Quotes: 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<

 


Muscat Daily




  MENA News Headlines
 Jul 28 2016 - Syrian Pres. offers amnesty to those who lay down armsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, July 28 (KUNA) -- Syrian President granted amnesty for those who lay down their weapons and turn themselves in to the authorities, said a news source ...

 Jul 28 2016 - France to form forces to protect citizensKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, July 28 (KUNA) -- French President Francois Hollande confirmed that a National Guard would be formed from existing reserve forces to better protect ...

 Jul 28 2016 - EU calls for pause in fighting in AleppoKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, July 28 (KUNA) -- The EU called Thursday for an immediate "humanitarian pause" in fighting in Aleppo in Syria to ensure medical evacuations and the ...

 Jul 28 2016 - PKK kills 2 Turkish policemen in Hakkari southeast regionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ISTANBUL, July 28, (KUNA) -- Two Turkish policemen were killed and 15 others were injured after a car bomb exploded in the southeast province of Hakkari, said a ...

 Jul 28 2016 - Syrian Pres. offers amnesty to those who lay down armsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, July 28 (KUNA) -- Syrian President granted amnesty for those who lay down their weapons and turn themselves in to the authorities, said a news source ...

 Jul 28 2016 - Kuwait- KSE ends Thursday trading with mix boardsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 28 (KUNA) -- The trading at Kuwait Stock Exchange (KSE) ended Thursday with the benchmark going down by 1.17 points, hitting 5,460.73 points. The ...

 Jul 28 2016 - Kuwait- KRCS launches food project for refugees in LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BEIRUT, July 28 (KUNA) -- Kuwait Red Crescent Society (KRCS), in cooperation with the Lebanese Red Cross, launched Thursday the 13th campaign to provide food for ...

 Jul 28 2016 - Kuwait- Al-Ghanim receives Acting chief of Audit Bureau, U.S. envoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 28 (KUNA) -- National Assembly Speaker Marzouq Al-Ghanim received, in his office Thursday, Acting chief of the Audit Bureau Adel Al-Sarawi. The ...

 Jul 28 2016 - France to form forces to protect citizensKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, July 28 (KUNA) -- French President Francois Hollande confirmed that a National Guard would be formed from existing reserve forces to better protect ...

 Jul 28 2016 - Sadafco solar power system sees the lightMENAFN
(MENAFN) Sadafco has given the go-ahead for its new photovoltaic-diesel hybrid system that delivers up to 40% of its Riyadh Regional Distribution Centre's daytime energy requirements.Saudia Dairy and ...

more...


 





Google

Easy Forex

 
 

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