Inflation Inflation! EK what to expect?
Join Date: Mar 2004
Location: UK
Posts: 165
Likes: 0
Received 0 Likes
on
0 Posts
The Dollar is showing some signs of stabilisation due to radical movements by the Fed to save the markets and economy collapsing completely. The USD came very close to a meltdown on Monday.
However from the point of view of inflation, this means very little. Prices have risen and will not go down. It is now built in and the 2008 inflation figures for the UAE will be much higher than the 11% of 2007 regardless of the dollar movement from hereon.
Are we going to see an increase in salary of around 30% to account for this and bring our salaries back to a neutral level of a year ago? I doubt it. Recession is here, times are hard and airlines will feel it. EK is counting on continued low cost recruitment and will minimise the salary increase based on this possibility. With oil at the current levels they will have to provision for recovery of this cost in the next financial year. This is the burden that we will be made to bear.
However from the point of view of inflation, this means very little. Prices have risen and will not go down. It is now built in and the 2008 inflation figures for the UAE will be much higher than the 11% of 2007 regardless of the dollar movement from hereon.
Are we going to see an increase in salary of around 30% to account for this and bring our salaries back to a neutral level of a year ago? I doubt it. Recession is here, times are hard and airlines will feel it. EK is counting on continued low cost recruitment and will minimise the salary increase based on this possibility. With oil at the current levels they will have to provision for recovery of this cost in the next financial year. This is the burden that we will be made to bear.
Last edited by disconnected; 21st Mar 2008 at 12:05.
Join Date: Oct 2007
Location: United Kingdom
Posts: 66
Likes: 0
Received 0 Likes
on
0 Posts
Dollar recovery over. Euro back at 1.58
The Fed is running out of options. They are powerless to prevent the inevitable and are resorting to lies and "optimism".
Inflation and decreasing salaries are here to stay.
The Fed is running out of options. They are powerless to prevent the inevitable and are resorting to lies and "optimism".
Inflation and decreasing salaries are here to stay.
Join Date: Oct 2002
Location: here and there
Posts: 74
Likes: 0
Received 0 Likes
on
0 Posts
cost of living
Seeing the $ going into an unstopable downturn I wonder about the cost of living in DXB.
A familiy of 3, 2 adults + one baby approx 1year when coming to DXB.
I ve been to DXB last in 10/06 and still found prices for food very fair compared to here (germany)
What costs do I have to expect these days for food, EPC, Gas and s.o.
I know it all depends on the choosen lifestyle.
I would appreciate any Information or hints on this topic, as the $ turns out to be one of the biggest issues for an european coming to Dubai.
Thx in advance
A familiy of 3, 2 adults + one baby approx 1year when coming to DXB.
I ve been to DXB last in 10/06 and still found prices for food very fair compared to here (germany)
What costs do I have to expect these days for food, EPC, Gas and s.o.
I know it all depends on the choosen lifestyle.
I would appreciate any Information or hints on this topic, as the $ turns out to be one of the biggest issues for an european coming to Dubai.
Thx in advance
Join Date: Dec 2006
Location: KUL
Posts: 431
Likes: 0
Received 0 Likes
on
0 Posts
Kraut to Kraut
@ Cityliner
Been here for the best part of a decade and the bang for the buck still checks out. A kilo of Argie-steak in the supermarket is still half the price compared to Germanistan. A taxi ride a fifth. Same for gas. Besides, moving heavy metal for Sheikh Ahmed beats riding CRJs for CLH.
Lass Dich von den Heulsusen hier nicht ins Bockshorn jagen. Die haben ihre eigene Agenda. Je weniger Leute anheuern, desto hoeher der Markwert der Anwesenden.
Been here for the best part of a decade and the bang for the buck still checks out. A kilo of Argie-steak in the supermarket is still half the price compared to Germanistan. A taxi ride a fifth. Same for gas. Besides, moving heavy metal for Sheikh Ahmed beats riding CRJs for CLH.
Lass Dich von den Heulsusen hier nicht ins Bockshorn jagen. Die haben ihre eigene Agenda. Je weniger Leute anheuern, desto hoeher der Markwert der Anwesenden.
Join Date: Oct 2005
Location: A380 FoxJet
Posts: 237
Likes: 0
Received 0 Likes
on
0 Posts
Bockshorn hunting
Ciao SNAM, i used google to translate, this is the result:
Do the crybaby here is not to Bockshorn hunting.
They have their own agenda. The less people hired,
The higher the market value of those present.
ciao bubi
Do the crybaby here is not to Bockshorn hunting.
They have their own agenda. The less people hired,
The higher the market value of those present.
ciao bubi
Join Date: Dec 2006
Location: KUL
Posts: 431
Likes: 0
Received 0 Likes
on
0 Posts
and there are people who say that one day online translators will revolutionize the way the world does business. Second part is almost correct. First part does not have a direct English meaning. Losely translated: Don't let the crybabies send you into a dead end.
Join Date: Nov 2003
Location: Canada
Posts: 121
Likes: 0
Received 0 Likes
on
0 Posts
Cityliner, just come and find out.
And, if things don't turn the right way for you here.
You will know who's face to break.
zi grass zalwayz lookz greener in ze neiberz backyaaaard.
Shuuuuuuusss.
And, if things don't turn the right way for you here.
You will know who's face to break.
zi grass zalwayz lookz greener in ze neiberz backyaaaard.
Shuuuuuuusss.
Join Date: Sep 2005
Location: Europe
Posts: 327
Likes: 0
Received 0 Likes
on
0 Posts
Cityliner,
Prices over here in the mean time close to the prices in Germany.
Veg. might be a bit cheaper if you buy local stuff.
The thing that frustrates me the most is that most of the vegetable stuff has no flavor. Don't know why.
Ooh yeah : meat. Forget your bratwurst. Pork is so expensive over here. I think 50% more than in Germany.
Gas still cheap compared to EU-Land (controlled by government).
Most cars cheaper over here ( there is no VAT, so that is the difference I think).
And... there is no such thing as Lidl, Aldi or Metro over here. NO COMPETITION on prices. At times frustrating.
But I understand your reasoning. If you're flying cityline and you did not pass LH DLR test, coming here might be the only chance of getting heavy time. If you did pass it then you must be joking that you are considering coming over here. (I do know the conditions at LH).
Not so many Germans here with EK (a lot more at EY). Don't know why. With the dollar woes I must conclude they are very clever....
Prices over here in the mean time close to the prices in Germany.
Veg. might be a bit cheaper if you buy local stuff.
The thing that frustrates me the most is that most of the vegetable stuff has no flavor. Don't know why.
Ooh yeah : meat. Forget your bratwurst. Pork is so expensive over here. I think 50% more than in Germany.
Gas still cheap compared to EU-Land (controlled by government).
Most cars cheaper over here ( there is no VAT, so that is the difference I think).
And... there is no such thing as Lidl, Aldi or Metro over here. NO COMPETITION on prices. At times frustrating.
But I understand your reasoning. If you're flying cityline and you did not pass LH DLR test, coming here might be the only chance of getting heavy time. If you did pass it then you must be joking that you are considering coming over here. (I do know the conditions at LH).
Not so many Germans here with EK (a lot more at EY). Don't know why. With the dollar woes I must conclude they are very clever....
Thread Starter
Join Date: Mar 2005
Location: Dubai
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
Looks like there is inflation here
Well it is so bad now that even the violence level is going upward. I can feel it with people every day. Streets, shopping malls, roads, bank everywhere you go you feel it. People are more intense, more aggressive, they feel the pressure of being trapped here with nowhere to go since they left what they had builded for years in their home country to come here for an opportunity to make money. The reality is that they end up in the same or worst situation then back home with the hurdle to be stuck in this place. I have to say that in the last year i felt it too. This place is not what it used to be and the worst is that it is not improving. On the contrary i feel it is going the wrong way big time.
http://www.arabianbusiness.com/51554...tions-security
Keep Discovering 
http://www.arabianbusiness.com/51554...tions-security
"Inflation has affected many expatriates, consumers and traders," he said. "There have been cases of violence and this affects our security."
Join Date: Jan 2002
Location: West Country
Posts: 1,271
Likes: 0
Received 0 Likes
on
0 Posts
i've never seen any violence here and even if it is going up it is still infinitesimally less than where I came from (UK)
so everything is relative
Join Date: Nov 2003
Location: Canada
Posts: 121
Likes: 0
Received 0 Likes
on
0 Posts
Comparing to something worst may make you feel better, but it doesn't make EKpilot statement invalid!
Fact is a fact.
More violence, yes!
Less than in other places, yes....
But still increasing violence!
Good or bad? depends how deep your head is in the sand.
Fact is a fact.
More violence, yes!
Less than in other places, yes....
But still increasing violence!
Good or bad? depends how deep your head is in the sand.
Join Date: Jan 2002
Location: West Country
Posts: 1,271
Likes: 0
Received 0 Likes
on
0 Posts
Sorry to disappoint you but my head ain't in the sand or up my ar*e.
And what 'facts' are these?
if you think the UAE is a violent country then I humbly suggest you get your head out of the sand.
And what 'facts' are these?
if you think the UAE is a violent country then I humbly suggest you get your head out of the sand.
Join Date: Feb 2008
Location: Toronto
Posts: 129
Likes: 0
Received 0 Likes
on
0 Posts
UAE is not violent. Compared to USA , europe, even Canada. I lived there for 14 years....no knifes no guns, no ppl smoking pot in the corners, no drunkness in public, etc etc I live in Canada right now, and I have to say that i have seen some very very disturbing things. I live in an expensive/rich neighbourhood btw. My car's stereo got stolen PARKED ON MY DRIVEWAY!
Ive had to call the cops a couple of times b.c of kids smoking pot roaming up and down my street
At least not as violent or even close to other (developed) parts of the world
dbl
Ive had to call the cops a couple of times b.c of kids smoking pot roaming up and down my street
At least not as violent or even close to other (developed) parts of the world
dbl
Thread Starter
Join Date: Mar 2005
Location: Dubai
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
Please read the Arabian Business article
Guys i'm saying that the tensions are building. Not saying there is war out there and that it is unsafe. Read the article. That's what i mean. As for what i feel everywhere it is the pressure on people. If you don't feel it, maybe you should get out of your house. One thing is for sure people are not the same as 10 years ago around here. I used to live in Canada as well. The difference is you know what's going on around you in Canada. Here you read the gulf news and everything is ok with no problems. I love it.
Keep Discovering
Keep Discovering
Join Date: Nov 2003
Location: Canada
Posts: 121
Likes: 0
Received 0 Likes
on
0 Posts
Oh, If smoking pot, or stealing a car radio is violence...
I give up then...
Dubble_
There is violence everywhere, INCLUDING Dubai.
As for teenagers smoking pot......Peace man!!!!!
I give up then...
Dubble_
There is violence everywhere, INCLUDING Dubai.
As for teenagers smoking pot......Peace man!!!!!