Dubai's Jobless Recovery Adds Asterisk to Biggest Boom in Years - Bloomberg:
Dubai is getting by with less as the emirate’s economic turnaround leaves a trail of job losses.
Although business confidence is on the rise, narrowing margins are forcing companies to keep their payrolls tight as selling prices fall. An employment index compiled by Emirates NBD dropped to 49.9 last month, the lowest since February, even as the bank’s Dubai Economy Tracker continues to hover near a four-year high.
“Firms remain reluctant to boost headcount,” Khatija Haque, head of Middle East and North Africa Research at Emirates NBD, said in a report.
No comments:
Post a Comment