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Banking jobs in Dubai – a booming employment market

Posted On : Jul-06-2010 | seen (555) times | Article Word Count : 716 |

Article contains information over a booming market of employment in banking field. Banking sector is therefore on an upswing in Dubai, with the expanding economic activities and services being introduced and carried on in the city.
A part of the seven Emirates of UAE, Dubai is the fast emerging as one of the fastest growing global economies. Enriched by various favorable factors that support high standards of living, Dubai is increasingly becoming a sought after destination. Dubai is second-largest in area after Abu-Dhabi. The Emirate is consistently gaining world repute for being one of the most competent cities ascribing to its propitious surroundings and living environment.

In recent times, Dubai has come forth as an industrial hub, with constantly swelling employment advances and developments taking place in the city. With the expanding economy, attributing to the city’s blossoming and prospering international relations, Dubai is gaining fame for being the professional and commercial hub in the global market. Jobs in Dubai are on an upswing and cater hugely to the overall jobs in the Gulf/Middle East region.
As per studies conducted in 2006, Dubai’s economy accounts for 46 billion US $, which has only witnessed heightening upward trends. Defined as the “centrally-planned free-market capitalism”, Dubai’s economic system is fast paving way for further global advancement.

Dubai government has also installed industry-definitive free zones across the city. Dubai Internet City and Dubai Media City, which form a part of Dubai Technology, Electronic Commerce and Media Free Zone Authority (TECOM), serve as the supreme growth-promising zones globally. With the growing economy and progressing commercial sector, the Banking sector is gaining pace to fulfill the monetary requisites and operations for smooth economic transactions.

Dubai is globally famed for being the supreme tourist destination. With its sky-scraping constructions, high-rise residential complexes, astounding architectural achievements, Dubai attracts hoards of tourists every year, thereby escalating its economy to overwhelming heights. As the economy grows, the need for suitable and fulfilling banking services is required to run the economic machinery of the city.

The sectors of banking and Investment are one of the leading components of UAE’s economy. Dubai has consolidated its stand as the ultimate banking destination globally. The Emirate’s economy captivates local as well as international investment firms which promise potential returns for favorable capital ventures. The advancing Banking sector has led to the consequent employment boom in the city. Various vacancies are being generated for junior as well as senior level managements in several Banking and finance companies throughout the city.
With the establishment of the Dubai International Financial Centre the economy is expected to further ease out and become more flexible. The DIFC is one of the leading financial complexes globally and is responsible for bringing forth enormous amount of employment opportunities in the Banking and finance sectors. Ranging from private, corporate and investment banking to asset managements, capital market and finance schemes, the DIFC will generate employment vacancies at a competent rate.
A city within the city, DIFC will be an exquisite financial vertex to match that of The City of London. It will cater significantly to employment expectancies of intellectual and talented workforce across the globe. Banking sector is one of the most sought after segment that will witness considerable job vacancies. DIFC, being a financial open and free zone, creates tremendous benefits for competent professionals by offering tax free policies pertaining to income schemes. There is a huge rush amidst potential finance and banking companies across the world to obtain specific space in the DIFC and introduce fresh and profitable recruiting strategies.
Banking sector is therefore on an upswing in Dubai, with the expanding economic activities and services being introduced and carried on in the city.
Dubai’s Banking segment is abode to some of the world’s leading banks. With the advancing economic market, growing number of domestic as well as global financial and banking institutions are gaining pace to establish hold over Dubai’s business centers. Banking jobs in Dubai are thus catering favorably to potential job seekers globally. A population that encompasses international citizens attract more number of competent banks to conform to these market strategies. Despite wavering financial scenario coloring the global market, banking sector in Dubai is soaring high. Job vacancies are therefore exceedingly created to suffice employment demands for many.
Banking sector is thus on an upswing in Dubai, and offer relatively higher benefits and compensations to the talented workforce that contribute significantly to the finance and banking market.

Article Source : http://www.articleseen.com/Article_Banking jobs in Dubai – a booming employment market_24548.aspx

Author Resource :
Kriti Seth writes on behalf of NaukriGulf.com, a leading job portal for jobs in Gulf Region, Jobs in DubaiMiddle East jobs. Naukri.com's foray into the Middle East is an Endeavour to provide established client base with services that best meet their international requirements as well as expand our operations on to a global arena.

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Category : Business : Careers

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