Wednesday 24 October 2018
 
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GCC firms ‘shifting from cash to benefits for staff’

GCC firms have increased benefit offerings to employees this year, as against spending on their cash allowance packages in previous years, said Aon, a leading global professional services firm, in a new study. The GCC region has w

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Private wealth in Bahrain to hit $54bn by 2022: BCG

Personal wealth in Bahrain is projected to grow at a compound annual growth rate (CAGR) of 4 per cent and expected to reach $54 billion in investible assets by 2022, said a new report by The Boston Consulting Group (BCG), a global management con

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Air Arabia approves 10pc cash dividend

Sharjah-based budget carrier Air Arabia said its board has given approval for the distribution of a cash dividend of 10 per cent of the company’s share capital to the investors. The board's decision came at the conclusio

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Saudi cash transfer to needy to start next week

Saudi Arabia's Cabinet today approved details of the Citizen’s Account (CA) policy and confirmed that first payments will be made to eligible Saudi households on December 21.   The Citizen’s Accou

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StanChart, Transguard launch smart cash transfer system

Standard Chartered Bank has signed a partnership agreement with UAE-based business support provider Transguard Group, which will enable the bank to offer its corporate clients a smarter and more convenient cash solution. The solut

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BCFC shareholders to get 50pc cash payout

Bahrain Commercial Facilities Company (BCFC) general assembly has approved a cash dividend of 50 per cent or 50 fils per share, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit

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Nass announces 5pc cash dividend

Shareholders of Nass Corporation will get cash dividend of five per cent for 2016, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit

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Nass announces 5pc cash dividend

Shareholders of Nass Corporation will get cash dividend of five per cent for 2016, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit

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Uber tests new payment option in the UAE

Ride-hailing service Uber is testing out a new cash payment option for rides in the UAE. The pilot in Dubai and Abu Dhabi makes the UAE the seventh country to test cash payments, following the launches of Saudi Arabia, Egypt, Jord

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Emirates to repay two bonds totalling over $1.1bn

Emirates Airline has announced that it will be closing two bonds in full this month, amounting to a total of $1.1 billion, which will be repaid from its own cash resources. The airline announced that it has repaid a bullet bond in

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