10 best-paying jobs in the Gulf region

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What are the ten best-paying jobs in the Gulf region? What is the average salary of each position? Check out this post for details. Read Here!

Every year, the Gulf region becomes a dream place for professional ex-pats from all over the world. People come to Gulf to look for jobs because of the luxurious living and good career growth. Today’s article will list the ten best-paying jobs in the Gulf region. Read on!

1. Physicians

Doctors are always in demand, but the coronavirus outbreak has reminded the government how important it is to have an efficient health care system. Naturally, salaries increase or decrease depending on specialty and training. There are likely to be more vacancies in the future.

2. Chief executive officers

Every company has a chief executive officer who leads from the top. The CEO makes the most critical decisions regarding the company’s bottom line and is responsible to the employees. The job also tends to be very pressured and is always one of the highest paying jobs in the Gulf. The average monthly salary is Dh95,000.

3. Data Scientist

The Data Analyst’s job is to analyze data to reach actionable conclusions. Specific duties include: identifying data analysis problems that represent the most significant business opportunity for the organization. Identify appropriate data sets and variables. Research shows that the average salary for a data analyst in the Gulf region is AED 32,500 per month.

4. AI Engineer

AI engineering is a field of research and practice that combines the principles of systems engineering, computer science, software engineering, and human-centered design to build AI systems that meet human needs and achieve better business outcomes. The average salary for an AI specialist in the UAE is 3,368,777 dirhams. Specialists with ten years of experience can expect AED 4,20,525.

5. Investment Banker

Investment bankers are investment professionals who combine analytical skills, financial services experience, and practical, persuasive communication skills to support institutional investors in their fundraising and other activities. The average salary for an Investment Banking Analyst is AED 9,000 per month.

6. Software Engineer

Software engineers develop or modify existing software and design, build, and test applications to meet end-user needs, all using programming languages. The role also focuses on the large-scale software systems that comprise the company’s mission-critical practices. The average salary of a software engineer in the Gulf region is between AED 11,000 and AED 15,000 per month.

7. Cyber Security Engineer

Cyber Security Engineering involves creating and managing software, hardware, and security policies to protect networks, systems, and data. Cyber engineers have computer science, electrical engineering, and cyberspace experience. The average salary for a cyber security engineer in the Gulf region is AED 377,929 per year.

8. Management Consultant

Management consultant works with company administration to evaluate operations, identify challenges, collect information, and implement solutions. Management consultants often work in teams, and many are not employed by the company they are analyzing but rather by a consulting firm. The average salary for a management consultant in the Gulf region is AED 243,060.

9. HR Manager

The HR Manager manages and oversees the day-to-day operations of the Human Resources Department. These include hiring and interviewing employees, administering benefits, payroll, and leave, and ensuring compliance with company practices and policies. The average salary for the HR department is AED 8,500 per month in the Gulf region.

10. Web Developer

The web developer’s job is to build websites. The web developer’s primary role is to ensure the visual and usability of the site, but many web developers are also responsible for the site’s performance. The average salary is AED 8,500 per month.

Final Words

The Gulf region has become the go-to place for foreigners to find and land their dream jobs. Each industry in the Gulf region is booming thanks to the business-friendly ecosystem, providing the best-paying jobs to people. Until Next Time!

Best finance startups in the Arab world

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What are the best finance startups in the Arab World? What services do they provide? What makes them unique? Read the Details Here!

Best finance startups in the Arab world

Financial startups and companies are critical because they provide platforms and marketplaces for assets and money, allowing businesses to access capital and individuals to stabilize their financial status. Today’s article will list the best finance startups in the Arab World.

Beehive

Dubai-based Beehive launched the UAE’s first peer-to-peer (P2P) lending platform in 2014, connecting companies seeking financing directly with investors. Since its inception, it has helped about 800 companies receive loans worth about AED 907 million from 15,000 investors.

Paymob

Founded in Egypt in 2015, Paymob offers a suite of financial technology solutions for online and offline merchants to accept payments from their customers. The payment gateway can connect to a website or mobile app for online merchants using an API. Paymob offers a POS solution for offline merchants to accept in-store card payments.

Rasan

Rasan is the technology company, Saudi Arabia’s first insurance technology platform. It allows retail customers to compare coverage and premiums and select and pay for their chosen policy at once through an instant policy.

Tarabut Gateway

Tarabut Gateway is one of the largest regulated open banking platforms connecting banks to a regional network of fintech companies through a universal application programming interface. The platform allows third-party financial service providers to develop new applications and access financial data and services, enabling banks to accelerate partnerships while reducing costs.

Sarwa

Sarwa is a UAE-based investment platform that offers individuals low-cost, diversified portfolios and access to on-demand investment professionals. The company claims to have more than 20,000 users of its platform. In 2021, it launched Sarwa Trade, a trading platform for individual clients in the UAE that offers zero commission and transfer fees for dirham accounts.

Expensya

Expensya is a Tunisian-French startup offering an expense management platform to simplify expense reporting. The company’s platform automates accounting, simplifies the management of professional expense reports, and provides secure dematerialization. More than 400,000 customers use the company’s services.

Foodics

Foodics is a food and beverage technology startup from Saudi Arabia founded in 2014 to provide a retail management platform and cloud-based point of sales for retailers in the MENA region. It processes more than five billion orders through its platform, over 50,000 terminals, and serves over 10,000 brands.

Telr

Telr is a payment gateway provider founded in 2014. The startup offers tools and APIs that allow users to accept and manage online payments, mobile, and social media. The platform processes payments in various currencies and 30 languages, and supported services include Mastercard, Visa, UnionPay, American Express, PayPal, Apple Pay, Sadad, STC Pay, and Mada.

Bit Oasis

BitOasis is the largest cryptocurrency platform serving individual customers in the Gulf Cooperation Council countries and has plans to expand into the broader MENA market. The startup allows investors and traders to exchange and trade twenty cryptocurrencies and currently operates in Saudi Arabia, UAE, Kuwait, Oman, Bahrain, Jordan, Egypt, and Morocco.

Pay Tabs

Pay Tabs is a startup company that provides a payment acceptance and management system for e-commerce operators, startups, and online businesses. It processes multi-currency transactions securely and reliably. With an API plugin, Pay Tabs facilitates integration so merchants in various industries can use innovative features, such as plug-and-play on their websites.

Final Words

The financial startups and companies are the primary drivers of the Arab World’s economy, providing a free flow of liquidity and capital in the marketplace. These top ten startups have gained a significant reputation for their unique financial products and services. Until Next Time!

  • Article based on personal opinion, experience and research.
  • Photos from Unsplash & canva.

Top 10 Tech Startups in the Arab World

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What are the best tech startups in the Arab World? What services do they offer? Why are these the best companies? Read the details in this post!

Top 10 Tech Startups in the Arab World

Tech startups in the Arab World are small companies and play a critical role in economic development and growth. These startups are centers of innovation, offering unique solutions to various problems faced by individuals and businesses across the Arab World. Today’s article will highlight the top ten tech startups in the Arab World. Read on!

1. Keep Face

Keep Face is a startup founded in 2017 based in Dubai, UAE. The company offers a SaaS-based solution for companies to interact and engage with influencers in a marketplace format. Companies can enhance their marketing capabilities by collaborating with influencers who are relevant to the company’s product offering.

2. 99Starz

The company operates in the blockchain sector, allowing gamers to play video games on the blockchain and earn income for their efforts. It makes gameplay more realistic and exciting for gamers around the World. In addition, this is accomplished through NFT’s profitable endeavors.

3. Remote Pass

The company offers a SaaS solution that allows corporations to better control their remote teams, making it easier to pay, recruit, hire, and manage them no matter their location. Despite being a fledgling company, Remote Path has successfully raised funds to expand its operations.

4. GrubTech

GrubTech offers a comprehensive SaaS solution for the digital transformation of the kitchen. It is made possible by a POS system that makes it easier for restaurants to sell to customers. The platform also includes analytical capabilities allowing users to better understand their data.

5. Faceki

With growing concerns about identity theft and security, the need for authentic self-authentication methods is critical. Faceki, founded in March 2020, is a facial recognition and identity verification platform that enables companies to identify and connect users. It operates authenticated live and fake facial recognition technology using machine learning and artificial intelligence.

6. Mozare3

Egyptian startup Mozare3 aims to provide micro-credit to people and connect them to the gig economy amid the surge in mobile payments accelerated by the COVID-19 pandemic. The company aims to be a one-stop shop where people can digitally conduct financial transactions such as sending money, paying bills, and purchasing goods and services.

7. Gahez

Gahez, an Egyptian tech company, operates as an online marketplace that facilitates interaction between manufacturers and retailers and enhances the online shopping experience. It serves over 19,000 retailers in Egypt, offering a variety of products from over 150 manufacturers and suppliers.

8. Seez

Seez provides users with an Artificial intelligence-integrated platform for purchasing cars from official dealers and private resellers. Seez is one of the World’s largest online car sales sites, with 1.6 million users and approximately 500,000 vehicles.

9. MindTales

MindTales is part of Abu Dhabi’s business ecosystem, which aims to make mental health more comprehensive using machine learning and artificial intelligence. MindTales launched an online version of its digital counseling and wellness course app. The impact on everyone’s mental health is undeniable and prevails in the post-Covid-19 environment.

10. Cura

Cura is a digital startup company dedicated to solving the healthcare access problem and changing how people meet with doctors today. The app allows users to contact a doctor on their smartphone without the need to make an appointment or visit the doctor’s office. It will enable you to choose a doctor based on their reputation, expertise, and the opinions of others.

Final Words

Tech startups in the Arab World tap into new markets and improve the region’s overall economy by developing innovative products and contributing to job creation. Until Next Time!

 

Top 10 largest employers in the Arab world

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Do you want to know about the ten largest employers or companies in the Arab World? If yes, you are in the right place. Read Here!

Top 10 largest employers in the Arab world

The Arab World has become the most important industrial, commercial, and business location. It has some of the world’s largest employers and companies. The business-friendly policies have allowed the following employers to improve their research, development, financial, innovative products, and services and expand their operations to other countries. Here is the list of the top ten employers in the Arab World. Read on!

1. Saudi Aramco

Saudi Aramco is not only the world’s most profitable company but also the world’s most expensive. The Saudi government owns more than 98%. It is a significant source of revenue for the Saudi Arabian government. The company explores, produces, markets, and transports natural gas, crude oil, and chemicals.

2. QNB Group

QNB Group was established in 1964 as Qatar’s first commercial bank, a fifty-fifty joint venture between the Qatar Investment Authority and the general public. Since then, the bank has grown steadily and has become one of the leading banks in the Middle East, Africa, and Southeast Asia. Over the past year, the bank’s assets have increased by 10%.

3.  SABIC

Operating in more than fifty countries and employing more than 33,000 people worldwide, SABIC’s global expansion began in 2002 with the acquisition of DSM’s petrochemicals business in Europe, with manufacturing facilities in Germany, Netherlands, and the U.K.

4. Emirates NBD

Research shows that Emirates NBD is UAE’s largest bank, with a 44% increase in net income between 2019 and 2020. The bank acquired DenizBank and is pursuing a strategy to diversify its asset base and revenue streams outside the United Arab Emirates. Moreover, Emirates NBD, established in 2007, is one of the largest employers in the Middle East. The establishment happened through the Emirates Bank International and National Bank of Dubai merger.

5. First Abu Dhabi Bank

“First Abu Dhabi Bank” participates in Climate and Carbon Reporting Group to combat climate change, which works to strengthen sustainability goals, manage climate change risks, and identify new opportunities in this area. The Abu Dhabi Investment Board is the company’s largest shareholder.

6. Etisalat

Etisalat was established more than 40 years ago as the first telecommunications service provider in the United Arab Emirates. Today, the company has 150 million subscribers in more than sixteen countries in the Middle East, Africa, and Asia.

7. Saudi Telecom

Saudi Telecom is the number one telecommunications operator in the Middle East and the country’s largest in terms of subscribers. Earlier this year, Saudi Telecom played a crucial role in the success of the first virtual G20 summit. It is one of the largest employers in the Arab World, with various projects active in the MENA.

8. National Bank of Kuwait

National Bank of Kuwait has been in the business since 1952. It is the first bank in Kuwait and the first joint stock company in the Gulf region. Today, the National Bank of Kuwait has 150 branches in fifteen countries on four continents. With its merger with Boubyan Bank in 2012, the National Bank of Kuwait is the only banking group in Kuwait to offer both conventional and Islamic banking services.

9. DP World

DP World has been in the business for more than four decades. Its first project was the Port of Rashid in Dubai. Today, in addition to terminals and ports, DP World is also involved in logistics, industrial parks, maritime services, economic zones, marinas, etc. The company operates 78 marine and inland terminals in 40 countries. It has more than 56,000 employees.

10. Dubai Islamic Bank

Dubai Islamic Bank is one of the first Shariah-compliant financial institutions in the world and the first Islamic bank in the UAE. The bank operates in seven markets around the world and is expanding globally. The bank has earned a reputation for leadership and innovation in maintaining its products and services’ flexibility, quality, and affordability.

Final Words

The Arab World is home to some of the world’s largest companies and employers, providing thousands of jobs to people with skills in different fields. However, these are the top ten employers in the Arab World. Until Next Time!

Best Countries to Start a Business in the Middle East

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What are the best countries to establish a profitable business in the Middle East. Check out this post to get the list and essential details!

Best Countries to Start a Business in the Middle East

Starting a new company in the Middle East is not a complex process. However, you must choose a country with business-friendly policies and lower tax rates. At the same time, you must become familiar with a country’s business culture in the Middle East and examine its economic conditions. Here are the best countries to start a business in the Middle East. Read on!

United Arab Emirates

The United Arab Emirates has the best business ecosystem. Cities, including Abu Dhabi and Dubai, are commercial hubs and ranked top in the Middle East for ease of doing business and starting and running your company.

In addition, it is pretty easy to obtain credit in the UAE because the country taxes global banks and oil companies, making it ideal for cutting expenses and generating higher profits. The UAE has appropriate tax policies for the oil and gas, construction, banking, and tourism sectors.

Oman

Oman is the second-best country to start a business in the Middle East. The company primarily relies on oil and gas. The industry contributes to more than 85% of the country’s economy.

The Sultanate has established a state-of-the-art business climate for foreign investors and entrepreneurs, allowing them to start and run successful companies without operational and financial risks.

We recommend starting a business in the mining, manufacturing, logistics, shipping, and tourism industries. However, the country also has favorable policies for the aquaculture, technology, and software sectors.

Qatar

Qatar is one of the wealthiest countries in the Middle East. Although Qatar is a small country, the World Bank ranks it first for registering properties, second for getting building permits, and third for paying taxes. So, all these factors contribute to the ease of doing business in Qatar.

Although the government generates 70% of its revenue from the oil and gas industry, Qatar has substantially diversified its construction, banking, real estate, renewable energy, agriculture, steel, tourism, and technology sectors, allowing locals and foreigners to start and run profitable businesses.

Bahrain

Natural gas and oil dominate the Bahraini economy. However, the country has established business-friendly policies for other industries, including the information and communication technology sector. Banking and real estate are also excellent industries to start a business in and earn significant profits.

Besides, the Bahraini government has invested in creating a positive environment for businesses, entrepreneurs, and corporations. It has signed a free trade agreement with the U.S, driving people from western countries to invest in and run profitable businesses in various sectors.

Saudi Arabia

Although Saudi Arabia has strict laws, it has favorable ecosystems for businesses and entrepreneurs. The oil-rich country under the leadership of Mohammad Bin Salman aims to modernize Saudi Arabia and promote tourism, entertainment, energy infrastructure, education, and transportation networks.

Remember, these improvements are directly proportional to streamlining business development and processes. According to the World Bank, Saudi Arabia will become the leader of the business world in the Middle East in the coming years. It is an excellent location for investors and businesses to find funding and grants.

Final Words

Planning, starting, and running a business in the Middle East has become easier than ever, thanks to the modern and corporate-friendly policies, allowing entrepreneurs to make their dreams come true. Until Next Time!

  • Article based on personal opinion, experience, and research.
  • Photos from Unsplash & canva.