UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...
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Most UAE workers want to switch jobs in 2023: Report

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UAE workers

Around 77% of workers in the United Arab Emirates (UAE) want to switch jobs this year, according to a report by LinkedIn. The same percentage has said they are confident that they would get promotions and new opportunities.

Almost 7 in 10 workers in the UAE are confident that they would get an increment. Around 74% are confident in securing a new role in 2023. Despite growth in their current role, they are considering changing their jobs.

Most people switch jobs for higher pay and a good work-life balance. Around 37% of UAE workers said that they wanted to change their jobs for better pay. Nearly 34% of workers said they wanted to switch jobs for a better work-life balance. Around 31% of employees wanted to land a better role.

According to LinkedIn research, millennials show a higher drive towards switching jobs than Gen Z. In the survey, most employees gave preference to the work-from-home option.

Ali Matar, Head of LinkedIn MENA and EMEA growth hub, reportedly said, “A significant number of professionals are looking to either grow within their organisations or switch jobs in 2023.”

The UAE is one of the most financially-strong emerging economies in the world. The UAE also aims to attract $150bn in foreign direct investment (FDI) by 2030. The country has also launched Projects of the 50 to attract global investments.

According to the 14th Annual ASDA’A BCW Arab Youth Survey, almost two-thirds (57 per cent) of Arab men and women aged between 18 and 24 named the UAE as the country they would most likely live in. Around 51 per cent of North African youth also named the UAE as their top choice to live in. They said that the UAE offered generous salary packages and a wide range of work opportunities. They also lauded the UAE’s safe and secure environment.

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