Melissa Hancock - Profile and Journalist Details
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Melissa Hancock
Verified
Editor, Arab Banker
West Midlands
Beats
nfl golf, nba pelicans, LSU, astros ncaa, NHL, Louisiana, saints, mcneese, MLB
Arkansas Razorback Sports, general news, or weather
Content
By Melissa Hancock| Semafor Verified Dubai’s once-idyllic expat lifestyle has become unattainable for many as costs rise and salaries stagnate. An influx of more than 400,000 expats since the pandemic has made the labor market more competitive, dragging down salaries and benefits even for top jobs, according to Bloomberg. Employers don’t expect to offer UAE workers a pay bump this year.
By Melissa Hancock| Semafor Verified Private equity deals in the Middle East and Africa fell to a three-year low in 2024, reflecting a global slowdown in the asset class. Tighter credit conditions and valuation mismatches hampered the execution of deals, according to a report by data analytics firm Magnitt. While the UAE has historically led the region in deal activity, Saudi Arabia has taken the top spot over the past two years and is expected to expand its lead further as it ramps up local investments to diversify its economy.
By Melissa Hancock| Semafor Verified Dubai’s once-idyllic expat lifestyle has become unattainable for many as costs rise and salaries stagnate. An influx of more than 400,000 expats since the pandemic has made the labor market more competitive, dragging down salaries and benefits even for top jobs, according to Bloomberg. Employers don’t expect to offer UAE workers a pay bump this year.
Company Info
Arab Banker