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FINANCIAL NEWS
UAE net salary to increase 2.2 percent in 2016
15 Mar 2016
(MENAFN) Salary grows in the UAE are predict to start higher than its normal rate of hike in the GCC, while given the lowest local inflation rate of 3.1 percent.
Moreover, salaries in the UAE are forecast to increase by 5.3 percent vis a vis a GCC average of 5.2 percent, while in KSA are predicted to average 5.9 percent.
Additionally, salaries via the GCC are predicted to grow at an average of only 5.2 percent this year, down from 5.7 percent in the previous year.
Accordingly, the slower growth rate emphasizes average pay rises across the GCC are set to be lower in 2016 than any time over the past 10 years.
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