A new survey conducted by Mercer shows that executives throughout the Middle East have voted themselves pay raises on the order of 5.7% on average. Managers Do the Best The data also points out those employees on the managerial level have also benefited from pay increases to an even larger extent then the executives, reflecting… Continue Reading
Tag Archives: Europe
European Bank Considering Expansion Into MENA
Despite the recent and ongoing turmoil in the Middle East and North Africa, the European Bank of Reconstruction and Development (EBRD) is considering expanding their business into the area. Bank Seeks Expansion into Middle East At present the bank supports projects in Eastern Europe and the former states of the Soviet Union, but yesterday they… Continue Reading
Iran seeking greater percent of Int’l Gas Market
Asqar Soheilipour, An Iranian oil official, declared that Iran is taking steps to increase its percentage of the international, natural gas trade. Along with an increase in natural gas production, infrastructure will be expanded for this greater role in natural gas trading. The Iranian National Gas Company has concluded agreements to export gas to both… Continue Reading
Middle East investors trigger an overseas property buying spree
According to a Jones Lang LaSalle report, Middle Eastern investors contributed to triggering a 40 per cent increase in commercial property transactions in the last year in Europe, Middle East and Africa (EMEA). According to an analysis released by the property consultant, total investment across EMEA will probably climb to €100 billion this year, led… Continue Reading