Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey.
1. Construction- A construction project manager or a chief engineer in Saudi Arabia takes home the fattest salary package, earning roughly $13,276 per month, up 2.3 percent from $12,975 last year.
2. Sales/ Marketing - Earning just marginally less than a construction manager, the head of sales/marketing at a multinational or local company takes home around $13,253 per month. The amount marks a 10 per cent hike from 2011.
3. Banking - One of the only sectors in the Kingdom to see a dip in compensation, the average salary earned by a branch manager, a treasury manager and a retail/personal banking manager is approximately $12,931 per month, down 4.5 percent from $13,315 per month last year.
4. Human Resources - An HR manager in Saudi Arabia makes a monthly income of around $12,704 per month, up from $11,824 last year.
5. Public Relations - PR directors have seen an 18.6 percent leap in wages, from around $9,744 per month in 2011 to approximately $11,561 per month this year.
6. Information Technology - An IT head in the Kingdom earns much more compared to his counterpart in Bahrain, with a monthly salary of around $11,526. The amount has increased from $10,735 per month in 2011.
7. Advertising - An advertising creative director in Saudi Arabia currently pockets roughly $11014 per month, up from $8,019 per month last year and the highest among his GCC counterparts.
8. Real Estate - Saudi’s real estate managers have seen monthly wages rise by 22 percent, from $8,699 in 2011 to around $10,654.3 in 2012.
9. Hospitality - A hotel manager in the Kingdom takes home approximately $9375 per month, marginally higher than last year’s income of $9,244 per month.
10. Publishing - Earning the least in most GCC countries, a publishing editor in Saudi Arabia gets a monthly salary of around $8,482 per month, up from $7,435 last year.
BLME opens representative office in Dubai
Bank of London and The Middle East (BLME), the largest Islamic Bank in Europe, announced the opening of its representative office in the Dubai International Financial Centre (DIFC) on Monday.
QEWC QPI and QH form USD 1-billion company
Qatar Electricity and Water Company (QEWC), Qatar Petroleum International (QPI), and Qatar Holding (QH) signed a Shareholders’ Agreement to incorporate a new Qatari shareholding company that would in
Bids sought for Jazan plant
Saudi Aramco has invited bids for the construction of a 2,400 megawatt (MW) power plant in Jazan, near a 400,000 barrel-per-day oil refinery which it is currently building, two industry sources said.