FINANCIAL NEWS

UAE economy to show growth in jobs, salaries in 2015

06 Apr 2015

(MENAFN) The economy of the UAE is set to depict prolific results and growth this year as jobs recorded a higher-than-predicted growth of about 15 percent in 2014, thus salaries are set to increase by 6 percent in 2015, Arabian Business reported.

According to analysts, jobs are also set to register a growth from 10 to 12 percent increase in figures. The rise in salaries comes as living costs in the UAE are soaring, with housing prices marking a 12 to 15 percent annual increase.

“2014 finished above our expectations in terms of levels of recruitment with the number of new jobs coming to market being 10 to 15 percent higher than we predicted,” the managing director of Morgan McKinley UAE said in a statement.

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