Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

TECHNOLOGY TOP STORIES

Demand for tech jobs on the rise in the UAE

Demand for tech jobs on the rise in the UAE

Statistics from recruitment consultancy Robert Half have shown that IT and applications development jobs have become highly sought after in the region

Robert Half credited this increase to the diversification of the UAE’s economy over the years.

In its 2019 Salary Guide, Robert Half said that a majority (89% to be exact) of CFOs feel confident about their company’s growth prospects for the year ahead. 

Over 50% of business leaders in Dubai and 45% in Abu Dhabi have expressed concern about the effort needed to attract, secure and retain specialist professionals in the future.

 “Numerous economic indicators show that business confidence and growth are on the rise in the UAE region, which is creating more opportunities for talented professionals to develop their careers,” stated Robert Half UAE associate director Gareth El Mettouri.

“The pervasiveness of new technologies including artificial intelligence, robotics and machine learning in every business sector means that people with digital skills and know-how are particularly in demand.”  He continued.

El Mettouri further  added that “hiring managers need to ensure they have effective recruitment strategies in place to secure their favourite candidates, as well as offer the optimum combination of salaries and benefits.” 

In the tech field, the most in-demand jobs are mid-level to managerial.

Robert Half also predicted that the most in-demand jobs in tech for 2019 will be IT security analysts, applications developer, and systems develop. Starting salaries in the jobs range from $46,600 and $125,100. 

In accounting and financing, the top three most in demand roles for 2019 were found to be finance directors, financial planning and analysis manager, and financial analysts, with starting salaries of $65,400 and $402,800. 

Other in-demand jobs for 2019 included: compliance managers, investment banking and mergers and acquisition associates, FX sales managers, HR business partners, HR heads, and personal assistants. 

“The evolution of the workplace is seeing businesses needing to fill their ranks with specialist and digitally skilled professionals,” El Mettouri stated.

“The professionals who possess all of these skills are hard to come by, so to avoid reduced productivity and limited growth with open vacancies, business leaders should consider how they promote their employer brand, company culture and the training and development options to ensure they can attract the necessary talent needed for the future of work.” He concluded.

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