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Kuwait oil minister's resignation 'accepted'The resignation of Kuwait's oil minister Hani Hussein has been accepted, local media reported, after he came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Company. More… |
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Kuwait oil minister's resignation 'accepted'The resignation of Kuwait's oil minister Hani Hussein has been accepted, local media reported, after he came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Company. More… |
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Bangladesh disaster victims to get compensationTwo Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country's worst industrial accident. The pledge f More… |
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Bank compensation up in 2012 despite cutback movesCompensation at the world's biggest banks rose last year, with 35 of them spending a combined 10 billion euros ($13.1 billion) more on staff than in 2011, a report said. Bankers' remuneration has rarely been out of the spo More… |
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Payout over expat worksite deaths urgedCampaigners are calling on the government to introduce an official compensation scheme for expatriate workers killed in Bahrain as a result of their job. It follows the deaths of two Asian men a week ago today, when explosives wer More… |
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RW starts Iraq housing project workRW Middle East, a leading provider of precast modular construction solutions, said it has started work on a massive housing project in Iraq that will see a total of 1308 homes being built on an area of 221,000 sq m in Simawah. Rotondo Weir More… |
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$2.6m for victims of Bahrain unrestThe first batch of compensation settlements, amounting to more than $2.6 million, will be paid in accordance with royal directives to the families of 17 people who died during Bahrain's unrest. The move comes on the recommendation of t More… |
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Bahrain fire victims to receive payoutRelatives of 10 men who died in a fire at a makeshift labour accommodation on Sunday in Bahrain are entitled to compensation under a Bangladeshi government scheme, said a top official. Each victim's family will receive BD1,000 ($2,654) sin More… |
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Lloyds sets aside $609m for compensationLloyds warned of a long, hard economic recovery and set aside an extra £375 million ($609 million) to compensate people mis-sold insurance, underscoring the challenge facing Britain's banks as they battle to recover from financial crisis. More… |
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Emirates to seek damages for A380 cracksEmirates Airline, the world's largest operator of Airbus's A380 superjumbo, plans to seek compensation from the aircraft maker after complaining of widespread disruption and an expected loss of revenue, the airline's president told the More… |
