Friday 25 April 2014
 
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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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Bahrain directs millions for pay rise

Bahrain's Premier has directed millions of dinars for pay rises and bonuses for government employees. Also, BD1,500 ($3,957) will be paid as extra bonus to staff with extraordinary achievements at national level like helping o

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EU regulators to cap bankers' bonuses

EU 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

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5pc more salary hikes in ME real estate

Following 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

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5pc more salary hikes in ME real estate

Following 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

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Barclays boss forgoes bonus, Qatar deal probed

Barclays 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

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NBK approves cash dividends to investors

National 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

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