Wednesday, 28 January 2015

UAE oil and gas sector feels jobs pinch | The National

UAE oil and gas sector feels jobs pinch | The National:



"The UAE’s oil and gas sector is feeling the squeeze from the record drop in oil prices in recent months, according to a new survey by one of the country’s largest employment consultants.



The weak jobs market in the hydrocarbon sector runs counter to the broader trend in the survey, which was conducted by Abu Dhabi-based Reach Employment, a division of the private equity firm Gulf Capital.



It found the vast majority of the 200 companies it polled were expecting to add jobs in 2015. Financial services, retail, tourism and health care were the hottest sectors and 91 per cent of those polled said they expected to hire new staff."



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