Middle East salaries
Join Date: May 2003
Location: Golden Road to Samarkand
Posts: 443
Likes: 0
Received 0 Likes
on
0 Posts
...and there is always the possibility that the remaining AGCC countries will relinquish their peg to the USD. More speculation and discussion on CNBC yesterday about ME countries unpegging. It's not impossible that it could happen, and with the current economic expansion in the region, consider what the value of that 40,000 might become if ever the peg was removed...
Join Date: Aug 2000
Location: Middle East
Posts: 1,183
Likes: 0
Received 0 Likes
on
0 Posts
Hmmmm....the peg!
Don't forget though me ol mucker, the Middle East stands to loose a squillion too as its in there favor for defense purchases and development to have a limp USD.
We as employees are the baby players, its costing the middle east nothing to have a crappy exchange rate...in fact the ME governments are winning!
Remember also we import 90% of our 'important' stuff, from the US and similar!
Friendly bet....we will not officially (GCC) de-peg! Lets put 5 rats on it....pre de-peg rates I might add!
You know where I live Quokkles, leave the money on the fridge!
Don't forget though me ol mucker, the Middle East stands to loose a squillion too as its in there favor for defense purchases and development to have a limp USD.
We as employees are the baby players, its costing the middle east nothing to have a crappy exchange rate...in fact the ME governments are winning!
Remember also we import 90% of our 'important' stuff, from the US and similar!
Friendly bet....we will not officially (GCC) de-peg! Lets put 5 rats on it....pre de-peg rates I might add!
You know where I live Quokkles, leave the money on the fridge!
Join Date: Feb 2004
Location: dubai
Posts: 13
Likes: 0
Received 0 Likes
on
0 Posts
So whats happening in DUBAI
So what is happening in Dubai. I thought there was going to be announcement at the end of last month. Can someone please give EBM a hand with the knots, whe all know his hands were tied, or buy him pair of trousers with shorter pockets.
Join Date: Feb 2004
Location: On the border...
Posts: 82
Likes: 0
Received 0 Likes
on
0 Posts
SURPRISE! SURPRISE! - time for a pay rise.
Well, all the rumours floating round about a "big surprise" in the October pay packet certainly turned out to be accurate......
...... I am sure plenty of people were surprised when they got "SWEET F A" extra in their pay.
latest rumour -
SERCo have called off the planned/negotiated/approved pay rise due to the vague possibility that the US dollar / Dirham peg will soon be abolished - thereby giving everybody an automatic pay rise as the Dirham appreciates against the dollar. If the peg doesn't get abolished by years end they will have bought themselves a few extra months of penny pinching and another pat on the back from Blighty.
Of course then there is the rumour that any increase will be backdated to the 1st sept so maybe we shouldn't be worried - it is already past then so we can all start counting / spending the extra loot in anticipation....mmmmmm might use it to buy a one way ticket home
...... I am sure plenty of people were surprised when they got "SWEET F A" extra in their pay.
latest rumour -
SERCo have called off the planned/negotiated/approved pay rise due to the vague possibility that the US dollar / Dirham peg will soon be abolished - thereby giving everybody an automatic pay rise as the Dirham appreciates against the dollar. If the peg doesn't get abolished by years end they will have bought themselves a few extra months of penny pinching and another pat on the back from Blighty.
Of course then there is the rumour that any increase will be backdated to the 1st sept so maybe we shouldn't be worried - it is already past then so we can all start counting / spending the extra loot in anticipation....mmmmmm might use it to buy a one way ticket home
Join Date: Sep 2001
Location: 24 27 45.66N 54 22 42.28E
Posts: 987
Likes: 0
Received 0 Likes
on
0 Posts
I think you're dreaming if you think it will be back paid to September. They know we have to give 3 months notice, so for us in the UAE Centre the increases start from the 1st of Jan, 3 months after the announcement.
And I think Serco are dreaming if they think a currency revaluation or currency depeg will happen. The UAE have stated categorically again and again the peg is here to stay, and I for one think they will stick to that.
Payrises will come when the the lack of bums on seats seriously delays some serious airlines aircraft. Once it starts hitting the correct people hard enough in the hip pocket they will quite gladly pay whatever is needed to get things moving again.
And I think Serco are dreaming if they think a currency revaluation or currency depeg will happen. The UAE have stated categorically again and again the peg is here to stay, and I for one think they will stick to that.
Payrises will come when the the lack of bums on seats seriously delays some serious airlines aircraft. Once it starts hitting the correct people hard enough in the hip pocket they will quite gladly pay whatever is needed to get things moving again.
Join Date: Jan 2006
Location: Koh Samui. Thailand
Age: 73
Posts: 103
Likes: 0
Received 0 Likes
on
0 Posts
Etislut
From Arabian Business today ........
Even the tight ar5ed telecom realises the necessity to retain staff ...
I suppose this means all our telecom charges will now go up by 20% to pay for it. Where will it all end ??? ... even my domestic staff costs have increased by 50% in the last few months. If I have to start washing my own underwear I am definitely outa here.
Etisalat bumps up salaries 10%
Move a response to rising inflation, aimed at helping retain and recruit staff in competitive market.
Move a response to rising inflation, aimed at helping retain and recruit staff in competitive market.
I suppose this means all our telecom charges will now go up by 20% to pay for it. Where will it all end ??? ... even my domestic staff costs have increased by 50% in the last few months. If I have to start washing my own underwear I am definitely outa here.
Join Date: May 2003
Location: Golden Road to Samarkand
Posts: 443
Likes: 0
Received 0 Likes
on
0 Posts
The AGCC countries have said that they will not de-peg until at least 2010. The World economy is not on stable ground at the moment and the Sub-Prime fallout in the US has only just begun to impact on the wider economy. No happy horizon for the US dollar and don't forget to factor in that oil is traded in US dollars.
Anything can happen and my money will be in that tin on Fox's fridge on my next trip, but don't expect a de-peg before 2010.
Remember the Decore ad... it won't happen overnight... but it will happen.
Anything can happen and my money will be in that tin on Fox's fridge on my next trip, but don't expect a de-peg before 2010.
Remember the Decore ad... it won't happen overnight... but it will happen.
Join Date: Feb 2004
Location: On the border...
Posts: 82
Likes: 0
Received 0 Likes
on
0 Posts
Well oil beef hooked !!!!!!!!!!
I think you're dreaming if you think it will be back paid to September
Of course then there is the rumour that any increase will be backdated to the 1st sept so maybe we shouldn't be worried - it is already past then so we can all start counting / spending the extra loot in anticipation....mmmmmm might use it to buy a one way ticket home
Anybody interested in a one-way ticket to Jo'burg
Join Date: Mar 2001
Location: Somewhere beyond the sea
Posts: 57
Likes: 0
Received 0 Likes
on
0 Posts
OMAA rise
Don't hold your breath for a Dirham revaluation. When it happens count it as a bonus, but it could still be three years away.
Rumour has it that the lads out at Abu Dhabi International have a new package including a hefty increase to housing allowance.
Anyone affected care to enlighten us?
Rumour has it that the lads out at Abu Dhabi International have a new package including a hefty increase to housing allowance.
Anyone affected care to enlighten us?
Join Date: Aug 2000
Location: Middle East
Posts: 1,183
Likes: 0
Received 0 Likes
on
0 Posts
Quokka....
Anything can happen and my money will be in that tin on Fox's fridge on my next trip
P.S. Everything they say about the Brazilian women is true....they are great cooks!
Join Date: Aug 2007
Location: Dune
Posts: 109
Likes: 0
Received 0 Likes
on
0 Posts
Hey Short Approach, Just got it from the horses mouth that its unlikely to be an announcement for the 30th. The increase is there but its' stillborn and will remain so for who knows fow how long. In the meantime don't hold your breath too much. Things take time here but patience willl get us there(or back home!!)
Join Date: Feb 2004
Location: On the border...
Posts: 82
Likes: 0
Received 0 Likes
on
0 Posts
Shorty
Don't know anything about Dubai but for AUH Approach and Al Ain .....
Let's just say that the COLA (cost of living allowance) more than makes up for the cost of living increases of the last 12 months and the increased accommodation allowance is sufficient for a half reasonable place (if you can find somewhere half reasonable) in which to live.
How long the increases will keep us ahead of the curve remains to be seen but it should keep most people happy for 12 months or so methinks.
How does everybody else feel about it??
Let's just say that the COLA (cost of living allowance) more than makes up for the cost of living increases of the last 12 months and the increased accommodation allowance is sufficient for a half reasonable place (if you can find somewhere half reasonable) in which to live.How long the increases will keep us ahead of the curve remains to be seen but it should keep most people happy for 12 months or so methinks.
How does everybody else feel about it??
Join Date: Jul 2007
Location: Close to Beer
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
African Queen
Feel like being a bit more specific about the details? New package for us in the northern emirate should be announced within a week or two ins'allah, so would be nice to compare.
Expecting a big increase here as we are getting radar and talkling about doubleing number of staff next year.
Expecting a big increase here as we are getting radar and talkling about doubleing number of staff next year.