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Jobs Roles In Middle East - Article Example

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The growth of the economy in the Middle East has resulted in the creation of more job opportunities than the local population can fill hence…
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Jobs Roles In Middle East
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Job Roles in Middle East The economy of Middle East countries has continuously been growing even while western countries were affected by the great recession. The growth of the economy in the Middle East has resulted in the creation of more job opportunities than the local population can fill hence request for expatriates to come and fill them. The economic growth may directly be linked to revenues that are generated from export of petroleum (Gulf Business, 2014). This paper seeks to analyze the job market in the Middle East, specifically focusing on high paying roles, qualifications and experience required for the roles, countries with the most jobs within the role, and the ten largest companies in the region.
In most Middle East countries, the petroleum industry tops as the best paying industry. It is because petroleum is the main export product for countries in this region. With the ever rising petroleum prices, countries in the Middle East region have continuously experienced growth, especially in the petroleum industry. From the explanation above, it can be agreed that the petroleum industry should have the best paying role. Petroleum engineers are the best paid in the Middle East. Duties of petroleum engineers include analyzing new oil reservoirs to determine costs and benefits, supervision of the drilling, extraction, and processing progressions. For an individual to qualify as a petroleum engineer, they must have a bachelor’s degree in engineering, most preferably in petroleum engineering. Other engineering courses may also be considered such as chemical engineering. A three year’s working experience is preferred by most employers. The Saudi Arabia has the most jobs within this role in the Middle East.
Financial managers are the second best-paid people in the Middle East. The role of the financial managers includes managing departments of the financial institution and making strategic decisions on issues regarding the institution. Most financial managers in the Middle East have a working experience of over ten years and a post-graduate award in a finance related course. Most of the jobs within this role are found in the United Arab Emirates.
Gulfbusiness.com ranked major air pilots as the third best-paid roles in the Middle East. Qualification for major air pilots is usually good health and judgment ability, acquired a specific flight time, which in most cases should be above 1,500 hours. Other qualifications are specific to different airlines. The United Arab Emirates again has the highest number of jobs within this role.
The fourth best paying role in the Middle East is a doctor. The qualification to become a doctor is usually a degree in medicine plus few years residency. The UAE has the highest number of jobs in this role. Real estate agents come in fifth as the best-paid roles in Middle East.
The biggest corporations in the Middle East are the best paying companies in the region. According to Forbes magazine, the largest company in the Middle East is a petrochemical company known as Saudi Basic Industries (SABIC) with total assets worth over $90.4 Billion. The second largest is Saudi Telecom with total assets of over $23.3 Billion. QNB Bank comes in third with assets worth over $22.8 Billion. Etisalat Telecom was ranked fourth largest while Saudi Electricity was ranked fifth. The Al Rajhi Bank was ranked sixth biggest, National Bank of Abu Dhabi ranked seventh, and FGB bank was ranked eighth. Ooredoo Telecom was ranked ninth biggest and National Bank of Kuwait ranked the tenth largest company in the Middle East (Forbes Middle East, n.d).

References
Beydoun, Z. 1988. The Middle East: Regional Geology and Petroleum Resources. California: University of California Press
Forbes Middle East, n.d. Top 500 Companies in the Arab World. [Online] Available at: < http://www.forbesmiddleeast.com/en/lists/read/2014/top-companies-in-the-arab- world/listid/177> [Accessed 8 February 2015].
Gulf Business, 2014. Revealed: The Gulf Business 2014 Salary Survey. [Online] Available at: [Accessed 8 February 2015]. Read More
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