The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. – Frederick Soddy
When it was announced only last week that financial newswire Bloomberg were to double their Dubai workforce to 90 it set me thinking. Was this a strategic, simply geographical decision, or , in fact does it mean that there must be more to report on. More financial news means more finances, right?
Well, it remains to be seen, and as someone with first hand knowledge of the current Dubai banking jobs sector, pickings are not exactly ripe out there for the third quarter of 2009. Any body out there looking for a financial career change in Dubai or the Middle East is definitely going to have to work harder than they would have had to have previously.
Most global banks have retrenched or made staff redundant over the past 6 months with very few exceptions. Many of these roles, usually, within sales, had become superfluous as the credit tap was turned off. Wealth Management departments have also suffered as investors have turned more cautious during current economic woes.
As reported by ArabianBusiness.com this week; ‘The UAE economy may be in for a “pleasant shock” in 2010’ said Marios Maratheftis, regional head of research at Standard Chartered Bank ,
“To be honest I was much more nervous this time last year than I am now,” he said. (More …)
For any professional out there who knows their way around the cyber ether, it seems the world has gone social media crazy. You probably spend much of your working week catching your employees on Facebook and Twittering away, if you haven’t had the sense to put a corporate ban on the ultimate timewasters.
The clichéd phrase ‘It’s not what you know, it’s WHO you know’ is as old and overused as the day is long. But it’s clichéd for a reason. No man is an island, to coin another oft used maxim, and whatever our experience or skill set, we need others to help us along the way.
It’s all about the money…
Have you held various executive positions over the years of your career? CFO? CEO? COO? You may have the skills and expertise in all these areas and more. But let’s buff your experience with a couple of simple steps to compliment your profile.