UAE expats face inflationary pressures

According to Gulf News, expatriate workers in the UAE are being hit by inflation rates of around 9.3% and currency depreciation. The Indian rupee has risen more than 14% against the dirham since the start of the year, while the UAE's dollar pegged currency has fallen 17% against the euro over the past 18 months. Expats have seen both their savings potential decline and their day-to-day cost of living spiral. With better prospects for the real estate sector in India, there is a latent exodus likely to the sub continent unless salaries and conditions for Indians improve in UAE.