‘Claims of an ex­o­dus are overblown’

7 Days in Dubai - - BUSINESS -

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

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.