The pay review is now out.
All said about another 12%. Prices still rising here at alarming levels. Every trip to the supermarket reveals another product up by 10-30%. And thats only since the last rises at the beginning of the year.
Oil problem does not seem to be going away - $133 per barrel. Over 40% this year alone. And its not simply speculation - China and India are using more. $200 per barrel this year is firmly in the sights.
The knock on from this is that prices in the UAE will climb at a rate never witnessed before.
12% is going backwards. It could have been worse, I agree but that doesn't make it good.
Another year of salary attrition to look forward to. Only this time much worse than ever before.