The United Arab Emirates tops the list of the best economic locations in emerging markets abroad, according to an HSBC report.
The Bank's report, entitled Expat Economics, showed that UAE was among the top five in the world for expatriates in terms of financial environment.
Russia came in first place while Hong Kong came in fourth.
87 percent in the United Arab Emirates reported an increase of their monthly disposable income after moving there than those who have moved elsewhere (74 percent).
Over two-thirds of expatriates in the United Arab Emirates said that their attitudes towards spending have changed as a result of the economic climate, and the entire 82 percent said that they were not going to move back to their home countries.
United Arab Emirates is seen as a “playground” by many, a place where people come to earn and spend money. Their tax-free salaries and other benefits are causing much envy in many home countries.
It should be mentioned that Switzerland and the UK were ranked as number one and two respectively in Europe.
Cecilia Helland