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FINANCIAL NEWS
UAE net salary to increase 2.2 percent in 2016
15 Mar 2016
(MENAFN) Salary grows in the UAE are predict to start higher than its normal rate of hike in the GCC, while given the lowest local inflation rate of 3.1 percent.
Moreover, salaries in the UAE are forecast to increase by 5.3 percent vis a vis a GCC average of 5.2 percent, while in KSA are predicted to average 5.9 percent.
Additionally, salaries via the GCC are predicted to grow at an average of only 5.2 percent this year, down from 5.7 percent in the previous year.
Accordingly, the slower growth rate emphasizes average pay rises across the GCC are set to be lower in 2016 than any time over the past 10 years.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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