Middle East hiring freeze looms as business confidence weakens: report

More than half of firms in the Middle East are either cutting or freezing employment, while only 14% are increasing investment in staff. That’s according to new research on global economic conditions by the international body of accountants, ACCA and IMA. The survey of over 1,200 respondents points to weak business confidence in some sectors, with falling revenue cited as a major problem. It also adds that the region’s tourism and logistics industries look promising, with preparations for the Dubai Expo 2020 supporting these sectors.