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Saudi sends strong message with cut in wage, benefit billSaudi monarch King Salman bin Abdulaziz Al Saud's decision to slash ministerial pay by a fifth reflects the kingdom's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices, said experts. More… |
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Saudi sends strong message with cut in wage, benefit billSaudi monarch King Salman bin Abdulaziz Al Saud's decision to slash ministerial pay by a fifth reflects the kingdom's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices, said experts. More… |
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Despair, hardship as Iraq cuts off wages in IS citiesThe Iraqi government's decision to choke off funding for Islamic State by cutting off all wages and pensions in cities controlled by the group has plunged people into hardship and could help the insurgents tighten their grip, officials and More… |
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Oil prices fall on Opec’s ‘no production cut’ commentOil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel Opec indicated there would be no cut-back in production, although a fall in the US dollar put a floor under prices More… |
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Facebook raises minimum pay for contractors to $15 per hourFacebook raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector's elite and the lower-paid workers. Contrac More… |
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Indian PM plans first labour overhaul in decadesIndian Prime Minister Narendra Modi has set in motion the first major revamp in decades of India's archaic labour laws, part of a plan to revive the flagging economy, boost manufacturing and create millions of jobs. Successive More… |
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Tough action on firms not implementing new wage systemSaudi Arabia has warned strict action against companies which fail to comply with the new wage protection system that has been introduced to protect the rights of both employer and employee, said a report. The Ministry of Labor sa More… |
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UAE employees to get 5pc wage hike: surveyCompanies in the UAE are giving their employees average wage increases of 5.2 per cent this year, bucking the global trend for limited pay rises, said a survey. The Mercer’s 2013 Total Remuneration Survey (TRS) also revealed More… |
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Kuwait backs wage rises in private sectorKuwait's civil service commission has proposed wage increases of up to 330 Kuwaiti dinars ($1,190) per month for private sector employees after state workers were given pay hikes earlier this year. Policymakers and economists in the ma More… |
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Saudi to launch new wage monitoring systemSaudi Arabia will soon launch a system to monitor wage payments to company staff, part of efforts to boost the participation of Saudi citizens in the workforce and keep track of foreign workers, the labour minister said on Monday. In an in More… |
