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Seven Indians raid office in UAE over denial of salaries

Seven expatriate Indians in the United Arab Emirates (UAE), who were not paid their salaries for the past three months, raided their office and destroyed electronic equipment,...
Source : Webindia123 |
Category : Headlines

Dubai banking analysts get double bonuses than London

Junior bankers in the UAE are reaping almost 36 per cent more salary than their counterparts in London, with bonuses almost double those paid in the UK capital, compensation data provider Emolument said.Fixed salaries at the analyst level in the UAE average $91,000, compared with $73,000 in London, the group said in an e-mailed statement. Bonuses in the UAE, including Dubai and Abu Dhabi, averaged...
Source : Khaleej Times |
Category : Business

UAE golfers win Team Net Category

UAE U-15 team’s performance paved the way for a strong future for the Emirates Golf Federation (EGF) and UAE National Teams.The UAE Under-15 team at the prize presentation with national team coach Jason Froggatt (left); Team manager and Secretary General of EGF Khalid Mubarak Al Shamsi (second left) and Adel Zarouni, vice chairman of EGF. — Supplied photoThe UAE team won the Team Net Category while...
Source : Khaleej Times |
Category : Sports

Depressed Indian IT worker quits for being paid too high a salary!

Indian computer programmer left his job after complaining to his bosses that he was getting a very high salary....
Source : Webindia123 |
Category : Headlines

Employee can't escape recovery of excess payments: SC

The Supreme Court has said that even after retirement from service, an employee can't escape the recovery of the excess amount that is credited due to an error in salary calculations.Rejecting the submission that no amount should be recovered from the excess salary paid to employees, the apex court bench of Justice Anil R. Dave and Justice Dipak Misra said, "if any amount had been paid due to mistake,...
Source : Newkerala |
Category : National | City : New Delhi

Employee can't escape recovery of excess payments: SC

said that even after retirement from service, an employee can't escape the recovery of the excess amount that is credited due to an error in salary calculations.Rejecting the submission that no amount should be recovered from the excess salary paid to employees, the apex court bench of Justice Anil R. Dave and Justice Dipak Misra said, "if any amount had been paid due to mistake, the mistake must be...
Source : Prokerala |
Category : National | City : National

Paul George's Awful Slump Could Cost Him $6 Million

the financial hit Paul George will take if he doesn't make an All-NBA team this year.The Pacers forward will lose $6.76 million in salary over the next five years if he isn't named to one of the three 2013-14 All-NBA teams, according to Feldman's calculations.where a player coming off a rookie contract can make 30% (instead of the normal 25%) of his team's salary cap if he either, 1) wins an MVP award...
Source : News Times |
Category : Business

Spain's scandal-hit royal palace cuts spending

(2013)Spain's King Juan Carlos (centre) greets Spain's Foreign Minister Jose Manuel Garcia-Margallo (left) in front of United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan after their arrival at Zarzuela Palace in Madrid Feb 3, 2014. Spain's king has had his salary frozen for a third year, the scandal-hit palace said on Monday, publishing its slimmed-down budget for 2014...
Source : Straits Times |
Category : International

Cash buyers buoy UAE real estate market

Foreign cash buyers continue to buoy the UAE real estate market, and transaction volumes do not yet show signs of slowdown despite a 22 per cent surge in Dubai residential property prices in 2013, Arqaam Capital said in a report on Saturday.However, the price escalation, which is four times the annual salary hikes, means that the UAE property is slowly approaching affordability limit: a 20 per cent...
Source : Khaleej Times |
Category : Business

Price comparison sites can boost e-commerce market

UAE residents are not realising the full benefits of e-commerce due to soaring price differentials on consumer goods, according to the founder of pricena.com.The UAE-based website, a price comparison portal, has found that prices for consumer goods in the UAE can differ up to 30 per cent between varying locations, leaving many customers across the emirate unlucky due to a lack of transparency in the...
Source : Khaleej Times |
Category : Business
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