Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai banking analysts get double bonuses than London  Join our daily free Newsletter

MENAFN - Khaleej Times - 21/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) bonuses including in dubai and abu dhabi average 27000

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 91000 compared with 73000 in london the group said in an e-mailed statement. bonuses in the uae including dubai and abu dhabi averaged 27000 compared with 14000. for associates fixed pay in the uae was 107000 compared with 108000 in london while bonuses of 40000 in the uk were about 29 per cent higher.


Office workers are seen inside the dubai international financial centre. dubai is rebounding as equity and property markets soar. banks including goldman sachs group and renaissance capital are boosting teams in the region and hiring bankers from competitors. — bloomberg


Dubai is rebounding as equity and property markets soar. banks including goldman sachs group inc and renaissance capital are boosting teams in the region and hiring bankers from competitors.


“professionals shouldn’t underestimate the fluidity of recruitment in banking in the uae” emolument said. “if you are the right fit you are probably in a very strong position to negotiate substantially thanks to the scarcity of candidates versus larger financial centres such as london.”


While bonuses and fixed pay are significantly higher in london at the director and managing director level “the picture blurs when adjusting for tax and expat perks” according to emolument. “the gap in real terms is narrower than shown through simple numbers.”


The uae the second biggest arab economy doesn’t impose income taxes. dubai international financial centre a tax-free business park is home to the regional offices of banks including goldman sachs group inc citigroup inc and standard chartered plc. director level salaries average 200000 per year with a 116000 bonus in the uae compared with about a total of 449000 in london according to emolument. managing director pay in london at an average of 931000 was more than double the uae’s 437000. emolument says it receives salary and bonus data directly from individuals on an anonymous basis and has more than 20000 contributions from individiuals at more than 3500 institutions.

 


Khaleej Times




  MENA News Headlines
 Apr 25 2015 - Dubai's Damac Q1 net profit down 38 percentMENAFN
(MENAFN) Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit, despite surging revenue, because of the effect of a big one-off gain a year ago, Emirates 24/7 reported.The ...

 Apr 25 2015 - Saudi Cable signs USD170.7m debt restructure dealMENAFN
(MENAFN) Saudi Cable Company said in a statement that it has signed a deal with three of its main lenders to restructure USD170.7 million of debt, Arab News reported.The debt will be restructured ...

 Apr 25 2015 - Saudi petrochemical firms combined profit down in Q1MENAFN
(MENAFN) Saudi Arabia's first-quarter corporate earnings were generally weaker than expected, a sign that foreign investors should be cautious as the stock market opens up to them this year, Arab ...

 Apr 25 2015 - EU migrant rescue ships head for LibyaThe Peninsula
(MENAFN - The Peninsula) British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last ...

 Apr 25 2015 - Qatar- Al Rayyan thrash Al Markhiya as Emir Cup kicks off in styleThe Peninsula
(MENAFN - The Peninsula) Football giants Al Rayyan yesterday celebrated their ascent to Qatar Stars League (QSL) by crushing Markhiya 5-0 in their opening Emir Cup clash.Al Rayyan were demoted to the ...

 Apr 25 2015 - Qatar- 'Desert King' Al Attiyah is unstoppable on home soilThe Peninsula
(MENAFN - The Peninsula) Qatar's Nasser Saleh Al Attiyah, Spain's Marc Coma and Poland's Rafal Sonik each confirmed their third victories at the Sealine Cross-Country Rally in four years in the car, ...

 Apr 25 2015 - Qatar- Al Attiyah wins Sealine RallyThe Peninsula
(MENAFN - The Peninsula) Dakar Rally champion Nasser Saleh Al Attiyah yesterday said healthy time lead on the first three days set up his title win at this week's Sealine Cross-Country Rally. The ...

 Apr 25 2015 - Qatar- Stafford Sri Lankan School Doha celebrates New YearThe Peninsula
(MENAFN - The Peninsula) Stafford Sri Lankan School Doha celebrated the Sinhala and Hindu New Year recently by organising many traditional dances, games and competitions. The celebration, which ...

 Apr 25 2015 - Qatar- North Indians' Association celebrates BaisakhiThe Peninsula
(MENAFN - The Peninsula) North Indians' Association celebrated the harvest festival Baisakhi recently at Al Ghazal hall. Nearly 200 members joined the cultural programme organised by the association ...

 Apr 25 2015 - Qatar- Visa trading is illegal and punishableThe Peninsula
(MENAFN - The Peninsula) Qatari law sets strict punishment for visa traders with aim of preventing trade of illegal visas because every single illegal work visa adds an unemployed worker. If he/she ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help