Economic analysis of events in the United Arab Emirates and the Gulf
posted by John B. Chilton at 12/01/2005 08:37:00 AM
I would love it for someone to explain to me why UAE nationals refuse to work in banks even though they are paid ridiculously larger salaries than nationals in other GCC countries.In Oman, for example, so-called Omanization has reached 91% in banks. And that's without paying any preferential salaries to nationals to pursuade them to work in banks. I hear that in the UAE tellers get paid as much as 8000 dirhams a month, an amount that a finance graduate working as a credit officer wouldn't get in Oman (or Bahrain for that matter).
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