By Staff writer
HSBC survey says both Gulf states offer best opportunities for women to earn and save more money
Qatar and the UAE rank as two of the best countries in the world for work-orientated women, according to newly released data from the HSBC Expat Explorer survey.
Nearly 10,000 expat women from 25 countries participated in the survey, with those in the UAE (58 percent) and Qatar (56 percent) being the highest globally to highlight that financial incentives such as income, savings and careers.
Middle Eastern top the rankings according to expats’ in terms of the financial rewards they offer. The survey showed that career-orientated women thrive in Qatar, which was chosen as the best country for both increased earnings (57 percent) and a greater ability to save money (73 percent).
Meanwhile, the UAE is also recognised under these categories as 4 out of 10 women said that they earn more here than in their home country, above the global average of 31 percent.
Additionally, 54 percent highlighted that they are able to put aside more money by working in the country.
The financial benefits of living in the region are also apparent as expat women rank Qatar (88 percent) and the UAE (87 percent) as the best globally for the benefits they are provided by their employers.
Asian countries, nonetheless, rank the highest in terms of career development prospects for women. Nearly two thirds (63 percent) of female expats said Hong Kong is a good place for expats to progress their career, followed closely by China (59 percent) and Singapore (56 percent). Almost half (49 percent) of expat women in the UAE associate with this view, far above the global average of 38 percent.
Gifford Nakajima, head of Wealth Development, UAE and MENA, Retail Banking and Wealth Management, HSBC Bank Middle East Limited said: “It is extremely encouraging to see the UAE highlighted by women as a top destination for the financial incentives and career opportunities it offers, further showing why the country remains one of the most popular destinations globally.”