Welcome to theDubai IFC Recruitment site. IFC Recruitment is the dedicated job board serving the offshore and international finance community, giving you up to the minute information on the very latest jobs available.
If you are looking to start a new career or just looking for a change of scene, find your perfect job by searching the latest vacancies within your sector. Simply click on the drop down links on the left hand side of this page and search by geographic region, salary band or job title.
Opportunities are available in Europe, The Caribbean & The Far East.
Is Dubai right for you?
Dubai can either refer to one of the seven emirates that constitute the United Arab Emirates (UAE) in the eastern Arabian Peninsula, or that emirate's main city, sometimes called "Dubai city" to distinguish it from the emirate.
The modern emirate of Dubai was created with the formation of the United Arab Emirates in 1971. However, written accounts documenting the existence of the city have existed at least 150 years prior to the formation of the UAE.
Population
Dubai has a population of approximately 1.2 million.
Political Structure
With Abu Dhabi, it is one of only two emirates to possess veto power over critical matters of national importance in the UAE. Dubai has been ruled by the Al Maktoum dynasty since 1833. The emirates' current ruler, Mohammed bin Rashid Al Maktoum, is also the Prime Minister and Vice President of the UAE.
Infrastructure and Economy
Dubai's gross domestic product as of 2006 was US$46 billion. Although Dubai's economy was built on the back of the oil industry, revenues from oil and natural gas currently account for less than 6% of the emirate's revenues. It is estimated that Dubai produces 240,000 barrels of oil a day and substantial quantities of gas from offshore fields. The emirate's share in UAE's gas revenues is about 2%. Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years.
Dubai is an important tourist destination and its port, Jebel Ali, constructed in the 1970s, has the largest man-made harbor in the world. Dubai is also increasingly developing as a hub for service industries such as IT and finance, with the establishment of a new Dubai International Financial Centre. The government has set up industry-specific free zones throughout the city.
The Dubai Financial Market was established in March 2000 as a secondary market for trading securities and bonds, both local and foreign. As of Q4 2006, its trading volume stood at about 400 billion shares worth US$ 95 billion.
Language
Although Arabic is the official language of Dubai, Persian, Malayalam, English, Hindi, Urdu, Bengali, and Tagalog are widely spoken.
Currency
Legal tender in Dubai is the UAE dirham (AED or Dh).
Exchange Control
There are no exchange controls in Dubai.
Law
Based on a dual system of Shari'a and civil courts. Dubai have not accepted compulsory ICJ jurisdiction.
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Disclaimer
The materials contained on this web page are provided for general information only and do not constitute any form of legal definition or advice. IFC Recruitment assumes no responsibility for the accuracy of any particular statement and accepts no liability for any loss or damage which may arise from reliance on the information contained on this site.
References
1. Wikipedia profile: Dubai
2. CIA World Factbook entry: Dubai
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