Qatar residents are the most confident consumers in the Middle East, a new study by MasterCard has found

This is despite rising inflation rates and the ever-increasing costs of living here, particularly with regards to rent and food.

Other GCC countries fared similarly well in the MasterCard Index of Consumer Confidence, which surveyed some 11,339 respondents in 25 countries in November and December of last year.

Confidence was rated based on regular income prospects, employment prospects, quality of life, and the strength of the stock market and economy into account.

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