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Saudi Arabia cuts allowances, incrementsSaudi Arabia has suspended granting, in the forthcoming year, annual increments or any financial increases given when contracts were renewed, extended or continued. The Cabinet cancelled or amended allowances, premiums and other f More… |
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Saudi cbank asks banks to reschedule consumer loansSaudi Arabia's central bank has asked local banks to reschedule consumer loans after the government cut bonuses and other financial perks for public sector workers, local media reported on Thursday. The cabinet announced this More… |
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Rising costs: GCC firms increasing allowancesRising cost of living in the GCC is forcing companies to increase allowances and benefits to staff as they battle to retain their talent, a study said. Companies across the GCC are recognising the need to introduce new measures an More… |
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Payouts boost as Bahrain MPs approve budgetBahrain MPs have approved the national budget for 2013-14, under which around 52,000 breadwinners with an income of less than BD1,000 ($2,630) will be eligible to receive a monthly anti-inflation allowance. A seven-month stalemate More… |
Bahrain puts allowance hikes on fast trackPension rises and anti-inflation allowances declared in Bahrain will be fast-tracked once the budget law has been passed, according to directives issued by HRH Prime Minister Prince Khalifa bin Salman Al Khalifa. The Premier gave More… |
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NBK offers chance to win MercedesNational Bank of Kuwait (NBK) will reward new customers who transfer their student allowances to a special youth account during their university registration period with a chance to win a Mercedes. This offer is valid until November, a sta More… |
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Saudi to hike wages through allowancesSaudi Arabia will distribute a public sector wage increase announced last month through cost of living allowances rising incrementally over three years, according to the state news agency. Wages and pensions of state employees would rise f More… |
