Reuters to hire 100 in Middle East

Reuters to hire 100 in Mideast. (GETTY IMAGES)

Thomson Reuters will continue investing in this region and plans to increase its staff by more than 100 this year, its chief executive of Markets Division told Emirates Business.

The company, that saw around 11 per cent growth in revenues in this region last year, expects to grow faster in 2010.

"We are doing a lot here, launching a new series of product and content. We are making local and global investments. Last year, we added 100 people and this year we would add probably another 100," said Devin Wenig.

He said the Middle East, though not its largest market, is a very important one for the company.

Thomson Reuters recently launched its next generation Islamic Finance Gateway, a platform and directory providing details on Islamic finance and professionals. Wenig said the market is competitive and professionals' requirement of right information was on the rise.

"Competition is very healthy; that comes with a territory when you have big business, you have competitors. We have been in this market for a long time. We have excellent talent, we are hiring more. "

The chief executive said markets in the Middle East countries were clearly maturing and growing more sophisticated.


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