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IMF general legal counsel Sean Hagan to retireThe International Monetary Fund’s (IMF) general counsel, Sean Hagan, will retire at the end of October, managing director Christine Lagarde announced today. Hagan has worked at the fund for 28 years, including almost 14 as g More… |
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Nemir Kirdar steps down as Investcorp chairmanInvestcorp, a leading global provider and manager of alternative investment products, today announced that its founder, Nemir Kirdar, has stepped down as chairman of the board of directors to enter full retirement. More… |
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Emirates to retire 26 aircraft next yearDubai-based Emirates airline has announced that it will retire 26 aircraft in 2016, with the average age of those carriers being 15.7 years, well-below the average industry retirement age of 25. The Emirates aircraft slated for retireme More… |
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Bahraini MP warns against raising retirement ageA plan to raise the age of retirement in Bahrain by five years to 65 has sparked controversy. Independent MP Jalal Kadhim Al Mahfoudh strongly rejected the proposal, warning that the move would have a detrimental impact on the young and increa More… |
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Bahrain plans retirement age increaseBahrain has plans to increase the retirement age to 65 or even 70 for some categories, said Al Hekma Society for Pensioners chairman and Supreme Health Council president Lieutenant-General Dr Shaikh Mohammed bin Abdulla Al Khalifa. The p More… |
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Bahrain Shura rejects early pension billBahrain’s Shura Council has blocked a bill to allow civil servants to retire before 45 with minimal impact on their pensions, a report said. The proposal was twice pushed through by MPs, according to the report in the Gulf D More… |
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32 dead in Quebec seniors' home fireThirty-two people were presumed to have died in a fire that swept through a wooden retirement residence in the eastern Canadian province of Quebec on Thursday, police said on Saturday. Ten bodies have been recovered and 22 people More… |
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NBK group CEO to step downNational Bank of kuwait, the country's leading lender, said on Wednesday that its group chief executive officer Ibrahim Dabdoub will step down from his role following the next General Assembly Meeting. Dabdoub will however, co More… |
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Dubai moots Islamic savings scheme for UAE expatsDubai has proposed to the federal government of the UAE that the country create a sharia-compliant retirement savings scheme for foreign workers, a step which could help to develop the Islamic funds industry. The aim is that the s More… |
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Critical gaps seen in NRIs retirement plansRisk aversion and lack of professional advice is leading to critical gaps in financial and retirement planning amongst UAE-based non-resident Indians (NRIs), according to the first Standard Life NRI Wealth Study. Standard Life, a More… |
