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<

 


Muscat Daily




  MENA News Headlines
 Oct 31 2014 - Saudi Arabia's Sedco Capital eyes $300m Europe real estate dealThe Peninsula
(MENAFN - The Peninsula)  Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg ...

 Oct 31 2014 - Qatar Exchange index falls on heavy sell-offThe Peninsula
(MENAFN - The Peninsula)  Qatari stocks plunged on heavy profit-taking yesterday, a day after Federal Reserve announced its decision to wound up its over five-year-long quantitative easing stimulus ...

 Oct 31 2014 - Kuwait prioritizes protection of human rights - EnvoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The State of Kuwait on Thursday reaffirmed respect for human rights out of belief in their crucial role in the achievement of sustainable development.The Kuwaiti ...

 Oct 31 2014 - Kuwait welcomes Sweden's recognition of Palestinian statehoodKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Kuwait welcomes Sweden's decision to recognize Palestine as an independent state, a senior Foreign Ministry source said on Thursday.The decision comes in line ...

 Oct 31 2014 - Ban condemns Sudan hostilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  UN Secretary General Ban Ki-moon strongly condemned the resumption of hostilities between the Sudan People's Liberation Army (SPLA) and Opposition forces in ...

 Oct 31 2014 - US, Israeli officials discuss ISIL, IranKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Senior US officials working on the Obama Administration's counterterrorism strategy met with their Israeli counterparts on Thursday for the semi-annual meeting ...

 Oct 31 2014 - Kuwaiti Speaker condemns Israeli closing of Aqsa MosqueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  We condemn the unjustly Israeli act of closing the Holy Aqsa Mosque in the face of worshippers, Kuwait's National Assembly Speaker and Chairman of the Arab ...

 Oct 31 2014 - S. Korean Pres. calls for more economic ties with Saudi ArabiaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  South Korean President Park Geun-hye on Friday called for expanding economic ties with Saudi Arabia, saying the two countries should seek exchanges in new areas ...

 Oct 31 2014 - EU condemns ISIL atrocities in IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The EU Friday expressed condolences to the families of the tribesmen who were killed in recent ISIL atrocities in the Anbar province, as well as to the families ...

 Oct 31 2014 - OPEC basket price down by 45 cents to USD 82.79 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))   OPEC daily basket price stood at USD 82.79 a barrel Thursday compared with USD 83.24 the previous day, the cartel said on Friday.The annual rate of the OPEC ...

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

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