Wednesday 30 July 2014

Rising costs: GCC firms increasing allowances

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


Payouts boost as Bahrain MPs approve budget

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


Bahrain puts allowance hikes on fast track

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


NBK offers chance to win Mercedes

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 to hike wages through allowances

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

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