Showing posts with label UAE. Show all posts
Showing posts with label UAE. Show all posts

Monday, 6 October 2014

The move of a lifetime to the UAE!

In 2013 Think Global Recruitment assisted Leroi in gaining a new job in a Big Four firm in the UAE, roughly 3,883 miles away from his original location in Pretoria, South Africa. I got in touch with Leroi to find out more about his experience.

Leroi worked for five years in one of the Big 4 firms in Pretoria, just outside Johannesburg. This was enough time to lead him to the conclusion that he was ready to move overseas to explore ‘new opportunities and gain new experiences’, something that he had always wanted to do and the timing couldn't have been better.

Leroi was quite open to moving anywhere, some of the options he listed were: Australia, New Zealand, UAE, Saudi Arabia, Qatar and Europe. Though, his preference was the Middle East because his wife had previously lived and worked there as a teacher, meaning, she would find it quite easy to join him and gain employment there.

When Leroi applied for a job that we had advertised online, one of Think Global Recruitment’s international experts got in touch with him. "They spent a considerable amount of time finding out what I was looking for in a move and all about my experience". Our consultant then agreed an action plan and a list of companies that he would contact to identify where the most suitable positions would be and which of them would be most interested in his vast experience in internal audit, risk and advisory.  Through this approach his consultant promptly secured him an interview with a Big Four firm in the UAE. His first choice location!


On the 14th of April 2013, Leroi was offered a job in Abu Dhabi, he moved in mid July. We asked him what he felt was the most helpful thing that Think Global Recruitment did throughout the process- 'you looked after me really well and were really informative. I was very happy with the service. It is great to have someone to take care of the administration side of things which made the whole process much easier. There was always someone to answer your questions and give you support and peace of mind.'

The different culture was, at times, ‘quite difficult’ in a business sense and Leroi said, ‘there will always be an uncertainty on a personal level when you move far away’, however, after a few months his wife joined him on his new adventure and they settled very quickly in their new home. At present, Leroi sees the cultural differences as a highlight of his location.

Following our chat, we are happy to conclude that Leroi is thoroughly enjoying his time in Abu Dhabi and feels that the move has benefited him in many ways, he has a lot of ‘new connections’ and has ‘broadened his horizons’.  We strongly believe that the life experience and career progression that you can gain from living and working overseas is endless.

Leroi’s advice to anyone who is considering an international move:
  • ‘Do your research so that you have a bit of an idea of what to expect’
  • ‘Try to get hold of people who have done the move before and get their opinion’
  • ‘It’s hard to know what to expect until the day that you get there, you should try to understand the pros and cons before you move’ 
We couldn't agree more!

By Emma Maloy, Marketing Assistant



Friday, 16 May 2014

Moving Abroad for Work: UAE and the Finance Industry, contributed by Emma Lathom



According to the Quality of Life Report conducted[i] by the Centre for Future Studies for Natwest, nearly 150,000 Britons are emigrating from the United Kingdom each year. Encouraged by the ease of contact with family and friends abroad via personal technology and mobile devices, many British workers are looking for work abroad, particularly in popular business locations such as the Australia and the UAE.

Popular destinations
The Quality of Life Report found that Australia and Canada[ii] were the top two destinations for British expats, with Australia coming out on top for Britons. Around 40,000 people move to Australia from the UK each year and the country now has up to 1.2 million British expats. Despite the potentially high cost of living, the sunny climate and high quality of life makes it a popular destination amongst those seeking a fresh start.

According to the report, the UAE beat the US and Hong Kong[iii], coming third on the list, with 75% of those surveyed suggesting that one of their main reasons for moving there would be career opportunities. Dave Isley, head of Natwest International Personal Banking[iv], suggests that this shift in views is one of the most notable in many years, with a large number of Britons stating that they’re willing to adjust their lifestyles in order to enjoy the stronger economy and better job opportunities available in the UAE.

The benefits of UAE
The UAE has quickly become one of the go-to destinations for British expats working within many industries. In general, the lack of tax is beneficial for any expats looking to earn a good money while avoiding outgoings. However, job growth is also causing Britons to flock to the country. According to the Monster Employment Index for the Middle East, banking, financial services and insurance[vi] sectors registered the maximum number of online job opportunities in the UAE, with a 9% grow year-on-year. This growth is only expected to increase after the UAE unveiled a new law[vii] that will aid job creation across the emirates.

The new law, which is currently being finalised, is aimed at boosting entrepreneurship using incentives as a means of creating jobs for a growing population. UAE Finance Minister Sultan bin Saeed Al-Mansouri says he believes that the law, which allocates 10% of the development bank capital to go towards helping the businesses, will come into effect within the second quarter of 2014, helping national and international workers within the financial sector to create a business of their own.
Of course, those wishing to enter the UAEs financial and accountancy sector via an already established company[viii] will also benefit from the country’s recent boost in attention[ix] from across the globe. According to Olivier Meier, senior mobility consultant at Mercer, an increasing number of foreign workers are being sent to the UAE for both short and long-term assignments due to the country’s new position as a key global economic hub.

Why Dubai?
Within the Emirates, Dubai is rapidly becoming one of the most popular expat destinations for finance and accountancy workers. The main draw for expatriates to Dubai is the zero rate of income tax, but financial workers are also attracted to the country to take advantage of its rapidly growing financial sector and the increasing job opportunities appearing as the industry booms.

This boom is partly down to the emirate’s recently unveiled plan to become the Islamic economic hub[x]. In December 2013 the Dubai government set up a new body for the financial sector, the Dubai Islamic Economy Development Center. As part of Dubai’s goal, the center will provide legal and other services to companies within the Islamic banking industry, boosting growth and encouraging the emirate’s transformation into an economic hub. However, this growth is leaving a shortage of qualified workers in the sector, and so has prompted a search for talented financial professionals. 

In order to bridge this gap, many institutions and companies within the banking industry are developing strong intern programmes to provide hands-on training for younger bankers looking to gain practical experience in Dubai. Muneer Khan, a partner at law firm Simmons and Simmons Middle East[xi], has highlighted the role that international workers should play in the development of Dubai’s finance sector, suggesting that expatriate bankers are required to help globalise the Islamic economic sector.

However, Mr Khan also stresses that many Dubai banks are unwilling to hire international staff without the right experience. Managing director of the Dubai International Academic City[xii], a free zone for international university campuses in Dubai, has highlighted the importance of training and education within the Islamic economy, and argues that the emirate is working hard to help international workers enter the industry. He suggested that industry experts, government officials and leading academics are already working together to identify the skills gaps within Dubai’s finance industry and help national and international workers develop the required skills to meet the sector’s needs.


[i] Gulf News http://gulfnews.com/business/general/thousands-of-britons-relocate-every-year-outside-their-county-1.1328497
[ii] The Telegraph http://www.telegraph.co.uk/finance/personalfinance/houseprices/10803090/Is-Dubai-the-new-Spain-for-British-expatriates.html
[iii] Al Arabiya News http://english.alarabiya.net/en/life-style/travel-and-tourism/2014/05/05/Fun-in-the-sun-British-expats-prefer-UAE-over-Europe-and-U-S-.html
[iv] Natwest International http://www.natwestinternational.com/nw/personal-banking.ashx
[v] Quotezone http://www.quotezone.co.uk/debt-help.htm
[vi] Emirates 247 http://www.emirates247.com/news/emirates/looking-for-uae-job-sectors-with-most-opportunities-2014-04-22-1.546572
[vii] Arab News http://www.arabnews.com/news/555126
[viii] United Arab Bank http://www.uab.ae/cms/
[ix] Gulf News http://gulfnews.com/business/general/uae-a-hot-spot-for-overseas-assignments-1.1325425
[x] The International News http://www.thenews.com.pk/Todays-News-1-244105-Dubai-seeks-to-become-Islamic-economic-hub
[xi] Simmons & Simmons http://www.simmons-simmons.com/en/Locations/Middle-East
[xii] Dubai International Academy City http://www.diacedu.com