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Middle East Edition
15th April 2026
 
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THE HOT STORY

PwC plans consulting overhaul

PwC plans to overhaul its global consulting business in a bid to eliminate the sometimes disjointed service when its national firms work together, which bosses view as a competitive disadvantage. The firm aims to standardise offerings and enhance shared technology platforms, with a focus on using staff from lower-cost locations such as India. The Big Four's consulting groups operate as networks of locally owned partnerships, serving under the broader international organisation. This can make serving multinational clients complicated.
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WORKFORCE

Rachel Reeves tells Gulf expats: come to ‘safe harbour’ Britain

UK finance minister Rachel Reeves is attempting to woo wealthy expats from Gulf countries to come to Britain, touting the nation as a safe haven amid the Iran war. 

World Bank chief sounds alarm on looming jobs crisis

World Bank President Ajay Banga has raised ​the alarm about a substantive shortfall in jobs for the 1.2bn people who will reach working age in developing ‌countries in the next 10 to 15 years. At current trajectories, such economies will generate only about 400m jobs, leaving a deficit of 800 million jobs, Banga told Reuters. He said his discussions with officials in developing countries showed their interest in creating more, and better, jobs for the next generation.
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HIRING

GCC hiring grows 1% in Q1, but regional conflict hits activity in March

Geopolitical uncertainty significantly impacted business confidence in the Gulf region during the first quarter of 2026, following the military conflict involving the US, Israel, and Iran. Despite a 1% growth in hiring across the Gulf, recruitment faced challenges in March due to the war. Dr Trefor Murphy, founder and CEO of Cooper Fitch, noted that while the UAE and Saudi Arabia saw slight increases, Qatar's job market shrank by 1%. The human resources sector performed well, growing by 9%, driven by demand for leadership and talent management roles.

Employment exhibition in Al Buraimi

The 6th edition of the employment exhibition 'Furas' launched on Sunday at the University of Buraimi. Over 30 government and private sector entities participated in the three-day event, which was organised by the University of Buraimi in collaboration with the Al Buraimi Governor's Office and the Ministry of Labour. The exhibition aimed to create job and training opportunities for job-seekers, enhance partnerships between academic institutions and the labour market, and support national talents. It offered more than 100 job openings and over 290 training opportunities, reflecting the governorate's commitment to vocational training.
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ECONOMY

UN: Iran war could plunge 32m into poverty

The United Nations Development Programme (UNDP) warns that over 32m people could fall into poverty due to the economic fallout from the ongoing conflict in Iran. The UNDP's report highlights a "triple shock" of rising energy and food costs alongside weakened economic growth. Alexander De Croo, UNDP administrator, said: "A conflict like this is development in reverse." The report calls for targeted cash transfers to support vulnerable households, estimating a cost of $6bn to mitigate the impacts. The poorest nations face the greatest challenges, with aid cuts by wealthier countries exacerbating the situation.
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RISK

Xi says world order is ‘crumbling Into disarray’

Chinese President Xi Jinping told Spanish Prime Minister Pedro Sánchez on Tuesday in Beijing that the international order is "crumbling into disarray." Bloomberg notes that Xi used a Chinese phrase indicating not only chaos but also moral decay. Spain is one of China’s closest friends in Europe. “Both China and Spain are nations of principle and integrity,” Xi said, adding that the two sides should “enhance communication, consolidate mutual trust, and cooperate closely to resist any regression toward the law of the jungle.”
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INTERNATIONAL

Auditors still stuck with manual inventory counts despite AI advances

Accountants are increasingly adopting artificial intelligence (AI), drones, and automation, but one of the most unpleasant parts of auditing - physically counting inventory - remains largely manual, requiring auditors to endure harsh, messy, and sometimes dangerous conditions. From climbing grain bins and wading through fertilizer to counting livestock, frozen goods, or construction materials, auditors - often junior staff - must still verify inventory in person due to regulatory requirements and technological limitations. While tools like drones and AI are improving efficiency in some areas, they struggle with obstacles such as indoor environments, hidden items, or extreme conditions, and auditing standards still mandate human verification. As a result, despite hopes that advancing technology will eventually replace these tasks, inventory counting continues to be widely viewed within the profession as the most grueling and outdated aspect of auditing.

Australian union's new push for four-day work week

The United Service Union, which represents 25,000 council workers in New South Wales, has proposed a four-day work week and increased flexible work-from-home options due to rising fuel costs. The union has filed an application with the Industrial Relations Commission, seeking emergency measures to alleviate financial strain on workers, who are reportedly spending an extra A$50-A$100 weekly on fuel. Daniel Papps, head of legal at USU, said: “Our members are telling us that the fuel crisis is really starting to bite.”

Brazil to release $1.37bn from severance fund for 10 million workers

Brazil's government is set to release 7bn reais ($1.37bn) from the workers' severance fund (FGTS) to assist approximately 10 million workers, O Globo has reported. Labour Minister Luiz Marinho said the initiative is part of a broader strategy to alleviate household debt. Employees ​can access the FGTS severance fund ​in certain ⁠circumstances, such as buying a home, loss of employment or serious health problems. 

Hyundai Motor revolutionises the factory floor in its Singapore hub

Hyundai Motor Group Innovation Center Singapore (HMGICS) is transforming manufacturing with autonomous robots and AI. Launched in 2023, the centre integrates robotics into production systems, enhancing logistics efficiency and reducing lead times by over 50%. Hyundai reported 68% logistics automation and 67% manufacturing automation, significantly surpassing traditional facilities. The company said: "These gains translate into enhanced productivity, improved operational stability and greater responsiveness to production changes." HMGICS employs over 200 robots, including Boston Dynamics' Spot, to support human workers by handling repetitive tasks while optimising operations and reducing waste.
 
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