A GCC-wide survey of 600 multinational companies and locally-owned conglomerates has forecast that salary increases will average five per cent in 2016.
A GCC-wide survey of 600 multinational companies and locally-owned conglomerates has forecast that salary increases will average five per cent in 2016.
The consumer price index uses 2007 as base year to compare today's prices.
For NRI business owners, whose average length of stay in the GCC is 18.1 years, low corporate and value-added tax rates were key drivers for staying put in the region.
Brazil and Russia lie deep in recession and South Africa is teetering on the brink after demand for raw materials collapsed.
Nation benefits from safe-haven status, strategic position as a hub between Asia, Africa
An oil glut, Chinese slump, Greek default and bearish markets may hit global economy
Growth in investment, factory output and property sales misses estimates
FDI inflows were $75 million, compared to $18 million in the two comparable months.
In terms of popularity and usage, the Islamic web and mobile application 'Muslim Pro' ranks highest in terms of downloads.
There is a high penetration of digital banking among the UAE population, with 82 per cent of UAE retail customers using at least one digital banking channel.