Credit Suisse bosses wages 'halved in 2011'
Geneva - AFP
Executives at Swiss banking giant Credit Suisse saw their pay packet shrink by about half in 2011, according to the bank's annual compensation report which was published Friday. In 2010, each top manager at the bank took home an average of 10 million francs ($10.9 million; 8.3 million euros) in basic wages and bonuses, but in 2011, each earned an average of 5.4 million francs. Chief executive Brady Dougan, who made 12.8 million francs in 2010, was paid 5.8 million francs for 2011. The bank posted a 62 percent drop in net profits for 2011 to 1.95 billion francs, although it issued an optimistic outlook for 2012.
GMT 19:30 2018 Wednesday ,03 January
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India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
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Deutsche Boerse taps top banker as new CEO
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
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Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 14:10 2017 Wednesday ,02 August
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GMT 02:15 2015 Monday ,30 March
Yemeni president fires 2 provincial governors
GMT 19:58 2017 Wednesday ,22 February
Armed police surround German school after reports of a gunman on the premises
GMT 19:09 2016 Sunday ,06 March
Sisi, Sherif Ismail mull implementation of national projects
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Actress Helen Hunt slammed over Egypt forum
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Pure bred Bahraini stallion gifted to Poland on behalf of King
GMT 03:58 2014 Saturday ,31 May
North Korea sentences South Korean spy to hard labour for life
GMT 18:46 2016 Tuesday ,23 February
Egypt, Greece to enhance economic, trade relations
GMT 22:06 2016 Saturday ,09 April
Four out of ten Africans have reliable electric power supply
GMT 14:06 2017 Monday ,27 March
HH the Emir Receives Message from Emir of Kuwait
GMT 06:46 2015 Friday ,02 January
US fast food giant Chick-fil-A probes security breach
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Kuwaiti interior minister encourages creative nationals
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Education minister Moheb el-Rafie meets JICA delegation
GMT 16:08 2015 Sunday ,08 March
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