There's a singular word that is being coveted across the world. From
politicians to workers, news agencies to international
organizations-this word is shaping business deals and national
policies. It is uttered in cautious reverence and is being treated as
the most crucial need in a time of economic crises. The word is
Optimism, and it seems that some unlikely countries have a much better
hold on it than the world's biggest and most powerful.
It's no
longer a glass half empty or half full argument. Optimism has become
the new contract. If your company or country cannot wager such
confidence, it's likely to become part of a growing list of victims
suffering from a major market slow down. You can gauge the extent of
its importance by simply looking at the reaction around the world to President Elect Barack Obama's
success. His campaign for change brought a new message of hope to
everyone who has had enough of negative growth, job cuts and rising
costs of living. But where big-movers and players like the United
States are struggling to restore market confidence, people in Middle
Eastern countries like the UAE are happily looking toward the future.
According to a survey conducted by ASDA'A, only 34 per cent of Westerners believe their country's outlook is positive, while more than half of Emiratis are optimistic in continuing economic and social growth. This is a curious inversion of public sentiments. Countries that have long established their economies and world wide prowess seem to have the most skeptical citizens. While emerging economies like Dubai are prospering on public confidence.
The New York Times reported that the Organization for Economic Cooperation and Development forecasts shrinking economic activity and further job losses for the leading economies of the world. Apparently this will be the second recession for Germany in six years. England's future is not looking any brighter no matter how much money its government pools in. Even with all the highly publicized moves by U.S authorities, it's the growing number of lay-offs, emergency mergers and real estate closures in the millions that are driving American banks to lend less and consumer confidence to decline.
Yet the Nielsen Confidence Consumer Index has boosted UAE to third place in a list of the most optimistic nations in the world. This is because economies in the UAE, like Dubai, are influenced by strong domestic growth. Especially in economic sectors that play a big part in daily availability of credit and liquidity like the retail sector. Dubai's five star hotels, malls, resorts and infrastructure are an essential part of an economy that shows no signs of slowing down. While the increasing demand for professional and skilled individuals has pushed the emirate to seek the best talent from around the world.
Take a look at the Hot Job Links on Jobs in Dubai's home page and you will recognize that Dubai is calling on exactly the kind of job seekers that are at risk in North American and European job markets. With booming financial, retail and development/construction industries, job opportunities like those posted on JID's job board are the most confident signs of this emirate's potential, and a great reason for you to be optimistic about investing in a career in Dubai.
Embedded Links:
http://www.arabianbusiness.com/538040-uae-up-to-third-in-world-consumer-confidence-list
http://www.arabianbusiness.com/537923-arabs-more-positive-about-future-than-westerners
http://www.nytimes.com/2008/11/14/business/worldbusiness/14euro.html?_r=1&hp&oref=slogin
http://www.asdaa.com/about_asdaa.php?head=about_asdaa
http://www.barackobama.com
http://us.nielsen.com/site/index.shtml
According to a survey conducted by ASDA'A, only 34 per cent of Westerners believe their country's outlook is positive, while more than half of Emiratis are optimistic in continuing economic and social growth. This is a curious inversion of public sentiments. Countries that have long established their economies and world wide prowess seem to have the most skeptical citizens. While emerging economies like Dubai are prospering on public confidence.
The New York Times reported that the Organization for Economic Cooperation and Development forecasts shrinking economic activity and further job losses for the leading economies of the world. Apparently this will be the second recession for Germany in six years. England's future is not looking any brighter no matter how much money its government pools in. Even with all the highly publicized moves by U.S authorities, it's the growing number of lay-offs, emergency mergers and real estate closures in the millions that are driving American banks to lend less and consumer confidence to decline.
Yet the Nielsen Confidence Consumer Index has boosted UAE to third place in a list of the most optimistic nations in the world. This is because economies in the UAE, like Dubai, are influenced by strong domestic growth. Especially in economic sectors that play a big part in daily availability of credit and liquidity like the retail sector. Dubai's five star hotels, malls, resorts and infrastructure are an essential part of an economy that shows no signs of slowing down. While the increasing demand for professional and skilled individuals has pushed the emirate to seek the best talent from around the world.
Take a look at the Hot Job Links on Jobs in Dubai's home page and you will recognize that Dubai is calling on exactly the kind of job seekers that are at risk in North American and European job markets. With booming financial, retail and development/construction industries, job opportunities like those posted on JID's job board are the most confident signs of this emirate's potential, and a great reason for you to be optimistic about investing in a career in Dubai.
Embedded Links:
http://www.arabianbusiness.com/538040-uae-up-to-third-in-world-consumer-confidence-list
http://www.arabianbusiness.com/537923-arabs-more-positive-about-future-than-westerners
http://www.nytimes.com/2008/11/14/business/worldbusiness/14euro.html?_r=1&hp&oref=slogin
http://www.asdaa.com/about_asdaa.php?head=about_asdaa
http://www.barackobama.com
http://us.nielsen.com/site/index.shtml
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