Even the Gulf countries were not spared by the European and U.S. debt crisis. With unemployment figures estimated as high as 12 percent, the United Arab Emirates has lots of gaps to fill, Saqr Ghobash, the minister of labor for the UAE, told CNBC.com Tuesday.
"Even if the GCC countries have been affected by the crisis, the level of employment in the UAE in terms of numbers far exceed the needs for the nationals," he said.
Indeed, he noted, open jobs stay vacant in the country as the level of skills in demand does not meet the skills offered by the national population.
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