Kuwait holds last place among GCC in ‘terms’ of living costs for expats – 122nd in the world

Login   |  Register Now

Follow us with

Kuwait holds last place among GCC in ‘terms’ of living costs for expats – 122nd in the world

Posted on : Thursday 28th of June 2018

KUWAIT CITY : According to a recent survey by Mercer, Kuwait occupied the last place among the GCC countries and 122nd place in the world in terms of living costs for expatriates, while Dubai, Abu Dhabi and Riyadh topped the chart among the Arab cities. With this statistics, Kuwait is considered the best place for expatriates to live in the matter of expenses, reports Al- Seyassah daily.

Dubai took 26th place globally and Beirut 65th position, while Kuwait city occupied the fourth place among Arab cities preceded by Cairo, Rabat and Casablanca respectively, while Manama, Amman, Doha, Jeddah and Muscat occupied the 5th, 6th, 7th, 8th and 9th places in that order. Hong Kong topped the chart globally in terms of the most expensive city for expatriates followed by Tokyo and Zurich.

According to the report, Asian cities dominated the list, while European and African cities occupied the bottom by reason of fluctuating currency value. The declining Angolan currency value caused Luanda to lose its first place to Hong Kong, while the rise in value of the Chinese currency and the flourishing economy pushed several Chinese cities to the top.

Also, the report traced the prices of some 200 commodities, including housing, transportation, food and clothing in 200 different cities on five continents — making New York City the yardstick for classification and taking into account circulation of their local currencies with the US dollar.

Courtesy : Arab Times

Disclaimer: The contents or any information provided here is strictly personal and way4indians.com does not hold any responsibility or liability on them. We shall endeavor to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libelous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

More Articles

‘Slaughterhouses rent increased by m..

KUWAIT CITY : Head of slaughterhouse and livestock market in Dhaher area Saad Albous revealed that the rents of slaug...

Hot weather continues during weekend..

KUWAIT CITY (KUNA): The country is still affected by the Indian seasonal pressure which supplies the region with very...

Jet Airways Flight Goes Off Runway ..

MUMBAI: Nearly 150 people on board a Mumbai-bound Jet Airways flight from Riyadh e...

"Ladakh No Longer Safe For Women": ..

LADAKH: Fourteen Buddhist nuns, who are specialized in Kung Fu, trained local girl...

MoH stops sending Kuwaiti patients to ..

KUWAIT CITY : The Ministry of Health has stopped sending Kuwaiti patients to Germany, reports Al-Rai daily quoting so...

PAM issues circular on work timings, a..

KUWAIT CITY : Public Authority for Manpower has issued a circular concerning work timings, attendance and absence fro...

Athirappilly tourist spot closed as..

Thrissur: With the incessant rain continuing to batter Kerala, rivers in Kerala ar...

80% of Kuwaitis believe use of ‘wast..

KUWAIT CITY : The International Monetary Fund (IMF) recently released a report on promoting growth and inclusiveness ...

Baby on board Indigo flight dies after..

New Delhi/Hyderabad: A four-month-old boy developed breathing problem on a Patna-bound flight and died at the Hyderab...

Several nurses aged 65 and above termi..

KUWAIT CITY : The Ministry of Health has laid down a comprehensive health services plan for pilgrims this year, repor...

Rising concern: Idukki water level tou..

Thiruvananthapuram: The water level in the Idukki reservoir in Kerala touched 2395.42 feet at 12 noon on Tuesday. Aft...

National Defence Academy Cadets To ..

PUNE: The National Defence Academy in Pune has included Kashmiri, Pashto and Dari ...

Advertisements

Copyright © 2012-2018, All rights Reserved   |  www.way4indians.com  |  This Logo is a trademark of Way4Indians. For Enquires, please contact : info@way4indians.com