 |
Bahrain Air payout ‘may top $5.8m’Severance packages for former Bahrain Air staff could cost a combined total of BD2.2 million ($5.83 million), unionists said. Ex-employees were expected to start receiving their redundancy payouts yesterday or today, Bahrain Air T More… |
 |
Bahrain Air approves staff payout dealFormer staff at Bahrain Air will get 24 days' pay for every year they worked for the carrier, a report said, adding that they will also receive compensation for their notice period and leave until the end of February 12. Meanw More… |
 |
Al Ansari, Pakistan bank in remittance tie-upAl Ansari Exchange, a leading remittance and foreign exchange services firm, has tied up with Pakistan’s Tamer Bank, facilitating instant money transfer from the UAE to 20,000 payout locations in Pakistan. Tamer Bank recently entered into More… |
 |
Bahraini firm wins $3.76m payoutBahrain Foundation Construction Company (BFCC) has won a BD1.42 million ($3.76 million) payout after filing a case against Korean firm Sungwon Corporation. The company has also been awarded BD45,500 in costs by the Bahrain Chamber for Disp More… |
 |
Lloyds net loss surges to $4.4bn on exposureLloyds Banking Group (LBG) has capped a bad week for Britain's state-rescued lenders by announcing losses of billions of pounds due to huge compensation payouts and euro zone debt exposure. A day after Royal Bank of Scotland (RBS) said More… |
 |
Bahrain’s traders hope for payoutsTraders at Bahrain’s Manama Central Market could be compensated for heavy losses due to protesters occupying the loading areas and customer car parks, preventing easy access to the area. They have complained to the Manama Municipality that More… |
 |
Kuwait plans monthly pay-out to laid off citizensKuwait, the world's fourth largest oil exporter, will pay monthly benefits to citizens who have lost jobs in the private sector in the wake of the global financial crisis. The cabinet approved measures on Monday that would give laid off Ku More… |
 |
NBF to distribute 15pc cash dividendNational Bank of Fujairah (NBF) has approved a 15 per cent cash dividend for its shareholders at the bank's annual ordinary general meeting (AGM) on Monday in Fujairah. The dividend shall be distributed to the shareholders recorded More… |
 |
Ithmaar okays $53.7m cash dividend payoutIthmaar Bank, a Bahrain-based investment bank with global reach, has approved a $53.7 million cash dividend payout for the year ended December 31, as recommended by its board of directors. The bank announced record earnings last month, ac More… |
