GCC salaries to see marginal increase amid low oil prices

NULL

Salaries in the UAE and rest of the GCC will see a marginal increase as oil prices remain low. That’s according to experts at the ongoing HR Summit & Expo in Dubai, who also say that the current status of the global economy affects pay in the region. ARN News has been speaking to Peter Cheese, CEO of CIPD, a human resources development company. He says that while most basic salaries have seen a mere 3% to 4% pay hike over the past year, some professions have not been affected at all.

Listen

More from Business News

News

  • UAE President receives Lebanese counterpart

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Lebanese President Joseph Aoun in Abu Dhabi on Wednesday, in his first official visit to the country since taking office.

  • UAE authorities conduct air ambulance mission in Oman

    Emirati authorities carried out an air ambulance mission for an injured person who "suffered a sudden health problem" in Oman, it was announced on Wednesday. 

  • UAE President holds talks with Ecuadorian leader

    UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the President of the Republic of Ecuador, Daniel Noboa, met on Wednesday to discuss strengthening cooperation in economy, trade, renewable energy, sustainability, investment, tourism, and agriculture.