Wednesday 16 April 2014
 
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Savings

Ithmaar Bank eyes $35m annual savings

Ithmaar Bank, a Bahrain-based Islamic retail bank, said its board has initiated several cost reduction initiatives that are expected to result in savings in the range of $25-$35 million annually. The key measures aimed at turning the ba

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Saudi businesswomen have $26bn savings

Businesswomen in Saudi Arabia have retained SR100 billion ($26.6 billion) in savings, which is 75 per cent of the total bank savings across the kingdom, said a report. The share of the contracting sector owned by women stood at 14

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BMI announces savings scheme expansion

Bahraini retail and commercial lender BMI Bank has announced that its Ayadi savings scheme has become bigger with the addition of more features and benefits. This year Ayadi's prize pool has been expanded to more than $1.9 mil

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Dubai moots Islamic savings scheme for UAE expats

Dubai 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

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Takaud launches new employee savings plan

Takaud, a leading savings and pension specialist provider in Bahrian, has introduced its unique employee savings plan, a first for the region, which will help retain staff by providing them with a saving mechanism. The product ser

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Gulf Air sees big savings in green solutions

Gulf Air, the national carrier of Bahrain, has notched up huge savings through the adoption of several 'green' solutions in its information technology infrastructure and practices, the airline's top IT official said. &

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Gulf Air sees big savings in green solutions

Gulf Air, the national carrier of Bahrain, has notched up huge savings through the adoption of several 'green' solutions in its information technology infrastructure and practices, the airline's top IT official said. &

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90pc of GCC residents ‘not saving enough’

Nearly 90 per cent of GCC residents, both locals and expatriates, are not saving enough for their future, a report said. Seventy-one per cent of residents, in Bahrain, Kuwait, Qatar and Oman do not put any money aside, compared with 74

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UAE residents warned on careless spending

United Arab Emirates residents risk an uncertain financial future if they continue with a “live for the moment” mentality, said a report issued by Nexus Insurance Brokers, a leading financial firm in the GCC. The trend

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Takaud to launch private pension products

Bahrain-based Takaud Savings and Pensions aims to launch its initial pension product in the fourth quarter of this year, becoming the first Gulf-based private pension provider, its chief executive said. Takaud, which received regulatory

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