The United Arab Emirates or UAE is presently having problems with careers, banking, and finance. It also has problems with regard to national concerns such as inflation, regional political instability, and high fuel prices. On a lighter note, it is growing stronger in terms of Gulf gains.

In Dubai, Ammar Shams, the Regional Head of Corporate Sustainability of the HSBC Group, argued that the public sector is having a greater advantage over the private sector in terms of hiring fresh Emirati graduates. This is because the public sector offers better compensations than the private sector. Newly grads who work in a public sector receive a salary of Dh25,000 to Dh30,000 every month; but those who work in the private sector receive less even if they are trained well.

However, Hanan Al Fardan, a speaker from the Higher Education Department of the Knowledge and Human Development Authority defended that not all new employees in the public sector receive such amount. According to her, many of these newly grads actually receive a lower salary. Nonetheless, Shams still suggested that a fair compensation be given to all fresh Emirati graduates regardless of their work environment. All should receive reasonable amounts whether they are in the public or private sector.

When it comes to Banking and Finance, many of the major banks in the country still refuse to lend money. The economical crisis has forced them to make record provisions for bad loans. So, their profits were hurt and they are now having a hard time in lending. Two of the major lenders in Abu Dhabi, Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB), are actually not showing any sign of healthy financial growth.

Even though there are bright prospects for loan growth in Qatar and other countries, the United Arab Emirates still chose to stay conservative. This is partly due to the new regulations of the central bank that restrict certain lending practices. Moreover, local banks are exposed to indebted government entities and battered real estate investments.

Anyway, Aramex, a global logistics and transportation solutions provider stated that its net profits have gotten better and that they have actually increased by five percent. During the first quarter, the net profit increased from Dh47.5 million to Dh49.8 million due to the significant improvements of Gulf operations revenues. Dh530 million of last year has also turned intioDh595 million this year.

What is more, even though Aramex has faced challenging conditions in the MENA (Middle East and North Africa) markets of Bahrain and Egypt, it was still able to rise and make it through. Its professionalism, positive outlook, and adaptability to fluctuating market conditions have paved the way to success. It also made its Gulf gains an inspiration to do better.

At present, Aramex is continuing to expand all over the world. It competes with business giants DHL and FedEx. It also stays solid in the European markets, so it can obtain more acquisitions in Central Asia and East Africa. In addition, it plans to increase its revenues and enhance its total performance by obtaining companies in Africa and Southeast Asia.

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