
Industry
Manufacturing
Qualification
None specified
Market
Financial Services
Salary
£50,000 - £60,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Our Grimsby based food manufacturing client is looking for someone experienced in product costing to join them as a Costing Manager.
Reference
BBBH179883
Expiry Date
01/01/01
Author
Dean FollandAuthor
Dean FollandSalary:
£110,000 - £130,000 per annum
Location:
London
Industry
FinTech
Qualification
Fully qualified
Market
Financial Services
Salary
£125,000 - £175,000
Job Discipline
Legal
Contract Type:
Permanent
Description
Commercial Legal Counsel - Fintech (3-7PQE) London (Hybrid / Remote) £110-130k base p/a
Reference
BBBH180111
Expiry Date
01/01/01
Author
Maximillian SombartAuthor
Maximillian Sombart