The rising cost of living is having a direct impact on employees' ability to save money. To illustrate, 41 per cent of UAE-based expatriates reported making no savings on their income, the highest figure in the Gulf.
http://www.ameinfo.com/141739.html
It is really out of control, these are just not rumors, they are hard facts.
2006 was 9.3%
2007 was 12.0%
2008 well your guess
We need to get 12% on all parts of our famous package just to stay where we are. Well i think we are heading for a definitive pay cut this year. What do you think?
