logo
#

Latest news with #Mercer

From Dubai to Doha to Kuwait: Where Do Expats Save the Most? The Answer May Surprise You
From Dubai to Doha to Kuwait: Where Do Expats Save the Most? The Answer May Surprise You

Arab Times

time2 days ago

  • Business
  • Arab Times

From Dubai to Doha to Kuwait: Where Do Expats Save the Most? The Answer May Surprise You

KUWAIT CITY, May 31: The Gulf Cooperation Council (GCC) nations—comprising Saudi Arabia, the UAE, Kuwait, Qatar, Oman, and Bahrain—have long been magnets for expatriates seeking tax-free income and better financial prospects. But when it comes to actual savings potential, not all GCC countries offer the same return on effort. GCC: A Remittance Powerhouse for Expats In 2024, the Gulf Cooperation Council (GCC) countries continued to be significant sources of global remittances. Saudi Arabia experienced a notable increase, with expatriate remittances reaching SR144.2 billion ($38.45 billion), marking a 14% rise from the previous year and the highest in three years. Conversely, the United Arab Emirates saw a slight decline in remittance outflows, totaling $38.5 billion, a nearly 3% decrease from 2023. Savings vs Cost While UAE and Saudi Arabia boast massive expat populations and robust economies, the high cost of living in cities like Dubai, Abu Dhabi, and increasingly, Riyadh, can significantly erode disposable income. Smaller GCC nations like Kuwait and Oman, while sending lower total remittances, may provide expats with greater per-capita savings opportunities. Top Contenders for Expat Savings 1. Kuwait: The Silent Saver Kuwait stands out for its mix of high, tax-free salaries (especially in oil, healthcare, and engineering sectors) and a relatively lower cost of living compared to the likes of the UAE or Qatar. International studies such as Mercer's Cost of Living Survey have repeatedly placed Kuwait as one of the more affordable GCC nations for expats, particularly when it comes to housing outside prime areas. This favorable balance allows many expats, particularly from India, Egypt, Bangladesh, the Philippines, and Pakistan, to remit substantial portions of their income. For many, Kuwait's restrained entertainment and lifestyle options actually encourage stronger saving discipline. 2. Oman: Affordability Meets Quality of Life Oman consistently ranks as the most cost-effective GCC nation, according to recent indices like Numbeo's 2025 World Cost of Living Index. While salaries may be lower than in Qatar or the UAE, the drastically reduced living expenses, especially for rent and daily necessities, mean expats can still save significantly, especially if they avoid lifestyle inflation. Additionally, Oman is praised for offering a high quality of life, safety, and a calmer environment—factors that also contribute to a more budget-conscious lifestyle. 3. Bahrain: Balanced and Budget-Friendly Though often overshadowed by its larger neighbors, Bahrain punches above its weight with a strong financial sector, moderate salaries, and a noticeably lower cost of living. Remittance data reveals consistent growth. In the first nine months of 2024, foreign workers in Bahrain remitted a total of BD 726.9 million, marking a 1.1% decrease compared to the same period in 2023. This dip occurred despite a growing expatriate workforce, which surpassed 631,000 by mid-2024. Factors such as global economic uncertainties and rising living costs may have influenced this trend, according to Gulf Press. For expats working in finance or industry and living frugally, Bahrain presents a compelling savings environment. Bahrain's remittance landscape in 2024 presents a nuanced picture. While overall remittance outflows experienced a slight decline, the nation's financial sector remains robust, offering expatriates a conducive environment for savings. Countries with High Salaries, But Hidden Pitfalls UAE and Qatar regularly rank among the top for gross salaries. Dubai and Doha attract professionals in finance, tech, and real estate with lucrative packages. However, high living costs—especially in housing, schooling, and entertainment—often neutralize those advantages. Without disciplined budgeting, many expats find their high earnings quickly consumed. Saudi Arabia, once a haven for savings, is undergoing rapid transformation under Vision 2030. While opportunities and salaries have increased, especially in construction, engineering, and management, the cost of living in Riyadh and Jeddah is climbing just as fast. Reports even suggest that in some cases, rents and school fees now rival or surpass those in Dubai. The Role of Nationality and Sector Expat income and savings potential vary widely depending on profession and nationality. Western expats in senior roles often earn significantly more than their South Asian or Arab counterparts in similar positions. Fields like oil & gas, healthcare, and IT offer the highest disposable income across all GCC countries. The GCC's Best Bet for Savers If maximizing savings is the goal, Kuwait, Oman, and Bahrain emerge as the most favorable destinations for expats. These countries strike the right balance between competitive salaries and manageable living costs. The UAE, Qatar, and Saudi Arabia continue to offer unmatched opportunities for career advancement and high incomes, but expats must navigate rising expenses carefully. At the end of the day, savings in the GCC aren't just about how much you earn—it's about how much you keep.

Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional

time2 days ago

  • Sport

Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional

OXFORD, Miss. -- Dom Decker drove in Conner Cunningham with the go-ahead run in the eighth inning and Murray State went on to upset Oxford Regional No. 1 seed Mississippi 9-6 on Friday night. No. 4 seed Murray State (40-13), in its fourth NCAA Tournament appearance, will play Georgia Tech on Saturday. The Yellow Jackets defeated West Virginia in the regional's first game. Ole Miss (40-20) and West Virginia will play a loser-out game Saturday. Dustin Mercer had four doubles and drove in three runs for the Racers. Jonathan Hogart had three hits and scored three runs. Hogart hit the first pitch of the game over the center-field fence. Mercer, the next batter, doubled and later scored on a fielder's choice for a 2-0 lead. The Racers added two more runs in the second inning on another double by Mercer and a sacrifice fly by Carson Garner. Judd Utermark's three-run home run in the third inning but the Ole Miss deficit to 4-3. The Rebels went ahead in the fourth for what would be the only time in the game on Campbell Smithwick's leadoff home run followed two outs later by an RBI-single from Luke Hill. Utermark came to the plate with two on and one out in the bottom of the ninth but Graham Kelham struck him out swinging on the way to his fifth save. The game ended on a popup by Smithwick.

Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional
Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional

Yahoo

time2 days ago

  • Entertainment
  • Yahoo

Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional

OXFORD, Miss. (AP) — Dom Decker drove in Conner Cunningham with the go-ahead run in the eighth inning and Murray State went on to upset Oxford Regional No. 1 seed Mississippi 9-6 on Friday night. No. 4 seed Murray State (40-13), in its fourth NCAA Tournament appearance, will play Georgia Tech on Saturday. The Yellow Jackets defeated West Virginia in the regional's first game. Ole Miss (40-20) and West Virginia will play a loser-out game Saturday. Advertisement Dustin Mercer had four doubles and drove in three runs for the Racers. Jonathan Hogart had three hits and scored three runs. Hogart hit the first pitch of the game over the center-field fence. Mercer, the next batter, doubled and later scored on a fielder's choice for a 2-0 lead. The Racers added two more runs in the second inning on another double by Mercer and a sacrifice fly by Carson Garner. Judd Utermark's three-run home run in the third inning but the Ole Miss deficit to 4-3. The Rebels went ahead in the fourth for what would be the only time in the game on Campbell Smithwick's leadoff home run followed two outs later by an RBI-single from Luke Hill. Advertisement Utermark came to the plate with two on and one out in the bottom of the ninth but Graham Kelham struck him out swinging on the way to his fifth save. The game ended on a popup by Smithwick. Jacob Hustedde (2-0) got the final two outs in the seventh for the win. ___ AP college sports: The Associated Press

Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional
Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional

Fox Sports

time2 days ago

  • Sport
  • Fox Sports

Dom Decker delivers for Murray State and Racers upset Ole Miss 9-6 in Oxford Regional

Associated Press OXFORD, Miss. (AP) — Dom Decker drove in Conner Cunningham with the go-ahead run in the eighth inning and Murray State went on to upset Oxford Regional No. 1 seed Mississippi 9-6 on Friday night. No. 4 seed Murray State (40-13), in its fourth NCAA Tournament appearance, will play Georgia Tech on Saturday. The Yellow Jackets defeated West Virginia in the regional's first game. Ole Miss (40-20) and West Virginia will play a loser-out game Saturday. Dustin Mercer had four doubles and drove in three runs for the Racers. Jonathan Hogart had three hits and scored three runs. Hogart hit the first pitch of the game over the center-field fence. Mercer, the next batter, doubled and later scored on a fielder's choice for a 2-0 lead. The Racers added two more runs in the second inning on another double by Mercer and a sacrifice fly by Carson Garner. Judd Utermark's three-run home run in the third inning but the Ole Miss deficit to 4-3. The Rebels went ahead in the fourth for what would be the only time in the game on Campbell Smithwick's leadoff home run followed two outs later by an RBI-single from Luke Hill. Utermark came to the plate with two on and one out in the bottom of the ninth but Graham Kelham struck him out swinging on the way to his fifth save. The game ended on a popup by Smithwick. Jacob Hustedde (2-0) got the final two outs in the seventh for the win. ___ AP college sports: recommended in this topic

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store