90pc say they cannot afford to save at all
According to a study by the National Bonds GCC Savings Index, about 90% of the people in a number of GCC countries feel they are not saving enough for their future. The percentage of people, who do not put away any money for future saving, is 71% of residents in Bahrain, Kuwait, Qatar and Oman, 74% in Saudi Arabia and 65% in the UAE. The study further shows that in Saudi Arabia 92% felt they were not saving enough. The percentages in the other countries involved in the study are 91% in Kuwait, 88% in Bahrain, 87% in the UAE, 85% in Oman, and 84% in Qatar.