Sunday 26 April 2015
 
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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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Qatar caps bonuses for bank board members

Qatar's central bank is capping bonuses for board members of commercial banks in the country, it said in a circular to banks on Monday. The central bank did not give reasons for the restrictions in its circular, which was post

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Barclays to cut 12,000 jobs; but bonuses up

Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. Britain's th

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