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
 Sep 18 2014 - UAE- DED and DQG host Share Best Practice ConferenceKhaleej Times
(MENAFN - Khaleej Times) The Department of Economic Development (DED) and Dubai Quality Group on Wednesday hosted the 'Share Best Practice Conference and Exhibition 2014' with an aim to share the ...

 Sep 18 2014 - UAE- Dolphin Energy achieves 5 trillion SCF output milestoneKhaleej Times
(MENAFN - Khaleej Times) The Dolphin Project involves the production and processing of natural gas from Qatar's North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to ...

 Sep 18 2014 - Acer unveils new line-up, eyes increased market share in UAEKhaleej Times
(MENAFN - Khaleej Times) Acer unveiled its new line-up of touch-based products portfolio at its first-ever annual showcase in Dubai on Wednesday.The Taiwanese company, which is No.1 for the last 16 ...

 Sep 18 2014 - Qatar- HH the Emir Sends Congratulations to President of ChileQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Thursday a cable of congratulations to President of the Republic of Chile Michelle Bachelet on the occasion of the anniversary of her ...

 Sep 18 2014 - Qatar- HE Premier Sends Congratulations to President of ChileQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani sent Thursday a cable of congratulations to President of the Republic of Chile Michelle ...

 Sep 18 2014 - President Rouhani Condemns Massacre of Innocent People by ISIS ElementsQatar News Agency
(MENAFN - QNA) Iranian President Hassan Rouhani has condemned the killing of innocent people by terrorist groups. He made the remarks in an exclusive interview with the NBC News Network in Tehran ...

 Sep 18 2014 - FBI: ISIS May Take More Hostages in Order to Force US ConcessionsQatar News Agency
(MENAFN - QNA) US Federal Bureau of Investigation (FBI) Director James Comey said in written testimony to Congress Wednesday that Americans within reach of the Islamic State of Iraq and Syria (ISIS) ...

 Sep 18 2014 - WHO Investigates Children Deaths after Measles Vaccination in SyrianQatar News Agency
(MENAFN - QNA) The World Health Organization (WHO) and UN Children's Fund (UNICEF) have initiated the investigation into the death of 15 children in Syria who were vaccinated against measles, UNICEF ...

 Sep 18 2014 - UAE- 787-9 Dreamliner, A380 to boost Etihad's operationsKhaleej Times
(MENAFN - Khaleej Times) "The new jumbos will deliver new, industry-leading in-flight product," said James Hogan, the chief executive of Etihad Airways, while speaking to more than 700 delegates from ...

 Sep 18 2014 - UAE- Komatsu awards Galadari for superior market shareKhaleej Times
(MENAFN - Khaleej Times) Hisashi Shinozuka, Director and Senior Executive Officer of Komatsu Ltd and President of Komatsu's Construction & Mining Equipment Division, presented the 'Best achievement ...

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