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CEOWORLD magazine - Latest - Education and Career - Qatar Ranked Number One Among Middle Eastern Countries For Luxury Spending, 2015

Education and Career

Qatar Ranked Number One Among Middle Eastern Countries For Luxury Spending, 2015

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajEducation and Career

Qatar, the world’s richest country per capita, has topped the list of luxury goods and services spending in 2015 among five GCC countries, according to results of a new Amex survey of spending habits in the Middle East.

Wealthy Qatar residents and citizens spent an average of $4,074 per month on luxury goods and services in 2015, which is twice that of the Gulf average. The 2015 survey is based on 430 interviews conducted late last year in Qatar, Oman, Bahrain, the UAE and Kuwait.

1. Qatar: The average spending on luxuries: $4,074 per month

41% of households spend $1,001-$5,000 on luxury items
31% spend more than $5,000 on luxury items
19% spend $501-$1,000 on luxury items
8% spend $250-$500 on luxury items
1% spend less than $250 on luxury items

2. United Arab Emirates: The average spending on luxuries: $2,300 per month

Middle Eastern destination to shop for luxury items, 2015:

1. Dubai
2. Doha
3. Abu Dhabi
4. Kuwait City
5. Beirut (Lebanon)
6. Manama (Bahrain)
7. Amman (Jordan)
8. Muscat (Oman)
9. Riyadh (Saudi Arabia)

Dubai continued to be the number one destination for luxury spending, followed by 16% for Doha, 15% for Abu Dhabi, 14% for Kuwait City, 4% for Beirut in Lebanon, 3% for Manama in Bahrain, 2% each for Amman (Jordan) and Muscat (Oman) and 1% for Riyadh (Saudi Arabia).

Do you plan to spend less this year? Thoughts?

Image: Qatar Airways.

CEOWORLD magazine - Latest - Education and Career - Qatar Ranked Number One Among Middle Eastern Countries For Luxury Spending, 2015
Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
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