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

Expats in Middle East show higher levels of satisfaction  Join our daily free Newsletter

MENAFN - Khaleej Times - 13/10/2012

No. of Ratings : 0
Add to Mixx!


More expatriates in the Middle East have reported being better off financially with higher disposable income compared with only 52 per cent of expats globally.
(MENAFN - Khaleej Times) Expats in the Middle East show higher levels of satisfaction in the state of their economy, according to HSBC's Expat Explorer survey released recently.

In Oman, 90 per cent of expats are satisfied; Qatar, 89 per cent; Saudi Arabia, 83 per cent; UAE, 77 per cent and Kuwait 68 per cent compared to expats globally at 59 per cent.

Many have reported being better off financially. Roughly two-thirds of expats in Qatar (67 per cent), Bahrain (66 per cent), and Oman (65 per cent) have reported higher disposable income since relocating to their current country, compared with only 52 per cent of expats globally.

However, despite the positive outlook, many expats are actively looking to leave the region. "Roughly one third of expats in Saudi Arabia (34 per cent), Qatar (30 per cent) and Oman (29 per cent) are actively looking to leave their current country for either another posting or to return to their home country, compared to just over one in ten (13 per cent) globally, the bank's survey showed.

Singapore is home to the largest proportion of wealthy expatriates of any country and is the choice place to be in the region if expats are seeking to become wealthier, said the survey released on Monday.

More than half (54 per cent) of Singapore-based expats who took part in the survey earn more than 200,000 in annual income, compared to a global survey average of seven per cent.

Last year, Singapore was ranked third when it came to expat income, behind Saudi Arabia and Egypt.

Following closely behind Singapore in this year's rankings are Bermuda (2nd), Thailand (3rd) and Hong Kong (4th).

The survey also found that 80 per cent of expats here saw an increase in their disposable income since relocating to Singapore.

Around half of the expats surveyed here reported an increase of 50 per cent or more in their disposable income, compared to the global average of 19 per cent.

This trend for increased earnings, however, was not unique to Singapore.

Expats in Hong Kong (79 per cent), Malaysia (72 per cent) and China (69 per cent) also benefited from an increase in disposable income since moving from their home countries.

A large proportion of expats in Singapore moved here for financial rewards (72 per cent) and better job prospects (70 per cent), though 74 per cent were willing to consider moving elsewhere in the future.

The survey also found that Singapore was a desirable place to live among expats, ranking fourth globally, behind the Cayman Islands, Thailand and Spain.

The majority of expats here (76 per cent) are experiencing a better quality of life since relocation, close to half (48 per cent) are enjoying higher standards of accommodation and more than half (57 per cent) are commuting with greater ease.

However, despite the strong financial returns and good quality of life in Singapore, the survey found that expats living here generally found it difficult to integrate into the local community.

Only 19 per cent strongly agreed that they have integrated well with the local community, a trend seen similarly across other cities in Asia.

Twenty five per cent of expats in Malaysia, 14 per cent in Thailand and 11 per cent in Hong Kong, strongly agreed that they had integrated well, all much lower in comparison to many English-speaking countries such as Canada (44 per cent), Australia (43 per cent) and the United Kingdom (41 per cent).


  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014'Piles and piles' of bodies in S. Sudan ,Arab News
(MENAFN - Arab News) Nairobi: gunmen who targeted both children and the elderly left 'piles and piles" of bodies — many of those in a mosque — in a provincial capital in south sudan the un's top ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Gitex Shopper Spring 2014 to open doors today ,Khaleej Times
(MENAFN - Khaleej Times) Gitex shopper spring 2014 is set to open doors today with best bargains on latest tech products along with millions of dirhams worth of prizes during the four-day ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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