Wednesday 2 September 2015
 
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US wage growth in Q2 slowest in 33 years

US labour costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labour market slack.

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Saudi king orders bonus for security personnel

Saudi Arabia's King Salman ordered on Wednesday a one-month salary bonus for all military and security personnel to convey his "appreciation of their efforts", the official SPA news agency announced. The decree came

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Dubai Investments to distribute 12pc cash dividend

Dubai Investments, a leading investment company listed on the Dubai Financial Market, has approved distribution of 12 per cent cash dividend and issue of six per cent bonus shares for the financial year ending December 31. A propo

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Construction workers stage rare protest in Dubai over pay

Hundreds of foreign construction workers staged a rare public protest outside the opulent Dubai Mall on Tuesday in a pay dispute with their company, witnesses said. Dubai authorities deployed riot police to Sheikh Mohammed bin Ras

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Bahrain cbank tightens rules on banker bonuses

New rules that restrict big bonuses for bankers in Bahrain have been implemented by the Central Bank of Bahrain (CBB) since July last year, according to its top official. Central Bank of Bahrain Governor Rasheed Al Maraj said the

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Big Saudi firms to pay bonuses after royal handout

Several of Saudi Arabia's largest listed companies said on Monday they would pay out hundreds of millions of dollars in bonuses, days after the new king ordered a handout to Saudi state employees to mark his accession. Saudi A

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Saudi Electricity to pay $149m in bonuses

Saudi Electricity Company will distribute SR545 million ($149 million) among Saudi employees following the new king's order for state-run institutions to pay bonuses, the Gulf's largest utility said on Monday. Last week, S

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Saudi Electricity to pay $149m in bonuses

Saudi Electricity Company will distribute SR545 million ($149 million) among Saudi employees following the new king's order for state-run institutions to pay bonuses, the Gulf's largest utility said on Monday. Last week, S

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ME professionals ‘unhappy’ with annual bonus

Nearly half of financial professionals working in the Middle East are disappointed with their annual bonus and said it failed to meet their expectations, according to a new study. In comparison to other financial centres around th

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ME professionals ‘unhappy’ with annual bonus

Nearly half of financial professionals working in the Middle East are disappointed with their annual bonus and said it failed to meet their expectations, according to a new study. In comparison to other financial centres around th

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