Economy
Emiratis to be Given Priority for 160 UAE Private-Sector Roles
(Bloomberg) — The United Arab Emirates is renewing a push to boost the hiring of citizens by creating 20,000 new jobs and subsidizing their employment by private companies.
Emiratis must be given priority when applying for jobs in 160 private-sector positions, Sheikh Mohammed Bin Rashid Al Maktoum, acting in his capacity as the country’s prime minister, tweeted on Sunday. About 80% of the population of the U.A.E., the Arab world’s second-largest economy, are foreigners.
Read: Investors of $27 Billion Granted Permanent Residency in UAE
Cash-strapped governments across the oil-rich Gulf are seeking to reduce the burden of having to be the employer of first resort to the vast majority of its population. Private companies prefer foreign workers who tend to accept lower pay and longer hours than their local counterparts.
The U.A.E. will create 20,000 jobs for citizens over the next three years across sectors spanning aviation, telecommunications, banking, insurance and real estate. Every year, 8,000 graduates will be able to gain experience at private companies with 40% of their 10,000 ($2,700) monthly salary to be subsidized by the state, according to a statement from the Dubai Media Office.
The drive to train 18,000 citizens will cost the state 300 million dirhams, partly funded with proceeds from the recently introduced value-added tax. “Managerial” positions in government institutions will be limited to Emiratis, Sheikh Mohammed said.
“Supporting Emiratization is not incompatible with our ongoing efforts to attract global talent in all fields,” Sheikh Mohammed wrote. “Talent is what establishes a strong and diversified economy that provides great opportunities for citizens and residents.”
-
Economy1 month agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Magazines1 month agoOER May 2026 Edition: The Digital Copy
-
News2 weeks agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Investment1 month agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
News3 weeks agoINVESTIGATION: Is AI in a Bubble? Inside the Trillion-Dollar Question Reshaping Global Markets
-
Magazines1 month agoSignature Oman: May 2026 Edition
-
Banking & Finance2 months agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Economy3 weeks agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
