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 recruitmen 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
 Jun 28 2016 - US dollar stable against Kuwaiti dinar at KD 0.301, euro rises to KD 0.334Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 28 (KUNA) -- The US dollar on Tuesday stabilized against the Kuwaiti dinar at KD 0.301, as the euro rose to KD 0.334, compared to Monday''s trades, ...

 Jun 28 2016 - Kuwait- His Highness Premier Sheikh Jaber Al-Mubarak hosts outgoing Armenian ambassadorKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 28 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received on Tuesday the outgoing Armenian Ambassador to the ...

 Jun 28 2016 - 8 wounded in Turkey car blastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ISTANBUL, June 28 (KUNA) -- A booby-trapped car blew up in Diyarbakr in southeastern Turkey on Tuesday wounding at least eight persons, the Ekhlas news agency ...

 Jun 28 2016 - Juncker calls on Cameron to clarify situationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, June 28 (KUNA) -- President of the European Commission Jean-Claude Juncker said here Tuesday that he will ask British Prime Minister David Cameron ...

 Jun 28 2016 - French shares rebound strongly after early steep lossesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, June 28 (KUNA) -- Share prices on the Paris Stock Exchange rebounded strongly by almost 3.0 percent in morning trading Tuesday, following a lost of nearly ...

 Jun 28 2016 - Kuwait Foreign Ministry condemns bombings in LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 28 (KUNA) -- The Foreign Ministry on Tuesday expressed strong condemnation of the terrorist blasts that occurred close to the Lebanese custom ...

 Jun 28 2016 - Kuwait's Al-Najat Charity offers Eid aid to Syrian refugees in JordanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, June 28 (KUNA) -- Kuwait-based Al-Najat Charity on Tuesday started offering relief aid to Syrian refugees in Jordan for the Muslim holy fasting month of ...

 Jun 28 2016 - Jerusalem holy site closed to non-Muslims after violenceThe Peninsula
(MENAFN - The Peninsula) Israeli security forces stand guard at the entrance of theAl-Aqsamosque compound in Jerusalem''s Old City, on June 27, 2016, following a second day of clashes between Israeli ...

 Jun 28 2016 - Suicide bomber kills nine at Iraq Sunni mosque: officialsThe Peninsula
(MENAFN - The Peninsula) Baghdad:A suicide bomber detonated explosives at a Sunni mosque near Baghdad where worshippers were gathered for prayers, killing at least nine people, officials said ...

 Jun 28 2016 - Assad's uncle charged in Paris with corruption: anti-graft groupThe Peninsula
(MENAFN - The Peninsula) Paris:Paris prosecutors have charged the uncle of Syrian President Bashar al-Assad with corruption, an anti-graft group said Tuesday. Rifaat al-Assad, 78, who was ...

more...


 





Google

 
 

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