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al mal capital

UAE’s Al Mal Capital cuts staff as trading slumps

UAE investment bank Al Mal Capital has reduced workforce by about 85 percent since 2009, as low trading volumes in the region impact brokerage operations, four sources familiar with the firm said.

November 2, 2011 12:18
 

Banks in UAE will face Dubai World fallout in second quarter

With 15 billion in exposure to Dubai World, the central bank expects UAE’s local banks will take brunt of restructuring impact.

April 26, 2010 9:11