Sunday 25 September 2016
 
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BP investors reject CEO’s $20m pay deal

BP's shareholders have voted against chief executive Bob Dudley's $20 million pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.   Some 59 per cent

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Samsung Pay hits 5m registered users

Samsung Electronics said Samsung Pay, a leading mobile payment service that works at the majority of merchants, has reached about five million registered users and processed more than $500 million in the first six months, showing a strong adop

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Nass to pay 5pc cash dividend to shareholders

Nass Corporation shareholders are to get cash dividend of five per cent for last year, it was announced at the Bahrain-based company’s annual ordinary general meeting, said a report in the Gulf Daily News (GDN), our sister publi

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Udrive launches pay-as-you-go car rental in Dubai

Udrive, a Dubai-based concept, launched the pay-as-you-go car rental service in Dubai, UAE.   The cars can be booked and paid for via an app, offering Dubai’s most convenient and affordable car rental optio

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Gulf Hotels Group to pay $13.8m dividend

Shareholders of Gulf Hotels Group (GHG) will receive a dividend payout of 30 per cent, or 30 fils per share, totalling BD5.2 million ($13.8 million) based on last year’s financials, it has emerged, said a report in the Gulf Daily New

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Bahrain pay rises lowest in decade, despite rising costs

Average pay rises in Bahrain and across the GCC are set to be lower this year, than at any time over the past 10 years, despite the rising cost of living caused by cuts in government subsidies, according to a recent report.  

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Iraq to pay $2bn in arrears to foreign companies

Iraq will pay foreign oil companies about $2 billion in remaining arrears for 2015 this April and expects to reach an agreement over contracts by half-way through the year, the deputy oil minister said.   Interna

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Lufthansa signs pay deal with services union

Deutsche Lufthansa, Germany’s national carrier, on Saturday signed an agreement with services union Verdi on pay for about 33,000 ground personnel, the union and the airline said. Germany's largest airline agreed a pay i

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Emirates airline looks to raise debt next year

Dubai's flagship carrier Emirates plans to raise "a lot of" debt next year to help pay off maturing debt of about $1 billion and finance aircraft deliveries, its president Tim Clark said on Sunday. "We have bond

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India to pay $700m Iran oil dues on Oct 12

India will pay the second tranche of $700 million in oil dues to Iran on October 12, sources said, within weeks of paying a similar amount after a July deal that set the roadmap for the lifting of sanctions aimed at Tehran's nuclear activi

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