Saudi Arabia has suspended granting, in the forthcoming year, annual increments or any financial increases given when contracts were renewed, extended or continued.
The Cabinet cancelled or amended allowances, premiums and other f
Saudi Arabia's central bank has asked local banks to reschedule consumer loans after the government cut bonuses and other financial perks for public sector workers, local media reported on Thursday.
The cabinet announced this
Rising cost of living in the GCC is forcing companies to increase allowances and benefits to staff as they battle to retain their talent, a study said.
Companies across the GCC are recognising the need to introduce new measures an
Bahrain MPs have approved the national budget for 2013-14, under which around 52,000 breadwinners with an income of less than BD1,000 ($2,630) will be eligible to receive a monthly anti-inflation allowance.
A seven-month stalemate
Pension rises and anti-inflation allowances declared in Bahrain will be fast-tracked once the budget law has been passed, according to directives issued by HRH Prime Minister Prince Khalifa bin Salman Al Khalifa.
The Premier gave
National Bank of Kuwait (NBK) will reward new customers who transfer their student allowances to a special youth account during their university registration period with a chance to win a Mercedes.
This offer is valid until November, a sta
Saudi Arabia will distribute a public sector wage increase announced last month through cost of living allowances rising incrementally over three years, according to the state news agency.
Wages and pensions of state employees would rise f