The health care and information technology and telecommunications (ICT) sectors are expected to drive the job market in the UAE as Dubai moves towards preparing for Expo 2020, according to the online jobs portal Monster.com.
Going by current economic growth reports, “in the current fiscal year, the market would be better as compared to the last 12 months”, said Sanjay Modi, the managing director for Asia Pacific and Middle East at Monster.com. “And if that happens, there will be more expansion, and there would be more confidence [in the market], and that should throw up more job opportunities.”
The IMF is projecting that the UAE economy will grow by 2.5 per cent this year, compared with 2.3 per cent last year, thanks to an improvement in oil prices.
In December online job postings in the UAE dropped by 31 per cent year-on-year, with the hospitality sector being the worst with a 64 per cent decline, according to the Monster Employment Index.
The hotel industry, which registered an average year-on-year decline of 25 per cent through 2016, is suffering from a strong US dollar, to which the dirham is pegged, the oil price rout and an oversupply of hotel rooms.
The healthcare industry showed a drop in job postings in December by 10 per cent year-on-year, Monster said, but maintained an average year-on-year growth of about 20 per cent. The UAE’s push to become a medical tourism hub along with investment going into healthcare infrastructure would help boost the sector, Mr Modi said.
Healthcare spending in the UAE, which reached US$12.9 billion in 2013, is projected to grow to $19.5bn by 2020, according to a 2016 report by Alpen Capital. The largest Medcare hospital with 150 beds is expected to open in Sharjah next quarter. A 100-bed Aster hospital is expected to open in Al Qusais, Dubai, in the first quarter of next year.
While the construction sector struggled last year, it is expected to pick up this year as several large scale projects get the government green light.
In January, the Expo 2020 Bureau that is in charge of delivery of the event said that it would award contracts worth Dh11bn this year.
Dubai is also moving towards establishing itself as a smart city and smart cities “are all about 360 degrees integration of technology”, Mr Modi said, referring to the resilience of the ICT sector.
Hospitality and oil and gas sectors would continue to lag behind in terms of job creation, according to last year’s trend of online job postings on Monster.com.
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Panipat
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Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
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Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
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Dubai Bling season three
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
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- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Day 3 stumps
New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)
Pakistan require another 139 runs with 10 wickets remaining
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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UAE currency: the story behind the money in your pockets
Emergency
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Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
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Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
What is cyberbullying?
Cyberbullying or online bullying could take many forms such as sending unkind or rude messages to someone, socially isolating people from groups, sharing embarrassing pictures of them, or spreading rumors about them.
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Parents should watch out for behavioural changes in their children.
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The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
TRAP
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
MATCH SCHEDULE
Uefa Champions League semi-final, first leg
Tuesday, April 24 (10.45pm)
Liverpool v Roma
Wednesday, April 25
Bayern Munich v Real Madrid (10.45pm)
Europa League semi-final, first leg
Thursday, April 26
Arsenal v Atletico Madrid (11.05pm)
Marseille v Salzburg (11.05pm)
Getting there
The flights
Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.
The stay
Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net
Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama
Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com
UAE SQUAD
Mohammed Naveed (captain), Mohamed Usman (vice captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan
