Real estate related economic and financial news covering the MENA region.
Abu Dhabi council invests Dhs4.8bn into pension fund
Jun 14, 2012
The Abu Dhabi Executive Council has approved setting aside Dhs4.81bn for a pension fund to keep up with rising salaries, The National has reported. The amount would be allocated to the Abu Dhabi Retirement Pensions and Benefits Fund to "address the sudden shortfall from the increase in salaries," the council said. The fund will also adopt a framework enabling it to meet all additional financial liabilities, it added.