UAE hiring activity rebounds, following 50% plunge due to pandemic

iStock

The UAE job market is showing signs of partial recovery following a 50 per cent plunge in hiring activity due to the COVID-19 pandemic.

That’s according to new research by the recruitment firm Gulf Talent, which indicates steady improvement since the beginning of June but well below the levels seen before March.

Teachers and marketing professionals saw the largest fall in demand, followed by sales, customer service and HR staff, while hiring of medical professionals seems to have increased.

The report also shows a drop in the salary expectations of candidates, with one in four willing to accept lower pay than in a previous job.

More from Business News

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

On Virgin Radio today

  • Non Stop Hits

    1:00am - 8:00am

    The UAE's #1 Hit Music Station with no interruptions

  • Adam Eddine

    8:00am - 11:00am

    Playing 10 hits in a row every hour, all weekend!

Trending on Virgin Radio