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BP reaches $18.7bn settlement over deadly 2010 spill

BP will pay up to $18.7 billion in penalties to the US government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in US history. The agreemen

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World Cup insurers ‘likely to refuse pay out on cancellation’

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their Wor

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Facebook raises minimum pay for contractors to $15 per hour

Facebook raised wages for its contract workers, such as cafeteria staff and janitors, to a minimum of $15 per hour amid rising tension over the wage gap between the technology sector's elite and the lower-paid workers. Contrac

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Bahraini private hospital selling land to pay staff

A private hospital in Bahrain is reportedly planning to sell off land to raise the money it needs to pay staff. International Hospital of Bahrain (IHB) medical director Dr Abdul Shaheed Naseeb blamed an 80 per cent drop in busines

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Zain Bahrain-Microsoft launch payment facility

Zain Bahrain has, in partnership with Microsoft, launched Zain Pay, a direct mobile operator billing facility for the Windows Phone Store. The first-of-its-kind initiative in Bahrain will now enable Zain customers to charge their

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Al Salam Bank Bahrain to pay $28m in dividend

The shareholders of Al Salam Bank Bahrain will get BD10.7 million ($28.2 million) as dividend following the approval of the board recommendation at the bank's Annual General Meeting yesterday (February 24). The dividend payout

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Bahraini firms to pay more for natural gas

Companies in Bahrain implementing, or planning, industrial projects will have to pay more for natural gas from April 1. The Cabinet yesterday (January 12) decided to unify the price of natural gas, and increase it gradually, follo

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Circle Oil receives $15m payment from Egyptian govt

Oil and gas explorer Circle Oil said it had received a $15 million payment from the Egyptian government as part of Egypt's plan to pay off debts owed to energy companies operating in the north African nation. "This has re

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Pay row labourers in Bahrain receive wages

A group of 41 labourers who said they were forced to sleep rough on the streets of Manama, Bahrain because their employer allegedly failed to pay them have finally collected their salaries. They received their payment for three mo

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Construction labourers in Bahrain in wages row

A group of 41 labourers claim to have been forced to sleep rough on the streets of Manama, Bahrain after their employer allegedly failed to pay for their accommodation. The workers, a mix of Indian, Pakistani, Nepalese and Banglad

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