The UAE's labour market is growing, underpinned by policy initiatives and a robust private sector.

The introduction of mandatory unemployment insurance in the UAE has successfully enrolled nearly 7 million workers, collecting USD 120m in premiums.

Economic projections suggest the UAE will see a 4.2% real GDP growth in 2024, fueled by a strong non-oil sector, government spending, and increased oil production.

Inflation in the UAE is expected to stabilize at 2.5% in 2024, due to high interest rates and a strong currency.

The UAE labour market is evolving with a focus on skilled employment and an increase in private sector companies.

Initiatives like the 'golden visa' are enhancing the UAE's ability to attract global talent and improve its competitiveness.

While the economic and labour market outlook for the UAE is optimistic, potential global economic challenges and geopolitical tensions could pose risks.