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Oil Prices – Dampening the recruitment activity but hiring has not stopped

The recent decline in oil prices has led to a “softening” of recruitment in the region’s oil and gas sector, but there are still employment opportunities available in the UAE for those seeking new positions, experts told Gulf News. Capture d’écran 2015-01-28 à 09.15.05

Overall, demand for new employees is still on the rise in the UAE, with nine out of 10 companies expected to hire more staff this year.

Andrew Croft, chief executive officer at Reach Employment Services, said the decline in fuel prices, reduced revenues in the oil and gas industry and the negative sentiment has somehow dampened the recruitment activity in the sector.

This doesn’t mean hiring has stopped. In fact, some companies are looking for new talent to fill “critical” positions. In demand these days are professionals with a good background and qualifications in sub-surface and drilling operations for offshore projects.

Chosen excerpts by Job Market Monitor. Read the whole story at Will low oil prices lead to layoffs? |

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