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Ice Cream, Holidays And Hotels Cost More In June

The prices of “summer” products specifically ice creams, package holidays and hotels went up in June, compared to the previous month, according to data released by the Cyprus Consumers Association, based on the Consumer Price Index.

According to the data, the price of organised domestic holidays has increased by 11.8%. At the same time, ice creams are 8.07% more expensive, while hotels’ prices have also increased by 7.76% compared to May.

Compared to May 2024, an increase was also recorded in the price of dried, salted and smoked meat by 5.09%, yoghurt by 3.75%, food processing equipment by 3.5% and fresh fruit by 3.44%.

On the contrary, compared to May, in June the price of sewerage services decreased by 10.4%, the price of subscription to TV stations dropped by 10.06%, while the price of fresh vegetables, excluding potatoes and other bulbs, decreased by 9.12% and vegetables by 7.07%.

Compared to June 2023, in June 2024 the price of olive oil continued to register a large increase by 63.09%, passenger transport went down by 16.54%, fresh fruit by 15.42% and fruit by 12.87%.

A significant decrease, compared to last year, was recorded in the price of sugar, by 20.44% in June 2024. Garden furniture is also cheaper this June by 13.72%, while the price of butter decreased by 10.42%. 

UAE Job Trends For 2025: High-Demand And Lucrative Roles Revealed

The UAE’s flourishing asset management sector, bolstered by rising investor interest, regulatory advancements, and a surge in Family Offices and Ultra High Net Worth Individuals (UHNWIs), is driving demand for banking and finance talent.

Roles in fundraising and institutional sales are particularly sought after, with professionals in these fields highly valued for their regional networks and industry expertise, according to Michael Page’s UAE 2025 Salary Guides. The comprehensive report, which includes insights from 17 industries, offers an overview of current hiring trends, salary benchmarks, and the recruitment challenges businesses face.

Banking And Finance In High Demand

The report highlights a significant need for compliance professionals, especially those with experience in Dubai Financial Services Authority (DFSA) and Financial Services Regulatory Authority (FSRA) regulations. Chief Compliance Officers and Money Laundering Reporting Officers (MLROs) are among the most lucrative roles in the sector. Jon Ede, Regional Director UAE at Michael Page, pointed out that in 2024, the UAE’s workforce grew by 9%, and the number of new companies increased by 14.5%, showing the success of the nation’s strategic initiatives.

Sales, Marketing, And IT Growth

The sales and marketing sector has seen steady growth, especially in B2B industries like technology, real estate, energy, and logistics. Roles such as Business Development Manager, Chief Commercial Officer, and Strategic Sales Director are in demand, with a premium placed on business development, key account management, and communication skills.

The IT sector, meanwhile, continues to evolve rapidly, with high demand for positions like Head of Software Development, Full-Stack Software Engineer, Agile Product Manager, Senior DevOps Engineer, and Digital Adoption Specialist. The report underscores the significant shift in the UAE talent market for digital professionals in recent years.

Navigating The Skills Shortage

The study also highlights the growing skills shortage, with businesses grappling to find candidates with the right expertise. A staggering 37% of business leaders reported challenges in finding skilled talent, while nearly a third (30%) struggled with employee retention. Nearly half (48%) of employers also cited aligning salary expectations with candidates as a key obstacle.

Ede suggests that businesses can overcome these challenges by offering competitive packages that include benefits, career development opportunities, and workplace incentives, positioning themselves as attractive employers in the competitive UAE job market.

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