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Qatar clamp on reward for bankers

DOHA: Qatar’s executive bank is capping bonuses for house members of blurb banks in a country, it pronounced in a round to banks yesterday, in a singular pierce to change executive compensation.

Since apropos emir final June, however, Shaikh Tamim bin Hamad Al Thani has taken a series of stairs to widespread a country’s gas resources some-more widely among all Qataris.

He has vowed to moment down on crime and business monopolies, while $880 million value of shares in a state petrochemical organisation were sole during a ignored cost to citizens.

The limit annual reward for a authority of a house of a bank has been set during 2m riyals, while a top for a house member is 1.5m riyals.

Bonuses can usually be postulated if a bank creates a net distinction and 5 per cent of bank collateral is distributed to investors.

No bonuses can be distributed but a executive bank’s approval.

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