Thursday 1 September 2016
 
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retirement

Emirates to retire 26 aircraft next year

Dubai-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

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Bahraini MP warns against raising retirement age

A 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

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Bahrain plans retirement age increase

Bahrain 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

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Bahrain Shura rejects early pension bill

Bahrain’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

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32 dead in Quebec seniors' home fire

Thirty-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

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NBK group CEO to step down

National 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

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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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Critical gaps seen in NRIs retirement plans

Risk 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

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56pc UAE employees worry about retirement

Over half (56 per cent) of UAE employees are worried about their future financial state amidst concerns over their ability to retire with a sufficient income, according to research from global professional services firm, Towers Watson.

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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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