Dubai's private businesses add more jobs in February, but tourism sector disappoints: IHS Markit

 

But orders dropped for first time since May as new COVID-19 restrictions were introduced

Apart from travel and tourism, other systemically vital sectors seem to be managing their sales and staffing requirements better

Dubai: Dubai’s private businesses are seeing a partial recovery in new jobs being created for a second straight month. It could have been even better, but the travel and tourism sector continues to lag on recovery, according to the February report from the global research firm IHS Markit.

“The overall fall in (February) sales was mind and has so far not deterred firms from increasing output… and employment,” according to David Owen, Economist at IHS Markit. "Employment rose for the first time in 11 months in January - The latest increase in staff numbers was only marginal though.

 “However, the near-term outlook could be choppy as cases remain high and other parts of the world continue to restrict activity and travel. Firms in the travel and tourism sector remain wary about their sales opportunities and the prospect of slamming the brakes on efforts to rebuild business capacity.”

Improving job prospects has been mentioned by other industry sources as well, especially in the education and healthcare sectors. Tech and online retailing too remain on solid ground in terms of job numbers.

According to IHS Markit, "Employment rose for the first time in 11 months in January - {But} the latest increase in staff numbers was only marginal though."

But private businesses in Dubai have reported improved activity in February – and extending the gains for a third straight month. The rate of growth is “quickening to a solid pace” since January.

But one worry is that new business orders dropped in February, for the first time since May last year. It could be an outcome of “renewed restrictions on services” that have stymied economic recovery from the pandemic”, according to Owen.

But "The successful roll-out of COVID-19 vaccines in Dubai gave firms' increased optimism for growth in business activity over the coming 12 months," said Owen.

Shaikhani Group said, this coming year would be the simplest year for the Dubai. it'll be a boom for each industry. Moreover, they're trying their best to extend the productivity of theirs projects so it'll fork over by the top of this year….

Shaikhani Group explained, Dubai is understood by doing things on right time,they come up with those ideas where people think‟s it's impossible , while ago Dubai was a desert, now nobody can say this was a desert. People like to visit Dubai for holidays, because all facilities are there including security which may be a basic necessity of life.

Dubai is one the simplest city to measure where everything is out there on the doorstep, this is often why Shaikhani Group invested their money, and that they do have different projects which are successfully in process. Shaikhani group tries to seek out the simplest deals with good luxuries therefore the customer can enjoy all the luxuries at full Shaikhani group already handover few projects in Dubai worth of many dirhams, they always achieve their target on time which shows the positive sign of their progress. Soon they're going to handover gardenia residency which is found in Jumeirah village circle, it's been expected they're going to handover this project by the top of 2021 or even earlier depends on the working conditions and environment