In an effort to promote development and encourage the completion of planned building projects in Dubai, the Dubai government recently established Tayseer. Tayseer is the newest initiative to guarantee financing for property developments. This acts as a safety net, encouraging financial institutions to lend the money needed to begin or complete planned projects. Dubai Emirates Islamic Bank was the very first to obtain approval for the program, but several more strategic partners will be announced soon.

The goal of the Tayseer program is to build confidence in the economic standing of Dubai. With government guaranteed loans, banks will know the return on investment is backed by the financials of the Dubai government. Once these initial loans are made, it is expected that financial institutions will be more willing to loan the needed capital for other projects that have been left abandoned and unfinished.

Throughout the last several quarters, the banking sector has been one of the few sectors to see gains, and several times this sector has been responsible for carrying the overall market out of the red. As confidence in the economy grows as a result of the Tayseer program, it can only be expected that growth across the banking and financial sector will follow.

The many banks and financial institutions around Dubai will need the professional support to back this growth. While finding a job in Dubai may have been challenging over the last year, it is quite apparent that things are about to change for the better, for both the banking sector and the job market as a whole.

The Accounting and Auditing Organisation for Islamic Financial Institutions, or AAOIF, is the governing body that makes the standards for which the banking industry must abide by in regards to accounting and record keeping. In the first week of August, the AAOIFI announced two distinct accounting standards that impact accounting throughout the Islamic financial sectors. The goal of these standards is to promote standardized transparency and lay framework for accounting of investment accounts.

These new reporting and accounting standards are a lot for financial institutions that are new to the AAOIFI practices to implement in a system that previously required no separation of debt and equity-type instruments. As a result, the accounting sector is going to have a high demand for qualified and highly educated accountants that can take the AAOIFI standards and integrate them into the financial institutions current reporting and accounting processes.

The interest in accounting in Dubai has seen a tremendous spike, with the number of MBA students at an all time high at the areas universities. Manchester Business School Middle East International Executive Centre, for example, grew its MBA student base by 16.5% in July. This added 100 new MBA students, for a total of 800 enrolled. The majority of these students are in the accounting program, but these students will not be ready for work for some time, and when they are they will lack the professional experience needed to facilitate these changes in standards. The immediate need for accountants provides a great opportunity for those that already have the professional and educational experience in the accounting sector to obtain work in Dubai.

Personal Assistant jobs are a fairly recent phenomenon and should not be confused with secretarial positions. Personal assistant jobs vary across several industries and are not limited to an office environment. Duties of personal assistants vary and there is not set job description. Personal assistant duties can vary from answering phone calls, coordinating schedules, and personal tasks. Personal assistants, or executive assistants as they are sometime called, now play a major role in the corporate world. Their duties have expanded and they are often times the right hand person of the corporate executive.

The personal assistant job sector in Dubai is expected to increase as the city is becoming a central figure in the world wide economy. The city has attracted several large corporations such as Oracle, IBM, Microsoft, CNBC, CNN, and the Associated Press. As more large corporations set up operations in Dubai, the openings for personal assistants will likely increase.

Dubai is still developing as a city and there are several major land development projects that are either taking place or are scheduled for the future. One of the projects includes a major business park that will include 500 skyscrapers. As this project is completed and the office space is leased or purchased, the need for personal assistants will rise dramatically. The future of the personal assistant job market in Dubai is contingent on the completion and occupation of the business park currently under construction. The outlook looks positive for the long term future of the personal assistant job market in Dubai.

Telecommunications in its simplest form is the transmission of messages over significant distances with the intent to communicate. Since the revolution of wireless communications in the first decade of the 20th century, telecommunications now plays a huge role in the global economy. Telecommunications revenue reached $1.7 trillion dollars in 2008 and is expected to reach nearly $3 trillion by 2013.

Whether it is on a micro or macroeconomic level, a strong telecommunication infrastructure has a lot to do with the level of success. Mobile telecommunications has enabled people to be productive and stay in close contact with co-workers regardless of location.

The city of Dubai is a developing city with major construction projects that include tourist attractions, business complexes, and a manmade island. With the large amount of real estate development and a massive increase of the general population, the need for a solid telecommunications infrastructure in Dubai is critical to its future success. Telecommunications jobs are readily available in Dubai because of the nature of the city and the basis of its economy. Dubai’s vision of being a progressive city on the cutting edge goes hand in hand with the need for a strong telecommunications platform. Business and civic leaders have made it a priority, which has lead to many job opportunities in the field being available.

The current state of the job sector is strong with the outlook seemingly brighter. As the local and global economy improves additional resources to create more telecommunications jobs will be available.

Teaching and education jobs have taken a downturn in recent years due to the economic crisis felt by public and private organizations. Education in the private sector has become more prevalent as companies have put an emphasis on employee training. The teaching and education profession has historically been an overworked, underpaid profession which has lead to a problem with employee retention. In the United States much of the workforce including teachers are baby boomers on the verge of retirement. When this occurs there will be a large increase in demand for American teachers.

Teaching and training jobs in Dubai are in demand because Dubai is one of the fastest growing cities in the world. As of 2009, the total number of public schools in Dubai was 79. The total number of private institutions was 145. The main language used for instruction in the public school is Arabic with an emphasis on English as a second language. The private schools have more of an emphasis on teaching English as the main language. Officials in Dubai recently opened up Dubai Knowledge Village in an attempt to spur post-secondary education.

As more permanent residents move to Dubai the teaching and education job sector will continue to grow.

Dubai has also become a destination for big businesses to operate. The influx of big business has increased the need for corporate trainers to provide new employee training and continuing training for the existing workforce. Dubai’s teaching and education job sector outlook should remain steady in the interim with future growth as the global and local economies improve.

The ability to sell and market products is quite often the biggest factor in whether an organization or individual will be successful. Sales and marketing jobs will always remain an economic mainstay because businesses need to be able to influence consumers to purchase their products or services instead of going to the competition. During the economic downturn many businesses have closed which has resulted in many sales and marketing jobs being lost. As consumers have decreased spending, the demand for sales and marketing professionals has taken a hit.

With consumer spending slowing, the companies who are still in operation need to maintain excellent sales and marketing strategies personnel to increase market share. The nature of the sales and marketing job has changed dramatically changed since the advent of the internet. Today there are so many different sales and marketing distribution channels that professionals who want to succeed have to remain on the cutting edge of technology to keep pace with the competition.

The sales and marketing job sector in Dubai is very similar to the rest of the developed world as the local Dubai economy has experienced an economic recession over the past five years. The need for quality sales and marketing professionals is high as the city has, and still continues to market Dubai as a major tourist and business destination. The city has unique features such as the world’s tallest building, world’s largest mall, and the largest manmade island.  The city and the various business entities within it need strong sales and marketing professionals who can market Dubai as a world-class hub for tourism and business.