Breaking news

Stakeholders To Address Employment Of Foreign Workers In Cyprus

In a pivotal meeting today, the Ministry of Labour in Cyprus convenes the inaugural session of the advisory tripartite committee to discuss the employment of foreign workers. This committee, chaired by Labour Minister Yiannis Panayiotou, will review data on work visa applications and address aspects of a three-point agreement established in April.

Key Issues on the Agenda

Trade unions are expected to raise concerns about the recent agreement with Egypt regarding Egyptian workers, citing a lack of consultation. Additionally, unions are advocating for a revision of the current foreign worker licensing strategy, which they argue lacks transparency due to the disbanding of advisory technical committees that previously reviewed foreign work permit applications.

Focus on Collaboration and Worker Welfare

The meeting will also address a memorandum of understanding (MoU) that aims to:

  • Enhance collaboration between social partners through a central advisory tripartite committee.
  • Improve living conditions for foreign workers by setting housing standards and monitoring compliance.
  • Update the existing strategy for employing third-country nationals to ensure a mutually agreed-upon framework.

This initiative underscores the Ministry of Labour’s commitment to addressing the needs and welfare of foreign workers while ensuring that the domestic labour market operates efficiently and transparently. As Cyprus continues to navigate the complexities of its labour market, this meeting marks a significant step towards more effective and equitable employment practices for foreign workers.

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.

Uri Levine Course

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter