Job Scenario in Egypt: Banking Sector is the Current Favorite

By: mnknaukri


Egypt, a major power in North Africa, is a transcontinental country that is encircled by Mediterranean Sea, Gaza Strip, Israel, Red Sea, Sudan and Libya. It is one of the highly populated countries of Middle East and is famous for its ancient civilizations. It houses Giza pyramid complex and Great Sphinx, the most popular monuments of the world. The capital of Egypt is Cairo, the largest city of Middle East.

The economy of Egypt is one of the most developed and diversified economies in the Middle East. It is not merely concentrated on oil, petroleum or natural gas reserves but is composed of equal contribution from various sectors like tourism, agriculture, industry and service. Moreover, Egyptian economy is developing further due to:
(a) The legislation aimed at luring investments,
(b) Both internal and political stability and
(c) Recent trade and market liberalization.

Financial services and broking jobs in Egypt are the current favorites for both the job seekers and job givers. The financial sector is witnessing a boom with rapid development of the country and so, mass hiring for finance professionals is going on. Several plans have been developed for higher and faster growth of Egypt for which following is expected to be done:

1. Maintaining internally consistent macroeconomic policies.
Strengthening them by vigorous structural reforms as well as with the help of large-scale privatization programmes while growing private investments.

2. Increased foreign direct investment and foreign borrowing.
Fiscal stringency would lead to higher public sector saving as well as help increase the domestic or private saving.

These steps would add around a whopping 6 million jobs to the portfolio of Egyptian job markets. This fact clearly underlines that the numbers of jobs in Egypt are all set to grow in a huge manner. Especially, the finance and banking sector seem to promise plethora of options for foreign job seekers. One needs to be alert and a little careful about the resume and interview preparation before applying for jobs in Middle East.

Networking is always the best way of finding jobs in Gulf, UAE and Middle East regions. Word of mouth or references weigh much more for employers from these countries than just a job application from someone on their website. One can make contacts with expatriates living in these regions and expand their network.

For instance: One can join online forums and communities made of people living and working in Egypt. This will not only help in getting a job in Egypt but also serves as a source of reliable information. One can actually fetch a lot of info on culture, lifestyle, environment, recreation facilities, living standards or living costs in Egypt.

Online resources are a credible way of gaining knowledge about a country and its potential employers as expatriates are generally very helpful. Those who migrate alone or without family are always ready to make new friends and to offer help.
Another source that helps in searching for banking jobs in Middle East countries like Egypt are job portals. Online job listings from websites like naukrigulf.com also prove helpful in finding jobs for many potential expatriates.

Furthermore, one may apply for jobs in Egypt through newspapers carrying the ads for available vacancies or on company websites as they usually advertise their jobs on own sites also. Recruitment agencies or job consultants also offer another path to your dream job overseas.

With the strengthening of Egyptian economy, the scope for career opportunities has widened considerably. So, those looking for banking or finance jobs in Egypt stand a good chance of getting one in the current scenario.

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Deepika Bansal writes on behalf of NaukriGulf.com, a leading job portal for jobs in Gulf Region, Jobs in Egypt, Middle East jobs. Naukri.com's foray into the Middle East is an Endeavour to provide established client base with services that best meet their international requirements as well as expand our operations on to a global arena.

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