Banks, financial firms on hiring spree in Middle East

Financial institutions and banks are hiring at the fastest pace in the UAE and other Middle Eastern countries as the regional economies show sign of improvement, according to the data released by recruiters Monster Worldwide. Demand for banking and finance professionals jumped in March, with a 65 per cent increase in job postings from a year earlier while job listings for the same sector climbed 38 per cent in the UAE, the Monster Employment Index Middle East revealed. Online hiring in Saudi Arabia and Egypt is soaring, with an increase of 30 per cent and 28 per cent respectively, in job listings. The UAE registered a modest growth of 17 per cent.