Friday 27 February 2015
 
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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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Civil service staff to get extra benefits in Bahrain

Extra benefits and bonuses will be paid to civil service employees in Bahrain. Under the new scale, about 15,000 married public sector female employees will have their social allowances raised, to ensure equality between married m

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NBO to pay 15pc cash dividend

National Bank of Oman's (NBO) board of directors has recommended the lender pay a 2013 dividend of 15 per cent cash and 10 per cent in bonus shares, according to a bourse filing on on Wednesday. For 2012, NBO paid a cash divid

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