Daily Business Wrap - Companies in the UAE cautious on hiring - video Dailymotion

Gulf News

Fewer than 3 per cent of privately-owned firms reported an increase in their staff levels during January. The focus remains on sustaining cost cuts, according to the Emirates NBD PMI data.

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00:00Hello and welcome to Galky's daily business wrap-up.

00:04Private businesses in the UAE are cautious in terms of new hire even as the focus remains

00:09on cost-cutting.

00:10This is according to Emirates NBD PMI index.

00:13However, index showed an improvement of 56.3 in January compared to 54 and this was basically

00:19due to the promotion scheme adopted by private companies.

00:23Alphabet, the parent company to Google, reported a slimmer profit margin in Q4 to December.

00:29Profit margin came in at 21% compared to 24% in the same period last year.

00:34Capital expenditure rose 80%.

00:37The expenditure rose by $6 billion.

00:40Shares fell about 2.4% because of the trading report.

00:45That's it from me and thanks for watching.

00:46For more, you can log on to gulfnews.com.

Daily Business Wrap - Companies in the UAE cautious on hiring

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