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EU regulators to cap bankers' bonusesEU regulators confirmed they will cap bonuses of bankers earning more than 500,000 euros ($645,000) a year and added other conditions to make the pay ceiling harder to smash. The headline figure was leaked last Friday, triggering More… |
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5pc more salary hikes in ME real estateFollowing a significant boost in business confidence, 35 per cent of real estate professionals in the Middle East received basic salary increases this year as against 30 per cent last year, a report said. Eight per cent more bonus More… |
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5pc more salary hikes in ME real estateFollowing a significant boost in business confidence, 35 per cent of real estate professionals in the Middle East received basic salary increases this year as against 30 per cent last year, a report said. Eight per cent more bonus More… |
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Barclays boss forgoes bonus, Qatar deal probedBarclays chief executive Antony Jenkins has opted not to take a bonus for 2012, saying he should "bear an appropriate degree of accountability" for the difficult year the British bank endured. Jenkins is trying to restor More… |
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NBK approves cash dividends to investorsNational Bank of Kuwait (NBK) has announced plans to distribute cash dividends equivalent to 40 per cent of nominal value of the share (40 fils per share) and bonus shares by 10 per cent (10 shares for every 100 shares) to the share More… |
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$1.5m bonus for RBS boss sparks rowThe awarding of a reduced bonus just short of £1 million to the boss of state-rescued Royal Bank of Scotland (RBS) has sparked heavy criticism as Britain teeters on the brink of recession. RBS announced that boss Stephen Hester had been aw More… |
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Yamama Saudi plans 50pc capital hikeSaudi's Yamama Saudi Cement Company plans to increase its capital by 50 per cent through a bonus share issue, the firm said in a bourse statement. The firm will increase its capital to SR2.025 billion ($540 million) from SR1.35 billion More… |
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BMB distributes $0.5m bonus to investorsBahrain Middle East Bank (BMB), a leading bank in the region, said it has distributed bonus worth $0.5 million to its investors for the third quarter despite the global market turmoil. This takes the aggregate distributed over the pr More… |
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EFG-Hermes to cut bonuses, appoints Gulf chiefEgyptian investment bank EFG Hermes said it was cutting back bonuses to reduce costs by more than 20 per cent this year. "As part of a strategy to make the organisation leaner and with a target of cutting costs in 2011 by over 20 per cent More… |
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Saudi Telecom Q1 net falls due to handoutState-owned Saudi Telecom (STC) reported a 11 percent fall in first-quarter net profit due to bonus salaries ordered by King Abdullah, missing analysts' average estimates. The firm made a net profit of 1.573 billio More… |
