#Dubai's biggest bank gives staff a pay rise for inflation - sources | Reuters

Dubai's biggest bank gives staff a pay rise for inflation - sources | Reuters

Dubai's biggest bank Emirates NBD (ENBD.DU) has given most employees a pay rise of up to 8% to help cushion against rising costs of living driven by inflation, two sources familiar with the matter said.

The increases varied according to seniority and were part of a mid-cycle salary adjustment for inflation, with top executives receiving smaller or no increases, the sources said.

Most employees received a pay rise of between 5% and 8%, with lower-paid staff receiving the biggest increase, one of the sources, who has direct knowledge of the matter, said.

Emirates NBD, majority owned by Dubai's government, said it did not comment on staff-related matters.