Over 50 per cent of UAE industry companies have said they are suffering a skills shortage in one or more key areas and over 90 per cent highlighted they are struggling to find the right candidates to fill those gaps.
That's according to the latest UAE Skills Gap Survey, published by the Institute of Engineering and Technology (IET)
In an exclusive interview with Dubai Eye 103.8's Business Breakfast the President of the IET, Julian Young, shared the findings of the report, which surveyed engineers or those working at a senior decision-making level within organisations that employ engineers.
Young said the situation is not unique to the UAE.
He went on to say there is no quick fix.
Young added that as the UAE moves towards a post-oil economy, the skills required are going to continue to evolve.
He underlined that as the economy diversifies, it's essential companies look to local talent.
US President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104 per cent duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.
South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of US President Donald Trump's tariffs on a sector that has seen years of sharply rising exports to the United States.
A global trade war touched off by US President Donald Trump's sweeping tariffs escalated further on Monday, as Trump threatened to increase duties on China and the European Union proposed counter-tariffs of its own.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has held talks with his counterparts from Azerbaijan and Cyprus in Abu Dhabi.
More than 1,600 energy suppliers from around the world have gathered for a three-day showcase of the latest innovations and technologies at Middle East Energy 2025, running until April 9 at the Dubai World Trade Centre.