Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Riyadh, Jeddah "most affordable" for expats  Join our daily free Newsletter

MENAFN - Arab News - 06/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) Riyadh and Jeddah are two of the least expensive cities in the world when it comes to living costs, says a new report from the Economist Intelligence Unit (EIU)


The Worldwide Cost of Living is a biannual EIU survey that compares more than 400 individual prices across 160 products and services including food, drink, clothing, household supplies, home rents, transport, utility bills, private schools, domestic help and recreational costs


The EIU study said that Riyadh and Jeddah offer cheap cost of living in a more stable environment, with price controls on staples in Saudi Arabia continuing to guarantee low prices for many goods. Both cities were also rated as being good value for money when it came to buying other items like bread and cigarettes


The research found that petrol prices — a key component of the index — in Saudi Arabia had actually fallen in both cities from an average 0.24 per liter 10 years ago to just 0.13 now. This compared with an average of 1.73 per liter in Singapore, ranked as the world’s most expensive city


Singapore outstripped Tokyo as the world’s most expensive city for expatriates, with the EIU citing a strong Singaporean dollar, high price of utilities and cost of car ownership as among the factors contributing to Singapore taking the top spot


The report said while Asia is home to some of the world’s most expensive cities, it is also home to many of the world’s cheapest cities. The best value for money is in India, Pakistan, Bangladesh, Nepal and Sri Lanka


Mumbai is the cheapest location in the survey and three of the four cheapest cities surveyed are from Pakistan, India and Nepal


These cities are only joined by Damascus because of the unfolding crisis in Syria and its impact on exchange rates.


 


Arab News




  MENA News Headlines
 Dec 27 2014 - Saudi lifts up state spending to record in 2015MENAFN
(MENAFN) Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, The Peninsula Qatar reported.The government's decision is set to ...

 Dec 27 2014 - Flydubai logs record year in 2014MENAFN
(MENAFN) Flydubai said it had a record year in 2014, having launched 23 new routes and created a network of 89 destinations across the GCC, Europe, Africa and the Indian Subcontinent, Gulf News ...

 Dec 27 2014 - Saudi foreign trade to grow 5.5 percent in 2015MENAFN
(MENAFN) Saudi policies have been 100 percent successful as evidenced by the largest budget in the country's history for 2015, which envisages USD229 billion spending during the new year, Arab News ...

 Dec 27 2014 - UAE- Three arrested for stealing power cables worth Dh66 millionKhaleej Times
(MENAFN - Khaleej Times) Firms urged to guard construction sites with enough security staff Ras Al Khaimah: The Ras Al Khaimah (RAK) Police have arrested three Asian men for their involvement in ...

 Dec 27 2014 - Qatar A team clinches 16th GCC Volleyball Championship titleThe Peninsula
(MENAFN - The Peninsula) The winning Qatar A team's players pose for a group photo along with the officials after defeating Bahrain A team in the final of 16th GCC Beach Volleyball Championship at ...

 Dec 27 2014 - Bahrain- Anti-govt protestThe Peninsula
(MENAFN - The Peninsula) Shia protesters in Bahrain hold up national flag as they take part in an anti-government demonstration in the village of Jannusan, west of capital Manama, yesterday. The ...

 Dec 27 2014 - Jordan denies IS shot down its warplaneThe Peninsula
(MENAFN - The Peninsula) Jordan's military yesterday denied claims by the Islamic State group to have shot down one of its warplanes which crashed in Syria, after the pilot was captured by the ...

 Dec 27 2014 - Yemen- Protest in Sana'aThe Peninsula
(MENAFN - The Peninsula) People demonstrate against the deployment of armed militia of the Shia Houthi movement in Sana'a yesterday. ...

 Dec 27 2014 - Qatar- Gold loses sheen, to end 2014 on flat noteThe Peninsula
(MENAFN - The Peninsula) Gold has lost its sheen this year and is all set to end 2014 on a flat note, leaving investors disappointed. Prices are hovering around the same level seen at the beginning ...

 Dec 27 2014 - Qatar to host 19th meeting of GCC Environment MinistersThe Peninsula
(MENAFN - The Peninsula) Qatar has taken part in the 18th session of GCC ministers in charge of the environment in Kuwait.The Minister of Environment H E Ahmed Amer Mohamed Al Humaidi led Qatar's ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help