Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Survey shows favorable forecasts for Kuwait CCI in ''13  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 05/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Kuwait News Agency (KUNA)) A recent economic survey showed "optimism" about the consumer confidence index (CCI) in Kuwait next year compared with 2011 and 2012.

The study - jointly conducted by Bayt.com job site and YouGov Definitive Insights - attracted respondents from Kuwait, Middle East and North Africa. 49 percent of the sample opined that the year 2013 will be better than 2011 and 2012 in terms of personal financial and job conditions and 50 percent believed that more jobs will be created.

Comparatively, 39 percent anticipated that inflation and cost of living will edge up next year, and 36 percent predicted property prices to surge next year, according to the survey.

As for Kuwait, every seven out of ten Kuwaiti respondents said their current financial conditions either saw no change or improved last year, while 38 percent were in the belief that the Kuwaiti economy remained unchanged, it indicated.

The majority of respondents said it is now a neutral or bad time to purchase, as 45 percent thought that work conditions are "neutral" and 81 percent said there are either "not many or very few" jobs for the time being, the study said.

Seventy-one percent noted their pays could not meet costs of living in Kuwait, and 63 percent said the number of employees in their companies either remained unchanged or dropped, it added. Forty percent expected the costs of living and property prices to be high in Kuwait over the next 12 months, while 28 percent said they could buy cars in the same period and 33 percent will buy new cars.

As many respondents showed optimism about a more positive year, six out of 10 participants predicted their personal financial conditions to improve, while 43 percent believed that the Kuwaiti economy will do better, with the majority of respondents being upbeat about better job conditions.
The study also expected computers, laptops, furniture and TV sets to be highly demanded respectively next year.

As many as 10,000 people aged over 18 years were involved in the survey, which was conducted via Internet between September 30 and October 14, 2012. The respondents are from the GCC, North Africa and Arab Mashreq countries.

 






  MENA News Headlines
Apr 24 2014Kuwait inflation edges up 2.96% y/y in March ,Arab Times
(MENAFN - Arab Times) Wait city april 23 (kuna): kuwait's annual record of the general index of consumer prices (inflation) rose in march by 2.96 percent compared with the same month of last year ...

Apr 24 2014Tim Hortons opens at Dubai Chamber ,Khaleej Times
(MENAFN - Khaleej Times) Tim hortons recently celebrated the opening of its newest cafe and bake shop restaurant at the dubai chamber of commerce and industry by the dubai creek. hamad buamim ...

Apr 24 2014Abu Dhabi investment zones home prices jump 20% in Q1 ,Khaleej Times
(MENAFN - Khaleej Times) 2100 residential units were delivered to the market: adib report homes prices in abu dhabi’s investment zones rose up to 20 per cent in the first quarter of ...

Apr 24 2014How well do you know Macklemore & Ryan Lewis? ,Khaleej Times
(MENAFN - Khaleej Times) One of 2013?s most successful acts worldwide hip-hop pair macklemore & ryan lewis are back with a bang for their abu dhabi concert on friday ...

Apr 24 2014UAE- Banks asked to submit customers' credit data ,Khaleej Times
(MENAFN - Khaleej Times) Al etihad credit bureau has asked the banking and financial institutions to submit their customers? credit data for the past two years. the bureau’s board of ...

Apr 24 2014FM holds luncheon for Qatari counterpart ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) First Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah held Wednesday a luncheon for visiting Qatari Foreign Minister Dr. Khaled ...

Apr 24 2014Kuwaiti wins Arab sports body post ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Kuwaiti sports figure has been elected deputy chairman of the technical committee of the Arab Athletics Federation. Fahad Thamer, a member of the technical ...

Apr 24 2014UN Chief: All Parties in Syria Blocking Aid ,Qatar News Agency
(MENAFN - Qatar News Agency) w York April 24 - The UN Secretary General Ban Ki-moon has accused all parties in Syria's civil war of "flagrant violations" of international law over the delivery of ...

Apr 24 2014DPG launches Masat to oversee portfolio ,Khaleej Times
(MENAFN - Khaleej Times) Dubai properties group (dpg) has announced the establishment of masat a new dedicated portfolio management company responsible for overseeing and managing dpg?s built to ...

Apr 24 2014Dubai Holding to repay USD319 m debt ,MENAFN
(MENAFN) Dubai Holding Commercial Operations Group (DHCOG), a unit of Dubai Holding, plans to repay USD319.3 million debt next month, 18 months earlier than the debt is due, according to the Emirates ...

Apr 24 2014UAE- Investcorp continues expansion ,Khaleej Times
(MENAFN - Khaleej Times) Investcorp a global provider and manager of alternative investment products announced that it has opened a new representative office in abu dhabi. the office is situated ...

Apr 24 2014UNSC welcomes progress in eliminating Syria's CW, mulls investigating chlorine gas attacks near Hama ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Security Council on Wednesday welcomed the progress achieved so far by the UN and the Organisation for the Prohibition of Chemical Weapons (OPCW) Joint ...

Apr 24 2014Kuwait- Information Minister discusses media cooperation with Qatar ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Minister of Information and Minister of State for Youth Affairs Sheikh Salman Sabah Salem Al-Sabah discussed on Wednesday with Qatar Media Foundation President ...

Apr 24 2014Dubai Investments raises foreign ownership cap to 35% ,Khaleej Times
(MENAFN - Khaleej Times) Dubai investments (di) the largest investment company listed on the dubai financial market (dfm) has raised the foreign ownership limit in the company from the existing 20 ...

Apr 24 2014US DoD to send military equipment to Australia and Egypt ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The US Department of Defense (DoD) announced Wednesday plans to sell a F-35 Lightning II joint strike fighter plane to Australia and added they will also deliver ...

Apr 24 2014Al Attiyah leads Qatar field Barreda outshines Coma ,The Peninsula
(MENAFN - The Peninsula) Qatar's Nasser Saleh Al Attiyah, Spaniard Joan Barreda and home hope Mohammed Abu Issa stole the limelight by setting the fastest times in the third 411.76km selective ...

Apr 24 2014UAE- Shapoorji Pallonji enters final stage on Bloom Central ,Khaleej Times
(MENAFN - Khaleej Times) Leading regional and international construction company shapoorji pallonji has entered the final stage of construction of bloom central project a 25-storey mixed-use ...

Apr 24 2014UAE- Huge turnout recorded at Gitex Shopper's first day ,Khaleej Times
(MENAFN - Khaleej Times) Buyers seek deals on newly launched smartphones the first day of gitex shopper spring edition recorded strong turnout despite the fact that it was a working day and ...

Apr 24 2014Landmark day for Dubai as bourse hits 5100 mark ,Khaleej Times
(MENAFN - Khaleej Times) Bourse hits 5100 mark; dhcog to prepay $555m; govt raises $750m from sukuk it was a landmark day for dubai on wednesday as the emirate made significant progress on ...

Apr 24 2014Yemen- Anti-govt protest ,The Peninsula
(MENAFN - The Peninsula) Anti-government protesters carry a defamed poster of Yemen's Finance Minister Sakhr Al Wajeeh during a demonstration to demand his resignation, in the capital Sana'a ...

more...


 
Live Currency Rates






Google

 
 

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
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

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