ninavu online magazine from CET Alumni in UAE

Globalization leading to unpredictable financial situations….
New generation financial institutions creating an over financed society……
Over produced goods finding out of tune with realistic market demands….
Over confident economies making imaginative predictions on global consumptions……
Chaos across the world leading to low confidence level

When the goods are not consumed, manufacturing companies are affected. Then they need less
production time, less man hours. The unemployed population increases causing pressure in the
market. Investors stop spending on projects. Employees feel the heat; fear of job loses makes them
spend less…. Stocks fall…. No new investments…. Projects shelved…. Delayed….

Recession
The word "Recession" has been relatively unknown to us until recently. But now, everybody is
talking about it. Everybody fears the dreaded word and its after effects.

Less consumption, less production, less jobs…. The effects are interlinked and mutually facilitating
each other.

But we have to face it.

We as part of a larger community with members placed strategically in all walks of business and
social strata have a distinctive advantage. We are capable of supporting each other. And ourselves..

Effects in UAE
Even though the sharp oil price drop eventually might have an
adverse effect on the economic growth, the real problem of
the crisis is affected in the core sectors of property, real
estates and the automobile sector.

Not many new major projects are announced. Some of the
existing projects are being shelved or delayed, as per reports.
It is clear that the expatriate community will be the first those
who feel the heat and we have been receiving news about our
fellow mates losing jobs on a daily basis which is really an
exposure of the unfortunate situation prevailing in the region.

But on the other hand, especially the regional government of
Dubai has come up with solid plans for spending on various
new projects; mainly on infrastructure, which is a positive
sign. The largest budget in the history of UAE is a sign of
more spending which can make some cheer on the face of the
investors. Dubai Government launched a bond program of 20
billion U.S. dollars to press ahead with its development plans.

Our Support to the members….

Being a big group of professionals with wide ranges of
experiences and with high level of energies, this is the real time to
help and support each other. It is good to see the alumni getting
more organized day by day, which creates more space for the
members to make it a good professional community.
Sharing experiences, technical knowledge, professional ideas etc.
are more relevant at this juncture. It is nice to understand that the
members are more aware and active to see the role of CETA as
a professional organization in their daily life. The role of the
placement cell has got special attention where each member has
his commitment to support the family members.

What to do in case any one is forced to face the unfortunate
event of losing job:
Contact placement cell of CETA and forward your updated CV.
The CV will be circulated in our group mail as well as KERA
groups.

In case you receive any call for interview, do please check if any
of the CETA members are employed in that particular firm. By
talking to them, you would be able to have a better idea about the
company and its area of operations. This would definitely help
you in preparing for the interview.

And once you are appointed, please don't forget to inform us so
that we could remove your CV from further circulation. This
would also enable us to give due credit for those who facilitated
you appointment.