UAE slips in rankings for preferred expat destinations
The UAE has slipped down the list of most preferred living destinations for expatriates, as economic concerns because of slower economic growth weigh on residents. The UAE fell to 12th position in HSBC’s annual Expat Explorer survey for 2016, down from ninth position in 2015. The country is the second most popular expatriate destination in the Middle East behind Bahrain, which fell to ninth position from fourth last year. The survey of 27,000 expatriates including 3,000 in the UAE identified Singapore and New Zealand as the top two expatriate destinations for the second year in a row. The survey found that the number of UAE-based respondents expressing confidence in the local economy fell to 57% from 61% in 2015. (The National)
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