‘Claims of an exodus are overblown’
The CEO of one recruitment and HR firm has said many firms are still hiring and rumours of an “exodus” are exaggerated. Trefor Murphy, CEO of Cooper Fitch in Dubai, said although the oil and gas industry has taken a hit, there is still strong demand for professionals in the UAE. He said: “There is a huge amount of talk of an exodus from the UAE, I am not subscribing to this. As I go to DIFC, malls... etc, it’s a bit quieter but I think they are being frugal and minding their finances.” He also said a “massive inflow” of firms into the UAE in the past three years would inevitably cool off. Murphy said there are opportunities for young professionals and that many firms are looking for fresh blood with “different experience”.
UNCONVINCED: Trefor Murphy