Kuwait, an Arab emirate in Western Asia, is bordered by Saudi Arabia and Iraq on the south and the north. Its name implies the meaning ‘fortress built near water’ as it is located on the shore of the Persian Gulf. The economy of Kuwait is hugely dependent on oil reserves and petroleum exports ranking fifth among the oil and petroleum rich countries of the world.
The economic market of Kuwait has proved resilient after the global downturn made an exit. The financial sector has witnesses a boom in post recession period following the path of recovery. Kuwait is an extremely rich country and is estimated to have 10% of the world oil reserves. Apart from oil and petroleum, other major industries of Kuwait include shipping, real estate, cement, desalination and financial services.
Financial industry includes services offered by both financial institutions and banking sector. This industry is involved in management of money and encompasses a broad range of organizations including banks, insurance companies, credit card companies, stock brokerages, consumer finance companies, investment funds and other government sponsored enterprises. The finance jobs in Kuwait are now growing with billion dollars of investment being made to bring it back to its boom position. As it is a wide industry, finance professionals get plenty of career options when looking for jobs in Middle East.
Finance jobs in Kuwait are available for professionals from all around the world and ask for highly skilled and well qualified candidates. The level of vacancies offered to expatriates covers all managerial, assistant and executive positions. Some of the jobs in finance in Kuwait include positions for auditing, accounting, finance, administration, etc. for directors, managers, executives, senior managers, officers, assistant managers, analysts and other levels.
The finance professionals are paid well in Kuwait that makes it a favorable career destination for many. Jobs in Middle East are especially popular all around the world for being well paying and offering comfortable lifestyles. It is an ideal destination for those looking for saving a fortune in a matter of few years as Kuwaiti employers pay attractive amounts of money that too tax-free. This means that whatever you earn is entirely for you to keep, you can save or spend it the way you want. Thus, high tax-free salaries offered for finance jobs in Kuwait have become a major puller for financial experts from outside the country.
It is always helpful to explore a place before moving and settling down in it. Middle East conspicuously lies in a different part of the world and is therefore, bound to follow different culture and lifestyle. So, you should perform a detailed research on the customs, religion, culture, laws and living standards of the new country. As you are familiar to the new society, you are able to adapt easily to them and their people. You should never wait for a surprise by going to the place uninformed as it may or may not be a pleasant one. You will feel welcomed and comfortable if you are aware of the place as it follows a different set of beliefs. For this, you may join online forums and communities that bring you closer to expatriates living there.
Being a member of expat community will help you get the true picture of the personal and professional environments in Kuwait. Even before taking up a job in Kuwait, you would know what to expect and what not. Make sure you have gone through the contract carefully and understood everything to avoid confusions in later stages. So, go grab your job in Kuwait and create a fortune!