UAE BUSINESSES GET A MAY LIFT- AND ADDS JOBS TOO: It may not yet be a full-fledged hiring spree, but UAE’s private sector is back to adding to their workforces going by the May numbers tracked by S&P Global. A few more months of solid job additions should be enough to lift the job market completely out of its Covid-created downturn. Sure, some sectors such as ecommerce and tech did manage to stay resilient even during the worst of the pandemic, but the country’s SMEs – especially those in more traditional sectors – had been struggling with orders and reduced workforces. This is what getting corrected now; for job-seekers in the UAE, both existing and newcomers, it all adds up to a big positive. And they will be hoping for more such repeats as was recorded in May… [COMMENT BY: Manoj Nair, Business Editor]
Clint Egbert/Gulf News