Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman economy, personal finances have improved, says survey  Join our daily free Newsletter

MENAFN - Muscat Daily - 14/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) A recent survey shows that a large number of people in Oman are happy with the country's economic growth and expect the buoyancy to sustain in the future. The latest Bayt.com Middle East and North Africa Consumer Confidence Index Survey conducted by Bayt.com and YouGov says that a majority are also happy with the career growth opportunities that they have.


According to the survey, 67 per cent respondents from Oman expected their personal financial situation to improve in the next six months. As many as 35 per cent reported that they have already seen their financial situation improve over the past six months and only 11 per cent said that they had seen a decline in their personal fortunes.


Fifty one per cent felt the sultanate's economy has grown in the past six months and 71 per cent expected the economy to perform even better in the coming 12 months.


Regarding availability of jobs, 47 per cent of respondents said there were 'plenty' available, while 37 per cent said the next six months would see a further improvement in the number of job openings. Nearly five in ten respondents from Oman (46 per cent) expected to have more colleagues at their workplace in the coming six months.


Oman respondents were also described as 'content with the career growth opportunities' (61 per cent), non-monetary benefits (50 per cent), and level of job security (54 per cent) in their current position, and 42 per cent reported being happy with their salaries and allowances.


 


''Despite a regional consensus on a proportional rise in the cost of living, positive sentiment across the region, particularly in GCC countries and more recently among North African states, can be seen, said Suhail al Masri, vice president of sales, Bayt.com.


 


Suhail Shaikh, director, YouGov stated, although some countries in the region, such as those in GCC, are more likely to see further economic buoyancy, the rising cost of living will be a major hurdle for others in the MENA region. ''People are more likely to feel the financial burden as their economies battle against the socio-political uncertainties.''


 


 


THE SURVEY


The survey was conducted online from February 9 to 24 and had a total of 6,728 adult respondents from Oman, UAE, Saudi Arabia, Kuwait, Qatar, Bahrain, Lebanon, Syria, Jordan, Egypt, Morocco, Algeria and Tunisia.


 


Positives


58% believe that Oman's economy will improve further in the  next six months


47% believe that there are plenty of jobs in Oman and 37% believe that more opportunities will come up in the coming six months


49% respondents say their companies had been hiring in the past six months


44% respondents considering buying a vehicle in the next 12 months


40% plan to invest in property in the next 12 months


 


Negative 


71 per cent expect the cost of living in the country to rise over the next one year<

 






  MENA News Headlines
 Jul 31 2014 - Air Algerie's plane crashesMENAFN
(MENAFN) A senior official said that the Air Algerie flight that crashed in Mali last week appears to have plummeted to the ground from an altitude of 10,000 meters in just a few minutes after flying ...

 Jul 31 2014 - Dubai's Damac eyes listing shares in Dubai bourseMENAFN
(MENAFN) Dubai luxury property developer Damac is trying to attract investors to invest in converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that ...

 Jul 31 2014 - 'Nearly 100 casualties' in Xinjiang violenceArab News
(MENAFN - Arab News) IJING: A clash in Xinjiang home to China's mostly Muslim Uighur minority left nearly 100 people dead or wounded an exile group said Wednesday after what authorities called a ...

 Jul 31 2014 - Aquino seeks to quash rumors of military coupArab News
(MENAFN - Arab News) NILA: Philippine President Benigno Aquino sought Wednesday to quash rumors that a coup is being plotted against him with his spokesman insisting he had the military's full ...

 Jul 31 2014 - Kerry in New Delhi to reboot ties with ModiArab News
(MENAFN - Arab News) W DELHI: US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi forecasting a transformation in Washington's ...

 Jul 31 2014 - UK bankers' bonus: Tough rules on wayArab News
(MENAFN - Arab News) NDON: British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness the Bank of England ...

 Jul 31 2014 - Amazon to invest 2bn to expand in IndiaArab News
(MENAFN - Arab News) MBAI: The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.Amazon.com Inc. said it will invest ...

 Jul 31 2014 - Mobily Wajid offers free lines to family membersArab News
(MENAFN - Arab News) Bily continues to provide its extraordinary offer to the new subscribers of Wajid that provides discounts and privileges to all family members.The new Wajid Extra and Plus ...

 Jul 31 2014 - Wife of BIS official dies in road crashArab News
(MENAFN - Arab News) E wife of a member of the governing board at the Bangladesh International School (BIS) in Jeddah was killed in a road accident on Tuesday the second day of Eid Al-Fitr.Nasima ...

 Jul 31 2014 - Indian Eid program toned down in solidarity with GazansArab News
(MENAFN - Arab News) Extensive yearly Indian community Eid program was reduced to a simple get-together ceremony on Monday night in solidarity with the victims of Gaza.Indian expatriates condemned ...

more...


 






Google

menafn.com

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help