Australia and Norway are the second and third in the list, clocking an average per person credit debt of $137.86 and $108.76 respectively
cost of living
Latest in cost of living
Carrefour
UAE supermarket locks prices as inflation spikes cost of living
Carrefour locks in the prices for over 200 products
cost of living
Saudi Arabia capped local gas prices in bid to protect economy, Minister of Finance Mohammed Al-Jadaan says
The decision was taken in anticipation of global economic uncertainty, the minister said
cost of living
UAE businesses reject employee calls for salary boost amid surging inflation
According to the survey, nearly half of respondents are not planning to take any action regarding employee compensation in 2022
Bank of England
UK records 40-year high inflation at 10.1 percent amid soaring cost of living
The rise in inflation intensified largely due to increase in food prices, household spending, including surge in market prices of electricity, gas and petrol.
cost of living
UAE residents spending less as cost-of-living skyrockets compared to last year
Top areas for cutbacks are eating out and clothes/apparels
Abu Dhabi
Dubai and Abu Dhabi rise up the rankings of most expensive cities for expats
Hong Kong maintains its position as world’s most expensive city due to higher prices and stronger currency over the past year
Bank of England
Inflation in UK rockets to 30-year high as commodity prices soar
Rising costs are outpacing wages, putting a squeeze on the UK’s most at risk
cost of living
Saudi Arabia softens subsidy cut through gasoline price ceiling
Ceiling set at SAR2.18 (58 cents) per 91octane litre and aims to ‘decrease the burden of living costs on citizens’
cost of living
Revealed: How Abu Dhabi and Dubai figure in world’s most expensive cities survey
The capital Abu Dhabi now ranks 56th globally and Dubai ranks 42nd for most expensive cities to live in this year, according to Mercer’s annual cost of living survey
Bahrain economy
What makes Bahrain a global expat magnet?
Kingdom has been ranked as the top place in the GCC region for expats to live and work for the sixth consecutive year
CEOWORLD magazine
In pictures: List of most and least expensive country to live in 2020
Switzerland is named the world’s most expensive country to live in, according to a report from the CEOWORLD magazine.
austerity measures
Protests in Lebanese capital over deteriorating economy
The head of the central bank has denied that the country is facing a currency reserve crisis, but it has become very difficult to withdraw dollars from ATMs in Beirut
consumer confidence
UAE consumer confidence dips on cost of living worries
Yallacompare research shows that consumer confidence in the UAE declined slightly in Q2 compared to the previous quarter
consumer price index
Consumer prices in Saudi Arabia show year on year decline
Stronger activity in non-oil sector is causing price pressures to build, according to General Authority for Statistics
Arab Youth Survey 2019
UAE residents confident about state of their finances, impact of VAT falling
A fifth of UAE residents are confident about their finances, compared to a year ago
Arab world
Opinion: safety net or generation debt?
Is the most shocking finding from the Arab Youth Survey that a third of them believe the government should bail them out if they get into debt?