UAE, Saudi workers display job confidence in spite of economic uncertainty
- Date: 01-Feb-2023
- Source: Zawya
- Sector:Financial Services
- Who else needs to know?
UAE, Saudi workers display job confidence in spite of economic uncertainty
Employees in the UAE and Saudi Arabia are confident about securing a new role or pushing for a payrise, promotions or new opportunities in their workplaces in 2023, despite global economic uncertainty.
Data from business networking site LinkedIn said 74% in the UAE and 73% in Saudi Arabia felt confident about securing a new role, while the same percentage felt confident about getting more money, a promotion or a new opportunity within their workplace.
This was despite hiring slowing by 10.1% in December 2022 compared with the same month in 2021.
In the UAE, 77% said they were considering a job change in 2023 and 73% in Saudi, with higher pay being the top reason for moving to a new employer in both countries.
Remote or hybrid still preferred
More than seven out of ten, or 72% of UAE workers surveyed, said if offered a new job or promotion that requires them to be in the office full time, they would decline in favour of hybrid or remote work.
The figure was 64% in Saudi Arabia.
Millennials are more likely to be looking to change jobs than the younger Generation Z, with 81% of millennials feeling their employer is not invested in them, 65% saying they did
ZIMBABWE CAUGHT IN GULF RIVALRIES?
UAE and Qatar aren't best friends: UAE granted asylum to Khalifa bin Hamad Al Thani, (b) Muslim Brotherhood politics, (c) strategic alliances with either Saudi Arabia or Turkey, (d) severing of diplomatic relations, or (e) economic competitors.
18 countries want to join BRICS. These are Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Saudi Arabia, Sudan, Syria, Turkey, the UAE, Venezuela and Zimbabwe. Global geopolitical and economic dynamics are shifting.
Saudi Arabia, Qatar, UAE, Kuwait and Bahrain all have LGBT laws even more stringent than that of Uganda.
None of them have been threatened with 'possible economic repercussions' by the White House.
Hypocrisy on steroids.
The White House has warned Uganda of possible economic "repercussions" if a new bill to crack down on homosexual activities becomes law.
Hundreds of thousands of people died indirectly by the war and economic embargo imposed on Yemen by the US-Saudi-led coalition https://thecradle.co/article-view/22843/over-49000-yemeni-civilians-killed-injured-in-8-years-of-war-ansarallah #Yemen #Yemeni #USA #UAE #SaudiArabia #HumanRightsViolations
Erdogan’s pivot to regional monarchies comes w a great price tag.
But for how long will Saudi/Russia/UAE/Qatar keep pouring money to fund Erdogan’s economic theories?
The Turkish central bank's net international reserves rose by $6 billion last week to $25 billion, three bankers' calculations showed on Tuesday, after a $5 billion deposit from Saudi Arabia entered its accounts. https://www.reuters.com/world/middle-east/saudi-deposit-lifts-turkeys-net-fx-reserves-25-bln-bankers-2023-03-21/
"...visited China, the UAE and Iraq, respectively, during which he succeeded in resuming diplomatic ties with Saudi Arabia, in addition to signing economic agreements with the UAE and Iraq."
Iran top official reveals an economic agreement with UAE https://www.middleeastmonitor.com/20230320-iran-top-official-reveals-an-economic-agreement-with-uae/
#MiddleEast's growing reconciliation measures: #Iran Supreme National Security Council secretary visited #UAE; Saudi finance minister stated that investments into Iran could happen “very quickly”; #Saudi also invited President Raisi to visit @Nasser_Saidi https://nassersaidi.com/2023/03/20/weekly-economic-commentary-mar-20-2023/
IMF staff level agreement will only happen after receiving $6 Billion commitment from our friendly countries in Gulf.
We need to have strong economic policies to covince Saudi Arabia, Qatar and UAE.
No free lunches! Its funny & irresponsible how few leaders take friendly KSA UAE China 4 granted without delivering governance, economic performance. PK leaders’ in power are demonstrating behaviour of a hammer who sees every problem as nail.
"It is believed that on a recent trip, even the Pakistani military chief couldn't convince Saudi Crown Prince Mohammed bin Salman to release emergency funding for the country."
And I imagine KSA isn't the only key creditor that hasn't been convinced.
"Iranian official visits UAE after restoring ties with Saudi Arabia! Ali Shamkhani seeks to enhance political, economic, and security relations.
Talks with UAE's president and officials on opportunities for cooperation."
The West is blind to what happening in Mideast since Mar 9
China Iran Saudi
Iran iraq economic deal mar14
Iraq pres invit to Iran
Iran pres invit to uae
Saudis refuse Israeli FM visit
Uae cancel Israeli arms deal
Qatari Pm & gov celebrate SA/Iran
Iran dep fm to Oman
Excluding UAE, Saudi Arabia & Egypt, #startup financing in #MENA grew by 37% yoy to $468mn in 2022: Magnitt. Algeria attracted the highest funding ($151mn), followed by Bahrain ($133mn) @Nasser_Saidi https://nassersaidi.com/2023/03/13/weekly-economic-commentary-mar-13-2023/
In areas that are not under the control of the Houthis and supported by Saudi Arabia and the UAE, there are economic policies that exhaust the population with poor salaries, which is a policy followed, and there is corruption, plundering of salaries and a rise in commodity prices
Saudi Arabia, UAE: as peak oil approaches, two decades of diversification have left UAE relatively well cushioned against economic downsides. However, and despite MbS’s efforts, Saudi Arabia looks like having to play catch-up into strengthening headwinds https://bit.ly/3YMhNME
#Saudi Arabia is going with the “zero problems” foreign policy. It’s a matter of time before it finds itself partnering with #Israel for economic gains, just like the other regional adults #UAE, #Bahrain, #Turkey, #Jordan, #Morocco and #Egypt.
Exciting news for KSA as we take another step towards our vision of becoming a global transportation hub with Riyadh Air. American companies have always played a critical role in our economy, and this deal with @Boeing demonstrates our partnership in action. 🇸🇦✈️🌍 #Vision2030 https://twitter.com/saudiembassyusa/status/1635635884266516481
Yemeni People Paying Price for US Plot against Economy,
Who kills us with raids kills us by war of currencies"economic war contrived& USA is responsible by letting its tools.Saudi& UAE do that.
Saudi is waging another war against Yemen parallel to its Western-backed military war
This year’s conference will foster stronger relations not only with Israel but also with the UAE and Saudi Arabia given their shared healthcare issues and willingness to transition to other economic securities.
Reporter: Sharon L. Manickchand c/o SIMC INC. Live in Manama,Bahrain
Saudi, UAE and Israel are becoming buddies, Iran and Saudis are shaking hands... why can't #Pakistan and #india embrace each other, imagine the economic power house we can become....
#Denmark has just lifted its ban on arms sales to #Saudi_Arabia and the #UAE. It positive step towards economic growth, the potential consequences of arming countries with questionable human rights records.
Economic competition between Saudi Arabia and the UAE is set to intensify in the years ahead. Expect the UAE to remain the leading business hub regionally, but Saudi Arabia will use its economic weight and ambitious Vision 2030 agenda to compete more directly.
🔔 BRICS: Association of Brazil, Russia, India, China and South Africa.
🔔GCC countries: Consists of six oil-rich Arabic nations (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE), which are united on economic and political fronts.
🚨Merging! More countries joining BRICS!
That China was able to step in and broker a deal between Iran and Saudi Arabia, is perhaps the biggest Biden Admin foreign policy failure yet.
Relations between the two heavyweight #Gulf monarchies – #Saudi Arabia and the #UAE – appear to have succumbed to a renewed period of tension, amid rising #economic competition and a growing list of differences over regional #diplomatic issues.
Few points from 60+ meetings with companies & policymakers across 15+ frontier and small emerging markets recently:
Driven not only by stable/high oil prices but also economic transformation and social reform stories
More IPOs in Saudi Arabia and the UAE / Dubai
“Egypt has resorted to selling off state assets to Saudi Arabia and the UAE.
“Riyadh has also been demanding concrete political and economic reforms, a call that has been poorly received by Sisi and the military establishment”
✍️ Opinion by Ali Bakir
GCC economies, especially Saudi Arabia and the UAE, are in a ‘sweet spot’ with solid underlying economic growth, relatively low inflationary pressures, strong public finances and external accounts supported by high oil prices,” Simon Williams, chief economist at HSBC