Saving scheme may expand outside of home market after increase in foreign savers
Personal Finance
Wages not keeping up with living cost rises – poll
Survey finds 67 percent in MENA say pay rises not matching increases in living costs
UAE close to finalising new bankruptcy law
Justice Minister says draft of legislation should be ready by the end of this year
Arab billionaires’ wealth rises to $121bn in 2011
Forbes Middle East says Arab world boasts 36 billionaires; total wealth up by nearly $4bn
Salary expectations rise across Gulf in Q1
New research also shows that less than 10% of firm are now implementing pay freeze
UAE firms mull 5% average pay rise in 2012
New Towers Watson report sees salary increases at about 3% above inflation rate
63% of UAE staff expecting pay rise in 2012
New survey also shows 13% disparity between salary increase and rise in cost of living
Card firms still on look out for fraud after breach
Credit card companies are on alert after a huge US data security breach
UAE sees rise of ‘counter offer’ culture – HR firm
Companies make more effort to keep their best performing staff, says Robert Half UAE
Al Hilal launch Middle East’s first drive-through bank
Money Station opens, based on petrol station concept
Gulf cities among least expensive in world
Dubai falls 16 places in World Cost of Living Survey; Oman, Jeddah close to bottom of list
UAE 40th National Day
UAE’s $2.7bn debt fund signs deals with lenders
Rescue fund set up to pay off debts of low-income citizens inks agreements with banks
GCC legal head earns average $21k a month
Survey says highest salaries seen in Abu Dhabi, Qatar; 60% got pay rise last year
Kuwait salaries up 5% on average over past year
Hay Group survey says similar rise expected next year; banking sector staff best paid
UAE bank fees deter borrowers from paying off debts
Moves to slash personal debt in Gulf state stymied by loan charges, refusals to restructure debt
Food prices drive rise in Abu Dhabi consumer costs
Consumer prices in the UAE capital climb 2.1% for first 10 months of 2011
Qatar tops MENA list for average wealth per adult
Gulf state leads with $146,623, followed by Kuwait and the UAE, says Credit Suisse