Speaking English boosts wage



People who speak English earn higher salaries than those who do not, says a new survey.

It pays to speak English well, literally.

So says a new survey. The eight-country survey shows speakers of English can earn as much as three times the salary of non-English speakers in the Middle East and North Africa (MENA). The language is also vital for the flow of direct foreign investment (FDI) into a country.

English can be a funny language at times, where a "fat chance" is the same as "slim chance". But difficulties in grasping the language for foreign tongues has not dimmed its popularity. It is the third-most popular language in the world and is spoken in 112 countries.

But when it comes to wages and the economy, knowledge of the language can make a difference, according to the survey, which was conducted by Euromonitor International and commissioned by the British Council.

The salary gap between those who speak English, and those who do not, vary from 5 per cent in Tunisia to 75 per cent in Egypt - and even 200 per cent for some workers in Baghdad.

People from Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Tunisia and Yemen participated in the survey.

Due to the colonial histories of these countries, French remains the key business language in Algeria, Morocco and Tunisia, and is spoken by around 30 per cent of the population in Lebanon. In Iraqi Kurdistan, Kurdish is the main language, while Arabic dominates in many parts of Jordan and Yemen.

Fluency in English also translates to more FDI from English-speaking countries.

Among the surveyed countries, Egypt had the highest percentage of investment from English-speaking countries such as the US and the UK. In 2011, Egypt attracted 57.4 per cent of its total FDI from these countries. Egypt was followed by Jordan and Lebanon.

Still, investment from English-speaking countries lags behind funding from France and other European countries in French-speaking Maghreb countries such as Algeria, Morocco and Tunisia.

ssahoo@thenational.ae

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

Ticket prices
  • Golden circle - Dh995
  • Floor Standing - Dh495
  • Lower Bowl Platinum - Dh95
  • Lower Bowl premium - Dh795
  • Lower Bowl Plus - Dh695
  • Lower Bowl Standard- Dh595
  • Upper Bowl Premium - Dh395
  • Upper Bowl standard - Dh295
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.