RSS and ATOM Feed Boosting Engine

In the current economic downturn there is an undeniable pressure to decrease headcount, support costs and office expenses. At the same time companies must focus on attracting and retaining high caliber talent from the global marketplace.

Approximately 30 trillion US dollars in global wealth evaporated during 2008. GCC investors were not excluded from the fray. The prevailing sentiment of the past decade was that the region’s oil resources would keep the GCC economies on an unperturbed expansion. Ultimately what has happened, the plunging economies have led to an abrupt drop in demand.

The GCC economies had been impervious to the global credit crisis for the better part of 12 months. While many people believed that the Middle East’s oil wealth would protect their economies from the crisis, these expectations have proved baseless. The falling equity values impaired sovereign wealth funds and lack of access to credit derailed numerous grandiose property development plans leaving s...