Bahrain puts allowance hikes on fast trackPension 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 More… |
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Bahrain Shura agrees $554m for needy in budgetBahrain’s Shura Council has approved the draft budget for 2013-2014, which includes BD210 million ($554 million) to support needy families, a report said. The payments to families will be backdated to January, costing the go More… |
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Takaud gala marks launch in BahrainTakaud, the Mena region’s specialist provider of savings and pensions, held a gala reception yesterday (June 11) to mark its recent launch in Bahrain. Patronised by the Central Bank of Bahrain, the event at the Ritz Carlton More… |
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Takaud aims to diversify savings with new planTakaud, a specialist provider of savings and pensions, has launched a new individual savings plan which aims to diversify personal savings and widen the investment horizon for long term savers. “There is clearly a critical n More… |
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Bahrain raises pensioners' payoutsPensioners in Bahrain with a monthly payout of up to BD700 ($1,846) will be entitled to an increase of BD75, said a top government official. A retiree whose pension is between BD700 and BD1,500 will be eligible for an increase of More… |
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UK may make pension savings compulsoryBritain may soon have to force workers to start saving for retirement to cut a soaring pensions bill set to reach 120 billion pounds in 20 years. The government wants people to pay into their ow More… |
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Bahrain abolishes $10,500 cap on pensionsBahrain has abolished a BD4,000 ($10,507) cap on pensions, six years after being implemented, a report said. The Shura Council approved a new bill, which was backed by the Cabinet after it acknowledged that the current cap was unf More… |
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Nexus eyes 25pc jump in 2013 revenueNexus, one of the largest independent financial advisors in the region, said it expects its 2013 revenue to jump by an average of 25 per cent across its core businesses of life, investment, pension, and general insurance. The worl More… |
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Takaud to launch private pension productsBahrain-based Takaud Savings and Pensions aims to launch its initial pension product in the fourth quarter of this year, becoming the first Gulf-based private pension provider, its chief executive said. Takaud, which received regulatory More… |
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Bahrain mulls scrapping cap on pensionA BD4,000 ($10,600) cap on monthly pensions in Bahrain could soon be abolished under a Shura Council proposal. The council-drafted proposal was unanimously approved yesterday and backed by the government, which acknowledged the current bil More… |
