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graftonstreetgulf
Joined: 15 Nov 2006
Posts: 25
Location: South America
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 Posted: Tue Dec 19, 2006 3:09 pm Post subject: Pay & Inflation |
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"With Gulf currencies pegged to the US dollar, the weakness of the US currency has sharply reduced the attractiveness of Gulf salaries in Euro and Sterling terms..."
Key highlights include: Rents in Dubai and Doha have risen much faster than salaries.
Saving rates in the UAE are now the lowest in the region, with 43% of expatriates reporting no savings.
Saudi Arabia has the lowest cost of living in the region, with housing rents less than half of the UAE.
Spiralling living costs in the UAE fail to deter inflow of expats, with Dubai still the most popular destination in the Gulf.
http://www.gulftalent.com/home/hr-article22.html |
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Bindair Dundat
Joined: 04 Feb 2003
Posts: 1123
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| Posted: Tue Dec 19, 2006 3:44 pm Post subject: Re: Pay & Inflation |
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| graftonstreetgulf wrote: |
| "With Gulf currencies pegged to the US dollar, the weakness of the US currency has sharply reduced the attractiveness of Gulf salaries in Euro and Sterling terms..." |
Yeah, we know, we heard this same story two years ago. Fortunately. some of us don't have to care about "Euro and Sterling terms". |
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graftonstreetgulf
Joined: 15 Nov 2006
Posts: 25
Location: South America
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| Posted: Tue Dec 19, 2006 3:50 pm Post subject: |
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Sure.Didn't you used to work at the Uni??
Last edited by graftonstreetgulf on Tue Mar 27, 2007 11:52 am; edited 2 times in total |
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Bindair Dundat
Joined: 04 Feb 2003
Posts: 1123
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| Posted: Wed Dec 20, 2006 4:52 am Post subject: |
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| graftonstreetgulf wrote: |
| Sure.Didn't you used to work at QAC/QP?? |
No, never.
| Quote: |
| You were as obnoxious then. |
No, I've actually gotten more obnoxious in the past two years. Credit where credit is due, sir. |
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